 Ah comments who look at these people Hector, let's do this. Let's wait for some more people. Okay, son. Oh Why is this there we go Efrain one of the Real estate agents that I met good guy in Puerto Rico. Is there anything positive at the end of end for those like me That started August 21 on Efrain, you're just like me when I started in 2017. I started pretty much during the all-time highs It's just time. That's really all it comes down to and I know it's people It's boring for people to hear this same message, but if I don't say the same message First of all, that doesn't then I'd be a fraud if I don't see the same message, but It's just It's just the simplest thing I think there's so many different people out there on YouTube image that make things so damn complex It doesn't have to be complex. It's just waiting around and just waiting for the market to move and It will Bull markets, like I said, bull markets don't go forever bear markets don't last forever. Just how it is One step outdoors is what method you guys use a track your average cost, you know, I used to have this great app called Voyager Before they gave a loan to three-arrow's capital I used to use them. They had a great little like average cost I would say it right there. Your average cost is very simple. You can use Excel spreadsheets There's formulas you can use to Pulling a DCM. Thanks so much. I Still have fear, but I believe if rain you just like me I still have fear like when I look at these like I know people like they watch the channel like Rob looks pretty relaxed Usually I'm relaxed. It's because it took profits along the way And you know, I didn't cash out as much as I should have because I got greedy But I did a couple of profits. I'm all right And of course other businesses work out pretty well But I still get fearful and I still think to myself First of all, I was thinking are these four-year cycles gonna stay intact? Maybe maybe not and then the one thing that concerns me the back of my head Which is always in the back of my head is this article. I read about from Druckenmiller who's an investment legend and he believes that we're in a going to be in a 10-year sideways Market if not bear market, which will be oscillating between bear and sideways And I think to myself if that happens that would be a very boring time But he does state a couple of different things which is one of the reasons he believes it to be true is because of the Decrease or the decline of globalization because there's more nationalization as we kind of turn away from you know Outsourcing a lot of jobs. I still think that's gonna happen. I'm hoping he's but you know Druckenmiller is pretty nice Pretty negative guy over over time, but that's just how it is We'll see We will see Yeah, no never says that you got emotions and and what are they trying to make you believe and do yeah That's the thing of with investing. That's why I just I Haven't set up for dollar-cost averaging every single day And if I had to if I had to tap if I had to go into an app And what a great world we live in now I'm I'm complaining about going into an app and having to hit a button But if I had to go into an app and hit a button every day, I don't think I would do it every day That's why I have it set up set up automatically to do That's it And that's takes a while the emotions out Corey says, hey, hello Amy Johnson's of a damn fan Thank you to all the crooked politicians Patrick Has a point actually Let's see Crypto got my time at the CUNY. This is it, baby. This is it Mystery guests is a good point. No pain. No gain. It's very true, right Like has anybody ever gotten anything that was uh, not without a little bit of heartache Usually that's how it goes. I mean even from like getting in shape losing weight Getting that job Educating yourself moving forward starting a business. I mean it's all right there. It's not super simple. It's not easy but Those are the ones that pay off the best you sometimes and the ones that actually make you feel like you did something Yeah, I don't want to fight the fed I don't want to fight nfl because uh, usually they'll win That's why we don't do uh, we don't do volleyball leagues on sunday at my my facility because First watching football What I should do though is I should put the projector up and show football as people play volleyball, whatever let's see DT says We've been a crypto recession for a while Before they kind of went under once the sec figured out how to get their cut and the flood gates from restrooms going to create a crazy Yeah, it's a good point And um, like I said people think that uh, that the government wants to squash crypto They don't want to squash crypto. I just want to figure out how to tax you look Quantitative easing they led a lot of that money out the gate. They got to get that money back somehow and destroy it The best way to do that Tax you like crazy and the best way to do that capital gains tax They don't want you to save your money They want you to invest it and report it so they can tax you. This is how it goes That's okay. That's okay Uh What I miss here Someone's got to sell it's up. Someone does I sold the top one time and that's so far I had dogecoin when I bought dogecoin in like 2017 or 18 when I first got a crypto because everybody says you know the moon I didn't know and uh, I just held it on this What was that? I forgot but when when um, ilan musk went on to uh, SNL, I'm like, this has got to be the top. I just guessed I guessed right, but besides that. I've never hit the top Jungle link the legend two things that don't that don't affect us directly still affect us. That's right uh, man, I hope Record drops as bitcoin 15k soon. Maybe I don't know I've been thinking that's gonna drop, you know for a while now still very resilience. We did our show dca with uh, ben and james and uh, one of the questions was just taking a look at history and I had to take a look at How bitcoin and the crypto market has done over the last uh in september Did it extremely well compared to the traditional market the dow s and p and nasdaq And you take a look at bitcoin only dropped like 0.2 percent in september. So Uh, I was wrong on that one. I thought I would drop more just didn't So that's good So john says rather than sitting selling my soul and buying mcdonald's ice cream machine thoughts first of all We all know that the ice cream machines are always down at mcdonald's Second of all solana. We know is always i'm just kidding. Solana's not always down uh So that's a good one john so Some people will say There's two sides of the argument Some people say the reason why solana's down is because there's so many transactions and they can't keep up And this is the time for it to for it to have their issues so they can figure them out and then go forward And other people say this is unacceptable because they're always they're down They're not always down But they're down like I think it was like four or five times since the the inception in 2000 2020 excuse me So for me, I'd have looked at and go let them do their thing and go from there I'm still going to I still have solana And I and people say what about you know, the other layer ones and avalanche and cardano and ethereum Well, yeah, I still have those two. I just don't know which one's gonna make it And uh, we're just concerning these different outages But it just depends on what you believe if you believe it's because it's because of so high transactions and things are going on Then this isn't a bad thing that it goes down But it is funny though that they can just tell all their All their operators is to go. Hey reset this guys And then they do it You know, I know like in uh with cardano with the vasal upgrade I Which case said, okay, we want to upgrade now and a lot of stateful operators ourselves included were like now We want to do some testing first. We're not going to do what you say. That's the centralization. So it is so Laura says rob me and asks you if you're rob Who is this dan got a teachers crypto? So dan stands for digital asset news And when I did the when I did the website, I don't even think I was even showing my face I used to do it just like the screenshots and do those things. So no one ever knew my name And uh, it would be really funny if I said hey go this website It's called rob teaches crypto. I'm like, who the hell's rob? So dan digital asset news teaches crypto. Hope that makes sense Hi from Lithuania What does sol and beta mean sol and beta means that it's it's just in Post production and they're trying to figure all the bugs. It's been quite some time actually But that's what they say That's what I'm gonna say from now on Like I'm in beta. So I mean screw up. Sorry. I'm in beta though I don't know Yeah, patient monk's got a great comment in the moment It can often feel like you got it wrong got it wrong the whole time Let's trust me. That's exactly who I felt in 2017 and about two or three years. You'll be fine And that's the here's what's gonna you're gonna oscillate between everybody You're gonna feel like you're a complete failure. Don't know what you're doing as far as Investing and then as things turn around you're like Oh, it's pretty I knew it the whole time, which is fine But then you're gonna get into a bull run and you're gonna be like this is never going down Because I'm the smartest investor of all time and that's exactly what I felt like in 2017 So I'm just saying right now. Don't do that. There's a couple of different videos you can watch On dan t. Just let me show you it's always better to show somebody than to talk about it Let me share my screen So there's three videos really And of course, this is dan teaches crypto you can You can go here and and sign up for free So anyhow investing Click on investing And if you slide on here Module three is two ones I recommend first of all have a bull run exit strategy plan It's kind of important I know some people will say I'm never selling my crypto then you don't have to watch this Just hold your crypto forever. That's fine And I talk about the different cycle top callers high cycle top and upl time and risk And the bottom callers mvr vz score two year Pwell and reserve risk And then there's a new one We just talk we put out is why when and why i'm selling 80 percent of all my crypto I talk about exactly The different factors that I look at of what i'm going to what i'm going to try to get out Is that mean that i'm going to time the top? No, I just said in this video I'm like if I can time the top between 60 and 80 percent of the top, I'll be very happy. That's it So go from there All right How is How is bitcoin trading volume so implausibly higher the past three months prices range down and dormancy is high seems fishy Sometimes Sometimes data is a little bit off some and especially like on-chain data I'm just going to tell you right now seems to be issues Abound and then mr. Wolf said yeah wash trading could be Oh That was a clickbait title says pirate expert which one I do a lot of clickbait titles When and why i'm selling 80 percent of my crypto if that's the one it's not a clickbait title I said When i'm selling 80 percent of my crypto, which was exactly right, which was uh, i'm selling 80 percent of my crypto When these factors come in I took a look at the picycle top chart I explained why that is and we took a look at the history I took a look at the mvrvz score I took a look at the time and risk score and I said when these factors all come about And I said when you can do it with bitcoin and into altcoins when this hits When it hits I will sell My my crypto at this level and actually I started off with 40 percent Then 20 and another 20 percent I explained why so that was the when And why i'm selling all my crypto is because I talked about this very clearly That I think a lot of us Myself included wish they would have stuck to a plan and sold a little more of their crypto When the top was in around april or november of 2021 So I don't know why you would consider that a clickbait title as I said in the title This is when and why i'm selling my crypto and I explained it in the video very clearly So unless I miss something, please let me understand how that was a clickbait title I Had to watch a diocracy pillar top five movies of all time. I love that one Yeah, paul says I was late because I was watching benjamin ben had a great video today The video of mathematics which does every I guess it's the first ever every month And I just went over some really good points. So definitely check out that video Rob you talked a bit on the having what is your thought about it and you're buying selling strategy Milad just watch that video that explains it perfectly Does dan have a video on recommending safety around buying cold wallets? uh We'll never buy a cold storage wall like a ledger on ebay or amazon because I mean They could come from some third party and all they have to do is just You know, if they have the uh the mnemonic phrase they can reset everything So don't do that go directly to the source. I think we always talk about that. Ah, can somebody ban chat? I'll do it. Hold on Ah, thank you. Thank you chat that dash six nine fine sexy girls. I'm pretty sure it's not a real person All right And then as far as like cold storage wallets I just use a ledger. I know some people like a tracer, which is fine. I don't care but on uh Let's see in the modules I show you How to set up your ledger and I break them down to like less than 10 minute videos sometimes Setting up your ledger live transferring assets from exchange to wallet using your ledger Deleting restore a nano ledger transferring crypto from wall to exchange I make this very simple as simple as I possibly could and then also this one always scares me updating firmware than nano ledger But if you know how to back it up Where was it Setting up Ah deleting restore an analog it won't matter like for me personally I had Oh a good six figures. I'm on one ledger that I owned and I needed it when I Came from Puerto Rico to Texas. I didn't For some reason I didn't bring all of my ledgers, but that's okay because I had the mnemonic phrase and I just reset it Or not reset it. I just Brought it back as I got a new ledger. So That's it Yeah, lori's got a crypto market will turn to the stock market So holding it for 20 plus years is like a 401k will make sense I think it'll turn into more of a stock market Which is me which is a little bit more Uh less volatile when we actually stop speculating on what crypto is designed to do and it actually does something I know people will say rob. How dare you it does it right now I'm using bitcoin all day long to buy whatever and I'm like, well You know, I don't think a billion people are using it right now not yet And I don't think there's like a killer app out there I know people will say what about uh, what about defi and ethereum and things like that Look a lot of people myself included are still a bit of leery about that Not on ethereum But on the ecosystem that was is within ethereum as far as defi and you can see that on the defi hacks. We lost Gosh, how much was it? I know it was over three billion dollars this year. So I mean if you want to play around with that, that's fine, but I don't think it's ready So laura's got a good point. I think it will be there when we get that one super Apps that actually do stuff that people use in everyday life on a grand scale not like in a city Or whatever and then also when it actually has a real utility that people use consistently That's it The optimist says rob moved to portorico to avoid tax. Was it a good move? Ah So first of all, you don't want to avoid taxes. You avoid some capital gains tax But you have to understand you still have to pay other things, right? So I didn't avoid like a federal income tax You're not going to avoid that. Sorry And you're not going to avoid paying the taxes to the portorican government, especially through the charity programs. You're not going to avoid your um Sales tax you're not going to avoid your real estate tax. So was it a good move? I did a video Just about six months ago my one-year update I like what I like portorico. It's a it's a it's a gem. It's got a lot of potential It's just got a lot of corruption and that's the problem It's got a lot of problems with infrastructure And it needs a lot of things to be done over there. That's just how it is. So But that's it I mean as far as like avoiding things well You never get away from the tax man as I found out there's a lot of different and one more thing Puerto Rico is super expensive to live at. So if you're thinking about moving to Puerto Rico, watch that video first Because I don't think you're gonna want to If it was click-bick then it worked. Gotcha. That's right Uh, how bad do you think it will get if the west goes to war? I don't know depends on what kind of war if this is a war that's Data and intelligence war, which we're going through right now. Not so bad if we're going through Uh, you know A naval war or or aerosol war That's something that's another level and then of course if we go ground to ground That's the whole new level and of course if we go nuclear which Putin is already threatened. Then that's the the the next level and that's doomsday. So I will see but Hopefully cooler heads will prevail. We'll see wash right? That was lower. That's true. I've reached just got a point. I started to learn coding and I now understand Uh, why these chains take so long to create the developers let me know what they're doing. I didn't know what they're doing I just think it's who was it the guy that's, um Created, uh, wi-fi and not wi-fi for the internet Wi-Fi and not wi-fi for the internet, but wi-fi wi-fi wi-fi Ah, andrei krone. Thank you. So andrei krone. He put out a A blog post and he's talked about how It's amazing. He's well Well lauded developer and he talks about how because it's amazing that when you get into development You take a look at at the code. You say I can do better than that So you take, you know weeks and months and you and you work it all the way through You do these these advancements then you come up with a problem And then you go over that problem that problem that problem And then at the end of the day as time moves on you realize Oh, that's why they built that code because of these problems these problems which things I couldn't even see before So I think like when we take a look and it's easy to be the arm-share quarterback and go I could have done that But as a whole nother level when you actually get into it and do it That's what I think And that's why I don't talk about developers because I'm like, I have no idea Ah, nope Digital assets daily. That's a good one Hmm Well Well, we had a good run. Thank you Reginald. Thank you for the three dollars super sticker I appreciate it Everything counts Do you like dash coin? No And zack says it. I'm more of a salt guy a dash of salt. That's right. No So Reginald says it's a good question. Why is everyone saying the coming recession? Have we already been in a recession again? And depends on who you ask Some people will say well two economic periods of slowdown Or two economic quarters of slowdown would equal a recession, which is what we just saw But uh Different especially from the white house They say no, that's that's not true because we we define a little bit differently and also the unemployment Unemployment rates are still at an acceptable level and we haven't seen a rise in unemployment And they talk about how wages are up. I don't personally believe It just depends on who you talk to. I just look around and go, yeah A lot of problems going on around here. I don't think this is like the economic boom. I was uh expecting I think it is a little recession Oh, not me back in Puerto Rico again Yeah, for two quarters exactly Once the navy closed back until the three periods went downhill from there It wasn't really that you know what it was and I talked about this in in the video we did There was an incentive I forgot the law But it was put into place in the in the 70s and it was an incentive for businesses to move there and they They got a lot of tax benefits to move there and it's and a lot of them were The pharmaceutical industries and at one point Pharmaceuticals They There was a hub. I think they were like more than 10 of the global amount of pharmaceuticals were actually in Puerto Rico And because there was such an incentive to move down there, they moved down there. They saved a lot of money Which of course created economic wealth, which also created job opportunities and people got a lot of jobs there. Unfortunately During clinton in his last days they Rejected or took back that law And there was no tax incentives for the pharmaceutical or businesses to really go there And I mean a massive amount so they started leaving and that's why like if you go to Puerto Rico, you hear about people talk about all the great pharmaceutical jobs even big E Who's still working pharmaceuticals was like, yeah, it was a lot better back in the day And once you see a lot of those big industries leave and it's not just the industries It's not it's it's the salaries that that they pick up and go. It's the incentives It's the health insurance. It's everything that you have and just gone. So Uh, that's a big reason But I think there can be a renaissance UFO nut is credit swiss going on tomorrow. Well, not if you listen to the ceo. He says nothing to look at here folks Which, you know Alex machinsky said the same thing as they were going through massive insolvency so whatever Christopher says is the unemployment rate a lagging indicator of the actual employment? It could be Like james always talks about it goes ah, but the data, you know People they work three hours and then they They they consider that's employed or also people work part-time. So they say that's employment But the wages are down. I think the bigger thing is those two things first of all Garbage in data is garbage out data if it's the same garbage that we've we've looked at over over the last 30 years That's how they count unemployment Then it should be the same thing. However, the thing that concerns me though is real wages Like what are people really making if that's going down then And then also we have to consider is are the wages going down? And are you accounting for inflation because a hundred thousand today is an wasn't isn't a hundred thousand that was in 1980 You can't buy the same amount, right? Propagia whether hoodie to match your beard. Yes. It's just cold this morning I don't know Paul says is there an emergency fed meeting tomorrow. I didn't hear about that Who's tom crown? I'm just kidding. So tom took my spot on on dca. He did a fantastic job You have to go watch tom's Show. He's a really great at ta. I don't understand half of it because I'm not a ta guy But uh for those people that love it tom's your guy tom and james and uh and ben Thanks tom Now there's a closed on me If it's an emergency meeting we'll see what it all comes down to but it does concern me though that we see these cpi numbers Come out a little bit hotter than what they're supposed to be And even uh, the c was at the cei number that came out yesterday No, there's there was saturday genius friday And uh, it actually went up and I think that's very concerning because we've been hitting with 75 basis points 75 basis points And it did come down a little bit, but then it went right back up. So I think the question then would be If I was drone pal thank god i'm not because I don't want that crappy job But if I was drone pal and I saw the and I'm hitting everybody with 75 basis points And it doesn't really affect too much or it just goes down a little bit or even goes up. I'm thinking myself Are we doing enough? And really it comes down to w w vd What would volker do and if that's the case and drum's gonna invoke volker. Do you know what that means? 100 basis points are coming And if that's what it comes down to the markets, I think is priced in 75 basis points But if 100 comes down the pipe Two ways to look at it The sky is falling. This is the worst thing of all time or hey time to load up on some cheap stuff scatter scatter good That's what I used to say in the military when I was doing my uh shooting rounds Any true with the rumor of 48 profit tax on bitcoin? Yeah, kind of I'm gonna show you what we're talking about here What that was was from uh, we talked about this yesterday And this is biden's tax proposal for united states citizens And they talked about how they want to go from 23 long-term capital gains tax and anything over a million to a combined rate of 48.4 percent Across all states here's what you got to remember, which is this that's not getting passed What it is is it's like when you go into negotiations you say I want a 100 carat gold toilet Okay The other side goes I'll just give you some white peas. Well, that's not a good one. Okay. I'll take a toilet But I wanted gold plated handle Okay, we're gonna give you some white peas and some soap. I don't like that either How about this let's just meet in the middle and we'll go just give me a toilet Great toilet and that's pretty much what it comes down to I don't think uh that they're gonna go That's a disaster to go from 23 point something percent to 48.6. I mean come on Uh, that would be the highest in the industrialized world and I don't think it's gonna happen And golfer says unfortunately the fed can't keep congress for spending. It's a good thing Um, we're talking after the show meet ben and james and they're talking about When there's a split in congress when you have When it's not just all democrats or all republicans and there's a little bit of uh given take When you have one that controls the senate one that controls the house and one that controls the presidency Um, which should be you know two and three or whatever You get more done because people have to come across the aisle and actually work together But when you have something that's like if you have democrat democrat democrat or republican republican All the bills start to get uh taken just accepted and passed through even though they're not the best thing And that's why we need uh dissenting opinions So i'm rooting for democrats to lose some different parts because other things can actually get done I know so that's not a very Not a popular opinion because of politics, but I don't care is what it is Thank you and thanks for all the wrenches for Uh doing the job that i'm supposed to do Which is uh moderating everything. I appreciate you guys Paul I cannot answer that I don't know Ha ha well elections be stolen. Who knows who knows what's the one and who knows if he even went to the moon? I don't know Oh, I don't want to open that up Yeah, crypto golfer says yeah, it's sad, but gridlock is good for the markets. Look It's like me like if it was up to me and the things that I would do I would be a mad man Thank god. I got my wife. She's kind of like the checks and balances. She's like maybe that's not a good idea rob Again, how do you cure a toilet doesn't make anything doesn't make sense Hmm No pressure with everything Yeah, man, that's what you got to do. Sometimes you got to do that. Sometimes you got to have polarization That's pretty good I think that's it everybody. Okay, you guys know what it means. It's time for football It's time to it's time to shut up and drink some beer, right? all right, so Oh two things first of all Puerto Rico meet-up will be in october. I'll let everybody know about that Next week, we're gonna have the El Paso meet-up. I'll tell everybody I think we're gonna do that on wednesday and go from there like to see everybody before I take off from texas back to Puerto Rico And mean we got to meet up as well. Let's talk about solar panels And roofing that's it. So guys, thanks so much for stopping by. I appreciate if you like today's video Give it a thumbs up and consider subscribing Not that youtube's gonna notify you anyhow, but it helps with some metrics But that's it for today. So thanks so much for stopping by. I appreciate all you guys and have a good sunday. Adios