WEBVTT - The Mark Moss Show Oct 15, 2021 0:00:00.200 --> 0:00:02.480 Hey, welcome back. You're still listening to the Mark Moa 0:00:02.640 --> 0:00:05.399 show where I talk about bitcoin, I talk about cryptocurrencies, 0:00:05.400 --> 0:00:09.600 and I talked about the decentralized revolution, and of course 0:00:09.760 --> 0:00:13.760 each and every week, I'm bringing to you the asymmetric information, 0:00:13.840 --> 0:00:16.880 the information most people don't know, don't have, so you 0:00:16.920 --> 0:00:18.800 can have an edge of the market, so you can 0:00:18.920 --> 0:00:22.840 have the asymmetric upside of having that information. Now, we've 0:00:22.880 --> 0:00:24.720 been going over a lot of stuff so far today. 0:00:24.720 --> 0:00:27.040 If you're just tuning in, don't miss next week. Pull 0:00:27.040 --> 0:00:29.080 out your phone right now, set of calendar appointment for 0:00:29.200 --> 0:00:31.080 this time on this channel. I'm gonna be with you 0:00:31.080 --> 0:00:32.760 each and every week. But we've been talking about the 0:00:33.080 --> 0:00:35.479 debt ceiling, the FED printing a lot of money, um 0:00:35.520 --> 0:00:38.159 the catalyst that drive the price of bitcoin up. We 0:00:38.200 --> 0:00:40.000 talked about how it's back to the level it wasn't 0:00:40.360 --> 0:00:42.800 it's been about five months since it's been there, and 0:00:42.840 --> 0:00:45.599 really understanding that there's two factors that drive that. One 0:00:45.680 --> 0:00:48.520 network effects the amount of people coming in, but also 0:00:48.520 --> 0:00:50.840 the development that's going on. And so we talked about 0:00:51.400 --> 0:00:54.640 Bank of America coming on, bringing on more customers, more development, 0:00:54.680 --> 0:00:58.480 et cetera. But I have brought a good friend, an 0:00:58.520 --> 0:01:00.760 old friend into the studio with me. Right now. I 0:01:00.800 --> 0:01:05.080 got Windy. Oh, she's known as crypto Windy Oh on Twitter. 0:01:05.120 --> 0:01:08.839 Give her a follow, look her up, um, just crypto Windy. Oh. 0:01:08.920 --> 0:01:11.920 And anyway, Wendy, thanks for joining me. Mark, thanks so 0:01:12.000 --> 0:01:14.279 much for having me. I. You know, we've been friends 0:01:14.319 --> 0:01:17.440 for quite some time, and it's just so cool to 0:01:17.640 --> 0:01:19.759 come up with people that you love and come up 0:01:19.800 --> 0:01:23.080 with like awesome people to surround yourself with. It's like 0:01:23.480 --> 0:01:25.319 it's a great thing because if I never need anything, 0:01:25.360 --> 0:01:27.320 I can call you on the phone. Hay Mark, Hay Mark, 0:01:27.720 --> 0:01:28.800 can you help me with this? What do I do 0:01:28.800 --> 0:01:30.480 with this? And You're like, hey, calm down, it's okay, 0:01:30.480 --> 0:01:34.000 we can do so just thanks for being you. Yeah, 0:01:34.000 --> 0:01:36.559 that's that's awesome. You know, we've both been working hard 0:01:36.600 --> 0:01:39.319 over over a long number of years now and uh, 0:01:39.560 --> 0:01:41.560 just for everybody listening, she just got done doing a 0:01:41.600 --> 0:01:44.480 segment on Fox News, and uh, I was lucky to 0:01:44.520 --> 0:01:46.600 snag her right after she was done on Fox News. 0:01:46.600 --> 0:01:48.880 So so she's doing out big things as well. What 0:01:48.920 --> 0:01:52.480 were you guys talking about on Fox News? Well, we 0:01:52.560 --> 0:01:55.280 talked a little bit about our good friend Bitcoin's good 0:01:55.280 --> 0:01:58.840 friend Peter Schiff, because Peter Schiff is apparently mining gold 0:01:58.880 --> 0:02:01.600 at Nottsberry Farm and southern California, And I know you 0:02:01.640 --> 0:02:04.680 guys can get that joke with a little a little 0:02:04.720 --> 0:02:06.760 thing over there. So we talked a little bit about 0:02:06.760 --> 0:02:10.680 Peter Schiff and then um, we also talked about, you know, 0:02:10.919 --> 0:02:13.399 how to how to kind of spot some crypto gems 0:02:13.400 --> 0:02:16.680 and whatnot. Yeah, yeah, Peter Schiff is a is a 0:02:16.720 --> 0:02:20.400 funny story. You know, it's uh, it's it's funny. It's 0:02:20.480 --> 0:02:24.200 maybe a little bit sad. Um. You know, when I 0:02:24.280 --> 0:02:25.919 kind of I made a lot of money and in 0:02:25.960 --> 0:02:27.519 two thousand and eight I got wiped out. Um, I 0:02:27.600 --> 0:02:29.120 knew how to make money, but I didn't understand this 0:02:29.160 --> 0:02:31.760 financial system. And so when I started learning, like Peter 0:02:31.840 --> 0:02:34.960 Schiff was like very instrumental in helping me figure out 0:02:35.040 --> 0:02:37.680 why we need to sound money. Him and Mike Maloney 0:02:37.720 --> 0:02:39.840 were both both a piece of that. And and from 0:02:39.960 --> 0:02:42.520 like an Austrian um economist side, like he gets it. 0:02:42.560 --> 0:02:44.919 He understands the problems of the financial system, but he 0:02:45.160 --> 0:02:48.480 just won't give up on gold, I guess for whatever reason, 0:02:48.520 --> 0:02:51.120 and it's not working well. I think I think what 0:02:51.240 --> 0:02:54.040 it is is Peter is a very smart man, and 0:02:54.080 --> 0:02:56.600 a lot of people on social media they're marketers. That's 0:02:56.720 --> 0:02:59.920 that's that's the name of the game. And Peter has 0:03:00.080 --> 0:03:04.160 is found that by being an enemy of bitcoin, it 0:03:04.280 --> 0:03:07.480 is bringing him attention, it is bringing clout, it is 0:03:07.520 --> 0:03:11.040 bringing clicks, it's bringing revenue in. So why wouldn't you 0:03:11.080 --> 0:03:16.520 want to start a a internet beef with with with bitcoin? Well, 0:03:16.560 --> 0:03:18.760 I think that's I think you're right on the mark 0:03:18.800 --> 0:03:20.800 with that, and and there's a number of people that 0:03:20.840 --> 0:03:22.919 are trying to do the same thing that Hanky's kind 0:03:22.919 --> 0:03:25.120 of doing the same thing as well. But what's interesting 0:03:25.120 --> 0:03:27.399 with Schiff is, I mean he runs a gold company, 0:03:27.480 --> 0:03:29.880 and so you know gold was money for five thousand years. 0:03:29.880 --> 0:03:33.200 Now the money follow the money, right. But but what's 0:03:33.200 --> 0:03:35.560 interesting about that is, as I'm just thinking through it 0:03:35.640 --> 0:03:37.360 is gold, gold is money for five thousand years. Now 0:03:37.400 --> 0:03:39.480 Bitcoin is kind of becoming the store value. So he's 0:03:39.520 --> 0:03:43.680 he sees that kind of attack on his gold for example. Um, 0:03:43.720 --> 0:03:46.840 but if he kept the attack on what the Feds doing, 0:03:47.360 --> 0:03:49.720 then it keeps it could still kind of make gold 0:03:49.760 --> 0:03:53.120 look good. But when he keeps making gold compared to bitcoin, 0:03:53.240 --> 0:03:56.600 all it does is make it worse. Right, Well, this 0:03:56.680 --> 0:04:00.440 is the thing. He has a personal interest in gold 0:04:00.520 --> 0:04:03.240 for multiple reasons. He's invested, he's got the company, he's 0:04:03.240 --> 0:04:05.360 got the courses, he's got all these things. And he 0:04:05.440 --> 0:04:09.360 also sees all of the interaction on Twitter, on social media, 0:04:09.400 --> 0:04:13.240 all the backlash because, let's face it, bitcoin maximalist, I 0:04:13.280 --> 0:04:16.159 respect their right to be so passionate about something, but 0:04:16.240 --> 0:04:18.400 some of them can be a little bit toxic, and 0:04:18.520 --> 0:04:21.360 he knows how to poke, to push their buttons and 0:04:21.520 --> 0:04:24.680 rile them up. That's why he's doing it. And at 0:04:24.680 --> 0:04:28.440 the end of the day, people humans, they have personal 0:04:28.480 --> 0:04:31.440 areas of interest, and his personal area of interest is 0:04:31.520 --> 0:04:35.200 himself and his company and his money. Therefore, he's doing 0:04:35.240 --> 0:04:38.080 all of this fighting back and forth with the maximalist 0:04:38.080 --> 0:04:40.840 because it gets traction, is getting interaction, and it's worked 0:04:40.839 --> 0:04:43.800 out very well for him. So why why side with 0:04:43.800 --> 0:04:47.880 the bitcoin maximalist when he can simply continue to build 0:04:47.960 --> 0:04:52.000 his wealth and his brand on the hostility. Yeah, and 0:04:52.000 --> 0:04:55.040 and and and your right on that. And that's unfortunately, 0:04:56.240 --> 0:04:59.600 it's unfortunately that's the way that engagement really gets going today, right, 0:04:59.680 --> 0:05:02.560 is inciting that kind of anger, and really that us 0:05:02.680 --> 0:05:05.159 versus them mentality. And so if they can put bitcoin 0:05:05.200 --> 0:05:07.240 against gold, now I would like for bitcoin and gold 0:05:07.240 --> 0:05:11.479 people to both rally against the government. That would seem better, um, 0:05:11.520 --> 0:05:13.800 but it would also make gold look better because he 0:05:13.800 --> 0:05:15.479 could at least kind of argue that it's held as 0:05:15.520 --> 0:05:18.960 purchasing power. But again, comparing it to gold hasn't been 0:05:18.960 --> 0:05:20.960 Have you seen some of the stuff his son has 0:05:20.960 --> 0:05:24.320 been tweeting out? You know what, again, it's a very 0:05:24.600 --> 0:05:27.159 it's it's a marketing tactic. What they're doing is a 0:05:27.200 --> 0:05:30.039 marketing tactic. So that's why one of the I'm going 0:05:30.080 --> 0:05:32.240 to drop a piece of alpha for the audience. The 0:05:32.279 --> 0:05:35.320 biggest piece of alpha I could drop for you is 0:05:35.920 --> 0:05:39.159 follow the money and don't necessarily believe everything you see 0:05:39.200 --> 0:05:42.560 on the internet. Listen to different people, listen to what 0:05:42.640 --> 0:05:46.920 they're saying, but make your own assumptions because a lot 0:05:46.920 --> 0:05:49.880 of theatrics go on. Back in the day, we used 0:05:49.880 --> 0:05:53.800 to go watch plays and we used to see people perform. 0:05:53.960 --> 0:05:56.480 Then we went to the movies. There's different areas of entertainment, 0:05:56.480 --> 0:05:59.600 but now all of the entertainment we see has all 0:05:59.640 --> 0:06:03.880 done on line. Twitter is a stage. Yeah, and so 0:06:03.960 --> 0:06:06.760 you know it's interesting before the Internet, it was the 0:06:06.800 --> 0:06:10.000 problem was getting the information. Today is we have too 0:06:10.040 --> 0:06:12.520 much information, so now it's like trying to discern the information. 0:06:12.600 --> 0:06:16.760 So um, the problem has changed. But yeah, it's it's 0:06:16.800 --> 0:06:19.040 a it's a different skill set unfortunately that most people need. 0:06:19.839 --> 0:06:21.600 I agree. I agree, And it's it's kind of hard 0:06:21.640 --> 0:06:24.240 to filter out information like what is real, what isn't real, 0:06:24.520 --> 0:06:26.760 and then finding that in the middle and the media 0:06:26.800 --> 0:06:28.440 and people like Peter schi if they know how to 0:06:28.480 --> 0:06:31.279 play on our emotions, they know how to play on 0:06:31.520 --> 0:06:33.680 things that are near and dear to our hearts, and 0:06:33.720 --> 0:06:36.000 that's what he does with the Maximalists. And you know, 0:06:36.040 --> 0:06:38.039 it's kind of comical times, like I just sit back 0:06:38.040 --> 0:06:40.240 and I'm like, you know what, I see what you're doing. 0:06:40.279 --> 0:06:42.240 I see you over there, and I just don't even 0:06:42.240 --> 0:06:45.080 comment anymore. And it's just it's just it's just all 0:06:45.240 --> 0:06:48.400 it's all for the lulls. So um. You know we've 0:06:48.400 --> 0:06:51.320 been talking about, like I said, I was talking about 0:06:51.320 --> 0:06:54.080 the the debt ceiling, I'm talking about how the more 0:06:54.120 --> 0:06:56.320 money they print, the more you know, the less the 0:06:56.320 --> 0:06:59.080 purchasing power goes down, which is these are factors, which 0:06:59.120 --> 0:07:01.320 is why, um, what you store your wealth and matters 0:07:01.360 --> 0:07:04.640 and why bitcoin goes up. I've talked about the the adoption, 0:07:04.760 --> 0:07:06.240 you know, like I like I kind of wrapped it 0:07:06.320 --> 0:07:09.360 up for you with US Bank bringing on custody. We 0:07:09.440 --> 0:07:11.600 talked about there's potentially an e t F that they 0:07:11.600 --> 0:07:14.720 say has a seventy chance of coming on online. I 0:07:14.720 --> 0:07:17.440 think they're e gauging that through the betting markets kind 0:07:17.440 --> 0:07:19.840 of scene where that's going. And so really in these 0:07:19.840 --> 0:07:23.800 new technologies, it's about seeing the network effects grow. So 0:07:23.840 --> 0:07:26.640 that's the users and then also development and so these 0:07:26.680 --> 0:07:29.280 new features and stuff like that, and and that that's 0:07:29.280 --> 0:07:31.240 the stuff that I like to look at. I was 0:07:31.480 --> 0:07:34.560 saying that I think some of this short term this 0:07:34.680 --> 0:07:37.320 price is a is a distraction a little bit. And 0:07:37.360 --> 0:07:39.640 I say that for me personally, and I want to 0:07:39.760 --> 0:07:41.720 I want to bring you onto counter this for people 0:07:41.720 --> 0:07:44.760 that are listening, because, um, you know, for me, I mean, 0:07:44.800 --> 0:07:47.239 I'm busy, I'm working, I gotta I got a business, 0:07:47.240 --> 0:07:49.360 I got a family, and so I'm kind of like 0:07:49.400 --> 0:07:51.600 this long term investor. I always kind of have been. 0:07:52.440 --> 0:07:55.720 And so I think in things in terms of years. Typically, 0:07:55.720 --> 0:07:58.080 I mean I got my teeth cut in real estate 0:07:58.240 --> 0:08:00.280 development and those were two or three year product X, 0:08:00.440 --> 0:08:02.320 So like that's kind of time frames I look at. 0:08:02.520 --> 0:08:05.320 So the short term price I it's too much distraction 0:08:05.360 --> 0:08:08.120 for me, but I know that you keep up with that, 0:08:08.200 --> 0:08:10.240 and so I'd like to talk about that a little bit, 0:08:10.640 --> 0:08:13.040 um and and you can fill us in a little 0:08:13.040 --> 0:08:14.640 bit on that short term price action because I know 0:08:14.720 --> 0:08:17.120 that you're an expert in that. UM and so we 0:08:17.120 --> 0:08:20.120 were talking about how, you know, bitcoin just popped up 0:08:20.160 --> 0:08:22.200 to fifty five thousand, which I think it's been about 0:08:22.240 --> 0:08:26.160 five months since it's been there. UM, before you tell 0:08:26.240 --> 0:08:29.840 us where you think it is, what's going to happen next, 0:08:30.240 --> 0:08:32.600 because I know you've got the crystal ball. Before you 0:08:32.640 --> 0:08:36.040 tell us that, I wanna pause for one second. When 0:08:36.040 --> 0:08:37.960 we get back, I want you to then explain to 0:08:38.000 --> 0:08:39.480 us where you think it's going to go, because I 0:08:39.480 --> 0:08:40.920 know you have a good edge with that, and so 0:08:41.160 --> 0:08:43.800 people want to stay up with that real quick. If 0:08:43.840 --> 0:08:45.800 you're listening in you're listening to the Mark Mo Show, 0:08:46.040 --> 0:08:49.160 I'm talking about bitcoin, I'm talking about cryptocurrencies. I'm talking 0:08:49.160 --> 0:08:52.240 about the digital revolution to decentralized revolution. I'm on with 0:08:52.280 --> 0:08:55.720 my good friend crypto Windy. Oh. If you're on Twitter, 0:08:55.760 --> 0:08:58.360 giver a follow, follow me one Mark Moss, send us 0:08:58.360 --> 0:09:01.040 both a tweet, ask us a question and we'll answer 0:09:01.080 --> 0:09:03.959 it for the show for next week. UM, So follow 0:09:04.000 --> 0:09:06.640 us on those places, and like I said, get out 0:09:06.679 --> 0:09:09.360 your phone right now, put out a calendar reminder and 0:09:09.440 --> 0:09:11.760 set this time and the station that you're on, so 0:09:11.800 --> 0:09:14.680 you can tune with me each and every week and 0:09:14.720 --> 0:09:16.840 we'll be right back with crypto Windio to find out 0:09:16.880 --> 0:09:19.360 what is going to happen with the bitcoin price action 0:09:19.400 --> 0:09:21.760 when we come back. All right, welcome back. You're listening 0:09:21.800 --> 0:09:23.880 to the Mark Mos Show. We're talking about bitcoin, We're 0:09:23.880 --> 0:09:27.319 talking about cryptocurrencies. We are talking about the decentralized revolution, 0:09:28.080 --> 0:09:30.600 and I've been talking about uh for the for this 0:09:30.640 --> 0:09:34.559 whole show. Now I'm talking about these big fundamental factors 0:09:34.559 --> 0:09:37.360 why it's pushing bitcoin up. But I'm here with my 0:09:37.400 --> 0:09:40.080 good friend crypto Windy Oh. Find her on Twitter at 0:09:40.120 --> 0:09:43.360 crypto Windy Oh. Give her a follow, um, and she 0:09:43.800 --> 0:09:45.560 is kind of an expert on looking at this price 0:09:45.600 --> 0:09:48.800 action on shorter time frames, and so Crypto Windyo with Windy, 0:09:49.400 --> 0:09:52.640 we're we're back up above around. We haven't been there 0:09:52.679 --> 0:09:55.040 for I don't know five months. I think at this point, Um, 0:09:55.120 --> 0:09:57.280 what are you seeing in the price action? I guess 0:09:57.280 --> 0:10:01.360 at this point. So this is the thing they're like, 0:10:01.559 --> 0:10:04.680 people get so excited and they get so fixated on price, 0:10:04.760 --> 0:10:06.640 and I get it. But if you're not like somebody 0:10:06.679 --> 0:10:08.680 like yourself, that's like in this for the long haul, 0:10:08.800 --> 0:10:11.720 long term investor, you don't have to be so concerned 0:10:11.760 --> 0:10:14.199 on the price. Like if if you believe in something 0:10:14.520 --> 0:10:17.079 dollar cost average weekly or dollar cost average or whatever. 0:10:17.360 --> 0:10:20.000 A lot of people tend to forget that when you 0:10:20.000 --> 0:10:22.320 work like a traditional line to five. I don't anymore. 0:10:22.679 --> 0:10:24.680 But when you work at nine five, you pull money out, 0:10:25.360 --> 0:10:27.560 you have your company or whoever it is, automatically put 0:10:27.559 --> 0:10:29.160 it into a four oh one K or I ra 0:10:29.200 --> 0:10:32.520 A or whatever traditional financial product there is. And that's 0:10:32.600 --> 0:10:35.040 essentially dollar cost average, and you're letting somebody else manage 0:10:35.040 --> 0:10:36.959 your money. But with bitcoin, we get to do ourselves, 0:10:37.160 --> 0:10:41.640 so people tend to and when your dollar cost averaging you, 0:10:42.040 --> 0:10:44.079 it takes the emotions out. It takes the emotions out 0:10:44.080 --> 0:10:46.360 because you're just dumping money in and you're looking way. 0:10:46.640 --> 0:10:50.040 But as far as with bitcoin today, yes we are 0:10:50.200 --> 0:10:52.800 close to that area. We did have a bit of 0:10:52.800 --> 0:10:55.200 a pullback which we discussed on my YouTube show because 0:10:55.200 --> 0:10:58.400 I do daily technical analysis Sunday night live streams. But 0:10:58.679 --> 0:11:01.320 we're seeing a lot of people get very excited about 0:11:01.360 --> 0:11:03.200 like this price. It's like, oh my god, Oh my god. 0:11:03.360 --> 0:11:05.720 And you can also see, like on the Twitter feed, 0:11:06.000 --> 0:11:08.640 you can see you can tell when bitcoin is green 0:11:08.679 --> 0:11:11.000 because everybody's happy. And then when bitcoin is read and 0:11:11.040 --> 0:11:12.960 we get a red candle, it's like it's the end 0:11:13.000 --> 0:11:17.080 of the world. So me personally, like, unless I'm going 0:11:17.160 --> 0:11:19.480 to get into a scalp or a longer term swing 0:11:19.520 --> 0:11:22.400 trade or whatnot, I'm i focus on price because it 0:11:22.400 --> 0:11:24.400 determines what I'm gonna do with my all coin investments. 0:11:24.400 --> 0:11:25.920 But at the same time, it's not something that's going 0:11:25.960 --> 0:11:27.760 to drive me crazy. And I know we're seeing a 0:11:27.800 --> 0:11:29.640 lot of crazy predictions. We have people. I want to 0:11:29.679 --> 0:11:31.280 say it was Bobby Lee. He came out and said 0:11:31.280 --> 0:11:35.640 two thousand dollar bitcoin en stuff like that's ridiculous. It's 0:11:35.640 --> 0:11:38.520 absolutely ridiculous because the amount of capital that would need 0:11:38.559 --> 0:11:42.400 to flow into bitcoin would need to be pretty significant. Yes, 0:11:42.440 --> 0:11:44.760 you can track that with John chain analytics and with 0:11:44.800 --> 0:11:49.040 wallet addresses, etcetera. But realistically, people are going to invest 0:11:49.120 --> 0:11:50.920 and they're going to trade when they want to trade. 0:11:51.160 --> 0:11:54.040 So as far as like this, this notion about being 0:11:54.040 --> 0:11:56.120 obsessed with price, you don't do that with your four 0:11:56.120 --> 0:11:58.560 oh one K. I doubt many of you. Like how 0:11:58.600 --> 0:12:01.000 many times Mark, have you ever had a four O 0:12:01.040 --> 0:12:04.400 one K? I do, yeah, and I never check it 0:12:04.400 --> 0:12:06.760 and never look at it. Okay, see you don't check in, 0:12:06.760 --> 0:12:09.040 And I can guarantee a lot of the audience resonates 0:12:09.040 --> 0:12:10.520 with that you have four O one K. Only time 0:12:10.559 --> 0:12:12.439 you check it is when you get those scoofy silly 0:12:12.480 --> 0:12:16.680 print outs from your job. Whatever. I never did. I 0:12:16.720 --> 0:12:18.319 was like, I'm throwing this out. I would throw them out. 0:12:18.480 --> 0:12:21.160 So as far as Bitcoin, I'm very optimistic for quarter four. 0:12:21.160 --> 0:12:24.319 I'm opten, very very optimist supercore four, but one of 0:12:24.400 --> 0:12:26.600 the things I want to drop, and then the panic's 0:12:26.600 --> 0:12:30.520 another piece of alpha. This bull run is different than 0:12:30.600 --> 0:12:32.160 the other bull runs, and this is gonna be a 0:12:32.200 --> 0:12:34.920 little bit of fundamental aspects coming in. We have n 0:12:35.000 --> 0:12:37.320 f T s that are fully functioning, we have defy 0:12:37.400 --> 0:12:41.240 ecosystems that are fully functioning, and we have crypto projects 0:12:41.280 --> 0:12:46.040 that have actually created viable ecosystems that are functioning. We 0:12:46.120 --> 0:12:48.800 didn't have that, and I'm noticing that money is fulling 0:12:48.840 --> 0:12:51.480 from n f t s to defy two all coins 0:12:51.520 --> 0:12:54.079 tow Bitcoin, rinse and repeat, and I feel like that 0:12:54.320 --> 0:12:58.599 is essentially helping to keep Bitcoin propped up, which is outstanding. 0:12:58.640 --> 0:13:02.080 It's a beautiful eCos system. But as far as price action, 0:13:02.679 --> 0:13:04.719 I you know, even if we were to drop down 0:13:04.800 --> 0:13:07.120 to thirty dollars again, which I doubt that's going to 0:13:07.200 --> 0:13:09.840 happen this quarter, but if we do, I'm still bullish 0:13:09.880 --> 0:13:12.040 and we're still in a bull run. I still think 0:13:12.080 --> 0:13:13.679 that we are still in a bull run, and I 0:13:13.840 --> 0:13:16.000 do think that we are going to see eight five 0:13:16.080 --> 0:13:19.320 to about a hundred thousand dollar bitcoin. Wow, I've been 0:13:19.400 --> 0:13:21.719 I've been saying that. You know, I try to I 0:13:21.800 --> 0:13:24.720 try to remain conservative, um kind of to your point 0:13:24.760 --> 0:13:28.079 about Twitter, kind of almost schizophrenic based off of where 0:13:28.120 --> 0:13:31.599 the price is. Because the price is so volatile, and 0:13:31.640 --> 0:13:33.800 I've been doing this for so many years. I try 0:13:33.960 --> 0:13:36.080 to really limit myself. I don't want to get too 0:13:36.160 --> 0:13:38.040 excited when the price goes up, because then I don't 0:13:38.040 --> 0:13:40.559 want to get too depressed if it goes back the 0:13:40.679 --> 0:13:43.920 other way. So I just try to be like, you know, uh, 0:13:44.120 --> 0:13:46.240 if I if I set my long term time frames 0:13:46.280 --> 0:13:47.959 and that doesn't really matter what happens in the short term. 0:13:48.000 --> 0:13:49.959 But yeah, I've been saying I think about a hundred 0:13:49.960 --> 0:13:52.200 thousand by the end of the year. Um. But of course, 0:13:52.600 --> 0:13:55.959 I mean it's anybody's guess. Um. One thing I hear 0:13:56.000 --> 0:13:57.360 from a lot of people, and I'd like to get 0:13:57.400 --> 0:13:59.440 your opinion on this. UM. One thing I hear from 0:13:59.480 --> 0:14:01.920 a lot of people is they say, UM, you know, 0:14:02.520 --> 0:14:05.839 I've learned. I've learned from these you know for the 0:14:05.960 --> 0:14:09.360 last bowl market, and this time I'm going to sell 0:14:09.400 --> 0:14:11.640 at the top and then I'll buy. They didn't. No, no, 0:14:11.800 --> 0:14:14.720 they didn't, No, no, nothing, they didn't. But they're saying 0:14:14.800 --> 0:14:16.599 now that I learned, so that they didn't know. But 0:14:16.679 --> 0:14:18.640 what I'm saying is no, they did not learn. And 0:14:18.720 --> 0:14:21.280 the reason the reason why they did not learn. I 0:14:21.360 --> 0:14:24.280 am very active on TikTok, I'm active on YouTube, I'm 0:14:24.320 --> 0:14:26.440 active on Twitter, I'm active on all these social media 0:14:26.440 --> 0:14:29.120 platforms is my job. And the type of comment like 0:14:29.200 --> 0:14:31.160 I made a video saying I am going to be 0:14:31.240 --> 0:14:35.280 selling about six of my crypto portfolio. As you know, 0:14:35.320 --> 0:14:36.760 I'm gonna I'm gonna continue to do that when I 0:14:36.800 --> 0:14:39.160 say I'm selling, I'm just taking profit on the way up. 0:14:39.200 --> 0:14:41.400 I'm putting those into stable coins, I'm putting those onto 0:14:41.440 --> 0:14:44.240 D five platforms and earning paths of income. The reason 0:14:44.320 --> 0:14:47.160 why I'm doing this is because I'm minted bigating my risk. 0:14:47.480 --> 0:14:50.000 I do a lot of technical analysis, and technical analysis 0:14:50.120 --> 0:14:52.040 is a tool that we can use to time the market. 0:14:52.320 --> 0:14:54.920 But at the same time, there's other things that impacted, 0:14:55.040 --> 0:14:59.200 like emotions and psychology and just how I'm feeling that day. 0:14:59.320 --> 0:15:01.320 That's why I'm taking profit on the way up. But 0:15:01.400 --> 0:15:03.800 a lot of people are not doing that. And I 0:15:03.920 --> 0:15:06.680 see it because they call me all kinds of things 0:15:06.720 --> 0:15:08.920 and my mentions and my comments, and I'm like, you 0:15:09.000 --> 0:15:11.760 know what, you don't want to mitigate risk. Don't mitigate risk. 0:15:11.840 --> 0:15:13.760 That's on you. But this is my income. This is 0:15:13.800 --> 0:15:15.280 how I live, that is how I pay my bills. 0:15:15.480 --> 0:15:18.000 So I'm gonna be mitigating my risk. But they're not 0:15:18.320 --> 0:15:20.680 doing that. They're they're not. And you can't time the 0:15:20.760 --> 0:15:23.960 market perfectly. If you can time the market, if you 0:15:24.040 --> 0:15:27.240 can time bitcoin within five thousand dollars of all time high, 0:15:27.600 --> 0:15:30.400 you did good, You did really really good. Well. The 0:15:30.480 --> 0:15:32.560 problem is is that we you know, when you look 0:15:32.600 --> 0:15:35.200 at a chart, because so volatile, you see these huge 0:15:35.240 --> 0:15:37.480 peaks and valleys and you look at and go, oh, 0:15:37.920 --> 0:15:39.720 I didn't I should have just sold right there, and 0:15:39.760 --> 0:15:41.720 then I would have bought back in right there. But 0:15:41.840 --> 0:15:44.040 the problem is you don't know when that top is 0:15:44.080 --> 0:15:46.320 the bottom is until you're looking backwards at it, and 0:15:46.440 --> 0:15:50.280 so like the hindsight kind of thing, but the reality 0:15:50.400 --> 0:15:52.680 is we don't know, and there's so many other factors 0:15:52.760 --> 0:15:55.920 that play in. One thing that's cool with bitcoin I 0:15:56.000 --> 0:15:58.600 was talking about earlier, different than any other market is 0:15:58.640 --> 0:16:01.000 that we have on chain analytics, and so the on 0:16:01.160 --> 0:16:04.480 chain analytics are are helpful at least a little bit 0:16:04.600 --> 0:16:07.360 to kind of see are the big whales buying, the 0:16:07.400 --> 0:16:09.920 big addresses buying? Is that the small retail buying? Like 0:16:10.040 --> 0:16:12.200 who's selling? Um? Do you do? You look at that 0:16:12.280 --> 0:16:15.080 kind of stuff? Um? I pay attention to it, but 0:16:15.200 --> 0:16:18.120 not super heavily because the way my mind works is 0:16:18.200 --> 0:16:20.320 I like to focus on technical analysis, and the reason 0:16:20.360 --> 0:16:22.240 why is because it helps me. If I'm looking at 0:16:22.280 --> 0:16:24.560 too many things, my mind is like, Okay, well what 0:16:24.600 --> 0:16:26.720 about this? What about this? What about that? So I 0:16:26.920 --> 0:16:28.720 tend to not do as well. But when I cover 0:16:28.880 --> 0:16:30.720 things on my show, we sometimes do look at on 0:16:30.840 --> 0:16:33.720 chain analytics our analysis. And the reason why that's so 0:16:33.840 --> 0:16:37.760 important is because when we're looking at traditional financial products, 0:16:37.800 --> 0:16:40.080 like people use a Bloomberg terminal, that's what you use, 0:16:40.520 --> 0:16:42.840 and with bitcoin, we don't have a Bloomberg terminal, Like 0:16:43.040 --> 0:16:45.800 we don't really have quarterly reports, we don't have income 0:16:45.960 --> 0:16:48.920 statements or whatever they use for that. That's silly, goofy 0:16:49.000 --> 0:16:52.840 traditional finance stuff. But with bitcoin, on chain analytics are important. 0:16:53.160 --> 0:16:56.200 Mining economics are important. When are the miners taking profit, 0:16:56.280 --> 0:16:57.920 you prop you kind of want to pay attention to 0:16:58.080 --> 0:17:00.400 that stuff because they're the ones that are doing the 0:17:00.480 --> 0:17:02.560 O t C deals like they have to sell. So 0:17:02.680 --> 0:17:04.320 we need to look at on chain analytics, We need 0:17:04.359 --> 0:17:06.159 to look at mining economics. We need to look at 0:17:06.200 --> 0:17:09.159 liquidations when it comes to exchanges because there's a lot 0:17:09.200 --> 0:17:11.280 of people that are taking out these big positions and 0:17:11.400 --> 0:17:13.800 you can track all that stuff. So it's important to 0:17:13.880 --> 0:17:16.119 focus on all of these different aspects because even with 0:17:16.200 --> 0:17:18.400 the chain analytics, you can see when the whales are fine, 0:17:18.600 --> 0:17:20.760 but you can also see how many wallets have been dormant, 0:17:20.800 --> 0:17:25.360 who's holding et cetera. And that's a beauty of blockchain technology. Yeah. Yeah, 0:17:25.400 --> 0:17:27.520 it definitely changes a lot of things. I know. UM, 0:17:27.760 --> 0:17:29.920 over here on in Puerto Rico of one of my 0:17:30.080 --> 0:17:31.840 one of my new best friends, I've only made two, 0:17:31.920 --> 0:17:34.880 so he fits there. But he runs a hedge fund 0:17:34.960 --> 0:17:38.320 and he's you know, he's trading different assets and he's 0:17:38.359 --> 0:17:40.760 not really into bitcoin, but I keep telling on them, like, man, 0:17:40.920 --> 0:17:44.119 the data that you have there, it really changes everything. UM, 0:17:44.200 --> 0:17:46.879 I want to get into um some things about you 0:17:46.960 --> 0:17:49.960 mentioned earlier, like scalp trading, swing trading, and um this 0:17:50.119 --> 0:17:52.680 kind of new batch of these TikTok traders and stuff. 0:17:52.800 --> 0:17:54.719 So we're gonna talk about that when we get back. Um, 0:17:54.800 --> 0:17:57.000 you are listening to the Mark Moss Show. We're talking 0:17:57.040 --> 0:18:00.920 about bitcoin, cryptocurrencies, the decentralized Revolution. I am here with 0:18:01.280 --> 0:18:03.840 Crypto Windy. Oh give her a follow on Twitter Crypto 0:18:03.880 --> 0:18:06.359 Windy O. Um, of course I am one Mark Moss 0:18:06.400 --> 0:18:08.480 on Twitter. So send us some messages. We'd love to 0:18:08.560 --> 0:18:11.280 hear from you and we'll be right back. Hey everyone, 0:18:11.320 --> 0:18:13.480 welcome back. You are listening to the Mark Moss Show. 0:18:13.520 --> 0:18:16.240 We're talking about bitcoin. We're talking about cryptocurrencies and the 0:18:16.359 --> 0:18:21.920 decentralized revolution. Literally the biggest wealth transfer we have ever seen, 0:18:21.960 --> 0:18:23.840 the biggest one you will ever see. And the way 0:18:23.920 --> 0:18:25.600