 That that what is this? Dan cannibal coming on okay. Yeah, so when we hit Bitcoin 100k I'll do a cannibal absolutely and there were some starred questions that I Starred before we started the show that were pretty good one was from JH and it says Jay says Rob if Coinbase goes bankrupt will my Coinbase wallet be affected funny story. So they had actually This was in I want to say Newsweek or a big Bloomberg when the publications and you could look it up but it talked about how there is no separation between Cryptocurrency accounts and the regular money that's in Coinbase and different funds So in one of the clauses for Coinbase if they go down That crypto that you have in Coinbase That's theirs and they can do whatever they want with it to get them out of bankruptcy I'll that was the whole article. So here's the thing As far as like the Coinbase wallet, I don't not for sure how decentralized that is Correct me in the comments, but I could be wrong But if it is your own wallet that has its own mnemonic phrases that you control the keys and that's different And if that's the case then you control it. I personally don't use that I use these things are called ledgers. I got a bunch of them and Keep them around because I don't even keep all my crypto on one ledger because I think hey, I don't want to lose it all so Use your best judgment as far as that one goes, but if just the exchange, it's gonna be theirs. All right Jay just again, if I had the seed phrase, can I build a new wall in Bitcoin? Absolutely so what happened was we live in Puerto Rico will be vacation in Texas and I left I Left my the ledger that I needed to use Over there and of course when you're doing ledger live and connecting it and if you don't know what I'm talking about There's this great website Well, I think it's great because I'm biased and it's called Dan teaches crypto comm for some reason. It's not right here. It should be Let me see real quick banners brands brand color Logo Nah, you know, that's not it. Oh well, Dan tears crypto comm and what a little show. Let me show you how about that if you go to module 2 I'll show you exactly how to use it how to use any wall a lot of things actually. This is the safety module I'll show you how to use the The ledger how to back everything up how to restore everything from your your phrase and so much and so much more Here's the great thing. It's 100% free. I made it free. It'll always be free and I made that because People all the world. They can't afford, you know, 10 bucks a month or five bucks a month. So I just made it free So check that out. Dan teaches crypto All right, enough shelling All right, that's a good question And then assuming commerce walls isn't accessible is my Bitcoin safe if I had the seed phrase. Yes, that's the big thing Uh Rule don't buy NFTs 100% scams. Yeah, maybe I mean some people have think they have value. I think if you buy an NFT that correlates to the deed of a house or something like that sure but That's a ways away. I think I know some companies are doing it, but I wouldn't trust right now controlled demolition That's what's going on the banks don't want to be left behind So they crashed a price to get as cheap as possible very well could be and if me if you If you were looking at prices in May 2021 and you're like man, this is an overheated market What I'm gonna do is I'm gonna sell some things off and wait for everything to crash because that's usually how it works in overheated markets the very not even a smart money just the patient money will do that and Someone's been around for you know for quite some time. So maybe that's exactly what's going on I wouldn't put it past them. It actually makes a lot of sense actually An FT equals a JP. It's a good one. True It's proof of work the future and proof of work That's Bitcoin. Of course, it's proof of work the future Or we'll be proof of stake There was this great video and had a fuss on it I linked it in in my Twitter account and he talked about how They were where was he at? He was an I think he was in Canada And he was talking about how the Bitcoin miners that he has that of course they use hydroelectric Electricity but then like eight or nine days during the year they get paid like a boatload just to turn off the Bitcoin miners Also, the heat that they were using from or that was being Taken off or being put off by the Bitcoin miners was being used by hydroponics to actually grow vegetables It was a very good one. I got to cover that tomorrow You'll see I came in from Ben Ben from any of the Cryptoverse do be a speculation I miss bullish Rob Robert sucks lighten up people kind of giving you the sub stories of any section mood That's true. It does it has effect on the mood like I like for investments a big deal for me Like I know I know where things I Believe I know where things are going. I'm not 100% sure but I have a three five and ten year outlook I'm not a big deal when people Email me and DM me and it seems like it's like Increasing, you know those stories. It does affect me a little bit. That's true Can't help that You're very kind run Sometimes I can be a real jerk. Let's see Ooh, it's a good question. You know, hi Rob What do you expect from corn at Cardano up to June hard fork? I expected the drop in the price, but I Expect a nice little rally. So we don't know there's the hard fork for basil. I think it's called basil VAS. I L That's supposed to help with throughput or transactions per second and make things a little bit cheaper as I understand Although I don't understand that because it's kind of super cheap to use I'm gonna be able to use it super fast super cheap and of course people say well, it's not cuz cuz not congested sure But in all I mean in the last one remember when smart contracts can occur, I know there was a big run-up I think that wasn't that when we start to hit almost three dollars and You saw a big massive run-up and after that Just kind of fell by the wayside So I see that as far as like the price action But I see but for some people they're like, we don't care about the price action We're here for 20 years and I see I see Salana being doing good things. I'm really Happy I held on to it. Even though people call it a Even though people call it a ghost chain, let's say Great video. I most people still think still take big risks. I think you are and will can help you from stupid. I hope I Don't know maybe. Oh Yeah, this Jersey so this Jersey This is This is the world mobile guys They got me send me this Jersey for talking about there We're talking about the project. I gotta tell you like people always ask me like how much they pay you to shield that project Nothing and I'll actually an actual body. I pay them. I pay I pay them to get the tokens and the last one was fame that was on Dan D. Jen and I said, hey, how much can I you know, can I get into this project? They're like, well, you can only put in this much and the lock up period is longer and that's it I go, what can I buy anymore? Like no because we don't want people to dump and that's how it goes for everything now Like it's not the 2017 ICO craze where you could do stupid stuff like, you know buy 150,000 worth of tokens and then the day that it went public you dump it on everybody. It's not Doesn't really anymore Although there was one product that did say that's me and I dropped them Well, let's just do use X the new one. I can't always get these wrong the ones with the Cool buttons on this not the ones in the top. We'll actually have one on the top That's an old woman. I got the one buttons right here. I think it's next See And no trust me We're live on Thursday, it's not a sexy. It's not a really sexy video It's not a video that says this is going to the moon or this is the bottom or this is where we're going It's just rules. I mean, that's a very boring subject And I didn't expect this to get many people to actually show up see You can't use a to do That'll know man. I mean like I Can get NFTs? I can do D5 degenerate stuff if I really want to I can send transactions I can send messages I can I mean I Don't know what else I Mean shoot world mobile, which is the whole thing of Connecting telecommunications and parts of Africa. They're built on the Cardinal ecosystem. So I don't know You know what? I got to ask you guys right now. What makes Ada a ghost chain and What makes it a scam? Could someone put it in the comments? Like the research that How'd your idiot brother-in-law get richer than you well These people people are smarter than me. That's what it is. I got some I got some pretty hard-working people in my family. I Don't know. I don't know beardy. Thanks for being your beardy beardy is one of our our admins. Thanks Rob will see market reset is having their channel. Yeah, it seems like that's just how it goes and Even like like we've been talking about this the last three or About about last two weeks or so about economic resets and the time let me show you I hate when I try to explain things too much and It doesn't make any sense Cuz pictures tell a thousand words So this one we've been talking about this for quite some time about a week a couple weeks or so ago And I think they were headed for a recession. I Think in July when the Q2 numbers of GDP comes out, it'll be a little reduction From what Q1 was and Q1 already was a reduction. Of course, what is the definition of a recession to consecutive quarters? As they as they dip in GDP and I don't really and to me I think we're already there. That's just me, but I just want to remind everybody that you know in recessions like this is in 1969 It lasts about a year and a half two years another one year and a half year and a half year and a half two years What's this? Q1 Like three three quarter less than about a year. This was like two almost two and a half About two but then what I want you to see is all the space in between That's economic expansion. So if we get a recession And we're we're doing not so awful and in inflation We'll see how the numbers come out on July 13th. I believe it is Then remember then we go off to the races and this is this is what we want to do I want me personally I want a year and a half to two years of low ball stuff recession type stuff and the reason I want that is because of this so I can just accumulate like I did before and When everything's boring and nobody wants to do that no one wants to do the hard work. So that's what I'm waiting for That's just me Yeah, that's true even though it's gonna Yeah, but Sunday swap and when the very when I started off in the very beginning It really was pretty slow. They got they did better that there's a concurrency issue My man hashoshi over in the hash of channel tried to explain to me one over my head. Sure but Yeah, hopefully and it seems like they are getting that was also Supposed to be addressed with this Basil hard for so great. I haven't heard about this route Apparently the need the need to post collateral Nami will end after vassal to not a hundred percent of this Heard so now me is another card on a wallet and You had to post collateral on that but I guess now you don't have to that's interesting. I'll just look it up I don't know. I'll tell you why now. I tell you why I don't know. I don't know That's right. We'll mobile token when bicycle when skateboard when rollerblades I'm an okay shape. Thanks See a dad Oh When socks ah, that's funny. Yeah, cuz I know I just I've had this in my my My closet for quite some time. I was like, I should probably wear this one day Yeah, I know a bunch of hooligans shirts like those cause actual wars in England. Yeah It's the same thing in football here Not that bad though We're hold on Eight a block change never went down ever that's true When Luna 80 K Robert your favorite hobbies outside crypto Staying in shape as best as I possibly can being with my family playing volleyball and Actually, you know, I would like to do is just work Work and get things done on education platform the Amazon dropshipping our FBA business and then the sports facility and then the real estate stuff is I don't really My wife does the majority of that. She just brings me the things and says this is what we need to do When we do those things Yeah, I gotta tell you Puerto Rico is great. It's the obvious place to live when you're in crypto It's just a great place to live. I think it could be Then I think it could be the next great Hub of innovation. I think there's a lot of there's a lot of smart people there that can Teach and mentor a lot of people to make that the next great place. That's just that's how I see it No, I was on film pretty good. I was kind of down the dumps yesterday. You should have seen that video. That was not good See someone said a good one Where'd it go? When coming to Australia never been there. I should probably make a trip there This is it Marty. Have you read a nine to five? Yeah, and it was awful so I used to work as a kid as a UPS then I went into the military. I'm like I hate this job so military and I was a medic and then went into healthcare and healthcare industry and and medical device sales and then Management into healthcare companies and then at around 2015 I was like I cannot work for anybody This is not working out for me and then I just became terminally unemployable as I did a bunch of entrepreneurial stuff and now here we are so Yeah Solvers for again, I don't think Well, so land. I don't think they're gonna rug rug But it is a defy product so watch out again. There's a difference between the Solana the platform the ecosystem and so lend the Gap. Oh, yeah thoughts on gaming coins the next cycle look If you look at things that have like real utility like real real utility Bitcoin still has it. I mean if you want to move things across value across the globe in no time That's the place to do it if you want to stop your Well, if you want to do for a short time as a store of value sure I think store of value is actually even better in stable coins Like USDC You know if you have the if I had the opportunity and I was in One example ever to use is Venezuela. They paid me in petrol dollars or whatever it is. I'm like, I'm not using this stuff I go to the Try to get into the crypto exchange the best I could and I would buy USDC and put all my Whatever value I have in the USDC and That would be it So that's I mean as far as like like utility goes and Ethereum if you're in NFTs and D5 plays But we see a lot of problems with that, but if you look at like Utility these gaming coins like people love to play games. They love to and Here's a stat and we talked about this on Dan D gen for the Gensokishi token for I always think as an American It's one of my downfalls and as an older American to the gaming industry first of all It's a multi-billion dollar Industry as far as like e-gaming but also if you take a look at the amount of gamers that are in North America It's like 300 and something million or North America around 300 million some people but in Asian countries It's like 1.5 billion people play games and to me I don't make sense to me when you come out with a good game with good graphics And it's a play to earn type of game You're like, hey, did you like playing that free game? Well, first of all, did you like paying all that money for the game? Now did you like those free-to-play games? Well, how about these play-to-earn games? And they figure out the right talk and I'm not like Axie and Finney. That's stupid game. That's like that game is dumb I don't understand why people play that it's so boring But if you have like a really good game which really brought people back had a gamification those types of plays will play pay off and that's why I was so excited about Gensokishi just talking about things because It already was it was it was already game that was over eight years old It was on PlayStation. It was on Nintendo switch It was on Android and it was on iOS and they already had a big base of users And I said, this is the easiest thing of all time and I got now against Akishi Sponsor from Elemental Knights and there you go. So I think this will be the next big thing. Ah Thanks for reminding me Silicon Valley Stoic. Thanks for the super sticker. I appreciate it. So I eliminated all the Superchats if I do a sticker, that's fine, but I'm just gonna tell you right now Just save your money save your money and you know and bests pay for the other things. I don't need it. So Stickers I got to turn those off too. There's no reason but I appreciate it. I do But I was getting tired of those super those super chat things. I'm like, why are people I'll answer your questions You don't have to pay me. Let's see Moon beam. Yeah, I learned my lesson on that one Seems to be a good project I'm not for sure and don't say oh, I dumped all my I sold my kidney to buy moon beam because I said it was a good project It looks like a good project. I haven't done a deep type into it Thank You Nick That is proof of authority. No, thanks. Yeah, yeah I Guess oh shishi. Yeah, again. So kishi. So if you look in the description in all my videos, it'll say Connect with Dan and it'll have my Twitter account. It'll have my theta Account and it'll have my second YouTube channel called Dan Degen and it stands for degenerate and those are like the super risky plays. So here I talk about the most Simplified meat and potato things you can actually talk about investing as far as crypto or what I do I can't give you advice on a financial advisor over on Dan Degen I tell you about the five percent risky stuff I do with my portfolio, which I think I will never see that money again It's just for funsies again Pro quick just Remember those rules and you'll be fine No This is a great question and not but not for me Do you see all your way of theory being applied to Bitcoin chart in 2022? Please explain go to Ben at into the Cryptoverse into his website or James over invest answers. They'll talk about it all day long Good stuff Stepping good game. I should I do not like stepping personally. I've had nothing but problems with it. Then yeah, maybe that's just me So a lot of people love it though. I Like sweat coin as you can probably tell you know why it's it's free. Yes, you made it We need more digit now we need less of those and that's another thing over on Dan Degen I don't do a lot of videos like the three products that I reviewed I've only reviewed three products since December Seven months or so there's just so many bad ones out there You know what opinions on token bridge tokens have you ever tried to use the bridge? If you're trying to bridge everything from like From a theorem into polygon or from a theory into buying a smart chain It's kind of a process to get things going did a video about it but token bridge tokens Bridging itself is a dangerous situation. We saw that with Wormhole Yeah So that's all I can say stepping is not about me neither You know I really like cosmos I really like cosmos I still hold cosmos I still think that could be a really good play and cosmos is like one's layer zeros so That's one of those projects that you can build anything on it and that's what crypto Or the crow token is built on that's what Luna built on and don't I mean you can't say anything like Well, it was just just you know, Luna and everything's bad about it. No, it worked out really well It wasn't really high transaction fees. It was pretty fast super fast I thought and it was built on cosmos ecosystem. So that's one to watch That's on Solana. It's got some pretty good backers Sam Bakeman freed and all those guys so I hate to bet against them, but you know You see sometimes the the chips start to crack Especially with Solana, you know the thing that concerns me is all those down days I know people will say but it's in beta Rob. It's in beta. How long you gonna be in beta? five years That one that's Chloe Like some of these some of these questions you guys are asking me. I don't know all these projects. I have not looked at Rose Rob's dog is a cardano Sam Bakeman is the energy cannonball in a pool the day. Yeah, I will just waiting for that hundred thousand No, hey Robin. I asked this constantly probably what's up with wage? You're still coming. Yes You know Somebody sent me an email He said hey, Rob. There's something funny with with Voyager going on They said that they're Ada the amount of Ada that they had The number was reducing that they could take off the platform I said well one and we were emailing back first of all when when did you purchase this? This said Ada. He said oh, I purchased like three or four months ago And now all of a sudden it's like at first it was I forgot it was like a hundred and fifty Then it was I can only take 134 off and I can only take 127 off and I kept producing and didn't make any sense I was like doesn't I go that doesn't make a lick of sense and that got me concerned and I took a look at any kind of news as far as like Voyager and There was some entanglements that have been floated around as far as like liquidity But then all of a sudden like today the guy you know me said yeah I don't know what happened, but it's all back to where it was like that's pretty good And of course that story that we had talked about which was Voyager real signs, you know 200 million dollars for essentially liquidity You can do a lot of things with liquidity and you can deal a lot of Deal with a lot of blows. So Right now. No, I don't but that doesn't change the fact of what we talked about with the five rules It's all gone Don't invest more than you can lose Everything's a scam Don't leave anything on exchanges as best you can obviously and like like somebody will say well, what about I trust that's an exchange What's not really an exchange? It's like it's it'd be like calling Fidelity a bank Because you that that's where your 401k is and It's an investment platform, but you know honesty That's keeping yours that's keeping your crypto in a place where it's not your keys, not your crypto. That is true. However, I Don't keep a large portion of my portfolio there in America For a Roth IRA you can only put in six thousand dollars per year or seven thousand depending on provisions And so it just depends And again like I talked about Sometimes it's pretty hard to put on limit orders when you have nothing on there And of course no leverage and take profits along the way. That's it. This are goofy Yeah, I know I just like to put this pool on the green screen. That's way more fun Yeah, you guys know this isn't real, right? It's a green screen. I'm actually in my mom's basement right now This is a nice big fat green screen You never skip leg day Central land. Yeah, so that's one of those other things like cosmos Look if you if you think about if you look at I always talk about for projects didn't make the cut which is You know, how big is the community? What's the utility? What does it do? Is it something new or different or is this the same me too type of thing? How big is the team? What have they done before so I can see what they will potentially do in the future and what are the tokenomics? I'm gonna get dumped on and is it worth it for me. So that's the CUT the cut if you take a look at polka dot I mean just take dr. Gavin wood. He was part of that a theory of mafia like to talk about He's done some pretty great things. I think it's undervalued because all the different things you can build on it And I've never I haven't heard, you know out of all the things that are going on Have you heard a lot of negativity about polka dot all I've heard Really all they see is like little snippet stories about how they're building things I think that's something to be pay more attention to them than the cheese mayor the gossip. Oh, thanks Woody That's a good one. So this is Jesse shim and says the fudder we're facing now like it was in 2017 pretty much, but Sorry, it's mosquito It's pretty much like that but a little bit more accelerated because It's just different because back then in 2017 Listen, the president of the United States wasn't talking about crypto. There was no Treasury department talking about Or the cftc or the sec or senators or congressman where it wasn't talking about it You didn't have like these big institutions Getting into it. You didn't have the railways being laid down. It just wasn't like this. You know, it's crazy The top of the 2017 market was 840 or 860 billion. It was somewhere in in in that range and right now with all Really think about it. That is pretty crazy if you think about all the The rails and the progress that we've made since 2017 The mark cap is just a couple hundred billion more than what it was back in 2017. It doesn't make any sense really so When I take a look at this The fud is Is a little different because we didn't have this many institutions and and these types of big collapses But I think once we get through this And of course, we've never been through a real recession with crypto Because that was the whole point of bitcoin being created Because of the 2007-2008 economic crisis that happened So I mean we did kind of have a pull back in march, but that was That was a facade just because of supply chain issues and the coronavirus But this is a real I think this is a real recession. I think This one just like we looked at To me it only makes sense. It's just like those four-year cycles we talk about Remember how we just again how we said hey You know you have those those recessions which last a year and a half to two years And then you have economic expansion for two four six eight years moving forward to me. It's the same thing as this Having all-time high dip reset Same thing in 2016 through 2019 same thing with 2020-23 it's going to continue on like this It won't match up perfectly, but uh, I think that's how it all works out. All right, so that's it guys There's uh, we went a full hour today a lot of stuff going on but uh That's pretty good So look, thanks for sticking with me for an hour. I appreciate it and uh, listen to me rant and and go on about these, uh These rules we have so that will be a mainstay from here on out And uh post in the comments what you think of it. That's it for today. Thanks so much. See you in the next one Adios