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Don't wait, don't hesitate. 0:01:45.760 --> 0:01:48.160 Let's Square handle the back end so you can keep 0:01:48.160 --> 0:01:49.400 pushing your vision forward. 0:01:51.720 --> 0:01:55.000 Bitcoin last week it hit an all time high when 0:01:55.000 --> 0:01:58.400 we was on air, I think sixty eight thousand. Today 0:01:58.760 --> 0:02:04.440 it cracked over seventy two thousand. Big Coin's going crazy, 0:02:05.280 --> 0:02:08.840 and also as a result of bigcoin going crazy, of course, 0:02:08.880 --> 0:02:12.080 the whole space is going crazy. But coin base, you know, 0:02:12.280 --> 0:02:16.480 for full disclosure, I've been an investor in coin based 0:02:16.480 --> 0:02:20.600 stock for a couple of years now, and bad decision 0:02:20.600 --> 0:02:24.720 where I actually brought it at a high and that 0:02:24.840 --> 0:02:28.680 was down. Coin Base stock dropped drastically and I was down. 0:02:28.919 --> 0:02:31.400 At one point I was down forty on my position. 0:02:32.840 --> 0:02:35.840 The days is over and I'm positive now. I think 0:02:35.880 --> 0:02:39.000 I'm positive like ten percent now, so I'm back in 0:02:39.040 --> 0:02:44.280 the green for my coin based stock. I still don't 0:02:44.639 --> 0:02:47.400 have any endorsement of coin base because I got robbed 0:02:47.440 --> 0:02:48.000 on coin Base. 0:02:48.080 --> 0:02:49.680 That's why I didn't invested them. 0:02:49.800 --> 0:02:52.480 But I brought the stock before that happened. 0:02:53.000 --> 0:02:56.079 But in any event, coin based stock is up as 0:02:56.120 --> 0:03:01.200 a result of bigcoin reaching all time high. Bigcoin is up, 0:03:01.520 --> 0:03:03.959 Other cryptocurrencies up. So we're going to talk about the 0:03:04.000 --> 0:03:06.519 whole space. We're going to talk about the host space. 0:03:06.560 --> 0:03:10.200 But let's start with coinbase stock. We haven't talked about 0:03:10.240 --> 0:03:17.119 them in a while. They are currently at around seven yeah, 0:03:17.120 --> 0:03:22.160 around seventy mark ish the all time that fifty two 0:03:22.200 --> 0:03:27.680 week high, it was two seventy one, So okay. Coinbase 0:03:27.960 --> 0:03:30.720 a company that showed a lot of promise. It debuted 0:03:30.720 --> 0:03:33.440 at three forty two. Still hasn't gotten back to those number. 0:03:33.880 --> 0:03:34.240 Too high. 0:03:34.560 --> 0:03:37.920 Yeah, it debuted three forty two and then dropped all 0:03:37.960 --> 0:03:41.280 the way to thirty three dollars. Legendary, it dropped from 0:03:41.520 --> 0:03:45.080 thirty three hundred and forty two to thirty three dollars 0:03:45.640 --> 0:03:48.320 and Kathy Woid was the one that she brought a 0:03:48.360 --> 0:03:51.240 lot of at a high and then but now it's rebounding. 0:03:51.560 --> 0:03:55.640 It's headed back on to three hundred. So what's the 0:03:55.720 --> 0:03:57.920 deal with coinbase stock. 0:04:00.720 --> 0:04:04.000 Let's go look at the so gross margins eighty five percent, 0:04:04.320 --> 0:04:08.640 net margin three point two four percent. Of course, the 0:04:08.680 --> 0:04:12.280 success of Coinbase heavily tipped to Bigcoin and Ethereum. With 0:04:12.520 --> 0:04:16.120 Bitcoin doing incredibly well, they shot up a lot. Also, 0:04:16.240 --> 0:04:18.840 Michael Sailor's micro strategy shot up a lot, so like 0:04:18.880 --> 0:04:22.960 we're seeing Bitcoin drag up other companies that were not 0:04:23.040 --> 0:04:25.680 doing well before. I do still think they have some 0:04:25.760 --> 0:04:28.719 challenges they need to fix if they want to be 0:04:28.800 --> 0:04:33.440 like that pre eminent vanguard like player in the crypto 0:04:33.480 --> 0:04:36.359 space for those that may be like laggard investors. But 0:04:37.720 --> 0:04:39.280 they've had a hell of a run. They opened up 0:04:39.279 --> 0:04:42.120 at one point seventy three this year currently at two 0:04:42.200 --> 0:04:46.440 sixty seven fifteen. Been a great run. Brian's had a 0:04:46.440 --> 0:04:49.320 bunch of battles that he's overcome. Kudos to him. Still 0:04:49.360 --> 0:04:51.640 not one of my favorites, it's not in my top fifty, 0:04:51.680 --> 0:04:53.400 but I'm glad you are back in the positive. 0:04:53.520 --> 0:04:54.280 My god, thank you. 0:04:56.320 --> 0:04:59.800 But this is a way to invest like Coinbase, I 0:05:00.080 --> 0:05:04.120 it they are other ways to GBTC is another way 0:05:04.120 --> 0:05:09.800 to invest through proxy into bitcoin, and that GBTC went 0:05:09.839 --> 0:05:13.719 from thirty eighth five to sixty four. So if you 0:05:13.720 --> 0:05:16.560 want exposure and you don't want to pay seventy three 0:05:16.600 --> 0:05:18.919 thousand and seventy two thousand a coin, you can get coinbase, 0:05:19.839 --> 0:05:23.880 micro Strategy or GBTC and to get exposure to the 0:05:23.920 --> 0:05:25.039 market that way. 0:05:25.920 --> 0:05:28.400 I should I sell my coinbase now that I'm positive 0:05:29.520 --> 0:05:30.440 or should I ride it up? 0:05:30.520 --> 0:05:33.719 Should can? I? Can? I still get some I will. 0:05:33.880 --> 0:05:36.919 I'll probably lock in profit at like one percent just 0:05:36.960 --> 0:05:38.880 the case of the crashes, but but I will let 0:05:38.880 --> 0:05:39.280 it ride. 0:05:39.360 --> 0:05:41.560 I mean, it's interesting when you look at the climb 0:05:41.560 --> 0:05:42.279 of coinbase. 0:05:42.320 --> 0:05:44.840 It was at three forty two when it debuted, and 0:05:44.920 --> 0:05:48.200 then November of twenty one it got back up to 0:05:48.200 --> 0:05:48.760 three forty two. 0:05:48.839 --> 0:05:50.599 So it did pull back after. 0:05:50.680 --> 0:05:53.440 But I remember I was talking about not investing in companies. 0:05:53.760 --> 0:05:57.159 Uh after they buypo for at least six months, and 0:05:57.240 --> 0:05:59.400 yeah happened. In the seventh month, they puilled a little 0:05:59.400 --> 0:06:02.040 bit back down. But even on this ascension of bitcoin 0:06:02.160 --> 0:06:04.520 up to seventy two thousand, it hasn't been a meteoric 0:06:04.600 --> 0:06:05.640 rise for coin base. 0:06:06.240 --> 0:06:08.159 It's been a steady rise, right, and so if you're looking, 0:06:08.240 --> 0:06:09.279 it's been a study ross. 0:06:09.360 --> 0:06:11.719 It's at all time high, but coin Base hasn't gotten 0:06:11.720 --> 0:06:13.840 nearly back to its all time mine. That looks a 0:06:13.839 --> 0:06:15.800 little concern to me when we know how reliant this 0:06:15.839 --> 0:06:17.600 space is on this. 0:06:18.920 --> 0:06:21.120 I mean they've had two positive quarters. 0:06:21.240 --> 0:06:25.480 Yeah, but I wonder now, I'll just say, I wonder 0:06:25.640 --> 0:06:28.599 if this we always talk about ETFs when we're talking 0:06:28.600 --> 0:06:32.839 about individualized stocks and individualized equities, is this it is 0:06:32.880 --> 0:06:37.400 bitcoin the premiere place where we're talking about Maybe the 0:06:37.440 --> 0:06:40.880 ETF route is probably best because of the less exposure. 0:06:41.200 --> 0:06:44.960 So you mentioned one, but bit b is another one. 0:06:45.480 --> 0:06:47.760 Is the ETF route probably better. 0:06:47.760 --> 0:06:51.880 For Bitcoin than doing like a brokerage like a coin base. 0:06:52.839 --> 0:06:55.200 Larry Finking Black rocks for me to say, yeah, shout 0:06:55.200 --> 0:06:57.120 out to everybody who killed me when I said the 0:06:57.160 --> 0:06:59.000 banks are going to come in and take over a 0:06:59.040 --> 0:07:02.800 bitcoin eight team point nine billion a bigcoin under management 0:07:02.839 --> 0:07:07.200 shot to Larry think, yeah, so probably a safer investment, 0:07:07.320 --> 0:07:09.000 but it would be the same two tech two index 0:07:09.040 --> 0:07:11.480 strategy for that. So if you wanted to do coin 0:07:11.520 --> 0:07:15.480 and GBTC and pair it with ibit or bit b 0:07:15.760 --> 0:07:17.760 or you pick the ones that you want to invest in. 0:07:18.200 --> 0:07:20.720 But it's the same strategy, and the index component is 0:07:20.760 --> 0:07:24.679 to prevent massive draw downs if the stock or underlying 0:07:24.720 --> 0:07:28.320 asset goes down sixty seventy percent. So yeah, I mean 0:07:28.360 --> 0:07:32.480 they got three percent net margin. That's when people are like, hey, 0:07:32.520 --> 0:07:35.520 how do I know, like fundamentals, what are they netting 0:07:36.800 --> 0:07:39.920 if they're a negative or reblay, But if they're between 0:07:39.960 --> 0:07:42.400 one to nine percent, it's not a business. I want 0:07:42.400 --> 0:07:47.560 to be in my top five. So I think the 0:07:47.560 --> 0:07:49.560 math is really simple. I think it's common sense, like 0:07:49.640 --> 0:07:52.520 Shoddy said earlier and bigcoin. 0:07:52.720 --> 0:07:58.800 I mean, coinbases the premium place in America to buy cryptocurrency, 0:07:58.880 --> 0:08:02.560 so it would make in said cryptocurrency increases and more 0:08:02.600 --> 0:08:06.560 people buy cryptocurrency, that their strength and the evaluation will 0:08:06.560 --> 0:08:06.800 go up. 0:08:06.800 --> 0:08:07.960 I mean it's a direct correlation. 0:08:08.120 --> 0:08:10.760 So Apple could have bought coin base at that low too, 0:08:10.840 --> 0:08:16.200 being stupid, Yeah, thirty stupid instead of arguing with what 0:08:16.320 --> 0:08:19.640 epic games and even at that two billion dollar EU 0:08:19.680 --> 0:08:24.040 found like it's like, bro, I don't believe the games 0:08:24.160 --> 0:08:27.680 over until we're up about forty Like they need some 0:08:27.760 --> 0:08:30.520 exposure to crypto. When that stock went to forty fifty bucks, 0:08:30.560 --> 0:08:32.080 they could have put a been and bought that. 0:08:34.679 --> 0:08:37.920 It's one of these things right where it's like because 0:08:38.040 --> 0:08:40.600 I'm just I'm just doing the math right now. 0:08:41.160 --> 0:08:44.680 And coin base low of thirty three dollars two years. 0:08:44.559 --> 0:08:46.440 Ago, it wasn't a long time ago two years ago, 0:08:46.679 --> 0:08:49.800 and it's at you know, to sixty six right now. Yep, 0:08:50.280 --> 0:08:53.160 that's a seven hundred that's a seven hundred percent increase. 0:08:53.600 --> 0:08:59.600 It's one of these things right where you Yeah, how 0:08:59.600 --> 0:09:01.280 do you know when it's a good time to buy it? 0:09:02.480 --> 0:09:03.720 Listen to market mothers. 0:09:04.240 --> 0:09:06.840 Yeah, for sure, that's important. Cut. 0:09:06.960 --> 0:09:09.200 Hold, if you would have if you would have brought 0:09:09.200 --> 0:09:12.480 coin based, then let mean to stop. 0:09:12.280 --> 0:09:16.680 Alone, yeah, let alone option or like that had been yeah, 0:09:16.960 --> 0:09:18.120 well yeah yeah out of here. 0:09:18.679 --> 0:09:20.240 And for those in the common saying that I didn't 0:09:20.280 --> 0:09:23.480 like coin based, I called in video, am D Bitcoin 0:09:23.520 --> 0:09:27.080 at twenty eight thousand, Bitcoin at twenty come on, now, 0:09:27.160 --> 0:09:28.679 let's not do this something a good space. 0:09:28.720 --> 0:09:31.760 I love y'all, but well, speaking about bitcoin, it's at 0:09:31.800 --> 0:09:37.920 seventy two thousand now, so yeah, we have to talk 0:09:37.960 --> 0:09:40.600 about bitcoin again, and talking about it last week. I 0:09:40.600 --> 0:09:48.880 love it bigcoin. Keep buying bitcoin dollar cost average. 0:09:49.000 --> 0:09:53.920 Same rules and video. If you believe in it still 0:09:53.960 --> 0:09:55.600 I don't care what it is, don't buy the high. 0:09:55.960 --> 0:09:57.920 Do not buy the high because if not in too much, 0:09:57.920 --> 0:10:00.080 you're going to cry. 0:10:01.000 --> 0:10:03.920 You gotta wait for a pull for the crypto always 0:10:03.960 --> 0:10:04.760 pulls back. 0:10:06.840 --> 0:10:09.600 Violent ten or fifteen years. It's violently. 0:10:10.400 --> 0:10:12.839 Yeah, so it I guess maybe to five or fifty 0:10:12.960 --> 0:10:16.760 nine thousand or sixty five thousand. If it's your first time, 0:10:16.920 --> 0:10:19.560 you can look there. But a pullback is going to happen, 0:10:19.559 --> 0:10:19.959 for sure. 0:10:20.320 --> 0:10:22.640 The pullbacks probably won't be as violent as it gets 0:10:22.679 --> 0:10:26.840 bigger and bigger because more institutions own it and there's 0:10:26.880 --> 0:10:30.480 just more volume, So like it won't probably drop seventy 0:10:30.520 --> 0:10:34.120 five percent like it used to. But crypto historically, if 0:10:34.160 --> 0:10:37.560 you follow crypto, you know one thing is for certain. 0:10:38.000 --> 0:10:44.199 It always has pullbacks, drastic pullbacks. Yep, it has pullbacks. 0:10:44.640 --> 0:10:47.160 This has happened since the beginning of it. It's one 0:10:47.160 --> 0:10:47.720 of these things. 0:10:47.720 --> 0:10:51.440 It's like a hurricane hitting you know a region that 0:10:51.559 --> 0:10:53.920 always gets hit by hurricanes. It's not a matter of win. 0:10:54.040 --> 0:10:55.560 It's a matter of it's not a matter of if. 0:10:55.559 --> 0:10:59.280 It's a matter of win. So I know a lot 0:10:59.280 --> 0:11:02.920 of people are in patient and you're going to kill 0:11:02.960 --> 0:11:06.160 being the patient. Yeah, you have to wait for a pullback, 0:11:06.240 --> 0:11:08.280 especially if you're going to do a lump sum buying. 0:11:08.840 --> 0:11:11.080 If you're doing dollar cost averaging, then that's different. But 0:11:11.520 --> 0:11:13.680 for allumps some buying, you have to wait for a pullback. 0:11:14.040 --> 0:11:16.920 But like I said, the good the good thing is 0:11:16.960 --> 0:11:22.000 that if history is any indicator of the future, and 0:11:21.679 --> 0:11:24.599 we will have a pullback a pretty size. 0:11:24.320 --> 0:11:27.439 Of do we think it happens before the having event? 0:11:27.679 --> 0:11:32.120 So the having event is scheduled for April twentieth, they're 0:11:32.160 --> 0:11:35.240 trying to track the chain to see exactly when it 0:11:35.280 --> 0:11:38.160 happens till April twentieth of twenty twenty four, that's this year, 0:11:38.240 --> 0:11:41.880 forty three days away. Do you think it runs up 0:11:41.960 --> 0:11:44.079 until the having and then we see the pullback? 0:11:44.280 --> 0:11:45.000 What are your thoughts? 0:11:45.080 --> 0:11:48.280 Yeah, yeah, I think so, because I'm looking at the 0:11:48.360 --> 0:11:50.560 data now, the average monthly pullback a bitcoin is like 0:11:50.559 --> 0:11:51.360 twenty eight percent. 0:11:51.720 --> 0:11:52.880 I think gonna run up until then. 0:11:52.960 --> 0:11:55.400 Then they'll have a pullback, and then of course more 0:11:55.440 --> 0:11:57.599 excitement would be into it, more people start to buy in, 0:11:57.679 --> 0:12:00.160 So there's always going to be a step pullback, but 0:12:00.200 --> 0:12:02.199 I think it'll run up until for sure the have 0:12:02.360 --> 0:12:02.680 an event. 0:12:03.000 --> 0:12:04.440 Yeah, and then that'll start again. 0:12:04.480 --> 0:12:06.840 In the four year cycle of bigcoin, which we've talked 0:12:06.840 --> 0:12:07.640 about plenty of times. 0:12:07.679 --> 0:12:09.800 This is year four, which we said is if we 0:12:09.840 --> 0:12:10.160 look at. 0:12:10.080 --> 0:12:12.440 The four year cycles of the bigcoins this inception, that 0:12:12.480 --> 0:12:15.000 fourth year is usually the most prominis when it turns 0:12:15.080 --> 0:12:17.640 of how far it climbs, and so within that now, 0:12:17.640 --> 0:12:20.440 obviously we've hit all time high. It's it's pretty accurate, right, 0:12:20.559 --> 0:12:22.200 It's hit this all time hide in the fourth year 0:12:22.240 --> 0:12:23.720 of the cycle, and there will start another one. 0:12:24.400 --> 0:12:27.640 So yeah, And for everyone who says we haven't talked 0:12:27.640 --> 0:12:30.319 about crypto before a bitcoin, I don't know what rock 0:12:30.360 --> 0:12:34.480 you just climb from under. But it's not true. I 0:12:34.520 --> 0:12:36.880 love you, I appreciate you. Invest in the market. Then 0:12:36.880 --> 0:12:39.559 you won't have to make crazy comments on Twitter and 0:12:39.600 --> 0:12:42.760 the review videos that pay you forty three dollars text me, 0:12:42.760 --> 0:12:44.079 I'll give you the fifty bucks. 0:12:46.200 --> 0:12:49.120 So it is crazy, oh the two dollars CPM play. 0:12:49.280 --> 0:12:52.360 So man, we talk about bigcoin a lot, but what's 0:12:52.400 --> 0:12:56.719 some all coins? What's five all coins that people can 0:12:56.760 --> 0:12:59.240 invest in? All coins are alternative coin pretty much any 0:12:59.320 --> 0:13:00.599 crypto current see. 0:13:00.400 --> 0:13:02.439 Not not big not named bigco. 0:13:02.600 --> 0:13:06.280 So what what is some other alternative cryptocurrencies that people 0:13:06.320 --> 0:13:07.960 can put on their watch list? 0:13:08.760 --> 0:13:10.079 This first time, I want to turn it back to 0:13:10.120 --> 0:13:12.400 the audience and say, for my crypto experts and the audience, 0:13:12.400 --> 0:13:15.520 what do you think are five I don't know, I'm 0:13:15.559 --> 0:13:18.480 not an coin expert, but let me see what baby 0:13:18.520 --> 0:13:19.080 dogs doing. 0:13:19.640 --> 0:13:22.160 Let me see. I think we start with Ethereum, right, 0:13:22.360 --> 0:13:23.160 like number one. 0:13:23.520 --> 0:13:27.080 If if we're is ethereum and all, well it's anything 0:13:27.160 --> 0:13:30.240 not bigcoin, right, And so if we have to start 0:13:30.240 --> 0:13:32.760 with number one on the list, we can go Ethereum, 0:13:32.800 --> 0:13:34.520 and then we can talk about the rest, right, because 0:13:34.640 --> 0:13:37.920 it's been number two with for however long it has. 0:13:39.080 --> 0:13:41.880 Most of the coins are built off of this network, 0:13:42.880 --> 0:13:44.640 but you do have a few others that are trying 0:13:44.640 --> 0:13:45.200 to combat it. 0:13:45.240 --> 0:13:47.600 And I'll give a couple after you do. But Solona 0:13:47.600 --> 0:13:50.160 and XRP of course, Alanta exactly, yeah, exact, yeah, so 0:13:50.360 --> 0:13:50.920 we got eight. 0:13:51.040 --> 0:13:53.760 XRP would probably be in that list as well, Solana 0:13:54.760 --> 0:13:58.120 and even I don't know, we'll see, but finance coin, 0:13:58.440 --> 0:14:00.120 I mean, these are in the top four. They in 0:14:00.160 --> 0:14:03.240 there for the past five years and from the standpoint 0:14:03.280 --> 0:14:05.600 of why we said coin base is important would be 0:14:05.640 --> 0:14:08.199 equally the reason why binance coin is in point because 0:14:08.200 --> 0:14:12.160 Finance is the number one global platform that trades cryptocurrency, 0:14:12.559 --> 0:14:15.720 including Bitcoin and all these other on points, and it's 0:14:15.720 --> 0:14:18.720 transaction fees that come with trading. So if they have 0:14:18.800 --> 0:14:22.400 the platform and their number one, I mean, it's kind 0:14:22.400 --> 0:14:23.560 of a win win business for them. 0:14:23.600 --> 0:14:25.920 So I would push them in there, and then. 0:14:25.920 --> 0:14:29.120 I will that's like three, I'll throw two Solana you said, 0:14:29.280 --> 0:14:31.600 which would be four, and I'll throw like maybe two 0:14:31.600 --> 0:14:35.760 wild cards. And I've talked about them before, but Avalanche 0:14:36.360 --> 0:14:38.880 and Polygon got to be madic. 0:14:39.160 --> 0:14:40.320 I'll throw those two in there. 0:14:40.480 --> 0:14:43.880 From a market cap standpoint and from a functionality standpoint, 0:14:44.200 --> 0:14:46.440 Avalanche is kind of like I wouldn't call it a arrival, 0:14:46.520 --> 0:14:48.680 but they're trying to combat like sometimes we talk about 0:14:48.680 --> 0:14:51.000 when you go out too far, people can actually see 0:14:51.000 --> 0:14:53.040 the functionality and say how do we improve That's what 0:14:53.080 --> 0:14:56.359 Avalanche is kind of done with Ethereum. And then Polygon 0:14:56.800 --> 0:15:00.840 is another one again built on eat their this platform, 0:15:01.200 --> 0:15:04.840 but it handles scalability and payments, and so I think 0:15:05.040 --> 0:15:08.440 those that would be a nice basket of all coins 0:15:08.560 --> 0:15:11.640 and I mean those are still up there, so I'll 0:15:11.720 --> 0:15:12.280 let you put. 0:15:12.120 --> 0:15:13.600 That on poker dot. 0:15:13.840 --> 0:15:18.520 Yeah, poker dot, I poke yeah, shout out JP Morgan. 0:15:18.560 --> 0:15:23.600 Coin cooking. They got some other ones that are cooking too. Uh. 0:15:23.880 --> 0:15:24.840 When you talk about. 0:15:24.720 --> 0:15:30.080 Just but that's that's that's the crypt the main mania. 0:15:30.160 --> 0:15:33.320 It's like you see a coin go up a thousand percent, right, 0:15:33.400 --> 0:15:36.040 it's less than two cents, and you're like, oh, I 0:15:36.040 --> 0:15:38.800 can put one hundred dollars in that and hopefully it'll grow. 0:15:39.120 --> 0:15:42.400 Sometimes that doesn't work, right, we we're just that's just gambling. 0:15:42.440 --> 0:15:45.240 Like you have no idea, even when you read a 0:15:45.280 --> 0:15:48.040 white paper, you have no idea. You just like, let's 0:15:48.040 --> 0:15:50.360 just throw this money away if we can, and hopefully 0:15:50.360 --> 0:15:53.960 it makes money. We'll see shout out to the sheep 0:15:54.000 --> 0:16:00.480 a coin enthusiasts. Shot yeah, people, I mean people made money. 0:16:00.480 --> 0:16:02.880 We can knocket people made money off I'm not mad 0:16:02.920 --> 0:16:05.080 at that people made money off of does. 0:16:07.040 --> 0:16:10.680 So let me ask you this. One of the frequently 0:16:10.720 --> 0:16:15.080 asked questions amongst people is when to sell an investment. 0:16:15.680 --> 0:16:17.880 This is something that we just talked about Mark Zuckerberg 0:16:17.920 --> 0:16:20.120 and all these guys selling their stocks. So we talk 0:16:20.160 --> 0:16:24.240 about buying and holding, but at some point you have 0:16:24.320 --> 0:16:27.280 to sell at some point, whether it's you sell a home, 0:16:28.120 --> 0:16:33.200 you sell bitcoin, you sell Apple stock, unless you just 0:16:33.240 --> 0:16:36.080 pass it down to generations and then generations in. 0:16:36.040 --> 0:16:39.640 Generations, which will be ideal. Yeah, but all right. 0:16:39.720 --> 0:16:41.960 The number one question that people have all the time 0:16:42.080 --> 0:16:46.560 is we talk about when to buy, looking to pullbacks 0:16:47.280 --> 0:16:51.400 dollar cost average, don't buy all time highs. 0:16:51.760 --> 0:16:55.640 Yeah, twenty fifty drop, but when. 0:16:55.480 --> 0:16:56.040 Do you sell? 0:16:58.480 --> 0:17:00.560 My role of thumb is five or ten years. 0:17:00.680 --> 0:17:02.840 If you want to do time based exits, if you 0:17:02.880 --> 0:17:04.880 want to do percentage based, once you get to five 0:17:05.000 --> 0:17:08.160 hundred percent, you can look to take a profit at 0:17:08.160 --> 0:17:11.520 that point, or if you've gotten to fifteen hundred percent, 0:17:11.560 --> 0:17:14.480 like most technology most technology stocks over ten year period 0:17:15.000 --> 0:17:17.119 have a potential to hit fifteen hundred percent. 0:17:17.160 --> 0:17:19.119 You have some that are not there. 0:17:19.480 --> 0:17:21.240 It will be my same rule of thumb for crypto 0:17:21.520 --> 0:17:24.280 five hundred percent, fifteen hundred percent or a five or 0:17:24.320 --> 0:17:25.000 ten year period. 0:17:25.000 --> 0:17:27.080 That's the easiest way to know, like when to sell 0:17:27.119 --> 0:17:27.639 or liquid eight. 0:17:27.720 --> 0:17:29.440 For those who like I don't want to hold that long, 0:17:31.320 --> 0:17:33.520 I don't know what to tell you, Like even this 0:17:33.560 --> 0:17:34.080 four year. 0:17:33.960 --> 0:17:35.400 Run and bitcoin has been incredible. 0:17:35.760 --> 0:17:37.960 If you held in video for four or five years, 0:17:38.000 --> 0:17:40.520 the return like going back to that four year cycle 0:17:40.560 --> 0:17:43.280 with the have an event, Like most great investors are 0:17:43.280 --> 0:17:47.200 looking to hold for seven years anyway, So whole five years, 0:17:47.280 --> 0:17:50.480 five hundred percent, fifteen hundred percent, that's when you should exit. 0:17:51.920 --> 0:17:54.000 Yeah, I'm with you on that. 0:17:54.240 --> 0:17:57.399 For stocks, again, that's like a pass down thing, so 0:17:57.440 --> 0:17:59.800 that that's why we want to accumulate them, right, so 0:18:00.080 --> 0:18:04.679 we create studio accounts to pass them down. But in options, 0:18:04.840 --> 0:18:08.800 it's always percentage for me, especially on the positive side. Yeah, yeah, once, 0:18:08.840 --> 0:18:11.800 I once if it's anywhere between fifty to one hundred, 0:18:11.800 --> 0:18:13.520 depending on what position. I mean, I always like to 0:18:13.920 --> 0:18:15.719 I say that all the time, like know where you're 0:18:15.720 --> 0:18:16.440 going to exit. 0:18:16.240 --> 0:18:16.800 Before you enter. 0:18:16.960 --> 0:18:19.160 So most times I'm looking for one hundred percent return, 0:18:19.240 --> 0:18:22.119 But sometimes I've sent that to to my brother G. 0:18:22.200 --> 0:18:23.680 I'm like, yeah, I think this's gonna be a forty 0:18:23.680 --> 0:18:26.240 percent return right here, And sometimes it is easy. So 0:18:26.320 --> 0:18:28.679 if I get to one hundred, I take my initial 0:18:28.680 --> 0:18:31.679 investment out and then we'll let the rest go on 0:18:31.760 --> 0:18:33.359 the downside. And this is when you've got to be 0:18:33.359 --> 0:18:36.600 super disciplined. It's like if you see uh an investment 0:18:36.640 --> 0:18:43.600 that is starting to go opposite and go red thrushoot, 0:18:45.400 --> 0:18:47.760 and it's like, all right, well let's revisit it. It 0:18:47.760 --> 0:18:51.400 doesn't mean that the contract was bad or the company 0:18:51.480 --> 0:18:53.199 was bad, but the timing of when you got it 0:18:53.320 --> 0:18:55.280 might have been a little bit of So I definitely 0:18:55.320 --> 0:18:58.920 in options, I'm doing percentage. But stocks, yeah, I'm I'm 0:18:59.240 --> 0:19:01.639 long term. I'm five to however long I need to 0:19:01.640 --> 0:19:03.399 hold the stocks, I'm gonna hold them. Yeah, Because I 0:19:03.400 --> 0:19:05.720 don't treat it like it's just yeah, same futures, right, 0:19:05.720 --> 0:19:07.919 it's the same same principle, I don't. I think people 0:19:08.119 --> 0:19:11.840 treat their brokerage account like their checking account, and that's 0:19:11.880 --> 0:19:15.959 like a very it's a dangerous habits. It's a dangerous 0:19:15.960 --> 0:19:17.560 habit to get into, and it's a bad habit to 0:19:17.600 --> 0:19:19.600 get into. So if you see money coming into the 0:19:19.640 --> 0:19:22.159 brokens account and you're making money on a daily or 0:19:22.160 --> 0:19:25.000 weekly or monthly basis, it's like, all right, well that 0:19:25.119 --> 0:19:27.199 money now I should just keep transferring it. 0:19:27.600 --> 0:19:30.600 Well, you've made the money, it's your brokerage account. 0:19:30.600 --> 0:19:34.000 Maybe you should figure out another way to reinvest it 0:19:34.040 --> 0:19:38.479 in another proposition or position, not proposition for another position. 0:19:38.920 --> 0:19:41.159 Just my rule of dumb, but I see a lot 0:19:41.160 --> 0:19:41.760 of people doing that. 0:19:41.760 --> 0:19:45.679 They treat the brokerage account like the checking or savings account, 0:19:45.760 --> 0:19:47.359 and now they give you a debit card too, So 0:19:47.400 --> 0:19:49.880 like even some brokerages, you can get a debit card 0:19:50.040 --> 0:19:51.840 that's attached to your wage and you can use that, 0:19:52.359 --> 0:19:57.840 which again kind of the mistake, yeah, kind of of investing. 0:19:58.800 --> 0:20:01.640 So I think you also, so, well, here's a day 0:20:03.359 --> 0:20:05.600 to play the other side of the fence here. 0:20:07.680 --> 0:20:10.399 Most people probably not gonna get five hundred percent rate 0:20:10.440 --> 0:20:11.640 of return on the investment. 0:20:12.080 --> 0:20:14.280