Q&A – BITCOIN & CRYPTO PULL BACK. $200B GONE! HOW LONG? RECOVERY?? WHY???

Q&A – BITCOIN & CRYPTO PULL BACK. $200B GONE! HOW LONG? RECOVERY?? WHY???

go from there that’s it uh let’s see crypto King says it’s a zero sum game especially L coins it’s a good point nobody wants to say that you know nobody wants to say that nobody wants to tell you like you know hey like polka dot sponsored me for whatever reason like yeah that’s just how it is like in my description everything you guys click on is is is an affiliate link I even put a little asteris and I said this is an affiliate link but yeah it’s a zero sum game and you know at some point you’re going to sell and that’s just how it is it’s the same thing with stocks okay let’s see jockey of CR says Rob sh on AO this is just a green screen this goes with me wherever I’m at I could be in I could be in Norway today I could be in Spain I could be in Puerto Rico where I live or I could be Trav that’s why I like this green screen it’s beautiful beautiful right yeah accelerate profits says World mobile for the win I gotta tell you there was a great piece if you don’t follow Ada ape follow Ada ape and I’m going to show you some of that world mobile token let me see if I can find this one I should have retweeted this damn it but I didn’t first of all uh guy over at coin Bureau on coin Bureau Club he did a an in-depth analysis of it and uh he stated he stated that uh it’s like one of their one of their best reviewed altcoins or one of the best and then we had we did NFA live yesterday it was me Ben from the crypto and Jessica from coin Bureau and her top three picks one of those is World mobile token and I I I had to agree and also as I’m saying this you must know that if I talk about it means I own it so I’m super biased right there’s nothing I can’t say this enough I’m biased it’s true but this was a good one from a to8 and I didn’t realize this but it makes it makes sense to me and I should I should really retweet this I’ll do this in a bit and he says this couldn’t be more obvious I’ve never seen such an asymmetrical play and it takes a look at the daily active users and tour ton is one of my top piics right the value in the market cap 17 billion 792 million 548 39 which means a value per user and you break it down 45331 you take optimism Aptos and jeto and World mobile for the daily active users and you divide that by the market cap you see the value per user is amazingly low World mobile token crazy right crazy but it’s something to think about and then you might say to yourself what the hell is World mobile token well I did a video if you do a search for digital asset news and World mobile token or just World mobile token you’ll see a bunch of videos on it why it’s going to be big it’s essentially a dpin play and I’m also an earth node operator so uh I think it’s going to do well well I’ve set myself up we’ve I’ve been following talking to Mickey for like over two years now we’ll see yeah we’ll see and then that one from guy let me see if I can find it I don’t want to put words in his mouth and I sure do tweet a lot sweet Mar oh yeah one more thing I’d like everybody to have this burned into your brain uh when people say don’t take profits Diamond hands I want you to remember this remember this image don’t take profits well toys RR us Blockbuster Radio Shack beg differ and of course people would say well I think heard toys RR us is coming back yeah after a fouryear Hiatus from being in bankruptcy nothing everything makes it let’s see here aha gotcha so this was the quote from the video itself guy says uh and this is just not guy of course it’s his whole team behind coin Bureau in these states in the video there’s 10 times 10x more adoption than its competitors with a 10x smaller market cap the risk reward is one of the best we’ve come across in our all interviews that’s exactly what he said and uh he guy himself does not own that he says he may allocate to it but Jessica does and so do I anyhow maybe something to look at just saying Patriots so Bitcoin will die bitcoin’s not going nowhere bitcoin’s not going nowhere and I gotta tell you if we if we really get into it and there’s any kind of thing where like President Biden or president candidate Robert F Kenny Jr or Donald Trump if if they start to really Implement Bitcoin into the US strategy for Domination I think it could do very well that would be crazy Glenn Fischer best guess in the link of this dip prediction it’ll be between 24 hours and 6 months somewhere in between there will be this this pullback not for sure I don’t know man I don’t know but there’s always a plan the plan is well I mean you just kind of sit back and go maybe today I do nothing you know we can do nothing remember that it’s not like we have to take action like we have to buy every dip and we have to sell at the what we think is the all time maybe just sit back into nothing today enjoy the enjoy the day if you’re in America most of you are off today congratulations NE I one of those Diamond hands I just hold will never take profits more than 100K worth of unrealized profits disappear but it will yeah you’ll probably be rewarded later on but it’s when you really got to take those profits at it’s good when it’s there right and I’d rather take profits when it’s there and I need it especially for like uh you know we bought a new property so we needed pretty large cash because it was a cash only offer and uh it was going to take profits back in March and April like I like I tweeted about because now if I had to take profits I’m like damn it I had to take profits now because I’m still on profits in a lot of places I had to take profits now would kind of suck but again my might go lower no Robbie you’re looking very well thank you I appreciate that had a couple good nights so yeah went to Morton steakhous last night over here and uh man place is pricey the steak is fantastic there’s better places in Texas but just saying it was a good good night with friends had some vinotinto great this morning went for a walk by the beach not too bad okay yeah P says Rob I agree taking profs are important folks also need to factor will have take ta to yeah go through if you’re ever wondering about that there’s a great website it’s called coin Ledger and did you know that coin Ledger this is what I use for all my taxes but there’s also a port a portfolio tracker that’s free and it’ll tell you what’s your long-term capital gains what’s your short-term capital gains and from that you can ascertain what your taxes will be so yeah everybody’s like talking about taxes but here’s as a reminder as a reminder you know not everybody has to pay 20% or 33% or 44% it’s all different based on your particular income and your particular country that you live in so I don’t usually talk too much about taxes because it gets too complex but as long as you understand what your tax implications are sure like here like in America if you wait for a year or longer we’re paying long-term cap gains which is like 20 21% if you do the same thing in Germany you’re paying 0% so yeah it’s one of those things Dez is here Philip says hey Rob cold stor doesn’t doesn’t support most coins what’s the best place to hold that point send the metam Mas I feel like I have to hold on exchanges yeah like I hold a metam Mas for something but usually like these things really for the cold storage devices usually they’re really catching up also like to say one thing about [Music] damn it let me see if I can find it there it is I don’t know if you know this but first of all I talked to tangum and uh tangum is the cold storage device I use it’s just a card and there’s a link in the description for the video and we talk all about it and if you want to buy it it’s like a 5% discount but it’s an affiliate link so if you don’t like affiliate links you don’t have to use it you just go write the tangent and buy it but you don’t get 5% [Music] so two things I the tangum and they’re going to have native staking this month from what they tell me which is great they already have staking but it’s through wallet connect I don’t like that I don’t like a third party to be integrated in between what I’m staking but in July they’re going to have native staking meaning you can stake right from your cold store device no crappy thirdparty integration very safe and secure fantastic then I can start staking all that salana and all the stuff that I have right but this just came out today I thought this was pretty interesting tangum introduces Visa integrated crypto wallet for secur payments so they actually partnered up with visa for payments tangent pay will be available for any uh self- custodial wallet V’s head of crypto Kai Sheffield emphasized that the company’s collaboration with tangum is crucial for the future of payments States our partnership tangum aimed to driving the creation of nextg payment solution we’re excited to work with tangum to help people out that’s pretty good so uh yeah as far as like and then to get into tangum most the things that you’re going to need a lot of those are on tangum they really are but if I don’t have it on tangum I just keep it in metamask and I try to minimize my exposure there’s a reason why I still have over 70% of my allocation is to bitcoin it’s because I can keep it in Tangent and it’s the most safe and if you don’t and I think that for the most part if we keep dipping which we I think we will then means that uh Bitcoin will dip but all coins will really get crushed not all of them but uh the majority nothing wrong with that Dan says what methods do you convert profits to USD if in the USA there’s a couple ways to to do it first of all I would love it if I can take a loan against my Bitcoin unfortunately I learned my lesson with Celsius that that’s a far way away and I know there’s people will say well this company’s coming out and this company’s doing it don’t care because I will let all the new people try it and I will sit back and just wait for the final assertation as to that that actually works if that’s if that works after a couple of years I’ll give it a shot until then if I need to take profits I only I only use coinbase right now uh Kraken if I really need to use something but I’m in I’m in America so I can use I have very limited amounts of my on andof ramps and the majority of that would be coinbase now I can use tangum if I really want to but they use crappy moonay and moonay has like the most exorbitant fees that I’ve seen I buys them so I will not use them having said that if I’m going to offload and I need to convert I got to pay the fee over coinbase which there’s a reason why that’s why they’re doing so damn well because the fees are crazy uh I will put that into cash or I’ll put into stable coins and with stable coins you can actually take the stable coins off and you can put them in a tangent if you so choose to right which is pretty nice or you can put them into your bank by just cash I never leave cash or stable coins on on in a centralized exchange learn my lesson with voyager and uh that’s how I take profits there now Dan if you’re in some other country I don’t think you are look like you might be in danm maybe New Mexico then I just use coinbase do that and also if you’re looking for to reduce your uh fees instead of using coinbase regular you can use coinbase Pro and if you through the app there’s a link but if you just do you know coinbase Pro and how that works it’ll show you how to do it all right Jacky crypto says Rob do you think that if you have a certain amount you shouldn’t put on Cold Storage the alternative would be what to put keep it in a centralized exchange or hot hot wallet I don’t know I don’t think so but I will say that there is a certain amount of a low amount let’s say you bought $10 worth of ethereum right and then you’re like oh well you know I hear I’m not supposed to leave on Exchange and you try to move your ethereum when everybody’s moving ethereum over to your cold storage device and it cost you five bucks or seven bucks or sometimes 20 bucks and you’re like wow I have $10 and the fee is 50% to move it there’s no reason to move it so it’s like yeah I would just keep it there until for one of two things when you have an adequate amount that you want to move over or that the fees actually go down just saying say under five oh say under 5K no no no I mean I still move it I personally move it but like let’s say that you’re I don’t know you’re Jeff Bezos and you’re like okay I got 5,000 in coinbase that is my tip money I don’t need that right let’s say your your name is Candace and you are a single mom with three kids and working two jobs to make ends meat and you have 5,000 you’d probably want to move that out the centralized exchange just saying so everybody’s different it depends on you I prefer Kracken over coinbase sounds good k.com works well for you yes it also does I just don’t use them cold over hot if you can exactly m a loan against your Bitcoin that’s a bit risky that’s super risky but it’s amazing how like we just talked about this in 2022 if the collapse of Celsius and now everybody’s big onto this whole thing like oh just take a loan against this new company that just popped up overnight like am I living in fantasy land but okay have fun Rob can you use your Visa can you use Visa on tangum with Stables or just project coins I don’t know how the visa thing works out I know that you can put your Stables on tangum I do it all the time on different chains I have it on erc20 I have it on Tron I have it on Solana and whatever else and that’s usdt that’s tether and usdc let’s see p sax is right on track to get a Voyager check and Bu The Dip well let’s hope so like to receive some of that money back that’d be great yeah yeah crypto King says single mom three kids two jobs I always use that example because that’s my mom when I was growing up yeah Rampage says are we being wrecked intentionally this isn’t adding up n i mean perhaps but I mean like look if you’re a mountain doc guy or gal you had and you put a big chunk of of Bitcoin in in 2014 or 20 yeah 2014 or you accumulated 2013 and 2014 you know and you’re like wow I just it’s like a 60 to 500x why wouldn’t you sell some I think it’s the I think it’d be ridiculous but a lot of people say well those people back then they really believed in it things change I’m just saying someone’s going to sell and the question is how much of that cell pressure can we absorb I don’t know all this stuff all this stuff is Small Potatoes compar to the Elon Musk crash and FTX collapse yeah the FTX collaps that was pretty bad let’s be honest but um I uh I think there’s other just as things move forward there’s always more more negative to go and it’s a funny thing because as we get into this this stage people will start to feel more bearish and more like when you’re in the bearish market let’s be honest we’re in a bare market right now we’re in a a bare Market if you’re taking a look and people say no it’s not true let’s take a look at the definition of a bare [Music] Market let’s see so when prices and this is from Investopedia when prices in a market decline by more than 20% often accompanied by negative investor sentiment and a weakening economy you’re in a bare Market some people will debate if it’s a weakening economy but you can’t say that the the sentiment which I just saw we were at fear not too long ago I think we’re Heering on Extreme Fear And as far as like a market decline by more than 20% we’re there so people say no no it’s a bull market that’s not the definition but I’m just saying so when we’re in these markets it always feels like and when you’re in a bear it feels like it can only get more bearish and we’re in a bull it can only get more bullish and usually that’s wrong so T says I’m going to bull market in my mind I’m going to bull market that’s good oh play Mario Brothers sounds like a good plan yeah Dez says damn it Rob I was looking forward a break here with you in the bull market looks like we’re still here for a while everybody would do it oops sorry maybe Wi-Fi might blip out here and there macro bull mini bear sure shortest shortest bull market ever I will remind you guys let me take a look at this remember this let’s [Music] go right here remember this bull market everybody was excited man we went from 10,000 to 62 actually that’s pretty let’s take April 20120 all the way over here W less than a year it’s pretty good and we’re like this is the greatest bull market ever and then what happens 63 so what 31 30 29 do you guys remember this I guarantee the sentiment was bearish at this point when he lost from April to like two and a half months it dropped by 50% or over 50% and everybody’s like well that sucks I guess the bull Market’s over then what happened back to 67 suckers so some people say that’s it you know this cycle we’re done I don’t and there’s more to the upside but who knows Sal is the easy play sure dins says uh being at fear level with Bitcoin at 55 I wonder if uh see if we can steal some of Ben’s info all right let see uhhuh where are we ah we’re just at fear let’s blow this up we’re at 29 when do we get to extreme fear I guess I’m 20 yeah 25 so right now we’re in fear I guess as we keep dropping it’ll go to extreme fear that’s just how it is let’s see Rex says ETFs messed everything up as far as the cycle goes yeah but use the things Brian says 42k is the answer everything it could be jolly magnificent mustache in that picture Jolly says no the first time around for me congratulations ah the first timers when everything’s fresh and new these are the best well you got your badge today and then of course if you’re still here you did a great job a lot of people are already gone so I commend you Jolly let’s see Matt says I know that the fear of Germany and mount gaau is causing a lot of fear I know you don’t make price predictions but how much F you think it will fall I can tell you how much I hope I think we think I think we fall I hope we go down somewhere in the 40s I know people like some people are groaning but if you look at a week to week that’s a pretty crappy way to look at it but if you look at it month or end of year to next year okay look I don’t know who I told this to but I was talking to to my group this morning and I said remember that I know like we think this is awful but I remember in March of 20 when we started to hear actually in February 2020 when we started to hear the Rumblings of the cesa sickness something happening in China right which we all thought it was another Aven bird flu like yeah whatever won’t reach over here then of course it got released in the lab sorry that’s true and uh it went to become a pandemic whether that be real or not I don’t know but it you can’t dis dispute that it caused the markets to crash so in that situation like everybody was freaking out right everybody we dropped so hard and everybody’s like okay well nobody’s going to get back into Bitcoin because no one’s going to get into this risk on asset people have to buy they have to buy food they have to buy shelter they have to buy shotguns and guns which you should do anyhow uh because it’s going to be a wasteland also you have to buy a bunch of toilet paper because you’re going to have massive diarrhea from this from this bird flu or sures sickness and no one’s going to buy Bitcoin because they got to buy that toilet paper whatever and then like within a couple of weeks it was like maybe not then like a couple months everything just like repaired itself and uh all of a sudden we started printing money and everything was good so like like in this situation I don’t think it’s I think we’re going to see more problems or more pullbacks because of of what’s going on I could be wrong but uh I hope it does but in the long run again in the long run I don’t think it’s a big deal and that’s that’s a reason why like I’m always harping on these rules which I know people get sick of but what’s number what’s the first rule and the last Rule and I made this for a specific reason I put them first and last don’t invest money you can afford to lose that’s the number one rule so if right now if people are freaking out you invested money you can afford to lose I’m sorry you did that but you shouldn’t have done that the last one is take profits because nobody want bro taking profits I know I get made fun of a lot especially when I talk about it like when we’re like alltime Highs but I’m like people are probably going to sell so that’s it just kind of get from there all all right I will not tell Ben a PR uh Kenny’s got a good I don’t think the bull run will begin till last quarter I can see that for sure I don’t think the bull the real Bull Run lasts or starts until we get a little bit more Assurance about who the president’s going to be the markets do not like uncertainty and they just I don’t think they care if it’s RFK Jr or if it’s Biden or if it’s Trump as long as they know who it is they like okay what we know what the policy is going to be with this guy we know the Poli with this guy or this guy now we know let’s move forward I think that’s the bigger issue just to get out of the uncertainty and that only happens until the last quarter of the year in super Tuesday of course the president takes you know takes office in January but sure I can see Rob longer there’s a time that’s true I’ll be here until the next big big bull run oh Darko unemployment 4.1% Cut Rate soon could happen could happen I but the question was Darko uh what was the expectations for unemployment I forgot and TM says once you’ve experienced the cycle The Fear Factor drops significantly so the price flying all over the place yeah like we were doing a Meetup over at uh the smok house on uh was it yeah Wednesday and I was talking to a friend of mine Diego and he got in in 2021 when everything was going crazy he was very very exuberant and young guy and you know he this is going to be it this never going to it’s keep going up and of course he got wrecked like we all get wrecked right and now we we’re sitting on a table just talking and drinking and he’s like you know he goes I don’t care what happens at this point he’s like it does this I do this if it does this I do this you let’s see what happens in 2025 and I was like yes yes that’s exactly it you are it’s like a metamorphosis right from like from like a a grub worm to a butterfly it’s amazing I’m like that’s exactly how most people do this they go through this trash and they they go to the other side like uh Panda says ra for everybody for who it’s in the first cycle would you not say everything as it should be we were expecting for a pullback anyway 55k is not bad 50k here for long it’s it’s a little different because of the and someone said this before it’s a different because of the ETF it accelerated everything and we had talked about this uh back in February how if we take a look from you know the having or excuse me uh from the all-time high to the having we were just so far ahead of where we were supposed to be and even now if you look at 55k or 50k if you look at the last cycle 20 just do that so let me explain this if you look at the last cycle from 2020 which again 2020 was the last having right actually 2024 was the last having the one before was 2020 May 11th or May 12 2020 right and the all-time high in the previous cycle was 20,000 so in may we were 50 Jesus we were 50% of our all-time high roughly even say 60% of our all-time high when we hit in April for our having for this site we were already past the previous alltime high so like we’re way ahead of schedule 55,000 shouldn’t be here look this is May so from from April 2024 May June July right let’s say like three months so let’s take May June July let’s take a look in August 11 that’s still like 40% down from its all-time high from us we’re like 73 to to 55 we’re still like right where we should be actually we’re we’re ahead of that so I think we’re actually farther ahead it just seems so bad because we went up so fast that’s it yeah R Paul say we’re going to a banana Zone I guess that guy’s if you want to get some hopium r Paul’s your guy I had some right predictions no one getss it 100% right it’s the ban up ping downward that’s good Matt says but coming in October 21 I came to the top yeah you did that sounds just like me I came in November 2017 the top was the next month you came in October 2021 the top was the next month I watch every drop down a 99% down these are sales fire sales yeah imagine if you would have bought back then oh watch this let’s play a little game there’s a website called coin market cap historical let’s say that you would have bought in 2022 like what Matt is talking about and the low was roughly because it was 2021 was the high and then a year later there was the low here’s the prices back then let’s take November I don’t 20th so Bitcoin was 16,000 ethereum was a th000 B&B was 264 I don’t know what it is now oh my God xrp was roughly the same price that’s pretty sad cardano was 30 cents also almost roughly the same price 7 cents for Doge 80 cents for polygon polka dot 529 what is the price today I don’t even know what the I don’t even pay attention anymore B&B is 47 B&B was half price you would at this dip you’d still be doing great that’s why some like when you see people are not really that concerned that’s because they’ve been buying for throughout this these bare markets xrp is 41 cents today historically it was 36 Cents that is sad well whatever polka dot was 529 what is it over here oh look at that nice fire only cost half a million dollars uh 554 yikes yeah he’d be even Steven let’s see Shea enu I don’t want to get in that Tron was a nickel what is Tron now it’s way down here I’ll tell you that did I miss it oh number 12 sorry 12 cents oh you’d be up look at that see I should stop making on a Tron salana was 12 bucks wow salana today 130 bucks so yeah pretty crazy right that’s the power of investing when there is a brutal bare market and nobody wants to buy what does that sound like sound like today anyhow why isn’t Bitcoin cash in that list I don’t know let’s see I have no problems with Bitcoin cash my guy digital Dave loves it let’s see so Bitcoin cash was $104 back then today it is 3:14 there you go still be up we need Jim Kramer to say CNB said Bitcoin is Captain finish exactly yeah when you look at when you look at other streamers and they are giving crypto te from a room on the ghetto you have to yourself if they are doing this great why slums remember first of all this is just a green screen I could be in the slums myself and it’s not the place that you’re at and it’s not the car that you drive or the things that you own it’s how I known many of people especially in Puerto Rico they don’t seem to really flaunt their wealth I mean the reasonable people not the not the goofballs that are you know say Lambos and moonshots but uh just the normal folk who have like a lot of money they don’t really flaunt it too much I think that’s the one where you you’re like oh that’s how it’s supposed to be like me I do fine I own the lambo of minivans uh Dodge Grand Caravan beautiful great gas mileage very comfortable lots of space I’m also old that’s why let’s see a yes Rob the great toilet paper friends of 2020 yep exactly Matt says Rob which has more offside slon or a ton feet to the fire I buy both and I buy both they’re going to do both do great salana is you know watch that deep di from yesterday wasn’t very popular people don’t want to see it but I got to tell you I take a look at that video there are some downfalls to ton one of those being regulation not adoption they they’re they’re crushing that part and not speed and not Tech they’re doing just great but there’s some problems but uh no I just buy both I can’t say one or the other because that isn’t it’s not what I’d ever do no 11:21 all right exactly uh a says shall we DC now or wait for further drop I bought today but you know you might look at this and go no it’s still going to go down further I know I got to tell you like every time that I think like it’s going to keep going down I know it and it never goes down again and then you know shoot I should have done it and every time I’m like n you know I’ll probably just DCA then it starts going up so I mean you really can’t really lose too much if you dollar cost average is like a superpower then of course follow the rules don’t invest money you can afford lose don’t use leverage everything is scam Pro otherwise don’t leave things in exchanges and take profits long away Dutch says you only lose if you exit is that true it’s true to a point but you can talk to the people who got into bitconnect talk to the people who bought a ton of different meme coins talk to Rob who invested into uh the bgx token Voyager you you will lose because some will go to zero so you got to understand that but the question you have to ask yourself and that’s why I have so much and people always ask me like why do you put so much into Bitcoin because even if it doubles if it goes 120,000 that’s still that’s only a double it’s a risk to reward ratio I’m fine just like that so like with with the other stuff that I’m I’m looking at my altcoins I’m like 99% of going to go to zero they’re they’re not they can’t all make it there’s no need for them so I will lose I will lose on some points for the alt coins because even like even when I sell 80% I’ll still lose 20% because someone go to zero and I’m okay with that as long as the other part makes up Matt says oh you missed the first part of the comment about 9% I came in uh did back in 2021 but I didn’t buy Bitcoin till it dropped to 45 I thought it was too high now it’s pulled back %. I mean 45 is still still up right but I see I hear you I hear you Zen coin is taking off well that’s great Ro can check the Bitcoin risk chart it we’re in between the 0.5 to 0.6 uh time and risk bands yeah Chan link is doing horrible and it’s actually partnering up with all these Banks and doing real world assets and the crossb payments it’s crazy that’s just how it is right it was maybe it was overpriced hilarious Justin’s son has a cult China following yeah and he did make an offer to the German government he said look if you want I’ll buy all your Bitcoin from you so it doesn’t affect the markets which is pretty slick Ramen said Peter Schiff is happy right now Peter Schiff is ecstatic right now because he’s the one who said I told you it was going to happen you know what Peter Schiff is he’s right on this instance but he’s so annoying it’s like the people who like like they they tell you for you know 10 years there’s going to be a recession there’s going to be a recession there’s going to be a recession you’re like okay do you know when no it’s going to be here it’s going to be here it’s going to be here it’s here 10 years later see I told you H sure yeah wild the fight why you bouncing so much uh small earthquakes here Germany holds 41,000 Bitcoin there sign that’s why I asked this cordinated why did Nation sell Bitcoin don’t know I think it’s a bad mistake on their part and the MP actually called them out of the PM said why are you doing this if America comes over and says that they want to you know put this into their Strat for Reserve currency why are you guys selling Bitcoin at such a discount Rob how about Caspa I own Caspa and congratulations to Marathon reminding Caspa as it uh came off with I think it’s their fungible tokens that just launched a couple weeks ago good for them Rob looking to wallet from ton 90% is dangerous no it’s not true we talked about this yesterday let me pull some up so with ton and I said this before too and I got it but I talked about because when when guy had mentioned this in like December I was like I don’t really think Ton’s gonna do well because it’s so concentrated but if you want take a look at into the block and we talked about this in the video yesterday on ton if we take a look at the most decentralized crypto that’s out there would be Bitcoin right and Wales which on one% around that it’s only that is only 1% of the entire circulating supply of Bitcoin which roughly 19.5 million or 19 and a half million tokens excuse me so for this one if we take a look and say well Wales is 1% and some of those could be exchanges keep in mind investors again also exchanges but retail hold 88% that’s what you want to find you want to find a nice balance mostly skewed to retail now let’s take a look at ethereum everybody owns that or most people do not everybody look at retail 49% Wales 41% invest is 10% now look at Dogecoin retail 37% Wales 42% and that’s just 21 cardano probably the second best in the top 20 uh Wales are nine investors 20 and Retail 71 and tcoin on the bottom right hand corner see I can pull this up really it’s split Wales are 29 investors are 30 and Retail was 41 and I thought it was 90% too until I took a look at the data and then I asked myself where did I get this information it was old information and I know why they did it now there was a great interview with Tucker Carlson and pav pavl the uh the founder of telegram and he said yeah we got sued by the SEC we had to step away from the actual token then the community took it over that’s why it’s called ton the open network and they ran with the token itself so the whales were like because you could it was a proof of work in the beginning and you can actually mine it and a lot of them did mine it and they they mined the hell they had like 90 some percent concentrated in those wallets but over time and what they did was smart they didn’t dump on everybody and like ah short-term game see a suckers they slowly released it and that’s why you didn’t see the price collapse that’s why you see it now in number nine and that’s why you see how like again from its all-time high tcoin is only down 16% at the top 100 I think it’s like the second best performing one that we have so I get that that a lot I think it’s probably partially because of me of my outdated understanding of what it was but now I see it and it looks pretty good does that mean it’s perfect no it’s got problems watch the video but uh yeah it’s not as bad as I thought it was that’s on me I made that mistake I was like a cryptoapi that’s a good point Lord Smith says channeling doesn’t follow Cycles I remember my first cycle when I went from 2021 excuse me 2017 2018 2019 it was like the only thing that went up at this really random time in 2019 was chain link I was like so happy like wow this great Justin son says he’s always buy but does he I don’t know it’s a good one son is a scam artist I think that’s the second favorite favorite term in uh crypto one is one is uh when Moon the second one is scam I don’t know oh yeah bit torn it’s true I don’t know what happened with that [Music] collapsed what’s the usec we done good question so it’s not to bore you but go watch the video it’s just so first of all tcoin is an app on Apple right T just rolled out their own apps you can have apps within apps they can use tcoin within those apps also the fact that it actually launched a well on Tether usdt is actually placed within ton now and you can use that for payments there is roughly 900 million roughly a billion people that use Telegram and now they have access to that crypto to make payments in usdt which is Peg to the dollar that is a huge amount of utility right there if you can make make payments remember xrp that was supposed to be the thing that’s supposed to do never did it and now here we are and it has this app then you can use those apps and just between us I don’t if you knew this but you can actually gamble inside the app using ton coin usdt not coin and everything else you can buy upgrades within those apps and those apps just aren’t stupid games you have like VPN service you have uh is it like file coin uh um services that actually hold files and documents kind of like like the cloud you have something like that dating services I get into that and you also have games organization Services calendar service all these things that you have in the apps and that’s what ton can do so watch the video and I don’t want to get into it because people are going to start to fall asleep all right watch vegan crypto only one who’s truthful yeah I like truthful people sounds good hello from Romania it’s a good point here’s my conspiracy Germany is selling without going to the OTC markets that is a fact in my opinion they do so because they want the price to plumm it so the rich friends can know cheat I could see that oh this is the first question what am I for so I uh hit my head on these falling prices now I was one of these things where uh ran trunk of the car hit my head got a big gash so I don’t want to show this this open wound so I put a little bandaid on let’s see favor crypto word is soon exactly ah BTT billionaire better than me and me and uh and the rest of the of the EOS millionaires like beardy yeah let’s see how would you have taken profits from this year to now when Bitcoin went from 20K to 74k it’s not just taking profits on bitcoin it’s all the different cryptos that I have so like as a reminder and I know this is a very unpopular way to do things I don’t blame you pain in the a but for me for my portfolio it looks something like this I need to update this this is from January but you can see it’s a lot of ethereum but then you got ethereum soul near cardano now you got ton aex link STS arbit mutable injectable Cosmos polygon and like a ton of other ones 57 plus so like for profits remember I’ve been buying since 2022 so in that situation like a lot of these and I’m still in profit on a lot of them I like I said like we’ve done the hard work so I take profits and then you know hopefully it drops back down below my buying price and I can get back in but if it doesn’t it’s okay because I take those profits and I put in other assets those assets being more real estate and those are appreciating assets I don’t take those profits and go o great you can go buy a cyber truck or something crazy like that I don’t really have any use for that so it’s just asset rotation essentially and where you see things and for me it’s a risk risk reward type of deal so uh yeah that’s it Rob trying to catch a falling ey someone’s lost an eye yeah and this is true ITX says your favorite alt coins are on sale if you look at like that that’s true it’s funny thing like right we go into a store and we’re like wow 50% off New Balance white shoes or whatever you’re like 50% that’s crazy I gotta get that or you do you don’t but then we look at like in the stock market or in crypto like 50% off I’m not buying that trash same thing do it’s over Gwen ever says Rob what’s your opinion we’re starting a bare Market a prolonged bare Market possibly I think we’re in a bare Market we again we take a look at the the definition 20% drop sentiment is low and fear and weakening economy that’s debatable but uh yeah bearish we’ll say but um for a prolonged one probably I thought we’re actually going to just kind of be flat for quite some time until like again I don’t think anything’s happening I don’t think anything’s happening until after this presidential election gets gets uh gets done with and that’s it all right I think that’s it we did it an hour and 12 minutes let’s get out of here everybody everybody thanks so much for stopping by I appreciate you like today’s video Thumbs Up And subscribe all that good stuff and again if you don’t like the prices don’t look at your portfolio trust me come back in a while prices will change and uh again I don’t think this summer is going to be too exciting it could be wrong but uh if this is worrying you again try to follow the rules don’t invest more than you can afford to lose everything is scam up or otherwise don’t use leverage don’t be on exchanges take profits along the way when you’re in profit yes you can also consider that as far as your your taxes but go from there that’s it for today everybody thanks so much I appreciate you see you on the next one adios

Bitcoin and the entire crypto market lost almost 200 BILLION in 24 hours. Here is WHY it’s happening and unfortunately WHY it will probably continue to dip.

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●▬▬▬▬▬▬▬▬DISCLAIMER▬▬▬▬▬▬▬▬▬●
#BITCOIN #ETHEREUM #CRYPTO #SOLANA
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.

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