 Great welcome everybody to Dan teaches Excuse me digital asset news take his top stores in crypto. We're on a bite-sized piece So today there's so much information that's going on out there Let's just jump right in so first one take a look at the markets Then we'll talk about a little teeter-totter action and then just like the thumbnail and title suggests we're gonna take a look at Bitcoin hash ribbons and some other indicators that I think you might want to add into your arsenal of taking a look of where the market is Going and all these indicators are 100% free we'll take a look at the Cardano testnet for the Basel upgrade and To me I know people in talking about how how awful these things are to me. I'm like this is great news It pretty much did its job. Then we'll take a look at world mobile token and how they are potentially working together with Elon Musk's Starlink and then finally we'll take a look at some good news, which is Simon Dixon is on the job for Celsius and Voyager as he meets with the president of El Salvador and Take it a look at some different options and then after that we'll do a little Q&A. So first of all, thanks everybody for joining us Saturday Yesterday was a difficult Long day for me. So I had a lot of different things going on Just couldn't make a couldn't make a stream But we are here right now and off we go. So first things first Let's take a look at the markets and see where at and yesterday I was so busy. I didn't even check the markets till later in the day. I'm like, wow What a what a pullback some might call some might say it's a crash Some might say it's just a correction. Some might say it's a pullback. It is what it is and the market's down That's just let's just say that's exactly what's going on Bitcoin is down 13% for the week quite a bit and Not to be outdone. The theorem is like hold my beer. I'll go down 17% That's how there's nobody out of a deal. Buoyant's coin 12% 10% 60% Wow 21% for Solana. That's the real hold my beer type of thing. Wow 21% for the week pretty crazy And that's what's going on and there was a slew of videos yesterday about why the market dumped and what's going on Frankly, I don't really care It's just these are just pullbacks. These are normal If you're a day trader, you know, this is like an opportunity to make a bunch of money or lose a bunch of money I'm not that guy. I'm just an investor. So for me, I'm just like great the only thing that changed for me was that when my dollar-cost averaging notifications went off just Went off without a hitch and they were automatic and I bought some pretty cheap Bitcoin, Ethereum and a bunch of other alts that were extremely cheap. So I was like, it's a great day So that's what's going on the market And then as we see as we take a look at the market, you can tell that, you know Really what you want to do and why I call this the teeter-totter method is you want to as As something goes down, you want another part of your portfolio to go up So like if the housing market goes down because we invest into real estate me and the wife You know, maybe you want your your crypto to go up or if your crypto goes down Maybe you want the housing market to go up and vice versa. Now me personally I've got a bunch of different Scenarios or different parts of my portfolio land property Amazon business staking stable coins I trust capital but the one that you know, I've been using kind of use more of his masterworks, which is Investing into fractionalized shares of fine art. I got two. I got a Banksy and a basket not Perfect I own all of them. I'm just owning fractionalized shares and I just got this email not too long ago This is on July 15th and the the basket that I that I own or shares of it I'm up 40% for the year So I'm like, well, it's not a big deal to me and I got to tell you masterworks has a pretty good job as far as like The annualized returns. Here's the bank sees all the way to different Honestly different art pieces. I have no idea what they are because I'm not I'm not a person who really gets into art I'm just an investor, but just so you know over the last year or so masterworks is outperformed crypto in some parts and Russell Nasdaq and S&P 500. So just keep that in mind. Also, it is registered with the SEC because these are securities and I got to tell you it's pretty it's like a piece of mind knowing that it's pretty sure with the SEC So they can't come down for owning unregistered securities So if you're looking for to take a deeper look in that I did a deep dive and links in the description So that's what's going on as far as the markets and teeter-totter. Let's jump into It's not the top story, but it's just something that caught my attention today and there's a website Again, there's a link in the description It's just looking at Bitcoin or you can just find a guy by just typing a look into Bitcoin calm And it's a hundred percent free website, but I sign up for these notifications just because frankly, I'm lazy and I like to have notifications coming because there's so much going on and You know, I I forget more than I remember these days So like these are nice to have these reminders. You don't have to just go to look at a Bitcoin You can find all these indicators, but there was actually there was four Hash ribbons there was the rainbow price rather indicator MVRV and realized price And it just kind of shows you, you know, kind of where we're going and I I'd never have seen this one before I thought it was pretty cool hash ribbons indicator. First of all What the heck is that? hash ribbons indicator Tries to identify periods where Bitcoin miners are in distress and may be capitulating There can be periods after the price of Bitcoin rallied and then pulls back that some miners struggle To financially continue in the short term when this happens They turn off their mining rigs, which makes sense, right? If you can't sell for a good amount of money and your electricity costs are going up, especially I've heard some pretty scary stories Western Europe Australia Canada, I mean even here in Texas Electricity is going up. I mean an amazing amount So this might be an opportunity because not all the the miners can turn it and turn it on So when miners give up it is possibly the most powerful Bitcoin buy signal ever I will that's debatable, but it sounds good This indicator does not try to time the perfect bottom in price And I think that's a big thing because no one really can time it perfectly, but if we take a look at the indicator Right now. I mean just going back like if you want to July 4th Here's that here. I'll just show you what it is the hash rate 30 day moving average hash rate 60 It's like the purple and blue when this starts to starts to go down It's because the price is going down obviously, right? And it'll go down until Well, the miners can turn everything back on if you would have timed this pretty well You could have bought it at 35,000 wrote it all the way up to gosh Where are we all the way up here? Jeez Louise? 65,000 40,000 and then gotten out actually 57,000 because at some point There's there comes a point where it's like it's just too much and then people or the miners They have a little bit of money left over and they'll keep it going But as you can see right here, we took a pretty big drop Down because the price has gone down So maybe this might be an indicator as it turns down that it's a it's a buy signal But you can't just use one. That's why I like other things like this rainbow price chart indicator It'll tell you like wins a buy and it's very simple. It's colors Takes moving averages and things like that and it just it goes from fire sale to buy to accumulate all the way up to maximum bubble in the red and right now we we Went down into the fire sale category, which is like the bigger buy Signal bet you can have now. Does that mean it can't go lower? No, it can go lower Like it's done that before here's what here's is it is at 19,000 310 And of course right now it's at 20,000 931. So I mean you could go to I don't know 1716 15 But for me, I just feel like well, this is a good time to buy as opposed to like, you know When it's going up into this red area, that's not a good idea for me to buy at that point Even though you could have got 13,000 depends on your height your your Your time frame also the MV RV score again very simple when it gets into the pinkish Maybe it's a good idea to sell in the green. It's even a negative. So this might be a good buy signal and the realized value And you can just tell once it goes Below these averages, which it is now 21,000 20,000 could be a pretty good idea to take a look at and buy and again for me I Don't Trade I don't go back and forth I just accumulate and then once things start to get overheated then I start to think about selling But that's what we got and just something to you can add into your your repertoire of things that you want to look at But the link is in the description. You can check those out So let me know you think about those and let's let's jump into some I don't know how you would classify this as News or not news or good news or bad news. This is from Charles Charles Hoskinson from Grano foundation and there's been some different videos and different I mean, let's just be honest There's been different publications that have called this an outright. They say I think it's like they said it was a catastrophic disaster or something like that and Charles He comes on and does his AMA as he usually does and it was just odd that this one was a little bit more perturbed than usual but it is what it is and As I'm listening to all these different sides about, you know, the test net being a failure and They and they had to move forward and the different upgrades had to be pushed back a little bit I just started to think about it very simply I'm like, isn't that the job of the test net just to find out all the screw-ups and then go, okay Well, that didn't work. Let's let's move forward and then that didn't work Let's move forward and I'm like is that's what it's supposed to do, right? Am I wrong here? I mean, that's the whole point of the test net. So I look at this like people say, well, it's a catastrophic failure I mean, it's that's what it's supposed to be done. So it looks like as opposed and I think I'll link this in the description as opposed to the failure they are moving forward and then just so everybody knows for us for the screw on here We have our own stake pool the D news stake pool and I talked to the guys about it and they're like, yeah We're not we're moving into that direction right now But we haven't upgraded yet because we were waiting for these things to bounce around So I found it interesting that I think this is how decentralization is supposed to work thinking is that What a crown of foundation does is they have open dialogue with the node operators Are the SPOs and those guys and gals say, okay This looks pretty safe or we want some more testing and then they have some more testing And then they figured all the bugs and they move forward and they all have to over 75% have to agree to move forward So right now we're just looking at all the SPOs and what they're saying and looks like we're Starting to move forward with this but I just thought I'm like, well, that's pretty much how it is So I know, you know, we'll come out and say well Cardano is very slow and this and that I don't really care because after I see all all the hacks and the shutdowns and the bridges and the issues I just saw read an article that over $2 billion worth of hacks have been done on on bridges and among other D5 projects. I'm like Well, if that's the case then maybe we should move a little bit slower I know some people don't like that, but it's a safer option and I got time. So anyhow, I think this is a good news For Cardano moving forward. Let me know just think about in the comment section. I just don't see See a problem here Maybe I'm wrong and then speaking of Cardano. This will move me to my next one, which I probably should have let let off with this story Cardano Foundation has a as a project built on it called a world mobile token and we have done a couple of different videos on those You can find those in YouTube somewhere Depends on the algorithm if it shows up on your feet or not or you just go to Dan teaches crypto It's a hundred percent free and I keep everything in here And there's no ads when you want to watch all these project reviews and things like that But this was the first one we did with that was me and Mickey walk-ins talked about world mobile About 24 minutes to deep dive into what it actually is then we just did one about a week or so But for for the updates and it was pretty interesting and Mickey had talked about that they have the world mobile token scan Out WMT scan comm again links in the description and you can just see that this is an actual real working project product where they're bringing connectivity to people in Zanzibar Zanzibar South and Central and the African countries and And I mean things are moving along that's all I can I can say it's Which is a lot better than I think some of these projects that that say they're gonna do things and they don't have it Working product yet. So anyhow, this is actually up and running They've got almost a thousand gigabytes of network consumption the last 24 hours They have 7,000 users looking to scale things are moving along and there was this piece They put out called a deployment diary and this was just on August 19. I think the days of time this is yesterday and somebody brought it to my attention Rickle Dickle Pickle something or other on YouTube. Thank you and It said this team updates August 2022 and I reach out to Mickey and since he's in Spain I don't know what time it is over in Spain, but he said there's some Somebody with it with the teams like I'll let Mickey talk to you about that. What's going on But promotional it says your promotional video eminence on the world mobile working together with Starlink I'm like that's pretty interesting because when we did this video Me and Mickey with this world mobile token update a lot of people are asking the same question Which was hey, isn't this exactly what Starlink's doing? This is what Starlink's doing like well, yeah Kinda, I mean it is it's but it's mostly about giving Internet to the masses who cannot get an internet service, but like if you go to Starlink Let me just do this like let's see I don't know. This is like when it's whatever Leakings to California if you take a look at the price and you want to order it You're looking at the hardware 600 bucks shipping handling is 50 taxes 56 The service is 110 a month and it's nine I bucks do today. So I mean that's just in California I don't know how much it would cost in different areas Let me see if they have it Yeah And Chihuahua, well, let's just see Chihuahua, Mexico. I wonder how much that would be I don't know. There was a Chihuahua sands a bartender. Well, nice It's in pesos. Well, it's usually about dance a lot of money still 14,000. Okay. So that's how much we know So like when they're talking about like well, how does it work out with with Starlink and World mobile. Well, the thing is is that with these two Like world mobile isn't charging that much because it's they're in African countries and they're trying to bring this to the masses And that's why they pardon up with the Cardinals So I'll let you all know once I hear about it and once Mickey gets back to me But that's what we got and that's it's an interesting concept that they're actually going to work together. So again I know we had talked about this project over a year ago. And of course it was a little bit slow Took a little bit of time, but if this is true That's the whole thing about being an investor sometimes you just have to plant those seeds and then water them before it actually There's any kind of crop and then harvest later. So just takes time. That's about it And yeah, that's what the let me just think about that in comments and then let's talk about some good news some good news I think and it's friend of the show Simon Dixon from Bank of the Future and he met with President a well clearly from El Salvador and he just says Me myself and the president's on the team are cooking up a number of recovery plans in El Salvador for global distress Bitcoin lending companies Can be an amazing opportunity for all affected when you have the perfect leadership laws and Bitcoin So I don't know if it's like someone says is this going to be Celsius going to be bought out by El Salvador or something like that. Usually that's not what they're talking about Usually what's what what they did before was they had some some certain Economic incentives for people to to invest into these distress companies and it's a little bit more riskier But then over time again one two three years then of course you're able to Reap those reward that you're doing so I wonder if they're working together with El Salvador Because I know that Celsius is also doing Bitcoin mining. They just got the approval to Use those Bitcoin miners and sell the Bitcoin that they that they mine to pay back the depositors So we'll see how it happens, but I think that's a step in the right direction And I got to tell you if there's anybody that's really working To move this along especially for people who got screwed over by Celsius myself included I like to see these types of things and hopefully it's equals out of something. That's a lot more positive So that's a good thing and then lastly I just want to bring like a PSA to everybody I had talked about this project's gosh over a year ago Shopping.io and I don't know if you own it probably the majority of you do not But just so you know, they're gonna do a token migration and they're gonna go from SPI And GS PI which is our governance token and now it's gonna be called shop and Just so you know if you own any shop IO or SPI or GS PI the snapshot will be on September 9th Prior to the snapshot and distribution of the new token shop all liquidity will be pulled from GS PI supported exchanges With the delisting so if you have on exchanges You can't have it there because it'll be delisted and you'll lose pretty much everything you invested into as far as SPI and GS PI. I hate these types of things. I despise them. This is what I got into some Some project I forgot what I was called zero exchange and of course I didn't keep up with that. I lost like Good five figures Mid five figures because I didn't pay attention because they did some kind of Stupid token Migration stump another I'm gonna let you know in case you know this so Shops distribution will form will occur in the form of an airdrop directly to web three wallets So this is the breakdown 90% of holders of SPI and GS PI 7% shop verse 3% Liquities essentialize exchange or dexes and the initial supply of shop will be a hundred million. I'll get to that a second Token holder requirements to receive the new token Here's what you got to have you can't have an exchanges if you have it in a web three wall like metamask or trusts If you got it's currently staked as far as G and SPI If you've got on a hardware wallet or a core or a cold wallet, you're good But if you have it on any exchanges or you have any kind of staking rewards you have to pull those CC tip wall I don't know what the heck that is and then the shopping dot IO tip bot I guess if The 0.01% of you that have that just know that you won't get the new token So if you're on exchanges put into a web three wallet or a cold wall or something like that and then lastly One of the big Perks I felt for this one was I mean they're working with Amazon They're working with Walmart and you can get discounts and the things that you buy online And that was pretty cool But the big thing was to me was the circulating supply and the circulating supply of this token It was a whopping one million That's it That was it. It was a one million token supply and I'm like that sounds pretty good. It's not like 20,000 bajillion tokens, so I was like, well, there's a little bit scarcely that I like that and now there's gonna be a hundred million I'm sure there's a reason for that I'm gonna get into it. So that's what's going on. So anyhow, that's what's going on little PSA for everybody So in case they're like, maybe I should take my my shopping IO tokens if you haven't got everyone already That's what's going on. So that's it. That's it for today. So look If like this video give it a thumbs up consider subscribing all that good stuff now We'll go into my favorite part, which is the Q&A. I'll answer all your questions the best my abilities as we go If you got to get out of here get out of here Saturday go into other day. I appreciate you stopping by So let's jump into pa pa pa the Q&A