 Hello everybody, welcome to the somewhat late Saturday live stream so welcome We're gonna talk about some interesting things that are going on in the market Which I think we all know about but it looks like there's a little bit of a a pullback or a dump or whatever You want to call it but it is interesting right now because you know as we get into these these bull markets and seem like there's There's so much natural exuberance which happens with The markets when we get into enter into the bull stage everybody's so Enthusiastic and they think like okay this time is looking pretty good and we've even talked about it I like this time is a little bit different But it's always the same thing repeating over and over again There's always gonna be people who want to take profits is always going to be ups and downs is always gonna be pullbacks and dumps And there's always gonna be corrections and essentially at some point is gonna be crashes. So just Be aware that that was what's going to happen. So today Had another quite a bit of a of a pullback dump what I want to call it. So bitcoins at 66 to and It's interesting because like once we hit the Bitcoin all-time high It seems like we cannot stay above it in the last 24 hours down 3% a theorem is down tether The stable coin is down, but I mean tether whatever VMB is up a like pretty well actually 23% for the week Solana's doing pretty good for the week But not for the I guess if you want to be technical not for the last hour It's down point 1% boohoo and everything else is kind of down avalanche's looking pretty good ton coin for the week But a lot of red a lot of red a lot of red and a little bit of rallying but I've been watching this for the whole day and it seems like this everybody gets like a little bit excited like Ah, look, you know hadera is up 0.9% for the hour But that doesn't last too long and then people start dumping and then over the last 24 hours that's why everything and red starts to go up and up and up and There's a lot of these different mean coins are actually getting slaughtered. So just remember that's just how it is But what I want to talk about today is Because there's there's many reasons why this could actually be happening Some people will say well the options expiration just is coming up And of course there's gonna be manipulation and it's just normal progress of what's actually happening Also, there's a little bit of a slowdown of inflows for the ETFs and of course we can make the case for all these things, right? But as in the end of the day really what it really comes down to is number isn't going up and the math ain't mathen That's what it comes down to so there is one Kind of concern I had and we actually talked about this coincidentally almost a month ago and we took a look at What the all-time high was the previous cycle to the next having and I gave three examples We took a look at 2013 all-time high to the next having which would have been 2016 Then we took a look at the all-time high in 2017 the all-time high We're just 20 20 and then we took a look at the all-time high in 2021 To at that point where we were at in the cycle as far as to the all-time or to the Next having which would be roughly April 20th 2024 and we took a look at it and it was interesting because like on 2013 the high was $1,000 one and three two dollars and to the having of the next cycle It dropped 42% and of course then that was the next cycle of of July 2016 July 9th, and of course it went from six hundred three dollars all the way up to almost twenty thousand nineteen thousand seven hundred the next cycle we saw it go from 2017 high nineteen thousand seven hundred dollars and Then to the next having it dropped 56% was quite a bit and then what we did if we took a look at we said, okay well How are we looking at this point again? This was a month ago. This is February 18th, and I said you know we are and I talked we talked about this I said we are way over over schedule We were way over schedule because we're only we're only at a 23% drop and then actually I updated it To March 2nd we did another video and I said hey, we're only 8% away, and of course we all know what happened after that March 5th or 6th or somewhere on there We hit an all-time high right which was very odd because that's never happened So again, 43% 56 23% that's interesting I found it like okay We're way ahead this might be a good time to and we've even talked about Doing lump sums and a dollar cost averaging which was a little bit risky for me I might admit because I don't really talk about lump sum But it seemed like a right choice and I mean so far it's working out, but but but but There's something that's that's odd right now and like I said in the in the intro It's very it's like we just can't seem to hold on To our all-time high and Of course what I want to show you is that once we hit our all-time highs For the cycle we don't go back until we have the monster Drop the monster dip which should be usually a year afterwards. So again in November 2020 we were rallying and everybody's excited I remember this time was so great because we had just gone through like COVID and We had seen we had seen like a Bitcoin price of around $3,000 we had seen a theorem like $100 or $200 somewhere around there We had seen Ada at three cents. Oh, it was a it was a it was one of those days where you just you were like man I don't know if it's gonna keep going down or not But I'm gonna keep buying because you know I have a hunch and you know the hunch work usually worked out Well worked out at that point But once once we get to this all-time high from the last cycle and we crossed it December 16th Because we had 19,400 December 15th and the 16th we rocketed past at 21,000 Oh, that was a great day. I remember that and this was around the time I think when Tesla came out and said they're going to start accepting Bitcoin For payment for their vehicles somewhere around there, correct me in the comments section I that could be wrong, but once we go above that all-time high from the last cycle. We don't stop. I Mean we have little pullbacks here, but a pullback that went to 38 the whole my god 40,000 down to 30,000 like okay. That's a that's a that's sizable. He got me on that one, but We didn't go down to 19,700 and we would not go down to that and we went all the way 2021 All the way through here even this nonsense when people were talking about Extended cycles and super cycles and stuff that I could kind of see their rationale but that didn't really work out and It just nothing happened and then of course here we go to November and And we hit a high of 67,000. Let's just say 67,700 remember that number 67,700 that's what we're gonna go with and then of course we dropped off And we came up here and we dropped off and we dropped off some more and we didn't go below the previous All-time high from the last cycle until June of 2022 it was a long time so we had our whole rally. We had a whole what is this a whole year? Actually a year and A year and a half and we didn't we didn't touch it again. We were just off the race. It was great Everybody's happy now check this out. I think you know where I'm going with this in the last week Well, I can't say that we came up to 67,700 dollars was it March 5th? Yeah Well, no, I was wrong 66,700 March 4th So we passed our all-time higher on March 4th. Everybody's happy right grid times had by all everybody's ecstatic great And then what happens? Well, of course people take profits And we went down that's one And we're like no big deal you're gonna take profits. Let's just it'll go back up again and it did And of course we go over the all-time high again, and then what it do dropped again. That's two went to 60,000 I had no big deal it'll as Jim Cramer says Kept find its footing and of course it did and I almost hit it again, but it didn't come over here now we go above the all-time high and We keep it and we keep it now Go over here Drops again come over here, and there's three We go above it There's there's four and then we're doing this again, and then of course today where are we at where it's 66,700 or two That's five. So we've lost the footing five times Five times. We've done that and of course people will say like that's not a big deal It's just that's just how it is it is but it's just kind of it's just an odd thing because we never never been here now Does that mean that this is the end and of course? Crypto market is doomed to fail. No, it's not It's just an interesting fact to take a look at About what's going on in the background. However, having said all that and taking a look at these nice things It's not just Bitcoin the altar getting crushed And I put this tweet out and I said hey, good morning The L2s are crushing it today. Of course. I was just kidding, but I said hey, what happened this Deng Kun upgrade I guess it's a sell the news event and this was in the morning I don't know how far down polygon is right now, but you can see That if you just take a look at the L2s, well, I just take a look at the L2s. Why don't we? Yeah, come on do my let's go to Categories twos And if you don't know how to if you ever go to coin gecko go to categories you can Instantly sort this stuff. It's very handy dandy to have this stuff that your fingertips So, yeah, I mean polygon really wasn't affected by the Deng Kun upgrade It's a it is a side chain and it does have zk roll ups So those those dynamics of L2 but for zk roll ups as I understand it correct in the comment section It's the Deng Kun upgrade wouldn't really help that but for L2 that's supposed to help them In some way shape or form I'm not a developer anyhow, but in 24 hours you can see that. Hey, what happened to subcrate? Well down six percent optimism six and a half mantel six point four Arbitrum one of my favorites great team good guys 7% 6% Manta I guess hey Metis so on and so forth see I mean you get where I'm coming from right it's just interesting like you know These things happen now could be a buy the rumor sell the news type of thing and that's fine That's what it is, but that leads me to my next point which is I'm gonna steal Ben's information. There's a great part in his website Talking about does it bleed because sometimes we we get too focused on what's happening the day-to-day Because it's fun. It's interesting to talk about But I think it's important to really zoom out and just see where we're at and the grand scheme of things So there's this point on his website if you just check it out for honor under the crypto section Just type in bleed as a bleed and you can pick the standard of what you're comparing things to I'm gonna compare this to Bitcoin So if you do Bitcoin to Ethereum Over a max amount of time it'll tell you over here like if it's bleeding well in the one day Yes in the one week. Yes, it's down six percent one month. Yes negative one in three months No, it's actually if you would have been buying for three months You would have been up if you would chose an Ethereum over Bitcoin But you can see that for quite amount of a good amount of time even up to two years You're actually not doing a great job picking Ethereum. I think we all know this right But if you had done three years four years five years, I mean if you got in if you got an eight years ago You're up 78% congratulations But yeah, that's that's a theorem and not that I'm not gonna do I have a theorem I own a theorem I own optimism my own arbitra mine all of stuff all of it. I don't wait too much actually Let's take a look at some other stuff. I was like doing this. How about BNB? I Don't really care so much about this part here, but I'm one of them. What I'd like to see is this beauty over here More green dots you have The more that you were actually up if you just would have gone to BNB look at this one week You're up 23% one month 30% again against Bitcoin. You can compare this against anything else You want to three months six months one year and two years. Yeah, you got me on that one But three four five and six you're actually up 700% But hey if you were doing that good do congratulations. Let's take Solana. I Think you know where this is going and yeah, you know, I'm pretty good Actually, you're beating the pants off of Bitcoin. So congratulations for the Solana holders. I have some How about XRP? Yeah, you know where this was going So pretty much you're in the red except for the oh, you're up a 1% on the day. It's pretty good That's what you call the standard baby and then one week you're up 0.96% but over three years you're up 13% Don't ever forget that You diamond handers good for you But over the 10 year you're down 60%. That's not so good. Let's see what else we got Cardano hey Another one of my one of my faves This one didn't do so hot either so you can see here cardano against Bitcoin itself The only way you're up is six months at 6.6% But that's only if you did the six-month thing one day to three months No, one year four years you have 100% but five and six you're not doing so hot so sorry about that and Let's finish this up with I Guess dogecoin that'd be interesting because it's a dogecoin is a fork of Well, why coins a fork of no dogecoin is a form of like one? Yes, which is a fork of Bitcoin. All right got to confuse for a second actually not too bad And of course one day in one week one month you're 41% six months not so much But three year four year five or six years in I guess just depends if you got an early enough so Yes, there are gains to be had just depending on what you want to get into so to take to extrapolate even further because Right now if we take a look at the market itself I mean you might have noticed that hey Solana's doing pretty good, right? But don't chase pumps and it's up 31% for the week BMB is up 23% It's kind of works like this usually in these markets Everybody gets excited about one project, right? And there's one laggard is one that just doesn't do anything like why doesn't this do anything and Then just at some point starts a rip that's what happened with Cardano the last time, but you know, it's anybody's guess quite honestly That's why I diversify. That's why I got everything else but It was interesting though because I took a look at What's because everybody's talking about Solana mean coins and how well they're doing well not so fast Dog with hats I can't believe I'm actually talking about this, but no, I'm just kidding I have nothing against mean coins. I actually I used to own dog with that I still own bonk and I still have some my row But look at look at how far we're down. Yeah 24 hours were down 23% But for seven days we're up 20 as a bet bonk were down my row were down pop cat. No idea what that is But you're down 40% today Samoid coin oh my god punk not bonk Harambee it's a lot of red. It's a lot a lot a lot of but there's one in here that I don't see Actually, we'll get to this Which was Book of meme now this one This one is up 34,000 335 percent Crazy look at that a second But I just wanted to know that sometimes when you're taking a look at some of these tokens and you're excited about it It's not so much just to go into the L1 which is that's fine, you know, that's that's good I can't give you financial advice But sometimes you want to take a look at the ecosystem itself sometimes and things are doing pretty well Solana is still up 22% right for the week But some of these first of all chain links down in Solana, I don't know why it's in here I mean it uses it's a companion to To Solana it is an Oracle it pulls outside data I get that but to me chain links kind of like a layer zero. I don't you can build on top of it Render as an AI play but it's still done 18% Imagine that you're a Solana You're in the Solana ecosystem and you're also having the the AI Tag with you and you're still on 18% it's still a good project. But it's just how it is our weave I own some our weave on cryptid.com and Damn, it's down 26. That sucks. But look at this jupiter In this crappy day, that's up 9% almost 67% for the week pith Which is essentially the oracle on Solana Up 42% and then this crazy nonsense book of meme helium's down. I own some helium radium Damn, that's crazy This some of those days so If you're into one particular one, maybe you'd like to go down that rabbit hole into the ecosystem again If you go to coin market cap or coin gecko and just click on The ecosystems or categories you can break this down through Layer ones layer twos meme coins Solana ecosystem ERC 20 tokens, whatever you want to do, right? But there's a Lesson there's a story here Which is this one we talked about yesterday and I want to remind everybody that uh, this is going to happen It's not going to happen to everybody, but you're going to feel this I need you guys to understand What's going on So we talked about this yesterday this trader Apparently they bought the book of meme. That's what it's called The book of meme the boom coin And it talked about on march 14th Uh on-chain analytics firm look on chain flagged and price betrayed Solana holder invested 50 Solana Into a new Solana meme coin dub book of meme Trader bought around 170 million tokens and sold them for 131,000. Essentially it was like I want to say 7500 somewhere around there that he put into it 50 Yeah Somewhere around there right 7500 somewhere around there And he like a day later two days later. He sold it Or one day later. It's for 131,000. That's great Here's where it gets crazy So the that was on The 14th, but the same but the next day It client it went from 0.00005 to 005 so it dropped a couple zeros and that 131,000 would be now worth a million That was the story yesterday Now check this out see this price right here 0.005. You know watch the book of meme now is worth At its peak it was worth Two and a half cents Let me show you that again. This is a half a penny This is two and a half cents So essentially that million dollars Was that three four million somewhere around there? Imagine that you put in seven hundred bucks If you just would have rode all the way top you would have got it, but here's the thing and why I would like to Press this with everybody That's going to happen to you I'm not saying you're going to get to four million or whatever. It's maybe you will but What'll happen is that you will have a trade and Like we always talk about you will take profits Hopefully and you will take profits too early. You won't hit the top and then you'll Unfortunately keep watching This scenario play out and keep climbing and climbing and climbing before you know what you like I'm such an idiot. I only made x x x x x amount and I could have made x x x x x x x x amount So in these situations First the first thing I can say is Don't watch don't watch it if you sold everything because if you watch the The ticker and you watch everything go up. You're just going to get more depressed And the second thing I will like to remind everybody is I'm never me personally. I'm never selling all my crypto I don't see a point for that. I will never be out of of investing into assets I will never stop investing into land and real estate and precious metals gold and silver and getting into other businesses And also with crypto and digital assets and maybe a little play around with equities here and there I will never get out of that ever So why would I sell all of my crypto all at once because no one knows what's going to happen? I think If that person and who knows if he did this or not if they would have said, okay I'm going to sell I just made a hundred thousand dollars in 24 hours. Not bad I'm going to sell 80% right and I'm going to hold on 20% because who knows because that's my moon bag Some will call it a hodl bag. Some will call it a moon bag For me, it's the same thing. I will be selling my crypto bitcoin included and my alts definitely And I'll just have my moon bag and if it goes crazy and parabolic. I'm like, who did it pretty good Now I'll never I still won't hit the top unless I get super lucky. I almost did that with cardano almost But I failed and That's just how it is. So just something to think about just started to throw that in there But that's it for today. So look like today's video. Give it a thumbs up consider subscribing. Let me talk about his time-sensitive