 Everything we talk about is time-sensitive. Now that we talked about that, let's jump into a little Q&A and go from there. But if you gotta take off, take off, I appreciate you guys. All right, here we go. Army Piper, what's up, buddy? Fellow El Pasoan, listen, drive, drive to Houston. Very nice. I love both those places. Oleg says, nice advice. Thanks, I try to give not financial advice, some kind of life advice. So your friends don't absolutely hate your guts as time goes on. And they will hate your guts if you promise them the moon and deliver them trash. Please, everyone thumbs up. Ha ha ha ha, Jake today says, Dan's website is still up and running, it's free. That's true, it is still free. It's free, it'll always be free. Josh has got a good question. Why does Ada always lag behind? It's because if you believe in Ada, I like Cardano, I like Ada, I love the community. It's because they're very slow to doing what they wanna do because they wanna do things right and not have things crashed like Luna. And they take an academic approach and some people give them a lot of guff and at some point it actually could be a little bit valid but I will say it has never gone down. Solana goes down, I own Solana. I own a boatload of Solana as a matter of fact. I still like it. Ada never goes down but it's slow and I own a boatload of Ada, look at that. So at some point, these things just happen. Will it actually rebound? I believe so, but I could be wrong. So if you believe in the project and like the community and all that good stuff, just stick around. If you don't like the price, it's like rain in Puerto Rico, it'll change. Ooh, identified idiots. The watch used in early 2020, just done my four years, I learned so much for the next four. Yeah, I had Sam on from my financial friend and he had a pretty good point. He said, you know, when you go through these cycles, it's like the first one you're just there to lose, you're just there to screw up so you can learn something and then the next one you're good to go. The great thing is that a lot of the people, when they get in that first cycle, they get like, we just saw, they get burned and they leave and they never come back. It's not for everybody, but the strong ones, I believe are the ones like, you know what? It's not gonna beat me, I'm gonna beat it, I'm gonna come back and I'm gonna be better at it and I'm going to learn from my mistakes and I'm gonna be a legend and that's what happens and that's why you guys are here listening to this right now and I appreciate you because pretty soon, we're gonna get a bunch of tourists and most people suck. Yeah, anyhow, it's a good question. How's the mosquito situation in PR? It's not bad actually. Like, I think it's worse in Georgia, quite honestly and that's it. Ken Savage says, get your camera off the desk. You're telling me it's just your camera shakes. That's like, you know, people pay big money for that. But you're right, I really should do that and I've been meaning to do that for the last year or two and just haven't gotten drawn to it. Slacks says, Rob, did you wait for a pullback on some malts currently or too late? It's never too late. As far as waiting, I'm not a person that likes to wait around because let me ask you guys a question. How many people do you know or that you've seen on X that are saying, you know what, are you heard this? Bitcoin's gonna go below 20K. It's gonna go below 15K. That's going to be a 12K. It's gonna be a 10K and then people don't buy. Now me personally, I seriously thought when we hit 15K back in November, 2022, I believe it was. Yeah, I said it could probably go to 12K. And I said, if it does, that'd be fantastic because if it's at 15K, I'm still gonna dollar-cost average. If it goes to 14K, I'd dollar-cost average, maybe a little more. If it goes to 12K, I'd dollar-cost average, even more. So I think it can go to 12K, but I'm praying for that so I can keep buying. There was some people that said, no, no, you gotta wait until this 12K and then go all in. Those things, I mean, it works sometimes, I guess. Yeah, Ralph says, good advice. Four years as a compulsory, then you learn and I'm a boomer too, we're all boomers. I should still have from George. Welcome to Digital Asset News, I'm a boomer, we're all boomers, that'd be funny. Sweet Mary Joseph, that's the clip that's gonna be cut and put on Twitter. Oh well, I did not, it's interesting. Rob, did you see the list of staking tokens grayscale is scooping up? Great, grayscale is scooping things up. No, I did not. But hey, if they wanna buy stuff, I'm happy for them. I'll go from there. Crypto Carpenter says BlackRock getting in is going to destroy retailers. There's some points to that because if you think about it, I mean, would it be crazy to think that at some point BlackRock could own and control a million Bitcoin? Is it crazy to think about 1.5 million, maybe two? I mean, I know they're only at like 168,000 right now but just think about that. Especially as people start selling and selling. I know we're not gonna sell all of it but maybe some of us take some profits. No, we're gonna scoop them all up. I don't know if that's what Satoshi wanted but that's what's happened. There's a way things that should be and there's the way that things are gonna be. That's just how it's gonna be. Jay says, do you still have to pay federal taxes in PR? I still have to pay corporate taxes, yes. I still have to pay real estate taxes, yes. But as far as capital gains taxes, no. However, all the crypto that I brought with me in 2021 which was substantial, I have to still pay capital gains on those. So it's whatever that I make here. But then if you think about it, and this is a question that came up because I was talking about taking profits and people were like, well, that's very easy for you you don't have to do capital gains. I'm like, look, you're gonna pay as long as you do over a year in your United States, that's the long-term capital gains. You're gonna pay 20% on $100 gains that you made or you're gonna pay 20% on the $10 million that you made. Visually, percentages are percentages. So that's it. And it's not like you have to pay capital gains at the moment they happen. Usually it's April 15th. I personally go for an extension, but whatever. So to answer your question, I still have to pay taxes on the old stuff, just not on the new stuff, which I'm pretty happy about. But I do love this place. Puerto Rico is the best. The people are great. The food, pot holes, let the island and everything else. Pretty good. Hans has got a good point. Rob, why is the having still important? ETFs are already buying way more than miners can sell. It's a good point, but think about it this way. So right now, BlackRock's picking up or all the ETFs are picking up roughly 10,000 Bitcoin, right? And then per day, how much is being produced? 900. Can you imagine the narrative? It's always a narrative. Again, crypto is based on what? It's based on hype and speculation and greed. Can you imagine the narrative that's gonna come out on MSNBC, CNBC and all the different pundits that are out there and they're gonna talk about, guess what? Today's April 20th or 21st, 2024. We went from 900 issuance per day to 450 issuance per day and the price just skyrocketed. I think that's why it's still important. It's the narrative. It was never about the super fantastic technicals. It was about the narrative and pushing the narrative. People can disagree with me. That's just what I think. And that's it. Hey meme, hold on meme. B. Pittman says, when can we expect to see ICP at triple digits again? You also have to take a look at the fully diluted market cap. I don't know how or what the vesting schedule, what the cliff was and how many different tokens were released for ICP. But remember in 2021, I think it was $700. $800 per token. Now I think it's like around 15 bucks. So I'm not for sure, but I actually own ICP because I am maybe a generic gambler sometime. Piculus, do you have an I trust IRA? I do for the past three years. Are there any unprocessing risks you can think of with that? There are, there always is. So the question that you have is, why does Rob have an I trust IRA? A Roth IRA? It's because first of all, I'm not gonna live here in Puerto Rico. My entire life. I will probably travel at some point. And if I want to have tax-free gains at that point, it's a great hedge. So with a Roth IRA, think of it this way. With I trust, first of all, there's no fees that you have to pay every month. It's just, there's just a transaction fee that you have to pay. So that's pretty great. And then also, I don't just have to, it's not just about buying Bitcoin. Let me show you something. I probably should want to see this. So what I'm talking about, how it works, ah, here we go. When I'm buying into my IRA account, I can buy Bitcoin, I can buy Ethereum, I can buy Solana, XRP, Cardano, Doge, Shiba, Avalanche, Polkadot, Chainlink, and all the rest of these ones. And also I can buy Golden Silver, which is pretty great. And I have Golden Silver in my account right now. So I have an IRA because at some point, when I hit 59 and a half years old, which isn't too far away, when I cash out, if I do cash out, guess what, tax-free. That's if I'm living in here or Portugal, or I'm living in Idaho, I don't know. It'll be tax-free. And what's great about this is that, and this is another little thing, a little tip for everybody. If you wanna get a Roth IRA now, you can only vest or you can only actually buy into it per year, between $7,000, $8,000 per year, depending on your age. So if you're at that age, well, it's either $7,000, $8,000, until April 15th, tax day. If you want to actually put it in from 2023, you can do that before April 15th. After that, everything's in 2024. So to answer your question, that was part of it. And the second part is that there are any unforeseen risks. Here's the thing, what do we always talk about? Not your keys, not your crypto, right? You do not have your keys with this, do not. And it is something that is on their platform and they use Fireblocks for asset custody. And they will be moving pretty soon to I hear it to somebody. I cannot tell you who that is, but they're really big in the custody, we'll say. Anyhow, so when you have and give up that, you kind of give away your control. Now even Swan Bitcoin and Corey is huge on talking about self-custody. He said the same thing. He's like, look, we're gonna do a Roth IRA here at Swan, but guess what, we can't do your keys, not your keys, not your crypto. We're gonna have to actually custody it because that's how the laws work, unfortunately. So for this one, there is a risk with that. Also, there is, when people talk about, well, what about cool mingling of funds like FTX and everybody else did? Well, in their charter, and they're actually regulated, they cannot do that. So even if the company itself goes down, where your crypto actually is, gets transferred to another provider. So that's how it is. But what I will say about this is that I can only lose, actually I can't lose because it goes down anyway. So that's not a big thing. So that's what it is. I've been with there for three years and I will say, lastly, I will say this, pay attention to the ones who make it through this brutal bear market because they're the ones that are gonna thrive. And right now we're in a bull market and these guys went through collapse of FTX, Celsius, Voyager and BlockFi and they're still here. I'm good with them. All right. Oh, thanks Becky. I hope your back is doing fantastic. Matter of fact, right after this, I might actually go to the beach and go play. We're gonna see. I'm gonna give it a run. What happens? Brian's got a good question. Have you been reading the miners the difficulty that they're having right now? Wonder if the having will shake out the miner market. I'm not a miner, but there are some miner, Bitcoin miners in the audience. If you guys could chime in, that'd be fantastic. This is how I understand it. So it's some, well, April 20th, the having event actually happens. So you have the same electrical usage, you have the same rigs, you have the same overhead, you have the same costs, all those things, but you get half of what you actually put into it, which is a big problem. So at that point, some miners will have to shut down because they won't be profitable and that's pretty much how it is. And then at that point, there's a difficulty adjustment. It takes, I want to say 10 days, Grant correct me in the comment section. Once the difficulty goes down, that means a little bit easier for miners to actually work. However, there's a caveat with that and people have told me this is that probably on our stand, as a miner, I can plug into any of these big locations, these big mining facilities as an individual miner and just mine with them. It doesn't have to be located right on site. So again, correct me in the comment section and go from there. Metagirl says, Rob, capital gains are 23.5%. I don't believe that's true. I think it's 20 to 21% and I think it's on by state, but let's take a look. Unless they changed them lately, capital gains, United States. Let's see, this is from the IRS. What? The tax rate on most net capital gains is no higher than 15% for most of it. Is that right? Okay. Capital gains at 20% applies to the extent that your taxable income exceeds the threshold set for the capital gains rate, but this isn't long-term, short-term or long-term. There are a few exceptions to capital gains and we tax at rates greater than 20%. If you're a qualified small business and you're stock, it's not us. Selling collectibles such as coins, that's gold coins, are taxed at a max 28%, unrecaptured section, 1250. Interesting. But you have to remember, there's also state by state capital gains. Oh, my favorite. This is nobody's favorite. Not the tax plan. Let's see how old this one is, 2016. Let's do 2023. Yeah, there we go. Not what I wanted, but that's fine. Capital gains, sales taxes, ah, whatever. This is not, hold on, now I'm really, now I can't stop looking at this stuff. Individual income tax rates, no. Let me do this again. Capital gains, there we go. Combine state and federal top marginal tax rates on capital gains, there. Maybe that's what we're talking about. Geez, Louise, this is awful. DC is 30.4%, I guess that's a combination. Yeesh, Vermont, 30, New Hampshire, 25. Arkansas, Alaska, Texas, 25%. It's from the tax foundation. Interesting. As I know, is that that's what I hire my CPA for to tell me how much I owe, which is never good. All right. Robin says, if you hold your crypto for more than one year, you are subject to long-term capital gains tax. Spending your taxable income, fine, you'll generally pay, there you go. Unless you're in Germany, apparently in Germany, you guys have none after a year. One good reason to move to Germany. I can hold crypto for a year standing on my head, no problems. Nas has got it, not unlimited. Max is something like 55K rolled over. Yeah, there are rollover IRAs. If you can do those types of things, but there's a maximum amount, talk to the guys over at iTrust and go from there. Seattle Paddler says, when do all miners stop mining? Cause it's not profitable. That's what happened to Bitcoin. So the head of Mara, the head of Mara mining, Teal, last name Teal. He was on, he talked about how in actuality, a lot of the blocks that they were mining, it wasn't the reward for Bitcoin that was actually driving the revenue. It was just the actual cost for the transactions. Remember when we had those issues with ordinals, which will come back, especially as we move into this bull run. Remember how massive it became ordinals? You could actually do all these, you could write on these things and you could essentially, you could have like a, a GIF on Bitcoin, I guess it's an NFT and Bitcoin essentially. That's what I see it. And he said, look, for those, we were doing massive amount of revenue. So I don't think miners are gonna go anywhere. And there's always gonna be somebody who's gonna want to make a little money. That's what I think. I don't think the miner is just gonna go away. But remember, it's not the miners that really secure the network. It's the node operators. And there's over 16,000 of those worldwide. Tax loss harvesting is a thing. You know, there's a lot of tax questions. Good news. I've got David Kemmerer coming on from Coin Ledger on Thursday. We'll answer all these questions. Tax loss harvesting is a thing and wash trading is illegal for stocks. But in crypto, tax loss harvesting, you can do. You can sell your crypto and buy it right back. And you can retain those losses and use those for your tax itself. Christine says, I'm hoping my tax advisor Repair knows about taxes and crypto. He's old school. Chances are no, but I could be wrong. I will tell you, you're looking, someone that can help you out. And this could be for Christine or it could be for everybody. If you go to Coin Ledger, links in the description and you scroll all the way down on the bottom right-hand corner, there's a link here that says find a crypto tax expert. When you click on that, these are people that have been vetted by Coin Ledger where they specialize in crypto's and digital assets, especially for tax returns. So there's a host of different people you can talk to. They're not expensive. They're reasonably priced. Not all, I mean, not all of them. Some are pretty crazy. But just flip through those and find somebody. Trust me. We've only got so much time left on this planet. I don't wanna deal with having to flip through a bunch of spreadsheets and nonsense because I don't remember a transaction I did two years ago on some crazy exchange that I shouldn't have signed up for anyhow. Not legal advice. Thank you, meme. No, that's interesting. Gil says, I've asked this question many times, even though it's a hundred years away. At some point, I believe we will have little miners on our phone, which is the ultimate security for Bitcoin. I gotta agree. Edward Fox, Coin Ledger and Coinly preparing the tax reform so easy. Yep, very simple. I did not like taxes. I don't think anybody likes taxes. Is his name really Peter Thiel? Or is Peter Thiel the investor? Or do they have the same name? Crazy. Meme asks, Robby may have covered this but are you still DCing the same as before? Pretty much right now, there are some cryptos I DC every day. Bitcoin, I still dollar cost average every day. And there's some altcoins I do every day, some altids I do every three days and some I do every week. It just depends. I don't think we're near the top. And people ask me, you know, should I dollar cost average? And I said, yeah, there's really some questions you need to ask yourself because I can't give you advice, not a financial advice, I'm not your dad. So the first thing you have to say is, do I need this money right now? Like if this money goes away, is this going to destroy me? So if that's a no, okay. The next question is, do I have any bills I have to pay? Like I have to pay like right now that are super important that I pay, you know, like my mortgage, pay for my family's food, that type of thing. If that's a no, then the next question. The next question is, do I think that Bitcoin will stop appreciating? And if that answer is no, then the last question is, do I think that inflation will stop? If that's a no, you probably want to keep DCing. Anyhow, it's up to you. That's just the things that I always think about. Do I have to pay somebody? Can I get away with that? Is Bitcoin done and is inflation going to stop? They told me it would. They told me it was because those, just those greedy corporations. That's what Elizabeth Warren told me. And she would never lie. Yeah, big pay I am ready for the bull run. I had a, I had physiotherapy today from my back and I said, hey, how's things going? I mean, this is a great time, right? You must be super busy because of this crypto thing that's happening. I said, yeah, it's doing pretty good. He goes, are you super busy? I'm like, no, no, because I did all the hard work months and years ago. I mean, all the time when everybody was laughing at me, at us and we were buying up crypto and digital assets, I was, that was the hard part. And of course you have to scrimp and save and do as much as you possibly can to really buy those dips and really get to the bear market. I go, that's the hard part. This is the breeze. I had to sit back and just watch my portfolio blow up. Can't get any easier than that. He's like, oh, I didn't know it was like that. That's why you're not an investor. Anyhow, I did not. Crypto minute, you see the Egyptian pound get destroyed today. Another fiat currency going down. Not surprising. Jonathan Toros says, tax is a scam and he's not wrong. It's all the government debt and they pass it down to us while they make millions in their paycheck where the people work checks, gets tax, taxis and shows up, tax again over for working. Not only is that, there's a thing called the cantillon effect or cantillon. I always get this wrong. Essentially the people that are close to the money printer are the ones that make out like bandits. So if you have, not the Federal Reserve or the US Treasury, of course they print as much as they possibly can. The people that get it, the corporations, the big people they get those first and what do they do? They buy assets and that filters on down to us. And then of course we get screwed out and we get like scraps. So, and of course, what do they do? Hey, I made a lot of money. We need that back. All right. I suppose so. I'd like to see where I can file my dependence. You know, Ukraine and everybody else. It's, all right. All right. Kevin, excellent lecture. Thank you. Delmy says, it's a good question. When you disappear and come back from the bear, there's a video in the comments section or in the description and it talks about when I'm gonna sell 80% of my crypto. I am planning to do another watch along of that video. And what it is, it's me just saying like, here's the indicators I'm looking for. Here is the different things that I need to see before I start to really consider selling. And we're gonna go over those. And we're gonna talk about what kind of investor you are and how it all kind of breaks down, especially, and I just take a look at basic stuff, right? Picycle Top, MVRVZ Score, Coil Multiple. Also take a look at time and risk bands. And it's the overall market sentiment. We go from there and we say, okay, this is a good time to probably take some profits and get out. At that point, I step down, don't come back from the bear. Gerald, Gerald Hogg with that, the great. Why do you all influencers? First of all, I am not an influencer. Those guys are the ones that have the open-gap mouths and the ridiculous titles. I try to be an educator as best as I possibly can. Why do you guys report Bitcoin versus USD and make more sense for Bitcoin versus gold? It's a good point, actually. It's actually a great point. You know what you really should do. See if CoinGecko's up. Hey, it's up. This is what we all should be looking at. If you go to CoinGecko on the upper right-hand corner, there's a little cog there, put it in the Indonesian Rupa, just kidding. Put it into Bitcoin. And now we can really see what's going on. And you can see that, hey, in the last 24 hours, you'd be up. If you put in a Bitcoin, that's fine, but you'd be up 5% for Ethereum, 4% for BNB. And you can just see this, I don't need to tell you. Holy smokes, you'd be up 181% on Shiba, you know? Wow, pretty green. That's what you want to do, but I'd never done this before. Hey, you can do that. You can put it in gold, look at that. Wow, look at that, it's even worse. Great suggestion, my man. Gerald, I will be stealing this from you. You're a gem and a scholar, I appreciate you. That's cool. So for gold, 9%, you'd be up. If you put it in gold, even though I think gold just hit it as all-time high, not too long ago, 14% for Ethereum. Would you be down on anything? On the dollar, yeah, okay. Tron, all right, die, dies, die. Immutable X, that's weird. Stacks, Casper, wow, you'd be up 140% on Pepe, another meme coin. That's just sad. Sweet Mary and Joseph, I can't believe it's that bad. Singularity, what's that? Another AI pick, 44%. Ordinals, excellent. And of course, die. Excellent, excellent one, Gerald, thank you, man. That was good, that was real good. Now, Ben's chair is here, hey Ben's chair. See you tomorrow for NFA Live, I think we're on Ben's channel. I don't know if you're gonna be there. Truckin says, remind me to buy meme coins next bear market. Adam, Pepe, Doge, what do you think of GST, Rob? I don't know, is that GST for avagacchi? Like G-H-T-S-T, or is that something else? I don't know what that is. Whatever it is, it's probably gonna be great. That's usually my response for everything that people ask me about for like the altcoins, it's probably gonna be great. Bob's, I was gonna have the shocked look thumbnail. I've never done one of those. It may increase my views though, that's what they tell me. For Ducks Thrive, hello, did you take profits? I did not, and we talked about this yesterday. My wife took profits two nights ago, and she out-traded me, she was a master trader. She hit the top, well, it's roughly the same price right now, and that's it. Chef, we'll leave it at this. Love this stream, it is solid, it is solid. Didn't move yet, probably will at some point. Take adoption, hey, deserve, hope you're doing well. Doing great, feeling pretty good. Time to get out of here. All right, everybody, you've been here for almost an hour. I've taken way too much of your time, I apologize. But thanks so much for stopping by. Look, if you liked today's video, give it a thumbs up, consider subscribing. Everything we talk about is time-sensitive, and we're really gonna start to accelerate as we get into the having and beyond. So, if you'd like to follow along, great. We'll also do that video this week where I talk about when I'm gonna sell and the different indicators we'll do a watch along, which is essentially, it's a prerecorded video, but I'm on the side, and every so often I stop the video and I take all the questions so people aren't confused, and I can explain it better, but that's it for today. So, thanks so much, everybody. I appreciate you, and I'll see you on the next one. Adios.