 And I think we should be live. Welcome everybody to DC a where every week We take some of the top creators in crypto and digital asset space and bring them together to try to figure out Just exactly what is going on with the market and today is a pretty good day to bring together some some pretty smart guys So first of all, I've got James from invest answers James. How are you doing today? Excellent. Well, it's a stressful day. It's a great day to be here with everybody, but There's a lot to talk about Yeah, I'm really curious because I know you got your your Your finger on the pulse of what's going on with traditional equities So I can't wait to see what you have to say because I think that market's going down just a little bit and then also We've got to our immediate left Ben from into the cryptoverse Ben thanks for stopping by how you're doing Pretty good. Yeah, thanks for having me always excited to come talk about crypto Yeah, right And then if you don't know there is a link in the description for into the cryptoverse also for invest answers And we should be set so before we can keep going. I should probably ask the question Are we doing okay as far as audio and visual anybody have any problems? Let me take a look at the comments to make sure we're good. All good Fantastico. So here's what we got everybody We've got a couple of questions. We're going to go down the list. So first up We're going to go about is this Down or December or is bitcoin going to meet or exceed some expectations? Also, we're going to talk about the alt performance and we're going to break it down by categories Now this is only a one hour show and we'll try to keep that within the time frame But if we take a look at the categories, maybe we can get to where things could potentially go as far as ups and downs We're also going to take a look at the macro take a look at taxes and profits at CEOs and insiders sell-off end From what I understand that james just told me behind the scenes There's some fireworks going on which makes it a real ass show for traditional markets And then next to last if we go into a full crypto winner How do you guys play stablecoins cash new assets dca and then finally What new projects are you interested in and why? So that is the criteria first I would like to start with ben And because ben i've been watching your your channel now for quite a quite a bit of time And you were the first person to talk about these lengthening cycles So I think you are the one I'd like to talk to first about this december What do you see what's going on? Is it going to be 150k 130k or everything just? lengthens out I don't think we're going to go to 130k This month, but and I I don't think we're going to go to 100k this month either But I do think we're in route to 100k It's just going to take us longer to get there than I think a lot of people are generally anticipating And that's not really I mean, it's not really a bad thing. I don't think I mean a lot of this this market cycle I think is a lot of it's fueled by I mean, there's obviously institutions, but people are staking right? There's defi It's a good thing if the cycle just continues on and and we don't get a pair about like blow off top immediately And I honestly think that'd be the best thing for the space So no, I don't I don't foresee a 100k bitcoin this month But I do think it's coming in in 2022 and I mean, I think the chart the the charts on the screen here And there's sort of just a brief outline of of the idea of lengthening cycles This is actually the entire asset class not just bitcoin. It looks like just bitcoin Because bitcoin makes up a lot of it, but Yeah, I think we have I think we have actually quite a ways to go and and right now we're sort of grinding it out at some of these lower prices Hopefully, hopefully we'll look back at the end of 2021 and and see it as kind of setting ourselves up For for the second leg, you know of the cycle, but I I think we have a lot to prove right now And and that's what we're doing. Um, so now probably not 100k bitcoin this month not 150k Um, I should say if that if that does happen, I'll I'll probably be exiting If it happens this month, but other than that, I think the market looks relatively healthy and We're just slowly trending higher Gotcha, and then james, I so how do you see things going? Lengthening cycles. Do you think we're gonna have a downer of a december or do you think it's going to be just business as usual? Uh interesting question, and I'm actually extremely distracted right now because there's so much going on And I might do a couple of live trades while we're here because now we're just just just to digress a little bit This is the time where the capitulation happens And then the buyers come in for the last 30 minutes of the Stock market being open. So about 25 minutes from now. We could be at the bottom So I'm currently short a bunch of positions. I'm short sofi trade desk coin base tesla massive short position in tesla Paypal, aluina Next era and a bunch of others so I might cover some of the shorts and go long Things like microstructure are super super weak right now now in terms of where I believe we are going If you look historically of all the months of december from the beginning of time You know 2011 50 percent gain 70 percent gain 2012 5 13 minus 18 14 minus 16 15 20 percent 16 etc etc the average return for december 19.22 percent And I think it will be a good december right now We are being hit with a snowstorm of crap all at the same time Literally the the list is endless and we can talk more about that as we drill into it But in terms of how my bitcoin is going to say my strategy is holding up. It's actually relatively strong considering other assets So um All in all, I'm kind of happy. I wish things like selana were a bit cheaper Uh an ethereum like if you if you look if you just look back five days, you know ethereum is at five four thousand dollars Now it's a 4200 and the bottom is falling out of other markets So it's uh, it's very good to see the relative strength of the crypto market right now Yeah, that's crazy So what if you're just coming in you don't really pay too much attention to the traditional markets You kind of might want to do that just a little bit because if we take a look at what's going on right now I mean this is what we got for s and p 500 nasdaq 100 dowl russell a us dollar index Whatever and even the bitcoin index down uh much much ado So we'll get into that a little bit later But it looks like there are is uh blood in the streets and I think we know what happens When there's blood in the streets sometimes good idea to buy the dip. All right So on top of that so we kind of know where things are We see where things are going. Let's talk about just real quick if We don't think that bitcoin's gonna hit 150k or even 100k right now because of what's going on It could it's a it's one of those markets Here's the next question then if bitcoin doesn't go up Can alts decouple and start to outperform bitcoin and do some really great things and we're and Not just alts in general, but as far as like Different categories if we take a look at smart contracts defi gaming meta those other things Which ones could outperform or are they all going to fall flat and then james since you were just talking i'll i'll Pick it up with you Yeah, well what I see happening is you're seeing a bifurcation in the market. I think investors are getting smarter the ghost chains the fake crypto the garbage Crypto investors are getting more educated and I'm seeing them just getting weaker and weaker over time Especially over the last three months I'm not going to mention any names because I don't have to deal with that crap But you can see the money is really beginning to flow into the stronger assets in a big way and even if you look at Like I tend to focus very heavily on smart contract platforms layer one some layer twos and It's just interesting to see the shake out there You know when you analyze things like tokenomics and fundamentals and growth rates and tv l of some of these chains They didn't deserve to be where they were and other markets waking up to that And the market has been to recognize the stronger players So I think that's very healthy for the market too What's the uh, what's the uh warm buffet phrase when the uh tide rushes out you see who's Who's not wearing any pants or whatever So I don't like that That could be it Yeah, and that's going to continue. I think as well because well, there's there's a weird weird scenario I see and I'd love your guys take on this There's so much value in some of the cryptos like 95 percent of them are worthless in my opinion maybe 99 But 5 really have tremendous use cases But I think they are weak now because the whole metaverse NFT world is like the black hole that's sucking everything in And if it wasn't for the metaverse These uh some they are too is like polygon and chain link and other names would be doing a lot better Interesting what you guys think of that theory Yeah, I'll throw it to ben first and I'll answer Yeah, I mean, I think it's a first answer the question You know, can these other projects run if bitcoin's not I think the answer is yes as long as we stay above certain levels You know, I historically I mean, I follow something I call like the the bull market support ban and it's basically just the 20 week estimated 21 week EMA And and I can try to maybe I can try to show it on the screen, but basically the general idea is If Can you guys see that if we're if we're essentially above these levels then historically Coins can run against bitcoin You know if you if you go back and look every time bitcoin has a weekly close below that 20 week SMA If you if you always trade it i'm not i'm not going to i'm not telling people what to do but um Every single time the bitcoin had a weekly close below the 20 week SMA Ethereum has always underperformed bitcoin from that close until bitcoin got back above the 20 week moving average Like every single time in history and then the reverse is also true except for one time So every time bitcoin is above its 20 week moving average until it gets back below it a theorem outperformed bitcoin Um except for one time in history and that one time was back in 2019 when we saw bitcoin run and kind of you know Most of the market I got left behind so to answer your question. Yeah, I think that as long as bitcoin is sort of staying above 52 k 53 k Uh, we could still see a lot of projects run and we've seen a lot of strength by a theorem recently Uh, and I think that that could certainly continue as long as is bitcoin If it just kind of goes sideways above the above these these levels then and and we're seeing that today I mean like right luna's running right luna's been running recently matic that that one's been running I think matic's a great project. Um I mean even card on I had a push recently, you know with with uh With the with some of the announcements there with sunday swap So yeah, I do think a lot of these projects can still do well As long as bitcoin holds the line, right? If we go below if we go below those levels Then I it's going to be similar to to may and june and july when Most projects aren't going to be doing anything but bleeding against bitcoin Now, I know there's some there's some everyone has a pet project, right that outperforms bitcoin at all phases But most of the asset class as a whole would not do well against bitcoin if bitcoin goes below Uh, you know this level here. So that's what I'm watching really closely and you can see we're actually at those We're approaching those levels Right now, but I I just just take a couple more seconds because I know that I I'm kind of going along on this question But um, no, no, no One of the things I like to look at is the is the short term bubble risk on on bitcoin And what I'm looking at and I'm hoping I I do hope we hold the line Uh, one of the things you can note is that anytime bitcoin gets super extended from that 20 week moving average We typically fail to hold the line because we're just too far gone We we've we've gone up too far. We can't hold it as support But if you remember in 2017, we held the line every single time for you know A lot a lot. I mean this this went on for over a year where we kept holding the line And you'll also notice that during that time we never got that far extended from the 20 week moving average Which is somewhat similar to today, right? It's somewhat similar to today And so, you know, I I can't say for sure that we're going to hold it But I would say that I I think the risk on it right now Is not nearly as high as it was back in mid-may when we were, you know We went 100 above the 20 week moving average. We came back down to it. We hadn't tested it in like seven or eight months um So, I mean, I I am fairly optimistic over the next, uh, the three to six months especially on on A lot of all coins assuming bitcoin holds the line Yeah, well, I got to tell you I was I was uh, I was hopeful that we're going to see like I called fireworks After september we did pretty good in october everything was just fine november Kind of fell a little floppy. I'm like, well, we're going to december. We should see some pretty good things But then when we get to the next question About the macro events you're going to see kind of why everything happens And then if you just take a look at all this stuff, I mean we'd like everything to do decouple Uh from from, you know the traditional markets And we'd like things to decouple like some different assets from bitcoin that would be great But we still kind of see how things just are not doing that and bitcoin continues to be That one piece that kind of holds everything together and for it Fortunately or unfortunately and that's that's how it is and then even like when I take a look at the narrative kind of about Metaverse and uh play to earn games I mean even today they took a big shellacking and look even the uh, darling which is axi infinity in last hour 2.6 percent 4 percent for 24 hours 15 percent for gala wax 8 percent and sandbox 5.5 Decentraline 10.2 So I mean we take a look at these things we'd like them to be the way they are It's just not true right now. We'll see how things bounce back or not But that leads me to the next question, which I think is a bigger one before you jump Can I show a quick chart? I'd like your guys take on another version of how bitcoin looks today So let me try to share my screen All right, give me one second This ought to be good Yeah, so this is uh, let me know if you guys see it Right now Can you see my screen? Not yet. I've got you Let me remove my screen No, not yet. Can you click on either the windows or the tab itself? Ah, there it is. Got it. Okay All right, we're gonna see ourselves. So this Can you see it now not yet Weird Why would this because I'll see it when it comes up? Yeah Slides let me see No slides. Hold on a second. Come on. I've done this before. It's always worked fine Chrome tab see if that's maybe of technology See it now and now we do Okay, so This one is kind of where I see bitcoin. This is the weekly chart And Ben's feedback on this too, but there's two critical levels of support We're right at that 0.5 fib level of 54.4 k Anyway, we saw it the max pain was like 55 to 54 k. It's like kind of in the middle right now Yeah, just per this and then the point 60 is at 51 k I think that is probably as far as we could go now. These are the two support levels that I see Wonder what you guys think of those on the weekly Well, I'm gonna refer that uh, not to me because I'm not the big ta guy here Ben, what do you got? Um Yeah, I mean I I think 51 k is still completely possible I mean, you know the the 20 weeks at 52 the 21 week e-mails at 53 Um Even if I mean even if we go to 51 k as long as it's a wick We can still close above the 20 week and even even if it is a close below it You know, we saw we saw an example of that back in 2013 Where we closed below it, but as long as we got right back above it the following week. We were still fine Um, so yeah, I think you know, I look at this and I say yeah like 51 54 k does seem does seem pretty reasonable As as a potential bounce and there's a lot of confluence around there as well I mean, there's also the the 100 day moving average is at 50 54.5 k, which is where we bounced off back in You know the last low we had back in september. We had a double bounce off the 100 day which we're currently below um and um Yeah, I mean I look I can always it can always go below that of course if there's some black swan events But I think if we want the if we want the integrity of the bull market here in the short term to remain intact Certainly, we'd like to stay above 50, you know 50 k 52 k Those levels Yeah, just as we're talking just took a huge break down too. So Yeah, I know I'm watching I'm watching it right now. So that's what I'm saying like, I mean The 50 week is where we also bounced back in july. So I mean that one's up at like what 47 now um so Yeah, I mean I I think that the market a lot of people have really high expectations in the short term because it's q4 of 2021 and everyone's been promised parabolic rallies in q4 of 2021 But I kind of I kind of see 2021 is a long We've just gone sideways more or less for the entirety. I mean 30 k to 60 k is where we've been the entire year Yeah, it's amazing. We're doing this live because I did say 12 30 is the capitulation time Typically for the stock market stuff too. So it looks like it might be happening, but we should see money coming in 10 minutes maybe Yeah, so stick around. I think you're gonna like this and you know what like when we're talking about these these things as far as like Where bitcoin's going and and the different price history when I was I was just doing some research for a video for tomorrow that I was gonna do and I I don't remember it like this. Maybe my memory is failing But when we remember like I remember in 2017, this is the bitcoin chart from 2017 from december 1st To january 29 2018. I just kind of remember everything just going up I mean maybe it's because I was in in the grip of fomo and I was just kind of getting into this this this whole space But I want everybody to remember this when they think about 2017 and how great it was it was great It was awesome But take a look at these peaks and valleys and how Turbulent it actually was during that whole time and now we're seeing the same thing happen again And that was the last major parabolic bull run That's all I just a little snippet to to keep everybody happy as far as like Hey, why isn't bitcoin at a million dollars yet? So I'd like to speak to a manager. All right, so that would lead us then To the next question, which I think this is the bigger thing that's happening the macro event So we're taking a look at uh, you know We're getting around that time for people have to want to sell off as far as like taxes CEOs and insiders taking profit James you would talk about some different also the the variant the omicron Housing situations. Tell us what you've got someone to direct this question to you first and then ben second What do we got here? Well, we're being hit hard today We've been hit hard since omie last week and I cover that a number of times in my videos It's always something that we have to keep an eye on when we're investing in trading I know people think why macro just folks and crypto, but everything impacts everything everything is interconnected So the big news today obviously the Dow is falling The november job report had a huge miss. They were expecting I think 520,000 new jobs. They only had 200,000 That's a big big miss So a couple of things we've been hinting at have been Um, obviously the Fed has to make a decision. They said they're going to taper Which means they're going to print a little less money They're going to cut it down by about 12 and a half percent every month So they'll stop money printing sometime by october next year But now they are stuck. They have a dilemma and that dilemma is okay If we stop money printing we're going to slow the economy the economy is already Becoming almost cause I stagflationary which means no growth And high inflation which is not a good place to be So they got to figure out what to do and also they had plans of increasing interest rates Which has the markets a little bit nervous too But they can't do that for many many reasons which we have one good and to hear The other problem is you got your government debt limit They need to raise that that always causes concern as the government going to shut down I know the president biden in the u.s. Is trying to deal with that right now Evergrande we said it was going to come back to bite. It bought it bit us today They said we're not going to be able to make our payments. We're stuffed And then Then then you have the Supply chains inflation is going to get worse not better because of the supply chain impact. Just just think about Mandates across the world now that workers need to get vaccinated in order to work Do you know how many people in Germany are going to quit? Like it could be 15% of the force. Yeah, we see this in the new york city firefighter We see this for first responders all throughout the united states the same thing's happening right now So literally everything's going sideways real fast. That's kind of like a quick glimpse into the macro story. What do you guys see? Ben I got to defer to you. How do you see how do you see this going about because the macro is I mean, it's there's so many things to take take into account. Where are we? I think I have some Generally different views on on the macro stuff. Look, I mean, I I think it's all certainly important And and we can easily look at at things and and see kind of how they affect the markets in the short term You know plenty of times this year. We've seen we've seen things, you know transpire and then after that we saw the markets dump Uh, but you know, I mean at the end of the day it did not stop the s&p from continuing to push higher Just a couple months later. Um Yeah, I mean in the short term It's you know, it's a bad week, right? It's in the short term. It doesn't look that great but I mean if history is any indication you're much better off assuming that the stock market trends up with time I think then assuming you're going to have a huge bear market Just around every corner. I mean I I'm not I don't claim to be nearly as an expert as this is as as you guys Um, but it's just in my own experience. You know, I I've ever ever since march 2020 You know back then everyone's calling for a great depression and and a you know multi-year recession and if you basically just You know just kept your head down and bought stocks You'd be doing really well and and there's always someone that's going to call the next bear market Um, and most of them are going to be wrong and eventually someone will get it, right? And they'll they'll claim victory on that for the next 10 years until they're right again. Um But look, I mean, you know, even with crypto though and and tapering and and all this stuff Look, I mean crypto bitcoin's been going up What 2 million percent or something over the last 10 years and it didn't need it didn't need the influx of of cash to do that That we've seen this year. I'm not saying it hasn't helped. I I'm sure that it has, you know, I'm sure that it has helped But I don't think that it's going to stop whatever happens. I mean Of course, there could be some black swan event. I don't know but I I think bitcoin's on a path ultimately Much higher than it is today, but there will be the short term macro events in the market Which will it'll shake people out, right? It's going to shake people out and You know, they'll probably end up buying higher later on but Yeah, that's my general general outlook on on the macro events Yeah, and you did right as well then on all of your points if there is a wick and a dip I mean we just saw bitcoin drop 2000 points in minutes and it bounced back a thousand dollars already in seconds But what the other thing that's also happening right now is you have this weird situation where People need to do what's called tax loss selling to get rid of their losers so they can claim Against their capital gains if they made a million dollars in dogecoin they need to offset some of that So if they have they're holding some losers that haven't done very well They can ditch those the other thing that's happening as well is institutional funds They tend to also ditch their worst performing stocks of the year like you look at the cathie wood and her arc Disruption fund. They're getting crucified right now. And part of that is because december is typically a bad Time for stocks that have lost have not done well for the year And it's also a very good time for what's called window dressing to happen And that means funds need to start it's like oh, I never had any tesla now's the time for me to get some tesla That's why tesla showed some tremendous relative strength Despite a lot of the insider selling as well. So you have that weird flipping now What's really interesting is in january it goes in the reverse So all the dogs of the year get bought up because they're so cheap And the successful companies don't do as well in january. So you got this weird timing situation to everybody So be prepared for that as well and start thinking towards taxes too Yeah, I can you know what so i'm I'm there with you on on most of those things. Uh, I just For for some reason when I take a look at at what's going on in the macro event. I mean for me Maybe we're all looking at the same exact same way I see the just you know some huge opportunities The problem is is that when people look at it they if If you were in this for the short game, it's a very tough game to play So but if you're looking at for like like a very broad range, then it's uh, it's pretty good And then actually like what you just talked about james with those, you know December's a big sell-off and then january everybody just picks up the dogs because everything's looking good So like it's the same thing like even if like like the the bitcoin chart 2017 Which was that the bull run and everything's kind of Went back down a little bit flat in january Then over here went down and as soon as january came around a little bit flat But in the last two years it looks like everybody picked up everything in january and then just the last one It was a big nice spike going this way. So if we're going to do what is tax loss harvesting I did that myself Hint it is legal and cryptocurrency. I did that with xrp and I got crucified for myself Everybody thought I was just a weekends But I I sold it all I sold all my xrp and then guess what you can do you can buy it right back And you just take massive losses you show that in your taxes then next year then it works itself out All right, I did I did see some I did see some politicians talking about potentially getting rid of that loop hole in the future We'll see what happened. But yeah, I mean I think for now or Ben they're they're they're talking about that they're talking about getting rid of uh backdoor iras They're talking about increasing capital gains tax and even here in Puerto Rico They're talking about taking away act 60. So but they've been talking about that for years. So who knows? all right, so that Leads us into the next part then now. We're talking about Whatever it could potentially happen uh bear market bull market, but Whatever happens and comes your way. It doesn't matter if it's if it's a short-term play Very tough long-term play, you know where to go How do you guys play this especially with what we're seeing right now? If we go full crypto winter Personally, I don't believe that's going to happen. But I'm just saying if it does happen How do you play it stablecoins new assets dca? How do you do these things ben? I'll start with you Yeah, well, I think the severity of uh, I don't think a crypto winters I don't I don't think we're knocking on the door of a crypto winter right now But even if we were I would have to imagine the severity of it would not be as bad as something We saw like in 2018 and 2014 just because we haven't gone up You know, we're not nearly as extended right now as as you typically are before a crypto winter, right? You were We're just kind of at the same price as we've been at for a long time Um, I think the best way to kind of protect yourself as I've always said is as you know Having some blue chips or majority of your portfolio in blue chips I think is a good way to go especially bitcoin and ethereum They're probably going to bleed the least amount You'll probably see your altcoin valuations go down against bitcoin significantly if it falls below the 20 week SMA We have weekly closed after weekly closed below it So one way you can minimize your downside risk is Is making sure you have bitcoin and ethereum if you run modern portfolio theory on this the sharp ratio Sorting a ratio out of bitcoin and ethereum it says 65 percent bitcoin 35 percent ethereum maximizes your risk adjusted returns Speaking of selling your losers if you add litecoin to that it says 0.0 percent litecoin Should be in your portfolio if you want to maximize your risk adjusted returns. So the whole idea is Yeah, I have no problem. I have no problem taking a dump on the losers because look I mean litecoin's done 94 percent against ethereum over the last two years You have to look at what's bleeding against ethereum You have to look at what's bleeding against bitcoin and if if these altcoins if all they do is bleed against bitcoin and ethereum Over the macro scale then, you know, this tax loss harvesting is not a bad idea You know, I and and that's not to say that you need to go buy that altcoin back Maybe you just send it back to ethereum and just forget the altcoin exists, you know Um, uh, but then I mean, you know, like there certainly are some altcoins that have done really well against ethereum over the last few months like Solana Matic Luna has been doing really well recently Uh, as we as we're talking about. So look, I think that the way people protect themselves is is a the majority in the blue chips You can you can have some altcoins, but you should not marry an altcoin Um, certainly a better time to to be heavier on altcoins would be After bitcoin shows more strength, right? And I'm not saying I mean I have altcoins in my portfolio right now But I would be a lot more confident if bitcoins moving up and not going down to the 20 week, you know Like if It's it's to see some of those altcoin seasons and stuff like wherever you're seeing everything go up like, you know 200% and stuff you really need I think we really need bitcoin to To actually go to a new paradigm, right? Not just hang out at 60k forever or 50k forever So yeah, I think the way you minimize it is is Or protect yourself against potential crypto winner being heavy blue chips if it goes below the 20 week and you're overexposed in altcoins You know, you could roll some of those over to either bitcoin Or stablecoins and I think that it depends on how risk averse you want to be Because bitcoin at least gives you the potential for the upside in case it turns back around and I would argue that bitcoin Does turn back around there's a good chance it outperforms a lot of other assets in the short term anyways And If if you go to stablecoins Then make sure you're earning interest, right? There's so many different platforms you can you can be earning earning interest on And that way even if you're crypto even if the crypto positions you were holding Would have theoretically gone up Maybe you can at least compensate for a little bit by earning interest So I like yeah, whatever whatever the interest rates are on the different platforms, whether it's Exactly, and you know what it really comes down to it's like, what are your goals? What do you want to do? I was talking to these these kids From barcelona spain It was just to talk about their portfolio And I'm like, well, what are your goals because you guys are 20 years old, right? I'm way above you So like like what are your goals like we want to make a lot of money and then you know have a good time Like of course as we want to do you're 20 years old, but think about a little bit in the future so like for me like my goals would be just to You know actually bring down some of the the costs of my different properties So then when I do the short-term rentals, you know, there's more money in my pocket I can do different things And then I said for you guys, what do you want to do? They go well We just want passive income because we don't want to work too much and just like what you said Like you can put it in different platforms You can stake a lot of these different cryptos these days because I was because they had salon I'm like, why aren't you guys taking salon? You should be staking salon I just know 77% is being staked anyhow and get great yield Also, can you use this platform and that platform and then also for uh for loans? So again, I think just comes down to what your goals are what you want to do and how risky you want to be Speaking of risk James, what do you got because you're out there shorting tesla or whatever different trades you've got going on? Yeah, shorting a bunch of stuff I covered a little bit of my tesla short today about a third of it when tesla went down to about 1009 I shorted heavily went up to about 1200 Just waiting waiting waiting and but i'm also in a heavy short position against sofi trade desk coin base PayPal alumina next era stuff like that because it's you know the The way I kind of trade I run in cycles I can tell when things are overbought Tell when they're oversold. So now I'm actually right now actually in the process of Putting a synthetic long in place About to place a trade on a company called square So in full disclosure the square is like completely bottomed out Yeah, perfect. And just as a reminder, James, how many years have you been trading? 31 31 years, okay So just remember that when everybody's like, I'm gonna short with leverage shorting because like just let my buddy James does No, no, no, no, you have to have a little bit of experience for that. You know, what's weird though James your big trader you got some hodl positions Ben I I find you more is like a more of a hodler than a big swig training and then me I'm just basic hodling but all the things that we just talked about we all talk about the cycles And where we want to get in as far as our positions to maximize it does make a lot of sense. All right, and lastly Let me ask you this James What new projects are you interested in? Well, right now I've been looking really hard at A lot of names and I search high and low all the time I've analyzed probably the top 12 blockchain type games, you know, the gallows of the world alluviums But I can't can't justify investing in them, you know between the tokenomics the inflationary nature of these tokens I remember the decentralized if you call calculate the cost per user It's five and a quarter million dollars versus a hundred and forty eight dollars for facebook That is just stupidity. Um, I think it was I know you have your charlie mongers and your warm buffets of the world And people say oh, they're dinosaurs. They don't know what they're doing But literally I do agree with them at one point. We are Way more bubble-icious than we ever were in 1999. We look at some of the valuations some of the stocks out there um, so But then what you have to do is take into account the backdrop of the money printing There's so much money out there People can't hold on to cash. So they're gonna pump it into something. They're not buying gold They have to pump it either either equities real estate can't be found or crypto and it's like Damn, you do damn. You don't have a situation. So it's a very unusual market. Um, but I haven't been able to Find any metaverse plays apart from things like engine coin and dabbling in a few others Uh, what I did do is I picked up a little bit of phantom the other day Who had just a tiny tiny tiny position and I bought more Solana because everywhere I everywhere I look and everything I analyze is just I can't find A good project with really good growth rates and really good valuation and good tokenomics And uh, that's kind of why I'm stuck. So I keep going back to using bitcoin as my money market account So any extra cash sitting in a bank stick it into bitcoin even if it's 52,000 51 thousand dollars Um, and that's kind of what I'm doing right now. And then also equities So many bargains right now. I was harvesting cash for the last month or so shorting a whole bunch of things That's worked out quite well. Thanks to today and a lot of activity of last few weeks So, um, now I need to find a way to repurpose that money And give some assets Could be some bitcoin miners, for example, they're looking kind of attractive once again now too Gotcha. Yeah, I see I see you were going we we differ on this one because I know like I know you had your interview with rel pal and you said the exact same thing to him You're like, how can you justify that? Especially with facebook? How many users they have as compared to a decentralized and sandbox? And his answer, I remember he talked about it. He was big He was like, I think metaverse will outdo a lot of different things out here And you were even shocked by that answer and I think it kind of comes down to this To me, it feels like one of these things. This is how fortunes are made, right? Broadchild said this buying low and selling too soon I have no problem selling too soon. The problem I have is buying super as low as I possibly can This is all speculative So right now in the sandbox and to central land people think it's great and cool But they don't even understand it. So that's why it's like if you get in and you hit the right one You can and just like you said evaluations a little bit crazy. It's always the entire market. We'll see how it all works out Ben and what do you got for this one? I I have very similar thoughts about about it. Um, you know, I think the metaverse but well, I mean I guess it depends on what the definition of metaverse is right to some degree This is the metaverse, right like whatever whatever it can be but You know, I think the metaverse is really early and and and people are Extremely speculative on it and I I looked at some of these platforms Um, maybe as I mentioned last time and I I walked through some of them and I I was just bored to tears You know, I'm just like what what am I supposed to do here? What's the draw? So to stay here? What you know, what's going to keep people here? Um, so I find it I find it somewhat challenging in my mind To to think of these projects is worth what they're currently valued. But then again, I mean that goes with everything these days Yeah, everything if you're not buying is something that's not up 100x in the last three years You're basically just not buying anything, you know Yeah, um So I I would argue that yeah most most of these plays are are very overvalued But we also know that that doesn't mean they can't become 10 times more overvalued before You know something eventually pops with some of that with a lot of these plays right now on the metaverse um I I I think that You know, will decentralized be you know, the the place everyone hangs out in the future Maybe but I mean the way it currently is. I don't think so. Um So yeah, in terms of that, I I'm not super enthusiastic. I do think the next cycle though There's gonna be a lot of a lot of great plays I think it's also hard to know between say some of the gaming projects and some of the metaverse plays Some of them just seem like cash grabs to me, you know, like they it's a very Not really well thought out project and it just seems like a cash grab Um, but I mean there's Sunday swap. Obviously, you know, you talked about that before that's coming out relatively soon on on Cardano That's probably the most exciting thing happening on Cardano right now, which I mean, you know, it's not it's not a single whole lot considering we've been waiting for for a while But I've got my eyes on that Yeah, and I think yeah, I mean look Sunday swap when it comes out for Cardano It'll be one of the their first working decentralized exchanges If it all comes to fruition and we'll see and that comes out I believe this sunday and just so you know ben if you go to his YouTube channel, I'm sure there's a link to his stake pool He is one of the 30 that has been chosen to actually be a part of the stake pool offering for that So if he's staked to bends You get a data and you get Sunday swap the token So go check that out and then before I forget James I think you wanted to did you have a something else to say about that last one? I think I cut you off a little too short sorry No, no well regarding royal paul um, I tend to be I'm not I'm not really call myself a value investor but I need to see fundamentals Right, and I see tremendous fundamentals growing in so many different areas of crypto But I just can but you know When I see a token with a hundred and forty percent inflation And crazy valuations is like I just you know one of the one of the reasons I got so attracted to bitcoin back in 2017 Was because of its finite in fact deflationary supply because so many people are losing their seed phrases While it's a breaking everything else and I'll never be more than 14 million coins That's what I love And what I don't like about fiat is the money printing anything. It's inflationary I am automatically opposed to so I try to find things that are less inflationary That's one of the reasons I like ethereum as well because it's going to become deflationaries that go forward And it has so much utility people don't realize not only is a store of value But to get stuff done you need to use eith to get it done and don't talk to your gas fees Somebody had to move three thousand dollars and it cost nine hundred bucks And I think that's also one of the reasons maybe an interesting theory for you guys So things like ave and uniswap, they're all kind of eith based but they're all suffering right now Is that because they are You know a victim of their own success or ethereum is a victim of its own success But it's so popular and the gas fee is so high people are looking at different alternatives for dexes yeah Well, I think like there's a there's a project i'm going to cover coming up called avagacchi Kind of like from the 1990s tomagachi But it's all based on ave and of course based on ethereum and when I was talking to a couple of the founders They said, you know the problem we had was gas fees was crazy So now we're switching over to polygon and we're and we're doing things that we couldn't do before And if we didn't have polygon we couldn't we couldn't scale And I think when we start to see these layer two solutions or side chains I think that's the bigger story and that's why i'm trying to get a little bit more exposure to those Ben, what do you think? Yeah, I mean, I think anyone getting exposure to the These layer two solution. I I think that's A good play. Uh, there's certainly a lot of these smaller projects that are coming out or that have already been out for a while That you could get exposure to like and I actually I think uh polygon if i'm not mistaken, I think they have a Conference relatively soon. I think the talent's gonna actually be at it. Um So I I do think that that yeah, some of those plays are I'm actually more interested in that right now than I am in in some of the in some of like the metaverse um type type stuff Yeah, you know, I'll I'll leave it with this. Um, I had cto larson on on the show About a gosh about a week ago or so and he's been you know He's a developer for from years past and he said and he made a good point He goes you can't invest into protocols back when the when the internet came about you couldn't invest in tcp Ip hcp as you couldn't invest into that He goes but you can invest in protocols right now with cryptocurrencies and digital assets that have dual functions And I was like, no, I guess that's very true I mean, I really can't couldn't invest in the code but I can invest into this code So it makes a lot of sense. All right, so that concludes it for that Let's just let me blaze through a couple of questions and I'll get these guys out of here And we'll see where we all went. Let me start up for here. Bye. Let's see Yeah, paper hands Real quick, we're gonna start hearing about mount gox james. You covered this in your video Can you just do a quick snippet about why this is a big not a big deal as a lot of people are making it out to be Well, the it comes in different tranches and the amount that people have been paid back Not even getting their crypto back. Some are some aren't It's extremely convoluted between the people that are actually managing the actual funds. So It's probably too much to touch on right now, but check out my video from a couple of weeks ago I think the biggest concern about mount gox is the potential fud But right now there's so much other more dangerous fud out there than that people were afraid that the total supply of coins I think the total is 140 000 bitcoin would hit the market and tank it Yeah, but the market's well capable of absorbing that these days So not a concern plus it'll be trickled out plus a huge percentage of people that never thought they'd see their coins again And now all of a sudden if they do get them back, they'll be very happy and I don't see them selling So it's a it's a bit of a nothing burger as we'd say, but it does rattle the market So you always have to take into that this fud because it can bring about buying opportunities I think so. All right. I don't see uh many questions. Hold on. Let me get this one from tj Ah, here we go This is from I can't put this up. This is from uh, cali gvla 71 And he says can we ship in and get ben a proper mic for Veronica first of all, I will tell you this that same mic that ben has used that was the exact same mic I used for the uh first year and change of my youtube channel and it worked out great And the only reason that I changed it was people kept bugging me about it And I thought well, I'll get one of these mics to be honest with you honestly. It doesn't sound that bad I don't think uh Oh, sorry go ahead. No, no go ahead ben. I was like, yeah, this is my uh I I'm on a laptop. This is my camera for my laptop and this is you know, pretty bad microphone The thing the lesson here, right is is opportunity cost and I I think a new microphone would bleed against the theorem So I cannot justify it until I think the bear market is upon us That's that's how you pinch pennies right there Excellent. So yeah, and then last one, uh, jimmy says, what's your opinion on one and how we'll perform the rest of the year I'm looking at one eGLD and avax as my last buy this year uh avax I can tell you uh Looks pretty good. I it's very fast. The transaction fees are low It's got a stellar team. I think it's uh, it could be a real winner I don't know exactly of the exact tokenomics. I'm sure james could speak to that, but I think it could do pretty well Yeah, I've got a small position around harmony one I do not like Because of our kind of coin pendulum quantum model result And what was the third one? avalanche avalanche I was into avalanche about 10 bucks and I sold at 48 And moved that money to salana because I do believe it's an inferior Project to salana right now and the tokenomics again is quite inflationary But they are burning and I'm just trying to get a handle on exactly how impactful the burn is when I first analyze the original burn It wasn't that impactful so We'll see if it'll get a lot better, but the inflationary nature of avalanche is Higher than some of the other things that I'm in Yeah, got it. And the last last two questions james. You're shorting any securities right now He's talking you talk about shorting tesla. What are your snark? What are your snipe prices? I just traded twice actually on this video. So One of them is very risky play. I won't announce it right yet and hasn't filled yet either, but it's Going to jump in And then I have a couple of cover limit options open on some of my shorts But right now, so it's very interesting about this time of day Got 12 minutes to go before the market closed Bitcoin is beaten down and I like the bitcoin proxies So looking heavily at micro strategy right now. That is completely oversold. I mean if you look at Say micro strategy versus bitcoin over the last month Bitcoin's up 20 percent micro strategy is flat or down 5 percent So that just tells me there's a problem. So that that one will you know, I do believe weekends sometimes are normally 70% of time good for bitcoin And I think we could see a nice rebound Especially if the markets get over the fun. In fact, it's already rebounding. I mean Just looking at bitcoin now. I mean if it hit 51 6 during the stream now, it's 53 2 Literally By tonight we could be back up at 58,000 and that means, you know, if micro strategy closes Week today and bitcoin rebounds boom. Yeah, micro strategy is a big deal. So that's what I do I like to play the arbitrage of micro strategy. It's like Ceiling candy from a baby sometimes Very enjoyable And then this one I can't bring up. It's a super chat. They said does ben have a patreon I mean, yeah, but Okay, so here's a Here's a little do So for this one if you want to go to check out ben's channel That's into the cryptoverse you can check it out right there and then of course if you want to go over and check James's channel His is Invest answers Which is right there. So the link's in the description and that is it for today and all the questions So I want to thank these two gentlemen for coming by. I appreciate it guys And any last words of wisdom before we take off because I think it's about to get pretty bumpy Yeah, I think I do I do believe we will see a 20 gain at least on bitcoin in december Um, I I think We've just been hit with a bunch of bad news and and bad news happens in threes today happening in fives And I think I think the markets are going to shake that off But that does impact there is still a correlation between the smp 500 and bitcoin And but I do believe there will come a time where bitcoin will be the flight to safety Like the safe haven asset the risk off asset that people will run to I think we're getting closer to that right now because of the equity market valuations And bitcoin is just finite and the world is catching on and we are so early I think ben would agree with that too Yeah, for sure. Yeah, I don't like it's going to get choppy for sure. Um, but Uh, I mean bitcoin during the during the stream it actually went down to about 20 week moving average within about 100 One or 200 dollars. So, uh, I think the important thing here is let's see if we can hold the line and I would say there's there's a good chance we can so if we do then hopefully we can look back at this time in a couple months and You know just say I was a good good buying the diff opportunity Yeah, a couple months imagine this imagine what we could be talking about in a couple years This is going to be a laughable show people like can you believe it that bitcoin was below 100k at one point in existence? Yeah, go watch this show. All right, everybody. Thanks so much links in the description gentlemen Thanks for being on we'll see you guys on the next one Thank you guys Thanks and the audience too