1 00:00:01,280 --> 00:00:03,520 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:03,920 --> 00:00:06,680 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:06,880 --> 00:00:10,719 Speaker 1: and sure they definitely can be, but understanding of professionals 4 00:00:10,800 --> 00:00:14,080 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,440 --> 00:00:18,079 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,560 --> 00:00:21,360 Speaker 1: It might seem boring to save, plan and make calculated 7 00:00:21,400 --> 00:00:24,479 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,520 --> 00:00:27,840 Speaker 1: what helps you live a more happily fulfilled life. P 9 00:00:27,960 --> 00:00:32,800 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. 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P and C Bank 12 00:00:39,159 --> 00:00:41,360 Speaker 1: National Association Member FDIC. 13 00:00:43,520 --> 00:00:45,040 Speaker 2: Bitcoin so. 14 00:00:47,040 --> 00:00:51,199 Speaker 3: Interesting ninety two thousand dollars right now and it's been 15 00:00:51,360 --> 00:00:58,640 Speaker 3: dropping steadily so just past the deaf cross two days ago. 16 00:00:58,920 --> 00:01:02,200 Speaker 3: I think so bitcoin is interesting if you really think 17 00:01:02,240 --> 00:01:04,480 Speaker 3: about it, because it's the only investment that we actually 18 00:01:04,480 --> 00:01:05,360 Speaker 3: know what's gonna happen. 19 00:01:07,800 --> 00:01:08,360 Speaker 4: Tell me more. 20 00:01:08,880 --> 00:01:11,840 Speaker 3: Oh, because it has like if you follow history of 21 00:01:11,880 --> 00:01:14,800 Speaker 3: the bigcoin, it has four year cycles, right, so you could, 22 00:01:14,800 --> 00:01:17,279 Speaker 3: like as an exercise, anybody at home, you can actually 23 00:01:17,280 --> 00:01:20,000 Speaker 3: at GBT the four year cycles of bitcoin when the 24 00:01:20,040 --> 00:01:22,479 Speaker 3: next beer market will come previous beer market. 25 00:01:22,640 --> 00:01:24,400 Speaker 2: So it works in cycles. 26 00:01:24,920 --> 00:01:28,720 Speaker 3: Now, anything can happen in the future, but it's always 27 00:01:28,760 --> 00:01:32,280 Speaker 3: repeated the same cycle. Like no other investment has ever 28 00:01:32,360 --> 00:01:34,840 Speaker 3: done that. Like you can't say, okay, we know that 29 00:01:35,040 --> 00:01:37,200 Speaker 3: in video is gonna do good for four years and 30 00:01:37,240 --> 00:01:39,320 Speaker 3: it's gonna be flat for two years, and it's gonna 31 00:01:39,560 --> 00:01:43,639 Speaker 3: like we know that bigcoin works in a four year cycle. 32 00:01:43,840 --> 00:01:48,360 Speaker 3: It drops very drastically, almost seventy to eighty percent previously, 33 00:01:48,400 --> 00:01:52,520 Speaker 3: that's what that's what it has done, follows the having 34 00:01:52,800 --> 00:01:55,040 Speaker 3: so like even if you follow it like the bear 35 00:01:55,360 --> 00:01:57,880 Speaker 3: the bear market is supposed to start next year, but 36 00:01:58,000 --> 00:02:00,200 Speaker 3: some some say the bear market has already started, which 37 00:02:00,240 --> 00:02:02,040 Speaker 3: would be an early or early start, but it was 38 00:02:02,080 --> 00:02:05,120 Speaker 3: it was gonna start. There's almost one hundred percent chance 39 00:02:05,160 --> 00:02:07,560 Speaker 3: that bitcoin is going to drop drastically next year if 40 00:02:07,600 --> 00:02:14,079 Speaker 3: you follow what historically has happened. So everybody knows, well 41 00:02:14,360 --> 00:02:18,320 Speaker 3: if you study, everybody knows that that bitcoin is going 42 00:02:18,360 --> 00:02:21,520 Speaker 3: to drop. Like that's that's kind of like a cheat 43 00:02:21,520 --> 00:02:24,600 Speaker 3: code almost if you really think about it, because we know, 44 00:02:24,720 --> 00:02:28,840 Speaker 3: we know what's gonna happen. Now the variables is exactly 45 00:02:28,880 --> 00:02:32,080 Speaker 3: when it will drop, exactly how much it will drop. 46 00:02:32,000 --> 00:02:34,320 Speaker 5: I can tell you that, but we'll team come on, 47 00:02:35,320 --> 00:02:36,840 Speaker 5: so maybe next week. 48 00:02:37,680 --> 00:02:41,320 Speaker 3: So now the question is like, Okay, is this the 49 00:02:41,360 --> 00:02:44,520 Speaker 3: start of the already all are we already in the 50 00:02:44,560 --> 00:02:48,200 Speaker 3: band market or is just a short term reset and 51 00:02:48,240 --> 00:02:50,239 Speaker 3: then we're gonna push higher at the end of the 52 00:02:50,320 --> 00:02:53,040 Speaker 3: year and then next year it's gonna fall. 53 00:02:53,080 --> 00:02:53,840 Speaker 2: But it's gonna fall. 54 00:02:54,720 --> 00:02:58,160 Speaker 3: And I even I atchieve Chad GBT just to kind 55 00:02:58,200 --> 00:03:01,280 Speaker 3: of get Chad gbt's for perspective on it, and like 56 00:03:01,960 --> 00:03:05,760 Speaker 3: how it's supposed to fall following traditional bitcoins, it's supposed 57 00:03:05,800 --> 00:03:08,160 Speaker 3: to go to thirty or forty thousand, because that's seventy 58 00:03:08,160 --> 00:03:09,440 Speaker 3: and seventy five percent drop. 59 00:03:09,480 --> 00:03:10,760 Speaker 2: That's what it has done historically. 60 00:03:10,800 --> 00:03:13,160 Speaker 3: But most people don't think that it'll fall out fall 61 00:03:13,200 --> 00:03:16,000 Speaker 3: because of the institutional backing now that it didn't have before. 62 00:03:16,680 --> 00:03:19,360 Speaker 3: So the institutional backing up will have it around fifty 63 00:03:19,720 --> 00:03:24,560 Speaker 3: sixty thousand what it'll drop to. But no matter what 64 00:03:25,000 --> 00:03:26,760 Speaker 3: how you look at it is going to drop. But 65 00:03:26,800 --> 00:03:30,560 Speaker 3: it's already been dropping. So now everybody's a it's a 66 00:03:30,600 --> 00:03:32,720 Speaker 3: panic because. 67 00:03:34,120 --> 00:03:35,720 Speaker 2: It's down pretty pretty heavily. 68 00:03:36,000 --> 00:03:38,400 Speaker 3: And then all the bigcoin related stocks will talk about that, 69 00:03:38,480 --> 00:03:42,440 Speaker 3: Michael Strategy and a few others. Those are down, and 70 00:03:42,480 --> 00:03:44,960 Speaker 3: then of course since Bitcoin is down, to ets sit down, 71 00:03:45,640 --> 00:03:48,120 Speaker 3: and then whenever bigcoin goes down, then the all coin 72 00:03:48,200 --> 00:03:50,720 Speaker 3: market goes down also, So the all coins are down 73 00:03:51,160 --> 00:03:54,360 Speaker 3: XRP and Solana. 74 00:03:53,840 --> 00:03:54,760 Speaker 4: And all of that. 75 00:03:55,040 --> 00:04:00,120 Speaker 3: So now the main question is, now we know that 76 00:04:00,120 --> 00:04:02,920 Speaker 3: bigcoin's going to have a bad market, is. 77 00:04:02,840 --> 00:04:04,040 Speaker 2: This the bean market? 78 00:04:04,080 --> 00:04:08,640 Speaker 3: Because if this is the bend market, then the intelligent 79 00:04:08,720 --> 00:04:11,000 Speaker 3: thing to do would just be to wait, because this 80 00:04:11,040 --> 00:04:13,000 Speaker 3: is the band market. Ninety thousand is not a good 81 00:04:13,040 --> 00:04:15,240 Speaker 3: price to buy because it's going to go lower than 82 00:04:15,320 --> 00:04:19,640 Speaker 3: ninety thousand, so do we So the only question now 83 00:04:19,760 --> 00:04:22,200 Speaker 3: is are we in a band market? And if we 84 00:04:22,240 --> 00:04:24,839 Speaker 3: are in a band market, and beer markets for crypto 85 00:04:25,320 --> 00:04:27,359 Speaker 3: usually last. That's another thing. We know how long the 86 00:04:27,360 --> 00:04:29,800 Speaker 3: bean market lasts twelve to eighteen months, so it's not 87 00:04:29,839 --> 00:04:32,080 Speaker 3: a short it's not a short run. Once the band 88 00:04:32,120 --> 00:04:34,960 Speaker 3: market hits, we can we're looking at like twenty twenty seven, 89 00:04:35,080 --> 00:04:37,240 Speaker 3: end of twenty twenty seven for a full recover to 90 00:04:37,279 --> 00:04:39,280 Speaker 3: all time. But another thing that we do know about 91 00:04:39,279 --> 00:04:40,640 Speaker 3: bigcoins that it always goes up. 92 00:04:41,279 --> 00:04:43,760 Speaker 6: So history that's shown us that that's what. 93 00:04:43,720 --> 00:04:46,720 Speaker 3: I'm saying, So we know that in twenty twenty eight, 94 00:04:46,880 --> 00:04:48,560 Speaker 3: twenty twenty nine is going to be hired in what 95 00:04:48,640 --> 00:04:52,719 Speaker 3: it is now. But all of these things lead to 96 00:04:53,600 --> 00:04:59,400 Speaker 3: a pestimistic outlook for bigcoin for the next foreseeable future 97 00:05:00,320 --> 00:05:04,600 Speaker 3: unless we get an end of year pump, and that 98 00:05:04,640 --> 00:05:08,719 Speaker 3: could potentially change it for the short term. So are 99 00:05:08,760 --> 00:05:10,520 Speaker 3: we gonna get an end of the year pump or 100 00:05:10,560 --> 00:05:13,159 Speaker 3: are we just got to just ride this out to 101 00:05:13,240 --> 00:05:14,119 Speaker 3: twenty twenty seven? 102 00:05:16,080 --> 00:05:19,280 Speaker 5: I answer both meek mailbrick Cross one of my favorite songs, 103 00:05:19,279 --> 00:05:21,360 Speaker 5: Don't panic, don't panic. 104 00:05:21,920 --> 00:05:23,120 Speaker 4: Now's not the time to panic. 105 00:05:24,360 --> 00:05:26,800 Speaker 5: The notion of value or like the true value of 106 00:05:26,800 --> 00:05:29,800 Speaker 5: what we could get back to the April lows of 107 00:05:29,880 --> 00:05:33,480 Speaker 5: like seventy seven thousand and four fifty three. Last month, 108 00:05:33,520 --> 00:05:35,880 Speaker 5: I did tell you we was going to slide into 109 00:05:35,920 --> 00:05:37,080 Speaker 5: these nineties. 110 00:05:40,240 --> 00:05:41,480 Speaker 4: Now's not the time to panic. 111 00:05:41,520 --> 00:05:44,119 Speaker 5: I understand there's a lot of people who are saying 112 00:05:44,160 --> 00:05:49,799 Speaker 5: the thirty and forty thousand price range for bitcoin. Remember 113 00:05:49,880 --> 00:05:53,800 Speaker 5: last year or early this year, I said, Michael Silly 114 00:05:53,839 --> 00:05:55,760 Speaker 5: needs to be very careful because the only thing that 115 00:05:55,880 --> 00:05:58,240 Speaker 5: I think would drive that price that low is if 116 00:05:58,240 --> 00:05:59,320 Speaker 5: they want to get him out. 117 00:05:59,160 --> 00:05:59,960 Speaker 4: Of that seat that he's in. 118 00:06:01,480 --> 00:06:04,880 Speaker 5: I think that he has a plan to dwark that regardless, 119 00:06:05,080 --> 00:06:06,800 Speaker 5: but I don't think we'll get to thirties and forties. 120 00:06:06,839 --> 00:06:10,640 Speaker 5: Should you pick up something at seventies seven and some change, yes. 121 00:06:11,080 --> 00:06:14,040 Speaker 4: Pricer and stock Club. Worst case scenario, I have this 122 00:06:14,200 --> 00:06:14,600 Speaker 4: going to. 123 00:06:18,320 --> 00:06:21,440 Speaker 7: Said fifty. No, I'll say my number and then you 124 00:06:21,480 --> 00:06:27,920 Speaker 7: agree fifty. I'll see you though, fifty threes. I had 125 00:06:27,960 --> 00:06:30,039 Speaker 7: it at sixty, sixty three to sixty seven. 126 00:06:30,720 --> 00:06:32,200 Speaker 4: Yeah, fifty three, five, twenty four. 127 00:06:32,880 --> 00:06:33,719 Speaker 6: You're going to lower it or not. 128 00:06:34,080 --> 00:06:35,800 Speaker 5: But and here's the thing. As an investment, I'm not 129 00:06:35,839 --> 00:06:37,360 Speaker 5: saying absolutely will go to for tho. 130 00:06:37,440 --> 00:06:40,560 Speaker 4: You know what I mean, But please write this down. 131 00:06:40,960 --> 00:06:43,520 Speaker 5: You want to assume the worst case is basis first, 132 00:06:43,600 --> 00:06:46,760 Speaker 5: not the best case. A lot of you are panicking 133 00:06:47,720 --> 00:06:50,520 Speaker 5: because you bought it last week or two weeks ago. 134 00:06:50,720 --> 00:06:54,560 Speaker 5: You should have bought the majority in April. And in 135 00:06:54,600 --> 00:06:58,680 Speaker 5: addition with the having cycles, some want to be the 136 00:06:58,760 --> 00:07:04,240 Speaker 5: pre eminent force in crypto because they've seen his plan work. 137 00:07:04,320 --> 00:07:08,040 Speaker 5: I kept saying, I hope that he doesn't become the 138 00:07:08,120 --> 00:07:12,400 Speaker 5: new Kathy would but when the institution going back to 139 00:07:12,440 --> 00:07:15,080 Speaker 5: the program conversation. When they want the strategy and the 140 00:07:15,160 --> 00:07:18,000 Speaker 5: IP to use it for their own devices, they're going 141 00:07:18,040 --> 00:07:18,560 Speaker 5: to find. 142 00:07:18,360 --> 00:07:21,840 Speaker 4: A way to do so. Also too. 143 00:07:21,880 --> 00:07:25,080 Speaker 5: If we're going to have a cyclical downturn and now 144 00:07:25,080 --> 00:07:28,920 Speaker 5: we're back to risk on, maybe there will be some 145 00:07:28,960 --> 00:07:31,360 Speaker 5: flushing out. But I want to be very clear, there's 146 00:07:31,360 --> 00:07:33,280 Speaker 5: a mistake if you are a believer in it to 147 00:07:33,320 --> 00:07:38,480 Speaker 5: get rid of it now. Too many people ask should 148 00:07:38,560 --> 00:07:40,760 Speaker 5: I sell what I have now in wait to get in? 149 00:07:40,960 --> 00:07:44,280 Speaker 5: Continue to buy now? The mistake that I think Sailor 150 00:07:44,320 --> 00:07:46,920 Speaker 5: made is that he kept buying at any price. The 151 00:07:47,000 --> 00:07:48,920 Speaker 5: price for you buy and asset matters a hell of 152 00:07:48,960 --> 00:07:53,200 Speaker 5: a lot. But worst case scenarios fifty three. But if 153 00:07:53,280 --> 00:07:55,880 Speaker 5: you believe in it, we can have a nice bump. 154 00:07:56,400 --> 00:07:59,640 Speaker 5: And I think at the right price, definitely at fifties 155 00:07:59,680 --> 00:08:04,160 Speaker 5: and at sixty five, the institutional, the Saudi Fund, there's 156 00:08:04,200 --> 00:08:07,920 Speaker 5: too many big players that will absorb the coins at 157 00:08:07,920 --> 00:08:08,360 Speaker 5: that price. 158 00:08:09,000 --> 00:08:10,840 Speaker 1: Yeah, that's why I said, I was looking at the 159 00:08:10,920 --> 00:08:13,000 Speaker 1: charts yesterday I had around sixty seven. 160 00:08:14,560 --> 00:08:14,760 Speaker 6: Yeah. 161 00:08:14,800 --> 00:08:18,640 Speaker 1: I mean, if you I'll use the phrase that history 162 00:08:18,640 --> 00:08:20,960 Speaker 1: shows us rather than kind of what you were saying 163 00:08:20,960 --> 00:08:23,560 Speaker 1: that we know because somebody was like, oh, they know, 164 00:08:23,760 --> 00:08:28,440 Speaker 1: history has shown us that in these cycles. Specifically, what 165 00:08:28,440 --> 00:08:30,280 Speaker 1: what Shoddy was saying, it was like, there's just four 166 00:08:30,280 --> 00:08:33,319 Speaker 1: phases right now based on everything we've seen that we're 167 00:08:33,320 --> 00:08:35,400 Speaker 1: in phase three, and so here's some things, some key 168 00:08:35,440 --> 00:08:38,880 Speaker 1: indicators that you should find in phase three, which is 169 00:08:38,960 --> 00:08:41,880 Speaker 1: like six to eighteen months after having like we saw 170 00:08:42,000 --> 00:08:47,040 Speaker 1: having happened last April. So we're right mid mid cycle 171 00:08:47,480 --> 00:08:49,080 Speaker 1: sharp corrections, and I don't know if we've had a 172 00:08:49,080 --> 00:08:52,000 Speaker 1: sharp one yet. This feels like a pullback, but consolidation 173 00:08:52,160 --> 00:08:54,000 Speaker 1: is that next piece, and so that means you'll start 174 00:08:54,000 --> 00:08:57,680 Speaker 1: to see it move sideways, right, So if it's at eighty. 175 00:08:57,520 --> 00:08:59,240 Speaker 2: You'll definitely drop. 176 00:08:59,520 --> 00:09:02,080 Speaker 1: Well, we've seen steep, I'm saying for crypto, we've seen 177 00:09:02,080 --> 00:09:04,160 Speaker 1: that go down to seventy correction. 178 00:09:04,400 --> 00:09:07,280 Speaker 2: Correction is not seventy percent, that's a that's a full yeah. 179 00:09:08,040 --> 00:09:13,400 Speaker 6: If it's in the definition of correction. Even still collapse though, 180 00:09:13,600 --> 00:09:15,360 Speaker 6: that's but that's what I'm saying. 181 00:09:15,400 --> 00:09:18,800 Speaker 1: We can't even use collapse in terms of Bitcoin because 182 00:09:19,160 --> 00:09:21,520 Speaker 1: but that's what it does, because the correction, it's it's 183 00:09:21,520 --> 00:09:24,800 Speaker 1: in correction mode right now. I'm what I'm saying, correction 184 00:09:25,240 --> 00:09:27,400 Speaker 1: I don't want to confuse it when we're talking stocks, right, 185 00:09:27,440 --> 00:09:30,599 Speaker 1: because Bitcoin, the way that it moves its volatility is 186 00:09:31,040 --> 00:09:31,600 Speaker 1: very different. 187 00:09:31,920 --> 00:09:32,679 Speaker 6: Earners, what's up. 188 00:09:32,760 --> 00:09:35,240 Speaker 1: You ever walk into a small business and everything just 189 00:09:35,400 --> 00:09:38,560 Speaker 1: works like the checkout is fast, the seats are digital, 190 00:09:39,080 --> 00:09:42,079 Speaker 1: tipping is a breeze, and you're out the door before 191 00:09:42,080 --> 00:09:46,319 Speaker 1: the line even builds odds are they're using Square. We 192 00:09:46,400 --> 00:09:48,960 Speaker 1: love supporting businesses that run on Square because it just 193 00:09:48,960 --> 00:09:52,199 Speaker 1: feels seamless. 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