1 00:00:00,060 --> 00:00:03,390 S1: Time can move very slowly. When you're in a bear market. 2 00:00:03,390 --> 00:00:06,300 S1: Watching your crypto and NFT value drop can be a 3 00:00:06,300 --> 00:00:11,130 S1: depressing experience. Well, we've survived one bear market and appears 4 00:00:11,130 --> 00:00:13,800 S1: that we're going to make it through another today. Your 5 00:00:13,800 --> 00:00:16,560 S1: favorite crypto clowns? Take a look at where we've been, 6 00:00:16,560 --> 00:00:19,770 S1: what we've learned along the way, and discuss where we 7 00:00:19,770 --> 00:00:23,070 S1: think this all might be going. So be of good cheer. 8 00:00:23,070 --> 00:00:27,000 S1: We believe the bull is almost here. Let's talk financial 9 00:00:27,000 --> 00:00:29,370 S1: mammals and have some fun as we give you our 10 00:00:29,370 --> 00:00:33,570 S1: thoughts from inside the bear market on episode number, get 11 00:00:33,570 --> 00:00:38,250 S1: this 700. Of the Bad Crypto Podcast. 12 00:00:38,340 --> 00:00:44,280 S2: 54310. 13 00:00:44,950 --> 00:00:47,700 UU: It's listen who's bad? 14 00:01:10,940 --> 00:01:14,480 S3: Okay, the bad crypto podcast. Yeah, we get it. Hey 15 00:01:14,510 --> 00:01:18,560 S3: talking bitcoin with Joel coming Travis right. Yeah digital money 16 00:01:18,560 --> 00:01:21,410 S3: and blockchain keep you informed and entertain. Make you think 17 00:01:21,410 --> 00:01:23,540 S3: make you laugh. But remember stay bad. 18 00:01:24,290 --> 00:01:26,660 UU: The bad crypto podcast. Let's go. 19 00:01:29,810 --> 00:01:35,450 S1: This is the big 700 live from the Republic of 20 00:01:35,450 --> 00:01:40,210 S1: Bad Cryptopia well recorded, but we're live as we're doing it. Wait, 21 00:01:40,220 --> 00:01:43,610 S1: let me check my pulse. Yeah. I'm live. Trav, you live. 22 00:01:43,910 --> 00:01:45,770 S4: I'm still alive. 23 00:01:45,770 --> 00:01:51,650 S1: You're like the two live crew. Two live crew? 24 00:01:51,650 --> 00:01:56,570 S4: Yeah. I'm not a smoker. Do you know I'm going to. 25 00:01:56,570 --> 00:01:59,360 S4: I want to say this. This episode number 700. Thanks 26 00:01:59,360 --> 00:02:02,210 S4: to everyone who has tuned in and heard some of 27 00:02:02,210 --> 00:02:07,280 S4: those along the way. And just as a quick recap, Joel, 28 00:02:07,280 --> 00:02:10,130 S4: when we started the show, right, we started the show in, 29 00:02:10,400 --> 00:02:14,000 S4: let's say the closest time frame that we have is like, 30 00:02:14,000 --> 00:02:17,090 S4: it looks like July 16th is when we started the show, 31 00:02:17,090 --> 00:02:22,340 S4: and the total crypto market cap at that time was 32 00:02:22,340 --> 00:02:26,799 S4: $80 billion. That was the total. That was the total 33 00:02:26,800 --> 00:02:30,940 S4: volume right there. So that's a historic that's a historic time. 34 00:02:30,940 --> 00:02:33,070 S4: And now here we are now with it like almost 35 00:02:33,070 --> 00:02:38,620 S4: 1.1 trillion. So we've gone up over about what, almost 36 00:02:38,620 --> 00:02:42,190 S4: 15 x since, you know here we are since starting 37 00:02:42,190 --> 00:02:44,020 S4: to show. Did we do that years ago? It was 38 00:02:44,020 --> 00:02:47,050 S4: all on us. Yeah, us and Ben Armstrong, we did 39 00:02:47,050 --> 00:02:50,200 S4: it all. And a little bit of Michael Saylor. Not much, 40 00:02:50,200 --> 00:02:53,770 S4: but some. And you know we've seen this thing is 41 00:02:53,770 --> 00:02:56,230 S4: almost didn't we see it over 2 trillion wasn't like 42 00:02:56,230 --> 00:02:56,690 S4: two point. 43 00:02:56,720 --> 00:02:58,180 S1: Something over three. 44 00:02:58,389 --> 00:03:00,040 S4: 3 trillion. My god. 45 00:03:00,040 --> 00:03:01,870 S1: So yeah I'm going to pull up CoinGecko in a minute. 46 00:03:01,870 --> 00:03:02,800 S1: We'll take a look like we're. 47 00:03:02,800 --> 00:03:04,870 S4: In for about another run here. It should be should 48 00:03:04,870 --> 00:03:07,660 S4: be interesting to see over 10,000 coins now Joel. 49 00:03:07,810 --> 00:03:10,090 S1: That's crazy. And those are just the ones that are 50 00:03:10,090 --> 00:03:14,320 S1: being tracked by CoinGecko. There's I guarantee there's at least 51 00:03:14,320 --> 00:03:17,799 S1: that many more that aren't being tracked and who knows. 52 00:03:17,830 --> 00:03:20,020 S1: And so so, you know, we're just going to have 53 00:03:20,020 --> 00:03:22,870 S1: a little conversation today. Talk about some of the things 54 00:03:22,870 --> 00:03:25,990 S1: that we've learned. But let's let's go ahead and historically 55 00:03:25,990 --> 00:03:29,410 S1: take a look at the crypto market. Those of you 56 00:03:29,410 --> 00:03:31,989 S1: that are listening that's fine. If you want to see 57 00:03:31,990 --> 00:03:34,450 S1: what we're talking about here, we've got some visuals you 58 00:03:34,450 --> 00:03:38,350 S1: could check out either YouTube Rumble or on Odyssey. This 59 00:03:38,350 --> 00:03:40,480 S1: is the total crypto market cap that you were talking 60 00:03:40,480 --> 00:03:44,260 S1: about right here, Trav. And in 2018, at the top 61 00:03:44,260 --> 00:03:48,190 S1: of the market, the crypto market cap got to 812 billion, 62 00:03:48,190 --> 00:03:52,720 S1: right up from well, it's 2017 about 80 billion. 63 00:03:52,720 --> 00:03:55,900 S4: And then I thought then Joel, then my my thought 64 00:03:55,900 --> 00:03:58,000 S4: was we're going to hit a trillion. And that was 65 00:03:58,000 --> 00:03:59,890 S4: probably going to be the top of that first one. 66 00:03:59,890 --> 00:04:02,440 S4: That's why. But then what was so crazy about that 67 00:04:02,440 --> 00:04:04,060 S4: one to me, Joe, if you actually even zoom in 68 00:04:04,060 --> 00:04:06,700 S4: on that one, is that bull market was so that 69 00:04:06,700 --> 00:04:10,119 S4: bear market was so harsh because what ended up happening 70 00:04:10,120 --> 00:04:14,950 S4: was it hit the high and then boom, that it 71 00:04:14,950 --> 00:04:17,440 S4: tanked right after that. Like if you go in and 72 00:04:17,440 --> 00:04:19,570 S4: look at that thing, just even scroll it over a 73 00:04:19,570 --> 00:04:25,450 S4: little bit. January of 2020, of 2018, it just went 74 00:04:25,779 --> 00:04:28,630 S4: it was down 40% before you know it. And then 75 00:04:28,630 --> 00:04:31,120 S4: I know that I got invited to speak at this 76 00:04:31,120 --> 00:04:36,250 S4: coin Coins bank cruise that went from Singapore to Malaysia 77 00:04:36,250 --> 00:04:39,880 S4: to Thailand, then back to Singapore. Then we it was 78 00:04:39,880 --> 00:04:43,030 S4: so crazy when we initially started this thing. It was 79 00:04:43,029 --> 00:04:45,760 S4: just so nuts because there weren't a lot of other podcasts, 80 00:04:45,760 --> 00:04:47,710 S4: and so people were inviting us all over the place. 81 00:04:47,710 --> 00:04:50,020 S4: We even got to go to Switzerland. So I literally 82 00:04:50,020 --> 00:04:52,510 S4: was on the beach one day in Switzerland, the next 83 00:04:52,510 --> 00:04:56,409 S4: day flying to or on the beach in Thailand with 84 00:04:56,410 --> 00:05:00,820 S4: the Singapore. Flew to Switzerland next day. Six feet of snow. Yeah, 85 00:05:00,820 --> 00:05:04,330 S4: like it was insane. And then the market, it just tanked, dude. 86 00:05:04,330 --> 00:05:07,810 S4: It went up and then boom, it was down 40% 87 00:05:07,810 --> 00:05:10,120 S4: before I could get back home to sell any cryptos. Right. 88 00:05:10,120 --> 00:05:13,120 S1: It was rough, you know, which is. And now if 89 00:05:13,120 --> 00:05:17,470 S1: we so forward to 2021, this space right here, we'll 90 00:05:17,470 --> 00:05:20,230 S1: just pick a 90 day or we'll go to the max. 91 00:05:20,230 --> 00:05:28,240 S1: But I'll pick from 2020 through. We'll say that's fine, 92 00:05:28,240 --> 00:05:36,000 S1: we'll go with 2021 and CoinGecko is not. Being supportive 93 00:05:36,000 --> 00:05:38,880 S1: of me right now. I'm just going to do that. 94 00:05:38,910 --> 00:05:42,300 S1: Shouldn't it be like when you click on these things should, like, 95 00:05:42,300 --> 00:05:45,599 S1: tell you exactly where where you want it? Yeah. There 96 00:05:45,600 --> 00:05:45,840 S1: you go. 97 00:05:46,050 --> 00:05:47,550 S4: Okay. That's kind of what you do. So. 98 00:05:47,760 --> 00:05:50,820 S1: So there you go. There's 2020. We got up to 99 00:05:50,820 --> 00:05:54,960 S1: three bill 3,000,000,000,050. Scroll back. 100 00:05:54,990 --> 00:05:56,940 S4: Take that. Left one down there on the volume. Move 101 00:05:56,940 --> 00:05:59,310 S4: it over to to the beginning of 2020. Because you 102 00:05:59,310 --> 00:06:04,650 S4: can see how Bitcoin tanked out in like March like 3000, 103 00:06:04,650 --> 00:06:07,140 S4: 3800 bucks or something. Bitcoin did. You can't really see 104 00:06:07,140 --> 00:06:09,270 S4: that coin on this particular chart. But look at that 105 00:06:09,270 --> 00:06:11,969 S4: run it went. What was the market cap in say 106 00:06:11,970 --> 00:06:12,930 S4: April of 20? 107 00:06:13,440 --> 00:06:16,950 S1: Uh, a market cap was 190 billion. And then it 108 00:06:16,950 --> 00:06:17,250 S1: went up. 109 00:06:17,250 --> 00:06:17,550 S4: To. 110 00:06:18,089 --> 00:06:23,640 S1: 3 trillion. And then it fell. So, you know, here's 111 00:06:23,640 --> 00:06:29,190 S1: what I learned through two bull markets is if you 112 00:06:29,190 --> 00:06:31,710 S1: want to take profits, you want to do it before 113 00:06:31,710 --> 00:06:35,820 S1: the market crashes. And so it's easy to get caught 114 00:06:35,820 --> 00:06:39,299 S1: up in the hype and the FOMO. And it's going higher. 115 00:06:39,300 --> 00:06:41,190 S1: It's going higher. You don't want to miss out on 116 00:06:41,190 --> 00:06:43,560 S1: those profits as it's going up. But I try to 117 00:06:43,560 --> 00:06:46,140 S1: peel off a little bit, just a little bit here, 118 00:06:46,140 --> 00:06:48,450 S1: put some profit, put it in the bank because as 119 00:06:48,450 --> 00:06:50,700 S1: I like to say, it never hurts to take profits. 120 00:06:50,700 --> 00:06:55,320 S1: And I did that in a small way. 2017 2018 121 00:06:55,620 --> 00:06:59,400 S1: really small because when when it crashed, I really felt it. 122 00:06:59,400 --> 00:07:04,770 S1: In 2021 20 to 2021, I did a little better 123 00:07:04,770 --> 00:07:08,279 S1: than I did the first time, but still not enough 124 00:07:08,279 --> 00:07:11,980 S1: to make me say I learned my lesson the first time. Yeah, 125 00:07:12,210 --> 00:07:16,170 S1: and even worse for NFTs, right? Because we had there 126 00:07:16,170 --> 00:07:19,410 S1: was NFTs that I could have sold for 1020 ETH, 127 00:07:19,410 --> 00:07:21,990 S1: you know, back at the boom that are now worth 128 00:07:21,990 --> 00:07:23,190 S1: 2 or 3. 129 00:07:24,150 --> 00:07:27,060 S4: Ouch. Yeah. And then the fact is that at that time, 130 00:07:27,060 --> 00:07:31,320 S4: ETH was worth so much more. Right. You're talking about 131 00:07:31,320 --> 00:07:37,260 S4: 3 to 5000 ETH at ten of those versus 1600 132 00:07:37,260 --> 00:07:39,750 S4: ETH and worth than 2 or 3. So, you know, 133 00:07:39,750 --> 00:07:42,810 S4: I do think that that is going forward is make 134 00:07:42,810 --> 00:07:45,030 S4: sure to peel profits off. The problem is, is that 135 00:07:45,030 --> 00:07:47,310 S4: when you get caught up in this game, it becomes 136 00:07:47,310 --> 00:07:49,920 S4: a little bit like it becomes a little bit like 137 00:07:49,920 --> 00:07:52,950 S4: gambling because you're like, oh man. Like, look at this 138 00:07:52,950 --> 00:07:55,320 S4: coin right here. It's like. And then remember I heard 139 00:07:55,320 --> 00:07:59,580 S4: news that Snoop Dogg was launching some stuff on gala music, 140 00:07:59,580 --> 00:08:03,750 S4: and the token price was like, you know, $0.30 or something. 141 00:08:03,750 --> 00:08:06,240 S4: I was like, oh, dude, like this with Snoop Dogg 142 00:08:06,240 --> 00:08:09,390 S4: coming over and releasing, you know, the return on Death 143 00:08:09,390 --> 00:08:12,390 S4: Row like that, this price, this price is going to 144 00:08:12,390 --> 00:08:15,570 S4: go and and then so I bought it, I sold 145 00:08:15,570 --> 00:08:17,340 S4: a bunch of other tokens and went in that and 146 00:08:17,340 --> 00:08:20,730 S4: that thing just tanked, dude. And I was like, oh man. 147 00:08:20,730 --> 00:08:23,520 S4: So it's almost like, you know, I think I did 148 00:08:23,520 --> 00:08:25,620 S4: pretty good along the way. But then there was a 149 00:08:25,620 --> 00:08:28,470 S4: couple of times where I just, I just aped in 150 00:08:28,470 --> 00:08:30,210 S4: on stuff that I shouldn't have aped in at a 151 00:08:30,210 --> 00:08:32,670 S4: time that I shouldn't have aped in on it. And 152 00:08:32,670 --> 00:08:35,130 S4: so it's like, that's what it is, is put that 153 00:08:35,130 --> 00:08:37,829 S4: over here. It's like if literally when some of these 154 00:08:37,830 --> 00:08:40,230 S4: coins were going, woosh! If I just take those out, 155 00:08:40,230 --> 00:08:42,090 S4: put them in the bitcoin, take those out, put them 156 00:08:42,090 --> 00:08:45,329 S4: in the bitcoin. That's what the maximalist would say to do. 157 00:08:45,330 --> 00:08:47,820 S4: Put everything you can in Bitcoin. Even if Bitcoin goes 158 00:08:47,820 --> 00:08:51,239 S4: to 70,000 goes down to 15,000 you still have that 159 00:08:51,240 --> 00:08:55,410 S4: bitcoin right. Bitcoin's a bitcoin. And so I think that 160 00:08:55,410 --> 00:08:57,900 S4: this time around is going to be interesting. I think 161 00:08:57,900 --> 00:09:00,150 S4: every time seems like it's a little a little more 162 00:09:00,150 --> 00:09:04,949 S4: unique because the 2017 one was struck with all those ICOs. 163 00:09:04,950 --> 00:09:06,600 S4: And so one of the only things you could really 164 00:09:06,600 --> 00:09:09,370 S4: do with your ETH at that time was buy in 165 00:09:09,370 --> 00:09:12,869 S4: the ICOs. Right? So it's like forced investments. Most of 166 00:09:12,870 --> 00:09:17,340 S4: those tanked 99 plus percent of those are not around anymore. 167 00:09:17,340 --> 00:09:19,949 S4: Just like James Altucher said back in the day, these 168 00:09:19,950 --> 00:09:22,469 S4: are all going to be scams. Don't buy into those. 169 00:09:22,470 --> 00:09:24,360 S4: I mean, we interviewed him really early on and he 170 00:09:24,360 --> 00:09:26,459 S4: said that and like, haha, yeah, whatever. 171 00:09:26,460 --> 00:09:28,770 S1: Do you think? Most of them were scams though? I 172 00:09:28,770 --> 00:09:30,060 S1: don't know. I don't think they're scams. 173 00:09:30,059 --> 00:09:33,030 S4: I just think that, you know, nine out of ten 174 00:09:33,030 --> 00:09:34,020 S4: startups fail. 175 00:09:34,020 --> 00:09:36,300 S1: Yeah, that's different than a scam though. Like, I want 176 00:09:36,300 --> 00:09:38,640 S1: to be real careful as we frame that they're scams 177 00:09:38,640 --> 00:09:40,860 S1: where people are there to raise money to take your 178 00:09:40,860 --> 00:09:42,929 S1: money and run off with it. I don't think that. 179 00:09:42,929 --> 00:09:45,060 S4: Was their intention. Most of their intention was not to 180 00:09:45,059 --> 00:09:49,140 S4: do that. But startups fail. But that's how the government 181 00:09:49,140 --> 00:09:51,030 S4: in Congress is kind of framing it. It was like, oh, 182 00:09:51,030 --> 00:09:53,040 S4: they're a scam. We got to protect you from your money. 183 00:09:53,040 --> 00:09:57,000 S4: It's almost like, no, they're startups. And most of them 184 00:09:57,000 --> 00:09:59,940 S4: fail because startups mostly fail, right? And that's just the 185 00:09:59,940 --> 00:10:02,699 S4: nature of the game. But it's been wild. And then 186 00:10:02,910 --> 00:10:07,770 S4: 2020 NFTs took off. Metaverse. Things were so hot. And 187 00:10:07,770 --> 00:10:10,949 S4: now here we are again. Eyes pretty hot, but we 188 00:10:10,950 --> 00:10:15,030 S4: didn't see any tokens really blow up right now. Yet 189 00:10:15,030 --> 00:10:18,490 S4: based on that. And now and now and now is 190 00:10:18,510 --> 00:10:18,959 S4: kind of you could. 191 00:10:18,960 --> 00:10:23,040 S1: Tell people because meme coins have been, you know, the 192 00:10:23,070 --> 00:10:25,890 S1: soup du jour. And I just don't want to play 193 00:10:25,890 --> 00:10:29,340 S1: in that because I don't want to gamble it personally. 194 00:10:29,340 --> 00:10:32,189 S1: I want to invest. I want to buy crypto and 195 00:10:32,190 --> 00:10:35,330 S1: tokens that I believe are going to have real world. Application. 196 00:10:35,330 --> 00:10:38,059 S1: I want to buy NFTs where I think there is 197 00:10:38,059 --> 00:10:42,620 S1: utility to them. But boy, that hype cycle was crazy. 198 00:10:42,620 --> 00:10:47,000 S1: And you know, we we only ever created collectibles. That 199 00:10:47,000 --> 00:10:50,720 S1: was that was the whole Mo for blockchain heroes is 200 00:10:50,720 --> 00:10:53,000 S1: you know, we never said there's going to be any utility. 201 00:10:53,000 --> 00:10:56,660 S1: We never made any promises of any value. We just said, hey, 202 00:10:56,660 --> 00:10:59,000 S1: here are these cool digital collectibles we like. 203 00:10:59,120 --> 00:10:59,540 S4: They're going to be. 204 00:10:59,540 --> 00:11:01,250 S1: Fun and they're going to be fun. 205 00:11:01,250 --> 00:11:03,590 S4: We're going to deliver delight along the way, which we did. 206 00:11:03,590 --> 00:11:08,120 S4: We added all kinds of utility with forging events and then, 207 00:11:08,120 --> 00:11:12,020 S4: you know, uploading these and transforming X amount of cards 208 00:11:12,020 --> 00:11:13,880 S4: into a new card. So it's like we've done a 209 00:11:13,880 --> 00:11:16,400 S4: lot of stuff to make it fun along the way. 210 00:11:16,910 --> 00:11:18,320 S4: And now there's a game. 211 00:11:18,320 --> 00:11:21,500 S1: Now there's a game. In fact, you know, this is 212 00:11:21,500 --> 00:11:25,310 S1: this was not something that was ever promised, ever offered. 213 00:11:25,309 --> 00:11:30,020 S1: And we've been working behind the scenes to create Blockchain 214 00:11:30,020 --> 00:11:34,190 S1: Heroes Blitz. If you are holding Blockchain Heroes cards from 215 00:11:34,190 --> 00:11:37,280 S1: the retro Rebellion series, the latest series, you can log 216 00:11:37,280 --> 00:11:41,179 S1: in with your wax cloud wallet. And by the time 217 00:11:41,179 --> 00:11:45,710 S1: this show comes out, the the tournament will be happening. 218 00:11:45,710 --> 00:11:49,489 S1: There's actually a tournament where you can win few tokens 219 00:11:49,490 --> 00:11:53,330 S1: playing this game. I don't know of anybody who has 220 00:11:53,330 --> 00:11:58,970 S1: out of the blue surprised and audience after not not 221 00:11:58,970 --> 00:12:02,719 S1: saying there's going to be any utility and then offered 222 00:12:03,020 --> 00:12:07,230 S1: said hey, guess what, we made just something right? And 223 00:12:07,230 --> 00:12:09,900 S1: we did. And here it is. And you can pick 224 00:12:09,900 --> 00:12:14,040 S1: from your your heroes and villains and they can fight 225 00:12:14,040 --> 00:12:16,860 S1: against one another. And it's a fun game. There's some 226 00:12:16,860 --> 00:12:17,069 S1: we need. 227 00:12:17,070 --> 00:12:18,630 S4: To play in one of these games, Joe, that could 228 00:12:18,630 --> 00:12:20,489 S4: be kind of fun. You and I, we could play 229 00:12:20,490 --> 00:12:21,179 S4: one of these. I'm not. Well. 230 00:12:21,510 --> 00:12:25,020 S1: You play it yourself. It's a solo game. You pick, 231 00:12:25,020 --> 00:12:27,240 S1: and then it's like you play against the computer. So 232 00:12:27,240 --> 00:12:29,460 S1: that way people can join any time. You don't have 233 00:12:29,460 --> 00:12:32,880 S1: to write for other people to come on. We did 234 00:12:32,880 --> 00:12:36,300 S1: it in partnership with who now has, I believe, five 235 00:12:36,300 --> 00:12:40,560 S1: games and you can earn token anyway. Go. 236 00:12:41,400 --> 00:12:42,960 S4: I mean, I'll tell you this, dude, these cards are 237 00:12:42,960 --> 00:12:46,679 S4: still so beautiful. I think that those retro rebellion cards 238 00:12:46,679 --> 00:12:51,210 S4: are potentially some of the most beautiful NFTs that have 239 00:12:51,210 --> 00:12:53,459 S4: been created, and they were on wax. And so I 240 00:12:53,460 --> 00:12:55,980 S4: don't think they got the popularity or the buzz that 241 00:12:55,980 --> 00:12:58,500 S4: they should have, because there's some freaking beautiful ones do 242 00:12:58,500 --> 00:13:00,660 S4: this animated. They have their own, they got their own 243 00:13:00,660 --> 00:13:04,710 S4: soundtrack and stuff. And it's just nicely done to to 244 00:13:04,710 --> 00:13:08,400 S4: Zach to to ideate those. And then the developers and 245 00:13:08,400 --> 00:13:10,590 S4: the coders and the animators, we had to help create 246 00:13:10,590 --> 00:13:11,520 S4: those beautiful. 247 00:13:11,520 --> 00:13:15,569 S1: You guys can go to Heroes Blitz and and go 248 00:13:15,570 --> 00:13:18,690 S1: check that out. So I've got the Bitcoin price and 249 00:13:18,690 --> 00:13:21,390 S1: chart up here. Just a time stamp. We're recording this 250 00:13:21,390 --> 00:13:24,590 S1: early because I'm going to be out of town and 251 00:13:24,600 --> 00:13:27,720 S1: Travis is going to be moving soon. So just a timestamp. 252 00:13:27,720 --> 00:13:30,270 S1: Save a frame of reference. Even though the show won't 253 00:13:30,270 --> 00:13:34,439 S1: launch until mid-October. It is the 4th of October, and 254 00:13:34,440 --> 00:13:38,610 S1: at this moment, Bitcoin is $27,584. And if we go 255 00:13:38,610 --> 00:13:41,460 S1: ahead and look at the look at that, the chart here, 256 00:13:41,610 --> 00:13:43,890 S1: I mean, this is this is where we were at 257 00:13:43,890 --> 00:13:48,059 S1: our peak about 60. I can't quite get it. Let 258 00:13:48,059 --> 00:13:50,340 S1: me see if I can zoom in so we can 259 00:13:50,340 --> 00:13:55,470 S1: get there. Looks like 60. This says 67 617 I 260 00:13:55,470 --> 00:13:58,020 S1: got up to 6969. Yeah. 261 00:13:58,020 --> 00:14:01,200 S4: 69 420 there we go. But actually, Joel, if you 262 00:14:01,200 --> 00:14:03,480 S4: scroll back out and you hit, hit, hit back out 263 00:14:03,480 --> 00:14:05,520 S4: just a little bit, the whole thing go back out 264 00:14:05,520 --> 00:14:08,579 S4: to so you can see the 2021 version. So you 265 00:14:08,580 --> 00:14:10,380 S4: look at that right there. You see that. So you 266 00:14:10,380 --> 00:14:12,510 S4: had the little pop right there. And then you see 267 00:14:12,510 --> 00:14:15,960 S4: this little bop right over here in like say July 268 00:14:15,960 --> 00:14:19,740 S4: August of 2019. So we're maybe in that right now 269 00:14:19,740 --> 00:14:21,540 S4: where it's going to go up. And then we can 270 00:14:21,540 --> 00:14:23,880 S4: see if it's going to follow that trend. Then it 271 00:14:23,880 --> 00:14:26,820 S4: went down. But that was because Covid hit and everything 272 00:14:26,820 --> 00:14:29,070 S4: went a little weird. So that could be a little 273 00:14:29,070 --> 00:14:31,950 S4: different than that. It could just take off on its 274 00:14:31,950 --> 00:14:34,500 S4: own and have its own path. I personally would love 275 00:14:34,500 --> 00:14:37,050 S4: to see it go down to about 20 grand before 276 00:14:37,050 --> 00:14:39,390 S4: it makes its big pop, because then I could snag 277 00:14:39,390 --> 00:14:42,930 S4: more once my home is sold. That's just personally, that's 278 00:14:42,930 --> 00:14:46,890 S4: just my own personal greed that's going go down about 279 00:14:47,220 --> 00:14:49,020 S4: 15,000 before. 280 00:14:49,230 --> 00:14:49,580 S1: Yeah. 281 00:14:49,590 --> 00:14:50,970 S4: So I'm saying. 282 00:14:50,970 --> 00:14:55,050 S1: The the having is coming in May of 2024. And 283 00:14:55,050 --> 00:14:59,220 S1: typically that is you know, the primary driving factor of 284 00:14:59,220 --> 00:15:03,390 S1: the value of Bitcoin is that as Bitcoin gets more 285 00:15:03,390 --> 00:15:07,380 S1: difficult to mine and there's fewer bitcoin that are being mined, 286 00:15:07,650 --> 00:15:10,920 S1: it becomes more scarce. Because remember there's only 21 million 287 00:15:11,130 --> 00:15:14,580 S1: of them ever. And you know to review if there's 288 00:15:14,580 --> 00:15:18,330 S1: 21 million bitcoin ever. We've not yet mined 20 million. 289 00:15:18,360 --> 00:15:21,990 S1: A million of them are in Satoshi's wallet or wallets. 290 00:15:21,990 --> 00:15:25,739 S1: Which brings us to 19. 4 million or more will 291 00:15:25,740 --> 00:15:29,640 S1: be conservative, are allegedly lost in wallets that will never 292 00:15:29,640 --> 00:15:32,280 S1: be found in a dump in Kansas City. And so 293 00:15:32,280 --> 00:15:34,860 S1: that brings us down to 15 million. You got to 294 00:15:34,860 --> 00:15:38,550 S1: figure at least 4 million are in strong hands. That 295 00:15:38,550 --> 00:15:42,480 S1: ain't never selling, right. They they are. They're locked down. 296 00:15:42,480 --> 00:15:45,750 S1: That takes us down to 11 million that, you know, 297 00:15:45,750 --> 00:15:49,200 S1: we got 8 billion people in the world. So you know, 298 00:15:49,200 --> 00:15:52,680 S1: do the math on that. That's a lot of people 299 00:15:52,680 --> 00:15:59,250 S1: that are going to be competing for a very scarce currency. Maybe. 300 00:15:59,850 --> 00:16:03,300 S4: Maybe, maybe so just just so you know. So the 301 00:16:03,300 --> 00:16:06,630 S4: time stamp on this episode is going to be coming 302 00:16:06,630 --> 00:16:12,600 S4: out the week of October 20th, right? So based based 303 00:16:12,600 --> 00:16:15,930 S4: on that, we are right about six months away from 304 00:16:15,930 --> 00:16:19,560 S4: the Bitcoin having 180 days. If you go look at 305 00:16:19,560 --> 00:16:23,040 S4: buy Bitcoin worldwide and take a look at the having, 306 00:16:23,040 --> 00:16:27,750 S4: we are about 180 days away from the having date. 307 00:16:28,050 --> 00:16:32,220 S4: They're saying the having date is going to be April 17th, 2024. 308 00:16:32,220 --> 00:16:35,400 S4: Based on based on right now, that's going to change 309 00:16:35,400 --> 00:16:36,900 S4: a little bit. It's going to move a few days 310 00:16:36,900 --> 00:16:40,590 S4: either way depending on how long sometimes some blocks are having. 311 00:16:40,590 --> 00:16:43,230 S4: But it looks like it's going to be about, you know, 312 00:16:43,230 --> 00:16:49,020 S4: 29,000 blocks or 27, something like that. Until the having. 313 00:16:49,020 --> 00:16:53,820 S4: Now remember, whenever the 2012 happened having happened, Bitcoin drop 314 00:16:53,820 --> 00:16:56,250 S4: every ten minutes, new bitcoins were dropped from 50 new 315 00:16:56,250 --> 00:17:01,120 S4: bitcoins to 25 Bitcoin 2016. It dropped again from 25 316 00:17:01,120 --> 00:17:05,040 S4: to 12.5. And then in May of 2020, it dropped 317 00:17:05,040 --> 00:17:10,740 S4: from 12.5 to 6.25. Now this 1 in 2024 on 318 00:17:10,740 --> 00:17:15,240 S4: April 17th and typically right about six months up until 319 00:17:15,240 --> 00:17:18,840 S4: that new, that new halving we start seeing live. So 320 00:17:18,840 --> 00:17:23,490 S4: we are seeing the beginnings most likely of Bitcoin doing 321 00:17:23,490 --> 00:17:25,740 S4: its thing. Now. It might drop a little bit before 322 00:17:25,740 --> 00:17:27,570 S4: it takes off a little bit. We're going to see. 323 00:17:27,570 --> 00:17:31,050 S4: But this is going to take the reward from 6.25 324 00:17:31,050 --> 00:17:37,530 S4: bitcoin per block to 3.125 bitcoin every block. Which means 325 00:17:37,530 --> 00:17:42,449 S4: Joe right that the cost of mining these bitcoins should increase. 326 00:17:42,450 --> 00:17:45,810 S4: And the cost and the value of bitcoin should increase. 327 00:17:45,810 --> 00:17:49,109 S4: Because these are deflationary in nature, the cost of doing 328 00:17:49,109 --> 00:17:51,750 S4: business should be much higher. So if it's going to 329 00:17:51,750 --> 00:17:55,230 S4: have then maybe we see, you know, if the top 330 00:17:55,230 --> 00:18:00,359 S4: was nearly 70,000, maybe we see 130, 140,000 as the 331 00:18:00,359 --> 00:18:03,630 S4: high of this next cycle potentially. Maybe that's a good gauge, 332 00:18:03,630 --> 00:18:04,229 S4: I don't know. 333 00:18:04,590 --> 00:18:09,240 S1: Well, you know, the years where the having happens is 334 00:18:09,240 --> 00:18:13,830 S1: traditionally at least what we've seen is something to be watched. 335 00:18:13,830 --> 00:18:17,129 S1: And the the years where it doesn't happen. That's a 336 00:18:17,130 --> 00:18:19,920 S1: have not. So you have the haves and the have nots, the. 337 00:18:19,920 --> 00:18:21,330 S4: Happenings and the have nots. 338 00:18:21,330 --> 00:18:26,040 S1: So in 2020, you're right, Covid set off a global 339 00:18:26,040 --> 00:18:29,460 S1: financial crisis, right? There was a lot of panic. And 340 00:18:29,460 --> 00:18:33,000 S1: so it certainly did not help crypto. Well, we have 341 00:18:33,000 --> 00:18:36,600 S1: some things that are happening now which could also impact 342 00:18:36,600 --> 00:18:41,070 S1: the value of Bitcoin. For one, we've got more adoption 343 00:18:41,070 --> 00:18:45,149 S1: happening by World Financial Services. And we have the SEC 344 00:18:45,150 --> 00:18:49,680 S1: saying that Bitcoin is not a security. And we have 345 00:18:49,680 --> 00:18:53,850 S1: Blackrock and the other, you know, evil overlords that run 346 00:18:53,850 --> 00:18:57,510 S1: the world that are looking you know grayscale is another 347 00:18:57,510 --> 00:19:00,960 S1: one that they're applying for their ETFs. And when that 348 00:19:00,960 --> 00:19:07,980 S1: happens that's going to give legitimacy to Bitcoin to a 349 00:19:07,980 --> 00:19:10,470 S1: lot of investors with a lot of money that will 350 00:19:10,470 --> 00:19:14,280 S1: go okay. Now this is being treated as an asset 351 00:19:14,280 --> 00:19:18,990 S1: class that I can have confidence in investing in. And 352 00:19:18,990 --> 00:19:22,859 S1: so you know what what happens there when these ETFs 353 00:19:22,859 --> 00:19:24,240 S1: finally get approved. 354 00:19:25,460 --> 00:19:28,580 S4: That's going to be remain to be seen because, you know, 355 00:19:28,580 --> 00:19:30,770 S4: how are they going to actually have it set up? 356 00:19:30,770 --> 00:19:32,000 S4: Are they going to be people are going to be 357 00:19:32,000 --> 00:19:34,459 S4: able to go in and buy a bunch of Bitcoin 358 00:19:34,460 --> 00:19:38,510 S4: paper Bitcoin. That's not even actually bitcoin, because if that's 359 00:19:38,510 --> 00:19:42,230 S4: the case, that could suppress the price of the overall 360 00:19:42,230 --> 00:19:45,710 S4: bitcoin because people are buying into Bitcoin that doesn't technically exist. 361 00:19:45,710 --> 00:19:49,100 S4: I think that's their goal. But if you look at this, 362 00:19:49,130 --> 00:19:52,970 S4: if you're Blackrock and you hold one, you hold $10 363 00:19:52,970 --> 00:19:58,250 S4: trillion worth of assets, bro. Crypto all of cryptos 1.1 trillion. 364 00:19:58,250 --> 00:20:00,680 S4: Right now Blackrock could come in and buy up all 365 00:20:00,680 --> 00:20:02,929 S4: of it. Everything that's available. They could come in and 366 00:20:02,930 --> 00:20:06,530 S4: buy and sort of shut down some of these things 367 00:20:06,530 --> 00:20:08,720 S4: over as they become available to buy. Boom. They buy them. 368 00:20:08,720 --> 00:20:10,669 S4: They're going to shut. They could shut it down. That's 369 00:20:10,670 --> 00:20:12,889 S4: weird to me, but I don't think that's going to happen. 370 00:20:12,890 --> 00:20:16,220 S4: I think that this bull run will probably take us 371 00:20:16,220 --> 00:20:20,270 S4: up over $5 trillion total in the market cap, hopefully, 372 00:20:20,720 --> 00:20:23,389 S4: and then maybe even closer to 10 trillion, because we 373 00:20:23,390 --> 00:20:26,239 S4: can't have one entity being able to come in and 374 00:20:26,240 --> 00:20:29,869 S4: move markets so efficiently like that. The ETF is going 375 00:20:29,869 --> 00:20:31,610 S4: to be a little different on how they're doing that 376 00:20:31,609 --> 00:20:34,580 S4: exchange traded fund and how they're going to build that out. 377 00:20:35,300 --> 00:20:38,540 S4: I know that paper, paper silver is no good. There's 378 00:20:38,540 --> 00:20:42,470 S4: like what, 500oz of silver for every one ounce of 379 00:20:42,470 --> 00:20:45,379 S4: silver or it's 500oz of gold. One of the two, 380 00:20:45,380 --> 00:20:49,220 S4: I don't remember which one is which, but there's 250 381 00:20:49,220 --> 00:20:52,550 S4: times as much fake paper, gold or silver. And the 382 00:20:52,550 --> 00:20:55,400 S4: other one is 500 times fake gold, whichever one it is, 383 00:20:55,400 --> 00:20:58,130 S4: I don't remember. So if they start saying, hey, there's 384 00:20:58,130 --> 00:21:01,189 S4: 500 times fake Bitcoin, and then now all of a 385 00:21:01,190 --> 00:21:05,000 S4: sudden we have, you know, a billion bitcoin that people 386 00:21:05,000 --> 00:21:07,430 S4: are able to buy even though it doesn't exist. That's 387 00:21:07,430 --> 00:21:08,990 S4: going to be weird. So you don't want to make 388 00:21:08,990 --> 00:21:11,420 S4: sure that you have your real Bitcoin in your own 389 00:21:11,420 --> 00:21:14,090 S4: real wallet that you have your own real keys to. 390 00:21:14,119 --> 00:21:17,900 S4: Because if you're relying on, you know, fidelity or Blackrock 391 00:21:17,900 --> 00:21:20,780 S4: or anybody else holding your Bitcoin for you and your 392 00:21:20,780 --> 00:21:24,500 S4: retirement fund because you don't understand it, you're probably dealing 393 00:21:24,500 --> 00:21:25,850 S4: with phantom bitcoin well. 394 00:21:25,850 --> 00:21:29,990 S1: And that seems like the remedy to to having this 395 00:21:30,290 --> 00:21:32,780 S1: scenario happen is that when you go and you buy 396 00:21:32,780 --> 00:21:35,990 S1: your bitcoin through one of these brokerage houses, that you 397 00:21:35,990 --> 00:21:38,780 S1: withdraw it and put it on, you know, your own 398 00:21:38,780 --> 00:21:42,950 S1: ledger or, you know, Trezor or paper wallet or whatever, 399 00:21:42,950 --> 00:21:46,100 S1: that you are holding the keys and that you are 400 00:21:46,100 --> 00:21:49,100 S1: the custodian of it. Not only is it dangerous to 401 00:21:49,100 --> 00:21:52,790 S1: have them hold it because, you know, they can create, 402 00:21:52,820 --> 00:21:56,630 S1: they can print fake bitcoin that's not there to sell 403 00:21:56,630 --> 00:21:59,690 S1: and they just profit on. But also let's say this 404 00:21:59,690 --> 00:22:03,710 S1: social credit score system comes to us, you know, as 405 00:22:03,710 --> 00:22:06,050 S1: it is they can freeze your bank accounts now. Well 406 00:22:06,050 --> 00:22:09,920 S1: why couldn't they freeze your your crypto account through, you know, 407 00:22:09,920 --> 00:22:13,699 S1: a major brokerage house? They could. And so this is 408 00:22:13,700 --> 00:22:17,030 S1: why self custody and the spirit of bitcoin the intent 409 00:22:17,030 --> 00:22:19,940 S1: of it for you to be your own bank, be 410 00:22:19,940 --> 00:22:20,570 S1: your own bank. 411 00:22:20,570 --> 00:22:22,190 S5: Because yeah. 412 00:22:22,369 --> 00:22:25,190 S4: Yeah. You don't own your own crypto keys. You don't 413 00:22:25,220 --> 00:22:28,310 S4: own your crypto. We've been talking about that for the 414 00:22:28,310 --> 00:22:31,790 S4: longest time. And I think it's more relevant than now. 415 00:22:31,790 --> 00:22:35,840 S4: Now investment strategies moving forward I would say again, we're 416 00:22:35,840 --> 00:22:39,770 S4: not financial advisors, but I would say that what we've 417 00:22:39,770 --> 00:22:44,420 S4: learned from the previous two bull runs is that, you know, 418 00:22:44,420 --> 00:22:47,959 S4: peel off some profits, put some into Bitcoin, most likely 419 00:22:47,960 --> 00:22:49,880 S4: a pretty good idea if you want to gamble on 420 00:22:49,880 --> 00:22:52,129 S4: some of these coins that are irks and some of 421 00:22:52,130 --> 00:22:56,180 S4: these other, you know, different cryptos, feel free whichever ones 422 00:22:56,180 --> 00:22:58,250 S4: you think are the maybe the best ones. We've interviewed 423 00:22:58,250 --> 00:23:01,460 S4: a lot of them on the show, right? Go ahead. 424 00:23:01,460 --> 00:23:05,900 S4: But always think about building up your satoshis because long 425 00:23:05,900 --> 00:23:10,399 S4: term it's beginning to look a lot like not Christmas. 426 00:23:10,400 --> 00:23:13,189 S4: It's not. It's beginning to look a lot like potentially 427 00:23:13,190 --> 00:23:16,520 S4: Bitcoin could become the world reserve currency down the road. Right. 428 00:23:16,520 --> 00:23:20,240 S4: More countries are utilizing it. You know companies or countries 429 00:23:20,240 --> 00:23:25,990 S4: are saying hey this is an official non favorable currency right. 430 00:23:26,000 --> 00:23:28,700 S4: Or whatever, whatever the term that China said we mentioned 431 00:23:28,700 --> 00:23:31,340 S4: a couple of weeks ago it was a non replicable 432 00:23:31,790 --> 00:23:35,239 S4: token or something right. Not non-fungible non replicable. Like you 433 00:23:35,240 --> 00:23:38,000 S4: can't create it out of thin air. And so this 434 00:23:38,000 --> 00:23:40,520 S4: is a real thing. And so as more you know 435 00:23:40,520 --> 00:23:44,449 S4: more countries around the world start adding validity to Bitcoin. 436 00:23:44,450 --> 00:23:47,510 S4: Bitcoin's the clear winner on this thing for now. Right. 437 00:23:47,510 --> 00:23:49,790 S4: And there's other companies and projects that are building stuff. 438 00:23:49,790 --> 00:23:52,250 S4: But if you have a headquarters and you have a 439 00:23:52,250 --> 00:23:55,370 S4: CEO and you have an effervescent founder that's out there 440 00:23:55,369 --> 00:23:58,310 S4: talking about it, it's not as decentralized as you would 441 00:23:58,310 --> 00:24:00,830 S4: like it to be. Whereas Bitcoin has none of those. Right? 442 00:24:00,830 --> 00:24:03,560 S1: Effervescent founders, I like that. It reminds me of like 443 00:24:03,560 --> 00:24:05,090 S1: Alka-Seltzer or something. 444 00:24:05,150 --> 00:24:06,740 S4: It's kind of what it is. They're out there chatting 445 00:24:06,740 --> 00:24:09,140 S4: rah rah rah, buy my bitcoin here. 446 00:24:09,140 --> 00:24:12,710 S1: Here's my strategy. And of course you all are smart 447 00:24:12,710 --> 00:24:15,200 S1: enough to go do your own due diligence and figure 448 00:24:15,200 --> 00:24:17,840 S1: this stuff out. Don't do anything just because we're doing 449 00:24:17,840 --> 00:24:19,820 S1: it or because you heard it on the show. Figure 450 00:24:19,820 --> 00:24:25,640 S1: it out. So my strategy has been during this down. Market. 451 00:24:25,940 --> 00:24:30,170 S1: I've been selling some of my NFTs for cryptos that 452 00:24:30,170 --> 00:24:32,870 S1: I think are at a low. For example, wax is 453 00:24:32,869 --> 00:24:36,800 S1: like $0.04 right now. The wax is lower now than 454 00:24:36,800 --> 00:24:40,970 S1: when we sold the first Blockchain Hero series in 2020. 455 00:24:40,970 --> 00:24:43,240 S1: It was at they were five five. It was five. Wow. 456 00:24:43,250 --> 00:24:49,520 S1: So so right now I'm selling some NFTs on wax 457 00:24:50,030 --> 00:24:53,720 S1: for less than I bought them for, but more wax 458 00:24:53,720 --> 00:24:56,150 S1: than I bought them for because I might have bought them, 459 00:24:56,150 --> 00:25:00,050 S1: you know, for a hundred wax when wax was, you know, $0.50. 460 00:25:00,050 --> 00:25:04,310 S1: But now I can sell it for 500 wax. And 461 00:25:04,310 --> 00:25:10,580 S1: I'm my wager. My calculated risk is that that wax, 462 00:25:10,580 --> 00:25:14,210 S1: if wax does indeed go up again, and I'm I'm 463 00:25:14,210 --> 00:25:18,140 S1: hoping that blockchain does succeed, then the value of that 464 00:25:18,140 --> 00:25:21,620 S1: wax will be more than the value of the NFT. 465 00:25:21,619 --> 00:25:23,360 S1: In other words, I don't think the NFT is going 466 00:25:23,359 --> 00:25:26,300 S1: to increase in the same value as the value of 467 00:25:26,300 --> 00:25:27,920 S1: the token, right? 468 00:25:27,920 --> 00:25:30,109 S4: Better a good idea to stack some of that wax, baby, 469 00:25:30,440 --> 00:25:31,609 S4: if you can. If. 470 00:25:31,670 --> 00:25:33,800 S1: Yeah, well, if if wax can pull it off. They're 471 00:25:33,800 --> 00:25:36,470 S1: making a lot of moves. There's some really interesting things happening. 472 00:25:36,470 --> 00:25:39,410 S1: If you're not paying attention to the partnerships they're forming. 473 00:25:40,040 --> 00:25:43,670 S1: There's alliances happening between blockchains. And I don't know what's 474 00:25:43,670 --> 00:25:46,400 S1: been publicly announced yet. So I'm not going to say 475 00:25:46,400 --> 00:25:50,060 S1: anything here in this recording that would violate any trust 476 00:25:50,060 --> 00:25:53,120 S1: that's been put on me. Because, as you know, Travis 477 00:25:53,119 --> 00:25:56,179 S1: and I have been on the Wax Advisory Council and 478 00:25:56,300 --> 00:25:59,540 S1: we get to hear some things and we don't want 479 00:25:59,540 --> 00:25:59,980 S1: to do that. 480 00:26:00,020 --> 00:26:02,359 S4: And a bag of chips gets you a bag of chips. 481 00:26:02,690 --> 00:26:07,160 S1: Yeah, pretty much pretty much. But they're great people. And 482 00:26:07,160 --> 00:26:10,700 S1: we we think that there's opportunity there. And then my 483 00:26:10,700 --> 00:26:15,800 S1: my strategy for for bitcoin is in crypto is I'm 484 00:26:15,800 --> 00:26:18,470 S1: looking at the market now after six years of being 485 00:26:18,470 --> 00:26:21,619 S1: involved in this six and a half and going look, 486 00:26:21,830 --> 00:26:26,450 S1: if token X fails it has no bearing on whether 487 00:26:26,450 --> 00:26:30,020 S1: or not Bitcoin fails. But if Bitcoin fails, all the 488 00:26:30,020 --> 00:26:33,830 S1: other tokens are likely to fail as well. So what 489 00:26:33,830 --> 00:26:37,070 S1: is the most reliable investment that you can make? So 490 00:26:37,100 --> 00:26:40,879 S1: I think maybe I'm maturing and growing in my investment 491 00:26:40,880 --> 00:26:44,540 S1: strategy and starting to listen more to those who have 492 00:26:44,540 --> 00:26:48,109 S1: been purists on the show saying, right, buy bitcoin. 493 00:26:48,540 --> 00:26:49,820 S4: Coin, buy bitcoin, buy Bitcoin. 494 00:26:49,820 --> 00:26:50,419 S1: Yeah. 495 00:26:50,420 --> 00:26:52,460 S4: And the thing is, is like Bitcoin is not going 496 00:26:52,460 --> 00:26:54,770 S4: to you know, you're not going to have Bitcoin going 497 00:26:54,770 --> 00:26:58,100 S4: 100 X right. Those days are done. Bitcoin has gone 498 00:26:58,100 --> 00:27:00,830 S4: up I don't even know that. It's like a million 499 00:27:01,100 --> 00:27:03,770 S4: or something stupid since the early days. So if you 500 00:27:03,770 --> 00:27:06,560 S4: got in bitcoin early you do not ever have to 501 00:27:06,560 --> 00:27:09,540 S4: worry about dinero again. Because if you got in that 502 00:27:09,540 --> 00:27:12,380 S4: shit under 100 bucks or under 500 bucks, and here 503 00:27:12,380 --> 00:27:15,740 S4: we are at 20, 30,000 bucks and maybe going to 504 00:27:15,740 --> 00:27:18,530 S4: hit 100,000 bucks. You're doing good. But so that's why 505 00:27:18,530 --> 00:27:21,080 S4: I do think that it makes sense to peel off 506 00:27:21,080 --> 00:27:23,719 S4: some to put it in the bitcoin. Maybe have a 507 00:27:23,720 --> 00:27:26,060 S4: percentage of that that you're gambling on some of these 508 00:27:26,060 --> 00:27:28,520 S4: cryptos that you think might be good technologies down the 509 00:27:28,520 --> 00:27:31,100 S4: road because you got good leadership, you got people that 510 00:27:31,100 --> 00:27:34,100 S4: you like behind it, checking out the market sentiment about those. 511 00:27:34,100 --> 00:27:38,780 S4: Because as Bitcoin goes historically, Ethereum goes, the rest of 512 00:27:38,780 --> 00:27:42,590 S4: them go. Bitcoin doesn't normally have more than 50% of 513 00:27:42,590 --> 00:27:46,790 S4: the overall value of the crypto market. I think it's 514 00:27:46,790 --> 00:27:49,850 S4: sitting at like 45, 46%, something like that right now. 515 00:27:49,850 --> 00:27:52,910 S4: And so typically it'll get a little bit lower as 516 00:27:52,910 --> 00:27:55,160 S4: some of the markets as some of the other cryptos 517 00:27:55,160 --> 00:27:57,860 S4: start taking off and those in the top 50, there's 518 00:27:57,859 --> 00:27:59,510 S4: going to be some really big ones in the top 519 00:27:59,510 --> 00:28:02,900 S4: 50 that go 2050 x. There's no doubt about it. 520 00:28:02,900 --> 00:28:05,090 S4: But picking the right ones can be hard. Don't put 521 00:28:05,090 --> 00:28:07,910 S4: all your eggs in one basket. I've done that before. 522 00:28:07,910 --> 00:28:10,820 S4: That tanks that that tanks or stuff that tanks your basket. 523 00:28:11,450 --> 00:28:13,550 S4: But I do think that, you know, selling my home 524 00:28:13,550 --> 00:28:15,410 S4: right now is a good time because I can take 525 00:28:15,410 --> 00:28:18,200 S4: that and get into some cryptos and, and have that I, 526 00:28:18,200 --> 00:28:21,679 S4: that I do tend to enjoy and also taking some 527 00:28:21,680 --> 00:28:23,899 S4: of that out and building a new startup that I'm 528 00:28:23,900 --> 00:28:26,390 S4: working on. So this is fun. It's like I think that, 529 00:28:26,390 --> 00:28:29,540 S4: you know, crypto has been a really wild ride. We've 530 00:28:29,540 --> 00:28:32,390 S4: we've we've seen the ups, we've seen the downs. And 531 00:28:32,390 --> 00:28:34,820 S4: I think we're about to see another big up. But 532 00:28:34,820 --> 00:28:37,070 S4: then again, it's I also think that we're in such 533 00:28:37,070 --> 00:28:40,100 S4: an interesting time now, Joel, with the economy kind of 534 00:28:40,100 --> 00:28:43,220 S4: teetering and some of these world economies doing weird stuff 535 00:28:43,220 --> 00:28:46,400 S4: right now and just like, man, if that's the case, 536 00:28:46,400 --> 00:28:48,110 S4: if some of those things tank, you want to actually 537 00:28:48,110 --> 00:28:51,500 S4: be in some Bitcoin because, I mean, you can't carry 538 00:28:51,500 --> 00:28:54,860 S4: over $10,000 or more worth of gold. That's only five 539 00:28:54,860 --> 00:28:57,560 S4: gold coins at this point, right? If you go across 540 00:28:57,560 --> 00:29:00,410 S4: state borders or country borders, the only thing you could 541 00:29:00,410 --> 00:29:03,530 S4: really do is have crypto in an encrypted wallet, and 542 00:29:03,530 --> 00:29:06,800 S4: you could go with a few million dollars if you're lucky. So, 543 00:29:06,800 --> 00:29:08,990 S4: you know, I think that having crypto at this point 544 00:29:08,990 --> 00:29:11,300 S4: is a no brainer. Picking the right ones can be 545 00:29:11,300 --> 00:29:13,730 S4: a little difficult, but as always, probably a good idea 546 00:29:13,730 --> 00:29:16,040 S4: to grab some bitcoin. Not financial advice, but if you're 547 00:29:16,040 --> 00:29:18,140 S4: tuning in to this, you know how it is. You 548 00:29:18,140 --> 00:29:19,670 S4: got to do your own research and figure out what 549 00:29:19,670 --> 00:29:22,520 S4: makes the most sense to you, because there is no 550 00:29:22,520 --> 00:29:24,350 S4: silver bullet. We're going to say, hey, do this. You're 551 00:29:24,350 --> 00:29:26,420 S4: going to be a. We never tell you any of that. 552 00:29:26,420 --> 00:29:28,040 S4: We never. You're not going to make money. Listen to 553 00:29:28,040 --> 00:29:29,780 S4: our show. You're going to just research it and find 554 00:29:29,780 --> 00:29:32,150 S4: it on your own and be like, oh, silly rabbit. 555 00:29:32,450 --> 00:29:35,120 S1: Silver bullets are for killing vampires. That's what we do 556 00:29:35,120 --> 00:29:39,110 S1: with those. So, you know, the strategy for the coins 557 00:29:39,110 --> 00:29:41,900 S1: that are in the tank is. Well, I'm holding them. 558 00:29:41,900 --> 00:29:45,350 S1: If the project is still alive and they're, you know, trying, 559 00:29:45,350 --> 00:29:49,220 S1: they're plodding along, trying to survive the bear market. Well, 560 00:29:49,220 --> 00:29:51,470 S1: I'm going to hold some tokens, and I'm going to 561 00:29:51,470 --> 00:29:55,040 S1: wait until. Because when Bitcoin goes up in the market's back, 562 00:29:55,040 --> 00:30:00,200 S1: invariably many of those tokens will also rise along with them. 563 00:30:00,200 --> 00:30:02,870 S1: And same thing with these NFTs. You know, I bought 564 00:30:02,870 --> 00:30:07,100 S1: a mutant ape and it's probably it's probably survive the 565 00:30:07,100 --> 00:30:09,320 S1: best out of all of them. But there's a lot 566 00:30:09,320 --> 00:30:13,580 S1: of NFTs I have that have not kept value at all. 567 00:30:13,580 --> 00:30:16,340 S1: And as long as the project is alive, why get 568 00:30:16,340 --> 00:30:19,040 S1: out now? You know the market's going to come back. 569 00:30:19,040 --> 00:30:22,970 S1: There is going to be another wave of excitement around 570 00:30:22,970 --> 00:30:26,690 S1: NFTs as we move towards mainstream. And I remember building 571 00:30:26,690 --> 00:30:30,500 S1: websites in the late 90s, and then the market collapsed 572 00:30:30,500 --> 00:30:33,620 S1: in 2000, and people were writing articles that say, oh, 573 00:30:33,800 --> 00:30:37,190 S1: the internet's over and e-commerce is over. And for four 574 00:30:37,190 --> 00:30:40,280 S1: years I hung in there and I kept building, and 575 00:30:40,280 --> 00:30:42,980 S1: I kept looking for ways to monetize as I'm growing 576 00:30:42,980 --> 00:30:48,860 S1: my content. In 2004, four years later, it started coming back. 577 00:30:48,860 --> 00:30:51,650 S1: And now look what happened. Bigger than ever. The internet 578 00:30:51,650 --> 00:30:55,730 S1: is ubiquitous, and sticking with it was, you know, clearly 579 00:30:55,730 --> 00:30:58,100 S1: the thing to do. And this is what's going to happen. 580 00:30:58,100 --> 00:31:02,450 S1: I believe with crypto and NFTs, adoption moves on. 581 00:31:02,750 --> 00:31:06,230 S4: Web one, right. It kind of crashed at the end 582 00:31:06,230 --> 00:31:09,710 S4: of the year 2000, 1999, 2000, the big Tech bubble 583 00:31:09,710 --> 00:31:12,770 S4: web one was kind of done. And then the grumblings 584 00:31:12,770 --> 00:31:14,510 S4: of web two were beginning. Right. 585 00:31:14,510 --> 00:31:15,830 S1: And grumblings. 586 00:31:15,830 --> 00:31:19,670 S4: Yeah, grumblings and rumblings and, you know, see which ones 587 00:31:19,670 --> 00:31:21,020 S4: we're going to, which ones were going to be the winners. 588 00:31:21,020 --> 00:31:25,850 S4: I remember going to San Francisco in 2007 to the 589 00:31:25,850 --> 00:31:29,000 S4: web two Expo, and just seeing all that was Twitter 590 00:31:29,000 --> 00:31:32,450 S4: was brand new. You know, YouTube had just been acquired 591 00:31:32,450 --> 00:31:35,870 S4: by Google and, you know, like, oh man, these for 592 00:31:35,870 --> 00:31:39,440 S4: $1.6 billion. Like, how much is YouTube worth at this point? 593 00:31:39,440 --> 00:31:41,540 S4: You knew YouTube was going to be worth so much. 594 00:31:41,540 --> 00:31:44,780 S4: Now they even got YouTube TV. You can watch and 595 00:31:44,780 --> 00:31:47,120 S4: I can see my Kansas City stuff, my news stop, 596 00:31:47,300 --> 00:31:49,910 S4: and they're showing me Kansas City ads. It's like you 597 00:31:49,910 --> 00:31:51,500 S4: knew they were going to do that. You knew that 598 00:31:51,500 --> 00:31:54,590 S4: stuff was coming. And web two and here we are 599 00:31:54,590 --> 00:31:57,350 S4: at The beginnings, and we've got some rumbling grumblings of 600 00:31:57,350 --> 00:32:00,050 S4: web three. People are starting to build stuff. And I 601 00:32:00,050 --> 00:32:02,780 S4: think that as this thing moves forward, I really think 602 00:32:02,780 --> 00:32:08,150 S4: we're going to see a big shift with stuff. Joel, 603 00:32:08,150 --> 00:32:10,970 S4: I think moving forward is going to be way bigger 604 00:32:10,970 --> 00:32:14,450 S4: than VR. And I think when Apple drops their Vision 605 00:32:14,450 --> 00:32:17,540 S4: Pro and because they have it, so you can actually 606 00:32:17,540 --> 00:32:19,400 S4: see through. So they have cameras on the outside that's 607 00:32:19,400 --> 00:32:21,950 S4: video and what you're seeing out there. So you're seeing 608 00:32:21,950 --> 00:32:23,540 S4: it in here. And then you can see stuff on 609 00:32:23,540 --> 00:32:25,940 S4: top of it. And now quest has come out with 610 00:32:25,940 --> 00:32:28,430 S4: their they're coming out with their quest three. That's going 611 00:32:28,430 --> 00:32:30,860 S4: to allow you to see through more. And that's going 612 00:32:30,860 --> 00:32:33,290 S4: to be huge because then you can start putting actions 613 00:32:33,290 --> 00:32:36,410 S4: and animations on top of real world things. And that 614 00:32:36,410 --> 00:32:40,850 S4: reminds me of the company Vadim's VA Tom s right, 615 00:32:40,850 --> 00:32:43,310 S4: they would block V originally back in the bull run 616 00:32:43,310 --> 00:32:47,780 S4: of 2017. They're still building right. And they're creating these 617 00:32:47,780 --> 00:32:52,490 S4: little virtual, you know, things that's popping up in the world. 618 00:32:52,490 --> 00:32:55,760 S4: And so I think their time will come eventually as well. 619 00:32:55,760 --> 00:32:57,800 S4: I'm kind of hoping that their time comes or some 620 00:32:57,800 --> 00:33:02,870 S4: technology like that, because the the merger between the physical 621 00:33:02,870 --> 00:33:06,290 S4: world and the digital world through your AR lenses is 622 00:33:06,290 --> 00:33:09,080 S4: going to be another game changer. And I think that's 623 00:33:09,080 --> 00:33:10,940 S4: going to be a fun thing to watch. And then 624 00:33:10,940 --> 00:33:15,830 S4: being able to use AI to create new landscapes in 625 00:33:15,830 --> 00:33:19,010 S4: AR and VR just by typing it or telling it 626 00:33:19,010 --> 00:33:21,740 S4: what you want to create it like, we're really close 627 00:33:21,740 --> 00:33:23,390 S4: to Star Trek shit, Joel. 628 00:33:24,350 --> 00:33:27,050 S1: Are we going to be Borg? You will be assimilated. 629 00:33:27,050 --> 00:33:28,610 S1: Be part of the collective. 630 00:33:28,730 --> 00:33:30,980 S4: You will be part of the authoritarian. Hey, you. 631 00:33:30,980 --> 00:33:35,480 S1: Know, we started this show not knowing, not being experts 632 00:33:35,480 --> 00:33:37,820 S1: in wanting to learn from people smarter than us. Turns 633 00:33:37,820 --> 00:33:40,520 S1: out we've learned a little bit along the way, but 634 00:33:40,520 --> 00:33:43,010 S1: we're still learning. It's still a journey. We're glad that 635 00:33:43,010 --> 00:33:45,860 S1: you guys are here with us on this journey. And 636 00:33:45,860 --> 00:33:47,690 S1: for those of you who are not in the bad 637 00:33:47,690 --> 00:33:51,440 S1: crypto nifty club, we mint NFTs and we are dropping 638 00:33:51,440 --> 00:33:54,500 S1: them many times for free. And if you go to 639 00:33:54,800 --> 00:33:58,970 S1: what is the what was the uncut dot network forward 640 00:33:58,970 --> 00:34:00,020 S1: slash no. 641 00:34:00,020 --> 00:34:03,650 S4: Bad crypto dot uncut dot network. 642 00:34:03,890 --> 00:34:04,280 S1: Yeah. 643 00:34:04,400 --> 00:34:07,430 S4: Or you can do.fm either one. Both of them were.fm. 644 00:34:07,430 --> 00:34:09,230 S4: We're back crypto their network. 645 00:34:09,350 --> 00:34:11,150 S1: We'll get you there and get the bad crypto nifty 646 00:34:11,150 --> 00:34:12,980 S1: club NFT. It's like three bucks and we're going to 647 00:34:12,980 --> 00:34:15,290 S1: airdrop stuff to you. We've already done a bunch of them. 648 00:34:15,290 --> 00:34:16,340 S1: And I think Travis, you were. 649 00:34:16,550 --> 00:34:19,009 S4: Almost 50 or something. Haven't we've done like 40 or 50. 650 00:34:19,610 --> 00:34:20,750 S4: We've dropped to people. Yeah. 651 00:34:20,750 --> 00:34:23,450 S1: This picture that you've created behind you, I think you're 652 00:34:23,450 --> 00:34:24,430 S1: going to mess with it a little bit. 653 00:34:24,540 --> 00:34:25,589 S5: More like I want. 654 00:34:25,590 --> 00:34:27,330 S4: To animate it, I think I want to animate it 655 00:34:27,330 --> 00:34:29,130 S4: and do something cool with it. So the so the 656 00:34:29,130 --> 00:34:30,210 S4: bitcoin sort of exploded. 657 00:34:30,360 --> 00:34:33,000 S1: Out of the way for a second. Let's see. Oh yeah. 658 00:34:33,000 --> 00:34:33,960 S1: That looks badass. 659 00:34:33,989 --> 00:34:35,489 S4: How about I just move me. There we go. 660 00:34:35,489 --> 00:34:38,280 S1: Oh yeah. So we're going Travis is going to work 661 00:34:38,280 --> 00:34:40,169 S1: on this. And this is going to be an NFT 662 00:34:40,170 --> 00:34:43,620 S1: that we drop to everybody who's holding the bad crypto 663 00:34:43,620 --> 00:34:49,020 S1: nifty club NFT, bad crypto Dot uncut network. Look for 664 00:34:49,020 --> 00:34:51,450 S1: the spinny red NFT. Like I say, it's about three 665 00:34:51,450 --> 00:34:54,810 S1: bucks and it's only we're only selling it to keep 666 00:34:54,810 --> 00:34:57,299 S1: bots from claiming them, because if they're free, we don't 667 00:34:57,300 --> 00:35:00,330 S1: want to be air dropping to to losers. 668 00:35:00,330 --> 00:35:02,730 S4: Only when I say I say kiss my bots. 669 00:35:02,730 --> 00:35:03,780 S5: Yeah, I say. 670 00:35:04,590 --> 00:35:05,280 S4: I don't say that. 671 00:35:05,400 --> 00:35:08,190 S1: So here's here's my last prediction. Kind of for the 672 00:35:08,190 --> 00:35:11,609 S1: future is that there will be an episode 701 coming 673 00:35:11,610 --> 00:35:13,169 S1: soon to your ear holes. 674 00:35:14,300 --> 00:35:16,490 S4: Right on. We're going to keep trucking until we no 675 00:35:16,489 --> 00:35:17,509 S4: longer are trucking. 676 00:35:17,719 --> 00:35:19,040 S1: So there's no more trucks. 677 00:35:19,250 --> 00:35:22,190 S4: So we're done. So we're done with that. But we 678 00:35:22,190 --> 00:35:24,440 S4: appreciate you all for tuning in, man. You know, we 679 00:35:24,440 --> 00:35:26,510 S4: got so many great fans that have tuned in. I 680 00:35:26,510 --> 00:35:29,330 S4: have you know, I've encountered I know Joel has as well. 681 00:35:29,330 --> 00:35:31,219 S4: When we go to conferences and stuff people are like, 682 00:35:31,219 --> 00:35:32,960 S4: oh my God. I used to listen to you guys 683 00:35:32,960 --> 00:35:35,030 S4: all the time and I'm like, why did you stop? Well, 684 00:35:35,060 --> 00:35:37,190 S4: because I became more smart. 685 00:35:37,770 --> 00:35:38,600 S5: Because the crypto. 686 00:35:38,600 --> 00:35:39,170 S1: Market. 687 00:35:39,170 --> 00:35:39,980 S5: You know, crypto. 688 00:35:39,980 --> 00:35:41,930 S4: Market tanks. And then what happens is I think that's 689 00:35:41,930 --> 00:35:44,489 S4: like we're kind of we like to crack jokes and 690 00:35:44,489 --> 00:35:47,670 S4: then talk about crypto. We don't go so deep in there. 691 00:35:48,140 --> 00:35:50,630 S4: And then, you know, sometimes after a while you're like, 692 00:35:50,630 --> 00:35:53,120 S4: I need to go hear some of these nerdy nerfs, 693 00:35:53,120 --> 00:35:54,830 S4: and then you go talk to them. Listen to this. 694 00:35:55,340 --> 00:35:56,450 S1: All right. Thanks for listening. 695 00:35:56,480 --> 00:35:57,410 S5: Transitory. 696 00:35:57,410 --> 00:36:00,350 S4: We don't want to be your transitory crypto podcast. 697 00:36:00,350 --> 00:36:00,950 S5: We don't. 698 00:36:00,950 --> 00:36:01,580 S1: Care. 699 00:36:01,580 --> 00:36:03,259 S5: Come, go, stay. 700 00:36:03,260 --> 00:36:05,800 S1: But clean up after yourself. And remember, go. 701 00:36:05,870 --> 00:36:07,550 S4: Stay bad, stay bad. 702 00:36:25,810 --> 00:36:26,529 S6: Who's bad? 703 00:36:28,130 --> 00:36:31,940 S1: The Bad Crypto Podcast is a production of Bad Crypto LLC. 704 00:36:31,969 --> 00:36:34,790 S1: The content of the show, the videos and the website 705 00:36:34,790 --> 00:36:38,930 S1: is provided for educational, informational and entertainment purposes only. It's 706 00:36:38,930 --> 00:36:42,830 S1: not intended to be and does not constitute financial investment 707 00:36:42,830 --> 00:36:45,890 S1: or trading advice of any kind. You shouldn't make any 708 00:36:45,890 --> 00:36:49,550 S1: decisions as to finances, investing, trading or anything else based 709 00:36:49,550 --> 00:36:54,080 S1: on this information without undertaking independent due diligence and consultation 710 00:36:54,080 --> 00:36:57,500 S1: with a professional financial advisor. Please understand that the trading 711 00:36:57,500 --> 00:37:02,540 S1: of bitcoins and alternative cryptocurrencies have potential risks involved. Anyone 712 00:37:02,540 --> 00:37:04,940 S1: wishing to invest in any of the currencies or tokens 713 00:37:04,940 --> 00:37:08,330 S1: mentioned on this podcast should first seek their own independent, 714 00:37:08,330 --> 00:37:10,280 S1: professional financial advisor.