1 00:00:00,200 --> 00:00:02,480 Speaker 1: Hey, welcome back. You're still listening to the Mark Moa 2 00:00:02,640 --> 00:00:05,399 Speaker 1: show where I talk about bitcoin, I talk about cryptocurrencies, 3 00:00:05,400 --> 00:00:09,600 Speaker 1: and I talked about the decentralized revolution, and of course 4 00:00:09,760 --> 00:00:13,760 Speaker 1: each and every week, I'm bringing to you the asymmetric information, 5 00:00:13,840 --> 00:00:16,880 Speaker 1: the information most people don't know, don't have, so you 6 00:00:16,920 --> 00:00:18,800 Speaker 1: can have an edge of the market, so you can 7 00:00:18,920 --> 00:00:22,840 Speaker 1: have the asymmetric upside of having that information. Now, we've 8 00:00:22,880 --> 00:00:24,720 Speaker 1: been going over a lot of stuff so far today. 9 00:00:24,720 --> 00:00:27,040 Speaker 1: If you're just tuning in, don't miss next week. Pull 10 00:00:27,040 --> 00:00:29,080 Speaker 1: out your phone right now, set of calendar appointment for 11 00:00:29,200 --> 00:00:31,080 Speaker 1: this time on this channel. I'm gonna be with you 12 00:00:31,080 --> 00:00:32,760 Speaker 1: each and every week. But we've been talking about the 13 00:00:33,080 --> 00:00:35,479 Speaker 1: debt ceiling, the FED printing a lot of money, um 14 00:00:35,520 --> 00:00:38,159 Speaker 1: the catalyst that drive the price of bitcoin up. We 15 00:00:38,200 --> 00:00:40,000 Speaker 1: talked about how it's back to the level it wasn't 16 00:00:40,360 --> 00:00:42,800 Speaker 1: it's been about five months since it's been there, and 17 00:00:42,840 --> 00:00:45,599 Speaker 1: really understanding that there's two factors that drive that. One 18 00:00:45,680 --> 00:00:48,520 Speaker 1: network effects the amount of people coming in, but also 19 00:00:48,520 --> 00:00:50,840 Speaker 1: the development that's going on. And so we talked about 20 00:00:51,400 --> 00:00:54,640 Speaker 1: Bank of America coming on, bringing on more customers, more development, 21 00:00:54,680 --> 00:00:58,480 Speaker 1: et cetera. But I have brought a good friend, an 22 00:00:58,520 --> 00:01:00,760 Speaker 1: old friend into the studio with me. Right now. I 23 00:01:00,800 --> 00:01:05,080 Speaker 1: got Windy. Oh, she's known as crypto Windy Oh on Twitter. 24 00:01:05,120 --> 00:01:08,839 Speaker 1: Give her a follow, look her up, um, just crypto Windy. Oh. 25 00:01:08,920 --> 00:01:11,920 Speaker 1: And anyway, Wendy, thanks for joining me. Mark, thanks so 26 00:01:12,000 --> 00:01:14,279 Speaker 1: much for having me. I. You know, we've been friends 27 00:01:14,319 --> 00:01:17,440 Speaker 1: for quite some time, and it's just so cool to 28 00:01:17,640 --> 00:01:19,759 Speaker 1: come up with people that you love and come up 29 00:01:19,800 --> 00:01:23,080 Speaker 1: with like awesome people to surround yourself with. It's like 30 00:01:23,480 --> 00:01:25,319 Speaker 1: it's a great thing because if I never need anything, 31 00:01:25,360 --> 00:01:27,320 Speaker 1: I can call you on the phone. Hay Mark, Hay Mark, 32 00:01:27,720 --> 00:01:28,800 Speaker 1: can you help me with this? What do I do 33 00:01:28,800 --> 00:01:30,480 Speaker 1: with this? And You're like, hey, calm down, it's okay, 34 00:01:30,480 --> 00:01:34,000 Speaker 1: we can do so just thanks for being you. Yeah, 35 00:01:34,000 --> 00:01:36,559 Speaker 1: that's that's awesome. You know, we've both been working hard 36 00:01:36,600 --> 00:01:39,319 Speaker 1: over over a long number of years now and uh, 37 00:01:39,560 --> 00:01:41,560 Speaker 1: just for everybody listening, she just got done doing a 38 00:01:41,600 --> 00:01:44,480 Speaker 1: segment on Fox News, and uh, I was lucky to 39 00:01:44,520 --> 00:01:46,600 Speaker 1: snag her right after she was done on Fox News. 40 00:01:46,600 --> 00:01:48,880 Speaker 1: So so she's doing out big things as well. What 41 00:01:48,920 --> 00:01:52,480 Speaker 1: were you guys talking about on Fox News? Well, we 42 00:01:52,560 --> 00:01:55,280 Speaker 1: talked a little bit about our good friend Bitcoin's good 43 00:01:55,280 --> 00:01:58,840 Speaker 1: friend Peter Schiff, because Peter Schiff is apparently mining gold 44 00:01:58,880 --> 00:02:01,600 Speaker 1: at Nottsberry Farm and southern California, And I know you 45 00:02:01,640 --> 00:02:04,680 Speaker 1: guys can get that joke with a little a little 46 00:02:04,720 --> 00:02:06,760 Speaker 1: thing over there. So we talked a little bit about 47 00:02:06,760 --> 00:02:10,680 Speaker 1: Peter Schiff and then um, we also talked about, you know, 48 00:02:10,919 --> 00:02:13,399 Speaker 1: how to how to kind of spot some crypto gems 49 00:02:13,400 --> 00:02:16,680 Speaker 1: and whatnot. Yeah, yeah, Peter Schiff is a is a 50 00:02:16,720 --> 00:02:20,400 Speaker 1: funny story. You know, it's uh, it's it's funny. It's 51 00:02:20,480 --> 00:02:24,200 Speaker 1: maybe a little bit sad. Um. You know, when I 52 00:02:24,280 --> 00:02:25,919 Speaker 1: kind of I made a lot of money and in 53 00:02:25,960 --> 00:02:27,519 Speaker 1: two thousand and eight I got wiped out. Um, I 54 00:02:27,600 --> 00:02:29,120 Speaker 1: knew how to make money, but I didn't understand this 55 00:02:29,160 --> 00:02:31,760 Speaker 1: financial system. And so when I started learning, like Peter 56 00:02:31,840 --> 00:02:34,960 Speaker 1: Schiff was like very instrumental in helping me figure out 57 00:02:35,040 --> 00:02:37,680 Speaker 1: why we need to sound money. Him and Mike Maloney 58 00:02:37,720 --> 00:02:39,840 Speaker 1: were both both a piece of that. And and from 59 00:02:39,960 --> 00:02:42,520 Speaker 1: like an Austrian um economist side, like he gets it. 60 00:02:42,560 --> 00:02:44,919 Speaker 1: He understands the problems of the financial system, but he 61 00:02:45,160 --> 00:02:48,480 Speaker 1: just won't give up on gold, I guess for whatever reason, 62 00:02:48,520 --> 00:02:51,120 Speaker 1: and it's not working well. I think I think what 63 00:02:51,240 --> 00:02:54,040 Speaker 1: it is is Peter is a very smart man, and 64 00:02:54,080 --> 00:02:56,600 Speaker 1: a lot of people on social media they're marketers. That's 65 00:02:56,720 --> 00:02:59,920 Speaker 1: that's that's the name of the game. And Peter has 66 00:03:00,080 --> 00:03:04,160 Speaker 1: is found that by being an enemy of bitcoin, it 67 00:03:04,280 --> 00:03:07,480 Speaker 1: is bringing him attention, it is bringing clout, it is 68 00:03:07,520 --> 00:03:11,040 Speaker 1: bringing clicks, it's bringing revenue in. So why wouldn't you 69 00:03:11,080 --> 00:03:16,520 Speaker 1: want to start a a internet beef with with with bitcoin? Well, 70 00:03:16,560 --> 00:03:18,760 Speaker 1: I think that's I think you're right on the mark 71 00:03:18,800 --> 00:03:20,800 Speaker 1: with that, and and there's a number of people that 72 00:03:20,840 --> 00:03:22,919 Speaker 1: are trying to do the same thing that Hanky's kind 73 00:03:22,919 --> 00:03:25,120 Speaker 1: of doing the same thing as well. But what's interesting 74 00:03:25,120 --> 00:03:27,399 Speaker 1: with Schiff is, I mean he runs a gold company, 75 00:03:27,480 --> 00:03:29,880 Speaker 1: and so you know gold was money for five thousand years. 76 00:03:29,880 --> 00:03:33,200 Speaker 1: Now the money follow the money, right. But but what's 77 00:03:33,200 --> 00:03:35,560 Speaker 1: interesting about that is, as I'm just thinking through it 78 00:03:35,640 --> 00:03:37,360 Speaker 1: is gold, gold is money for five thousand years. Now 79 00:03:37,400 --> 00:03:39,480 Speaker 1: Bitcoin is kind of becoming the store value. So he's 80 00:03:39,520 --> 00:03:43,680 Speaker 1: he sees that kind of attack on his gold for example. Um, 81 00:03:43,720 --> 00:03:46,840 Speaker 1: but if he kept the attack on what the Feds doing, 82 00:03:47,360 --> 00:03:49,720 Speaker 1: then it keeps it could still kind of make gold 83 00:03:49,760 --> 00:03:53,120 Speaker 1: look good. But when he keeps making gold compared to bitcoin, 84 00:03:53,240 --> 00:03:56,600 Speaker 1: all it does is make it worse. Right, Well, this 85 00:03:56,680 --> 00:04:00,440 Speaker 1: is the thing. He has a personal interest in gold 86 00:04:00,520 --> 00:04:03,240 Speaker 1: for multiple reasons. He's invested, he's got the company, he's 87 00:04:03,240 --> 00:04:05,360 Speaker 1: got the courses, he's got all these things. And he 88 00:04:05,440 --> 00:04:09,360 Speaker 1: also sees all of the interaction on Twitter, on social media, 89 00:04:09,400 --> 00:04:13,240 Speaker 1: all the backlash because, let's face it, bitcoin maximalist, I 90 00:04:13,280 --> 00:04:16,159 Speaker 1: respect their right to be so passionate about something, but 91 00:04:16,240 --> 00:04:18,400 Speaker 1: some of them can be a little bit toxic, and 92 00:04:18,520 --> 00:04:21,360 Speaker 1: he knows how to poke, to push their buttons and 93 00:04:21,520 --> 00:04:24,680 Speaker 1: rile them up. That's why he's doing it. And at 94 00:04:24,680 --> 00:04:28,440 Speaker 1: the end of the day, people humans, they have personal 95 00:04:28,480 --> 00:04:31,440 Speaker 1: areas of interest, and his personal area of interest is 96 00:04:31,520 --> 00:04:35,200 Speaker 1: himself and his company and his money. Therefore, he's doing 97 00:04:35,240 --> 00:04:38,080 Speaker 1: all of this fighting back and forth with the maximalist 98 00:04:38,080 --> 00:04:40,840 Speaker 1: because it gets traction, is getting interaction, and it's worked 99 00:04:40,839 --> 00:04:43,800 Speaker 1: out very well for him. So why why side with 100 00:04:43,800 --> 00:04:47,880 Speaker 1: the bitcoin maximalist when he can simply continue to build 101 00:04:47,960 --> 00:04:52,000 Speaker 1: his wealth and his brand on the hostility. Yeah, and 102 00:04:52,000 --> 00:04:55,040 Speaker 1: and and and your right on that. And that's unfortunately, 103 00:04:56,240 --> 00:04:59,600 Speaker 1: it's unfortunately that's the way that engagement really gets going today, right, 104 00:04:59,680 --> 00:05:02,560 Speaker 1: is inciting that kind of anger, and really that us 105 00:05:02,680 --> 00:05:05,159 Speaker 1: versus them mentality. And so if they can put bitcoin 106 00:05:05,200 --> 00:05:07,240 Speaker 1: against gold, now I would like for bitcoin and gold 107 00:05:07,240 --> 00:05:11,479 Speaker 1: people to both rally against the government. That would seem better, um, 108 00:05:11,520 --> 00:05:13,800 Speaker 1: but it would also make gold look better because he 109 00:05:13,800 --> 00:05:15,479 Speaker 1: could at least kind of argue that it's held as 110 00:05:15,520 --> 00:05:18,960 Speaker 1: purchasing power. But again, comparing it to gold hasn't been 111 00:05:18,960 --> 00:05:20,960 Speaker 1: Have you seen some of the stuff his son has 112 00:05:20,960 --> 00:05:24,320 Speaker 1: been tweeting out? You know what, again, it's a very 113 00:05:24,600 --> 00:05:27,159 Speaker 1: it's it's a marketing tactic. What they're doing is a 114 00:05:27,200 --> 00:05:30,039 Speaker 1: marketing tactic. So that's why one of the I'm going 115 00:05:30,080 --> 00:05:32,240 Speaker 1: to drop a piece of alpha for the audience. The 116 00:05:32,279 --> 00:05:35,320 Speaker 1: biggest piece of alpha I could drop for you is 117 00:05:35,920 --> 00:05:39,159 Speaker 1: follow the money and don't necessarily believe everything you see 118 00:05:39,200 --> 00:05:42,560 Speaker 1: on the internet. Listen to different people, listen to what 119 00:05:42,640 --> 00:05:46,920 Speaker 1: they're saying, but make your own assumptions because a lot 120 00:05:46,920 --> 00:05:49,880 Speaker 1: of theatrics go on. Back in the day, we used 121 00:05:49,880 --> 00:05:53,800 Speaker 1: to go watch plays and we used to see people perform. 122 00:05:53,960 --> 00:05:56,480 Speaker 1: Then we went to the movies. There's different areas of entertainment, 123 00:05:56,480 --> 00:05:59,600 Speaker 1: but now all of the entertainment we see has all 124 00:05:59,640 --> 00:06:03,880 Speaker 1: done on line. Twitter is a stage. Yeah, and so 125 00:06:03,960 --> 00:06:06,760 Speaker 1: you know it's interesting before the Internet, it was the 126 00:06:06,800 --> 00:06:10,000 Speaker 1: problem was getting the information. Today is we have too 127 00:06:10,040 --> 00:06:12,520 Speaker 1: much information, so now it's like trying to discern the information. 128 00:06:12,600 --> 00:06:16,760 Speaker 1: So um, the problem has changed. But yeah, it's it's 129 00:06:16,800 --> 00:06:19,040 Speaker 1: a it's a different skill set unfortunately that most people need. 130 00:06:19,839 --> 00:06:21,600 Speaker 1: I agree. I agree, And it's it's kind of hard 131 00:06:21,640 --> 00:06:24,240 Speaker 1: to filter out information like what is real, what isn't real, 132 00:06:24,520 --> 00:06:26,760 Speaker 1: and then finding that in the middle and the media 133 00:06:26,800 --> 00:06:28,440 Speaker 1: and people like Peter schi if they know how to 134 00:06:28,480 --> 00:06:31,279 Speaker 1: play on our emotions, they know how to play on 135 00:06:31,520 --> 00:06:33,680 Speaker 1: things that are near and dear to our hearts, and 136 00:06:33,720 --> 00:06:36,000 Speaker 1: that's what he does with the Maximalists. And you know, 137 00:06:36,040 --> 00:06:38,039 Speaker 1: it's kind of comical times, like I just sit back 138 00:06:38,040 --> 00:06:40,240 Speaker 1: and I'm like, you know what, I see what you're doing. 139 00:06:40,279 --> 00:06:42,240 Speaker 1: I see you over there, and I just don't even 140 00:06:42,240 --> 00:06:45,080 Speaker 1: comment anymore. And it's just it's just it's just all 141 00:06:45,240 --> 00:06:48,400 Speaker 1: it's all for the lulls. So um. You know we've 142 00:06:48,400 --> 00:06:51,320 Speaker 1: been talking about, like I said, I was talking about 143 00:06:51,320 --> 00:06:54,080 Speaker 1: the the debt ceiling, I'm talking about how the more 144 00:06:54,120 --> 00:06:56,320 Speaker 1: money they print, the more you know, the less the 145 00:06:56,320 --> 00:06:59,080 Speaker 1: purchasing power goes down, which is these are factors, which 146 00:06:59,120 --> 00:07:01,320 Speaker 1: is why, um, what you store your wealth and matters 147 00:07:01,360 --> 00:07:04,640 Speaker 1: and why bitcoin goes up. I've talked about the the adoption, 148 00:07:04,760 --> 00:07:06,240 Speaker 1: you know, like I like I kind of wrapped it 149 00:07:06,320 --> 00:07:09,360 Speaker 1: up for you with US Bank bringing on custody. We 150 00:07:09,440 --> 00:07:11,600 Speaker 1: talked about there's potentially an e t F that they 151 00:07:11,600 --> 00:07:14,720 Speaker 1: say has a seventy chance of coming on online. I 152 00:07:14,720 --> 00:07:17,440 Speaker 1: think they're e gauging that through the betting markets kind 153 00:07:17,440 --> 00:07:19,840 Speaker 1: of scene where that's going. And so really in these 154 00:07:19,840 --> 00:07:23,800 Speaker 1: new technologies, it's about seeing the network effects grow. So 155 00:07:23,840 --> 00:07:26,640 Speaker 1: that's the users and then also development and so these 156 00:07:26,680 --> 00:07:29,280 Speaker 1: new features and stuff like that, and and that that's 157 00:07:29,280 --> 00:07:31,240 Speaker 1: the stuff that I like to look at. I was 158 00:07:31,480 --> 00:07:34,560 Speaker 1: saying that I think some of this short term this 159 00:07:34,680 --> 00:07:37,320 Speaker 1: price is a is a distraction a little bit. And 160 00:07:37,360 --> 00:07:39,640 Speaker 1: I say that for me personally, and I want to 161 00:07:39,760 --> 00:07:41,720 Speaker 1: I want to bring you onto counter this for people 162 00:07:41,720 --> 00:07:44,760 Speaker 1: that are listening, because, um, you know, for me, I mean, 163 00:07:44,800 --> 00:07:47,239 Speaker 1: I'm busy, I'm working, I gotta I got a business, 164 00:07:47,240 --> 00:07:49,360 Speaker 1: I got a family, and so I'm kind of like 165 00:07:49,400 --> 00:07:51,600 Speaker 1: this long term investor. I always kind of have been. 166 00:07:52,440 --> 00:07:55,720 Speaker 1: And so I think in things in terms of years. Typically, 167 00:07:55,720 --> 00:07:58,080 Speaker 1: I mean I got my teeth cut in real estate 168 00:07:58,240 --> 00:08:00,280 Speaker 1: development and those were two or three year product X, 169 00:08:00,440 --> 00:08:02,320 Speaker 1: So like that's kind of time frames I look at. 170 00:08:02,520 --> 00:08:05,320 Speaker 1: So the short term price I it's too much distraction 171 00:08:05,360 --> 00:08:08,120 Speaker 1: for me, but I know that you keep up with that, 172 00:08:08,200 --> 00:08:10,240 Speaker 1: and so I'd like to talk about that a little bit, 173 00:08:10,640 --> 00:08:13,040 Speaker 1: um and and you can fill us in a little 174 00:08:13,040 --> 00:08:14,640 Speaker 1: bit on that short term price action because I know 175 00:08:14,720 --> 00:08:17,120 Speaker 1: that you're an expert in that. UM and so we 176 00:08:17,120 --> 00:08:20,120 Speaker 1: were talking about how, you know, bitcoin just popped up 177 00:08:20,160 --> 00:08:22,200 Speaker 1: to fifty five thousand, which I think it's been about 178 00:08:22,240 --> 00:08:26,160 Speaker 1: five months since it's been there. UM, before you tell 179 00:08:26,240 --> 00:08:29,840 Speaker 1: us where you think it is, what's going to happen next, 180 00:08:30,240 --> 00:08:32,600 Speaker 1: because I know you've got the crystal ball. Before you 181 00:08:32,640 --> 00:08:36,040 Speaker 1: tell us that, I wanna pause for one second. When 182 00:08:36,040 --> 00:08:37,960 Speaker 1: we get back, I want you to then explain to 183 00:08:38,000 --> 00:08:39,480 Speaker 1: us where you think it's going to go, because I 184 00:08:39,480 --> 00:08:40,920 Speaker 1: know you have a good edge with that, and so 185 00:08:41,160 --> 00:08:43,800 Speaker 1: people want to stay up with that real quick. If 186 00:08:43,840 --> 00:08:45,800 Speaker 1: you're listening in you're listening to the Mark Mo Show, 187 00:08:46,040 --> 00:08:49,160 Speaker 1: I'm talking about bitcoin, I'm talking about cryptocurrencies. I'm talking 188 00:08:49,160 --> 00:08:52,240 Speaker 1: about the digital revolution to decentralized revolution. I'm on with 189 00:08:52,280 --> 00:08:55,720 Speaker 1: my good friend crypto Windy. Oh. If you're on Twitter, 190 00:08:55,760 --> 00:08:58,360 Speaker 1: giver a follow, follow me one Mark Moss, send us 191 00:08:58,360 --> 00:09:01,040 Speaker 1: both a tweet, ask us a question and we'll answer 192 00:09:01,080 --> 00:09:03,959 Speaker 1: it for the show for next week. UM, So follow 193 00:09:04,000 --> 00:09:06,640 Speaker 1: us on those places, and like I said, get out 194 00:09:06,679 --> 00:09:09,360 Speaker 1: your phone right now, put out a calendar reminder and 195 00:09:09,440 --> 00:09:11,760 Speaker 1: set this time and the station that you're on, so 196 00:09:11,800 --> 00:09:14,680 Speaker 1: you can tune with me each and every week and 197 00:09:14,720 --> 00:09:16,840 Speaker 1: we'll be right back with crypto Windio to find out 198 00:09:16,880 --> 00:09:19,360 Speaker 1: what is going to happen with the bitcoin price action 199 00:09:19,400 --> 00:09:21,760 Speaker 1: when we come back. All right, welcome back. You're listening 200 00:09:21,800 --> 00:09:23,880 Speaker 1: to the Mark Mos Show. We're talking about bitcoin, We're 201 00:09:23,880 --> 00:09:27,319 Speaker 1: talking about cryptocurrencies. We are talking about the decentralized revolution, 202 00:09:28,080 --> 00:09:30,600 Speaker 1: and I've been talking about uh for the for this 203 00:09:30,640 --> 00:09:34,559 Speaker 1: whole show. Now I'm talking about these big fundamental factors 204 00:09:34,559 --> 00:09:37,360 Speaker 1: why it's pushing bitcoin up. But I'm here with my 205 00:09:37,400 --> 00:09:40,080 Speaker 1: good friend crypto Windy Oh. Find her on Twitter at 206 00:09:40,120 --> 00:09:43,360 Speaker 1: crypto Windy Oh. Give her a follow, um, and she 207 00:09:43,800 --> 00:09:45,560 Speaker 1: is kind of an expert on looking at this price 208 00:09:45,600 --> 00:09:48,800 Speaker 1: action on shorter time frames, and so Crypto Windyo with Windy, 209 00:09:49,400 --> 00:09:52,640 Speaker 1: we're we're back up above around. We haven't been there 210 00:09:52,679 --> 00:09:55,040 Speaker 1: for I don't know five months. I think at this point, Um, 211 00:09:55,120 --> 00:09:57,280 Speaker 1: what are you seeing in the price action? I guess 212 00:09:57,280 --> 00:10:01,360 Speaker 1: at this point. So this is the thing they're like, 213 00:10:01,559 --> 00:10:04,680 Speaker 1: people get so excited and they get so fixated on price, 214 00:10:04,760 --> 00:10:06,640 Speaker 1: and I get it. But if you're not like somebody 215 00:10:06,679 --> 00:10:08,680 Speaker 1: like yourself, that's like in this for the long haul, 216 00:10:08,800 --> 00:10:11,720 Speaker 1: long term investor, you don't have to be so concerned 217 00:10:11,760 --> 00:10:14,199 Speaker 1: on the price. Like if if you believe in something 218 00:10:14,520 --> 00:10:17,079 Speaker 1: dollar cost average weekly or dollar cost average or whatever. 219 00:10:17,360 --> 00:10:20,000 Speaker 1: A lot of people tend to forget that when you 220 00:10:20,000 --> 00:10:22,320 Speaker 1: work like a traditional line to five. I don't anymore. 221 00:10:22,679 --> 00:10:24,680 Speaker 1: But when you work at nine five, you pull money out, 222 00:10:25,360 --> 00:10:27,560 Speaker 1: you have your company or whoever it is, automatically put 223 00:10:27,559 --> 00:10:29,160 Speaker 1: it into a four oh one K or I ra 224 00:10:29,200 --> 00:10:32,520 Speaker 1: A or whatever traditional financial product there is. And that's 225 00:10:32,600 --> 00:10:35,040 Speaker 1: essentially dollar cost average, and you're letting somebody else manage 226 00:10:35,040 --> 00:10:36,959 Speaker 1: your money. But with bitcoin, we get to do ourselves, 227 00:10:37,160 --> 00:10:41,640 Speaker 1: so people tend to and when your dollar cost averaging you, 228 00:10:42,040 --> 00:10:44,079 Speaker 1: it takes the emotions out. It takes the emotions out 229 00:10:44,080 --> 00:10:46,360 Speaker 1: because you're just dumping money in and you're looking way. 230 00:10:46,640 --> 00:10:50,040 Speaker 1: But as far as with bitcoin today, yes we are 231 00:10:50,200 --> 00:10:52,800 Speaker 1: close to that area. We did have a bit of 232 00:10:52,800 --> 00:10:55,200 Speaker 1: a pullback which we discussed on my YouTube show because 233 00:10:55,200 --> 00:10:58,400 Speaker 1: I do daily technical analysis Sunday night live streams. But 234 00:10:58,679 --> 00:11:01,320 Speaker 1: we're seeing a lot of people get very excited about 235 00:11:01,360 --> 00:11:03,200 Speaker 1: like this price. It's like, oh my god, Oh my god. 236 00:11:03,360 --> 00:11:05,720 Speaker 1: And you can also see, like on the Twitter feed, 237 00:11:06,000 --> 00:11:08,640 Speaker 1: you can see you can tell when bitcoin is green 238 00:11:08,679 --> 00:11:11,000 Speaker 1: because everybody's happy. And then when bitcoin is read and 239 00:11:11,040 --> 00:11:12,960 Speaker 1: we get a red candle, it's like it's the end 240 00:11:13,000 --> 00:11:17,080 Speaker 1: of the world. So me personally, like, unless I'm going 241 00:11:17,160 --> 00:11:19,480 Speaker 1: to get into a scalp or a longer term swing 242 00:11:19,520 --> 00:11:22,400 Speaker 1: trade or whatnot, I'm i focus on price because it 243 00:11:22,400 --> 00:11:24,400 Speaker 1: determines what I'm gonna do with my all coin investments. 244 00:11:24,400 --> 00:11:25,920 Speaker 1: But at the same time, it's not something that's going 245 00:11:25,960 --> 00:11:27,760 Speaker 1: to drive me crazy. And I know we're seeing a 246 00:11:27,800 --> 00:11:29,640 Speaker 1: lot of crazy predictions. We have people. I want to 247 00:11:29,679 --> 00:11:31,280 Speaker 1: say it was Bobby Lee. He came out and said 248 00:11:31,280 --> 00:11:35,640 Speaker 1: two thousand dollar bitcoin en stuff like that's ridiculous. It's 249 00:11:35,640 --> 00:11:38,520 Speaker 1: absolutely ridiculous because the amount of capital that would need 250 00:11:38,559 --> 00:11:42,400 Speaker 1: to flow into bitcoin would need to be pretty significant. Yes, 251 00:11:42,440 --> 00:11:44,760 Speaker 1: you can track that with John chain analytics and with 252 00:11:44,800 --> 00:11:49,040 Speaker 1: wallet addresses, etcetera. But realistically, people are going to invest 253 00:11:49,120 --> 00:11:50,920 Speaker 1: and they're going to trade when they want to trade. 254 00:11:51,160 --> 00:11:54,040 Speaker 1: So as far as like this, this notion about being 255 00:11:54,040 --> 00:11:56,120 Speaker 1: obsessed with price, you don't do that with your four 256 00:11:56,120 --> 00:11:58,560 Speaker 1: oh one K. I doubt many of you. Like how 257 00:11:58,600 --> 00:12:01,000 Speaker 1: many times Mark, have you ever had a four O 258 00:12:01,040 --> 00:12:04,400 Speaker 1: one K? I do, yeah, and I never check it 259 00:12:04,400 --> 00:12:06,760 Speaker 1: and never look at it. Okay, see you don't check in, 260 00:12:06,760 --> 00:12:09,040 Speaker 1: And I can guarantee a lot of the audience resonates 261 00:12:09,040 --> 00:12:10,520 Speaker 1: with that you have four O one K. Only time 262 00:12:10,559 --> 00:12:12,439 Speaker 1: you check it is when you get those scoofy silly 263 00:12:12,480 --> 00:12:16,680 Speaker 1: print outs from your job. Whatever. I never did. I 264 00:12:16,720 --> 00:12:18,319 Speaker 1: was like, I'm throwing this out. I would throw them out. 265 00:12:18,480 --> 00:12:21,160 Speaker 1: So as far as Bitcoin, I'm very optimistic for quarter four. 266 00:12:21,160 --> 00:12:24,319 Speaker 1: I'm opten, very very optimist supercore four, but one of 267 00:12:24,400 --> 00:12:26,600 Speaker 1: the things I want to drop, and then the panic's 268 00:12:26,600 --> 00:12:30,520 Speaker 1: another piece of alpha. This bull run is different than 269 00:12:30,600 --> 00:12:32,160 Speaker 1: the other bull runs, and this is gonna be a 270 00:12:32,200 --> 00:12:34,920 Speaker 1: little bit of fundamental aspects coming in. We have n 271 00:12:35,000 --> 00:12:37,320 Speaker 1: f T s that are fully functioning, we have defy 272 00:12:37,400 --> 00:12:41,240 Speaker 1: ecosystems that are fully functioning, and we have crypto projects 273 00:12:41,280 --> 00:12:46,040 Speaker 1: that have actually created viable ecosystems that are functioning. We 274 00:12:46,120 --> 00:12:48,800 Speaker 1: didn't have that, and I'm noticing that money is fulling 275 00:12:48,840 --> 00:12:51,480 Speaker 1: from n f t s to defy two all coins 276 00:12:51,520 --> 00:12:54,079 Speaker 1: tow Bitcoin, rinse and repeat, and I feel like that 277 00:12:54,320 --> 00:12:58,599 Speaker 1: is essentially helping to keep Bitcoin propped up, which is outstanding. 278 00:12:58,640 --> 00:13:02,080 Speaker 1: It's a beautiful eCos system. But as far as price action, 279 00:13:02,679 --> 00:13:04,719 Speaker 1: I you know, even if we were to drop down 280 00:13:04,800 --> 00:13:07,120 Speaker 1: to thirty dollars again, which I doubt that's going to 281 00:13:07,200 --> 00:13:09,840 Speaker 1: happen this quarter, but if we do, I'm still bullish 282 00:13:09,880 --> 00:13:12,040 Speaker 1: and we're still in a bull run. I still think 283 00:13:12,080 --> 00:13:13,679 Speaker 1: that we are still in a bull run, and I 284 00:13:13,840 --> 00:13:16,000 Speaker 1: do think that we are going to see eight five 285 00:13:16,080 --> 00:13:19,320 Speaker 1: to about a hundred thousand dollar bitcoin. Wow, I've been 286 00:13:19,400 --> 00:13:21,719 Speaker 1: I've been saying that. You know, I try to I 287 00:13:21,800 --> 00:13:24,720 Speaker 1: try to remain conservative, um kind of to your point 288 00:13:24,760 --> 00:13:28,079 Speaker 1: about Twitter, kind of almost schizophrenic based off of where 289 00:13:28,120 --> 00:13:31,599 Speaker 1: the price is. Because the price is so volatile, and 290 00:13:31,640 --> 00:13:33,800 Speaker 1: I've been doing this for so many years. I try 291 00:13:33,960 --> 00:13:36,080 Speaker 1: to really limit myself. I don't want to get too 292 00:13:36,160 --> 00:13:38,040 Speaker 1: excited when the price goes up, because then I don't 293 00:13:38,040 --> 00:13:40,559 Speaker 1: want to get too depressed if it goes back the 294 00:13:40,679 --> 00:13:43,920 Speaker 1: other way. So I just try to be like, you know, uh, 295 00:13:44,120 --> 00:13:46,240 Speaker 1: if I if I set my long term time frames 296 00:13:46,280 --> 00:13:47,959 Speaker 1: and that doesn't really matter what happens in the short term. 297 00:13:48,000 --> 00:13:49,959 Speaker 1: But yeah, I've been saying I think about a hundred 298 00:13:49,960 --> 00:13:52,200 Speaker 1: thousand by the end of the year. Um. But of course, 299 00:13:52,600 --> 00:13:55,959 Speaker 1: I mean it's anybody's guess. Um. One thing I hear 300 00:13:56,000 --> 00:13:57,360 Speaker 1: from a lot of people, and I'd like to get 301 00:13:57,400 --> 00:13:59,440 Speaker 1: your opinion on this. UM. One thing I hear from 302 00:13:59,480 --> 00:14:01,920 Speaker 1: a lot of people is they say, UM, you know, 303 00:14:02,520 --> 00:14:05,839 Speaker 1: I've learned. I've learned from these you know for the 304 00:14:05,960 --> 00:14:09,360 Speaker 1: last bowl market, and this time I'm going to sell 305 00:14:09,400 --> 00:14:11,640 Speaker 1: at the top and then I'll buy. They didn't. No, no, 306 00:14:11,800 --> 00:14:14,720 Speaker 1: they didn't, No, no, nothing, they didn't. But they're saying 307 00:14:14,800 --> 00:14:16,599 Speaker 1: now that I learned, so that they didn't know. But 308 00:14:16,679 --> 00:14:18,640 Speaker 1: what I'm saying is no, they did not learn. And 309 00:14:18,720 --> 00:14:21,280 Speaker 1: the reason the reason why they did not learn. I 310 00:14:21,360 --> 00:14:24,280 Speaker 1: am very active on TikTok, I'm active on YouTube, I'm 311 00:14:24,320 --> 00:14:26,440 Speaker 1: active on Twitter, I'm active on all these social media 312 00:14:26,440 --> 00:14:29,120 Speaker 1: platforms is my job. And the type of comment like 313 00:14:29,200 --> 00:14:31,160 Speaker 1: I made a video saying I am going to be 314 00:14:31,240 --> 00:14:35,280 Speaker 1: selling about six of my crypto portfolio. As you know, 315 00:14:35,320 --> 00:14:36,760 Speaker 1: I'm gonna I'm gonna continue to do that when I 316 00:14:36,800 --> 00:14:39,160 Speaker 1: say I'm selling, I'm just taking profit on the way up. 317 00:14:39,200 --> 00:14:41,400 Speaker 1: I'm putting those into stable coins, I'm putting those onto 318 00:14:41,440 --> 00:14:44,240 Speaker 1: D five platforms and earning paths of income. The reason 319 00:14:44,320 --> 00:14:47,160 Speaker 1: why I'm doing this is because I'm minted bigating my risk. 320 00:14:47,480 --> 00:14:50,000 Speaker 1: I do a lot of technical analysis, and technical analysis 321 00:14:50,120 --> 00:14:52,040 Speaker 1: is a tool that we can use to time the market. 322 00:14:52,320 --> 00:14:54,920 Speaker 1: But at the same time, there's other things that impacted, 323 00:14:55,040 --> 00:14:59,200 Speaker 1: like emotions and psychology and just how I'm feeling that day. 324 00:14:59,320 --> 00:15:01,320 Speaker 1: That's why I'm taking profit on the way up. But 325 00:15:01,400 --> 00:15:03,800 Speaker 1: a lot of people are not doing that. And I 326 00:15:03,920 --> 00:15:06,680 Speaker 1: see it because they call me all kinds of things 327 00:15:06,720 --> 00:15:08,920 Speaker 1: and my mentions and my comments, and I'm like, you 328 00:15:09,000 --> 00:15:11,760 Speaker 1: know what, you don't want to mitigate risk. Don't mitigate risk. 329 00:15:11,840 --> 00:15:13,760 Speaker 1: That's on you. But this is my income. This is 330 00:15:13,800 --> 00:15:15,280 Speaker 1: how I live, that is how I pay my bills. 331 00:15:15,480 --> 00:15:18,000 Speaker 1: So I'm gonna be mitigating my risk. But they're not 332 00:15:18,320 --> 00:15:20,680 Speaker 1: doing that. They're they're not. And you can't time the 333 00:15:20,760 --> 00:15:23,960 Speaker 1: market perfectly. If you can time the market, if you 334 00:15:24,040 --> 00:15:27,240 Speaker 1: can time bitcoin within five thousand dollars of all time high, 335 00:15:27,600 --> 00:15:30,400 Speaker 1: you did good, You did really really good. Well. The 336 00:15:30,480 --> 00:15:32,560 Speaker 1: problem is is that we you know, when you look 337 00:15:32,600 --> 00:15:35,200 Speaker 1: at a chart, because so volatile, you see these huge 338 00:15:35,240 --> 00:15:37,480 Speaker 1: peaks and valleys and you look at and go, oh, 339 00:15:37,920 --> 00:15:39,720 Speaker 1: I didn't I should have just sold right there, and 340 00:15:39,760 --> 00:15:41,720 Speaker 1: then I would have bought back in right there. But 341 00:15:41,840 --> 00:15:44,040 Speaker 1: the problem is you don't know when that top is 342 00:15:44,080 --> 00:15:46,320 Speaker 1: the bottom is until you're looking backwards at it, and 343 00:15:46,440 --> 00:15:50,280 Speaker 1: so like the hindsight kind of thing, but the reality 344 00:15:50,400 --> 00:15:52,680 Speaker 1: is we don't know, and there's so many other factors 345 00:15:52,760 --> 00:15:55,920 Speaker 1: that play in. One thing that's cool with bitcoin I 346 00:15:56,000 --> 00:15:58,600 Speaker 1: was talking about earlier, different than any other market is 347 00:15:58,640 --> 00:16:01,000 Speaker 1: that we have on chain analytics, and so the on 348 00:16:01,160 --> 00:16:04,480 Speaker 1: chain analytics are are helpful at least a little bit 349 00:16:04,600 --> 00:16:07,360 Speaker 1: to kind of see are the big whales buying, the 350 00:16:07,400 --> 00:16:09,920 Speaker 1: big addresses buying? Is that the small retail buying? Like 351 00:16:10,040 --> 00:16:12,200 Speaker 1: who's selling? Um? Do you do? You look at that 352 00:16:12,280 --> 00:16:15,080 Speaker 1: kind of stuff? Um? I pay attention to it, but 353 00:16:15,200 --> 00:16:18,120 Speaker 1: not super heavily because the way my mind works is 354 00:16:18,200 --> 00:16:20,320 Speaker 1: I like to focus on technical analysis, and the reason 355 00:16:20,360 --> 00:16:22,240 Speaker 1: why is because it helps me. If I'm looking at 356 00:16:22,280 --> 00:16:24,560 Speaker 1: too many things, my mind is like, Okay, well what 357 00:16:24,600 --> 00:16:26,720 Speaker 1: about this? What about this? What about that? So I 358 00:16:26,920 --> 00:16:28,720 Speaker 1: tend to not do as well. But when I cover 359 00:16:28,880 --> 00:16:30,720 Speaker 1: things on my show, we sometimes do look at on 360 00:16:30,840 --> 00:16:33,720 Speaker 1: chain analytics our analysis. And the reason why that's so 361 00:16:33,840 --> 00:16:37,760 Speaker 1: important is because when we're looking at traditional financial products, 362 00:16:37,800 --> 00:16:40,080 Speaker 1: like people use a Bloomberg terminal, that's what you use, 363 00:16:40,520 --> 00:16:42,840 Speaker 1: and with bitcoin, we don't have a Bloomberg terminal, Like 364 00:16:43,040 --> 00:16:45,800 Speaker 1: we don't really have quarterly reports, we don't have income 365 00:16:45,960 --> 00:16:48,920 Speaker 1: statements or whatever they use for that. That's silly, goofy 366 00:16:49,000 --> 00:16:52,840 Speaker 1: traditional finance stuff. But with bitcoin, on chain analytics are important. 367 00:16:53,160 --> 00:16:56,200 Speaker 1: Mining economics are important. When are the miners taking profit, 368 00:16:56,280 --> 00:16:57,920 Speaker 1: you prop you kind of want to pay attention to 369 00:16:58,080 --> 00:17:00,400 Speaker 1: that stuff because they're the ones that are doing the 370 00:17:00,480 --> 00:17:02,560 Speaker 1: O t C deals like they have to sell. So 371 00:17:02,680 --> 00:17:04,320 Speaker 1: we need to look at on chain analytics, We need 372 00:17:04,359 --> 00:17:06,159 Speaker 1: to look at mining economics. We need to look at 373 00:17:06,200 --> 00:17:09,159 Speaker 1: liquidations when it comes to exchanges because there's a lot 374 00:17:09,200 --> 00:17:11,280 Speaker 1: of people that are taking out these big positions and 375 00:17:11,400 --> 00:17:13,800 Speaker 1: you can track all that stuff. So it's important to 376 00:17:13,880 --> 00:17:16,119 Speaker 1: focus on all of these different aspects because even with 377 00:17:16,200 --> 00:17:18,400 Speaker 1: the chain analytics, you can see when the whales are fine, 378 00:17:18,600 --> 00:17:20,760 Speaker 1: but you can also see how many wallets have been dormant, 379 00:17:20,800 --> 00:17:25,360 Speaker 1: who's holding et cetera. And that's a beauty of blockchain technology. Yeah. Yeah, 380 00:17:25,400 --> 00:17:27,520 Speaker 1: it definitely changes a lot of things. I know. UM, 381 00:17:27,760 --> 00:17:29,920 Speaker 1: over here on in Puerto Rico of one of my 382 00:17:30,080 --> 00:17:31,840 Speaker 1: one of my new best friends, I've only made two, 383 00:17:31,920 --> 00:17:34,880 Speaker 1: so he fits there. But he runs a hedge fund 384 00:17:34,960 --> 00:17:38,320 Speaker 1: and he's you know, he's trading different assets and he's 385 00:17:38,359 --> 00:17:40,760 Speaker 1: not really into bitcoin, but I keep telling on them, like, man, 386 00:17:40,920 --> 00:17:44,119 Speaker 1: the data that you have there, it really changes everything. UM, 387 00:17:44,200 --> 00:17:46,879 Speaker 1: I want to get into um some things about you 388 00:17:46,960 --> 00:17:49,960 Speaker 1: mentioned earlier, like scalp trading, swing trading, and um this 389 00:17:50,119 --> 00:17:52,680 Speaker 1: kind of new batch of these TikTok traders and stuff. 390 00:17:52,800 --> 00:17:54,719 Speaker 1: So we're gonna talk about that when we get back. Um, 391 00:17:54,800 --> 00:17:57,000 Speaker 1: you are listening to the Mark Moss Show. We're talking 392 00:17:57,040 --> 00:18:00,920 Speaker 1: about bitcoin, cryptocurrencies, the decentralized Revolution. I am here with 393 00:18:01,280 --> 00:18:03,840 Speaker 1: Crypto Windy. Oh give her a follow on Twitter Crypto 394 00:18:03,880 --> 00:18:06,359 Speaker 1: Windy O. Um, of course I am one Mark Moss 395 00:18:06,400 --> 00:18:08,480 Speaker 1: on Twitter. So send us some messages. We'd love to 396 00:18:08,560 --> 00:18:11,280 Speaker 1: hear from you and we'll be right back. Hey everyone, 397 00:18:11,320 --> 00:18:13,480 Speaker 1: welcome back. You are listening to the Mark Moss Show. 398 00:18:13,520 --> 00:18:16,240 Speaker 1: We're talking about bitcoin. We're talking about cryptocurrencies and the 399 00:18:16,359 --> 00:18:21,920 Speaker 1: decentralized revolution. Literally the biggest wealth transfer we have ever seen, 400 00:18:21,960 --> 00:18:23,840 Speaker 1: the biggest one you will ever see. And the way 401 00:18:23,920 --> 00:18:25,600 Speaker 1: to take advantage of it, the way the profit from 402 00:18:25,640 --> 00:18:28,840 Speaker 1: it is to have asymmetric information. That means information that 403 00:18:28,960 --> 00:18:30,840 Speaker 1: most people don't have, which is why you need to 404 00:18:30,840 --> 00:18:33,440 Speaker 1: tune in with me h and every week, UM with 405 00:18:33,600 --> 00:18:35,680 Speaker 1: my good friend Wendy UM. You can find her on 406 00:18:35,960 --> 00:18:38,679 Speaker 1: Twitter at crypto Windy. Oh she's on YouTube as well, 407 00:18:38,760 --> 00:18:40,240 Speaker 1: so make sure to give her a follow, send her 408 00:18:40,280 --> 00:18:43,600 Speaker 1: a message telling you heard her here on the show. UM. 409 00:18:43,720 --> 00:18:46,919 Speaker 1: And before before the break, she had mentioned something about 410 00:18:47,040 --> 00:18:50,000 Speaker 1: you know, swing trading and um scalpel trading and all 411 00:18:50,000 --> 00:18:53,200 Speaker 1: these different techniques. UM. And she also mentioned like her 412 00:18:53,240 --> 00:18:57,560 Speaker 1: audiences on social media, like TikTok for example. And we've 413 00:18:57,640 --> 00:19:00,360 Speaker 1: seen over the last year really since the pandemic broke out, 414 00:19:00,359 --> 00:19:03,200 Speaker 1: we've seen the rise of the robin hood trader and 415 00:19:03,240 --> 00:19:06,680 Speaker 1: now the TikTok trader kind of thing. And UM, I 416 00:19:06,760 --> 00:19:08,919 Speaker 1: see all these people coming into the space and they 417 00:19:08,960 --> 00:19:10,320 Speaker 1: want to quit their job and they want to be 418 00:19:10,359 --> 00:19:13,080 Speaker 1: a full time trader. I'm not on TikTok like you are, 419 00:19:13,160 --> 00:19:15,359 Speaker 1: but give us a little bit of the landscape because 420 00:19:15,480 --> 00:19:17,400 Speaker 1: the stories that I hear, and I don't have first 421 00:19:17,440 --> 00:19:20,480 Speaker 1: time experience with the stories I hear. It seems pretty dangerous. 422 00:19:20,480 --> 00:19:22,720 Speaker 1: Seems like there's a lot of bad information going on 423 00:19:22,800 --> 00:19:25,760 Speaker 1: around out there. This is the thing. TikTok is a 424 00:19:26,160 --> 00:19:29,159 Speaker 1: great platform. You can get a lot of information that 425 00:19:29,440 --> 00:19:32,920 Speaker 1: you may not see on social media or media outlets, 426 00:19:33,040 --> 00:19:34,760 Speaker 1: whatever it is. So TikTok does have a lot of 427 00:19:34,840 --> 00:19:38,680 Speaker 1: really great things there. However, there are some issues and 428 00:19:38,720 --> 00:19:41,880 Speaker 1: the issues there issues that can arise is that there's 429 00:19:41,880 --> 00:19:44,879 Speaker 1: a lot of misinformation. The misinformation is is like I 430 00:19:45,040 --> 00:19:46,960 Speaker 1: made this much money in crypto, I did this, or 431 00:19:47,000 --> 00:19:49,520 Speaker 1: I did that, or I'm putting you know, twenty dollars 432 00:19:49,600 --> 00:19:53,439 Speaker 1: into um coin X, Y and Z that is trading 433 00:19:53,480 --> 00:19:55,520 Speaker 1: at fifty Setoshi's and once it goes to a dollar, 434 00:19:55,560 --> 00:19:58,000 Speaker 1: I'll become a trillionaire. That type of stuff is ridiculous 435 00:19:58,040 --> 00:20:01,000 Speaker 1: and a lot of people this is the thing. The 436 00:20:01,200 --> 00:20:05,400 Speaker 1: way our minds have evolved is that we are generally 437 00:20:05,560 --> 00:20:08,919 Speaker 1: prone to believe anything that we see without doing research 438 00:20:08,960 --> 00:20:10,800 Speaker 1: because we're not taught to do research in school. We're 439 00:20:10,800 --> 00:20:12,440 Speaker 1: not taught to a lot of our parents. You know, 440 00:20:13,000 --> 00:20:15,680 Speaker 1: we're busy raising us as kids. They didn't really you know, 441 00:20:15,800 --> 00:20:17,320 Speaker 1: kind of hone in hard like got to do your 442 00:20:17,320 --> 00:20:19,520 Speaker 1: own research or you know, not just not just that, 443 00:20:19,800 --> 00:20:23,720 Speaker 1: but even today we're seeing uh literally like the propaganda 444 00:20:23,760 --> 00:20:26,040 Speaker 1: coming out about you know, the whole pandemic thing. They're saying, 445 00:20:26,440 --> 00:20:29,200 Speaker 1: don't do your own research, like they're saying, it's dangerous 446 00:20:29,200 --> 00:20:31,960 Speaker 1: to your own research. And then they're virtue signaling now 447 00:20:32,119 --> 00:20:35,600 Speaker 1: it's virtuous to outsource your thinking to experts. Don't think, 448 00:20:35,800 --> 00:20:37,920 Speaker 1: just listen to the experts. So to your point, we 449 00:20:37,960 --> 00:20:40,239 Speaker 1: weren't taught it and now they're even discouraging it. Well, 450 00:20:40,280 --> 00:20:42,040 Speaker 1: let me tell you something. I worked in healthcare, which 451 00:20:42,080 --> 00:20:44,760 Speaker 1: in HIV AIDS for seven years, managing and coordinating patient 452 00:20:44,840 --> 00:20:46,639 Speaker 1: care and probably you want to know the fund And 453 00:20:46,720 --> 00:20:48,760 Speaker 1: one of the most interesting things that I saw in 454 00:20:48,880 --> 00:20:55,280 Speaker 1: my healthcare profession I saw doctors and pharmacists googling information, 455 00:20:56,119 --> 00:21:01,320 Speaker 1: googling information. The fact that these people are experts and 456 00:21:01,400 --> 00:21:05,040 Speaker 1: they're having to google information that you can google yourself. 457 00:21:05,520 --> 00:21:08,920 Speaker 1: That tells me a little bit about everything. And that's 458 00:21:08,920 --> 00:21:11,040 Speaker 1: all I'm gonna say about that. Well, true, true, true 459 00:21:11,119 --> 00:21:13,000 Speaker 1: story on that for a second. I mean we're going 460 00:21:13,000 --> 00:21:14,600 Speaker 1: off topic here, but this is a true story. My 461 00:21:14,680 --> 00:21:17,680 Speaker 1: sister is an e R doctor and she was working 462 00:21:17,800 --> 00:21:20,040 Speaker 1: in her hospital I'm not going to mention where um 463 00:21:20,119 --> 00:21:24,399 Speaker 1: and unfortunately is in California, and it was understaffed and 464 00:21:24,520 --> 00:21:27,439 Speaker 1: they just couldn't get this hospital running right. And uh 465 00:21:27,560 --> 00:21:29,920 Speaker 1: it was I think late at night, overnight shift, and 466 00:21:30,040 --> 00:21:33,320 Speaker 1: she had a patient come in with like a whatever 467 00:21:33,320 --> 00:21:35,399 Speaker 1: the devices that keep your heart running. I forget um 468 00:21:35,560 --> 00:21:40,480 Speaker 1: what it's called. Remember that she couldn't get the cardiologist 469 00:21:40,480 --> 00:21:41,879 Speaker 1: to come in, like it was like late at night, 470 00:21:41,920 --> 00:21:43,639 Speaker 1: and he wasn't answering, he wouldn't come in whatever, Like 471 00:21:43,680 --> 00:21:46,119 Speaker 1: the patient's going to die, and she literally went on 472 00:21:46,280 --> 00:21:50,200 Speaker 1: YouTube and found a video of how to like rewire 473 00:21:50,240 --> 00:21:52,480 Speaker 1: it or whatever and did it off of a YouTube 474 00:21:52,560 --> 00:21:55,160 Speaker 1: video save the person's life. But anyway, to your point, 475 00:21:55,240 --> 00:21:57,000 Speaker 1: it wasn't It wasn't Google, but it was YouTube the 476 00:21:57,000 --> 00:21:59,399 Speaker 1: same thing. But yeah, but and that that's the thing 477 00:21:59,560 --> 00:22:01,800 Speaker 1: is like I mean, and this this kind of goes 478 00:22:01,880 --> 00:22:04,520 Speaker 1: back to bitcoin and the ethos a bitcoin about being 479 00:22:04,680 --> 00:22:08,000 Speaker 1: a freethinker, about being self sovereign, about being free and 480 00:22:08,240 --> 00:22:10,560 Speaker 1: you need to ask questions like like the way I 481 00:22:10,720 --> 00:22:13,840 Speaker 1: learned about bitcoin was by doing my own research and 482 00:22:13,920 --> 00:22:17,080 Speaker 1: like educating myself and it's okay to ask questions. It's 483 00:22:17,119 --> 00:22:18,960 Speaker 1: okay to think for yourself. If you're doing in a 484 00:22:19,080 --> 00:22:21,119 Speaker 1: respectful manner, you're like, hey, I just want to know 485 00:22:21,240 --> 00:22:23,920 Speaker 1: more about this. That's okay. And if you're listening to this, 486 00:22:24,040 --> 00:22:27,720 Speaker 1: don't let anybody discourage you. That's on being educated, that's 487 00:22:27,760 --> 00:22:30,480 Speaker 1: on taking responsibility for your own actions, and that's on 488 00:22:30,600 --> 00:22:32,879 Speaker 1: you wanting to improve your quality of life. So somebody 489 00:22:32,960 --> 00:22:37,200 Speaker 1: is making you feel bad for not educating yourself, that's 490 00:22:37,280 --> 00:22:39,639 Speaker 1: on them. That's not on you, And that's probably not 491 00:22:39,760 --> 00:22:41,920 Speaker 1: somebody I would associate with. But back to the whole 492 00:22:42,000 --> 00:22:45,080 Speaker 1: TikTok thing. TikTok screat you get a lot of great information. 493 00:22:45,560 --> 00:22:49,240 Speaker 1: My videos that are informative, they do, they get less 494 00:22:49,320 --> 00:22:52,879 Speaker 1: views than the ridiculous ones. And people the one the 495 00:22:52,960 --> 00:22:55,520 Speaker 1: videos that get the most traction are people making crazy money, 496 00:22:55,640 --> 00:22:58,119 Speaker 1: flexing gains, doing all this ridiculous stuff. I saw some 497 00:22:58,400 --> 00:23:00,960 Speaker 1: kid he was selling like He's like, I made this 498 00:23:01,480 --> 00:23:06,639 Speaker 1: I made in ethereum by putting putting the sign up 499 00:23:06,800 --> 00:23:08,960 Speaker 1: with the QR code and telling people they can use 500 00:23:09,080 --> 00:23:11,639 Speaker 1: my hose for some ethereum and I'm gonna leave this 501 00:23:11,800 --> 00:23:13,840 Speaker 1: stand here. And they're gonna give pay me an ethereum 502 00:23:14,080 --> 00:23:16,080 Speaker 1: and like it was all cap it was all fake. 503 00:23:16,400 --> 00:23:18,399 Speaker 1: But it's like, don't believe everything you see on the internet. 504 00:23:18,560 --> 00:23:21,439 Speaker 1: Trading is hard, Scalping is hard, swing trading is hard. 505 00:23:21,520 --> 00:23:24,560 Speaker 1: Investing is hard. That's why we don't have a lot 506 00:23:24,600 --> 00:23:27,199 Speaker 1: of people. That's why the majority of the population doesn't 507 00:23:27,359 --> 00:23:30,160 Speaker 1: do it. So if you see somebody making easy money, 508 00:23:30,960 --> 00:23:34,160 Speaker 1: they're probably not giving you the full picture. And also 509 00:23:34,240 --> 00:23:36,440 Speaker 1: be weary of those people with Reugh links in their 510 00:23:36,520 --> 00:23:39,600 Speaker 1: bio or courses in their bio. Again, I have nothing 511 00:23:39,680 --> 00:23:41,400 Speaker 1: against that, but at the same time, if this person 512 00:23:41,520 --> 00:23:43,840 Speaker 1: is saying I'm making all this money, I have all 513 00:23:43,920 --> 00:23:46,480 Speaker 1: this wealth and you can do it here, that's a 514 00:23:46,560 --> 00:23:50,640 Speaker 1: little bit concerning to me. Yeah, I had, I've never been. 515 00:23:50,760 --> 00:23:53,400 Speaker 1: I mean, I guess I'm a gambler because I'm investing 516 00:23:53,440 --> 00:23:55,879 Speaker 1: and I'm building businesses, which is always risky. Um. But 517 00:23:56,480 --> 00:23:58,520 Speaker 1: being in southern California growing up there, I had you know, 518 00:23:58,600 --> 00:24:00,399 Speaker 1: Vegas was always close by, and we'd go out to 519 00:24:00,480 --> 00:24:02,720 Speaker 1: Vegas on a pretty regular basis for for a while there, 520 00:24:03,040 --> 00:24:04,800 Speaker 1: and some of my friends would have like v I 521 00:24:04,920 --> 00:24:07,440 Speaker 1: p at at whatever casino right because they'd go and 522 00:24:07,440 --> 00:24:10,119 Speaker 1: they'd gamble a ton of money, and they would have 523 00:24:10,680 --> 00:24:13,119 Speaker 1: times where they came home, you know, fifty grand, a 524 00:24:13,240 --> 00:24:16,320 Speaker 1: hundred grand they won, and as glamorous that is, there's 525 00:24:16,440 --> 00:24:19,439 Speaker 1: even more trips where they lost thirty fifty grade. Nobody 526 00:24:19,480 --> 00:24:22,040 Speaker 1: talks about their losses. Mark. That's the thing is like, 527 00:24:22,320 --> 00:24:24,320 Speaker 1: I'll talk about my losses, like I've had some pretty 528 00:24:24,359 --> 00:24:27,920 Speaker 1: big losses in crypto um, either with a portraiting plan 529 00:24:28,160 --> 00:24:30,879 Speaker 1: or because I did something that was ridiculous like or 530 00:24:31,160 --> 00:24:33,439 Speaker 1: you know, whatever stuff happens. But at the same time, 531 00:24:33,520 --> 00:24:36,440 Speaker 1: nobody's sharing their losses, Like people like, look at my algy. 532 00:24:36,440 --> 00:24:38,600 Speaker 1: My body is doing X, Y and z. It's like, okay, 533 00:24:38,640 --> 00:24:40,320 Speaker 1: but I want to see your losses because the body 534 00:24:40,320 --> 00:24:42,680 Speaker 1: isn't No body is a percent accurate. Like if getting 535 00:24:42,800 --> 00:24:45,159 Speaker 1: rich was so easy, everybody would be rich, and not 536 00:24:45,240 --> 00:24:47,320 Speaker 1: a lot of people are rich. The other the other 537 00:24:47,400 --> 00:24:50,240 Speaker 1: thing about that too is that um, you know, a big, 538 00:24:50,359 --> 00:24:52,800 Speaker 1: big problem that I see is that you know, the 539 00:24:53,560 --> 00:24:57,920 Speaker 1: professional investors of the world, well, let's say the TikTok 540 00:24:58,040 --> 00:25:00,879 Speaker 1: investors of the world, most in esters, most people that 541 00:25:00,920 --> 00:25:03,200 Speaker 1: come into it, all they think about is the gains, 542 00:25:03,320 --> 00:25:06,400 Speaker 1: the potential gains. How much money I can make. Whereas 543 00:25:06,440 --> 00:25:09,680 Speaker 1: professional investors, the Wall Street investors, they're always trying to 544 00:25:09,720 --> 00:25:13,200 Speaker 1: manage the downside. It's a totally different game. They build 545 00:25:13,280 --> 00:25:16,280 Speaker 1: wealth by not losing wealth as opposed to trying to 546 00:25:16,320 --> 00:25:18,399 Speaker 1: swing for the fences all the time. And so just 547 00:25:18,640 --> 00:25:21,960 Speaker 1: that shift alone, I think is is massive to get. 548 00:25:22,720 --> 00:25:25,280 Speaker 1: That's actually really good. Um, that's a really good point 549 00:25:25,320 --> 00:25:27,520 Speaker 1: you brought up, Mark, because I am I have this 550 00:25:27,760 --> 00:25:29,800 Speaker 1: term that I use that somebody in crypto, like a 551 00:25:29,920 --> 00:25:31,639 Speaker 1: good family friend of mine, taught it to me a 552 00:25:31,720 --> 00:25:34,320 Speaker 1: long time ago. But it's a moon bag. And whether 553 00:25:34,400 --> 00:25:37,720 Speaker 1: it's bitcoin or crypto, a moon bag, or any type 554 00:25:37,720 --> 00:25:40,399 Speaker 1: of investing, it's mitigating glosses. It's when you're in profit 555 00:25:40,440 --> 00:25:42,440 Speaker 1: and you take out your initial investment and you take 556 00:25:42,520 --> 00:25:45,560 Speaker 1: out your profit, you pay yourself. You take that profit 557 00:25:46,720 --> 00:25:48,959 Speaker 1: and you compound it, you roll it, roll it over 558 00:25:49,080 --> 00:25:51,840 Speaker 1: into something else, and you rinse and repeat this over 559 00:25:51,920 --> 00:25:54,359 Speaker 1: and over again. And each particular bag you have, or 560 00:25:54,480 --> 00:25:56,880 Speaker 1: maybe you just doing this to accumulate more bitcoin, whatever 561 00:25:57,000 --> 00:25:59,680 Speaker 1: it is, but each particularly each time you do that, 562 00:26:00,040 --> 00:26:03,280 Speaker 1: you're owning something free and clear essentially because you've paid yourself, 563 00:26:03,359 --> 00:26:06,040 Speaker 1: you've taken out your disposable income, and you're able to 564 00:26:06,119 --> 00:26:08,600 Speaker 1: have free capital to continue to do this over and 565 00:26:08,680 --> 00:26:11,720 Speaker 1: over again. And when you own something fretety clear. If 566 00:26:11,760 --> 00:26:14,240 Speaker 1: it goes to the moon, fantastic. If it goes to zero, 567 00:26:14,880 --> 00:26:18,320 Speaker 1: you've already paid yourself also too. You want to manage 568 00:26:18,359 --> 00:26:22,600 Speaker 1: the downside. We are in a very amazing time for bitcoin, 569 00:26:22,680 --> 00:26:24,840 Speaker 1: for crypto as a whole. But at the same time, 570 00:26:25,280 --> 00:26:27,080 Speaker 1: and Mark you've been through bear markets, you know, you know, 571 00:26:27,160 --> 00:26:29,000 Speaker 1: a lot of the stuff, this stuff, a lot of 572 00:26:29,880 --> 00:26:32,119 Speaker 1: a lot of the stuff goes to zero. Bitcoin is 573 00:26:32,160 --> 00:26:33,440 Speaker 1: not going to go to zero, but a lot of 574 00:26:33,440 --> 00:26:36,160 Speaker 1: all coins go to zero. Take your take some take 575 00:26:36,240 --> 00:26:38,200 Speaker 1: some money off the table, put it in a stable coin, 576 00:26:38,280 --> 00:26:41,760 Speaker 1: toss it into Celsius or Blockfire, Voyager or you know, 577 00:26:41,960 --> 00:26:44,560 Speaker 1: f TX, whatever it. Maybe toss it into a place 578 00:26:44,560 --> 00:26:46,840 Speaker 1: where you can get some passive income. But if you're 579 00:26:46,880 --> 00:26:50,320 Speaker 1: sitting there and you're not managing the downside, or not 580 00:26:50,440 --> 00:26:54,040 Speaker 1: even thinking about the downside, that's a serious problem. Because 581 00:26:54,160 --> 00:26:56,639 Speaker 1: let's face it, bitcoin is a beautiful thing. It's a 582 00:26:56,760 --> 00:27:01,000 Speaker 1: beautiful thing. But what happens if you know, we don't 583 00:27:01,000 --> 00:27:03,679 Speaker 1: know what the future holds. What it's a very new asset, 584 00:27:03,760 --> 00:27:05,880 Speaker 1: what what do How long has bitcoin been around? Twelve years? 585 00:27:05,920 --> 00:27:09,000 Speaker 1: Ten years? Yeah? Not not not that long. It hasn't 586 00:27:09,000 --> 00:27:12,040 Speaker 1: been around forever. And as bullish as I am, I 587 00:27:12,160 --> 00:27:14,160 Speaker 1: can't go a hundred percent in because I got wiped 588 00:27:14,160 --> 00:27:16,199 Speaker 1: out in two thousand and eight for making that mistake 589 00:27:16,240 --> 00:27:19,560 Speaker 1: and I can't make that same mistake again. Now. UM, 590 00:27:19,680 --> 00:27:21,159 Speaker 1: you are listening to the Mark mos Show. I'm here 591 00:27:21,200 --> 00:27:24,800 Speaker 1: with crypto Windy O Finder on Twitter and YouTube crypto Windio. UM. 592 00:27:24,920 --> 00:27:28,920 Speaker 1: We are talking about bitcoin cryptocurrencies, the decentralized revolution. I 593 00:27:29,040 --> 00:27:32,800 Speaker 1: want to talk about you mentioned just now stable coins, UM, 594 00:27:32,880 --> 00:27:35,040 Speaker 1: and there's a lot of regulations happening with stable coins. 595 00:27:35,400 --> 00:27:37,360 Speaker 1: Some of that you mentioned Black five Celsius, they're coming 596 00:27:37,400 --> 00:27:40,000 Speaker 1: under fire. I want to talk about that because there's 597 00:27:40,040 --> 00:27:42,080 Speaker 1: some stuff that people need to be aware of. UM. 598 00:27:42,160 --> 00:27:44,920 Speaker 1: So we'll be right back with that. All right, Welcome back. 599 00:27:44,960 --> 00:27:47,600 Speaker 1: You are back with Mark Moss on the Mark ma Show. 600 00:27:47,680 --> 00:27:51,680 Speaker 1: We're talking about bitcoin, cryptocurrencies, the decentralized Revolution. I'm trying 601 00:27:51,760 --> 00:27:54,960 Speaker 1: to bring you the asymmetric information, the information that most 602 00:27:55,000 --> 00:27:57,879 Speaker 1: people don't have, so you have an edge always whenever 603 00:27:57,920 --> 00:28:00,600 Speaker 1: you're competing, whenever you're investing. You need to have an edge, 604 00:28:00,920 --> 00:28:03,200 Speaker 1: and your edge is having this information that most people 605 00:28:03,240 --> 00:28:05,320 Speaker 1: don't have because they're not paying attention. So make sure 606 00:28:05,560 --> 00:28:07,879 Speaker 1: set your calendar. Come back each and every week at 607 00:28:07,920 --> 00:28:09,720 Speaker 1: the same time on the same channel. I'm here with 608 00:28:09,800 --> 00:28:11,840 Speaker 1: my good friend crypto Windy. Oh find her on Twitter, 609 00:28:11,880 --> 00:28:14,640 Speaker 1: crypto Windio and on YouTube as well. She's a wealth 610 00:28:14,640 --> 00:28:17,360 Speaker 1: of information, a really good friend, and so Wendy. Before 611 00:28:17,400 --> 00:28:19,280 Speaker 1: we took that break, we were talking about I wanted 612 00:28:19,280 --> 00:28:21,400 Speaker 1: to kind of transition and do something you had said. 613 00:28:21,840 --> 00:28:24,000 Speaker 1: I mean, you talked about, you know, taking profits and 614 00:28:24,080 --> 00:28:26,680 Speaker 1: putting them into stable coins um and then you talked 615 00:28:26,720 --> 00:28:29,200 Speaker 1: about you putting those stable coins onto Celsius or Block 616 00:28:29,280 --> 00:28:33,200 Speaker 1: five to earning yield on those. Now I have I 617 00:28:34,200 --> 00:28:36,679 Speaker 1: say over and over, I don't take profits on bitcoin. 618 00:28:36,800 --> 00:28:38,880 Speaker 1: I don't ever plan to sell my bitcoin. My goal 619 00:28:38,960 --> 00:28:40,520 Speaker 1: is to never send my bitcoin. My goal is to 620 00:28:40,640 --> 00:28:42,760 Speaker 1: borrow against my bitcoin if I ever need that money. 621 00:28:43,200 --> 00:28:45,880 Speaker 1: UM but I do use stable coins in different ways, 622 00:28:46,200 --> 00:28:49,400 Speaker 1: so I believe that holding cash is important. I believe 623 00:28:49,480 --> 00:28:52,840 Speaker 1: that um cash is should be one of my allocations. 624 00:28:53,240 --> 00:28:55,320 Speaker 1: UM but I don't like my cash sitting there doing nothing, 625 00:28:55,400 --> 00:28:56,800 Speaker 1: so I like to take some of that cash, put 626 00:28:56,840 --> 00:28:58,520 Speaker 1: it into stable coins and earn a yield on it. 627 00:28:58,640 --> 00:29:01,320 Speaker 1: So I I do that as well for different reasons. UM, 628 00:29:01,360 --> 00:29:04,120 Speaker 1: But lately we've been seeing that there's, uh, these these 629 00:29:04,360 --> 00:29:07,440 Speaker 1: platforms that are paying these yields out are coming under 630 00:29:07,560 --> 00:29:10,920 Speaker 1: a lot of fire, specifically Celsius and block Fire. I'd 631 00:29:10,960 --> 00:29:13,360 Speaker 1: like to get your take on that. Um. It almost 632 00:29:13,400 --> 00:29:17,480 Speaker 1: seems like to me, Um, the government hates competition, and 633 00:29:17,560 --> 00:29:19,840 Speaker 1: so it's like the banks are paying like zero point 634 00:29:19,960 --> 00:29:22,480 Speaker 1: zero one percent interest, they're paying seven or eight They 635 00:29:22,520 --> 00:29:25,360 Speaker 1: don't want that. What are you seeing on these regulations 636 00:29:25,400 --> 00:29:28,320 Speaker 1: and what do you think about that? Um? These regulations 637 00:29:28,360 --> 00:29:32,120 Speaker 1: are happening, they're cracking down on these exchanges because it 638 00:29:32,280 --> 00:29:35,360 Speaker 1: is competition against the bank. Why would you Okay, let's 639 00:29:35,400 --> 00:29:37,560 Speaker 1: let's talk about this. Let's let's first talk about the banks. 640 00:29:37,880 --> 00:29:40,480 Speaker 1: You go to a bank, the banksters. Let's talk about 641 00:29:40,480 --> 00:29:42,800 Speaker 1: the banksters, the fancy suits. You go to a bank, 642 00:29:43,400 --> 00:29:47,160 Speaker 1: they make you sit there for hours to open an account. Okay, fine, great, 643 00:29:47,480 --> 00:29:51,400 Speaker 1: you deposit your money into the bank. The bank then 644 00:29:51,520 --> 00:29:55,120 Speaker 1: charges you a monthly service fee. And some people, you know, 645 00:29:55,160 --> 00:29:56,880 Speaker 1: you're able to mitigate that if you make a certain 646 00:29:56,920 --> 00:29:59,280 Speaker 1: amount or if you keep a certain certain balance. Let's 647 00:29:59,280 --> 00:30:01,080 Speaker 1: face it, there's a lot of Americans that don't even 648 00:30:01,120 --> 00:30:04,200 Speaker 1: have five in a savings account for emergency fund. And 649 00:30:04,320 --> 00:30:07,120 Speaker 1: you know, that's that's another topic for another day. But 650 00:30:07,160 --> 00:30:09,640 Speaker 1: at the same time, and that is essentially targeting people 651 00:30:09,840 --> 00:30:11,560 Speaker 1: that are poor. And I grew up poor, so I'm 652 00:30:11,560 --> 00:30:13,400 Speaker 1: gonna I'm talk about being imported. I'm gonna use that 653 00:30:13,520 --> 00:30:15,680 Speaker 1: term port grow very, very poor. So what they're doing 654 00:30:15,840 --> 00:30:18,080 Speaker 1: is is they're targeting those people and they're charging them. 655 00:30:18,200 --> 00:30:21,520 Speaker 1: The bank is charging you to loan your money out. 656 00:30:21,640 --> 00:30:23,640 Speaker 1: They're taking your money, they're loaning it out, they're making 657 00:30:23,720 --> 00:30:25,600 Speaker 1: income on it, and they're charging you to do that. 658 00:30:26,000 --> 00:30:28,600 Speaker 1: What like, how is that not predatory? How is that 659 00:30:28,760 --> 00:30:32,080 Speaker 1: not wrong? That makes me absolutely angry to hear that, 660 00:30:32,360 --> 00:30:34,520 Speaker 1: And of course they're going to get mad, and of 661 00:30:34,600 --> 00:30:37,600 Speaker 1: course they're going to come after like the platforms like 662 00:30:37,800 --> 00:30:40,160 Speaker 1: um like block fight and selsius because you don't have 663 00:30:40,360 --> 00:30:44,080 Speaker 1: to pay money to hold your crypto there. You don't 664 00:30:44,120 --> 00:30:45,760 Speaker 1: have to pay money. You could just transfer your cryptoe 665 00:30:45,800 --> 00:30:48,480 Speaker 1: and obviously there's a fee whatever, fine, but you get 666 00:30:48,520 --> 00:30:50,400 Speaker 1: and then you get up to the eight percent cash 667 00:30:50,480 --> 00:30:53,080 Speaker 1: back or stable coin back whatever it is. They don't 668 00:30:53,160 --> 00:30:56,000 Speaker 1: want that competition because once the work gets out, everybody's 669 00:30:56,000 --> 00:31:00,240 Speaker 1: going to go there. That's what they're doing. And it's sad. Yeah. Um, yeah, 670 00:31:00,280 --> 00:31:02,840 Speaker 1: it is said to to kind of even compound on that, 671 00:31:03,040 --> 00:31:05,320 Speaker 1: I mean to to make this even bigger. I mean, 672 00:31:05,400 --> 00:31:07,600 Speaker 1: this is a global thing. And so we talked a 673 00:31:07,600 --> 00:31:09,400 Speaker 1: lot about things in the US. Obviously you're listening on 674 00:31:09,400 --> 00:31:11,760 Speaker 1: the radio right now, listen to the Markmas show on 675 00:31:11,840 --> 00:31:14,680 Speaker 1: the radio. Um, and so you know it's obviously US centric, 676 00:31:14,760 --> 00:31:18,320 Speaker 1: but um, in El Salvador they've made bitcoin legal tender. 677 00:31:19,120 --> 00:31:20,760 Speaker 1: And I was down there. I've been working with Bitcoin 678 00:31:20,840 --> 00:31:24,080 Speaker 1: beach down there, and um, some things I didn't fully understand, 679 00:31:24,120 --> 00:31:25,400 Speaker 1: and I travel a lot, so I kind of have 680 00:31:25,480 --> 00:31:29,360 Speaker 1: the perspective. But to your point, um, the poor adversely affected. 681 00:31:29,440 --> 00:31:31,040 Speaker 1: You have a bank account, you have to pay, you know, 682 00:31:31,160 --> 00:31:34,320 Speaker 1: monthly to have your bank account. Well, most times those 683 00:31:34,400 --> 00:31:37,160 Speaker 1: fees are waves because you carry balances whatever. Um. Down 684 00:31:37,200 --> 00:31:39,840 Speaker 1: there in El Salvador they don't carry either. They don't 685 00:31:39,840 --> 00:31:41,880 Speaker 1: they don't carry those balances, they don't wave those fees, 686 00:31:41,920 --> 00:31:44,080 Speaker 1: and so typically they're paying anywhere from twenty five to 687 00:31:44,240 --> 00:31:47,240 Speaker 1: fifty dollars a month to have a checking account and 688 00:31:47,280 --> 00:31:50,080 Speaker 1: most people they make a hundred bucks twohunter bucks a month, 689 00:31:50,120 --> 00:31:52,720 Speaker 1: they can't they can't pay that, so they don't have 690 00:31:52,840 --> 00:31:56,240 Speaker 1: bank accounts. And then so they can't even join the 691 00:31:56,320 --> 00:31:58,880 Speaker 1: financial system of the world. And then on the other 692 00:31:59,000 --> 00:32:01,160 Speaker 1: on the merchant side, to have you know, most of 693 00:32:01,200 --> 00:32:03,880 Speaker 1: the merchants are selling papoosas or coconuts on the side 694 00:32:03,880 --> 00:32:05,560 Speaker 1: of the road, or they have a little bodega selling 695 00:32:05,800 --> 00:32:08,360 Speaker 1: waters whatever, um, And they have to have about fifteen 696 00:32:08,400 --> 00:32:10,760 Speaker 1: to twenty tho dollars a month of revenue to get 697 00:32:10,800 --> 00:32:13,320 Speaker 1: a POS system, to get a merchant account, which they 698 00:32:13,360 --> 00:32:17,440 Speaker 1: don't have. So the merchants can't accept digital payments, they 699 00:32:17,440 --> 00:32:20,040 Speaker 1: can't be in the funding system, and the customers can't either. 700 00:32:20,280 --> 00:32:23,840 Speaker 1: They're completely boxed out. Um. So just to kind of 701 00:32:23,880 --> 00:32:26,680 Speaker 1: show how big that problem that you have there. But anyway, 702 00:32:26,720 --> 00:32:29,400 Speaker 1: so going back to the competition, what are you seeing 703 00:32:29,440 --> 00:32:31,520 Speaker 1: the government's doing here? Like, what's the threat you think 704 00:32:32,240 --> 00:32:34,440 Speaker 1: the threat is? Is they? I mean, we're crypto is 705 00:32:34,440 --> 00:32:36,960 Speaker 1: a threat. Cryptome Bitcoiner is a direct threat to the 706 00:32:37,040 --> 00:32:40,760 Speaker 1: government's And it's not even it's just we pay so 707 00:32:40,920 --> 00:32:43,960 Speaker 1: much in taxes and I'm not saying I'm at I 708 00:32:44,040 --> 00:32:45,800 Speaker 1: don't like paying taxes, but at the same time, like 709 00:32:45,880 --> 00:32:47,680 Speaker 1: we don't even know where tax dollars are going, Like 710 00:32:47,760 --> 00:32:51,000 Speaker 1: they say your tax dollars are going to go fund ABC. Really, 711 00:32:51,240 --> 00:32:53,040 Speaker 1: then why are my tax dollars going to go fund 712 00:32:53,080 --> 00:32:54,960 Speaker 1: to school that you're saying it's going to. But the 713 00:32:55,000 --> 00:32:57,480 Speaker 1: old neighborhood that I lived in, the schools are like 714 00:32:57,560 --> 00:32:59,200 Speaker 1: a three out of ten and the people that live 715 00:32:59,240 --> 00:33:01,120 Speaker 1: there don't even send their kids to that school because 716 00:33:01,120 --> 00:33:03,400 Speaker 1: it's so terrible. So explain to me how my tax 717 00:33:03,440 --> 00:33:05,920 Speaker 1: dollars are going to help fix this. So there's that aspect. 718 00:33:06,040 --> 00:33:08,760 Speaker 1: But they want the governments want control, the banks want control, 719 00:33:08,800 --> 00:33:11,880 Speaker 1: they want our money. They're utilizing us for, you know, 720 00:33:12,000 --> 00:33:15,320 Speaker 1: to fill their pockets, and that's why they're coming after Bitcoin. 721 00:33:15,480 --> 00:33:19,240 Speaker 1: Stable Coins are not poker chips, Gary Gensler. They are not. 722 00:33:19,440 --> 00:33:22,280 Speaker 1: They're they're a lot safer and well, actually there's nothing 723 00:33:22,320 --> 00:33:26,040 Speaker 1: wrong with poker chips either. But realistically stable coins they 724 00:33:26,080 --> 00:33:28,520 Speaker 1: fluctuate between ninety eight cents and one dollar and two cents, 725 00:33:28,680 --> 00:33:31,480 Speaker 1: and USDC is heavily regulated. They go through all these 726 00:33:31,480 --> 00:33:34,880 Speaker 1: different types of checks. Also are back like six by 727 00:33:34,920 --> 00:33:38,000 Speaker 1: six of cash, which is amazing because most people can't 728 00:33:38,040 --> 00:33:40,800 Speaker 1: even name what the United States dollars back by. Who 729 00:33:40,920 --> 00:33:43,000 Speaker 1: knows what is backed by. But the fact that but 730 00:33:43,160 --> 00:33:45,640 Speaker 1: the like literally but the fact that they're coming after 731 00:33:45,760 --> 00:33:50,040 Speaker 1: stable coins, stable coins that are really not a threat, 732 00:33:50,440 --> 00:33:54,280 Speaker 1: that just tells you how much they care about protecting 733 00:33:54,360 --> 00:33:56,840 Speaker 1: the people. Because if they cared about protecting the people, 734 00:33:57,040 --> 00:33:59,959 Speaker 1: they'd be focusing their efforts on bad actors. People are 735 00:34:00,000 --> 00:34:02,640 Speaker 1: are scamming people on the internet, hack even student loans 736 00:34:02,640 --> 00:34:06,040 Speaker 1: because student loans are predatory. There would be a lottery tickets, 737 00:34:06,040 --> 00:34:07,920 Speaker 1: There's all these types of things that are out there 738 00:34:08,160 --> 00:34:10,680 Speaker 1: that are very actually predatory, and stable coins are not 739 00:34:10,840 --> 00:34:14,560 Speaker 1: that that that last piece that you said there is 740 00:34:14,719 --> 00:34:17,320 Speaker 1: like the big thing, right Like I could literally go 741 00:34:17,520 --> 00:34:20,400 Speaker 1: by as many lotter tickets as I want, and the 742 00:34:20,560 --> 00:34:23,920 Speaker 1: chance of me winning anything is like pretty much zero. Um, 743 00:34:24,080 --> 00:34:25,759 Speaker 1: no regulations with that. I can go to Vegas, but 744 00:34:25,840 --> 00:34:27,239 Speaker 1: as much as I want there, So we can do 745 00:34:27,320 --> 00:34:29,080 Speaker 1: we can do all these things and blow as much money. 746 00:34:29,360 --> 00:34:31,120 Speaker 1: We know the odds are stacked against us in Vegas. 747 00:34:31,200 --> 00:34:34,080 Speaker 1: They don't disclose that to us clearly. But yet that's okay. 748 00:34:34,800 --> 00:34:37,839 Speaker 1: But yet we don't have the ability to put our 749 00:34:37,920 --> 00:34:40,560 Speaker 1: money into these other things. And and I just think 750 00:34:41,920 --> 00:34:43,880 Speaker 1: I read a couple weeks ago he came out with 751 00:34:43,920 --> 00:34:47,000 Speaker 1: this big statement, and you know their whole approach, and 752 00:34:47,080 --> 00:34:50,359 Speaker 1: really it's all of governments approach, really like um, you're 753 00:34:50,400 --> 00:34:53,320 Speaker 1: not smart enough and we need to make the decisions 754 00:34:53,360 --> 00:34:55,600 Speaker 1: for you. Like he's taking this role like he has 755 00:34:55,640 --> 00:34:57,160 Speaker 1: to protect us. It's like I don't need you to 756 00:34:57,200 --> 00:34:59,080 Speaker 1: protect You don't protect me, Like we can do it. 757 00:35:00,320 --> 00:35:02,839 Speaker 1: So it's like this is the thing, like they say 758 00:35:02,880 --> 00:35:05,879 Speaker 1: that they're protecting us. I don't feel protected though I don't. 759 00:35:05,920 --> 00:35:08,000 Speaker 1: I feel like you're telling me what I can't do. 760 00:35:08,320 --> 00:35:10,920 Speaker 1: I feel like you're telling me that I cannot improve 761 00:35:11,040 --> 00:35:14,160 Speaker 1: my quality of life because you don't like my lifestyle choices. 762 00:35:14,360 --> 00:35:17,200 Speaker 1: And it's not even a dangerous lifestyle choice. What what 763 00:35:17,480 --> 00:35:21,280 Speaker 1: is so bad about somebody who's living under the poverty 764 00:35:21,360 --> 00:35:24,879 Speaker 1: line that is able to put in a stable coin. 765 00:35:25,160 --> 00:35:27,960 Speaker 1: Let's just say the interest rate is nine ten percent 766 00:35:28,040 --> 00:35:29,920 Speaker 1: back for maths say to make it easy, and you're 767 00:35:29,920 --> 00:35:33,160 Speaker 1: earning ten dollars per week extra that you would had. 768 00:35:33,320 --> 00:35:36,320 Speaker 1: That is ten dollars, that is ten items at the center. 769 00:35:36,400 --> 00:35:37,799 Speaker 1: I used to have to shop at the ninety nine 770 00:35:37,840 --> 00:35:40,239 Speaker 1: center because it was so poor. And that's not a 771 00:35:40,320 --> 00:35:43,280 Speaker 1: bad thing at all. But I'm saying ten extra items 772 00:35:43,600 --> 00:35:46,160 Speaker 1: from the dollar store per week that could be that 773 00:35:46,239 --> 00:35:48,120 Speaker 1: can be a meal for a family. And that's all 774 00:35:48,160 --> 00:35:49,960 Speaker 1: that I'm saying. And I don't feel that that is 775 00:35:50,120 --> 00:35:52,839 Speaker 1: unsafe in any way, shape or form. I feel what's 776 00:35:52,920 --> 00:35:55,960 Speaker 1: unsafe is is that leaving my money in a bank, 777 00:35:56,120 --> 00:35:58,560 Speaker 1: knowing that it's being lent out and all the and 778 00:35:58,640 --> 00:36:01,480 Speaker 1: then the US government pretty money like it's nobody's business, 779 00:36:01,640 --> 00:36:04,040 Speaker 1: and me not knowing if the inflate inflation is going 780 00:36:04,080 --> 00:36:05,720 Speaker 1: to kick in and I can and my one dollar 781 00:36:05,840 --> 00:36:09,520 Speaker 1: that I have is now worth cents. That's what scares me. 782 00:36:09,600 --> 00:36:11,279 Speaker 1: And that's what I want to be protected against. The 783 00:36:11,360 --> 00:36:14,520 Speaker 1: US government printing money. Yeah, that's exactly right. And and 784 00:36:14,640 --> 00:36:18,360 Speaker 1: so you know, we we they're creating a competition and 785 00:36:18,400 --> 00:36:20,720 Speaker 1: which gives us. I believe competition gives us better product, 786 00:36:20,760 --> 00:36:23,279 Speaker 1: better service, better prices. But they don't want that. They 787 00:36:23,320 --> 00:36:26,120 Speaker 1: want us trapped in the system. But that's exactly what 788 00:36:26,239 --> 00:36:29,239 Speaker 1: bitcoin and cryptocurrencies are doing. They're giving us that life raft, 789 00:36:29,360 --> 00:36:31,680 Speaker 1: that outlet, which of course they want to seal off. 790 00:36:31,880 --> 00:36:33,960 Speaker 1: They're trying to do that with you know, minimum taxes, 791 00:36:33,960 --> 00:36:36,640 Speaker 1: globalmanium taxes where people don't move to other countries. They're 792 00:36:36,640 --> 00:36:39,200 Speaker 1: trying to do that by sealing off all the excess 793 00:36:39,400 --> 00:36:42,080 Speaker 1: and keeping us in there. And I think the more, 794 00:36:42,320 --> 00:36:46,040 Speaker 1: I hope, the more that people see the government saying basically, 795 00:36:46,560 --> 00:36:49,920 Speaker 1: you don't have the right to hold your money in 796 00:36:49,960 --> 00:36:53,320 Speaker 1: a way that we can't steal from you, like hopefully, 797 00:36:53,400 --> 00:36:56,279 Speaker 1: the more people see them saying that literally, the more 798 00:36:56,360 --> 00:36:59,239 Speaker 1: they'll want these things. Now, um, this is we're going 799 00:36:59,280 --> 00:37:01,120 Speaker 1: to wrap this show up. We've been going for almost 800 00:37:01,160 --> 00:37:04,239 Speaker 1: three hours here with my good friend Wendy Crypto Windy 801 00:37:04,280 --> 00:37:06,640 Speaker 1: Oh follow her on Twitter, look her up on YouTube 802 00:37:06,640 --> 00:37:09,000 Speaker 1: as well. I'm also one Mark Moss on Twitter. So 803 00:37:09,640 --> 00:37:11,800 Speaker 1: send us a message, asks a question. We'd love to 804 00:37:11,840 --> 00:37:13,680 Speaker 1: get back to you on that. Reach out to me, 805 00:37:13,840 --> 00:37:16,120 Speaker 1: reach out to me guys. I will generally respond and 806 00:37:16,160 --> 00:37:19,640 Speaker 1: if you send me an email, I will probably respond faster. Yeah. Yeah, 807 00:37:19,680 --> 00:37:22,000 Speaker 1: all right, Well that's it, Thanks so much. I'll see 808 00:37:22,000 --> 00:37:22,640 Speaker 1: you next week.