 And we're live. Hey everybody. Thanks for stopping by. I got to tell you I do like doing these shows when we are ripping in the markets So as always I've got my friend guy from coin Bureau and Ben from another cryptoverse gents. Welcome back to the show Was it going? Yeah, thanks for having us Rob. No problem. I mean like these are the days we want to be around right everybody It makes a nice change doesn't it No, it's it's super nice and like of course like Thanksgiving's coming up for for americans here and of course, we're going to go to our our Thanksgiving dinners Now you don't have to listen to everybody talk about hey, hey, mr. Investor how's things going you can get to it and go Yeah, it's going pretty damn good as a matter of fact I got bitcoins up 128 or something like that. I got slanted up 400 for 300 from the low. I got always ones Yeah, it's going great. Thanks for asking So my neighbor asked me about bitcoin yesterday. I was like, oh crap That's a sign. That's it. Oh man. That's an It is a sign, but it can off you know that that phase can last for weeks before you know It turns around. We don't know that is true. No, no, I think this is just the beginning I think it is so today. I wanted to talk about some stuff Everybody's favorite topic, uh, which would be the price predictions. So, uh, I know guy you put out a very inclusive very in-depth video of these price predictions and I told you on your live stream I would ask you and here we go. So bitcoin eats a lot of price predictions Then I want to get into and and ben Is on his expertise We you just did a video about the return on investment as far as like the pre-having years Let's take a look at the having years and then also how does the dominance play into that? And uh, lastly, I just want to talk about and just to warn everybody is uh, what are the We're all pros, but what's coming up for the rookies and if you're here right now watching this stream You are not a crypto tourist, but there are some things to be aware of So we'll get into that and lastly we'll do a little q&a. So first things first my man guy You did this great video and uh, it was it was pretty Interesting to say the least and you talked about and first of all price prediction videos do fantastic as far as views go I think you've got 146,000 views on this one just like 24 hours ago And you went over a lot of different things you went over at bitcoin ethereum solana And a lot of things that it was you know, we had a lot of things from van ekk We had some things from uh, I think you put in there some things from from black rock and do uh, galaxy But just real quick Break it down to us as far as like what are those price predictions for for bitcoin For ethereum and for solana and everybody for these videos I'm I'm mentioning I link them in the description so you can watch the full version But I just want to get the down and dirty from from my guy from my guy guy Sure, sure. Uh, yeah, you're right rob price prediction price prediction videos do do very well people love them And uh, yeah, I mean it's it's easy to see why I guess. Um So yeah, I'll give you the quick I'll give you the quick breakdown. So yeah, rather than rather than us You know making a price prediction ourselves ourselves, which is um, you know fraught with uh, danger Um, we decided we thought it would be a good thing to analyze Some of the some of the price predictions that we've seen From some of the big boys if you like some of these, uh, you know, uh, data analytics firms vcs, you know, hedge funds, etc Basically the companies with you know with a lot of skin in the game And obviously the resources to kind of dig into into these price predictions, you know dig into the Into the fundamentals and stuff and come up with a you know an explanation as to why They're predicting these these sorts of prices. So And I think that's the important thing just to bear in mind about the price predictions themselves You know, I think the actual number that they are light on As well as almost certainly being wrong like 99 of price predictions are um The actual number is not as important as the reasoning Behind the number. So that's just you know, that's just something to bear in mind And that's why that's why we felt it would make an interesting video because you know what our Uh galaxy digital was someone we looked at crypto quant um matrix port we also looked at uh stuff that standard chartered said the bank Uh, and then van Eck uh was the one for souls. So we were interested in the reasoning anyhow prices. So, um Galaxy was uh, galaxy's prediction. Uh, if I remember right, you was sort of around 59 k. This is sort of uh after the after the halving and now after um After the approval of the etf Uh, so and that was you know, that was a fairly conservative prediction Um, it was based on the idea that you know, there are trillions of dollars kind of sloshing around Um, you know through various investment products investment managers things like that and galaxy kind of worked off the worked off the idea that you know, uh Sort of a 10 allocation from that what you know what that might look like Over time So the prediction they came up with was 59 k a few months uh after the etf launched Um crypto quants, uh, so a similar time frame. They were looking at between 50 and 73 k These are for bitcoin obviously, right, right? Um And then matrix port were a little more a little more optimistic They were saying um, well between 40 again over the same kind of time frame between 42 and 56 k But uh, they also kind of looked ahead to end of year 2024. So, you know 12 months or so from now um, and their prediction for then was 125 k Yeah, which is yeah, it's a pretty big move from where we are now And standard charted were of a kind of similar opinion. They were also saying end of year 2024 Uh 120 k so kind of same ballpark. I think we'd take either Really wouldn't be yeah, I'll take that so uh, so that's of course looking ahead What about aetherium and solana because I know like one of those from banek was uh The solana one was kind of like what I would do as far as a huge range, but what do we got for eith and soul? Yeah, so eith uh, we're the main one we looked at was uh standard charted again. Um, now they were kind of So their metric was based off of basic, uh, you know adoption of smart contracts Which they think you know smart contract adoption. They consider to be very much in its infancy at the moment You know we're talking, uh, you know a few a few billion dollars But set to climb they think massively over the next few years So their prediction for eith and this is by the end of 2026 So you know a good few years down the line, but their prediction for eith was eight eight k $8,000 by the end of 2026 Okay, uh, which again is you know is is pretty bullish I if I remember rightly from that video, they you know, they did say like it could go It could go a lot higher and I think as they looked into the future. It was it was way way higher Um, but I guess you'll you'll have to watch the video to to to see that because I can't remember um But um, yeah, so again, this was this was based off the idea that uh, ethereum would see continued growth and obviously You know grow growth beyond crypto as it were, you know smart contracts becoming becoming more widely adopted um, you know across you know Across the financial system as it were and beyond So that was their reasoning for an eight k eith by the end of 2026 and yeah, as you say souls Van ex prediction for soul You, um, you really could have you could have parked the cruise liner Yeah in the gaps so They're their case for soul, you know everything, you know, it doesn't uh, solana doesn't take off Presumably continues to be sort of plagued by the problems that it has been in the past Gets overtaken, you know, isn't able to uh take a significant chunk of ethereum's market share Perhaps gets overtaken by you know other competing layer ones of which there are plenty so, um Van ex bear case for soul was 10 dollars Which I think is kind of what it got to um No, in fact, it got to about eight dollars in uh in the wake of the ftx collapse, didn't it? So that really is a bear case Then they had a base case Which was I think a lot more realistic. They're saying um by 2030. This was assuming that solana um Was accounting for 30 percent of all cryptocurrency adoption by that date again Perhaps a little ambitious, but not not out of the question And for that they were saying three hundred and thirty five dollars Which is You know, I think fairly You know fairly conservative by a lot of um, you know by a lot of predictions for soul, but this is by 2030 However, the the sort of headline number and I want to I want to come back to this idea of a headline number um By the uh, this was the bull case obviously and they're saying uh their figure for 2030 in that case They were assuming kind of almost ethereum like levels of adoption by 2030 and they were saying 3200 dollars Uh per soul by then which um again, I think everyone all of us, uh, you know Anyone who owns uh soul or has owned soul in the past would take that in take that in the heartbeat. So Yeah, it's pretty wide somewhere between 10 and 3200 That's a that's a really good assessment. I like that. Um, so Before I move on because we're talking about our lies and things like that, um, you guys have been in in the uh Cryptoverse into the the markets longer than I have How many times have you heard these bitcoin and these price predictions? I mean going all the way back pre 2017 2016. I think guy you were on 2015 How many of those actually, you know came true and how many uh hit the mark It's it's hard to say because they just you know, they just kind of all fade into one, you know Or just a general sort of blizzard of peaking people plucking numbers out of the air Sometimes with you know, sometimes with uh after a lot of consideration sometimes, you know with no consideration at all um But I guess, you know, it's kind of uh Working along the principle of a stopped clock tells the right time twice a day, you know some price But yeah, I can't remember I I'm trying to think back to any any particular that caught my eye and then I sort of looked back and went Oh, they actually called it right. Um but uh Yeah, it's it's I can't remember off the top of my head, but of course there would have been some Yeah, I have to agree. Uh, and I remember ben you even put out this tweet A couple weeks ago, maybe three or four weeks ago about standard charter and uh, they had they had made a price prediction for for bitcoin I think it was like 120k and then they they backtracked and said no It's only gonna be 32k or something like that and they backtracked again now because it's more bullish So everybody just be aware out there that price predictions are great and hoping it was fantastic It keeps us in the market. It keeps us uh going to the next step But uh, just take it with a grain of salt because a lot of these things that I remember they never hit There's this thing called eos eos was supposed to be the next ethereum killer And it was supposed to be the greatest thing of all time and it was going to go to 150 Who knows what it what it was back then and it never materialized and the same thing to be said for Probably 95 of the cryptos that are out there 99 I'd say so just take it with a grain of salt, but let's get into some data, which would be My man ben here. So ben you did a video yesterday. You did two videos last 24 hours or so and uh, one of those was the pre-havings the pre-having year returns are ROI's And uh, it was interesting to see like just how things are comparing between, you know, the cycles and how things are going on and then, of course Right now in 2023 being the pre-having year and I think one up to 2.14 As far as uh year-to-date ROI, which sounds pretty good And then of course you did another bitcoin dominance video Which I gotta tell you These keep getting longer. This one is an hour and 23 minutes. I didn't know you had it in you So at this point, I just tell you, uh, they're all good stuff, but talk to us real quick about Having your ROI because we're going into that May 2024 And how about dominance flowing to all because I still think we're going to go to 60% I think you think that I think guy thinks that as far as bitcoin dominance, but Where do we see the dominance flowing when the alls take over and when does that happen? So the first thing I will say based on the conversation you just had with guy In terms of price predictions not coming true My expectation for this year was that bitcoin would top out at 35 K And clearly clearly here we are it's at it's at almost 38 K. So Yeah, like the price predictions are really hard. Um, I think the easier the easier thing is is to look at Sort of like Trends within the cryptoverse, right like bitcoin dominance trend all to bleeding back to bitcoin trend that sort of thing That's probably the easier thing to get right in the exact level that like bitcoin tops out and the one thing I've continued to get reminded about constantly is don't underestimate You know The the FOMO and and and what that can lead bitcoin to Yeah, I mean in pre-having years You know the average ROI from the last two had been about 2.1 x off the early open So I believe we're we're probably at like 2.3 x or 2.2 x off the early open right now I haven't actually checked but I mean we've gone up a little bit more Um As far as the the bitcoin dominant stuff because that's something I've been very bullish on for a long time You know dominance right now is approaching 54 percent and and you know if you look at at alt bitcoin valuations Specifically like if you look at like the ether bitcoin valuation I think that's the last support that needs to break right? So if you think back to everything that's happened in alt bitcoin valuations over the last year They've been going down Right, which is why I keep saying like you know crypto exposure is is most often limit best That's limited to bitcoin during this phase and I know some alt coins go up. So I'm not I'm not trying to say that that doesn't happen but um The the the shift in the trend of bitcoin dominance normally, you know You would expect it to change sometime in the having year right and the reason for that And I I think it would probably play out again is because we would likely get a shift in monetary policy in the having year To the point where higher higher risk assets like alt coins could start to outperform Lower risk assets like bitcoin, but in bear market years and in um and in pre-having years Bitcoin dominance tends to go higher Regardless of the direction of bitcoin right so in 2022 Bitcoin went down in 2023 bitcoin has mostly just gone up um But bitcoin dominance excluding stable coins has been going up for the last two and a half years so my my my speculation with regards to sort of the the trends in the alt coin market are that um They won't they they probably won't outperform bitcoin collectively right we can always go find a few I'm not I'm not trying to say I mean like you've listed off several that have done very well But collectively, I don't think the alt coin market will start outperforming bitcoin until some time in in 2024 is my guess and it'll likely correspond to a shift in monetary policy Um to uh to lower interest rates, right? So that's sort of what I'm guessing Um, we'll we'll we'll happen and again, I mean in the short term I've clearly underestimated just how high bitcoin can go In the in the in this pre-having year, which is kind of interesting because I underestimated how high it went in 2019 as well I mean, I think a lot of people thought it was going to go to 14k Back then and it's funny because even after that it still sold off 70 or so before the having But that that's where I am right now, right? I mean, I think we're I think we're entering into this like this fomo phase A lot of a lot of money is flowing into bitcoin Even alt coins are are bleeding against bitcoin even though. I know they're up on their usd pairs as well Look at all bitcoin valuations. I mean ether bitcoin is very close to putting in a new yearly low And and so that that's my guess is that all it's continually back to bitcoin Bitcoins in this fomo phase it then finds the top it could be it could be around spot etf approval And after that, you know, I would still speculate although. I know it's not a popular theory But I will speculate that we would today that we would get a secondary scare Before the having and it and it kind of seems like it's setting up for it, right? What happens is there there gets to be all this hype and fomo like, you know Half a year or a year before the having Everyone piles in and then everyone gets wiped out before the having actually occurs. I mean, it's literally happened Every cycle right every single cycle and and in two of those cycles that big drop didn't even occur until The having year, right? So I don't know when it's going to occur I can't promise you that it's going to occur but the general trend of Of alts bleeding back to bitcoin remains intact and normally what you look for is after alts have been broken down on their bitcoin pairs You then wait for bitcoin to get that that final drop It could be sort of like a drop into The recession right if we get a recession next year and then that's where altcoins finally start to outperform bitcoin Excellent excellent points. And I gotta tell you guys before we move on Thank you guys for being consistent I think everybody here on this panel has pretty much said where they think things are gonna go and they've stuck to their plan Whatever that plan is, you know, ben. I know that that you've been I think you've been you know getting into some some bitcoin here and there and not alts But you haven't sold and then guy I don't think you've really bought in too much things at all But you haven't sold as well. I think those types of things is what's going to You know propel everybody To take a look at that and say wow, I think in the next evolution. Maybe things go pretty well So again, thanks for being consistent because it's a breath of fresh air in this market So that would take care of the alts l and one more thing before we go on Uh I was even more bearish than ben. I believe that that ben was wrong. I didn't think he was gonna go I didn't think bitcoin's gonna go to 14k. I thought I was gonna go to 12k And I said that numerous times and I also said that I believe that we're gonna hit a recession at the end of q Well in q4 of 2023 and now like like now. I said, maybe it's gonna go longer. So I don't know We could be entering and do a recession and in right now. I mean certainly I mean markets Markets typically rally into a recession right the bond market bottoms out Um, the long the yield curve Goes down Yeah, and lower rates lead to risk assets going higher in the short term until they realize why rates are going down And then and then we sell off in a recession, right? There's the unemployment rate is, you know, is it 3.9 percent? I mean, look, there's there's a chance that you're that there we are in the beginning phases of a recession But we won't know it until you know another half a year from now Yeah, yeah Well good news is we all got time. All right So let's so let's finish up with this this last question for both of everybody Is that we all know they were pros But uh, what's the narrative that you think is going to come roaring back for the next crypto tourists like, uh, ben's neighbor And uh, the people that randomly text us What do you think they're gonna fall victim to is it going to be like, you know, I'll I'll trust these centralized exchanges Or is it, you know, I can do loans or you know, it's uh, you know this one Because it's a meme coin will probably a thousand X. So I'm gonna get into it heavy What's the thing that's going to destroy the next tourists? And I'll leave it up for either guy Sure There's a there's a few that spring to mind. I mean, I think yeah, I think I think people new to the space will will will make a lot of the old mistakes Um, that so many of us have made, you know, things like leaving leaving your crypto on exchanges, etc Um, putting too much trust in in centralized entities So, you know, that means we just we just have to keep banging that drum as loudly as we can banging the self custody drum as loud as we can and The two that the two that spring to mind to me that seem to be sort of like, you know undead I think they always manage to rise up Um, two particular Two particular narratives one is that, you know, uh, some project will come along probably a number of projects will come along um claiming to be the next bitcoin and You know new New investors people new participants in the market will look at bitcoin and go. Wow. I can't afford 70 000 120 000 a coin. That's crazy. I haven't got that sort of money lying around But what's this something that's claiming to be the next bitcoin? But which is many many hundreds of a cent Now that I can get on board with And so I think, you know, that narrative is that narrative is strong because it just plays on, you know, it plays on pure FOMO, which is an enormously Powerful impulse. So I think we'll see that the other one that springs to mind and always seems to come along is I'm I'm sure some Crapcoin will come along And promise promise to revolutionize the adult entertainment industry That seems to be that seems to be a popular narrative. It's like, hey, we're gonna make we're gonna make We're gonna make paul and fair again Or whatever as as it was was ever fair to start with Or you know, we're gonna and it's gonna have some very silly name that none of us can repeat And it's just gonna be a load of absolute nonsense. Um, I've seen many projects like that Come and go and uh, I don't I don't imagine we've seen the last of them I can I could agree and as you said that Tepe will make the millionaires. So Ben, what do you got since again, you've been around a lot and I have What's what's the uh, what are they gonna fall victim to? I would say two things. First of all, um, This whole spotty tf stuff is it has certainly been bullish for bitcoin um But it sort of seems like every single cycle people forget like not your keys not your crypto Right they forget that and I I find a lot of the people who were preaching it last year The only thing they can talk about this year is is when's the spotty tf going to be approved? And I'm like, well last year you were very adamant not your keys not your bitcoin And now you very much want to pay a fee to black rock to hold your bitcoin for you And you don't actually have custody of it. So I'm like, which is it? You know, do you actually and this is the this is why I feel like most people here are not in it for the tech They're in it to make money, right? Like that's the But but I could see that becoming an issue where we have to everyone figures out the hard way once again Not your keys not your crypto and someone said like well, you know, you can trust black rock I responded someone's what I'm like, yeah black rock always has That's a good one You can trust black rock because like you can trust will as far when the government sounds like a plan But but it's not even like it's not like I would expect any of these places to do anything nefarious But you know, like what happens if if if there's just some event where Let's say the government or something intervene or gets involved or something and and Who knows what could happen? I mean like look what happened last year with With all the with all the funds that that basically went belly up It's not it's not impossible For stuff like that to happen again So look The the spotty tf stuff is of course right like it's bringing more money into the space, but Yeah, it also it also sort of is against the whole thing that we learned last year of not your keys Not your bitcoin So imagine if if everyone sort of piles into the spotty tf and then at some point They they try to sell and and there's something that goes wrong, right? That that's one thing and then the other thing is and I I'm probably getting in trouble for this but um It normally so the The alt season stuff that everyone's hoping for and again like a lot of alt coins are up a lot But if you think about what 2021 was like it was basically like up for a year straight, right? Like alt coins just went up for like a year straight But the the the thing to look for Is that in 2021 bitcoin had put in a new high before all that happened, right? In 2017 bitcoin put in a new high before these alt coins went up You know like 50x 100x right in 2019 When alt coins were doing stuff similar to what they're doing today Bitcoin it was a lower high right bitcoin did not take out the prior high and that was also in the pre-having year So a lot of people what they did was they loaded up into the alt coin market after bitcoin Sort of topped out in the summer thinking that the alt coin market would then explode Afterwards because normally it does after bitcoin goes on a rally But then alt coins just sold off and the bitcoin dominance kept going higher, right? so I think you know my The thing I would say is that if it plays out like 2019 Then and it doesn't put in a higher high Then I still think the dominance of bitcoin will go up and then people are going to be scratching their heads like How can alt coins keep bleeding back to bitcoin? So that's that's another thing and again, I could be wrong about that. I mean if if I'm wrong So be I will just add it to the long list, right? That is that is something that I would I would at least mention but So, okay So that's a lot of a lot of things to get in there and then everybody as you're sitting around just put your questions below We'll do a little q&a This would actually be a good a kind of a good segue because like what you talked about with black rock and guy Even you've been coming along this on your channel as well Extensively which is great Which is when black rock comes in of course everybody's like talking about how great it is and and I think some of the older The bitcoin. Oh, jeez is like why are we so excited about this because I mean yeah It's good for it's good with the space and the price But look what's going to potentially do to us and especially if they're going to talk about you know Not your keys, not your crypto and those type of things We there was a video that we did as a matter of fact and this was michael sailor and he was on ms NBC and he said the exact same thing But he said something in reverse and he said look he goes banks are coming in And and they're going to custody bitcoin for us for the for the investors And people were we're divided, but when I took a look at it I go There's two ways to look at it. I always thought There's a way that it's at it should be and there's a way that it's going to be And the way that it should be is we all should take care of our our cold throw devices and have on demonic phrases And learn that aspect because sweet mary joseph if you can if you can Custody your passport and your birth certificate not lose that for many many years. I think you do the same thing That's the way that it should be how it's going to be is how we're going to get these these people in who are the tourists They're like Well as far as you can do that for me. I trust jp morgan cool And that's how it's going to be until they learn and you get the price of bitcoin that you deserve Uh guy anything to add to that before we get into uh the q&a No, I I think it's beautifully put rob. Yeah, it's bitcoin is You know bitcoin part of part of bitcoin's appeal Is that it is one of one of the only assets that you can easily Take custody of yourself and no one can take it from you Yeah, um that you know that is not the case with almost everything else Like you know, sure, okay, you could keep gold under your under your floorboards or under your mattress or anything like that But you know, can you move around with it? Can you take it with you wherever you go? No, that is and and that's one of the most amazing things about bitcoin You could have you could have billions of dollars, you know, michael sailor could put his entire gigantic net worth onto one, you know treasurer device that size And take it with him wherever he you know wherever he goes and I I think that's kind of you know miraculous in a way You can't do that with any other asset um And yeah, if people just if people hand it over to to jp morgan or to blackrock then Then it isn't theirs. They have an they have an iou From those entities saying yeah, yeah, you just you just let us know when you want it back and it's all yours And that's fine Until it isn't until it isn't exactly everything's cool until it's not all right everybody so that So thank you gentlemen for for those responses. I appreciate you Now we'll get into a little q&a and we'll go from there if you got to take off That's uh, we'll conclude the part of the our session now Let's jump in a little q&a and see what we got from the crowd And go there philips got a good question Isn't this just the false start as there's no liquidity in the market? I guess that would be taking a look at the volume and I know, you know We all talk about this, you know money supply and and uh and what's being flown in or what's being put in What do you guys think about as far as like the liquidity itself? Is there enough volume to say this is a reasonable one or is this going to be like a little bit of a bull travel? I'm not for sure here. I mean I like I'm I'm still sticking with Like this rally the purpose is to is to just rotate capital from alts to bitcoin. That's that's my story and I'm sticking to it Yes, there is some new liquidity of course because total market cap has gone higher Uh than it was back in april and july But you know, I I still think that at some point There's going to be a phase where you know, like we the the labor market starts to show weakness and then the fed will Will start to print again And then we'll get that real liquidity That that can can lead to sort of the the 2021 type mania, but I don't I don't think we're At that phase, um, you know 2019 was a crazy year for bitcoin, right? It went up how much like almost four x Yeah a year Yeah, it was a huge move, right? It was a huge move and then it still basically went back down So, yeah, I I don't know. I mean it's it's a it's a good question But my my guess is it's mostly a rotation of capital Um and there I mean, of course there is some new money coming in considering total market caps now almost 1.4 trillion That's true Guy same thing or anything? Yeah, I think the only thing I'd add, you know, this is kind of this I've seen some good tweets over the last few days That's like this is this is the start. This is the warm-up act, you know Um, this is the support band before, you know before the big guys come on stage And that's kind of what's exciting about it at the moment, you know, it's great to see It's great to see prices prices going up It's great to see new liquidity coming into the market But I think we are quite away from serious liquidity coming into the market from conditions really changing And you know, that's what's kind of so cool about it. It's like we're just we're just kind of getting started I think there'll be there'll be bumps along the way. It's not going to be smooth sailing I don't think it's going to be, you know, up only from here But you know, we have we've we've started that journey and that's really cool. But yeah, there's there's a lot more to come Yeah, I got it. Yeah, I think there's a lot more to come And I I'm just happy for the people who got in 2021 and bought the top and they stuck around You're gonna be rewarded. I know if you think like this is fun Just wait until next year or whenever the next blow off top is you've you really haven't seen anything yet Ryan says Ben's beard remains bearish that could be true and then Rob says this is a good question. Why is it good to stick to your guns if you're wrong? Shouldn't you adjust over time? I'll take this one real quick it's um So The thing is like like with me. I always take a look at my mistakes I didn't made in the past and one of the big mistakes I make was was not selling enough in the last in last market I had a plan. I did not stick to that plan. I should have stuck to the plan But everything changes from day to day. There's so much data. There's so much information being put out there that unless you're like Unless it's a massive catastrophe where you're like, I sold my kidneys and I put it in a pepe coin Maybe that's in that situation. But when everything is in is bearish and it's just been boring Which we we've lived through the last year or so and you've come up with a plan. You say this is where I where I'm at I'm most sane at this point Just stick to that plan. I can't tell you what to do about a financial advisor, but it kind of works out Over time things tend to work out. Here's the thing with me. I've been dollar cost averaging since 2022 And uh in the beginning didn't work out now. It's starting to work out But I'm still underwater on some of these alts Is that horrible? No in the long run. It'll be okay with you know with ben and guy and what they're doing They're in and they're in an asset class that of course they're going to outperform vastly everything else that's out there So it doesn't really matter what and I know that they've got tons of cash in the sidelines They're just waiting. So are you gonna get are you gonna be up 10,000 percent or 5,000 percent? I think that that's what it is. That's my my two cents gentlemen. What do you guys have for that one? I think you mean is they have two sats. Yes, exactly my two sats Very nice nice We've got to use the correct lingo here Rob. This is crypto because no no mercy if you don't speak the speak the language Yeah, you know, I think it's I always I always think back to that Is it Mike Tyson quote, you know, everyone has a plan until they get punched in the mouth Yes, um And it can be it can be difficult, you know, I kind of feel I kind of feel that fomo is the biggest punch in the mouth out there You know, it's sort of you watch You know, you watch things go in a different way and you you think oh I've missed it or whatever And sometimes you will but I think I think long term It it generally it generally works out pretty well and you know a good plan should be able to survive A fair few punches in the mouth I gotta agree Someone wants to know when you're gonna upload a video about uh about the fed or drone Powell And I I can tell you that guy does some pretty good in-depth stuff But I don't always have time to listen to guy So what I do is I cheat and I and I uh, I follow ben on twitter And he just paraphrases everything that drone Powell says I just read it real quick. I'm like, okay That's what it was but guy you guys gonna put a fed video out anytime soon I think we'll do another one. Yeah, we didn't really cover the last the last meeting because I think you know It was pretty obvious they were gonna pause um and or or skip or whatever it is they're calling it um and uh, yeah ben's rugged us by uh by by tweeting out much more succinctly So um, but no we we will cover them again. I'm sure Maybe when uh, I think there's one more this year, isn't that? I think so, um There's no in December. Thank you. Uh, yeah in the summer last question and then we'll get out of here Andrew's sitting on $50,000 Are we gonna see a massive retracement? I guess I have the big question the way you do with that Now this is your 50,000 not andrew's 50,000 What would you guys do with it because you can't we can't tell andrew what to do Hmm Wow, okay, what would I do with 50k ready to enter but one are we gonna see a massive retracement? I mean I think we can I I think we can certainly see a correction from here. That's that's realistic Whether whether a retracement. I mean, I was you know, I was pretty bearish as well I was kind of until until pretty recently. I thought yeah, we could we you know, especially with a black swan We certainly could go back to You know, maybe not 20k itself, but that kind of you know, those low those low 20s I'm starting to think now that I think I think these level I think certainly this level above 30k is looking kind of stronger and stronger with each passing day So although we could see a correction. I don't see a massive retracement that said I'm fully prepared to be absolutely wrong and I would I would be quite happy to see a massive retracement Because you know, I would I would certainly be looking to deploy then um But Yeah, I I think I think probably in that situation I would be I would be looking to to allocate perhaps a little bit now Um, but I think probably only to you know only to sort of top performers along the lines of of btc And and perhaps eith, you know with eith being kind of as as ben has pointed out with eith being weak against btc that could present, you know, perhaps the You know the better opportunity at this point in time um But it is a tricky one and and moments like this in the market are really tricky because you've got you've got a lot of FOMO you you kind of want it to retrace a bit so as you can, you know So as you don't feel you've you've kind of completely missed the boat Um, but of course no one no one really knows from here, but uh, certainly I don't think like a massive correction I think a massive correction is looking more. I'm more and more unlikely. All right. If that's all used That's good. I'll take that uh, and then ben will finish off with you. What do you think you're 50k? Yeah, well, I mean sort of the questions like this or you know, it sort of reminds me of sort of the fomo phase, right? where it sort of comes in the end of the year and um But with regards to eith if it if it is going to turn around on its bitcoin pair It normally doesn't do so until like mid december or january So I would I would still expect it to likely bleed against bitcoin for at least another month or so Um, if it's still holding these levels in a month Then then maybe it could get a bounce if it's not holding these levels in a month It's probably more likely to get a bounce like if it goes down to like, you know 0.04 or something it'd be more likely to you know, perhaps get a bounce but You know, look, I know it's not a popular view. Um, but I you know, when you look at At all these prior Like business cycles, right? If you look at all the prior business cycles You look at at year or you look at, you know, like the s and p You can't look at bitcoin because it hasn't existed through a full business cycle, right? Like we just haven't we haven't had it. Yeah, but if you look at everything else like the s and p What what normally happens as I said earlier is that is that bonds bottom Yields go up or sorry yields go down long and goes down risk assets in the short term go up because Because it's less pressure on risk assets when those yields go back down But then a few months later The market realizes why yields are going down and it's because we are in a recession We had a recession in 2020. We had a recession scare in 2016 I don't know that it was a pandemic in 2020 But guess what there were a lot so many articles out in 2019 saying yield curve inversion means recession next year And everyone was like no this time is different You go back and look at at all the prior business cycles 2000 2007 Q gd real gdp in q3 2007 was 4.9 percent, which is exactly what it was in q3 2023 So like I again like the further we go up like the more the easier it is of course to make fun of that view Like I'm I'm aware of that My my strategy as I've said is just I'm hedged with bitcoin I'm not hedged with the altcoin market because I think dominance is going higher. So that's what I would say is, you know, I think it's okay Having dcaing bitcoin tends to work out over a long enough time period The altcoin market is is hit or miss and the the success there I think is based on survivorship bias on some of the few altcoins that have that that do well You know, there's a lot of altcoins that I could point to right now that at this point Are just putting in a lower high right like a lot of them are are are still nowhere near where they were even at back in April right and bitcoin is is is well above that so My you know, my view is that there will be retracements I look back at every cycle prehaving and there was always a 40 to 50 drop So I would still think that's a likely outcome and even more so a likely outcome giving all this Given all this fomo that it seems like is is occurring, right? I mean, that's what normally happens. Everyone fomos in and then And then the market drops just before the having so that's my guess But I would also I would also wager to think that it's sentiment like this Which you know sort of helps confirm that it seems like we're entering in sort of this fomo phase Yeah, and I got to tell you so I'll just finish up with this great questions everybody Uh, I will just say that I hope you guys are right. I hope there's a huge retracement I hope we do drop because uh, I'll continue to keep doing my plan Which is dollar cost average and then I'll see you guys in 2025 as I dump on everybody. All right So that's it for today. Everybody if you would be so kind, uh, check out A guy over at coin beer and coin beer eclipse links in the description Especially that price prediction video ben had a great one pre having your returns and of course You have a popular bitcoin dominance And that is it for today. So gents. I want to say thanks so much. That's it for today See you guys in the next one. Adios. See you Thanks, everyone. See you soon