 Can everybody ban everybody that just talked about FIFA, you know, because those are spammers Thanks wrenches. I appreciate you guys FIFA in your BSC. I Hate you spammers. I hate you scammers. I hate you with a passion Wrench army crazy, it's funny Shills in the chat with FIFA This is true Listen, if you're gonna if everybody's gonna talk about one specific product that no one's ever heard of you're gonna get banned So that's that and I'm time for your nonsense Let's see. That's a good question. Louise Garcia, Rob Don't you think they're replacing all the vampire middleman bankers with DeFi would reduce Personal corporate expenses and have a deflationary effect. It could but then you know You have to understand like when you take away one job You may actually create another job over here and one of those things that I see is a problem with DeFi You know, we've lost 2.6 billion dollars 2.6 billion dollars in DeFi and they say that this year in 2022 is gonna be the worst year 2022 There's gonna be this the worst year for DeFi after all the things we've grown So I think that DeFi's got a long way to go so that's for that to happen But yes, he will eliminate middleman and there will be a Deflationary effect or a reduction in cost for the banks themselves. However, I think they're gonna have to beef up Other parts of that whether that be security CTOs technical advice and go from there. That's what I think Could be wrong though You know what that's funny Cryptical there's got to be easier channels of spam this one It's almost like it's like walking into a cop bar and trying to rob rob the bar You're like, why would you spam this? I have nothing but admins here. That was fun Core he should crazy George is building a house right now. Well, there Corey. That's not a bad idea actually That I'm if that's George recruiters are us You know if you have land The only way that would work pretty well is if you pay cash for it. That would work out pretty well The cost of labor is going to go up anyhow So yeah, the thing is the thing where people get caught is the interest rates going up So like this the same thing we've seen like a six hundred thousand dollar house At an interest rate of 2.9% Verse one right now are having around seven percent. It's like a thousand bucks less So essentially the same house you're paying a thousand bucks more per month on the mortgage because the amortization table So for that one Loans don't work out too great, but if you're building and he's doing straight cash, it could work I just wouldn't take a loan out right now Funny That's a good one. You can dodge a ball, but you can't dodge the wrench army. That's one. Ah Bicky, I'm glad you're here. Bicky. Did you message me personally about doing something? I forgot what it was but it was on Twitter I want to make sure it's your account because I don't I'm very skeptical I Mark it very smart. Delacost Avenue is the way to go in the bear market. I have to agree. I have to agree Because I got to tell you I look at We all know this website the DC a CC DC a CC Website itself like There was times when let's say 25 bucks a week there was times in the past Because I got into Cardano pretty heavy. I Started around here February 2018 somewhere around there and I was accumulating Cardano because it was cheap But then I stopped for a while because I got a little bit Angry at the market like I know we all do it happens. It's okay and If I would have kept buying I Mean I increased my buying more than 25 bucks a week But but if I would have kept buying look how much just 25 bucks a week at the tippy tippy top Hold on well, that's Bitcoin genius So maybe you should put it on Cardano like you were talking about There we are So like at the tippy top I mean you put in 4,600 bucks 25 bucks a week and you get $162,000 out. It's not bad again Diminishing returns, but if I always think about this specific chart when I'm dollar-cost averaging right now Because I'm like I am not going to stop DCA just because I think that there's this You know, there's a chart out there. There's something that says now this is gonna go down or this is gonna go up I don't know and no one knows But just like we talked about in a couple of videos ago Which was the Stockdale Paradox and the thing that kills Momentum is excessive hope and You can watch the video Jim Stockdale he was shot down in Vietnam and he was in the hotel Hanoi where he was beaten and Tortured for seven straight years and they asked him why did you how did you get out? How did you make it? Why did that become in your defining moment? He goes well It's because I realized the brew reality of situation because I knew I would get out at some point I said no when the people that would get crushed were the ones that were telling me hey We're gonna get out in Easter. Hey, we're gonna get out I heard something that we're gonna get out in in Christmas Doesn't that sound like crypto and he goes I just didn't listen those guys and those guys would he said they would Parish because they died of a broken heart. That's exactly what he said and I see the same thing and it gives you like a Reality of what where we are right now in crypto like you see these these Hopium peddlers, they're like well by the end of the year. It's gonna go to this or it's gonna crash all the way to this I don't know. I just think of where it is I know that we're gonna go up because bear markets on last forever bull markets on last forever I know we will go up. I just don't know when I think it's around 2025 Who knows if it takes me to 20 27 20 28 so much the better and guess what the chart that I just showed you Well, that just means I get to keep dollar cost averaging Alright, I'll take some profits along the way. Shoot me. That's it All right, what else? Yeah, Andrew says Rob You ain't you you ain't taking the situation that China left the game halfway up the last bull So the peeking oil and I'll play the same look Asian markets are a little bit different just because China First of all, just because China says they're out of the game. There's people that are still in the game They can get around it There's a reason why like you've even look at Bitcoin money that was banned a long time ago, right? Well, guess what? There's still Bitcoin miners in China. They're able to get around the great firewall So I still believe there's investors not as many as before but it doesn't matter because globally, you know less than 5% globally of people are in the crypto Look I still think there's a lot of room to run and if you take a look at the amount of money that's sloshing around I talk about all the time, you know, there's like over a hundred trillion dollars in the stock market You think those people want to keep getting slaughtered over there for a while There's a reason why black rock and mass mutual and all those big Names are getting into cryptos because they're like, wow, we can't get returns. I mean You get a whopping 8.6% on the s&p 500 a year of a year. Whoa I do that on a Tuesday sometimes for crypto. So for them, they're probably like, let's just allocate one to three percent Right. That's what Ray Dalio talks about If we do that we're good to go. We don't need china I don't need china period True wrench army as a cult Let's see. See how we'll go read Yes, and the matta cult and the bitcoin cult and everywhere. They're all cults That's okay I'm telling you crossfit Crossfit if you miss a workout, they're like, hey, bro, what happened to you? Okay You know, you know, you missed the water day. I'm like, oh, Jesus So, yeah Let's see Brits Yeah, so jupiter is a good point research the past fed pivots and how peak unemployment rate is Ranges averages 12 to 18 months after that pivot. That was going to be painful the playing time this It's weird It's weird because I think it plays into The same thing we've been talking about for a while like we know and we talked about this too About how once the fed pivots, they're gonna over correct. I think we all know that right the fed's gonna over correct They're gonna pivot at some point go. Hey, look at this data from eight months ago. Looks like looks good that's just how it is And uh at that point that things are going to start to crumble a little bit. We're going to see more unemployment I think I'm not for sure. Did you know that? right now There are 10.8 10.8 million jobs Open and there are 5.2. No, sorry. There's 10.2 million jobs open the united states There are 5.2 million job lookers. What does that mean? It means we have a lot of jobs So I don't know if that employment is going to go down anytime soon But let's just say like next year we go into recession And then unemployment does actually go up and all these factors fit in It's the same thing we've been talking about as far as like where things line up for the cycles And for me like let's just say for example In 2023 we hit that recession. Well 12 to 18 months. Where does that put us? Well 2024 and what happens after that usually an all-time high because that's the bitcoin having Well, maybe it comes early. Maybe it comes later. I don't know again Uh, I can't give you the the con I've learned my lesson to never give concrete time frames This could be a year off two years off. I don't know but I got time to dca and I'm okay with that So yeah, good point jubiter. Thank you That sucks macron. We talked about the french thing today macron or shady's health macron is a politician They're all shady's hell community is important And douglas is right chassman is amazing cold huge community huge community Just like apple apple's bigger than that but they they calm down Swamp coin Yeah, golfer it's the best part of my day too after this I have to go out to the facility and Dig up some new trench Long story Rob, do you talk to yourself a lot? You're a natural I do talk to myself a lot because I'm the only one that will listen The only problem is when you talk to yourself is if someone answers back then you got problems Michael says rob when I can't sleep. I'm watching your show. I will fall asleep easily in no time Thank you. I'm glad I could bore you to tears That's a Yeah, that's a good one. Let's see I do appreciate you guys Uh question from jason russell. Have you heard of overland and do you invest in land nfts over as a token? They have an app live marketplace and are in polygon Look a lot of the great a lot of the good Metaverse plays and play to earn games are built on polygon polygon is polygon studios And those are the ones that reach out to the the games are already in web 2 essentially and bring them into web 3 I think if they're on polygon probably do pretty well. I don't know exactly what it is So I really I really can't say it will do. Well, they're they've picked correctly I should say in polygon if you want to know anything about games play to earn or metaverse go watch crypto stash That guy's got tons of information about those things. So yes I just I just defer to smarter people like like stash and those guys Oh, here we go fantastic My favorites Scammers are back So wrenches, you know what to do Christian has a great question rob. Well the fed end up settling for 4 to 5 inflation. You know what? We we we talked about this yesterday and uh, there was an article Economist spread his name frazier and uh And he had done a lot of different things with with hedge funds He was in the traditional market space and he talked about how he believes that the fed will The goal is 2 but the fed won't hit that They'll get down to 4 to 5 percent and they'll say well, that's good enough and then they'll kind of go from there So I think sure. Why not? Uh, if it can actually do that And actually maintain and people can get used to it Then I don't see why they would not keep going again. The fed has been very clear though very clear Even uh, mary daly from the san francisco fed president She was on we did a video on her too and she talked about how she's like basically she's like, let me make this super clear We're not going to stop until we get super sent and we take a look at The data you whatever data they're looking at And we won't do that. I think um, I think they're going to still keep going on so We'll see Uh What's your call on the November rate hike 75 to be safe? I'd like them to 100 Get it, you know, I was calling for 100 basis points in the first rate hikes I was like just get it over with But no, no, we'll do 25 and 50 And uh, you know, they should have been a little bit more aggressive Yeah, cto did just did a show on aptos. I think he called it the um The solana killer, but he's gonna pass on it. So I wonder Smash the like for up. Thank you. Okay, bicky. You did bicky. I will answer you today Good deal Uh, let's see Hi pirate x pirate says by the dip. I don't even you know people talk about buyer by the dip I don't really get into that to buy the dip thing. I don't really put any more money in or any money less for the dips I just think that we're gonna keep dipping. So I'm just like I'm just gonna let do the same amount every day Uh, it buys into the background. I am personally using coinbase Used to use voyager love that app so simple We know what happened that and uh, yeah every day Just buy there's the well, there's some I buy every day and some I buy every week And I do buy altcoins And just I think I got you Could walmart use defi to avoid credit card margins you know The thing with that is is this I don't know why any company would use defi right now honestly, uh, I I just don't think it's ready for prime time Tell me where I'm wrong, but uh, there's there's especially those those bridge hacks and uh And trying to you know do cross chain Transactions, I just don't see it. Uh, I think the better option jack moller's had a pretty good presentation on using the lightning network to get rid of transaction fees I gotta tell you if if that worked for my small company, I would adopt it right now. You know much I pay for Transaction fees depends on who you use we use PayPal We also use striped and mostly they're pretty much the same along the lines It's 2.99 percent plus 30 cents per transaction fees and depending on the volume you can go to 1.99 or even 1.29 percent, which doesn't sound like a lot, but let's say you're doing three percent of a million dollars Now think about that. It is tax-deductible, but it's a real pain in the a and I hate doing it. So Uh, I don't think defi is their answer Darth Mike Orlando says hey, Rob. Do you think you could give us a video on your amazon business? How you started it if you think it's something worth looking into what do you recommend register like cash? Amazon's a tough business right now We're coming into q4. So everybody's kind of loading up To get with the uh christmas rush So right now is like the worst time and honestly amazon's a boring business It's very simple though. You just meet with manufacturers or distributors and well Over online obviously and you say what do you guys got? Give me a spreadsheet It sends you a spreadsheet you run it through a program. You see what the profit margins are you go? Okay, give me a 10,000 of these products They don't ship to you they ship right to the amazon warehouses and you have to pay for them to put the actual Labels on you have to do all the tracking all the stuff and then you pay a fee to amazon I personally find it super boring and I don't like doing it anymore. So Um for that one now, I probably won't do it, but um If you want to look at from who I learned from his name is bo krable be a be a u Crab oh krable c r a b i l l that's who I learned from smart kid All right Still open to break 85 Oh for the salana. Yeah, salana I buy salana I buy cardano. I buy near Cory says I'm so glad you're talking about taking products on the way when almost everyone else in crypto talks about hodl forever Phew, Cory. I don't get it. I don't get it I never really understood that hodl forever I know people believe that the world's gonna crash And it's only gonna be big coins the world reserve currency could be but the question is when again, uh Stockdale paradox And if you're hoping for it to happen a certain time point It's not gonna happen If you keep building and building and building if your job is to even if you think that it's gonna happen If if your job is to acquire More bitcoin more ethereum more crypto whatever it is when it behoove you to sell and these you know as time starts to slide down That's just what I do. That's not for everybody people like I don't care what you do rob I'm gonna do what I do which is I'm buying every day and I'm gonna keep buying for 50 years That's fine It's just on this channel. I'm not gonna talk like that Doesn't make it does to me. It doesn't make any sense And there's a big difference between you there's a there's a big difference between most of us normal investors and say a michael sailor who's Runs a billion dollar company. I don't know if he even runs anymore and their investment strategy You have to understand what they do and what you do And you know, what's your risk tolerance is and what your time horizon is. That's the bigger thing It's a good one Aco silicon Going into 2024 anticipation of the bitcoin having it might pump prior to moving into 2024 Remember when we start to hear about the bitcoin having there's always a little bit of a pump and even right now At the bear market We have bear market rallies. That's the thing that people forget is like it's not just goes down forever There's rallies and during those rallies See that's the great thing a dollar cost average. It's it's like planting seeds You know, so like let's say you plant seeds for a season Which is right now and then as time moves forward Then you start to take out the harvest from back here in january february march or whatever it was or sorry, sorry That's how that's not fair June july august will say right? Let's say june july august during the during the low times as time moves forward You start to harvest those ones from back here and then you keep dollar cost averaging along the way And during that time, let's say in january february march, whatever else it is Maybe it jumps up and you start planting and you plant plant plants and as it goes up Then you harvest over here plant plant plant and then goes up harvest down here It's a very simple thing. I mean, that's just what I do, but you don't have to do that That's it Ft probably being able to use the stats from smiles So there's two apps I use to gain crypto one is called smiles or s miles satoshi miles And the links in the description and it's 100 free and for all the I think it's Like a thousand steps you get like point zero zero zero something satoshis, which is cool It adds up and you get free free crypto right free satoshis I haven't taken a look at it just sits on it just sits in the background of my Of my phone so I haven't taken a look at it and the other one is uh sweat coin as I talked about But uh, I haven't used this. Let's find out just Hold on So again link in the description I have to update it I don't see anything on this thing. Huh? Maybe it's a new uh, maybe it's an update try to update your app and see where it goes from Oh Five or 19 days left. Who's got the website for the uh, bitcoin countdown bitcoin? having countdown Now it's right here Just go to coin market cap coin market coin market cap dot com having forward slash bitcoin five or three nine days very Well, we got time. So if you were looking to dollar cross average Listen, nobody cares about crypto right now except us Listen only the all the tourists and all the people that are gone And it's just us the the diehards which will be rewarded. I think later on. So if this was your time, this is your time Hi rod one lambo. I don't know It's a good question two years four years five years It's within 10 years. I can I'm pretty sure about that Yeah, I remember this one ryan kim kermans is a good me jacks is going to expand to france before I went under awful Rob is harvest financing and good. I don't know enough about it to tell you and I will not talk to you talk to people Things I haven't done enough research in so sorry. I don't know Swiss Borg the fossils A lot of people are shilling aptos. I don't know Why go watch cto's video on it that guy's pretty thorough And uh, see what he says. Oh john belasquez super sticker. Thank you. I appreciate it two bucks Could anyone is that a green screen? Yes green screen My mom allowed me to put it up in her basement and um feeling pretty good about that That's right. Uh, let's see. So eric says. Oh my god. I see 50 plus spam links in your video description Where's the link for the source of title? Just do a search Isn't that more important? I'm not here to do all the work for you man. Uh, if you want to search it out go right ahead However, if you need help with your crypto taxes Go to crypto trader dot tax. Those guys are really good. Or sorry coin ledger right now Also, if you could help out portorico and the problems that everyone there's a there's uh Links down there to donate there and then uh, a couple of things a bunch of links down so you can find it Hope that answer your question. Hope you come back eric. I'd love to talk to you Hey, rob. Have you ever seen any video produced by the maverick of wall street? He does amazing fundamental analysis on markets the point with great sense of humor. I'll have to check him out. Thank you The maverick of wall street. It's pretty good. Oh, I got it. You're right I don't know hit the like button. I like that if you hit a like button. I like that. Yeah Yeah, yeah Chart prediction on cosmos. I have no idea but the video on how to uh stake Your cosmos within your ledger so you can retain your private keys will be out on friday as i'm traveling to um houston And then I traveled to portorico after that. So Check that out. I think cosmos is a great It's a great play. I bike I dolly cost average cosmos a matter of fact Genslers insist you need to do something about the forearm to head ratio in your thumbnails this one When I always use them too lazy to get any other pictures I'm never working right Look gary watches the show And I know he I know he wants to do what's best gary do what's best and uh for the american people And come to grips with the fact that you need to reach across the island work with the cftc And uh the lawmakers To put us in. I mean, do you really want france to pass us by? Well, you're letting that happen well Martin good advice Warren Buffett says don't fall in love with the stock Focus on the company as an investment and when to buy sell krypton's no different very true Very true Any thoughts about voyager for tomorrow? I don't know but pat ackerman put out a pretty good uh tweets All the different documentation is out Plus on what's going on and it looks like it's going to be an aggregate of what we're going to get back So we're going to get back 70 roughly Uh, but then it's an aggregate of over 20 or 21 days For price appreciation depreciation. I'll let you know exactly what it is later, but Things are moving forward and it already comes down to are we going to vote for that fcx plan? depends on what you want to do me personally You know chapter 11's can go quite a long time Quite a long time. I just we just did a story about delta and how it took them It was it was a fast chapter 11 at 19 months And then I took a look at uh Mount gox You know mount gox that hack happened in 2014 eight years later people are still waiting for their funds. I'm not going to be that guy so Depends on what you want to do Me personally I'm like, well if you give me my crypto back I'm honestly not going to sell it now because it's not in time to sell so But I would really hate to see I think slip of the cracks for so many years and then it talks about how if you don't want to do the chapter the The buyout I don't vote for the buyout for ftx, which is at 70 or 72 percent Then you're looking at around 60 some percent I'm like, uh No, thanks Douglas says s miles doesn't always work. I ran 11k yesterday. Jeez and it gave me nothing I walked 9k today and it worked a little annoying, but it's free satoshi. Yeah, it's free. It's free I like free Robin says now the time to buy Cult from the french word cult a meaning worship interesting And patient monk says What do you think of the influence of the mount gox payout will be early next year february? I believe I've heard there's so many payouts coming up And from what I understand that's not the payout as I understand it It's these are the last days to submit some type of form And uh for what you could potentially get paid out and we'll look at it But I remember we wasn't every time about mount gox six months ago And then a year ago and then two years ago watch out for mount gox If you put into youtube mount gox the amount of videos that come out every like six months is astronomical It seems like and no one has like the concrete date of when it actually Goes through to where people actually get back there bitcoin and I will just say this There's three things they can get they can get bitcoin bitcoin cash or cash That's is what as I read in the documentation Me personally I would sell some If I was buying bitcoin back in 2014 for What was it a hundred? Yeah, it's between a hundred and a thousand. Well, 2013 was a thousand roughly Let's say 284 bucks. I don't know 200 bucks I had 200 bucks and I bought a bunch of bitcoin. I'd probably sell some Now now's the time to sell I probably wait a little bit longer That's just me but if you can imagine like somebody an early early investor just waiting eight years I would just sell out of hate Because I'm like the hell with this stuff And off you go I don't think everybody's and people say I think everybody's gonna hold. They're not gonna hold Just like people told me in 20 21 But Rob, you'll understand institutions. They'll never sell. They'll hear forever and they're gonna hold Okay I will thank her As soon as she gets me that meatloaf Let's see They do have a very nice house. They worked hard though Just trying to kick me out. I will not leave Will trump be up for 20 24 was in it probably Uh, never the thumbs up What's your prediction for a bottom? No idea we talked about You know how everybody says that some people think that bitcoin will rally at the end of the year because of the after the midterms which Markets usually rally about three months after the midterms And then some people say, you know, just a little rally maybe 25 like we talked about Then other people will say it's gonna go to 12 Or eight or some people didn't say 3 000, which I think is pretty crazy But anything can be I think maybe everybody's just in the middle Maybe we won't rally. Maybe we won't go to 3 k. Maybe somewhere around 15 9 15 k somewhere around there That's it Rob, do you think you don't have enough cash to buy twitter by 20 28 is this is the deadline for him Yeah, he'll come up with it Oh, here we go Free girls in your city Wrenches, you know what to do. Thank you Don't hold your breath for mount gox. Yes, exactly How about those fillies Playoffs, baby playoffs Yes, exactly I think that's it. I think I answered everybody's question I gotta go this guy's waiting for me All right All right, buddy, so Thanks for stopping by I do appreciate it. If you like today's video, give it a thumbs up and like I'll be there in a second And uh, that is it for for today. So I appreciate you guys hanging out with me for so long I do and uh, I'll see you in the next one. Don't forget at 3 15 pacific 4 15 mountain 5 15 central and 6 15 Eastern will be the video with tiffany wong Or tiffany fong, excuse me and erin vennett from selcia So we go over what's going on with the different plans and that there'll be a link in the description Also, I put in the chat. So check it out. There'll be a live Premier so you can talk with all of us all three of us in the chat. That's it. Thanks so much. Adios