1 00:00:00,280 --> 00:00:03,519 Speaker 1: Hello, and welcome to another episode of The Mark Moss Show, 2 00:00:03,600 --> 00:00:07,040 Speaker 1: where I am talking about bitcoin and cryptocurrencies and the 3 00:00:07,160 --> 00:00:12,560 Speaker 1: decentralized revolution that is happening right now. It should be, 4 00:00:13,440 --> 00:00:15,920 Speaker 1: I think it will be. My goal is to make 5 00:00:15,960 --> 00:00:19,000 Speaker 1: it be the most important part of your entire week. 6 00:00:19,280 --> 00:00:21,200 Speaker 1: And the reason why I say that is because what 7 00:00:21,239 --> 00:00:25,079 Speaker 1: we're witnessing right now is something that is literally going 8 00:00:25,160 --> 00:00:26,840 Speaker 1: to change the world. I mean, it has the most 9 00:00:27,320 --> 00:00:31,200 Speaker 1: It's gonna have the most profound impact across every area 10 00:00:31,320 --> 00:00:35,879 Speaker 1: of your life and society, more than we even know today. 11 00:00:35,960 --> 00:00:39,040 Speaker 1: And I don't say that lightly. I'm not trying to 12 00:00:39,640 --> 00:00:42,640 Speaker 1: over hype it up. I really believe that UM and 13 00:00:42,720 --> 00:00:44,919 Speaker 1: not just is it going to make such a big impact, 14 00:00:45,120 --> 00:00:50,680 Speaker 1: but if you can embrace this technology UM and the 15 00:00:50,720 --> 00:00:54,720 Speaker 1: power of its ability to protect or I should even 16 00:00:54,760 --> 00:00:58,160 Speaker 1: say grow or increase your purchasing power over time, that 17 00:00:58,200 --> 00:01:00,760 Speaker 1: basically means you're gonna increase your US dollars to act UM. 18 00:01:01,240 --> 00:01:03,600 Speaker 1: The the the ability the power of that to happen 19 00:01:03,800 --> 00:01:06,040 Speaker 1: could literally change your life. I know it's changed my life. 20 00:01:06,240 --> 00:01:10,000 Speaker 1: I've been buying bitcoin since when it was about three 21 00:01:10,040 --> 00:01:12,640 Speaker 1: or four hundred dollars, and today it's uh, you know, 22 00:01:12,640 --> 00:01:15,240 Speaker 1: in the rags. So you're canna imagine how much has 23 00:01:15,280 --> 00:01:19,360 Speaker 1: changed my life. But don't worry, it's not too late. Now. 24 00:01:20,319 --> 00:01:23,640 Speaker 1: This is UM what I'm calling the biggest asymmetric play, 25 00:01:23,680 --> 00:01:26,360 Speaker 1: the biggest asymmetric bet of your life. In order to 26 00:01:26,400 --> 00:01:28,759 Speaker 1: take advantage of that, you have to have the asymmetric opportunity, 27 00:01:29,040 --> 00:01:31,959 Speaker 1: which is what I'm bringing you each and every week. 28 00:01:32,040 --> 00:01:37,440 Speaker 1: So while while I'm finishing that thought, pull your phone out, UH, 29 00:01:37,680 --> 00:01:40,800 Speaker 1: put a put a reminder, put a calendar reminder for 30 00:01:40,880 --> 00:01:43,480 Speaker 1: this channel, for this time, for this station to be 31 00:01:43,600 --> 00:01:46,240 Speaker 1: back with me each and every week. It's going to 32 00:01:46,280 --> 00:01:49,280 Speaker 1: be the most profitable, the most important, UM have the 33 00:01:49,280 --> 00:01:51,880 Speaker 1: most impact, UH, this this spot, this time, each and 34 00:01:51,920 --> 00:01:54,160 Speaker 1: every week. So with that, let's go ahead and jump 35 00:01:54,200 --> 00:01:57,160 Speaker 1: into some content. UM what is going on this week 36 00:01:57,200 --> 00:01:59,920 Speaker 1: that you need to be paying attention to UM as 37 00:02:00,400 --> 00:02:02,720 Speaker 1: hopefully you're tun tune in with me each and every week. 38 00:02:02,960 --> 00:02:05,160 Speaker 1: You know that I say each and every week that 39 00:02:05,720 --> 00:02:10,359 Speaker 1: the prices really the least important part of bitcoin, especially 40 00:02:10,480 --> 00:02:15,000 Speaker 1: right now. The prices what I call a short term distraction. However, 41 00:02:15,080 --> 00:02:18,120 Speaker 1: I also call it a bait and switch. People come 42 00:02:18,160 --> 00:02:21,160 Speaker 1: in for the price and then they realize the power 43 00:02:21,520 --> 00:02:24,280 Speaker 1: that it has to change the world for the better. 44 00:02:24,400 --> 00:02:27,320 Speaker 1: We say, fix the money, fix the world, and that's 45 00:02:27,320 --> 00:02:30,120 Speaker 1: exactly what's happening. However, it's that bait and switch. People 46 00:02:30,120 --> 00:02:32,320 Speaker 1: need to come in thinking they're gonna make money. And 47 00:02:32,360 --> 00:02:34,960 Speaker 1: so we'll talk about that for a minute. Um. And so, 48 00:02:35,520 --> 00:02:38,960 Speaker 1: if you're paying attention to bitcoin and the entire cryptocurrency space, 49 00:02:39,320 --> 00:02:43,000 Speaker 1: then you probably know that it's recently been taking a 50 00:02:43,080 --> 00:02:47,400 Speaker 1: tumble back in and just just two weeks ago on 51 00:02:47,520 --> 00:02:50,200 Speaker 1: November ten, we hit a new all time high. We're 52 00:02:50,200 --> 00:02:53,480 Speaker 1: at about sixty eight about sixty nine thousand U s. 53 00:02:53,560 --> 00:02:56,400 Speaker 1: Dollars for one single bitcoin. Now, this is probably a 54 00:02:56,440 --> 00:03:00,160 Speaker 1: good time for me to tell you, well, actually i'll 55 00:03:00,160 --> 00:03:03,120 Speaker 1: sell you in a second. Um. So I hit about 56 00:03:03,120 --> 00:03:06,720 Speaker 1: sixty nine dollars and um since that time in the 57 00:03:06,800 --> 00:03:10,120 Speaker 1: last I guess thirteen days, As I said, it's fallen 58 00:03:10,160 --> 00:03:14,400 Speaker 1: about sixteen percent. Now in the world of the stock market, 59 00:03:14,639 --> 00:03:17,480 Speaker 1: when you're looking at the NASDAC or Tesla stock or 60 00:03:17,639 --> 00:03:21,400 Speaker 1: anything like that, or you're looking at traditional assets bonds, 61 00:03:21,440 --> 00:03:25,079 Speaker 1: et cetera, if they were to fall sixteen percent, that's 62 00:03:25,080 --> 00:03:27,720 Speaker 1: a pretty big deal. If the stock market crash. Sixteen 63 00:03:27,720 --> 00:03:31,520 Speaker 1: percent would be really bad. Um, but in the world 64 00:03:31,520 --> 00:03:35,160 Speaker 1: of cryptocurrency, it's kind of normal. So it's not that 65 00:03:35,240 --> 00:03:37,240 Speaker 1: big of a deal. Now, I understand if you haven't 66 00:03:37,240 --> 00:03:39,360 Speaker 1: been around that long, you might be worried about it. 67 00:03:39,640 --> 00:03:41,120 Speaker 1: Let me give you an example. So just if we 68 00:03:41,160 --> 00:03:45,440 Speaker 1: go back to last month, about thirty days ago October one, 69 00:03:45,840 --> 00:03:47,800 Speaker 1: you have October twenty one, we were at a high 70 00:03:47,840 --> 00:03:53,720 Speaker 1: of sixty seven thousand, and then we dropped um twelve 71 00:03:53,760 --> 00:03:55,840 Speaker 1: and a half percent over the next couple of days. 72 00:03:56,680 --> 00:03:57,840 Speaker 1: So that was just a month ago. So we had 73 00:03:57,840 --> 00:03:59,280 Speaker 1: a twelve and a half percent drop. Now we have 74 00:03:59,280 --> 00:04:01,160 Speaker 1: a sixteen percent drop. I mean, it just it kind 75 00:04:01,160 --> 00:04:02,800 Speaker 1: of happens. It goes up and down, up and down. 76 00:04:02,960 --> 00:04:04,560 Speaker 1: If we go back a little bit further in time, 77 00:04:04,600 --> 00:04:07,800 Speaker 1: we can go back to September seven, We had hit 78 00:04:07,840 --> 00:04:10,440 Speaker 1: a local high of fifty three thousand, and then we 79 00:04:10,560 --> 00:04:14,520 Speaker 1: dropped all the way down, all the way down to 80 00:04:14,720 --> 00:04:17,919 Speaker 1: thirty nine thousand, before jumping all the way back up 81 00:04:17,960 --> 00:04:20,880 Speaker 1: this almost seventy thousand. So, UM, don't get caught up 82 00:04:20,880 --> 00:04:23,680 Speaker 1: in these little short term movements. Don't get panicked. Um. 83 00:04:23,760 --> 00:04:26,680 Speaker 1: That's why I say it's kind of a distraction. Um, 84 00:04:26,720 --> 00:04:28,200 Speaker 1: it just kind of moves up and down. That's what 85 00:04:28,200 --> 00:04:30,480 Speaker 1: it does. If you zoom out, it looks a lot 86 00:04:30,480 --> 00:04:33,040 Speaker 1: different than That's what I advise everyone to do. Now, 87 00:04:34,160 --> 00:04:35,880 Speaker 1: I didn't say I was going to tell you something else. 88 00:04:35,880 --> 00:04:37,440 Speaker 1: I'll tell you right now. I'm not gonna make you 89 00:04:37,480 --> 00:04:40,840 Speaker 1: wait too long for it. And basically what a lot 90 00:04:40,880 --> 00:04:44,120 Speaker 1: of people maybe don't know, maybe you don't know, is 91 00:04:44,160 --> 00:04:49,479 Speaker 1: that you don't have to buy a whole bitcoin. You 92 00:04:49,520 --> 00:04:53,880 Speaker 1: don't have to have fifty five sixty five thousand dollars 93 00:04:53,880 --> 00:04:57,080 Speaker 1: to buy a whole bitcoin. You can buy a dollar's 94 00:04:57,360 --> 00:04:59,919 Speaker 1: worth of bitcoin. It's kind of like a you know, 95 00:05:00,000 --> 00:05:02,159 Speaker 1: you've probably seen in the movies, like those big gold bars. 96 00:05:02,200 --> 00:05:05,120 Speaker 1: Those are like four hundred ounce gold bars, you know 97 00:05:05,240 --> 00:05:09,280 Speaker 1: at ah you know, gold price approximately eight dollars right 98 00:05:09,320 --> 00:05:11,720 Speaker 1: now for a single ounce one of those bars is 99 00:05:11,760 --> 00:05:14,680 Speaker 1: about about three quarters of a million dollars. You don't 100 00:05:14,760 --> 00:05:17,480 Speaker 1: have to buy a hold gold bar. You can buy 101 00:05:17,480 --> 00:05:19,680 Speaker 1: an ounce of gold. You can buy you can buy 102 00:05:19,720 --> 00:05:22,000 Speaker 1: a gram of gold. And so bitcoin is kind of 103 00:05:22,040 --> 00:05:24,560 Speaker 1: the same way. Um, it's a big problem that a 104 00:05:24,560 --> 00:05:27,200 Speaker 1: lot of new people have coming into the cryptocurrency space, 105 00:05:27,440 --> 00:05:30,159 Speaker 1: and we call it unit bias, and so what happens 106 00:05:30,240 --> 00:05:33,960 Speaker 1: is people go, oh, dang, bitcoins fifty thousand and sixty dollars, 107 00:05:34,000 --> 00:05:37,360 Speaker 1: that's too expensive. I can't afford that. So what's this 108 00:05:37,720 --> 00:05:39,640 Speaker 1: dog coin over here. I don't know what it is, 109 00:05:39,680 --> 00:05:43,320 Speaker 1: but it's cheap, and since it's cheap, I should buy 110 00:05:43,360 --> 00:05:45,400 Speaker 1: it because it's cheap, and one day it might be 111 00:05:45,440 --> 00:05:48,159 Speaker 1: worth as much as bitcoin. And we call that unit 112 00:05:48,240 --> 00:05:51,640 Speaker 1: bias um. And so people think just because something is cheaper, 113 00:05:51,640 --> 00:05:54,920 Speaker 1: it's better, which is interesting because we don't typically go 114 00:05:55,120 --> 00:05:57,720 Speaker 1: through the rest of the stuff in our life thinking that, 115 00:05:58,240 --> 00:06:00,680 Speaker 1: but some people have that bias. And so I want 116 00:06:00,680 --> 00:06:02,600 Speaker 1: to kind of explain one concept to you and then 117 00:06:02,600 --> 00:06:06,640 Speaker 1: we'll get into some more stuff. But basically, as you're 118 00:06:06,720 --> 00:06:11,080 Speaker 1: probably all aware, a dollar, one US dollar is divisible 119 00:06:11,120 --> 00:06:16,400 Speaker 1: into one hundred cents, right a hundred cents. A bitcoin 120 00:06:16,480 --> 00:06:21,680 Speaker 1: is divisible into a hundred million SATs. SATs sense kind 121 00:06:21,680 --> 00:06:24,440 Speaker 1: of the same thing, just different divisibility um. And so 122 00:06:24,600 --> 00:06:26,040 Speaker 1: just like you don't have to have a whole dollar, 123 00:06:26,080 --> 00:06:28,680 Speaker 1: you can have one cent one penny, you don't have 124 00:06:28,720 --> 00:06:30,359 Speaker 1: to have a whole bitcoin. You can have one sat 125 00:06:30,640 --> 00:06:33,200 Speaker 1: or ten SATs or a thousand stats or a million 126 00:06:33,240 --> 00:06:38,120 Speaker 1: STATS or whatever it may be. Um, I think roughly today, 127 00:06:39,360 --> 00:06:43,040 Speaker 1: I think it's about fifteen hundred. I'm gonna look it 128 00:06:43,120 --> 00:06:47,240 Speaker 1: up here while I'm talking to you. It's about fifteen 129 00:06:47,360 --> 00:06:51,880 Speaker 1: hundred STATS. Roughly thirteen hundred STATS equals one U S dollars, 130 00:06:51,920 --> 00:06:55,440 Speaker 1: So just kind of give you, um that that comparison. 131 00:06:55,480 --> 00:06:56,920 Speaker 1: So you don't have to buy a whole bitcoin. You 132 00:06:56,960 --> 00:06:59,640 Speaker 1: can buy a percentage. And when it comes to investing, 133 00:07:00,279 --> 00:07:03,400 Speaker 1: it's always about the percentage of gain. So a lot 134 00:07:03,400 --> 00:07:07,719 Speaker 1: of times people come into my investing groups and they're like, um, hey, 135 00:07:07,800 --> 00:07:10,120 Speaker 1: I have this amount of dollars, what should I do? 136 00:07:10,160 --> 00:07:12,080 Speaker 1: And it's like, it's not about the amount of dollars 137 00:07:12,080 --> 00:07:14,640 Speaker 1: that you have, it's about the percentage. So I think 138 00:07:14,640 --> 00:07:17,120 Speaker 1: about dividing my dollars into percentages, and I think about 139 00:07:17,120 --> 00:07:20,120 Speaker 1: the percentage gains I can make on those. And so 140 00:07:20,400 --> 00:07:24,080 Speaker 1: going back to bitcoin, whether you buy five dollars worth 141 00:07:24,080 --> 00:07:27,160 Speaker 1: of bitcoin or five dollars worth of doge or five 142 00:07:27,240 --> 00:07:30,560 Speaker 1: dollars worth of ethereum, it's it's still five dollars US 143 00:07:30,640 --> 00:07:35,800 Speaker 1: dollars worth. That's your entry price. But then what's the 144 00:07:35,880 --> 00:07:38,520 Speaker 1: percentage that it will go up by? Right, So that's 145 00:07:38,560 --> 00:07:42,080 Speaker 1: one way you think about it. Don't be confused by 146 00:07:42,280 --> 00:07:44,200 Speaker 1: unit bias. That's one of the big problems that people 147 00:07:44,240 --> 00:07:46,760 Speaker 1: have is that UM when they come in, maybe they'll 148 00:07:46,800 --> 00:07:49,320 Speaker 1: start with an exchange like coin base, for example, or 149 00:07:49,400 --> 00:07:53,200 Speaker 1: Gemini or cracking, and they'll open up one of those 150 00:07:53,200 --> 00:07:56,240 Speaker 1: exchanges and they'll look at all the different cryptocurrencies that 151 00:07:56,280 --> 00:07:59,480 Speaker 1: they have on there, and of course they don't know 152 00:07:59,720 --> 00:08:01,560 Speaker 1: you really, they don't know what they all are. And 153 00:08:01,600 --> 00:08:02,840 Speaker 1: a lot of times what they'll do is, we'll just 154 00:08:02,840 --> 00:08:05,080 Speaker 1: go buy the cheapest one because of that unit bias. 155 00:08:05,480 --> 00:08:07,320 Speaker 1: And so I just want to want to caution you 156 00:08:07,400 --> 00:08:10,480 Speaker 1: for that. Just because you see bitcoin is fifty or 157 00:08:10,480 --> 00:08:12,560 Speaker 1: sixty dollars, you don't have to have that much. Just 158 00:08:12,560 --> 00:08:14,320 Speaker 1: because you see a theoryum is it, you know, four 159 00:08:14,400 --> 00:08:17,840 Speaker 1: thousand or you don't have to have that much UM. 160 00:08:17,880 --> 00:08:20,280 Speaker 1: So you don't have to go buy the new meme 161 00:08:20,360 --> 00:08:23,360 Speaker 1: coin because it's a penny or a fraction of a penny. UM. 162 00:08:23,440 --> 00:08:27,000 Speaker 1: Don't fall into that trap. All right. Now, I do 163 00:08:27,080 --> 00:08:30,640 Speaker 1: want to talk about some really big news that that 164 00:08:30,840 --> 00:08:34,040 Speaker 1: is happening right now, and a lot of people say 165 00:08:34,080 --> 00:08:39,520 Speaker 1: this is why bitcoin has tumbled six because of this news. 166 00:08:39,960 --> 00:08:43,640 Speaker 1: Like I said, we're down about from the high now. 167 00:08:43,679 --> 00:08:47,680 Speaker 1: This news has been kind of recirculating and popping back 168 00:08:47,760 --> 00:08:49,800 Speaker 1: up here and there. Everybody has been waiting for it 169 00:08:49,840 --> 00:08:53,599 Speaker 1: to break, and it looks like it finally has. So 170 00:08:53,640 --> 00:08:55,360 Speaker 1: I'm gonna explain that to you. We'll take a look 171 00:08:55,400 --> 00:08:58,920 Speaker 1: at if this is the cause um to have bitcoin drop, 172 00:08:59,080 --> 00:09:01,360 Speaker 1: and if so, what should be thinking about watching and 173 00:09:01,400 --> 00:09:04,120 Speaker 1: so forth. So I'm gonna talk about that. By the way, 174 00:09:04,160 --> 00:09:06,280 Speaker 1: you're listening to the Mark mass Show, and of course, 175 00:09:06,520 --> 00:09:10,480 Speaker 1: as I've told you, we're talking about bitcoin and cryptocurrencies 176 00:09:10,679 --> 00:09:14,600 Speaker 1: and the de centralized revolution. I'm gonna break it down 177 00:09:14,679 --> 00:09:16,640 Speaker 1: for you each and every week so you can have 178 00:09:17,120 --> 00:09:21,839 Speaker 1: the best risk adjusted return of your entire life. You're 179 00:09:21,840 --> 00:09:24,120 Speaker 1: listening to the Mark mos Show. I'm gonna be right 180 00:09:24,160 --> 00:09:27,720 Speaker 1: back and explained to you what or what potentially has 181 00:09:27,760 --> 00:09:30,560 Speaker 1: caused this bitcoin drop. So don't go away, all right, 182 00:09:30,600 --> 00:09:33,679 Speaker 1: Welcome back, You are back with me Mark Moss. Listened 183 00:09:33,720 --> 00:09:37,240 Speaker 1: to the Mark mo Show and we're talking about bitcoin. 184 00:09:37,400 --> 00:09:43,120 Speaker 1: Of course, bitcoin, cryptocurrencies in the decentralized Revolution. I don't 185 00:09:43,120 --> 00:09:44,920 Speaker 1: mean to laugh, it's a pretty serious thing. I'm just 186 00:09:44,960 --> 00:09:47,360 Speaker 1: trying to have fun with you guys. UM, and if 187 00:09:47,360 --> 00:09:48,840 Speaker 1: you tune in each week, of course you already know 188 00:09:48,880 --> 00:09:51,199 Speaker 1: what I'm talking about, but it should be the most important, 189 00:09:51,240 --> 00:09:54,360 Speaker 1: the most um, most important part of your week. As 190 00:09:54,400 --> 00:09:56,520 Speaker 1: I break all of this down for you now, before 191 00:09:56,520 --> 00:09:58,840 Speaker 1: the break, we were talking about, um, you know the 192 00:09:58,920 --> 00:10:02,480 Speaker 1: recent drop in Big Points price were down about six Um. 193 00:10:02,480 --> 00:10:04,400 Speaker 1: It's a distraction. And I kind of broke down to 194 00:10:04,440 --> 00:10:06,199 Speaker 1: you just over the last month or two, how we've 195 00:10:06,240 --> 00:10:08,800 Speaker 1: seen drops this big or bigger um, and so it 196 00:10:08,840 --> 00:10:11,720 Speaker 1: just kind of happens. But some people are speculating that 197 00:10:11,800 --> 00:10:14,800 Speaker 1: this new piece of news broke that has been causing 198 00:10:14,840 --> 00:10:18,559 Speaker 1: this to happen. And so, um, let me tell you 199 00:10:19,120 --> 00:10:22,880 Speaker 1: what this is. So um this week we saw it 200 00:10:22,880 --> 00:10:25,960 Speaker 1: says the headlines says Bitcoin heads for worst weekend months 201 00:10:26,160 --> 00:10:30,760 Speaker 1: as the mount Cox payout looms. What does that mean 202 00:10:30,800 --> 00:10:38,160 Speaker 1: the mount Cox payout looms. Well, basically, back way way 203 00:10:38,200 --> 00:10:40,760 Speaker 1: wait wait wait wait, back in the early days of bitcoin, 204 00:10:40,880 --> 00:10:44,880 Speaker 1: which all the way about ten years ago. UM, there 205 00:10:45,120 --> 00:10:47,200 Speaker 1: wasn't a lot of services and options, and so we 206 00:10:47,240 --> 00:10:49,240 Speaker 1: didn't have coin based and cracking and Jim and I 207 00:10:49,520 --> 00:10:52,080 Speaker 1: and all these options back then, and there was really 208 00:10:52,240 --> 00:10:56,120 Speaker 1: one exchange that most people were using to you know, 209 00:10:56,160 --> 00:10:58,520 Speaker 1: buy and sell their bitcoin, and it was called Mount 210 00:10:58,559 --> 00:11:02,040 Speaker 1: Cox and Mount Cox at the time, I mean, nobody 211 00:11:02,080 --> 00:11:04,880 Speaker 1: knew anything about this. It was it was such new technology. 212 00:11:05,160 --> 00:11:08,200 Speaker 1: Um there it was. It was brand new technology. So 213 00:11:08,240 --> 00:11:11,200 Speaker 1: there was nobody that had come from you know, working 214 00:11:11,280 --> 00:11:13,760 Speaker 1: on this previously, and so you basically had people trying 215 00:11:13,760 --> 00:11:16,400 Speaker 1: to kind of figure this out in real time. And 216 00:11:16,880 --> 00:11:20,840 Speaker 1: the founder of this mountain gockic Mount Cox Exchange. I 217 00:11:20,920 --> 00:11:23,520 Speaker 1: forget the exact story. I don't have a pulled up um, 218 00:11:23,520 --> 00:11:25,679 Speaker 1: but I think he had come from like the music 219 00:11:25,720 --> 00:11:28,200 Speaker 1: business or whatever. He ran some sort of like a 220 00:11:28,240 --> 00:11:31,160 Speaker 1: website that like let people trade music. If I'm if 221 00:11:31,160 --> 00:11:34,240 Speaker 1: I'm mistaken, forgive me. But he didn't really have a 222 00:11:34,280 --> 00:11:38,160 Speaker 1: background in finance or stocks or anything like that. And 223 00:11:38,200 --> 00:11:40,440 Speaker 1: so he kind of put this exchange together. And let's 224 00:11:40,480 --> 00:11:44,440 Speaker 1: just say that he didn't have the best security, We'll 225 00:11:44,480 --> 00:11:46,800 Speaker 1: just say that. And so all these people had their 226 00:11:46,800 --> 00:11:49,800 Speaker 1: bitcoin on there. Now, at the time, bitcoin was very, 227 00:11:49,920 --> 00:11:52,040 Speaker 1: very very cheap. It wasn't worth a lot of money. 228 00:11:52,040 --> 00:11:54,480 Speaker 1: So at the time they had lots and lots and 229 00:11:54,559 --> 00:12:00,680 Speaker 1: lots of bitcoin on there, and well with big exchange 230 00:12:00,720 --> 00:12:03,200 Speaker 1: with a lot of bitcoin and very bad security. What 231 00:12:03,240 --> 00:12:06,840 Speaker 1: do you think happened? Um, Basically the exchange was hacked. Um, 232 00:12:06,840 --> 00:12:10,000 Speaker 1: the thing got shut down, Um, the founder disappeared. All 233 00:12:10,040 --> 00:12:13,840 Speaker 1: these things happened where it left investors losing a lot 234 00:12:13,920 --> 00:12:16,080 Speaker 1: of money. Now at the time, they were losing a 235 00:12:16,080 --> 00:12:19,760 Speaker 1: lot of money, but in today's dollars of bitcoin, it 236 00:12:19,840 --> 00:12:22,240 Speaker 1: is a lot. And so they've been going to court. 237 00:12:22,480 --> 00:12:24,320 Speaker 1: It's been going on for years and years and years 238 00:12:24,320 --> 00:12:26,000 Speaker 1: and years, and all these people that had money on 239 00:12:26,080 --> 00:12:28,720 Speaker 1: that exchange, of course they want their bitcoin back because 240 00:12:28,760 --> 00:12:32,760 Speaker 1: it's become so valuable now today and it's been going 241 00:12:32,760 --> 00:12:36,199 Speaker 1: through court for a long time. And basically news broke 242 00:12:36,280 --> 00:12:41,920 Speaker 1: this week that potentially these creditors are going to finally 243 00:12:42,000 --> 00:12:45,480 Speaker 1: release the money um to pay off the people that 244 00:12:45,600 --> 00:12:48,840 Speaker 1: had money on those exchanges. And basically what they're afraid 245 00:12:48,880 --> 00:12:52,560 Speaker 1: of is that once all of this bitcoin gets released, UM, 246 00:12:52,600 --> 00:12:54,679 Speaker 1: it's just gonna be dumped into the market. It's all 247 00:12:54,679 --> 00:12:58,440 Speaker 1: going to be sold into the market. Now, you know, 248 00:12:58,640 --> 00:13:00,760 Speaker 1: your favorite economist is going to try to make things 249 00:13:00,800 --> 00:13:03,480 Speaker 1: super complicated about the way the economy works and the 250 00:13:03,520 --> 00:13:06,200 Speaker 1: way the stock markets work and all these things. But 251 00:13:06,520 --> 00:13:07,959 Speaker 1: let me just make it simple. For you. Have you 252 00:13:08,000 --> 00:13:10,880 Speaker 1: ever heard of supply and demand. That's basically how things work, 253 00:13:11,080 --> 00:13:16,240 Speaker 1: supply and demand. So when you have more demand for something, 254 00:13:16,280 --> 00:13:20,080 Speaker 1: then there is supply, the price goes up obviously, And 255 00:13:20,120 --> 00:13:23,040 Speaker 1: if you have more supply then there is demand, the 256 00:13:23,080 --> 00:13:29,120 Speaker 1: price goes down. And so bitcoin has a consistent supply schedule, 257 00:13:29,280 --> 00:13:33,640 Speaker 1: meaning um, every single day there's um new bitcoin being 258 00:13:33,720 --> 00:13:37,400 Speaker 1: released into the environment, into the market, and you have 259 00:13:37,480 --> 00:13:41,040 Speaker 1: about a steady appetite for that bitcoin. If all of 260 00:13:41,040 --> 00:13:44,600 Speaker 1: a sudden somebody comes around and dumps a huge amount 261 00:13:44,720 --> 00:13:48,080 Speaker 1: of bitcoin into the market, adds to the supply, but 262 00:13:48,200 --> 00:13:52,240 Speaker 1: the um demand doesn't increase equally, then it will put 263 00:13:52,280 --> 00:13:56,920 Speaker 1: downward pressure on the price. Then the price will drop down, right, 264 00:13:57,400 --> 00:13:59,320 Speaker 1: And so that's what people are afraid of. People are 265 00:13:59,320 --> 00:14:01,920 Speaker 1: afraid that these investors have been waiting for their money 266 00:14:02,160 --> 00:14:05,320 Speaker 1: for so long, since since two tho fourteen, Um, they've 267 00:14:05,320 --> 00:14:08,600 Speaker 1: been waiting for their money, and that you know, by 268 00:14:08,640 --> 00:14:11,360 Speaker 1: the time they finally get it, they're just they just 269 00:14:11,360 --> 00:14:13,080 Speaker 1: want their money. They want to be done with this 270 00:14:13,120 --> 00:14:15,280 Speaker 1: thing and kind of and and just be over. And 271 00:14:15,320 --> 00:14:17,600 Speaker 1: so that's what they're afraid of. If that happens, you know, 272 00:14:17,760 --> 00:14:21,240 Speaker 1: I don't know if that's the case. Um, but kind 273 00:14:21,240 --> 00:14:23,880 Speaker 1: of put this into perspective, man, I think back in 274 00:14:25,040 --> 00:14:27,240 Speaker 1: I don't know exactly I don't have it pulled up 275 00:14:27,280 --> 00:14:29,800 Speaker 1: exactly the month that's happened. But you know bitcoin was 276 00:14:29,840 --> 00:14:33,600 Speaker 1: it about two hundred bucks, you know, and it's up 277 00:14:33,720 --> 00:14:38,280 Speaker 1: at right now. So these people are potentially going to 278 00:14:38,320 --> 00:14:39,920 Speaker 1: get a lot of money, and so it might make 279 00:14:39,960 --> 00:14:42,120 Speaker 1: sense they might want to capture some of that profit 280 00:14:42,400 --> 00:14:44,120 Speaker 1: and dump it into the market. And so that's exactly 281 00:14:44,160 --> 00:14:48,520 Speaker 1: what people are afraid of. Now. Will that happen, Will 282 00:14:48,560 --> 00:14:51,080 Speaker 1: that cause this, you know, to cause the market to 283 00:14:51,080 --> 00:14:53,680 Speaker 1: go down? Will there be this increased selling pressure? Of course, 284 00:14:53,760 --> 00:14:55,880 Speaker 1: we don't know. We don't have a crystal ball. I 285 00:14:55,920 --> 00:14:59,400 Speaker 1: think what happens is people are always trying to figure 286 00:14:59,440 --> 00:15:01,600 Speaker 1: out a re is and why the price is going 287 00:15:01,680 --> 00:15:05,680 Speaker 1: up and down. But the reality is sometimes it just 288 00:15:05,680 --> 00:15:08,600 Speaker 1: goes up and down. Nothing goes up or down in 289 00:15:08,640 --> 00:15:12,160 Speaker 1: a straight line. Um, it just moves right and so um, 290 00:15:12,200 --> 00:15:14,400 Speaker 1: there's traders that are coming in, they're trying to take 291 00:15:14,400 --> 00:15:16,760 Speaker 1: profits at certain levels, and so the price just moves 292 00:15:16,840 --> 00:15:20,000 Speaker 1: up and down. We don't have to have answer every 293 00:15:20,000 --> 00:15:23,160 Speaker 1: single time the stock market drops. The gold market drops 294 00:15:23,240 --> 00:15:26,240 Speaker 1: or bitcoin market drops, and so I think a lot 295 00:15:26,280 --> 00:15:29,160 Speaker 1: of times people are are are reaching right there trying 296 00:15:29,200 --> 00:15:31,240 Speaker 1: to come up with news. These these news sites have 297 00:15:31,360 --> 00:15:33,680 Speaker 1: to come up with an article. Um, but it could 298 00:15:33,680 --> 00:15:36,000 Speaker 1: it could happen, and something to be aware of. But again, 299 00:15:36,000 --> 00:15:37,640 Speaker 1: that's why I keep going back to saying that the 300 00:15:37,680 --> 00:15:41,120 Speaker 1: price is a short term distraction, because even if these 301 00:15:41,160 --> 00:15:43,800 Speaker 1: people did receive, you know, this huge chunk of bitcoin 302 00:15:44,080 --> 00:15:47,680 Speaker 1: which could potentially happen in the first quarter of next year. Um, 303 00:15:47,720 --> 00:15:49,520 Speaker 1: even if that did happen, and even if they did 304 00:15:49,600 --> 00:15:52,160 Speaker 1: want to sell a lot, that might put some short 305 00:15:52,280 --> 00:15:55,000 Speaker 1: term downward pressure into the market, and we might see 306 00:15:55,000 --> 00:15:58,560 Speaker 1: the price dip, but then as absorbed by the market, 307 00:15:58,720 --> 00:16:01,280 Speaker 1: and then the market just goes back up again. It's 308 00:16:01,320 --> 00:16:04,640 Speaker 1: not going to change the long term trajectory. As a 309 00:16:04,680 --> 00:16:06,920 Speaker 1: matter of fact, it might be good to just get 310 00:16:06,960 --> 00:16:08,920 Speaker 1: this out of the way, because I was kind of 311 00:16:08,920 --> 00:16:12,640 Speaker 1: saying before this, the same article keeps resurfacing every so often, 312 00:16:12,800 --> 00:16:14,600 Speaker 1: Oh it looks like they're going to release the mount 313 00:16:14,680 --> 00:16:17,720 Speaker 1: Cox tokens. Everybody watch out, um, And so it seems 314 00:16:17,720 --> 00:16:20,160 Speaker 1: like it just kind of keeps recycling over and over 315 00:16:20,160 --> 00:16:21,880 Speaker 1: and over. So I think it'd be good just to 316 00:16:21,920 --> 00:16:23,840 Speaker 1: get it out of the way. Um, get it over 317 00:16:23,880 --> 00:16:27,240 Speaker 1: with now. This has nothing to do with the long 318 00:16:27,400 --> 00:16:30,480 Speaker 1: term outlook of bitcoin, which we're gonna get into. I 319 00:16:30,480 --> 00:16:33,720 Speaker 1: want to talk about some of the bigger news what's happening, um, 320 00:16:33,760 --> 00:16:35,360 Speaker 1: and so this has nothing to do with any of that. 321 00:16:35,440 --> 00:16:37,880 Speaker 1: It's just short term price. The other thing is that 322 00:16:38,000 --> 00:16:40,360 Speaker 1: you know, when you look at some of these price charts, 323 00:16:40,400 --> 00:16:44,280 Speaker 1: if you look at the technical analysis the candles, you 324 00:16:44,360 --> 00:16:47,480 Speaker 1: see this volatility, and you're like, dang, why didn't Why 325 00:16:47,480 --> 00:16:49,240 Speaker 1: didn't I just sell there? And then I should have 326 00:16:49,280 --> 00:16:52,200 Speaker 1: bought back in here? Um, why didn't I do that? Well, 327 00:16:52,560 --> 00:16:55,640 Speaker 1: what they say is hindsight is right. It's easy when 328 00:16:55,640 --> 00:16:58,600 Speaker 1: you're looking backwards. But the reality is, um, you can't 329 00:16:58,600 --> 00:17:01,120 Speaker 1: trade news like this. There's no way to know the 330 00:17:01,160 --> 00:17:06,840 Speaker 1: top or the bottom until you're looking backwards. So UM, 331 00:17:06,880 --> 00:17:08,840 Speaker 1: you know, it just is what it is. In my opinion, 332 00:17:08,920 --> 00:17:12,040 Speaker 1: I think you just zoom out your dollar cost average 333 00:17:12,080 --> 00:17:15,120 Speaker 1: and that means you buy a little bit um over time, 334 00:17:15,880 --> 00:17:18,960 Speaker 1: and the market demand will continue growing higher and higher 335 00:17:18,960 --> 00:17:21,919 Speaker 1: and higher. The technology will continue taking off more and 336 00:17:21,960 --> 00:17:24,760 Speaker 1: more and more, and the price will just take care 337 00:17:24,800 --> 00:17:27,800 Speaker 1: of itself. All right, Now, going back to what I said, 338 00:17:27,800 --> 00:17:30,560 Speaker 1: this doesn't change the long term demand. There was something 339 00:17:30,560 --> 00:17:34,879 Speaker 1: else that happened this week that, um, I think just 340 00:17:35,000 --> 00:17:38,320 Speaker 1: shows how big of a demand this is going to have. 341 00:17:39,280 --> 00:17:43,200 Speaker 1: As a matter of fact, there are some very important 342 00:17:43,200 --> 00:17:47,240 Speaker 1: and powerful people who think it could have some of 343 00:17:47,240 --> 00:17:50,720 Speaker 1: the most powerful consequences of the whole world. I want 344 00:17:50,720 --> 00:17:52,800 Speaker 1: to explain what that is when I get back in 345 00:17:52,920 --> 00:17:54,600 Speaker 1: just a second. By the way, you're listening to the 346 00:17:54,600 --> 00:17:57,720 Speaker 1: Mark Moa Show, and of course if you're just tuning 347 00:17:57,720 --> 00:17:59,760 Speaker 1: it in, you probably don't know what we're talking about 348 00:17:59,760 --> 00:18:02,440 Speaker 1: big and we're talking about cryptocurrencies. We're talking about this 349 00:18:02,480 --> 00:18:07,040 Speaker 1: decentralized revolution that's happening. History is being made while we 350 00:18:07,119 --> 00:18:10,040 Speaker 1: are watching. It's pretty pretty incredible when you step back. 351 00:18:10,480 --> 00:18:12,919 Speaker 1: So Mark Moss will be back with more bitcoin content 352 00:18:13,040 --> 00:18:15,880 Speaker 1: in just a minute. Don't go away, all right, welcome back. 353 00:18:15,960 --> 00:18:18,199 Speaker 1: You are back with me again, Mark Moss. As we 354 00:18:18,280 --> 00:18:21,840 Speaker 1: talk about bitcoin each end every week, we're gonna be 355 00:18:21,840 --> 00:18:24,520 Speaker 1: talking about the cryptocurrency markets. We're gonna be talking about 356 00:18:24,800 --> 00:18:29,159 Speaker 1: the decentralized revolution that is taking place. We're literally witnessing 357 00:18:29,200 --> 00:18:32,760 Speaker 1: it as we go through and I know, um, you know, 358 00:18:33,359 --> 00:18:34,640 Speaker 1: a lot of people are busy, a lot of people 359 00:18:34,640 --> 00:18:36,919 Speaker 1: aren zoom out, the're not paying attention, and a lot 360 00:18:37,000 --> 00:18:39,399 Speaker 1: of this stuff that's happening today, maybe you don't notice it, 361 00:18:39,560 --> 00:18:42,360 Speaker 1: or maybe just it's just gonna blow over. But I'm 362 00:18:42,400 --> 00:18:46,760 Speaker 1: telling you this is going to have profound implications for 363 00:18:46,840 --> 00:18:50,919 Speaker 1: the future. Now, in my opinion, great implications for the future. 364 00:18:51,400 --> 00:18:55,000 Speaker 1: Some people think it could have bad implications for the future, 365 00:18:55,160 --> 00:18:57,280 Speaker 1: and I guess it depends on which side of the 366 00:18:57,320 --> 00:19:00,480 Speaker 1: power structure you're on. So before the break, I was 367 00:19:00,520 --> 00:19:05,520 Speaker 1: talking about how somebody who's pretty powerful is worried that 368 00:19:05,680 --> 00:19:09,000 Speaker 1: it could actually be bad. Um, But if they think 369 00:19:09,000 --> 00:19:11,280 Speaker 1: it's bad, then I think it's good. So Um, the 370 00:19:11,280 --> 00:19:15,400 Speaker 1: news story is that Hillary Clinton, good old Hillary, says 371 00:19:15,440 --> 00:19:22,280 Speaker 1: that cryptocurrency has the potential to destabilize nations and traditional currencies. 372 00:19:23,000 --> 00:19:28,280 Speaker 1: Cryptocurrency has the potential to destabilize nations and traditional currencies. 373 00:19:28,480 --> 00:19:31,720 Speaker 1: So think about that. So before the break, I was 374 00:19:31,720 --> 00:19:36,760 Speaker 1: talking about Mount Cox and how um people think that 375 00:19:36,920 --> 00:19:39,200 Speaker 1: maybe the reason why the market, the price, the US 376 00:19:39,280 --> 00:19:42,600 Speaker 1: dollar value of bitcoin took a dip is because this 377 00:19:42,640 --> 00:19:44,919 Speaker 1: Mountain Cox is finally going to release all these bitcoin 378 00:19:44,960 --> 00:19:48,720 Speaker 1: that could dump on the market. Um, that's very very 379 00:19:48,760 --> 00:19:51,680 Speaker 1: short term. That's like trying to ride a bicycle and 380 00:19:51,720 --> 00:19:53,399 Speaker 1: just looking at your front tire. You can't do that. 381 00:19:53,440 --> 00:19:56,200 Speaker 1: You gotta look out ahead. UM. So anyone who's looking 382 00:19:56,240 --> 00:19:58,879 Speaker 1: at this Mountain Cox incident and worrying about the price 383 00:19:59,280 --> 00:20:01,600 Speaker 1: is basically staring at the front tire. Look at the 384 00:20:01,680 --> 00:20:06,720 Speaker 1: long game. Here you have Hillary Clinton, who is you know, 385 00:20:07,040 --> 00:20:10,280 Speaker 1: pretty influential in the world, pretty connected obviously, which is 386 00:20:10,320 --> 00:20:14,160 Speaker 1: why the news news news headlines feature her, and she's 387 00:20:14,160 --> 00:20:18,879 Speaker 1: saying that it has the potential to destabilize nations and 388 00:20:18,960 --> 00:20:22,720 Speaker 1: traditional currencies. It's going to be that big um. She 389 00:20:22,960 --> 00:20:28,160 Speaker 1: warned of the rise of new crypto technologies and what 390 00:20:28,200 --> 00:20:30,640 Speaker 1: that could mean. I mean, she's obviously not a fan 391 00:20:31,119 --> 00:20:33,840 Speaker 1: um and she thinks it could undermine these Now she's 392 00:20:33,840 --> 00:20:37,359 Speaker 1: not alone. We've also heard from Janet Yellen, who's at 393 00:20:37,359 --> 00:20:41,280 Speaker 1: the U. S. Treasury saying the same thing. We have UM, 394 00:20:42,119 --> 00:20:45,560 Speaker 1: people like from the ECB, the European Central Bank, from 395 00:20:45,600 --> 00:20:48,800 Speaker 1: the i m F, like Christine Legarde. She says that 396 00:20:49,359 --> 00:20:54,360 Speaker 1: she said that innovation is a threat to our financial stability, 397 00:20:54,600 --> 00:20:56,920 Speaker 1: basically the same thing as Hillary saying. But what they're 398 00:20:56,960 --> 00:21:00,840 Speaker 1: really saying is that it's a threat to their monopoly 399 00:21:01,320 --> 00:21:05,280 Speaker 1: on the financial system. Um. You might have heard of 400 00:21:05,320 --> 00:21:09,400 Speaker 1: the Rothchild family before. UM, if you've been involved in finance, 401 00:21:09,920 --> 00:21:12,200 Speaker 1: UM for any period of time, especially if you're into 402 00:21:12,200 --> 00:21:17,359 Speaker 1: more of the we'll say, uh controversial type topics. I 403 00:21:17,359 --> 00:21:20,080 Speaker 1: don't want to say conspiratorial, but you might have heard 404 00:21:20,080 --> 00:21:23,439 Speaker 1: of the Rothchild family. I think it was Mayor Rothchild 405 00:21:23,520 --> 00:21:26,880 Speaker 1: and like the mid eighteen hundreds famously said I care 406 00:21:27,000 --> 00:21:30,760 Speaker 1: not who makes a nation's laws, or say, I think 407 00:21:30,760 --> 00:21:34,080 Speaker 1: he said, give me control over a nation's money, and 408 00:21:34,119 --> 00:21:36,960 Speaker 1: I care not who makes the laws. So they don't 409 00:21:36,960 --> 00:21:39,399 Speaker 1: care about the laws, they care about who controls the money. 410 00:21:39,640 --> 00:21:42,280 Speaker 1: And so when you hear Christine Legarde from the International 411 00:21:42,320 --> 00:21:44,880 Speaker 1: Monetary Fund and the e c B, or Janet Yellen 412 00:21:44,960 --> 00:21:48,760 Speaker 1: or now Hillary Clinton saying that cryptocurrency is a threat 413 00:21:49,280 --> 00:21:53,440 Speaker 1: to the financial system, what they're really saying is that 414 00:21:53,560 --> 00:21:56,439 Speaker 1: it's a threat to their monopoly on that. Back to 415 00:21:56,520 --> 00:21:59,080 Speaker 1: Mayor Rothchild, he only wants to control the money. They're 416 00:21:59,119 --> 00:22:01,960 Speaker 1: losing control roll of the money. And if you think 417 00:22:02,000 --> 00:22:11,360 Speaker 1: about this, bitcoin is a open borderless, um permissionless, decentralized protocol. 418 00:22:11,760 --> 00:22:13,760 Speaker 1: That's all It is all. It is a piece of 419 00:22:13,840 --> 00:22:16,880 Speaker 1: computer code at the end of the day. It's not 420 00:22:17,240 --> 00:22:20,520 Speaker 1: any new technology like an iPhone. It's a protocol kind 421 00:22:20,520 --> 00:22:22,520 Speaker 1: of like the Internet protocol, which is a t c 422 00:22:22,720 --> 00:22:24,800 Speaker 1: P I P. If any of you have ever set 423 00:22:24,880 --> 00:22:27,280 Speaker 1: up like your home router or something like that, you 424 00:22:27,280 --> 00:22:30,080 Speaker 1: know what an i P addresses. So t c P 425 00:22:30,200 --> 00:22:32,840 Speaker 1: I P is a protocol that's used for people to 426 00:22:32,880 --> 00:22:36,880 Speaker 1: be able to send packets of information across the Internet. Well, 427 00:22:36,920 --> 00:22:39,760 Speaker 1: bitcoin is also a piece of code. It's a protocol 428 00:22:39,800 --> 00:22:43,760 Speaker 1: that allows you to send value over the Internet. That's it, 429 00:22:44,400 --> 00:22:46,760 Speaker 1: and so and and and not only that. Just like 430 00:22:46,800 --> 00:22:49,560 Speaker 1: t c P I P the Internet protocol, the t 431 00:22:49,640 --> 00:22:53,239 Speaker 1: c P I P Internet protocol is decentralized. Nobody owns it, 432 00:22:53,840 --> 00:22:56,240 Speaker 1: nobody controls it. It's just it's a piece of code. 433 00:22:56,560 --> 00:22:58,440 Speaker 1: That's it. It's just a piece of code that's open. 434 00:22:58,600 --> 00:23:01,200 Speaker 1: Anyone can see what the code says is, anyone can 435 00:23:01,280 --> 00:23:04,520 Speaker 1: build onto the code. Um, nobody's protecting the code. It's 436 00:23:04,560 --> 00:23:07,639 Speaker 1: just a piece of open source code. And that's what 437 00:23:07,640 --> 00:23:11,399 Speaker 1: bitcoin is as well, open source code. And Hillary Clinton 438 00:23:11,440 --> 00:23:15,000 Speaker 1: is saying that it has the power to undermine the 439 00:23:15,280 --> 00:23:19,320 Speaker 1: entire financial system. So think about this. So the financial system. 440 00:23:19,480 --> 00:23:22,240 Speaker 1: Think about the United States dollar, which is the reserve 441 00:23:22,320 --> 00:23:26,080 Speaker 1: currency of the entire world. Um. It's a lot of 442 00:23:26,080 --> 00:23:29,239 Speaker 1: people say still think it's backed by gold. Um. Some 443 00:23:29,280 --> 00:23:31,560 Speaker 1: people think it's backed by nothing, which it is. Some 444 00:23:31,600 --> 00:23:35,960 Speaker 1: people think it's backed by the military, the guns, the weapons, etcetera. UM. 445 00:23:36,000 --> 00:23:38,840 Speaker 1: So we have the United States dollar, which is the 446 00:23:38,880 --> 00:23:42,280 Speaker 1: reserve currency of the world, the swift banking system, which 447 00:23:42,320 --> 00:23:45,359 Speaker 1: is how the United States controls the world's reserve system, 448 00:23:45,400 --> 00:23:48,080 Speaker 1: the reserve world's monetary system. So when you hear about 449 00:23:48,080 --> 00:23:50,879 Speaker 1: the U. S slapping sanctions on Russia or sanctions on Iran, 450 00:23:51,160 --> 00:23:53,000 Speaker 1: they do that through the swift system. If you've ever 451 00:23:53,040 --> 00:23:55,320 Speaker 1: sent a wire transfer, then you know what the swift 452 00:23:55,359 --> 00:23:58,480 Speaker 1: system is. UM. And then we have the military, and 453 00:23:58,480 --> 00:24:00,520 Speaker 1: we have all the we have the Federal Reserve, and 454 00:24:00,560 --> 00:24:02,679 Speaker 1: we have all the banks JP. Morgan, and then we 455 00:24:02,720 --> 00:24:04,760 Speaker 1: have the head of the Federal Reserve, and we have 456 00:24:04,840 --> 00:24:07,400 Speaker 1: this the Treasury with Janet Yellen, and we have all 457 00:24:07,480 --> 00:24:10,000 Speaker 1: these people, We have all this military, We have all 458 00:24:10,040 --> 00:24:15,280 Speaker 1: these things to support the financial system. I don't know, 459 00:24:16,359 --> 00:24:20,240 Speaker 1: millions of people, millions of people, hundreds of trillions of 460 00:24:20,280 --> 00:24:25,520 Speaker 1: dollars of manpower and technology to support the US financial system, 461 00:24:25,600 --> 00:24:30,600 Speaker 1: and an open source piece of code it's gonna destabilize it. 462 00:24:32,119 --> 00:24:36,240 Speaker 1: Think about that. Think about how powerful that is. One 463 00:24:36,400 --> 00:24:40,120 Speaker 1: small piece of open source code that can literally fit 464 00:24:40,160 --> 00:24:43,960 Speaker 1: onto a thumb drive that's not controlled by anyone. It's 465 00:24:44,000 --> 00:24:48,639 Speaker 1: just a piece of code. A protocol could undermine the 466 00:24:48,920 --> 00:24:52,520 Speaker 1: entire financial system, could replace it, could replace it. But 467 00:24:52,560 --> 00:24:54,199 Speaker 1: that's what that's what they're saying when they're saying they 468 00:24:54,200 --> 00:24:57,000 Speaker 1: could undermine it. They're saying it could replace it. What 469 00:24:57,000 --> 00:24:59,480 Speaker 1: what does that mean? To undermine it? They're saying that 470 00:24:59,560 --> 00:25:03,359 Speaker 1: people might opt to use that system instead of there's 471 00:25:03,760 --> 00:25:06,160 Speaker 1: right that's undermining it. Like um, if you're a parent 472 00:25:06,640 --> 00:25:09,520 Speaker 1: that you have a kid, and your kid ask you know, 473 00:25:09,840 --> 00:25:11,639 Speaker 1: you one question and they go ask your husband or 474 00:25:11,680 --> 00:25:13,119 Speaker 1: wife the other question. You know that they didn't get 475 00:25:13,119 --> 00:25:15,359 Speaker 1: the answer they wanted and they go ask the other person, 476 00:25:15,600 --> 00:25:17,719 Speaker 1: and they're undermining you, right, they're getting the answer from 477 00:25:17,760 --> 00:25:20,680 Speaker 1: somebody else. So if you don't like the dollar system 478 00:25:20,840 --> 00:25:23,280 Speaker 1: that trillions of dollars is being used to prop up UM, 479 00:25:23,280 --> 00:25:24,879 Speaker 1: if you don't like that, well you could use this 480 00:25:24,920 --> 00:25:27,520 Speaker 1: piece of open source code that nobody controls and nobody has, 481 00:25:27,640 --> 00:25:31,399 Speaker 1: you know, power over UM, and people are opting to 482 00:25:31,520 --> 00:25:34,960 Speaker 1: do that. It's taking power away. It's just uh, it's 483 00:25:35,040 --> 00:25:38,199 Speaker 1: it's a pretty amazing thought for me. Anyway, Hopefully you 484 00:25:38,200 --> 00:25:41,600 Speaker 1: guys see the same thing. To look at that, an 485 00:25:41,640 --> 00:25:47,439 Speaker 1: open source piece of code undermining the entire financial system. 486 00:25:47,480 --> 00:25:49,360 Speaker 1: And and in my opinion, that's not a bad thing. 487 00:25:49,400 --> 00:25:51,800 Speaker 1: In my opinion, that's a good thing. In my opinion, 488 00:25:52,640 --> 00:25:57,199 Speaker 1: we need to remove money and state. We need a 489 00:25:57,280 --> 00:25:59,840 Speaker 1: separation of money and state. Like we had a separation 490 00:25:59,840 --> 00:26:01,720 Speaker 1: of church and state. We need a separation of money 491 00:26:01,720 --> 00:26:06,080 Speaker 1: and state. The government has not always issued money. They 492 00:26:06,080 --> 00:26:08,639 Speaker 1: didn't create money, they didn't invent it. They should have 493 00:26:08,680 --> 00:26:11,840 Speaker 1: no power to um create it and to control it. 494 00:26:12,520 --> 00:26:15,800 Speaker 1: So we could opt to use a different system like 495 00:26:15,920 --> 00:26:19,560 Speaker 1: this open source piece of code UM because I like 496 00:26:19,640 --> 00:26:21,720 Speaker 1: that better, because I'm not being manipulated. It can't be 497 00:26:21,760 --> 00:26:24,480 Speaker 1: stolen from me, it can't be seized, they can't artificially inflated, 498 00:26:24,480 --> 00:26:26,880 Speaker 1: and they can't steal from me. That way, I tend 499 00:26:26,880 --> 00:26:30,000 Speaker 1: to like that better. And if that undermines their system, 500 00:26:30,080 --> 00:26:33,679 Speaker 1: that's a good thing. Right. That's how technology works to 501 00:26:33,720 --> 00:26:39,160 Speaker 1: actually something called creative destruction, and what creative destruction means 502 00:26:39,240 --> 00:26:42,119 Speaker 1: is that when something new is created, when there's a 503 00:26:42,160 --> 00:26:45,960 Speaker 1: new way of doing something, it destroys the old way. 504 00:26:46,119 --> 00:26:51,760 Speaker 1: So digital cameras destroyed film grammars for the most part, right, Um, 505 00:26:51,840 --> 00:26:55,399 Speaker 1: not because they're mean or because they're bad, they're just better. 506 00:26:55,880 --> 00:26:59,040 Speaker 1: It's just better technology, and so why wouldn't I use it? 507 00:26:59,040 --> 00:27:00,879 Speaker 1: And so that kill is the old way. That's how 508 00:27:00,880 --> 00:27:03,399 Speaker 1: it's always supposed to work. Um. You know, a forest 509 00:27:03,440 --> 00:27:06,200 Speaker 1: fire burns away the underbrush so we can have new growth. 510 00:27:06,440 --> 00:27:08,240 Speaker 1: And technology is the same thing, right, So it's it's 511 00:27:08,240 --> 00:27:09,960 Speaker 1: a better way of doing things and it replaces the 512 00:27:09,960 --> 00:27:14,399 Speaker 1: old and these people want to slow that down. Christine 513 00:27:14,480 --> 00:27:18,000 Speaker 1: Leguard said that innovation is a problem. It's a problem, 514 00:27:18,160 --> 00:27:20,359 Speaker 1: and so I think it's a problem that they want 515 00:27:20,400 --> 00:27:23,199 Speaker 1: to stop innovation. But what do you think? I'd love 516 00:27:23,240 --> 00:27:25,359 Speaker 1: to hear from you. You can find me on Twitter 517 00:27:25,520 --> 00:27:28,240 Speaker 1: at one Mark Moss, that's the number one at one 518 00:27:28,280 --> 00:27:30,920 Speaker 1: Mark Moss, or on Instagram. I'd love for you to 519 00:27:31,800 --> 00:27:34,080 Speaker 1: let me know what you think about that on my 520 00:27:34,200 --> 00:27:36,679 Speaker 1: social media. Send me, send me a message at me 521 00:27:37,400 --> 00:27:39,720 Speaker 1: and I will make sure to answer that question. I'd 522 00:27:39,760 --> 00:27:41,280 Speaker 1: love to hear that you're listening. You listen to the 523 00:27:41,320 --> 00:27:44,280 Speaker 1: Mark mo Show. We're talking about bitcoin, cryptocurrencies and the 524 00:27:44,359 --> 00:27:49,200 Speaker 1: decentralized revolution, and I will be right back. Welcome back. 525 00:27:49,240 --> 00:27:51,400 Speaker 1: You're back listening to the Mark Moa Show, and we're 526 00:27:51,400 --> 00:27:54,400 Speaker 1: talking about bitcoin and we're talking about cryptocurrencies, and we're 527 00:27:54,400 --> 00:27:58,520 Speaker 1: talking about the decentralized revolution that is sweeping the world 528 00:27:59,240 --> 00:28:02,119 Speaker 1: and how it's the biggest opportunity of your life, the 529 00:28:02,119 --> 00:28:05,840 Speaker 1: biggest opportunity you'll ever see in your life multiple lifetimes, 530 00:28:05,880 --> 00:28:07,879 Speaker 1: for that matter. And if you listen to me each 531 00:28:07,880 --> 00:28:09,959 Speaker 1: and every week, you're going to have the information you 532 00:28:10,040 --> 00:28:12,679 Speaker 1: need in order to play this the right way. All 533 00:28:12,760 --> 00:28:16,040 Speaker 1: right now, we were talking about before the break, how 534 00:28:16,119 --> 00:28:21,800 Speaker 1: Hillary Clinton came out and said that bitcoin or cryptocurrencies 535 00:28:22,520 --> 00:28:27,160 Speaker 1: could undermine the entire financial system. Um. And I said, 536 00:28:27,200 --> 00:28:28,960 Speaker 1: how Christine Lagarde, she used to be with the i 537 00:28:29,080 --> 00:28:31,440 Speaker 1: m F International Moentary Fund. It's like the central bank 538 00:28:31,440 --> 00:28:33,760 Speaker 1: above central banks. She's now with the ECB, the European 539 00:28:33,800 --> 00:28:36,639 Speaker 1: Central Bank. She said that innovation is a threat to 540 00:28:36,680 --> 00:28:41,040 Speaker 1: their financial Um is their financial monopoly is really what 541 00:28:41,080 --> 00:28:43,320 Speaker 1: she's saying. UM. And so we're talking about that, and 542 00:28:43,360 --> 00:28:46,640 Speaker 1: I was just saying, how um, how funny that is, 543 00:28:46,680 --> 00:28:51,160 Speaker 1: how ironic that a small, open source piece of code 544 00:28:51,640 --> 00:28:53,800 Speaker 1: that nobody owns, her controls, just a piece of code 545 00:28:54,240 --> 00:28:57,120 Speaker 1: could undermine the entire financial system. And and and the 546 00:28:57,120 --> 00:28:59,720 Speaker 1: reason why it undermines it is because it's better, so 547 00:28:59,800 --> 00:29:05,520 Speaker 1: people opt to use it instead of of of the 548 00:29:05,560 --> 00:29:08,600 Speaker 1: of the current financial system that we have. And so um, 549 00:29:08,600 --> 00:29:11,720 Speaker 1: it's interesting to see this happening in real time. And 550 00:29:11,840 --> 00:29:15,480 Speaker 1: this week also we saw that India announced it says 551 00:29:15,640 --> 00:29:21,320 Speaker 1: uh India could bar transactions in cryptocurrencies, but they could 552 00:29:21,360 --> 00:29:26,480 Speaker 1: permit holding them as assets. Mm hmm, that's kind of interesting. 553 00:29:26,520 --> 00:29:29,200 Speaker 1: I haven't really heard that one before. Of course, if 554 00:29:29,240 --> 00:29:31,440 Speaker 1: you've been following the space for any period of time, 555 00:29:31,480 --> 00:29:36,560 Speaker 1: you know that countries pretty routinely decided to ban cryptocurrencies 556 00:29:36,600 --> 00:29:39,040 Speaker 1: and then allow cryptocurrencies and then banned them, and they 557 00:29:39,120 --> 00:29:41,720 Speaker 1: kind of waffle back and forth. Um, and India is 558 00:29:41,760 --> 00:29:46,440 Speaker 1: definitely one of those countries. Now, India is definitely not 559 00:29:46,600 --> 00:29:49,400 Speaker 1: the poster child for financial freedom. Let's just say that. 560 00:29:49,680 --> 00:29:53,120 Speaker 1: I think it was two thousand sixteen, so about five 561 00:29:53,200 --> 00:29:57,719 Speaker 1: years ago they just kind of overnight decided that of shoot, 562 00:29:57,840 --> 00:30:01,120 Speaker 1: is it. The thousand and five rooting notes were illegal. 563 00:30:01,720 --> 00:30:04,560 Speaker 1: I think those were like, sorry, off top of my hand, 564 00:30:04,560 --> 00:30:06,440 Speaker 1: I think you're like fifty bucks or something like that 565 00:30:06,480 --> 00:30:09,560 Speaker 1: the time and this overnight. Sorry, Um, those bills are 566 00:30:09,560 --> 00:30:11,960 Speaker 1: no longer legal anymore. You can't use them anymore, and 567 00:30:12,000 --> 00:30:13,520 Speaker 1: we're going to give you. I think it was like 568 00:30:13,640 --> 00:30:17,240 Speaker 1: thirty days to turn them in or they're no good. Well, 569 00:30:17,360 --> 00:30:20,880 Speaker 1: in India, it's a very rural country, and so people 570 00:30:22,160 --> 00:30:25,160 Speaker 1: store their wealth and gold, jewelry things like that, but 571 00:30:25,160 --> 00:30:27,240 Speaker 1: they also they also have a lot of cash, and 572 00:30:27,240 --> 00:30:29,120 Speaker 1: they put a lot of cash in their mattresses or 573 00:30:29,160 --> 00:30:31,840 Speaker 1: bury it or whatever they're doing. And so they said, hey, 574 00:30:31,880 --> 00:30:34,280 Speaker 1: we're gonna make all these notes illegal and you have 575 00:30:34,360 --> 00:30:36,000 Speaker 1: like thirty days to turn them in, so you better 576 00:30:36,040 --> 00:30:38,120 Speaker 1: go to the bank and turn them in. Oh and 577 00:30:38,160 --> 00:30:41,720 Speaker 1: by the way, if you can't produce all the paperwork 578 00:30:42,040 --> 00:30:46,800 Speaker 1: of how you got those dollars, then um, there's like 579 00:30:46,840 --> 00:30:49,880 Speaker 1: this massive fine. I forget like a fifty fine or 580 00:30:49,880 --> 00:30:52,640 Speaker 1: some tax or something like that, or they're gonna seize 581 00:30:52,680 --> 00:30:55,520 Speaker 1: it from you. So that was pretty interesting. So that's 582 00:30:55,600 --> 00:30:58,000 Speaker 1: that's the case with India. So now this week they're 583 00:30:58,040 --> 00:31:01,040 Speaker 1: saying that they want to blow are the use of 584 00:31:01,080 --> 00:31:04,880 Speaker 1: cryptocurrency for transactions or for making payments, but they will 585 00:31:04,920 --> 00:31:08,720 Speaker 1: allow you to hold them as assets like gold, or 586 00:31:08,760 --> 00:31:11,480 Speaker 1: like stocks, or like bonds or something like that, which 587 00:31:11,520 --> 00:31:13,680 Speaker 1: is pretty interesting. So a couple of things that I 588 00:31:13,720 --> 00:31:17,200 Speaker 1: think that are interesting is one they obviously see the 589 00:31:18,480 --> 00:31:22,760 Speaker 1: um let's just say, the long term potential for increasing 590 00:31:22,800 --> 00:31:25,440 Speaker 1: your purchasing power, for going up in value. Right, So 591 00:31:25,480 --> 00:31:27,520 Speaker 1: they see it. They see it as a good potential 592 00:31:27,560 --> 00:31:29,880 Speaker 1: for making money. UM. So they don't want to bar 593 00:31:30,040 --> 00:31:33,000 Speaker 1: their citizens from participating in that. So that's at least 594 00:31:33,000 --> 00:31:35,160 Speaker 1: a good thing. You know. The one thing, UM, A 595 00:31:35,280 --> 00:31:39,480 Speaker 1: nation could make buying cryptocurrencies illegal. They could do that. 596 00:31:39,960 --> 00:31:42,240 Speaker 1: They could say, if we catch you with cryptocurrencies, will 597 00:31:42,240 --> 00:31:44,720 Speaker 1: throw you in jail. They could do that, but all 598 00:31:44,760 --> 00:31:48,560 Speaker 1: they're doing is barring their own citizens from participating in it. 599 00:31:48,560 --> 00:31:51,120 Speaker 1: It doesn't actually stop it or shut it down all right. 600 00:31:51,560 --> 00:31:54,000 Speaker 1: So UM, India could say no one is allowed to 601 00:31:54,200 --> 00:31:57,120 Speaker 1: do anything with it, you can't touch it, trade at nothing, um. 602 00:31:57,160 --> 00:31:59,680 Speaker 1: And that would not stop it here in the United States, 603 00:31:59,720 --> 00:32:02,240 Speaker 1: which will be using it. UM. It would only prevent 604 00:32:02,280 --> 00:32:04,400 Speaker 1: people in India from participating. So what they're doing is 605 00:32:04,440 --> 00:32:08,840 Speaker 1: just making their own citizens poor and so somehow India 606 00:32:08,880 --> 00:32:12,360 Speaker 1: seems to recognize that because they want to allow them 607 00:32:12,400 --> 00:32:16,400 Speaker 1: to hold the assets like gold or or stock or bonds, 608 00:32:16,480 --> 00:32:20,320 Speaker 1: but not use them for transactions. And they says that 609 00:32:20,960 --> 00:32:26,200 Speaker 1: this approach would avoid implementing a complete ban. Now, I 610 00:32:26,200 --> 00:32:28,760 Speaker 1: don't know exactly how they'll do that. My guess is 611 00:32:28,800 --> 00:32:31,320 Speaker 1: they would probably do something like a like some sort 612 00:32:31,320 --> 00:32:33,200 Speaker 1: of like an index or fund or like an e 613 00:32:33,320 --> 00:32:35,520 Speaker 1: t F where you can buy gold through like a 614 00:32:35,560 --> 00:32:38,600 Speaker 1: gold ETF right now, but you don't take the physical gold. 615 00:32:38,680 --> 00:32:41,080 Speaker 1: You can't you know, take possession of it. Um, you 616 00:32:41,200 --> 00:32:43,840 Speaker 1: just have access to the price of gold. I definitely 617 00:32:43,840 --> 00:32:47,120 Speaker 1: wouldn't recommend holding gold that way. We just had the 618 00:32:47,240 --> 00:32:50,400 Speaker 1: launch of the first bitcoin et F. I think it 619 00:32:50,480 --> 00:32:52,680 Speaker 1: was about a month ago now, UM I talked about 620 00:32:52,680 --> 00:32:54,800 Speaker 1: it on this show back then, and we had the 621 00:32:55,040 --> 00:32:56,720 Speaker 1: launch of the first bitcoin ETF, and that's kind of 622 00:32:56,760 --> 00:32:59,280 Speaker 1: the same way. I don't own bitcoin, but I have 623 00:32:59,440 --> 00:33:01,959 Speaker 1: exposure to the price of bitcoin through the e t F. 624 00:33:02,320 --> 00:33:04,360 Speaker 1: And so maybe India would do something like that, create 625 00:33:04,400 --> 00:33:05,800 Speaker 1: some sort of a fund or an et F where 626 00:33:05,800 --> 00:33:07,840 Speaker 1: you have exposure to the price but you don't actually 627 00:33:07,880 --> 00:33:12,360 Speaker 1: own it. Maybe, UM, but in the India's Prime Minister 628 00:33:12,560 --> 00:33:17,520 Speaker 1: said um that he was concerned that unregulated crypto markets 629 00:33:17,560 --> 00:33:23,680 Speaker 1: could become avenues for money laundering and terror financing. Oh, 630 00:33:23,880 --> 00:33:26,400 Speaker 1: it's always the big boogeyman that comes out, right, they 631 00:33:26,400 --> 00:33:29,040 Speaker 1: think about the worst things. Um, there was a fence 632 00:33:29,120 --> 00:33:32,720 Speaker 1: in so FENCIND is the Financial Enforcement Crimes Network for 633 00:33:32,760 --> 00:33:35,200 Speaker 1: the United States. Um, it's one of the big, you know, 634 00:33:35,240 --> 00:33:37,880 Speaker 1: money regulatory bodies in the United States. They did a 635 00:33:37,920 --> 00:33:40,440 Speaker 1: big study that was called the Fence IND Files. I 636 00:33:40,480 --> 00:33:43,160 Speaker 1: think it came out six or nine months ago, and 637 00:33:43,200 --> 00:33:46,719 Speaker 1: they basically showed how the big banks of the world, 638 00:33:47,120 --> 00:33:51,800 Speaker 1: the hsbcs, the douche banks, etcetera, have have laundered over 639 00:33:52,040 --> 00:33:57,280 Speaker 1: two trillion dollars as two trillion with a t two 640 00:33:57,320 --> 00:34:01,960 Speaker 1: trillion dollars laundered money for cartels and things like that. 641 00:34:01,960 --> 00:34:05,360 Speaker 1: That's dollars. That's the dollar system. That's the dollar system 642 00:34:05,360 --> 00:34:08,239 Speaker 1: they control, and they can't stop it with that, and 643 00:34:08,280 --> 00:34:12,120 Speaker 1: they're worried about, Um, you or the people in India 644 00:34:12,160 --> 00:34:17,680 Speaker 1: with very little money, they're worried about them potentially laundering money. 645 00:34:17,920 --> 00:34:21,040 Speaker 1: What does that even mean? Laundering money? So that's basically 646 00:34:21,080 --> 00:34:24,240 Speaker 1: doing anything that the government hasn't given you explicit license 647 00:34:24,320 --> 00:34:26,279 Speaker 1: to do. I mean, if you think about that for 648 00:34:26,320 --> 00:34:30,799 Speaker 1: a second, they're basically saying you're not free. You don't 649 00:34:30,800 --> 00:34:33,359 Speaker 1: have freedom to do with your money as you see fit. Um, 650 00:34:33,480 --> 00:34:37,120 Speaker 1: you can only use money inside the consigned, confined space 651 00:34:37,400 --> 00:34:41,280 Speaker 1: and limits that we give you. Now it's interesting about 652 00:34:41,320 --> 00:34:43,960 Speaker 1: that is I think that you know, if if the 653 00:34:44,000 --> 00:34:46,840 Speaker 1: United States, there any government for that matter, said that 654 00:34:46,960 --> 00:34:50,680 Speaker 1: drugs were illegal, which of course they did and they are, Um, 655 00:34:50,719 --> 00:34:55,360 Speaker 1: that doesn't make you want to go do them right, um, 656 00:34:55,400 --> 00:34:58,360 Speaker 1: But still even then they can't stop drugs. But what 657 00:34:58,400 --> 00:35:01,239 Speaker 1: about when a nation tells you that you don't have 658 00:35:01,360 --> 00:35:04,120 Speaker 1: the right to hold your wealth in a way that 659 00:35:04,160 --> 00:35:06,480 Speaker 1: we can't steal from you. You don't have the right 660 00:35:06,520 --> 00:35:10,719 Speaker 1: to use, um, whatever terms of buying and selling that 661 00:35:10,800 --> 00:35:14,640 Speaker 1: you want. You don't have the freedom to move your 662 00:35:14,640 --> 00:35:18,120 Speaker 1: money around except for in the regulated channels we give you. 663 00:35:18,200 --> 00:35:20,239 Speaker 1: When they tell you that, it makes you want to 664 00:35:20,320 --> 00:35:23,319 Speaker 1: do that. And so I think it's pretty interesting to 665 00:35:23,360 --> 00:35:26,759 Speaker 1: see this. So while people are so busy going, oh 666 00:35:26,800 --> 00:35:31,640 Speaker 1: my gosh, the price of cryptocurrency dipped bitcoins down twelve percent, 667 00:35:32,160 --> 00:35:36,200 Speaker 1: is mount go is gonna sell all those bitcoin really? 668 00:35:36,719 --> 00:35:38,680 Speaker 1: Like you're worried about it from a weekly basis. I 669 00:35:38,680 --> 00:35:44,960 Speaker 1: mean governments are worried about them being replaced by these assets. 670 00:35:45,239 --> 00:35:47,359 Speaker 1: That's how big they are. So if you're if you're 671 00:35:47,360 --> 00:35:48,600 Speaker 1: looking I say it all the time, if you're looking 672 00:35:48,600 --> 00:35:50,880 Speaker 1: at your portfolio on a daily or a weekly or 673 00:35:50,880 --> 00:35:54,680 Speaker 1: even a monthly basis, you're never gonna make it. We 674 00:35:54,719 --> 00:35:56,759 Speaker 1: call that m G M. I never gonna make it. 675 00:35:57,080 --> 00:36:00,160 Speaker 1: You need to zoom out. We literally have Nation we 676 00:36:00,200 --> 00:36:04,560 Speaker 1: literally have Hillary Clinton warning you that they could potentially 677 00:36:05,200 --> 00:36:10,000 Speaker 1: undermine or replace the entire financial system. And yet you're 678 00:36:10,040 --> 00:36:13,360 Speaker 1: worried about or people are worried about the price dipping 679 00:36:13,480 --> 00:36:18,680 Speaker 1: fiferent because potentially, uh, potentially the Mountainox tokens will be 680 00:36:18,719 --> 00:36:21,480 Speaker 1: dumped onto the market. So I would just say, zoom out. 681 00:36:21,520 --> 00:36:24,799 Speaker 1: I give you this information because this is a long 682 00:36:24,880 --> 00:36:27,520 Speaker 1: term play. You hold this for five years or ten years, 683 00:36:27,560 --> 00:36:30,480 Speaker 1: it's going to change your life. But if you're looking 684 00:36:30,520 --> 00:36:33,120 Speaker 1: at the news on a daily, weekly, monthly basis, and 685 00:36:33,120 --> 00:36:35,719 Speaker 1: oh my gosh, then the price dot drop fifcent, I 686 00:36:35,719 --> 00:36:38,879 Speaker 1: should probably sell right now. You're never gonna make it. 687 00:36:39,080 --> 00:36:41,080 Speaker 1: So I give you this news to show you where 688 00:36:41,120 --> 00:36:43,239 Speaker 1: things are going. So you have what we call the 689 00:36:43,320 --> 00:36:46,640 Speaker 1: strong hands, the diamond hands, that you can hang on 690 00:36:46,880 --> 00:36:50,000 Speaker 1: through any of these dips. Be like Warren Buffett. Warren 691 00:36:50,000 --> 00:36:52,680 Speaker 1: Buffett's a household name because he's one of the most 692 00:36:52,680 --> 00:36:57,000 Speaker 1: successful investors in history. He bought Coca Cola in six four, 693 00:36:57,120 --> 00:36:59,879 Speaker 1: I think, and he still owns it today. How many 694 00:37:00,080 --> 00:37:03,000 Speaker 1: dips as he had to hold through to continue to 695 00:37:03,000 --> 00:37:05,600 Speaker 1: hold that today. And that's the approach you need to 696 00:37:05,640 --> 00:37:10,719 Speaker 1: take with bitcoin and cryptocurrencies. All right, you're listening, by 697 00:37:10,719 --> 00:37:12,400 Speaker 1: the way, you're listening to the Mark Ma Show. If 698 00:37:12,400 --> 00:37:15,799 Speaker 1: you just joined me, I'm talking about bitcoin, cryptocurrencies and 699 00:37:15,840 --> 00:37:19,080 Speaker 1: the decentralized revolution each end every week, so put a 700 00:37:19,120 --> 00:37:21,360 Speaker 1: calendar make sure you're back with me this time. Thanks 701 00:37:21,360 --> 00:37:21,840 Speaker 1: for listening.