 So comments Alchemist says here's a thesis apes throwing feces coin each other is how this ends potentially potentially I'm not for sure but you know, I did see that Snoop Dogg and somebody else recorded a a song that you can only buy with I think it's a coin Which I'm like, okay I know I can't remember the last time I actually bought a song online But I mean maybe that works out pretty well. I usually just stream it from youtube actually, but sure And let's see what else we got Great concept. Thanks, man Moonbeam for the win. Have you looked into cadena? I think it's one of the lot potential, you know CT Larson and he's got a video. I just popped up. It's on my my playlist to watch next. He's the the thumbnail was Uh Hodel is overrated. So I gotta check that out But he's the one that he's actually the one that reviewed cadena and at first said it's not that great And then he had the CEO come on the show and he's like, it's not that bad. So yeah But um, the question then is what will I get into it? I have to take a really heavy look and it would have to be super awesome Especially right now when we go from there Steph says which coins you do see into the hardest very simple bitcoin ethereum I'm also buying amazon right now because they're going to do a stock split. God damn flies So, uh, yeah Going for dinner next time ever. Listen Uh I'll I'll be honest. I get like requests all the times. Don't take it personal. We'll do a meet-up when I go back to Puerto Rico Which will be for everybody to see, you know How how do you think luna and luna classic will get to I'm pretty sure it topped out But I could be wrong. Maybe it goes 100x. I don't know, but I'm not going to touch it When trust is gone, it's very hard to get that back and I don't know and speaking of which I just saw this text. Let me read it to you. This is actually pretty pretty crazy friend from Puerto Rico sent this over it's called it's uh follow fat man terra says a verified insider insider close to TFL has confirmed that dokuan Is currently working on design plans for a new decentralized stablecoin That we will be built atop terra-2 Who's going to get into that? I'm just asking I'm definitely not All right, soff says All while the information is telling me that 2.0 is no longer 2.0 And it's delayed and now the catchphrase is ether. Can you smell it? so That was a good story. So The tala comes out and he says august August the day where that's the upgrade that's we're going to go to the merge Which is this the second portion on the on on the on the three legs of Of this upgrade and then in that same interview which no one really talked about he said well That we find some problems. It could be september. Maybe october, but shooting for august. I'm like, okay I don't hold my breath. I mean I'm not gonna hold my breath in this one again if you're looking at a six month out outlook you can But in the long run, it's not going to do out. Do you any good? I think Three year five year ten years the way to look at this market and just exactly what I said in the very beginning Take a look at the ones that have been around and have stood the test of time those the ones to get into you can be risky And invest in some degen plays But that's the that's the degen plays. I do it. I do it too. I'm not looking down on you Like how dare you you know invest in a degen. I've got a second channel called dan degen That they've worked out pretty well, but uh They're like five percent three to five percent of my portfolio 95 percent is the safety stuff All right Fate is a sleeping giant perhaps Ah, thank you gas gas gas fee fees says Ethereum 2.0 has all kinds of consensus laws, right? But it is not centralized even though a small group can rename the project Hey, what is it? What is it? Okay So I keep getting questions and questions about this rob. What's your taking everything happening with celsius? So I talked about this yesterday. I'll just have to have What's going to have to happen is alex machinese and have to make the rounds again and give an everybody's channel And and and address this issue because the issue is not what's happening with celsius but a wallet that was in the possession at one point with alex machinsky allegedly don't sue me And it looks like there was some Allocation of of tokens not the celsius token by the tokens beforehand that were Purchased and then give me somebody else and then we're dumped. So that's the issue right now Unless I've missed something else in the last 12 hours Enlighten me in the comment section Dammy can tell us the version look From the viewer account. I gotta tell you let me tell you something I'm just glad you guys are here. You guys are more are my core audience. There's about 1,700 people right now. Great. Sometimes it's 2,000 sometimes it's 3,000 It doesn't matter because the tourists As we like to call them tourists are gone, you know, if you're here right now in this junk market It's not junk. It's just the down. It's just a natural progression of a market Then you are the ones that I want to talk to and the reason is because you understand that there has to be a long-term outlook And you've done plenty of research. You've looked at a lot of different things. I love you guys I really like the people that are here right now what I hate Hate was in 2020. Well, I not hates a very strong word my mom would say I detest greatly Is in 2021 when everybody was asking me about the most ridiculous projects out there And I'm like, I don't know what that is. I don't know what that is and people are like, can you believe Rob? Doesn't know about pistachio coin. What a moron blah blah blah. I'm like, well debatable But uh, you know, those people are gone and I'm glad they're gone because I can't stand them anyhow Because it's just noise and then once all the noise is done Then you get to see like where the path forward is and I think we can kind of see it to me. It's clear as day But that's just me Yeah I missed the salmon college. I will have to get a salmon college shirt. Yeah That's right. So john hunter says voyager through that wasn't my price predictions, which is why I don't do price predictions anymore It went when I called it though, it was 29 cents and one of the seven bucks I do like to say that however People would still see that video At seven dollars and think it's going to 30. They're like, well, I can just you know I drew from my and they bought in and didn't work out. So No more price prediction videos And really no one knows anyhow, it's a good guess, but come on And the other thing I do is no price prediction videos and I'm gonna and I talked to I talked to uh, Mollett about this we're gonna keep each other accountable, which is When the market goes up Talk about taking profits like I did today like right now Right now. I don't know where you are at But if you're a 5 7 13 percent, maybe it's an idea to take a little off the table just saying Just saying because you know what diamond hands does to you? Just saying Just saying All right Unshelled pistachio coin Luna 2.0 is twice better two times zero because zero Jason says it right you take pros and can Cloud market going up. Oh, this is a good question. What's your thoughts on playing the grayscale discount with a multi-year time horizon? so what they're talking about is You everybody believes that there is a as a spot bitcoin etf and right now if you get into grayscale With their bitcoin fund that essentially you are getting a massive discount for when it actually gets turned into a spot etf you can do that but It actually would probably be a good play because at some point it's going to happen But the question is will grayscale be the first one and some people say well Obviously, they're gonna be the first one because they've they've been hitting it so much and they've really you know I've been talking to the regulators and they've done, you know, they're due diligence It's a crapshoot and it doesn't I don't know. So maybe they're not the first and maybe the second or third or maybe they never get it But I will tell you this I'm not holding my breath on an etf. I've heard that since 2017 That's all I know But uh, yeah, I think it's in all honesty I mean if you really want exposure to crypto and you don't really like the exchanges or you don't really like self-custody um Grayscale et or grayscale etf grayscale fund is probably the better way to go Ah Dan Do we basically follow nasdaq at this point? It's a great question. I don't think it's always moral day. Am I wrong? Let me see It's a national holiday here in america. So I don't think that's right Let's see One second Yeah, so it is closed But the the question is still the same. Do we basically follow nasdaq? Well, there was a nice decoupling on friday You know and uh, not the decoupling we wanted nasdaq and the s&p one like this and the coin just fell down And that was pretty concerning. But now we have a little rally. It'd be interesting though. See what happens tomorrow on tuesday that That will be telling Because that'd be great if there was a decoupling finally Huh, do you think the solana outages are a huge red flag? Well, you know, I mean I still own some solana. So I would like it not to do that. That would be great But it is It is interesting like as some people say, well, it's not an outage It's not a complete outage. It's just a slowdown and some people say it's not a slowdown. It's an outage. You know what I do Uh, there's a website. Let me show it to you It's called status dot solana dot com And you can just take a look at how much uptime it is now There are You know some chains that are up 100 percent. This one obviously is not Is it a red flag? I'd like to not see that and then of course, I also did see a A messaging where it talked about how or messaging a tweet And some data points where it says that a lot of the transactions are just messaging back and forth However, if you look at it transactions per second still is pretty high But for me On all honesty, this is just another Roll the dice Will solana be the next big thing the only one of the reasons why I do like it is just because of how much sam bakeman freed is behind it and uh an ftx also ftx did a great job of Given the uh, there are users the ability to trade equities in the us Which is super impressive to be able to do they've rolled that out to select users And then we'll roll that out to everybody at some point But just to get that off the ground with what the regulatory environment we have with the sec was outstanding So if he can get that done and he's really behind solana Looks not too bad. Also Ledger is coming out with a ledger, you know Ones like these the ledgers they're coming out with a Like a metamask type wallet which you can use on your browser and they're going to put in solana and ethereum and Make the next push for web 3 so That's just one of those things So will this will solana be able to handle up with that only time will tell and that's why You just if you want a dca you get into it. Although. I think there's some more downs I'm coming Note No, if rates go up money leaves bonds to something else. I don't know why people get into bonds right? I mean it is safe, but what's the percentage? 2.64 somewhere on there And I like it cracking One of the paul diamond is not from america cracking information rob much appreciated That's the guy from i'm gonna guess london Just a guess But thank you This is another thing rob. What's your e-play considering 2.0 is going to unlock tokens freestakers not You're not going to see a mass unlock for e2.0 as far as the information that I've seen You're going to have some unlocks Go forward, but if they all take profits, we're probably in for a pretty big dip, but I understand though I mean if you Some people are going to sell right if they there is the unlock and they get a bunch on out Some are going to sell but if you are one of those people that said, you know what I'm putting it in And I have a pretty General great idea of what ethereum is what it can do. You think you're going to sell when it's when it's able to unlock Yeah, some of it and you probably see a little bit of a dip So Maybe if you're a trader you can play that route and go well, there's been a bunch of unlocks coming I'm going to dump this But again, maybe the self-fulfilling prophecy that's up for you to decide me personally I'm not going to I will say would be great though if they do dump it and it price goes down That means my my daily dollar cost averaging amount. I just get some more ethereum and not that i'm saying Buy every dip because that's not a good idea either. You can dollar cost average every week every month just depends on how much you have but remember Some people think there's a tremendous downside coming Some people say it's just going to be flat for a while So it's up to you to decide which way to go like me personally I was trying to micro dca some some different projects And I was going to do it every day But now I just do it I do two alt coins and I flip them every every week Uh for what I instead of doing daily dca. I call it micro dca. I do it every two weeks all right Robbie think we're always right about either outperforming bitcoin soon. I don't know but either way It's pretty good. If you're telecrossed averaging bitcoin ethereum again these narratives that come up You can sit around and discuss and everything else That's that's the the minutiae of what it is and you can go that route me personally. I don't like to To look at and go well, this is going to beat this one. It's going to come up and maybe there's a flipping I don't really care I just I just care about you know The things that I invest into I don't get looted and uh And that there actually keeps keep building and keep growing and I used dollar cost averaging of that And that's it and then of course the the next big thing is when to take profits Well, that is a going to be a central focus And I already already talked about this going forward. Nobody everyone broke taking profits Diamond hands are not for everybody And then alfred said would you move your alt coins at bitcoin? I already did it I already did it before and if you watch the show for any length of time You know, you know that I was talking about how alt coins You know, it's going to be a dip coming in and we're going to see a pretty bad market So that's what I did This is a great question. It's a loaded question. Now. What percentage do you take profits? So I had this This um, and you can still see it It was my exit strategy And I thought where bitcoin would go and where ethereum would go and where cardano would go and I was wrong Bitcoin I did not myth that hit the mark. I thought I was going 150 k went to 67 k ethereum I thought I was going to go to 10 k went to 4500 cardano. I thought I was going to three bucks and it did So I was pretty happy about that But people would always ask me like well, if you're going to take profits at 60 k Why would you dollar cost average if it goes down below 30 k? And here's the reason why so when think of dollar cost averaging is planting seeds like you're a farmer I've talked about this analogy before So let's just say that you plant seeds when bitcoin is $10,000 you buy uh $1,000 worth every month And for some reason Maybe it stays stable at 10. This is just an example. So for 10 months January favorite margin for 10 months you put a thousand bucks in dollar cost average And then guess what at the very end you got one bitcoin great Then the very next day the price goes up to 20 k Well, okay, maybe Those seeds that you planted for the last 10 months Maybe you harvest a little bit and go i'm taking profits i'm gonna take 5 000 out And i'm gonna keep but i'm gonna keep dollar cost averaging a thousand at 20 000 Right now for 10 months or 20 months it goes up. So it's like it's like steps You take your profits out right and you're like, okay I got five grand in here plus seven and it comes over here I plant the seeds and when it starts to the price goes up like we're seeing right right now Maybe it's time to harvest All those seeds of dollar cost average you do before and then roll into something that you would like to buy or need to buy Or whatever else it is that you want to do or put it into something like real estate. That's my favorite play. So yes so uh So the question is what percentage you take profits? It's not a percentage for me, but when I take a look at When I take a look at the initial What I actually put in a great idea from what it was helping out pretty well is if I put in 100 000 and crypto goes to 200 000 guess what i'm taking that initial investment out 100 k I'm sticking on the sidelines and i'm waiting for things to go down and crash which i'm hoping I hate to say this but i'm hoping that The real estate market takes a big blunder that way I can pick up some cheap properties So now I have 100 000 which is just the house money I let that ride and if it doubles again so much the better That's just one way to do it. But uh, you can do it however way you want to do it I Take a look in the description the all the exit strategies. I just talk about 2020 2020 and you can see it over there Uh, no pool dive anytime Do you think it's Bitcoin interrupting 12k and he's possible It was laughable wasn't it laughable not too long ago where we were at 67 48 50k and people were like it can drop to to 8 000 like that's stupid And now we're seriously debating like maybe 12 So it's interesting. Do I think you could drop to 12 anything's possible And uh, that's why it's important that you take profits along the way depending on your profitability And again, of course, I can't tell you what to do. I'm just telling you what I do But I just take lessons from the past and you know people like Nick Time in the market is more important than timing the market and Warren Buffett It's not about timing the stock market. It's just about picking the right project or company and writing that out essentially That's what's going on here. Okay Yeah, that's yeah, we're talking Uh, hater Said says get initial investment out from crypto and buy property to rent it out Yeah I've been thinking a lot about that matter of fact Because the rates are so low I was seriously thinking about putting out a Taking out a loan against the properties that I have which at 4.5 whatever percent it is these days Stick that money in the bank wait for things to crash down Then buy those properties then rent them out and then come out this way That's something I could potentially do. I don't think I'm not saying for anybody to do that. It's not a good idea for everybody What cj. Rykel is here. It's the celebrity That's the guy that we did that That great video with Okay It did go to ak Which one well, I mean you got to be talking about by bitcoin Yeah Short-term trades if I'm 100% take half off. Why not exactly Hit the like and subscribe always reminding. Thank you Just found you you seem sensible sensible enough I just made a lot of mistakes You can learn from mistakes, but I don't have to be your mistakes That's a quote from a guy who Who hates cryptocurrency, but it still is true no matter if he hates crypto or not or in buffet When did when did cash become a thing of interest again when we actually stood up and realized? Oh, yeah Uh, we still need cash to buy stuff. That's when so I know people are like, I'm never using cash I'm just gonna use uh, crypto to buy everything. That's cool. I mean you can do that, but cash is still king And actually just between us. It's only a couple thousand people. No one will tell me Uh If you want to launder anything cash is great And if you want to hide things from the irs cash is the ultimate now I may or may not Have taken per se cash transactions and not reported those transactions because they were in cash Just saying I know gary genzel watched this so Gary you don't have to tell anybody from the iris. It's okay But cash does work out pretty well in those situations So it's always funny to me when people say oh, you can launder so much money with with crypto. I'm like, you ever use cash? It's super simple already Uh david craig Founder of ftx had about 50 coins out of 1000s have real value. That's pretty high honestly But he could be right I think there's a lot of good projects out there with good people But the question is and like we talked about here the question is Uh How are you going to scale that? How are you going to scale the projects you have like let's let's take iota iota is a I've talked to those guys great team pretty smart people How are we going to scale it could take a quite a long time and there's some great there Here's an example go to any one of your um A strip mall or or a collection of of businesses in your in your hometown wherever you're at you will see that over time There's always a vacancy There's always a vacancy in one of those little parcels what happened It wasn't because it was bad business. Maybe it was But uh some people just can't scale they can't keep up. They don't know good accounting marketing Customer service Maybe the product is bad But there's even if the product is good I've been to restaurants that are fantastic and there's nobody in there and i'm like It's on my wife. Hey, we got to come back. This place is awesome. Like in a month. It's gone Because they just couldn't scale so there's some good products out there The question is who's gonna be able to scale and you can see it right here These companies that keep coming up over the years those are the ones that figured out the way to scale And to be profitable It's the same thing in every business that i've ever been involved with and Cryptocurrency digital assets are absolutely no different. Yeah, man Next was an aol was once a giant aol was huge huge You used to you kids don't know you could get the same called a cd. You'd pop it into your computer I don't have a cd drive on my computer now And a little running man would come in to do to do and then you would be on the internet Oh, it was so so great and it would take 30 minutes to download a picture And that was like cutting-edge stuff and now that's like ridiculous and again Aol if you look at their history, it just made some they made some bad decisions and some bad mergers and they weren't able to scale That's what it comes down to Yeah, I know beer much younger. That's what my wife said But the beard will come back. It's all white Makes me look my real age Uncle Sam is always watching That's right That's very right actually Now this is a good. It's a good comment which leads me to another point personal pay. I'm waiting until the next bitcoin having What do we got two years? 21 2024 I think right so I still think that those those four-year cycles what I talk about I mean and some some people say well robby won't understand it's because you know There was a pandemic and the supply chain issues and the fed coming in regardless the four years The four-year cycles no matter what you want to say this repeat repeat repeat So that's not a bad idea actually if you say I always I want to just wait until the next bitcoin having what I'm going to do personally Is uh, I will still keep dollar cost averaging. I expect bitcoin to keep going down There may be rallies and bumps in here and we'll go sideways, but it'll go down And I'll keep buying that in ethereum and then when I feel like we've hit max pain Or the max capitulation level which I don't know if we're here yet Then I'm gonna start to really start to dollar cost average more of the alts because that's that's where I made a lot of money I just got to make sure I pick try to pick the the the right project and here's the the next thing I will say is this You're not going to pick pick all the winners. Let's say you pick 10. Let's say you pick 10 of these You're like I like info space and hotbots and angel fire and zoom and altavista Lycos excites and I'm also going to pick up amazon And uh, microsoft See how see I'm talking about you could pick all those things and just keep dollar cost averaging the stocks You know as time went on all you got to have is two to win In 1998 I can tell that's a great question. Let's see what the stock price of amazon was in 1998 Uh, I think this will do this Amazon Oh, no way So in august 1st 1998 Let's even go further No way Let's just take march amazon price was six dollars and 90 cents Now you got to wait a little bit of time 20 years, but it's still 3,333 and of course I mean just take a look at that so the rest of these things right here Uh, where do we go? The rest of these they could all be they could all suck. Who cares because you got if you just Played it safe and like I got a longer goal Then of course you did okay now in 1998 You'd been like wow six bucks 13 bucks 15 bucks and then of course when was let me go back here Not too bad. You're doing pretty good But there was a point here Where to go? Ah, yes, 2001. It was 14 dollars and 72 cents Then like next month I went down to nine bucks and people seven bucks And then people were flipping out for like six months and then just kind of went back to where it was so Again, who cares you don't got to be a genius You just got to be stubborn and that's really what it comes down to and that's me Ah, let's see what I miss Yeah Amazon was unprofitable for most of its life and it was and even Bezos would come out and say, you know what we're just going to reinvest and reinvest and reinvest and that's how you scale Who Why is k just curious that anyone else have their luna classic go missing from an account It showed up in my account and it disappeared and still not showing it hasn't done that for me yet Well, actually let me check this because the thing that I checked was yesterday. I could be wrong It's a great question although If it disappeared It's not going to affect my bottom line. I mean that 700 or whatever I have it's worth like 10 cents Let's see Voyager and my portfolio That's still there I have a whopping 719 which is worth A nickel Whatever or a dime or whatever so Why escape do me a favor update your app on voyager. I think they just rolled out another update just to make sure So this is a great question Then it could be that rob what's your thoughts on rebalancing techniques as opposed to dca So I rebalance a little bit because I was like, you know what? Some of these aren't coming back, but these were like things that I had had for like a quite a long time that either I was Flat and not um Well, it was always three some I was actually a little bit of profit in Some I was like even even Steven and some I actually lost and I'm like these aren't coming back I just didn't believe that they would and I sold them and and rebalance it right into bitcoin or theorem I think that's probably the better play Now that's just what I did now you Met a gentleman in Puerto Rico one of my meetups And he made all his money on cardano all of it And then he showed me his portfolio and it was on I swear to god it was on his phone It was on his phone and he should look at this And it was a million thirty one thousand or something like that Uh, I think it was I can't remember which one it was But he had a million dollars in the goofiest coins of all time and he goes these Most these will fail But it's okay because in the next bull run one of these One or two or three that's going to make it he goes and it'll be 10 million dollars And I was like holy smokes. I would not do that. That is not a good idea But he was pretty convinced and you know what he may it actually make out for him But if you want to rebalance like that I couldn't recommend that to my mother so That's as far as I can go with that Weiske I don't care about the private makes me feel uneasy about Voyager. Yeah, maybe feel uneasy too. That's weird update and then reach out to him But there's a lot of weird things going on with luna. They're supposed to be an airdrop too But I think that's if you only have a luna wallet And then just activated the Voyager debit card. So for good for me. How's your car working? Here's the thing. Here's a quick update. I used my Voyager card when I went to europe And we were in italy for a while We were in london and france and it worked everywhere And then when I came when it when I came back it didn't work And I think it was because there's like a there's like a hold on it because I was in europe and then I came over here, but there was also a hold on my uh, usa a card too So I got a call them and say what's going on Okay, soul train. What's a great name? So Yes, my luna disappeared then reappeared but trading is locked. Yes, that's true trading is locked Maybe they're locking the trades because they can't trade that stuff anymore Okay Smash toshi smackamoto Ask please speak about wash trade strategies When does it make sense? What are the parameters? How to use the question is can we do wash trading? Well, if you're doing equities, you can't do that. That's totally illegal wash trading is You have you buy amazon stock at 2000 And then it goes down to a thousand and you sell it all I'm just an example sell it all and you take massive losses for your taxes And that works out pretty well And then what you do is you try to buy it back within seconds or minutes You can't do that. You have to wait 30 days. However with crypto. It's different. Crypto is not a security. Well, not Not yet Some are going to be securities. Let's just say it So you can do that because because the definition for most most areas I'm not talking about everybody outside of america. It's like no is american law and loosely at that is that Crypto is considered property. So when you sell Uh, your crypto you can buy it right back. So the example I gave was what I did with xrp When xrp, I held it even though This was the initial part of when the sec sued him sued ripple not xrp ripple the company and brad and chris and It went down. It was over a dollar Went down to 50 cents 30 cents and at 21 or 22 cents. I sold all of my xrp Then I bought it right back and it was a massive loss for that year and I can claim on my taxes Thing is is that you can only claim up to $3,000. So every year I can still carry those losses over. So let's say I had I don't 40,000 30,000 worth of losses right every year. I can only use three so the next 10 years I can use $3,000 in losses And that's the strategy DJ crypto says he does he says I do it all the time when things are going down So I can always have these losses for my taxes So hope that makes sense mining companies good time I gotta Talk to a friend of mine about that. I got a friend in Puerto Rico does that's all he does and uh, I'm gonna buy into bitcoin miners and Show you the whole process I'm not gonna run a facility He has the facilities. I just buy the miners and I rent the space from from him. I'll let you know how that works out Oh, that's pretty good. My friend actually pays him a sentence I got actually paid a buck 50. Oh, sorry So if he answers for do you Celsius? I do this will be the last question we gotta get out of here Do you Celsius? How do you feel about all the current allegations? So there's a lot of allegations and I'm not a big fan of that, but it seems like Like there's always an allegation Somewhere But I will say you cannot dismiss it just because just because I like alex and celsius doesn't mean you can dismiss it You have to have no emotion that so Probably have to get alex back on the show and discuss what the heck is going on And then uh, do I still use celsius? I still use celsius, but You have to remember I don't keep a large chunk of my portfolio on celsius. What's the point? Right, it's like the apr is that fantastic if everything goes down the tubes. So I keep a little bit there Every week I get a nice little reward And that's it. But the most of it is kept right here In this ledger One of them actually And that's it So that's what I do All right, so that's it everybody. So we went uh, almost coming up in an hour So I'm glad you guys stuck with me. That was fun fun times, but I'm gonna go enjoy the day moral day time for a little cookout and uh Don't look at your portfolio too much today. Although it is green so good for you But that's it for today. So thanks so much for watching. I do appreciate it like today's video Give it a thumbs up. It seems like the only way that youtube does anything good with the channel And that's it. So thanks so much appreciate it. See you on the next