 So I'm in the title of this video, the art of dumping. And what I want to do was kind of take a look at some misconceptions between what is dumping on somebody, who are we dumping on? And of course, what is taking profits and who is taking profits from? So, of course, today, we're looking at a very big green day. Everybody's happy, ecstatic. I'm happy. I like green days. And we see that Bitcoin briefly touched 30,000 for taking a little bit of a dip, which is healthy. And of course, everything else is up across the board. We're looking at a 1.1 trillion more. Cap somewhere around there. And I think one of the reasons is because, first of all, Gary Ginzel, the SEC just took out a court case loss. And they had to take that L. This is from Chris Larson and Brad Garlinghouse from Ripple, as they revoked or took out their plea, the SEC to continue on to sue Brad Garlinghouse and Chris Larson from Ripple. And now we have to wait for a final ruling before we can move forward. So again, that's another L that they they've lost on top of the other loss they took against Ripple. And on top of also the recent one with grayscale, as grayscale tries to take their Bitcoin trust and turn it into a Bitcoin spot ETF. Now, there is that piece. Also, there was a video that was just released a couple of days ago, where Gary seems quite affectionate towards Bitcoin ETFs and not so staunch in his position. Or he opens up the room to say that yes, we're looking at eight to 10 different ETFs and we'll go through the process. And there was no mention of any kind of town fullery or any kind of different issues that they might have as far as mismanagement manipulation, which will be the big one he always talks about. No reference that at all in that video. So people are very bullish thing. The ETF will be approved. Now, that's what's going on today. I will just caution everybody. We take a look at live coin watch, you can see that as far as like the volume today. It's not a ton. It's up a little bit. It's 35 billion roughly. But just remember, like that's the same volume we had on September 12. This is on August 17. We had much more volume. So even though that yes, it is Green Day, just be careful out there because there's not a ton of volume, which doesn't take a lot to move the market right now. And that is exactly what's going on. So the question that that has been coming up is, Okay, so we're going to talk about dumping. What is that dumping is very simple. It's somebody who is has no scruples essentially, and is telling you to buy, buy, buy, buy, buy. There is nothing behind the project itself when they dump on and they say bye. Thank you so much, sucker. And off you go. Now, there's a huge difference between dumping and taking profits. If you'd like to learn some of the things that I'm trying to do as far as the indicators I look for to when I am selling my crypto, there's a link. in the description. And you can see this video. It's where I'm selling 80% of my crypto moving forward. Again, I dollar cost average in, I dollar cost average out. It's not very sexy. But I will tell you this is a safer way to do things for me. And that's what I'm doing. I can't give you financial advice, my financial advisor. Check out that video links in the description. So then the question becomes, Okay, what is it? What is a real pump and dump? Can we define that? So this is very simple. Pump and dump scams. They are scams, which in crypto we'd love to use this word. involve artificially inflating the price of an asset through false and misleading positive information. There's a huge difference between talking about a project that you absolutely believe in. And you think that it's going to do very well. And you have data that supports that as opposed to just going, you know what, this is a new meme coin. It's going to be awesome. And there was a partnership with the US government and it's going to be fantastic. Okay, that's a lie. And if you're pumping on those type of thing, and then of course you have a big bag of that. And then again, at the very bottom, you say, or the very top say, thanks so much, suckers. That is a legal pump and dump. And you can't do that. Now, there has been some speculation about that white have been happening with Coindelicraft as they put out this information. Coindelicraft, don't sue me. But this is just a rumor. There is nothing substantiated. And this was from just a couple of days ago where the SEC, they said the SEC approves iShares, Bitcoin, Spot, ETF, or Portally. So if they had not knowingly done that, that's false information. And if somebody had put in some type of, I don't know, a long position, or they wanted to short these different positions that are out there, however they would do that and then have a lever position, they could have made a killing in this situation if they had done that. I'm not saying they did. I'm just saying this would be a prime example of a pump and dump. So there's a there's a difference between the art of dumping or dumping on somebody because it's a pump and dump. And as far as like taking profits, again, when I'm talking about taking profits, it's like some people, they feel like I don't want to take profits because then you know there's this is a zero sum game and not everybody's going to win. And everybody's for some reason tends to believe that when they take profits, there's some little old lady, there's a grandma that is buying up all these these these cryptos. And she is the one that is, you know, putting in her social security check and she is the one that you are essentially dumping on or taking profits, as you take profits along the way. And I got to tell you, it's not the case. Here's what it is. When you sell your crypto, I'm not saying there's not a grandma out there who is buying a bag. That's ridiculous. However, the vast, vast, vast majority are people like this. That's Peter teal. Fantastic investor, venture of PayPal, big Bitcoin advocate. And a couple years ago, he was at the Bitcoin conference 2022. And on stage, he went up there and said, you know what, this Bitcoin is fantastic. We are and I will quote, as he was up there, we are at the end of the fiat money regime and suggests this price which was trading at above 44,000 could increase by a factor of 100. The funny thing is, though, is that that was in April 2022. And in March 2022, his fund sold out the vast majority of his entire crypto portfolio. Now, is that illegal? It wouldn't have been illegal if he would try to pump the price and on that, but he already dropped it. And here, it's just a gray area where he says, No, no, no, you know, I, I think it's this or I think it's that things would do really well. But 95% of whatever it was, we already got rid of later, which I don't think he said that on stage. As a matter of fact, I know he didn't say it on stage. So when we're talking about these, these people that you, you know, we're all we're dumping on them, or we're taking profits. It's a lot of these people. And to prove my point, this is the August 3 2023 shareholder letter from Coinbase. And I need you to understand that even though Coinbase talks a lot to the retail. And of course, that's their prime motivator, especially for the fees. It's not the people who are trading. And there are two very important metrics I'd like you to note. And that is the total revenue, the total revenue for Coinbase. And again, this was released in August of 2023. You can see here that consumers, the net, the transaction revenue, the revenue of all transactions. And we'll take Q2 2023 is 310. That's in millions. The revenue that they got from consumers, that's us is 310 million. I got no problems with them doing that. I'm that's that's a business free market. Great. Institutions, they only got the total revenue of 17 million, like, that's kind of weird. Is our institutions not buying a lot is what's going on. And then I will just make a quick note that the interest income is the majority of where they get their revenue. And that's 201 million. That's interest. So that could be their stable coins, USDC, that could be things that they actually stake, correct me the comments section. But that's the vast majority of where their revenue actually comes from. Well, on top of that, on top of consumers, again, I got no problem with that. Now I want you to take a look at the trading volume. This is what we're moving around. This is what we're trading. And of course, the majority of what we're trading is Bitcoin, Ethereum, for the vast majority of what we're talking about here. Note note this trading volume is in billions. Consumers Q2 2023 14 billion institution, $78 billion. That's the trading volume. Well, that's weird, Rob. Why? Why is the revenue from the transactions so low? But yet they have such a high trading volume. It's because they're the institutions, they get fantastic deals, and they're the ones that are moving things around. And they are the ones that probably are buying OTC and do a lot of things. And that's just how it is. Us consumers, we don't get those breaks. And that's the name of the game. So again, when you think that you're like, well, am I am I dumping on on this, this poor sweet grandma, as I'm selling my bags, because I've been holding for three or four years diligently when everybody told me to diamond hands. No, that's not it. That's not it. Usually what it is is institutions. And I will remind you that they got some big ones. Black Rock, which of course they will be doing the custody for that spot ETF, whenever that rolls out. And reason Horowitz and they want 60 grayscale one river Swiss co Brex compound Bitcoin bit pay excuse me just to name a few. So we have all that. But what about Rob? What about the people, the small individuals out there that I'm taking profits on? And I'm dumping on them. Again, they get between dumping and taking profits. First of all, Thanksgiving is coming up pretty soon. This is what you're going to see. And the people that never talked to you anymore about crypto is because it's in the toilet. And they're the ones that are like, Ah, you know, Johnny, it's just messing up left and right. And he keeps investing in this crypto and look how much is down 90, 90, 95% or something like that. That's the faces you're going to see a Thanksgiving and heaven forbid if you had anybody else. Had any of them invest in a certain things are like, Hey, my portfolio is 95% jerk. What's going on? Look, that is the name of the game. As far as investing, make sure that you tell them next time that, look, investments are risky. And you should never, never invest more than you can afford to lose. You get the price of Bitcoin and crypto at the price you deserve. And no more and no less. So for all the people that were making fun of you and something that I have to be honest with you. I have no problems dumping on those people and taking profits. And then lastly, I will just say that as far as like, as far as globally, of course, I'm in the, in the States, I can't speak to everybody throughout the entire globe. But this is from AAA. And this is there for the reports and surveys were included and waited to our final numbers. FCA UK payments PMSY finder Russia Gallup poll University of Cambridge crypto.com Bank of America Gemini. So they got a lot of different data points. And what I'm trying to show here is that this is how much crypto is actually up. This is actually from 2022. It's maybe a little bit more right now, but over 420 plus million crypto owners worldwide, there's roughly 8 billion people in the world. So we're looking at less than 5% of the people actually have it. And the majority is in North America. And if we just take a look at the United States, again, from the same website, and people say, well, I want to dump on anybody that's, you know, take profits somebody look 60% of people that are investing into crypto in North America, United States, have a average income of 75,000 and more. So I can understand where some people are like, I don't really want to do this, but in all honesty, come on, at some point you have to take profits and you have to move along. And again, you get Bitcoin and crypto and digital assets at the price you deserve. And that's it. So look, like today's video, give it a thumbs up, consider subscribing. Everything we talk about is time-sensitive. That is it for today. Thanks a lot for stopping by. I do appreciate it. And I'll see you on the next one.