 to a little Q&A and go from Zah. And Red Panda. And everybody thanks for stopping by. It's always good to see the usual suspects. Red Panda Pie, Red Panda Pie. It's all about liquidity. The Fed are stuck on liquidity to create this recession, so more risk in the environment, less people will go for risky. Less people will go for risky assets, all to the first most impacted already. Yeah, it's true. And it's exactly what we saw from Professor Siegel. He said, look, he goes in the recession, and it always happens. Things get overheated, things get really worried, people get really worried, they get scared, VIX goes crazy, there's a fear and greed index, and all of a sudden people are so fearful that they're like, I gotta take everything out now because I gotta hoard everything because this is the worst recession we're ever gonna have. And maybe, well, I don't think we're gonna go into a great depression like we did in the 20s and 30s, but maybe we'll have a hard landing or a soft landing, but we will have a recession, I think. I think the same thing will happen. A lot of the people who are not used to it, they will take their funds out. The equities, stocks will start to crash, you'll see probably an increase in precious metals, and hopefully the people that can understand it will get into crypto and digital assets. I'm not for sure if they really will. Probably they'll get scared and take it all out, and that'll be that. I think us in our market, like we're everybody here right now, has anybody not gone for more than a 10% loss? I know that's hilarious to say, but I had to ask the question. Has anybody here not gone through a 30% loss? Again, very funny to hear us say that in crypto and digital assets. If you went to a traditional equities trader, investor, and you said, have you gone through 30% loss for your stocks, especially like an SM500, they'd be like, that would be the worst thing of all time, that's a Tuesday for us. So like when we see these things, like it's not a big deal to us, I think the last one standing will be the people that are really battle tested. I think that will be the people that are right now in crypto and digital assets, which are you watching this video. So yes, as far as stuck out liquidity, and then of course the balance sheet, I think the Fed has taken off roughly $1 trillion. They're trying to roll things off. Interesting enough though, I wanna take a look at the money supply. Let's take a look real quick. Pup, pup, pup, pup, pup, pup, pup, pup, pup, pup. Why, right here, that'd be good. This is why I like Ben's site because like I can just look up things quickly and I don't have to search around for some random free site. So yeah, the money supply. Pup, pup, pup, pup, pup, pup, pup, pup, pup, pup, pup, pup. This of course you don't know. Deposits, money market securities and time deposits such as CDs, M1 includes currency demand deposits and the liquid deposits. Pretty much all the floating funds that are around in the United States, as far as the money supply here. Now you can see that, yet we topped out, we bottomed here, we didn't bottom, I shouldn't say that. We decreased from roughly July, 2022 to April, 23. But then we did start to do a little uptick, but in August, we'll see what happens in September. When the data comes in, we actually did decrease a little bit. But again, on that one, there's a little bit of money coming in from the printer. The feds trying to roll things off their sheet, but I will remind you, I think that the American governments just added on one trillion or 500, I think it was $500 billion in two weeks as far as debt. And of course, right now we're over $33 trillion. So just something to consider when we are talking about these things and yeah, it is dangerous. All right. Good question, Panda, as usual. The bot, I see. Now, don't sell your kids and kidneys and everything else. There's a, we have a long runway, it's okay. Yeah, FD white. FD white, 10% loss. I took one of those two hours ago. It sounds like most of us. That's not really, that's pretty much par for the course, honestly. Again, I think for us like 10, 20, 30, 50% is a pretty bad week. Let's be honest, but I mean, we've been through it. And if you've been here for a year or so, you've felt the 70, 80% like it's a, that's just how it is. That's like a normal thing for us. I was like, kinds of what you're doing today. Left them out. Thank you, banners broker. Hopefully, when we get into the bull market, see, I'm not worried about the bear market. What I'm personally worried about is the bull market, because we spend so much time to bear as it seems like that we don't pull the trigger to sell. And I will not allow that to happen again. I did pretty good last time, but I'm going to make sure that I do it as best as I possibly can this time. And I'm not gonna hit the top, but I'm gonna take some pretty big profits along the way. And that's it. Josh or Martin, there was a session called for 2023. It never came. 204, they're throwing the printers. It's all TS and then crash late 206. Yeah, perhaps. Perhaps so. Really, I think it really just did come down to everybody was worried about the Fed hiking the rates. They took a look at the Fed rate hike and said, well, if they're hiking rates, there's only so high it can go. And they're gonna pause at some point. It never did. It just kept going and going and going. I think people started to judge and measure from those points into where they actually paused. And this was the actual real pause and why we talked about it. I don't know if it could be 2026. That'd be interesting and go against some different things. But I mean, it could be possible. The big thing though is just to, really what it comes down to is this, the time that it takes to pivot to a recession, we just took a look at the charts. It's very fast. I mean, it's between somewhere between two, I think at the most six months. So if we have a very long time of them just pausing higher for longer, higher for longer, then you're correct. We could definitely see that it could elongate out. The big thing though is just to see when is quantitative easy gonna come back in? When is it gonna be more liquidity into the space? And of course, the big thing is then when Bitcoin ETF, I think that'll be a big one. Whenever that happens. Yeah, it does get out of here. Can't get away from dinner. Let's see. Yelmo. Why does Solana pump 30% and then drops more than other altcoins? Cause there's more sellers than buyers. And that's what it is. Who knows? If I could tell you guys some stories in the live stream about the things that I learned in when I went to Korean Blockchain Week in South Korea, I met a couple of people that were in the early days of Solana. Great stories. Now I understand why it went up so high. Can't say it out loud, but yeah. Dave says, I epic failed last run taking profits. Now whatever. I epic failed last run taking profits, plan B prediction of 100K after me up. Better prepare for this one. Look, let's be honest. We all thought it was gonna be 100K, even me. But we can't go and say, well it's this guy and that's guy and that guy. I understand the 100K and we had it in our head. But for now on we know better, right? And hopefully like things that I tell you and then some other people will explain that predictions are worthless. They are either stupid and they're dumb and I try to stay away from them. I will give you one prediction right now for Bitcoin. In the next bull run, Bitcoin will be between $5 and $5 million. I am 190% sure that's where it's gonna be. So that's probably the best one you can possibly get. All these ones, you know, like Jesus, fidelity and different ones that are coming out and just they're just random numbers. And of course it's an educated guess, but it's still a guess and I hate them. I hate them because people get in their head but they don't look at indicators. And like I'm not a big TA guy, but I even me in my low IQ can take a look at the MVRBZ score and say, you know what I think things are overheated? The MUPL, I could take a look at that. Makes sense. I can take a look at wristbands. Very simple. It just kind of pull those things all together. If you don't know what I'm talking about, there's a link in the description where I say this is the indicators I'm gonna use to sell 80% of my crypto. So check that out, lovebug. Hi, your opinion, good sell point for Bitcoin. That would go into predictions. I can't tell you, lovebug. But again, watch that video and you'll see it's very easy. And the indicators that I give, most of them are free. I look into Bitcoin, so there's no excuse. Now, the next thing you might ask is, well, Rob will I hit the top? No. You won't time it perfectly, neither will I. The only one that we can be sure of is that at some point we'll probably buy the bottom if your dollar cost averaging every day. That's the only way you can really do it. Holds good tech. Fine made a live event. Hey, that's a good handle. Ryan says, do you tell James at Invest Anarchist the slum stories? I'll tell him in private if he asks. Sure. I've told some people, they know. And they're like, yeah, that's exactly what it's. ABD Sam says, Rob, my buddy is waiting for 12K Bitcoin for lump sum buy. I've been DCing at a Bitcoin, been approved since January 203. Who are you rooting for? I'm rooting for everybody. I mean, if I'll be honest with you, I never invest more than I can afford to lose. If everything goes to zero tomorrow, it won't crush me. And why? Remember that video, the Masterworks video, and you took a look at my portfolio. How much did I have into crypto? It was 30% roughly. How much did I have into real estate? About roughly 35%. How much did I have into cash? How much did I have into iTrust or Roth IRA? And it just goes like that. If I lose this chunk, I mean, it's not gonna be like the greatest, but it's not gonna crush me. I didn't put everything into it. So for me personally, I always thought that Bitcoin would go to 12K. And I've been wrong so far. But if it does, it's not gonna crush me. And I will say, well, great, because bear markets don't last forever, just like Professor Siegel talks about. And bull markets don't last forever. So it's important that we get this in our head that at some point, and I'm not telling you to buy every dip because people are just dipped out. At some point, you gotta say to yourself, maybe it's gonna go lower. Lump sum of 12K, I wouldn't specifically wait for a specific price point. Again, look at certain indicators. Look at the quantitative easing. Look at when we start to pivot. Look at the yields and kind of go from there. 15 would be nice, you're right. Do you think September of 25 close to top? Gosh, when was the last time we hit 30K? Oh yeah, that was a couple of days ago. Or that was, I think it was like, yeah, a couple of days ago. I'm hoping that the low was November 22nd, 2022, which was roughly $15,700 or something like that, but might not be. That's a great green square, the guy over there, yes. It's very difficult to Photoshop a person in the background. I'm able to do that. What are your top five crypto holdings? 75% is Bitcoin and 10% is Ethereum. And when I was going through my last, well, in 2017, when I heard people say the exact same thing, I'm like, what an idiot? Why would you put 75% into Bitcoin? Actually, it's 2018, because I was like, it's not gonna, even it goes back up to the all-time high, it's not that much. Why don't you just put more into alts? It's because it's safety, really what it comes down to. So this is just what I'm doing. Some people have a higher risk tolerance or they have a higher timeframe or they have totally different goals. That's why nobody on YouTube should say that they're a financial advisor because they don't know who they're talking to. So for me, it goes Bitcoin, 75%, 10% of Ethereum and the rest are alts. And some of these I dollar-cost average every day and some I dollar-cost average every week. So it just depends. And if you wanna see exactly what those alts are that I dollar-cost average into, follow me and then I show those on Sunday. I made a mistake last Sunday, which I didn't show you just how far things can run up. That was a big thing. Looking forward to hearing you debate Ben on Bitcoin, Dowments and DCN. Love that everyone has a different perspective. Yeah, it's, I mean, there's only so much me and Ben can talk about. Ben's got his plan and he's sticking to it and I have my plan, I'm sticking to it. And so far I am down, but again, not really a big thing. Ben is waiting for the right time to deploy. I think he's gonna do maybe value-cost averaging or just lump summing, whichever way it is. It's a funny thing though, because like it's one of those things where like, when we talk about investing in the crypto and digital assets, unless you're gonna like go into Pepe and YOLO, everything, it's one of the few markets where you are talking about like a 10X, 25X, 50X on certain alts. And then even with Bitcoin right now, you're looking at to get back to the all-time high. It's a 2X, but you can't do that in the NASDAQ. You can't do that in S&P 500 in less than a year or even two years. It's just impossible if you're doing equities like that. There's certain ones you can get into which do take off, but not in indices. So when we talk about this, it's really just comes down to like, okay, are you gonna be a millionaire or a multi-millionaire or a billionaire? Just kidding. And that really depends on what you put into. And that's actually not a good way to say it. I shouldn't say are you gonna be a millionaire. I'm not saying people are going to. But I think that realistically, for Bitcoin, you could probably over the next three, four years, you could do a 2X and for some alts, you can do a 10X. It's already happened. Oh, I didn't wanna say too much. I'm to the carnage. That's right. Teeny Tesla, but she made it. Yeah, that's right. Ben, two words for you. Aaron Bennett, remember? So we need to talk about that tomorrow. Do not let me forget about that. Hey, did you know your chair's here? Let's see. Absolutely. I'll be there for the chat. Ben's chair, congratulations. You're gonna be a moderator at some point. Let's see. It'd be funny. It'd be funny if Ben's chair was Ben. It would be funny. Maybe that's like Ben's alter ego. Like when he really wants to scream and yell at people, like he would just create a separate account, Ben's chair, which would be a pretty poor decision. I think it better just something else. And he starts just going off on people in the chats. Well, and Aaron, Ben did call the mom there. He did. I think that's it. I think we're good. Last one. Hey, Ray was here paying about the new hardware Tracer wallets. I said, let's take a look. Let's see, compare wallets. Is there something new? I was at the stacks. I don't know about that. I can tell you one thing, it's pricey. But I mean, can you really put a price on security? Right? Before anybody says, you know, Ledger has had hacks, they've never had their cold storage advice hacks. It's only been just your personal information, which if you're on the internet, good luck with the out your personal information being hacked at some point in your life. That's all I see. If it's the stacks, it looks cool, but I don't know, if I pass on that one. I've already got three. I got an Ellie Powell, I got a Tangem, and I got a Nano Ledger. I got two Nano Ledgers. Actually, I got three Nano Ledgers. I'm good. I think I'm good. I think that's it. And flip it. If you haven't caught my video on flip it, I gave away a bunch of these meme coins and I told everybody what I'm gonna do is I'm gonna give these to you and they're gonna be free. I'm gonna airdrop them to you. And I put everybody's information in and I gave it all to them and I go, okay. Now this is gonna be like the Mexican standoff or the, you know, the scene in every kind of Western. Who's gonna pull first? Who's gonna dump on who? And of course, by the time I got that out of my mouth, it was already dumping. So I'm like, see, that's it. Yeah, it's hard not to, hard to let things run up unless you have a tight knit system of people who are whales and they can control the vast amount of that crypto. And maybe they were in a chat group and they were able to talk to everybody who had all these coins and ran the price up until a set point and then they were able to sell. I'm not saying that's what happened. I'm just saying, what if that, what if it could. It happened. Let's see. You're saying peak is 20, 29? No, no, no, no. I think, like the viewers took a look, I think that for recessions from pause to recession, you're looking at a year, maybe a year and two months, taking a look at the last three or four and we've already paused. So expect, if you take a look at that data and push it out, you're looking at, like I said, July of next year, and then recessions last 10 months, roughly. Could last longer, could last shorter. Everything's in there, but the thing that I, the whole point I wanted to make of this whole thing was that people are scared because they hear the word recession and they see that the Bitcoin halving is coming and they're like, great, well, now I gotta wait eight years or I gotta wait for so much time. And I'm like, no, that's not what's happening. Recessions don't last forever. These timeframes are finite. If you just fall around on this continuum, maybe you don't get it exactly at April of 2025 when things go off, maybe it takes a little longer, maybe it's even shorter. And that's the whole point of this video is just to give you an exercise to say, not everything's set in stone, kind of like different stupid price predictions that never come true. And you just take a look at the indicators and look at the data and go from there. That was the only thing I'm trying to say. Crash incoming, sure. Take profits, then try and DC in your bottom or DC in over 10 or 20 years. That's what I did for 2021. Didn't do a perfect job, but that was the whole point because we'll always be here. And here's another thing. When you guys get and you make all this money, I'll ask a question. You can put it in the comments section. If you would be so kind, not in the live chat in the comments, the question is, if you made enough money to not work, what would you do? Before you say, I would sit my ties and hang on the beach. I've done that and it sucks. It's great for so many months, but then at some point you have to have a purpose. So think about that and let me know what it is because some of you will not have to go to work. There's no reason for you to work after the next bull run. You could be just fine. And that's within the realm of possibility. But the whole point is that this is even if you sell and you make a ton of money and you're in fiat, what good is that fiat? If it inflates away, you will never stop. You will never have to stop. I mean, in certain situations you can, but most of us will never have to stop of taking those profits, investing in other assets, selling those assets, moving those into a fund, buying other assets and around and around we go. Because if you don't and you just put all your money, a million dollars is not gonna be, is not gonna buy, a million dollars a day is not gonna buy a million dollars that you think in 20 years. That's all I'll say. Memes right, the best in education, it's the best thing. The fact you're in the tax and fees as well, exactly. That's why you have to hold things for over a year. Depending where you're at. I know in Germany, I think you guys get no taxes after a year for capital gains, which is fantastic. For America, short-term capital gains is less than a year and it's pretty pricey. Depending on your tax bracket, I would invest time, health, yeah, that's right. Did you get more pet parents? Trasor not ledger. Oh, Trasor, let's take a look. I know Guy did a interview with I think some of the founders when he was at Bitcoin Amsterdam. He really likes Trasor. I always thought it looked like a glucometer. That's it. Looks nice, I guess. I mean, I guess the old one. Yeah, I mean, I'll do the same thing, all right? So, I don't think that one's either been hacked either. So yeah, ooh, rusty. I would move to a warm place and start up rusty's bakery, sell allergy-free pastries while drinking my time. Sounds pretty good. Yes, exactly. That's a good one. It did look like a glucometer. Is there an inverse Cowan ETF? I have to ask him. Good stuff, good stuff, everybody. So we're coming up on the hour, well, I think 45 minutes. But again, thanks for stopping in for our second session. Electricity stayed up, that was great. But that's it for today. So tomorrow, it'll be the NFA show live. It'll be on, I believe, Guy's channel, pretty sure. And we'll go over things. We're not going to be delving into the Bitcoin ETF because sweet Miriam Joseph, everybody's been talking about that to death. When it happens, it happens. Great, there's other things to talk about. And we'll go over that tomorrow. So, and I'll see you everybody tomorrow. Thanks so much for stopping by. I appreciate it. If you would be so kind to hit the like on the way out, maybe subscribe, and that's it for today. So thanks everybody. And I'll see you on the next one. Have a great one.