Speaker 1: Hey, welcome back. You're still listening to the Mark Moa
Speaker 1: show where I talk about bitcoin, I talk about cryptocurrencies,
Speaker 1: and I talked about the decentralized revolution, and of course
Speaker 1: each and every week, I'm bringing to you the asymmetric information,
Speaker 1: the information most people don't know, don't have, so you
Speaker 1: can have an edge of the market, so you can
Speaker 1: have the asymmetric upside of having that information. Now, we've
Speaker 1: been going over a lot of stuff so far today.
Speaker 1: If you're just tuning in, don't miss next week. Pull
Speaker 1: out your phone right now, set of calendar appointment for
Speaker 1: this time on this channel. I'm gonna be with you
Speaker 1: each and every week. But we've been talking about the
Speaker 1: debt ceiling, the FED printing a lot of money, um
Speaker 1: the catalyst that drive the price of bitcoin up. We
Speaker 1: talked about how it's back to the level it wasn't
Speaker 1: it's been about five months since it's been there, and
Speaker 1: really understanding that there's two factors that drive that. One
Speaker 1: network effects the amount of people coming in, but also
Speaker 1: the development that's going on. And so we talked about
Speaker 1: Bank of America coming on, bringing on more customers, more development,
Speaker 1: et cetera. But I have brought a good friend, an
Speaker 1: old friend into the studio with me. Right now. I
Speaker 1: got Windy. Oh, she's known as crypto Windy Oh on Twitter.
Speaker 1: Give her a follow, look her up, um, just crypto Windy. Oh.
Speaker 1: And anyway, Wendy, thanks for joining me. Mark, thanks so
Speaker 1: much for having me. I. You know, we've been friends
Speaker 1: for quite some time, and it's just so cool to
Speaker 1: come up with people that you love and come up
Speaker 1: with like awesome people to surround yourself with. It's like
Speaker 1: it's a great thing because if I never need anything,
Speaker 1: I can call you on the phone. Hay Mark, Hay Mark,
Speaker 1: can you help me with this? What do I do
Speaker 1: with this? And You're like, hey, calm down, it's okay,
Speaker 1: we can do so just thanks for being you. Yeah,
Speaker 1: that's that's awesome. You know, we've both been working hard
Speaker 1: over over a long number of years now and uh,
Speaker 1: just for everybody listening, she just got done doing a
Speaker 1: segment on Fox News, and uh, I was lucky to
Speaker 1: snag her right after she was done on Fox News.
Speaker 1: So so she's doing out big things as well. What
Speaker 1: were you guys talking about on Fox News? Well, we
Speaker 1: talked a little bit about our good friend Bitcoin's good
Speaker 1: friend Peter Schiff, because Peter Schiff is apparently mining gold
Speaker 1: at Nottsberry Farm and southern California, And I know you
Speaker 1: guys can get that joke with a little a little
Speaker 1: thing over there. So we talked a little bit about
Speaker 1: Peter Schiff and then um, we also talked about, you know,
Speaker 1: how to how to kind of spot some crypto gems
Speaker 1: and whatnot. Yeah, yeah, Peter Schiff is a is a
Speaker 1: funny story. You know, it's uh, it's it's funny. It's
Speaker 1: maybe a little bit sad. Um. You know, when I
Speaker 1: kind of I made a lot of money and in
Speaker 1: two thousand and eight I got wiped out. Um, I
Speaker 1: knew how to make money, but I didn't understand this
Speaker 1: financial system. And so when I started learning, like Peter
Speaker 1: Schiff was like very instrumental in helping me figure out
Speaker 1: why we need to sound money. Him and Mike Maloney
Speaker 1: were both both a piece of that. And and from
Speaker 1: like an Austrian um economist side, like he gets it.
Speaker 1: He understands the problems of the financial system, but he
Speaker 1: just won't give up on gold, I guess for whatever reason,
Speaker 1: and it's not working well. I think I think what
Speaker 1: it is is Peter is a very smart man, and
Speaker 1: a lot of people on social media they're marketers. That's
Speaker 1: that's that's the name of the game. And Peter has
Speaker 1: is found that by being an enemy of bitcoin, it
Speaker 1: is bringing him attention, it is bringing clout, it is
Speaker 1: bringing clicks, it's bringing revenue in. So why wouldn't you
Speaker 1: want to start a a internet beef with with with bitcoin? Well,
Speaker 1: I think that's I think you're right on the mark
Speaker 1: with that, and and there's a number of people that
Speaker 1: are trying to do the same thing that Hanky's kind
Speaker 1: of doing the same thing as well. But what's interesting
Speaker 1: with Schiff is, I mean he runs a gold company,
Speaker 1: and so you know gold was money for five thousand years.
Speaker 1: Now the money follow the money, right. But but what's
Speaker 1: interesting about that is, as I'm just thinking through it
Speaker 1: is gold, gold is money for five thousand years. Now
Speaker 1: Bitcoin is kind of becoming the store value. So he's
Speaker 1: he sees that kind of attack on his gold for example. Um,
Speaker 1: but if he kept the attack on what the Feds doing,
Speaker 1: then it keeps it could still kind of make gold
Speaker 1: look good. But when he keeps making gold compared to bitcoin,
Speaker 1: all it does is make it worse. Right, Well, this
Speaker 1: is the thing. He has a personal interest in gold
Speaker 1: for multiple reasons. He's invested, he's got the company, he's
Speaker 1: got the courses, he's got all these things. And he
Speaker 1: also sees all of the interaction on Twitter, on social media,
Speaker 1: all the backlash because, let's face it, bitcoin maximalist, I
Speaker 1: respect their right to be so passionate about something, but
Speaker 1: some of them can be a little bit toxic, and
Speaker 1: he knows how to poke, to push their buttons and
Speaker 1: rile them up. That's why he's doing it. And at
Speaker 1: the end of the day, people humans, they have personal
Speaker 1: areas of interest, and his personal area of interest is
Speaker 1: himself and his company and his money. Therefore, he's doing
Speaker 1: all of this fighting back and forth with the maximalist
Speaker 1: because it gets traction, is getting interaction, and it's worked
Speaker 1: out very well for him. So why why side with
Speaker 1: the bitcoin maximalist when he can simply continue to build
Speaker 1: his wealth and his brand on the hostility. Yeah, and
Speaker 1: and and and your right on that. And that's unfortunately,
Speaker 1: it's unfortunately that's the way that engagement really gets going today, right,
Speaker 1: is inciting that kind of anger, and really that us
Speaker 1: versus them mentality. And so if they can put bitcoin
Speaker 1: against gold, now I would like for bitcoin and gold
Speaker 1: people to both rally against the government. That would seem better, um,
Speaker 1: but it would also make gold look better because he
Speaker 1: could at least kind of argue that it's held as
Speaker 1: purchasing power. But again, comparing it to gold hasn't been
Speaker 1: Have you seen some of the stuff his son has
Speaker 1: been tweeting out? You know what, again, it's a very
Speaker 1: it's it's a marketing tactic. What they're doing is a
Speaker 1: marketing tactic. So that's why one of the I'm going
Speaker 1: to drop a piece of alpha for the audience. The
Speaker 1: biggest piece of alpha I could drop for you is
Speaker 1: follow the money and don't necessarily believe everything you see
Speaker 1: on the internet. Listen to different people, listen to what
Speaker 1: they're saying, but make your own assumptions because a lot
Speaker 1: of theatrics go on. Back in the day, we used
Speaker 1: to go watch plays and we used to see people perform.
Speaker 1: Then we went to the movies. There's different areas of entertainment,
Speaker 1: but now all of the entertainment we see has all
Speaker 1: done on line. Twitter is a stage. Yeah, and so
Speaker 1: you know it's interesting before the Internet, it was the
Speaker 1: problem was getting the information. Today is we have too
Speaker 1: much information, so now it's like trying to discern the information.
Speaker 1: So um, the problem has changed. But yeah, it's it's
Speaker 1: a it's a different skill set unfortunately that most people need.
Speaker 1: I agree. I agree, And it's it's kind of hard
Speaker 1: to filter out information like what is real, what isn't real,
Speaker 1: and then finding that in the middle and the media
Speaker 1: and people like Peter schi if they know how to
Speaker 1: play on our emotions, they know how to play on
Speaker 1: things that are near and dear to our hearts, and
Speaker 1: that's what he does with the Maximalists. And you know,
Speaker 1: it's kind of comical times, like I just sit back
Speaker 1: and I'm like, you know what, I see what you're doing.
Speaker 1: I see you over there, and I just don't even
Speaker 1: comment anymore. And it's just it's just it's just all
Speaker 1: it's all for the lulls. So um. You know we've
Speaker 1: been talking about, like I said, I was talking about
Speaker 1: the the debt ceiling, I'm talking about how the more
Speaker 1: money they print, the more you know, the less the
Speaker 1: purchasing power goes down, which is these are factors, which
Speaker 1: is why, um, what you store your wealth and matters
Speaker 1: and why bitcoin goes up. I've talked about the the adoption,
Speaker 1: you know, like I like I kind of wrapped it
Speaker 1: up for you with US Bank bringing on custody. We
Speaker 1: talked about there's potentially an e t F that they
Speaker 1: say has a seventy chance of coming on online. I
Speaker 1: think they're e gauging that through the betting markets kind
Speaker 1: of scene where that's going. And so really in these
Speaker 1: new technologies, it's about seeing the network effects grow. So
Speaker 1: that's the users and then also development and so these
Speaker 1: new features and stuff like that, and and that that's
Speaker 1: the stuff that I like to look at. I was
Speaker 1: saying that I think some of this short term this
Speaker 1: price is a is a distraction a little bit. And
Speaker 1: I say that for me personally, and I want to
Speaker 1: I want to bring you onto counter this for people
Speaker 1: that are listening, because, um, you know, for me, I mean,
Speaker 1: I'm busy, I'm working, I gotta I got a business,
Speaker 1: I got a family, and so I'm kind of like
Speaker 1: this long term investor. I always kind of have been.
Speaker 1: And so I think in things in terms of years. Typically,
Speaker 1: I mean I got my teeth cut in real estate
Speaker 1: development and those were two or three year product X,
Speaker 1: So like that's kind of time frames I look at.
Speaker 1: So the short term price I it's too much distraction
Speaker 1: for me, but I know that you keep up with that,
Speaker 1: and so I'd like to talk about that a little bit,
Speaker 1: um and and you can fill us in a little
Speaker 1: bit on that short term price action because I know
Speaker 1: that you're an expert in that. UM and so we
Speaker 1: were talking about how, you know, bitcoin just popped up
Speaker 1: to fifty five thousand, which I think it's been about
Speaker 1: five months since it's been there. UM, before you tell
Speaker 1: us where you think it is, what's going to happen next,
Speaker 1: because I know you've got the crystal ball. Before you
Speaker 1: tell us that, I wanna pause for one second. When
Speaker 1: we get back, I want you to then explain to
Speaker 1: us where you think it's going to go, because I
Speaker 1: know you have a good edge with that, and so
Speaker 1: people want to stay up with that real quick. If
Speaker 1: you're listening in you're listening to the Mark Mo Show,
Speaker 1: I'm talking about bitcoin, I'm talking about cryptocurrencies. I'm talking
Speaker 1: about the digital revolution to decentralized revolution. I'm on with
Speaker 1: my good friend crypto Windy. Oh. If you're on Twitter,
Speaker 1: giver a follow, follow me one Mark Moss, send us
Speaker 1: both a tweet, ask us a question and we'll answer
Speaker 1: it for the show for next week. UM, So follow
Speaker 1: us on those places, and like I said, get out
Speaker 1: your phone right now, put out a calendar reminder and
Speaker 1: set this time and the station that you're on, so
Speaker 1: you can tune with me each and every week and
Speaker 1: we'll be right back with crypto Windio to find out
Speaker 1: what is going to happen with the bitcoin price action
Speaker 1: when we come back. All right, welcome back. You're listening
Speaker 1: to the Mark Mos Show. We're talking about bitcoin, We're
Speaker 1: talking about cryptocurrencies. We are talking about the decentralized revolution,
Speaker 1: and I've been talking about uh for the for this
Speaker 1: whole show. Now I'm talking about these big fundamental factors
Speaker 1: why it's pushing bitcoin up. But I'm here with my
Speaker 1: good friend crypto Windy Oh. Find her on Twitter at
Speaker 1: crypto Windy Oh. Give her a follow, um, and she
Speaker 1: is kind of an expert on looking at this price
Speaker 1: action on shorter time frames, and so Crypto Windyo with Windy,
Speaker 1: we're we're back up above around. We haven't been there
Speaker 1: for I don't know five months. I think at this point, Um,
Speaker 1: what are you seeing in the price action? I guess
Speaker 1: at this point. So this is the thing they're like,
Speaker 1: people get so excited and they get so fixated on price,
Speaker 1: and I get it. But if you're not like somebody
Speaker 1: like yourself, that's like in this for the long haul,
Speaker 1: long term investor, you don't have to be so concerned
Speaker 1: on the price. Like if if you believe in something
Speaker 1: dollar cost average weekly or dollar cost average or whatever.
Speaker 1: A lot of people tend to forget that when you
Speaker 1: work like a traditional line to five. I don't anymore.
Speaker 1: But when you work at nine five, you pull money out,
Speaker 1: you have your company or whoever it is, automatically put
Speaker 1: it into a four oh one K or I ra
Speaker 1: A or whatever traditional financial product there is. And that's
Speaker 1: essentially dollar cost average, and you're letting somebody else manage
Speaker 1: your money. But with bitcoin, we get to do ourselves,
Speaker 1: so people tend to and when your dollar cost averaging you,
Speaker 1: it takes the emotions out. It takes the emotions out
Speaker 1: because you're just dumping money in and you're looking way.
Speaker 1: But as far as with bitcoin today, yes we are
Speaker 1: close to that area. We did have a bit of
Speaker 1: a pullback which we discussed on my YouTube show because
Speaker 1: I do daily technical analysis Sunday night live streams. But
Speaker 1: we're seeing a lot of people get very excited about
Speaker 1: like this price. It's like, oh my god, Oh my god.
Speaker 1: And you can also see, like on the Twitter feed,
Speaker 1: you can see you can tell when bitcoin is green
Speaker 1: because everybody's happy. And then when bitcoin is read and
Speaker 1: we get a red candle, it's like it's the end
Speaker 1: of the world. So me personally, like, unless I'm going
Speaker 1: to get into a scalp or a longer term swing
Speaker 1: trade or whatnot, I'm i focus on price because it
Speaker 1: determines what I'm gonna do with my all coin investments.
Speaker 1: But at the same time, it's not something that's going
Speaker 1: to drive me crazy. And I know we're seeing a
Speaker 1: lot of crazy predictions. We have people. I want to
Speaker 1: say it was Bobby Lee. He came out and said
Speaker 1: two thousand dollar bitcoin en stuff like that's ridiculous. It's
Speaker 1: absolutely ridiculous because the amount of capital that would need
Speaker 1: to flow into bitcoin would need to be pretty significant. Yes,
Speaker 1: you can track that with John chain analytics and with
Speaker 1: wallet addresses, etcetera. But realistically, people are going to invest
Speaker 1: and they're going to trade when they want to trade.
Speaker 1: So as far as like this, this notion about being
Speaker 1: obsessed with price, you don't do that with your four
Speaker 1: oh one K. I doubt many of you. Like how
Speaker 1: many times Mark, have you ever had a four O
Speaker 1: one K? I do, yeah, and I never check it
Speaker 1: and never look at it. Okay, see you don't check in,
Speaker 1: And I can guarantee a lot of the audience resonates
Speaker 1: with that you have four O one K. Only time
Speaker 1: you check it is when you get those scoofy silly
Speaker 1: print outs from your job. Whatever. I never did. I
Speaker 1: was like, I'm throwing this out. I would throw them out.
Speaker 1: So as far as Bitcoin, I'm very optimistic for quarter four.
Speaker 1: I'm opten, very very optimist supercore four, but one of
Speaker 1: the things I want to drop, and then the panic's
Speaker 1: another piece of alpha. This bull run is different than
Speaker 1: the other bull runs, and this is gonna be a
Speaker 1: little bit of fundamental aspects coming in. We have n
Speaker 1: f T s that are fully functioning, we have defy
Speaker 1: ecosystems that are fully functioning, and we have crypto projects
Speaker 1: that have actually created viable ecosystems that are functioning. We
Speaker 1: didn't have that, and I'm noticing that money is fulling
Speaker 1: from n f t s to defy two all coins
Speaker 1: tow Bitcoin, rinse and repeat, and I feel like that
Speaker 1: is essentially helping to keep Bitcoin propped up, which is outstanding.
Speaker 1: It's a beautiful eCos system. But as far as price action,
Speaker 1: I you know, even if we were to drop down
Speaker 1: to thirty dollars again, which I doubt that's going to
Speaker 1: happen this quarter, but if we do, I'm still bullish
Speaker 1: and we're still in a bull run. I still think
Speaker 1: that we are still in a bull run, and I
Speaker 1: do think that we are going to see eight five
Speaker 1: to about a hundred thousand dollar bitcoin. Wow, I've been
Speaker 1: I've been saying that. You know, I try to I
Speaker 1: try to remain conservative, um kind of to your point
Speaker 1: about Twitter, kind of almost schizophrenic based off of where
Speaker 1: the price is. Because the price is so volatile, and
Speaker 1: I've been doing this for so many years. I try
Speaker 1: to really limit myself. I don't want to get too
Speaker 1: excited when the price goes up, because then I don't
Speaker 1: want to get too depressed if it goes back the
Speaker 1: other way. So I just try to be like, you know, uh,
Speaker 1: if I if I set my long term time frames
Speaker 1: and that doesn't really matter what happens in the short term.
Speaker 1: But yeah, I've been saying I think about a hundred
Speaker 1: thousand by the end of the year. Um. But of course,
Speaker 1: I mean it's anybody's guess. Um. One thing I hear
Speaker 1: from a lot of people, and I'd like to get
Speaker 1: your opinion on this. UM. One thing I hear from
Speaker 1: a lot of people is they say, UM, you know,
Speaker 1: I've learned. I've learned from these you know for the
Speaker 1: last bowl market, and this time I'm going to sell
Speaker 1: at the top and then I'll buy. They didn't. No, no,
Speaker 1: they didn't, No, no, nothing, they didn't. But they're saying
Speaker 1: now that I learned, so that they didn't know. But
Speaker 1: what I'm saying is no, they did not learn. And
Speaker 1: the reason the reason why they did not learn. I
Speaker 1: am very active on TikTok, I'm active on YouTube, I'm
Speaker 1: active on Twitter, I'm active on all these social media
Speaker 1: platforms is my job. And the type of comment like
Speaker 1: I made a video saying I am going to be
Speaker 1: selling about six of my crypto portfolio. As you know,
Speaker 1: I'm gonna I'm gonna continue to do that when I
Speaker 1: say I'm selling, I'm just taking profit on the way up.
Speaker 1: I'm putting those into stable coins, I'm putting those onto
Speaker 1: D five platforms and earning paths of income. The reason
Speaker 1: why I'm doing this is because I'm minted bigating my risk.
Speaker 1: I do a lot of technical analysis, and technical analysis
Speaker 1: is a tool that we can use to time the market.
Speaker 1: But at the same time, there's other things that impacted,
Speaker 1: like emotions and psychology and just how I'm feeling that day.
Speaker 1: That's why I'm taking profit on the way up. But
Speaker 1: a lot of people are not doing that. And I
Speaker 1: see it because they call me all kinds of things
Speaker 1: and my mentions and my comments, and I'm like, you
Speaker 1: know what, you don't want to mitigate risk. Don't mitigate risk.
Speaker 1: That's on you. But this is my income. This is
Speaker 1: how I live, that is how I pay my bills.
Speaker 1: So I'm gonna be mitigating my risk. But they're not
Speaker 1: doing that. They're they're not. And you can't time the
Speaker 1: market perfectly. If you can time the market, if you
Speaker 1: can time bitcoin within five thousand dollars of all time high,
Speaker 1: you did good, You did really really good. Well. The
Speaker 1: problem is is that we you know, when you look
Speaker 1: at a chart, because so volatile, you see these huge
Speaker 1: peaks and valleys and you look at and go, oh,
Speaker 1: I didn't I should have just sold right there, and
Speaker 1: then I would have bought back in right there. But
Speaker 1: the problem is you don't know when that top is
Speaker 1: the bottom is until you're looking backwards at it, and
Speaker 1: so like the hindsight kind of thing, but the reality
Speaker 1: is we don't know, and there's so many other factors
Speaker 1: that play in. One thing that's cool with bitcoin I
Speaker 1: was talking about earlier, different than any other market is
Speaker 1: that we have on chain analytics, and so the on
Speaker 1: chain analytics are are helpful at least a little bit
Speaker 1: to kind of see are the big whales buying, the
Speaker 1: big addresses buying? Is that the small retail buying? Like
Speaker 1: who's selling? Um? Do you do? You look at that
Speaker 1: kind of stuff? Um? I pay attention to it, but
Speaker 1: not super heavily because the way my mind works is
Speaker 1: I like to focus on technical analysis, and the reason
Speaker 1: why is because it helps me. If I'm looking at
Speaker 1: too many things, my mind is like, Okay, well what
Speaker 1: about this? What about this? What about that? So I
Speaker 1: tend to not do as well. But when I cover
Speaker 1: things on my show, we sometimes do look at on
Speaker 1: chain analytics our analysis. And the reason why that's so
Speaker 1: important is because when we're looking at traditional financial products,
Speaker 1: like people use a Bloomberg terminal, that's what you use,
Speaker 1: and with bitcoin, we don't have a Bloomberg terminal, Like
Speaker 1: we don't really have quarterly reports, we don't have income
Speaker 1: statements or whatever they use for that. That's silly, goofy
Speaker 1: traditional finance stuff. But with bitcoin, on chain analytics are important.
Speaker 1: Mining economics are important. When are the miners taking profit,
Speaker 1: you prop you kind of want to pay attention to
Speaker 1: that stuff because they're the ones that are doing the
Speaker 1: O t C deals like they have to sell. So
Speaker 1: we need to look at on chain analytics, We need
Speaker 1: to look at mining economics. We need to look at
Speaker 1: liquidations when it comes to exchanges because there's a lot
Speaker 1: of people that are taking out these big positions and
Speaker 1: you can track all that stuff. So it's important to
Speaker 1: focus on all of these different aspects because even with
Speaker 1: the chain analytics, you can see when the whales are fine,
Speaker 1: but you can also see how many wallets have been dormant,
Speaker 1: who's holding et cetera. And that's a beauty of blockchain technology. Yeah. Yeah,
Speaker 1: it definitely changes a lot of things. I know. UM,
Speaker 1: over here on in Puerto Rico of one of my
Speaker 1: one of my new best friends, I've only made two,
Speaker 1: so he fits there. But he runs a hedge fund
Speaker 1: and he's you know, he's trading different assets and he's
Speaker 1: not really into bitcoin, but I keep telling on them, like, man,
Speaker 1: the data that you have there, it really changes everything. UM,
Speaker 1: I want to get into um some things about you
Speaker 1: mentioned earlier, like scalp trading, swing trading, and um this
Speaker 1: kind of new batch of these TikTok traders and stuff.
Speaker 1: So we're gonna talk about that when we get back. Um,
Speaker 1: you are listening to the Mark Moss Show. We're talking
Speaker 1: about bitcoin, cryptocurrencies, the decentralized Revolution. I am here with
Speaker 1: Crypto Windy. Oh give her a follow on Twitter Crypto
Speaker 1: Windy O. Um, of course I am one Mark Moss
Speaker 1: on Twitter. So send us some messages. We'd love to
Speaker 1: hear from you and we'll be right back. Hey everyone,
Speaker 1: welcome back. You are listening to the Mark Moss Show.
Speaker 1: We're talking about bitcoin. We're talking about cryptocurrencies and the
Speaker 1: decentralized revolution. Literally the biggest wealth transfer we have ever seen,
Speaker 1: the biggest one you will ever see. And the way
Speaker 1: to take advantage of it, the way the profit from
Speaker 1: it is to have asymmetric information. That means information that
Speaker 1: most people don't have, which is why you need to
Speaker 1: tune in with me h and every week, UM with
Speaker 1: my good friend Wendy UM. You can find her on
Speaker 1: Twitter at crypto Windy. Oh she's on YouTube as well,
Speaker 1: so make sure to give her a follow, send her
Speaker 1: a message telling you heard her here on the show. UM.
Speaker 1: And before before the break, she had mentioned something about
Speaker 1: you know, swing trading and um scalpel trading and all
Speaker 1: these different techniques. UM. And she also mentioned like her
Speaker 1: audiences on social media, like TikTok for example. And we've
Speaker 1: seen over the last year really since the pandemic broke out,
Speaker 1: we've seen the rise of the robin hood trader and
Speaker 1: now the TikTok trader kind of thing. And UM, I
Speaker 1: see all these people coming into the space and they
Speaker 1: want to quit their job and they want to be
Speaker 1: a full time trader. I'm not on TikTok like you are,
Speaker 1: but give us a little bit of the landscape because
Speaker 1: the stories that I hear, and I don't have first
Speaker 1: time experience with the stories I hear. It seems pretty dangerous.
Speaker 1: Seems like there's a lot of bad information going on
Speaker 1: around out there. This is the thing. TikTok is a
Speaker 1: great platform. You can get a lot of information that
Speaker 1: you may not see on social media or media outlets,
Speaker 1: whatever it is. So TikTok does have a lot of
Speaker 1: really great things there. However, there are some issues and
Speaker 1: the issues there issues that can arise is that there's
Speaker 1: a lot of misinformation. The misinformation is is like I
Speaker 1: made this much money in crypto, I did this, or
Speaker 1: I did that, or I'm putting you know, twenty dollars
Speaker 1: into um coin X, Y and Z that is trading
Speaker 1: at fifty Setoshi's and once it goes to a dollar,
Speaker 1: I'll become a trillionaire. That type of stuff is ridiculous
Speaker 1: and a lot of people this is the thing. The
Speaker 1: way our minds have evolved is that we are generally
Speaker 1: prone to believe anything that we see without doing research
Speaker 1: because we're not taught to do research in school. We're
Speaker 1: not taught to a lot of our parents. You know,
Speaker 1: we're busy raising us as kids. They didn't really you know,
Speaker 1: kind of hone in hard like got to do your
Speaker 1: own research or you know, not just not just that,
Speaker 1: but even today we're seeing uh literally like the propaganda
Speaker 1: coming out about you know, the whole pandemic thing. They're saying,
Speaker 1: don't do your own research, like they're saying, it's dangerous
Speaker 1: to your own research. And then they're virtue signaling now
Speaker 1: it's virtuous to outsource your thinking to experts. Don't think,
Speaker 1: just listen to the experts. So to your point, we
Speaker 1: weren't taught it and now they're even discouraging it. Well,
Speaker 1: let me tell you something. I worked in healthcare, which
Speaker 1: in HIV AIDS for seven years, managing and coordinating patient
Speaker 1: care and probably you want to know the fund And
Speaker 1: one of the most interesting things that I saw in
Speaker 1: my healthcare profession I saw doctors and pharmacists googling information,
Speaker 1: googling information. The fact that these people are experts and
Speaker 1: they're having to google information that you can google yourself.
Speaker 1: That tells me a little bit about everything. And that's
Speaker 1: all I'm gonna say about that. Well, true, true, true
Speaker 1: story on that for a second. I mean we're going
Speaker 1: off topic here, but this is a true story. My
Speaker 1: sister is an e R doctor and she was working
Speaker 1: in her hospital I'm not going to mention where um
Speaker 1: and unfortunately is in California, and it was understaffed and
Speaker 1: they just couldn't get this hospital running right. And uh
Speaker 1: it was I think late at night, overnight shift, and
Speaker 1: she had a patient come in with like a whatever
Speaker 1: the devices that keep your heart running. I forget um
Speaker 1: what it's called. Remember that she couldn't get the cardiologist
Speaker 1: to come in, like it was like late at night,
Speaker 1: and he wasn't answering, he wouldn't come in whatever, Like
Speaker 1: the patient's going to die, and she literally went on
Speaker 1: YouTube and found a video of how to like rewire
Speaker 1: it or whatever and did it off of a YouTube
Speaker 1: video save the person's life. But anyway, to your point,
Speaker 1: it wasn't It wasn't Google, but it was YouTube the
Speaker 1: same thing. But yeah, but and that that's the thing
Speaker 1: is like I mean, and this this kind of goes
Speaker 1: back to bitcoin and the ethos a bitcoin about being
Speaker 1: a freethinker, about being self sovereign, about being free and
Speaker 1: you need to ask questions like like the way I
Speaker 1: learned about bitcoin was by doing my own research and
Speaker 1: like educating myself and it's okay to ask questions. It's
Speaker 1: okay to think for yourself. If you're doing in a
Speaker 1: respectful manner, you're like, hey, I just want to know
Speaker 1: more about this. That's okay. And if you're listening to this,
Speaker 1: don't let anybody discourage you. That's on being educated, that's
Speaker 1: on taking responsibility for your own actions, and that's on
Speaker 1: you wanting to improve your quality of life. So somebody
Speaker 1: is making you feel bad for not educating yourself, that's
Speaker 1: on them. That's not on you, And that's probably not
Speaker 1: somebody I would associate with. But back to the whole
Speaker 1: TikTok thing. TikTok screat you get a lot of great information.
Speaker 1: My videos that are informative, they do, they get less
Speaker 1: views than the ridiculous ones. And people the one the
Speaker 1: videos that get the most traction are people making crazy money,
Speaker 1: flexing gains, doing all this ridiculous stuff. I saw some
Speaker 1: kid he was selling like He's like, I made this
Speaker 1: I made in ethereum by putting putting the sign up
Speaker 1: with the QR code and telling people they can use
Speaker 1: my hose for some ethereum and I'm gonna leave this
Speaker 1: stand here. And they're gonna give pay me an ethereum
Speaker 1: and like it was all cap it was all fake.
Speaker 1: But it's like, don't believe everything you see on the internet.
Speaker 1: Trading is hard, Scalping is hard, swing trading is hard.
Speaker 1: Investing is hard. That's why we don't have a lot
Speaker 1: of people. That's why the majority of the population doesn't
Speaker 1: do it. So if you see somebody making easy money,
Speaker 1: they're probably not giving you the full picture. And also
Speaker 1: be weary of those people with Reugh links in their
Speaker 1: bio or courses in their bio. Again, I have nothing
Speaker 1: against that, but at the same time, if this person
Speaker 1: is saying I'm making all this money, I have all
Speaker 1: this wealth and you can do it here, that's a
Speaker 1: little bit concerning to me. Yeah, I had, I've never been.
Speaker 1: I mean, I guess I'm a gambler because I'm investing
Speaker 1: and I'm building businesses, which is always risky. Um. But
Speaker 1: being in southern California growing up there, I had you know,
Speaker 1: Vegas was always close by, and we'd go out to
Speaker 1: Vegas on a pretty regular basis for for a while there,
Speaker 1: and some of my friends would have like v I
Speaker 1: p at at whatever casino right because they'd go and
Speaker 1: they'd gamble a ton of money, and they would have
Speaker 1: times where they came home, you know, fifty grand, a
Speaker 1: hundred grand they won, and as glamorous that is, there's
Speaker 1: even more trips where they lost thirty fifty grade. Nobody
Speaker 1: talks about their losses. Mark. That's the thing is like,
Speaker 1: I'll talk about my losses, like I've had some pretty
Speaker 1: big losses in crypto um, either with a portraiting plan
Speaker 1: or because I did something that was ridiculous like or
Speaker 1: you know, whatever stuff happens. But at the same time,
Speaker 1: nobody's sharing their losses, Like people like, look at my algy.
Speaker 1: My body is doing X, Y and z. It's like, okay,
Speaker 1: but I want to see your losses because the body
Speaker 1: isn't No body is a percent accurate. Like if getting
Speaker 1: rich was so easy, everybody would be rich, and not
Speaker 1: a lot of people are rich. The other the other
Speaker 1: thing about that too is that um, you know, a big,
Speaker 1: big problem that I see is that you know, the
Speaker 1: professional investors of the world, well, let's say the TikTok
Speaker 1: investors of the world, most in esters, most people that
Speaker 1: come into it, all they think about is the gains,
Speaker 1: the potential gains. How much money I can make. Whereas
Speaker 1: professional investors, the Wall Street investors, they're always trying to
Speaker 1: manage the downside. It's a totally different game. They build
Speaker 1: wealth by not losing wealth as opposed to trying to
Speaker 1: swing for the fences all the time. And so just
Speaker 1: that shift alone, I think is is massive to get.
Speaker 1: That's actually really good. Um, that's a really good point
Speaker 1: you brought up, Mark, because I am I have this
Speaker 1: term that I use that somebody in crypto, like a
Speaker 1: good family friend of mine, taught it to me a
Speaker 1: long time ago. But it's a moon bag. And whether
Speaker 1: it's bitcoin or crypto, a moon bag, or any type
Speaker 1: of investing, it's mitigating glosses. It's when you're in profit
Speaker 1: and you take out your initial investment and you take
Speaker 1: out your profit, you pay yourself. You take that profit
Speaker 1: and you compound it, you roll it, roll it over
Speaker 1: into something else, and you rinse and repeat this over
Speaker 1: and over again. And each particular bag you have, or
Speaker 1: maybe you just doing this to accumulate more bitcoin, whatever
Speaker 1: it is, but each particularly each time you do that,
Speaker 1: you're owning something free and clear essentially because you've paid yourself,
Speaker 1: you've taken out your disposable income, and you're able to
Speaker 1: have free capital to continue to do this over and
Speaker 1: over again. And when you own something fretety clear. If
Speaker 1: it goes to the moon, fantastic. If it goes to zero,
Speaker 1: you've already paid yourself also too. You want to manage
Speaker 1: the downside. We are in a very amazing time for bitcoin,
Speaker 1: for crypto as a whole. But at the same time,
Speaker 1: and Mark you've been through bear markets, you know, you know,
Speaker 1: a lot of the stuff, this stuff, a lot of
Speaker 1: a lot of the stuff goes to zero. Bitcoin is
Speaker 1: not going to go to zero, but a lot of
Speaker 1: all coins go to zero. Take your take some take
Speaker 1: some money off the table, put it in a stable coin,
Speaker 1: toss it into Celsius or Blockfire, Voyager or you know,
Speaker 1: f TX, whatever it. Maybe toss it into a place
Speaker 1: where you can get some passive income. But if you're
Speaker 1: sitting there and you're not managing the downside, or not
Speaker 1: even thinking about the downside, that's a serious problem. Because
Speaker 1: let's face it, bitcoin is a beautiful thing. It's a
Speaker 1: beautiful thing. But what happens if you know, we don't
Speaker 1: know what the future holds. What it's a very new asset,
Speaker 1: what what do How long has bitcoin been around? Twelve years?
Speaker 1: Ten years? Yeah? Not not not that long. It hasn't
Speaker 1: been around forever. And as bullish as I am, I
Speaker 1: can't go a hundred percent in because I got wiped
Speaker 1: out in two thousand and eight for making that mistake
Speaker 1: and I can't make that same mistake again. Now. UM,
Speaker 1: you are listening to the Mark mos Show. I'm here
Speaker 1: with crypto Windy O Finder on Twitter and YouTube crypto Windio. UM.
Speaker 1: We are talking about bitcoin cryptocurrencies, the decentralized revolution. I
Speaker 1: want to talk about you mentioned just now stable coins, UM,
Speaker 1: and there's a lot of regulations happening with stable coins.
Speaker 1: Some of that you mentioned Black five Celsius, they're coming
Speaker 1: under fire. I want to talk about that because there's
Speaker 1: some stuff that people need to be aware of. UM.
Speaker 1: So we'll be right back with that. All right, Welcome back.
Speaker 1: You are back with Mark Moss on the Mark ma Show.
Speaker 1: We're talking about bitcoin, cryptocurrencies, the decentralized Revolution. I'm trying
Speaker 1: to bring you the asymmetric information, the information that most
Speaker 1: people don't have, so you have an edge always whenever
Speaker 1: you're competing, whenever you're investing. You need to have an edge,
Speaker 1: and your edge is having this information that most people
Speaker 1: don't have because they're not paying attention. So make sure
Speaker 1: set your calendar. Come back each and every week at
Speaker 1: the same time on the same channel. I'm here with
Speaker 1: my good friend crypto Windy. Oh find her on Twitter,
Speaker 1: crypto Windio and on YouTube as well. She's a wealth
Speaker 1: of information, a really good friend, and so Wendy. Before
Speaker 1: we took that break, we were talking about I wanted
Speaker 1: to kind of transition and do something you had said.
Speaker 1: I mean, you talked about, you know, taking profits and
Speaker 1: putting them into stable coins um and then you talked
Speaker 1: about you putting those stable coins onto Celsius or Block
Speaker 1: five to earning yield on those. Now I have I
Speaker 1: say over and over, I don't take profits on bitcoin.
Speaker 1: I don't ever plan to sell my bitcoin. My goal
Speaker 1: is to never send my bitcoin. My goal is to
Speaker 1: borrow against my bitcoin if I ever need that money.
Speaker 1: UM but I do use stable coins in different ways,
Speaker 1: so I believe that holding cash is important. I believe
Speaker 1: that um cash is should be one of my allocations.
Speaker 1: UM but I don't like my cash sitting there doing nothing,
Speaker 1: so I like to take some of that cash, put
Speaker 1: it into stable coins and earn a yield on it.
Speaker 1: So I I do that as well for different reasons. UM,
Speaker 1: But lately we've been seeing that there's, uh, these these
Speaker 1: platforms that are paying these yields out are coming under
Speaker 1: a lot of fire, specifically Celsius and block Fire. I'd
Speaker 1: like to get your take on that. Um. It almost
Speaker 1: seems like to me, Um, the government hates competition, and
Speaker 1: so it's like the banks are paying like zero point
Speaker 1: zero one percent interest, they're paying seven or eight They
Speaker 1: don't want that. What are you seeing on these regulations
Speaker 1: and what do you think about that? Um? These regulations
Speaker 1: are happening, they're cracking down on these exchanges because it
Speaker 1: is competition against the bank. Why would you Okay, let's
Speaker 1: let's talk about this. Let's let's first talk about the banks.
Speaker 1: You go to a bank, the banksters. Let's talk about
Speaker 1: the banksters, the fancy suits. You go to a bank,
Speaker 1: they make you sit there for hours to open an account. Okay, fine, great,
Speaker 1: you deposit your money into the bank. The bank then
Speaker 1: charges you a monthly service fee. And some people, you know,
Speaker 1: you're able to mitigate that if you make a certain
Speaker 1: amount or if you keep a certain certain balance. Let's
Speaker 1: face it, there's a lot of Americans that don't even
Speaker 1: have five in a savings account for emergency fund. And
Speaker 1: you know, that's that's another topic for another day. But
Speaker 1: at the same time, and that is essentially targeting people
Speaker 1: that are poor. And I grew up poor, so I'm
Speaker 1: gonna I'm talk about being imported. I'm gonna use that
Speaker 1: term port grow very, very poor. So what they're doing
Speaker 1: is is they're targeting those people and they're charging them.
Speaker 1: The bank is charging you to loan your money out.
Speaker 1: They're taking your money, they're loaning it out, they're making
Speaker 1: income on it, and they're charging you to do that.
Speaker 1: What like, how is that not predatory? How is that
Speaker 1: not wrong? That makes me absolutely angry to hear that,
Speaker 1: And of course they're going to get mad, and of
Speaker 1: course they're going to come after like the platforms like
Speaker 1: um like block fight and selsius because you don't have
Speaker 1: to pay money to hold your crypto there. You don't
Speaker 1: have to pay money. You could just transfer your cryptoe
Speaker 1: and obviously there's a fee whatever, fine, but you get
Speaker 1: and then you get up to the eight percent cash
Speaker 1: back or stable coin back whatever it is. They don't
Speaker 1: want that competition because once the work gets out, everybody's
Speaker 1: going to go there. That's what they're doing. And it's sad. Yeah. Um, yeah,
Speaker 1: it is said to to kind of even compound on that,
Speaker 1: I mean to to make this even bigger. I mean,
Speaker 1: this is a global thing. And so we talked a
Speaker 1: lot about things in the US. Obviously you're listening on
Speaker 1: the radio right now, listen to the Markmas show on
Speaker 1: the radio. Um, and so you know it's obviously US centric,
Speaker 1: but um, in El Salvador they've made bitcoin legal tender.
Speaker 1: And I was down there. I've been working with Bitcoin
Speaker 1: beach down there, and um, some things I didn't fully understand,
Speaker 1: and I travel a lot, so I kind of have
Speaker 1: the perspective. But to your point, um, the poor adversely affected.
Speaker 1: You have a bank account, you have to pay, you know,
Speaker 1: monthly to have your bank account. Well, most times those
Speaker 1: fees are waves because you carry balances whatever. Um. Down
Speaker 1: there in El Salvador they don't carry either. They don't
Speaker 1: they don't carry those balances, they don't wave those fees,
Speaker 1: and so typically they're paying anywhere from twenty five to
Speaker 1: fifty dollars a month to have a checking account and
Speaker 1: most people they make a hundred bucks twohunter bucks a month,
Speaker 1: they can't they can't pay that, so they don't have
Speaker 1: bank accounts. And then so they can't even join the
Speaker 1: financial system of the world. And then on the other
Speaker 1: on the merchant side, to have you know, most of
Speaker 1: the merchants are selling papoosas or coconuts on the side
Speaker 1: of the road, or they have a little bodega selling
Speaker 1: waters whatever, um, And they have to have about fifteen
Speaker 1: to twenty tho dollars a month of revenue to get
Speaker 1: a POS system, to get a merchant account, which they
Speaker 1: don't have. So the merchants can't accept digital payments, they
Speaker 1: can't be in the funding system, and the customers can't either.
Speaker 1: They're completely boxed out. Um. So just to kind of
Speaker 1: show how big that problem that you have there. But anyway,
Speaker 1: so going back to the competition, what are you seeing
Speaker 1: the government's doing here? Like, what's the threat you think
Speaker 1: the threat is? Is they? I mean, we're crypto is
Speaker 1: a threat. Cryptome Bitcoiner is a direct threat to the
Speaker 1: government's And it's not even it's just we pay so
Speaker 1: much in taxes and I'm not saying I'm at I
Speaker 1: don't like paying taxes, but at the same time, like
Speaker 1: we don't even know where tax dollars are going, Like
Speaker 1: they say your tax dollars are going to go fund ABC. Really,
Speaker 1: then why are my tax dollars going to go fund
Speaker 1: to school that you're saying it's going to. But the
Speaker 1: old neighborhood that I lived in, the schools are like
Speaker 1: a three out of ten and the people that live
Speaker 1: there don't even send their kids to that school because
Speaker 1: it's so terrible. So explain to me how my tax
Speaker 1: dollars are going to help fix this. So there's that aspect.
Speaker 1: But they want the governments want control, the banks want control,
Speaker 1: they want our money. They're utilizing us for, you know,
Speaker 1: to fill their pockets, and that's why they're coming after Bitcoin.
Speaker 1: Stable Coins are not poker chips, Gary Gensler. They are not.
Speaker 1: They're they're a lot safer and well, actually there's nothing
Speaker 1: wrong with poker chips either. But realistically stable coins they
Speaker 1: fluctuate between ninety eight cents and one dollar and two cents,
Speaker 1: and USDC is heavily regulated. They go through all these
Speaker 1: different types of checks. Also are back like six by
Speaker 1: six of cash, which is amazing because most people can't
Speaker 1: even name what the United States dollars back by. Who
Speaker 1: knows what is backed by. But the fact that but
Speaker 1: the like literally but the fact that they're coming after
Speaker 1: stable coins, stable coins that are really not a threat,
Speaker 1: that just tells you how much they care about protecting
Speaker 1: the people. Because if they cared about protecting the people,
Speaker 1: they'd be focusing their efforts on bad actors. People are
Speaker 1: are scamming people on the internet, hack even student loans
Speaker 1: because student loans are predatory. There would be a lottery tickets,
Speaker 1: There's all these types of things that are out there
Speaker 1: that are very actually predatory, and stable coins are not
Speaker 1: that that that last piece that you said there is
Speaker 1: like the big thing, right Like I could literally go
Speaker 1: by as many lotter tickets as I want, and the
Speaker 1: chance of me winning anything is like pretty much zero. Um,
Speaker 1: no regulations with that. I can go to Vegas, but
Speaker 1: as much as I want there, So we can do
Speaker 1: we can do all these things and blow as much money.
Speaker 1: We know the odds are stacked against us in Vegas.
Speaker 1: They don't disclose that to us clearly. But yet that's okay.
Speaker 1: But yet we don't have the ability to put our
Speaker 1: money into these other things. And and I just think
Speaker 1: I read a couple weeks ago he came out with
Speaker 1: this big statement, and you know their whole approach, and
Speaker 1: really it's all of governments approach, really like um, you're
Speaker 1: not smart enough and we need to make the decisions
Speaker 1: for you. Like he's taking this role like he has
Speaker 1: to protect us. It's like I don't need you to
Speaker 1: protect You don't protect me, Like we can do it.
Speaker 1: So it's like this is the thing, like they say
Speaker 1: that they're protecting us. I don't feel protected though I don't.
Speaker 1: I feel like you're telling me what I can't do.
Speaker 1: I feel like you're telling me that I cannot improve
Speaker 1: my quality of life because you don't like my lifestyle choices.
Speaker 1: And it's not even a dangerous lifestyle choice. What what
Speaker 1: is so bad about somebody who's living under the poverty
Speaker 1: line that is able to put in a stable coin.
Speaker 1: Let's just say the interest rate is nine ten percent
Speaker 1: back for maths say to make it easy, and you're
Speaker 1: earning ten dollars per week extra that you would had.
Speaker 1: That is ten dollars, that is ten items at the center.
Speaker 1: I used to have to shop at the ninety nine
Speaker 1: center because it was so poor. And that's not a
Speaker 1: bad thing at all. But I'm saying ten extra items
Speaker 1: from the dollar store per week that could be that
Speaker 1: can be a meal for a family. And that's all
Speaker 1: that I'm saying. And I don't feel that that is
Speaker 1: unsafe in any way, shape or form. I feel what's
Speaker 1: unsafe is is that leaving my money in a bank,
Speaker 1: knowing that it's being lent out and all the and
Speaker 1: then the US government pretty money like it's nobody's business,
Speaker 1: and me not knowing if the inflate inflation is going
Speaker 1: to kick in and I can and my one dollar
Speaker 1: that I have is now worth cents. That's what scares me.
Speaker 1: And that's what I want to be protected against. The
Speaker 1: US government printing money. Yeah, that's exactly right. And and
Speaker 1: so you know, we we they're creating a competition and
Speaker 1: which gives us. I believe competition gives us better product,
Speaker 1: better service, better prices. But they don't want that. They
Speaker 1: want us trapped in the system. But that's exactly what
Speaker 1: bitcoin and cryptocurrencies are doing. They're giving us that life raft,
Speaker 1: that outlet, which of course they want to seal off.
Speaker 1: They're trying to do that with you know, minimum taxes,
Speaker 1: globalmanium taxes where people don't move to other countries. They're
Speaker 1: trying to do that by sealing off all the excess
Speaker 1: and keeping us in there. And I think the more,
Speaker 1: I hope, the more that people see the government saying basically,
Speaker 1: you don't have the right to hold your money in
Speaker 1: a way that we can't steal from you, like hopefully,
Speaker 1: the more people see them saying that literally, the more
Speaker 1: they'll want these things. Now, um, this is we're going
Speaker 1: to wrap this show up. We've been going for almost
Speaker 1: three hours here with my good friend Wendy Crypto Windy
Speaker 1: Oh follow her on Twitter, look her up on YouTube
Speaker 1: as well. I'm also one Mark Moss on Twitter. So
Speaker 1: send us a message, asks a question. We'd love to
Speaker 1: get back to you on that. Reach out to me,
Speaker 1: reach out to me guys. I will generally respond and
Speaker 1: if you send me an email, I will probably respond faster. Yeah. Yeah,
Speaker 1: all right, Well that's it, Thanks so much. I'll see
Speaker 1: you next week.