In this episode of the Fresh Fit Podcast, we are joined by Charlie and Myron from Cultivate Crypto to talk about the year of accumulation. We talk about how they got started in crypto, the Logan Paul situation, and much more! Recorded in Los Angeles, CA! Subscribe to our new show, The Crypto Mindset, where we break down the best crypto news, tips, tricks, and everything else going on in the crypto space. If you like what you hear, please HIT SUBSCRIBE on Apple Podcasts, and also hit us up on Anchor.fm and we'll get you notified when we upload a new episode. We appreciate all the support we ve gotten so far this year and look forward to 2020! Peace, Blessings, Cheers! Cheers, EJ & Rory - The Cryptocode Mindset Team. Hosted by: & . Produced in LA, CA, and produced by and . We are live on all of the platforms Rumble, YouTube, Twitch, and Twitch. - We are working on a new setup that will allow us to upload more content, so stay tuned for that! - Myron, Myron and Charlie - Coaching Bitcoin and other crypto-related projects! We are here to help you learn and grow your crypto-currencies! Thank you so much for listening and supporting the movement! ! - EJ and Rory and Charlie! :D - Mck - Charlie - Thank you for being a part of the crypto-mindset! :) - Timestamps: 0:00:00 3:00 - What's up! 5:30 - What are you are you looking for? 6:00 | What do you want to know? 7:30 | What are your favorite crypto-culture podcast? 8:30 9:00 + 11:00 & 12:30 + 13:00 // 15:00 / 16:00/16:00+ 16:40 17:00 Is it a year of Accumulation? 18:30 / 17:20 19:30+ 21:30 // 22:30 & 22:40 + 21:40 / 22:20 +23:40 // 23:40+
00:03:03.000You guys know we got demonetized, so it kind of sucks.
00:03:05.000But if you guys want to support the movement, check us out over there at CastleClub.tv.
00:03:08.000That's basically our locals where we give you guys exclusive behind-the-scenes content that we don't necessarily put on YouTube, whether it's IRL streams, Zoom calls, old Patreon content.
00:04:41.000Recovered my funds through dollar cost averaging, trading and stuff.
00:04:44.000I started a show called Moon Gang with Charlie, and we were doing that for over a year.
00:04:49.000And then we're like, dude, there's got to be a better way to educate people about crypto because we were getting questions every single day.
00:05:17.000The channel's called Cultivate Crypto.
00:05:19.000So for anybody who doesn't know, I started crypto in 2017.
00:05:23.000I got in with Ethereum first when it was $90.
00:05:26.000The first time it did a Forex, right, it went from $90 to about $400.
00:05:30.000I was like, holy shit, I gotta learn about this stuff.
00:05:32.000So from that point, I dedicated myself to learning about it.
00:05:36.000Generally, I would spend anywhere between like three to eight hours every single day just researching it while I was working and all that stuff.
00:05:42.000But then, yeah, in 2019, I think it was March, I started my channel.
00:05:48.000Bitcoin at the time was around like $3,300.
00:05:51.000And yeah, it's like, hey, let's start this education service for people.
00:07:25.000That period of time, people freak out, right?
00:07:27.000And so when people come back to the market, they usually buy Bitcoin first, the most trusted asset, the oldest asset, the most decentralized asset, right?
00:07:36.000And so if we take a look at the four-year cycles, we're in that first year, which means we hit the bottom already at $15,500.
00:07:45.000I think that was actually the week we came here in November of last year was the actual low of Bitcoin's price for the four-year cycle.
00:08:49.000And what tends to happen in the year of accumulation is everybody in crypto, right, buys Bitcoin, Ethereum and the assets that they want during the bull run.
00:08:58.000They buy that six months before the Bitcoin halving, right?
00:09:03.000Because they know it's going to go up.
00:09:04.000So if we're looking between March to May, then that means six months before there is basically October, November.
00:09:09.000No, no, let me say something really quick because I saw something in the chat that kind of like irked me a little bit.
00:09:41.000Pulsechain had just launched and stuff, or was about to launch, and every bitcoiner was talking to us about Pulsechain, or they were talking to us about XRP, or they were talking to us about Dogecoin.
00:09:51.000Back in the day, the hypecoin used to be Dogecoin.
00:10:47.000So take us back because obviously we have new viewers in the chat and they want to know what coins to buy, why should I buy these, and as a beginner, how many should I buy at start?
00:12:21.000And he was like, yeah, Bitcoin and Ethereum will stick to that for now, right?
00:12:24.000And then he's ventured off into some other stuff later, but By the way, to convince Marin to invest with you, you gotta have a silver tongue, bro, because dude, he's not easy.
00:12:33.000Yeah, yeah, but also the thing is, is like, that's the great thing about Bitcoin, like, where we're at right now, right, in the year of accumulation, it's like the easiest time to get into crypto, but it's the hardest time emotionally.
00:12:47.000So if you go with logic, and you look at all the data of what's happened before every Bitcoin halving, like, you can break it down.
00:14:47.000We did a stream about maybe two or three weeks after that in June.
00:14:51.000And we said, okay, we think Bitcoin at the peak of this bull market, a reasonable to kind of a little bit higher price would be about $160,000 per Bitcoin somewhere between April of 2025 to about November of 2025.
00:16:20.000And then you take two-thirds of that and then over that next, you know, nine months to a year period, then you scale it out on a weekly basis, monthly basis, quarterly basis, depending on how you want to do it.
00:16:31.000It's funny because one of my members in the network, they took some of the money out and they bought a property with some of it.
00:16:39.000Yeah, because it's property and crypto.
00:16:40.000It's usually one of the two and stuff, because usually I notice a lot of crypto guys get into real estate because we want stability and stuff.
00:16:46.000So that's usually what's going to end up happening and stuff like that.
00:16:50.000But it's kind of like Charlie said, yeah, what will end up happening sometime late 24, maybe in 25, just on Bitcoin and Ethereum, you could be up five times on your money.
00:16:59.000And then this is where you can sell 20% of it off and kind of get all the money you put into crypto back in your pocket.
00:17:05.000And then now you're kind of waiting for these signals.
00:17:08.000People don't give Fresh enough credit for this stuff, but you really got your ear to the ground and you see what's going on in Miami.
00:17:15.000When you start seeing the NFT boys start partying, and I'm being kind of serious about this shit.
00:17:32.000Yeah, it's funny because you see waves of people come in the scene and come out of it, and it's always those guys that are flashy at the very beginning.
00:17:39.000They don't have the time, but like, I want to say Stable Foundation, always with their way.
00:17:43.000But W. Myron, the audio's not fixed on YouTube.
00:18:45.000I mean, the government can do whatever they want, and then if we do the same thing, we go to jail, right?
00:18:50.000So politicians and bankers, you know, they're not untouchable, but, you know, comparatively towards, you know, the average citizen, they get away with a lot of shit.
00:19:04.000The thing is, is you don't need to be fearful.
00:19:06.000I think most people actually won't care because, right, we've talked about this before, they'll probably give a stimulus check when that comes out and then say, hey, do you want it directly to your phone or do you want it in your bank account in two weeks?
00:19:41.000As they, you know, hold their dollars over time in their digital dollars, now they know how to send and receive a cryptocurrency or they know how to send and receive a digital asset because it's kind of like email.
00:19:52.000Back in 1995, nobody knew how to use email.
00:19:55.000By 1998, everybody had 40 different email addresses, you know, something like that, right?
00:20:02.000Everybody won't know how to use basically an address right now to send and receive crypto, but after the Central Bank digital currency, everybody will.
00:20:10.000The most people will kind of be like frogs in a boiling pot of water.
00:20:13.000They'll be like, oh, this is okay, this is okay, this is okay.
00:20:16.000And then inflation is really, really bad, and you also can't control that money fully.
00:20:23.000Right now, it was Amazon is working with the governments of South Korea, Italy, and Singapore on programmability for of digital assets as it's related to a central bank digital currency.
00:20:37.000So what that means is they're gonna be able to program it so they can turn it on and off when they want to.
00:20:42.000If they don't like what you have to say on YouTube, sorry, you can't use that money we gave you.
00:20:47.000So, you talked about this with George Gammon in Columbia extensively.
00:20:51.000And I don't know if you guys know this, but there's actually a police force that is, I forgot the county that's in, but they have a body cam, right?
00:21:01.000That's an AI set up where they can hear what you're saying and it'll give them a message saying, you know what, he's a bad person or he's good to go.
00:21:09.000So just from your voice alone, they can tell if you're actually a criminal or not.
00:21:18.000But if they were able to tell him he was going to be a threat to them from the very beginning, they would have used that technology to hold him hostage.
00:21:29.000Yeah, so the last point I want to make there is, so then when everybody is able to understand how to use it at the basic level, and then once people start understanding, oh shit, this inflation thing is really going bad, and they start being like, okay, well, this is based on cryptocurrency, I heard,
00:21:44.000and now I can see cryptocurrency is making me money, so people are going to be more willing to start trying to use Bitcoin, because it's not going to be as scary.
00:21:51.000And that process may take, you know, the rest of this decade to play out.
00:21:55.000But there's a lot of people out there who are in the know.
00:22:00.000The central bank of digital currency is a hell of a lot closer than most people think, like within the next one year, if not within several months.
00:22:27.000And then when the next crash happens, they'll start printing with it.
00:22:30.000And the only thing I'll tell you to do if you end up getting it right is just spend it as fast as you can on crypto or education or just on something that's tangible because what's going to end up happening is that it's going to be like candy at first.
00:25:24.000This is where, you know, whenever you have this big of a shift in money, right, that affects people on a daily basis, people have to let their voices be heard, right?
00:25:32.000This goes back to, like, the basics of the United States, which is, you know, live free or die.
00:25:38.000Don't let the government control you so much so that you have no freedom anymore.
00:25:43.000So as you get your freedom of speech, like Miguel was talking about, or you get your freedom of money starting to get infringed upon, you guys better start learning A, cryptocurrency, because that will allow you to have your money controllable.
00:26:05.000Governments cannot shut this shit down.
00:26:07.000So for me, when I see the central bank digital, excuse me, currency over the next one year coming in, it just makes me want to buy more Bitcoin and Ethereum so that I have money that I can control.
00:26:16.000And then if shit hits the fan, you know, I'm rich.
00:26:48.000You got two experts here in cryptocurrency.
00:26:50.000Or, if you're a hater like the guy that called into the show yesterday, and you have a point of contention with what these guys have to say, feel free to send in your chat and your question, and we'd be happy to address it.
00:27:01.000You know, I think a guy called in yesterday, I was doing a live show yesterday, and My beef isn't with you, but you bring those crypto guys, they're scammers.
00:27:15.000Well, bro, they've spoken extensively about Bitcoin and how it's the most stable and that if you're going to invest in only a few assets, Bitcoin and Ethereum is pretty much it.
00:27:27.000Like, yeah, but they talk about Hex or whatever.
00:27:29.000I'm like, well, they talk about Hex because people ask them what they personally invest in and they say what they personally invest in, but they always say they're coin agnostic and that the two most stable coins are Ethereum and Bitcoin.
00:28:27.000Yeah, the only thing I wanted to say on that was, the way we talk about coins in the course, because people tend to be very tribalistic or religious zealots.
00:29:06.000This is why we're coin agnostic versus maximalist, is that a maximalist is just all in on one coin, and basically, if you're buying anything else, you're taking food out of my mouth.
00:29:16.000So it's like, this is why the guys earlier were saying Bitcoin, not crypto.
00:29:19.000Bro, most people learned about crypto.
00:29:21.000I mean, they know Bitcoin, but they're buying, like, Dogecoin.
00:29:24.000What ends up happening, like, what they don't understand is, like, it's good that they get into the meme coins, then eventually they learn their lesson and they go to Bitcoin and they get Ethereum.
00:29:32.000But you need something to, like, you need to find out about it.
00:32:37.000So one of the reasons why futures contracts are most likely being traded mainly by institutions or more sophisticated investors is because crypto is largely retail-driven.
00:32:48.000And so anybody who uses a tool like futures is going to be a more sophisticated investor.
00:32:52.000They're not going to be your normal average everyday person like a retail trader is.
00:32:56.000What's a futures – what is that specific?
00:32:58.000So basically, it's a way for you to buy Bitcoin on the Chicago Mercantile Exchange, the CME, which is basically a traditional exchange, but you don't buy real Bitcoin.
00:33:11.000So this is like an IOU that says, you can trade this around, and we'll give you the money equivalent when you cash it out, but we won't give you Bitcoin.
00:33:19.000Yeah, it's mostly used by commodity traders.
00:33:21.000As an example, they're trying to buy corn.
00:33:33.000So it's a way to protect yourself from commodity prices crashing.
00:33:37.000So, like, if you have a bunch of corn and you're trying to sell it for a high price, but you're afraid that if you keep waiting, you're trying to wait to get a higher price, and then as you sell it, the price crashes, you have these shorts here to give you a bunch of money to then offset your losses.
00:33:49.000So farmers, for example, would use, like, more sophisticated farming operations would use something like that to hedge.
00:33:54.000So if they're like, oh, shit, we could have a bad year, I'll hedge with some futures, so that way, you know, I have less downside risk.
00:35:54.000The futures were more towards the boomers and the more sophisticated investors and then Robinhood's like towards everybody else who doesn't understand the difference between they're getting a real asset or not.
00:36:03.000It's because you're buying stocks and then by having crypto on there you could sell some of your stocks.
00:36:06.000I used to be on Robinhood a long time ago.
00:36:08.000You could just sell your stocks and then you have a cash in the account and then you just buy Bitcoin on there.
00:36:12.000But now they've allowed you where you can buy the crypto and then eventually you can take it off.
00:36:16.000Because it used to be, I remember, we were very critical of Robinhood where you couldn't, you would have it, but you couldn't do anything with it.
00:38:39.000Bitcoin should be between, at the halving next spring, $35,000 to $45,000.
00:38:43.000That's higher than what it is now, right?
00:38:45.000So if we get to that point and we have what they declare to be a recession and we come down, We come back down to like 26k where we are now, right?
00:39:22.000Yeah, but like, so anyways, just reasonably speaking, right?
00:39:27.000People right now, the logical people, the value investors, they're looking at this as like, oh shit, I see a lot of opportunity.
00:39:32.000So all the guys in the chat who are in that mode of thinking, they have less fear than most of the market, so it allows them to do that because of logic.
00:39:40.000So the more knowledge you compound, the better of an investor you can become, and the less fearful or greedy you can become, and you tend to do better actions.
00:39:47.000And that's why we try to give people all the knowledge there in the course so they can stack knowledge just as much as they can stack the coins in their portfolio.
00:39:54.000Because I can see someone saying, you know what, I'm going to listen to this advice, buy crypto, but if you don't know what to sell or when to actually buy more, what's the point?
00:40:52.000And depending on which of the three they end up doing, we can get 25, then 25.
00:40:56.000And then historically, when they say, okay, we're done increasing, we usually get a little bit of a stock market crash, like 5% to 10% dip in the market.
00:41:05.000And they said they're going to hold the rates there at 6% for over six plus months.
00:41:11.000So that means the summer of next year, if you're a cash buyer of real estate and stuff, probably the bottom of the market's like third quarter for real estate in 2024.
00:41:21.000But if you're trying to actually buy in terms of using credit, you know, 20% down or, you know, a first-time homeowner sort of loan, it'd be sometime in the first quarter of 2025 because interest rates are going to go from 6% in, I would say, the end of this year, and then by the end of 2024,
00:41:38.000they're going to be at 5% and then 3.5% by the end of 2025.
00:41:42.000So they promise to do 100 basis points drop in 2024 and then 150 to 125 basis points drop in 2025.
00:41:50.000So this is why the market's a little weird.
00:41:54.000We've been in a recession already since the middle of 2022, but it's kind of a weird thing where the interest rates are going to start going down now.
00:42:00.000And you can just tell the audience real quick what actually defines a recession.
00:42:04.000Yeah, it's two consecutive quarters of negative GDP growth.
00:43:07.000Well, and so the point of that being, right, we already had the worst things that can happen in this market, right?
00:43:12.000And what Miguel said there about interest rates and everything, one thing that you do notice when interest rates get paused, like he was saying after some point next year when they do get paused.
00:43:21.000When that happens, not a long period of time, but a few months or a couple of years, whenever that's happened in the past, whenever we've had pause at interest rates, Bitcoin has 95% of the time gone up during that period of time.
00:43:37.000With interest rate basically being paused after they've already increased the rates a bunch of times.
00:43:41.000Yeah, and I think this is the importance of being so diversified when it comes to investing, guys.
00:43:45.000I've told y'all before, So like with real estate, right?
00:43:48.000When interest rates go up, it kind of sucks because now when you get a mortgage, a 30-year fix, it's not going to be as good because your cash flow is going to go down.
00:44:14.000All my houses that I have, I'm not really financing none of them.
00:44:17.000Like, I got a couple of houses that I locked in at like three, four percent, so I'm keeping those things, right?
00:44:21.000But when the interest rates go high, I told y'all before, with these high interest savings accounts, since interest rates are going up with the Fed, you go ahead and take advantage and open up one of these high interest savings accounts, and you'll be able to go ahead and make some money back.
00:44:34.000Because 6%, you know, if you have, you know, a million dollars is extensive, but if you have like, let's say $100,000, that's $6,000 a year, right?
00:44:43.000Yeah, and then you can go ahead and or buy crypto because crypto is going to give you a way faster return.
00:44:49.000I just think for the average person that wants to invest in themselves, of course, you get some crypto, get some money for some real estate, but as you become better and you get more knowledgeable about crypto, you learn more, You save your money into crypto?
00:45:03.000It's hard for me to find a real estate deal right now.
00:45:04.000So what I'm doing is I'm looking at crypto and I'm looking at high interest savings accounts and I'm just like putting money into those and then I'm putting money into crypto.
00:45:11.000Because you don't need a credit score of crypto.
00:45:13.000You don't need, for example, all these barriers.
00:45:15.000For all you guys out there that have shitty credit, you have some money that you want to dump or invest, excuse me, Well, you're dumping it into an investment.
00:45:23.000Crypto's a good way to go, for some of you guys, until you build up your credit.
00:45:26.000And you guys always say, don't put all your money, put all you can afford to lose.
00:45:30.000You have to be able to afford, like, literally the mindset, we call it crypto mindset for a reason, you have to be willing to lose it.
00:45:37.000You're literally just like, okay, like the first time I bought Ethereum, I'm like, this shit is called Ether.
00:45:43.000I am literally throwing my money into the ether.
00:46:28.000As you're taking profits after you pay your taxes, if you've made a good amount of money from that, let's say you're going to try to average a 20x on your entire portfolio, which is very possible in crypto over that two-year period.
00:46:39.000Let's say your property that you want to buy is, let's say, $100,000.
00:46:45.000How much money do I need after taxes, right?
00:46:48.000From crypto gains, if I only have X amount to put in now to get to 100,000 in pure profit that can use that cash and go buy real estate in 2025 or 2026.
00:47:18.000Yeah, you can absolutely do it yourself.
00:47:19.000We actually had Batman Campbell come in and talk about it.
00:47:21.000But if you want to hire someone to do it for you, we're going to go and hook you all up with somebody.
00:47:24.000But the point I'm trying to make is this.
00:47:26.000Your credit sucks, but you got a good job now, you got a little bit of capital, whatever it may be.
00:47:30.000You could take that money, since you don't have the credit score to get into real estate effectively, take that money, put it into crypto.
00:47:36.000It's probably gonna go up if you know what you're doing, right?
00:47:39.000Or at least be a safe place to store it where you're gonna make some kind of money.
00:47:43.000Then, get your credit score up, wait, maybe a year or two, no matter how long it takes.
00:47:47.000You have that money there, and you can use that money, which is probably going to appreciate if you hold it long enough, and use it to get into real estate.
00:47:54.000Going back in time, or if I lost everything, I would get two jobs.
00:47:57.000First job I would pay my bills with, any money I would save up in my account.
00:48:00.000Then a second job, I'd throw that all into crypto.
00:48:02.000In a year or two, If your credit score sucks, guys, it's really one of the best ways to invest if your credit score sucks is cryptocurrency.
00:48:25.000And the thing with real estate, too, is like, you know, guys, if your credit score is not good, We're talking about interest rates, assuming your credit score is good.
00:48:32.000I'm telling you, 8-9%, assuming your credit score is not shit.
00:48:36.000If it's like shit, bro, you're going to be paying double digits.
00:48:42.000So you've got to get your credit score on point, but that's going to take time.
00:48:45.000So in the meantime, while you wait, well, the barrier to entry is pretty low for crypto and the returns are huge.
00:48:50.000Yes, it's risky, but if you're buying fairly stable coins like we tell you all over here, whether it's Bitcoin or Ethereum, You should be straight, man.
00:49:02.000I look at my crypto wallet as like, okay, this is like emergency money that I can use if I need it to buy a house or to get out of a tricky situation.
00:49:42.000And Myron, I know, is a value investor because, right, when I was talking to you about crypto back in 2019, around this time, you were like, I'm not so sure about that, but I want to listen.
00:50:31.000Yeah, you gotta get those quick hits too, right?
00:50:33.000Because if you don't get the W's, right, then sometimes the long-term play is really, really hard, right?
00:50:39.000And so it's like, okay, usually it's like when we're talking to everybody in the class and everything, it's like, okay, what are your goals?
00:51:35.000And so, like, go and find those goals, and obviously there's gonna be changes, things happen, so you have to, you know, stick with it over time.
00:51:41.000But we tell people, take those goals that you have, and be like, okay, so one goal, let's say, is I want, you know, something that's a few thousand dollars that I can splurge on.
00:51:51.000Now, long-term, I want something that's a few hundred thousand dollars that I'm not splurging on, but that I can use for generational wealth with my family and all that, right?
00:52:13.000If you walk into the casino with $500, $1,000, $10,000, $100,000, whatever it is, if you go down to zero, are you going to go to the ATM and take out more cash?
00:52:23.000So if you try to take the home run shot and you swing and you miss, okay, I tried, and then you still have the long-term investment bag, no worries.
00:52:30.000You hit it, which a lot of our guys have.
00:53:20.000Because then all that's going to happen is you're going to lose the money because you're going to be doing dumb sim stuff.
00:53:24.000And I guarantee you, when they lost the money in that wave of like, you know, what happened with crypto, and they were in the club popping bottles, you know, taking girls on yachts, where are they now?
00:53:52.000Actually, here's one thing I will say, and I won't go into too many specifics, but one of the ways that I was like, oh shit, we're getting close to the four-year cycle low in the last quarter of last year, September of last year.
00:54:03.000I was on LinkedIn, as I do, like, once a quarter just to see what's happening, you know, in the corporate world with the plebs, right?
00:54:12.000But basically, I just watch around to see what happened.
00:54:15.000I noticed there was a person who I knew decently well who was in crypto for a very long time, right, and made good money in crypto.
00:54:22.000And he had quit crypto, gone totally, you know, into his investments and everything.
00:54:28.000And then I saw on LinkedIn, boom, hired, good company, good job, everything, no hate, you know, I respect the guy, but he's crawling back to the old job.
00:56:18.000I think there's a stat out there that the guys in the NBA who take the most three-point shots, they're the highest risk takers, they tend to become broke after they retire more frequently.
00:56:53.000When we run our channel, we said at the very beginning, when we introduced ourselves, we said, hey, we built our own channels so that we don't have to shill other people's shit.
00:57:03.000Give people good information with this course.
00:57:05.000That's why I love y'all so much, because you guys don't sit there and be like, buy this coin on this exchange, etc.
00:57:48.000So basically what they're doing is they're doing a blanket attack on any of the top 20 cryptos.
00:57:53.000So they went after XRP. XRP gave them a big L. And then literally the next day they went after Richard Hart because basically XRP won their case and they had egg on their face.
00:59:32.000So, and I want to make this clear, too, because people are saying that, you know, Richard Hart's scammer, blah, blah, blah, all this other stuff, where he got in trouble.
01:01:07.000He was shilling a bunch of these altcoins to people during twist classes.
01:01:10.000If he's successful and says, okay, Coinbase should go to jail, Richard Hart should go to jail, CZ from, what do you call it, Binance should go to jail.
01:02:53.000Here's the thing, it's because they're not in the crypto space, so they didn't know, like, this is the problem, is like, if we had their phone number, if I had Grant Steppen's phone number, he lives in Vegas, I would have told them not to do it.
01:03:07.000Y'all were skeptical of FTX from the beginning.
01:03:09.000From the jump, because it was like, they were claiming to be like a US exchange, and they were out of fucking, not Barbados, they were out of, what's it called?
01:05:18.000How many people in the finance—because everybody's like, oh, there's so many scammers in crypto, people I don't like, da-da-da-da, right?
01:05:24.000How many people on Wall Street do you like, right, who are making money and you're like, I'm going to buy that stock, I'm going to buy this stock, I'm going to bet on that company?
01:05:32.000Have you met most of the CEOs from these companies that you're betting on?
01:06:12.000I guess one coin, shockingly enough, is I would say Solana.
01:06:16.000Now, it's not my favorite chain and stuff because it keeps going down, but it's one of the only American chains that was built in America, and VCs from Silicon Valley are pumping money with it.
01:06:27.000After they've gone Sam Bankman-Fried, they got rid of a lot of his projects, and they're re-putting money back in.
01:07:28.000It's about, I think, 18 cents right now.
01:07:31.000There's no financial advice, but if you tend to...
01:07:33.000Pattern-wise, if you look at its chart and everything, and it has a burn rate that's pretty good that helps to reduce supply over time, all that stuff, it's an exchange on a fundamental level.
01:07:43.000It's an exchange that allows you to swap coins, like Bitcoin to Ethereum, which usually you have to...
01:07:49.000Change Bitcoin into an Ethereum-based token first to do anything in the Ethereum area.
01:07:54.000So it allows you to do cross-chain swaps, which is interoperability is a huge thing in crypto that doesn't yet exist.
01:08:12.000Basically, there's a huge trend out there with Metaverse GameFi that...
01:08:17.000I don't know how much to say right here, right now, but, you know, there's companies that are global, right?
01:08:23.000Not necessarily all US-based, who are going to be using GameFi and the metaverse space, because that's going to be built out globally, whether people like it or not.
01:08:33.000And through there, they're going to be doing different coins, and Illuvium is a gaming coin in that respect.
01:08:38.000But when everybody is basically saying, crypto gaming's done, Metaverse is dead.
01:09:00.000So he's just in one little part of crypto.
01:09:03.000So it's like right now they're trying to come out right now with AAA games.
01:09:07.000Imagine you make Call of Duty and then you have these loot boxes and stuff like that.
01:09:11.000So right now the crypto space is trying to come out with their first kind of Big hit right now.
01:09:16.000And that's what's happening right now.
01:09:17.000That's why it's so exciting because, you know, you had Facebook change their name to Meta and then every single GameFi, every single AI coin fucking skyrocketed off of like, because people are like, oh damn, the Metaverse is real.
01:09:30.000This is what Decentraland Sand, Axie Infinity, all these little micro games and stuff.
01:09:56.000You know, if you like the platform, if you like the game, if you like the people building it who are well connected in the space, it might not be so bad.
01:11:04.000Now, there's a joke that we said, like, Maddox is completely owned by 13 Indians.
01:11:11.000So, like Charlie said, I was very early on in the coin called Decentraland, and in there they promised to essentially be their scaling solution, and essentially they just abandoned that.
01:11:22.000They just left and decided to do a second thing.
01:11:25.000But the one reason why, like, Maddox still is going to make money.
01:12:12.000And guys, if you guys want more sauce like this, man, they got a course out right now where they're going to go ahead and do a bunch of Zoom calls and teach you guys.
01:12:18.000They're going to talk about it in more detail here in a second.
01:14:20.000If you really don't like it and you're just like, I can't manage holding this anymore, I don't want to be reminded of it, then just turn it into something that's more stable over the long term like Ethereum or another coin like that.
01:15:28.000Because, I mean, gambling is, I mean, dude, free, like, free, like, you release anything into freedom where anyone can do it anytime, it's massive.
01:15:35.000But the problem is, is like, bro, if, like, Lazarus Groups is after you, I mean, dude, it's like talking about, like, I'm the elusive man, or some shit.
01:18:01.000This is what I've realized that people have their investment class and they're just so heavy in that investment class and they say everything else is bullshit.
01:18:08.000You know what the real greater fool theory is?
01:19:05.000One more thing about the halving, right?
01:19:07.000So going into the halving, Bitcoin supply from there on out will be reduced by half, meaning the miners who generally mine one Bitcoin every 10 minutes, right, they will have half as much Bitcoin as a reward, right?
01:19:21.000So I think right now it's like, what is it, 3.25 Bitcoin per reward every 10 minutes.
01:19:26.000Now it's going to be cut in half to like 1.125, right?
01:19:49.000So Bitcoin doesn't need more people in it to increase in value, but it does do this thing which is magically, you know, a product of the internet and the digital age called the network effect, right?
01:19:59.000Which if you add more nodes or more people to the network, That network becomes more valuable inherently as a utility.
01:20:07.000So a utility for Bitcoin to move your money anywhere in the world, when you want, where you want, and to who you want, is the utility of that.
01:20:15.000So it doesn't require more people to go up in price.
01:20:18.000But if more people come in, then it goes up a lot more in price, that's true.
01:21:53.000Miguel, you met GG33. He said next year is money year 9LP. Do you think I should buy some more MANA, ETH, XRP, and keep investing in Spine ETS before this year is over?
01:24:09.000If you don't have an email at all within 24 hours after purchasing the course, Then, email us at support at cultivatecrypto.com and we'll basically help you out.
01:24:20.000And we've taken care of a lot of people that way.
01:24:22.000And then, once you get into the Telegram, for the next week or so, you'll be able to talk with everybody in the chat.
01:24:28.000If you don't know anything about crypto, people in the chat, we already have experienced people, will teach you some extra information.
01:24:34.000If you already know about crypto, you want some holes filled, everybody in there talks about what's happening in crypto right now.
01:24:41.000Then, around September 20th or so, we'll let you guys know specifically, but around that date, I have to look at my calendar.
01:25:48.000We'll give you five pre-recorded so that when you come into the course, you already can look at how to set up wallets and everything like that if you don't know how to do that.
01:25:54.000And then this quarter, we're doing two extra webinars on top of the 15.
01:25:59.000So we're going to do 17 in total that basically have been voted on already by some people who've taken courses in the past on different subjects that they want to learn more about.
01:26:07.000And then we're also, when we do enter the course, we'll give some of the newer people a little bit of say as well.
01:26:12.000So we're going to do two customized webinars this quarter for everybody as a little bit extra.
01:26:17.000And we have some other stuff planned in there in terms of guests and everything.
01:26:21.000We have industry guests coming in, all that stuff.
01:26:45.000Start doing crypto throughout the quarter.
01:26:47.000Follow what we're telling you basically on what's happening in the market.
01:26:50.000And then, you know, as you learn, go back to that information that you bought and then be like, okay, I need to focus more on my technical analysis or my fundamental analysis or my on-chain data or whatever it is that you need to learn more about.
01:27:03.000You can always come back to that information.
01:27:22.000So hash rate essentially is like how competitive is it to mine one bitcoin right now.
01:27:27.000So the higher the hash rate, the more people are trying to get bitcoin, the more miners there are trying to compete for bitcoin.
01:27:33.000So right now we're pretty much at an all-time high in hash rate, meaning all the miners right now are aggressively bidding against each other with computing power to try to get more Bitcoin.
01:28:03.000I mean, hey, I don't want the guys to get wrecked on it, but hey, if PDA and them go to a dollar and Atropa goes up, hey, shout out to you guys.
01:28:10.000But just be careful, you guys, because...
01:28:12.000There is people who got into those coins very cheaply, and we're in a bear market, so they could take profits on your head if you're not careful, so be careful.