If we use the 4 year cycles we can see that we are SUPER early compared to this time last cycle. Does that mean we are OVERHEATED and should SELL or DOUBLE DOWN AND GO ALL IN?
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Screen you can possibly get let’s see yeah I’m going to try 90% of Bitcoin eath not a bad plan hey man Ocean Park meet up next Thursday everybody taste the smoke I gotta get a hold of Stephen I’ll see if he’s here Ocean Park best beach I love that
Place the pool is calling the pool is always calling I want that yeah they not bad pool day adorable thank you everybody Shin says and shon’s got a good point here companies will be building their own private and permission l2s on ethereum the end game
For ether is on what you think it’s not for dog coins it’s a good point I remind you though that JP Morgan did the same thing on Avalanche they seem to like what they saw so it could be ethereum it could be that I mean I think all these
L1’s can do permission chains but the question then is do they have the liquidity to do to settle everything on chain that’s the big thing but yeah permission I can definitely see that for sure back looks better back’s going good therapy’s going on should be okay the pool is cold
Thanks I don’t I don’t bother any of this one never win L Tesla you’ll win I I at some point you will the text is so tiny on Benjamin anas it’s true H Merry Christmas from Norway rotate selling to bitcoin not a bad plan actually Rob says dump right now we
Aren’t even pass to having you know yeah some people will say that uh this Market is overbought and that we should really think about uh selling some for the impending second scare or the next pullback which it could we could go down 30% but let me ask you guys a question let’s
Say that you you’re you’re in profit um you bought Bitcoin at a 100 bucks and then Bitcoin goes up to 200 bucks so then you sell it so your profits $100 right my math is correct uh but then let’s say that you did that and it was
Under a year and now you got to pay short-term capital gains so now whatever tax bracket you’re in the United States I don’t know how it works everywhere else I think in Germany if you keep it over a year there’s no tax correct me in the comments for Germans and I don’t
Know where I don’t know everything else for for Spain and UK and everything else I just tell you like America so whatever your tax bracket is let’s say you’re in the 34% range right so now you just got $66 in profits but you just had to pay the government you know
$34 that kind of sucks and then let’s say that Bitcoin go Rockets back up to you know that $100 or $200 Mark and you you now you got to buy it at $200 and you kind of go from there like if you’re thinking about tax and
The tax brackets that you have to go into it really will determine when you want to really want to take your profits that’s why some people I think they hold too long so like I don’t want to pay taxes I’ll pay taxes if I you know 100x
And go from there but I mean it’s all relatively the same it’s just a big pain it’s it’s a pain to get out and then get back in and so on so forth I always talk about taking profits because I’m trying to make sure that everybody understands
That hitting that sell button is tough so when you’re selling like like let’s say you you gain a little bit you sell like you know 0.5% it gets you used to selling instead of just buying and buying and buying and holding because I can tell you right now
I think most of us can say the same thing we bought low we wrote it all the way up and we didn’t take enough profits and went all the way down and the reason is is because we never really sold it’s just like everything else it’s just like
Boxing it’s just like fighting it’s just like working out it’s just like doing anything it’s what it’s what you’re conditioned to and if you don’t do it you have atrophy and I call it um selling atrophy where your muscles just kind of waste away because you don’t
Really do it too much so I just want everybody to just take a little bit of time and go oh sell and might you know sell a little bit so you know so later on when we get you watch hopefully watch the video when I’m gon to sell 80% of my
Crypto incorporate some of that take some from somebody else and then go okay this is what I want to sell or maybe you never sell maybe like you know what you’re a I’m just going to sell Bitcoin until you know Fiat gets destroyed and we’re all in the Bitcoin standard sure yes
Exactly I have an i Capital Roth but sitting in cash feel I miss the Boat remember there’s also another thing if you have a Roth IRA I have it with it trust show sponsor thank you guys um I’ve had them for two years and remember you can trade within your Roth IRA account and you don’t have to pay any taxes on that so like if you feel
Like a thing something’s coming up you want to sell a little bit you can sell a little bit within your Roth IRA and then buy back no taxes that’s in America I don’t know how it works everywhere else keep that keep that cell muscle strong you know who’s really that’s why like
Uh I like meme coin because have you noticed that when I’ve talked about selling things specifically I’ve said what have I sold Bon I’ve made a whole video about it it’s very easy to sell that because you’re like I don’t really think Bon’s gonna like you know
Change the world maybe it does I don’t know but you can take definitely take profits on a meme coin I think mem coins are great to do those things so I should really just start getting more like I bought a little bit of uh dog with hat
Or whatever that stupid thing is and I sold it made a little bit of profit I like yeah pretty easy get you’re used to it I think that’s that’ll be the training ground from now on we’re just going to get into crazy crazy uh dog coins why not hello art everyone’s good I
Think Shin says I’m selling January 1 got to push the tax of 2025 yeah you and a bunch of other people some people will sell towards the end of this year some people will sell watch out for uh end of March early April that’s when most the Americans
Start to sell for tax reasons so you’ll see a little bit dip there Sayed said I know not Financial advice but confusing using the P Cycle top do you wait for it to start selling or leave 40% to finish selling at the stage so for me that P Cycle top is
Pretty much my top indicator right it was close enough last time in 2021 so that’s when I’ll be selling the majority of my Bitcoin now I don’t sell at all because you never know you have like a what’s what’s called a moon bag because no who knows maybe president
Trump comes out all right don’t get all crazy or President Biden comes out whenever whoever wins and says hey we’re putting Bitcoin as the we’re going to that’s going to be the standard and we’re going to incorporate that into our central banks so if you sold d % of your
Bitcoin and then next something crazy like that happens to the moon and you got 20% to do what you want and let me tell you how’s the feel out there is it cold we’re getting the hot tub all right I can’t hear you bro I said we’ll
Get get in the hot tub then is it cold it’s at 97 I’ll do it all right let’s see anyhow if if that happens then you know you got a little bag so that’s what I try to do that’s the plan oh yeah res Vivic I do like that guy Brian
Says that’s true I am the coolest and the sorest the one with the worst back too let’s see we are just on recovery most the alter down by 73% from alltime high yeah overbought for short term just wait on bu run that’s a good point on short
Term that’s just it you know like I’m not a shortterm kind of vision person some people are and they’re big Traders and uh of course they’ll say like hey we use you know probabilities we’re not gamblers get you makes sense um but I’m just a kind of a Buy
And Hold and waiting for some blowoff tops that’s it is nuts Rob did you order a saga I did not order a salop phone and that’s it I wish I would have though everybody seems to love that thing say you’re welcome he wants the fame everybody wants sure Fame Trump
Sure what is your mention about MO River um I I don’t own it so I don’t talk about it I own so many different cryptos right now there’s not any more room in my portfolio for anything else unless something really really knocks me out I’m like I gotta have that but
Yeah I thought I thought the polls were green screens not wre it is a green screen it’s a dynamic green screen oh yeah don’t forget about RFK Jr this isn’t a political Channel but uh I like some of the things he says but hey you know uh let’s be honest every politician
Is is not like they’re not a bunch of liars they all lie a little bit to get what they want that’s just power of the course do you think 0.1 Bitcoin become good I think it’ll become extremely valuable as time goes on especially when if this Bitcoin ETF gets approved
January hey maybe it’s January or maybe it’s March I don’t know everybody seems to think that it’s definitely January so we’ll say Christmas they love the airdrops in the second not the phone itself yeah exactly Bren says I ordered one Friday cancel my order I think did they cancel
The order or did you cancel it are you a hyera fan you think the mem scene will bring eyes toera you know it’s a funny thing like when I looked into hadera it looked like great technology and a great team and everything else was doing pretty well
Just doesn’t really do too much it’s a funny thing about crypto take a look at xrp um we just talked about uh Ripple’s Council aldera where you know he just talked about yes yesterday about why they had this this unbelievable plea deal in 2020 before they got sued and then it’s
Amazing someone else had said that you know there’s pretty much guidance on that xrp is not a security that was the whole thing of winning that that trial or that court case doesn’t seem to really do too much for the price you know like where’s where’s xrp’s price right
Now I me the’re right behind being they went up 11 12% this week but who knows maybe it’ll pump later I own xrp I’d like it to go up oh no sorry that I was looking at being vchain amazing the CEO of binance gets busted for or bends
The need to kyc and AML problems and C go to 12% xrp Ripple doing things doesn’t move at all so I know like people say like I this is this is the whole thing with with diversification let’s take a look at one year went from 33 cents to 60 d doubled it’s pretty
Good where else you can’t do that in S&P 500 can you so I don’t know do whatever you want to I I think everything that people own is gonna go up anyhow it doesn’t really matter you know crypto is one of those those markets that just that just happens doesn’t really make
Any difference you got dog with hat goes up you got Bon goes up you got xrp doing things kind of goes up binance chain goes up even though we talk about CEO salana goes crazy it’s crypto there’s no sometimes there’s no Rhyme or Reason sometimes just people behind the scenes
ICP people love that one Bren says they canceled out the blue I know why they canceled it is because they made a mistake in their inventory there was an article we talked about a couple days ago that uh they had more inventory than they thought they did and they had
Things open up on the website this has happened to me too and we’re like oop sorry we we ran out a long time ago go so are bad please give your thoughts on Gary toen that’s another meme coin probably do awesome I don’t know I don’t
Know awesome boy kid in the background I have $94 wor a crypto no you don’t you actually now have $116 or 117 or something like that because I gave him a salana for his uh for Christmas hey you gotta start him young right xrp doesn’t move it’s a stable coin ha
Yes are you in Florida I’m in Puerto Rico I want to see what V chain does Gary’s a live streaming project all right thought Gary coin was a meme coin there’s another YouTuber that says McDonald’s not the best burger but it’s the most popular it’s the same I said
That but maybe someone else copy me the tech doesn’t it just means it wins that’s right it’s the worst food you can possibly eat and sometimes it’s delicious can’t stop that but yeah does really guys here’s the thing let’s wrap this up moving into to 2024 we’re probably
Going to do pretty great the Bitcoin ETF looks like we’re leaning to it’s like 99% assured I still think there’s some stumbling blocks I can’t give that up because you know I’ve always thought about that but moving forward we have having coming up we have the narrative
That is uh Bitcoin is being accepted by Massive institutions and you know of course one of the largest asset managers on the planet on top of the other 13 that that are behind it we have people that aren’t saying it’s a scam anymore Ian it’s way
Different than 2017 in 202 one as well so I think we’re in the right place at the right time things are going to do pretty well we’ll probably have some pullbacks just expect them could be 30% hell could be 60% I don’t know but uh if
You look at it like I look at it like great because I’m spending way too much my dollar cost averaging already even though I’ve been doing this since 2022 I would like some discounts fantastic if this makes you nervous then maybe this isn’t for you but if it is I’ll see
Other side when we hit this blowoff top that’s it for today so look you like today’s video give it a thumbs up consider subscribing everything we talk about it’s time sensitive get your information from somebody you trust or at least somebody you somewhat like because things are going to start moving
Really fast but that’s it Merry Christmas Happy New Year guys and I’ll see you next week have a great day adios
36 Comments
Merry CHRISTmas Rob!
Why is nobody taking about rate cuts in March and how this could dump crypto?
Lmfao! The charts look like the branches of the sacred time line from Loki. 😂
And add save for taxes to those rules. Not all of us are expats living in crypto friendly PR, one day longer out of the needed year to be able to claim it’s our residence.
Yea were overheated we will crash hard back to 20k
Unfortunately, when one enters the Crypto-verse, one can never let a day go by without continual learning. Fortunately, none of us in the Crypto-verse give a toss! That said, Season's Greetings from Danmark to you and yours Rob. Glædelig Jul og Godt Nytår!
Got in in 2017.😊 Boomers not all dumb
We are going up too quickly. Get ready for a major shakeout
Buying now is late asf…don’t buy the pump bruh
Weird hearing a fellow vet that literally swore to defend the Constitution constantly namedrop a literal traitor that tried to overthrow democracy, and seize power when he lost an election. Very weird.
Sorry to say. You got this Whole Run WRONG. You were sayin not to biy 8 months ago. Well, I Bought ! Glad I did !! Dca in. Dca out
You ride it all the way up and sell when you start seeing the downward pattern. Not sell every 5 minutes
Merry Xmas Dan 🎄
lmao kids eh ahahah love it
No NEAR in your Sept 1 simulation?
Just a heads up, there was an ad before the video started. There was a crypto scam with a scannable QR code. I reported it, but I would let your viewers know, never scan a QR code.
Rob, I too figure to scale out in the next 6 to 16 months. Not all but around 25% of the BTC/ ETH bag.
Small stake in CRPT for some alt exposure Will sell all of that within a yr.
Please keep us advised on your scale out strategy.
Thanks Rob, and keep up the good work.
$AELF was looking promising, so i didn't sell when it doubled… and then it sank like a rock.
Take profits!
SOL will kill ETH all the way!!😂
Rob your buddy Ben said BTC going to $10k!! So still waiting for that dip!!😠👨🏼🦳
Man… cut this crap!! Should have listen James and buy shit ton of SOL!!🥲
Wow… the kid doesn't know better than to bother you when you are doing a video?
correct about Germany!
OK had I guessed the right Powerball # I would be rich to Dickhead
There is never a truer statement. Selling your buys that made your gains is a lot harder then you think it's going to be.
The only way to like Vivek is to not know about what he did to retail investors in his Pharma rug pull.
Rob, an advertisement that just played prior to your video starting was a scam. It was nearly 2 minute long deep fake AI generated advertisement of michael saylor speaking and soliciting viewers to send their bitcoin to tue QR code displayed on screen, with a promised return of double your bitcoin. How on earth could this have slipped by youtube. I fear many of your viewers will fall victim to this scam.
Merry Christmas, Rob & thank you for everything! ⭐⭐
Merry Christmas!
When you can go full blown degen on micro caps, I would say the market is quite overheated. Nothing is better than taking out your initial investment and watching the rest moon
Thanks for all these great shows in 2023! Merry Christmas to you and family… and a very BULLISH 2024!
A safe & Cherry Xmas/New Year to all you Love, Rob.
Love your salient news, as a crypto newbie. Thx.
Dan, I find your thesis incorrect regarding BTC use case for a P2P transaction mechanism. Sure the white paper stated this but it did so without knowing or factoring in the actual transaction speed required for it's daily use. The halving events also make this P2P use case not viable due to the increase value from supply shortage. I don't think you can ever really say that it's anything other than a store of value, like grain silo size storage…
Rob you rock buddy ✌️😄😎🏄♂️what an awesome Gramps you are 😃😄🎩
President Biden again and we collapse
If you keep shares/crypto for more than a year get a 50% tax discount on cgt. Also on property here.
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