 Welcome to the last set of news that get top stories in crypto and bring them down to bite size pieces today Just the thumbnail suggests we're going to get valuable insights from bitcoin holders from 2011 2013 to show us Where things are going and if this bull run is more like 2013 or 2017 or a combination of both So take a look what's going on there But we'll also take a look at also an update about the iTrust crypto IRA and again do not buy iTrust I'll explain in a second. We'll take a look at bitcoin and real estate And finally we'll break it all down into what I mean between the 2013 17 and the bull run up today So we'll get to all those things but first take a look what's going on into the market today Thursday beautiful day 2.73 trillion we're up a whopping 1 watch out But that's not the big story. The big story is just how we just been chugging along and doing pretty well So the sentiments we're using trade the chain, of course for sentiment analysis And we're looking at 62 3 for the bitcoin price And there's been some pretty big movements as far as crypto ethereum 45 hundred bucks. It's pretty good. Will it break 5000? Yeah, probably at some point finance coin 559 solana 241 and just been on an absolute tear 6% in the last 24 hours 6% in 24 hours. That's crazy Telling nobody cares cardano Down again 2% what are you gonna do? But it still maintains above $2 and there's been some pretty big ones. Ah shiba, you know down 22% Sorry shiba holders. You knew it was coming terra So and so forth the axi infinity played a play to earn game 14% good for them They seem to just keep going up crypto.com up 20% and so on and so forth and also Avalanche is making a little bit of a run because a voyager has partnered up with them to do nfts And to do a lot of things with them. So a nice little partnership has been Put into avalanche and that is essentially what is going on in the market and a grand scale And just wanted before we get into the interview, I just want to talk about yesterday's iTrust update And there was some new news yesterday also that's ira surpasses 3.5 billion in trading volume They went from two billion to three and a half billion in transaction volume in only four months pretty good But what I said yesterday, I said do not get into iTrust Do not buy iTrust because They are doing away with the fees of 29.99 per month And if you don't know what iTrust is it's over there on the upper left hand corner That is a crypto ira ira if you don't Know for the united states citizens you can use different types of ira's A traditional sep or a roth Which is everything that you put in that roth ira is post tax meaning that once you put things into it Let's say bitcoin's at 60 000 and you take it out when it goes to I don't know half a million dollars You pay this much in taxes zero percent and that is how pier teal did it when he put all his PayPal stocks in He took them all out a billionaire paid zero in taxes But I said yesterday don't get into it because they're changing things First of all it used to be that if you use my link you could get One month three that is going away because there's going to be no Fees of 29.99 per month and the bigger question was well Is that for all the new customers or even the existing customers? And I just verify with iTrust and yes It is for existing customers and for new customers So you're going to get no fees for them to manage your iTrust account Now those fees if you're going to trade within your account, which is fine You can trade in your and you can trade within your Roth IRA account. It's 1 percent. However No taxes. So just take that into consideration. Then also everybody who signs up We'll get a hundred dollars in bitcoin rewards But the link is in the description. It looks just like this We also did a deep dive video Which uh, just I just take you through what a roth a sep attritional ira is and what, uh iTrust actually does so just take a look at that the link is also in the description right near the The affiliate link and lastly just you know those fees do not go away until November 15th So if you're going to sign up for an iTrust crypto IRA account wait till the 15th That's all you got to do and that's really what's going on So that is the first part here and now let's just jump in to The interview and actually it is with diddy from the bitcoin family a gentleman who sold everything in 2017 And went deep into bitcoin, but if you didn't know it he also did the same or a big moves in 2013 I'm going to talk about also an investor. I met in 2011 or from 2011 who invested into bitcoin So let's jump right in and go. Yeah as promised So, uh, we've got diddy back again from the bitcoin family to talk to us about the things that uh Have have shaped this market and if things are the same or different then we're going to take a look at some pieces So diddy welcome back Thank you rob for inviting me again, and it's always an honor and it's always a pleasure to be on the channel So, um, let's get to it. Yeah good times good times So the first thing that that we were talking about is I wanted to well first of all if if no one knows your story You were in bitcoin and everybody remembers your story about 2017 where you sold everything You sold your your houses you sold your cars you sold your businesses and put it all into bitcoin early 2017 with bitcoins around on grand But you were in bitcoin before in 2013 and you were mining everything and you like I don't really get you know Like at some point you said I got to get out and you got out for a little bit, right? Yeah Mining in 2013 exactly and you know in 2014 we had the first crash So from 1200 dollar to 200 dollar that was the moment that I was like, oh Shit was that the good investment in mining rigs and all that stuff Or so I sell everything now and break even with my investment So that was the moment in 2014 and I slowly start to get out but not fully of course Of course, of course, but I mean now I mean you're you're pretty well Fully invested so what I want to do is go over just a couple of things with you and that was that leads me to this point I met a guy who's been in crypto longer than you since 2011 And when I tell you this guy's story, it's going to be pretty amazing because you're like wow When he told me I was like I would never I would never be able to actually keep going Into into bitcoin from what he told me and then we'll take a look at that and also I want to go over this this chart This was from tech dev and what your opinions are as far as like is this the same or is this different? And is this more like 2013 bull run 2017 bull run or completely different and lastly Just want to go over uh, michael sailor and his interview where he talks about it's a little better to own bitcoin than to actually Pretty much everything other asset that's out there even Investment into properties like myself. So just real quick before we get into I know you got a great story about You sharing the this same information with your kids about Getting into bitcoin, but see this is so this was the party I was at with this is ryan gorman There's alex masioli alex masioli show. There's nick mancini from platypunks and nft fame And then there's me with my ridiculous smile and this guy right here in the in the far right hand side That's rush and I just met him that night and he had been Into bitcoin since 2011 and I was like Okay, so tell me how easy it was back then and he goes no no you don't understand he goes uh, look he goes back then To get bitcoin he goes There I would have to actually meet people at the bank And I would have to put the money into their account And then tell them hey, I put the money in your account So could you please send me the bitcoin and he goes you would just kind of hope and pray that they would do it And he goes back then it was way different He goes there wasn't tribalism because it was just but just bitcoin And he says when we it was all about sharing and getting it out to everybody He goes so like we would just you know throw bitcoins around like it was nothing and it would just you know Go all the way around and he says he goes but over time He said I he said that it was really a real cryptocurrency back then And then the narrative came him as far as the store of value And then he said I was going to get out But then when the store of value narrative came in he says okay, I can totally see that and now with el salvador It's kind of back full circle to the currency So I was like, you know I told raja go if I had to be back then And invest in the crypto and see that vision 10 20 years out There's not a chance and not a chance in hell. I would have done it. I would have been out a long time ago So did he what do you think about that crazy story? Yeah, that's an amazing story 2011 is so early It's a and I agree with you know in that time even 2013 was still difficult Need to send money by post all that stuff. So that is why I started to mine bitcoin I want to have bitcoin but there was no way for us in the Netherlands to buy bitcoins like in an easy way You know, so it's yeah, I completely agree a lot of things change now, but at that time it was so difficult Short story like like 20 seconds. We flew to dubai two weeks ago and in the Flight the first movie I watched was the one from ross olberg and silk road. I have never seen But in that movie you can see that people spent 2.5 4 bitcoins 6 bitcoins 7 bitcoins on this online market shop That was so amazing to see that people were spending those amount of bitcoins to stop And now it's like it's like one of those dollars. You know, it's like huge I know it's crazy, right now now we think of it like this huge enormous asset But back then it was just like it was just like well, that's like 10 bucks and then here you go So what makes me to believe is this is if it was like that back then What's going to be like in the next five years the next 10 years and god forbid 20 30 years from now? Wow So that's it don't you change a lot I think so so then so then you were The big thing about that was you know, just just getting into it and then what you actually invest into I know that you had a good story As far before we got in about what you were showing your kids As far as like what to invest into Yeah, it's like this morning we had a discussion because the kids they read the news and in the news was yeah Everybody's talking about inflation all the news like presents for christmas will become more expensive The gas is becoming more expensive Ikea is becoming becoming more expensive Expensive so the kids were asking me how is this possible? And how do people then still you know keep their money and how they still buy stuff? And then I started to talk to I I took this paper I started to write down some stuff on the paper And I I told him if you had 300 000 euros Last two years ago And you kept it on the bank account at that moment you could buy a house in the Netherlands Now two years later if you still have that 300 000 euros on the bank You can't buy a house anymore because the house prices like increased tremendously And then they were like but How why do we do the bitcoin stuff and then I told them if you would have bought for 300 000 euros Two years ago bitcoins you would have had 100 bitcoins Which nowadays would have a value of 6 million which would buy you 20 of these houses and they were like Oh, there's that's that's that's why everybody believes in bitcoins. That is what A store of value and that is what goes exactly Against inflation we for us as the bitcoin family life becomes cheaper every day All our friends and have their money on the bank accounts life becomes more expensive every day It's completely opposite and that was the first time I saw them thinking like Ha, okay. Now I start to understand why we do that steps. Why we saw my toys five years ago Yeah, insane and you know what so like when when you were talking to me when you just said that Share that story I wish And maybe you watching the video right now you probably think yourself man I wish my parents would have sat me down and showed me these types of numbers So later on it wouldn't be like the same old Song of dance, which was you got to save your money. You got to put in the bank You got to let it sit there and just do nothing with it That was what I was taught and all the way going through also get a job Work at the same company for 30 40 years and get a pension that is out the window now And I wish I mean even back then it would be very difficult to do and then the next thing I was thinking of is all the things that we talk about on on on my channel and diddy's channel and just as a reminder There's a link in the description. It's the very first one. That's the the bitcoin family go check them out It's always got daily good news and a little bit of information as far as where bitcoin is going When we do these things It really comes down to we want you to be successful too because guess what being here just doing our thing is is fine, but we need people around us and I don't know about you diddy, but all my friends still got the nine to five job And all my family member is still the nine to five job So i'm trying to get them off that merry-go-round and hopefully I have more people to hang out with That's really what it comes down to it's really frustrating to be that long in the in the industry like we are together You know You try to convince your family your brother or your sister or your best friends to do the same and to Manage their capital in a different way. They don't understand this They don't believe this and it's very frustrating to see That they could have achieved the same profits that we are achieving, but it's I don't know what it is in people I think most people live or in fear or in greed and that you know that that makes their Thoughts a little bit compressed and if you look at what is possible with capital And I think the capital needs to work for you and not the other way around So that is why money management and education for kids at the moment is that important Yeah, and I will send and before we get on the next piece. I will just tell you this I offered my brothers both of them. I said, I'm gonna give you 500 bucks All I want you to do is open up a voyager account and I want you to put into cryptocurrencies these specific ones Bitcoin ethereum and a couple other ones that I talked about I'm gonna give you free money And I said but you got to do it this weekend and they go that's great And then the weekend came and passed and I go what happened. Did you guys do it? Ah, no I were good and I'm like, what I'm gonna give you 500 bucks to do it and they still wouldn't do it And then my one one my brothers came back to me. He said, well, you know, I'm I'm pretty well Well, uh, vested into a visa because he's a traditional finance guy and I'm like, okay Well, how did visa do he's like, well, I went up like, you know, three to five x over the last, uh, 10 years or whatever and I'm like Okay, so and you know, so I I tweeted out and I said everybody remind me of this in a year The bitcoin price is this this is what I offered and so on and so forth. So yeah, it's just I think some people are like Is it gonna is this a scam? I don't really know too much about it. And also I don't really just want to I don't really have the time to make all this Really, it's comes out of time Like do they like did I really I want to do all this with the time because a lot of things that I do Don't really pan out, you know, it's a certain situation. So whatever So that one's one thing more. So I talk to much. I know you think did he stop talking but my brother was Four weeks ago, no, like six weeks ago. Yeah, two months ago. He was here in Portugal visiting me Yeah, and then he started to talk about bitcoin again. I told my brother, you know I will talk one more time about it bitcoin because you never trust me You need to test one bitcoin now from your savings because else we don't talk He bought one bitcoin around it was around 40k And now and now every week he's calling me like, okay, I'm already like almost 30k in profit Did you I said, yes, you should have sold your house bought all the great bitcoin But he finally starts to understand now, but it's a yeah, it's a rough road for five years You know what that's what's gonna take five years which you know what which leads me to my next my next point This was a an art interview with Michael sailor at CNBC And he talks about the same thing you just talked about which was he said look You can either put it into into bitcoin Or if you want to do another assets you can he goes but compare it to like the housing market He goes unless you're going to get into an asset where it's going to go up 130 every year Which is kind of what the uh return is for bitcoin, which is not every year I think he's taking a uh, you know two three four year type of time frame Uh, he says you can do that But why do it because it's going to be so much more difficult And he said the only thing that would make sense is if you like run a hotel Maybe or if you do rentals So did he same thing here when you're telling your kids and you talk about the the houses. What do you tell them? Yeah, I tell them the same I just tell them, you know, we are the world is changing we we prepare the kids for the future not for the past So in the future we won't need to own those houses anymore Everything is slowly Decentralizing, you know It starts with bicycle that you can rent and drive from a to b and it will go to motor scooters from a to b cars Houses everything in the future will be not owned by us, but by used by us So I tell them don't invest in those stuff It's like six percent return on investment on real estate for example every year Well, it's like 150 percent in bitcoin But to be very honest, Rob, even we even me and my wife have discussions about it because we are educated in the 90s And now that bitcoin is going up so much our Capital is increasing tremendously Even we still have these back had thoughts from oh, should I should I buy a house again? Should we buy back a house of bitcoin and every time that I need to remind myself? Yes, but if you do that you get all the stress you're fixed on the place You don't get the return on investment that you get in in bitcoin So even for a guy that is already a long time in bitcoin that is still difficult mindset But we try to educate our kids on the right way Perfect perfect. I want everybody to remember what did he just said there for a person who's been in Crypto for as long as did he it's still hard in the back of his head to do the things that he needs to do So just remember like if you ever think yourself like I just failed because I couldn't hold on or I couldn't do this It's natural it's normal and that's just how it goes and there's and I will say like for me There's one caveat we've been talking on this channel about I'm going to be funding that that new Investment property and the way I'll be doing it is just taking loans out against my crypto Instead of selling my crypto which is a taxable event and we'll go that way We've already done it once with Celsius. We're going to do it again with Celsius But this is just a larger amount and just go from there. So I'll bring everybody You should educate me in that next time. I got it. You know what? I what I'm do did I'm going to do I'm going to I'm just going to show everybody how the sausage is made from The beginning to the end and I'll make a video so everybody knows exactly what to do even like how to find properties I'll even give me my uh, my real estate agent Guys a good good great guy over here in Puerto Rico So there's that and then this is the question that everybody has been asking and you know it was coming to The question is this if we're taking a look At the cycles and how the bull run is playing out I keep hearing a lot of people saying this is not like 2017 This is more like 2013 And then some people say no no no it's the same thing and then some people say no This is totally different. So first of all, is this somewhat similar because you were around for both for all of them actually And then what do you think it is and where do you think things are going? And for me, it's it's it's two things the emotions are the same as every bull run It's it's always the rubber coaster emotions. It's always like is it going to end? Is it going to be a bear market winner for me? This one is a combination of 2013 and 2017 I think the first part of the bull run is exactly the 2013 one Where we peak where we bottom again, but I don't believe that november will be the same as in 2014 Where in november we had a 500 run all the way up to 12 from a dollar I think the second part of this bull run will be more like 2017. So that will mean topping up somewhere in december january At the top of the logarithmic growth curve, which is around 137 000 or 140 000 Depending on which month that we Reach that one. So for me, it's completely a combination of those two bull runs Yeah, if you if you if you put both the bull runs on the chart, which I have done a lot of times in my videos You can also see it. You can see we have been following 2013, but now Nothing is impossible in bitcoin, but if we would follow 2014 November month Yeah, I mean that at the end of this month we are at 130k and for me that is still a little bit unbelievable I think it will pick some a little bit more time So, okay, so we're looking at hey, you know what 130k? I think that's what everybody's pretty much around some people will say like 250k Some people will say now now it's going to be to you know 160 But I've always said around between 100 and 150k I'm pretty happy and then of course everything else kind of goes from there And I think this is if you're talking about the logarithmic. Are we talking about this one right here, Diddy? Yeah Yeah, we are talking about this one and and a lot of people think that we now will have an extended bull run Which means that we won't have this huge correction of 80 percent Um when we reach that top which would make it maybe possible to have another prolonged bitcoin run all the way to the Sock to flow model I think of 288k But for me that is still I need to see that I understand the philosophy and the thoughts about behind it I understand that people think that because Micro sailor and all of those people And invest in bitcoin for the long term are not going to sell at the top So we won't have that emotional crash of 80 percent because the more people huddle the less big This crash will be but you know with all the leverage Trading that is being played out and the sec and all of that stuff that now we just don't know so um For me, I think the new bottom in the new all-time and the new bear market Would be higher than 40 000 us dollar. So for me Whatever happens. I'm a very happy man because I got in For 40k and I think people need to play it long term That's a that's a great point. And I'll leave it like with this This is a phrase I always remember time in the market is more important than timing the market And usually if you just take a long-term approach, it works out pretty well Especially in this situation with bitcoin. So that's what we got. So did he that's that's it for today I'm I hold it sounds like the you're pretty bullish The things you're talking about sound pretty good And I think that this might ease some ease some fears that people have but do you have any words of wisdom before we take off? No, I don't have really words of wisdom But I just want to enjoy everybody a lot of fun during the last the next couple two of months in this bull run I think it's going to be an amazing time. I'm flying to Mexico to celebrate it there with a huge Crypto community and that bullish they will even take a bottle of champagne with me that says 100k, which I will open in Mexico I I'm positive that we will reach the 100k. So I just wish everybody a lot of fun with The last part of this ride and then I always want to remember people to Zoom out in the bitcoin charts and try to zoom in at life Don't freak out of the minute charts but freak out of every minute in the day You know tries to enjoy life to the fullest every single minute day. That is the most important thing I think in life Excellent Diddy fantastic interview yet again. So everybody that is it for today I'm just gonna leave it right there. So if you like today's video, give it a thumbs up consider subscribing All that good stuff and that's it. So we appreciate you listening and coming by and me and diddy. We'll see you in the next one Thank you