 So look we'll do the Q&A I'll answer all your questions. That was everybody's favorite part I I can totally get with you on that also if in the Puerto Rico area on Sunday, we're gonna do a meet-up We walk shelter dogs at amigos de los animales follow me on Twitter And we do that every Sunday morning 8 a.m. Walk them on the board walk on the beach Something good to do we talk crypto. I treat everybody to breakfast afterwards, and that's it So look like this video thumbs up subscribe all that good stuff now. Let's get into the fun times which is Q&A. All right, let's do this. So let's see This was a good one from Matt. I like this one. He says And if you're new to crypto welcome, thanks for stopping by. Thanks for getting into Some asymmetric returns but a heck of a lot of risk Matt says when I was falling the stock market of 5% drop would be a horrible day and crypto I've become accustomed to it just being a Thursday That's exactly right That's exactly what it is man. It's uh, you know traditional markets 5% 10% is awful You know for us, it's like well, that's lunch. So maybe we'll see what happens tomorrow for breakfast And that's the truth. All right. What else we got? Julian this is a great comment, and it's something I've been thinking about a lot Hey, Rob, do you think there will be a sell-in-may-and-go-away event? This is a very Typical a very common expression the traditional markets sell-in-may-and-go-away, and I got to tell you if some things line up This would be the time because we were always talking about the potential for a recession to come in potentially q3 and q4, right? So if we sold in May that would be the middle of q2, right June be the end of q2 Maybe that's not a bad idea now I'm not saying for you to sell or giving you any financial advice I can't do that, but I'm gonna take a real hard look at what's going on and there's a lot of macro factors Which I use Ben's website Let me see And I do with it all right because like all these macro factors take a look at GDP debt Was it good stuff? Interest right now Here we go unemployment statistics Job openings and turnovers Sentiment I'm just gonna take a look at what the macro factors will will say. Oh, I like this one. How's prices index? Yeah, it's on some other stuff, but Yeah, I think it's it could be it could really play true if that's the case sell-in-may-and-go-away Not a bad time, so we'll see Becky hello looking forward to our interview on the 16th. I think it is True 49er for life Rob NFA, but are you investing in alts? Yes Thing I'm jumping back into Solana Aptos and Avax not sure if I go that route or keep investing in alts so look we did a video on this and I said specifically Here I'll find it It was just a couple weeks ago It doesn't matter but I started to micro DCA around May and then because my job was to just start stacking cash Which is what I did. It was very hard. It's very easy to buy and buy and buy it's hard to sell and it's hard to To change your your philosophy, but I did that because I thought there would be some more some major downturn and I didn't want to be underwater for so long and Here we are So just a couple weeks ago. I said well, you know, I'm gonna start doing it again I'm just regular DCA and the alts that I picked up. We're the same thing. I've always talked about here, right? So Bitcoin Ethereum, you know, these are like dailies and then you'll have like the avalanches the Cardano's the nears and I think it's a bunch of I and I talked about those in the videos But some are every day some are a week, right? I'm doing that because I'm in anticipation that I think we're gonna go lower at some point And some people will say well Rob Why why would you do that? Why wouldn't you just wait until it goes lower? And then it's our buying because I don't know for sure and I don't think anybody knows every time I think I know where the market's going It's like you don't know you're doing and then it does the exact opposite So I'm just tired of that game. So I just say okay. Well on this one I think we're gonna you know more of a downturn so I just micro DCA a little bit here And now I'm at the point where I'm like, okay Look, I think the next bull runs to two and a half years maybe three years away So I got two years of a runway to invest and move from there And that's it I mean even if we're in that like because I know like like like the gear of the Soloway's and the Paul Tudor Jones You know, they start to believe that or the drunken millers are like look we're gonna be in a 10 to 15 year type of sideways action and just like we saw for the real for the S&P 500 back in the 60s and 70s and I said that's true If you look at the at the charts, but also remember I mean to hit our all-time highs But also remember that during that time there was bull runs going on in that time frame So just like we took a look those indicators the time and risk bands and things like that You can just take a look at that and go well, okay, I didn't buy the top. Thank God But I mean as time as it goes down. I'm gonna start to buy The bottoms. I mean I bought Bitcoin in 15 seven because I was dollar-crossed averaging every day. This wasn't doing a ton of it So I'll always buy the bottom, but the next big question is when do you start to buy as it goes up? So you dollar-crossed average any dollar-crossed average out is it's not I'm not that smart. So that's what I do Meme hello question is there any way to hold abax on a hard wallet seems like you only hold an abax on my wallet I can see if my leisure but isn't my leisure you can connect. I correct me if I'm wrong here But you can just do this you can connect your ledger wallet to your to your abax Wallet that you can access I mean you you control your private keys though when you do it online But you can connect your nano ledger I believe ledger and a vax Yeah, so Take a look at this just ledger and a vax Yeah So you gotta have a third-party wallet whatever one that you use and then you connect your your nano ledger Which means it keeps it secure so no one can go in there and but to move things around actually did a video on that If you do digital asset news avalanche staking there will be a video on how to do that It was a long time ago. I did it. No, I was like six months ago wasn't that long All right a noob is a noob. This is just a pullback noob. Everybody's likes to say that, you know, it's like, ah, it's this it's that it's Sure pull back Dump sell off whatever Hi, you still holding I'll go DC. Yeah, I'll go I'll go around I DCA I think that's one of the ones I do for once a week. Yeah Andre says a Rob, I keep hearing he has to go lower blah blah blah I think most Ben are missing the flationary aspect of ETH and the insight So my big concern was the Shanghai upgrade and I correct me if I'm wrong But that gets get delayed again that I hear that right. I just saw a snippet somewhere anyhow So that was my concern is that people were going to when the Shanghai upgrade came about then they were able to sell their Ethereum and there's gonna be a sell-off and we go lower. I'm like great. I'm dollar-cost average Fantastic timing but unfortunately It looks like when people, you know Locked it up and staked it because they couldn't unlock it They were at a little bit of a higher price. So now when they unlock it It's not like they're gonna be in massive profits. So people won't sell That's what's up. So yeah, I don't think it's gonna be I think it'll probably Well, who knows I think it will be just fine. It'll stabilize and actually probably increase a little bit as people figure out Oh, they're not selling but you know, if it does that Not super happy about it. It's Whatever. Ah, good question. Hey Rob, you still believe in meld greetings Cedric in the corner. Yes from the coin beer event We'll be there in London June 8th. I think it is for the next one Yeah, matter of fact, I just talked to Ken. I just text Ken not too long ago from from meld and They're going through some growing pains and working through the the bear mark You don't hear too much about him because they're building and then he updates me every so often I shouldn't just have you know what I'll do. I'll have Ken back on the show I'll just do it give us an update about what's going on. But yeah, they're still working out and go from there TT says Rob, do you still do the DCA live? We did so the me James and Ben DCA live it got replaced James is still doing it with CTO and Ran and they're doing the DCA and it's because like it's like I'll say it again Like our community is never really we had a clashing of communities and the whole goal of These when we get together is to alleviate some stress and when you guys got together with like Like the best answer to group it was a lot of fighting So we're like maybe our tribes don't really work out too well or our message So we just I said I'm gonna step away and James like that's cool I'll get a couple guys and then and me and Ben weren't gonna do anything and that then was working with guy to do some he does like these weekly videos with with guy from coin Bureau and guys like hey, would you like to because I'm trying because guy was trying to build up his his The clips channel coin Bureau clips So he was hey, he wasn't gonna do a weekly show. Why not? He said sure good and guys like who else you want to get I know this guy. His name is Rob And that was it so we just did it like that way and it's just it just it's fine Like I've watched the DCA show looks like a good show because they're doing good things And I think those communities jive better than our communities That's all about it is The guy with the least worries at the end of the day is the winner, that's right Skept it's a good. It's a good handle. Do you use it? Do you use a centralized exchange without naming names? Have you used any decentralized exchanges? Yeah, I mean, I'm an American and I mean, I'm in Puerto Rico, but so as far as like exchanges I pretty much only use Coinbase and it's because they've stood the test of time They're still around and I use this thing called Coinbase one. It's like Always get this wrong It's either 20 bucks or 30 bucks a month and you don't and it's up to $10,000 for fees So you don't have any fees. You just pay that that's that price since I buy every single day it more than Makes up for for the cost of the Of the rates of the fees, so that's what I use and as far as like dexes Yeah, I've used the many I've used Gosh, I mean uniswap is the big one Let's see other Let me see Sunday swap. Yeah, if I can pull it up, but I think the question you're probably asking is do you trust them? Well Dexes are doing a lot better than when I first got into it and They seem to be a little bit easier to navigate and to actually use so yeah Yeah, uniswap v2 and v3. I've used sushi swap a couple times, but Just sometimes I have liquidity that I like and that's about it But again, I don't really have to use it until I'm you know doing some D gen type of stuff Usually most of the things are done with Coinbase. I buy things on Coinbase. I take them off and put them on my nana ledger That's why I have You know these rules that I put up They look like this The middle one here don't leave any exchanges So I just put on my my nana ledger. It's very simple and if you don't know how to do that It's okay at some point. I didn't know how to do it either. So I made this website It's a hundred percent free. It's Dan teaches cryptos link in the description I show you exactly how to do that step by step bite-sized pieces, right? Mmm Rob thoughts on me malts Shiva, you know and doge still kicking is that a sign more dumb thing? I gotta tell you as much as I'm like, I don't understand the meme coins They seem to have resiliency. So who am I to say anything? And that's it So is it still kicking? How long has doge coin and Shiva you know been in the top 10? Top 20 I want to tell you all the way through this entire bear market, right? Let me see. Maybe I'm wrong pop up up Well, there's doge. It's always been in like top 20. It seems like there's Shiva, you know and Say what you want there's resiliency there Does that mean I'm gonna invest into it? No, I mean that's not my play But does that mean that it's an awful project? No just means that Rob doesn't invest into it Rob Has passed on a lot of opportunities and I will miss a lot more opportunities than I will get in there So that's it Aaron says do you hold in the uniswap? Why do you think it hasn't gotten more attention since the central as exchanges collapse? So I still own uniswap. I remember when they had the airdrop. I think I sold some But I always had that original like I think it was like 300 uniswap that they gave you But the question is why haven't they gotten more attention since the central as exchange collapse? It's because people are lazy though There's two reasons it's because people are lazy and I don't want to learn new things and I get it and then of course They hear about the hacks that are going on and and the different if you look for certain Crypto's on there. You don't know if it's the right one or if it's the right smart contract and people don't want to lose Their money. It's not about how much you make it's how much you keep right? So I think that's part of the reason also people need an on and off ramp Okay, so if I have a I never carry cash, but let's just say for example This is my dollar, right and dollars is my archaeo's card And I'm trying to find and put this into my decentralized exchange Well, I need to some way to take that dollar and put it into crypto in some way so I need a centralized exchange and do it and Unless I'm a miner and I mine Bitcoin, right? Which would be pretty awesome, honestly So then I have that central exchange it it Integrates with my bank and then I start to do the trades before you know what I'm just sucked into that system That's the problem. If there was a way It's just an easier way to for my like if my This would be great And people aren't gonna agree with me on this one. She's like, ah, you don't they're gonna track you They're tracking anyhow. They're tracking you right now. Who cares? So if my bank could in some way just be like, hey, we got it Well, here's your cash and your checking account Do you want that in dollars or Bitcoin or Ethereum or dogecoin or tomato coin or whatever? You know, you can you can do a straight swap and there's no fees. That's the magic of USA. I'm not saying that's what they're doing I'm saying wouldn't that be cool if they could if they could do that And then I could go to a decentralized exchange and swap things. That'd be that'd be great That'd be great Yeah, Tesla, do we all smash the like that's a great question. What channels do you watch regularly besides? Benz and guys For Ripto Altcoin daily always seems to draw me in with those fantastic thumbnails. I watch Charles Hoskinson on his on his AMAs I'll check out James and The DCA show every chance like every chance that I have an opportunity CTO Larsen misting crypto crypto stash Tom crown and Jerry V Hall if you'd ever put a video out lazy And those types of things but other than that the bigger stuff is Ryan holiday and his his YouTube channel about the Daily Stoic, that's the one I probably watch the most When rob coin there is no rob coin that's That's a recipe for disaster. I have nothing. Oh and crypto CTO. Yeah crypto CTO who just moved to UAB good for him Aaron says you can use your card on uniswap for an honor. I wonder if I didn't know that Let me see that. I'll look at that. Oh It's moon pay No, there you go That is true Moon pays a big I don't like them just because they're fees, but fees are fees, right? Some people would some people were complaining about fees on coinbase about how high they were and they would always tell me you gotta use FTX those fees are so low. Well, yeah, their fees were actually like point two percent when reality the fees were 100% so maybe I should stop complaining just bite the bullet and use moon pay excellent Okay, no nice forgot about it All right crypto CTO matter of fact crypto matter of fact misteen the crypto and Stash are gonna be on a show today. I probably checked it out I'm not too well at it because of hard stuff, but I guess I'm still okay Norman. That's the truth You know, we always say that we want this we want that, you know, healthy person has a thousand wishes and person With not Optimal health. They only have one wish. So just remember that when you're Feeling like damn it. I don't have I don't I didn't make a billion dollars today Rob any infill or inside an Alaska Gold Rush. So that's a plate-earned game coming out. I want to say March that the TG Well, the 10-set IDO is gonna be March 13th 14 15 some around there. It's interesting It's interesting game and I'm gonna do a deep dive on it and that'll not be on this channel It always is on any kind of deep dives for like risky plays are on Dan degen the second channel, which I haven't done I haven't had a video on there for nine months So that'll be the first one Dirty Dan says Rob when you move your crypto from Coinbase do you wait till a certain dollar amount to save on fees? Just anything move it it's different for everybody because if you're moving ERC 20 tokens or Ethereum based It's gonna be pricey. So like if you're buying $5 worth of Ethereum or whatever and you're like, okay I'm gonna move it because I need to move it and then you move it and the fees are 325 You're like, well that sucks. So everybody's different for me. I buy a little bit more. So It's not so much about the fees myself. I just want to get it off there So sometimes I get lazy. I'll do it every day. I might do it once a week Sometimes every five days sometimes every every nine ten just depends So it's all about what you can afford and then also the the the one thing I will say is just The worst you could do is leave it on there forever. I think we all learn our lesson, right, right, right? Probably XRP, you know, I just heard something interesting and I never really Now I'm not gonna say about XRP because Well, if I don't say that people like what's the deal? So The legal counsel, I forgot the gentleman's name for XR for Ripple He said that there's gonna be but I've heard this for like months that there's gonna be Legal decision Coming out within the next couple days and of course I saw that and I'm like I should really read into that because every time I see that it never happens. So But maybe it does this time, who knows it's the same thing like a Bitcoin ETF I've heard that since 2017 and Then whenever whenever whenever anybody says it's gonna happen, Rob You just don't know what you're talking about. I'm like, okay, maybe I don't but still hasn't happened yet Let's see JML says banks want your house. Well, that's always true eggs are a dollars now That is not true. You go to Costco. You get an 18 pack for 499. I know because I eat eggs every day Rent is super high depending on where you live. That's very true. If you're in Miami and Austin or Los Angeles Sure as heck is food costs too much day of reckoning is coming fast. I love food costs too much I mean, I'm in Puerto Rico and it's expensive here, but it hasn't gone out crazy Yeah, so And what says I feel like Ben is right when he says we need gaming companies to incorporate crypto And not the crypto bro is creating one is someone who enjoyed gaming. They all look extremely poor in comparison. So Yeah, so like The thing is like these new games that are coming out for block like Alaska Gold Rush, for example, that's by a legit AAA gaming studio, which is already which already has other games under their belt and it looks pretty good see for us like we're bringing to market back Flappy coin and That is something totally different. Those are casual games. Anybody can do this type of thing But yeah, and then we were talking to somebody. This is all rumors and if you go and spread this rumor I will deny it but the rumor is that the one of the founders what I was talking to Is how Sega is getting into the web 3 gaming industry and how they're really gonna push hard and they've hit up Their studios a couple of times. So I'm sure there's some article floating around about it anyhow So but I thought it was interesting. I mean Sega Sega. It's pretty big Tesla says I understand most of the products in crypto Tesla mean either Honestly, and I know what they what they do or why they're around and did you know how many How many projects do you think there are out there? Put in the comments. I'm just gonna show you This is what coin get go has registered A coin get go says there are this many coins this many projects 12,000 292 now Of course, there's some overlap and things like that with projects. I understand but let's just say 10,000 There's 10,000 crypto products. Do we need all those? I don't think so I think most of those are just junk scam worthless. No utility projects, and I wish they'd go away Which I don't think would be that bad Thoughts on AI coins need all trash I think most of them are trash and There's a great video from coin sider C-o-i-n-s-i-d-e-r. Go check him out and he's legit Investor and he just did a video puts out he said look most of these AI coins are just scams Essentially and it was it was just like in the day of the dot-com era If you just put dot-com after your name or whatever your company is you made a bunch of money and the stock went up The same thing with AI coins What old bear our foods have gone crazy four hundred percent increase safety increase shootover 50% increase in nuts I wonder you know if you're in the EU if you're in Europe I would tend to believe that because you guys are getting crushed which there's a great website You guys have seen it's called true flation Probably before and it's a it's a free and just kind of what's great is that it uses chain link as an oracle And it pulls all this outside data to give us a real-world analysis of real-time Inflation percentages and it just just like back in the day When the government was like it's only inflation's like six or seven percent and a true place was like no I mean they're like 12 percent And now as we're taking a look at it. It's reporting. It's at 4.9 percent and that's in America. Let me see What is it in uk? Yeah, things a little bit opposite So I can understand where if you're in the uk Yeah, that's pretty bad and you can break it all down What used to be able to health household durable and daily housing transportation food and non-alcoholic beverages Well, it's a little bit better Anyhow interesting true flation tru flation. You can check that out Yeah, so thoughts on how vgx plays out finance or toilet I think that would have been better if they just would have got rid of that vgx token I know everybody was so hot on it. I'm like, oh, we got to keep it. We got to keep it I understand a lot of people put a lot of money into it. I did But I was like I'm willing to risk it and just get rid of it so we can get this trash behind us and move forward But I was outvoted so You know, whatever and now of course the government steps in It's a security And I know some people say well, but rob they think everything's a security. Look, it's a little bit different a security token that really has absolutely zero use because The actual company is dissolved The whole point of the vgx token was to give you some type of value For the platform that was voyager. It's the same thing with celsius The only reason for celsius token to do anything was to give you value On the celsius platform. Those are Destroyed they're gone. They're never coming back and thank god So I just don't understand like do we have to keep those so much? Can we just do it and just here's a dollar amount and move along But those really are worthless tokens Ah Rob I've been thinking my idea and d news. Thank you with your roy wallets. I buy from coinbase as a pain That's true Well, the ad is approved by coinbase and the received address for your right changes other options You can try a delight or just do what I I use this thing called deadless wallet Which everybody complains about because it takes so long but it's super stable And I can do a lot of things I can I mean you can do everything you can with your right But you're essentially a node operator So I use the deadless wallet It's gonna take a while to download but Ah, let's see Ah, thanks. Hey Aaron says I work for a web 3 startup. Sega reached out to us have a meeting didn't go anywhere but they're definitely looking around yeah, because look when everybody talks about how crypto is going to go to zero Digital assets are trash and it's not gonna do anything and you just look at the big companies that are are out there I mean for Pete sakes. I mean black rock. Larry fink the ceo talks about how the future is tokenization You know and then he gets uh, I mean, I think the gaming sector is going to be the next I think it's What NFTs were that's what the gaming sector will be because it has real world utility and the reason why I talk about that It and I'll talk about this in the deep dive and why that is but there's this thing called It's a mentality thing loot boxes tamagotchi and gambling essentially That's what I'll leave it up to that Rob, do you like cadena? It's an interesting project with great team not the shill I don't have any of it. So I don't really talk about it and I don't really know anything about it. So that's it sorry Meme says how much of inflation is this retailers taking advantage the public perception that everything is going to be more expensive Anyway, yeah, it's a good question. Talk to the the oil companies. It's you know, they have a profit margin Let's say your profit margin is 2% right, you know, okay. Well, I have my I have my revenue and I have my expenses and I'm gonna have a profit of 2% then all of a sudden they're like, oh inflation Now my profit is going to be 10% because the price goes up but hold on wait But did you did your expenses go up? Well, not much, but now we're making 10% same thing. Look at, uh, some of the biggest gainers As far as the oil industry the last year they crushed it so It's not because there was a ton of inflation just that they charge more Yeah So almost says hey rob the team of the elastic gold rush product seems mostly management positions And the software dev and motion devs don't have a very impressive linked ins. Hope I am wrong But it looks sloppy the game looks good and uh, as far as like the linked in and where they're from It's not so much about Because a lot of them are on this Crypto was it called Crypto society three of the of the members are from crypto society, but One's got a pretty extensive background as far as a game developer another one has a pretty extensive background As far as like management of companies Um Investment partners and things like that so It does look a little bit, but then the input that they have From the people at cryo war and again, I'll cover this all in the video Is uh, it's pretty impressive what they did. So This dump is lame. I need a real sell tell your friends appear or rob dump it All the people here are big bitcoin maximalists so Ugh sometimes it's annoying When the dollar's for me. I don't know. It'd be a good one 40 minutes A couple of minutes then we'll get out of here Yeah, randy says so people less than 5 000 on their account On celsius you're going to get their money back up to seven percent. There's a great video from um, erin benet A a r on b e. I think it's nnet Or two t's I forget, but he did a great video on uh, urn versus custody and how much you're going to get back And things like that me for example. I have over six figures. I just Don't really I mean I care trust me, but uh, I'm just kind of writing it all off And just waiting to see what happens So that's it. I will say this though Yeah, I said this in a tweet If nova wolf who is bidding for these assets if they allow retail clawbacks If they allow any retail clawbacks, I will make it my point On this show to talk about them every chance that can possibly get To dissuade people from using that new company because if they allow retail clawbacks That's a bad look for the for the entire industry. I'm just Just bad. I think we've got one more. Thank you, bicky erin benet youtube link Any thoughts about buying stock in coinbase? Well, it's probably a better time than when the I when the ipo came out But um, in all honesty I think coinbase is going to be this is probably the kiss of death I think coinbase will be around here for quite some time. I mean they've gotten all the way through I mean this brutal bear markets They didn't collapse like all the rest of the ones that said they were going to be here for us and And we're here to unbank you and and in reality. They were just you know, screwing us in the background. So I mean, they're still they're still they're staying the test of time. So it looks pretty good I'm just concerned about If you take a look at their their reports 48 to 49 of the revenue comes from prescription prescription subscription models Which was that coinbase one and the other one was roughly 20 from staking services. So if If the sec comes out and they crack down on crack in And what does that mean? What separates that from cracking down on coinbase? Even though they believe that it's a yield product for staking 20% revenue loss is quite big, but who knows that's why I You know put things on a ledger So that's it for today. So look if you like today's video give a thumbs up consider subscribing If you haven't talked about it's time sensitive all that good stuff and don't forget on sunday We'll do the dog walking follow me on twitter again. It's for shelter dogs And uh, that's it. So thanks so much for stopping by appreciate it. See you on the next one. Adios