 Ah, yes. Well, this is encouraging. Gas fee fees, my man. Back again, Celsius is moving USDC onto the platform. 10s of millions, that's great. That's my favorite stablecoin. I know people say, why don't you use Tether? I don't really trust it. Just don't. USDC, like the fact that Alstair, Alair, CEO's name, but he went before Congress and said, look, we're back one-to-one to assets, dollars, you can check all the different paperwork. It's all right here. Here you go. And we're all backed up and we're in compliance. So let's just move forward. I'm like, I like that. And of course, I mean, Tether did that too with a accounting firm out of Barbados or something. Sure, I just don't trust him. That's all. Beyond advice, these are the times, whole coin is made, it's very true. But I think in all honesty, I think whole coiners are made not like today, like over a long range of days. And that's investing. That's just how it goes. And not like a ton. Like you get, if you're a baller, you wanna put a thousand bucks in every day, go right ahead. But just know that there's gonna be some big, big losses. And then this was, this is my Cardano. Remember, and see, like, look at this one. In 2018, Cardano was like seven cents or 10 cents or something like that. I was buying 25 bucks like every couple of days. Imagine, and then when I went to three bucks, whoo, good days, good times, good times. Oh, those are good times. Way back when. Let me guess, he's gonna get on here and say, only investors can lose all cause average. Tony, you must have heard my spiel many a time. That is exactly correct. I've been able to increase my Bitcoin position only 50% just the last few days. It's fantastic. Again, one Bitcoin is still equal to one Bitcoin. One Ethereum is still equal to one Ethereum. You can sell, just depends on if you wanna take profits or if you are in profits. And then you have to think about, well, what about capital gains tax and all those things? Or do I just hold on to it? Everybody's different. I was talking to this gentleman on the day, Jason, went on and played volleyball. Great, good times. That's why I'm all burnt. And we just talked about how there's a wide swath of people who listen to the channel. Some are very young people who are just like, taking their stimmy checks and going, I'm blowing on this. And that's it, but they don't have any other massive income coming in. And sometimes they get overbought into the market. Then some people, doctors, lawyers have a lot of liquid money and they buy too much too. So it's not like just because you have an economic status or how much you make per year, you don't do goofy things. Everybody has to understand where they are in life and how much they actually need as far as the pay for the basics, like your mortgage and your car insurance and stuff like that and diapers and the kids and all those things. And then, you know, through the investment things. So exactly what Tony said, exactly. My greed says, my brain is like this is not the lowest angle. And that is a thing that we all struggle with. There's two things that we struggle with. There's two things that I struggle with. Maybe you struggle with this too. One is I'm like, this cannot be the lowest. I still think it's gonna go lower around 15K. So do I just buy today? Or do I just wait till it goes to 15K where I think it's gonna go? And that's the thing where I remember, Rob, you are not that smart. So just make sure that you buy dollar cost average. And if it goes up, great, everybody's happy. And if it goes back down, we'll just add your dollar cost average in those days that you've already designated. And that's it. And then you have to think to yourself, oh, well, I gotta do it at this point or that point or that point because whenever I think I know exactly where the market's going, market does the exact opposite. Okay. It can easily go down to 8K at this point. We haven't even started tightening in rays of rates and Bitcoin is already 70K. Think about all the liquidations about to happen. No one jumping in it. And again, there's the flip side. This is why I starred these comments as we were coming in because they were two, two sides of the same coin. On one, you're like, I gotta buy. On the other one, it's like, but wait, we're gonna do quantitative tightening. The Fed's gonna come out next month. They're gonna raise points again. C-card numbers are gonna grow and probably go higher. And if you think inflation is already maxed out, maybe, maybe not. And that's true. And the Fed might never pivot until 2023. So if that's the case, then everything will go down. And this is the problem that you have. And that is why, again, I'm not smarter than the market. So I just buy along the way and I wait. And I'm patient and that's it. So hopefully that helps. Ooh, hey, Jason says Bitcoin is up to 18.5K. See, look, there you go. And even though it went up to 18.5, that doesn't mean it doesn't go to 14K tonight. Remember that. Ah, planet raise. I don't care what the price of the day because 10 years could be one million a coin. Like Miles said, this is a good deal. That is right, planet raise. Exactly right. Ah, that's good. Then take these around the bottom as one's Ben. Ben and you removed James from DCA show. It's on both of you. Everybody on the DCA show, there's always gonna be people, like you're on my channel, so you're probably reasonably like what I have to say. So you identify it with what I'm saying. And then James channel, which there's a lot of overlap, honestly. People love James on his channel. And then I'm Ben, people love Ben. When we're all three together, there's always that like, why do you hang out with that guy? Or why do you have that guy? The reason that I like to be with both of those guys, the difference of opinion to show you where we're all going. Me and James do not agree on that stupid Bitcoin ETF. He thinks it's coming. I'm like, there's not a chance, it's no ball of chance in the hell that's happening. And some other things. And I'm like, but that's just what it is. And that's why I can't be in an echo chamber because if I am, then I'll never improve. That was good. Yeah, yeah, yeah. Oh, this is a good one. Hold on, who said this? I'll get to your question in a second. Matthew M, it's a great question. Damn it, it went away. So there was somebody. Well, let me answer this question. I'm gonna do some in the background. So Matt says, this is a good question. Here I'm heavily and I trust capital and a reason to be concerned with them. Maybe have them on and show they can weather this. But you know what? That's a great, that's a great suggestion. I'll write that down right now. Get I trust on. So the thing with I trust, do you have to understand they're not in the goofy DeFi business. They're not here to like go into anchor protocol and then yield farm and try to get this crazy 20% yield. That's not their thing. It's not what they make money. But they make money is the transaction fees and they just have custody and they have the same custody institutional grade that Coinbase uses and then curve, which was sold to PayPal, whatever it's called now. So for them, I don't have a problem with I trust. And we're talking about I, Jesus Christ. Let me bring it up. Cause this doesn't make any sense unless I show you. Ha. So I trust is the Roth IRA. It's the one up here that I'm always talking about. So Roth IRA, this is how, I guess no Peter Teal PayPal founder, billionaire investor. This is how he's going to pull out $5 billion tax free cause he put a bunch of his PayPal shares into a Roth IRA, a back door Roth IRA matter of fact. And when the PayPal shares weren't worth anything and of course they accumulated over time until over $5 billion because it's in a Roth IRA when he pulls that out at 59 and a half years of age they will be worth a ton of money but he will pay 0.0% in capital gains tax. That's the same thing with I trust capital. And the thing is they used to charge 30 bucks a month plus fees, they didn't weigh with the monthly fees. Now they just do a cryptocurrency transaction fee of 1%. People are like, oh Jesus 1% but look, people got to make money somehow. So that's the one. And then where is the, and then this is where I also keep my gold and silver as a matter of fact, I will find it. Ooh, songbird token on I trust capital. Interesting. And they got a bunch of different cryptos you can, you can get into. Ah, there it is security. That's it. So the same one that sailor is using coin based custody. Sorry, let me get this out of here. It's the same one that I trust capital is using. So I don't have a problem with that. I would have a big fat problem if they were doing DeFi I'd probably take everything out but they're not doing that like other people were doing. So I'll have to answer your question. And then Bazinga X, I can't pull your super chat up but this is what you asked. What are your thoughts on Chia XCH? Is it actually going up last week, almost $20 today at a 30 today? You know, she is the same one that CJ was talking about a long time ago. CJ Rykel, I don't have, and Bazinga I'm sorry but I don't have any information on Chia because I don't know enough about it. Look, I'll tell you guys what I know and I'll tell you what I don't know. I don't know anything about Chia. So I can't tell you my personal opinions on that one. Sorry, Bazinga. That's that one. And then Silicon Valley Stoic Super Sticker, fantastic. Two bucks, I will not spend that all in one place. Yeah, Ben James and Robert the dream scene. I'm going to get Celsius liquidated. Well, thanks. Curt, not exactly. James is a good guy, you know, does his best. Oh, look, we've all lost a lot. Any fears of bitru have shown up for the flare drop. Bitru's not on my radar and the flared thing is definitely not. But that's, I think it's the air drop. Is that the flare drop that's through XRP, Ripple, that type of thing for smart contracts? That's the case, it sounds good. Ah, there's Bazinga. Hey man, I don't trust. That's good. You know what, Richard says it perfectly. Here's the golden rules. One of the golden rules is, treat everything as a scam until proven otherwise and you'll be a lot happier. And even the things that I say, you can't even trust me. I look trustworthy, but I could be a huge liar. So everything that I say, double and triple check. Makes things a lot easier. Don't trust people, this is true. I need some. I hear you there. I hear you there. Oh yeah, this is a great question. Rob, do you have a ledger? I have like five ledgers, matter of fact. And here's one of them right here. I think this is the X, very nice, very sleek. But yeah, these things are awesome. Some people like a Trasor, I just use ledgers and they're pretty good. And that's why it's when you take things off of, and then that's one of the other, I gotta write this down. There's five rules that I need to come up. I have, I just need to figure out the graphics of how I put those right here. Sorry, I gotta hide you, Chris. Where it says, Dan will never contact you. There's five things. Everything's a scam, no leverage, no leverage for traders. Don't use leverage. That's one of the rules. Zero, 3% on any centralized exchanges, take profits and then just realize that whatever you invest into, it's probably already gone. You'll be a lot happier. Those are the five rules and it could help you out a lot. Yes, sell, take profits. Nobody ever went broke taking profits. Yeah, what other dominoes could fall with 3AC and Celsius going down to see many major VCs going out? Yes. Yes. And actually I was talking to Simon Yu from StormX and he's like, this is why they, he said we used VCs in the beginning. He goes, we will never use VCs again. He goes, we'll do different funding. He goes, but these venture capitalists, they want large equity and then they cash out and they just dump on people. And that's why we talked about this little gem over here. No, this one. So look out Avalanche, Ethereum, Kusama, Mina, Nira, Polkadot, Solana, Terra. Well, that's done. Ave, Ardana Balancer, you can read. All these projects have a lot of unlocks coming up. And if that's the case and people need liquidity because of 3AC, then I will not hold them. That's all I can say. That's it. Yeah, exactly. No one bets a thousand. Remember, the guy talking to you right now said that Bitcoin was going to 150K. Did that happen? No, I told you, Voyager, VJX was going to $30. But to be fair, I did call that one as a 29 cents. It didn't go to seven bucks. I did not hit 30 bucks. I said, Cardano was gonna go to $3, which it did. And I thought I was gonna go to $5 and it did not. I've been wrong. No one's perfect. That's why I just tell you like, this is what I do and you make the best decision because you're probably smarter than me. Yeah. Thanks, Kermit Zafrag. No question, just keep doing what you're doing. Thank you. Super sticker. Thanks, Bob Parr. Pel, Tel J. Powell, Jerome Powell stuff. He watched the show. I mean, I tell him every day, but he just got it. He has to invoke Volcker and say, I'm gonna get rid of inflation, which let's be honest, he's pretty much doing his job. He's just doing a little bit late. And I don't, I do the same thing. In all honesty, the last Fed meeting, I would have raised it to a full point. Ripped the bandaid off and get it over with. And then that way I can be sure that yeah, it's gonna crush the economy, the Wall Street for a little bit. Those guys been living fat for a while. That'd be okay. Crushed it for a bit. Inflation goes under control. Set a raise in 7.5 or 0.5. I just go, you know what? 0.25 and go that way. And then people would go, oh, wow. Rob Powell just got everything under control. This kid. Yeah. That's a good point, Mitty. Never leave your asses on exchange, seasail. See, this is the thing like, like everybody here, you're all not tourists. You're all veterans of the game already. So like the things that I say, what is repeated? But it is, it's good to do this again and again, because even when, because here's what's gonna happen. We're already mentally prepared for the big dump, the big crash, and it's gonna go down. Or maybe it won't, who knows? But if it does, we're there like, okay, fine, that's it. I'm not gonna sell, because you know, either I'm underwater or I'm just gonna wait for two weeks. I have a five year, seven year, 10 year outlook. I don't care. That part will be okay. The next part we have to start to prepare for is the next bull run, because I know what's gonna happen. You guys will be like me and Blake. And this is what I did in 2017. I thought I was a genius and I didn't sell anything because I was accumulating. And then as time went on, all that accumulation I did, I have to start selling at some point. And it's not diamond hands. So that's the next evolution of what we need to get ready for. Right now, I think we're all ready for the big dump because you're all here. I mean, my Nick for life, sure, it could happen. I don't know though. I don't know. Cause a couple of things give me hope. I talked to some people behind the scenes and the scene's pretty positive. And then with Simon Dixon coming out and saying we have a restructure plan, that also seems pretty good. And I think there's other people behind the scenes looking too, because they know that, in all honesty, if Celsius goes down, cause 3 AG is gonna go down, or 3 AC. So not everything can go down. I think maybe hopefully they'll, people will rally around them and start to bail something out, like how the markets should operate. They bail them out a little bit, or they let them die. But if they let everything die, then it's gonna be pretty bad for a little bit of time. But again, is that so bad? I'm just saying, I'm just throwing it out there. Is that so bad? All right. If you sold your crypto in the US DC and deposited on Celsius, and now you can't get your money back from Celsius, why are we expecting you to pay tax in the original sale? Next round, here's the bad thing, Michael Hayes. The IRS is still gonna want you to pay that back and that's gonna suck. You can claim those as losses. Unfortunately, they passed a law two years ago, or three years ago, I forgot which one it was, where they said that you can only take a maximum of $3,000 loss per year. So if you lost 3,000 bucks, hey, 3,000 no loss, no big deal. But if you got 150,000, 500,000, 10 million, it's gonna be tough unless you get that back. So that is the thing. And that's why I'm kicking myself because damn it. Like I did that video on Sunday and I told people to behoove them to take all their crypto off of Celsius. That was Sunday, like 11. Then nine hours, eight hours later, they shut off the withdrawals. I wish I would have done it at least a day before, but here's a great question. I'll say this again, you still have Celsius alone. No, they liquidated me. So, but that was when I was in Europe for Coin Bureau's conference. It was a fun time. Got to meet Guy and the gang, a bunch of cool people from Gensokishi and Swiss board, good times. And when we were traveling, cause we stayed there, we were in London. And then we went to Italy and France and the wife. I just got kind of caught up with things. And I kept getting margin calls because that was the time when it was dipping again. And Ethereum, once I went to 2,200, I was outside the margin, they liquidated me. And I got an email like, like I just wasn't checking. And I was like, crap, I got liquidated. Well, nothing can't cry over spilled milk. That's what it is. Told my wife and she's like, well, maybe you shouldn't have done that. It's like, yeah. But in all honesty, so I get liquidated. They returned the Ethereum that wasn't, didn't have to be liquidated to cover the amount that I had taken the loan out for, which was sizable. And I took that Ethereum. I stuck it into, I did a swap into Bitcoin. I took it off the platform. That was it. And now I'm looking at Ethereum at 800 bucks. So in all honesty, not too bad. Me and sales is right today. I will just warn you, don't get married to anybody. I mean, don't get married to any, don't get married to any investment. It's not a good look. Sell shorts, who's what do you think? There's been some rumblings on Twitter and Reddit and places where people are saying to buy the Celsius token to squeeze out all these people that are gangster style trying to shut down Celsius. And that could be an option. We'll see how it all plays out. I don't know. Harley, you're right. So it was, it was like 90, 95 when we were playing today and then right now it's, I don't know, 98 degrees, which is like 38 Celsius, I think. And of course I'm in here and people think, oh, that's a cool pool room. Must be so nice. It's not, I mean, it looks nice. It's hot as hell, but this is my office. It's been in my office for like five years. And it's like, like being out here, but some days it's super hot, okay. Who do you think is trying to force Celsius to liquidation? Well, I would love to tell you, but I don't wanna get sued. But all I gotta say is just look at the people, because Celsius was in an agreement, was in a preliminary agreement potentially to help bail out Luna. And they were in talks with a bunch of other individuals, big corporations and stuff. And they said, nope, because we're gonna protect our community because that's gonna go down. We don't wanna deal with that. And then the other ones held the bag and they probably got pissed off. That's just a rumor. And I, just follow me on Twitter, you can see it all there. Do you agree with Bennett, all the dump after Bitcoin? I think the Alts have already dumped a lot. They have dumped even harder. So if Bitcoin's dumping, usually the Alts are dumping. Everything happens, like Bitcoin is like, everything follows the heels of Bitcoin, right? So Bitcoin goes up and it sits there. Then of course, like it might come, and then of course the Alts will come up a little bit and you'll see like this cascade effect. And that's just how it goes. So I see Alts will get hurt more so because do you really wanna put your money into energy web token or something? I'm just saying, I don't know which one it is. Or would you just say, well, Bitcoin's been around since the beginning and there's a lot of institutions and MicroStrategy is holding in and we've got investment legends that really wanna get into it. When should I just go like, that's the least risky of the riskiest asset class I wanna put it into and go from there. Proof of pool never gets good. What do you think of XRP? I think XRP is gonna do great as soon as they win that lawsuit. We'll ripple and that's common. I think they'll win, yes. Rob, don't you want people to ask you a question rather than trolling James? Trolls are gonna troll. That's what trolls do. I do it for the trolls. I trust Rob. Don't trust me. I could be just another liar out there that doesn't tell you anything. Don't trust verify. But I appreciate it. I have a good CPA. You're gonna need one planet. That's good. I got a great one too. Where's that article in Celsius? In the description. So if you, in the description, they'll say today's stories. It's like number, sorry, number one right there. Oh, this is not good, shoeless Joe. Rob, if I bought Bitcoin at 20K, where do you think my next buy should be on the dip? I don't even wanna talk about dips anymore. What I wanna talk about is the dynamics of the market. This is what I truly think. It all comes down to the Fed. Once the Fed did quantitative easing, what happened? Everything just took off, right? The stock market just went ballistic. And then of course, the narrative was, oh, well because they're printing so much, people don't want that. They wanna get into Bitcoin for the store of value play. That wasn't the case. Just that more people had more money and then they put into Bitcoin. Now that we see quantitative tightening, which really is just gonna start is in the early stages. When the rates go up, you have to understand that affects the entire economy in negative ways because they have to tamper down the demand. And that's not going to stop until hopefully the end of this year. That's why I say 2022, 2022 is a wash. That's my personal opinion. Until the Fed goes, okay, we've got, as soon as they say we've got interest rates under control and we're going to slow down on some things, that's when things take off. But until that happens, it's not going to do much. And we're gonna see some sideways action and things like this. And of course, everything gets accelerated because everything's becoming insult, not everything, but people, these places are becoming insolvent, like three arrows capital and a bunch of other ones. So that's what it comes down to. So to answer your question, 20K, I can't tell you where you can keep dollar cost averaging because you never know, that's what I'm gonna do. But as far as like going heavy, heavy, heavy, heavy, you just gotta wait for the dynamic to change. And also another big thing to look out for is the gas prices. The gas companies, they are gouging us. I believe they're gouging us. There's a profit margin. So just because they say, well, we need to raise prices because the barrels of oil increase, but the barrels of oil price didn't actually increase, actually came down recently. So the question then is, well, why is the price of gas going up? Because they're saying, well, we have this refinery issue and we have this transportation issue. I'm like, well, the refineries are still there. I don't understand. Again, I think it's just a little bit of a gouging. It could be wrong, but just also pay attention to gas prices. Cause once that goes, it'll be a good indicator. Ah, what do you think your chance of Celsius making it right? I can't, let's say, I'm cautiously optimistic that they can do things. I think if it does, if they do make it right and they do allow withdrawals, I think it won't be for some time. I don't think everything goes away. I think the money is still there, but two things. I think not all the money is there. Obviously they must have lost something or it's locked up in a certain percentage. So maybe 80%, 70, 80% is still there. And then if that is the case, then of course the timeframe has to move forward because there may be some legal implications. And they say, okay, maybe in a month or two, they say, okay, now you can withdraw. Unfortunately, it's only this. And if it's Simon Dixon talking about it and he says, well, we're gonna give, they might do it just like they did with Bitfinex. Well, they offer you some kind of security token and you can redeem that for a certain percentage. I'm not for sure, but it's probably one of those two things. Less than what you had and a couple of months to get it out. That's probably my best guess. Whew, James Conn is good. Who's high as a kite? But well, that wasn't convincing, I must admit. No, I'm just super hot and super tired. James, I just told you. It's a link in the description. Here, I will put, I will post the comment for you. There's a link, I just put it in there. That's the link to the Celsius article. I don't see a Lycon or XRP on there. All of you poor Chris McPhee. All you poor crypto YouTubers are so under water, it's just said. Now, see, the thing was, around November, December, I wanted to get this nice property and unfortunately I couldn't do it without selling some crypto. So I sold a bunch of crypto and best play I've done so far, didn't want to do and that was it. Then also, there was a video I made about two or three months ago, it was called Sell in May and Go Away. And it took a look at the old adage from Wall Street and how correct it actually was. And it took a look over the last 70 years in multiple countries for multiple different markets. And it showed, for whatever reason, these cycles. And the cycles actually became out to be true. You sell in May and go away and then you come back in around October, on November. And that's, I sold a bunch, not a ton, but enough to say, I'm okay, but you have to remember, Chris, is that, let me show you this. So like Cardano, like I was buying Cardano at $0.789, 25 bucks a pop every couple of days for three years. And then for Ethereum, I was buying Ethereum at 100, 200, 300 for again, three years. And then for Bitcoin, I was buying everything from, unfortunately, I did buy it 10,500, 12,500 and 70,500, but not that much. But for the next three years, I was buying at 8,000, 9,000, 4,000, 5,000. So we're not all under water. And also what I did was I transferred those, that crypto and other assets, which would be land, real estate, the Amazon business and the sports complex. So those things I've talked about on this channel for ad nauseam, that's it. But that just goes down to take profits because you're not gonna go broke taking profits. And that's just what it comes down to. I hear Ben got his chairs liquidated. Ben does have some nice chairs in there. Why did James never trash Cardano on each channel? Because James knows that we like Cardano. We believe in Cardano and we like what things are going on. Some people hate it. They say it's a ghost chain. I gotta tell you, don't they have a Dex? Don't they have DeFi? Going to get the stablecoin rolled out. Don't they have NFTs? What's the difference? The only difference is that it's way cheaper than Ethereum. And they have metaverse plays and played our gaming. Well, cornucopia is when that comes out. All right, David says it perfect. And that'll be it. Guys, it's okay. Do a little smiling. It's gonna be okay. And trust me, I feel your pain because I did this the same thing in 2018 when everybody told me things were gonna go to the moon and diamond hands and it's gonna be great forever. Bitcoin to a million didn't work out. But what did work out is time. And if you're here for a short time duration, it's in here a day trader. I mean, you can day trade. If you're short time duration, I'll just leave it that. It's gonna be tough. But again, if you have an outlook like I do, three, five, 10 years, doesn't usually looks pretty good. And that's why I'll probably still be here as long as I have my voice. That's it. So look, thanks so much for stopping by. I do appreciate it. Like today's video, give it a thumbs up and follow because a lot of people talk about our time sensitive and that's it for today. So thanks everybody. I do appreciate you. I'll see you in the next one. Adios.