 But uh, if you want to stick around that's great answer all your burning questions the best my abilities right now is do a little q&a. So let's jump into the q&a Let's see. Let me give her this banner my fair part fair part of the show Uh Bicky says I could use ledger for sure. All right, bicky you could you're in the running man And thank you bicky for doing all Doing the reminders like and subscribe and reminding me to do the 10 second delay And valuable and also thanks to all the wrenches. I appreciate you guys and gals for keeping things legit out there and And uh shutting off all the uh spammers. Let's see Monster bulls got a question. Good question. Hey rob. How do you set stop losses without having crypto on exchange? Great question The answer is I don't because uh, I don't I don't do a lot of trading as far as stop losses If you want to do that then the only way to do it Actually, no, that's that's not true. Well, it is kind of true because If you don't have your crypto on exchange and you're doing some really tight stops some stop losses You want those to hit at a certain point? You don't want it just to go through and just break down You can get alerts I mean, there's many of apps out there that you can have them alert you to say oh bitcoin just fell below You know 15k and if you didn't have it on the exchange You wouldn't be able to sell it as it goes to 14 13 and 12. These are the risks that you take So if you're looking to trade, that's a more of a short-term thing. I'm not that guy There's a lot of other youtubers out there that can help you with that, but I can just tell you that For me for stop losses, I don't have them because uh, either I am I am buying dollar-cost averaging micro dollar-cost averaging or I'm just sitting on my hands doing nothing Or I'm waiting for uh, some kind of blow off top to sell or I sell along the way we should say and that's it let's see Couple con says exactly crawfish. It's a it's a tax deduction The rich have many ways of not paying taxes and of course you're probably talking about Buying and selling are yeah some people say it's a big uh money laundering scheme, but I mean that's They say a lot of things about about crypto to say a lot of thing about precious metals same type of deal here all I know is that uh So far my investment into mash works done done pretty well has it done Fantastic every single day now because it's going to be you know a multi-year type of hold and that's just how it goes but uh pretty happy with it because When something goes, uh down. I want something else to go up. That's the whole the whole rationale for that if I had you know 99 percent in crypto and uh You know the crypto market went down 90 percent Then that means everything I have is down pretty much 91 whatever it is percent and I'm down big time, but if I have I'm diversified Real estates businesses and other stocks and staking and art and the gen plays um Sometimes I actually have a pretty good day and it's uh, it just allows me to hedge my bet. So hope that makes sense And let's see. What else are we? Shannon Miller is a good question Do you think it's an opportunity for the us to remain the world currency? By regulating stable coins saying that they must be backed by only us dollars. It's a good point actually It makes a lot of sense, right? And if you want to continue to be the reserve currency First of all, you have to find a reason for everybody to hold dollars And if and if everything is denominated in dollars even with stable coins, yeah, I can definitely see that. It's a good one The government's always trying to do something shady Went to when the lawyer says rob should I invest in masterworks? I don't know. I don't know. I don't know your situation That's why like financial advisor will sit down and go Tell me about yourself. Tell me about your your your your goals as far as the far as investment Tell me your risk tolerance. Tell me what you want to see as far as your portfolio and how long of a timeline do you have? I'm here in portorico in my one of my in my mom's basements and uh Just talking to you. So I have no idea if you should invest in a masterworks. I will say this You can find the information on masterworks and you can call them or email them and set up a time to talk to somebody A real person and see if this is right for you. It's not right for everybody. I'll just be honest with you I got three letters pretty good And then for everybody asking, uh, those are not birds in the background. Those are those stupid frogs here in portorico I know everybody in portorico loves them those kokis Koki, but they're annoying especially at night. That's why I don't ever do I don't ever do night videos just that today was uh, it was a A long day a lot of things going on. I had a couple of interviews Put them out this weekend, but couldn't do it meme. Hello Chevo It is a ghost chain. Rob. I'm sure you heard I've heard I've heard the heard the rumors Rob those frog frog driving crazy or just how they sound like you get used to it Charlie says with masterworks, how liquid is it is not liquid So you have to understand when you put the money into these these fine pieces of art and Watch the watch the deep dive video. I did explains it a little bit better when I'm about to explain to you But they have brokers they have people that have been in our business for you know decades And they take a look at what are the most attractive offers and uh, and what are the possibilities of selling within a reasonable time frame For a great appreciation. So you gotta remember that if it's there That means that you're there and uh, you can you can go in their secondary market and sell your shares That's what that's all it is. It's fractionalized shares of fine art. I don't own a Banksy. I own shares of a Banksy, but again It's not a liquid. It's a long-term hold That's why I only have like it's like three to five percent of my whole my whole portfolio It's not that much and that's why I always say diversify Like who's gonna go on all in on a Banksy. Come on. That's for that's ridiculous Stonebook she'll totally yes, sir Can Bruce's stop losses stop you from making profit How can you use leverage you got to tell me how to do that Balzy I just can't can't do it. It just scares the hell out of me But some people are braver than me Rob should I buy a Monet? You could I guess the price is right and it's a real Monet chances are You don't have a you know 20 million dollars But maybe I'm wrong Let's see I can use another ledger for a backup. Yeah, I got like three or four. They're great Like the uh the x How do you know the giveaway it's gonna go through Watch the video retweet and stuff like that and then I'll do a random drawing Because I don't like to say this is the winner and then people say rob you that was uh, that was rigged They say of course it was So I just do a random drawing on twitter and there's a there's a There's a an app called twitter picker that I use and it just kind of just Verifies and spits it out Oh robin, how do you feel about the conspiracy theories regarding friends of the show gary? I got to say it wouldn't surprise me here. There was some master plot to set it to sweet crypto. So Not that I like to spread rumors But sometimes I do because let's be honest everybody likes a little a little rumor mill a little cheese may Why not so I'll just I'll play the game. So the game is that There was a report that gary genzler friend of the show watched the show all the time a little gary that he actually Sat down with uh, sam bakeman freed. He also Either his boss or his his compatriot or his coworker at mit was I believe it's either sam's dad or one of sam's Sam bakeman freeds relatives and then sam's mom was was a big donor to and an organizer For politicians mostly on the democratic side. I think maybe exclusively in the democratic side So what it looked like is that sam was just a patsy and he was set up to succeed So he could ultimately fail and bring everything down. I'm like I don't know sometimes. I just think that that's kind of an elaborate plan for For a lot of things to happen. Could it happen? Sure. Why not? Are aliens real? Sure. I don't know Uh, could this be a thing maybe but uh I can't change it and I can't verify it. All I can tell you is that these are the things that I can and can't change I can change how I diversify. I can change how I invest I can change how much research and uh things that I do To get my head right for the upcoming Prolonged bear market and recession those are the things that I can change things that I can't change is You know how we all got here and what actually happened really. I don't really care too much honestly I just uh put my head down and keep moving forward as best I can Let's see Human trafficking to the sale and auction of art is also real. That is true Um, I suppose it's also true for any type of commodity that you can possibly think of And can do I mean I believe that uh, some people have used crypto for at least activities Not that that's all it does but that makes a lot of sense also precious metals golden silver Uh, you know cartels use that as well and that also entails with human trafficking So I see your point. I guess Let's see No, I says as a member of the class 21 I got to say this the most excited I've been I got to tell you I got to tell you right now I think this is um I can't say it's a good time to be in here. It's an interesting time and uh, I think we have some more downside I do Just with the contagion because the things that we don't know it's that It's what we don't know is the one that really hurts what we think we know I mean possibly could be could be fine, but I mean, let's be honest If crypto hasn't crashed for everything that that's happened so far. I mean crash like bitcoin below 10k Uh, total market cap below 400 billion if it hasn't gone below that from all this that just happened Might not happen If it's contained to what we know right now and that's the thing Smart individuals will always say well, you know The bottom is in it's gonna be fine. We're gonna go sideways. Maybe go up and But then there's a lot of things that people just don't know And uh I think there's so many things that we don't know with this contagion and what it comes out to I mean, it's the same thing like when Celsius went down that anybody think that uh, you know, this would happen That it was all It was all interconnected and things were being uh It was just exchanges moving Crypto from one to the next to gain more yield aka the circle j Who knew That's why uh, I just diversify as best as I can Nick says nick How should we buy crypto for afraid to put limits on exchange especially now when could be a knife day and hour It's up to The question that I think you have to ask yourself is this the right time to buy for me Right because right now even if you bought bitcoin What are we at 17k? What's the say doesn't go to 13k or 12k? I don't think anything that we buy right now has a tremendous possibility of Fat huge gains. I think you have to be delusional to think That uh, this is just going to play off and have no problems So nick I got to ask you This is a good time for you to really buy or maybe it's an opportunity just to sit on your hands and do nothing for a while And just sit on cash That's that's my question back to you Yeah, the frogs I got to get out of here. Yeah, stupid cokey frogs Well james you should probably go check out james because I usually don't stream this late. I gotta Usually it's had to do a couple of things Should we had to go to the vet Gets uh, immunotherapy Everything's good now. And then of course the interviews and then had to do something with the real estate stuff And then of course and also one of the things that that's great about owning real estate Is that you're the boss? So if you're cleaning crew doesn't show up guess who's cleaning you are and that was me and me and the wife today went to Uh, the other condo down in condado and had to clean everything for the next group to come in from air bnb, but What are you gonna do? Let's see NATO could do nothing probably because of those missile launches. I assume I think we're coming to the crypto March 2024 i'm a free bird Puerto Rico here. I come very nice Thank you for showing up. Thanks for listening And thanks for not just going Rob doesn't know what he's talking about. I'm just gonna leave everything on exchanges I have gotten so many messages now about the ftx Ah, it's nice. It's nice to to hear You know because let's be honest. I warned you guys too late in celsius. I did I gave you nine hours heads up That's uh, unacceptable Voyager at least I gave you two weeks to figure that out right and then of course this one I gave you four months so I Walk up to the rob should I buy portion? Sam knew what he's doing. I believe he does it's you know Sam's not a dumb guy But sam got a little reckless And that's just it like I just don't understand like it's If you just do the right things at the right time with the right people You can have a prolonged massive business for and and just the a tremendous amount of time just do the same thing like With exchanges they were making a lot of money Just by the uh exchange fees whether that be 0.2 percent or something like coinbase one one point whatever it is 1.5 percent You're making a great amount of money But it just seems like it just becomes like a one-offsmanship like okay Well, you got yield that you know 0.5 percent. Well, I'll do 3 percent. You did 3 percent. I'll do 6 percent You do loans. Well, I'll do loans and only do half the collateral. Hell. I don't even do any the collateral They just would have if they just would have slowed down and then a lot of this stuff wouldn't have happened And here's the next question for everybody Where do you think we would be with the cpi numbers that just came out? Not too long ago and the fed coming out and going okay. We'll say in five basis points And then we see some earnings that are actually quite positive And then we see that uh this The the ppi came out with the numbers that are cooled Where do you think we'd be right now in crypto? Do you think we'd be over 20k for bitcoin? Do you think we'd all be over a trillion dollars right now if everything was kosher and we were good in all the exchanges? I think we'd be doing pretty damn good. I think all the people that did say that the bottom was in in june We're proud would probably would have been right Just saying I think let me know what you think in the comments. I could be wrong Colorado I feel good My voice is a little hoarse for some reason. I'm for sure why ever since that meetup I should have drank More I didn't really drink at all actually You're staying crypto. Ricardo says bonjour Rob Ellis will do this time will not be different when which means the 18 and a half year economic cycle is still in play What's your take on the cycle? So every time with the fourth turning then I Do not want to scare everybody so i'm just going to have everybody do a google search For economic cycle fourth turning like turn the key t u r n i n g and You can charge yourself silly By looking at that How do you deal with those frogs you get used to it? That's right and you know i'm in a You know a separate room And everything's closed off. You can still hear those things So paul's got a good question not a dumb question paul Would it be possible to have a hard wall that we could put usd on? And by bitcoins the wall directly not using stable There's a way to use that in ledger and depends on your region that you're at you can uh connect with I think it's called moon pay But the percentage I think is pretty high four percent. However, think of it this way Everybody was bitching and complaining about coinbase's high fees. They were saying fdx was so cheap Now that we're here Now that we're here who who That had their crypto on ftx would Then say oh, well, you know what the 1.5 percent a little bit too much I think everybody right now who was paying that 0.1 percent of whatever it was for the fees would gladly have paid the 1.5 2 3 4 percent Just to have their fund safe still just guessing so There's an option in ledger and depends on your region. You have to check that out Sam says what if crypto drops not that celcean voyager no longer have a balanced sheet hole So there's a problem with There's a big problem with voyager And we talked about this a couple of days ago. This was actually no It's on saturday when I had uh, I talked to simon dixon the voyager ucc Which is the group of lawyers and the people that kind of oversee the chapter 11 Uh for the investor committee They had a twitter spaces and one of the lawyers was talking to everybody and they said you don't understand And you can find this on simon dixon's Channel it's like two minutes long and he says you don't understand With voyager, they can't come back because a lot of things they were doing were illegal they didn't have Uh, the right certification the right titles the right licenses to operate in certain states So if they just came back or there was a kind of reorganization Each one of these states would just come right back at them and then you'd have just be attacked from all sides and uh, that was happening with Voyager it was happening with celceus and they just shrugged it off like it was no big deal like yeah, we'll get past it But there's a reason why You know like gemini can operate in new york. There's a reason why kraken Is is still around and reason why coinbase is still around the u.s. It's because They pay attention to regulators and go well, we want to play ball So we want to do all these steps of the hoops even when you guys give us junk guidance, but here we are so To answer your question People in voyager and celceus may get things back But it's i think i'm going to be more for like a liquidation, but again, i'm not a chapter I'm not a bankruptcy lawyer Obviously Probably saying the same thing when he when bitcoin gets to 5k nah At 5k i think i would say okay guys, maybe the bottom's in But i would still dca because i don't know Please like and subscribe James james m says companies don't seem eager to say how deep they were brescent would you That's like the kiss of death james and it's a good point you bring up, but i'm telling you if i was a company And i didn't want to have a run in the bank or my investors Or the people who capitalize my business or any kind of loan department. I wouldn't say a peep about ftx Like man, i hope nobody figures out this It just go from there So Yeah, they're not going to say anything. Why would they they get then it gets scrutinized and then that's it Let's see Richard Hart named the next big cryptidity that he he thought the contingent would take down But i forgot the company he was on crypto banter a day ago. Well, that's interesting I'll have to check that out Ah color equipment. Thank you for the super sticker. I appreciate it Jeff Finally caught a live one Without working at the construction site in florida ah, let's see dj mo's got a good point Tell me if this is wrong. This makes sense The rumor is exchanges with their own tokens are most likely to be insolvent due to the fact that they can manipulate their token prices Also, they can and you have to remember this is what ftx did It took the ftt token and use that as collateral even though they create out of thin air Which is essentially what the government does but it's the government. So what are you gonna do? so if you think about it like Okay, b. Okay x they have their own Uh crypto.com has their own Yeah, binance has their own but I mean people actually use binance claim for for actual, you know real on-chain stuff and then A couple other ones But yeah, I would You know, it's a funny thing. Everybody was calling for crypto.com to collapse Still here and the ceo just came out today and said hey Everybody who's talking about it and uh, I'll be uh running the bank. Well, we're still here and we're still solving So keep coming and I was like That's pretty good if they can come to this man. It's pretty good I still wouldn't but I would still say even if they do come to this. What do we say? Everything's a scam Don't invest money can lose Take everything off the exchange is nothing on exchanges Don't use leverage and take profits along the way. Those are the rules, right? Those are the rules the rules right there Hello, dan these rules right here. Ta-da-da-da. That's it. Where are we here? Not this one Ripple and charles. What's the issue there? No charles just ticked off that uh he talked about some Something with hinniman and and the conspiracy that was going on and just said that it wasn't a conspiracy Something like that. Don't quote me and then everybody blew up at uh charles hostage. I'm not for sure Kip chewie some dha chewie doesn't need that Let's see Chris bung chris brunjer White essential as exchanges have their own tokens Because it was a really easy way to print money. That's why Sbf sbf something afraid abuses by printing fct news against collateral Look, I thought it was not a bad idea until it went out of control Right. I always took a look at it as like like reward points, right? Like, uh You know use a credit card to get reward points for your flights or how many flights Miles that you use you get certain points you use on your credit card. So I thought okay. Well, if I have a certain token And uh, I get more of a yield Or I get less fees for all my Uh You know crypto transactions. Sure. I'll buy those points. That's essentially what I thought it was I thought I I I felt they had the most use Unfortunately, they started to use that as hey, we're going to take loans out against this We're going to collateralize this and it's going to be no big deal and it was a big deal Colorado gets a bed It's late Uh, what's next to What's next to crash? I thought it was crypto.com. Honestly, but I was wrong Still in the running Yeah, where's guitar playing it? Well, I remember it's very late what I'm doing here Oh, yeah, I watched robber in the voyager where I still had to learn the hardware. Yeah, it's the best way to learn Look, even even me I learned the hard way and I remember I was talking about, um Self custody I said, ah, you know, I give the example. Well, you got a Single mom three kids and two jobs kind of hard to learn this stuff And of course now that single mom with three kids and two jobs. She may have lost everything So I don't say that anymore. Now I just say look it's going to take you Probably 30 minutes to learn how to do it just go to dan teaches crypto The second module safety and it shows you exactly how to do it. There's like four videos. It's super simple Get up Did you see kevin allure on crypto banner saying he would still invest in a future sbf project? I'm gonna watch that if that's true that can't be true darth mic that cannot be true. That's that's got to be hearsay Are just ridiculousness One thing I will say is that uh for all these business experts You know mr. Wonderful kevin allure for as much due diligence and research that he probably did in his team They still didn't catch it And uh, stacy bonance had had their books for 24 hours and said nope This is nonsense Yes, cto larson does always have great content and Now he doesn't have great content. He does great videos themselves very uh artistically done I would say Uh and welcome service techs as a new member. Thank you Thoughts on erin's me a couple video day erin benett Or who i'm not sure you know what i'm talking about Oh, yeah, tom woehan said rob benett a great interview with mark yusko if you had a chance I was listening right now actually before I did this video and it was great There was uh, I did two videos on mark yusko one. I got it wrong and I was I messed this up, but mark yusko he is the Bridgewater capital or something like that And uh, I'm probably getting that wrong. We find it right make another mistake morgan crete capital excuse me And uh smart guy and I like him. Here he is mark yusko And there was two videos. I did one. I got wrong where mark was doing predictions About where bitcoin would be I thought I was talking about 2023 for some reason He said bitcoin get to 250k maybe 200k. I was like there's no way And then I had to go back and re listen to the video And he didn't he said no no no it's going to be 200k possibly in 2024 2025 I'm like, okay, that seems more recent realistic. He was on ben's channel You guys check it out. It's really good interview smart guy really has it's uh dialed in about what he's talking about And he talks about where we are and he now believes that the bottom is in he's like Well, I did call the bottom in june, but we didn't understand about the fraud thing and but I get where he's coming from on this one. I it was a great interview. So we definitely checked that one out 25k man work All there agreed Lori I calculated 20,005 December 21st. December 1st. I hope you're right December 1st 2025 maybe Sbf was indeed a muppet Question if ftx sold fake bitcoin, is that possible? No Would they show up in a block? No, doesn't work like that And that's the one way you would prove it's fake Like hey, it's interesting bitcoin. No, you didn't what's what's the hash? What's the transaction ID? You can go to you know any kind of bitcoin reader and it'll show you Rob do you have a hamster in the back? No, it's these stupid koki frogs Which that's it everybody Yeah, I'm gonna leave it with this. This is a great question future millionaire How did ftx get approved to take over voyager when they themselves were bankrupt? Did don't they have people for that? It's probably the same people that Took a look at 3ac's 3ac capital and said how much do you have for collateral? And oh, we have a billion dollars. Well, let me see it and it was a written out piece of paper I have one billion dollars. I think it was in crayon That's it for today. So look everybody. Thanks so much for sticking with me. I appreciate it's over an hour. So, uh, thank you Uh, I do appreciate all the things that you guys do But that's it for tonight So if like today's video or learn something give the thumbs up consider subscribing and that's it So thanks so much and I will see you guys on the next one. Have a great night. Adios