 Let's get to my favorite part, the Q&A of the day. But get out of here, if you gotta get out of here. Let me stop this banner. Oh, hey, I smoked all my crypto. Let's be honest, sometimes that actually would have been a better thing to do. Let's see, Vicky, my man. Not financial legal tax advice, channels for entertainment purposes only. Dan is okay, but not expert in financial life. These are Dan's opinions. Do your own Dan research. The reality is okay. Yeah, Pate Pato, it is okay. I don't, like people look at this and first of all, you have to understand, we're gonna see some more pain as far as the price action, but nothing's, it's not going to zero. Folks, it's not. I lived through the dot com era and that was supposed to go to zero. And of course, if you've listened to Krugman, he said, who I believe won a Nobel Prize for Economics who said that the internet would wither away and die. And of course, all the sites were worthless and we don't need them. Now here we are. So let's see. Eric said, a clickbait is personally defined. True titles are what to aim for and goes how they are perceived assets. Thank you, debatable, but I'll take it. I'll take the compliment. Rob, what do you make of the drama between Simon, Zach and Alex on Twitter? I want to trust that Simon's our best interest, but it's hard to trust anyone in this current environment. It's true. So I did a tweet yesterday and I asked, because Twitter Spaces is like the big, the new big thing. Everybody seems to wanna pile into and talk about and get all their great information. But some of these Twitter Spaces, all that is is just a bunch of people talking forever about their opinions and not much facts. And I asked that question here specifically. I said, can someone catch me up? Because I mean, some of these Twitter Spaces are 10 plus hours. And a lot of people said the same thing. It's too much. A minute long will be appreciated. All you do is talk over each other. Everyone thinks they're a subject matter expert. Someone put, Aaron says it's absurd. Let's see. FCX updates, I don't know what that is. Well, in Cardano, mainly just rug pulls, Ardano and orbit. Yeah, I understood about that one. John GB sums it up quite nicely. That's pretty much it. So the thing is, what's going on here is, I just sit in the background and wait for the dust to settle and go from there. I really like Simon's plan so far. Of course, the more that you look into it, people will say, no, that's not what we wanna do because we're Celsius and we think we have the answer. We're gonna do Bitcoin mining, even though we showed that other Bitcoin mining operation is in the negative by $8 million a couple of days ago. And of course, I mean, we took a look at the mining operation. I don't think it's gonna work. So I don't trust Celsius, so I'll go with Simon because let's be honest, his track record's a hell of a lot better and we'll go from there. Could that be wrong? Could be wrong. That's just what I'm gonna do. Let's see. J2 day, what's the good news? The good news is that really if you take a look at it, like you already know what's gonna happen, right? The only thing that's truly scary is the uncertainty. Does anybody think that we're gonna hit new all-time highs this year and that we're gonna start to have a major bull run going into 2023? Does anybody think they really truly think that? Or do we all just kind of know? Just not our heads go, yeah, the price actually gonna suck. And of course the crypto products that are actually good and do things and have real utility are gonna grow and they're gonna absorb the other ones that don't really do too much and that's it. Prices will go down. So of course you can take that any way you want to. Some people say I'm gonna accumulate, some people say I'm not gonna do anything. Some people say I'm gonna sell, it doesn't matter. For me personally, I just look at it and go, well, and we talked about this yesterday in the video in the clickbait title, that's right. That you can not be here and you can not DCA but sometimes for me I look at it and go, well, it would be who of me because I don't know what the bottom is and no one knows either. So for me, I think it's the good news. If I just can stick it out for the time horizon of three, four, five, six years, probably do pretty well. I'm not gonna do well next year though. I'm not gonna do well towards the end of this year and I accept that. That's it. Erin says, you're looking to ergo. No, but I need to. I need to do a lot of things. I'm just falling behind. Like today I need to go and we have new doors installed, the condo. I need to go do the painting because we have people checking in in like five days and I haven't done anything. Beardy, when you use gym socks. That's true. Crypto Esquire says, you forgot the upside down question mark. See, it was in Spanish. I should have. Renaissance in trouble because of Alameda. Everything's in trouble because of FTX and Alameda and the contagion. I don't think it's, but you're right. It's very true. Vicki the link, Bickford. That's a good one. Hello, Tesla. Hello, Rusty Bot. Hello, Matan. John color says next year is gonna be worse than I think. No, that's, that could be right actually. Here's the question though. Could you, could you, could you absorb that? Cause next year will be a recession, I think. And if we're in a recession and then the unemployment rate starts to rise then people start losing jobs. Can you get through that? Can you get through that now? That would be the big question. I think next year is gonna suck. Phantom coming back strong. I like Simon. I have seven out of the black fight. Yeah, I put in, I put in like 25 bucks because black fight, they came and they said, Hey, would you like to talk about us? I'm like, I don't even know what you guys are. And they go, we're black fight. So I said, well, let me see how it works. I put 25 bucks in, I think a year or so ago. And I just didn't like the whole process. So I just stopped and I left the money there. So I lost 25 bucks. I'm okay. Vigenta says, Rob, I staked the dot on ledger, picked up a few dollars more than a week, but still says inactive, it's way later. So when you're staking dots, some, there's a minimum requirement. And I think it's over 100 and correct me what wrong here. I wanna say it's 197 dot you have to now stake. And the, and it just keeps going up. It seems like, I don't know why, but that's what it is. Test is around in recession. I have to agree. There are plenty, there's plenty of jobs at Twitter. Look, there's jobs everywhere. There's jobs galore. It's just who wants to work those jobs? I mean, when I was younger, I worked a lot of jobs. That's it. Pate Pato says, all my friends who have been into crypto never read a white paper, not even bitcoins. Now they all gave up on crypto. I'm still here. The crazy they call me, oh dear future. And that's another thing. If you haven't read the Bitcoin white paper, it would be hoove you. We did this on the channel a couple of weeks ago. It's nine pages long. It's very simple. And when you read that, you tell me what Bitcoin is supposed to be as opposed to what people say it is and what it can only do. It's an interesting thought experiment. I'm curious about the Oculus wallet and thoughts. I don't use it so I can't tell you. I just use a ledger. That's it. I just wanna ask a question. Anyone else having problems sending near from Coinbase? Proves you no problem and all the coins, no problem getting out. I just moved some things this morning because I buy in Coinbase. I move into my ledger and then I'm safe. I didn't have a problem this morning, but things change. Rob, you will do well this year. And next year you can have family and friends. Have enough to live on. That's pretty much it. I'm above the ground. I'm healthy for now. And I mean, look, living in a pretty nice area are nice climates. So I'm pretty happy. Some people hate this climate. I personally enjoy it exponentially. Holy smokes. Bicky says, I lost silver in the 80s when the American board of trade went bankrupt. Lots to learn at 50 years old. Interesting. And that's the thing about precious metals. You can custody them yourself, but you have to have them delivered. My brother does that. Seems to love it. But it's a lot easier to self-custody crypto. Ah. Norman says, are we really going to 14K? I'm not so sure. Maybe. I'm not sure either. But it's not looking tremendously fantastic. Ah, great question. Brandon plays drums. What's your view on taking a loss for capital gains tax purposes and then re-entering? I think I've done it before. Did it with XRP? It's called wash trading. And apparently it's illegal in equities because those are registered securities, right? Stocks. But since we don't have cleared guidance, thank you, Gary. That means that we don't know what crypto is. Is it a security? Is it a commodity? Is it a currency? Nobody really knows. So I sold all my XRP right after the lawsuit. I took a major loss. Then I just bought it back. I didn't buy everything, but I bought a good amount back in because I'm like, why does it lock on these rates? And you get to keep some enormous losses. On the flip side, if XRP wins the case and they go up and it goes to $1,000, then of course I'll be happily to pay the capital gains, but I got to keep those losses. And that's what's it. And then also, if everybody's curious, I'm partnering up with Coin Ledger, which is a tax software company specializing in crypto and digital assets. And we're gonna do a series of information videos. We're gonna have a registered CPA, CPA is plural, who specialize in cryptos and digital assets to be on the show. And we're gonna just sit here and answer all your questions. So we'll do an education series of videos to show you how easy it is. You can ask the question that you want to the CPAs. They're gonna give you the information and off you go. So if you're scared about taxes, don't be. We're gonna make it simple, as simple as possible. Okay, thank you. I can move other coins off Coinbase. I've moved near a few times, but for the last few days and nine attempts, there was an error message with near. Near, I just stick it in my, in the near wallet, and then I secure it with my Ledger and I stake it. It's very simple. I have a video somewhere. I don't know if I did it though. Yeah, I don't blame him. I'm scared to death of taxes too. Bobby Shouts, would love to see that. Yeah, Sharon says, it annoys me that BlockFi didn't pay their last credit card reward totally understandable. Yeah, I mean, if you go bankrupt, you're like, sorry. He did. Is pooling.safe? I did a video. Let me show you. It's safe because you control your keys and that's the big thing. So this is Dante's crypto. It's free. It's always will be free. If you go to module five, how do I? How do I use a MetaMass wallet? How do you simple swap? How do I up to the firmware for my Ledger? How do I do my taxes? And this is where it gets to staking Theta, staking Cardano, staking Avalanche, staking Polkadot. That's the one you need right there. And then how to stake Adam or Cosmos. And the near protocol one, I should have done the editing already. I just didn't do it yet. But it's very simple. And of course you retain your private keys and that's the big thing. Coin Ledger question. Coin Ledger question. Is there a risk linking via API? There's always some risk, but if it's read only and they tell you very specifically, if you don't click on read only, meaning that it can only read the data, it can't write the data. I am not the person to say that I know definitively everything that has to go on with like read and write data. But as I have been told, if you can only give access to read data, you can only read the actual transaction that you have in those exchanges to pull the data in. Now if it's read and write, it means that they can change certain things, but they have a failsafe that if you even do that, it won't accept it and it'll kick you out. That's it. Yeah, you know, Theo, someone asked me yesterday, they go, Rob, you look kind of burnt out on crypto. I'll be honest with you, sometimes I do get burnt out. Like yesterday, I just wasn't really feeling it. And like I was looking for some things to talk about and you know, because there's interesting things like, damn, there's nothing really interesting. So I did that thing about DCA, but I still have a little bit of low energy. But it's just like investing, right? Sometimes you don't wanna do it. Sometimes you don't wanna deal with it. Sometimes you don't wanna do taxes. Sometimes you don't wanna just deal with anything. But my philosophy is this, I've always been successful just to be able just to show up and grind people down. Or just to grind away, I guess. You just show up, keep doing the same thing. It's like in the army, just show up with the right uniform and usually get promoted. The same thing here, like not every day am I gonna be super high energy like, this is fantastic. It is, it's a slog, but I hope that if you see this and you can say, well, you know, Rob's here, I'll show up and I'll learn some things and maybe I'll find a catch a glimmer of info that I can use for my portfolio or my strategy. And that's what it's all about, right? And of course you're gonna have a ton of energy when the bull market comes like, I'm a genius. I can't do anything wrong, but that's not where all the money's made. That's not where all the profits come from. And that's it. That's why I show up every day. Improve yourself and improve those around you. That's pretty much it. And admit when you make mistakes, like I've done many a time. Yes, pay, this is my kid. Let's see. Just kidding, he's not. Great, thanks for showing up. That's it. When the hype is over, you can tell it was honest, but you know, sometimes it doesn't even matter who's honest. Sometimes it just depends on the greater showman. There's people who, you know, there's a reason why the Kardashians have a massive, massive global following because they're entertaining. It's like they have massive utility. It's just how it is. Good days, bad days, that's right. Beardy. Rob, what's the exact top for Bitcoin two cycles from now? It's a great question, Beardy. So we're talking about the two four year cycles. So yeah, four, seven. So in 2033, in the next bull run, I predict that Bitcoin will be somewhere between $10 and $10 million. I can guarantee it. Market, market, yeah. James Dean, I've reduced DCA by 75% in the past couple of months, I like to play in the game. Yeah, me too. There's some I buy every day, Bitcoin is something that I buy every week, mostly the alts, and I've shifted that away. The only thing I buy every day is Bitcoin. Oh man, have you seen Guy? Guy looks burnt out because he's getting burnt. He's in Abu Dhabi, or I think, yeah, or UAV United Arab Emirates. I always chuckle because when we had his discussion, he's like, how do you guys do it for the heat because they live in El Paso? And I said, do you either love it or you hate it? And Guy's from London, so he's just miserable some days. That'll be okay. Where do you store your data? It's a great question. So it's in my Daedalus wallet, which is also secured with my ledger. I love the Daedalus wallet. Some people hate it because it takes so long, but I know it's secured. I'm running things in the background. I just will do that. Bill Bones with the Avogaci, I destroy the like. Linkstaking camp, oh, that's gonna be huge. I thought we could stake it already. I guess not. Oh yeah, Kim's got utility. It's funny. The best thing about a man is a free jerky membership unless you're beardy. Hey, you know what we should do? We should give away some wrenches, make some admins. Who's down? Let's do it. You on YouTube. Who wants to see? Who's down? An admin. Norman, congratulations. Who have I seen a lot here? Well, Guy's been here for quite some time. Ben and Mertesha, you already won. Crypto Esquire, you already won. Pickle, not yet. Guy is looking rough. Random boxing guy, I would remember that. Let's see. Norman? Oh, you're already a moderator. Yeah, Pate Pato, I'll get you the next one. It's a very bold prediction. You have a point. Old Bear, you already won. Crypto Esquire, you already won. Bill Bones, keep coming back. He'll be there soon. Tesla, beardy, Mr. Wolf. Guy Fox, I think I gave it to you. And now I see all the wrenches. Gary, I'll get you the next one. Gary LeBlanc, next time. Trinity, I don't know you that well. There's never too many wrenches. And that's, I think that's it. Okay, Joker. Our Joker, next time. Right, fair enough. And let's see, what else we got? Any other questions before we take off? Dubai hates guy, I don't think that's true. Looks like someone got a case the Mondays. Have you ever said that? No, I've never said that. Office space, classic. Ah, okay. Tika Von Rensberg says, Rob, I have friends who invest 10 bucks a month with me on ETH or Bitcoin, moving ETH or Bitcoin to a safe wallet costs too much. What do you suggest? Well, the thing is like this, what was this? It depends. Like there is a fee, of course. However, there's either a fee of a good amount or 100%. So if you're investing 10 bucks a month, maybe you could think about leaving it there for, I don't know, two or three months. And if you lose 30 bucks, if that kills you to lose 30 bucks, I don't think you should be investing in the crypto. That's just me. If I needed 30 bucks to survive, I am not gonna put it in the crypto. I'm gonna put it into food, I'm gonna put it into my electricity bill, all sorts of things. So that's what I recommend. Don't invest more, you can afford to lose. And if 30 bucks is too much, and that's in 10 bucks a month, don't do it. Crazy man, always bad. It's not always bad. It's all you look at it, really. For the, where'd it go? Robert says, do you still keep any crypto in a crypto Roth IRA? Yes, I do. It is called, I trust. And it does go against my principles of not controlling, really, because you wanna control your private keys. So with them, again, if I, for some, and we talked with this to great detail about the coal mangling of funds, they don't do that. They don't have loans, but can you trust anybody? Who knows? And then with that one, I say, let's go out and ride. We've been doing it for two years. If things go down, at least with Coinbase custody. Look, if Coinbase custody goes down, that's where they keep your crypto. Guess who else is going down? MicroStrategy. All their crypto is gone. If you think, Sailor and MicroStrategy, if they go down, you think the worst thing that you lost, your Roth IRA, which you can't, you can only max out $6,000 to $7,000 per year, anyhow. So that's too much, don't do it. Second of all, if Coinbase custody goes down, that means that MicroStrategy goes down, Sailor goes down, everybody goes down. I think now you're gonna see the market go way below a 10K Bitcoin, just saying. And that's it. There's also another option. You have to take a look at it though. It would be to, this is what Dr. Payne does. He does it in a trust. And to do a trust for your retirement account, you have to hire lawyers, there's some documentation to do, a lot of filings, and it gets kind of pricey. So if you wanna go that route, you can control your ledger or your private keys, but there's a lot more stuff involved now. And I haven't done that, so I can't speak to it. I just know that it does exist, that's all. And I don't even know if it's, if you can do that state to state. Not for sure, because I've never done it. I just think things easy. Go to iTrust. There's not even a monthly fee anymore. Yeah, if aliens land. And that's also true. There's no golden parachutes. Yeah. Honduras, Bangston's. I think I hope I said that right. I'm following my same strategy that I had in 2018, 2019. Same as mine. I was DCing all the time. It was not fun. It sucks. It feels like you're just throwing your money away, sometimes. But starting out DCAO was great, so now I have funds to repeat. And then we get to do the fun things, which is like in the bear, in the bull market, go, hey, I've got a lot of options. Hopefully, and thankfully, I have a plan that I created to sell. That's it. All right, buddy. It's okay. All right, buddy, that's it for today. So look, if you like this video, give it a thumbs up, consider subscribing. We do this stuff every single day. And I know that the news isn't the happiest in things, but there's always a different side to the same stories to take a look at. I'm not here to give you hope, Ian. I'm not here to crush you and dash your dreams. I'm just here to give you a reality and a secondary look at what's happening. And that's it. So that's it for today. Thanks so much for stopping by. I appreciate you guys, and I'll see you on the next one. Adios, have a good day.