Crypto Update: HBD BTC, crazy Adoption, more Money, ETH SOL ADA + # Go Up Tech

hello everybody hope you guys can hear me just waiting for this thing to pop a lot to cover today it's also a very special day we'll talk more about that too but i hope everybody's doing good and there we are boom you can hear me i always have to check that i hear myself so without further ado let's jump in and go through a ton of really interesting material really fast so buckle in everybody crazy crazy good day you know for an asset this size the size of bitcoin to go five percent is amazing we'll talk more about that in a minute so as usual disclaimer edutainment and math money and freedom now it's a little bit of sad news as well a scammer warning a young person was scammed by somebody on twitter and uh somebody else let me know about it so this is the first time it's happened in four months please everybody i know there's tens of thousands of people being hit up with messages i'm not on telegram i'll never reach out i'm way too busy i'll never ask for anything so please nobody give anything to anybody ever don't trust anybody okay even if they call you and they sound very convincing call them back in the main line face time with them see their face and don't accept anything from anybody and if somebody says you know what send me some bitcoin and i'll send you twice the amount back come on you guys know better than that anyway be careful out there uh so let's talk about some fun news happy birthday bitcoin 12 years ago it was bith bitcoin's birthday and one dollar would have brought you 1 309 bitcoins who wants to buy a dollars worth of bitcoin 12 years ago today so obviously you'd have made 6 billion if you did that so it's a very special time but we are still early and i'll talk more about that too as well so much good stuff let's look at the market real quick dark green for bitcoin now it's where you get a like a five and a half percent day like today it is crazy and maybe it's because i brought out the pump yesterday i'm not sure only joking of course but a couple of little red spots too on the map which is unusual uh we have uh h bar luna and cello obviously taking a breather which is normal axis as well but that's the day but we've got so much more goodness to cover so let's talk a little bit about this chart this is will clemente's model and as you know i'm a big fan of his the guy is a little child prodigy and he introduced this model last week so i made a few little alterations i added some red lines to make it more visible but just to remind everybody back in 2013 we had a double pump which was very nice and you can see in the two left lane lines there in 2013 up one and then up again towards the end of the year in 20 20 2017 i should i can't even see the numbers but 2017 it should be um we had another big pump and then we had our little mini pump back in april and then a breather for three months with the chinese mining band and everything else and now it's off to the races again but the real important thing is this is a reactive price model based on mean reversion and the cost basis of investors on-chain data and according to this model he sees bitcoin going anywhere from 109 000 to 200 000 in this next pump so that's extremely bullish but let's see what else we got uh if we look at the growth of bitcoin just recently it has just overtaken facebook we all know what happened yesterday we don't talk about that but the point is next in the box is silver and we're not too far away so and of all the assets here i used to own apple i sold it at 150 a few months ago um we have about 11 x to go from here to match goals market cap many police people believe that's inevitable and i also own tesla and google on the list so let's talk a little bit about this this was a cool article big thank you to sanjay as well to send this to me this is a medium article or seeking alpha i can't remember um but the point is it talks about how well since we're speaking of silver gold has proved its stability as a safe haven asset over a long time over hundreds of thousands of years etc but now bitcoin it's only been around for 12 years happy birthday bitcoin but even in that time it has proven itself it's proven it shines in its portability to visibility and one thing that gold isn't very good at is verifiability you know the old fake bars of gold that were filled with lead just had gold on the outside anyway the big advantage of gold especially the aspect of decentralization is another new element that people sometimes forget so we'll see net net this article says it's a very very good preserver of wealth as good as gold and we see that in the market data so let's talk about some really good news and before we jump in so gary gensler again verified he was interviewed today and he verified again we can't and the most important piece in here is we won't ban crypto not just we're not going to ban crypto but even if we wanted to we couldn't and i've been told by this for years i talk about the putting the the toothpaste back in the tube you can't do it so hello money hello defy hello adoption it's all going to come and gensler also said that this doesn't fall under scc's duties their duty is to protect investors but not regulate the heck out of all cryptos so all of those people on platforms like celsius and stuff we can worry a lot less now all those that use things like uniswap we can take a deep breath and it's very very good i'll talk more about d5 in a minute too so let's talk about the smart money so these two fellows charlie munger and jamie dimon as you know i'm a big fan of both of them sarcasm sorry i shouldn't be so so sassy but uh you know we know charlie munger he's 97 or something and and to be honest for him to still be doing what he's doing at that age is a tribute to anybody and he is a hero from that regard but he just doesn't understand technology and he definitely doesn't understand crypto so he shouldn't be making comments and things he doesn't understand and jamie dimon this is the more interesting one from jp morgan i tweeted this image this morning on twitter what are they up to and this is what i'm trying to do it's like are they crazy or are they playing tricks and i begin to think they're playing tricks because berkshire hathaway invest in banks like custody crypto and jp morgan offer crypto services to high net worth super rich people so i think they want to keep kind of pretending it's crap but really to their very rich people and rich friends and say hey buy this now so kind of along the lines of scott miner waiting for 15 000 bitcoin so can you really trust these guys i don't know but just be careful out there who you listen to now speaking of some people you can trust this is bill miller one of the famed investors from back in the day he has his own fund now he has about 16 people and 3.6 billion in assets under management and he says i think his miller value partners and he says he is doubling down on bitcoin good man i think he's uh in the 70s 71 or something but he likened gold to the horse and buggy and bitcoin to a ferrari in response to differing sentiments of jp morgan and jamie dimon the other day so he kind of threw it back and jamie down his face and that was extremely positive as well so let's see what else we got now to prove that the big money is buying bitcoin and buying it big time this shows it all from glass node here you can see the bitcoin total transfer volume breakdown by size seven day moving average chart when you look at the on chain volume by transactions you can see that very very large transactions of 10 million dollars plus dominate these are not retail investors everybody and then the other green color is between 1 and 10 million transactions so the peak volumes are about uh 14 to 17 billion dollars a day of people going in and buying bitcoin again the super rich are jumping on they know they need a hedge they are smart and they know what they're doing and they're being advised by people that are advising everybody else that bitcoin is bad or whatever and the jamie diamond quote of course is hilarious it's fool's gold but it could 10x i'll take that fool's gold anytime thank you uh let's talk about uh some other stuff jeremy siegel my former wharton business school professor and i did a masters in finance there a brilliant brilliant man he believes inflation will be a much bigger problem over the next quarter than the fed believes and this guy knows his stuff and he's normally very much a kind of a positive guy for him to come out and say this is concerning and he believes it could be a painful quarter for the stock market so be careful and again i yesterday i tweeted as well about how i see a flight to safety happening now and that's only just begun and bitcoin is that flight to safety things like the stock market could be a little bit shaky going forward and uh jeremy siegel is normally right he's normally on the money he is really really good so everybody be careful smart money is looking for a hedge and you have big big money managers as well like george soros beginning to pull money out of the stock market as well as our fed employees who have then since resigned or been canned they pulled out too so everybody just hedge your bets be careful out there in the stock market speaking of inflation as well this was a another cool uh interview from daniella cambone and this guy's name is rick rule he knows his stuff and he said people nowadays don't really appreciate the impact of inflation because they weren't around or investing or trading in the 70s i was around in the 70s and i remember the inflation driven by things like the oil crisis and it's an issue and he says it's because people don't have the experience of the pain or remember the pain of the 70s that they're not reacting to what they see today and he also said that the fed is between a rock and a hard spot so the very low interest rates have promulgated a huge problem so we'll see what happens um he and in justification to gold he said gold doesn't need to beat crypto it just needs to lose the war less badly which i thought was extremely interesting anyway good man rick now let's talk about my domino story i talk about dominoes falling for months and months and months all the dominoes the game theory was the topic yesterday and here we're going to talk about my latest in the series of the latest dominoes that are falling and this is great this is part of the game theory and how everybody jumps on so venezuela they did some really cool math they knocked six zeroes off their currency um i don't know if you guys can even imagine what that means but taking six zeros off is extremely substantial uh so comment below if you know what that means what does a million dollars become if you take six zeros off of it you'll see anyway the country has been ravaged by inflation and fiat currency problems etc and they are in a neighborhood with other surrounding countries that are beginning to take steps to solve the problem of inflation so watch this space carefully so this was another one yesterday i reported in brazil uh but now brazil and bitcoin seems to be rapido if i got that right uh my portuguese is not the best but the pace at which they're moving is incredible um many people are not now saying that bitcoin is set to become legal payment in brazil not legal tender they use the term legal payment and that means uh from the federal deputy herrera ribeiro has revealed that brazilians could soon be able to buy houses cars mcdonald's coffee etc with bitcoin and they're preparing for that as we go forward so watch this space if this happens in brazil as i said yesterday game over absolutely game over now speaking of another neighbor in the neighborhood between brazil and venezuela and el salvador colombia they have a very forward-thinking fellow as well gustavo petro he said that south american country could easily reuse renewable energy to mine bitcoin instead of making cocaine in fact on that note somebody accused me of smoking something and being on cocaine yesterday and a few times before i've never touched drugs this is a drug-free zone the strongest drug i'll ever take could be coffee and i drink a lot of that so just let me clear that out there but the point here is another country could fall i know we have a lot of people in the audience here from colombia so hey everybody that'd be awesome if they follow in the footsteps of el salvador and use their renewable energy sources to mine bitcoin it'd be fantastic for everybody so big thumbs up there in terms of other dominoes you have bank of america they said not too long ago earlier this year that bitcoin was bad now a few months later they say it's too large to ignore you know the old expression first they ignore you then they laugh at you then they fight you then you win this is it another domino boom bank of america speaking of big american banks fifth biggest bank i think bank of america is the first or second um us bank now offers crypto custody services for bitcoin litecoin and bitcoin cash and they're going to support ethereum soon as well so again domino's it's just happening so fast it is flabbergasting i mean every day there's so much to report so let's talk about defy and i did hinted that this morning earlier with gary gensler but follow the money i always say follow the money as well you're probably tired of my idioms but the industry has received nearly 8 billion in private investment across about 400 plus deals over the last uh quarter or so which is absolutely staggering and the point is where is the money going that's why i always say follow the money so obviously the crypto space is red hot tons of money is flowing in but where let's have a look uh here you see in q3 a lot of is going into d5 funding and although i think 30 went into ethereum protocols uh but twenty percent went into multi chain protocols seventeen percent went into solana and nine percent into polka dot you heard me talk about polka dots and solana big fan of those look where the smart money is putting their money where they are placing their bets i i don't want to get hate that i'm slinging polka dot and solana i just look at numbers i follow the money everybody so please uh don't hate me um but 57 again is the number if you look at the percentage that solana got in relation to ethereum but remember ethereum is nearly nine times larger in terms of market cap so this is exactly what's going down now speaking of that look at ethereum and look at the adoption they are exploding despite the issues with gas and we have an exponential future ahead so this year isn't even over and we're already up nearly 400 percent in terms of transactions so it is again the growth of d5 the growth of crypto everything you could imagine is off the charts and it's only just beginning that's the exciting thing second of all let's look at uh back to solana look at the amount of projects look at the amount of building these there are 11 new lending and borrowing projects on the solana ecosystem 11 and all built in a very short period of time which tells me a couple of things one it's easy to build on solana and get things configured and operate to make them very user-friendly and then they explode in adoption but before we go there we'll talk about the lending and borrowing capabilities within cardano i checked on a couple of these i think meld is the only one that's open right now but kitty party looks great um would you lend your crypto would you lend your precious bitcoin to a website that looks like kittyparty i don't know they need to work on their branding no offense to kitty party the lending solution from cardano it looks a bit sketch to me now remember as well everybody we are still very early get a lot of questions today oh is it too late this is kind of what i call fomo times again and people get really uh excited when they see things going up a huge percentage especially the speed at which we eclipsed 50 000 was quite staggering in the last 18 hours blasting through i think i was chatting with somebody on discord earlier this morning at 2 or 3 a.m and you know the key was to stay above 50k and it's done that very very successfully in fact and a lot more so we are still early look at the adoption look at the money flow look at all the dominoes that have yet to fall we're still early everybody so with that hope you like the content and subscribe to this channel if you haven't already i'll do a little bit of q a for the team right now but before i do that yes i mean just looking at bitcoin it's gone up 27.2 percent in five days how much do you get in your checking account i personally get point zero zero one percent if i hold a balance in my account of over three and a half thousand dollars so think about that that's not even worth counting switching cameras going to the questions and let's go luke broyles you are you're unbelievable you're always first always first and i owe you one so why was bitcoin the one to survive all of the forks and remain pristine it simply met castle strong or do you think something different that's a very tough question i think uh you know being first and having a very strong community that is somewhat philanthropic in nature i think had a lot to do with it uh there were a couple of issues but they solved those issues pretty fast and one of the other beauties of bitcoin is it's simple it's like it's like a hammer there's only so much you can do with it and i think that's part of the answer uh as to why it's survived and it's been so resilient because it's designed to be a pristine store of value broke bank vegan what advice would you give your 20 year old self um to not work for corporations uh to not spend so much time in school and well back then you had to learn in school because you didn't have things like youtube and other stuff um and also to do a lot more in real estate uh i probably should have been like back then a real estate developer or something or a lot more investing uh you know follow what's happening but but hindsight is always 20 20 vision um in some cases when i ask myself that question would i change anything no even the mistakes i've made have made them for a reason and the biggest learnings in life are from mistakes you've made so if i went back and undid the mistakes i made 30 years ago or 20 years ago i probably wouldn't be the person i am today so you need your what they call it like the people that whip themselves and get the scars on their back because punishment i think a little bit of that is required in everybody's life ms how likely odds wise do you think it is that bitcoin could go to 10 to 12 million and if so when it's funny i was chatting about that with some people today uh robert breedlove for example in the year 2031 he believes bitcoin will go to 12 and a half million dollars but the point is you really need to think of the price of what is twelve and a half million dollars worth after a ton of debasement that's the million dollar question so is ten million dollars ten years from now worth two million dollars five million dollars one million dollars and if they continue to print money at this rate which they may have to just to sustain the economy that could be a massive problem and that will debase the currency so i think it's better to think in terms of other denominators like gold so in terms of a 10 to 12 million i believe bitcoin will definitely very high chance it'll hit a million dollars in the year 2030 but at the rate at which i'm seeing adoption and dominoes full i'm beginning to get even more and more bullish and the rate i see money being printed uh is quite alarming and i'm working on an updated model actually that will take into account different scenarios around money printing to show you exactly how far we could go and what the true value of a million dollars would be in 10 years but right now it's gonna be about five twenty to five hundred and forty thousand dollars best case scenario shiva uh sixty-four percent etho these questions are hard six teams in cardone your crowd is too heavy uh six percent bitcoin your bitcoin is way too light four percent salt um yeah we'll see is it too late to reduce ada and landcare you knew that already um yeah with 50g bitcoin yeah well every i think just for safety you know you've had a great run with ethereum i don't know what your course basis is and to make a decision like this you have to look at cost basis very carefully because if you bought say ethereum at 3k and you're selling it now at 3 500 that's a different discussion than if you bought it 200 so you need to look at your cost basis map it out but everybody should have the majority of their crypto and bitcoin it is the safest you know there might only be 10 chance that ethereum will blow up or something but that's too high the safest asset is always bitcoin so you need to be heavier there um getanjali preferred way to stake eath and saul i am from new jersey i know the new jersey laws are cracking down a little bit and uh they had some cease and desist orders in play um but i'm not sure of exactly how in new jersey i will pose the question to some people in patreon and see if i can find out uh how but i don't know out in new jersey i'm afraid um luke broyles you say it's easy to make 100 plus on trading options and equities is this some sniping and wicks down could you make a video explain the methodology yeah in fact i did two option trades last week i was doing the math on what they did one was on coinbase the other one was some clean spark clean spark trade is up 160 and coinbase one is up 120 and that's only in like five or six days so i just did synthetic longs i sold puts i bought calls that was it so i reduced my cost basis and once the stocks go up you know 10 20 points uh or in the case of clean spark i think about 25 you just get a huge huge move in your options position but remember it can also go against you if you don't nail the bottoms and something goes bad you could put a lot you could lose a lot as well so that's the best way to look at it so yeah um i'm looking forward to the day when there'll be a lot more options and derivatives available on kryptos because there's a whole bunch i'd like to short and that would be fun or trade pairs or whatever and uh i'll share some of those methodologies as well when they become more mature spongebob you're up late in denmark how are you at what bitcoin price should we start moving to safety and start selling ethol dot yeah it depends how far and how fast we go like i've been absolutely blown away by the move in ethereum today up uh you know four percent over 130 140 hit 35.50 today um so that's been a huge move because you could have bought ethereum at 2700 a few days ago so that's been staggering um but i think you need to think about exactly again cost basis your risk profile and how much you want to move out but i think definitely starting to layer out 5k 7k 8k would be a good idea from ethereum and moving more into safety and solana depending on exactly how they continue that might be a keeper that might be the new store value we need to look at um still the jury's out on that right now i'm still looking at a ton of data there's a few little nervous points for both ethereum and solana nothing is perfect not and i am a very risk-averse investor so that's why i put so much in bitcoin because it's safe um and you might get a little bit more return than other horses but safety first wealth preservation is always the number one thing you should be focused on big hairy fairy uh do you think sauna has a chance to hit 5k by 2025 uh let me check my price predictions um me check the exact numbers because i did tweak them lately and they're always moving and always changing all the time and hold on a wrong model hold on a second this is an interesting because i need to refresh my brand salon price prediction wells here we are 2025. and you should check my video because i had my conservative 2025 for solana oh i got so many here um average 2025 i'm looking at a super conservative about a thousand eight dollars a year 2025 not 5 000 dollars so yeah but then again if ethereum goes completely crazy yes that's on the table because a huge part of my thesis is the relative market caps between different assets so if raul paul is correct and ethereum goes to forty thousand dollars in march next year i will eat anything you want live on tv and then solana will be crazy as well so but i like to be very conservative and i'd hate people come back to me and say solana didn't make 1100 in 2025 or whatever else so that's the way i look at things uh ms if one has many of the coins you like and no opening crypto ira with 1500k want to retire in 10 to 15 years how would you allocate that ira thanks again when you allocate things in a type of portfolio like that everything changes all the time the space changes every single day every single week i always say tap dancing shoes move things around but right now it'd still be the same way like 60 to 65 bitcoin um a big junk about 30 percent split 15 15 into salon and ethereum and then the rest into speculative assets uh polka dot chain link etc depending on where they are and then layer out and layer in depending on what's moving uh to what limit based on my price prediction models um let me see gutangi thoughts unplug and flgc i don't know flgc i did look at plug and uh i don't think it's worth it at all um the valuation is far too high for my liking if you want to play in that space tesla's the easy way to go always caligula so many folks are wondering if do we buy a bunch of bitcoin now or hold back some of the dry powder for bitcoin dips i think it's uh i think it's off to the races now boys and girls um the dips that we had we had a very beautiful 12 weeks of crazy wicks and dips i don't see that happening anymore um just look at look look at the as i've been saying for the last few days you can look at the charts you can look at the on-chain analysis you can look at the dips and how they're brought up um using points of control vpsv and stuff like that and literally there's too much demand right now and there is no supply there is literally no supply there was an interesting stat that um and random numbers in the back of my head but if you look at the number of coins being purchased versus the number of and put into cold storage versus the number of coins actually being mined and hitting the market it's an eight to one ratio and that's only going to get more extreme that's going to become 16 to 1 20 to 1 321 and there'll be literally nothing left and then you see the price going like that and we are getting closer i'm talking about it for months but i thought it might have been years away now it could just be months or quarters away from that happening and that's what's happened it's just just the adoption this just this thing is so scarce uh that's why i fell in love with in the first place um so i hope that helps santiago from colombia hope you like the little columbia story how impactful do you think the herd psychology of expecting a blow off top at the year end will be on the market i don't expect to blow off top of the year end i expect gradual purchasing unless it goes real explosive real fast but then when it does like i know people that are waiting to buy bitcoin until it hits 65 000 they want to see it mint a new all-time high before they buy i don't understand that psychology because i'm i like to buy cheap and sell high i don't wait for things to break all new time i like i don't wait for uh tesla to hit 901 before i buy it so i don't know but that this market cycle will be different um there could still be a blow off top considering the amount of adoption and again if brazil hits and they pass that law that's it things are going to go freaking wild absolutely wild and the big money like the george sources of the world etc big hedge funds they're going to go in hard real hard because then it's game over literally game theory is over it just becomes a necessity to own a piece of this thing so every please word of advice i know everybody's eager to sell at 90k or 80k or 56k or something be careful we might not be able to get back on that train it might just scoot off into the universe so that's kind of a key theory don't know if that's gonna happen but i'm just saying beware if it does because i again i saw so many people selling out of ethereum too early at like two thousand dollars and selling out of salon at 60 bucks and waiting to get back in and waiting to get back in and waiting to get back in i know people that sold bitcoin at 20 000 and they're waiting to get back in just be careful this is a very strange time it's unprecedented time so don't sell too early or maybe bitcoin don't sell at all i have 27k and solana link and matic up from 25k uh still have 30k to invest don't know how to get in well raloon that's a hard question um right now i can just tell you what i've done over the last week i bought a lot of microstrategy calls i bought a little bit of ave i bought a lot of bitcoin and i bought a lot of saul but those prices were literally a lot cheaper i bought bitcoin of 41 000 are they at 260. um salon at 121. so um i think and i'm getting a little bit more bullish again on some of the price action from looking at ethereum so just uh just jump on the winners follow the money do your homework do your research look where the professional investors are putting their money and follow them and thanks for your donation as well jeff hammerberg he's so kind sofia randera dj and sleepless really appreciate that i don't know if that was all the questions oh here we have some more uh bitcoin russ do you expect a bitcoin to run faster than ada and q4 trying to say it had too much to layer out um yeah so my price target on cardano for the longest time since the beginning of the year has been about 3.50 and when it was really strong i upped it to maybe four dollars but i plan on selling a lot of 350 maybe even three bucks if it gets back up there to four dollars so if you look at where it is today i think it's at 230 or something um for it to double which i believe bitcoin will double cordara needs to go to five dollars and it might it might get pulled up with the whole market but again i'm just not seeing enough adoption or execution so the question is not really would you hold cardona versus bitcoin bitcoin is a very very safe asset it's would you hold something like a polka dot versus cardano or a polygon versus cardano or a solana versus cardana that's the question you need to ask yourself because otherwise you're comparing apples to oranges you can't compare cardano to solana to bitcoin so hope that helps um tommy walton impossible to beat luke to the pine james i want to accept bitcoin as payment what's the most efficient way for my business or just convert fiat um it depends who your customers are and how big they are and how big the transaction sizes are if there are big transaction size like ten thousand dollars a hundred thousand dollars a pop then you need to get a special custody service go to nydig or one of those other companies that will help manage that for you if it's just small um just have people pay you directly using any any service so you can kind of do it yourself but again it's all a function of how big the transactions are or just take fiat and be in a position to flip it immediately if you want to that's the best thing too um what are your thoughts on kava from zach let me check uh i didn't rings a bell but i don't remember exactly and let me see it's down deep in the model oh yeah uh not very good it scored in the bottom 48 percentile on the compendium the inflation is not bad but it's extremely centralized and has a lot of other problems very little oh extremely centralized and a lot of insider distribution garbage yeah it next so i'm and again just for people to know i have my limits i'm very picky about which kryptos i will ever date be careful of that so uh it doesn't mean when i slate something or i say i wouldn't buy it is because it doesn't mean my meet my minimum threshold to get involved in that particular currency so or crypto but zach cava is not good there's a there's like 160 things that are better than kava out of the top 300 cryptos put it that way sofia randera uh two bitcoin 90th 2500. luna matic these are hard ones to answer because i have to do calculations of what this all means and what the percentages are et cetera do you think i should sell something for more saul um i don't have any access myself i did sell my bnb ftt is kind of shaky it has been underperforming lately i like matic i like dot luna i prefer other horses and although a lot of people are talking very bullish about luna but i believe solana will either match or outperform luna as we go forward and your cardano is cardano so you know um yeah you have some good things a few things that i you know what i would say would be a little bit sketchy luke is she pumping recently a sign of a local top what's the difference between crap coin fomo that precedes a crash versus random pops i think the sheep thing is a lot to do with being listed on a couple of different exchanges that went on voyager and coinbase and stuff like that also some big high net worth whale bought a ton just to fleece retail investors so what they do is like it's like amc or gamestop they jack something up but buy a ton cheap and then trickle it back out to investors pretend there's a whole bunch of hype then eventually to come back down to earth it's just the nature of the beast so um it's all manipulation whale games that's it i think the main culprit is the big whale that bought a ton of it the other day and uh be careful with your sheep everybody you are playing with fire better off going to the casino daniel jacobs what's the ideal increment for dcn to bdc from the dca calculator i use it seems like most monthly is best instead of weekly or daily is true so i do what i call dca on steroids so i have an allocation uh for the last two years i had an allocation every month to invest in bitcoin but i timed it i had a 30 day period to pick a bottom and that's what i did and i waited and i waited and i waited and that's the beauty of the volatility of bitcoin although the volatile is kind of settling down a little bit but it's always whale games and whenever they are there i have my fib levels and i just swipe them so um if you make so do what i did if you have got a 30-day allotment wait for the dips but we are in a very strange time right now though q4 is one of those times where i'd probably say whatever you have money just maybe think about putting it in because this thing could go crazy so i had to pay a bill today in bitcoin i had to pay somebody in eastern europe in bitcoin for a business expense and uh i literally from the second i got the bill i immediately took fiat cashed it on ftx stuck it in a wallet and sent it because i didn't want to wait and i think at the time bitcoin was about 50 500 and now it's up a thousand bucks and that was this morning so um think about that as well so waiting to dca like i normally do you can't because this thing is moving so fast again very special time so that's what i'd recommend whenever you get your fiat just stick it in and maybe just time it on a day-to-day basis now wesley masterson would you leverage one oh yeah by the way just uh just close out that thought daniel jacobs bitcoin is gonna double over the next hundred days so think about that waiting will cost that's the easy way to say most probably 80 sure of that um wesley masterson would you leverage one bitcoin of equity out of an interest-only home loan pay it off when the price goes up or is that too much risk for primary residency if you are in a position to cover the interest and you have fiat currency and extra reserves to be able to make sure your credit card doesn't get dinged and you can always pay off the loan even if bitcoin goes to zero or you get a margin call then i'd say in this weird time yes but remember i can never condone it because it's always bad to borrow to speculate and that's what you're doing and that's that's a big no-no in the investment world but it's also a crazy time so check your finances and see can you afford to lose the increase you borrow on your home equity line of credit lightspeed lightspeed briefs it seems like you get a lot of same questions salts and setting up a knowledge base with the answers links uh i have that i have that sorta but yeah that's a great idea um but the one of the reasons we do this q a is because all the super jets come in and we give it back out to make the world a better place so this is my way of servicing people and if they're paying i'll give them the answer they want i'll tell them what i would do not financial advice of course hiro how are you is still wise to learn to btc ethan sol yeah for people that don't have enough bitcoin i always say you keep buying up to the all-time high because then you know that's where it's going after that if after 65k you need to reevaluate so from that perspective yes i stopped buying ether 2400 and i stopped buying solid 136 because uh my course base is very low but then again i nearly bought some ether today at 160 because i was looking at it i was like uh a little bit of cash i was doing that transaction sending um bitcoin to eastern europe and i was like hmm this is tempting because it's down it's definitely going to go up ethan's on fire it's only a matter of time before it follows but i didn't do it i didn't pull the trigger i just couldn't bring myself to buying it 160. considering a few months ago i was buying a 20. jb i know moto jb josh here how are you josh i have the dollars to become a whole coiner fomo now would you expect more slight pullback again thanks the question josh i think right now it is a crazy time it's q4 it's a bull run the adoption is insane the retail fomo hasn't even happened yet 85 percent of all the money coming in are million dollar plus transactions they're not retail investors they're high net worth individuals they're probably some treasuries behind the scenes so um with that type of buying pressure i think waiting and i never say this i always say wait for a dip but i think um the probability of things just going straight up from here to 65k and then up from there um could you know just waiting could be painful like i mentioned in the previous question so uh hang in there sir and be careful on the motorbike zach what would you do to securely store one bitcoin uh a number of things check my how to store crypto the right way uh my most recent video i go through all the different wallets and kind of what i do and what i use and that's what i do zack but i don't want to disclose too much uh here even though it's all in that video but typically if you want to lock it away for five years stick it on a trays or and then stick that in a safe somewhere and have your backup seat phrase store it safely too real simple satoshi nakamoto you're alive good to see you my friend happy birthday um he said yesterday the bitcoin will probably break 50k at 2 am i watched it breach the level shortly after 2 18 am so it looks like you might have to crystal ball tuned up i know i was off by 18 minutes and by the way i love people that remember what i said and then check me um thank you for that i really appreciate it but yeah it's just certain things you could just see you can see how things are moving in money moving in how things have been brought up and how far we are away so and i was up there too and i was watching it and i was just surprised how quickly it went through and even how big it's up today you know a very very big move so thank you for that satoshi uh big tree blue sea when you make the video about lost harvesting can you also include details for the advanced buying selling features like fill or kill allow taker i sure can they they work much better on equities but uh definitely a big tree blue sea i will do that and it's a tricky area and i'll have to also weave in tax ramifications because that's basically the whole reason for lost harvesting and fixing your portfolio and even taking profit off the table um it's a very very important skill to have so thanks to the reminder big tree nav i heard when big bitcoin runs up all stop 30 and then fly so that's an interesting one again this cycle is very different it's not like the previous two cycles um what is happening now is this huge amount of attention being brought to bitcoin because the reasons i say that yesterday and today and the day before um around adoption so everybody wants a piece of bitcoin and the big money goes into the bitcoin first and then you have you know whales who manipulate retail investors play with shibuynu or whatever it's called and that's what's happening right now we just eclipsed 45 bitcoin dominance which is huge as the highest it's been in a long time and then we'll see but yeah everything everything lags but two things are happening now that are different one there is that lag but also different alts are moving in different directions at different times depending on what's happening in their respective markets it could be a news release it could be venture capital infusion it could be something else and that's making everything kind of be less correlated like before so the old thing of drop 30 then fly is different i don't see it happening and i don't play with the highly speculative small alts i like the big safe plays that dominate their spaces max squirrel i saw that you put 1k into saul on oh if yeah one candy stall on january 1st you'd be worth 100k today what are the coins with z1k in today's yeah yeah i've been looking for those macs for a long time i spent the last probably since april may looking for the next saw and i kept on coming up empty i found some really cool projects with really cool technology but cruddy tokenomics cruddy management teams credit partnerships credit ecosystems you know competitive spaces spaces i don't like it's just so hard um also at this stage of the game you're not going to find many of those thousand baggers or whatever uh like we did before so we're gonna have to wait for the next market cycle for some of those i don't want to burst any bubbles but that's a fact um the good the good times are over we're halfway through this this football game or sports event or whatever you want to call it and uh we'll just see where it goes from there but uh you're not going to find more of these what they call these 100x or 1000x gems as we go forward they are extremely few and far between and that's why we we built models here to be able to build a very sophisticated quantum model to identify ones that have a lot of upside based on a ton of metrics and we've run it through the to hundreds and hundreds of coins and came up empty so and that's why i've been you know i haven't done a should i buy crypto because i haven't found anything that i wanted to buy so instead i just layer into the stuff that i have which i believe will be the winning names um so and thank you for donation as well airstrip one playing with pastels air to the ron nathan global party people moto jv gt350 mt crypto captain ron trishell terry quest clavado crypto kim bazaar raymond t miss marie oh my god crazy today happy birthday bitcoin ashley y katherine rye heather lynn flatford nice to see all the ladies here um global hulk pierre dunak joseph pianti ashley y code with mo assad noise mo kryptologica i want to say a big thank you everybody it's so cool to be here with you every day really appreciate it and have a good night i'll see you tomorrow bye you

Channel: InvestAnswers

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Keywords: crypto news, bitcoin news, cryptocurrency news, bitcoin today, bitcoin news today, ethereum news, crypto news today, crypto news alerts, ethereum price, solana vs cardano, solana coin, ethereum vs cardano, brazil bitcoin legal tender, columbia bitcoin waterfalls, gary gensler, gary gensler bitcoin, gary gensler today, SEC, JP Morgan, US Bank, Bank of America, Charlie Munger

Id: pJZSb92c_ug

Length: 49min 3sec (2943 seconds)

Published: Tue Oct 05 2021