 But that's it now. We'll do a little Q&A and I'll answer all your questions From there. All right, let's do this Jarky If you have a Bitcoin monitor, just connect electricity to a street grid and you don't pay You don't get to pay electricity again. Yeah, you know like when in Puerto Rico you have the the the favelas Down there by old San Juan, which is where pro tech shows builds all their all their roofs for free And they just connect to the grid and no one stops them Luma comes down says hey, you shouldn't do that. Like you want to get your head beat in Then just leave us alone. So yeah, I do that I've seen a lot of cool videos and pictures of people heating their entire house of Bitcoin miners. I thought that was pretty smart Ah crypto keeper long time no see up there as well Could be 50 Yeah, I agree with me. I'm not sure about the mining company. They may have too much debt But the machines themselves another question. Yeah machines themselves work up pretty well, but again The thing with technology and Bitcoin miners is that there's always a new one coming out that is more efficient That can make you more and then of course the old ones become obsolete I just find Bitcoin mining an extremely tough industry to be in and when people talk about how easy it is to make funds look, I Got a friend. We'll call him Pete and he's been in Bitcoin mining for ever and Was talking to me about how great it is and he asked me for a loan because the different different factors that that's Caused things to collapse So I'm just like well It's good. Now. I got this real estate works out pretty well Ah Sin City crypto possible for a bit Bitcoin improvement pros on tent to spread out hash rates So small guy can get a Bitcoin reward. No sin cities. Let those guys die. I'm just kidding. Yeah, that'd be a be up to the community Mr. K what did I miss? Riot blockchain is doing pretty good Bitcoin miners still keeping their head above water strong will survive ThunderDome. That's about it I'll do some wash trading. I mean tax loss harvesting before it's too late. You got three days Jordan's enough. I gotta tell you ladies and gentlemen It never ceases to amaze me and I get it like there are some entertaining people in in the crypto world that But they don't really do much, you know, they don't really It's all I Don't know it's all hype and stuff like that But like Jordan and his channel is fantastic. I mean this guy He's been dealing with in real estate Selling over a billion dollars getting involved over a billion dollars with real estate when he was in his 20s now, of course, he's think he's just hitting around 40. He's a young kid and He's got a lot of information to share the problem is he's not very hype. He's not very sensationalistic So I just try to bring attention to his channel. I think it's a good channel. That's it Drake says you're wrong Rob. Just use VPN ban cryptos like banning a cow giving her milk It's not possible. That's a good point. You can use to use a VPN I got a VPN now and you can do a lot of things with it. The only thing is that Which this is it which Because I've heard of these stories and only takes once People would connect to Binance International and not Binance US who are from America. They'd use the VPN But the one time they forgot to use the VPN Binance caught it and they locked all their funds up That is scary But you can do it. That's for sure Sean says the pools and large miners will always be out of the thumb of nodes If you had to quote a bad actor on a third of the network, you are scrod. It's interesting Jay and chow when it's gonna get worse minor profit is minimal Electric bills getting more expensive, especially in the EU sweet Marion Joseph If you've seen the prices the inflation on UK, let me show you in a bit Impending dooming industry might see capitulation Q2 save money by a lot of Bitcoin and mining. Yeah, I gotta agree There's this great website Called true flation I've talked about many many times and what it's great about it is it uses chain link as an oracle to pull in real data and We can see real-time data as far as inflation, which is this is Again, the Fed was telling us that you know inflation is only seven eight percent and I was looking at true flation Like there's no way it's that you know twelve and it's got a lot of different inputs And of course now it's doing pretty good five point seven three. However, look at UK That is ridiculous 20% year-over-year rate increase Insane and where's the most of it coming from? What's this red one? Housing now, which is one thing you till yeah, that's it right there that's Insanity any 5% increase so my heart goes out to people in the UK Pretty hard to make any profits when everything's mean Inflated away to oblivion Jay today, so I missed the bullish part all as I said Jay was this It makes no sense Why when things are starting to collapse? real estate Equity some things like that if we just get some clarity Just clarity on what is a commodity? What is a currency? What is a security? Then you can have the bigger companies and bigger institutions allocate some of their funds Even you get like one or two percent of somebody like you know Like like the black rocks or sovereign funds or something like that and they just kind of come in and go Well, it was we'll allocate a little bit It's all we need and that will be huge It's just getting it there, but no one seems to want to believe me Nobody nobody wants to believe me about anything about regulation like I am the moron on the hill Who keeps talking about it? And it's like we don't need regulation Rob You don't know what you're talking about. We can just do whatever we want to do and that's it. That's cool That's fine, but you understand like with retail Retail can only push us so far. I need to tell you that and then we go from there But you know some people I Understand the argument. So it's just I have my argument. That's it What's your thoughts on soul good time to buy more I don't know I Don't know I stopped delicose I don't even for a while. I just felt like it was gonna collapse with I Still help I still held on in so I mean I sold Stuff in 2021 wanted to buy it when I had to buy more property But I think right now I wouldn't touch it. I think it's got a longer way down side to go. I Also think Bitcoin is more down side to go and Ethereum and Cardano and polka dot and tomato coin everything else out there I just managed to go along I was taking these These courses which you just you just talk in Spanish with somebody for like an hour or two hours a day And I was doing pretty good, but then I ran into some hard times And I just couldn't couldn't keep going on This is which is why I'm doing this now because I have to keep myself busy and keep my mind off things Ha Rob does loans You don't want to be you don't want to loan from me. I'm a real jerk You're welcome Let's see. Yes, Vicki. Thank you the sovereign report savants report with Jordan Weir's YouTube channel link in the description So this is a good question Steve Reynolds and again, I'm not a miner, but this is what I got Why would miners be in it for the long haul 30 plus years the reward is being halved every four years How is the network going to stay decentralized? Will the fees go through the roof in the future? so Sorry was up late So you have to understand that first of all, there's this great graphic I Just had it ABC the havings Look at this This is good So we can see here the amount of having that are having are happening This is only going to be our fourth one in 2024 So we went from 1245 to 6.25 and then one of 6.25 which were presently and Well, we're at 6.25. Excuse me Then of course 24 2832 and just keeps going on and on and on so the question then becomes well Why do I keep working the same amount but I get half of the half of the salary wouldn't that suck, huh? You're at the job like Hey, Rob, you're doing great. You know, I really appreciate all the things you're doing I need you to keep working the same amount of hours, but we're gonna cut your pay in half. Have a great weekend Would you stand for that? Well, not really however If you were getting paid in I don't know Let's just say Bitcoin It's the best example. I can think of you just you're getting paid in Bitcoin and of course When your salary goes down, you know, we get half of Bitcoin Let's say Bitcoin's worth in May 2020 is worth $10,000 But then in November 2021 You only get half of that Bitcoin, but it's worth $67,000 now you're getting like 30,000 like what's not too bad Actually, I'm doing the same thing same kind of work, but it's going up The only way this works folks Again, the only way this works and Michael Saylor can Well, of course tell you that the only thing that you should ever buy in your lifetime is Bitcoin because in a hundred years That's all it's gonna be. You may be right. I don't know but I like to diversify a little bit and that's just how I am you can do whatever you want to not your dad so For this one miners will keep sticking around as long as it is profitable as long as money flows into it, let's call a spade a spade and As the funds go up people will be happy and I'll do that now once things start to start to change and shift and people start paying for things in Bitcoin To the lighting network, which is I need to do a video on which is doing quite well and really is Increasing adoption then the then the whole dynamic shifts, but right now. It's all about the funds and it's all about how much is in dollars Some people think of it as bitcoins Per the per the value amount because one Bitcoin is still one Bitcoin However, right now if you're a Bitcoin miner and you want to keep the lights on and Not have to get a loan from Mike Novogratz. You need money and how do you get money? You sell Bitcoin for money and that's how it works So you can go and you can do loans For you Bitcoin, but you better be damn sure that you have enough of collateral I did the same thing with Ethereum and guess what happened When The rate of Ethereum went down Because that's just what happens in bear markets You better have a heck of a lot more Ethereum to collateralize your loan If not, you get liquidated So again, I Mean, this is why I harp on these things It's all a circle to me and then lastly will the feet will the fees go through the roof in the future. That's a good question and If we take a look here There was a great Here if we're using on-chain metrics and we're taking a look at the fees Let me get this out of here and we're looking at the fees the average transaction fee in In April at the very peak was $62 77 cents. Are you gonna pay that for every transaction? Well, I guess it's okay if you're moving billions of dollars, but chances are you're not moving billions of dollars. Are you? So if we take a look at this, let's just go through all time It's amazing when all time eyes hit everybody wants it. Everybody wants Bitcoin. Here's 2017 December 20th Every transaction is $41 here. We are probably November. Oh, it's April. Excuse me April $58 then around here is a dollar or two dollars Which honestly isn't bad depending on what you're actually moving compared to like these on Mastercard 1.99% transaction fee. Come on. It's crazy However, if you want to do that for everything Buying a cup of coffee prime example. It's $3 transaction fee is 225. I don't want to do that So the only way this works is letting network gets involved and it's all off-chain. Well That's essentially what it is and They pick up the side on the later end So it only works if we don't use everything on chain for Bitcoin and that's how I see things working. So a great question Yeah, sailor convinced miners not to sell trust me. They're selling Trust me. I'm gonna show you why So There's this great website. It's called crypto quant calm. I'm gonna sign in I'm gonna use my password one two three four five Hint that is not my password dashboard My dashboard Dan digital asset news that is me minor outflow You blow this up for you What is this it's great question Minor outflow is the mean amount of coins per transaction sent from the affiliated Minors wallets we can we know which ones are the miners wallets After all after all this time just like we're able to identify a Binance wallet a cold storage wall and a coin baseball and so on and so forth and you can see That again, yes, you can take loans out That's that's a sailor classic move. We're just gonna take loans out against our crypto And it'll just keep going up forever doesn't happen like that And that's why some Bitcoin money operations went under Whether that be fault of their own or not doesn't matter See all these little green spikes. This is when Bitcoin miners move their Bitcoin from one wall to another. Why would they do that? Probably to sell not that this is every time that they're selling That's a pretty good bet like I can move my my Bitcoin around I don't do it too much. No reason. I do it is if I'm gonna pay Now my man and are though biggie or if I'm transferring from Coinbase to my cold storage wallet That's pretty much it. It's really all I do, but you're gonna see that along on the way. Here's the outflow That's six thousand four and twenty bitcoins on November 8th Two thousand three thousand one thousand. Let's see what's over here. Oh, look at that One thousand two thousand three thousand something around there and that's the price and of course just so you know like when the price goes up Minor sell. Oh and also by the way, let me remind you is something It's a great website look on the Bitcoin comm there's this thing called charts You know people always tell you the diamond hands. You got a diamond hand son diamond hands diamond hands I swear to God. I swear. I think people say that so they can dump on you. There's this great one called Whale shadows I've talked about this before let me talk about it again The indicator shows when bitcoins that have not moved on change for many years finally move again And you can break this down. Let me get this out of here by Bitcoin that hasn't moved for four or five years or five and seven seven nine ten years Just so you know if you take a look at this Isn't it amazing how it doesn't really move too much when the price is low But then when the price goes up all of a sudden it starts moving Why does it start moving because if I had a Bitcoin sitting around for five years? I just had nothing else to do one of my Bitcoin. No, that's not it I probably send it to my exchange so I can dump it on people and that's that and there's nothing wrong with that I'm just saying what's wrong with it sometimes as people going you got a diamond hands diamond hands and behind the scenes They're lying right to your face because they're dumping on people which whatever. That's what it is That's just four to five years. Now. Let's take a look at five to seven That same thing price goes up people dump on you. How about seven or nine years? Look at that and then also but Rob the old the OGs wouldn't dump on me I love dumping on you kidding me ten plus years price goes up. So That's it for that What are these mythical prophets Rob keeps talking about Ladies and gentlemen, we have to get better at it We have to be better investors and crypto golfers got a good point at some point Just like we took a look at the historical s&p 500 when things started to collapse And it was it was winning all-time highs for over a decade. There were still many little bull runs within the bear market So we got to be better at identifying when these little bull runs are happening and not saying and not getting caught up in the The idea that hey guess what? Bitcoin is one of 10 percent this week, which means Bull run, baby and lambos and moonshots. It's up to us to figure out go Maybe this is a good opportunity for me to take some profits along the way. Nothing wrong with that Let's see So jane chess is rob Would you ever touch crypto if usa just the part of made statement that anybody Who touches crypto who didn't declare themselves as security will get 10-year jail sentence or 500 000 fine take risk Why would anybody take that risk? like I would really like crypto to flourish But i'm not gonna pull a sam bakeman freed And be like, yeah, just you know lock me up for 10 years because that's probably what's really good for my family Nope Sorry, I don't know if anybody else would disagree with me like rob. You're you're a fool. I would definitely take that risk I think the next the the the bigger question would be how would they come to that that conclusion And to do that and people and of course people right now are screening going rob. You don't understand that's right around the corner maybe maybe But i'll tell you if that happens hmm Actually, I know exactly what I would do But I can't tell you here. Maybe I'd make a patreon and tell you exactly what I would have to do but Yeah, there's ways around that All right. Hey rob. Have the dca show stop doing it Let's see Oh, well, thanks. Well memes on board. I got one You are no jerk. You should have met me like 10 years ago All right Oh, wow jane shouted a pretty good pretty good thing. No nobody believed me in the end of 21 when I capitulated When powell started increasing interest rate never fight the fed sold everything. So wait for the job smart Really good. I didn't do it as much as I should have I mean everything's as good as it can be Bit by rumor There's always a rumor about him Heard rumor that sam is dumping whatever wallet he can find for because Thus maybe reason why sold under 10k today 10 dollars. I don't know how many can they enforce and I heard about that too I heard one of the wallets that was controlled by alimony to research all of a sudden became live When sam got out of prison David I I just I just see slowly going taking more of a slide This is a great handle Critical mass gym that makes me want to go lift weights. That's a great name if sam is doing is doing it He is in violation of the stats. He's an embellished. He's playing around with alimony to funds gets caught He'll be liable for the whole term, but he might know of it, which is a good point And yeah, has anybody been to jail? Yeah, you don't have to put up the whole he'll be home out. Just let you know Let's see Marcus says chance of a new well-timed high next cycle or in jeopardy. No one is explaining this idea No, no, we've talked about this And even though the fire cycles have worked in the past doesn't mean they're gonna work again I personally believe like if we don't hit in 2025 2026 2027 here's the question. I mean for me I can hold on I I'll be okay Waiting, you know in the two years and accumulating And taking profits along the way. I'll be all right But can you do it? Can you hold on for the blow off top or can you not? That's the question I do think it's gonna be different this time because we don't have The leverage that we have or had and we don't have the shenanigans that was being puppeted by FTX. I really do think that they They monkeyed around a little bit too much and they stole part Of of our bull run I I just Just that that's why I take a look at Yeah, I'd have a chauffeur too Let's see I think that's it. Well good. We do it Look guys, that's all the questions that we have. I think we're good for today. So look you like today's video Thumbs up. It's just subscribing all that good stuff And that will do it. So thanks so much for stopping by. I appreciate every one of you And I'll see you guys on the next one. Adios