Playing to Win - 037 - Crypto Predictions For The Rest of 2021

00:00:00.000 All right. What's up, guys? We're live, joining with Charlie from Cultivate Crypto.

00:00:07.200 Miguel will be joining us shortly. What's up, Charlie?

00:00:09.720 Hey, not too much. Just starting the enrollment for our quarter three crypto mindset course here

00:00:16.300 today. So I've been pretty busy the last few days making sure that it all goes smooth.

00:00:20.080 But yeah, we've already got over 150 signups. So a lot of people still want to get that cheap,

00:00:26.220 cheap Bitcoin on the dip here. Yeah. So we'll be talking about that. I know you're busy today and

00:00:31.820 you just got off John's stream. So we'll probably roll for 45 to 60 minutes today. Miguel should be

00:00:39.520 on route very shortly. But I kind of wanted to start from the angle of updates on the market

00:00:46.220 because I don't broadcast about this stuff regularly. I kind of pepper it in through my

00:00:51.100 regular cast. I let guys know that I think cryptocurrency is important. It is part of

00:00:55.740 the future. And they should learn and get involved with it. There's Miguel. What's up,

00:00:59.420 brother? Hey, what's going on, Rich? Hey, man. There we go. So we got everybody in the house.

00:01:05.060 Yeah. So just to kind of get the ball rolling here, like where are we at with things? Because

00:01:09.440 I don't know, a few weeks ago, Elon, Elon, I'm on the spectrum must, you know, some retarded shit about 1.00

00:01:17.000 Bitcoin using too much energy and he's dropping it. And I just like, I can't believe this guy can move 0.91

00:01:22.820 the market like this much and have this much influence. And that many people, you know,

00:01:27.000 think that what he says and does should be taken as gospel like he's a God. But there you have it.

00:01:32.440 You know, it seemed to be the tipping point, like the catalyst. Like what are your guys thoughts on

00:01:36.880 all that? Scaring the noobs. The old money in crypto is accumulating, right? And the people on

00:01:44.300 Wall Street are accumulating. I've had conversations with people who work at the head offices of JP Morgan

00:01:49.560 in New York, as well as Morgan Stanley through my consultations over the last one month.

00:01:54.180 They're getting in, right? They're all like, they're like frothing at the mouth with these

00:01:58.300 little prices on crypto, right? And Bloomberg, I did a report that they, I showed a report that

00:02:04.200 they did and I did a deep dive on it on Tuesday on my show. If you go over to Cultivate Crypto and just

00:02:09.720 look at Bitcoin 20,000 or 100,000 in 2021, which is most likely. Bloomberg is going towards 100,000

00:02:17.660 for Bitcoin specifically and more, not more than 100,000, but, you know, higher prices for Ethereum

00:02:23.160 as well. And the week before that, I did a report breakdown from Goldman Sachs talking about their

00:02:30.200 bullish on Bitcoin. I'm sorry, they're bullish on Ethereum mainly. They don't like Bitcoin as much

00:02:34.700 because it does threaten them quite a bit. But yeah, I would say we're still long-term bullish.

00:02:41.000 Like it's basically inevitable for crypto. So, you know, with the mindset, what we tell people is

00:02:47.580 when you come into crypto and you don't know anything, or you feel like it's a lot of information

00:02:51.840 at the beginning, the best way to look at it first is as a long-term savings account. So buy it, intend

00:02:58.320 to hold it for five years, right? Not touch it, just money you don't need for that period of time,

00:03:02.360 money you need this year, the next six months, next one year, keep in cash or something that you

00:03:06.860 can use right on a daily basis. Don't, you know, put in everything that you own. And yeah, if you

00:03:13.980 look at it that way, then when you have these dips, it's not really emotional for you. And then from

00:03:18.360 there, then you can progress and learn along the way. But yeah, where we're at right now in the

00:03:22.480 market, it's basically accumulation time. And so Bitcoin holding above 30K is very bullish and

00:03:28.020 Ethereum holding above 2000 is bullish. So those two levels holding, everything's positive in that

00:03:33.600 regard. You want to add to that too, Miguel? Yeah, sure. Just to go back onto the Elon Musk

00:03:39.720 point, right? I mean, one of the reasons why he flipped so negatively on Bitcoin was because

00:03:45.440 upcoming, there's something, well, President Biden has something called the Green New Deal,

00:03:50.740 which essentially is basically... Is that all based on the AOC thing?

00:03:54.760 Yeah. So it's a giant subsidy thing for Tesla, solar wind. It's pretty good. You know,

00:04:01.220 anytime we can invest in renewables, that's pretty good. But a big part of his money was

00:04:05.460 he had a kind of a turncoat real quick because the way Tesla makes a lot of their money is actually 0.94

00:04:11.460 selling carbon tax credits over to other auto manufacturers because they're fully green and

00:04:17.700 they sell cars. Every car they sell, they essentially build up like a piggy bank of their version of

00:04:22.540 green credits or Bitcoins. And then they sell those Bitcoins off to the other manufacturers that

00:04:27.300 obviously are not green at all. And that's where they make a lot of their money. So they were

00:04:30.380 threatened to lose that. So that's why they kind of turned coat and went real green because

00:04:34.340 if they get those subsidies that they need, they can then start paying for essentially charging

00:04:39.860 centers all over the United States, as well as like the reason I know for sure Bitcoin and all

00:04:45.540 this stuff, there's people crying in the streets like Bitcoin's dead and everything. It's all

00:04:48.660 doom and gloom, right? But you have his, one of his buddies, Elon Musk's buddies, which is Peter Thiel

00:04:54.260 building the largest solar farm in the United States, in Texas right now for just Bitcoin mining

00:05:00.420 alone. And that's one of the recipients that are going to be receiving those tax credits for,

00:05:04.500 for Bitcoin mining. You had something like these big players like Celsius just by $200 million,

00:05:10.220 what's called Bitcoin mining operations here in the States as well. So Bitcoin mining sector in the

00:05:15.420 United States is actually just getting started right now. So this is not over.

00:05:19.260 We got El Salvador talking about mining Bitcoin with volcanoes now, which is cool as hell, right?

00:05:27.260 Yeah.

00:05:29.080 No, they know, they, they know how to do it out there.

00:05:31.120 We're making Bitcoin with volcanoes.

00:05:34.020 Renewable energy, right? 76% of Bitcoin miners right now are run on renewable energy. So,

00:05:40.860 I mean, you know, people with that argument, it just didn't do this.

00:05:42.940 I didn't, I didn't really buy the whole, you know, hype around it. I was like, oh,

00:05:46.860 awesome. It's on sale. Let's buy more. And that's what I did. You know, I just stacked more in the

00:05:52.280 bags as it, as it kind of went down. I even, I even used the London B2X program, which I know you

00:05:57.820 can't get in the U S but there's parts of the world that you can get it as well. And they're

00:06:00.660 stacked up there with some other stuff too. So I'm still super bullish. I mean, I was actually

00:06:06.680 concerned at one point that it might go below 30,000, but it doesn't look like it's going that way

00:06:11.400 anymore. Now it looks like it's, it's, it's up on the climb. Uh, it's at 37,408 as I speak right

00:06:18.080 now. Um, so that's good. Um, what else, what else has changed since the last quarter, since we talked

00:06:24.480 last, I think one thing, which was interesting, right? Looking at DeFi and looking at the amount

00:06:28.960 of yield you can get. I remember, um, when you, uh, put this, I think, uh, you put the link for this

00:06:35.420 channel or for, for this stream up a while back and I saw you, uh, take a screenshot of

00:06:40.520 the Vesper yield. It was like a thousand percent during that day. And there were some guys freaking

00:06:45.920 out like, Oh, it's a snake oil salesman scam, blah, blah, blah. It's like, no dude, it's, it's

00:06:50.960 actually at that rate at that time. Yeah. I think the amount of coins that I had, uh, you know,

00:06:57.400 getting, getting compounded, doubled, um, per day, um, during that time, it went up to as high as

00:07:03.320 like 14 or 1500, um, yield, you know, if you, if you were to average it at across the year,

00:07:08.500 that's what it would end up at. But, you know, you just got it for that day or those couple of

00:07:11.840 days and it's been fluctuating obviously. But when you get that compounding effect happening with

00:07:16.320 your crypto, we did not have that this last bull market. Right. I think that's something that

00:07:20.200 amazed you. And I mentioned that I had, uh, it's at 48.15% right now. Right. Yeah. Yeah. Yeah,

00:07:27.460 exactly. It does have wild fluctuations, but I mean, getting a 40% yield on something is

00:07:33.300 I mean, all crazy in and of itself, right. It's nothing you can get at a bank. Um, and I think

00:07:38.940 I even mentioned this to a next hedge fund manager that I met me and John met him here at the Tokyo

00:07:45.060 American club in Tokyo the other day. And, uh, he was, I basically told that, uh, to him a little bit

00:07:51.760 about the percentage that, um, we were making on that. And he was just like, are you freaking kidding

00:07:56.180 me? Like, I need to learn about this, you know? So, you know, the old guard is, uh, you know,

00:08:01.900 they're starting to pay attention, I think. And, uh, I think that's important too.

00:08:05.540 Yeah. Um, so what else have we seen change since, since that last quarter that you guys launched

00:08:11.220 your course? And, you know, by the way, guys, if you want to get in on the course, uh, they

00:08:15.500 are opening it up today. I have sent an email to my list with a link already. Um, it's also

00:08:21.480 in the description here. I'll just drop it in live chat as well. If you want to grab in,

00:08:26.180 um, what else has changed since the last time you guys launched the course with the, uh, market?

00:08:31.100 Like, what have you learned since then? Like, or what's been proven or what's solidified

00:08:34.060 or become stronger?

00:08:36.860 Basically the, the whole narrative, there's this whole narrative push right now that, um,

00:08:42.340 people are getting, uh, not, not that they're going negative on Bitcoin, but there, there

00:08:46.300 is, there is the very high likelihood that the Ethereum is going to get very close to the

00:08:51.280 market cap of Bitcoin, even pass it.

00:08:53.600 Yeah. You guys have been talking about the flippening. Can you, can you expand on that?

00:08:56.720 Yeah, sure. It's, it's this whole narrative of basically at some point, Ethereum's market

00:09:01.160 cap, not, not price per token market cap is going to pass Bitcoin's market cap and go

00:09:05.840 number one. And, uh, this is a Bitcoiners nightmare, but it's one of the best times actually

00:09:12.400 to probably flip Ethereum back into Bitcoin. So it's actually a huge thing. So right now

00:09:17.160 we're a little Ethereum heavy. Um, and right now currently you can get one Ethereum buys you

00:09:23.320 about 7% of a Bitcoin during this peak time. When this flipping can happen, either if it gets 80%

00:09:30.200 or actually passes it, it's an opportunity where you can get a ton of Bitcoin really cheap.

00:09:36.200 And if you so choose after the Ethereum crashes, you can then sell back and get a significantly

00:09:42.840 large amount of Ethereum back or just keep the Bitcoin. So it's a huge, huge opportunity.

00:09:47.400 So when you're talking about the flippening, uh, it says the market cap is just under 700,000 right

00:09:53.000 now for Bitcoin and Ethereum is 293,000. Are you saying that the market cap of Ethereum could

00:09:59.640 potentially become more than Bitcoin during this bull run?

00:10:03.720 Yes. Yeah. It can get, it can, the, the, I would, I would call a success, the flippening of like

00:10:08.680 Ethereum getting to like 80% of Bitcoin's market cap, which is really high. That's like an all like

00:10:13.240 pretty all time high for the cycle. But during the flipping things, what's going to happen is

00:10:17.560 anytime, if let's just say Ethereum were to pass Bitcoin for a bit, what would happen is you would

00:10:22.200 have people from the Bitcoin side get very scared and you know, no, not these paper mache hands

00:10:29.160 sell their Bitcoin into Ethereum, which would pump Ethereum up. And then obviously we from there

00:10:35.000 would say that's not sustainable because it's, it just shot up too fast, too quickly. It would be

00:10:39.640 probably one of the best times to actually sell Ethereum into Bitcoin and you'd be able to get

00:10:44.120 a significantly large amount of Bitcoin. And you guys cover all of these strategies

00:10:48.920 and tactics in the course that you put out. I mean, I've, I've, I've been through the course

00:10:52.520 material twice now. Um, they're all live webinars and they run for two weeks or, I mean, they're about

00:10:58.760 as in depth as you know, you could possibly want. In fact, more than you probably want.

00:11:02.680 Um, but it's clear, right? Yeah, exactly. I think, you know, people are still like go

00:11:09.000 quarter after quarter, looking back at the older recordings, even if they've come into multiple

00:11:12.840 courses, right. And, uh, use that as a way to, you know, sometimes the course information is

00:11:18.760 they're ready for a good chunk of it, but not all of it. And then when they are ready for it down

00:11:23.000 later down the road, they still have access to those videos quarter after quarter. So they can go back

00:11:27.960 and watch them over time as well. Let me, let me just grab a couple of these super chats. So I

00:11:32.440 don't lose track of them. Got a, just a little donation here from Trevor. Uh, Liam's got a

00:11:36.840 question for you, uh, or sorry, Charlie about the death cross. Can you explain what that is?

00:11:41.720 Yeah, definitely. So it's a moving average with the 200 day moving average for Bitcoin and the 50

00:11:46.360 day moving average. So short-term moving average versus a long-term. And when the 50 day moving average

00:11:51.400 goes under the 200 day moving average, that's what they say that called the death cross when it goes the

00:11:56.200 opposite way, right after they've been in a downtrend, that's what they call the golden cross.

00:12:00.520 And, um, so it will, you know, I think be a little bit bearish for Bitcoin in terms of, uh, short-term

00:12:07.480 in crypto. What we call this is a crab market, not necessarily a bear market. So meaning just kind of,

00:12:12.280 you know, price kind of waddles around sideways here for a bit, you know, has that fluctuation,

00:12:16.920 but it's a great accumulation time. So the death cross isn't like, oh no, we're going to zero. This is all

00:12:22.600 over. Sorry guys, pack it up. Um, you know, go and subscribe to Peter Schiff, uh, or whatever,

00:12:27.960 you know, yeah, exactly. Right. So, you know, it's not that bad. It sounds terrible, but it's not that

00:12:35.080 bad. It's mainly just, you know, extends the sideways portion of the market for a little bit

00:12:39.640 longer. So, okay. You have to deal with two months to a few extra months, basically of, uh, you know,

00:12:45.880 Bitcoin not hitting new all time highs every single day, you know, and Liam's awesome. He's been in the

00:12:51.080 course, uh, since, uh, the first one that we did. Yeah. And so he's really good guy. Yeah.

00:12:56.600 He's been a member of my community for a long time. He's totally dialed in with crypto. Uh,

00:13:00.200 Dragos just says, Hey, uh, let's go get it. Another one of my boys from the inside,

00:13:04.440 uh, competent man. Is there any concern of tether propping Bitcoin? I know there's been

00:13:09.720 some speculation that the tether can bring down the entire cryptocurrency market. I always have

00:13:14.680 naysayers that are like, the whole thing's going to collapse. It's going to get destroyed because of

00:13:18.200 tether. What's your guys take on that? Maybe start with what tether is. Cause I know we have

00:13:25.240 a lot of guys that are kind of on the fence that know a little bit about Bitcoin and crypto. So,

00:13:30.680 so just start with that first. Yeah. Me, me, Miguel. Right. Uh,

00:13:33.400 we always often have like slightly different opinions and stuff. So like, it's, I want to get

00:13:37.880 both of our opinions on this for sure, but like just the basics of what tether is, is, uh, it's what

00:13:43.080 we call a stable coin in crypto. So it's a cryptocurrency, um, which is pegged to the

00:13:48.840 stable asset price of the U S dollar. So one tether is always $1, uh, and stays there. Right.

00:13:55.560 So it's a way for you to, let's say you were just to buy dollar, like take your dollars from your bank,

00:14:00.520 turn it into tether USDT, um, which would be your stable coin. You wouldn't lose or change your dollar

00:14:07.160 value at all. And these days you can, uh, some places like Celsius network, you can put it on there

00:14:11.960 and you can gain 10% interest on your dollars without risking any volatility with being in

00:14:16.520 the crypto market. Uh, and that's better than you can get at any bank. So that's one benefit to tether,

00:14:21.480 uh, in the market, but also USDC, which is a coin basis coin, a stable coin called the U S dollar

00:14:27.080 coin. Um, and there's a lot more of them now. There's a true USD. Um, I believe there's a one on,

00:14:34.360 um, I forgot, T T U S D, uh, Gemini dollar die, Gemini die. Yeah. Luna recently came out with theirs. 0.76

00:14:43.800 Um, and so be cut and B USD for Binance. There's so many stable coins in the market. Now

00:14:48.600 tether is getting diluted in the dollar game in crypto, which means, um, basically they have less

00:14:54.840 impact. Uh, there's actually a few crypto articles about this recently that I could link to somebody.

00:14:59.240 Uh, I might, I'll probably keep those articles for people in the course, but, um, basically what,

00:15:04.360 what those, uh, what people are arguing now is basically, uh, tether has been so diluted in

00:15:09.240 the dollar race in crypto that, um, their impact is not really that much anymore. The dollar itself

00:15:16.040 is actually becoming, um, used so much in crypto with different stable coins that that's also maybe

00:15:22.360 part of the reason why the United States is slightly, you know, warming up to crypto ever so slowly.

00:15:26.280 But, uh, so you haven't sold all your positions, stacked us dollars, holding green back under your

00:15:32.760 mattress. You're not fearful of, of tether bringing down the entire market.

00:15:36.920 No, I, I view anytime tether FUD comes out as a buying opportunity, like, yeah, it's a, it's,

00:15:44.200 it's really interesting. I mean, basically what people are mad about is that, um, tether is doing

00:15:49.320 something, a quasi bank sort of thing where once they get the collateral in and they don't have it

00:15:55.560 into themselves, they can print the tether and then buy the assets they need that for,

00:15:59.000 and then wait for the, the, the money to then hit the account. And that's what people aren't happy

00:16:02.520 about. Another thing too, originally when tether came out, tether was one for one back dollar,

00:16:07.880 which is still the case. They're still back back. All their assets are backed by dollars or something

00:16:12.120 equivalent, but it was actually dollars. So I used to have to deposit a thousand dollars into a tether

00:16:16.840 bank account. And then I could create a thousand tether dollars. Now they're, they can use debt or bonds

00:16:23.000 as well as collateral to then make dollars, which some people don't like. And that's kind of some

00:16:27.880 of the, kind of the hub of blue basically about that, as well as there is entities in the United

00:16:33.400 States that would rather have USDC as first over tether because USDC is. So if you, if you look at,

00:16:40.600 if you look at like something like, um, Coinbase Coinbase is banked by JP Morgan, JP Morgan's one of the

00:16:46.280 federal reserve, you know, they got a seat on the federal reserve. So effectively USDC is actually,

00:16:51.560 a lot of people don't know. This is basically a fed coin for the most part. So it's actually the

00:16:55.880 one that the United States government actually really backs is USDC and USDC has been on a

00:17:00.920 meteoric rise in terms of stable coins. It's now number nine on market cap where tether is number

00:17:05.800 three. So basically another two and a half X and you have the USDC passing tether. And because most

00:17:12.120 people kind of feel this, it's the same thing Charlie was saying. I'm in full agreeance that we're

00:17:16.440 probably going to see a flipping of USDC to tether at some point as well.

00:17:20.760 Yeah. Yeah. I've got that feeling too. Um, how will we got another one here? How will the income

00:17:26.840 and regulation impact the market? There's always the, the, you know, the fearful blokes out there

00:17:31.880 that think that they're going to regulate cryptocurrency out of existence, or it's going to be impossible to,

00:17:37.000 um, uh, see, you know, true market growth, um, you know, because of government regulations.

00:17:43.480 So what's your, so what's your guys take on that? Go ahead and jump on that one first.

00:17:47.800 Yeah, of course. Yeah. With the upcoming regulation, obviously if there's any right,

00:17:51.640 if some random regulation that's a little negative comes out, it will cause some short-term volatility,

00:17:56.440 but the United States is not going to crush the cryptocurrency industry. I mean, if you just look

00:18:01.080 at, like I said earlier, the United States is heavily investing into mining. Um, what, one of the,

00:18:05.560 one of the things about the green new deal is that there's actually subsidies for like Intel

00:18:09.640 and all the chip manufacturers in the United States to have subsidies. So why do you think

00:18:14.520 they're doing that? Why would they give a chip manufacturer? I mean, obviously other than,

00:18:17.560 you know, making more smartphones and making more and having more homegrown tech here,

00:18:21.560 um, the mining sector is getting built out right now in the United States. It's one of the reasons

00:18:25.560 why, uh, we're going to get into this in the course, why my big part of my, uh, kind of thought

00:18:32.040 into why we haven't had the ETF yet, which is a Bitcoin ETF, which is huge, huge thing. Because if the bit,

00:18:38.520 let's just say something like the Bitcoin ETF were to get passed, we would go instantly into a

00:18:43.080 huge green candle bull market, raging bull market, because at that point you have the 401k money

00:18:49.480 dripping into the crypto market, which is insane. That will really propel the market up. But the

00:18:54.440 reason the United States hasn't passed the ETF is because the United States doesn't have,

00:18:58.120 doesn't feel comfortable and doesn't have enough hash power in the Bitcoin mining sector because the,

00:19:03.640 so that's, what's going on right now. We're building that out right now in the States.

00:19:07.240 And actually the, uh, China has been actually cracking down on their mining sector. So

00:19:12.040 this is like a huge opportunity for the United States to actually get a chunk of the Bitcoin

00:19:16.200 control. So that that's, so as soon as we have enough hash power, maybe 10, 15% of the United

00:19:22.440 States will probably. Okay. At that point. Are there places in the U S where electricity is relatively

00:19:29.240 cheap? Like you're probably not going to find it like Iceland where it's practically free,

00:19:32.600 but other places in the U S where it does exist, you know, practically free.

00:19:36.280 Yeah. One of the places that they're doing a lot of Bitcoin mining, um, is basically, uh, Texas.

00:19:41.480 They're doing it with a lot of the energy coming off of fracking. Oh, okay. Yeah. So they do some

00:19:47.160 with solar as well. Um, but yeah, basically they have a lot of excess energy coming off the fracking

00:19:52.200 miners. And so they just hook up a Bitcoin miner right next to that. And then any of the excess energy

00:19:56.760 coming off of it is free energy that they're going to lose anyway. So might as well mine something

00:20:00.680 with it, uh, mine something extra, right? Something digital. Um, yeah. What do you think

00:20:05.480 about the incoming regulation argument against Bitcoin and crypto? Yeah. The one other thing,

00:20:11.240 I think, um, I think Miguel's points were perfect. And then the other thing, uh, to add on top of that

00:20:16.200 was basically the only thing that they can really regulate is the end points where, um, people touch

00:20:22.200 crypto from their banks, right? Once you're in crypto, good luck because, um, that's what we teach

00:20:28.040 in the course as well. There's a lot of these decentralized exchanges coming out. So they're

00:20:31.560 going to have a really hard time. It's going to be like playing whack-a-mole trying to, um,

00:20:35.080 regulate the decentralized exchanges. Why? Because you can just take the code, copy it,

00:20:39.400 make another one, make another one, make another one, make another one, and they can't stop it,

00:20:43.000 right? It's a free open source code for everybody. And there's, you know, the first one that was

00:20:48.040 extremely popular was uniswap, uniswap.org, uniswap.org. And, uh, for anybody who wants to

00:20:53.960 go visit the site, um, they, you know, uh, have over, uh, more volume, uh, than, uh, Coinbase

00:21:01.720 basically now and, um, over billions and billions of dollars being transacted on there daily. So, um,

00:21:07.800 this technology works and, um, you know, they're going to keep trying to regulate the endpoints

00:21:12.520 that are touching the banks mainly. And, uh, that's where they can slow you down, but they can't stop you.

00:21:16.760 Yeah. I don't see that. Like, you know, like regulators going away and just leaving this

00:21:21.640 alone anytime soon. I think they're still going to try to take little, you know, like pecs at it

00:21:26.840 here and there throughout time, which is fine. Cause I mean, like I've always said to you guys,

00:21:31.800 you know, like children kind of have a way of throwing rocks on the ice to test how strong it is. 0.98

00:21:35.800 Um, women do the same thing to men, you know, with their competency tests, AKA shit tests and what 1.00

00:21:42.120 the government's doing, you know, what the state's doing is they're basically trying to test how 0.99

00:21:45.720 strong this thing is. So I think that, you know, the more they attack it, the more they try to

00:21:50.360 regulate it, the more they try to like tax it or control it or limit, you know, the personal

00:21:56.360 mobility or freedom of it, the more anti-fragile it's going to become over time. That's just my

00:22:01.640 personal prediction, but I don't see it getting worse with regulation. In fact, I see the

00:22:05.960 introduction and the conversations of regulations, strengthening the cryptocurrency markets,

00:22:10.440 especially Bitcoin. And often when you, you know, you tell somebody they can't do something,

00:22:15.800 they kind of want it a little bit more. Watch me. Yeah.

00:22:20.280 Okay. Watch me, buddy. Um, we got another one here from Igor. He's asking about the course and

00:22:26.200 I'll drop the course link again. If you guys want to, uh, click it and just buy it. I've had a bunch

00:22:30.680 of people just say, just shut up, Rich, and give me the link. I don't really care. I don't want to watch 0.89

00:22:33.800 the, I missed out last time I want to get in now, but if you can answer that question, you know,

00:22:38.200 about the course schedule. Yeah, definitely. So we do, uh, the course twice a day. Um, and we have

00:22:44.120 a couple of days off in between, but we do that for basically about, uh, two weeks. We do 20 webinars.

00:22:49.160 Uh, they start on June 18th at 10 AM Eastern is the first webinar. And each webinar has a different

00:22:56.120 subject. And, uh, the first half of them are recorded on the main subject, um, there as well. So

00:23:02.600 we do, um, 10 AM and 10 PM Eastern standard time every single day during the course, except for the

00:23:09.400 days off, obviously. And, um, for people in the European time zone, obviously one of those is going

00:23:14.920 to land probably like your three or 4 AM. Um, but we do have guys who basically they've made a good

00:23:20.680 chunk on this. So they take time out of work because they're making more money here than they 1.00

00:23:23.960 are at their, uh, job. Um, and so it is, you know, worth it. Um, but then also if you miss like,

00:23:29.960 let's say half of the webinars, because you're only able to attend one live, um, then they're

00:23:33.800 recorded and you can access those recordings throughout the year. Um, no problem. So it's

00:23:38.520 not like you only have it for three months. You gotta take it all in. You can, uh, we still have

00:23:42.840 the videos up for people, for everybody who's joined our course from forever. Um, they can go back and

00:23:47.960 watch all those old ones as much as they want. And they can also then test our predictions and,

00:23:51.400 um, you know, our knowledge over time. Right. Cause we in crypto it's don't trust verify, right?

00:23:56.920 We want to get people to be self-sovereign and to be able to do this on their own.

00:24:00.680 So we're giving you guys all these tools, um, to become, you know, not dependent on us, but

00:24:05.000 independent. Got it. And, um, my, you know, just to add to that, the thing that I like about the

00:24:11.800 court, like, I don't really like to sit around for three hours watching other people talk, but I do

00:24:18.120 find it a really good use of my time to watch the recording at like one and a half times speed.

00:24:23.400 Cause I can get through it and you know, a third less time than sitting and watching.

00:24:28.280 Um, the Q and a segments go for a while too. Like you guys are always basically taking

00:24:32.280 questions until they dry up. It's not like you're like, okay guys, we got to cut it off.

00:24:35.160 No, it's, you know, it's kind of reasonable that you take as many as you possibly can.

00:24:39.240 Um, for crying out loud, hold on. That's my ringtone.

00:24:47.240 That'll probably get me demonetized. 0.90

00:24:48.600 All right. So what else we got here? Uh, just bought some more super chats here. I missed out.

00:24:57.720 I just bought my Tesla today in Perth, Western Australia. My interest, uh, my interest I earn

00:25:03.720 in Celsius network is buying it. So that's, that's a lot of interest. Um, Celsius network

00:25:09.800 is an interesting one. Like, would you guys consider that defy or what's that considered?

00:25:13.960 Or is it a bank?

00:25:15.080 CeFi is centralized, centralized finance, basically centralized finance. Right. So, um,

00:25:20.920 you can basically park tokens and cryptocurrency there that will earn interest. The rates are,

00:25:27.240 I mean, if you guys aren't familiar, let me just log in real quick and I'll tell you what I got

00:25:30.360 at stake there. Like, I don't, I don't talk about stuff that I don't, you know, I'm one of the few

00:25:35.480 guys out there that actually puts their money where their mouth is. A lot of guys talk up a big storm,

00:25:39.960 but they don't actually, uh, participate or they fling shit, you know, from the sidelines 0.99

00:25:45.400 in the frigging stadium. They don't actually get on the floor and play. I love it. Let me see here. 1.00

00:25:49.560 So we got, uh, ether earning natively, uh, just over 5%. Uh, Polkadot 11.2% if you earn in Celsius

00:25:57.720 chain link 3.77, if you earn in Celsius synthetics network earned 17.78% if you earn in Celsius

00:26:05.240 like coin 5.12. Uh, and that's all I have there, but I tend to spread out my staking. Cause I don't

00:26:11.640 like, um, leaving my crypto in one area because of hacks, because of regulation, because of you can

00:26:18.600 keep going down the list, but I mean, you know, it's the whole, you don't want to keep all your

00:26:21.880 eggs in one basket. So I use defy like Vesper. I use Celsius. I use London. Uh, I use Swiss Borg.

00:26:29.400 Uh, there's probably one or two others that I'm forgetting, you know, plus you've also got your,

00:26:33.400 um, ledger nano, which is basically, you know, where most guys will hold their moon bag, but

00:26:38.520 you kind of spread it out. Right. Um, so Celsius network is what Trevor's making reference to. And

00:26:44.280 it's a good place to park some of your tokens to earn some interest. And it's, it's pretty easy to

00:26:49.720 move them around. I mean, if you want to convert them to something else, you can move them to a main

00:26:53.080 exchange. Um, you can borrow against them. One of the cool things that, uh, started to happen in the last

00:26:58.760 year is you can actually borrow against your cryptocurrency. So if you're like, oh, well,

00:27:02.520 I need some fiat, like I need some us dollars rather than sell it. Um, and potentially have

00:27:07.880 a tax event, depending on where you live. Um, why not just borrow against it at practically free?

00:27:13.400 It's, it's, it's a very, very low interest rate and then you can pay it back and there's no tax

00:27:17.400 event that way. Yeah, exactly. Yeah. Um, 1% interest rate at a 25% LTV. Yeah. Pretty hard to be,

00:27:26.120 you know, banks can't because they're, they're robbing everybody. They'd rather rob people.

00:27:31.640 That's why banks and the government have, uh, have, have difficulty with the existence of

00:27:36.360 Bitcoin and cryptocurrency is because they can't control it. And it, it, it doesn't even compete

00:27:41.800 with fiat currency earning rates. It actually destroys it. So that's why they're trying to,

00:27:46.920 you know, either like they haven't figured out if they're going to go all in on it or if they're,

00:27:51.800 or if they're going to try to take it all down, like they're kind of on the fence with it.

00:27:54.760 It almost seems like they're like trying to poke at it from both angles. And I have a feeling at

00:27:59.080 some point there's going to be a tipping point and they're going to be like, fuck it. Let's just, 1.00

00:28:02.280 we can't beat them. So let's just join them all. In my opinion, they've already gotten,

00:28:06.200 they've already taken the first step down that slippery slope. Yeah. It's inevitable.

00:28:10.440 Uh, digi bite. I, I don't know anything about digi bite. It seems to have been getting quite

00:28:15.560 popular recently. Love your vids, the book. Thank you for unplugging men. So what's the deal with

00:28:19.240 digi bite? What is that? It's, it's basically, so, so it's a coin that came out that came out last

00:28:25.480 cycle, last cycle and stuff. It's a community driven coin. So it's sort of like, like, imagine

00:28:30.840 sort of like a light coin community where it's, you know, fully decentralized. It's grassroots.

00:28:35.960 There's no big corporate money in it. It was started, it was started by this guy called Jared,

00:28:39.720 I think Jared Tate. And he started it from a garage in, I think, um, I think Minnesota actually,

00:28:50.360 or something like that, or, um, or, uh, yeah, he started somewhere out, somewhere out there in

00:28:53.800 the Midwest. He started it from a garage and stuff. The guy, it's a really cool coin. They're

00:28:57.720 essentially trying to be, there's sort of a fusion between sort of a light coin to an Ethereum,

00:29:02.200 essentially, where they can have all the, they have all these products where, uh, you can, you know,

00:29:06.600 have IDs, NFTs, and all this stuff, all this stuff would be still being created right now,

00:29:11.960 um, and exchanges and stuff like that. It's its own cryptocurrency, or that you can buy and sell

00:29:16.360 Digibyte for, for products. And, and they're just trying to be essentially a place where you can just,

00:29:21.960 you know, commerce and everything pretty grassroots. It's actually been doing pretty well now.

00:29:26.680 Um, it's very hard. It's a coin that I can tell you that will survive this bear market.

00:29:32.120 Um, coins that have communities are, are very, very hard to kill.

00:29:36.440 So this is a community that's been around for a whole cycle. It's, it's gotten something called

00:29:40.200 the Lindy effect, which is basically the longer something survives, the more it will probably

00:29:43.960 will survive or more, and people trust it. So Digibyte is just rolling stuff out, but because

00:29:50.120 it is completely grassroots, it takes a longer time for them to come up with the products because

00:29:55.240 they don't have the big central source of banking because you know, it was started completely with no

00:29:59.960 money and now it's starting to get some steam now. Got it. Did you want to add anything to that,

00:30:04.600 Charlie? Yeah, I'd say that's perfect. Uh, the other thing I might add to that is

00:30:09.400 like in terms of how fast it will grow in terms of price appreciation, it probably,

00:30:13.320 I mean, if you look at his chart, it probably won't grow in terms against Bitcoin, like insanely

00:30:18.360 a lot. So I would say Ethereum is a better bet, um, long-term, but, um, you know, all the points

00:30:24.200 about Digibyte is that it is a good positive token. Uh, so it's good to have it in the space,

00:30:28.680 even though, you know, it might not be your, your best horse in the race. Okay. Um, North South says,

00:30:36.200 what do you guys think of pirate chain more private than Monero? I'm not sure if that's

00:30:40.520 a question or a statement. So what is pirate chain? They have a token called R. So do you want to buy

00:30:47.160 a token called R? It's literally a with like six or seven Rs. Would you buy that rich? I don't know.

00:30:54.040 There's people buying Dogecoin because they think Elon Musk is God. Yeah. So actually it was

00:30:59.880 interesting. We had some of the pirate chain team watching the Tokyo crypto show back in 2019 when

00:31:04.920 crypto wasn't very popular. Yeah. And, um, we, we mentioned it, right. And they started fighting

00:31:11.160 against us on Twitter, me, John from modern life dating. Right. And we said, come on the show.

00:31:15.240 We're happy to talk to you. They didn't. And we were nothing. We were nobody on YouTube at the time.

00:31:19.640 Right. We just had a few, few followers, but my thoughts on it is Monero is probably one of the

00:31:25.880 most well-built cryptocurrencies in the space, especially for its use case, which is privacy.

00:31:30.520 So don't really need to use anything else. Um, in terms of privacy, if you want to use privacy

00:31:35.560 with Bitcoin, you can look up wasabi wallet, uh, which is a solid one as well. But Monero, yeah,

00:31:42.040 I would say is better hands down. Um, also like, uh, Miguel mentioned with the Lindy effect

00:31:47.640 has more network effect and has already been tested. Um, you know, in battle many,

00:31:52.120 many times against the feds, against everybody. So, um, it works.

00:31:56.200 Eric Shane is ranked 213 are exactly. Well, that's, that's like one thing that's always frustrated me.

00:32:08.040 And I know that a lot of guys on the outside that are, that are either critical of, uh, cryptocurrency,

00:32:13.880 defy and the blockchain, you know, they, you know, they tend to point and sputter at, you know,

00:32:18.600 oh, there's like 9,000, there's 10,000. There's currently 10,389, uh, cryptos listed on coin market

00:32:25.560 cap and 99.98% of them are all bullshit, you know, to be honest with you. Um, but I mean like, 0.89

00:32:32.280 you're going to get that. You're always going to have guys that are, that are, you know, the get,

00:32:36.040 get rich quick, quick, don't do the work. Here's a cheat codes to life, you know, fast and simple. Um,

00:32:42.520 one of the things that I learned early on with the last, uh, cycle, and we talked about this 0.98

00:32:47.080 briefly one time on one of your webinars was, was verge, you know, XVG and not buying stupid 0.99

00:32:52.680 shit that guys like John McAfee try to pump up. Cause it's like, it's, it's going to go to the 0.99

00:32:56.360 moon. And if it doesn't, I'm going to eat my Johnson seems legit. I should buy what he's saying.

00:33:03.880 And then he got caught for doing that. Right. And now he's, he's locked up for that. And I think

00:33:08.600 that's kind of convenient because you know, there's still guys in like a Facebook group,

00:33:13.560 you know, like masturbating to XVG thinking it's still going to go to the moon. Right. Like

00:33:18.360 I actually stayed in that group for a while just to kind of laugh at them, but I was like, whatever,

00:33:21.560 I got rid of all my positions and I was like, you know, take it as a loss and move on. Um,

00:33:26.920 what else do, um, what else has been changing, you know, since we talked last in the last quarter?

00:33:32.040 Hmm. That's a good question. Go ahead. So pretty much what's going on right now is we're having,

00:33:39.320 we've just started the Kusama parachain auctions. Keep talking. I'll be right back.

00:33:45.080 Okay. So we just have the Kusama parachain auctions just start, which is Karua, which is basically,

00:33:50.840 um, if, if you know anything about cryptocurrencies, it's almost like sort of a fusion of like,

00:33:55.080 they're basically their Aave mix. Like it's basically their Aave mixing with the Celsius 0.83

00:34:00.840 in a way. So, uh, it's going to be a DEX, um, a way you can borrow and lend on there as well as

00:34:06.520 also like a launch pad for other projects that are trying to get money to actually, uh,

00:34:11.880 eventually one time they maybe have a parachain slot on Kusama. So what, what this means is you're

00:34:17.480 having a bunch of these big, big macro events. Another reason why me and Charlie were still so

00:34:21.400 bullish and we knew this wasn't over. You just had too much good news, 0.99

00:34:24.840 too much good stuff, right? So if you were able to kind of play these,

00:34:28.280 this is why we've been telling people, you know, get into Kusama, get into DOT. DOT was

00:34:31.800 three to $5 when we were telling people. Kusama $7 when we were telling people last year. It is $500

00:34:39.320 today. I know. And it's still going up. Still going up. And if the supply, the supply is getting

00:34:45.240 just completely eviscerated, right? Right now, I think over 150,000 Kusama tokens have been staked

00:34:51.160 that won't be unlocked for another six months to a year from now. That's a tremendous amount of

00:34:58.120 supply. That's not going to enter the market. Um, so the way, so the way this, the way these

00:35:03.880 parachain auctions work. So most times when you do an, when you do an IPO and ICO,

00:35:07.960 IDO, whatever these names for all these different ways to basically, you know, buy, buy an initial

00:35:13.960 coin offering, um, you typically, you know, you take your dollar or your Bitcoin, you give it to

00:35:19.400 the person, third party, and they give you a token or a stock and that's it. Well, in this one, what

00:35:25.080 you do, it's, it's almost a proof of ownership basically is what it is. So when you own a Kusama,

00:35:30.120 you stake it. So I will take my one token and stake it for a year. Okay, Miguel, here's 10 tokens.

00:35:35.640 In a year, you will get back your Kusama. You will get back your coin. So it's a cool way. It's a cool

00:35:41.240 way where you're able to then, where is it that you stake that? Yeah. You stake it. You're earning

00:35:45.800 no interest, but I'm sorry. Where? Oh, you can do this on the fearless wallet. Okay. The fearless

00:35:53.400 wallet has a, has an app, an iOS and stuff. You can put it on an iPhone or an Android. It's a DeFi

00:35:58.360 project. It's yeah. It's a DeFi project, fully DeFi project. Yeah. It's a, it was created by

00:36:04.120 Gavin woods, Gavin woods. It was the, uh, essentially the person who created the,

00:36:09.160 the coding language for Ethereum, which is solidity. So this guy is legit as legit as you

00:36:14.680 can get in terms of, of like coding and cryptocurrency. So this is, this is an alumni.

00:36:18.920 I mean, the, another alumni of Ethereum is Charles Hopkinson, which is one of the co-founders of

00:36:23.320 Ethereum as well. So like some of the top projects in the space all come from Ethereum. So this is that

00:36:27.320 whole thing about betting and watching out for like these jockeys or these really good leaders

00:36:32.520 and stuff. So Gavin woods has been working on this for a long time. So in terms of the game theory and

00:36:37.080 all the stuff he's done for polka dot and Kusama, this is really innovative. Like no one's ever done

00:36:42.280 any kind of rollout like this. So this is another thing we've been talking for a while now and now

00:36:45.480 that's coming to fruition and there's a lot of money to be made. So that's one of the big places we're

00:36:50.680 doing is the, just like we talked about the Ethereum to Bitcoin ratio, we're talking about

00:36:54.920 the Kusama to dot ratio now. So there, and that is like a two pronged sort of thing where Kusama is

00:37:01.320 going to actually game against dot because it's parachain auctions are happening. And you'll be able

00:37:06.920 at some point, even now actually to jump your Kusama over to polka dot for a very good rate.

00:37:13.560 And then watch this later this year, this is probably more closer to fourth, fourth quarter,

00:37:17.640 the first quarter of next year is you're going to have the parachain auctions for polka dot.

00:37:22.680 And what does that mean there? That means price appreciation and a ton of supply getting locked

00:37:26.200 up for polka dot. So it's this thing where you can get a huge price appreciation on Kusama,

00:37:30.920 jump that over to polka dot and then ride that other wave up as well.

00:37:34.600 And you guys explain all the mechanics on how to do that with the Cultivate crypto course.

00:37:39.000 Exactly. And just doing that one time for me, but got very, very close to doubling my dot bag

00:37:46.040 just by doing that ratio move one time. And that's huge. So if you can compound your cryptocurrency

00:37:53.880 or a.k.a. cultivate your crypto, if you can do that, then basically you're going to win long term

00:37:59.720 because especially the more coins you can compound and build in a bull market, then it takes a lot less

00:38:07.640 for the price to move up for you to not only be in the green but be in massive profit.

00:38:12.040 What about the XRP token, the Ripple token? There's always somebody whenever we do these shows

00:38:19.160 that wants to ask about XRP.

00:38:21.000 Sure. Good marketing, huh?

00:38:22.600 Give them the word on the street, boys.

00:38:26.040 So, okay, the word on the street is this. So they're pretty much getting sued by the SEC

00:38:30.600 right now for basically doing an illegal coin offering or IPO essentially, like a security offering

00:38:38.040 under the table. So here's the bet with that. If they win, they're going to be relisted in a bunch

00:38:45.080 of exchanges and price go up. They lose that, the price is going to crater for a while. I don't think

00:38:51.160 the project will die. So you're basically kind of taking sort of a gamble. Are they going to win the lawsuit?

00:38:57.160 It looks like to me that they're probably going to win it, but it's going to be delayed for a while

00:39:01.800 before they win it. So they're going to drag their feet on this. So this might be a sort of an event

00:39:05.400 where like the SEC might like drag us out in court for a couple of years.

00:39:09.080 Yeah. And they did that with Tether as well. And Tether didn't die. The one thing with Ripple that might

00:39:13.800 be interesting, I think is down the road when the central bank digital currencies come out,

00:39:18.920 right, which we have different governments coming out. Even Elizabeth Warren alluded to in her, 0.64

00:39:23.480 when she was basically trying to tear down Bitcoin this week, she mentioned, you know,

00:39:28.120 oh, this idea of central bank digital currencies will be big. There's way more green than Bitcoin,

00:39:33.480 all that BS. They're already starting to thread that narrative in there. But when that comes out,

00:39:38.840 Ripple has a pretty good, I guess, backing here in Japan and also through parts of Asia. So it is

00:39:45.480 possible that if it, I mean, it's basically right now, Ripple is just pure marketing. It doesn't really

00:39:52.200 have too much of a use case. But if they do happen to get like deals with different banks

00:39:58.200 and help move central bank digital currencies across different parts of, let's say, Asia,

00:40:02.280 maybe is a place that they start maybe in five years, then it could do pretty well. And the price

00:40:07.160 will appreciate. But I kind of use Ripple as my kind of smoke signal to once it starts appreciating

00:40:12.200 kind of heavily in price, start looking to take profits.

00:40:15.000 Right. Yeah, that makes sense. I was going to ask you guys about Cardano,

00:40:19.080 so I'm glad somebody else brought it up. I think in the past, you've both been

00:40:23.560 bearish more on Cardano than bullish. Has that changed?

00:40:28.840 The price is bullish. It's one of the big, in terms of the top 20 or 30 coins in crypto,

00:40:33.160 it's one of the better price appreciation coins. Right.

00:40:36.120 But in terms of its fundamentals, so on the charts, it looks great. Yeah. On the charts,

00:40:40.760 it looks great. On the fundamentals, do they have anything that they've actually done with the project?

00:40:44.920 There's a lot of chatter. One of the reasons why I've picked up more Cardano since the drop,

00:40:51.640 like I probably picked it up about 15% lower than what it's at right now. It's at like $1.55.

00:40:57.560 There's a lot of chatter out there right now about big things happening. There's a lot of guys on

00:41:02.200 YouTube that have a large following that are also broadcasting the same narrative. You want to grab

00:41:06.680 some of this. It's got huge. It could destroy Ethereum, blah, blah, blah. Personally, I don't care if

00:41:11.160 Ethereum wins or if Cardano wins. I've got both. But I threw some Cardano in the bag because

00:41:17.720 Rich likes money, right? Yeah. So why not?

00:41:19.880 Exactly. And he definitely has a solid founder.

00:41:22.840 Yeah.

00:41:23.640 Yeah. It seems like Hoskins seems to know what he's doing. I don't get any vibes off him like he's

00:41:30.760 offside with anything that they're talking about and the projects and what they're launching. What do you

00:41:34.280 think? Yeah, I think he's a bug board guy. Yeah. Do you guys have any ADA?

00:41:41.160 I bought it at $0.12 and because it was so low compared to where the price is now, just holding

00:41:45.640 it. Okay. What about you? I used to have a lot of it. You got rid of it though? You got it?

00:41:51.880 Oh yeah. Early on, I bought it. I bought, oh, I'll say it anyway. I bought it at like $2.9.

00:41:57.960 I bought a lot of it and then I sold it off on a run up into another coin, which was partly into

00:42:05.240 Celsius. So it worked out. It was fine. Yeah. And at the end of the day, I like the illustration.

00:42:11.720 I think it was Miguel, you use kind of like the teeter-totter, how to make money in the crypto

00:42:17.720 market. It's like, you're kind of in one and it goes up and you shift it over another coin. It's

00:42:21.640 like the whole market kind of like teeter-totters up. And that's the advantage of having so many

00:42:29.000 tokens. I mean, it's also a huge disadvantage too, because it spreads fiat currency out over

00:42:37.400 a bunch of kind of crap out there, where it doesn't really have any business being there

00:42:42.360 sort of thing. I mean, I always tell like the newer guys when they're coming into this is like, 0.97

00:42:48.520 stay in the top 10 to 20 coins, stay away from stable coins, stay away from anything that's

00:42:53.960 centralized like XRP and look for opportunities to put money into stuff that looks like a project

00:43:00.520 that you can get behind, you know, on a longer term basis. And especially if it's got some upside,

00:43:04.520 like it's on a run up. That's kind of like 101 to this sort of thing, right?

00:43:11.720 That's why we were pushing Celsius so hard on the guys and stuff too, because it was one of the

00:43:15.640 that it was one, a lot of people, uh, it wasn't, you guys were pushing Celsius when it was under

00:43:19.400 a buck, wasn't it? Oh yeah. 37 cents. 37 cents. Yeah. It's about almost $8 right now.

00:43:27.640 Seven bucks right now. It was up to $8 just the other day. Yeah. It held up during the crash.

00:43:34.760 Really? It didn't go down at all. Yeah. It actually went up on, on, there were several days

00:43:39.400 on my watch list where Celsius was the only green one on the watch list and everything else was red.

00:43:43.480 So we have a whole webinar just on Celsius and we got some, uh, well, uh, we got a special,

00:43:49.560 we got a special guest. Let's just say that. Yeah. Yeah. Yeah. And I mean, like you guys

00:43:52.920 converted me cause I was, cause I was not on board with the whole Celsius project at first, but after

00:43:58.600 watching the webinars and talking to a bunch of other people, I definitely piled into, I mean,

00:44:02.120 it wasn't at the 37 cent mark, but I got in very early too. Um, what about V chain? What are your thoughts on

00:44:07.960 that? Um, yeah, I don't know. It's one of these ones that I don't like that much, to be honest.

00:44:15.960 Uh, one of the reasons why is because we just purely on its chart. And if you're looking to make

00:44:21.320 money, it goes up against the dollar. Yes. But the dollar is, you know, being printed so crazily

00:44:26.200 right now, the value of the dollar is going down a lot faster and, you know, we're getting inflation,

00:44:30.120 uh, hidden inflation, whether we like it or not. But, uh, so the chart is going to look good against the

00:44:35.160 dollar against a lot of these cryptocurrencies. So what I really like to do is look at it against

00:44:39.080 Bitcoin. Is it gaining against Bitcoin? Sometimes it is, but majority of the time it's not. So

00:44:44.680 if, and Bitcoin's kind of like the, if we're going to use like generational terms, boomer money of

00:44:50.280 crypto, like gold of crypto. Right. So, I mean, uh, it's the slower moving asset compared to something

00:44:56.120 like Ethereum. So, um, if you can't beat that, then I think, you know, uh, not worth buying.

00:45:03.320 All right. Got it. Uh, we got one here from, uh, Adam asking about Celsius. Can you explain how to

00:45:10.520 get my coins to Celsius? You guys break this down in great depth in the course. Again,

00:45:15.560 the course is linked in it linked in the description. It is worth its weight in gold,

00:45:19.480 but, um, you know, give them the basics on how to get into Celsius.

00:45:23.000 Sure. So you either, you, the, probably the best way to start is download the Celsius app on your phone.

00:45:29.000 Um, it originally started on, on, uh, mobile. So there's a great mobile, uh, it's one of the

00:45:36.040 best apps probably in cryptocurrencies and stuff in terms of how much money they put into that mobile

00:45:39.640 app. Uh, they also have a website as well now. So you, there's actually a desktop version that just

00:45:43.720 came out like a month ago. So now for all those desktop only guys, there's the desktop app from

00:45:48.440 there, depending on your jurisdiction, you can directly buy cryptocurrencies. If you're outside

00:45:52.120 of the United States on the Celsius app, if you're in the Celsius, if you're in the United States,

00:45:56.360 you might have to buy on Coinbase first. And then when you go into the app, there's something that

00:46:01.080 you go under the exact, so let's say Bitcoin is an example. You go into where Bitcoin is in the app,

00:46:07.000 you put copy and paste on the, on the, um, address that, that Celsius gives you for Bitcoin.

00:46:13.880 And then what you do is you send Bitcoin from Coinbase to that address. So you're sending Bitcoin

00:46:19.480 to Bitcoin, Ethereum to Ethereum, Celsius to Celsius. You never send any other cryptocurrency,

00:46:25.000 like Ethereum to the Bitcoin address, because you'll lose it. You have to be very methodical

00:46:29.400 on that sort of thing because you have full control of your money. Now you're your own bank.

00:46:33.720 And then when, what you're doing is you're giving custody over to Celsius. And what Celsius is doing

00:46:38.360 is that they're, they're taking that Bitcoin, loaning it out and then giving you a return for that.

00:46:42.520 Yeah. Yeah. All right. And, um, again, I mean, like you guys always have a dedicated webinar on the

00:46:48.840 mechanics behind Celsius, why it's got a bright future and where to get it, how to get it in

00:46:54.040 simpler terms. Um, got one here from the Celsius one taken care of. Come on, you're holding dodge. 1.00

00:47:02.840 I love the cell tokens. It's holding well. Um, are you guys holding dodge?

00:47:06.440 No, no, I, to be honest, the, the best play of the year, which would have been absolutely hilarious

00:47:12.760 is on April fool's day, just buy 400, you know, buy 69,000 of these tokens and then sell them on 420

00:47:18.920 when they went 10 X from 4 cents to 40 cents. Like that was the play. It was all a meme, you know?

00:47:23.160 So what's the point? It's just, I mean, if you can make money off a meme, you know,

00:47:27.960 have a go at it, but don't be one of the, like, I remember when, um, the market kind of collapsed

00:47:34.360 and Elon Musk, you know, with this whole dodge thing, it's like, I saw people in at comments towards him

00:47:40.920 in Twitter, like, oh, I lost the farm to this. You're an asshole, Elon. I can't believe you told 1.00

00:47:46.040 me to buy dodge. And it's like, you don't like, like do these things from an educated angle,

00:47:53.160 not just because some nerd says go and buy something or he likes it or he tweets about

00:47:58.360 it or puts it in his profile. Um, stop, I stop simping for entrepreneurs. Okay. Basically is what

00:48:04.840 I'm trying to say here. Stop. I always tell you guys, stop simping for women. Stop simping for 1.00

00:48:09.880 these, you know, icon entrepreneurs like Elon Musk, like stop worship him, 1.00

00:48:14.200 worshiping their crap. Smarten up guys. Um, let's see here. We have a little bit of time left. Um, 0.99

00:48:22.840 actually we should probably start wrapping up cause we're coming up on an hour. I know you guys have a

00:48:25.800 bunch of other stuff to do and Charlie's in Japan, so you got to get some Z's too. So I want to be 0.61

00:48:30.200 respectful of your time. Um, uh, I don't really have anything else I wanted to throw at you guys.

00:48:34.920 We covered pretty much everything that guys in the super chats dropped. Um, I'm already super

00:48:39.640 familiar with a lot of the tokens. I've been, I've been stacking my bags too. Like the last

00:48:44.200 month and change, I was just like shits on sale. Just keep buying. Buy, buy, buy, buy, buy. I've had 0.99

00:48:48.840 a lot of people texting me and messaging me and like, I'm scared. What do I do? You know, what are

00:48:53.880 your, what do your icons say, rich? You know, what are they telling you? I'm like, look, if you don't

00:48:57.560 have the backbone for this, then just sell it all, go sell it all, buy some XRP, get some dodge and

00:49:02.840 hang out with the other nerds and have fun being poor. If that's really what you want to do this,

00:49:07.080 this for me is a longer term play. I'm, I'm going to accumulate at some point. I'm going to move

00:49:12.200 myself out of Canada to a place where I'm not going to pay taxes on my accumulation. If I need

00:49:17.800 to borrow against it to access fiat currency, I can certainly do that at any given time and not pay

00:49:22.680 taxes. Uh, this has a very, very bright future. Um, the cost of the course is under 800 bucks is

00:49:28.280 like 797 or something like that guys. Correct. Correct. So, um, if, if you want to enroll in the course,

00:49:34.760 again, I've, I've dropped it in the live chat. It closes on June, uh, June the 14th at midnight.

00:49:41.240 I've seen the material at least twice. Now it's top shelf. Again, it's worth its weight in gold.

00:49:45.560 If you've been sitting on the fence and wondering how to get in, what to do, when to get in, I'm

00:49:50.600 telling you right now, one, this is how you get in. This is how you learn everything that you need

00:49:54.440 to learn in a nice organized fashion. I always always tell guys, be willing to pay for well-organized

00:50:00.440 material. Sure. You can go out there and watch months of videos on YouTube and try to, you know,

00:50:07.080 hash through all the shit that's out there and figure out what's useful. These guys have already 0.53

00:50:11.960 organized it for you. It's behind the paywall for a reason. It's nicely organized. It's limited to the

00:50:16.360 people that want to access it, get in, buy it, learn what you need to know and buy in at a discount

00:50:22.840 right now. Because a few months ago, Bitcoin was like 60 grand. We're around 37,000. It's probably

00:50:28.840 going to bounce around the thirties for a little bit. Like these guys, you know, I've been telling

00:50:32.040 you, this is the time to get in. Do you guys want to add anything else to that?

00:50:35.800 If you don't believe us, go onto the WooBull charts on a Willy Woo's website and look at the

00:50:42.040 NVT ratio for anybody who's like into really into like kind of doing their own research. That's a

00:50:47.480 little bit of homework there that somebody can do if they're a little doubtful of what's happening.

00:50:50.520 Yeah. It gives really good areas for accumulation and selling. And we're in an accumulation area right now.

00:50:55.240 Yeah. And in the course, like you guys cover how to read charts, uh, you know,

00:50:59.960 how to pay attention to reserve risk, the Bollinger bands, it's, it's all fully covered there. I mean,

00:51:05.160 like it would literally take two weeks to go through all the material, which is why you have it in a

00:51:09.400 specific course, which by the way, keeps getting better quarter after quarter because they're learning

00:51:14.760 more, they're adapting, they're modifying it and presenting the best material. Um, give me,

00:51:20.520 give me your individual price predictions, gentlemen, for Bitcoin by the end of 2021,

00:51:26.600 before we go.

00:51:28.520 By the end of 2021, I've been shooting for a hundred thousand. So I'll keep that. I just,

00:51:32.600 you know, it's an easy round number that we're going to go towards. Uh, and I think that's very,

00:51:36.360 very likely within this year, if that happens, you know, Ethereum, uh, could hit the eight to 12,000

00:51:43.800 range within that time as well.

00:51:45.240 Yeah. I'd have to say the same thing in terms of, in terms of price on Bitcoin. Obviously I'm a

00:51:50.120 little, I'm always, uh, I'm a bit of a hopium bull, right. But, uh, that's kind of in line.

00:51:56.040 I've always, we've been, we've been saying 120, a hundred, you know, six figures, we're going to

00:51:59.640 touch six figures. It's just that there's going to be some volatility on the way up. So you, you could

00:52:04.120 get something where Ethereum passes Bitcoin first and then Bitcoin just rages after and pumps

00:52:09.720 up after, and then Ethereum goes down. That, that is kind of what I'm speculating. And, uh,

00:52:15.080 we're going to sort of give people sort of, uh, points where there might be corrections.

00:52:18.760 There's going to be a correction sometime, probably in late third quarter that we're

00:52:22.360 going to warn people about. Um, and it's going to be a little more U S based and stuff. So we're 0.67

00:52:26.600 going to go into a lot of stuff and what to look out for. And then there's going to be another

00:52:29.400 buying opportunity later this year as well. And then, um, probably end the year pretty positively

00:52:33.480 in December price targets. Miguel don't shy away from the question.

00:52:36.520 And, um, uh, specifically in the course, as far as the material. So it's two weeks of webinars.

00:52:43.160 I think you have a discord still. Um, we'll, we're changing to telegram this time around.

00:52:48.040 It was easier for people to use. So we're sticking with, with a telegram. We may add

00:52:51.640 discord if there's a lot of people asking for it. Um, but yeah, telegram was a lot easier for

00:52:55.880 people. So we'll stick with that. All right. So very habit guys course closes, um, in a few days,

00:53:01.480 links there. If you want to get in, get in. If you don't want to sit on the sidelines, sit on the

00:53:04.920 sidelines. I have a few words for you. Have fun being poor just because you're, because you're going to

00:53:10.040 miss out on a big opportunity to make some serious bank. I know I've been throwing at it. These guys

00:53:14.760 have, we put our money where our mouths at. So follow along or just sit on the sidelines and watch.

00:53:19.400 It's entirely up to you. Thanks guys. Appreciate you, um, hopping on. Wish you all the luck, um,

00:53:24.200 with this and we'll talk again, probably in another quarter, right? Sounds good.

00:53:28.920 All right, guys. Peace out.

Playing to Win - March 02, 2022

037 - Crypto Predictions For The Rest of 2021

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