 Welcome to the last set news to get top stories and crypto bring out a bite-sized pieces today Just the thumbnail suggests and I think everybody knows already The market has taken quite a dip and it's amazing what 24 hours can actually do because not too long ago Roughly 20 some hours ago. We were talking about how there was nothing but great news We had talked about how Walmart had getting out patents Google was getting into the phrase far as crypto Facebook and Instagram and everything is going pretty good for crypto Except the other market called the traditional spot. So what we're gonna do today is we're gonna take a look at exactly why that happened We'll take a look at the market Well section I called why I hated youtubers and an unpopular plan We're also gonna take a look at the traditional market and how those traditional players Probably have some of the weakest hands I've ever seen in my life Also, we'll take a look at some good news and then also one thing more to consider Plus, we're gonna be doing the DCA show today and last we finish up with the top five questions So before we get started, let's take a look at what is going on into the market itself. So today it is 21st roughly 10.05 a.m. Here in Puerto Rico beautiful day if you're suffering out there in the Midwest and different cool temperatures I feel you I live there for almost my entire life and with Texas and worked out pretty well But today's a pretty good day weather wise just not so much as far as the market So here's what we have going on we use and trade the chain for sentiment analysis And usually we see some pretty good sentiment, but today awful awful awful sentiment people are very bearish They're very worried and I can see why total market cap is 1.8 trillion We're just at 2.2 just a little bit ago and all of a sudden now we're down 10 percent Let's just see how bad the bleeding is shall we? So we'll take a look at the coins themselves Come in here man bitcoin is down 10 percent in 24 hours Ethereum 12 percent Binance 10 and I think made Solana is down 14 almost 15 cardano, which they just released their deck sunday swap That's down 13 percent 12 percent for luna. Who's the big loser today avalanche 15 percent 12 percent for 15 percent per chain length. No reason the Nothing got hacked. Nothing really changed. Just that's just how it is and that's what we have as far as our market So what happened? Well yesterday's you may have heard the s&p 500 took a big old dump and This is just the one day and it started out. Okay, I think it's going pretty well And then all of a sudden, you know earnings and different Shatterings and and talkings and speculation came about and we just kind of dropped off and usually in this situation I say well when in doubt zoom out. Let's zoom out. Let's see how bad it is. Well, here's a five day All right, here's the one month And here's the six month still a little bit higher than where we were in september 45 36 No, we're even lower than that I guess better than august and then of course in the year frame We're still doing pretty good, but that's the s&p 500 and then nasdaq of course Uh, again in the one day drops, uh, pretty heavy precipitously five day one month Six months That's pretty low. And then if you take a look at the year Not too great five. I mean you have to zoom all out to five years. Take a look at it. So That's what's what's going on in the traditional space and there's this part where I want to talk about Which is uh, why I hated youtubers in 2017 2018 I hated youtubers for a specific reason and it comes down to this poll We talked about this poll yesterday where I said when did you get into crypto? And I I got to be honest with you guys I was shocked that almost half of the people and of course, it's just a small poll over under 2000 people Uh, almost half 42 percent 43 three roughly I had just gotten in this year It's like I understand 20 and then of course Uh, a quarter of you were in 2020 another quarter were in 2017 and 2019 Which is why which is kind of like I can feel the sentiment in the comment section and then only like five percent Have been here since 2009 to 2016. So why did I Why did I hate the youtubers back then and some I still hate actually? I don't hate. I don't hate anybody I dislike but uh, this is why because uh, I didn't understand this basic principle, which was When when I got in which is right around here November I thought I was a genius at like 7800 and it went all the way up here and everybody was telling me I was going to the moon Everybody I was going to go to the moon Which is the same thing that a lot of people have heard here in 2021 It's going to go up and yes, even I thought that bitcoin would go to 100,000 130,000 of course I do say dollar cost average in and out take some profits here and there I don't subscribe to the diamond hand theory. I think that's goofy But uh, what I hated was No one was talking about dollar cost averaging in and out Everybody's like go all in baby. And then before you know it, you know, you go for it a little bit And I'm over here and I'm looking at these youtubers. I'm like, how the hell are these guys so So calm at this point when bitcoin was just at 19 and of course the whole market credit It took a big crypto wintered crash and now it's uh at uh, 6500 6800 I'm like, how can they how can they do that? And I used to despise listening to them because I'm like, this doesn't make any sense to me and the reason is Is because those five percent which were probably a lot more back then Uh, they were getting over here 2016 500 bucks 400 600 700 so this Seven six thousand dollars doesn't affect them at all didn't affect them at all and now as we move forward Let's go all the way forward Uh this over here 43,000 it's like a pipe dream to me and to a lot of people who have been in the space for a long time So I know this is going to be a little unpopular, but it's the truth Which is like if you're looking at uh, you know people like me Who have been in for a while and I've I've said this a number of times and like look it's not a get rich quickseam It's a dollar-cost average only you know get in dollar-cost average in dollar-cost average out take profits No one ever got went broke taking profits like I talk about And that's the truth and now it just kind of comes full circle So which leads me to my next unpopular opinion, which I love Just doing these unpopular opinions. I'd like to make sure my my channel crashes to the ground The unpopular opinion is this what if Today especially for people who got in 2021 you are just like me if you just if you recently got in but we're just four years apart I got in 2017 crashing 2018 you got in 2021 There's a big not a crash but a pullback or a bearish sentiment or even want to call it I think we're in a bear market bearish market Uh And it's going down is can it go down even further? Sure. Can it go up and and make all-time highs? Sure It's crypto. Who knows but the unpopular opinion is this if If you're looking at this right now And you're thinking yourself I got to get out. I'm just gonna take my my massive losses You can do that because this is on this channel. It's not investment opinion It's just investment or sorry. This is just investment Opinion not investment advice you can do whatever you want to but I'm telling you if it was me And just like when I started to take massive losses I was not in a really great mood to start getting the business of losing money So for me the unpopular opinion is this let's do a four-year thing Just like how I did it dollar cost average all the way throughout so all during those times When I was seeing when I was down here And I was like dang How can these people be so upbeat or at least nonchalance about it because they were doing the same thing back here They were dollar cost averaging or well somewhere And and then what I did was just dollar cost averages whole way and it's it was not the greatest Because no one believed in me Except my wife. I love her but as time went on it actually worked itself out and now again like I'd like I tell you These numbers right here were pipe dreams to me back here So unpopular opinion. I don't you think about the comments? Let's do a four-year plan and move from there And see what happens and then we'll see what see where we go So let me know which thing about that in the comments. Let's move on to the news and the news is And I'm not going to say that every traditional Investor has the weakest hands, but it seems like at any seismic activity Traditional equities are like I'm out of here I'm too crazy and I get it because I mean look if you're like super rich Your big thing is like well, I'm already rich. I'm just trying to protect my assets I don't want to lose money. I've already got a lot of money, but I think for some investors It seems like a lot of investors like if there's any kind of like one two percent three percent drop They're like, I'm out of here. This is crazy and it is what it is, but Uh, this is what is going on As far as traditional markets. So we got hit with a whammy yesterday US weekly jobless claims at three months high Amid omicron wave I'm not going to get into that, but I think that's kind of goofy Existing home sales dropped four point six percent in december The third straight weekly increase in jobless claims reported by the labor department on thursday also influenced by unfavorable factors such as uh omicron, but The coronavirus cases driven by the omicron variant are subsiding and the seasonal factors The omicron variant cova 19 is hurting the us labor market But the good news is that this will be temporary ryan sweet senior economist that moody says and i'm like Is it really I mean Is it really affecting job market that much or is just people just are like I don't want to go back to my Same cruddy job that I had before Which i'm just not going to do that. I saw a good expose on 60 minutes They talked about how people aren't going back to their old jobs because they don't want to go back to those old jobs They want to do something for themselves and they don't want to get crushed So i'm like, I don't know if that's that's the truth, but jobless claims I guess and then of course there was that then traditional markets. You take a look at the fang stocks Facebook, amazon apple Netflix and google will netflix shares fell 20 percent and not because like it got hacked Or because somebody came out and said hey Our whole system just went down The reason why it fell is because they weren't growing fast enough And that's what everybody is like. Well, if it's not growing fast enough, my money's out of here So the company said for the first quarter of 2022 it expects to add two and a half million subscribers Compared to 3.9 million it added in q1 2021 and because of that statement people like what you're not going to add The same and even less but you're still going to grow. I'm out of here again There's like that doesn't make sense to me. Can you imagine? I mean, I don't do a lot of stocks I just don't I invest in tesla. I think that's gonna go pretty well amazon except my amazon business and like that stuff and Mara the blockchain or the bitcoin mining company So when I see stuff like this i'm like really you're gonna get out just because of that I guess I would be I'd be buying that I should honestly I should buy netflix right now and then Also rising mortgage rates squeeze both homeowners and buyers And this is even crazier mortgage rates surge again this week on inflation concerns hitting the highest point in 22 months That sent home buyers Scrambling to lock in rates. I can guarantee that because we are currently selling two houses that we have in houston Not our choice. It's because we have to because the homeowners association are not allowing Uh Short-term rentals whatever so we'll just we'll just sell the houses at when they're at the all time I'm sure Many homeowners on the other hand face a shrinking opportunity to refinance. That's true the rate of and listen to this The 30 year fixed mortgage the most common home loan for buyers increased from 3.56 From 3.45 So they went from 3.45 to 3.56 and people are freaking out It's the highest rate since the third week of march 2020. Okay So it's been two years roughly and so all year and some change But that's what's causing people to freak out the 15 year fixed rate mortgage a a popular refinance choice increased from To 279 from 2.62. Let me just tell you real quick when I got Well, this is actually my second house In el Paso This was in 2005 the rates were 7.45 percent and I thought I hit the lottery That's no joke 7.45 percent I used to work with with guys in the military who were Back in the day of the vietnam war era and uh, they would tell me i remember bill Bill told me that he got a interest rate of around 15 or 16 and he thought he hit the lottery So when I look at these things, I'm like, why are people freaking out on these different Numbers it doesn't it just doesn't compute with me. I think because I've kind of been there, but Either here or there and then to finish this up mortgage rates moved up against again as a 10-year u.s treasury yield Rows and financial markets adjusted to anticipated changes in monetary policy that will combat inflation i.e the fed is talking about raising rates go right ahead some people say they're going to do three Some people say it's going to be four jp morgan jamie diamond things going to be eight I don't see them doing that much, but we'll see if they actually do that and then this was from freddy max economist. So that That's the bad news and what's going on. So here's a little good news If you look at the traditional space and why before I go on why am I talking about the traditional space? And because we're talking about crypto. It's because everything's connected now. There's so many different Hedge funds and institutions here. We're all connected and we can just kind of see there's a huge there is Somewhat of a correlation. I'm not going to say exactly how much but you can kind of see things that as the smp 500 goes down Or especially and as that goes down The traditional market also goes down and that's that's where we're at So if we can kind of fix some things on the economy, which I don't think of that bad I think we'll be okay. So here's some good news that we can all share thus This was a one article and this was written on last night january 20th JP Morgan says spending patterns show consumers are in good shape And I don't want to read the whole thing. It's boring But just top execs that jp morgan have been optimistic by the nation's economic outlook this earning season Pointing to healthy consumers who have cash in the bank and before I go on let me just say this Non-investment advice investment opinion, but if you have a bunch of cash in the bank Just remember that the inflation rate is seven from what the fed tells us. I believe it's much higher I could be wrong. So if you just have money sitting in your bank account It is on fire. If you want to do that go right ahead. I don't do that. I invest in hard assets Crypto digital assets a little bit of stocks and then of course real estate So sure if that's what they want to do, I understand and then also So we've got a lot of people that are cash heavy. Where do they put it? Well, if we could educate them, right they would put into assets then also Apple stock It gets a little boost As a target price ahead of the earnings remember the fang stocks are the the biggest parts of the s&p 500 Facebook apple amazon netflix and google And and they talk about supply chain problems are improving and then well as far go raise its price target for apple to 205 From 165 so when this comes out this this should actually help things because the earnings report I believe comes out today for apple correct me in the comment section And they state we expect a focus on any commentary supportive of a belief that the supply chain is improving continued confidence and strong end user demand across the portfolio, so Again, if we can see a little bit of price movement of the s&p 500 because it just took a big dump yesterday Then maybe that could translate over into the crypto market. I don't see any issues with crypto I see that uh, we're doing good things. We're moving in the right direction Like I said, we just had walmart came out and said hey We want to get a patent on the metaverse and cryptocurrencies and wallets and ledgers and things like that We also saw facebook and instagram come on said hey We'd like to get me nft game and have people actually buy it and store it here And then also we had google talking about using, uh, bitcoin for payments and payment processing, so i'm like This is how things are going. This is good news, but then we just got this other stuff that just drags us down We just can't have nice stuff As they say and then uh, so that's the good part, but there is one more thing to consider And this is from friend of the show james over and best dancers And he's got a good point and he says this says look just as everybody should be aware of Bitcoin went up 4 percent down 9 percent all in 12 hours welcome to options expiration bears are in control They need bitcoin under 41 thousand dollars To pocket a 132 million in gains. Let me say that again The bears need the bitcoin to be under 41 k To make 132 million so That's happening. This was actually 12 hours ago And it's uh, oh should happen right now So, uh, let's see if uh, it keeps dropping and then we will go from there and that is it everybody So that's what's going on. I know it's not Not maybe the news you want to hear but it's the news that you need to hear because that's the reality The situation now again, do I think that this is all going to be bad doom and gloom? No because remember I've been here for a while And I can remember when it was just around here And I I remember getting in when people people were Were in crypto in 2012 and they've they were saying the exact same thing They're like, yeah, you know when it came over here like it's not a big deal because it's It just takes time And you just kind of get into it time in the market is more important than time in the market And uh, that's why a lot of us are calm right now even though it's a little bit crazy So that's what we got. Let me know what you think about that and let's take over some q and a and then we'll get out of here I got things going Going heavy Yeah, james is awesome Why isn't it come on? Okay Yeah, james is awesome FUD is not sustainable. That's right Uh, let me get this banner off here. Sorry. Okay Oh, also, I will be putting in Time stamps. I just haven't been doing that. But I'll do that this time comments Okay, why does it keep going? Thank you rob for staying with us down to keep it real That's right Who is george? That's george. The cryptos are us. Everybody should know him My areas in gemini now because I'm a move out of itross from the new york. Yeah, new york again, uh, I still think that it's important that we get regulation Just like they did with the law 230 back in 1996 for the internet That was light-handed approach and allowed the internet to flourish So I think they could do something like that would be okay. Unfortunately. You got gary genzler in the sec. So good luck Uh, let's see Thank you rob for staying with us through them. No, keep it real. That's true Okay, why are options trading legal either but for a price or don't such? Yeah, well stick around because when we do the dollar cut or the dca show It's me james from vest answers and bed from ancient the cryptiverse. It's over. It's going to be on james's Channel that's at 4 p.m. Atlantic time 3 p.m. Eastern and then a high noon pacific. So that'll be uh live today later on This is a good one george. The definition of hope you know nothing useful that look George if you watch his video yesterday george wasn't very hopeful. It was uh pretty uh pretty eye-opening I thought it was super entertaining And one thing george is really good for like getting people You know because let's be honest. We can talk about bad news all day long. I can trust me I can pull it out. I try to be a little bit more balanced and kind of see where things are actually going And uh, yeah, we'll see. Oh man. I can remember when okay rumor. Yes, that's right. I'm old What are you gonna do? Hey, I have a little bit of uh knowledge Let's see Uh And that I think is it Sorry, there's so many different things that come in because we have so many people I got to put this on slow a slow burn Here's a good question Do you have a plan for assets if war will happen in ukraine? First of all, we have to see that actually happens We want to see what america's gonna do as far as sanctions, but uh, it could potentially Just depends on on how this administration actually plays it And what they're gonna do You're not as old as I am Not pretty old Rob, are you completely in portorico now? Don't know no home in the u.s. Uh, no I this is this is our homestead here, but I own we I can't say I we me and my wife We own property in el paso in houston Short-term rentals we had to sell a couple because of like I said the homeowner association aren't allowing short-term rentals But we still have Two hanging around so uh, yeah, but those are just investments and Where was this this was a good question Hi, it's probably a bitcoin going 33 k higher or climate climbing back to 45 k You know if you had to put a gun to my head and see what's gonna happen today I probably say it's gonna go a little bit lower Something that a lot of people probably don't say because it's all you know like everybody's going to the moon But uh, yeah, I could probably go lower. That's just the truth now. Will it no idea. Nobody really knows Ben's got a pretty good ta sense, but again ta It works until it doesn't and then we'll go from there. All right, everybody. So that's it. So uh, Thanks so much for stopping by. I appreciate it. Hopefully this helps you out with a little bit of the jitters again These days are I mean, they're not the greatest days But if we just zoom out it's the same thing before I know it sucks because if you've just gotten in 2021 Like I got into it. It's not something you want to hear but again the unpopular opinion I'm gonna start right now and I bet you I bet you anything in the next three to four years We'll be at a much better Higher price place. It just takes time. No one said actually that's not true This is not a get rich quick place This does not exist get rich quick does not exist a lot of it exists and we see what happens a lot of winners So just hang in there. That's it. So thanks so much for watching. I appreciate it and I'll see you on the next one Bop Bop