[Music] welcome back to the Crypt Trends podcast where we cover all things cryptocurrency blockchain web 3.0 and AI I'm Robert croak and I'm joined by my co-host Armando pona both of us in our amazing team are excited to bring you the best information guidance and strategies each and every Wednesday so follow along and always remember to take notes and take action in this week's episode we're going to talk about why Bitcoin pulls back to local lows why are altcoins getting crushed during bitcoin's pullback and new altcoin callouts as well as the strategy and at the end that section will be dedicated to answering all your amazing questions so let's get into talking point number one which is Bitcoin takes a dip Armando what do you make of bitcoin's price action over the last week I have a good feeling I know what you're going to say I'm excited but uh take it down for our listeners and uh let's really get into this now when I see Bitcoin fall I always look at it as an opportunity and this was expected if you've been listening to the Crypt Trends podcast we've been talking about uh Bitcoin possibly falling around the having Bitcoin reached alltime highs before the having this has never been happened before so there was a not a lot for us to go on or what to expect but I think what possibly happened is that the institutions the banks and the uh the rich pushed Bitcoin past the all-time highs and there just wasn't enough momentum left to get it any hard than n without the retail involvement yeah I agree Armando and I think that's shown in the technicals I think there's two major takeaways from this uh number one is Bitcoin nearly doubled from the ETF approval catalyst so you know the buy the rumor sell the news kind of thing and then number two Bitcoin now needs consolidation until its next major Catalyst which is the having happening you know in a few days from this episode yeah exactly Robert I just want to say to our listeners that imagine Bitcoin exploded after the ETFs were approved now imagine what's going to happen once the having hits once the retail investment comes in once other countries around the world approve Bitcoin ETFs and maybe even ethereum ETFs the this is going to cause the demand to Skyrocket remember that having limit Supply if the demand comes in and it's stronger than what it is today we can expect just based on the basic laws of supply and demand the basic laws of Economics that crypto and Bitcoin in specific has to respond positively to that situation yeah something for everyone to consider talking about the ETFs is that we saw that pullback where Bitcoin went down to like 38k and then prior to the hav we were back up over all-time highs and that's why I Still Believe We Are early in this bull market when this having hits the supply Dynamic improves because Bitcoin production gets cut in half and demand either Remains the Same or increases so as a result of this price typically increases as well and this is very important for everyone listening and following along to understand I remember in last week's episode you and I were discussing the strong possibility of Bitcoin bouncing between all-time highs and 60k for a little while and we saw that happen while none of us knew what was going to happen with Iran and Israel and some of the news that happened so many people just had these knee-jerk reactions which we strongly suggest you don't do so while this isn't what a lot of you wanted to hear this is a scenario that has started to play out and this is typically what happens leading into and a few following after the having and and it really is out of everyone's control to know exactly what's going to happen that's why we try to give you these updates in our lives in our private communities because at the end of the day news happens Wars happens Co covid happens there's always something that can come up and cause fear in the markets and cause draw downs and this is what happened in the last couple weeks so with respect to the having miners begin taking profits on Bitcoins when they've been accumulating while the mining reward was higher and Retail investors immediately buy up on those sales this creates a steady balance of buying and selling which is so important for everyone to pay attention to and when the mining selling pressure subsides usually a few months after the having that's when we generally see price is Skyrocket and that's why we say when the having comes in the next few days don't expect a big Candlestick up in this crazy price action it could remain stagnant or even down for a little while after the having and everyone just needs to just relax when in doubt zoom out and be able to follow along so they know what to do in this price action yeah I mean uh another point I want to make is a lot of people don't realize how much Bitcoin and the overall crypto Market has matured over the last few years a lot of people don't remember but back in 2017 late 2017 I think it was December uh that was the first time that the masses were able to short Bitcoin and that caused the price to to plummet right after that that was really the Catalyst one of the catalst that caused that uh draw down in that cycle so uh when markets are immature that only a few participants that means that the price movements are normally very violent very uh volatile as the market starts to mature more participants come in and the price starts to become less volatile more stable there's people paying both the short side and the long side people plan for profits as it falls and people plan for profits as it rises this causes the price to be more stable so that's the reason why we're not going to see those 30 40 50% increases in one day people don't remember back early in crypto 2004 14 13 15 uh we used to think 30% was is a normal day you know is that I had a friend that one time he would call like I would call him and say hey man uh bitcoin's up 10% today he would hang the phone say don't call me unless it's 30% or more and that's that was normal yeah people didn't get excited like they do now but now you know as Bitcoin is becoming more mature uh we're seeing that price stabilize a lot more and uh you know we we get excited now over five six maybe even 7% uh but like I said is yeah Bitcoin can increase that strength again once the retail investment and involvement comes in but for the short term I expect the price to trade sideways as the having starts to take effect yeah exactly and that's how consolidation works now that we're in a more mature Market there's a lot more buying and selling taking place on a daily basis we have the retail investors we have other countries we have all of the big ETFs now so we're not seeing this the normal buying like we did in the early cycles and so right now the buying pressure is going back and forth which is why we've seen prices go up and down within a range um so it's still my belief that the Bulls sooner or later uh will regain control and the market will begin to pump again so what are your thoughts on that because that's the $ hundred million question that everyone asks us is where is it going and in what time frame so touch on that a little bit for our listeners yeah I think it's hard to pinpoint when that selling is going to subside but we're less than a week right now away from the having uh so I think that's going to be a major catless for this bull market going forward and remember it's not going to happen immediately it's not going to be the next day we're going to see Bitcoin go up there's still some miners that are going to sell some Bitcoin into the market as they give up there's going to be a lot of things happening I believe that the institutions and the banks are going to use it as a selda news event uh and try to push the price down one last time uh so it's not an immediate effect it never has been but also the media is going to use that as a uh opportunity to push the price down because then they can say two things like they've always said in every having is that the having it didn't take effect this time or they're going to say that the having's already been priced in that's going to scare some retails and some of the unsavvy investors away and that's what they want that will get the price down enough so that the retail so that the banks the leading the rich will have one last time to get into the market yeah and so the news broke a few days ago that China uh in Hong through Hong Kong uh approved Bitcoin and ethereum ETFs now that's going to allow the Asia Market to uh make sure that the Bitcoin price is more stable and it's going to bring in a lot of investors Asia is one of the biggest markets on the planet here on this podcast we've talked a lot about China's obvious and eventual re-entry back into the crypto Market no I had I didn't hear anybody else talking about that except here on the crypto Trends podcast now that this is why it's important to keep your finger on the pulse here on this podcast because we're always first to the news another thing I want to say is that price manipulation is highly likely to happen over the next few months like I said with the news of the having the media is going to take advantage you can scare some retails away uh and I think that this is going to be that chance for those big investors who have been on the sidelines for a while the late adopter investors to get their positions in before that mass retail involvement yeah these are all great points and I couldn't agree more um when everyone was freaking out during the dip last week to 60,000 I immediately took this to social media to explain that this was again likely Market manipulation at its finest you saw Peter Schiff talking about how Bitcoin has no store of value which is crazy to me uh and he talked about how he could see Bitcoin going down to $20,000 in this bull run but of course Peter Schiff is pushing the gold narrative so hm I wonder why he'd be against Bitcoin so that's interesting then you also have to look at the Chinese announcement of their approval so why would they be prone to want to manipulate the market because they want to get their billions of dollars in from all of their hedge funds and and family offices at a much lower price and this is why no matter how much we stress to all of you to stay in touch don't have knee-jerk reactions and follow along and make sure to understand the broader Market because so many of you even though you listen to us each and every week you don't execute on what we say because you have knee-jerk reactions and then you sell take your profits and sit on the sidelines because you feared that manipulation so I'm not discounting the geopolitical events that happened over the weekend they certainly have been a driving force you know behind this sell-off but to me this move is just strictly Market manipulation because of how quick it was and how it works just so everyone can have a lens of understanding if you're sitting there and you see the bad news and you see Bitcoin or any of the cryptos break down and you immediately sell what happens is millions of others just like you that are fearful and don't understand the manipulation also sell and that's what causes these big Corrections because if you zoom out and look there is no reason for a big correction right now in cryptocurrency it's just Market manipulation and fear because so many of you don't understand the broader market and that's so important yeah so it's a big thing that a lot of people don't understand is that when the market is hot a lot of people don't have a lot of money but there's one solution that could take out what's called a leverage trade that means that they can put a small amount of money borrow a lot more against that small amount and then they're able to trade a lot more bigger sums for example if I got a 100 bucks I can go to some of these exchanges get a 100 times leverage and I'm trading 10,000 right so if Bitcoin doubles I don't make $200 $100 on my original 100 I make 10,000 off my 100 that's a very very attractive offer to a lot of people and a lot of people T to do that in Bitcoin up Cycles so what happens is that the banks the elite and Rich who are smart they can see how many people are overleveraged now the problem with doing that is that when you do that you have if it goes down you have to pay it back and you don't have the money so the bank in order or exchange in order to protect itself they will force you to sell without your control or consent at a certain level down so what happens is that if you sell off 1% of Bitcoin all those people who are leveraged are forced to sell Market doesn't see it as a leverage trade or whatever it sees it as somebody just sold $10,000 worth of bitcoin somebody else did it somebody else did it somebody else did it as the price drops more people get liquidated and it looks like a bigger selloff than it is and then the banks are able to get in at those cheap prices and that's why exactly retail investors which are most of you that are watching this podcast should not be doing leverage trades if you don't know what you're doing and you don't understand the markets and the draw downs and all of the technical you should not be doing this in my opinion I'd like to hear your thoughts I think you should just stick to the basics build up your portfolio learn more you're already here watching this podcast so you're interested in learning and then you can get into leverage trading once you get a little more sophisticated that's my opinion I don't think the average person needs to make it that difficult because that's how so many beginning Traders Get Wrecked is they think it's cool they can do this leverage and then all of a sudden they can't pay the bill if it goes down and they panic and then they're putting money on credit cards which is just a terrible strategy yeah and like I said is leverage trades is for the the very Advanced investor uh that also has the time to Monitor and Investments or put in the right controls so if it goes bad they're able to at least uh you know keep some of their money it's very it sounds easy but it's a lot more complex mentally emotionally and technically to do leverage trades than it comes across when people are talking about on YouTube or something like that uh it's a very difficult thing to do so I would tell people who are new you got Les than 5 years maybe even 10 years experience to stay away from Leverage Straits so my main question Armando manipulation aside is do you believe the selling is done or not leading into having or do you see a sideways Market what are your thoughts on this uh like right now it's very very difficult to pinpoint exactly you know what's happening is the selling over is it not over because we're so close to the having but I think we have a two scenarios that could happen from here one is that there could be a deep impulse down uh like we talked about before the rich deleting the banks can use that as an opportunity to to cause some liquidations and they can get the price down also with the fear of the having if some a lot of people expect it to be immediately they can use that sell to news event and say oh yeah we all got a sale because you know or they can use the media to say that the having no longer has an effect they can cause the impulse down uh and that's going to scare the average investor out of the market I I heard a lot of reports which are completely incorrect that say that Bitcoin has hit it Peak this cycle that doesn't even make sense technically it doesn't make sense uh even Common Sense wise it just makes zero sense the second scenario I think could happen is that Bitcoin can range between 60,000 and 74,000 this would allow bitcoin's price to consolidate at that point and go up in the short term uh back to the all-time high levels as the having starts to take effect either way I don't see any big price movements over the next few weeks it could happen but I I doubt it's going to happen it's too many unknown with the having and then the miners giving up and dumping on the market with uh Hong Kong and the News manipulation and it's a lot of variables I don't it's hard to pinpoint exactly what's going to happen but I know long term Bitcoin is still on the trajectory to reach 200 250 uh what do you think about all that yeah I mean first and foremost if I had my way we would have a an app where we could control everybody's logins that listens and then we could slap their hand virtually and not let them go in and sell every time there's Market manipulation because they always regret it and then they call me three days later and say man that was such a mistake I sold because I thought it was crashing and then it went back up higher and I'm like again it all comes down to understanding your investment thesis if you believe one Bitcoin is going to be worth 200,000 400,000 500,000 or a million dollars like many of the experts and smartest people in the world believe then why are you thinking about or even worse selling every time there is a pullback or a bit of Market manipulation it just doesn't make sense if you zoom out two years five years 10 years and you look at Bitcoin this is what you see you don't see all of the little the little Peaks and valleys and that's just the most important thing for people to understand in these markets so with respect to what you said I like both of those approaches and pretty much agree with everything you said the only place we for a little bit is that I still believe that Bitcoin can break its new highs in the weeks after the having I'm not saying this is the most likely scenario but I do believe there is a strong possibility of that you know we've also talked that Bitcoin could stay sideways until the summer because after many previous Chinese the Asian approvals the Bitcoin ETFs in the US so it's very different so no one really knows and that's why we're constantly looking for clarity to understand where the markets are going and what's going to happen so I feel we'll have a lot more clarity by the next episode and the having will have already occurred so we'll both be excited to see what happens from there we can share our thoughts with the audience but who knows what's to happen we're very excited of everything moving forward and of course we're still very bullish on crypto and Bitcoin for sure I don't see a situation where Bitcoin isn't 1002 200k in the next 18 months to two years I just don't see a situation so before getting into our next topic let's take a second to hear from our amazing sponsor propy whether you're a real estate professional looking to modernize your practice or a buyer seller eager to navigate the market with the latest technology Cy offers an unparalleled platform that simplifies secures and revolutionizes real estate transactions get ahead of the curve and explore how propy can transform your real estate experience today for more information go toy.com okay so let's get into our next talking point altcoins experience a massive dip Armando the Panic on the altcoin markets was unlike anything I've seen in a bull market can you walk our audience through it and what your thoughts are you know relative to what's happening in the overall markets and the timing of the of the altcoin markets yeah uh I've been in this space for since 2011 13 years uh this sometime this year I don't know exactly when uh and with the altcoin altcoin Boom in 2015 uh there was some altcoins before that but there you know with the erc20 tokens there was an explosion of altcoins with icos and all those things that happened in 1617 is that I've never seen as much panic in the market over altcoins as I saw in the last three weeks uh and this has caused altcoins to drop down significantly and it's for me it's it's a great buying opportunities right but I want to get back to this because me and you talk about crypto a lot and I I say it all the time is that and you say it too is that altcoins have an exaggerated correlation with Bitcoin when bit what this means simply is Bitcoin goes up a little altcoins go up a lot Bitcoin goes down a little altcoins dump off a lot right and it's because on most exchanges the number one trading pair is Bitcoin and whatever altcoin you have so that's that's one of the biggest reasons there other reasons too but that's one of the biggest uh but and people still Panic right they still go crazy whenever they see altcoins go down oh it's over it's like the it's like the uh Chicken Little with the sky is falling right it's it's it's crazy the amount of overwhelming emotion I see in in our community as well as our individual Pages uh but like how many times of we told our audience this is that stop letting your emotions overwhelm you you know what's coming you know about the exaggerated correlation I was actually pretty excited when I saw these altcoins dropped and what I did is I went and bought some xrp Fetch and some ethereum yeah I told everyone when we were coming back from Miami that we when we pulled over the car and started buying some stuff when we saw the markets were down and it really just comes down to I think that the reason altcoins react so much greater than bit Bitcoin in these ups and downs is because so many of the altcoin investors are more like gamblers and they Panic sell because they don't know what to do because they're newer to the markets and I believe that some of the more long-term investors in cryptocurrency that hold Bitcoin ethereum chain link xrp they don't panic because they've seen it all before and so so many of these unsophisticated investors they just come into these markets and don't know what to do so they're always in and out and up and down because they truly believe they can time it and no one can time the markets so I guess for me it really just comes down to having a strong understanding of bitcoin's relative position to its overall bull market right now it's clear to me that Bitcoin is still in the earlier stages of its Bull Run so seeing altcoins at such discounted levels really excites both of us because we see it as opportunity and others see it as fear and this is just really really important for everyone to understand you know you always hear me and Armando say to take notes and take action and right now is the most important time in your life as far as being an investor in learning these markets to take that seriously I promise you it is so so important if you've been taking notes the action would be fairly simple to understand dollar cost average into the coins that are heavily discounted that we couldn't buy a couple months ago we had call outs that we loved but they were overbought and we couldn't rightfully tell you to buy these coins at those levels now that a lot of these altcoins are oversold it makes it so much safer as a buy now than it was a couple months ago which may seem counterintuitive because you're saying oh well maybe they were late to that coin or that project no some of the coins I've called out in the last six months or a year I called out three years ago as well but because they were overbought you just you didn't have a good entry point and I think that's what's so important for everyone to understand right here yeah uh based on that notion of alt coins being down I have found some Jewels uh we were talking about this earlier is that uh there's a couple I want to call out right now and I'll let you guys know we've been discussing within our offices is the first one is Celestia uh and that's CIA I remember when this launched a few months ago uh it went like straight up right and then it continued to go up over the next few months after it release and I always knew that they could coin would be great but there was too much attention too many it was over it was getting to the point of overbought right so I wanted to I watched it for a while uh just sat on the sidelines and I knew one day there'd be a retraction and here we are retraction so I think now a pullback like we're experiencing right now is a great time to get involved with that one uh and it's time to start adding that Celestia to my portfolio and I know a lot of our audience members have been asking our thoughts on this one uh and we agree that it's a great ad especially in in this pullback period that we're in right now and that's not the only call out we've had in recent weeks we announced our call outs NX lcx Rio uh which are all tokenization plays and we explained that if they continued up we'd be happy but if there were pullbacks we'd be more happy to add to these positions and that's where we get the dollar cost averaging and fortunately for us we've received these pullbacks which again lcx a 100 people a night say lcx is down should I sell no you shouldn't sell you should be buying more you should be doing the opposite if you believe in the project and you've done uh your research um and our last new call out which we've been waiting to get into is Jupiter jup which we believe is an absolute Beast of an altcoin uh we envision Jupiter being a much more efficient version of Unis swap for example and so we really like this one and Celestia and we've really had to be patient with these because they just kept going up and we needed to find a good pullback to be able to jump in on these two yeah uh and that's an important and this is a good segue into uh this being an important lesson for our audience right uh it's very difficult sometimes emotionally to wait for that pullback uh especially for new Traders uh when you see that coin that you're looking at fly up and continue to go up you sometime you'll be overwhelmed with emotion to jump in that's what we try to teach with the right tools you can pull back those emotions and the thing about it is I remember watching Jupiter fly up 100% from where it actually caught our attention it was very difficult even as a seasoned investor to sit back and wait yeah I'll say it again it was difficult even for me and people say well you've been trading stocks crypto you've been an investor in real estate and all this stuff over 10 years why would you have emotional what it never goes away yeah but what people have to understand especially when you're talking about new altcoins or meme coins dollar cost averaging is always the right strategy but in these instances where a coin launches goes straight up 300% you can't really time that and you never should try to time it but in these instances sometimes you have to wait for a pullback because you don't want to be dollar cost averaging around the top uh of something that went up you know 300% in a week's time and it's different when you're talking about chain link or Bitcoin or ethereum or some of these tried and true blue chips that's different because you're not going to see those types of you know huge run-ups all at once so it's so true Armando no one ever said that patience was easy but it's certainly a virtue and that's why it's so important that each and every one of you really listens closely to these episodes because we're really trying to impart our wisdom and experience from these Cycles into all of you we've both been at this for over a decade we're not somebody that just jumped onto this cycle and created a a podcast you know just to jump on the bandwagon we've been doing this for a very long time and so you know this dip in altcoins isn't something you should be freaking out about it's really all about like I always say when in doubt zoom out and just really understand the greater markets yeah and I just want to touch back on the emotional part is that uh uh yeah people always people especially new investors they are overwhelmed by emotion and some people even even quit because they can't handle it nowbody ask me how do you handle the emotional component even season investors like us if you don't be if you're not careful the emotions will overwhelm you and the way that you fix that problem is that you you have tools and you have information and you have training and that will help you control those emotions that's why it's so important to watch the Crypt Trend podcast or listen to the Crypt Trend podcast and other things like this is because with those tools with that information it's a lot easier to manage those emotions we want each of you to take a second and comment on the coins you've purchased in this most recent dip and we'll take a look at those as well uh yeah so this uh this week we've received a ridiculous amount of of comments and questions so I'm going to do we're going to do something that we've never done before is that we're going to instead of doing our third talking point today we're going to go into a lot of those questions and discuss those comments and questions that were left by our audience as a way to show appreciation for your effort and for your support uh so Robert can you take us into that first question absolutely ask what are two to three projects that you believe will at least two to three x from here wow I think we could do 50 but let let's take two that are top of Mind we've called this one out before o r NJ orange I really really love this project everyone should do their research on it and a new one that I'm really really liking is Pendle p n dle e uh you heard it here first uh I really love this project I think it's going to do really well coming up in the market and it's a great buying point right now uh so we got Andy has asked us what's your strategy for managing risk investing in a low market cap coin uh what he means is below $50 million market cap uh so the strategy for that is that you got to remember those are those don't have a lot of volume normally that's why their market caps are so low uh so you have to be careful you have to practice a higher level of risk management because they're more likely to be rug pulls they're more likely to be liquidity issues there's more likely to be a lot of issues because there's not a lot of people moving in and out of the coin so you just have to practice risk management at a higher level uh than you would a coin like ethereum or Bitcoin so that's all you have to do uh it's okay to do it uh but you just can't put all of your money in these coins because the one of the biggest issues is that uh the ability to pull your money out uh and if it's a smaller cap coin and let's say you put 10 20 30,000 it may take you hours to get that money in and out you may even affect the market when you sell so you have to just be careful uh with those sub uh those low Market coins Lex asked you talk about dollar cost averaging for getting into positions is there a dollar cost selling if that makes sense for exiting your positions this is a great question so here's my thoughts everyone's thesis for taking profits selling is different and you have to understand what you want out of this investment when you make it so for instance if you want to see a 100% return a 200% return a 300 whatever the return is you desire then you have to look at when do you take profits so let's use Simple Math let's say you invest $1,000 and it goes to $3,000 and you want to take profits what you could do then is take out your original $1,000 plus maybe a 50% return on that money and then leave the rest of the money to roll we call it playing with The house's money where you leave that to continue to grow and grow and what that does is allows you to book a win and book that % return right out of the gate and then everything else is gravy on top for you I think this is a great strategy and it can be 20% return 50% 100 whatever it is that you desire for that investment is how you can do it and that's what you would do yeah so we got Sharky ask what is your favorite feature of the propy network and what is your price prediction for propy in the bull market well propy I really like propy because propy propy is a true real estate company it's one of the only ones I believe on the blockchain they're a true title company they have all the license to operate as a title company uh they address a lot of the fraud and issues in uh real estate the inefficiency more more than anything else and real estate is full of Fraud and inefficiency those are two things that propy will solve uh and like my prediction overall is that I think probably can go from $10 to $20 from here and the reason why I say that is that because properties reached almost $4 already right now that we're talking about prehab uh when Bitcoin was in a decline or Bitcoin was kind of stable so when Bitcoin starts to move up to 100 150 200,000 a property will just be pulled up by bitcoin's momentum uh we always say a rising Tod raises All Ships so a rising Bitcoin normally raises all altcoins so I think propy will benefit from that for one and uh and two just the uh intrinsic value of propy and also uh its ability to do those things that we talked about earlier uh a lot of investors are going to see a lot of potential and is uh coin yeah keep in mind that the real estate market is one of the most inefficient markets you think about getting a title search done you're trying to do your closing documents um you look at how much we're paying real estate agents just to represent a home buyer so once propy grows and grows and grows and you have millions and millions of homes on the blockchain and you're making these sales on chain the efficiencies are just greatly improved and then that means lower costs for the seller ERS and buyers which is going to make everything so much better and that's why we love propy that's just one part of it moving forward so our next question is Austin asked I haven't heard you touch on cardano in a while what are your thoughts on Ada and do you think it's a deadcoin um I don't think it's a deadcoin I just feel that they're living off of past technology and things move really quickly now especially in cryptocurrency and so I just think that they're trying to live off the past and they're not keeping up I think that they have a technology crisis right now so I don't see uh cardano moving a lot and doing too much in this bull run I still have a bag I'll be honest there I just haven't added any more to the position because I think there are far better projects to invest in and I just want to touch on something uh and I agree with you a lot on what you said about cardano but we have to stop using this dead coin yeah you know is that things have ups and downs and some things do better than others I mean uh Nvidia went up 10 times last year right but there was other stocks that went up 30 times 40 times 50 times that we consider Nvidia a dead stock no because a lot of people made a lot of money uh so it we don't always have to look for the best possible coin if it's not doing 10 times is a dead coin no it's it's all every coin has its own rate of appreciation its own rate of Technology Innovation and its own rate of moving forward we can't always uh compare with with Dogecoin so it's a deadcoin it's not like that uh and any anytime you make a profit on anything it's always a positive thing yeah it's so crazy because you and I are both old enough to when everything revolved around the rule of 72 and how quickly your money should double and now people look at returns when it's 300% 400% as normal and they don't realize that we were happy back in the day if our money doubled every six or seven years and now people just expect these doubles to happen in months rather than years and it's just so crazy and and that's where it gets tricky of everyone just understanding what's real and not gambling on all of the high-risk coins and projects and having a base in some of those tried and true coins that we talk about I want to add one more thing before we go into this question from Gina over the last three or four years I want you to think about all the meme coin investors that you know are they Rich nope because they're chasing after me coins losing here losing there they're constantly looking for that next big thing so Gina had a question on salana uh the last couple of weeks or so there's been technical issues with the salana network do you think these will be resolved now uh as a investor I actually see that as an opportunity because the average person uh tends not to be able to see things fourth dimensionally and what I mean by that is that they're only know able to see what's happening right now the fourth dimension is Tom so they can't a lot of people can't see what's coming next or down in the future so whatever's happening today is that's the permanent state of things so they panic and sell uh but you have to be willing to you have to be able to see what's coming next now look at salana it's billions of dollars involved in salana mem coins it's investors all this stuff uh the development team which is you know probably some of the best developers in the world uh so the the blockchain doesn't work it's a new technology that's not a surprise uh so with all of the money and participants that are involved in this project there's a huge incentive to fix those issues whenever there's a huge incentive to fix it they always get fix in techn technology projects if we think back in the pandemic one of my biggest option trades in 2020 was when uh when Zoom uh Zoom during the pandemic there was some uh technical issues with zoom where people were able to hack into zoom and take over presentations Zoom dropped like 15 20% the next day because everybody saw it as a permanent state of things and I told everybody I said they're going to fix this Zoom is too big of a company that's too much at stake they will fix it and they will go forward I bought some option call some call options a week later they fixed the problem and zoom it on the all-time highs and that's what happens in crypto is that when these projects have shortterm problems they're going to be solved technology always gets solved let's say we looked at computers or cell phones back in the 7s cell phones couldn't even keep a signal down the road what if we looked at as a permanent state of things and just gave up on cell phones completely or the internet when it was was hard to use and you know only showed text technology tends to improve over time even more more so when there's large amounts of money at stake so I think it's going to be resolved and I think salana is going to move forward positively yeah that's why so many people make four five or six% in their portfolios a year and we make double digits because we understand where technology is going and we're not fearful of having some of these ups and downs to be able to get those higher gains so Mr New York asked what do you think of Bitcoin miners uh clean spark Riot and Mara will they still do good after after the having so great question uh you know I'm a big uh proponent of clean spark uh Armando loves Riot Mara as well so do I um do I think they'll still do well yes I do um because they're going to you know the tide what what is the saying you know High Tides rise all boats because High Tides rise all boats and so I think they'll continue to do well clean spark was one of my biggest call outs in 2023 I still like it and I still think everyone should take a look at it and own it so on to the next thing we are ready to announce our winner of the $100 of propy that we promised one lucky commenter would get and the winner of our first ever raffle is RAR Stanford so congratulations Romar to claim your $100 in propy either comment on the next episode of the best way to contact you or DM Armando or myself on Instagram you still have until the next episode which drops next Wednesday and if we haven't heard heard from you we will run it again so congratulations I want to thank each and every one of 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