 Now what we're gonna do is we'll go into the Q&A also We're gonna do an El Paso meet-up before we take off to Puerto Rico, which we should be there I think a couple weeks or so So El Paso meet-up will be tomorrow. I'll give the details tomorrow when we get to that But that's it. You gotta take off take off now. Let's go into the Q&A I'll answer all your burning questions the best my abilities as we go from here and Let's see So Crypto golfer. Yeah, unimperfected content. Yeah, I don't They're always adding some things to tweak stuff. So what are you gonna do? Seescape vids had a good point This is where I took it from the constant negativity of this channel's draining used to be a good channel But Dave is just off Rob whatever and instead of instilling hope and helpfulness its constant pessimism negativity getting old You can look at it either way I just try to be the reality as best I can because I think there's plenty of channels that'll give you that You know, but I just see a lot of a lot of problems in the near term now long term like we just laid out I think Places like NY dig and mass mutual and black rock and the big institutions are laying that foundation So really take off the stratus for stratosphere and years to come I just don't think it's gonna be any time soon. Like I said a lot of macro play has to be that's it But I understand it does suck to get constant negativity, but I try to balance it out and Then Toby says reality is better than hype. I don't know if that's the truth, but sometimes You know, I gotta tell you I know some people don't like like some people love BitBoy and some people hate BitBoy But BitBoy had a good comment on on Twitter not too long ago and he said for everybody who's bashing me I talking about Hopium he goes Hopium is what kept you here from 2018 to 2019 now not everybody I get that but Hopium and hope is what can bring you into the next bull run as we're going through this junk bear market for quite some time and I was like, you know, it's just have a point about there. So What do you think about that and the comments and we'll go from there. Let me just see something real quick There let me change that Okay comments Well, thank you. Sometimes it does get a little bit hectic, you know Yeah, but sometimes like Hector says reality is hard. You didn't need to be realistic. No, it's like it's like losing weight It's like if I if I was a trainer and I constantly told you, you know, it's really hard to lose weight It's really super hard when you get in shape. I mean look at you. It's just your fats and just dripping with With bacon grease and you're never gonna make it and and I mean you could make it in five years or so But this can be really super hard. Maybe that wouldn't be the best approach As a trainer, maybe a little bit of Hopium goes a long way Let's see. Yeah So I says I had a weird disclaimer before I started watching claim this content might be inappropriate again I will never hit that button where it says, you know, make sure it's over 18 and over Ah Corporate will go that'd be the best for you ever for some Notches are you subscribed a bit boy? I don't I've a thousand subscribed subscriptions He comes up in my feed every so often, but I just assume because We're all in the YouTube game as far as crypto. I know I see his tweets some are pretty interesting You know, everybody's just doing the best they can, you know, they're trying to get to this this market And that's just how it is Yeah, Marty says that husky vid he's talking about Charles Hoskin made about Bitcoin is very interesting about he thinks in the future Most Bitcoin be wrapped and not even the Bitcoin network This was Charles Hoskins and coming out and saying, you know, what could happen is that and he talked about gold Versus gold mines. He said do we really need the gold mines? After the gold is mine. No, we just take the gold and then run with it And he said we don't really need Bitcoin miners. He may be right, but I look at it like this And of course, if you want to secure the network, you have to wrap it and do other things and other Projects but in all honesty There's so much money wraps up in Bitcoin mining right now I don't see how that could even remotely happen and Even like the senator here Ted Cruz. He's like big on Bitcoin mining because it's a job creation and Also in innovation and it's a revenue generator. So in that regard, I don't see Bitcoin money going away too much because just follow the money That's how it goes Speaking of Charles one interview, I don't know he keeps ditching me You mean he says he's busy, but I see those live streams and like, I don't know busy you are Charles But I'm just saying Just saying Yeah, but maybe I should lighten up Sometimes I'm just gonna go swimming in the green screen. The only time I'm gonna go in that pool is when we hit a hundred K for Bitcoin Jada Jabba says hey, we need to be worried about Nexo. Yes You need to be worried about everything and If you don't feel if you have vibes sometimes your gut will tell you what to do a little bit more Than the CEO coming out saying we're totally solvent and that's why there's this rule and This rule underneath there it says there's five there's five things Don't invest more. You can afford to lose Treat everything as a scam and tell her otherwise Don't leave anything on exchanges Don't use leverage and take profits along the way because nobody ever went broke taking profits So leaving that down exchanges nexo is an exchange So maybe you might want to think about taking off. I'm not telling you what to do That's not financial advice However, if you feel like there's something fishy then get it off of there same thing happened with me in Celsius June 9th when I went to Consensus in Austin people were telling me there's something up a sense up something up with Celsius some of the Celsius and When I got back on the 12th, I made a video said hey, if you don't feel comfortable Take it all off. I took my crypto off some of it. Unfortunately most was stuck in the What was it custody? So I probably want to I'll probably see it again at some point who knows but that's what it is. I will say this though This is gonna be super unpopular. Sorry, but it's the truth. I remember when machine ski I Think we all start as the hero What is that that phrase in Batman? We live We're long enough to be the hero and then or we die the villain or something like that machine ski I remember in 2000 March 2020 excuse me when we had this thing called the coronavirus. I don't if you remember that it's a big big virus that went around and There was a huge amount of liquidations there was a huge drop and there was a huge amount of turmoil and crypto and traditional finance and Celsius was able to only liquidate I think they said three people out of that who knows how True that was but they got through it and it was one of those things where I was like that is a Testament to what Celsius was able to do and they were able to hang on they were able to get through a black swan event then They just made some bad decisions along the way Obviously because they became and solve The budget are the same thing. They're they were a great company. I love their app I love the people I like the people and then they got into three O's capital and made one Uncollateralized loan for six hundred and forty million dollars and screwed up everything There may be other things along that I'm not for sure, but it just it goes to show you though that's you You start off good along the way and then for some reason just You make mistakes and then they're hard to recover from and hopefully that's why I did these rules to protect me and you And you can use these rules or you can add or delete or whatever you want to do But this has served me pretty well so far And that's it So I Watch you James have been every day personal like each one of your views you being bearish James being the Super Bowl and then being some of the middle ages. I always thought I was in the middle but yeah, I guess Maybe Ben's a little bit more in the middle than me some days. We'll see Husky vid Maybe Jason. I don't know what that is The Coinbase news the Coinbase news is that there was a Documentary that they did over three or two or three years. I think it's gonna be listed on On Amazon Prime, and I think it's coming out It's I want to say in the next seven days or so might be already been right now might already be out Probably give us a a good insight into how Brian Armstrong did things. I'd love to watch that. I Love losing money. That's why I love crypto so much wasn't always that way member folks Not too long ago November 2021 remember those days. Oh almost a year ago Good times, you know, we're much closer to a Bitcoin having events than not just saying X-dars so they don't trust myself not to lose my keys, but I have my crypto on three different exchanges do what I do Just have a couple of different stone books and Put your mnemonic phrases in each one and separate them Wherever you want to put it and Then you'll always have a backup Yeah, right jh says hit the browser update. I know I should do that Yeah, that's it fantasy either die a hero or live long enough to become the villain That's why the next bull run. I should just stop this. I'll probably just stop this this YouTube channel Just next bull run, you know, and we and we did a pretty comprehensive video about what I'm talking about selling crypto It's Bitcoin pops off first and all coins and we take a look at Pycycle tops and VR vz scores well multiple and time and risk bands And we kind of just mesh them all together to see what's a good time. Maybe that's why I just go You know what? It's been a great run everybody. I've been doing this since 2019 So maybe in 2025 or 26 whenever it is I just say great and Often the sunset I go that might be a good idea Not me can't believe Maddox past dot and market cap polka dots. Oh Yeah, it's a great project. Dr. Gavin Wood part of that Ethereum mafia Co-founder, but you understand polygon and Maddox They've got a lot of partnerships. Remember. They were one of six to be involved in that Disney incubator program they've been involved with Starbucks and their and their new rewards program and they're also a part of polygon studios where they take Games and different projects that are on web to move them over to web 3 and metaverse. That's a huge project I think it's gonna do really well Yeah, me too, but I'm pretty old Yes, this is very true. That could be true. I don't know. There's no There's no thanks to having my YouTube. I don't know about how that works Hmm Rob, have you heard that US residents will never be able to get sweat coins has already had tg? If that's something new that came out, I'm not aware of it as I understand it At some point they will but maybe I missed something. We'll find out What then it was bullish the other day when we only had a smaller gun Ben was bullish Can can coin ledgers still pull tax info from Celsius? Should mark this LCS is zero for a cap loss. It's a great question and If you follow I Did this yesterday? Let me see if I can find it. Hold on everybody. There's gonna be for everybody who's Uncertain about taxes because we had a tax extension here in America to October 17th and There it is There is going to be This up. Oh, let me show you my screen so you can see what the heck I'm doing There's gonna be an AMA with tax experts from coin ledger coin ledger Again linked in the description It's works great and you just you put all your data Integrated into For all the exchanges or even your metamask wallet and everything else so you can pull that data in and you can pay the taxes If you don't want to pay the taxes, I would not recommend that But that's up to you because I am not your dad But I would just say this it might be who of you to actually pay your taxes and in that regard There's gonna be an AMA with CPAs Especially versed in crypto and digital assets that you can find out in on October 11th So what I will do for you first of all just search for coin ledger And YouTube and it'll come up also Let me put that in today's video and we'll go from there deal deal I'm gonna do this right now This one, let's see coin The AMA I know for some of you're like we don't care because we're not in the States I'm not paying tax. Sorry payment taxes, but for some of you. I know this gives a lot of anxiety Because it gives me anxiety. I invested too early and left it on Voyager. So did I? See if we get it back And then he'll be very salty Bitcoin does not go to listen. Look, I would be salty, too I still think you can go lower. I think Ben will be more salty if Bitcoin dominance doesn't go up. Oh, Jeff. Congratulations, Sonny Brands in Florida an hour north of Fort Myers very fortunate after missing Hurricane Ian Marty says, you know damn well next bowl and you'll be telling us to take profits every week. Oh, yeah better believe it and It'll be annoying But if I don't say it enough times You won't get it and of course, what's gonna be great about the next bull run is you being here right now You get it you understand what's happening But guess what there's gonna be a bunch of tourists in 2025 or 2026 whenever it is on an old is maybe even 2024 And they're gonna be just getting in never like why would I sell? that's dumb everybody tells me to diamond hands and It's gonna keep going up. So you suckers who are they're gonna say What they said to me in 2021 you've got PTSD You're too old and don't understand what's going on and you don't understand innovation and we're just gonna keep writing it up And we're good to sit here and go sure kid and whatever you want to do And that's it. We can't tell them what to do. You can lead a horse to water, right? Michael says he was gonna be like uncle Scrooge's bitcoin bull. Yeah, he's snapping up bitcoin I mean How far away is he from having one percent of the total? Circulating supply Time great tough to catch your life from the construction site, but not impossible. Jeff sounds good, man You got to take a break, right? Travel and vignette rob is your very good and greater probably Not even gray or just whiter Pretty soon. I look like Santa Claus But an in-shape Santa Claus. So I'll be okay That's funny. Yeah, what a quick thumbs up Jupiter's got a great question Dynamic dca and the way to on the way out to yeah so I'm not an all-in kind of guy. I don't Like diddy diddy from the bitcoin family. I've had him on a couple of times great guy real fun And uh, he went in heavy when bitcoin was a thousand dollars, which was Looking back pretty smart but You know if you would have done that if you would have gone all in in 2017 At 20,000 you'd be right where you're at right now. You actually wouldn't lost anything But imagine 2017 18 19 Imagine it's five years just sitting on it and gaining nothing because you wouldn't sell or anything else So what I like to do is I like to dollar cost average in And then dollar cost average out and be as safe as I possibly can because not how much you make How much you keep and sometimes it's really about risk sharp ratios those type of things Just to be a little more careful. That's all Too much client pool perhaps so Uh norman says what's dynamic dca? So dynamic dca is pretty interesting and we've talked about this You know what the I should probably do a video on that but The best place to understand that there's this website It's called band pages cryptor.com and it's 100 free. I don't know if you knew that now you do And if you go there and you sign up and Don't steal my password 1 2 3 4 5 and you go there to investing module 3 and you scroll down To this one why dollar cost average it talks about that but more importantly This one here one and why i'm selling 80 percent. I talk about dynamic dcaing, which is you take a look at different factors And the ones I like to use are bicycle top nupl and those are 100 free from looking at bitcoin mvrvz score to your moving average 12 multiple reserve risk and time and risk use ben's website And as we start to go down let me just pull it up Let's just look at the mvrvc score Look at the bitcoin also links in the description for this one look at the bitcoin charts God dang it mvrvz So You can see here it makes it very simple colors, right? I'm not that smart. I like colors and pictures But anyhow, so the mvrvz score you got your market value and realized value And the market value is the price of bitcoin by the number of coins circulation, obviously, right? Realized value really take the current price of bitcoin The price value takes the price of each bitcoin when it was last moved, which could be quite some time So what it looks at is then is when we start to get into this green band area This is a prime time to potentially start to accumulate once it gets up here in the red area Potentially a time to start selling or dollar cost average out. So what I'm doing is like this Let me just blow this up So I think there's more of a downside, right? So when it hits around here I So like let's say I usually put in $100 for for bitcoin, right and actually I started a riker Let's say $100 of bitcoin per week. Which is very simple, right? So I see here is like the levels Let me see here is 0.4 as it starts to move down Like, okay, there's a there's a decrease in risk, especially in this area. So instead of putting $100 per week, maybe I do 125 right around here Now when it gets down here, maybe 150 and then when it goes down here, maybe 200 and then when it goes down here, which is like Armageddon Ah, he does this. Maybe I do 300. So that's called dynamic DC yang and you can see And we talked about this before In 2012 it went way below. So people like that'll never happen. It's happened On top of that It happened again in 2015 negative 0.49 and on top of that It happened again when The absolute bottom december 15 2018 negative 0.47. So at this point these are This is an investment advice. These are prime opportunities and I will make mention of this It hasn't done that yet Excuse me, dang it And also Oof, let me get some water. Sorry Not very professional Uh, there's this other one I always like to talk about And not that this is going to happen But could happen Everything could and another thing is this don't get stuck in like four-year cycles and it has to happen at this point Or we have to hit this certain number just go with the data and that's it But I'm just worried because If we go from The top of the last cycle To the bottom that's an 85 reduction That was in 2013. Excuse me In the last cycle well two cycles ago 2017 to 2018 It was an 84 reduction and so far we've been down about 71 to 74 percent So these are the things that concern me and not that they have to always be the same thing It just is one of those things that it stuck in my head but We talked a lot about Where there's an upside in today's stories. So I wasn't too negative I don't think Yeah, and the forest says it hasn't touched us years yet. Well, we'll see What makes you think I'm watching this I'm not watching this at work. Everybody's working I want to go. I'm not a big golfer. You can When will it will tell you when my golfing one time? It was awful. I'm a better caddy So norman says and how do I know that when it gets under the impossible zone? It's not going to zero That's just it Could go to zero Here's my question everybody If bitcoin went below a dollar Would you buy it? And it sounds kind of ridiculous, but you have to understand The mental aspect of that is when you see bitcoin go from 20,000 to 10,000 like it was a good idea I should probably buy some Then what if it goes to 5,000? I'll still buy some maybe a thousand. I'm definitely going to buy some As things start to go down It's amazing how the mentality starts to change and you start to hear The stories around that it's going to go to zero and it's never going to recover And this was a Ponzi scheme and everything else and I always remind you of this. There's a great website It's called I put this up 99 bitcoins What's great about this site? Let me show you it shows you all the times that bitcoin has died And well, this isn't fun. How does it go all there we go This is all the times. Let me just deal for a year just a year Bitcoin died from bloom bloomberg state status I don't know what that is the guardian It's all gonna it's always it always dies if we go back here every single Month seems like it dies all the way back to 2008 why bitcoin will fail Forbes this is a Ponzi Then it goes up here and what's more funny is that I find a lot is that as it starts to peak and you see more of the The Swedish co-founder of bitcoin to come as long as bitcoins interesting Yeah, and there it is. So it'll always be dead And there'll always be people that say it but will it actually happen? Not sure That's it I got yeah, I mean too. David. I got 10 bucks. I can I can buy 10 bitcoin for a dollar. I think I'll be okay Shannon says I'd buy it all And Jupiter got a good point that approach didn't work so well with Luna. Yeah, that's the truth I'm buying hell of bitcoin Yeah Context no matter if it went below a dollar. I think if it was below a dollar Maybe like something happens like a double spend happens. It was a Problem in the code that no one figured out and someone figured out and then off it is or maybe I don't know. Craig Wright comes out and says hey, I really am Satoshi Nakamoto and here's how I prove it and there's this I remember him a couple years ago So there's some kind of bomb that he put into it that would expire at 2021 sure And that's it. All right, everybody. So 42 minutes is pretty good time I got to get out of here got to do some other things, but that's it for today So what did we learn today? First of all never click on that button that says Over 18 only because then people think that's going to be me doing something crazy That's a youtube on me and second of all we know that not everything's bad and awful I think there's a lot of positivity In the horizon just right now. We got to go through some trouble spots But I've always said it before I'll say it again. This is the time when millionaires are made and when people Just have to be boring and just keep investing and time goes on That's not financial advice is what I'm doing But that's it for today. So like this video give it a thumbs up subscribe all that good stuff And that is it for today. So thanks so much for stopping by do appreciate it And I'll see you on the next one. Adios