 Clouds is I'm starting to get the bull tangles excitement is coming. It's true excitement is coming I think the thing that really kicked it off was all the talk about the ETFs, but Man, I gotta tell you Man, I gotta tell you I want to show you something. We talked about this last time ETFs I Took a look at all the different Bitcoin futures. I know this ever is talking about the spot ETF It's very different in a futures ETF. It's just paper Bitcoin. It's paper commodities. It's paper derivatives It doesn't exist, right? It's just gamblers essentially to me And you don't have to buy the underlying asset and futures are great for shorting the market and causing fear and Last futures we had pro shares Bitcoin futures. This is in 2019 October 2021 when the price was 64,000 65,000 from Van Eck and then This one Valkyrie Bitcoin futures when Bitcoin is 60,000 pretty much just went to junk up for that So futures are great for that. Also, there was another futures that down at 20,700, but that was a short Bitcoin ETF They should have done it up here actually, but whatever and then none other one just came out for a leveraged Bitcoin ETF That was on 27th of June interesting so Never forget that the future is the big bad one the first one CBO Bitcoin futures. That's what's crashed the market initially in the last well the 2013 or 2012 3040 15 the 2016 718 19th cycle. This is what crashed it, but that's futures spot It doesn't really do a whole ton. I mean there's a little bit not bad I guess so will you take a look at the different Bitcoin spot ETFs which have been approved just not in America Canada There was two that were there was a purpose Bitcoin spot involved ETF on 18 of the February 2021 Bitcoin price was 51,000 It's not bad 8th of March for Galaxy Digital 52,000 3iq 15th of March 55,000 and then Fidelity that a Bitcoin spot ETF on 30th of June 2022 at 19,000 pretty good one But I'm just not 100% convinced that this all these ETFs Are really fantastic and on paper looks pretty good because you're like well that means that they have to buy the underlying asset that means that's You know you have the black rocks and the Fidelity's and park and they have to buy Bitcoin. That's good, right? It is good But doesn't mean they can't just short the living peck out of it Just like they did in futures it just they have the asset itself, and then they sell off whatever else So just be aware not all Perfection oh army Piper officially retired congratulations. Welcome to the club It's a good life Do whatever you want to like goofy videos and hopefully Tell people all your huge mistakes. They don't do the same things And Nick Serafan says rumors are going around cryptic way that Gensler is resigning. Yeah, I saw the article It looks like From a source who from a guy who knows a guy who knows the janitor at the SEC is like Hey, it looks like Gary Gensler is gonna retire or is going to resign sure So I don't know. We'll see what when it happens if it does happen I will tell you this it'll be a pretty good day for crypto because that will raise it up Quite tremendously and that'll be I will be quite happy, but I will say this Sometimes it's better to trust the devil, you know and the devil you don't know when Gary Gensler came in I did a video about it. I thought this guy is gonna be great For crypto the reason why is because he understood crypto and he said very clearly when he was teaching at MIT That three-quarters of the market which at that point was Bitcoin Bitcoin cash Ethereum and Litecoin were all commodities, but these you know ICOs are very dangerous and they weren't so they were securities and I thought well, that's pretty good At least he's gonna you know get on there and probably prove ATF didn't So it's up to you to speculate on to why he didn't do that. I have my theories, but it doesn't matter Doesn't matter. It's I Can't control the events only my reaction to those events. That's it Yes capital exactly Yes The thumbs up Ah Tap the like sure It is very soothing I should I think after this after I go away from YouTube I will just do audiobooks and just be the voice for just reading books Then is to be sleep spectacular SAS is in line with me. I'm learning each day. That's very true There's always things to learn and every time it's amazing to me like my thoughts and theories Just you know a year ago are totally different today as far as what to get into as far as with Just investing in general not just crypto welcome Ben's data is really good. It's a great website and like I think it should be in everybody's arsenal quite honestly There's that actually is a free option when you click the link down below for Ben's website There's a free sign up and you get certain parts to it Of course not everything and then of course once you feel comfortable and you're like, you know what I want to have more data I need this more stuff. They just then you re-up and I get in the paid part Whatever you want to do James I gotta tell you I don't like that fear ingredient next. I'm gonna show you why Let's do this See if I can find it first All right, let's deal from Ben's website. Shall we? He's not watching he won't care. Let's see charts Fear and you can find this you can find a fair and fair and green index a lot a lot of other different places So with the fair and green index again So here's here's a prime example So fifth of October 2020 You had fear fear fear fear fear greed October 2020 And then we get to extreme greed when you get to extreme greed. This is with the time to sell right well Let me get this out of here. If you sell here 15 November 2020, what's the price there? Let's take a look Hold on. Is there an overlap on this one? moving average I Know there's a way to put this Bitcoin over it, but I can't so I go from To extreme get to extreme greed on 25th October 2020 First November close enough, right? You had the price of 13,720 You would have sold at 13,000 which is not bad. I mean look pretty good, but then look at this Look at all the upside you're missing up to $38,000. You essentially doubled your money because you were following through and read index only I'm not saying it's a valuable way to look at things It is But just be careful That's why I like to look at as many indicators as I possibly can but there's a comes a point when you get paralysis by analysis Again, that's why I like a little summary to keep it simple. I'm not that smart and I need a ton of help All right, let's see Bob's videos are interesting. That is for sure. I don't like Bob's videos because they go against my narrative But I have to watch them Because you know, he did a really good job last cycle. So I have to make sure I watch these things and say to myself How wrong am I? What is my commitment to this four-year cycle? Where can I improve and look better and make sure that I don't fall into the same pitfall they did before? So you have to do it Yeah Do you know I have a lot of money for my grand show in 2020 Bitcoin Bitcoin. Yes For all spite now. Yeah, that's true. Oh, it's a great question As if anybody cares, but I'll tell you Rob, what you used to do before crypto. I was the military I was a combat medic and then I Wanted to get out of the field and I cross-trained to be they called a super medic or an LVN Then that was a what was because we called I guess now an RN our registered nurse and then I did that For quite some time that I went into management home health care Medical device sales and I said, you know what I'm sick of working for people sucks So I started out my own online education platform, which I helped nurses pass their clinical exam And I figured out that you know what this passive money is pretty cool I should probably get into real estate and I started to buy up houses and things like that And then I would rent them out long term This is back in time when there was it really wasn't a short-term rental type of thing so I did rentals for long-term and That worked out pretty well, and I branched off here into sports facility where we do sand volleyball sand soccer And I got into more real estate and then I figured out that there was a great opportunity with Amazon so I did drop shipping and then As time went on and I just let everybody else kind of I Would hire people to help me run those things then I got bored I got into crypto because I was bored and now I'm here and I gotta tell you in the bear market It's kind of boring. So these days It's now it's more short-term rentals Amazon business does does a little bit stuff sports facility we have event managers that run that and I make videos for you guys and I Way bear all my screw-ups How I learned things that's it Let's see. Thanks, Rob. You kind of ever heard of the 18-year property cycle, which is supposed to top run Yes, I have heard of it matter of fact and this was Weiss Gentlemen that came on the show and we talked about these cycles It actually it looks like an 80 year cycle. Well, I mean just there's four parts to it And you can take a look at this cycle the it's a it's amazing thing how like these cycles have like there's four parts to it There's that property 18-year cycle. There's that cycle There's another couple ones Like the like the fourth turning which is every 80 years and 20 year blocks we go through a massive war and That kind of destroys everything that we build everything up and that's coming to a head now in coming up matter of fact So just be aware that it's just that it's as essential says very interesting times Take a look at the fourth turning T-u-r-n-i-n-g to see what I'm talking about. All right Yeah, you cannot work for anybody else. I became terminally unemployable Decade ago or something like that Yeah, if if you just don't want to deal with like the hassles of working for yourself then just work for somebody else But I can't do it and that's why That's why once you work for yourself and never go back Yeah, how's Solana look? Let's see as far as risky Solana Wow Solana is currently in the 0.1 to 0.2 risk band, which is only 167 days. It's pretty low As far as the risk goes I Mean that's just one indicator, but me personally. I think it got a bad rap after the connection with FTX and these are the things with with with connections, you know, like Like I know people complain about Solana to say, you know, it it's always down It's always a problem and like it's not always down. It just has more hiccups than a lot of other a lot of other Cryptos or some other cryptos will say and people will always say well Cordon was never down. It's true I was fine-chain But I think it had a bad rap when FTX went down and they said well, there's so much investments because of FTX But in all honesty, it's not a bad chain. I there's one thing that I don't like about it, which is the developers themselves They are hardcore engineers, right and they worked They worked for other Into other industries and their whole job as developers was to get the product out and ship as fast as possible And things were broke whatever they're broke and we'll we'll fix them on on the rebound and you can do that, you know, like If one of your apps crashes for whatever it is It's like well, sorry, you know, I crashed it But it was vulnerabilities and you lose it Imagine if there's some problem with Solana itself and there's a hack has there ever been a hack? No, there hasn't ever been but it just kind of makes me like They work they work very quick. Sometimes it's better to measure Measure twice and cut once but does that mean that I have an investment in Solana? No, I still have I've invested a little bit in Solana. Go figure because in all honesty, I don't think it's It's not just about what the product can do sometimes just about the narratives Yeah, armies can make content here, but not a bad deal Yeah, so he does a lot connected to FTX now. They don't know for me. See this is the thing like it's connected But I mean is it really? Because Sam Baker and free took a look at it and said, you know what this might actually do pretty well And I invest into it come to light that SPF wasn't the genius everybody thought he was But whatever so We'll see You know, it's a funny thing People laugh at them when Solana said they're gonna bring out that their own phone and actually brought it to market It does work so Actually able to get stuff done something to think about Yeah, it is a bottomless pit. Sometimes it's just a pit. It's a good question When pool dive estimate so I will jump in this pool when crypto hits 100k I don't know Bob Lucas seems to think it's gonna be a hundred K in 2024. So we'll see and then of course Tim Draper is still one of the assumption that Bitcoin will hit a 250,000. Yeah, this year, which I think is ridiculous but hey Tim Draper did pick up. What was it? 3000 Bitcoin for 600 bucks when the government sold it to him back in 2012 so or no, I think it was after that Which would you invest in soul or avalanche? Very simple. I would invest in both because as far as layer one solutions go I don't know which one's gonna make it. I don't know if it's gonna be is a theorem gonna be the one Wow, there's a lot of talk about even some of the different developers don't want to stake it But it's everything. Everybody's built on it. Everything's built on it They're almost the narrative will stay true until something else really comes out And you see everybody building on it and people say well, Rob That's what's going on with Cardano and all the the Cardano ecosystems and the DeFi projects true a lot of people are, you know Hopping up on that one and if another thing is if you're looking for a place to stake D new stakeholders been up for a year and a half almost two years now links in the description show you how to do it If it's on exchanges, why is it on exchanges? You can take it off very easily. Just follow the instructions. So layer one will be, you know, Cardano layer zero We cosmos why not just invest into that or maybe avalanche or maybe Solana or maybe near protocol Which launched my favorites free app sweat coin They had over 200 million downloads of the sweat coin app itself And when they did the largest token generation event in the history of crypto didn't even blink didn't shut down no problems So when I take a look at all these things and go, which one's gonna make it? I don't know So I just invest I just diversify and go from there. I know people will tell you but oh, it's definitely gonna be avalanche They don't know. They don't know squat Like oh, it's gonna be great because of this this this Whatever have you met ran nooner newer new I think his name is nooner from He's always on the Twitter spaces and he's on the DCA show now and Crypto banter I never met him. I Don't know. I know Seems to be everywhere though. I'll tell you that What happens when sailor becomes the first quadrillionaire? What do you do with that? You know and that's another thing about that like And if we're trying to diversify or decentralize, I don't know if it's really great to have micro strategy having 1% of the total circulating supply of Bitcoin and Then you have to remember even though we have 21 million, you know, many of those millions are lost I want to say like 5.5 or some people have it as high as 7 million are lost because the people that Mind it before had it before and have lost it and people are losing Bitcoin every single day Because they lose their private or their yeah, they're mnemonic phrase and private keys So when I see like micro strategy like I have 1% We'll see We will see but that's not my responsibility my responsibility is this stack sats and thrive or stay alive and Thrive till 2025 That's the one Freedom says how long we'll take to witness a genuine bull run post when we're having I know I think it's I Think the last bull run got screwed up if something happened Something didn't add up in the last bull run Maybe it's because I wanted it to go on forever, but it just was there was so much There was so much Manipulation going on behind the scenes where you have like FTX saying oh, you know People want to buy a Bitcoin and we're on the exchange will buy your Bitcoin They didn't buy your Bitcoin they took your money and they they bought a bunch of property and real estate and they were gambling Essentially on it with trades. They didn't buy your Bitcoin. So no one bought the Bitcoin And then you had three hours capital screwing up everything behind the scenes on top of With Celsius taking, you know your crypto and rehypothecating it and it's kind of Ponzi scheming everything and then making themselves rich And of course Voyager comes out and gives a loan three hours capital for six hundred forty million dollars on collateralize I don't know what the hell that happened or why that happened I just think there was so many things going on and now we're seeing everything coming to light and prime trust another brother an Example they lost their they lost the private keys. They had one job. They lost their private keys of their wallets and Now all that crypto is gone so again All the things that happened in the last bull run were so many scrubs. I expect this one to be a little bit more concise Hopefully not so many pitfalls, but Hopefully hopefully you learn from our mistakes. Unfortunately people have the memories of goldfish and I will guarantee that the next people that come in are going to I'm gonna start complaining about these new Whatever what whatever platforms come out. I'm gonna start complaining about it I'm gonna start reminding people of Voyager and Celsius and FTX and prime trust and da-da-da and I'm gonna get so many people going. Okay boomer Okay, you don't know what you're talking about because you just have PTSD from the last two cycles that you live through. I Will bet you guys of Bitcoin. That's exactly what's gonna happen because the new people think they're smarter than all of us because they're They're on part of this this new wave And it's the same thing that we talked about when I got it in 2017 2018 when all the old OGs were telling me you need to self-custody You need to do it Because if you don't do it, there's this thing called Mt. Gox and all that all those funds went away I'm like, you don't know what you're talking about This is totally different and now we have you know, the government's talking about it and we've got people who are you know really on top of things and it looks like they're They're very transparent and da-da-da just turned out that we were all still wrong. So That's what it'll be Please get Kevin O'Leary off the mainstream interviews. I can't do anything with him and Hammer sauces that's the cycle fresh me getting a right each cycle. That's very true actually Could you quickly summarize again besides price charts, but websites metrics do you use so? To make this very simple Where'd it go first of all Here's the metrics I use I take a look at this daily again You can take a look at the Market value versus realized value and a z-score kind of just knocks out all the all the noise to see where you're at well multiple this one something about Dimension returns all time low blah blah blah And I can go through all these actually you can actually find some of these in a website called look into Bitcoin comm But then you have to go through all the things and this one just summarized it So I just go through this and I want to break it down. I'll take a look at them individually. So there's this There's a time in risk bands use that a lot and And If you want to do like I'm not into the daily trades or weekly trades But that would be something like to follow Tom crown. He can help you out with that All right So to summarize, I'll tell you the websites Ben's website look into Bitcoin DCA-CC and The couple other ones might look for DeFi, but that's not for here What what about pulse chain Saw it on deck screener decks told you really no comment about that. I don't know. I don't know what it is I'm gonna this is a Richard Hart project. I believe I haven't really followed it. Yeah, there you go Piper I got a family in but we'll do a meet-up Next week, I think I'd be a good time Maybe when it's not 110 degrees here in El Paso. Yeah, it's a good idea. It's a great idea Maybe you start talking about Bitcoin dominance and Ben should talk about Four years cycles Yeah, that's true. And then this one and this is it Well, there's two things actually I DC in the micro strategy diversification method. That's not bad and that's why I'm not gonna get into it. That's why Michael Saylor buys Bitcoin because it's good for his company and he believes in it So sure Polygon and Cardano possibly security was a bit that it's all depends on what Gary Gensler thinks it is I don't agree with him, but it's not for me because I'm not I'm not a lawmaker. I'm not in Congress and it's up to him to interpret the laws or To understand whatever Congress put forth and to enforce it It's not his job to write the laws, which is kind of what he's doing right now a little bit But it's his job to enforce it and he believes wholeheartedly of their securities whether that be his opinion or someone else who paid him for the pain I don't know. I I Don't know what Gary Young is doing, but that's it for today So look time for me to go to the water park got the family and grandson's here So we're gonna take off so anyhow like today's video thumbs up consider subscribing subscribe to somebody I don't care who it is, but you need to follow up with this and there's so much things going on It's hard for even me and my team to keep you informed So give as much information as you can hopefully make it out in the next bull run and I'll see you guys the next one All right. Have a great weekend 4th of July coming up. See you guys. Adios