 Let's jump into a little Q&A Not mean late to the party. That's okay. You can't catch them all mean and Matthew Smead is not a let me see her Who wants a wrench? Whoops, we call this the wrench party Rob, did you watch Ted Lasso? I did watch Ted Lasso. I love it. I hope they come out with a third season soon James if James did a live stream at this point. I don't know why he doesn't so early. That's okay Matthew Smead That is a moderate good for you Pie hunter is back again. I under thinks I avoid that. I don't avoid anybody. I swear Okay Darth Mike has earned his Where did Darth Mike go? Aha. Here we are Congratulations Darth and Zeno's trip. I haven't seen enough. Sorry Joe getting a wrench may be a cool kid too probably not But it is fun, all right We'll just as by the way you started before James today, that's good so much information so much information Yeah Thank you. I doubt 509 in mods 600 users Beardy's a hex whale apparently any opinions on meld. I like meld. We'll see how where it's going They go into the process of building but borrowing on their platform and Lending Looks to be doing what looks to be making that that step However, are they going to upgrade for that? I'm sure they're about creating for them for the nozzle upgrade But as far as I know the one that's going live before everything because it because the vassal upgrade is at a 22nd and we just did a piece on a ave how we want to call it for Lending and borrowing platform built on Cardano, and they're gonna be the first With the upgrade so we'll see Brad said is what you have stuck in Celsius in the earn program or loan collateral So you got to remember I did a loan for the house in Puerto Rico and I put up a good amount of the theory and I got margin call after margin calls things started to go down and down I fill those margin calls. Unfortunately when I was in Spain and the UK for guys event I was in between some areas and I missed the margin calling liquidated me Whose fault is that? That's my fault. I should have been a top fit. I wasn't they liquidated me when the theorem was $2,200 and See you I never understood the what people would say is Rob You got to take a loan out take that money and buy more crypto And then you should be good because it's gonna keep going up and I was like you don't think that's how it works so I took that loan and I put it into an asset called a house and my real estate and That house I also rented out an Airbnb. So it's an asset of liability and yes I did get liquidated and yes, it was a taxable that's a bummer. However, I still have an asset for it So that's what it is and as far as the earn program or custody That was a big question. I was so ticked off the fact that they that they Went from the earn program To the custody because I kind of felt like they were kind of bending over backwards for the regulators and I was like Why should I? Why should I earn when you guys couldn't earn anything? I said, I'm not gonna I'm not gonna do it because I felt like since kids cuz I'm an institutional investor I'm just gonna put it into believe it in custody and then of course as time went on I heard all the different things remember. There's a timeline in the description When the consensus on June 9th 10th There was something going on with Celsius put a video out and I said I can't tell you what to do I'm gonna tell you I'm not gonna leave anything on Celsius anymore And it's up to you to figure out. This is something that you want to do and take it off I've heard a lot of negative things going on. I don't trust it And then nine hours later everything shut down same thing happened with Voyager Voyager on June 22nd Because they're a public company it came out that they had a loan of six hundred and something million dollars to three I was capital. I said and it was uncollateralized. I don't know about you, but I can't trust Voyager anymore I'm gonna keep using them to buy crypto, but I'm not gonna keep anything on that exchange. I'm gonna take it all off. I Did leave a big chunk of VGX on there. That was my fault and But I took the majority of it off and here we are So these are the lessons that that come through Nah, drug you for president. Yes Okay Yeah, I got grandfather in our turn out to be not a blessing. Yeah Well, like I said, like if they go through with that and they want to do that's that function that business model People will remember they won't remember Celsius like Kelvin. Is that the same thing? I don't know pretty good marketing. I See it in social media. I see it in here and there. I don't see it on digital asset news, but whatever and Probably do pretty well And that's it I Usual a man you showed up. That's good Hey Rob sales question of Canada here and in Canada there wasn't an earn or custody program I remember this earned verse custody was only in the only in the states because the regulators What are chances I get my money back? I think I still think there's a pretty good chance we get our money back The big question is do you want to take the haircut? Which I think I was gonna come out and also in that video or in that audio leak They also talked about how they're gonna start to make moves in November I don't see how they're possibly gonna do that because they're going to the bankruptcy, but whatever I Think it's either come down to this take a haircut 50% 60% somewhere around there or stick it out and then just You know wait for them to pay you back through the Bitcoin mining operation Which is shaky which probably won't be profitable for at least a couple years Or this new business Kelvin where they start to generate revenue from swaps and trades and Multi-state wallet functions and things like that, so we'll see Celsius is really scratchy. That's true, but some people think it's gonna be awesome 680 viewers stickers. I remember says give my Jarkey. Thank you Jarkey. We appreciate it You don't know I'm Jarkey. He's awesome. He's Handing out handing out Memberships like I hand out wrenches in this channel. It's great. I Did that one? Okay, so Takes us as I took crypto off sales about a month before them pausing withdrawals. What's this? I hear about clawbacks So the clawbacks is they're saying this is this is a legal process or saying oh we can claw back anything that people took out within 90 days The legal ramifications don't actually support that and this was a good post by Simon Vixon about why that actually couldn't happen But to think that it would first of all good luck getting crypto back from me I don't know what happened. There was a boating accident ledger Waves and dolphins. I can't remember gone. So good luck if they even try One daily sweat coin talk man. I've said enough about sweat coin if you guys missed it. You missed it. That's it Robert says your assets are absolutely frozen count. Very good. Very plan was very nice. Very nice Robert golf clap Calvin because you can actually get to absolute zero. These are gold Rick's got a good question again. Do you think yourselves this withdrawal will be subject to a clawback again, Rick? I just don't see how First of all if they want to move forward with this new company good luck with that with Them clawing back from their customers and saying no, no, no, that's ours Your cryptos are crypto The optics of that are awful if they do that I will talk about them non-stop 24-7. Now you're welcome. No problem Trasor mandatory myocarditis very nice. So that's a good name as Alex I've heard of a ledger. I'm not trusting my crypto. There's the problem. You're too. This is this is the this is the philosophy You're like he's like people are too dumb to understand how to do a ledger look I Thought an email was complex when it came around I Thought some you know when when Amazon first came out. I thought it has a little bit of complex I thought driving was complex. I thought doing a youth a YouTube channel was complex It just takes a little bit of time and then that's it. It's like Teaching your grandmother how to you know, send an email the first time first time is kind of tricky After that, it's just second nature Xeno says I haven't left my house then I watch this hundred and that's a lot of steps pen Solicitating a guess if any what's your guess as to the Voyager outcome. I Always thought that that Voyager had a much better option Then then Celsius did I thought there was a lot of interest. There's a lot of customers and just for it was interesting What one of the gentlemen said on the Celsius leaked audio and he said how they had millions of people and they said even with those millions of people 89% I'd be gone even if we had 10% It's still much larger than most crypto companies out there I thought about and he said who what startup wouldn't love that and I thought about I said, you know if Voyager is the same way If they say look you already have people built in and of course, you know You made that uncollateralized loan of three hours capital. I get it. I understand why they did it Well, then a great move, but it was what it is and we can make me became insolvent but if you could take all those customers and roll them into Something else that they do or into their exchange. Why not? I think everybody's gonna find a home at some point. Oh Look at that. They'll quant issued an arrest warrant. I heard about that. Let's see if they can find them It's worse than you think Darth Mike Darth Mike might be right actually hope for the best expect the worst, okay? That's a good one What password management safe is the rider down and hide in a couple of different locations? Yeah, like my mnemonic phrases I Have two books. I have those stone books like description and I've got one here with me And I have one in my bank account or my safety deposit box. So You know, that's it and some people say that's crazy. Why don't you leave it in your bank? I Think I'll be okay. I mean if somebody goes to the bank and rips that off. Sure Could I lost all my units in a boating accident? They'll have to break my ledger to get the Bitcoin back. Yes Who else is have you wedding a 14 year? I think everybody's waiting a 14k Bitcoin all of us All the non tourists that are here right now Hey Capcom Is good Nick's got a good point Bitcoin all-time high 80% From all-time highs 80% soon. So if we go down 80% you're looking at around 14 15k somewhere on there Because right now we're at around 71% 70 71% and falling Beardy had a pretty good joke this morning. He said this is your last chance to buy Bitcoin under 20k until the next time and It's true. So like if we go down to 80% I still think we go 85% around 10k, but that's some people think I'm crazy and it's okay because I Just think to myself. Well, if it goes on to that that point, I just put in more of my dollar-cost average scheme and If I'm right, that's good news for me If I'm wrong while I'm still dollar-cost averaging every day I buy Bitcoin every single day just not as much as I used to because I'm unsure about what's going on and And I also buy some alts and me and Ben disagree on that part me and James disagree on the on some other parts And I disagree with a lot of other people about that But it's just me to keep myself in my lane And what I do the big question is then because everybody talks about this we taught us yesterday Everybody wants to tell you to dollar-cost average buy-and-hold Diamond hands forever and I taught us yesterday. I don't think that's the right way to go about it I think at some point you got to sell you got to sell and Let's just put it out like this like the you know the rules we talk about all the time, right? rules Let me get Nick out of here. Sorry Nick Don't invest morning before to lose everything's a scam until proven otherwise Don't leave it in exchanges Don't use leverage and take profits along the way because nobody everyone broke taking profits So I'm putting out a video either this Saturday next Saturday about my specific plan to take profits along the way using some pretty good factors from looking at Bitcoin and Ben's website into the crypt of us and If you just look at these things over time over the last 11-12 years You're not gonna time it perfectly. That's okay But if you get around 60 to 80 percent of the top not too bad And if you're gonna layer in why don't you just lay around? I think it's the safest way to go. That's just me Less than me. She gets better advice. Yes Yeah David says talk to me about sweat calling when they can link it with a Fitbit I asked this to olig specifically and he said now because we're not gonna use Fitbit because it's it's too easy to Game the system. So it's what he says. I don't know Bankruptcies has lots of fake trading on exchanges very true. I just saw guys video where he talks about how in 2019 They figured that between 90 95 percent of all transactions were fake. So that's something to be to consider Yeah, if you don't sell your simply giving away your money And this is this is I know some people say but probably don't understand the dollar is gonna collapse and we're all gonna use crypto So you have to use crypto and you have to store as much as possible and that may be true That's why when I'm talking about this plan like when I dollar cost average in a dollar cost average out I never sell a hundred percent of all my crypto that Mad Max scenario could at some point actually come to fruition. I'm not saying it can't I'm just saying that the likelihood isn't Super great in the next I don't know two three years So if we take a look at that if the goal really is to accumulate as much crypto as possible or bitcoins possible Ethereum or tomato coin wherever you're into then wouldn't it behoove you just to go well that we're in these natural cycles We can take a look when things are super overheated We can sell off a little bit take some profits along the way and then maybe accumulate more as time goes on I Don't know. I think that's That's for me that right that works for me doesn't work for everybody and I can't tell you what to do Financial advisor we're good. Oh Daniel says I believe you had mentioned you had three letters I do I think I have four actually any regrets think about getting a second ledger different cold wall to buy my assets no regrets Because I always look at it in like a five-year ten-year time frame, right if here's a prime example You know when Cardano first came out before the main net before the launch there was the test net I had 20,000 Cardano on this on the deadless test net wallet and when it was time to upgrade is didn't really Keep everything that I should have and now those 20,000 Cardano were stuck. I'll never see him again And if I just would have done my due diligence Damn especially when especially when Cardano went to three bucks have been nice I it's just these lessons you have to learn pains a hell of a teacher So when those types of things come about you're like well, okay Maybe I should be when we're careful next time and just teach me to be better next time We don't learn from experiences. We learn from reflections on experiences. That's what it's that's what Makes more sense Thank You Conrad. Thanks Ten K does sound crazy And I could be wrong 15 K sounds crazy to some people 18 K sounds crazy and I gotta tell you remember when we were at 30 40 K and people said that we'd never go below 30 Go look on Twitter. They're all over the place and then that happened Then people said it'll never go before 20 K and that happened and then they said well, what are 18 K and that happened So is it is it too off-putting to think about that? Yeah, exactly Shane not watching live clawback. We're gonna do come to my house and find my head ledger. Yeah Nathan says sitting on my leg the first time not any tip-staking. So my man Let's just do this step by step Go to Dan teaches crypto And we all and right now we have over 40,000 members pretty good, huh? Let's go to the members area Basics, well, I thought oh, this is a good one watch the one on inflation. I do like that one about 10 minutes Next module safety There we go. What's a crypto wallet? Sending up your nano ledger And I broke these into like like I said bite-sized pieces about nine minutes for this one six setting up your ledger live app Six minutes transferring crypto assets from exchange to wallet four minutes delete and restore. This is a big one It's only five minutes long Transferring crypto assets from wall to exchange three minutes long and then how to update your firmware on nano ledger That's it. So definitely follow along with those. They're up to date. That's what's up Okay And it's free grab your wife's boyfriend and hit the light Yeah Kelschitz Kelschitz was that right taking profits is a safer option If you think the one project you invested in will be the future of finance It is still the safer option to take profits because we can all that's just it and you know I'm always talking about the four-year cycle like when I I'm halfway more than halfway through the video for the taking profits I do talk about this part where I say I could be wrong about the four-year cycles They don't have to play out. They don't have to be like exactly at four years But we can take there's a lot of indicators we can take a look at to see exactly where we're at I think even if here's my question for everybody let's say You hit Bitcoin at 45,000 And you sold 80% of your Bitcoin Would you be upset now as there's under 20,000 I think you wouldn't be too upset I think what's gonna happen though later on is this is probably what'll happen. I'll put the video out I'll say this is what I'm gonna do people are gonna do it They're gonna be close to the top maybe 70% somewhere around there and they're gonna see it go up and go damn it I shouldn't listen to Rob and that's gonna go on for a while I'm gonna take a lot of heat, but I don't care because you can do where you want to do Not your dad and then as it comes down as an inevitably will I think it'll work out. But again if if I would have told you In 2021 that I sold at 45,000 would you be like what a moron? probably because That was a narrative Thanks. Thanks Matt Joey says 11k incoming this one. What's your favorite video? Oh a favorite video to convince a crypto doubter Hmm you shouldn't come out of videos usually it comes down to me explaining about Ponzi schemes Hold on one second, okay Sorry a little bit of a jet overhead. I couldn't hear anything and I've fixed cuz they the the thing that I get people always ask me is like wasn't in a Ponzi scheme crypto What is it? You know, it doesn't make any sense. I go. Oh if you Like Ponzi schemes, you should check out pensions and social security So if you're okay with that Then Kripper's got a much better option and that's kind of get some riled up. Yeah, man I'm not a fan of Yori either Yoroi wall not a fan of that I'm also a 15k of chronos ransom in your Yoroi. I know people some people love it. I just don't like it I like the deadless wall. It's a pain to download everything But I like the features and it's super stable. It just takes a long time. I got time I mean, I hope I got some No way mandatory says I bought at 17k It was the bottom first time I caught the exact bottom just luck. Maybe you're just to just talented Christopher says what's the safest place to keep your seed phrase? I have this book. It's not here. It's in my room It's called a stone book And it looks like this Where's the video? Ah There's a link in the description, but I'll just show you like this. This is what I keep it in It's it's waterproof. It's just not fireproof and It's not smudge proof. So if you write in there, you're going to I'll be able to see in 10 years. So that's just what I use. I have got two of them Like I said, that's where I keep it because I will tell you the the piece of paper thing never works out real Well, if you just have like a random scrap of paper, that's where that's where my cardano test net wallet Phrases somewhere. So yeah, keep it in a book like that That's my and then other people will say there's a better option, which is steel and You just poke out these little little holes. I I've never used one, but I hear it's great And that's one of the options for you if you just put in like steel mnemonic phrase, you'll find it on Google Yeah, St. Jude says I just hope the people who need it the most get paid first. I did too For for the Celsius issue. I do too Yeah, and Brandon's got a good point. I don't think the idea of a Fed pivot is all wrong Maybe not as soon as they thought Everybody thought yesterday that the Inflation is going to be lower Didn't turn out that way It's gonna get out later in the budget fights this winter US will get close to default floor side of pain of that If they start defaulting We'll see beauty says a hundred bits basis points I'm ready Let me ask you guys this if we do a hundred basis points of 775 like we thought it was how much will the market react to that? Will that be pricing? Me and get out of here get stuff to do Yeah, and Capo says I think the website Danish crypto will be good for beginners. It's good for beginners. It really is That's why I made it. I'm not here to do super complex things and then talk about yield preservation and get into like some really Crazy stuff. I just do that the only thing that I have added is like some metaverse videos We did and then just some random videos that just explain things a little bit more Rob, do you sell member info every single one of you? I sell as soon as you sign up I go write the Facebook. I go. Hey, do you want to advertise some people? I got like 40,000. No What's the point of that? No, I would just I don't understand what people will do that. I guess you could make some money. I do okay I'm all right. I mean, I'm able to afford this beautiful green screen. So it's good. It's working out funny golfer Yeah, Norman here you are Yeah, you know, you know, I did a good video on tracer was James the best answers. I would I would check with that one Don't need to reinvent the wheel What I'm gonna do a couple more videos about How to link up your ledger for third-party wallets such as near and some other ones like that Yeah, when parole for dope one You're welcome Nathan Yeah, exactly Norman Okay, guys, I think we're good. Let me make sure let me make sure Yeah Yeah, you can use whatever nickname you want to like man's like my name and in the website is just dan. That's not my real name Sonia, so that's it. So everybody, uh, thanks so much for stopping by. I think we did a lot of things remember we're going to be over at the watch party merge pants party something For crypto slate And uh, who's going to talk about what's going on and what things to expect I'm just curious about the forks and the air drops. So Check it out link in the description. That's all we got today. So like today's video A like would go a long way. That's it. So thanks everybody for stopping by. I do appreciate fun times I'll see you on the next one. Adios