 today. Let's see. Red Panda Pie. Rob, I think we would all like the recession to decrease Bitcoin's price, but also be careful with that. We wish because recession means less. Yeah. This is the thing, like it's an ugly, dirty world, right? Like, I think some of us were cheering for the unemployment rate to go up so that the Fed would stop raising rates. And that's a sucky thing. But in all honesty, if we don't go through, I if we don't go through a recession and the inflation doesn't go down, it's going to be higher for longer. So I don't know about you, but if you're in your 20s or 30s and you're trying to afford a house with the rates that they are today, good luck. It's not just the rates. The rates aren't what's crushing you. What's crushing you is the price of the houses. The house that I'm living in right now is about three and a half to four acts of what I paid for it back in 2005. And the rates for the mortgages were roughly about the same. And you can see that on Twitter when I showed it. That's not what's crushing people. What's crushing people is now you have the same rates as you had roughly 20 years ago, but the price is three, four X. And that's just here in Texas. I'm not going to talk to you about Austin, New York and Los Angeles, Florida, different parts of that. It's ridiculous. So I know we talk about these things like, oh, this is bad, but I mean the big picture, some of these things have to happen. And it sucks if it's awful, but that's how it goes. All right. Schleinman says, where are you on your dynamic DC? 100%, same percent, 20%. So that's, so here, if we take a look at, let's come over here. So first of all, if you want to know what Schleinman is talking about, there's a link in the description. Dan teaches crypto 100% free website. And for that, it shows you all about dynamic DCing. On the site here, let's just do a little, I'll show you. So what dynamic DCing is, is essentially it's taking the risk factors or the time in risk bands. And as you, let's just show you, why do I do this? Why do I make things so difficult for you? I should make this simple. I was getting confused. Okay. So Bitcoin, as you may see, is that the time in risk bands, actually I make this even simpler. No, I can't actually. So the time in risk bands, so Bitcoin right now, it's current Bitcoin is growing to 0.4 to 0.5 risk band level. What's that? That's right here. So what I do is I say, if I'm going to spend $10 a week, right? As it goes this way, I may decrease a little bit of what I'm dollar cross averaging as far as dynamic. But if I'm going to decrease as things heat up, you better believe I'm going to increase as things get less risky. This is less risk because the price is going down. This is risk, risk, risk, less risk as the price go down. And over here is when we bottomed out. And in the history of Bitcoin, that's only 134 days. So at this time, historically speaking, and of course, yes, it is conceivable that Bitcoin could go to 0. I personally think it's ridiculous, but whatever. If you have this, and you're at this point where in these 134 days over the last 12 years or so, 13 years, if it goes in this one, probably want to back up the truck and really start buying like crazy, right? This is dynamic DCing. For me, I just decrease, I don't think I even decrease much here at all. But here I decrease what I'm getting into. And then these last four is when I start to take some profits potentially and start to actually not buy at all. Down here, what's the point? If you're in 0.9 to 1.0, why would you keep buying Bitcoin? That's the all time highs. And over here, come on. This is the problem. This is when your friends call you 0.7 to 0.8. This is when they come to your house. And this is when they demand that you tell them everything. But over here, you're an idiot for buying because who would buy a depreciating asset? Only the smart ones, my friends. Only the smart ones. And of course, what's great about Ben's site is, and this is what I need to do is I need to do a restream of this video. It's when I'm going to sell 80% of my crypto and I talk about these indicators, one of these is time and risk bands, and I take a look at this type of stuff and then also like Ethereum and the other ones over here, which I can't show you all the goodies because then Ben gets ticked off because I'm showing you guys everything. I can't keep doing that. All right. I'll answer your question. Don't make it too similar to that. Crypto, Ben is too dependent on past cycles. I am kind of too. I'll be honest with you. I get a little biased. And you know, that's the thing. I looked at September and I was like, well, September is a pretty crappy month. Probably going to be crappy again. Nope, wasn't at all. So then you start to think about, well, you know, like the last cycle, we didn't have some all-time lows. There was only two for all the all-time lows before the Bitcoin halving in 2020. And there was no all-time lows after that for the top 53. That changed. All I can tell you is this. I know bear markets don't last forever and neither do bull markets. So you plan accordingly and take action. When things are super bearish, you might want to consider buying. When things are super, super bullish, you might want to consider selling. That's the best I can do. Maryland guy says it very perfectly. Houses have gone on three to four X, but my wages have not increased three to four X. That's for sure. That's for darn sure. That's a good question. Gary says, hey, Rob, if a spot Bitcoin TV has approved, do you believe it could alter the timing? Play the peak length of cycle and find the magnitude of the next cycle. We'll see what happens in March of 2024 when everybody besides myself thinks that it's going to be approved. Hope it is. I'd rather be wrong and rich than right and poor. But I don't know if it could sustain. I mean, it worked pretty well for gold, right? Although gold is also manipulated in the markets and we've seen that. So it just depends on the timing. If it's March of 2024, what happens the month afterwards or month or two or whatever it is, Bitcoin having, what's happened usually a year after that. Usually it's all time highs and then things get super crazy overheated and somebody says, I'm going to short the living tar of this because this is not sustainable and off it goes. So I don't think it is. Also, I would like you guys to do me a favor if you would be so kind. There is. Hey, there I am. It's a video that guy just put out. It's called Crypto Markets Are Manipulated. Here's what you need to know. Watch that video and tell me if you would be afraid that Gary Gensler would watch that and say, you know what? That's what I've been saying the whole time. And think about that for approving of the Bitcoin ETF, just saying. Hello, Tess. Hello, Tesla. Hello, everybody. Sorry, I forget to, I forget my manner sometimes. Big dumb coming could be. Rob, do you hold damp? I hold damp. I just don't hold a lot of it. There's some things that I hold a lot of different cryptos that I just don't actively dollar cost average anymore. That's just how it goes. What project is your most bullish on that you DCA in? Oh, the safest one is Bitcoin, obviously, right? And that's 75% of my portfolio with theorem is 10% of my portfolio. So you're up to 85% of my math is correct. And after that, I don't know. Polygon is doing some great things. Google Cloud just became an active validator. Not that they're storing things on it. Google Cloud is an actual validator, but I find it odd. I'll show you something. That's not it. I find it very odd. Is that stash? Man, that guy's killing that beer. Sick invite. Thanks. Now that's my guy right there. All right. Profile. Where did it go? Ah, right here. So this was an announcement by Polygon. Google Cloud is their validator. I find it very odd though. And here else, this is the list of all the validators. And this is the specific validator. I'm going to post this in the comment section for the live stream. If you're watching the replay, you can find it here or just follow me on Twitter and you can see it. I find I'm like, so Google Cloud is now a validator on Polygon and they stake 10,101 thousand bucks. Well, that's the validator stake. And then somebody else staked with them 25,000. So they're up to a whopping $14,000 or 25,000. I'm like, that's all they could get, but I guess whatever. And then of course, Ben has to chime in. They probably think it will bleed against Bitcoin right now, which was actually pretty fine. Ah, good stuff. Good stuff. Crypto. So to answer your question, sorry. I still believe in arbitrum. I still believe in Polygon. I think that everything that I'm investing into, of course, I think they're going to do well. Probably won't. If I get 30% that do really well, I'm super happy. 70% die off. I don't care because I'm not here to get everything right. But watch that 80, 20, that 80, 20 rule video and you'll see that it's kind of hard to not screw up if you just do the right things, which is just stick around. That's pretty much what it is. And crypto attache says, and he's right. He or she is right. At the end of the day, also make you rich, not Bitcoin, unless you have a million plus in Bitcoin. And that's true because for the last cycle, it wasn't Bitcoin that did all my gains. You know what it was? Theta, Cardano. That was the big ones, actually. Oh, Ethereum did pretty well because I was buying Ethereum like it 90 bucks, 100 bucks, craze like that. Great question. So we should sell our crypto to our friends at the top. This is the thing that you're going to hear about. You got a diamond hand. You got to hold on forever because, you know, when you sell, you're selling to some, some little grandma who's sitting around in Ohio, who only has 40 bucks to spend and she wants to buy your Bitcoin. And you're going to dump on her. You're a piece of trash. Here's the thing. Right now, how many of your friends and family are saying, you know, you're a genius for investing in the crypto? Not many, right? Wait till Thanksgiving when you're sitting around that table and they're making fun of you. On top of that, maybe your coworkers are saying the same thing. And then also, just because you think that there's just some little lady who's buying crypto in some, some little state or county, you know, there's other people that buy, you know, your crypto or altcoins or Bitcoin, and maybe those people are maybe big institutions or maybe they're multi-millionaires. Maybe there's somebody else. I don't know. But I will tell you this, you get the price you deserve for the crypto that you're buying into. Don't give me this song and dance about, oh, you're dumping on people. How dare you? That's the game. That's how it works. I don't mean to be a jerk, but I'm like, so all the hard work that we do right here, as we invest into it and get ridiculed and take a look at our portfolios and it's going down, and now all of a sudden we shouldn't say anything or we shouldn't, we should just let everybody else gain. You get the price you deserve at the time that you actually buy and that's all I'll say. Ben, good's angry if you're helping us. No profit if you show us, trust me. Ben Sight's doing just fine. And it's a great site. I mean, I use it. What I like to use about Ben Sight is when I hear about the macro discussions about what's going on and the wages are decreasing and the housing prices are going down. And of course, core inflation and everything else, I can just go to Ben's website. I can pull all the data, which he pulls from the Fed or from the Federal Reserve and post different places, like Redfin and all the different things for real estate. And I can just look at it and go, okay, they're right. Or I can say, oh, they're full of it. That's why I like it. Then I get to show you guys. That's it. Hey, golfer, you're not late. Polkadot versus Cosmos, which one do you prefer? I like Cosmos. Polkadot, it's hard to say because, you know, Polkadots, it's very fast. People seem to believe in it. But the question I have is, maybe if people can ask this, who's building on it and how how many people are actually using it right now? That's the big thing, which would be a great question for this. I'm telling us about this many a time. I think we take a look too much at the price action. Maybe we should take a look at stuff like this, which is this is L2B. You can take a look at total volume locked up for the L2s, you know, that optimistic roll up or ZK roll up, and we can see that, hey, arbitration just a week ago had $5 billion. Now it's got $6 billion. Something to take a look at, right? A lot of things locked up. Optimism, $2.71. Base, we used to be $500 million. Now it's 434. It's down almost 19%. These are the things we take a look at. So take a look at stuff like that. How about, and we've talked about DAP radar before, who's using what and what chain is it? So like these are the top apps we use. Kai Cheng, we talked about that. That's on near protocol. Farmers World Wax, Alien Worlds, hooked on about that. Pancake Swap, okay. Sweat Economy, number 11. Again, these are the things that we should take a look at. Pancake Swap V2, Splinter Lens, Atomic Assets, Tiny Tap, Uniswap V3. Let's take a look at chains. I don't think I've ever used this one. Ah, perfect. BNB chain has four, almost 5000 DAPs. Holy smokes. Again, DAPradar.com. Ethereum has 4300 DAPs. But look at the TBL for the D5 for Ethereum, 40 billion. Polygon, 628. DAPs, 1800. Tron, which everyone makes fun of. Still doing hot, 1300. Eos, I still make fun of that. 580. Look at Avalanche, 503. Phantom, Arbitrum, Wax, Chronos, Solana, Optimism. Where the heck is the other stuff? What was the question? Cosmos and Polkadot, right? Something to be considering. Anyhow, that's good. Look at all my soapbox. Rob, do you have residential rental properties? Yes, if so, did you recommend it? No, not right now. The prices are way, way, way too high. Unless you're buying up straight cash, I think the rates are kind of high. But even if you, they're not really that high, honestly. 6%, 7%, somewhere around there. Even if the rates are high right now, I've had friends, because I'm old. I've had some friends who were buying homes in the 70s and the rates were like 14%, 15%. And all they had to do was just refinance 10 years later. They did pretty well. So I don't think it's not the rates right now that is crushing. It's the price of the properties that is really crushing right now. Look for foreclosures. Those, I mean, again, people say, how dare you? How dare you take advantage of people in their most dire hour? I get it. But it's a good place to look at, just saying. Ah, Aristotle or Plato. When we are in the bull market, Rob, will you still stream on other matters? It will be sad not to keep in touch with your channels. You have a great stream and great fam. The idea here is that once we start to get overheated, I will stop streaming because if I don't, because when I get to this point, and there's a video, the 80% rule of when I'm selling on my crypto, there's going to come to a point where if I don't sell, I don't tell people. It's like it doesn't get in their head like maybe I should sell. And again, you can do whatever you want to. But if I keep streaming, then sometimes I get caught up in the hype, which is what happened in 2021. So what I'll do is I'll stream and sell a point to where we hit this point, this where I think is a good time to sell, a good chunk. And I'm going to get out. What I will do, though, is I will still, some of the videos that I do, like the ones where I say don't fall into these pitfalls, things to watch out for, why I sold this point, I will still put those on, but they'll be like repeats. So people who are in are just coming in, hopefully they catch it before they're like, I'm going to yolo into, you know, bit connect at the high. I'm at, what's the best cold wallet? I'm holding you're talking about cold wallet. I got two. There's ledger and there's tangent, which I really like. Tangent, one of the biggest knocks on tangent. Again, there's a link in the description where I do a deep dive into why I like tangent so much. One of the big knocks on there is that you can't extract the mnemonic phrase from here. It's just the cards, which I personally think is what's going to lead us into mass adoption later on for the normies that come in. But good news, I think in a week or two weeks, they're rolling out the new tangent card, which you can still use your old tangent card, doesn't matter. With a new tangent card, you'll be able to create your own mnemonic phrase and write it down, just like you have with ledger, and you can back everything up. And they did that for people like us who really wanted that option. So to me, I think this is my better option. But watch the deep dive video. Maybe it's not for you. But those are the two. I also use LD Pal just for some small stuff. But just like I diversify, I also diversify in my cold storage devices. Yeah, Daniel says it's funny how I've always cheered for the price to go up in these past months. I keep waiting for a dip. You'll never really think to yourself, you've accumulated enough. And that's a hindrance. I think we really should at some point think to ourselves, okay, this is plenty. Also, what I'd like you guys to do, if at some point you're not too busy, is take a look at, do this, take your portfolio, whatever it is, whatever you have, this is my example. Write down, of course, and whatever if you have, if you have numbers, jot down all the cryptos that you have. And I want you to physically put it down here. Say you're holdings, whatever it is. This is just an example. Putting the price that it is today, the value it is today, and I want you to put over here the all time high. Because what this does is it allows you to go, oh, okay, well, so my Bitcoins, my 1.25 Bitcoins were 33,000 days, but all time high, which I think it could hit at some point, 69,000, 67, whatever it was, that's worth it, it's 6,000. And Ethereum, if I had 10 of those, only we're 16,000 now, but it's worth 48,000 for my all time high. It just kind of gives you that ability to see like what could be, instead of looking at like what we just looked at. Which was our DCA strategy, and see how much we're down. It just kind of helps shake off the rust and for you to actually feel a little bit like, oh, I can do this. All right, Rob, I remember you posted a question right on 1 to 10, the importance of an improved spot ETF. That's, no, you didn't butcher, that's correct. That's exactly what I said. And let's see. So I asked this on Twitter, let me see if I can find it. My thoughts are this, I know everybody says it's going to be awesome, and it probably will be. I put it at like a seven, honestly, because I know some people say, ah, it's not going to do much, it's not going to move the needle. But for these bigger institutions that they just want someone to custody it and say it's okay and hold their hand and all this stuff. I gotta tell you, TreadFy is not, and I get why. TreadFy is not a bunch of risk takers, you know, they've already, if you have a ton of money, it's not about how much you make, it's how much you keep. And it's never been more true than people who are multi, multi, multi millionaires and billionaires. I remember Mark Cuban, they asked him, what would you invest in if you can invest in anything? He's like bonds. Like why is that boring? This was when bonds weren't 5%. This was when bonds were like 1% or 2%. He's like, there's no risk to it. He goes, what are you stupid? I would just do that. And they're like, you wouldn't get into like stocks or anything like that? I might, but I mean, come on, 2% for, you know, $100 million. It's not bad. And that's, I think, a mentality. So here's what, oh, this wasn't it. I said, this is another one I said, I'm going to create a Ponzi crypto called Ponzicoin. And I said, how many crypto DJs would buy into it? Even if I said it had zero value and I'd rug everyone that bought it. And I thought a lot of people would say that's ridiculous, but almost 50% said the market will be $10 million. That's sad. Oh, that's not good. And that's, that's the market we're in, right? You just got to be a little, a little bit more stoic and disciplined than the person across from you, and you're pretty good. Ah, where'd I put it? Man, I got to stop tweeting so much. Surgeon Nazaroff, Brad Garlinghouse, Meld, XRP Army representing here in New York City, very nice. And I can't find it. But the majority, I think the majority was that it was like six or seven as well. So sure enough. Yes, exactly. Guy, Guy the actor for Coin Bureau. No, thank you. Look, just like, you know, I'm not a financial guru, obviously, right? Before this, it was Army and I was a medic. And then I got into real estate and things like that. So it's not like I come from a traditional finance background as well. Guy was an actor. And when I met Guy the first time two years ago at the Coin Bureau event, we're sitting down, he's been investing in crypto longer than I have. And he knew a heck of a lot more than I did. And that's why he's on NFA Live. Now, he likes to give, you know, the very robust answers. And that's fine. But trust me, Guy knows a heck of a lot. And especially with all the things that he's, I mean, it's like, it's like everything that, you know, that is out there. The more that you do it, the more that you actually absorb it. So how many videos has Guy done all these things? Tony. Guy knows a lot. Noel. Hey, Rob, the one that scares me is that big institutions have a lot to lose. And they want to screw up crypto in a way. What do you think? I think that's why they're waiting for this spot ETF, you know, they want to get into it. I think the more gambler risk people are out there, they're doing the futures ETF. And that's why you see a bunch of people shorting it and whatever they do with it. So as far as like a lot to lose, that's just it. I think it's all about, you have to understand, like, somebody did a numbers analysis out of all the different ETF participants who are trying. So don't I make sense if I show you ETF? So out of all these people that are buying for this ETF, if you put them all together, they said it was like next to $20 trillion of assets under management. I want to say $17.2 trillion somewhere around there. So they said, you know, if you only had like, I mean, just a fraction of that, that would really move with the price of Bitcoin. You have to understand, just like Noel says, these people do have a lot to lose. Do you think they're going to put all their customers funds into Bitcoin spot ETF? No, this is just a part of a portfolio moving forward. And they're right to do it. That's for sure. Because let me show you this. Let me pull this up one second. This one, anybody should be able to see that now. So if you're a hedge fund, or if you're an institution, or you're even Wall Street, it doesn't matter. And you're taking a look at like, what's the best performing asset? And this is, it's a funny thing because in 2017, it was the same thing back then. You know, Bitcoin in 2017, when I got in, the asset, it's almost 1400% increase year-over-year. NASDAQ did great, 32, 30%. Everything's green. But why would you do 30% if you get into that? Well, it's risky, Rob. True. 2018 proved everybody right. Negative 73%. Now, how much you make is how much you keep. And everybody seems to get on board with these timeframes. Having, all-time high, 2014 dip, and a reset. 2016, having, 2017, all-time high, 2018, dip, 2019 reset. 2020, having, 2021, all-time high, 2022, dip, 2023 reset. And you can just take a look at it across the board. I think as time has gone on, and you take a look at between just the accumulation, I think the people are finally getting it like, you know what, if you annualize that, Bitcoin beats everything. And I think that's what they're going to get into. If they just look at the numbers and go, well, okay, makes sense. It's only been around for more than a decade. Maybe we should do this. Michelle, you know, there's a dark theme on X, yes, but I have poor vision, so I need all the light I can get. Dumping on grandma. Yeah. Well, if she's going to make fun of me, then I will dump on her. Ah, just kidding. Or am I? Rob, I got the digital asset news, Degen. News handle, but not to use and protect both hands is that weird. No, go right ahead. I appreciate you. Brian says, Rob, we keep us posted on the wristbands. We progress through them? No. I can show you here and there things, but remember the wristbands are for all types of crypto that's out there. It's not just Bitcoin. I mean, it's Ethereum and Chainlink and Cardona or everything else. That's the big thing. I'll do my best to show it from here to there, but I can't show you all, I can't show you all things. Yeah, my dad thinks I'm crazy buying now. And I know. And you know what, guys, they might be proven right. I mean, who knows, maybe we have this, this crazy depression come in, not a soft landing, not a hard landing, but like a legit depression. And globally, everything collapses, especially with the real estate market that's going on in China and Evergrande and everything that's going on in those areas of the globe. So who knows, we could be in for some real pain for quite some time, but maybe we're not. And it's something you have to have to consider. That's why like, sometimes I look at them like, what are the chances? What are the chances that things are going on? Time will tell. And that's why like, again, the rules, their number one rule, you can't invest more than you can afford to lose, because you don't do stupid things when you do that. Let's see. Cosmos is going down by the charts. Robert Basz is a layer two like polygon. Why is there no, why is there no token? It's because Coinbase, you correct me in the comments, I'm not a very technical person, but Coinbase is allowing companies, institutions to come in and use their layer two solution and they pay Coinbase directly. So we don't get, it doesn't come to us and they don't like crowdfund essentially. At some point, they were talking about that, that may be a token, but just not right now. So all the fun, all the revenue comes from them, but 100% of the risk goes on with them. So sure, this guy's plus, but you understand, like, it's not like this is an overnight thing. We've had this house since, like I said, 2005. We're looking at almost 2005, 2004, almost 20 years. And this wasn't here when I first got it. This is over time. This is me just working, working, working, my wife working, working, working and playing this thing. And before it was, you know, it's funny, this pool, well, this green screen behind me, if this was real, this, a pool, the pool, it was made, it was excavated and the concrete was put in and it was, didn't just left to not do anything. And the person that did it took all our money. We had to sue the person to get the money back. And I never understood why like, if you had the ability to create something and do something and have a business, why would you screw people over? Just do the right thing at the right time with the right materials. And you'll have a thriving business because I would love to give you a ringing endorsement. I never understood why people do that, even though it's easy money. Why? So anyhow, a way to get somebody else to finish it. What crypto you see taking off the next bull run, Bitcoin? Why? Because everybody wants to use it. Everybody thinks it's a, not that it's the, it's the white paper definition by Satoshi where it's peer-to-peer transactions. No, no, no, no. That's not it. Now it is a hedge against inflation. Now it is a store of value. Now it is digital gold, whatever you want it to be. So yeah, my dog barks from Rob's over. Oh, Bickey's here. It must be almost a bull run coming. Rob's asked what it will be, sell, sell, sell. Actually, it'll be, you know what it would be? It would be me and Jim Kramer doing, doing it. And he would just say sell, sell, sell. God, wouldn't that be awful? Yeah, golfer says everything, everybody was calling for 150K to 300K last cycle. I was one of those. I hedged down to 100K, but I still wasn't right. And that's just it. So if you're going to dollar cost average in and ladder in, you should think about laddering out. So everybody again, where'd it go? Again, don't forget the sweat coin, 100,000. Hey, Todd. 100,000 sweat up for grabs, 20 people, 5,000, which is roughly 50 bucks right now. But what if sweat coin goes to 10 bucks? It's like 500 bucks in your pocket. And I will do the giveaway on October 14th. Links in the description for the tweet, follow news asset, follow sweat economy, fill out this form, go from there. That's it. So everybody, I got to get out of here, Sunday football time. Thank you shrooms. But let's be honest, it's football time. That's it. So thanks everybody. Appreciate you. And I'll see you on the next one. Have a good day. Bye. Adios. Interesting. I don't know, is that going to stop?