Playing to Win - 045 - Fall 2021 Crypto Markets Updates

00:00:00.000 all right guys what's up we're live playing to win episode number 45 talking about uh the fall

00:00:09.380 cryptocurrency market uh we're joined today with charlie from cultivate crypto hey and charlie

00:00:15.360 is on route they're the busy guys today they've just um launched their course and um they kind

00:00:21.620 of do a tour i heard you're talking to robert kiyosaki later today uh the author of rich dad

00:00:25.800 poor dad that was news to me too today actually um i i was talking with rollo and it's like hey

00:00:31.420 you know you want to do a show about crypto and stuff because we had a pretty good one i think it

00:00:35.220 was um back in i forget which month but it was like maybe spring of this year maybe around march

00:00:40.060 and had a really good show with him about crypto he asked a lot of good questions and um just said

00:00:44.820 hey you want to do another he said sure and then like this morning he was like hey it was my morning

00:00:49.440 i guess here is this evening but he was just like hey robert kiyosaki is willing to come on is that

00:00:53.460 okay i was like he didn't say is that okay of course he's just like he's like yeah i won't say

00:00:58.440 what he said but if you want to get red pilled on money i mean start with rich pet rich dad poor dad

00:01:03.480 it really deals with the fundamentals of creating like proper wealth um you guys kind of deal with

00:01:09.520 the fundamentals of of creating you know proper wealth outside of the rich dad for poor dad ecosystem

00:01:15.140 because i mean you guys deal with the crypto markets and i was actually watching um you know the

00:01:19.900 stream you did prior and you were talking about your um uh batman origin story what's up miguel

00:01:24.160 hey what's going on man how you doing bro so uh welcome welcome um yeah we're just shooting the

00:01:29.440 shit about robert kiyosaki um you know chiming in on the crypto market i know he's been a advocate for

00:01:34.360 it for at least a year i think i've seen him commented on videos or is he newer than that it was maybe a

00:01:40.420 year year and a half he said basically since that big uh crash um you know in march of uh last year

00:01:46.840 as far as i've seen and he was talking with robert breadlove um who's a pretty big proponent of

00:01:52.900 bitcoin um here in the crypto space um very intelligent guy um good good points on why

00:01:59.100 bitcoin is useful but you know the thing that we do in our course right is like like another level

00:02:05.080 basically because we you know um we don't only talk about bitcoin right i think there's a lot of

00:02:10.400 people out there who only look at bitcoin because it is probably the most decentralized cryptocurrency

00:02:15.480 and also the one that when you hold it when you hold the private keys to bitcoin you actually own

00:02:20.700 it um it is one of the ones that is the hardest for the for people like on wall street to manipulate

00:02:26.820 and all that type of stuff so it is one of the best censorship resistant cryptocurrencies and it is

00:02:31.700 the first one with the most network effect so that is where everybody starts and i think that's where

00:02:36.080 you know people like robert and um uh you know other people uh have started but it's it's just the

00:02:42.040 beginning of of the crypto journey so i'm really interested in kind of uh talking with him a little

00:02:46.040 bit uh deeper as well and and you know try to educate him and learn something from him too because

00:02:50.560 in my beginning of my sales career um here in tokyo when me and john were doing recruitment here in

00:02:56.300 tokyo it's a pretty hard sales job and uh we read a lot of rich dad poor dad i've even played his

00:03:02.100 board game i think it's called rat race um back in the day and so you know i think there's a lot

00:03:08.380 we can learn from him as well about you know how markets work how wall street's looking to

00:03:12.360 um you know try to uh get into this market how they're looking try to run this market if they

00:03:16.920 can manipulate it or not and so it's going to be a very interesting conversation but um yeah and and

00:03:21.660 we always have a good time here on your channel as well rich you always ask like awesome questions

00:03:25.020 about crypto um we've taught you a little bit about vesper and and some of the crazy yield that you

00:03:29.860 can get in crypto so that's you know one of miguel's strong suits that we talked a little bit

00:03:34.160 about john on john's channel just a little bit ago but um the crazy yields you can get here in

00:03:38.560 crypto literally you know hundreds of percent per year yeah if you guys aren't familiar with with

00:03:44.520 like the yield rates that you can get in decentralized finance which is which is the beauty of it because

00:03:49.080 it's not controlled by any central bank or any financial institution i mean um on the low end i'm

00:03:54.800 pro like on the low end i'm probably averaging like 10 to 12 percent on certain tokens and on the high

00:03:59.760 end i mean i've seen three figures and in some cases for short stints for like a few days

00:04:05.120 four five figures sometimes you know it's like it's only for very very short stints but i mean

00:04:11.760 your your roi on funds held on the blockchain is way higher than what you'll ever see in the bank i mean

00:04:19.140 i haven't kept any cash in a in like an interest savings account for at least a year year and a half

00:04:26.640 now you know since i discovered defy and you know like all these staking platforms i mean i think the

00:04:31.940 best i ever got was on this one platform in in canada called called tangerine and there was another

00:04:36.820 one called eq bank which would pay anywhere you know they do like a promotional introductory rate

00:04:41.380 around two percent i was like oh my god that's amazing like that's such that's so much better than

00:04:45.920 half a percent but then you know but then you realize i mean like even with like a usdc coin which

00:04:50.940 is a stable coin you can plop that on any site and get like 9.1 percent right and it's pinned to

00:04:57.960 the us dollar so it's not going to go anywhere i mean it's always going to stay stable with us

00:05:01.720 dollar but you're going to at least make money on on it sitting on that that's just a basic coin that's

00:05:05.920 like not even the tip of the iceberg it's like a penguin hair on the top of the iceberg sort of

00:05:10.500 thing yeah we get started with that yeah i always tell people like if you're just going to hold cash

00:05:14.100 why hold it in a bank don't hold it in your house like or whatever you're going to do with it

00:05:18.100 right put it into a stable coin like usdc or usdt you know earn some yield on it if you do earn like

00:05:23.940 like eight nine ten percent on it um i mean the real rate of actual inflation that's happening

00:05:29.540 these days is is more than what they're telling you right yeah it's destroying your cash savings for

00:05:33.980 sure exactly and so even by earning that type of yield or interest per year on your cash that let's

00:05:40.460 say that you put cash in there that you're not going to use for at least six months right um so have

00:05:44.620 it in there long enough to earn a good percentage on it um you know uh you're basically just barely

00:05:50.580 treading water at that point um in terms of the rates of what real inflation is guesstimated uh to

00:05:56.700 be and i know that's not particularly a fancy word um but you know what i mean um it's just one of

00:06:01.540 those things where um yeah uh you barely even you know break even over time you're not going to make

00:06:07.420 generational wealth um by earning interest on dollars but at least you're you know keeping the

00:06:12.580 inflation bug off your back a little bit so how um how stable and secure is is a stable coin like

00:06:19.540 usdc you know for example compared to the us dollar pretty stable yeah miguel you want to tell them a

00:06:26.360 little bit about the history behind usdc and jp morgan and coinbase a little bit sure so yeah so

00:06:32.220 that's on a little bit yeah so so usdc is i would say the most it's the premier stable coin now the

00:06:38.520 original stable coin was uh you know it was tether basically usdt and uh the first actual real

00:06:44.960 competitor to it was usdc which is coinbase's dollar coin effectively and they're banked by jp

00:06:52.440 morgan so the funds that are held in usdc are actually held at jp morgan as well which is and if

00:06:58.240 you know right jp morgan's one of the uh founders as well as you know one of the board members of the

00:07:03.380 federal reserve as well so it's it's pretty long here's here's the thing with like usdc usdc is

00:07:10.040 actually going to because they're so trying to it's sort of like like you're just i mean it's like

00:07:14.400 you're just dating a girl everyone i mean everyone's in their best behavior that's kind of what's going

00:07:18.580 on right now with usdc is they're not they're going to be the best stable coin

00:07:23.260 ringtone man right right but uh yeah usdc is going to be completely safe until i would say

00:07:37.080 it's it's up until maybe somewhere in the middle of the next cycle we'll have to see because i think

00:07:41.420 they don't get your croning until then um but usdc has full admin control rights on the money so they

00:07:48.060 could free your money anywhere in the world if you became like some target right okay so it is

00:07:53.740 centralized or you say something on youtube that maybe they don't like okay i mean literally it can

00:08:00.680 get to a pretty crazy extent i mean china is coming out with their central bank digital currency why is

00:08:05.200 china coming out with a central bank digital currency why are they doing it first because they want to

00:08:08.600 control the money within their borders and that's how they can have ultimate control right and so

00:08:12.440 these governments right um they want to be able to monitor your financial uh life and there's a lot

00:08:18.820 of people are like our money is already digital why do we need a central bank digital currency

00:08:22.180 we don't um but anything that gives them more control they're going to try makes sense um yeah so

00:08:29.480 let's let's hop into some updates with the fall because i mean we saw a pretty good market pullback

00:08:34.000 and correction in the summertime last time we when did we talk last was it may or june june yeah yeah so

00:08:39.900 that was right around the time that you know um we had elon musk make his tweet and piss off a bunch

00:08:44.820 of people and there was some other catalysts that made the entire market correct and we saw a 28

00:08:48.520 000 and change bitcoin all the altcoins pulled back and all the smart guys in your course you know

00:08:55.460 myself included made a whole bunch of money scooping up the right one so what happened and where are

00:09:00.460 things going and by the way guys um their course is open again i'm going to drop the link in the

00:09:06.120 youtube chat uh let me just pin it up to the top and it's also going to be in the description

00:09:11.400 actually wait before you ask that question i have another question for you one of the things that

00:09:14.760 drives me bonkers on youtube is whenever we do a collab i feel like i'm playing whack-a-mole for

00:09:19.400 like the next 24 hours deleting like these fake spam comments from guys with like whatsapp links hey

00:09:24.200 it's rich cooper or they use like a version of like my channel name and they try to drive people off to

00:09:30.440 like scams and stuff how do you get rid of that you can't so this is me on my channel every day

00:09:35.940 i spend about 15 minutes a day cleaning up my youtube um comment section which is you first thing

00:09:41.980 you can do is you can press report to youtube right and then you do that just pop up another account

00:09:46.900 then they'll pop up another account so i've gotten like they make cultivate crypto and then they have

00:09:51.100 cultivate crypto with umlauts on it and then like um you know different you know asterisks within there

00:09:56.620 and everything eventually then they run out of it seems like they run out of options and they

00:10:00.640 change to something else um and so then i get different ones but yeah literally every day i'm

00:10:05.440 just like yeah it's whack no i'm just gonna make it simple i'm just gonna disable like comments after

00:10:11.100 the video on this video so i don't have to deal with that nonsense anyway so um how does every crypto

00:10:15.380 video i don't know how you guys put up with that it's just absurd we can't all right so there's so

00:10:20.200 much and that's we also tell people in the course how to uh notice what scams are how to avoid them

00:10:24.860 how to i mean humans are usually the weakest link right um people falling for that type of stuff so

00:10:29.420 yeah um you know it seems obvious to a lot of people but uh for some people i have met a few

00:10:33.640 people a handful of people who you know fall for the uh send me one bitcoin i give you two back

00:10:38.180 um scam you know they they send a small amount first like five hundred dollars they give you a

00:10:42.280 thousand dollars back and then you send ten thousand dollars and they never see it again yeah we

00:10:45.920 could do an entire three hour episode on all yeah all the scams out there but i mean if you understand

00:10:50.140 basic email phishing scams and stuff like that then you should be smart enough to pick up on them let's set

00:10:54.200 that aside um so what happened with the markets and where where do you guys see things going

00:11:00.520 right now for the fall markets because we're in september september 3rd right now as we're casting

00:11:04.540 this today yeah there's a few different takes on it um miguel do you want to go from from your angle

00:11:09.780 in terms of what was happening in june july yeah basically it was sort of a i i would say it's more of

00:11:17.220 a coordinated attack in a way trying to flood us down um i i was more just kind of like i was really

00:11:23.940 taken back by some of the influencers in the space how every single major influencer on youtube

00:11:29.060 to twitter went pretty much negative on crypto and then me and charlie were pretty much the only

00:11:33.360 people out here saying that only bulls left the only bulls left every bear is everywhere

00:11:38.520 but we were just saying that like this market's not over there are so many things happening

00:11:45.800 next year that it's not over like just about every single exchange in north america you know canada

00:11:52.980 in the united states is going public next year gemini kraken uh ftx um ftx usa uh binance usa um

00:12:04.020 block 5 celsius i mean just just any company that's essentially can prove they have some revenue and

00:12:10.640 stuff they're going public next year just off of that you have enough firecrackers there to push this

00:12:15.040 well above six figures on btc but in terms of what we expect this year what we're expecting you know

00:12:21.160 to crack over a hundred thousand dollars in btc in december in december yeah yeah and then also to

00:12:27.680 kind of add to that like um there's one thing that we talk about in the course that is still relatively

00:12:31.880 underground here in crypto there's a few people that talk about it but really only like one or two

00:12:35.640 major people that are discussing this which is on-chain data that's the data that you can look at

00:12:40.580 on the bitcoin blockchain like how many wallets are there active that have over a thousand bitcoin in

00:12:45.220 them how many wallets um you know are there in general like how are they moving how long have

00:12:49.760 people been holding these uh wallets like without spending their bitcoin and stuff like this with all

00:12:54.740 that data what it basically tells you is um the people with over a thousand bitcoin the whales the

00:12:59.940 the people who have a lot of money in this market and they're relatively newer people to the space those

00:13:05.200 people plus the people who've been in crypto for uh what we call like long-term hodlers um both of

00:13:10.640 those people from february um through uh april may were not it's not a coordinated sell-off but it was

00:13:18.560 like when they when you shear the sheep without slaughtering the sheep right there's a consistent

00:13:23.320 taking a profit before the rest of the market and that's why when you look at the chart like bitcoin

00:13:27.900 is going up then up a little bit less it's still up still new high but a little bit less

00:13:32.280 right and then it lost momentum and went down and then when it did go down right talking about june and

00:13:38.120 july uh well may june july basically there was an over amount of um too much leverage in the system

00:13:44.800 basically too many people trading on margin and so when you have that and you get a flush out of

00:13:49.380 margin um basically the the one or two weeks of red candles on bitcoin in may or mid april and then

00:13:55.820 with ethereum in may was a flushing out of all that uh leverage trading i mean when you get the smart

00:14:01.260 money you get the people who are trading a lot the whales right they tend to leverage up because that's

00:14:06.020 what they do in the traditional markets as well and so um pushes up prices higher but also pushes

00:14:11.860 down prices higher so you get this kind of like pretty intense whipsaw effect but then once that's

00:14:17.080 done then you get a time of intense accumulation you also saw that on on-chain data we talked about

00:14:21.340 that actually in our q3 course we had a whole webinar of why the bull market's not over based

00:14:25.720 solely on on-chain data with our uh with our friend plan c um and that was a fantastic webinar he's

00:14:32.620 going to do two more webinars in our next course uh here for q4 but what's plan c um he's a guy who

00:14:39.180 talks heavily about celsius as a as an exchange but then also he joins us on moon gang from time to

00:14:44.620 time the show that we have on sunday nights at 10 p.m eastern and um so we'll be having that on this

00:14:49.740 sunday as well at 10 p.m eastern if people want to come over to cultivate crypto on youtube to watch

00:14:53.480 that um super smart dude he's basically a data analyst um he's very driven by data and so he

00:14:59.460 just delves into the on-chain data and says what kind of story can we find of what's happening in

00:15:03.980 the background based on this so um you can look at the fundamentals as miguel talked about you can

00:15:08.420 look at the technicals on the chart like i talked about and you can look at the on-chain data

00:15:11.740 um there's another form of uh analysis called chain analysis which you can also use to look at

00:15:16.860 different transactions what's happening but you put all these things together you get a really good

00:15:20.520 idea of what's actually happening in the market which is much more transparent than wall street

00:15:24.760 right with wall street um they can play a lot more tricks and do a lot more underhanded

00:15:28.560 deals in the background that you'll never see in public maybe it gets rumored but people i mean

00:15:34.120 people like with elizabeth warren says you know we have shadowy super quarters here in crypto

00:15:38.140 and nobody understands really what's happening here you have so much you know dark web stuff happening

00:15:43.380 it's like bs um everything here is the most transparent um yeah i want to say another word you

00:15:49.120 know part of you know i don't don't want to do that but um basically you know everything's

00:15:56.060 transparent it's all in the blockchain we can see exactly what's happening and we can make good

00:16:00.060 guesstimations um based on what we see happening on what is actually going to happen in the market

00:16:05.220 future and what this is telling us right now is and john was saying this on his channel right

00:16:10.120 we have the infrastructure bill coming out here for vote by september 27th we also have if you look

00:16:16.200 at the charts a cycle low coming into the mid-september those two price events where the price comes down

00:16:21.980 a little bit is a fantastic dip opportunity but you're going to get a lot of people screaming bloody murder

00:16:25.620 saying oh my god this is a bull trap we're going down to zero and that's the best time to buy and

00:16:30.880 so we're going to be talking about that in the course telling people you know how to be doing

00:16:34.180 this it's not financial advice it's just our opinion um but you know we've been doing this for a whole

00:16:39.000 calendar year um here this is our one year anniversary the crypto mindset course so we want to make sure to

00:16:43.380 take care of everybody here in quarter four and give um as much value as you can so 897 for this

00:16:47.980 course is an absolute steal like yeah it is a steal and there was a lot of guys plus yeah dude because there

00:16:53.300 was a lot of guys you know before i um do all the updates and the thumbnail on it because what i do

00:16:58.160 is i create the event and it just pops up and i have to make some updates and tick boxes to set it

00:17:01.920 up for the stream one of the things i do is members only chat there was a bunch of guys in the chat

00:17:06.640 before you know i updated they were all like this is awesome i've made a ton of money like there was at

00:17:10.940 least four or five i should have screenshotted them you know before i did the update but like

00:17:14.880 i started looking at your material about a year ago around the time that you guys first launched the

00:17:20.160 course and we've talked before like i know that you know you guys started casting this from

00:17:24.680 john's little shitty closet apartment with like the blanket hanging off the wall sharing the microphone

00:17:29.360 one mic what was it i was like two dudes one mic like what three or four years ago or something like

00:17:34.260 that 2019 february 13th was our first show bitcoin was 3600 yeah i feel like it was so long ago man

00:17:41.140 and it does feel like it yeah at that time i was like yeah you know i'm starting to come around

00:17:46.560 right and that's when i first started you were the first guy that came on our show that was willing

00:17:50.400 to like stoop down to the you know the level of us at the time you know like well well in fairness

00:17:56.300 like i started hearing about this stuff back in 2012 and 13 when i was having lunch with my buddy uh

00:18:02.040 amir and he's like yeah i'm i'm going all in on the blockchain i'm like are you what like what like

00:18:06.420 are you crazy like they're gonna shut this thing down and it took me about i mean i was five or six

00:18:11.500 years you know behind him but it took me a while to figure it out and i mean the truth of

00:18:16.300 matter is the vast majority of the population still is not involved in the cryptocurrency market

00:18:20.220 i think like what is it like something like one or two percent of the world population has a wallet

00:18:24.760 yeah and and also it does you're right it is an extremely hard industry to find good information on

00:18:31.300 like we search around youtube all the time that was the whole point of us starting uh the tokyo

00:18:36.120 crypto show and then also my channel and also dcc's channel um the whole point of it is let's give

00:18:41.000 the market real unbiased information youtube's not going to promote us uh in the algorithm we're

00:18:46.280 going to have a slow time gaining users but we're going to you know basically give people the real

00:18:50.780 information what's happening in the market so they can make money and if that happens you can actually

00:18:54.380 give people real value um then you know that's how we have the moon gang uh so strong we have a lot

00:19:00.040 of people who have literally changed their lives we have people considering um you know giving up their

00:19:05.040 corporate job and uh renouncing their u.s citizenship uh if they've done the course for about six months

00:19:09.880 to a year they're starting to talk about those things they're like hold your horses guys hold

00:19:13.240 your horses a little bit keep that cash flow going we'll talk about multiple streams of income in the

00:19:17.100 course and stuff like that but it's really awesome to see um you know and a lot of people who come from

00:19:21.840 your community who've joined the course um they pick up on it a lot quicker than i think a lot of

00:19:26.220 other people it usually takes about people about four years um to get up to speed in the cryptocurrency

00:19:30.840 space we do this within two weeks of the webinars but then obviously you have that's the first

00:19:35.560 initial portion where maybe somebody catches about 20 to 30 percent of the information that's in

00:19:39.860 the course and then we uh say do that over spaced repetition you know make a schedule for you to

00:19:45.860 review these webinars over the quarter or over the next six months which i mean is how people learn it's

00:19:50.580 like learning a new language and within six months you basically can you know plug yourself into the

00:19:55.480 the matrix of crypto enough to understand um four to five years worth of data and information that

00:20:02.060 we're giving you here and so that's a huge speed uh you know like forward for most people because if

00:20:07.540 they try to do it on their own they take in a lot of shitty information um you know they're going to

00:20:11.560 make mistakes regardless but at least you know um we tell them how to limit those mistakes as well

00:20:16.280 and uh they tend to do a lot better i was talking with a kid who i think is in his mid to late 20s

00:20:21.780 um uh won't say too many details but i just talked to him the other day he's made four hundred thousand

00:20:27.100 dollars this year um just by taking the course he's probably spent maybe max two three thousand

00:20:32.200 dollars on our services so i can count on one hand how many guys i know that have that have turned

00:20:37.180 you know like a couple thousand dollars into well over six figures over the course of the last um

00:20:42.560 year and a half uh speaking of which guys from the community we got jerry here with a 25 super chat

00:20:47.700 saying once you experience five times in crypto you'll never pedestalize a woman that's my experience

00:20:52.500 get in the q4 course and i know jerry's been in a few times he sent me a an email this morning he goes i

00:20:57.880 can't wait for the link to come up i'm just gonna i'm just gonna send them the ethereum now and pay

00:21:02.220 now um all he's paying with all profits too you know so that's our goal for the course is to make

00:21:08.040 sure that you you make more money than the course cost so you can keep coming back yeah there's the

00:21:11.900 link for the course again guys i i dropped it on youtube and pinned it at the top but i forgot to

00:21:16.440 distribute it on the other channels and if you're watching the replay you'll find it in the description

00:21:21.000 of the video i've uh disabled the comments i'm not playing whack-a-mole with my spare time on these

00:21:25.960 scammers so um yeah it's all there if you guys want to hop in the course is only open for five

00:21:31.140 days you said it was what 897 yep one-time payment yeah and i mean guys balk at it sometimes and i

00:21:38.140 don't understand why it's just like okay dude i mean you know have fun being poor if you don't want

00:21:42.040 to learn about this stuff because it's not just about learning about cryptocurrency and the blockchain

00:21:46.120 and what it all does and the function and you know like how this is essentially going to become

00:21:50.760 the future of finance and if you don't believe it i mean pay attention to what the financial

00:21:54.600 institutions and banks are doing it they are not you know very proudly but quietly you know

00:21:59.580 getting into the market yeah they realize that they don't have any other alternatives so i mean

00:22:04.440 if you want to sit on the sideline for another you know year or two do it but you're going to get in

00:22:09.920 at higher prices when the market has you know expanded more like i said there's there's a very small

00:22:15.660 percentage of the population i mean the first thing somebody always goes well how do you buy a

00:22:20.480 fifty thousand dollar bitcoin like i don't have fifty thousand you don't need to you can buy things

00:22:24.620 called satoshis and you can buy twenty dollars worth of bitcoin if you want it's it's like you know

00:22:29.040 where do i start you just start it's not that difficult um you guys make it not that difficult

00:22:33.980 especially with the course i mean i would say the way that you guys lay out the information with

00:22:37.620 the webinars and you don't have to watch them live that's the other complaint that i get from guys i

00:22:41.600 don't have time to watch it i don't watch them live either what i do is i wait for the recording and

00:22:45.480 then i play it back on my chrome browser at like one and a half times speed so i can get through it

00:22:50.100 a lot faster um and then it's it's it's it's just brilliant that way um here we got raymond in the

00:22:56.100 chat as well he says hey guys i can attest to the course being well worth the money if you have time to

00:23:00.260 touch on it later any thoughts on sec investigation uni what's the word on that guys they won't get any

00:23:06.920 word with it basically uni being uni swap i'm assuming right yeah so they think um well so it's it's the

00:23:13.800 biggest decentralized exchange in terms of volume it's actually outpacing coinbase in terms of

00:23:18.580 trading volume per day really yeah wow okay but what they're trying to do with things like the

00:23:23.920 infrastructure bill right is um basically say hey these guys are brokers right because technically

00:23:29.960 coinbase is actually a broker because they're a centralized exchange but one thing they don't

00:23:34.160 understand is you don't um use a decentralized exchange you do decentralized exchanges which means

00:23:42.160 you're doing a peer-to-peer decentralized exchange um through the blockchain not through you know swap

00:23:47.860 you're using their software and their protocol and their smart contracts um to actually communicate

00:23:52.220 with the blockchain and so you know swap itself does does actually nothing um and so the government

00:23:57.240 doesn't understand that first and foremost is which is right yeah exactly and and so because they

00:24:03.320 don't understand that they're like they view it as in a traditional way so they're going after it

00:24:06.540 basically the wrong way and um they can try to you know um uh you know put their old world um ideas

00:24:14.280 onto it and it is difficult like even language wise right i usually say i'm using uniswap whereas i should

00:24:19.760 be saying um i'm doing a decentralized exchange right um you know the the the nuances is is when you first

00:24:28.140 hear it kind of like what's the difference but when you think about it it's like oh okay yeah i'm actually

00:24:32.120 doing a peer-to-peer transaction so with somebody i absolutely have no idea who the person is on the

00:24:36.940 other end because the blockchain automatically connects us together connects the liquidity um and

00:24:41.620 makes the trade so um it's impossible as well for me to know um who i i basically traded with or got

00:24:47.780 that swap from at the end of the day so that's the problem with these decentralized exchanges they're

00:24:51.920 hard for the government to understand what they're doing hard to put them in the traditional boxes of

00:24:55.700 what they see as finance and then also most importantly it's very very hard for them to take them down and

00:25:00.960 when they do if they did let's say they had success at taking one of them down right there's 20 others

00:25:06.620 that just copied that open source data and and code and made you know 100 other exchanges that can do

00:25:13.700 the exact same thing and because it's like pandora's box it's already open the open source code is out

00:25:18.900 there literally we have teenagers out here who are starting to make cryptocurrencies um and make these

00:25:24.740 types of exchanges um you know as high school projects while they're still you know basically that's the

00:25:30.200 whole point of a decentralized exchange is to make censorship resistance so the state or nobody

00:25:35.000 else can meddle in it really correct which is which is phenomenal i mean we've never seen this

00:25:39.300 i mean pretty much at any time in history from what i've you know experienced anyway we got another

00:25:43.960 uh super here from curiously says uh thanks rich if it was not for your recommendation i would

00:25:48.340 have not taken action and joined these shady super coders their ace

00:25:51.580 everybody everybody likes to you know poke fun at you and flick boogers at you until they see

00:25:59.200 okay well maybe they're actually right it you know it appears that you know a lot of the predictions are

00:26:04.680 spot and not all your predictions have been on i mean but like the vast majority of them

00:26:09.380 i like they're they're spot on they're like if you lost money i mean if you paid 897 to learn about

00:26:17.420 cryptocurrency and you've got more than a couple thousand dollars i mean ideally i would say if

00:26:22.720 you're going to spend close to a thousand bucks on the course you should have somewhere between

00:26:25.520 eight to ten thousand minimum to start playing with the crypto markets i mean if you've got 50 bucks

00:26:30.340 don't spend nine hundred dollars and of course i'll tell you right now um but i mean if you can't

00:26:34.740 make that money back in in multiples like 10 20 50 times more i you're definitely not watching

00:26:41.840 webinars or you're not paying attention to the advice that these gentlemen are actually giving you

00:26:45.020 yeah we've had people who asked for uh refunds and we asked them why we sent you the information

00:26:50.640 you have all the stuff you can get into the course do you not do it and they said oh like i was just

00:26:55.860 basically that they were lazy they didn't go ahead and do it and we're just like well do it you know

00:27:01.480 it's like it's what you say every single time i mean i've stolen this phrase from you because it's

00:27:05.460 100 true is yeah exactly do the effing work if you do the work you don't even have to do 100 of the

00:27:10.900 work you do 30 of the work you do 25 of the work in this course you still make money

00:27:14.700 make a mistake within there you still make money like it's not a guarantee and you will make

00:27:18.440 mistakes i mean yeah there will be you know choices that you make or you might like i personally

00:27:23.860 transferred um i think it was like 1100 or 1200 synthetics tokens when they were worth peanuts

00:27:29.880 a long time ago to the wrong wallet and i lost them i just never got them back i mean they're

00:27:34.480 probably worth 15 or 20 000 now but i just screwed up so i mean like you will tend to make mistakes but

00:27:40.200 i mean the way that you guys handle it i mean like the way that you guys deal with that and i

00:27:43.660 don't mind telling you is like hey instead of sending like the full amount in your first transfer

00:27:47.880 send five bucks just make sure that you got the wallet address right you know you're comfortable

00:27:51.840 with the flow you know like you see the receipt you know that all goes through then send the full

00:27:56.840 amount right like it's simple things like that that some people don't think about that that you guys

00:28:01.100 provide which lets them put on the seat belt and make sure the airbag's working in case they crash

00:28:05.500 and have an accident so they don't you know destroy their entire world um most of these guys without

00:28:11.080 that type of guidance would get into things that would like wreck them 10 times over and they'd

00:28:16.920 have to start from scratch and it would be really painful without the course yeah it's what about

00:28:21.440 sorry i was going to say what about location that that doesn't matter i mean somebody can sign up

00:28:26.700 from from like a caribbean island in the middle of the freaking ocean right we have guys from mauritania

00:28:31.340 i didn't even know that where that country was when i first had a consultation with the guys from

00:28:35.220 mauritania shout out to them um i like literally i i never heard of that even in geography class and

00:28:41.200 i'm a pretty good person at geography i've traveled the world you know but you know literally

00:28:45.440 we have guys in countries all over the world every single time zone um that joined the course

00:28:50.600 and have success yeah uh you were about to say something oh i was just saying that you know

00:28:55.520 like it's sort of like like uh people who like all right let's let's just see like people learn

00:29:01.920 street fighting or something this is kind of just as an analogy right but people learn how to fight

00:29:05.800 just on the streets and then end up picking really bad habits so when when you come to the course right

00:29:10.940 we teach you the right way to actually learn cryptocurrencies right because if you try to learn

00:29:15.700 cryptocurrencies yourself you will learn it but it will take you years to get it right and the thing

00:29:21.120 is is that the cycles the the cryptocurrency cycles are really good during a certain portion of time

00:29:27.540 like right now we still have until you know the middle of next year basically um here there's a

00:29:33.240 question for you over here uh miguel because uh mark sold at sorry 50 000 worth of hacks that he bought

00:29:39.580 at eight and eight cents and change sorry at 0.08 at two cents is it too late to get back in i know

00:29:47.820 that you're a big fan of hacks and you've got a lot of it too yeah it's it's not it's not too late yeah

00:29:51.720 but this is kind of why we tell people to hold a moon bag or hold something of a position

00:29:55.200 because uh if he had held that he would be up about i would say 35 times on his money

00:30:01.580 yeah 50 times 35 you guys can do the math right this is this is stuff that you can't do in

00:30:09.140 conventional stock markets with real estate flipping watches you know whatever it is that

00:30:14.480 guys out there look at that they think is a better place to place your money hey if you make money at it

00:30:20.780 awesome i'm i'm all for it you know i hope that you make good multiples but i mean if you're if

00:30:26.380 if something like this let's say shows up on the radar in the course and you guys talk about it and

00:30:32.100 it's announced that you know half a cent or you know 0.087 of a cent and then it goes up to 27 cents

00:30:38.800 i think hex is at 27 or 30 now or something like that 20 28 right now yeah yeah it's just ridiculous i

00:30:44.720 mean is it going to happen all the time probably not but if you take some some bets i mean you know

00:30:51.360 that's just how fate and fortune work right yeah that's a wonderful coin yeah yeah and it's been a

00:30:58.060 fantastic gainer and during the q3 course that we had here in june um two coins right hex and solana

00:31:04.420 both did a forex and we had i bought solana on your recommendation but i skipped on hex

00:31:09.580 yeah and so this is the thing that me and miguel talk about in terms of people psychology when you

00:31:15.060 look at the two projects hex and solana right solana is a project that because it's a lot of

00:31:20.440 it's related towards like the traditional trading world you get a lot of people who even if they're

00:31:24.420 like a little bit conservative or just like unsure of some things and like you know want like something

00:31:29.280 that looks like a much more like transparent type project they'll go with solana and then the people

00:31:34.200 who are like hey you know yolo baby i want to like a little bit more of a flyer which could do a lot

00:31:39.020 of x's i'll go over here and try hex and then some people will be like i'll try both of them because

00:31:42.880 i you know did my own research after hearing about it from you guys you guys told us how to do the

00:31:47.320 research we looked into both of them and you know i like both of them and so sometimes some people got

00:31:51.600 into both um but you know we understand that some people will uh gravitate towards some projects

00:31:57.760 versus others because of their personality or psychology and so we always try to make sure that the

00:32:03.120 portfolio that we do recommend to people who are newer to the course does give you like an

00:32:07.560 a la carte option enough so that it's a it's not confusing it's a few only a few coins like five

00:32:12.300 coins that you can really focus on and then um you know but then also coins that you know will fit

00:32:18.860 with how people feel about the markets because there's also some people who are just like yeah i just

00:32:23.400 like the seti yeti you know like 20 yield or 10 yield on a coin which is a lot higher than traditional

00:32:28.740 markets but maybe they just like that on something like um polka dot or kusama um yeah i like how you

00:32:34.620 guys both break down you know your your take on the fundamentals of the coins and then there's coins

00:32:40.900 that you look at and you'll be like okay this is a dark horse but yeah here's where it could go you

00:32:45.800 know sort of thing so i mean yeah you give them all that we got a question here on cell um last time

00:32:52.080 we talked i think you said something along the line the soundbite was something like cell has proven

00:32:55.640 itself to be more like a stable coin it hasn't moved that much yeah so we initially recommended celsius

00:33:01.920 token uh which is sell um in uh last the first course that we did last september right we started

00:33:09.000 talking about on our youtube channel probably from about june of last year when it was about 35 cents

00:33:13.720 yeah now last year we told everybody in the course six or seven bucks right now isn't it like it's around

00:33:18.320 six bucks i think yeah it's about 550 or six dollars right now um and so that's you know from people who

00:33:23.660 were in the initial courses last fall right they've gotten basically at least uh usually about a 10x

00:33:30.400 on that right um now since the beginning of this calendar year it hasn't done jack right it's just

00:33:36.280 been basically oscillated between six to eight dollars or five four five days it also didn't

00:33:40.540 lose much during the correction back in the summer too yeah correct it actually acts a lot more like

00:33:45.280 a traditional stock than it does a cryptocurrency in that way um as well based based upon like kind

00:33:50.820 of how it's structured it has a decent yield too so it's more of a safer token to hold correct correct

00:33:55.000 you'll get like six i think six percent on it or something like that um and you can get paid and

00:33:59.600 sell with your other cryptocurrencies every single monday as well so yeah there's a lot of good things

00:34:04.440 about the platform it's it's definitely a solid platform and we do highly um or strongly believe

00:34:09.320 that it will have a move here towards the end of the year um and people at it last year in september

00:34:15.640 when we were saying yeah sell's been 35 cents here for about a quarter but it's going to go to about

00:34:19.660 miguel was saying five dollars i was saying a dollar 60 then it went to 650 by the end of the year

00:34:24.160 you know people were like thinking a dollar 60 or five dollars is absolutely batshit insane

00:34:28.860 um you know they didn't believe us they're like these amount of x's in crypto that is that possible

00:34:34.120 is that even real and we're like just watch bros and uh it happened so i mean it's one of these things

00:34:39.480 we're talking about sell going anywhere between 50 to 120 dollars it's possible by the end of the

00:34:44.320 year maybe just by the end of the bull market but either way um within the next calendar year we do

00:34:48.560 believe those prices are possible and sell and there's even people who work at celsius that

00:34:52.040 uh doubt that information right there but we have you know looked into the the fundamentals and and

00:34:56.900 everything about it pretty well i mean dollar cost crypto miguel has looked at that quite intensely

00:35:01.360 and um so you know um we always we always just wait until the market proves us right or wrong and

00:35:08.780 you know when we're right we make sure to talk about it when we're wrong we also talk about it and

00:35:12.700 kind of dissect where um maybe we miss some points but i would say like you said 90 of the time

00:35:18.340 we tend to you know be spot on but nobody's you know batting 100 right right with like one thing

00:35:23.720 with like celsius right i mean we had some people we had some people uh kind of complaining about

00:35:27.860 celsius until the market took a huge you know correction like we were talking about earlier and

00:35:33.280 everyone kind of kind of watched the face that were really happy that we're holding celsius because

00:35:38.480 the only two points that did not go down were celsius and hex and a lot of people's portfolios were

00:35:43.960 completely buoyed off of that as well and then the hex hex started running and then so on as well so

00:35:48.640 uh this is why we recommend you know we recommended these two coins over time because they're really

00:35:53.680 steady celsius pretty much doesn't go down it will not go down below four dollars basically it's being

00:36:00.060 supported by the company um one of the reasons why the coin hasn't moved is because they're they're

00:36:05.940 getting ready to do an equity round they're they're they're doing a series b right now

00:36:09.880 after that series b is all done and set for and stuff then the coin will start running basically

00:36:16.180 celsius always tends to run kind of like late late in the year basically you know quarter three to

00:36:21.740 quarter four that's usually when it runs it kind of it usually has a really slow start to quarter one and

00:36:26.480 two but it's a wonderful coin they just they just crossed over a million users like two days ago

00:36:31.980 okay so it's that's gigantic in crypto they're they're they're essentially the central bank of crypto

00:36:37.720 right now that's from about 29 000 users a year ago how much how much time do you guys spend daily

00:36:44.140 um on the markets like like studying all this stuff because i because i don't have enough time in my day

00:36:49.280 like i maybe spend an hour tops i think yeah i mean it's our profession so i mean miguel goes a little

00:36:54.000 bit crazy sometimes wait wait wait you guys aren't delivering pizzas full-time and this is a part-time scam

00:36:58.520 you guys are already i know there's always guys out there they're like

00:37:02.600 yep yep so you're on this like like like full-time like all day long like you're studying

00:37:08.220 this stuff yeah exactly exactly sometimes we lose sleep over it like there's sometimes i'll call

00:37:12.120 miguel at like my 3 a.m or sometimes he'll call i'll call him uh at his 3 a.m and we'll be like i'm

00:37:17.360 like i'll message me i'm like are you up and like yep you know so it's it's also one of these things

00:37:23.040 where man this market gets addicting like it's one of these things where you're like once you start

00:37:27.320 seeing these gains like i uh i was talking about this on john's show the first time you see your

00:37:31.280 first forex on a coin like you're hooked like i don't care who you are like it's just it's nice

00:37:38.600 right and so then you're like okay how can i do this again and again and again and again and again

00:37:42.520 and then you know it's the same thing with any other market you know making your first hundred

00:37:47.260 thousand dollars um is extremely difficult for some people right and then making your first million

00:37:52.120 is another level of difficulty then making your first 10 million and then you know then it's 100

00:37:56.960 and then you know those numbers become you know exponentially bigger and a lot easier to attain

00:38:01.060 then obviously if you get towards like a billion dollars and obviously that mass uh massive amount

00:38:05.800 then becomes very different with how you're going to play with the market um but just generally

00:38:10.080 speaking you know getting to those different checkpoints becomes easier and easier the the

00:38:14.240 basically what we talk about is you know getting enough i mean we like to like make analogies with

00:38:20.060 the crypto uh area likes to talk about you know space and stuff right so it's first getting out of the

00:38:25.280 atmosphere right getting uh enough rocket fuel enough of a foundation to like break out of the

00:38:29.720 atmosphere that's really really difficult and then once you can do that you're in orbit refuel

00:38:33.440 get some more information and then help yourself get to the moon that we joke about that all the

00:38:37.560 time you know we have our show on sunday it's called moon gang but then it's like don't stop at the moon

00:38:41.920 there's mars there's freaking on dramata galaxy out there there's there's a lot of stuff you can do in

00:38:46.460 this space and it's only getting better so um people are still skeptical like why do you think people

00:38:51.340 are like still still talking about things like oh gold or you know it's a ponzi scheme or it's going

00:38:59.120 to go to zero like why do you think that there's still a lot of you know fear and certainty and

00:39:02.440 doubt out there youtuber i mean part part of the day some of it's an age like an age gap so i mean if

00:39:08.240 you've done something your whole life 40 plus years you know in in a certain field like you're just

00:39:12.900 pretty much not going to change on it until like you get full dog new tricks yeah yeah it's all well

00:39:18.440 yeah dogs handler new tricks but it just takes unbelievable amount of pain to get them to change

00:39:23.800 basically where a lot of the young like there's kind of like two halves to like the millennial

00:39:28.340 money game right there's the uh the equity side and then there's the crypto side basically and

00:39:32.620 there's really that's about it uh sadly but um but the the stock guys are just you know they're

00:39:39.260 they're trying to hold on to their people right because the minute you go over to crypto land the

00:39:42.800 the equity the equity gains are just like nothing like nothing at all either you can't even compare

00:39:48.040 them it's like so insane like i i uh me and charlie joke around all the time can imagine us going

00:39:52.420 into equities right now yeah just the when once you start getting gains in crypto you just look at

00:39:59.040 the traditional market you're like first of all it's it's a lot more manipulated and basically um

00:40:05.000 tilted as relatively in a lot of scammy ways like i'm not saying anything bad about traditional markets

00:40:10.300 because gold you can you know make as a good investment and you can make money in the stock market

00:40:14.760 well i'm saying i don't say you have to get out of those markets but i just once you get used to

00:40:18.520 the gains in crypto you start looking at the other stuff you know like earning 10 or 20 percent a year

00:40:23.140 on a good year and in the stock market you know i know you can leverage it up and you can make a lot

00:40:27.280 more than that especially if you're like playing with tesla or something like that but just generally

00:40:30.920 speaking you know compared to traditional terms like it's just laughable when it comes to crypto

00:40:34.920 there's just it's not as hard as people think i mean like one of the things i hear off uh just this is

00:40:39.340 you know it's too hard like i don't understand it it's like okay well i mean if you want the gains

00:40:44.020 i mean if you want to if you want to get involved in something that's that's only being used by a very

00:40:48.560 small percentage of the world population that grows exponentially every year i mean the amount of

00:40:52.380 wallet users keeps expanding by massive numbers quarterly um yeah you're gonna have to like you know

00:40:59.600 deal with with a couple of extra steps i mean there's no amazon checkout click one button now

00:41:05.380 you know make a you know 35x multiple on your money it's it's not hey listen when they have the

00:41:12.240 click the one button right now you're not going to be making the 35x multiples on your money it's it's

00:41:17.380 not that likely at that time it's going to be a lot harder to make multiples so right now maybe it's a

00:41:22.720 little bit harder you got to take three or four steps to you know convert fiat into crypto and then

00:41:28.280 on to exchange and learn how to use things like ethereum and what gas fees are and how to stake your

00:41:33.760 you know crypto and all that sort of stuff yeah okay maybe there's a few extra lessons that you

00:41:37.660 got to learn but that's the price that you pay in exchange to get the multiples i mean nothing worth

00:41:43.520 anything comes free right there's always work that's involved as i like to say um i gotta get

00:41:48.940 running in like uh 18 minutes or so can you guys start talking a little bit about what's in the course

00:41:53.660 and what people should expect again it's only open for five days it's 8 97 i've dropped the link it's

00:41:59.980 pinned in the top comment on youtube i'll drop it again um give them some 411 on what they should

00:42:05.420 expect to see yeah uh let me go through there's actually um a show that we did on the tokyo crypto

00:42:11.220 show on john's both john and my channel um for modern life dating and my channel cultivate crypto

00:42:16.740 on wednesday if people want to go back and watch that it was a three-hour episode if you can get

00:42:20.080 through that episode and you get a lot of data in those points as well um then you will be no problem

00:42:26.400 in the course for sure um but yeah the the top basically we had the top 10 reasons why to get

00:42:31.120 into the course um so these are just uh like tips of the hat towards some of the stuff we talk about

00:42:36.100 maybe miguel can pick a couple of these points and then expound upon it a little bit um so we got

00:42:41.280 um basically strategies to reduce taxes um we have strategies um to choose the best coins in the market

00:42:48.080 um we have strategies to find uh the best trends that you can make money on currently in the market

00:42:54.020 um and also going into next year um we basically save you four years of learning um in this uh

00:43:00.980 market basically what we were talking about before with how long it takes to actually get used to this

00:43:04.740 if you don't have the right direction um we have uh learning how to take profits this is a problem a

00:43:10.220 lot of people have because all of a sudden you get prices going up and you get greedy um we have

00:43:15.740 how to onboard onto crypto safely to make sure you're getting in at the right places how to avoid scams

00:43:20.480 how to make passive income we've talked about that a little bit here today how to attain financial

00:43:25.180 freedom not like overnight this is not get rich quick right um but over the course of five years

00:43:30.240 um five to ten years uh and then also uh how to make more money than the course costs which is not

00:43:35.540 a guarantee but it is something that most of the people do in the course so i don't know if there's

00:43:38.920 a couple points within there regale that you particularly wanted to discuss about that yeah sure so we we can

00:43:45.160 talk a little bit of maybe about taxes a little bit in terms of the stuff so one thing we do teach

00:43:49.620 on the course is uh this is a part of leverage day so we put a big disclaimer on this right here where

00:43:54.600 we say this is this is the surgeon general's warning right here you know that like you could

00:44:00.700 get cancer right so we we don't we don't recommend leverage at all but there is certain types of

00:44:05.680 leverage where it it has it has benefits right so there's something we call sec lending or effectively

00:44:11.780 borrowing on your cryptocurrencies and if you use certain entities like blockfi or celsius

00:44:16.540 uh you can take a loan on your on your crypto and that loaned income that you get off of that is

00:44:22.520 tax-free so there's ways to spend because i'm in california myself and i'm in the worst state

00:44:27.680 possible for taxes like horrible it's like 55 percent tax uh 55 percent in taxes that have to pay

00:44:35.520 especially taxes it's horrible it's totally terrible so one way that you can get around it

00:44:41.860 just just a free tip alpha and stuff is uh we don't recommend anything higher than the 25 percent

00:44:47.240 ltb which is basically if you have if i put a hundred dollars on celsius and i borrow on it

00:44:52.000 i will get 25 of that so what that means is um i will get 25 that 25 is tax-free i could use that to

00:45:02.140 essentially help me pay my taxes off so as over time as you start gathering these assets and

00:45:07.080 cryptocurrencies you can then borrow on them and pay your taxes off with that or or reinvest that

00:45:12.240 money and get more of a gain on your money can you can you can you borrow against the crypto like

00:45:16.900 let's say you stake a hundred thousand dollars yes and you borrow 25 000 and then when you pay back

00:45:23.260 the loan the value of your cryptocurrencies 150 000 on that staking can you pay back the loan with

00:45:28.520 the profits of the appreciated value of that token okay so it's like it's basically like free money then

00:45:33.900 yeah the word in the traditional financial industry is re-hypothecation which the banks

00:45:39.260 really only have the opportunity to do to do but in crypto you are your own bank in this case

00:45:44.520 um opportunity or platforms like celsius but also other platforms with the defy space give you the

00:45:50.920 opportunity to take out loans re-hypothecate into another cryptocurrency reduce your taxes and then also

00:45:56.680 use those gains to pay off the loans and then keep profits um as well so it's a fantastic opportunity

00:46:02.980 yeah so as an example right so let's just say i'll choose an easy cryptocurrency that has a

00:46:08.320 low price let's just say something like a cardano right let's just say cardano was a dollar and i took

00:46:13.100 a loan on it on a hundred thousand so i had a hundred thousand cardano i put them on celsius i

00:46:17.060 borrowed i did a 25 ltv i got 25 000 that i can invest and let's just say cardano's price goes to

00:46:23.800 five dollars my my ltd technically is five percent not 25 anymore five percent and if i wanted to i could

00:46:31.300 say all right just take it off the principal so what they'll do is they'll return 95 percent of

00:46:35.900 my original cardano back to me and i still keep the 25 000 as well so i've closed up the loan and

00:46:42.240 everything's so i could so this is the magic so during it so and it's kind of counterintuitive

00:46:47.540 too because we we uh we teach all kinds of just strategic ways to how to do this but one way is

00:46:52.140 like you want to borrow when the coin's down that uh which is counterintuitive yep because it lowers

00:46:57.220 your your liquidation rate because yeah you aren't you aren't it is leverage right so it's like it's

00:47:02.100 like uh taking a 1.25 x right long effectively so if if the coin went down 80 you would get liquidated

00:47:09.940 right so when let's just say cardano went down to like 85 cents as an example i know it's not 85

00:47:15.620 cents right now but in that example it goes down to 85 cents then i take the loan it would make my

00:47:19.620 liquidation rate like 22 cents 19 cents instead of where if i took it a dollar it'd be 25 cents so

00:47:25.780 i've just it's there's ways to kind of lower the risk of you getting liquidated obviously some of

00:47:30.500 these coins we recommend some coins over other coins right i mean typically we only recommend

00:47:34.660 bitcoin ethereum and the cell token itself to borrow money on on these coins and stuff when they're

00:47:40.020 down of course too yeah and they're yeah and they're down of course too yeah so so but these coins

00:47:44.820 are less volatile as well as there's so much more information on them in order to where some we

00:47:51.300 would highly not recommend borrowing on something like synthetics or something like that or any other

00:47:56.420 coin like that because there's just too much volatility with them where you like what ends up

00:47:59.940 happening is people want a certain number so they end up doing like a 50 ltv which is the maximum on

00:48:06.580 something like a celsius you you can't even do like an 80 ltv on other platforms but it's pretty dangerous

00:48:13.140 actually because you can get completely waked out very easily you know some guys do 60 ltvs

00:48:19.860 lose a 60 there they keep the 40 and then they lose their trading with the 40 and then lose the

00:48:25.060 40 so like at the end of the day they're left to like 10 of the original position which happens a lot

00:48:29.860 yeah do you guys also talk about another platform um london because i use that one myself i mean i think

00:48:35.620 it's a canadian platform i don't know if it's available to other places in the world but i basically did

00:48:39.620 that with bitcoin at um i think i i use their b2x program at about 39 000 um and it went down to 28

00:48:49.540 obviously and i was still above the loan to value area where they would do like a margin call where

00:48:55.460 you got to top up with more bitcoin which i would have done anyway even if it happened and they do

00:48:59.060 give you that warning right yeah yeah and then you basically pay off the loan with the appreciated the

00:49:04.980 value of the bitcoin and you acquire more bitcoin essentially for free right it's it's great like

00:49:11.060 you know it takes a little bit to explain it there's probably explainer videos on youtube but i

00:49:15.780 know this is like something that you guys cover in the course as well you know how to borrow against

00:49:19.700 your uh crypto because we've all well not we've all some of us have heard guys like michael sailor say

00:49:26.020 say things like you know bitcoin is digital real estate right and you don't really want to sell

00:49:30.900 it you want to acquire it and if you need cash you can borrow against it sort of thing so there's

00:49:35.620 there's a ton of different ways for you to make money on the blockchain with decentralized finance

00:49:42.180 with different types of cryptocurrencies on the ethereum blockchain it's it's it's very very interesting

00:49:48.740 and again the course is open if you're sitting on the sidelines that's your call but if you've watched

00:49:56.260 enough of these videos and you've seen these guys come on my channel of times and i bring them on every

00:49:59.940 quarter do some updates let you guys know the course is open i i only back things that i support

00:50:05.620 and this is something that i fully support and i really think that if you're not involved in an area

00:50:11.140 like this it's something that you should definitely consider seriously because you're missing out on big

00:50:16.820 opportunity the opportunity is going to contract as years go on right the opportunity is still huge

00:50:22.340 right now it is not eroded any of those people that are telling you oh you're never going to make

00:50:26.340 any money because bitcoin's 50 000 they're they're either lying to you or they're stupid yep and

00:50:32.340 let me give you a couple stats which are interesting so right now the entire cryptocurrency market

00:50:37.780 the entire market is uh right now 2.3 trillion dollars in uh market cap in total total value within

00:50:46.820 the market now when you take a look at a company like apple right uh you look at its market cap i i

00:50:52.900 can't remember off the top of my head but i believe it's like a little bit below five bill five

00:50:56.580 trillion dollars right you have companies like facebook also around four trillion dollars in

00:51:01.300 market cap or different things like this right and then you also have gold the entire you know market

00:51:06.260 of gold is about ten trillion dollars in market cap and then you go you know you can go to um

00:51:11.940 you know entire different markets and try to scale up from there but even if you look at

00:51:16.100 the markets of an entire uh one of the largest companies some of the largest companies in the world

00:51:20.260 or you know a large reserve asset like gold those market caps are what bitcoin and the cryptocurrency

00:51:26.580 space is after so let's just like be relatively conservative and say the entire crypto market

00:51:32.740 not even bitcoin right is going to equal the entire market cap of gold which is at 10 trillion dollars

00:51:38.260 it's still a 5x from where we are now basically um to get to that so four or five x and so um

00:51:46.260 a lot of people out there uh basically understand that bitcoin is digital gold it is digital real

00:51:51.540 estate it is a way to um basically lock up your energy that you took your time uh to um you know

00:51:57.860 earn that money with right and uh bitcoin's a way to hedge that against inflation and hold that in uh

00:52:04.660 like kind of what do you call it like a vacuum basically if you're looking at it from a physics

00:52:08.340 perspective so um if bitcoin itself is going to get to 10 trillion dollars in market cap not this bull

00:52:14.900 cycle i don't think but within this decade um to equal gold because it is digital gold and is the

00:52:20.820 analog space of the digital space growing faster hmm i wonder um if that's the case bitcoin right now

00:52:26.660 is about uh 953 billion dollars in market cap so just under a trillion dollars that's a 10x

00:52:32.420 on bitcoin so at fifty thousand dollars you just you know we don't have to do perfect math but just

00:52:36.580 rough math 10x of fifty thousand dollars is half a million dollars of bitcoin and you have people like

00:52:41.540 kathy wood out here who is a pretty good uh proponent of tesla and bitcoin as well and

00:52:45.700 understands a lot of markets um not perfect obviously has made mistakes in the past with her

00:52:49.780 company called ark investments but it's really spot on been probably one of the earliest proponents of

00:52:54.100 cryptocurrency or bitcoin specifically in the traditional finance space and um she's saying you

00:52:59.780 know within the next five years bitcoin hit 250 000 easy so if you don't even want to pay attention

00:53:05.780 right um just buy bitcoin at fifty thousand dollars however much of it you want it could be a thousand

00:53:10.820 dollars it can be a million dollars whatever buy it at uh fifty thousand dollars and you'll get a

00:53:16.100 five x on your money within five years like um that's going to be better than any savings account

00:53:21.300 out there that you can do and that's not even gaining any of the yield on it that you can get

00:53:24.900 on celsius um that's not even taking any of the loans against that you can do that we talk about in

00:53:28.980 the course like and this is just like the basic like we i mean we're millennials right here in the

00:53:34.740 crypto space um that's where you know basically the people who are really taking this industry

00:53:39.620 forward are coming from and um basically uh for us bitcoin is the boomer money of crypto like just

00:53:47.060 honestly speaking there's a lot of other opportunities out there as well including

00:53:50.340 ethereum and that's just the second best so um in terms of you know market cap so there's a lot of

00:53:55.460 opportunities out here and these are just the beginning so um we give that information because

00:53:58.980 it is free um and easy to find that information if you start digging on the internet but if you just

00:54:04.340 think about those things that's just the tip of the iceberg and so this industry is going to go a

00:54:09.220 lot further than that in my opinion awesome let's do one last question i'll drop the link in the chat

00:54:14.820 again what's your price prediction for bitcoin end of year 2021 plan b stock to flow model saying 135k

00:54:22.340 yeah i decided to go with a conservative number i was thinking about 95 to 130 000 seems pretty reasonable so

00:54:29.540 my personal number that i've decided to stick with is about 110 000 i think that's pretty attainable um

00:54:35.460 i don't know miguel's thinking a little bit different yeah i'm roughly the same it's i'm like 120.

00:54:40.180 yeah yeah and it's not guys it's not going to be a straight line like this it'll be a bumpy ride

00:54:44.580 but it's going to get there i mean that's how you make the money and the volatility that's that's

00:54:48.740 that's just the nature of the beast so and two x within four months is pretty damn good yeah

00:54:52.740 yeah um so there you have it guys a little bit of a chat on the state of the market and the course

00:54:59.460 is open um what when does the course close you said it was on tuesday tuesday at midnight uh us time

00:55:06.420 so if you're not in by midnight on tuesday sorry um even if you come to our you know email and beg us

00:55:12.820 we won't let you in it's unfortunate but um we all accept as many people as we can between now and

00:55:17.780 midnight on september 7th yeah and it just works that way so you can present the material and do the

00:55:22.100 q a with everybody in the courses it's it's just a function of the structure we need time to prepare

00:55:25.860 and make sure that everybody's well taken care of links are in the live chat if you're watching

00:55:30.180 the recording the link is also in the description um i will probably send out an email or two to my

00:55:35.460 list this weekend just with some further thoughts so keep an eye out for that but um that's it guys

00:55:40.180 thanks a lot wish you all the best i'll be tuning in later on this afternoon to watch you talking to

00:55:44.100 robert kiyosaki and um i'm looking forward to the course material this quarter so thanks again for

00:55:49.620 everything that you do yeah thanks for having us on and thanks for uh you know uh being with us for

00:55:54.580 for a while here appreciate it thanks jess

Playing to Win - March 02, 2022

045 - Fall 2021 Crypto Markets Updates

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