WEBVTT - The Mark Moss Show Nov 29, 2021 0:00:00.280 --> 0:00:03.519 Hello, and welcome to another episode of The Mark Moss Show, 0:00:03.600 --> 0:00:07.040 where I am talking about bitcoin and cryptocurrencies and the 0:00:07.160 --> 0:00:12.560 decentralized revolution that is happening right now. It should be, 0:00:13.440 --> 0:00:15.920 I think it will be. My goal is to make 0:00:15.960 --> 0:00:19.000 it be the most important part of your entire week. 0:00:19.280 --> 0:00:21.200 And the reason why I say that is because what 0:00:21.239 --> 0:00:25.079 we're witnessing right now is something that is literally going 0:00:25.160 --> 0:00:26.840 to change the world. I mean, it has the most 0:00:27.320 --> 0:00:31.200 It's gonna have the most profound impact across every area 0:00:31.320 --> 0:00:35.879 of your life and society, more than we even know today. 0:00:35.960 --> 0:00:39.040 And I don't say that lightly. I'm not trying to 0:00:39.640 --> 0:00:42.640 over hype it up. I really believe that UM and 0:00:42.720 --> 0:00:44.919 not just is it going to make such a big impact, 0:00:45.120 --> 0:00:50.680 but if you can embrace this technology UM and the 0:00:50.720 --> 0:00:54.720 power of its ability to protect or I should even 0:00:54.760 --> 0:00:58.160 say grow or increase your purchasing power over time, that 0:00:58.200 --> 0:01:00.760 basically means you're gonna increase your US dollars to act UM. 0:01:01.240 --> 0:01:03.600 The the the ability the power of that to happen 0:01:03.800 --> 0:01:06.040 could literally change your life. I know it's changed my life. 0:01:06.240 --> 0:01:10.000 I've been buying bitcoin since when it was about three 0:01:10.040 --> 0:01:12.640 or four hundred dollars, and today it's uh, you know, 0:01:12.640 --> 0:01:15.240 in the rags. So you're canna imagine how much has 0:01:15.280 --> 0:01:19.360 changed my life. But don't worry, it's not too late. Now. 0:01:20.319 --> 0:01:23.640 This is UM what I'm calling the biggest asymmetric play, 0:01:23.680 --> 0:01:26.360 the biggest asymmetric bet of your life. In order to 0:01:26.400 --> 0:01:28.759 take advantage of that, you have to have the asymmetric opportunity, 0:01:29.040 --> 0:01:31.959 which is what I'm bringing you each and every week. 0:01:32.040 --> 0:01:37.440 So while while I'm finishing that thought, pull your phone out, UH, 0:01:37.680 --> 0:01:40.800 put a put a reminder, put a calendar reminder for 0:01:40.880 --> 0:01:43.480 this channel, for this time, for this station to be 0:01:43.600 --> 0:01:46.240 back with me each and every week. It's going to 0:01:46.280 --> 0:01:49.280 be the most profitable, the most important, UM have the 0:01:49.280 --> 0:01:51.880 most impact, UH, this this spot, this time, each and 0:01:51.920 --> 0:01:54.160 every week. So with that, let's go ahead and jump 0:01:54.200 --> 0:01:57.160 into some content. UM what is going on this week 0:01:57.200 --> 0:01:59.920 that you need to be paying attention to UM as 0:02:00.400 --> 0:02:02.720 hopefully you're tun tune in with me each and every week. 0:02:02.960 --> 0:02:05.160 You know that I say each and every week that 0:02:05.720 --> 0:02:10.359 the prices really the least important part of bitcoin, especially 0:02:10.480 --> 0:02:15.000 right now. The prices what I call a short term distraction. However, 0:02:15.080 --> 0:02:18.120 I also call it a bait and switch. People come 0:02:18.160 --> 0:02:21.160 in for the price and then they realize the power 0:02:21.520 --> 0:02:24.280 that it has to change the world for the better. 0:02:24.400 --> 0:02:27.320 We say, fix the money, fix the world, and that's 0:02:27.320 --> 0:02:30.120 exactly what's happening. However, it's that bait and switch. People 0:02:30.120 --> 0:02:32.320 need to come in thinking they're gonna make money. And 0:02:32.360 --> 0:02:34.960 so we'll talk about that for a minute. Um. And so, 0:02:35.520 --> 0:02:38.960 if you're paying attention to bitcoin and the entire cryptocurrency space, 0:02:39.320 --> 0:02:43.000 then you probably know that it's recently been taking a 0:02:43.080 --> 0:02:47.400 tumble back in and just just two weeks ago on 0:02:47.520 --> 0:02:50.200 November ten, we hit a new all time high. We're 0:02:50.200 --> 0:02:53.480 at about sixty eight about sixty nine thousand U s. 0:02:53.560 --> 0:02:56.400 Dollars for one single bitcoin. Now, this is probably a 0:02:56.440 --> 0:03:00.160 good time for me to tell you, well, actually i'll 0:03:00.160 --> 0:03:03.120 sell you in a second. Um. So I hit about 0:03:03.120 --> 0:03:06.720 sixty nine dollars and um since that time in the 0:03:06.800 --> 0:03:10.120 last I guess thirteen days, As I said, it's fallen 0:03:10.160 --> 0:03:14.400 about sixteen percent. Now in the world of the stock market, 0:03:14.639 --> 0:03:17.480 when you're looking at the NASDAC or Tesla stock or 0:03:17.639 --> 0:03:21.400 anything like that, or you're looking at traditional assets bonds, 0:03:21.440 --> 0:03:25.079 et cetera, if they were to fall sixteen percent, that's 0:03:25.080 --> 0:03:27.720 a pretty big deal. If the stock market crash. Sixteen 0:03:27.720 --> 0:03:31.520 percent would be really bad. Um, but in the world 0:03:31.520 --> 0:03:35.160 of cryptocurrency, it's kind of normal. So it's not that 0:03:35.240 --> 0:03:37.240 big of a deal. Now, I understand if you haven't 0:03:37.240 --> 0:03:39.360 been around that long, you might be worried about it. 0:03:39.640 --> 0:03:41.120 Let me give you an example. So just if we 0:03:41.160 --> 0:03:45.440 go back to last month, about thirty days ago October one, 0:03:45.840 --> 0:03:47.800 you have October twenty one, we were at a high 0:03:47.840 --> 0:03:53.720 of sixty seven thousand, and then we dropped um twelve 0:03:53.760 --> 0:03:55.840 and a half percent over the next couple of days. 0:03:56.680 --> 0:03:57.840 So that was just a month ago. So we had 0:03:57.840 --> 0:03:59.280 a twelve and a half percent drop. Now we have 0:03:59.280 --> 0:04:01.160 a sixteen percent drop. I mean, it just it kind 0:04:01.160 --> 0:04:02.800 of happens. It goes up and down, up and down. 0:04:02.960 --> 0:04:04.560 If we go back a little bit further in time, 0:04:04.600 --> 0:04:07.800 we can go back to September seven, We had hit 0:04:07.840 --> 0:04:10.440 a local high of fifty three thousand, and then we 0:04:10.560 --> 0:04:14.520 dropped all the way down, all the way down to 0:04:14.720 --> 0:04:17.919 thirty nine thousand, before jumping all the way back up 0:04:17.960 --> 0:04:20.880 this almost seventy thousand. So, UM, don't get caught up 0:04:20.880 --> 0:04:23.680 in these little short term movements. Don't get panicked. Um. 0:04:23.760 --> 0:04:26.680 That's why I say it's kind of a distraction. Um, 0:04:26.720 --> 0:04:28.200 it just kind of moves up and down. That's what 0:04:28.200 --> 0:04:30.480 it does. If you zoom out, it looks a lot 0:04:30.480 --> 0:04:33.040 different than That's what I advise everyone to do. Now, 0:04:34.160 --> 0:04:35.880 I didn't say I was going to tell you something else. 0:04:35.880 --> 0:04:37.440 I'll tell you right now. I'm not gonna make you 0:04:37.480 --> 0:04:40.840 wait too long for it. And basically what a lot 0:04:40.880 --> 0:04:44.120 of people maybe don't know, maybe you don't know, is 0:04:44.160 --> 0:04:49.479 that you don't have to buy a whole bitcoin. You 0:04:49.520 --> 0:04:53.880 don't have to have fifty five sixty five thousand dollars 0:04:53.880 --> 0:04:57.080 to buy a whole bitcoin. You can buy a dollar's 0:04:57.360 --> 0:04:59.919 worth of bitcoin. It's kind of like a you know, 0:05:00.000 --> 0:05:02.159 you've probably seen in the movies, like those big gold bars. 0:05:02.200 --> 0:05:05.120 Those are like four hundred ounce gold bars, you know 0:05:05.240 --> 0:05:09.280 at ah you know, gold price approximately eight dollars right 0:05:09.320 --> 0:05:11.720 now for a single ounce one of those bars is 0:05:11.760 --> 0:05:14.680 about about three quarters of a million dollars. You don't 0:05:14.760 --> 0:05:17.480 have to buy a hold gold bar. You can buy 0:05:17.480 --> 0:05:19.680 an ounce of gold. You can buy you can buy 0:05:19.720 --> 0:05:22.000 a gram of gold. And so bitcoin is kind of 0:05:22.040 --> 0:05:24.560 the same way. Um, it's a big problem that a 0:05:24.560 --> 0:05:27.200 lot of new people have coming into the cryptocurrency space, 0:05:27.440 --> 0:05:30.159 and we call it unit bias, and so what happens 0:05:30.240 --> 0:05:33.960 is people go, oh, dang, bitcoins fifty thousand and sixty dollars, 0:05:34.000 --> 0:05:37.360 that's too expensive. I can't afford that. So what's this 0:05:37.720 --> 0:05:39.640 dog coin over here. I don't know what it is, 0:05:39.680 --> 0:05:43.320 but it's cheap, and since it's cheap, I should buy 0:05:43.360 --> 0:05:45.400 it because it's cheap, and one day it might be 0:05:45.440 --> 0:05:48.159 worth as much as bitcoin. And we call that unit 0:05:48.240 --> 0:05:51.640 bias um. And so people think just because something is cheaper, 0:05:51.640 --> 0:05:54.920 it's better, which is interesting because we don't typically go 0:05:55.120 --> 0:05:57.720 through the rest of the stuff in our life thinking that, 0:05:58.240 --> 0:06:00.680 but some people have that bias. And so I want 0:06:00.680 --> 0:06:02.600 to kind of explain one concept to you and then 0:06:02.600 --> 0:06:06.640 we'll get into some more stuff. But basically, as you're 0:06:06.720 --> 0:06:11.080 probably all aware, a dollar, one US dollar is divisible 0:06:11.120 --> 0:06:16.400 into one hundred cents, right a hundred cents. A bitcoin 0:06:16.480 --> 0:06:21.680 is divisible into a hundred million SATs. SATs sense kind 0:06:21.680 --> 0:06:24.440 of the same thing, just different divisibility um. And so 0:06:24.600 --> 0:06:26.040 just like you don't have to have a whole dollar, 0:06:26.080 --> 0:06:28.680 you can have one cent one penny, you don't have 0:06:28.720 --> 0:06:30.359 to have a whole bitcoin. You can have one sat 0:06:30.640 --> 0:06:33.200 or ten SATs or a thousand stats or a million 0:06:33.240 --> 0:06:38.120 STATS or whatever it may be. Um, I think roughly today, 0:06:39.360 --> 0:06:43.040 I think it's about fifteen hundred. I'm gonna look it 0:06:43.120 --> 0:06:47.240 up here while I'm talking to you. It's about fifteen 0:06:47.360 --> 0:06:51.880 hundred STATS. Roughly thirteen hundred STATS equals one U S dollars, 0:06:51.920 --> 0:06:55.440 So just kind of give you, um that that comparison. 0:06:55.480 --> 0:06:56.920 So you don't have to buy a whole bitcoin. You 0:06:56.960 --> 0:06:59.640 can buy a percentage. And when it comes to investing, 0:07:00.279 --> 0:07:03.400 it's always about the percentage of gain. So a lot 0:07:03.400 --> 0:07:07.719 of times people come into my investing groups and they're like, um, hey, 0:07:07.800 --> 0:07:10.120 I have this amount of dollars, what should I do? 0:07:10.160 --> 0:07:12.080 And it's like, it's not about the amount of dollars 0:07:12.080 --> 0:07:14.640 that you have, it's about the percentage. So I think 0:07:14.640 --> 0:07:17.120 about dividing my dollars into percentages, and I think about 0:07:17.120 --> 0:07:20.120 the percentage gains I can make on those. And so 0:07:20.400 --> 0:07:24.080 going back to bitcoin, whether you buy five dollars worth 0:07:24.080 --> 0:07:27.160 of bitcoin or five dollars worth of doge or five 0:07:27.240 --> 0:07:30.560 dollars worth of ethereum, it's it's still five dollars US 0:07:30.640 --> 0:07:35.800 dollars worth. That's your entry price. But then what's the 0:07:35.880 --> 0:07:38.520 percentage that it will go up by? Right, So that's 0:07:38.560 --> 0:07:42.080 one way you think about it. Don't be confused by 0:07:42.280 --> 0:07:44.200 unit bias. That's one of the big problems that people 0:07:44.240 --> 0:07:46.760 have is that UM when they come in, maybe they'll 0:07:46.800 --> 0:07:49.320 start with an exchange like coin base, for example, or 0:07:49.400 --> 0:07:53.200 Gemini or cracking, and they'll open up one of those 0:07:53.200 --> 0:07:56.240 exchanges and they'll look at all the different cryptocurrencies that 0:07:56.280 --> 0:07:59.480 they have on there, and of course they don't know 0:07:59.720 --> 0:08:01.560 you really, they don't know what they all are. And 0:08:01.600 --> 0:08:02.840 a lot of times what they'll do is, we'll just 0:08:02.840 --> 0:08:05.080 go buy the cheapest one because of that unit bias. 0:08:05.480 --> 0:08:07.320 And so I just want to want to caution you 0:08:07.400 --> 0:08:10.480 for that. Just because you see bitcoin is fifty or 0:08:10.480 --> 0:08:12.560 sixty dollars, you don't have to have that much. Just 0:08:12.560 --> 0:08:14.320 because you see a theoryum is it, you know, four 0:08:14.400 --> 0:08:17.840 thousand or you don't have to have that much UM. 0:08:17.880 --> 0:08:20.280 So you don't have to go buy the new meme 0:08:20.360 --> 0:08:23.360 coin because it's a penny or a fraction of a penny. UM. 0:08:23.440 --> 0:08:27.000 Don't fall into that trap. All right. Now, I do 0:08:27.080 --> 0:08:30.640 want to talk about some really big news that that 0:08:30.840 --> 0:08:34.040 is happening right now, and a lot of people say 0:08:34.080 --> 0:08:39.520 this is why bitcoin has tumbled six because of this news. 0:08:39.960 --> 0:08:43.640 Like I said, we're down about from the high now. 0:08:43.679 --> 0:08:47.680 This news has been kind of recirculating and popping back 0:08:47.760 --> 0:08:49.800 up here and there. Everybody has been waiting for it 0:08:49.840 --> 0:08:53.599 to break, and it looks like it finally has. So 0:08:53.640 --> 0:08:55.360 I'm gonna explain that to you. We'll take a look 0:08:55.400 --> 0:08:58.920 at if this is the cause um to have bitcoin drop, 0:08:59.080 --> 0:09:01.360 and if so, what should be thinking about watching and 0:09:01.400 --> 0:09:04.120 so forth. So I'm gonna talk about that. By the way, 0:09:04.160 --> 0:09:06.280 you're listening to the Mark mass Show, and of course, 0:09:06.520 --> 0:09:10.480 as I've told you, we're talking about bitcoin and cryptocurrencies 0:09:10.679 --> 0:09:14.600 and the de centralized revolution. I'm gonna break it down 0:09:14.679 --> 0:09:16.640 for you each and every week so you can have 0:09:17.120 --> 0:09:21.839 the best risk adjusted return of your entire life. You're 0:09:21.840 --> 0:09:24.120 listening to the Mark mos Show. I'm gonna be right 0:09:24.160 --> 0:09:27.720 back and explained to you what or what potentially has 0:09:27.760 --> 0:09:30.560 caused this bitcoin drop. So don't go away, all right, 0:09:30.600 --> 0:09:33.679 Welcome back, You are back with me Mark Moss. Listened 0:09:33.720 --> 0:09:37.240 to the Mark mo Show and we're talking about bitcoin. 0:09:37.400 --> 0:09:43.120 Of course, bitcoin, cryptocurrencies in the decentralized Revolution. I don't 0:09:43.120 --> 0:09:44.920 mean to laugh, it's a pretty serious thing. I'm just 0:09:44.960 --> 0:09:47.360 trying to have fun with you guys. UM, and if 0:09:47.360 --> 0:09:48.840 you tune in each week, of course you already know 0:09:48.880 --> 0:09:51.199 what I'm talking about, but it should be the most important, 0:09:51.240 --> 0:09:54.360 the most um, most important part of your week. As 0:09:54.400 --> 0:09:56.520 I break all of this down for you now, before 0:09:56.520 --> 0:09:58.840 the break, we were talking about, um, you know the 0:09:58.920 --> 0:10:02.480 recent drop in Big Points price were down about six Um. 0:10:02.480 --> 0:10:04.400 It's a distraction. And I kind of broke down to 0:10:04.440 --> 0:10:06.199 you just over the last month or two, how we've 0:10:06.240 --> 0:10:08.800 seen drops this big or bigger um, and so it 0:10:08.840 --> 0:10:11.720 just kind of happens. But some people are speculating that 0:10:11.800 --> 0:10:14.800 this new piece of news broke that has been causing 0:10:14.840 --> 0:10:18.559 this to happen. And so, um, let me tell you 0:10:19.120 --> 0:10:22.880 what this is. So um this week we saw it 0:10:22.880 --> 0:10:25.960 says the headlines says Bitcoin heads for worst weekend months 0:10:26.160 --> 0:10:30.760 as the mount Cox payout looms. What does that mean 0:10:30.800 --> 0:10:38.160 the mount Cox payout looms. Well, basically, back way way 0:10:38.200 --> 0:10:40.760 wait wait wait wait, back in the early days of bitcoin, 0:10:40.880 --> 0:10:44.880 which all the way about ten years ago. UM, there 0:10:45.120 --> 0:10:47.200 wasn't a lot of services and options, and so we 0:10:47.240 --> 0:10:49.240 didn't have coin based and cracking and Jim and I 0:10:49.520 --> 0:10:52.080 and all these options back then, and there was really 0:10:52.240 --> 0:10:56.120 one exchange that most people were using to you know, 0:10:56.160 --> 0:10:58.520 buy and sell their bitcoin, and it was called Mount 0:10:58.559 --> 0:11:02.040 Cox and Mount Cox at the time, I mean, nobody 0:11:02.080 --> 0:11:04.880 knew anything about this. It was it was such new technology. 0:11:05.160 --> 0:11:08.200 Um there it was. It was brand new technology. So 0:11:08.240 --> 0:11:11.200 there was nobody that had come from you know, working 0:11:11.280 --> 0:11:13.760 on this previously, and so you basically had people trying 0:11:13.760 --> 0:11:16.400 to kind of figure this out in real time. And 0:11:16.880 --> 0:11:20.840 the founder of this mountain gockic Mount Cox Exchange. I 0:11:20.920 --> 0:11:23.520 forget the exact story. I don't have a pulled up um, 0:11:23.520 --> 0:11:25.679 but I think he had come from like the music 0:11:25.720 --> 0:11:28.200 business or whatever. He ran some sort of like a 0:11:28.240 --> 0:11:31.160 website that like let people trade music. If I'm if 0:11:31.160 --> 0:11:34.240 I'm mistaken, forgive me. But he didn't really have a 0:11:34.280 --> 0:11:38.160 background in finance or stocks or anything like that. And 0:11:38.200 --> 0:11:40.440 so he kind of put this exchange together. And let's 0:11:40.480 --> 0:11:44.440 just say that he didn't have the best security, We'll 0:11:44.480 --> 0:11:46.800 just say that. And so all these people had their 0:11:46.800 --> 0:11:49.800 bitcoin on there. Now, at the time, bitcoin was very, 0:11:49.920 --> 0:11:52.040 very very cheap. It wasn't worth a lot of money. 0:11:52.040 --> 0:11:54.480 So at the time they had lots and lots and 0:11:54.559 --> 0:12:00.680 lots of bitcoin on there, and well with big exchange 0:12:00.720 --> 0:12:03.200 with a lot of bitcoin and very bad security. What 0:12:03.240 --> 0:12:06.840 do you think happened? Um, Basically the exchange was hacked. Um, 0:12:06.840 --> 0:12:10.000 the thing got shut down, Um, the founder disappeared. All 0:12:10.040 --> 0:12:13.840 these things happened where it left investors losing a lot 0:12:13.920 --> 0:12:16.080 of money. Now at the time, they were losing a 0:12:16.080 --> 0:12:19.760 lot of money, but in today's dollars of bitcoin, it 0:12:19.840 --> 0:12:22.240 is a lot. And so they've been going to court. 0:12:22.480 --> 0:12:24.320 It's been going on for years and years and years 0:12:24.320 --> 0:12:26.000 and years, and all these people that had money on 0:12:26.080 --> 0:12:28.720 that exchange, of course they want their bitcoin back because 0:12:28.760 --> 0:12:32.760 it's become so valuable now today and it's been going 0:12:32.760 --> 0:12:36.199 through court for a long time. And basically news broke 0:12:36.280 --> 0:12:41.920 this week that potentially these creditors are going to finally 0:12:42.000 --> 0:12:45.480 release the money um to pay off the people that 0:12:45.600 --> 0:12:48.840 had money on those exchanges. And basically what they're afraid 0:12:48.880 --> 0:12:52.560 of is that once all of this bitcoin gets released, UM, 0:12:52.600 --> 0:12:54.679 it's just gonna be dumped into the market. It's all 0:12:54.679 --> 0:12:58.440 going to be sold into the market. Now, you know, 0:12:58.640 --> 0:13:00.760 your favorite economist is going to try to make things 0:13:00.800 --> 0:13:03.480 super complicated about the way the economy works and the 0:13:03.520 --> 0:13:06.200 way the stock markets work and all these things. But 0:13:06.520 --> 0:13:07.959 let me just make it simple. For you. Have you 0:13:08.000 --> 0:13:10.880 ever heard of supply and demand. That's basically how things work, 0:13:11.080 --> 0:13:16.240 supply and demand. So when you have more demand for something, 0:13:16.280 --> 0:13:20.080 then there is supply, the price goes up obviously, And 0:13:20.120 --> 0:13:23.040 if you have more supply then there is demand, the 0:13:23.080 --> 0:13:29.120 price goes down. And so bitcoin has a consistent supply schedule, 0:13:29.280 --> 0:13:33.640 meaning um, every single day there's um new bitcoin being 0:13:33.720 --> 0:13:37.400 released into the environment, into the market, and you have 0:13:37.480 --> 0:13:41.040 about a steady appetite for that bitcoin. If all of 0:13:41.040 --> 0:13:44.600 a sudden somebody comes around and dumps a huge amount 0:13:44.720 --> 0:13:48.080 of bitcoin into the market, adds to the supply, but 0:13:48.200 --> 0:13:52.240 the um demand doesn't increase equally, then it will put 0:13:52.280 --> 0:13:56.920 downward pressure on the price. Then the price will drop down, right, 0:13:57.400 --> 0:13:59.320 And so that's what people are afraid of. People are 0:13:59.320 --> 0:14:01.920 afraid that these investors have been waiting for their money 0:14:02.160 --> 0:14:05.320 for so long, since since two tho fourteen, Um, they've 0:14:05.320 --> 0:14:08.600 been waiting for their money, and that you know, by 0:14:08.640 --> 0:14:11.360 the time they finally get it, they're just they just 0:14:11.360 --> 0:14:13.080 want their money. They want to be done with this 0:14:13.120 --> 0:14:15.280 thing and kind of and and just be over. And 0:14:15.320 --> 0:14:17.600 so that's what they're afraid of. If that happens, you know, 0:14:17.760 --> 0:14:21.240 I don't know if that's the case. Um, but kind 0:14:21.240 --> 0:14:23.880 of put this into perspective, man, I think back in 0:14:25.040 --> 0:14:27.240 I don't know exactly I don't have it pulled up 0:14:27.280 --> 0:14:29.800 exactly the month that's happened. But you know bitcoin was 0:14:29.840 --> 0:14:33.600 it about two hundred bucks, you know, and it's up 0:14:33.720 --> 0:14:38.280 at right now. So these people are potentially going to 0:14:38.320 --> 0:14:39.920 get a lot of money, and so it might make 0:14:39.960 --> 0:14:42.120 sense they might want to capture some of that profit 0:14:42.400 --> 0:14:44.120 and dump it into the market. And so that's exactly 0:14:44.160 --> 0:14:48.520 what people are afraid of. Now. Will that happen, Will 0:14:48.560 --> 0:14:51.080 that cause this, you know, to cause the market to 0:14:51.080 --> 0:14:53.680 go down? Will there be this increased selling pressure? Of course, 0:14:53.760 --> 0:14:55.880 we don't know. We don't have a crystal ball. I 0:14:55.920 --> 0:14:59.400 think what happens is people are always trying to figure 0:14:59.440 --> 0:15:01.600 out a re is and why the price is going 0:15:01.680 --> 0:15:05.680 up and down. But the reality is sometimes it just 0:15:05.680 --> 0:15:08.600 goes up and down. Nothing goes up or down in 0:15:08.640 --> 0:15:12.160 a straight line. Um, it just moves right and so um, 0:15:12.200 --> 0:15:14.400 there's traders that are coming in, they're trying to take 0:15:14.400 --> 0:15:16.760 profits at certain levels, and so the price just moves 0:15:16.840 --> 0:15:20.000 up and down. We don't have to have answer every 0:15:20.000 --> 0:15:23.160 single time the stock market drops. The gold market drops 0:15:23.240 --> 0:15:26.240 or bitcoin market drops, and so I think a lot 0:15:26.280 --> 0:15:29.160 of times people are are are reaching right there trying 0:15:29.200 --> 0:15:31.240 to come up with news. These these news sites have 0:15:31.360 --> 0:15:33.680 to come up with an article. Um, but it could 0:15:33.680 --> 0:15:36.000 it could happen, and something to be aware of. But again, 0:15:36.000 --> 0:15:37.640 that's why I keep going back to saying that the 0:15:37.680 --> 0:15:41.120 price is a short term distraction, because even if these 0:15:41.160 --> 0:15:43.800 people did receive, you know, this huge chunk of bitcoin 0:15:44.080 --> 0:15:47.680 which could potentially happen in the first quarter of next year. Um, 0:15:47.720 --> 0:15:49.520 even if that did happen, and even if they did 0:15:49.600 --> 0:15:52.160 want to sell a lot, that might put some short 0:15:52.280 --> 0:15:55.000 term downward pressure into the market, and we might see 0:15:55.000 --> 0:15:58.560 the price dip, but then as absorbed by the market, 0:15:58.720 --> 0:16:01.280 and then the market just goes back up again. It's 0:16:01.320 --> 0:16:04.640 not going to change the long term trajectory. As a 0:16:04.680 --> 0:16:06.920 matter of fact, it might be good to just get 0:16:06.960 --> 0:16:08.920 this out of the way, because I was kind of 0:16:08.920 --> 0:16:12.640 saying before this, the same article keeps resurfacing every so often, 0:16:12.800 --> 0:16:14.600 Oh it looks like they're going to release the mount 0:16:14.680 --> 0:16:17.720 Cox tokens. Everybody watch out, um, And so it seems 0:16:17.720 --> 0:16:20.160 like it just kind of keeps recycling over and over 0:16:20.160 --> 0:16:21.880 and over. So I think it'd be good just to 0:16:21.920 --> 0:16:23.840 get it out of the way. Um, get it over 0:16:23.880 --> 0:16:27.240 with now. This has nothing to do with the long 0:16:27.400 --> 0:16:30.480 term outlook of bitcoin, which we're gonna get into. I 0:16:30.480 --> 0:16:33.720 want to talk about some of the bigger news what's happening, um, 0:16:33.760 --> 0:16:35.360 and so this has nothing to do with any of that. 0:16:35.440 --> 0:16:37.880 It's just short term price. The other thing is that 0:16:38.000 --> 0:16:40.360 you know, when you look at some of these price charts, 0:16:40.400 --> 0:16:44.280 if you look at the technical analysis the candles, you 0:16:44.360 --> 0:16:47.480 see this volatility, and you're like, dang, why didn't Why 0:16:47.480 --> 0:16:49.240 didn't I just sell there? And then I should have 0:16:49.280 --> 0:16:52.200 bought back in here? Um, why didn't I do that? Well, 0:16:52.560 --> 0:16:55.640 what they say is hindsight is right. It's easy when 0:16:55.640 --> 0:16:58.600 you're looking backwards. But the reality is, um, you can't 0:16:58.600 --> 0:17:01.120 trade news like this. There's no way to know the 0:17:01.160 --> 0:17:06.840 top or the bottom until you're looking backwards. So UM, 0:17:06.880 --> 0:17:08.840 you know, it just is what it is. In my opinion, 0:17:08.920 --> 0:17:12.040 I think you just zoom out your dollar cost average 0:17:12.080 --> 0:17:15.120 and that means you buy a little bit um over time, 0:17:15.880 --> 0:17:18.960 and the market demand will continue growing higher and higher 0:17:18.960 --> 0:17:21.919 and higher. The technology will continue taking off more and 0:17:21.960 --> 0:17:24.760 more and more, and the price will just take care 0:17:24.800 --> 0:17:27.800 of itself. All right, Now, going back to what I said, 0:17:27.800 --> 0:17:30.560 this doesn't change the long term demand. There was something 0:17:30.560 --> 0:17:34.879 else that happened this week that, um, I think just 0:17:35.000 --> 0:17:38.320 shows how big of a demand this is going to have. 0:17:39.280 --> 0:17:43.200 As a matter of fact, there are some very important 0:17:43.200 --> 0:17:47.240 and powerful people who think it could have some of 0:17:47.240 --> 0:17:50.720 the most powerful consequences of the whole world. I want 0:17:50.720 --> 0:17:52.800 to explain what that is when I get back in 0:17:52.920 --> 0:17:54.600 just a second. By the way, you're listening to the 0:17:54.600 --> 0:17:57.720 Mark Moa Show, and of course if you're just tuning 0:17:57.720 --> 0:17:59.760 it in, you probably don't know what we're talking about 0:17:59.760 --> 0:18:02.440 big and we're talking about cryptocurrencies. We're talking about this 0:18:02.480 --> 0:18:07.040 decentralized revolution that's happening. History is being made while we 0:18:07.119 --> 0:18:10.040 are watching. It's pretty pretty incredible when you step back. 0:18:10.480 --> 0:18:12.919 So Mark Moss will be back with more bitcoin content 0:18:13.040 --> 0:18:15.880 in just a minute. Don't go away, all right, welcome back. 0:18:15.960 --> 0:18:18.199 You are back with me again, Mark Moss. As we 0:18:18.280 --> 0:18:21.840 talk about bitcoin each end every week, we're gonna be 0:18:21.840 --> 0:18:24.520 talking about the cryptocurrency markets. We're gonna be talking about 0:18:24.800 --> 0:18:29.159 the decentralized revolution that is taking place. We're literally witnessing 0:18:29.200 --> 0:18:32.760 it as we go through and I know, um, you know, 0:18:33.359 --> 0:18:34.640 a lot of people are busy, a lot of people 0:18:34.640 --> 0:18:36.919 aren zoom out, the're not paying attention, and a lot 0:18:37.000 --> 0:18:39.399 of this stuff that's happening today, maybe you don't notice it, 0:18:39.560 --> 0:18:42.360 or maybe just it's just gonna blow over. But I'm 0:18:42.400 --> 0:18:46.760 telling you this is going to have profound implications for 0:18:46.840 --> 0:18:50.919 the future. Now, in my opinion, great implications for the future. 0:18:51.400 --> 0:18:55.000 Some people think it could have bad implications for the future, 0:18:55.160 --> 0:18:57.280 and I guess it depends on which side of the 0:18:57.320 --> 0:19:00.480 power structure you're on. So before the break, I was 0:19:00.520 --> 0:19:05.520 talking about how somebody who's pretty powerful is worried that 0:19:05.680 --> 0:19:09.000 it could actually be bad. Um, But if they think 0:19:09.000 --> 0:19:11.280 it's bad, then I think it's good. So Um, the 0:19:11.280 --> 0:19:15.400 news story is that Hillary Clinton, good old Hillary, says 0:19:15.440 --> 0:19:22.280 that cryptocurrency has the potential to destabilize nations and traditional currencies. 0:19:23.000 --> 0:19:28.280 Cryptocurrency has the potential to destabilize nations and traditional currencies. 0:19:28.480 --> 0:19:31.720 So think about that. So before the break, I was 0:19:31.720 --> 0:19:36.760 talking about Mount Cox and how um people think that 0:19:36.920 --> 0:19:39.200 maybe the reason why the market, the price, the US 0:19:39.280 --> 0:19:42.600 dollar value of bitcoin took a dip is because this 0:19:42.640 --> 0:19:44.919 Mountain Cox is finally going to release all these bitcoin 0:19:44.960 --> 0:19:48.720 that could dump on the market. Um, that's very very 0:19:48.760 --> 0:19:51.680 short term. That's like trying to ride a bicycle and 0:19:51.720 --> 0:19:53.399 just looking at your front tire. You can't do that. 0:19:53.440 --> 0:19:56.200 You gotta look out ahead. UM. So anyone who's looking 0:19:56.240 --> 0:19:58.879 at this Mountain Cox incident and worrying about the price 0:19:59.280 --> 0:20:01.600 is basically staring at the front tire. Look at the 0:20:01.680 --> 0:20:06.720 long game. Here you have Hillary Clinton, who is you know, 0:20:07.040 --> 0:20:10.280 pretty influential in the world, pretty connected obviously, which is 0:20:10.320 --> 0:20:14.160 why the news news news headlines feature her, and she's 0:20:14.160 --> 0:20:18.879 saying that it has the potential to destabilize nations and 0:20:18.960 --> 0:20:22.720 traditional currencies. It's going to be that big um. She 0:20:22.960 --> 0:20:28.160 warned of the rise of new crypto technologies and what 0:20:28.200 --> 0:20:30.640 that could mean. I mean, she's obviously not a fan 0:20:31.119 --> 0:20:33.840 um and she thinks it could undermine these Now she's 0:20:33.840 --> 0:20:37.359 not alone. We've also heard from Janet Yellen, who's at 0:20:37.359 --> 0:20:41.280 the U. S. Treasury saying the same thing. We have UM, 0:20:42.119 --> 0:20:45.560 people like from the ECB, the European Central Bank, from 0:20:45.600 --> 0:20:48.800 the i m F, like Christine Legarde. She says that 0:20:49.359 --> 0:20:54.360 she said that innovation is a threat to our financial stability, 0:20:54.600 --> 0:20:56.920 basically the same thing as Hillary saying. But what they're 0:20:56.960 --> 0:21:00.840 really saying is that it's a threat to their monopoly 0:21:01.320 --> 0:21:05.280 on the financial system. Um. You might have heard of 0:21:05.320 --> 0:21:09.400 the Rothchild family before. UM, if you've been involved in finance, 0:21:09.920 --> 0:21:12.200