 Now let's get into my favorite part, which is the Q&A. So let's jump into it. Shall we? All right Yes, my green screen is broke. There's no water in this Dynamic pool background that I have. There's a leak in my green screen So yeah, hey Bill Bones diesel cane Matisse tough times park Pack four. It's funny with all the crypto buys out there Thank you for like I'm covering what you own and owning up to when making a mistake on a coin the V Shopping coin for example. Trust me. I made a ton of mistakes I make tons of mistakes and that's just how it is. No one's gonna be perfect the ones that's Just sweep around the rug You gotta own it man, you know like when I was in the military you just when you made a mistake you're like I Messed that up. I'll make sure I do that again Make sure I'll do it better because you didn't correct your mistakes and people died It's very simple That was it Oh, this is a great question Do you drink beer from time to time and what do you like we have some amazing beers in Belgium? Gonna hit the bar later on to celebrate the VMT pump. First of all, this is gonna make you you very despondent on my What I'm gonna tell you right now. I'm not a big connoisseur of beer I'd like to drink beer, but I drink really crappy beers and those beers would be Miller Lights and Coors and here in Puerto Rico, Medalla, so I am not very cultured But I will drink any beer that is cold and that's pretty much about it Mullets here You know what that we should really have an indicator called the mullet indicator When we're starting to reverse things and we're getting more into a bullish territory Then mullet starts to make an appearance when mullet goes away, then we're in the bear market. So good news everybody We should be hitting all-time highs very soon Oh crap James live at the same time is right. What do I do? This decision is for it. It's not important Just see what he's got to say. I'm done. This is just Q&A. I probably just go jump over there See what he's got going on See a meme is here fidelity is also any ability to buy crypto, but I couldn't be able to donate territories Puerto Rico not surprising Piper's here. What's up, man? Tesla's here Brandon's here. I'm telling you man. That's the thing. It's I think this is what I truly believe I think people make investing a little bit more complex and what it has to be and that Leads you to like kind of depend on them But like all the things that I talk about you can look this stuff up. You can find this on the news You can really just go about just you know, once you get the basics down, you know hold for a while it's not a it's not a loss unless you sell and Wait for the time to actually Sell your crypto with your assets or your real estate property as it appreciates Instead of taking it for a loss. That's pretty much the big stuff other than that just pick the right Project and if you don't know what the right project is Which is smart of you to think that way then just diversify. I think that's that that's a bigger option I know some people will say the Rob. You don't understand this guru told me that To make exponential wealth. I have to concentrate My investments into one investment and that's true But that's coming from the mouth of a winner who at one point one For his investment meaning they put into some investment. It paid off massively and they're like I did it I just concentrated my wealth into one Project and that was it. Let me tell you something a lot of people told me the same thing about Luna where they at now so When I take a look at that and then I always talk about my two favorites a dash of salt You're not making much on those Even though they sounded fantastic in the good old days and beardy wool test this EOS was supposed to be the next ETH killer So if you concentrate in that, where would you be? So I think I mean not to diversify too much But it's all up to you about what you want to do. I still diversify and I'm pretty much across different asset classes It's it's real estate and land and even some stocks crypto my businesses and You know staking and crypto so I Try to diversify as much as I can and try to pick the right ones, but I'll never I'll never get it right ever ever It's a good question. There's no time to go up or down. It's I'm 50% sure we're gonna go up. I'm also 50% sure we're gonna go down I love the weekend so I can watch live streams During the week out of hiding my desk so my boss can't see me working not working because I have far more important streams to watch Well priorities. Let's say hey, J. H. I'm welcome as a financial advisor. I'll be just advice. It's not even It's not even Advice to you. It's just what I'm doing. That's about it Yeah, that's right. Hotski thinking me like you're despondent uncle Golfers here It's all good. Let's see That's good Always funny always funny my The people who watch me I have to appreciate your humor and all their vigilance. He never heard of them How do you feel about hex or pulsing I just never got into it and like some people say well, you know We're sure it's a scammer and da-da-da and I'm like well in all honesty Hearts been around a lot longer than some of the some of the fly-by-nights Exchanges that have come and gone so far and a lot of different products that are out there So I'm not gonna get into hex or pulsed chain. I know there's an issue right now with them He remember able to roll it out But I mean good luck for it. I'm just if I miss it. I miss it. I'm just not gonna invest in either of those two Just didn't get it to it Trust me. I'm gonna I'm gonna pass on a lot more than I'm gonna take up Yeah. Oh Thanks, the non-financial vice show. That's a fun show It's it's good See there you go. There's always somebody who's who's a Beers they're gonna beer shame me. I just made that up Mmm When your people are rich enough to rock molds, you know, it's bullish. I was thinking about this today so I'm at the beach today in Puerto Rico because it's nice here all the time. It's beautiful and I'm waiting for the people to show up for for volleyball and I'm just sitting there. I'm watching all these people Now thinking to myself, you know, you know, it'd be nicer Like I mean, the guys and the gals that come down are great But I was like, you know, be nicer is the people that are in my community to be able to sit here on the beach with me And we could talk crypto and those types of things. So like I Need you guys to at some point You know, get out of this rat race. It's it's a heck of a lot easier To be in this situation and it is just to be constantly grinding and grinding grinding because probably you had a job You don't really like too much just guessing I used to be one of those people too But you know over time, you know, at some point you need to say, okay I need to work for myself. So you work for yourself, right? And you get into business start doing investments things hard to work out. It's good Then you start to find more challenges. But the whole thing is to get you off that That's uh That treadmill just never stopping be nicer if I could have more people down here That to talk crypto and things like that then everybody just kind of stuck Doing these things and you know, like the person that just talked about before just catching random live streams hiding from his boss Yeah Yeah That bottom is in see Well, Charlie said it Charlie blasts. That's a good name I'm pretty still counting his eos. I tell you not count his steps. You guys getting crushed on on sweat coin, huh? Any thoughts on our weave I It's a decentralized storage, correct, I think You know, it worked out pretty well for Apple worked out pretty well for Amazon web service AWS so sure why not why couldn't it take over especially if it's a Inexpensive and faster the thing is is it faster and is it a better product than what we have right now? I'd be a little bit safer. Just just to question them Do you hold? Oh, I do hold avalanche matter of facts Oh, I was a lot of stuff a lot of stuff I should have sold all the way but I never sell everything all the way because I just think like even in my old strategy Even the new one I'm not gonna sell every crypto It's out there because you have to take to account that there's gonna be a time when it gets blast off So why won't I hold on to it's like even if I sell? 80% of my Bitcoin and 90% of my Ethereum I always want to hold on to a little bit a little bit because I Know I'm not gonna time the top right so let's say This is not a price prediction Well, let's just say that Bitcoin goes to Let's say 250,000 like Tim Draper is touting which I think is ridiculous Tim Draper thinks it's gonna go to 20 250,000 by the end of this year Okay, sure, so let's just say it was a 250,000 in the next bull run which could be 2025-26-27-28. I have no idea. So let's say that I go. Okay. It's gonna 250. So I look at The basics right I look at PyCycleTop Nupl time and risk Mvrvz to your ma pull reserve risk. I look at all these things and I go, okay, okay 250 You know somewhere around there. That's what it is and I and I'm gonna sell Not all at once, but let's just say I sell 80% of my Bitcoin right If it go if it keeps going up And let's just say something crazy happens. Let's just say that BlackRock comes out and goes and says, you know what? We're gonna buy We're gonna invest heavily into it because we think Bitcoin is the future and then a couple more countries come out and say we made it legal tender and then Who knows maybe America comes somebody comes out and says we're gonna make it, uh, you know The world reserve currency Then of course 250,000 seems poultry. It seems ridiculous. Now all of a sudden it goes to 350 400,000 per bitcoin A half a million per bitcoin. Who knows something crazy happens. Well, good news I didn't sell all of it. I sold 80% Because if we're still looking at those cycles, that's probably where we're gonna go Rob is the only youtuber I can listen to at a regular valent without putting my airpods in when my husband's around. Yeah, I'm not a I'm not a big screamer I mean, I'm old. I've only got so much breath left in me. Yeah That'd be not a bad idea Ah, Piper Matic Yeah, so that's one of my dollar-cost averages. I'm still micro DCing Like that's that's one thing like like me been in I think I We all uh disagree on one thing which is Actually, you know what Guess what? It's a great question. I'm gonna have those guys on So for NFA not financial vice is gonna be on my channel this thursday So it's me benefit of the cryptiverse and guy from coin bureau. So I'll ask both those guys What are you buying if anything and are you dollar-cost averaging or did you go on go and heavy Because they already know what I'm doing which is I am buying bitcoin every day And I'm buying altcoins every week and or once a month just depends on on the project And I'm doing what's called micro DCing. So instead of me paying like Buying like a thousand bucks worth of bitcoin every day. I just buy like 40 bucks It's micro micro stuff You never know So I'll ask them that question. That'll be a good one What's your opinion on it currently do you think avalanche is going anywhere? I'm upset because avax and h-bar are the only two coins. I can't put on my ledger Thanks. Do you want everything off exchanges? You know, you can still take avalanche off Yeah, you can still think there's this website The anti-discrypto and uh, let me make sure I did this one Hold on Let's go to the home page Let's go to how do I how do I stay cryptos? It's a great question And I should probably show you the screen. Okay So sorry, I'm in module five. How do I? So I show you how to stake theta State cardano, here it is. Yeah, how do I stake avalanche? And you're going to put it on your own wallet and I'm going to show you how to do it So you can take it off exchanges and then of course, we've also got a couple different ones also How do I stake on stake polka dot and how do I stake on stake adam cosmos for passive income? That's it so again The anti-discrypto free don't even spam you I only send out emails Ah When I'm when I update the the videos on there Just on mars. This is black rocks and by olive bitcoin. Hey, they might These these are the things you just never know. So that's why I keep dollar cost out of you because I'm always like Either there's something bad. It's about to happen Something phenomenal is gonna about to happen. So something great happens, right? Where the heck that is, you know ceasefire in in in Ukraine, uh, uk gets their inflation under control Uh inflation here in the united states is is tempered and the fed reserve realizes it It starts to cut rates and quantitative easing all that stuff something good happens, right? Then I'm like, well worked out pretty well. Then if something bad happens Which is kind of why I think we're going the recession time more unemployment something around the corner. I think not for sure then I'm like, well I'm in micro dca. Now it's time to go dynamic dca, which is You know bitcoin's at almost 17 000. So once it hits 15 000, I increased by 10 percent. It's now instead of 40 bucks I put in 44 dollars a day And then it goes to 14 000. I had another 10 percent or maybe five percent Just depends and then 13 12 11 10 I still think we're going to go somewhere around between 10 and 12 before everything said and done and That's what I'll do so And yes cobra Is a very cool logo. I gotta tell you it's the uh that might be gi jo cobra and I want to say the decepticons Bitcoin having not too far away true. I think we're looking at Is it's august 2024? Or march 2024, I think it's one it is roughly it just it's all by blocks. It's not about dates. Oh jeng chao Cho is here Did you see the news on sec blocking binance acquiring voyager? I did History repeats itself the fed will drop the rates just as fast as they raised them See maybe money print will go burr 24. That's my opinion I like it. I hope you're right I like it a lot Yeah, unfortunately Molot bringing in Unfortunately the reality I need to say it So let me pull something up here macro other Uh employment I'm just gonna steal from ben's Website one more time. Sorry ben. I'm sure you'll be okay If you want to sign up for ben's website there's a link in the description. It's not an affiliate link he's just put it in there because I Steal all the time from it. So I thought that'd be generous enough. This is let's see the unemployment rate sweet marion joseph Oh, this is 2020. Okay, that makes more sense. I was like, what the heck happened here Yeah, so here's the unemployment rate Now we want it to go up. I mean for the For investors in the economy, it's Unfortunately, good when it goes up, but it's bad because people lose their jobs. Obviously, right unemployment rate 3.7 in october november 3.6 and unfortunately December 3.5. So it's going the exact opposite way. We thought it would go Yikes Yeah Ah Cobra minds. It's interesting so I was talking to one of these crypto og's here in portorico a couple days ago They are into some type of um, and I'll Once they give me the go ahead. I'll tell you exactly what it is, but it's using your your excess computational power of your computer to mine bitcoin I don't know Sounds interesting, but I think they've already done stuff like that. It never really worked Yeah Yeah guys talking about the year of the cbdc. I watched part of the video and cut it off, but It seemed like the cbdc's doesn't seem like to you like it's always just around the corner Like it's almost here. It's almost here. It's like it's almost always here and then You know, it's just like ai like how many times we hear about ai was going to change everything We're like, yeah, whatever and then chat gpt comes along and then everything just blows up um Resits There's one called crayon Midsummer, I mean these ai generated places and it's going to change everything speaking of which I think this is the time to invest because I was talking to uh, Michael he's the head Ah the head guy for uh ladies nft and we were talking about things and he said that some He had to generate a get code for his smart contract And he's got a team that he does it for that they that it works them And he said he said just for fun z's he goes. I dropped into chat gpt asked it to give me the correct Uh coding for whatever smart contract he's working on It spit it out within three minutes. He sent it over to his developers to double check it They said this looks good. Who did this and he said chat gpt and they said well, there goes our job in two years So again when we're taking a look at these things about ai it's going to disrupt everything everything everything What he says your micro dca is my max dca. Everybody's on levels, man H bars is no wallets to every I think almost all the products have their own projects You know, it's got a nice nice real smooth interface project. Uh wallet is uh near near protocol has it. I've been using that to You're able to put just like on, um, uh cosmos or adam No, no, no, that's not it avalanche well Near you're able to use your your your ledger your nano ledger to hold your your your keys As a third party custodian and then it's it's pretty neat because you can just when you access things you have to have your ledger connected So that's what I like to do for most of them Yes, yeah, I mean that's it you can use you can put avalanche in the ledger wall very true Cowboys or worse bills are pretty nice. Hope they win Cowboys, I like when the cowboys win because everybody's in a good mood in texas but Wait, no, they won't all right Yeah, ben talks about de-sing everyone below some sort of uh moving average and yeah, that's It makes a lot of sense what he's There's um, it's on his website Can't show it to you. Sorry Hey jeff Ah florida Jeff is hey, you made it. That's all it counts Oddly the market's got pumpy despite the lower unemployment rate Yeah, it's weird total ops of the projected norm in the price action versus data. I think people are tired of just sitting on cash It'll be true It'll be very true There's a project I can't even talk about that yet It's about uh tokenization of securities, but it's in it's in switzerland I'll talk about it when I can This is a good question from rob. What do you think of the logan paul coffee zilla drama? I think it's I think it's fantastic like a coffee zilla Does I'm just like man You never Like you try to keep on the straight and narrow So just make sure you're never on that guy's show So, uh, of course logan paul was caught By coffee zilla some nft zoo something or other. I don't know and uh, he pretty much Ripped off a bunch of people. That's really what it comes down to and then He coffee zilla did such a good job of exposing it That's logan paul wasn't able to make a solid rebuttal Video which he did and then he took it down and then he called coffee zilla and said i'm sorry And then he's he reached out to his community and said i messed up. I'm gonna make things right That's accountability. I mean, but here's a here's the here's the thing logan paul would never have done that if it wasn't for a guy holding his feet to the fire Which is coffee zilla. So hats off to that guy Marty says rob dca is a smart what point do you go from micro to dynamic? So this is on this is everybody's preference It's like it's like beers Some people like a junk beer like me and some people are sophisticated and drink belgium beers some people like to You know dynamic dca Just randomly and somebody will just pick pick data points I personally believe we're gonna go to 10 or 12 k, but i've been wrong before So for me I kind of see like like 15 k is kind of like our floor right now Like everybody thought that june was the bottom. It wasn't the bottom Then november came along and that was the bottom in 2022 I'm still waiting from the bottom, but I still think around 15 k Maybe i'm wrong about that this 12 10 and 12 k. So I started at 15 k And I increased by 10 percent Then I go to 14 k and I increased on there 20 10 percent and 13 and 12 and 11 and 10 So at 10 k, you know, I'm I'm increasing my micro dcaing by up to you know 50 percent of what I what I've done so So i'm almost You know almost well one and a half times and then I just kind of wait for it to go down What I should do actually is 10 percent 10 percent then 20 percent Then 30 percent then 50 percent So it'd be up to 100 i would double it But again, it's up to you. It's up to you what you want to do. So I can't tell you that that's just what i'm doing Any advice tax info ftx? No but The guys from coin ledger will be coming on this month to talk to you guys about uh taxes Everybody's least favorite subject. I get it. I understand That's why I bring these people on to make it easy for everybody So remember like if you're a spreadsheet guy or gal have fun That's not me. So I just use coin ledger I stick it I API integration I stick in there. It takes about 30 minutes spits it all out Send it on my cpa done That's it but There are always exceptions and there's always questions like You know What do I do with celsius and voyager and ftx and block fi? How am I going to deal with that? What if I went on a boating trip and I lost all my bitcoin and it just flew out my hand into the water And away it goes and what should I do for these certain situations and and of course, how can I hold things back? and You know make pay less taxes. So i'm going to have the cpas in here They're going to answer all those questions We'll do a pre-recorded and a live session so you can ask as always questions and it's not just for america They do this globally in different countries not every country, but just show up and you ask your questions. All right Yeah, I was thinking the same I'll try to drop monday true the pool man It's a good name Why do you think bitcoin should go down to 12k? What if it goes right up from here? Great question What it goes right from here glad I was dcaing. So everybody who's been negative then They weren't right And I just stay in the middle and go. I don't know which one it is not that smart And i'm a crystal ball So I delicose algebra. Good thing at least I delicose ever something and I go up. But why do I think it's going to go down? I like to look at history And I just take a look and See to myself history doesn't always repeat perfectly But it's kind of an There are similarities. I I don't like that that that one phrase about it's uh history doesn't repeat, but it does rhyme I think it's dumb but um I just look at history to see where we're going and again I can just Look at this. This is where I see things So far This has been pretty accurate And it was funny because like I remember looking at four-year cycles back in you know The first four-year cycle when I got in 2017 I was like, I don't think it's going to repeat just perfectly like that because why would it repeat? We had all these institutions in here And the cme was going to do a futures contracts with with bitcoin. So that's going to go up and then John mccaffey said I was going to go to a million. So why would I why would these things repeat? That's stupid That's what I thought And now here we are Repeating the same things Anyhow that was 2018 and 2017. So here's here's what I think From top to bottom from 20 from the first four-year cycle Between everything starts with the halving 2012 the halving 2013 all-time high 2014 a dip 2015 a reset Reset years are the best time to invest Usually the low points and it starts to go up. So from top to bottom you had 85 percent then Yeah do this one The next four-year cycle 2016 was the halving 2017 all-time high 2018 dip 2019 reset 2019 reset year was a great time to invest With 84 percent Then we came over here and all the geniuses said June is the bottom All right, so again 2020 was the halving 2021 was the all-time high 2022 Was the dip where we think that we'd see the low point and 2023 is the reset again reset years are great time to invest No financial advice. That's just what it was in the past And we thought June was the bottom with and I thought it was weird because I'm like it's only 70 percent We're just kind of weird 84 85, but then I'm like, ah wait It went on November to 15 7 and that was 77 percent So I'm like, well if you just repeat these two time frames 85 84, I don't know. Maybe it goes 83 percent. Maybe it's 11 k. I don't know I think it's gonna be 10 k again And then just the macro environment doesn't Lend itself to say that we're going to go on some parabolic bull run Because only the economy can I mean we can't really sustain that look people are going to jump out of stocks There's I mean I here. Let me show you something I think called the buffett indicator And the buffett indicator is pretty accurate as well. There's a website. It's called longtermtrends.net and what it is It's a measure of the total value of all publicly traded stocks in a country divided by that country's gdp Okay So all the stocks roughly are 40 43 trillion somewhere around there all american stocks Gdp is around 21 trillion. So that's like 200 percent. That's where we're at right now But that's where we're at the all-time high. Excuse me So you can just see that Once we go above this mean which are 85 percent Things just start to taper off. So in 2000 when we hit way above It usually went by 50 percent. So it was 140 percent and went all the way down to 70 percent. Okay 2007 housing bubble right It was 105 percent and it dropped down to like 52 53 53 half roughly And then over here when we dropped to 200 percent we should go down to like around 100 percent half And we're just here I think we're super overvalued and look at this one. We're at 147 percent And that's right now In 2000 we were super over over evaluated And we're and we're above that still so the macro environment I don't think is going to lead itself to that and I think With no more quantitative easing for a bit now we're in quantitative tightening which we've never done before I might add quantitative easing all the time And then of course war on Ukraine whatever Supply chain issues sure Housing market bubble. Yes rates are up. Yes. Sure. That's it. So that's that's pretty much what comes down to why I think we could go lower There's a couple of things of why on the opposite side of where I'm more bullish and that I'll lead you to this into a block com and Perfect you probably want to see my screen what I'm talking about this Do you know How people are hanging on? This is the holder's time composition For people who have one bitcoin Or holders for not one bitcoin holders of one year plus of bitcoin of all wallets One year plus is the most You're looking at Let's just go back. This makes it easier for me Holders composition is 72 percent of one year plus people are holding if you held All the way till now 72 percent of you you ain't selling you're not gonna sell But you still got that that's sticky 28 percent and that's really all you need to kind of make things move around, right? 17 percent that's cute. That's great. That's fantastic, but you can still have it go down Also The other big thing that I like to I look at Is just This one I'm always talking about it but We're only at a hundred billion dollars from market cap and The stock exchange is a hundred trillion roughly. That's for All stock exchanges. That's japan shanghai hong kong euro next shings and new york stock exchange nasdaq money supply global debts 233 trillion dollars global real estate 280 trillion dollars like I think these people if they Are figuring out like hey, we might have this this 10 year stagnation like stanley drunken Miller talks about I don't know about a lot of other like the paul tutor jones talks about They're probably thinking to themselves. Well, if it's going to be that crappy. I'm not going to get returns Maybe I want to get a little risky at some point and just put like 1 allocate something into something like an emerging tech Maybe this will be it It's risky, but maybe so I look at those two things I'm like maybe that's the other other part But the other part still escapes doesn't escape me just the macro backdrop and that's it so So pull man. That's a long answer to one question true It's a dynamic green screen It goes dark when the lights move out so Jeff you dca and hold in your hand precious metals I don't Sorry to say It's all in my roth IRA through iTrust My brother though is smarter than me and he buys physical gold and silver So he's he's ahead of me on that one. I need to do that You know mark cuban had this had this this funny comment. He was on bill mowers podcast and bill bill maher was was saying that uh that he owns golden silver and uh He said uh, he said why would you hold golden silver? He goes if you own gold, you're a dumb f You're a you're a dumb effort And you know, this is mark cuban talking and uh, and he's like if you own gold, you don't understand. He goes when the s hits the fan The bigger better badder people are going to come in there and just steal your gold away from you And they're gonna they're gonna write off into the wasteland And I just thought to myself first of all my that that's dumb. That's a dumb response You're not stupid for holding precious metals. They've done pretty well for a long time. I that's just how it is. It's true And then second of all if we're in like mad max thunderdome type of place They don't give a crap about your gold and your silver They're gonna steal your water and your food and your weapons and your ammo. Come on Everybody knows that That's what in all movies are dystopian futures Coffee's delicious box of logan paul That would not be a very that would you know what? I would pay for that fight. I would watch that on Yes, I would watch that on pay-per-view for sure. I know who would win And it's not coffee zilla Logan paul's literally will be punching down Thank you coin ledger is amazing. It's very easy A piper is with the article essentially having a time been busy today, but I'll get to it diesel cane Rusty bot brings us together Uh, who would want to fight we think always on ender dates Well, if andretake is out of jail, it'll be They ate by a long shot Okay, so Matthias says hey rob your video and adam was great I heard several people talk about it as a good project But the tokenomics made it a bad investment does not number go up any thoughts the same thing with algorand actually what I'll do is um And somebody made a good comment. They said they said that uh the the we did a A video this morning. It was me jerry hall and cryptosito and we talked about adam or cosmos Crypto sito is and he lives in portugal, but he's from germany and he's really keen on cosmos and adam And I asked some I asked just the basic questions like you know, what is it? How does it work and you know what makes it so great? But what I messed up on and somebody pointed out to me. They said rob you were not um You were not very careful on your questions. You should have asked them, you know, what what is the downfall? What are the problems? What are the tokenomics? And you know what? I was like, you're absolutely right I did mess that part up. So what I'll probably do is I'll bring token sito back on And we'll talk about it at some point and just talk about what are the what are the hindrances Of cosmos because I hear the tokenomics are an issue developers might be an issue And we're gonna dig into it. Maybe we'll get a developer from cosmos to come on. Who knows? But uh, yeah, every project has a problem in some way shape or form. I just did a poor job in highlighting that so Yeah, look at that someone admits they're wrong Robert that drew mark moss for a second. I'm way Way more handsome than mark moss. We're talking about Just getting mark moss. Good guy. Great channel. It's a ton of views. He used to live here actually I don't know why he lived to move to ronkone. It was out in the middle of nowhere I mean if you're a surfer and like to drink that's the place to be It's a great little like sleepy surfer town, but I'm like, I don't know why he moved out there. Now. He's in austin Good luck Dennis Spiculcans says taxes for masterworks investment If you have sold any of your art pieces like I haven't you have to understand masterworks is a long term Very boring The versification so if you sold something then you have a capital gain Well, or a loss, but mostly capital gain and in that situation then you're going to get a form from them a tax form Which states that this is your your revenue or how much you've you've gained you can give it to your cpa and go from there But if you haven't sold anything There's nothing to report Unless you're doing something else with trusts or whatnot, then you have to talk to your cpa Ocean X please show yes Coffee zealots is the whole group is I don't think he's he's Talks about how much of a scam it is. I think there are a lot of projects that are scams and he's a hundred percent right Let's be honest. How many um There's a great question. How many scams have you been a part of or not scams? Let's just say rug pulls And a rug pull also is when some shady developer shady shady, I said shady some shady developer Comes out and's like oh bad news Our project lead We had a hack and all of our funds are gone. So good luck everybody. Sorry, and they just drifted and it is You know drift away into oblivion How many of you have been a part of that? And coffee zealots right then And I gotta tell you there's a reason why people become bitcoin maxis Because of that situation in and of itself Oh, I love these I love I love trolls Josh shosh says stay poor this clown will be hating on us while we waited While he waited for 10k bitcoin. Let's do this a scammer. Well Josh you have to explain yourself I don't know if you're talking about me or somebody else, but I Haven't scammed anybody And as far as like waiting for 10k, I'm still dollar cost averaging down to that point. So I'm not telling you to wait. Let me make that myself 100 clear I'm not telling anybody to wait for 10k. I just think it will go to 10k I personally am dollar cost averaging still and will dynamic dca past 15k so Gustavo Santos, what do you think about the gemini issue? I think it's It's potentially the next shoe to drop You're not not aware Tyler Winklevoss one of the Winklevies Send out a letter genesis go look we've been shut down. I want to say 64 days or 84 days now from Genesis which is which is their Which is their gemini earn program which is in genesis which is a part of the digital currency group Which is also owned foundry And a little thing called grayscale and coin desk And they're saying look you need to open up withdrawals And you keep very sober you are running around and you're not Acting in good faith and we need to come to the table and figure this out very sober It's like I don't know what you're talking about me personally. I don't know how genesis is still a float I don't know why they're not in chapter 11 right now. I don't know why they're not a bankruptcy If you tell your customers you can't withdraw anything From our platform you're like well Do something but you have to restructure yourself forget to liquidate because I want my money back at some point You're gonna start to see lawsuits pile up. So I don't know how they're not out in chapter 11 now It's been a long time All right So what I think about the gemini issue. I think remember when I talked about bitcoin at 12 k or 10 k imagine if that contagion Which is really ftx contagion imagine if that contagion Has warmed its way into genesis already and then it warms its way into grayscale Now take a look at what would happen if grayscale had to do some kind of liquidation You know much bitcoin grayscale owns. Let me show you When we talked about this yesterday treasury There's a website called buy bitcoin worldwide.com forward slash treasuries what i'm gonna do Is i'll drop that in the chat You can see this yourself So bitcoin treasuries pa pa pa pa There's 65 entities in this and the percentage of 21 million is seven almost eight percent last update december 29 2022 So not too long ago Public companies that own bitcoin micro strategy Owens 132 000 which is almost 1 percent. It's about 0.63 percent and it falls off from there China apparently Owens almost 1 percent debatable, but I guess Ukraine owns 0.2 percent. I had no idea that And see mount gox 0.67 percent which every time that I hear about a dump some stupid News report about mount gox is dumping and it never happens, but whatever at some point it will grayscale bitcoin trust They have 643 000 bitcoin The percentage the percentage of 21 million about three percent Now I don't know if that three percent because that's I don't know they're talking about the percentage 21 million or the percentage of the circulating supply or the percentage of How much bitcoin is actually out there? Minus all the bitcoin that's been lost, but it's a boatload So the thing i'm trying to get to is this The gemini issue if it warms its way into genesis and it warms the way into grayscale And you get a big boatload or at least some of that bitcoin that gets put onto the market for sell pressure There comes your 12k and that's probably it. I could be wrong I stepped away for a minute Yeah, gemini my force dcg and chapter 11 as well. They should and they should liquidate, but i'm not a I will tell you this though Genesis came out and they hired moelles and co moelles and company. It's an investment bank and you know who who hired them for options Voyager Celsius I think block 5 can't remember But moelles and company is kind of like the kiss of death before you hit chapter 11 They're like, what's our options? I'll tell you your options chapter 11 or chapter 7 liquidation So, uh, that's what's happening there I'm an idiot in all markets Uh, yeah, I wish I sold a year ago. I think everybody can attest to that which I'm gonna remind everybody of one thing. This is gonna be very unpopular but who cares so Let's go back to looking at bitcoin and I've talked about this before You know everybody who's like diamond hands remember that term diamond hands. That was a good term great term And the people will tell you, you know, I'll never sell I'll never sell my bitcoin or my crypto because i'm gonna diamond hands this to oblivion And they could be right, you know, but if you're if your goal is to at some point hold as much bitcoin as you possibly can And you know about the cycles And here's another thing like If you need to sell because you're like, hey, I need to pay my bills. Why wouldn't you sell? I'm just I'm just asking the questions So when people are talking about like, oh, you know what? I'll never sell bro Well, that's a personal opinion about what you are going to do. There's a Go to look into bitcoin.com Click on will shadows Under will shadows I want you to turn off. Let's see. Let's just turn turn turn off 10 years seven or nine years so what this is is For people who bought bitcoin From the time they they bought it four to five years later is when they move it Not that they're selling But they're moving it from the wallet to some of their wallet But what do you notice? You notice that These wallets start moving in four to five years When the price starts going up, right? Then it kind of drips drips down Then it goes up again Because the people are telling me that our diamond hands are a bunch of liars Not all of them granted. There's some very Very, you know straight forward straight as narrow people But I think a lot of them are liars Here's five to seven years same thing Here's seven to nine years Look, where is where is the concentration? all-time highs and then lastly 10 year plus even these guys sell Now I will preface it with this and that is that It's true. They're just moving bitcoin. They're not Putting on exchange and selling it. That's not what that data is showing It's just moving from one wall to the next. I gotta tell you Since 20 I've I've got Multiple ledgers and one has a couple of a good amount of bitcoin on it and I wasn't going to sell that and I've never just taken that ledger And moved my bitcoin even though it's been sitting around there for four years just for You know s's and gacles like hey, we're at all-time high. I probably should move this Well, it's been been sitting there just fine Usually if I'm going to move something it's I'm either going to sell it or I'm going to buy a good or a service Or maybe even some real estate. Don't tell my tax. Don't tell the IRS that I've never done that but I'm just saying So when people talk about oh, you know what bro diamond hands show them whale shadows and say You know what? I don't know which side you're on again. There's some good people out there There's some people that truly believe what they're saying, but there's some people that are saying that just to say it And I'm not that person I have sold I will sell again. I don't see why that's so so hard I'm going to sign up what I don't trust. That's pretty good Tremble paying it's a good picture. What platform is everyone used to buy crypto? I personally use coinbase and I use this thing called coinbase one is 39 bucks a month and that allows me to Not pay any fees of up to $10,000, which is pretty cool because like because I you know, I take profits and I buy every day And sometimes I buy multiple things on a day depending on the altcoin And uh, I get to waive all those fees. So for 39 bucks, uh, I do a lot Not buying now Well, I'm all it's not doing it We can sell Yeah, moss is a surfer Can a a u.s. Individual sign up for a cosmos account through a vpn I don't know what you're talking about there like because I don't I don't know because usually what I do is I just purchase cause I purchase on a coinbase and that's it And as far as like staking anybody can stake that's what's great Uh Put a bilimit. Yeah, that's a good idea Jane and cho says put a bilimit at 7k, but then you know, some people will say well, how can you put a bilimit in When uh, when you're not supposed to have anything everything on the exchanges You know, tom crown had a pretty good point. He said take everything off exchanges Except for the money that you need for your limit orders. I was like, well, that makes sense You know, if you wanted everything's a risk, right? So why not? I guess so Do you think grayscale bitcoin discount will improve? Now unless that etf gets approved and that's not happening. So no But I could be wrong Igor says when is the voyager debit card coming out? Hilarious So, yeah, that was one of my utmost mistakes voyager dgx Sucks because like, I mean at least I will say this at least with voyager They're a public trader company So when they put out that that document would say it's that they did a 640 million dollar loan of three hours capital with zero collateral I was like I like you guys, but that is dumb So went on did the video Two weeks before and that's actually when I did did those rules the rules that you see right underneath me all the time So then two weeks later they shut off with draws. So now Celcius I wish I would have got them sooner I did the video at like 11 o'clock and 11 a.m. And the 9 p.m. They shut off with draws But I got six figures stuck on there too. So I'm with you That guy's not in jail all right Cho says it's funny how sec is taking an action because of ftx implosion. It's weird Ironic and you know what's even stranger? Let me show you something it's strange that Gary Ginzer was investigating them Was investigating ftx for all this time and just couldn't pull the trigger for some reason or another And just let things go. So I'm like, what is that's your that's your job You're supposed to be able you're supposed to be the police officer and you just Couldn't pull the the trigger And now here we are but there was something else that Oh this one right here I was going to do clown news but I'll just show you guys this did you hear this article White House claims the meeting between spf and senior Biden officials were about the pandemic White House claims the meetings between spf and senior bed and officials were all about the pandemic Who better to talk about the pandemic Than a vegan philanthropist Makes sense bunch of liars Oh Yeah, no beef with james. I just talked to james yesterday Yeah, this is pretty much what it was rob guys versus james vise versus counter guys. That's pretty much what it came down to So we just separate everything gets a little more toxic in the uh in the in the bull bear market. So Yeah VPN yes permits extra station. Yeah, good good point Logan beard is This is not financial vise. You should be accumulating across the next six months Remember most recessions were not officially called told the market already about them I got I got to disagree and i'm going to disagree because even though i'm accumulating Can you go wrong in all honesty if you just said, you know what i'm just going to wait because What are the chances that some major fantastic news comes out probably slim I'm just kind of going against my biases and just putting a little bit of fun is in But in all honesty if you waited six months You probably be just fine You know and then let's say that bitcoin does go up. You think it's going to skyrocket to 100,000 50,000 30,000 in six months probably not I think you're gonna be just fine and uh, if you don't make you don't make it I mean if you don't make it, I mean I think that uh waiting six months is not the big thing. It's sitting out for the next three four five years or never investing I think that's That's a problem That would be a problem for me. Maybe not for you. I don't know Shakir Listen, are you buying alts now? What's your top five? I am buying alts and i'm buying Ethereum and cosmos and polygon and cardano and some other stuff chain link I forgot some other stuff, but you understand That's micro dcang. That's not putting up near like let's say that I buy $10,000 worth of ethereum a week In the past Let's say I did that Now i'm buying like a hundred bucks a week. I mean it's just a fraction 10 of what I would usually do And that's it And of course everybody could be like I used to buy 20 bucks a week Okay, well now buy five bucks a week. I think it's just this is all of what you want to do Yeah, clown news Tesla's is telling me and some people always get out they get upset when I when I when I talk about that about Like oh, you shouldn't you should do that because dollar cost average like look man I'm just gonna do what I do. You can do whatever you want to do. It's up to you I mean don't listen don't listen to a guy Who just talks to his computer in front of a really crappy green screen? Robert, are you still buying gala big jump today? No, I just hold it I should though, but Now i'm not a big gamer, but I see where gaming is going web 3 is going to be big at some point I think that's it I'll leave it with this I've learned the most important thing crypto is getting into a good honest community. There is nothing more critical to your success in this industry It's very tough to do very tough to find there's so few out there And uh joey's got a good point if you can find those hold on to them, especially the honest part a bunch of liars Anyhow, that's it for today. So look you guys like today's video thumbs up consider subscribing all that great stuff It's beer time. It's almost seven o'clock here. So thanks so much for stopping by appreciate it And I'll see you guys on the next one adios