 Great welcome digital asset news like a top stories and crypto break them down a bite-sized piece So today welcome to the live stream one of the earlier probably one of the earliest ones we've done Almost in a very long time. So today What we're gonna talk about is exactly or hopefully what is going on for this weekend as we see not only just volatility But different exchanges doing the same thing across the board and it's just uncanny timing So we're gonna take a look at the market if it's holding out, okay, and what's going on I'll also take a look at it's a little on-chain analysis just to see Where people are or not selling and then take a look at market value We'll talk about why the exchange are stopping or slowing down withdrawals and why that is going on now We'll take a look at the warnings from some people such as Arthur Hayes former CEO of bitmex or maybe the current Thing of what's going on with that situation? And then lastly we'll talk about the good news which is few and far between these days, but it is out there So and then of course the very end will do Q&A and I'll answer all your burning questions to the best of my ability So first things first, let's take a look at what's going on with the market They look at some on-chain analysis. So I gotta tell you I gotta tell you for the negativity that is going on in the market and for The different exchanges either halting withdrawals or slowing withdrawals or different crypto companies At risk of being bought out Bargains move surprisingly well. It's a quite uncanny as I say so Bitcoin. I mean it didn't drop a ton That's still at around 19 19 3 the 3m is up a little bit. Everything's just holding in a holding pattern Why is that? Well a lot of these places are in some exchanges to be able to sell or Take your your crypto even off the exchange. You can't do that So this is why things are going on right now, but remember that's not all the exchanges I mean, I believe by and hand still has withdrawals. I believe coin bat coin base still has withdrawals I believe FTX you can still sell and Take your crypto off However for some of these places it's not happening and it makes me wonder exactly what's going on and Which type of entities are keeping their crypto on these certain exchanges? So you can see right here still holding up I mean even Solana and dogecoin is up she be you knew and down the line anything all stellar is down a Point and no one really cares. Let's just tell the holder like me 2.5% for a 7.3% potatoes amazing still on that So that's exactly what's going on with the the market itself again quite surprising. This is what's happening Let me refresh it just to see where we're at freshly Yeah, 0.2% insane so Let's take a look at some quick on-chain analysis just to see where we're at right now. This is from crypto quads Like these guys got some great data and We take a look at first of all, I would like to see First of all, I like to see if the miners are selling and we can't really see it too. Well, let me blow this up I want to go over these What I'm curious about is over the last month or so is If miners are selling off because they had to pay the bills you got to keep the lights on that's just how it is and we saw two peaks here looks like 15th of June and 21st but right now along they continue them looks to be pretty even out Let's let's break that up a year a year You can see there was even even greater outflows or greater cells I mean looking 31st of March when Bitcoin was all those are good days 45,000 Way way higher and of course as it drops down I think this is where they sold a bunch so they can keep the lights on so that's the first part here And we take a look at Bitcoin exchange reserves My question was are people transferring it to the exchanges to sell off Bitcoin so they can cover things Well, not really we take a look what's going on Let me blow this up and that's not to say they won't do this You know later because which market is liquid 24 7365 besides Forex. It's crypto. It's not gonna be the typical traditional finance Stock markets is not going to be open Saturday and Sunday. Oh and also Monday if you're not from America We have this holiday which we love. It's called 4th of July Declaring independence all that great stuff shoot off fireworks and everybody has a good time grilling out drinking Time with family also what we don't do is we don't really do a lot of trading and the again stock market isn't open So you can't it's things just become Just solid and then a holding pattern So it's a three-day weekend where you don't have access to liquidity in traditional markets But you do have it over on crypto and I just find it the timing quite odd So anyhow about the reserves if we can take it again, let me blow this up over the last month or so We've seen in actuality We've seen quite a drop of Bitcoin being put on the exchanges the blue line here is exchange reserve Meaning that people are taking Bitcoin off of the exchanges. There was a little bit of a bump 13th of June 14th and 15th, and then just sideways Sideways and now here we on as of yesterday the 1st of July. That doesn't seem like it's too much So we'll see how it goes and then over the over the weekend if they're in exchange There's a little bit of an uptick not Amazingly amount Bitcoin taker buy volume people are buying up as things go down as far as the price You can see there's a big buy wall, but I think that's going to dry up at some point and here's the interesting part again leverage Leverage leverage. I just don't get it Why people are going on leverage and I know people will say well Rob I made a ton of money on shorting the market. That's I mean, that's what the markets for I just don't see the 25 50 100x and You know betting on money that you don't have but I mean, I'm not a trader So that's all you and then this one is also interesting The market value versus the realized value and we have talked about this to almost ad nauseam and what we talked about is that basically the values And then anything above 3.7 indicates a top anything below one indicates a price bottom and you can see right now pull this up That we are well below one. Does that mean it can't go further? Yeah, I can go way further way down, but if we take a look we've been under this Market value versus realized value since roughly 12th of June where we hit when we went below one to 0.96 that wasn't the price was 20 to 4 Is that a bad price to buy Bitcoin at well in the short term potentially maybe Bitcoin goes at 13k You're like, oh, I bought it at 22k, but maybe in three five ten years, which I have my site set on Maybe this this probably won't be for me a very bad position Again, not financial vice not a financial visor But we've been under this this ratio for quite some time and look how far the price has gone down. I mean look 19,000 to 10 even when it was down here 189 and we have seen this This market value the MVRV ratio go to as low as actually you see Here it is on June thousand June 21st thousand fifteen zero point eight six zero point seven six thousand fifteen I Think it's even gone. Yeah Zero point seven one or zero point seven so even though today We're at a value of zero point eight six doesn't mean it can't fall further just because it goes below one doesn't mean stay Absolutely bottom, but it is interesting timing so that concludes with market value load on chain analysis Let's talk about this Exchange stopping or slowing withdrawals. Why now I think we kind of get it We kind of understand that there's only so many liquidity places You can you can pull money out of and if you're and if you're losing your tail in Traditional markets margin calls things like that you need cash fast. Where do you go? Not a payday loan service You go to the exchanges or you go to crypto and you start taking money out of there and Simon Just asked the question all these bad news had a drop before the long weekend. I'm like, yeah, that's true We just saw Voyager Stop all withdrawals. We just saw crypto.com. They slowed withdrawals We've seen the problems with Celsius for that was before hand and it is just interesting timing and I and and correct me in the Comment section if there's any other exchanges. I'm not aware of right now That have slowed down withdrawals or have stopped them all completely. I know there's one coin flex Something like that. It's done the same thing. So it just is just interesting timing and It just feels like and I even said I think there's something brewing There's something happening in these three days And there was something that People got wind of or they were aware of and they said hey We need to stop or slow down these withdrawals because the big bad's happening now Does that mean that is that is a for sure thing? No And does that mean just because I talk about it that it will actually happen? No, but Time remains we it's only Saturday. Let's see how Sunday and Monday play out and this was This was a tweet from Arthur Hayes and Arthur Hayes former or current CEO of Bitmex had some legal issues But this is this is him Saying some things and if there's anybody who probably has like like an inside bearing of what people are doing It might be this guy since he hung around with a lot of the the big whales or what it was This is what he states by June 30th second quarter ending, which was two days ago The Fed will have enacted a 75 basis points rate hike and begin shrinking its balance sheet July 4th falls in a Monday And as a federal bank knowledge, this is the perfect setup for you another mega crypto dump There are three ingredients in this humble pie risk assets will again rediscover their dislike for tightening us US dollar liquidity Conditions sponsored by the Fed to crypto funds must raise fiat to Satisfy redemption requirements by continuing to sell any liquid crypto asset again Where are you gonna sell it crypto market? And then of course no cash can be deployed until Tuesday July 5th You know that makes me it brings a question to my mind that we're talking about risk on assets We're gonna take a look at NASDAQ Just to see how it all played out I gotta tell you it actually was up almost a point Of course that was yesterday and that's where a lot of the tech stocks and I'm a little more risky Riskier plays and say like an s&p 500. It's okay. That one stays. Okay However in other traditional markets, I think there may be some stocks that may have been down a little bit And maybe again these people are trying to find a way to sell that and then There was a great video This is from George gammon and he talks about and this wasn't even this was on june 23rd And he talks about why the the truth about the crypto crash and why it was going to crash and really just came it comes down to this The Fed has to do Two things they have to control inflation And the best way to control inflation, of course is by raising rates and also there's this thing called a philips curve As unemployment goes up The inflation rate hopefully will go down. So you have to do a lot of a lot of Finangling behind the scenes to get the economy under control. The problem is right now Is that there actually is a pretty strong market and the unemployment rate a lot is bringing up? Yeah, just did this one. I believe it's at 3.6. Yeah, we're at 3.6 Percent which is pretty stable. I mean we had a big spike here in a thing called coronavirus but so far 4 percent It's been 3 points. Well, February 3.8 then it's gone down 3.6 3.6 3.6 And then we'll see what it is in june. So it's getting a little bit tougher. However, we've seen layoffs in the crypto sector We're going to see layoff in the wall street sector. We talked about this two or three days ago and then gammon here Had a pretty good point. He said He said you see this in the hospitality service some people have left their jobs And they've actually lived off the assets and one of those being crypto and he said one of the one of the owners of Local restaurants He was losing a lot of a lot of his labor force because they were just not they didn't have to work and they said Why why are you leaving? And they said this is like, you know a year ago or so and they said well, I did so well in crypto I don't have to work. I'm just gonna take some time off. He said but now They're coming back going hey, can I get my job back? and I think That meme with mcdonald's guy putting the mcdonald's hat on could be actually 100 accurate. So as workers start to come in Then of course, there's only so many work as you can take unemployment rate goes up The Fed claims victory and says ah see we we raise the rates which of course People don't like too much then they get they panic They start to sell off then the price of assets go down crypto starts to crash first Then we start to see a traditional markets and it's just a chain effect and everybody claims a victory Everybody's happy except for the people of course in crypto So I linked that video. It's about 17 Yeah, 12 minutes. You can watch the whole thing. It's fantastic very interesting So I just think right now for this weekend We're gonna see people sell off where they can sell off Hasn't really happened so far yet and it just makes me wonder because we talked about this yesterday. We talked about about Well, this is a video that I did on June 22nd and I just talked about voyager and their Balance sheets and their loans and their assets and we talked about the rules and and again about 10 days ago or so 10 days ago and I just talked about how I like voyager like the people But I can't trust them at this point take your take your crypto off and um it just It's just odd because they they got a loan for For pretty much everything that he loaned out to three arrows capital They got a loan from Alameda research for roughly the same amount So to me, I'm just like well, they're liquid. They still have it there So why they shut down withdrawals unless there's something that somebody knows that will never be privy to They're like we don't we know that there's gonna be a big run for whatever reason. So we're gonna shut off withdrawals again There are exchanges that have not and if you take a look at those The coin bases the finances the FTX's It's just interesting that uh, there are certain ones that have and certain ones that have not so anyhow Uh, we'll see what happens in the next next two days or so I just find it to be very peculiar timing. I just want to bring everybody's attention And maybe if we get past this weekend, maybe there's a little bit brighter horizon And then of course that only means my next point the warnings Uh, we talk about this at nauseam. I know people are sick of it I just it just is what it is and I can't help it but uh, you know these rules underneath me I'm not gonna repeat them again But they're gonna be there for the rest of the time That I I deem them as relevant and I don't see that me taking up these rules off anytime soon That third one nothing on exchange is is a big one And uh, so the question then is what's going on with coup coin? So this was a tweet And it's not that that coup coin is like a big exchange, but it is something to note Uh, Q coin is only 300 341 bitcoin on the exchange. It could use to be much bigger. You can see back here in 2021 Uh, there was a lot a lot more and now it just seems like people just they took it off and they're selling So again, if you Have any crypto on any exchanges This might be the time to take it off if you can take it off I will say that I still got 3 of my portfolio in celsius I still got a little percentage, uh on voyager. I didn't take it all off like I told everybody I should have sold those voyager tokens. It just Didn't pull it bigger and that's it. Uh, guess what rob's not perfect rob makes mistakes Probably mistakes a lot actually I think mistakes. It's just i'm human. That's what it is. So Does the warnings want every reminder of that and then let's get into the good news because Is there any good news? There is some good news may not be something that uh, you want to hear but through the lessons of pain There is A little bit of brightness at the end of the tunnel and this was a great video and I linked it's Telling you the description I'll link in the description and this is a gentleman who He used to work during the 2008 Uh major recession when everything I don't know if you were around but that was when Like there was the unemployment rate went high. You saw massive foreclosures of homes people getting kicked out of their homes Lehman brothers Collapsed I mean the whole world economy was pretty much on the brink of collapse And uh, we went through some pretty dark times but During those times towards the end you're going to hear about the mentality and this gentleman lived through it He worked through it and he's going to tell you exactly how he made it through And just the lessons that he learned. I think this is invaluable three minutes. So let me Because at some point you're going to need this information Let me share my screen Tab Let me mute myself. You don't hear me. I was a frontline worker in the 2008 real estate crash I used to wake up at 7 a.m And drive around lake tahoe where i'm from and check on about 10 to 12 properties that were in foreclosure My dad was a real estate broker at the time and he had a direct connection with the bank that owned many foreclosed homes And it was my job as his assistant I was a young guy back then to drive around once a week and check on all the homes I saw things that would blow you away homes so neglected that people were throwing away all of their trash In the living room for months animals living in the trash in nests People so angry about losing their houses that they would leave human waste in the toilets When they left and I would be the one to discover it months later Sometimes I was the first person on an assignment at a new foreclosed house The first one to see it since the previous owners or tenants vacated People would take appliances toilets They would remove the fixtures all because they were so angry that they lost their house Now why am I telling you this story? I'm definitely not saying that the current recession is going to see real estate hit that hard But I can tell you that other asset classes Maybe hit that hard and here's my wisdom I bought a duplex in 2012 at the very bottom of the market and what I want you to know Is how bad the emotional sentiment was at the time the seller who I bought my duplex from Was so sure that real estate was going to zero that she was crying Tears of joy when I took the keys from her true story The key during a recession is to look for distressed assets whose fundamentals haven't changed The reason I did so well over the years on that duplex investment is because the fundamentals of real estate haven't changed You're going to see stocks and crypto and houses get completely obliterated in this recession And the way to make money is to look at the fundamentals tune out the emotions I just told you that the seller of that duplex was crying tears of joy to sell her property to me at the bottom There are going to be waves of emotions that dominate the markets over the next Two to four years and your job is to find asset classes with the strongest negative emotions But which still have normal fundamentals and which are basically on sale You'll see a lot of tick tockers and influencers say that there's going to be more millionaires made in the next two years than ever before But nobody's telling you exactly how that's going to happen And I just told you the other advice that I have is to look for unique opportunities That are right under your nose that other people might not be seeing because they're not a plumber Or an electrician or whatever you are and you're seeing Opportunities to start businesses or buy distressed properties Or you have special information on a stock or a company that other people don't have because you work in the industry So that Sage advice. So I mean, look, this is what's going to happen I saw it before I'm probably going to see it again exactly what this gentleman has talked about You're going to see people who are really you think capitulation is bad now Wait for a year or so when the official recession numbers come out, which I still believe when a recession I could be wrong But says if this If this isn't a recession sweet, baby Jesus, I don't want to feel one. So this is uh, again Pretty good advice. You're going to see this later on coming down and people are going to Again, this the the same thing happened in uh in 2018 When people could not get rid of crypto fast enough like just get rid of this junk And then of course I went down and down and down and then people were like just happy Just to get it off and I think the same thing is happening now And I think this is one of the reasons why some of these exchanges said hey People are selling and of course, it's not the ideal. This isn't what we signed up for But I think this is one part of the reason so It's time moves on take a look for these signs because it's going to happen again The four worst words in any kind of financial situation is this time. It's different It's all the same thing. It's all the cycles rolling over and over again And that's what's up So that's part of it and then to give you a bigger outlook. This was a great That was a great video by jungle link And uh, it's he shared this from just a gentleman who's just This guy if you think I've seen a lot Uh, this guy's probably seen a lot more than I have just look at that face But he's got some pretty sage advice and it's a minute. So I'm just going to play this real quick and uh It just it just puts things in perspective Let me see how this one There's a lot of uncertainty going on just a lot of stupid people doing stupid things and money's going money's going crazy and things like every day just people getting more ridiculous and things are getting more ridiculous all the time or You know, things have been pretty ridiculous for a long time. Just now we're just more aware of how ridiculous they are because Well, I have access to more of the ridiculousness that's going on So it's all stupid. It's always been stupid. It's always probably going to be stupid So I just hope it takes some time to just Look around this world and go wow This place is pretty cool This life thing is pretty cool In spite of all the stupidness Okay, so hope you're enjoying your stupid life Appreciate it for what it is Okay We'll see you around Okay, bye Okay, bye. So that's it. So look I know this isn't the ideal And and the situation is what it is. So we can cry about it And we can be upset and we can be hurt or we're gonna see it for what it is these are the bad times and On a personal note, this is probably The worst bear market I've seen and we talked about this yesterday Because in the bear market that I went through in 2018 and crypto one or 2019 There we had to deal with these these de-escalating prices and that's one part But on the flip side, we didn't have to deal with our exchanges shutting down We didn't have to deal with our exchange our exchanges going a you can't withdraw I mean coinbase they'd have outages, but it was just outages and that was a technological issue There wasn't a liquidity or a solvency issue So I got to tell you if you're if you make it through this one if you do You will be battle tested to the to the hilt because crypto has never gone through an economic downturn recession The pandemic hit didn't go through that we made it through that one and of course now Insolvency issues and liquidity issues never really went through that Except besides hacks which if you really look at it It's not the same mechanism, but it's the same liquidity issue or insolvency issue money's not there so if you make it through this and you can See the light for where it's at. I think you're gonna be just fine. So that's what we got for the news today so look, I know it Wasn't the news you want to hear but it's uh, I think sometimes the news you need to hear And that's just a reality of what's going on. So expect some pain and that concludes the news If you had to take off go take off go enjoy the weekends. Have a great time. I know I'm going to good times ahead, uh, got the grandson for the weekends growing out Maybe a little I have a a chateau Miller latte It's a vintage year or in America. We call it middle light and uh, that'll be the weekend So let me just think about it in the comment section now if you want to stick around We're going to do q&a answer all your questions the best of my abilities and let's get to it chop chop so Uh, freddy Rob, how do we know if this gossip q-coin gossip is really just but it's It's not about because people in the chat already said I can withdraw just fine So I have no problems. I understand that and your exchange You can do that right now But how many exchanges do we have to go through that say hey, no more withdrawals before we say, you know, maybe I should have taken that off maybe I should Do these things like put it on a ledger Or if I don't have a ledger put on metamask and just stick it there because I control those keys Not your not your keys. Not your crypto So, uh, I'm not saying that's that coup coin or ftx or coinbase or Or binance or stopping withdrawals. I'm just saying why leave it on there What it What is the what is the process? What do you get for them for you leaving on on the crypto because you don't control it? Well, that sounds like a pretty crappy Rationel why to leave it on there take it off Take it off and go from there They made money off you off of all those Trades didn't they all the thing that you trade if you buy or sell they made their money That's good enough. Take the crypto take control of it and you know how to do it If you have problems with that, it's okay. I had problems myself. That's why I made danteachescrypto.com It's 100 free if you go to the website And sign up under module two. Let me show this as soon as it comes up Module two safety I show you how to do all that stuff What's a crypto wallet? What's public and private keys setting up your ledger? That's any ledger live transferring crypto all the stuff you want to know and I break it down into small bite-sized pieces You know a couple minutes here and there. So that's what we got. All right Hope that helps. But it's a good question freddie. Good question Dun dun dun This is good. Dennis says 2008 was glorious if you lived in australia, I bet And then this one rip jill rogan took the jab. So I learned this yesterday That for any kind of any kind of news that is a little bit Out there you should verify it. So again if we talk about If we talk about excuse me The rules everything's a scam until proven otherwise Verify don't trust so this what the the common always gets to is the reason behind it First of all jill rogan didn't die, but you'll hear a lot of you see a lot of fake stories. So that's pretty good I had forgot about that part. All right And let's see dan says this is the youtuber that wouldn't listen to me about voyager and luna can't believe he's still rucking people So let me just say it like this. That's a good good comment and Let me ask you something So I invested in luna Last year and I took a big chunk of it out Not everything and I paid for my house in Puerto Rico And how often out of it? I've been saying take profits along the way Well, did you take profits? if you let it ride the whole time and and stuck in there, that's uh, that's what I was talking about and me I Did that and then I started a dollar cost average again until luna in ron january And I waited all the way up to the end and I lost five figures However, I took much more out beforehand. So not the ideal, but it is what it is and then also about voyager If you use voyager for over the probably the year and a half or so that i've been recommending it um Did you save on some fees for your for your buys and sells? Were you able to gain yield? Did you take that crypto off the exchange or not? So I understand where people are like, well, you recommended this which I did But I also talked about this other part here And I know people are pissed, but that's just the truth What else do I got to do? Do I got to do it for you? I'm just saying So let me know what you think about I'll probably get slaughtered in the comments But uh, that's why I'm here. I show up every day and take the hits Bottom if ftx acquire voyager those voyager tokens might become ftt. That is uh, true There is um, I don't know if there's talks about it. I know block Block five looks like they are going to sell to ftx for 240 million. There's an option on the table. Just saying Uh calico rod no wonder you excelled as a combat medic You were calm as fugue under this immense crypto firestorm it's just because I took my advice. I didn't take it perfectly I Treat everything as a scam I understand. I need to take things off exchanges. I understand that I have to take profits along the way Did I do as did I do it perfectly? No, I did not But I took enough to not be Freak the f out right now and it's a weird thing because When I was talking about taking profits a while back I got a lot of hate like what's the matter. You're not diamond hands. You're weak Paper hands get out of there. You don't know what you're doing. Anyhow And it's just weird. I don't hear that anymore I don't know Neil says uh still waiting for that mindset. It's sorry Crap So here's the thing. Do you want to be a moderator? Say I want to be a moderator and uh, I'll make you a moderator I need to go to the Let me do this Let's start passing out wrenches, baby Ah, there we are I have to I have to go here Real quick This is gonna look kind of weird God is my head that big? Yeah, yes it is All right, so let's see These are funny All right Cardi B Congratulations, let's see You're not a moderator yet tesla. That's crazy What's the time? Diego, thank you What the Sometimes technology Neil, where'd you go? the Talk about sweetcoin I was gonna talk about sweetcoin today But uh, I felt it wasn't appropriate. Yeah, I will tell you about the sweetcoin real quick. Did you guys know that When you download the the app It's free And when you walk you get free sweetcoins and in september 12th those sweetcoins that you Accumulate will be transferred to sweat, which is a cryptocurrency for free So I know people like rob For first of all, they're like, well, what are they tracking? Are they tracking me? Are they tracking my steps? They track the steps. Okay. Well, they do that data Do they sell it? No I just did a deep dive with the the ceo, which I was gonna release today But I might still do it And he said specifically in our light paper in our terms and conditions and I'm gonna tell you right here We don't sell that data to anybody But we figure out a way to monetize this and then we do that in a specific way Just like on youtube I'm sure you saw an ad before you came on this video They do the same thing on sweat coin and that's one of the revenue services There's also a premium model for 25 bucks a year, which you do not have to pay for it's still free And that's how they do it So like I know when people get pissed off they're like, man, why do you keep talking about sweat coin? Because it's awesome That's why and they don't pay me a dime to to talk to you about it Because I'm like, well shoot if I can get people to walk and exercise Which will help them feel better anyhow on top of that they're going to get free sweat coins And there's going to be an airdrop in september and it's going to be free sweat cryptocurrency tokens What's the problem? So maybe I'm missing something and they're not even selling your data That that's the part that confuses me. So sure Uh Did I miss somebody As I was going on around go mods Yeah, garkin sweatshirt 100 degrees. Well right now it's 745 in the morning Mod me Mod Future millionaire Okay, that's enough mods for today. How about that? We'll go from there if I miss somebody I'll get you next time. Hey remind me a favor. I forget things remind me when we do this next time go Hey, so you're gonna do some more mods that would help out. Okay, let's see Uh, I watch it all 90% of the youtube videos are youtubers in short positions pumping out fud to make more profits in their shorts I've heard the same thing I've heard the same cheese may Which is a gossip that that's uh, exactly what's going on. I don't short But I have heard that from other about other cryptos that are big into trading and I can't verify that so I can't call anybody out Uh, the bone brass had coup coin all to my 0.57 bitcoin withdrawal. However Someone else just said they did the withdrawal and went through just fine again How many exchanges we have to go through before people like I maybe I should custody myself just saying Well, when you own property you still have to pay the government taxes which almost add up to rent The shan's got a great point and that is uh, one of those things. There's like a break-even point between like When you own a house Which to me when you own up own house or houses like we do the only way that it really works out Is if you put an airbnb and a lot of people don't want to do that with their house I don't really me and my wife don't really care because we travel More often than not so when we're not in Puerto Rico or in houston or in past and I'll pass so we're putting those houses out Uh for rent on airbnb so it becomes an asset not a liability. Also. It's great for tax purposes However, you don't remember just like shan says here. There are taxes and there's also maintenance and there's also Utilities and there's also Well repair and stuff like that. So you have to balance all those things out sometimes renting is actually a better option And then a great point butcher and soldier boy If you're not watching the boys on prime great show Pretty bloody and gory. Just so you know, it's not your typical superhero show But it's a good way to keep your mind off stuff and i'm excited to watch The third the third series the third season All right army Devin I trust cavill having a bad news no bad news yet I reach out to the the guys and said hey you got to come on the show Because everybody's freaking the f out about what's going on and you got to we got to talk about this because they don't do Loans which is where I think a lot of people went wrong. They did a lot of uncollateralized loans They also did a lot of defy craziness and that's not where I trust Roth IRA Gets gets their funds of the money from it's from you trading And I think I got to tell you that's why I think you see like a coinbase of binance An fdx up It's because they're you know, mostly a bunch of big trades and they make money on that So that's what they make their money. So you can trade within your Roth IRA account, which is tax-free In your Roth IRA account I don't know if you knew that if you were smart enough to Or if you could see the signs and and start to sell off your crypto within your Roth IRA You can just keep it in cash and that's tax-free as long as you withdraw it at a certain age point depending You seriously my ledger came in the day before Boyd your stop with drills. Sorry If you don't have a ledger also take a look at metamask and people like what about what metamask sucks You still own the private keys, don't you? You still own an amount of phrase which can back that up Just saying Any good series you can recommend the boys is pretty good. It's not a great one If you really want to feel good, uh, you'll have to get apple plus This is not apple advice, but uh Apple tv Apple tv plus and uh watch ted lasso That's that'll make you feel real good real fast Ah crap. Yeah, I mean we got to do that. We got to do that. I'll I'll do it soon and I'll pass me We could all use a drink, right? Unless you can't drink that's okay There's always good bar food sometimes some of the best wings and such Um, yeah, I'll do that. Love them boys Metamask is not fully self-custody and that's a lot better than uh coinbase or a lot better than the exchanges Paypal's about as safe as you go for an exchange if you can't withdraw yet Yeah, paypal looks to be safer. But again still centralized and I'm just going to take a hard line stance Take it all off. I think that's the the safety one, right? Metamask is fully self-custody I mean There have been issues depending on the settings that you apply We've seen that and uh, I believe That was a there's a video I talked about and and there was an issue with Metamask had an issue with being down for a bit because of the difference. What was it called? Different way in which it in which it interacts with the blockchain in your protocol settings, but uh, it's been up so far I'll do a video on that Self-losic says yeah, yeah, it's not so custody. There's some parts about it What about using coinbase? Well, I can't speak to that As long as you have your private keys and your mnemonic phrase that you can back it up sure However, I'm not going to say it because I don't use it and I can I'll tell you what I Think I know Or what I know what I don't know. I don't know a hundred percent on that one Sound off in the comments Richard Hart will save us all and maybe Good question is usd on exchanges covered like a bank us dollars on certain exchanges Are fdic insured not on all of them. So just so you know on voyager It is fdic insured. I believe on gemini also. I want to say coinbase, but uh, check me Don't trust verify But that's only dollars. That's not stable coins. So usdc is not ust is not usdd is not UST unfortunately was not either What about keeping usd on exchanges? I mean you can but look today Can you get your dollars off of voyager? There's your answer Oh, thanks Up to 250k in coinbase And if you would be so kind count Uh, could you link in uh, the uh, the The post or the actual website where it states that again, don't trust verify Please people get educated how all it's working what you're able to remember You can use an old cell phone for cold storage. You know what digital dave over at crazy for cryptos does He has an old computer that is not uh attached to The internet and you can turn it on and off and he just uses that as his cold storage. That's true Something fully offline exactly I hope I didn't make a mistake. I found me about one bitcoin bo. I'll tell you this. I bought one bitcoin at 17 520 17 It was pretty I felt pretty bad when I went to 5000 but Felt like a genius at 30 40 60k And then it drops right down again to 17 6 The thing is is that that's why we always talk about taking profits If you're gonna dollar cost average in you might as well dollar cost average out and then people will always say well Well, why did you keep dollar cost average after the price point? It's just like I think of farming planting seeds If I want to plant seeds at 10,000 And then it goes up to 20,000 Maybe it's like up to 20,000 I go back and say hey, I need some money from the 10k because I just doubled my money You need to you you reap what you sow And then as time goes on that's why I'll always be in crypto because I'll always be investing in different levels and then the parts where I'm Actually need to take profits and should take profits. I can always go back and go. Oh Those those buys I had a year ago two years ago or five years ago. It's time to Time to uh Do little farming not yield farming, but actually reap out or take out what I actually put in That's it let's see Trick tips I don't know about that one That is not true, but I appreciate it There's a lot of smart people in the space It's just that I just try to show up every day and just tell you this I tried to give you both sides of this of a story And like we talked about the crappy part, right? And what could potentially happen this weekend, but I also showed you A little bit of the over the good side about what to expect especially as we start to slip into that Recession by people who've already been there. So I try to keep as balanced as possible I don't want to hit you over the head constantly with with crappy news because you know Then of course I find it disingenuous to just to do it's bad. It's bad. It's bad Without showing you now the thumbnails and the title may not be the most positive because it's kind of hard to do things At once in a thumbnail, but in the video Hopefully I give you a little bit of uh a little hope not hope you um a little hope But also a big fat dose of reality Yeah Bikram we got four days bank holidays could be a lot of price manipulation a long weekend True So what are we doing here? Why are we talking? Let's get out Let's go enjoy the day like you guys got a lot of stuff to do. So do I and uh it involves Playing a little ball. Look, that's it for today. So, uh, if you like today's video give a thumbs up give it a like comments Subscribe all that great stuff. I'll be here tomorrow Anyhow, thanks for showing up. I appreciate it. I'll see you guys. Uh mañana adios