 All right, everybody welcome to the live stream a lot of things to go over so let's just jump right in so as a title and thumbnail suggest It's been quite a interesting day here in the crypto verse Crypto world whatever you want to call it as we saw a little bit of a pullback And then a big jump for Bitcoin and then under roughly four hours We saw like a thousand dollar gain or roughly almost two percent But that's not the story the story is just how vault how this market is and if this is your your first Rodeo, especially after buying the top. I need to show you some things so you get ready for the next big ups So the first thing though when you talk about is you may notice that yesterday I had a little video which I talked about Dave Ramsey This is a video from like 2012 and Dave said that he pretty much called everybody an idiot who invested into Bitcoin and Then of course we took a look at a video from 2021 in 2022 or he said pretty much the same thing He says that now he moved from Bitcoin to dogecoin and to altcoins and he said everybody buys that some more on and We talked about this yesterday, and I made it very clear. I mean first of all I actually like Dave Ramsey I think he does great work with people who are massively in debt and helps to pull them out But you know on this one. He's wrong. He's been wrong for a long time And it's just how it is now what he's beat was gonna be a hundred percent Unfortunately, I had to take that video down and the reason why to take that video down is because I got a copyright strike from Dave Ramsey and and his his people or his handlers or whatever that actually goes on behind the scenes and I think this is automatic. I don't think this is like Dave Ramsey just sitting around in his shorts Just looking for people to pull up copyright. I think this just actually happens because of the audio There's something that with YouTube that can be done where they see a specific piece of audio And of course there's now government says hey, this is your actual video You want to claim this and of course it's automatic and down it goes so That one I had to take down But the thing that I wanted to make to to clarify here is this is I'm glad that we get to stream on two platforms now now before I people will say well, you got to use rumble You got to use theta. You got to use all the different ones. That's great They work fine But I got to tell you what's great is to be able to to stream live on youtube and on twitter or x And I've given a little heat to elan must because of the bot problem But man, I got to tell you it's fantastic if something gets taken down on one platform We're gonna have another platform. You can watch it over there So I just want to say that's what's going on if I got a lot of questions about that and that was just a copyright strike so This is the thing that's happening today Big jump. I mean big big jump especially with I mean from when I was looking at this this morning You can see if like I wake up around 4 30 in the morning I just do all the time and I looked at the The price actually I'm like, oh, it's a normal day, you know hovering around 35k And then around 6 or so just started to take a big nosedive And then by 8 in the morning I was like, wow I think this might be the correction everybody keeps talking about And this is the thing about about the market You think it's going to go one way and you're not really for sure I saw some people who are panicking. They're like, you know what? I'm going to sell right here because I think it's going to go lower And of course there's ta people out there and they'll you know, that's their thing. That's not my thing But for me, I'm just like, this is fantastic because I always have my my my dca's To go off on coinbase right around like 10 11 12 some around there depending on which which the Which it's bitcoin or the altcoins or whatever else So I was pretty happy And then I was doing this this video I was putting everything together today and I was like, well, let's talk about the pullback But then I looked over at this and you can just see here from like Two o'clock To geez that's only three hours from roughly two o'clock. Let me just let me go over here. This is probably better This is probably the best I could do Excuse me one pm At 105 it was 34,628 and you know people panicking and started selling that's fine And uh, then look at this just 35,749 now we've kind of flattened out. Let's see what it's Let me refresh it. Maybe it's Oh, look a little bit of a dip. But yeah, I mean, look at that. That's a major candle And then we take a look over here as far as like the market itself of In one hour, it's still a 0.4 percent 24 seven days Bnb's at nine. I mean, look at this 15 percent for xrp Solana 18 percent for seven days 9 percent for 24 This is the beauty of uh Of not chasing candles and not stressing yourself out because to me like I just look at this I'm like, well, I went either way. So it really doesn't matter. I know where I believe where things are going. So I mean these these uh different price fluctuations I'm not really Too concerned about it because that's just that's just crypto and digital assets, but I have to understand and I kept getting Uh pinged and questioned about like hey, it's you know, there's there's big fall. There's big action Which you know, what uh, what are you going to do rob? What are you going to do? I do the same thing but I hear that in People who reach out so I go well, maybe it's because it's their first rodeo and that happens So I almost want to show you a couple of things first of all The hash rate is still almost at an all-time high. This is on ben's website and the cryptoverse Oh speaking of which if you're looking to sign up for ben's website Uh, you can use my link in the description and also he's having a sale starts today. Hey good for you So, uh, yeah, if you take a look at hash rate, I mean, we're still almost at like an all-time high That means that there is a lot of miners who are betting on bitcoin and they're dumping a lot of money into it and that's just a lot Of manpower computational power and a lot of money going into that also If we also take a look at uh end of the block We did this yesterday on the q&a section and let's take a look at just a token summary Did you know? I was not aware of this But people making money at the current price 78 percent are in the money and as that As that green goes up and as the price goes up They're going to see more people than money which are going to make people hold on even more Because you're like, well, I'm not going to sell because look there's a potentially ETF coming down We don't know what's going to happen with the macro environment But it could be a hedge against inflation It could be a hedge against the uh coming collapse of the traditional stock market and equities It could be a lot of problems that are going on globally So I'm just going to hold on to this because I've been holding out for how long. Oh, yeah 69 of people Have the whole have been holding their bitcoin for a year or longer. Have you take a look for between one and 12 months? It's almost like 70 93 percent 90 well 94 well 93 94 It's a little bit off whatever 93 94 percent are just holding bitcoin just holding. It's just the 6 of people And maybe you know someone the 24 percent I I got you are just kind of like trading it moving it around and so on So we'll also remember this also includes uh bitcoin that is dormant So yeah, you can see that And uh, I don't care about this buff, but what's interesting to me is this right here inflows and outflows I find it fascinating that right now you still had seven days 6.13 billion of inflows of bitcoin going into the exchanges Usually when you put things into the exchanges you're looking to sell Then in seven days you had 6.17 people taking it out into their cold storage devices or moving around for different Wallets or whatever they want to do I thought it was just interesting the inflows now flows of how tight things are Which means I think most people know where things are going But there's that small percentage of people who just want to trade it and move it around and that's fine go up to them but The thing is with this is you have to remember that If this is the first time around or maybe it's the second time around as a reminder I'm gonna show you two things first of all nothing goes up in a straight line. It just does not happen It's not like that. It's difficult and When you look at these things you're like, oh, this is just this is just normal day This is just a tuesday and that is essentially what it actually is and this was the the market in 2017 2016 to 2018 And you see it that was a month. I remember waiting for this. It was fantastic And you would see like these massive pullbacks Massive massive to get up to here now. I want to show you is this I put this together this morning I was just curious. I'm like, well, how did that look in 2021? This is what it looks like in 2021 did you know That at the beginning of the year We went from actually we man we went We went actually from sub 30,000 to 40,000 at the beginning of the year january 1st 2021 to Roughly around january 15 january 20th somewhere around there. That's a big move And then we dropped 25 so we look at today and these little drops. This is nothing I mean people are excited like last week about the big, you know push. I'm like, you've not seen anything and then of course We went from uh february Into march and we increased by 89. I mean 30,000 to almost 60,000 50 56,000 somewhere around there Everybody was exuberant. We thought this was it. This is great. It's going to keep going up It never keeps going up and it dropped 22 percent and i'm 30 and 18 21 26 18 And then around here After the big april move, which was it was above 60,000 Once you remember I just drew a line because I didn't want to go through these like little peaks and valleys From a little bit after may you were looking at around 56 57,000 It dropped all the way down almost to almost a 30,000 33 somewhere around there. That was a 65 drop And we thought well Maybe this is it and of course it was 43 and then 24 then third it was insane But the big thing is Is that this is going to happen again? It's going to happen again There's going to be massive volatility five to ten percent isn't enough isn't and isn't a thing When we're talking about 65 25 percent swings That's when things get serious and that's when you really should have a plan in hand That's why there's a link in the description And I'm I talk about these seven or eight different indicators of what i'm using to sell my Crypto my bitcoin my digital asset i'm going to sell up to 80 of everything And why well i've told us i've said this ad nauseam But you know i keep 20 around because you never know when you know who knows maybe xrp becomes the world reserve currency I don't know So you hold on to that because things could really go not just a moonshot But like jupiter shot something crazy like that, but just remember this This is going to happen. It's going to repeat happening And uh today's just another day. So let me just think about that in the comments section Also I made mention real quick of the macro environment And uh to get to wrap your head around what's going on the macro I always like like that as a great channel david lin He brings on a lot of smart people a lot of uh macro economists and a lot of different people are very smart in the in the in the area macroeconomics and what's going on and one thing that i've learned from that channel is nobody knows Nobody knows where things are going you can have an equally smart person You can have a steve hanky on there and he can tell you oh, you know what? I think things are going to be i mean we beat inflation. It's going to be fine We might heal a bit of recession, but it's not going to be too awful and the next guy Equally as smart could say you know what we're going to go to depression tomorrow and this just reinforces my My thought process. This is from uh genoviv Genoviv Roche defter cfa She is a money manager. Where is she from? Uh great capital top finance newsletter on behive She's been on fox and vice and all that great stuff so What she took a look at was all the different uh macro experts who are bearish and or bullish I thought it was interesting. Let me see Of how many are like They're kind of in between but it's all across the spectrum. You got ray gallio Who's a it's just that she calls it a mild bear and he's like yeah cash is king and he got uh Steve cohen. He's bullish. He thinks everything's gonna go up to the moon. He got bill ackman who's Whatever the heck he's doing. It's unknown as at this point and you got ken fisher majorly bullish ken griffin From citadel. He's mildly bearish Michael burry of the big short. He's super bearish bill gross and stan drunken miller bearish And just goes on and on and Warren buffett is mildly bearish And I just I find this just fascinating because I think to myself I'm like, how can you really navigate these waters without just just kind of sticking around Until the big bull run comes. I'm not that smart So I just Kind of accumulating as time goes on looking for some indicators and some blow-off tops and hopefully I get to within 60 percent of the top And I will be super happy anyhow, let me just think about that as a Recourse and then finally just to just to finish up before we get into the q&a. I want to say thank you tangent for listening I The tangent wallet cold storage device link in the description only affiliate links You don't have to use it, but you don't you don't get 10% off But they just added on not near which is fan, which is great because near is deprecating their Browser wallet and you have to move everything over so actually shot everything from The wallet itself because ledger you can use it But you got to you have to use the actual browser and I shot all my near back to coin To coinbase and now this is great because once I update the app I can put all my near back on to my Finally on to my tangent wallet So that's just one more thing that they've done as well as an upgrade to their app itself And then finally I just want to talk real quick about cardano and midnight so apparently They just had the the carano foundation. There was a big event I think this was in austin correct me in the comment section and big event and they They announced that they're going to have another chain called midnight and apparently This is within the carano ecosystem, but it's going to run in parallel Data protection will empower regulation friendly apps Interesting that safeguards sensitive commercial and personal data Developers organization can quickly build innovative apps with an easy-to-use programming model based on type script and zero knowledge proofs So this apparently is going to be coming out. No one really knows when per se. They know they're building it the devs are Are working I guess feverishly on this too, but it's going to be it's going to take months for them to actually release it But the big thing which I found over here at front of the shows paul cardano with paul Check out his channel. He does really in-depth great stuff with cardano And there was a quick video. He had this was the uh, this was the ceo. I'm not mistaken Ah, there he goes. Yeah, erin barack barack and he explains this is like in 40 seconds what midnight is so i'm just going to Hopefully paul doesn't give me a copyright notice like uh Dave ramsey did so we'll see Yeah, but just take a listen to this this kind of sums it up Midnight is looking to be a partner chain to cardano A partner is You know both sides get something it has to be a win-win so We would like to leverage The ecosystem of cardano to help us go to market and get to decentralized fast In exchange we will provide spos and exchanges with both New revenue sources as well as incentives We will provide developers with use cases And a fund to help them create more interoperability between the networks And as was shared last year I believe everybody here is an eta holder Ada holders will get a token drop for midnight so everybody can get access to this utility Yeah, rad. So uh, that's pretty good. So everybody who owns uh, eta and uh, I've talked to my team For ours because we're our stake pool operators for cardano And we will be supporting this so of course if you have your cardano stake with dnews You will be getting that airdrop of midnight whenever we learn about the details and how it all works out But right now this are the things we know and looks pretty good If you want to learn more about midnight, uh, check out, uh, cardano with paul link is in the description and that's it for today So look if I like today's video give it a thumbs up consider subscribing Let me talk about his time sensitive, but that's it for today