 The last news my name is Robin today. Just the thumbnail and title suggest I took some profits on crypto I'm gonna tell you why and what I did and everything involves so let's just jump right in so first things first I think it's important to note that before we get into the conversation of of selling crypto or are Taking profits just to realize some important things and that is that's before we get into the Philosophical of you know because there's always gonna be somebody in the chats later or in the comments It'll say well, how dare you sell it? How dare you sell any of your crypto because you should hold on to it forever and diamond hands and so on and so forth look I Don't know if you've read the Bitcoin white paper. I'm not gonna read it for you But I'm gonna link in the description. You can check it out. It's nine pages very short very simple It's a peer-to-peer transaction. It's a peer-to-peer electronic cash system. That's exactly what it is That's what's atoshi Nakamoto made it for and that's it So if for some reason you have to you know come around and and sell something for things You need to buy in case I don't know somebody doesn't take Bitcoin Well, there you go and also on top of that as we get into More of the bull run or maybe heavier into the bear market Just remember people are gonna sell and this is a story that we covered a couple of days ago But as people will will tell you you know Bitcoin is great and Bitcoin is fantastic. I believe it is. I think it's gonna be the future I think that has a very long and lustrous life ahead of it However saying all that there will there's still gonna be people who will sell it even as they tell you to your face How great it is and you should never sell and that's not what Peter teal said specifically But when he was on the Bitcoin conference in April 2022 or May 2022 He was pretty much talking about how great it is and how it's it is the most fantastic thing of all time And of course we should buy it all and just a month before he had sold a billion dollars worth of it Offloading eight years of crypto investments. So that's just what it is. So that's the philosophical part Let's get into the the nuts and bolts. So look so for Taking profits especially on dollar-cost averaging We did a video a little bit of all getting that about how it all works out But you could have actually gone back and taken profits. I mean all the way back into 9th November 15 9 and then sold it around here. I think we can all agree there It's been chopping sideways just going here around 15,000 16,000 16,000 all the way up to 21 And of course today. It's at almost 23,000 pretty good Now does that mean that this won't keep going up? No, they could go up another. I don't know 10 The jillion percent. I have no idea I don't think everything goes up forever and just along the lines. I like to take profits along the way and See keeps and dry powder in case there's I don't know a little bit of a dip and you can do this with bitcoin You can see here in a theorem kind of like the same thing Dropped off you could have a dollar-cost average and sold a little bit up here But there's some that you like for me for polygon like recently I couldn't do that It looks like it's been you know doing the pretty much the same thing as far as the price action So pay attention to polygons been holding up quite well And of course the original video that we talked about Well, there was two this one dca profits a link in the description You can watch that and of course we had uh been from in the cryptiverse and uh guy from coin bureau We do the nfa live. We talked about that about Delacost averaging and if you do it or not hint hint I do it these guys don't right now yet, but they're gonna jump in at some point so the whole thing It really comes down to this the question you're saying is well, how the heck does that work? I mean if you're gonna dollar-cost average energy is buying back at the same price genius Well, hold on So when we talk about those things you have to understand it's just timeframes So in that original video I showed you this It's a number sheet kind of like excel, but it's for mac is what I got And you can just see here. It's quite simple ish You can see that I've been buying I've been dollar-cost averaging actually Like forever it seems like I'm sure you're in the same boat if you've been dollar-cost averaging But if I just I just the last video I did I said okay and from December 16th I put in 40 bucks a day and here was the bitcoin equivalent It was very simple 40 40 40 40 40 and then the average of all the the price action for every day that I did It came out around around 16,0782 Okay, so I spent about a thousand And that was on January 9th. I spent a thousand bucks. I got 0.05 Bitcoin and again one bitcoin is still worth one bitcoin. That's not going to change so All they had to do is wait a couple weeks And then of course I could you know if it went up I I could sell or just keep dollar-cost averaging Now, let me make make this crystal clear I'm still dollar-cost averaging on January 10th. I bought it at 17 2 January 11 17 5 January 12 15 and of course there's question mark here, but of course Yes, I had no I haven't updated it yet But I bought on the 16th the 17 18 19 20 21 22 doesn't matter. Well, I don't know what the date it is What is the date today? It is the of course everybody's screaming at me. Oh, that's 20 seconds. Look at that So I'm still buying 40 bucks with the bitcoin, but From here in that little time frame I'm selling this off And I'm selling and I'm putting in profits and then the same thing today Let me get rid of this The same thing for right now. I just sold back in till December 16th, but I could have I could have Actually sold off Going all the way back to here because I bought on this day That's the that's the beauty of dollar-cost averaging you you buy I Well, depending on what you do like I buy every day So I'm always gonna buy the the lowest points always Always because I dollar-cost average bitcoin every day. So I bought at 15 9 So I could have gone back to 9th of November instead of just December 16 That's why the day I went back and I took some profits because I took some profits here When it was around 21,000 I took some profits here at 23,000 again Does that mean that it's not going to keep going on forever? I could Bitcoin's pretty strong not for sure But I do think that things are going to tumble down at some point and even I take a look at just overall charts I take a look at like the mvrv z score the market value was realized value This orange part here is the z score It kind of gives out rid of the noise and we were still in accumulation phase And if we actually zoom in a little bit, we just crossed above that point We could go all the way up to here. I mean we could go to the moon. I don't know Then of course, we take a look at the uh, the well multiple. It's a little bit different It looks at the supply side It's calculated by dividing the daily issuance value of bitcoin by the one-year moving average And this is all about bitcoin mining and miners and when they sell so when it's uh When it's up It's pretty overvalued down here. It's undervalued and for bitcoin miners I gotta tell you I know some bitcoin miners and I don't know how they Unless you're a large Entity like riot blockchain and you're like an independent miner. It's not easy out there Some breakeven points are around 22 22,500 But we can just see that we're actually above and into this this point. We can go up again Not for sure But I just take a look at the long haul I'm still going to dollar cost average today and tomorrow and the next day and the day after that And at some point if it goes up, well, great Maybe if it goes up under a thousand percent, I might take some more profits Or maybe if it goes down, which I think it will at some point Then I'll just dollar cost average some more and I'll actually do what's called dynamic dcaing which is put more money into it Because then when it goes up In six months three months two days, I don't know Then I'll do the same thing again Now The things I'm looking at lately is this The feds going to come out the mini is going to be in 10 days There's about this is what it's stating 99.3 percent chance Of a fed rate hike not that much 25 basis points if they pause it if they pause You're going to see some massive action You're going to see some some prices go up like crazy So the question is where rob wants you to just wait until that day. Look I could I could have waited But the thing I'm trying to do here And I've talked about this before probably the 50th time I've talked to this now Is that when I get into the bull run and it's going to happen to you and guarantee it not everybody but most of you The price is going to go up exponentially and you're going to look at that and go, you know what Bitcoin went from 20,000 to I don't know 100,000 or whatever it does And you're going to say if it can do that it can probably go to 100,000 to 200,000 no problem So I'm not going to sell a dime And you if you you think if it's not going to happen But it is And you'll wait for it to go up and then it'll dip a little bit down And you were like, ah, it'll go back again It'll dip some more and dip some more and it'll keep pulling on the up down it goes I am trying to do The selling to put it into my muscle memory to remind myself what it feels like it's easy Everybody on the internet and youtube will tell you the same bs Which is you need to buy everything and you could I mean, you could buy everything by the dips and and everything else and and get all dipped out and and that's fantastic But very few people Are going to remind you to take some profits along the way So you don't get wrecked and you're holding on to some massive amount of bags Now again, you can dial across average and you can hold it all the way to the very top And you probably like I said, you probably do very well if you have a very long outlook But as time goes on I'm just going to guess I could be wrong here that maybe there was a point in time in the last two years Where maybe you wish you had some extra cash on the side to pay for something Whatever that was if that's the case Maybe you could do a little research into this But if it's not and your name is mark cuban Or whoever billionaire that you are then this video is not for you and that's it So on top of that to finish this up I'm also taking a look at the the 10 and 2 year treasury yield every time on that to inverts That means between uh, we're on 12 months roughly to 18 months We start to have a recession and the 10 and 2 actually flipped in july So we're six months down another six months to go. Maybe it happens. Maybe it doesn't Still think it could and there's also another one that uh Ben showed me This is his website you can check it out links in the description and the cryptiverse This is the the 10 year and three month Which really can tell you a little bit more tight time frame as far as the treasury yields when those flip negative Or when those inverse then you have a a much higher chance Of hitting a recession this little this little grayed out area right here This is recessions and it usually happens about 12 months or so into it happened here Where did it happen happen right was this? 2000 to 2001 happened there It inverted about right here 2006 2007 and when did it invert? Yeah October roughly So here we go and that's what's happening So if that happens probably see a little price dip I don't think that crypto will skyrocket in a recession. I could be wrong. Hope i'm wrong But that's what we got and that's it for today and the lastly I will just say this When you sell and take profits you have to understand about one thing which is Taxes So with taxes the short term and long term gains and it's all depends on how you set it up first in first out First in last out. I don't I'm not your cpa. Not your dad. Not your cpa. Don't give financial advice. Go find a cpa And for that one. Yes, you're gonna take capital gains tax. However, I will remind you that if you did this thing Well, it's called wash trading and equities But we call it tax loss harvesting which is really what it is and you use this program called coin ledger Which is that thing? Spinning above my enormous head crypto tax has made easy They are a sponsor of the show Just so you know If you cannot stand using affiliate links, that's cool Just go to coin ledger.io, but you'll miss out on 20 off if you sign up for the program And this one it helps you do your crypto taxes and it helps you to figure out What your cost basis is Maybe potentially when you could sell Maybe when All the different things that you might want to know About your crypto and how things are going and you know, what's great about it if you want to run a tax report It'll cost you it's like 100 or 200 bucks depending on how many trades you do But if you don't want to do that, you just want to do like a cost-based analysis You just click this button called get started for free You can integrate all your api There's a video on how to do it for me when I did this it took me 30 minutes to when I Shot it off to my cpa and I was done And that's for you. That's for you. I did that for you To help you out a little bit and that's what I do But you're welcome to do whatever you want to and that's it for today. So look That is it for today's video. We don't usually do Uh the live streams much anymore got a lot of things happening Then just haven't really been the same for a while, but uh, that is it for today So if you like today's video give it a thumbs up consider subscribing Now if you like to stick around with me and I'll answer all your questions We'll do so in the q&a. So if you're ready, let's jump in the q&a If not get out of here enjoy football and do whatever you got to do Thanks for stopping by do appreciate you stopping stopping by and chatting with me. All right. Let's get into it so