 Now let's get into the Q&A from there. Huh, I can't see too much. Ah, okay, Tyler Durden. There's a reason I rented the cheap of town for the last few years, very smart. I gotta tell you, people who are renting, well, first of all, I think the rents probably go up, but if you stuck on the sidelines that wanted to buy a house, this might be the time coming into it, because I'm cheap. Hope the YouTube ads didn't crash. Nah, I mean, it's mostly my internet. I have some problems here, and that's it. Wow, Rob was bullish on some, I don't blame you. I'm usually pretty bearish. I'm actually pretty realistic on things that are going on. Hmm, that's a good question. What's your nearest resolution to break, Rob? I have to think about that, I'll get back to you. Crypto requests is looking at 840 months of data, three consecutive up months single to the end of the bear market in every case. One false policy doesn't want. October, November are both up. So if December is up, thoughts, I'll let you know in December. Maybe, man, I hope I'm wrong. I mean, I think 2020 is gonna be one of those like sideways crappy years, but maybe it'll be awesome. I don't know. I'm not smart enough to know. And that's why I just dollar cost average and wait for some blow off tops to sell a little bit. I take profits along the way, but not much. I like that Coinbase isn't on that list. Yeah. Gary, I don't know, I don't know why you make fun of Gary again though so much. He watches the show all the time. We should be nice. He's here to protect us harder. Jeff, you've got a great question. How is Celsius gonna wait with a no plan for all this time? I don't know, but there's some people collecting the fat paycheck. Lawyers being one, but other ones just, you know, all the money that we left on there, they're using it. Thank you, everybody. OptumDF out. Am I too late? If you're too late for the market, no, I think you're timing it pretty well actually. Quite honestly, I honestly think. Like this market, like it just, it's a boring market quite honestly. I mean, I think that's why people cover the Sam Nakeman Free story so much is because it's entertaining. It doesn't really do too much for us, honestly. But it's just a reminder of what not to do. But to me, it just like, this just feels like 2018 all over again. And I'm just like, no, here we go again. And then just keep showing up. That's it. Looks like a great comment section to show my Qatar channel. Yeah. So Tyler says, these are older generations of legacy policymakers struggling to adapt to new tech. There needs to be either a term limits or age restrictions to hold public office. Many rely on health and staff. I personally don't think that there should be an age restriction. I think there should be a competency restriction. That's for sure. But you know, that's what happens when you vote people and I think the people that's the staff that's updates all the congressmen and women and senators. That's the whole point of reaching out to your senators and congressmen in the United States and telling them why you think that regulation should be a light touch. It should just give us clarity. It should allow us to understand, you know, like those forms, the terms and conditions to be less so massive also to make sure that no co-mingling of funds go about. And that's it. And you tell them exactly why because this is America and we should be able to invest into what the things that we want to invest into. And that's all. If you can gamble your savings away, that's it. And of course, that will go to the staffers. Staffers will then tell congressmen and congresswomen and go from there. That's it. And of course, people will say, Rob, that doesn't really work. Well, couldn't hurt, we'll say. Thomas says, talk to your local position and vote. Talk to your friends. And you can stop that with self-custody Bitcoin. You can self-custody it. The thing that goes into it, the question then becomes is the exchanges that you have to deal with to get that Bitcoin and you're buying every day, that's your on ramp. And it's better that we become a part of that conversation than the senators and congressmen come out and go, you know what? Everybody, this is what happened in Canada. We're gonna limit you to how much you can actually spend on crypto. I forgot the number. What if they came and said, okay, you can only spend a thousand bucks per year on crypto, on the exchanges. All right, sorry. And they're like, oh, well, we can get it someplace else. You can do the kiosks, coin-based kiosks. Don't you think if they're gonna get a license, a money transmitter license, they can limit them too? The people that will really work out pretty well are the ones that can have an on ramp to an exchange to do those things and then defy. It will probably just go underground and be pretty. You know what really could happen then? It would be like, this would really suck, is if you have a limitation of the on ramps and how much a average retail investor could do, the accredited investors, the ones that make a good amount of money, they can probably buy an unlimited amount. They'll buy your crypto. They'll sell it to you on defy and they'll probably drive up the price. Now it would suck, or maybe not. I worry about that, because that would be the next option. Hey, there's nice layers too. I've got no problems with lawyers. Just the ones that I hire, it's a big difference. Vicky, I'm a set free Dan website, Dan news crypto. Exactly. Reaper man says, I'm waiting, I'm wanting to buy first investment property. That's pretty good. But these cut price and crypto are delaying my buy because they just had to stack some crypto. You know, it all depends on what you wanna do. Like, I mean, everybody knows my diversification portfolio, so I just feel like the diversify kind of helps things out. And of course, some people will say, no, no, no, Robbie, you have to concentrate. You have to concentration of funds to make wealth. I'm like, well, you know, some people concentrate their funds into Luna. Ask them how that worked out. Some people concentrate their funds into BlockFi. And they ask them how that worked out. Voyage yourself, CSFTX, ask them how that worked out. I don't think that's a great option here in the crypto market, but I could be wrong. No, I'm not. I'm not when I'm not. I'm wrong on some other things, but let's see. See, Brian, Brian's got a good point. He says, if everything's gonna be designated as, is going to be designated as securities, it's gonna suck for those of us who can't trade them. You can trade securities. You do it on Robinhood all day, don't you? On stocks. And again, I'll tell you my opinion on what's gonna happen. And maybe I'm wrong here. CFTC and SEC are gonna work together. It's gonna be a mandate. They're gonna have an oversight. Agricultural, the agricultural commission's gonna, gonna take a look over the CFTC and the SEC is gonna, is gonna have a Senate and the House overseeing them. They're gonna work together. They're gonna say, Bitcoin's a commodity. Everything else is security. Everything that's below Bitcoin, which is everything, you're gonna have to register with the SEC as a registered security. Exchanges are gonna have to go in and register as a security. A lot of these products are gonna collapse, which they were worthless anyhow. So good riddance. Then they're going to pay the fines, which the SEC is going to impose. EOS has already done this in 2019. They paid $24 million, for a $4 billion profit. Same thing's gonna happen. These products, you start to collapse in each other because they're going to consolidate the labor pool, which is going to be the good developers. And the other ones are just gonna collapse and that's it. Cause they can't afford to pay the fees. They can't afford to pay the fines of the registration of the SEC and the COTC. And then what you're gonna see, good projects make it out. And that's it. And you're gonna be able to buy those on centralized exchanges that have registered with the SEC and CFTC or whatever the new acronym they come up with. So that's how I think it's gonna work out. Joe Dirt says, do any response to them? Which ones? FTXI wasn't. But you're right. On Voyager and Celsius I was. So Joe, I don't know how long one's the last time you were here. But you were absolutely correct. I did sponsor them. I did talk about Voyager and Celsius. That is absolutely the thing. The thing was, it was great until it wasn't, right? So Celsius, I call that one too late. Here's the timeline. There's a link in the description. And it looked like this. Here's the Celsius Voyager on June 12th. I came back from consensus. And I talked about, I learned some things. Simon Yu from StormX essentially and a lot of other people said, there's something wrong with Celsius. We think it's gonna be insolvent. I said, you know what? You don't like it, take everything off Celsius. I did that on June 12th to 11 a.m. June 12th at 9 p.m. with draws were frozen. And I will say this, Celsius were great until it didn't. You know how many people they've liquidated in March of 2020 during the pandemic for all those loans? Three, because they didn't get in some crazy yield, Bitcoin mining nonsense yield war that they got into now and they just made some bad mistakes. A lot of bad mistakes. So when I learned about it, you learned about it. Unfortunately, I got a lot of my crypto stuck on there. So a lot of other people. I over learned my lesson pretty quickly because with Voyager, thank God it was a publicly traded company, on June 22nd, I figured out that they did, because of their public documentation, they let out $640 million in a loan for three O's capital. And I said, that is ridiculous. With uncollateralized loan, take it all off. So then June 22nd, July 1st, the withdrawals were frozen. Then of course, on June 20th, we came up with the rules. I mean, I had talked about, you know, the rules which are, you know, take everything off exchanges here and there, but I made it concrete. Last four and a half months, that's what we've been talking about. And FTX, a lot of people were, I think, hopefully saved from listening. And that's it. So Joe Durt, you were absolutely correct. I did talk about sales, I did talk about Voyager. And when I learned, things were wrong, you learned. And I went from there. So I hope that answers everybody's question. I love talking about that. Every time someone says that, I have to go with the same thing. And I'm sorry for everybody who's been here and have heard that same speech 50 times. All right. Charlie. And we won't get many people in relation to the future if there is other slush funds out there. That's very true. But, you know, it really depends on the big money that's coming in and what they say is going to be regulation. I think Larry Fink probably has a say in that. Tyler's got a good point. Think hard about which alti bag. And I'm not gonna make it. I have, remember my, I mean, I always talk about, take it, take it with a dash of salt. A dash in 2017 when I got in was huge, never recovered. Salt, same thing. So just remember like, if you think, you know what? I think Shiba Inu is going to the moon and it's gonna be there forever. It could, but just be careful because I don't think they're all gonna make it. Nothing against Shiba Inu people. I mean, I'm sure it's awesome. Hello, Darmaster. All of my choice would become a maxi. Yeah, I don't know. I mean, Bitcoin maxis have had a pretty good year. Let's be honest. Bitcoin maxis that are able to have everything in the cold storage is probably a pretty sweet year for them. Like, I told you. I told, no one listened to me. Yeah, sure they did. They did win this round, but I just take a look at and say, you know, can Bitcoin do everything? And first of all, if you look at the, if you read the white paper, is that what Bitcoin was supposed to be? Was it supposed to be a store of value? Was it supposed to be digital gold? It was really just peer to peer transactions. Nine pages, that's what it talked about. And of course, people can say how great it is, but I've heard a lot of, I've heard some Bitcoin maxis talk about how, you know what, it's supposed to be a store of value, but you know, if you're in a third world country, you make 400 bucks a month and Bitcoin goes down 30% in one month and you had everything in Bitcoin, is that really a good store of value? Probably not. They talk about stable coins are. Yeah. Michael says, do you have a video that explains tokenization of things and what it'll mean for the future? No, I don't, but I probably should make one. I'll make one. Hey, mountain man, happy plowing. I must be snowing. I'm sorry, guys. Repeated million times those things. Pfft! Eris, hey Rob, what's your favorite move to earn crypto? Just kidding. It's, I mean, I used Steffen, just didn't like it. Of course, sweat coin, I bought a bunch, so I'm biased when I talk about things. We all know this, right? Good morning from Germany. Thomas, how was the meetup? It was good. We had a meetup yesterday here in Puerto Rico at the Smokehouse, how are Stephen and his crew, great time, live bands, drank some beers, had a bunch of brisket, it was great. And it was good times. I always liked doing those meetups. Next time we'll do something like a little bit more low key and we'll go from there. Maybe in like two or three weeks. Call me crazy but I miss the king of the shill on cloud news. Cloud news does need to come back, that's for sure. Cloud news, if you're not familiar, it looks like this. So we answer, we do like the most ridiculous, like Bitcoin's debt or something like that and I'll put this face on and we'll do cloud news. Some people say it freaks them out because they're scared of clowns, but sorry, can't please everybody. Morning from Australia. Thanks, Becky. 10 of the brasses, it may be annoying Rob, but I respect you for laying it all out when people ask you about Celsius, et cetera. Look man, you know, same thing in the military, right? When you're wrong, you gotta raise your hand and say, you know, I screwed that up and that was wrong and I learned from that because if you don't say that you learned something from what you're wrong, people die. That's how it was in the military and that's how I, I mean, people are gonna die here, but I mean, if you don't come forth and say, this is where we messed up and we need to go forward. I even heard Kevin O'Leary on Kitko News say he was wrong, which I was like, what? But yeah, but it was interesting conversation. Reaper Man says, I hope all it's lead Bitcoin this time. Usually it starts with Bitcoin and then people get greedy and they go into the altcoins and the altcoins fail out and then everything collapses and then we just repeat again. You know what? That would be great. It'd be great if you and Peter McCormick do a podcast. I would love to have Peter McCormick on or him on the show, but he's got a, he gets a lot of the brainiacs on and I am not that, but I'd love to have him on my show. That'd be great. Ah, maybe I'll reach out. Everybody do me a favor. Could you reach out to Peter McCormick and say, you should go on digital asset news. Having great. Rob thoughts on the CFTC saying that ETH is a security now. We talked about this and my thoughts are the same. Everything below Bitcoin is going to be a security. And that's just it. Probably. But I could be wrong. Darmash has a weather. It's always between 74 and 86 degrees. I met a gentleman last night, William. He was living in Abu Dhabi. Now he lives here. And he talked about, he was the CFO. He was brought in when Enron collapsed and he was brought in to stabilize and bring them out of the chapter 11. And he said, he goes, honestly, Enron was a pretty good company. He said for like 12 of their subsidiaries, but the other 3000 that they had was just a disaster. And he said, we couldn't do it, but now he's here and he's getting into crypto and talked to him a bit. But he said that he's living a lot of places throughout the world. Puerto Rico is by far the best weather he's ever experienced. And he's right. Like the ocean, when you get in the ocean, like tepid to warm, it's always between, always between 76 and like 84 degrees. Always, doesn't matter how late it is, how early it is, how in the afternoon, it's always that weather. And it's great. And if you like that kind of weather, this is it. So yeah, did I even answer the question? I guess I did. Okay, Darren Wilks says, Rob, you think you'll make as much money in the next board as you made in the last? I probably will make more. If we have another year or so to accumulate, I know you'll have a more disciplined exit strategy. Yes, I am planning on making way more this time. But right now I am spending way less because I'm micro-BCing. I still think we have a lot of problems to solve. And I did a post and let's see this morning, where did I put it? I said, there's really three things. There's really three, it's right here. There's three things that concern me that we need to get out. And I called it the CRR, Contagion Regulation and Rates. If we can put a handle on those, we'll go into our next bull run. Contagion, the thing that we talked about here with SVF, if we can get out of this and figure out which all the companies that are collapsing, great, then we can move forward. And then of course, the rates or the regulation, which we talked about today, the CFTC and the things that are going on, the inaction. I think that's gonna come and that's how it has to be. And the rates, which is a drone Powell coming out and saying, hey, we're gonna slow down the rates where we're gonna keep raising them. I think that's getting under control because the inflation's going down and the economy is slowing a little bit. Just an unemployment has to go up, unfortunately. But if we get those things done, then I'll start DCing a little bit more. So to answer your question, again, I think I'll make more money in this one, more gains, I guess. But I'm really getting a lot more pickier on the products that I want to endorse and no exchanges. But just the products that actually do stuff, that actually have really utility. And we talked about this yesterday. So I can, I'll ask you guys again, what do you use Bitcoin, or what not Bitcoin? What do you use Bitcoin for? And what do you use crypto for? Right now it's like real utility. And don't tell me, like I do that, I buy Ethereum so I can buy a picture of a dead cat as an NFT and sell it for more. That's not utility. Like what do you use it for? I'm trying to get into the actual ones that actually do have real stuff, that do real things. Kitko news, yes, KITKO. Charc Kahn says, will we have another major dump before the next rally? I'm not a TA person, but stands the reason that we'll probably have another dump before we take off. But it's okay because guess what? You'll have money opportunities to invest and nothing goes up like a rocket ship. I mean, there's a point, that's not it. I think we're gonna see a lot of peaks and valleys. Good night, Reaper Mands. People can't admit they're wrong. How can you believe anything they say? I don't know. Some people, you know, I just like, I don't really care. I follow, yeah, do you follow Jason Mazzino when would you like to have me show? Well, he's been on my show a while back. I should reach out to Jason again. Nice guy, real smart. There's a lot of trading. And yeah, what I should have is, this would be the great one. Jason and Tom Crown, that'd be a good one. Peter McCormick is not the kid from the Brady Bunch. Big guy. Thick accent. Porto Rico, Porto Rico. ETH always, so Trudejo says, ETH was always qualified as security. Ada might be immune. They have proven decentralization and did an ICU on America. That'd be tough to say. To me, honestly, like, does anybody really care if it's, I mean, if it's a commodity, it's just easier to trade. And people who don't wanna wait, that will take off. Wouldn't it be crazy if you'd have like Bitcoin as a commodity and then like some like little known token that nobody talks about, or coin that nobody talks about? And they say, that's also a commodity. Oh, that'd be crazy. Oh yeah. Well, if everything's gonna be a security set, Bitcoin, what do you think is gonna happen with Bitcoin down? It's too, people are gonna pile in there. And that's why that's, Bitcoin's the only crypto right now that I buy every day. Every single day I buy a little Bitcoin. Not much, but every single day. Everything is a lie. It's probably true. The ocean in Puerto Rico is so warm you swam, pretty much. Don't expect to cool off here. Team Salty, do you think Bitcoin go below 13? Absolutely. Will it? Good question. Not for sure. Cass is I think 13-6 at the bottom. I don't know. I never called the bottom or tops. I just not good at that. Oh yeah. Ben was on all-combing bailing cities having his fourth kid this month. Amazing. How does that guy find the time, huh? His wife must be working. Yeah, I like Tom Crown. I buy Verge to temper my hope him. That's pretty good. And CTO Lars. Oh, CTO Lars, I'm on the show two or three times matter of fact. He's an interesting character. I like him. Polkadot is a software. Let's go and look at it actually. Thank you. Hit the like on the way out. BitBoy versus Dan live on the show. BitBoy is more of a personality. He's more of, you know, and he's entertaining. So, and he puts out some information. And I will say this. And one thing about BitBoy, he did come out and say he was sorry for the shilling. I think it's in the past. So, step in the right direction. I'm sorry. I only get paid once a week. I remember those days. Ben has more kids than chairs. Let's see. Willie Wu says we're close to the bottom. Yeah, Willie Wu. You know, he's right all the time too. I think that's it. I think so. Oh, yeah. And I'll leave with this. Looking for cash says, I'll leave with this is a good question. Rob, how you buying your crypto? Buying and sort of decentralized exchange? I need an on ramp. So, I use Coinbase. And Coinbase has, I just set it up as DCA and buys Bitcoin every day and I buy some alts every week now. It's very simple. I sign up for Coinbase one. I think it's 30 bucks and you waive all the fees. People will tell me all the time about how well you can get less fees on Coinbase Pro and I'm like, I'm not that guy. I'm not that guy to log in every single day and buy things and do all that stuff. Just not. I'm gonna let it go, I'm gonna pay a little bit extra because I just got other stuff to do. That's it. All right. So everybody, that's it for today. Almost, almost 50 minutes. Thanks for stopping by. I appreciate it. Look, if you liked today's video, give it a thumbs up, consider subscribing. Not that YouTube is going to notify you, but sometimes they do, you get lucky. That's it. So thanks so much for stopping by. I appreciate you guys and I'll see you guys on the next one. Adios.