 Hello everybody welcome to the Tuesday livestream and what a day it is I have to tell you if you're here right now congratulations because this is Some of the tougher times to get through but I have to tell you I think it'll all be okay as time goes on so First of all, let's talk about the dumpage that is this crypto market And this just came out from Ash crypto craters since 2000 or traders since 2007 Grayscale has transferred other 17,000 bitcoin worth 663 million to Coinbase and that just popped off about a half an hour ago So expect more downside as we see a little bit of dumping now Of course, we can take a look at this and we can say this is the worst thing of all time Or this is one of those days where you have to just think yourself. What's the best thing for me? What do I want to do? Do I want to sell and get out because this is too much? For me to handle or do you think think yourself? You know what? It's kind of like going to Macy's and they have this massive sale 20 30 off Nobody ever runs away from that usually everybody's attracted to sales It's only in these markets where people look at this and go, you know what? I'm out I just can't take this type of thing and I think that's one of the problems that we have So I just have to tell you if you're here right now You're probably in a pretty good position Because you follow the rules and the rules were It's all gone if you didn't invest more than you could afford to lose You understand that everything's a scam you have to you have to make it prove it Until you go on you didn't leave everything on exchanges You learned how to use a cold storage device as things collapsed You didn't use leverage or maybe a little bit. I I'm I'm not averse to that And hopefully hopefully you've taken profits along the way if you follow these five simple rules We've laid out over the last two years or three years or so This is a pretty good day. So yes, we're going to see more dumping. That's just normal And how does the market respond? Yeah, not really much. The last hour bitcoin has not budged So it still had zero percent, but over 24 hours is down three and over seven days is about eight and a half percent If you are here And you've just got in and maybe you're from traditional finance and you were telling everybody about the bitcoin ETF was going to pop off Sorry, it doesn't work like that. It's uh, you have to put in the the blood sweat and tears Everybody who's been here the rusty bots the tesla thomas crypto golfer Revy crypto esquire all you guys spends chair nas You guys understand that's This is a a war of attrition and all you got to do is just stick around usually uh things work out okay So today unfortunately one of those red days and you can look at it one of two ways Like we always talk about this is awful and it's going to keep sliding which me personally. I hope it does Or you think to yourself, maybe I should get out because this is just too much for me I can't tell you what to do. I'm not a financial advisor. I'm not your dad. But uh, for me I'm just going to stick around Even my wife had to Send me a message this morning. She's like, hey, I'm down like 10 percent of my my coinbase account What should I do? I said, what did we talk about sweetheart? You got to keep buying this is where millionaires are made. We're not made in the bull run We're made in this non-stop War of attrition where everything's sliding down It's red days everybody's kind of scared because they don't know if it's going to keep going which I think it is You just keep going It's like Winston Churchill says when you're going through hell just keep going not that this is hell, but it is what it is so I just want to give everybody a reminder and everybody's going to pull out this tried and true chart this is uh from a friend of mine jonash and uh He put a reminder that hey remember that in the bull run not just in a bear market But in a bull run we have major pullbacks. This is from 2017 It's just like 20 and in 2016 going 2017 and the pullbacks are better And this was in the bull run and I and I like this I appreciate it, you know back in the day But I made a new one recently and this is one that I like to Like to roll out to remind everybody even in the bear market To get to where we are supposed to go and I think we're going to see some pretty great gains Because we're not going to get screwed over with all the different shenanigans that we're going on behind the scenes The three arrows capital the non-stop loans the Ponzi's that were The celsius the block flies and the voyagers and the ftx is that stuff is going to go away and it's going to shed us into hopefully A new greater bear or bull market, but look at this From january 1st 2021, which again in the four-year cycles 2021 is a pretty good year every four years We seem we tend to go on like these huge major run-ups and we're due for one Coming up in 2025 maybe 2024. Well, no But remember this even when things are going great You still get 25 drops and you go up 90 percent and they go down 22 And you go up third and 18 so on and so forth. Remember this one This was like towards the end of may in 2021 Everybody thought that was like the top. Actually, everybody thought the top was april Or no, no, no, excuse me People didn't think it was the top people just thought oh, we're going to keep going. It's going to be awesome We might have a little pullback and went 26 and we went to 18 and nobody saw this 65 drop Okay, I take that back. There's going to be somebody in the comment section Who's going to say I called it the whole time. I knew it was going to drop there I've timed it perfectly for you. Congratulations for the 99.99 percent of people who are watching this video You didn't see this coming. I was one of them But these are the things you have to be be aware of and it dropped 65 percent into august It went from over 60,000 Down to under 40k it was like 32k somewhere around there and then we rallied again We rallied up 43 24 until we hit The cycle all the time. I have roughly 67 68,000 correcting the comment section And that's just how volatile it is. So today if you're thinking yourself, man, it's a pretty awful day This is the this is just getting into the bull market. I still think we've got a lot of different ways to go So the question is what do you want to do? Is this the day to say, you know, what actually there's really three options The option one is you pull out and say, you know, that's good. I had a good run. Fantastic. I'm out here second option is You just say You know what I'm just going to sit on my hands and just see what happens And the third option is I'm going to keep buying me personally Because I have followed the rules. I've Not gone all yoloed in to these different cryptos I'm buying more today and as the price starts to slide down I use ben's website and in the cryptiverse, you know, those different risk levels, which there's a link to the description for a video about that I know the risk levels are Decreasing and when they decrease that means I actually buy more and that's where I'm at right now Again, this could be totally wrong. Everything can go to zero. Who knows this is investing But I think we got a lot of room to run. Anyhow, let me know what you think about all that in the comment section and then before I move on I just want to remind people that at some point, I mean we we talk about buying everybody talks about buying They love talking about it They'll tell you till they're blue in the face that you got to buy the dip bro and diamond hands, but you have to remember this This is a tweet I put out and I said just keep dumping on me. I don't care You can dump you can dump you can dump and I will keep buying your bags But you cannot cry and complain to me When the bull market comes and we are all offloading Our job or excuse me not our job. My job Is to invest To appreciate to take profits. That is it It is my job for as people dump and they take those creepers and say I don't want these anymore It's my job to say, you know what if you don't want those I will hold on to those And I will keep this market afloat as best as I possibly can. I'm just a little small guy But don't complain to me when I do videos and I talk about I'm selling today. I'm selling a lot today I'm selling a boatload today and there is a video in the description of all my videos Where I talk about when I will drop 80 of all my crypto, you're welcome to watch that because as soon as I do that I will step down from this channel Until the next bear market So just as a reminder, I don't want to hear anybody's crying So that takes care of that piece Next up And then we'll get into a Q&A is I made a mistake In which I do I make a lot of mistakes. You can ask my wife. She'll tell you But on our second channel Dan D gen Well, two things first of all If you got into the farcana Is a web three game It's uh, it's based out of uh, uab and it's got a lot of huge backing. Uh, it's uh, e-sport backing g2 one of the largest Gaming e-sport teams out there and they they teamed up with a uh, a studio 300 strong and they created farcana Which is a AAA rated game and they're giving the in the game It's a play to win and you win bitcoin and I just it was like a no-brainer So we talked about this two weeks ago The ido or initial dex offering was today And if you got in for the early rounds of our ido, you're pretty much up about 10 to 12 12x so congratulations. I just want to remind everybody that if you're up that much It would behoove you to take profits again Don't say uh, rob talked about this project and then it went up 10x and I couldn't I did then it went down and I Did make it that's that's I don't want to hear it So there's that piece and then on uh, another one we just did on ivon pay. This was my screw up. I I had a uh, the the tokenomics that I got that was incorrect the tokenomics I had for Seed round private One and private two Equaled up to 52 and the public round was 3.33 percent. I don't know if you can see that but that's what it is But that was incorrect. I'm sorry Uh, oops Let me go down here. Well at some point. Let's see No, no, no I get to look all that stuff I'll let me refresh this. Sorry Ah, here we go. So that was incorrect the new Uh, white paper the prior round is seven and a half percent private 6.8 Influence around four percent and public sale five percent. So just so everybody knows I got in this one in the influencer round. So I Well, it's about the same thing actually I actually have I only get 15 percent on token generation event and you guys get 30 percent. So, you know, whatever Anyhow, uh, that's what's going on with ivon pay again links in the description. You can check it out why I think it's going to do pretty well. It's essentially allowing merchants business to business and business to consumers To use up to 84 different crypto projects as payments and to give people massive discounts. So There is that piece and then lastly Before we get out of here little q&a. Um, there was this term I heard One of the groups I'm at it was called blue chip meme coin and I know it sounds ridiculous. There's plasma born on solana. There's it sounds and cryptos comma joe's pretty much right When we talk about these things about these meme coins and things like that people like why Why are we even getting into this? I have to make this crystal clear for everybody because I did a video on bonk About a month two months ago somewhere around there and I said bonk will be in the top 100 And this was like 176 it went all the way up to like 68. I think and now it's down again But just like how we have people in traditional finance and people will tell them Hey, you know, you might want to look into bitcoin and add this to like your portfolio. Maybe 1 to 2 percent. It's a gamble Bitcoin is a gamble It's not as stable as say like Gold or say the s and p 500 we got that but maybe you want to take a look at that For me when we talk about meme coins, just want to make everybody just clear is that these are also enormous gambles But for me like moving forward like I just look at this. I'm like because I put bonk It was like 0.5 of my portfolio and I made some outrageous gains on there. They don't do anything There is nothing like I mean the community people talk about the community whatever else but When we when we see these things and if I talk about these things it's just because these are just gambling plays I actually had dog with hat I made a little bit of a problem not as much and then there's the this one called my row Sam like pop cat. I don't know there's an antelos. I think james even talked about this one. It's crazy these are all solana Uh meme coins and I just think that it's interesting that like as far as like market cap Like bonk has 629 million Dog of hat 260 and this one called my row Has 163 million I might get into some of these but again, if you do just be aware that uh, they're pretty much worthless and uh, They're just for for funsies and gambling. So let me just think about that in the comments and then and then Again, I just want to tell everybody about what's uh coming up. So I've been kind of a little frantic busy We just had a I just had an interview Recently with ed shang. He is the director of web 3 gaming over at avalanche and it was a great interview I'm going to put that out. Hopefully this week and there's a lot of good things coming up So I'll release that also yesterday I had an interview with ilia who is the founder of near protocol And some of the things he was talking about about what they're doing It just makes me extremely bullish on near as well So I got to get those two out and then this morning I had an interview with the folks over at token site, which is an aggro a dex aggregator The things you can do with this. I mean, it's pretty amazing. I mean limit orders buy sell I mean, these are things that you can do in some decks as well. I got at orca And uh, jupy, we can do these things but tokens not be snikey snipe sniping copy trading this thing called dex listing And confluence I think is a real game changer and then also they have like these custody wallets That you can do and you can use your own biometrics to create one. It's pretty cool I I'll I'll get the video out as soon as I can and then Also what I plan to do is Because let's be honest like some of this trading and just getting into it It makes us a little bit frazzled even me sometimes So I want to do something a little light and fun and if you follow me over on x I just ask everybody if they could do me a favor and post their best crypto memes Of the week and I'm going to do a show exclusively on x that just deals with memes Just to talk and I got to tell you something's are really funny like this one's good Five let's see the internet of money should not cost five cents per transaction. It's kind of absurd. That was the teleputer in 2014 That's hilarious I shouldn't show that one Anyhow, I can only show these things on x so uh when we do the show I'll let everybody know but It looks pretty good. And then also I need to dig into uh Jesus Martinez just put a tweet out great kid great smart guy uh really on top of everything with web 3 and go gala games just Let's see. I was kicked out of the gala's creator program I created a video showing my commitment to the gala community and I'm going to keep with that But with or without gala's game support I'll make sure that my community gets the information you need to continue to come and I'll figure this out But I just want to say that I think it's a shame that somebody like Jesus who works so hard and does all these different great videos about web 3 and you know, you know making Making great content and honest content that uh for some reason go gala didn't like something and kicked him out It is what it is I got to figure that out why that happened And then lastly if you're so inclined it is uh in about 30 minutes or so I'm going to be over on uh sin city crypto And we're going to talk about I guess solana and we're going to do some portfolio reviews So that'll be in right around 30 minutes, but that's it for this side of the show If you want to jump over there, there's a link in the description Follow me over to sin city. I'll answer more questions And we'll talk about solana and we'll do like a little portfolio reviews and stuff like that But that's it for today. So look If you like today's video, give it a thumbs up consider subscribing And then we talk about is extremely time sensitive things are going to really accelerate Moving into the having we've only got 91 days to go correcting the comments And when that happens, it's going to be fireworks, but it's going to be very very volatile and we'll talk about why but That's it for today. Thanks so much for stopping by. I appreciate you