 Now let's get into the Q&A and I'll answer all your burning questions the best my abilities and we'll go from there everybody. Thank you so much comments DJ King Arthur next PR meetup next week and I got to talk to Steven probably the same place I just would like to have some more brisket You're amazing. I think you're aiming low, but Shalom. I appreciate you. Thank you Let's see Rob anything getting whether or not we get taxed in as from Voyager or will the government give us a Bobby shots. That was a good one. No, but by law they're supposed to give you your tax documentation Let's see so frostbite says how can I trust I trust Cal if I can't self-cust me you can't and that's just it There's nothing but risk out there, right? That's why like I'm not telling you what to do I'm just telling you what I do and that's it. So if I trust capital, I can only put Really $7,000 per year. I'm not I can't put my entire life savings. I can't sell my kidney and go. Here's all the money for my kidney It's a retirement account. It's not there to wreck you all the way down. It's just that is what it is and That's all so again So everyone's got a risk Criminals when Charles interview all wenches on deck for that one reach out to Charles Hoskinson and ask him when he's gonna come on the show That's it Yeah, alpha. This is why I try to do a little bit different today because everybody's talking the same thing It's all FTX and how they screwed everybody and how this is it first of all I don't believe that FTX was the lone perpetrator of all the problems that are out there. You kidding me There's other bad actors and Those bad actors played along in the game. So don't like oh, so I do declare I can't believe this happened to me. Yeah, they're all guilty. So just remember that Ah old bear good question. Is there a time frame for how long Voyager is back up for auction? Not for sure But if you check out DJ crypto, he's always on top of that stuff. So I don't know exactly when but Yeah, hopefully some more bitters will come along. I doubt it Charles has got a good question here When a token is transferred to ledger does the original basis follow for tax reporting later when it's sold? So Really, you're the taxable you have to understand it the taxable event is when you either Transfer that not transfer from all to all that's not a taxable event When you transfer one crypto into another crypto or you sell that crypto for fiat Or if you use that crypto to pay for a good or service, so you have to understand So as far as the original basis if you bought Bitcoin at 10k, right and you transfer to your ledger and it's at 12k Doesn't matter. That's just transferring crypto from a crappy exchange To your ledger which you are now well versed in now then if you tell your painter hey, Bob I want you to pay me a mural. Okay, it's gonna cost you 12 grand. Here's 12 grand. It's one Bitcoin Okay, you owe taxes on that to grand appreciation Or if you sell that Bitcoin and you get money in 12 down you owe $2,000 in capital gains tax or that short term A long term and that's the basis of it So it's the original basis for when you bought it to when you did something with it. Hope that makes sense and that's just in America I don't know how it works everywhere else Puerto Rico, it's exactly the same place Yeah, Aristotle says Rob. Maybe this is a lesson. We need no exchangers or big players bitcoins for the many and not the few Make sense to me, right? We all want institutions to come in Unfortunately institutions screw things up, but they can play in the game, right? We're not gonna exclude them for any reason if they want to come in and they want to purchase a Bitcoin have that You know, but I'll have mine. You'll have yours and everybody will be there. Also. I'll have mine a ledger Let me tell you there is nothing sweeter. Oh Sweet feeling when you see all the things that are happening in the background and things are collapsing And people get stuck on these exchanges and you just open up your ledger live And you just look at and you see you see those figures in there. You're like, oh, don't worry about that. Very nice It's very sweet. That's why I come on these shows and I'm not crazy Yeah, Corey says go watch Charles Hansen very from yesterday. I get it Charles thinks that it's all gonna it's all gonna go down I still think there's a reason why Charles goes to talk to the regulators He goes up to the Hill and he goes to talk to politicians. Why he wants to be a part of that conversation I'm pretty sure that's what Charles wants to do if he didn't go up there He didn't want to go there. He does whatever he wants to do I think what he's trying to do is educate them, which is a good thing. That's great. We want to be part of the conversation. I Don't see a problem with that Need your opinion on theta I could probably do well I just my collapse who knows I Missed the flash Fed meeting her JP was hawkish still do you still think we're another 75 base points in December? It's gonna be there 50 or 75. That's all I know and if it is 50 the markets will probably rally quite quite strong All depends on the CPI numbers though. I think we get another one before that meeting in December Michael says education is the key 99% of average person's clues by the project They only look at money sign X a thousand promoted by gaming Gaming chair influencers. This is this is true You don't really understand a lot of the different projects and tokenomics and utility in the team and the community Just they don't get it. That's okay, you know, you'll learn you'll you'll learn in one of two ways You'll either get super lucky which rarely happens or you get wrecked and you lose everything and Pain is a hell of a motivator. It's a hell of a teacher. That's it Now seriously Santa Raleigh could could happen would like to see that Jay seltzer says Rob, I still DCA, but now there's so much anxiety waiting for funds to clear before the drawing from exchange Deal with it or do you purchase crypto differently? No, I do exactly the same way you do it, right? But I'm still you guys remember like I'm still micro DCA 20 bucks here 40 bucks there, but then every Every day or so I wake up. I do the same thing I walk my dogs for an hour an hour and a half I come back have a big glass of water and then coffee do a little journaling and I pop open my computer Stick my ledger in there and start to transfer the crypto from Coinbase That's all I use right now from Coinbase into my ledger and that's it and You know, I might lose 20 or 40 bucks here and there if it if Coinbase You know drops at the face of the planet, but it's not gonna kill me. So that's it Yeah, I don't my best a ton Because I still think we got a long ways to go down. That's why I call I do what's called micro DCing I don't do it all of stuff John answer your question. I think they're Soul pulling a Luna or is there a future there could be a future there and everybody's dumping on Solana, but The thing is what do you want to get behind? Do you want to get behind more of a centralized project like a Binance coin or a Solana? Or do you want to get behind more of a decentralized type of project which has you know thousands of note operators and they can't say hey restart everything now Take that Nintendo cartridge out and blow on it and then reset. It's not how it works Just depends on what you want to do. I can't tell you what to do not your dad a favorite Has anybody information about FTX and vet connect club, I don't know what that what that is Square has been killing in the trad five world. Yes, trust me. I use scare of my I use we use square at our the volleyball facility we have and those fees They'll get you them striping will stripe and PayPal Conning von Prüben says paper walls are decentralized and free. It's very true very very true Ephraim says I believe in Solana If you guys looking for a great real estate agent, there he is a friend carry on here in Puerto Rico F rain. I miss you at the meetup do it next time This is a good one Rob, what's your personal price picture of Bitcoin 2030? I personally a 500k I think it could be somewhere between ten dollars and A million somewhere in that range. I'm pretty sure that's where Bitcoin will be MDM D says well, you can always count on sweat coin you sweat you get the coins. No, it's not. It's true It's true. I that's why I have talked about that probably all the time. You don't have to buy anything You just walk. That's it Let's see. Oh, no way Chavos has my funds cleared 24. Oh, okay. Your funds cleared 24 hours before FX FTX US shut down Which was interesting because Sam said we got no problems in US About Bitcoin and transfer now just in time. Thank you Rob. Thank you Efrains got a point Solana does not need FTX. That is very true Have you used BC vault? I have not. Oh, yeah, pumped up gaming here Rob He's Pascal once been rough. I don't know if you remember but I'm the guy trying to retire by the end of my 20 in the army Lost about what to do Um Just depends like I still believe in the four-year cycle So it just depends on where you want to go, you know, and how much risk you want to take If you don't want to be risky at all put it all in government bonds Get a whopping 3.75 percent of whatever else it is and T bills. Yeah Very simple You're not going to retire on that though But it is very safe ish and go from there or maybe you're like me. You're like I want to diversify I want to put some in crypto and I want to put some in stocks I want to put some in land. I want to put some in houses in real estate And I want to put some of my business just kind of do those types of things And then the percentage I'm not for sure I hope you can do it I still think that crypto is the biggest asymmetrical bet It's the bigger asymmetrical bet than anything I've got going even real estate. So Let's see Corey you folks ask questions about tax if you're going to say if you really should go read. Hopefully you aren't getting into info from YouTube We'll get a cpa on at some point Sam one smokehouse. Bicky says that's right. Great place Oh, no Rather you see crypto.com CEO coming clean on their balances and their e-transaction I'm going to guess that That ethereum that they accidentally transferred was Maybe not an accident We'll go from there Take all your crypto off of exchanges Even binance someone asked me even binance. Yes, even binance Binance already has and the CZ made it very clear in his twitter space. He goes we make money Which I thought was interesting. We make money through trading fees I was like, why aren't you doing like a bunch of you know, no Trading fees for bitcoin. So maybe it's all the other s coins that they're doing all the trading fees for And so that's where we make our money and I was like that makes sense, right? You have an exchange The exchange says we would like you to we will connect a buyer with a seller and a seller with a buyer And we will charge you 0.2 or 1.1 or 1.5 percent of whatever it is the coin base does and they make their money They make millions and millions or billions of millions of dollars. That's all they got to do keep it simple But yet people are like, no, we should do loans. We should do yield And then we should transfer it out and we should do some other stuff And here we are today I'm happy though Does ledger live work on an ipad? I'm not for sure I mean, it works good on my mac. I can that's all I say What hard walls do you trust? Well, I use a ledger. So that's all I really trust But I mean I hear tracer and oculus Something like that is that steel one is good, but I don't use them so I can't say much Ha Rob's consider ways of trending. No hate haven't my consider views trend When everything collapses the next bull run I will be called a moron and an idiot For saying things i'm saying to you right now because I don't understand the new way of things that are done It's like, uh, it's like warm I'm not it's it's like Warren Buffett. He gets made fun of all the time. Have you seen uh Berkshire Hathaway's shares how what they're doing? They know what he's talking about. Oh, I got you Oh, great ricky bobby says everyone saying the four-year cycle is dead and crypto going to zero We have to be closing the bottom when that when that happens. That's when I will be buying more, but we'll see Ah, this this is the same julian says i'm investing in crypto since 2019. I'm almost back to score one I wish I took more pros on the way but never did rob is right take props when he came. Yeah Remember that white paper we took a look at for bitcoin Very very simple laid it all out for us very nice, you know and said uh and said this bitcoin Is Is a purely peer-to-peer vision version of electronic cash It's to be sent directly from one party to another Without going through a financial institution. It's used for online payments That's it Is there anything in there that says don't take profits or don't use this for the currency that it's supposed to be But what's the here's the here's the thing what's the difference between taking taking profits are going you know what I want to buy that Arcade machine Or I need a new I need a new Um refrigerator mine just broke. Do you take bitcoin? I do not take bitcoin. Do you take cash? I do take cash. Let me get some cash. You take that bitcoin. You just transfer it into cash. You give them the cash What's the difference between what the bitcoin white paper just said? He's had to do an extra step I'm just saying uh, what about swissburg good guys? I don't know. I haven't seen alex's brother forever Crypto color says sand one smoke house is only 1100 miles from here. Let's think about it But I don't think I can swim that far It's okay Ah gone go up says binance makes money through love a train. That's true. I do love the training And me and in phy x1 u5 are on the same page. Honestly, I'm glad this purge is happening I am too because it gets everybody's mind straight, right? Everybody who's here now We'll remember this and it's up to you Well, it's up to us to remind everybody who comes in after us to say why do why do I why do I have to use cold storage? It's so much easier just like my bank to put it on this exchange Just leave it there do the things and you're going to tell them I'm going to give you three reasons And it's a voyager Celsius and ftx if you've never heard of them. It's okay because the year is 2027 or whatever it is But they all collapsed Just like when we hear about mount gox like yeah, yeah that That happened a long time ago and now here we are again So we are going to be our brother's keeper Martin says Wall Street Journal just said that Alameda were inside trading tokens before the list them in ftx Shocker highly illegal in the securities world and these guys still lost 10 billion dollars. Yeah What you're gonna do Bicky doing good work here bitcoin white paper. Thank you Ah, Toby says uh ledger live works for good in an iPad fantastic Chris Carter says what happened all the soul that was unlocked. I don't know I guess it didn't drop as much as we thought it was Ah, I didn't know this either see I can't use Binance us Maybe I can now because I was in Texas, but I can't use Binance that I know I'm in Puerto Rico now if you use quick trade on Binance us. They charge crazy fees interesting Well, I mean, that's okay. That's that's the market, right? I mean, we know that that's what we signed up for That's how they make money. I'm okay with that Ain't it looking pretty good Sweet I want your show The day that I put out the video on Celsius. I missed it. That was my fault. I should have Put out that video Because I had got back late. I should have done that night that I got back from consensus shout out to simon u for Who is the uh founder of Stormx for giving me on the right path for Celsius. He's the one that told me and you know what's interesting about simon u is that he put out a tweet and said that uh when he talked to all of his inner circle of crypto insiders Asked about fcx and they all said the same thing. That's just fun. That's not the reality yet Even those guys didn't know Mr. Wonderful didn't know scary moochie didn't know tom bray didn't know joseph boonshin didn't know well joseph but amazing how How many experts are out this? You know what even is more more amazing to me is that you had like these These experts which i'm not throwing shade I'm sure i'm sure the books look different and if there was fraud there was fraud but You know cz bynance took a look at the at fcx's books in 24 hours. He goes nope deal is dead Now was it? yeah Well in in medicine, it's uh, it's the same thing learn one do one teach one So you learn something right and you actually perform that aspect whether that be a surgery or Whatever and then you teach it. So it's the same thing here I need you guys to learn how to use a ledger and the importance of And what's a private key and a public key and and how to transfer things off again You can find that dandy just crypto in module two safety 100 free 100 free And then once you're done with that, I always say this I want you to to learn it and then tell two people That's it What bit boys channel just got nuked. Oh, no I'll be back. I don't know if I got nuked with something or if it's off the air Swamp which says I was waiting on whitelist approval when celsius corked us Dolphins beat the browns. That's good to know Let's see Has a spear and fringe like the elevation needs who are It's ledger like i'm gonna use yeah It's the app that used with the ledger and I show you how to use ledger live the app and how to update it Without sweating bullets Should I collect morata? That's up to you. I do but that's man. It's me. I don't feel them. Don't feel dumb There's a lot of it's all learning process What are you gonna and uh, that's how it goes. All right, I think answer everybody's question. So Uh, look, that's the whole thesis for today. I think things had to happen They did happen and uh, we're right where we should be I think we lost a little bit of our way and I I did a Twitter thread on this one I said how You know, it's amazing how like we we started to kind of lean towards the old traditional finance ways of doing things And we just saw how bad that happened. We need to get away from that. We need to go through a trustless decentralized finance system which is really built for all of us and not just include the small Or the one percenters and that's what it is So I'm going to be you know rebalancing my portfolio to support those Projects just like that and that'll be that and that's all so look But if you haven't hit this the light button, I don't know what else I got to do But if you would do that that would help out tremendously And that's it for today subscribe all that good stuff. Hopefully youtube will notify you fat chance But we go from there. Anyhow, that's it for today. Thanks so much everybody Appreciate you and I'll see you guys on the next one. Adios