1 00:00:01,360 --> 00:00:03,640 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:04,000 --> 00:00:06,760 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:07,000 --> 00:00:10,840 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,920 --> 00:00:14,160 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,560 --> 00:00:18,200 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,680 --> 00:00:21,480 Speaker 1: It might seem boring to safe plan and make calculated 7 00:00:21,480 --> 00:00:24,599 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,640 --> 00:00:27,960 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:28,080 --> 00:00:32,879 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. 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Don't wait, don't hesitate. 33 00:01:45,760 --> 00:01:48,160 Speaker 1: Let's Square handle the back end so you can keep 34 00:01:48,160 --> 00:01:49,400 Speaker 1: pushing your vision forward. 35 00:01:51,720 --> 00:01:55,000 Speaker 3: Bitcoin last week it hit an all time high when 36 00:01:55,000 --> 00:01:58,400 Speaker 3: we was on air, I think sixty eight thousand. Today 37 00:01:58,760 --> 00:02:04,440 Speaker 3: it cracked over seventy two thousand. Big Coin's going crazy, 38 00:02:05,280 --> 00:02:08,840 Speaker 3: and also as a result of bigcoin going crazy, of course, 39 00:02:08,880 --> 00:02:12,080 Speaker 3: the whole space is going crazy. But coin base, you know, 40 00:02:12,280 --> 00:02:16,480 Speaker 3: for full disclosure, I've been an investor in coin based 41 00:02:16,480 --> 00:02:20,600 Speaker 3: stock for a couple of years now, and bad decision 42 00:02:20,600 --> 00:02:24,720 Speaker 3: where I actually brought it at a high and that 43 00:02:24,840 --> 00:02:28,680 Speaker 3: was down. Coin Base stock dropped drastically and I was down. 44 00:02:28,919 --> 00:02:31,400 Speaker 3: At one point I was down forty on my position. 45 00:02:32,840 --> 00:02:35,840 Speaker 3: The days is over and I'm positive now. I think 46 00:02:35,880 --> 00:02:39,000 Speaker 3: I'm positive like ten percent now, so I'm back in 47 00:02:39,040 --> 00:02:44,280 Speaker 3: the green for my coin based stock. I still don't 48 00:02:44,639 --> 00:02:47,400 Speaker 3: have any endorsement of coin base because I got robbed 49 00:02:47,440 --> 00:02:48,000 Speaker 3: on coin Base. 50 00:02:48,080 --> 00:02:49,680 Speaker 2: That's why I didn't invested them. 51 00:02:49,800 --> 00:02:52,480 Speaker 4: But I brought the stock before that happened. 52 00:02:53,000 --> 00:02:56,079 Speaker 3: But in any event, coin based stock is up as 53 00:02:56,120 --> 00:03:01,200 Speaker 3: a result of bigcoin reaching all time high. Bigcoin is up, 54 00:03:01,520 --> 00:03:03,959 Speaker 3: Other cryptocurrencies up. So we're going to talk about the 55 00:03:04,000 --> 00:03:06,519 Speaker 3: whole space. We're going to talk about the host space. 56 00:03:06,560 --> 00:03:10,200 Speaker 3: But let's start with coinbase stock. We haven't talked about 57 00:03:10,240 --> 00:03:17,119 Speaker 3: them in a while. They are currently at around seven yeah, 58 00:03:17,120 --> 00:03:22,160 Speaker 3: around seventy mark ish the all time that fifty two 59 00:03:22,200 --> 00:03:27,680 Speaker 3: week high, it was two seventy one, So okay. Coinbase 60 00:03:27,960 --> 00:03:30,720 Speaker 3: a company that showed a lot of promise. It debuted 61 00:03:30,720 --> 00:03:33,440 Speaker 3: at three forty two. Still hasn't gotten back to those number. 62 00:03:33,880 --> 00:03:34,240 Speaker 2: Too high. 63 00:03:34,560 --> 00:03:37,920 Speaker 3: Yeah, it debuted three forty two and then dropped all 64 00:03:37,960 --> 00:03:41,280 Speaker 3: the way to thirty three dollars. Legendary, it dropped from 65 00:03:41,520 --> 00:03:45,080 Speaker 3: thirty three hundred and forty two to thirty three dollars 66 00:03:45,640 --> 00:03:48,320 Speaker 3: and Kathy Woid was the one that she brought a 67 00:03:48,360 --> 00:03:51,240 Speaker 3: lot of at a high and then but now it's rebounding. 68 00:03:51,560 --> 00:03:55,640 Speaker 3: It's headed back on to three hundred. So what's the 69 00:03:55,720 --> 00:03:57,920 Speaker 3: deal with coinbase stock. 70 00:04:00,720 --> 00:04:04,000 Speaker 5: Let's go look at the so gross margins eighty five percent, 71 00:04:04,320 --> 00:04:08,640 Speaker 5: net margin three point two four percent. Of course, the 72 00:04:08,680 --> 00:04:12,280 Speaker 5: success of Coinbase heavily tipped to Bigcoin and Ethereum. With 73 00:04:12,520 --> 00:04:16,120 Speaker 5: Bitcoin doing incredibly well, they shot up a lot. Also, 74 00:04:16,240 --> 00:04:18,840 Speaker 5: Michael Sailor's micro strategy shot up a lot, so like 75 00:04:18,880 --> 00:04:22,960 Speaker 5: we're seeing Bitcoin drag up other companies that were not 76 00:04:23,040 --> 00:04:25,680 Speaker 5: doing well before. I do still think they have some 77 00:04:25,760 --> 00:04:28,719 Speaker 5: challenges they need to fix if they want to be 78 00:04:28,800 --> 00:04:33,440 Speaker 5: like that pre eminent vanguard like player in the crypto 79 00:04:33,480 --> 00:04:36,359 Speaker 5: space for those that may be like laggard investors. But 80 00:04:37,720 --> 00:04:39,280 Speaker 5: they've had a hell of a run. They opened up 81 00:04:39,279 --> 00:04:42,120 Speaker 5: at one point seventy three this year currently at two 82 00:04:42,200 --> 00:04:46,440 Speaker 5: sixty seven fifteen. Been a great run. Brian's had a 83 00:04:46,440 --> 00:04:49,320 Speaker 5: bunch of battles that he's overcome. Kudos to him. Still 84 00:04:49,360 --> 00:04:51,640 Speaker 5: not one of my favorites, it's not in my top fifty, 85 00:04:51,680 --> 00:04:53,400 Speaker 5: but I'm glad you are back in the positive. 86 00:04:53,520 --> 00:04:54,280 Speaker 2: My god, thank you. 87 00:04:56,320 --> 00:04:59,800 Speaker 5: But this is a way to invest like Coinbase, I 88 00:05:00,080 --> 00:05:04,120 Speaker 5: it they are other ways to GBTC is another way 89 00:05:04,120 --> 00:05:09,800 Speaker 5: to invest through proxy into bitcoin, and that GBTC went 90 00:05:09,839 --> 00:05:13,719 Speaker 5: from thirty eighth five to sixty four. So if you 91 00:05:13,720 --> 00:05:16,560 Speaker 5: want exposure and you don't want to pay seventy three 92 00:05:16,600 --> 00:05:18,919 Speaker 5: thousand and seventy two thousand a coin, you can get coinbase, 93 00:05:19,839 --> 00:05:23,880 Speaker 5: micro Strategy or GBTC and to get exposure to the 94 00:05:23,920 --> 00:05:25,039 Speaker 5: market that way. 95 00:05:25,920 --> 00:05:28,400 Speaker 3: I should I sell my coinbase now that I'm positive 96 00:05:29,520 --> 00:05:30,440 Speaker 3: or should I ride it up? 97 00:05:30,520 --> 00:05:33,719 Speaker 4: Should can? I? Can? I still get some I will. 98 00:05:33,880 --> 00:05:36,919 Speaker 5: I'll probably lock in profit at like one percent just 99 00:05:36,960 --> 00:05:38,880 Speaker 5: the case of the crashes, but but I will let 100 00:05:38,880 --> 00:05:39,280 Speaker 5: it ride. 101 00:05:39,360 --> 00:05:41,560 Speaker 2: I mean, it's interesting when you look at the climb 102 00:05:41,560 --> 00:05:42,279 Speaker 2: of coinbase. 103 00:05:42,320 --> 00:05:44,840 Speaker 1: It was at three forty two when it debuted, and 104 00:05:44,920 --> 00:05:48,200 Speaker 1: then November of twenty one it got back up to 105 00:05:48,200 --> 00:05:48,760 Speaker 1: three forty two. 106 00:05:48,839 --> 00:05:50,599 Speaker 2: So it did pull back after. 107 00:05:50,680 --> 00:05:53,440 Speaker 1: But I remember I was talking about not investing in companies. 108 00:05:53,760 --> 00:05:57,159 Speaker 1: Uh after they buypo for at least six months, and 109 00:05:57,240 --> 00:05:59,400 Speaker 1: yeah happened. In the seventh month, they puilled a little 110 00:05:59,400 --> 00:06:02,040 Speaker 1: bit back down. But even on this ascension of bitcoin 111 00:06:02,160 --> 00:06:04,520 Speaker 1: up to seventy two thousand, it hasn't been a meteoric 112 00:06:04,600 --> 00:06:05,640 Speaker 1: rise for coin base. 113 00:06:06,240 --> 00:06:08,159 Speaker 5: It's been a steady rise, right, and so if you're looking, 114 00:06:08,240 --> 00:06:09,279 Speaker 5: it's been a study ross. 115 00:06:09,360 --> 00:06:11,719 Speaker 1: It's at all time high, but coin Base hasn't gotten 116 00:06:11,720 --> 00:06:13,840 Speaker 1: nearly back to its all time mine. That looks a 117 00:06:13,839 --> 00:06:15,800 Speaker 1: little concern to me when we know how reliant this 118 00:06:15,839 --> 00:06:17,600 Speaker 1: space is on this. 119 00:06:18,920 --> 00:06:21,120 Speaker 2: I mean they've had two positive quarters. 120 00:06:21,240 --> 00:06:25,480 Speaker 1: Yeah, but I wonder now, I'll just say, I wonder 121 00:06:25,640 --> 00:06:28,599 Speaker 1: if this we always talk about ETFs when we're talking 122 00:06:28,600 --> 00:06:32,839 Speaker 1: about individualized stocks and individualized equities, is this it is 123 00:06:32,880 --> 00:06:37,400 Speaker 1: bitcoin the premiere place where we're talking about Maybe the 124 00:06:37,440 --> 00:06:40,880 Speaker 1: ETF route is probably best because of the less exposure. 125 00:06:41,200 --> 00:06:44,960 Speaker 1: So you mentioned one, but bit b is another one. 126 00:06:45,480 --> 00:06:47,760 Speaker 1: Is the ETF route probably better. 127 00:06:47,760 --> 00:06:51,880 Speaker 2: For Bitcoin than doing like a brokerage like a coin base. 128 00:06:52,839 --> 00:06:55,200 Speaker 5: Larry Finking Black rocks for me to say, yeah, shout 129 00:06:55,200 --> 00:06:57,120 Speaker 5: out to everybody who killed me when I said the 130 00:06:57,160 --> 00:06:59,000 Speaker 5: banks are going to come in and take over a 131 00:06:59,040 --> 00:07:02,800 Speaker 5: bitcoin eight team point nine billion a bigcoin under management 132 00:07:02,839 --> 00:07:07,200 Speaker 5: shot to Larry think, yeah, so probably a safer investment, 133 00:07:07,320 --> 00:07:09,000 Speaker 5: but it would be the same two tech two index 134 00:07:09,040 --> 00:07:11,480 Speaker 5: strategy for that. So if you wanted to do coin 135 00:07:11,520 --> 00:07:15,480 Speaker 5: and GBTC and pair it with ibit or bit b 136 00:07:15,760 --> 00:07:17,760 Speaker 5: or you pick the ones that you want to invest in. 137 00:07:18,200 --> 00:07:20,720 Speaker 5: But it's the same strategy, and the index component is 138 00:07:20,760 --> 00:07:24,679 Speaker 5: to prevent massive draw downs if the stock or underlying 139 00:07:24,720 --> 00:07:28,320 Speaker 5: asset goes down sixty seventy percent. So yeah, I mean 140 00:07:28,360 --> 00:07:32,480 Speaker 5: they got three percent net margin. That's when people are like, hey, 141 00:07:32,520 --> 00:07:35,520 Speaker 5: how do I know, like fundamentals, what are they netting 142 00:07:36,800 --> 00:07:39,920 Speaker 5: if they're a negative or reblay, But if they're between 143 00:07:39,960 --> 00:07:42,400 Speaker 5: one to nine percent, it's not a business. I want 144 00:07:42,400 --> 00:07:47,560 Speaker 5: to be in my top five. So I think the 145 00:07:47,560 --> 00:07:49,560 Speaker 5: math is really simple. I think it's common sense, like 146 00:07:49,640 --> 00:07:52,520 Speaker 5: Shoddy said earlier and bigcoin. 147 00:07:52,720 --> 00:07:58,800 Speaker 3: I mean, coinbases the premium place in America to buy cryptocurrency, 148 00:07:58,880 --> 00:08:02,560 Speaker 3: so it would make in said cryptocurrency increases and more 149 00:08:02,600 --> 00:08:06,560 Speaker 3: people buy cryptocurrency, that their strength and the evaluation will 150 00:08:06,560 --> 00:08:06,800 Speaker 3: go up. 151 00:08:06,800 --> 00:08:07,960 Speaker 4: I mean it's a direct correlation. 152 00:08:08,120 --> 00:08:10,760 Speaker 5: So Apple could have bought coin base at that low too, 153 00:08:10,840 --> 00:08:16,200 Speaker 5: being stupid, Yeah, thirty stupid instead of arguing with what 154 00:08:16,320 --> 00:08:19,640 Speaker 5: epic games and even at that two billion dollar EU 155 00:08:19,680 --> 00:08:24,040 Speaker 5: found like it's like, bro, I don't believe the games 156 00:08:24,160 --> 00:08:27,680 Speaker 5: over until we're up about forty Like they need some 157 00:08:27,760 --> 00:08:30,520 Speaker 5: exposure to crypto. When that stock went to forty fifty bucks, 158 00:08:30,560 --> 00:08:32,080 Speaker 5: they could have put a been and bought that. 159 00:08:34,679 --> 00:08:37,920 Speaker 3: It's one of these things right where it's like because 160 00:08:38,040 --> 00:08:40,600 Speaker 3: I'm just I'm just doing the math right now. 161 00:08:41,160 --> 00:08:44,680 Speaker 4: And coin base low of thirty three dollars two years. 162 00:08:44,559 --> 00:08:46,440 Speaker 3: Ago, it wasn't a long time ago two years ago, 163 00:08:46,679 --> 00:08:49,800 Speaker 3: and it's at you know, to sixty six right now. Yep, 164 00:08:50,280 --> 00:08:53,160 Speaker 3: that's a seven hundred that's a seven hundred percent increase. 165 00:08:53,600 --> 00:08:59,600 Speaker 3: It's one of these things right where you Yeah, how 166 00:08:59,600 --> 00:09:01,280 Speaker 3: do you know when it's a good time to buy it? 167 00:09:02,480 --> 00:09:03,720 Speaker 2: Listen to market mothers. 168 00:09:04,240 --> 00:09:06,840 Speaker 4: Yeah, for sure, that's important. Cut. 169 00:09:06,960 --> 00:09:09,200 Speaker 3: Hold, if you would have if you would have brought 170 00:09:09,200 --> 00:09:12,480 Speaker 3: coin based, then let mean to stop. 171 00:09:12,280 --> 00:09:16,680 Speaker 1: Alone, yeah, let alone option or like that had been yeah, 172 00:09:16,960 --> 00:09:18,120 Speaker 1: well yeah yeah out of here. 173 00:09:18,679 --> 00:09:20,240 Speaker 5: And for those in the common saying that I didn't 174 00:09:20,280 --> 00:09:23,480 Speaker 5: like coin based, I called in video, am D Bitcoin 175 00:09:23,520 --> 00:09:27,080 Speaker 5: at twenty eight thousand, Bitcoin at twenty come on, now, 176 00:09:27,160 --> 00:09:28,679 Speaker 5: let's not do this something a good space. 177 00:09:28,720 --> 00:09:31,760 Speaker 3: I love y'all, but well, speaking about bitcoin, it's at 178 00:09:31,800 --> 00:09:37,920 Speaker 3: seventy two thousand now, so yeah, we have to talk 179 00:09:37,960 --> 00:09:40,600 Speaker 3: about bitcoin again, and talking about it last week. I 180 00:09:40,600 --> 00:09:48,880 Speaker 3: love it bigcoin. Keep buying bitcoin dollar cost average. 181 00:09:49,000 --> 00:09:53,920 Speaker 5: Same rules and video. If you believe in it still 182 00:09:53,960 --> 00:09:55,600 Speaker 5: I don't care what it is, don't buy the high. 183 00:09:55,960 --> 00:09:57,920 Speaker 5: Do not buy the high because if not in too much, 184 00:09:57,920 --> 00:10:00,080 Speaker 5: you're going to cry. 185 00:10:01,000 --> 00:10:03,920 Speaker 4: You gotta wait for a pull for the crypto always 186 00:10:03,960 --> 00:10:04,760 Speaker 4: pulls back. 187 00:10:06,840 --> 00:10:09,600 Speaker 2: Violent ten or fifteen years. It's violently. 188 00:10:10,400 --> 00:10:12,839 Speaker 5: Yeah, so it I guess maybe to five or fifty 189 00:10:12,960 --> 00:10:16,760 Speaker 5: nine thousand or sixty five thousand. If it's your first time, 190 00:10:16,920 --> 00:10:19,560 Speaker 5: you can look there. But a pullback is going to happen, 191 00:10:19,559 --> 00:10:19,959 Speaker 5: for sure. 192 00:10:20,320 --> 00:10:22,640 Speaker 3: The pullbacks probably won't be as violent as it gets 193 00:10:22,679 --> 00:10:26,840 Speaker 3: bigger and bigger because more institutions own it and there's 194 00:10:26,880 --> 00:10:30,480 Speaker 3: just more volume, So like it won't probably drop seventy 195 00:10:30,520 --> 00:10:34,120 Speaker 3: five percent like it used to. But crypto historically, if 196 00:10:34,160 --> 00:10:37,560 Speaker 3: you follow crypto, you know one thing is for certain. 197 00:10:38,000 --> 00:10:44,199 Speaker 4: It always has pullbacks, drastic pullbacks. Yep, it has pullbacks. 198 00:10:44,640 --> 00:10:47,160 Speaker 4: This has happened since the beginning of it. It's one 199 00:10:47,160 --> 00:10:47,720 Speaker 4: of these things. 200 00:10:47,720 --> 00:10:51,440 Speaker 3: It's like a hurricane hitting you know a region that 201 00:10:51,559 --> 00:10:53,920 Speaker 3: always gets hit by hurricanes. It's not a matter of win. 202 00:10:54,040 --> 00:10:55,560 Speaker 3: It's a matter of it's not a matter of if. 203 00:10:55,559 --> 00:10:59,280 Speaker 3: It's a matter of win. So I know a lot 204 00:10:59,280 --> 00:11:02,920 Speaker 3: of people are in patient and you're going to kill 205 00:11:02,960 --> 00:11:06,160 Speaker 3: being the patient. Yeah, you have to wait for a pullback, 206 00:11:06,240 --> 00:11:08,280 Speaker 3: especially if you're going to do a lump sum buying. 207 00:11:08,840 --> 00:11:11,080 Speaker 3: If you're doing dollar cost averaging, then that's different. But 208 00:11:11,520 --> 00:11:13,680 Speaker 3: for allumps some buying, you have to wait for a pullback. 209 00:11:14,040 --> 00:11:16,920 Speaker 3: But like I said, the good the good thing is 210 00:11:16,960 --> 00:11:22,000 Speaker 3: that if history is any indicator of the future, and 211 00:11:21,679 --> 00:11:24,599 Speaker 3: we will have a pullback a pretty size. 212 00:11:24,320 --> 00:11:27,439 Speaker 1: Of do we think it happens before the having event? 213 00:11:27,679 --> 00:11:32,120 Speaker 1: So the having event is scheduled for April twentieth, they're 214 00:11:32,160 --> 00:11:35,240 Speaker 1: trying to track the chain to see exactly when it 215 00:11:35,280 --> 00:11:38,160 Speaker 1: happens till April twentieth of twenty twenty four, that's this year, 216 00:11:38,240 --> 00:11:41,880 Speaker 1: forty three days away. Do you think it runs up 217 00:11:41,960 --> 00:11:44,079 Speaker 1: until the having and then we see the pullback? 218 00:11:44,280 --> 00:11:45,000 Speaker 2: What are your thoughts? 219 00:11:45,080 --> 00:11:48,280 Speaker 5: Yeah, yeah, I think so, because I'm looking at the 220 00:11:48,360 --> 00:11:50,560 Speaker 5: data now, the average monthly pullback a bitcoin is like 221 00:11:50,559 --> 00:11:51,360 Speaker 5: twenty eight percent. 222 00:11:51,720 --> 00:11:52,880 Speaker 2: I think gonna run up until then. 223 00:11:52,960 --> 00:11:55,400 Speaker 5: Then they'll have a pullback, and then of course more 224 00:11:55,440 --> 00:11:57,599 Speaker 5: excitement would be into it, more people start to buy in, 225 00:11:57,679 --> 00:12:00,160 Speaker 5: So there's always going to be a step pullback, but 226 00:12:00,200 --> 00:12:02,199 Speaker 5: I think it'll run up until for sure the have 227 00:12:02,360 --> 00:12:02,680 Speaker 5: an event. 228 00:12:03,000 --> 00:12:04,440 Speaker 2: Yeah, and then that'll start again. 229 00:12:04,480 --> 00:12:06,840 Speaker 1: In the four year cycle of bigcoin, which we've talked 230 00:12:06,840 --> 00:12:07,640 Speaker 1: about plenty of times. 231 00:12:07,679 --> 00:12:09,800 Speaker 2: This is year four, which we said is if we 232 00:12:09,840 --> 00:12:10,160 Speaker 2: look at. 233 00:12:10,080 --> 00:12:12,440 Speaker 1: The four year cycles of the bigcoins this inception, that 234 00:12:12,480 --> 00:12:15,000 Speaker 1: fourth year is usually the most prominis when it turns 235 00:12:15,080 --> 00:12:17,640 Speaker 1: of how far it climbs, and so within that now, 236 00:12:17,640 --> 00:12:20,440 Speaker 1: obviously we've hit all time high. It's it's pretty accurate, right, 237 00:12:20,559 --> 00:12:22,200 Speaker 1: It's hit this all time hide in the fourth year 238 00:12:22,240 --> 00:12:23,720 Speaker 1: of the cycle, and there will start another one. 239 00:12:24,400 --> 00:12:27,640 Speaker 5: So yeah, And for everyone who says we haven't talked 240 00:12:27,640 --> 00:12:30,319 Speaker 5: about crypto before a bitcoin, I don't know what rock 241 00:12:30,360 --> 00:12:34,480 Speaker 5: you just climb from under. But it's not true. I 242 00:12:34,520 --> 00:12:36,880 Speaker 5: love you, I appreciate you. Invest in the market. Then 243 00:12:36,880 --> 00:12:39,559 Speaker 5: you won't have to make crazy comments on Twitter and 244 00:12:39,600 --> 00:12:42,760 Speaker 5: the review videos that pay you forty three dollars text me, 245 00:12:42,760 --> 00:12:44,079 Speaker 5: I'll give you the fifty bucks. 246 00:12:46,200 --> 00:12:49,120 Speaker 2: So it is crazy, oh the two dollars CPM play. 247 00:12:49,280 --> 00:12:52,360 Speaker 3: So man, we talk about bigcoin a lot, but what's 248 00:12:52,400 --> 00:12:56,719 Speaker 3: some all coins? What's five all coins that people can 249 00:12:56,760 --> 00:12:59,240 Speaker 3: invest in? All coins are alternative coin pretty much any 250 00:12:59,320 --> 00:13:00,599 Speaker 3: crypto current see. 251 00:13:00,400 --> 00:13:02,439 Speaker 2: Not not big not named bigco. 252 00:13:02,600 --> 00:13:06,280 Speaker 3: So what what is some other alternative cryptocurrencies that people 253 00:13:06,320 --> 00:13:07,960 Speaker 3: can put on their watch list? 254 00:13:08,760 --> 00:13:10,079 Speaker 5: This first time, I want to turn it back to 255 00:13:10,120 --> 00:13:12,400 Speaker 5: the audience and say, for my crypto experts and the audience, 256 00:13:12,400 --> 00:13:15,520 Speaker 5: what do you think are five I don't know, I'm 257 00:13:15,559 --> 00:13:18,480 Speaker 5: not an coin expert, but let me see what baby 258 00:13:18,520 --> 00:13:19,080 Speaker 5: dogs doing. 259 00:13:19,640 --> 00:13:22,160 Speaker 2: Let me see. I think we start with Ethereum, right, 260 00:13:22,360 --> 00:13:23,160 Speaker 2: like number one. 261 00:13:23,520 --> 00:13:27,080 Speaker 1: If if we're is ethereum and all, well it's anything 262 00:13:27,160 --> 00:13:30,240 Speaker 1: not bigcoin, right, And so if we have to start 263 00:13:30,240 --> 00:13:32,760 Speaker 1: with number one on the list, we can go Ethereum, 264 00:13:32,800 --> 00:13:34,520 Speaker 1: and then we can talk about the rest, right, because 265 00:13:34,640 --> 00:13:37,920 Speaker 1: it's been number two with for however long it has. 266 00:13:39,080 --> 00:13:41,880 Speaker 1: Most of the coins are built off of this network, 267 00:13:42,880 --> 00:13:44,640 Speaker 1: but you do have a few others that are trying 268 00:13:44,640 --> 00:13:45,200 Speaker 1: to combat it. 269 00:13:45,240 --> 00:13:47,600 Speaker 2: And I'll give a couple after you do. But Solona 270 00:13:47,600 --> 00:13:50,160 Speaker 2: and XRP of course, Alanta exactly, yeah, exact, yeah, so 271 00:13:50,360 --> 00:13:50,920 Speaker 2: we got eight. 272 00:13:51,040 --> 00:13:53,760 Speaker 1: XRP would probably be in that list as well, Solana 273 00:13:54,760 --> 00:13:58,120 Speaker 1: and even I don't know, we'll see, but finance coin, 274 00:13:58,440 --> 00:14:00,120 Speaker 1: I mean, these are in the top four. They in 275 00:14:00,160 --> 00:14:03,240 Speaker 1: there for the past five years and from the standpoint 276 00:14:03,280 --> 00:14:05,600 Speaker 1: of why we said coin base is important would be 277 00:14:05,640 --> 00:14:08,199 Speaker 1: equally the reason why binance coin is in point because 278 00:14:08,200 --> 00:14:12,160 Speaker 1: Finance is the number one global platform that trades cryptocurrency, 279 00:14:12,559 --> 00:14:15,720 Speaker 1: including Bitcoin and all these other on points, and it's 280 00:14:15,720 --> 00:14:18,720 Speaker 1: transaction fees that come with trading. So if they have 281 00:14:18,800 --> 00:14:22,400 Speaker 1: the platform and their number one, I mean, it's kind 282 00:14:22,400 --> 00:14:23,560 Speaker 1: of a win win business for them. 283 00:14:23,600 --> 00:14:25,920 Speaker 2: So I would push them in there, and then. 284 00:14:25,920 --> 00:14:29,120 Speaker 1: I will that's like three, I'll throw two Solana you said, 285 00:14:29,280 --> 00:14:31,600 Speaker 1: which would be four, and I'll throw like maybe two 286 00:14:31,600 --> 00:14:35,760 Speaker 1: wild cards. And I've talked about them before, but Avalanche 287 00:14:36,360 --> 00:14:38,880 Speaker 1: and Polygon got to be madic. 288 00:14:39,160 --> 00:14:40,320 Speaker 2: I'll throw those two in there. 289 00:14:40,480 --> 00:14:43,880 Speaker 1: From a market cap standpoint and from a functionality standpoint, 290 00:14:44,200 --> 00:14:46,440 Speaker 1: Avalanche is kind of like I wouldn't call it a arrival, 291 00:14:46,520 --> 00:14:48,680 Speaker 1: but they're trying to combat like sometimes we talk about 292 00:14:48,680 --> 00:14:51,000 Speaker 1: when you go out too far, people can actually see 293 00:14:51,000 --> 00:14:53,040 Speaker 1: the functionality and say how do we improve That's what 294 00:14:53,080 --> 00:14:56,359 Speaker 1: Avalanche is kind of done with Ethereum. And then Polygon 295 00:14:56,800 --> 00:15:00,840 Speaker 1: is another one again built on eat their this platform, 296 00:15:01,200 --> 00:15:04,840 Speaker 1: but it handles scalability and payments, and so I think 297 00:15:05,040 --> 00:15:08,440 Speaker 1: those that would be a nice basket of all coins 298 00:15:08,560 --> 00:15:11,640 Speaker 1: and I mean those are still up there, so I'll 299 00:15:11,720 --> 00:15:12,280 Speaker 1: let you put. 300 00:15:12,120 --> 00:15:13,600 Speaker 2: That on poker dot. 301 00:15:13,840 --> 00:15:18,520 Speaker 5: Yeah, poker dot, I poke yeah, shout out JP Morgan. 302 00:15:18,560 --> 00:15:23,600 Speaker 2: Coin cooking. They got some other ones that are cooking too. Uh. 303 00:15:23,880 --> 00:15:24,840 Speaker 2: When you talk about. 304 00:15:24,720 --> 00:15:30,080 Speaker 1: Just but that's that's that's the crypt the main mania. 305 00:15:30,160 --> 00:15:33,320 Speaker 1: It's like you see a coin go up a thousand percent, right, 306 00:15:33,400 --> 00:15:36,040 Speaker 1: it's less than two cents, and you're like, oh, I 307 00:15:36,040 --> 00:15:38,800 Speaker 1: can put one hundred dollars in that and hopefully it'll grow. 308 00:15:39,120 --> 00:15:42,400 Speaker 2: Sometimes that doesn't work, right, we we're just that's just gambling. 309 00:15:42,440 --> 00:15:45,240 Speaker 1: Like you have no idea, even when you read a 310 00:15:45,280 --> 00:15:48,040 Speaker 1: white paper, you have no idea. You just like, let's 311 00:15:48,040 --> 00:15:50,360 Speaker 1: just throw this money away if we can, and hopefully 312 00:15:50,360 --> 00:15:53,960 Speaker 1: it makes money. We'll see shout out to the sheep 313 00:15:54,000 --> 00:16:00,480 Speaker 1: a coin enthusiasts. Shot yeah, people, I mean people made money. 314 00:16:00,480 --> 00:16:02,880 Speaker 1: We can knocket people made money off I'm not mad 315 00:16:02,920 --> 00:16:05,080 Speaker 1: at that people made money off of does. 316 00:16:07,040 --> 00:16:10,680 Speaker 3: So let me ask you this. One of the frequently 317 00:16:10,720 --> 00:16:15,080 Speaker 3: asked questions amongst people is when to sell an investment. 318 00:16:15,680 --> 00:16:17,880 Speaker 3: This is something that we just talked about Mark Zuckerberg 319 00:16:17,920 --> 00:16:20,120 Speaker 3: and all these guys selling their stocks. So we talk 320 00:16:20,160 --> 00:16:24,240 Speaker 3: about buying and holding, but at some point you have 321 00:16:24,320 --> 00:16:27,280 Speaker 3: to sell at some point, whether it's you sell a home, 322 00:16:28,120 --> 00:16:33,200 Speaker 3: you sell bitcoin, you sell Apple stock, unless you just 323 00:16:33,240 --> 00:16:36,080 Speaker 3: pass it down to generations and then generations in. 324 00:16:36,040 --> 00:16:39,640 Speaker 4: Generations, which will be ideal. Yeah, but all right. 325 00:16:39,720 --> 00:16:41,960 Speaker 3: The number one question that people have all the time 326 00:16:42,080 --> 00:16:46,560 Speaker 3: is we talk about when to buy, looking to pullbacks 327 00:16:47,280 --> 00:16:51,400 Speaker 3: dollar cost average, don't buy all time highs. 328 00:16:51,760 --> 00:16:55,640 Speaker 2: Yeah, twenty fifty drop, but when. 329 00:16:55,480 --> 00:16:56,040 Speaker 4: Do you sell? 330 00:16:58,480 --> 00:17:00,560 Speaker 2: My role of thumb is five or ten years. 331 00:17:00,680 --> 00:17:02,840 Speaker 5: If you want to do time based exits, if you 332 00:17:02,880 --> 00:17:04,880 Speaker 5: want to do percentage based, once you get to five 333 00:17:05,000 --> 00:17:08,160 Speaker 5: hundred percent, you can look to take a profit at 334 00:17:08,160 --> 00:17:11,520 Speaker 5: that point, or if you've gotten to fifteen hundred percent, 335 00:17:11,560 --> 00:17:14,480 Speaker 5: like most technology most technology stocks over ten year period 336 00:17:15,000 --> 00:17:17,119 Speaker 5: have a potential to hit fifteen hundred percent. 337 00:17:17,160 --> 00:17:19,119 Speaker 2: You have some that are not there. 338 00:17:19,480 --> 00:17:21,240 Speaker 5: It will be my same rule of thumb for crypto 339 00:17:21,520 --> 00:17:24,280 Speaker 5: five hundred percent, fifteen hundred percent or a five or 340 00:17:24,320 --> 00:17:25,000 Speaker 5: ten year period. 341 00:17:25,000 --> 00:17:27,080 Speaker 2: That's the easiest way to know, like when to sell 342 00:17:27,119 --> 00:17:27,639 Speaker 2: or liquid eight. 343 00:17:27,720 --> 00:17:29,440 Speaker 5: For those who like I don't want to hold that long, 344 00:17:31,320 --> 00:17:33,520 Speaker 5: I don't know what to tell you, Like even this 345 00:17:33,560 --> 00:17:34,080 Speaker 5: four year. 346 00:17:33,960 --> 00:17:35,400 Speaker 2: Run and bitcoin has been incredible. 347 00:17:35,760 --> 00:17:37,960 Speaker 5: If you held in video for four or five years, 348 00:17:38,000 --> 00:17:40,520 Speaker 5: the return like going back to that four year cycle 349 00:17:40,560 --> 00:17:43,280 Speaker 5: with the have an event, Like most great investors are 350 00:17:43,280 --> 00:17:47,200 Speaker 5: looking to hold for seven years anyway, So whole five years, 351 00:17:47,280 --> 00:17:50,480 Speaker 5: five hundred percent, fifteen hundred percent, that's when you should exit. 352 00:17:51,920 --> 00:17:54,000 Speaker 2: Yeah, I'm with you on that. 353 00:17:54,240 --> 00:17:57,399 Speaker 1: For stocks, again, that's like a pass down thing, so 354 00:17:57,440 --> 00:17:59,800 Speaker 1: that that's why we want to accumulate them, right, so 355 00:18:00,080 --> 00:18:04,679 Speaker 1: we create studio accounts to pass them down. But in options, 356 00:18:04,840 --> 00:18:08,800 Speaker 1: it's always percentage for me, especially on the positive side. Yeah, yeah, once, 357 00:18:08,840 --> 00:18:11,800 Speaker 1: I once if it's anywhere between fifty to one hundred, 358 00:18:11,800 --> 00:18:13,520 Speaker 1: depending on what position. I mean, I always like to 359 00:18:13,920 --> 00:18:15,719 Speaker 1: I say that all the time, like know where you're 360 00:18:15,720 --> 00:18:16,440 Speaker 1: going to exit. 361 00:18:16,240 --> 00:18:16,800 Speaker 2: Before you enter. 362 00:18:16,960 --> 00:18:19,160 Speaker 1: So most times I'm looking for one hundred percent return, 363 00:18:19,240 --> 00:18:22,119 Speaker 1: But sometimes I've sent that to to my brother G. 364 00:18:22,200 --> 00:18:23,680 Speaker 1: I'm like, yeah, I think this's gonna be a forty 365 00:18:23,680 --> 00:18:26,240 Speaker 1: percent return right here, And sometimes it is easy. So 366 00:18:26,320 --> 00:18:28,679 Speaker 1: if I get to one hundred, I take my initial 367 00:18:28,680 --> 00:18:31,679 Speaker 1: investment out and then we'll let the rest go on 368 00:18:31,760 --> 00:18:33,359 Speaker 1: the downside. And this is when you've got to be 369 00:18:33,359 --> 00:18:36,600 Speaker 1: super disciplined. It's like if you see uh an investment 370 00:18:36,640 --> 00:18:43,600 Speaker 1: that is starting to go opposite and go red thrushoot, 371 00:18:45,400 --> 00:18:47,760 Speaker 1: and it's like, all right, well let's revisit it. It 372 00:18:47,760 --> 00:18:51,400 Speaker 1: doesn't mean that the contract was bad or the company 373 00:18:51,480 --> 00:18:53,199 Speaker 1: was bad, but the timing of when you got it 374 00:18:53,320 --> 00:18:55,280 Speaker 1: might have been a little bit of So I definitely 375 00:18:55,320 --> 00:18:58,920 Speaker 1: in options, I'm doing percentage. But stocks, yeah, I'm I'm 376 00:18:59,240 --> 00:19:01,639 Speaker 1: long term. I'm five to however long I need to 377 00:19:01,640 --> 00:19:03,399 Speaker 1: hold the stocks, I'm gonna hold them. Yeah, Because I 378 00:19:03,400 --> 00:19:05,720 Speaker 1: don't treat it like it's just yeah, same futures, right, 379 00:19:05,720 --> 00:19:07,919 Speaker 1: it's the same same principle, I don't. I think people 380 00:19:08,119 --> 00:19:11,840 Speaker 1: treat their brokerage account like their checking account, and that's 381 00:19:11,880 --> 00:19:15,959 Speaker 1: like a very it's a dangerous habits. It's a dangerous 382 00:19:15,960 --> 00:19:17,560 Speaker 1: habit to get into, and it's a bad habit to 383 00:19:17,600 --> 00:19:19,600 Speaker 1: get into. So if you see money coming into the 384 00:19:19,640 --> 00:19:22,159 Speaker 1: brokens account and you're making money on a daily or 385 00:19:22,160 --> 00:19:25,000 Speaker 1: weekly or monthly basis, it's like, all right, well that 386 00:19:25,119 --> 00:19:27,199 Speaker 1: money now I should just keep transferring it. 387 00:19:27,600 --> 00:19:30,600 Speaker 2: Well, you've made the money, it's your brokerage account. 388 00:19:30,600 --> 00:19:34,000 Speaker 1: Maybe you should figure out another way to reinvest it 389 00:19:34,040 --> 00:19:38,479 Speaker 1: in another proposition or position, not proposition for another position. 390 00:19:38,920 --> 00:19:41,159 Speaker 2: Just my rule of dumb, but I see a lot 391 00:19:41,160 --> 00:19:41,760 Speaker 2: of people doing that. 392 00:19:41,760 --> 00:19:45,679 Speaker 1: They treat the brokerage account like the checking or savings account, 393 00:19:45,760 --> 00:19:47,359 Speaker 1: and now they give you a debit card too, So 394 00:19:47,400 --> 00:19:49,880 Speaker 1: like even some brokerages, you can get a debit card 395 00:19:50,040 --> 00:19:51,840 Speaker 1: that's attached to your wage and you can use that, 396 00:19:52,359 --> 00:19:57,840 Speaker 1: which again kind of the mistake, yeah, kind of of investing. 397 00:19:58,800 --> 00:20:01,640 Speaker 4: So I think you also, so, well, here's a day 398 00:20:03,359 --> 00:20:05,600 Speaker 4: to play the other side of the fence here. 399 00:20:07,680 --> 00:20:10,399 Speaker 3: Most people probably not gonna get five hundred percent rate 400 00:20:10,440 --> 00:20:11,640 Speaker 3: of return on the investment. 401 00:20:12,080 --> 00:20:14,280 Speaker 2: If they listen to us, they will for sure. 402 00:20:14,960 --> 00:20:19,560 Speaker 3: Well, just on average, the stock market usually increases lower 403 00:20:19,600 --> 00:20:21,879 Speaker 3: than that, right unless you hit a good stock. But 404 00:20:21,920 --> 00:20:27,400 Speaker 3: then investing in individual stocks is extremely risky. So I 405 00:20:27,400 --> 00:20:29,600 Speaker 3: think you get out when the when the boat starts 406 00:20:29,600 --> 00:20:33,640 Speaker 3: to sink, and that always doesn't correlate the time when 407 00:20:33,680 --> 00:20:36,159 Speaker 3: you start to see the ship going down. You have 408 00:20:36,240 --> 00:20:41,200 Speaker 3: to get out because you can ride. You can ride 409 00:20:41,280 --> 00:20:43,480 Speaker 3: something all the way down to the basement. And I 410 00:20:43,520 --> 00:20:47,240 Speaker 3: feel like that's the danger with individual stocks. That's why 411 00:20:47,320 --> 00:20:51,080 Speaker 3: ETFs and index funds are safer investment than an individual stock. 412 00:20:51,520 --> 00:20:55,120 Speaker 4: Very rarely well, an ETF that is a good ETF 413 00:20:55,280 --> 00:21:00,199 Speaker 4: or a good index just spiral out of control and 414 00:21:00,320 --> 00:21:02,760 Speaker 4: never ever and never come back. Because they have the 415 00:21:02,760 --> 00:21:05,879 Speaker 4: they have the they have the power to reposition their portfolio. 416 00:21:06,320 --> 00:21:08,920 Speaker 4: So it's like QQQ right, Like they have all these 417 00:21:08,960 --> 00:21:12,400 Speaker 4: top technology companies. But let's say that all these top 418 00:21:12,400 --> 00:21:15,720 Speaker 4: technology companies fall and now the new crop of technology 419 00:21:15,720 --> 00:21:18,919 Speaker 4: companies are open AI neural link. When they when they. 420 00:21:18,800 --> 00:21:23,040 Speaker 3: Debut SpaceX, all the five new top companies in the 421 00:21:23,040 --> 00:21:26,119 Speaker 3: next fifteen years, they can change their portfolio and now 422 00:21:26,160 --> 00:21:29,280 Speaker 3: they'll include those companies as opposed to Apple, Microsoft, and Google, 423 00:21:29,320 --> 00:21:31,560 Speaker 3: who might have been the leaders for the last ten years. 424 00:21:31,680 --> 00:21:34,120 Speaker 3: But when you're in when you're in with one company, 425 00:21:34,440 --> 00:21:38,400 Speaker 3: let's say Apple, and you know it's had a historic run, 426 00:21:38,760 --> 00:21:40,119 Speaker 3: and it goes up, and it goes up, and it 427 00:21:40,119 --> 00:21:42,440 Speaker 3: goes up. But let's say hypothetically, I'm not saying that 428 00:21:42,480 --> 00:21:45,040 Speaker 3: this will happen, but hypothetically, they just start missing. They 429 00:21:45,080 --> 00:21:48,600 Speaker 3: start missing on everything, they start falling apart. Da if 430 00:21:48,600 --> 00:21:51,159 Speaker 3: your if your theory is just to hold it for 431 00:21:51,240 --> 00:21:54,600 Speaker 3: a long period of time, that's not going to work 432 00:21:55,160 --> 00:21:57,600 Speaker 3: if the company is falling apart in front of your eyes. 433 00:21:58,240 --> 00:22:00,720 Speaker 3: So you have to be a lot more hands on 434 00:22:00,840 --> 00:22:03,280 Speaker 3: when you're dealing with individual stocks. 435 00:22:04,640 --> 00:22:07,639 Speaker 1: Yeah, well, but I mean I hear what you're saying, 436 00:22:07,960 --> 00:22:10,160 Speaker 1: which is true, But it depends on on the entry 437 00:22:10,400 --> 00:22:12,720 Speaker 1: of when you got into the position, right, So like 438 00:22:13,119 --> 00:22:15,919 Speaker 1: an Apple is somebody invested in that, and I don't know, 439 00:22:16,119 --> 00:22:20,520 Speaker 1: let's say the two thousand and seven how many times 440 00:22:20,520 --> 00:22:21,080 Speaker 1: has it split? 441 00:22:21,720 --> 00:22:21,920 Speaker 2: Right? 442 00:22:22,040 --> 00:22:25,640 Speaker 1: So, like even a pullback of twenty percent, Yes, that's drastic, 443 00:22:26,280 --> 00:22:29,760 Speaker 1: but you've appreciated by over one thousand percent. 444 00:22:29,840 --> 00:22:32,359 Speaker 4: Well that's why it's not. It's not except formula. It's 445 00:22:32,359 --> 00:22:34,120 Speaker 4: an eye test. You know. 446 00:22:34,200 --> 00:22:40,000 Speaker 3: If IBM is it's going down, got to know sometimes 447 00:22:40,040 --> 00:22:43,040 Speaker 3: like this is falling apart, it's over. Sure, this is 448 00:22:43,040 --> 00:22:46,199 Speaker 3: a short term pullback. It's a opportunity for me to 449 00:22:46,200 --> 00:22:51,159 Speaker 3: buy more. Yeah, yes, or sectors changed. You might have 450 00:22:51,200 --> 00:22:54,639 Speaker 3: been invested in the airline industry was booming and airlines 451 00:22:54,720 --> 00:22:55,679 Speaker 3: is its not. 452 00:22:55,760 --> 00:22:56,400 Speaker 4: It's not the same. 453 00:22:56,720 --> 00:22:59,960 Speaker 2: We'll fall off here in Houston and crush your car. Yeah, yeah, 454 00:23:00,119 --> 00:23:01,280 Speaker 2: the door fall off a plane. 455 00:23:01,359 --> 00:23:05,160 Speaker 4: Everything doesn't stay. Everything. All sectors change over the course 456 00:23:05,160 --> 00:23:05,440 Speaker 4: of time. 457 00:23:05,480 --> 00:23:08,480 Speaker 3: As far as what what everybody now is on AI 458 00:23:08,760 --> 00:23:12,080 Speaker 3: and chips, that's what everybody's on right now. Ten years 459 00:23:12,080 --> 00:23:15,240 Speaker 3: from now, who knows it might be something else. So 460 00:23:15,320 --> 00:23:17,840 Speaker 3: that's important to keep in mind too. Is like you know, 461 00:23:17,880 --> 00:23:22,159 Speaker 3: you gotta you gotta be It's like a gardener, you 462 00:23:22,240 --> 00:23:25,520 Speaker 3: gotta you gotta really pay attention to the crop. 463 00:23:26,800 --> 00:23:29,159 Speaker 4: And there's no set formula. That's what I think. I 464 00:23:29,160 --> 00:23:30,720 Speaker 4: don't think there's really a set formula. 465 00:23:31,880 --> 00:23:33,960 Speaker 2: If I can offer some pushback to cut it, twenty 466 00:23:34,000 --> 00:23:37,760 Speaker 2: and twenty is a set formula that keep you safe. Yeah, 467 00:23:37,800 --> 00:23:39,600 Speaker 2: but percentage wise, that's your stop. 468 00:23:39,840 --> 00:23:42,640 Speaker 3: It's like, all right, during COVID, right every stock went 469 00:23:42,680 --> 00:23:45,200 Speaker 3: down twenty thirty, you would have sold your whole portfolio. 470 00:23:45,800 --> 00:23:47,639 Speaker 2: And then got back in when I told them to you, 471 00:23:47,800 --> 00:23:49,480 Speaker 2: you would have made you would have stopped that your 472 00:23:49,560 --> 00:23:51,360 Speaker 2: losses and then and got back in. 473 00:23:51,520 --> 00:23:55,480 Speaker 3: The problem is the problem with that it's hard to 474 00:23:55,680 --> 00:23:58,040 Speaker 3: buy at the bottoms. There's a reason why most people 475 00:23:58,040 --> 00:24:00,320 Speaker 3: buy at the tops and not the bottoms because the 476 00:24:00,359 --> 00:24:05,719 Speaker 3: averaging is a lack of discipline. Yeah, that and just confidence, 477 00:24:06,119 --> 00:24:08,280 Speaker 3: a variety of different things. When something drops, you you 478 00:24:08,359 --> 00:24:09,840 Speaker 3: think it's going to you don't know when it's going 479 00:24:09,880 --> 00:24:12,640 Speaker 3: to stop. You think it's going to keep dropping. That's 480 00:24:12,680 --> 00:24:14,879 Speaker 3: why most people buying highs and not a low. If 481 00:24:14,920 --> 00:24:17,680 Speaker 3: that was the case that everybody was that intelligent, every 482 00:24:17,680 --> 00:24:19,480 Speaker 3: single person will buy a stock market lows. 483 00:24:19,680 --> 00:24:22,040 Speaker 1: But that's why we're creating intelligent investors, right, So if 484 00:24:22,040 --> 00:24:24,680 Speaker 1: they have to stop loss at twenty percent, that stock 485 00:24:24,720 --> 00:24:27,040 Speaker 1: comes down twenty percent, it gets cut off the profits 486 00:24:27,119 --> 00:24:30,000 Speaker 1: or whatever it is there if they're watching it. Like 487 00:24:30,040 --> 00:24:32,479 Speaker 1: you said, being diligent is important. So you can actually 488 00:24:32,520 --> 00:24:34,440 Speaker 1: have to be intensioned again. You can watch that trend 489 00:24:34,480 --> 00:24:36,560 Speaker 1: going up, right, you're not buying that the high. 490 00:24:36,600 --> 00:24:38,399 Speaker 2: You're buying it. On that climb back up. 491 00:24:38,280 --> 00:24:40,280 Speaker 1: It might hit the twenty percent where you sold that 492 00:24:40,359 --> 00:24:43,200 Speaker 1: and say, all right, well we're trending again in an 493 00:24:43,200 --> 00:24:46,439 Speaker 1: appreciation man, So now I can reinvest. In fact, I 494 00:24:46,480 --> 00:24:48,520 Speaker 1: might have even more capital than I did before. 495 00:24:48,320 --> 00:24:49,200 Speaker 2: Too not reinvest. 496 00:24:49,359 --> 00:24:52,080 Speaker 1: And so the diligent part is important, but the stop 497 00:24:52,119 --> 00:24:53,400 Speaker 1: loss is important too, I think. 498 00:24:53,520 --> 00:24:55,080 Speaker 2: But there's also a thing we got to make sure 499 00:24:55,080 --> 00:24:56,240 Speaker 2: that we encourage us. 500 00:24:56,280 --> 00:24:59,000 Speaker 3: There's also a strategy of a dollar cost averaging on 501 00:24:59,040 --> 00:25:02,159 Speaker 3: the downside. That's that's so, but instead of selling, you 502 00:25:02,200 --> 00:25:05,439 Speaker 3: could actually be buying with more, which which actually lowers 503 00:25:05,440 --> 00:25:08,280 Speaker 3: depending on what you do where you purchase. That's actually 504 00:25:08,320 --> 00:25:13,879 Speaker 3: beneficial for your portfolio because it lowers your your buying price. 505 00:25:14,800 --> 00:25:16,560 Speaker 1: With the diligence, I think that's the most important, right 506 00:25:16,600 --> 00:25:18,520 Speaker 1: because people say I bought the dip, then I bought 507 00:25:18,560 --> 00:25:20,160 Speaker 1: the dip, and then it dipped again, and it dipped, 508 00:25:20,240 --> 00:25:21,240 Speaker 1: and it did and it did. 509 00:25:22,000 --> 00:25:22,280 Speaker 2: That's what. 510 00:25:22,320 --> 00:25:24,280 Speaker 1: You got to be super diligent when it comes to that, 511 00:25:26,080 --> 00:25:26,960 Speaker 1: and then it dips again. 512 00:25:28,359 --> 00:25:30,719 Speaker 2: Yeah, two hundred day moving average. 513 00:25:30,760 --> 00:25:32,800 Speaker 5: We talked to seventy two moving like, go back and 514 00:25:32,840 --> 00:25:33,920 Speaker 5: watch every episode. 515 00:25:35,000 --> 00:25:36,160 Speaker 2: The blueprint is there. 516 00:25:36,200 --> 00:25:38,119 Speaker 5: And also if everyone on earth is talking about it, 517 00:25:38,119 --> 00:25:40,840 Speaker 5: it's too late, Like when I called them video on 518 00:25:40,880 --> 00:25:44,120 Speaker 5: the show, like winning video. A few years no one 519 00:25:44,119 --> 00:25:46,000 Speaker 5: thought there would be this, darling. Like some things you 520 00:25:46,119 --> 00:25:48,200 Speaker 5: like eye test, you have to actually see, Like when 521 00:25:48,200 --> 00:25:51,280 Speaker 5: I had my computer built, I told the story before. 522 00:25:51,320 --> 00:25:52,520 Speaker 5: Like when I would be in a trading room, I 523 00:25:52,520 --> 00:25:54,920 Speaker 5: would see the move happened two seconds before everyone else 524 00:25:54,960 --> 00:25:58,680 Speaker 5: because of the en video chip. Like then, like you said, 525 00:25:58,680 --> 00:26:00,880 Speaker 5: things are run up. Now it's hot, it's too late 526 00:26:00,880 --> 00:26:03,240 Speaker 5: to get in. You gotta buy a low and sell high. 527 00:26:03,280 --> 00:26:07,320 Speaker 5: If not, you are choosing to go broke. I deserve 528 00:26:07,359 --> 00:26:09,439 Speaker 5: to be rich, I deserve to be happy. I deserve 529 00:26:09,480 --> 00:26:11,040 Speaker 5: to be wealthy. I deserve to be free. You have 530 00:26:11,080 --> 00:26:12,080 Speaker 5: to believe that, and. 531 00:26:12,000 --> 00:26:13,920 Speaker 2: I just get it. Yep. 532 00:26:15,280 --> 00:26:18,360 Speaker 3: So all right, staying within the bigcoin thing, for one 533 00:26:18,440 --> 00:26:20,840 Speaker 3: last thing, what price would you advise people to get 534 00:26:20,840 --> 00:26:21,439 Speaker 3: in ibit? 535 00:26:23,320 --> 00:26:31,919 Speaker 2: Oh, great question. Let me look at this. I love it. 536 00:26:31,920 --> 00:26:34,880 Speaker 5: If it gets back down at twenty five eighty three, 537 00:26:35,600 --> 00:26:39,520 Speaker 5: going back to being patient, it debuted at twenty seven 538 00:26:39,640 --> 00:26:42,400 Speaker 5: ninety four. It's on the hell of a run. It's 539 00:26:42,440 --> 00:26:44,720 Speaker 5: at forty one forty six right now. You cannot buy 540 00:26:45,240 --> 00:26:48,160 Speaker 5: ten to fifteen percent from the high. So that's why 541 00:26:48,240 --> 00:26:50,360 Speaker 5: I like it. If I'm going to be greedy, I'll 542 00:26:50,359 --> 00:26:52,600 Speaker 5: wait till the yearly open of twenty seven ninety four 543 00:26:52,640 --> 00:26:55,000 Speaker 5: and by there. So those are the two prices that 544 00:26:55,040 --> 00:26:56,840 Speaker 5: I like. So it may run away, but at some 545 00:26:56,840 --> 00:26:58,480 Speaker 5: point we'll have a pullback. You may have to wait 546 00:26:58,480 --> 00:27:00,000 Speaker 5: to have to happen, and you'll be good. 547 00:27:00,720 --> 00:27:01,760 Speaker 4: And that's the big coin. 548 00:27:02,280 --> 00:27:04,200 Speaker 2: It's the ETF ETF. It's a ETF. 549 00:27:04,320 --> 00:27:05,840 Speaker 1: Yeah, we gave it, and I gave you the other one. 550 00:27:06,000 --> 00:27:10,040 Speaker 1: Uh bit b b I t B similar. You could 551 00:27:10,040 --> 00:27:12,800 Speaker 1: look at the charge, look at the sension another bitcoin ETF. 552 00:27:12,920 --> 00:27:15,200 Speaker 3: What's the benefit for I already know, it's gonna be 553 00:27:15,200 --> 00:27:17,720 Speaker 3: pushed back to say, if you don't own the coins, 554 00:27:17,800 --> 00:27:21,199 Speaker 3: you don't own crypto. It's not you don't really, you're not. 555 00:27:21,800 --> 00:27:25,080 Speaker 3: You're not owning bigcoin if you invest in the ETF. 556 00:27:25,160 --> 00:27:29,040 Speaker 3: But the ETF is also regulated, so you have protection 557 00:27:29,119 --> 00:27:32,680 Speaker 3: in place as opposed to own Yeah, So what would 558 00:27:32,720 --> 00:27:37,960 Speaker 3: be the advantages or disadvantage as far as owning crypto 559 00:27:38,080 --> 00:27:41,480 Speaker 3: bitcoin in the ETF as opposed to the regular way. 560 00:27:42,200 --> 00:27:44,119 Speaker 5: Number one thing is priced because most people don't have 561 00:27:44,119 --> 00:27:45,840 Speaker 5: seventy three thousand dollars for one coin. 562 00:27:46,320 --> 00:27:48,520 Speaker 3: But you can also you can buy fractional shares with 563 00:27:48,560 --> 00:27:51,200 Speaker 3: bigcoin though, So that's the bestru with crypto is that 564 00:27:51,240 --> 00:27:52,600 Speaker 3: you could just you can put one hundred dollars in 565 00:27:52,600 --> 00:27:55,399 Speaker 3: the big coin and own zero zero point one whatever 566 00:27:55,480 --> 00:27:56,240 Speaker 3: that equals. 567 00:27:56,600 --> 00:27:56,959 Speaker 2: Yeah. 568 00:27:57,480 --> 00:28:00,400 Speaker 1: Yeah, but when the other part is that when you're 569 00:28:00,440 --> 00:28:04,080 Speaker 1: buying it, especially and we know because we've purchased bigcoling before, 570 00:28:05,160 --> 00:28:07,800 Speaker 1: the regulation that comes with that. I mean, it's it 571 00:28:07,800 --> 00:28:09,400 Speaker 1: could be the wild wild West, right if I use 572 00:28:09,440 --> 00:28:11,119 Speaker 1: buying ins it can get tricky. 573 00:28:11,200 --> 00:28:13,639 Speaker 3: Well, that's the number one Thing's the safety secure? Like 574 00:28:13,920 --> 00:28:16,280 Speaker 3: to me, that's the biggest thing. You don't it's regulated, 575 00:28:16,359 --> 00:28:19,240 Speaker 3: stock market is regulated. You're not going to get robbed 576 00:28:19,400 --> 00:28:23,600 Speaker 3: for your for your money. That would be the biggest 577 00:28:23,640 --> 00:28:26,720 Speaker 3: thing as far as a security standpoint that that would be. 578 00:28:26,720 --> 00:28:29,440 Speaker 3: And it's what an institution it is not just you know, 579 00:28:29,960 --> 00:28:31,680 Speaker 3: I would think that that would be the number one 580 00:28:31,880 --> 00:28:33,640 Speaker 3: and they're probably the only advantage. 581 00:28:33,720 --> 00:28:35,520 Speaker 2: That's what I was saying, if you asked the question 582 00:28:35,560 --> 00:28:36,120 Speaker 2: of safety. 583 00:28:36,880 --> 00:28:39,880 Speaker 1: Safety first, Yeah, I mean, we've seen too many instances, 584 00:28:40,040 --> 00:28:42,400 Speaker 1: even like in the early days when we were trying 585 00:28:42,400 --> 00:28:46,080 Speaker 1: to figure this out, getting a USB and remember your catchphrase, 586 00:28:46,160 --> 00:28:49,440 Speaker 1: and if you don't have every set all seventeen words, 587 00:28:49,440 --> 00:28:51,840 Speaker 1: you can't get into your wallet. And should I keep 588 00:28:51,880 --> 00:28:54,640 Speaker 1: it on or should I have a cold wallet? I mean, 589 00:28:54,640 --> 00:28:57,440 Speaker 1: it's just a lot for the average person that has 590 00:28:57,520 --> 00:28:59,720 Speaker 1: no idea. It's just too much of a barrier to 591 00:28:59,720 --> 00:29:02,840 Speaker 1: get it to So pay it safe. You know how 592 00:29:02,840 --> 00:29:07,360 Speaker 1: to buy an ETA. It's very very simple. Security a 593 00:29:07,480 --> 00:29:08,200 Speaker 1: safety first. 594 00:29:08,240 --> 00:29:11,880 Speaker 6: An illegal alien from Guatemala charged with raping a child 595 00:29:11,920 --> 00:29:15,720 Speaker 6: in Massachusetts. An MS thirteen gang member from Al Salvador 596 00:29:15,960 --> 00:29:20,080 Speaker 6: accused of murdering a Texas. Man of Venezuelan charged with 597 00:29:20,160 --> 00:29:24,040 Speaker 6: filming and selling child pornography in Michigan. These are just 598 00:29:24,160 --> 00:29:27,920 Speaker 6: some of the heinous migrant criminals caught because of President 599 00:29:27,920 --> 00:29:31,480 Speaker 6: Donald J. Trump's leadership. I'm Christy Noman, the United States 600 00:29:31,520 --> 00:29:36,320 Speaker 6: Secretary of Homeland Security. Under President Trump, attempted illegal border 601 00:29:36,360 --> 00:29:39,920 Speaker 6: crossings are at the lowest levels ever recorded, and over 602 00:29:39,960 --> 00:29:43,200 Speaker 6: one hundred thousand illegal aliens have been arrested. If you 603 00:29:43,280 --> 00:29:47,120 Speaker 6: are here illegally, your next you will be fine nearly 604 00:29:47,200 --> 00:29:51,240 Speaker 6: one thousand dollars a day, imprisoned, and deported. You will 605 00:29:51,280 --> 00:29:54,920 Speaker 6: never return. But if you register using our CBP home 606 00:29:54,960 --> 00:29:58,320 Speaker 6: app and leave now, you could be allowed to return legally. 607 00:29:58,680 --> 00:30:03,400 Speaker 6: Do what's right. Leave now. Under President Trump, America's laws, 608 00:30:03,600 --> 00:30:06,040 Speaker 6: border and families will be protected. 609 00:30:06,160 --> 00:30:08,280 Speaker 2: Sponsored by the United States Department of Homeland Security.