Great one digital asset news take a top stories and crypto and break them out of bite-sized pieces So today as usual before we get started Let's make sure that the audio and the video is good. There's nothing worse than talking for 10 12 15 minutes and nobody hears you because the Microphone is awful. So looks like it's doing pretty good. Everybody's saying we're great great videos great We are up and ready to go. So First of all happy holidays Merry Christmas, Happy Hanukkah everything you want to say about it Thanks for stopping in for this impromptu Livestream. It's just been the last two or three days have been insane So I just wanted to just do a quick overview about what's going on and just see how just get the temperature in the room So I want to talk about tonight real quick is first. Let's talk about the market I want to talk about the market where it's going how everything's going and Just a couple of concerns that I have also we're going to talk about something that'll probably get me banned off a YouTube Omicron Omicron everyone to say it also we're going to talk about Swift yeah, that's Swift and their plans for tokenization in 2022 this just came out if I was pretty interesting article and It just goes to show you that doesn't matter how big you are unless you were nimble You're really not going to get too far because you're crushed under the weight of your own hierarchy And then also we'll take a look at I did a deep dive on wonderfile over on Dan Clips and finally we'll just Just say what it is. Let's be thankful because this year has been a little bit trying at some points But in all honesty if we take a look back, it's been a pretty darn good year so before we get into that let's take a look at what is going on into the market and right now It was looking pretty good. I mean it's looking pretty good so far. I suppose I mean we've had a kind of like what they call a Santa rally I know I've heard that's here and there. All right. Sure. It's a catchy catchphrase nice one But we're looking at 2.38 trillion 2.4 trillion. Let me refresh it just to make sure I got the right stats Yeah, it is and we we won about 30,000 for bitcoins. Everybody should be happy, right? I mean we were we were sinking down what 47 46 44 43 at one point and now here we are about 50,000 almost 51,000 That's looking pretty good. I suppose and then I'll take a look at the coins I mean, I don't suppose it is great It's much better to go up right then to go down. So I'm pretty happy She'll be happy if there ends up above 4,000 Binance coin The centralized coin 544 Ted only cares 192 for Solana and Cardano 141 back in that six spot XRP just below a dollar, but hey, what a miraculous run right seven days You know, they're getting sued by the SEC It's been a year and we did a live stream a couple of days ago it's been a year since the SEC came out and said we're gonna sue ripple and It's still going pretty strong. That's amazing It's a testament to the XRP community to keep it as strong and going as as as forth as it is So very nice and then let's just take a look at some big plays in the last Last seven days Tara Luna was on an absolute tear I think they had a partnership announced between I think was them an avalanche correct me in the comment section But you're looking at almost 45% and I believe it touched $100 now It's at 96 27 and into the top 10 avalanche up 3% in seven days polka dots 16 I mean, it's seven days. I think it's been pretty good Shiba Inu Congratulations Shiba holders good for you guys and gals polygon 18% 21% comm and then look at this one near protocol I I took a look at guy over at coin Bureau's deep dive in near protocol looks pretty good and they're using shard technology and they're talking about how the ESG environmental Problems that they talk about as far as proof of work near protocol is a carbon neutral proof of consensus and sure should be the next great one. We'll see I'm not convinced, but it may be great. I just haven't done my due diligence Maybe I should buy first to research later, but that's I just don't do it like that But yeah, last seven days pretty darn good, but here's my problem and here's the thing that I've I've been Harping on for a while and that is them first of all if you want to take a look at the market That's great numbers are fantastic, right? but why don't we just take a look at some on-chain analysis and If we take a look at this am I reading this right? Let me refresh this So this is from crypto quant I've got my own favorite my favorite charts now. There's six six of them And the one that I like to take a look at is all miners outflow and not this is a big deal It's really not let me blow this up. Let me see if you can see this. I do full screen Yeah, so miners outflow. This is when miners sell and of course It's not like back in the day of when you know China banned Bitcoin for the 30,000th time and everybody had to come over here to North America great jpeg China when everybody had to sell and bring all their rigs over but now we see just a little bit here and there and of course lately in this last Round 22nd of December is the latest so we can see there's been a little bit more of selling by miners Is this a great amount? No, not really. I mean look at the end of the year. I think Miners and different different anybody actually crypto hedge funds doesn't matter. They got to sell to cover taxes Maybe to lock in some profits. Sure. Why not? I mean it is a free market, right? And then but another thing you want to look at of course is the all exchange reserve for Bitcoin And again, it's still going down. That's good. That means when people are taking Bitcoin off the exchanges What are they doing? Well, they're putting in the cold storage, which means hopefully We'll have a little bit better returns because they're not selling and when you see a big influx of Bitcoin going on to Exchanges that's bad because usually the price goes down Because people are selling but it looks like we still have Bitcoin Being taken off of the exchanges and when that happens price goes up I like that pretty simple and then out of here Let's see Ethereum There was interesting because it had been going down forever. I mean forever everyone's taken Ethereum off of the exchanges, but on this one we can say there's been a little bit of an uptick of them taking it off doing for whatever Purposes they need to the price still goes up because everybody's Ethereum Unfortunately can't cover those gas fees without it and then take or buy a volume. This is just when people are Takers and makers and everything else. They're trying to Hold the line as far as like buying Bitcoin trying to keep it steady and you can see it's pretty much stable But this is the one that really concerns me I mean it really concerns me and this is the all exchange Estimated leverage ratio what this is You can see right here. I'll exchange open interest divided by their Bitcoin reserve and When I had The CEO crypto quant come on we did this nice little Deep dive into how to use on-chain analysis. He told me he told everybody. He's like look once we get above 0.2 That's the danger zone that means there's a lot of leverage plays out there And they're just kind of floating around out there And he was when you see that be very cautious because it can cause a cascade of liquidations and things like that because people are over leveraged and we did that right around I want to say Here somewhere around here was like point one seven point one eight somewhere around there And I was like well, okay. Well, I'll be concerned when that happens. Thank you very much Way we go well happened here You can see here in the purple. We had a pretty high it went above to point point two zero and then of course Came down a little bit and then here's where we got really over leveraged point two zero one and Then the price just bottomed out because it was just over leveraged and now if we can see this again for some reason There's a lot of positions open right now as far as the leverage ratio now This number is at zero point two one leverage ratio and This is across all the exchanges So the thing that always concerns me is just the amount of leveraged positions that are out there Look, if it doesn't matter to me if you do it and if you want to be a leverage player and trade That's fine. Go go have at it But I think in the short term this is that there's a big difference between The short term what's happening and then the long term as far as like mass adoption for crypto and digital assets When we see these types of things In the short term, this is a precarious situation. Does this mean we're gonna have a cascade of liquidations? No, does this mean that big ones gonna 30,000? No, it doesn't mean it can mean absolutely nothing But it's something I just want to bring to your attention to be aware of because that's a lot of leveraged positions out there now I mean if everybody's gonna go long guess what?  Well, I'm gonna go short speaking of which Why don't we just take a look at the longs versus shorts position? So this is on well now It's called coin glass used to be called by bit and if you look over and this is it's kind of funny to do this actually Because when you take a look at The longs versus short so you got this is done on everybody, right? A lot of people are going long 54% verse 45 that's on Overall, and then you can break it down by bit and max buying hands buy a bit okx Who will be FTX there a bit and blah blah blah blah blah right not too many shorts, but remember that's in five minutes That's a very not a really good indicator And if we blow it up to about an hour things change things change dramatically now We got a lot of shorts and if we blow it up even 12 hours, and then if we get around 24 hours Usually it evens out usually But in some places it's a little bit short some is a bit long, but again There's a lot of leverage positions out there, and it just makes me concerned. That's what I got So let me know what you think about that in the comment section if you're like no big deal We've hit this before we'll hit it again. Sure.  So I just pretty much Buy and hold and that's it now when I want to use my crypto I just take loans out against it which we're gonna get to in a bit About loans and crypto when I did with those lately About a new house here in Puerto Rico, so I'll show that in a second, but before we get to that Let's talk about Some kind of it seems like this is like the most taboo subject of all time Even though we've had this around for like gosh well over a year now, so Omicron I'm Not here to say You know what you should do I'm just reporting the news and the news is the first one that I heard about first of all Reason why I'm bringing this up is just because if we start talking about lockdowns and people like Not being able to go to work not being able to bruise goods and services That affects the market it spooks the market because the market is very skittish so I like to see these stories where there's some positive and The first incident Incidents of this Omicron variant was in South Africa. Here's what we got right now. This just came out on Wednesday What's the day? There's Jesus Friday man time goes by so fast anyhow, this will be got South Africa's top infectious disease scientist Who has been leading the country's pandemic response said Wednesday that the country had rapidly passed the peak Of new Omicron cases judging by preliminary evidence He expected every other country or almost every other to fall the same trajectory If previous variants caused waves shaped like Kilimanjaro Omicron's is more like we're scaling the north face of Everest This is why this is by Salim Abdul cream nailed it now We're going down Right back down the south face and that is the way we think it will work with a variant Like Omicron and perhaps even more broadly We'll see with subsequent variants at this stage of the pandemic Just a week ago South Africa was seeing skyrocketing positivity rates And mass blinds for testing But during the first days of the week There's been a turnaround in rates and stress on testing facilities And addressing the surge of infections South Africa has decided not to impose a lockdown our other major restrictions so before YouTube yanks this feed I just wanted to get this out there because to me that's kind of good news and hopefully people don't get too scared about this variant now That's really all i'm going to say about that because I don't want to get myself in massive trouble Just somewhat trouble. I'm interesting about that in the comment section but for every story like that Let's talk about the flip side because it is what it is And even though that's happening you're going to see Stories like this apple temporarily temporarily closes three stores in response to rising covid rates And it just says hey apple temporarily shut down stores on wednesday as a number of covid cases rise And they're saying that for the employees to come back. They'll take over 19 tests Okay, so that's what it is and uh, I don't want to dwell on it This is showing you the news and that's it. I didn't I'm not going to insert my opinion or say anything else. I'm just going to leave it as is and just go That's what it is Let's move on. I just think it's uh I think it's good news. That's what I'll say. All right, and then next up this was like this was this is interesting because swift if you've even fallen XRP and XRP legend what they're trying to do they're really trying to oust swift swift When you do on a bank transfer that's swift and it's been around since the 60s and it's just like a messaging service that's essentially what it is and Of course when crypto came out and especially with ripple and xrp Uh, so it was very much against it and they were like this is the most awful thing and we shouldn't do that because you know We've we're so dependable and even when they charge outrageous rates. I'm not here for that Now it's just amazing to me How many times we see the same companies that badmouth crypto and digital assets Because they don't know or they are afraid Now they turn to it because they really just it's just how amazingly enormous it's going to be and in this article even swift admits that it's going to be In 20 plus trillion dollar market cap in no time. So check this out. This was a pretty good article. I like this one So swift aims to test tokenization 2022 clear stream northern trust settled to participate Swift the belgian-based cooperative that serves as an intermediary and settlement executor of financial transactions between banks worldwide Is planning to experiment with asset tokenization in 2022 swift published report in september 2020 that noted criminals. I do like this at least they're honest and they they figured this part out They noted that criminals preferred cash for money laundering. Let me say that one more time swift The one that deals with all the banks globally Says look we did the report We looked at the data criminals prefer cash or money laundering. So anytime anybody in congress or parliament or anybody else talks about and they say, hey Uh, cryptocurrencies used for illicit activities. Just say, you know swift just came out with this exact opposite So just so you know, here's the article. I'll link in the description Uh, it's still folks in this technology and revealed in a blog post published in December 1st That it was participating in an asset tokenization test in 2022 this announcement states Working with clear stream northern trust settle and others swift plans experiments in q1 to explore how it can support Interoperability in the development of the tokenized asset market. Here's where it gets juicy Swift's report highlights estimate that say crypto assets could grow to 24 trillion by 2027. Let me say that again Crypto assets could grow to 24 trillion dollars by 2027, which is let me do some quick math Almost five years. So if we're taking a look at this And we're kind of thinking well, are we Are we in the right? Are we in the right field are we investing into the right technology? I know it sounds laughable between us, but we take a look at these articles and these are for like The old traditional finance players even they get it So if you're having problems with your family and loved ones to kind of explain to it, just go look Some of the older banks Some of the old institutions and some of the old ways are already realizing just how big this is going to be And it's going to be a multi could be if you're thinking it's like uh, rel pal. We're looking at a 200 plus trillion dollar market cap for a crypto or maybe 27 trillion I don't know one of those two, but I'll take either I could care less So then to finish this up Tokenization swift report for the notes can be applied to stocks and bonds, but also do e-liquid assets including commodities property or even art so If you think we're going in the right direction Sound off in the comment section. I'd love to hear what you think about that one and then next up I just wanted to To note that I did a deep dive Into the kevin oliri aka mr. Wonderful product called wonder fi And you can find let me see here You can find that information ah Sorry about that Over on digital asset news clips. I don't do deep dives on this channel. It's only for news Digital asset news clips is more for the advanced stuff things that are going on up and coming things So I'm going to put this to public And I did put the link in the description below so you can already find it But it's pretty fascinating. Essentially what they're trying to do is bring d5 to the masses So even your grandma can use it. I kid you not so uh, check that out. Uh, that'll be uh In the link in the description and we'll see how it goes. Then finally just to wrap things up Just want to talk about just being thankful. I know it's been Even me I was kind of bummed out It's kind of hoping that we'd see like 100k bitcoin didn't work out so much But just remember that's over time Things tend to work out and if we take a look at just bitcoin, this is bitcoin in just a year It doesn't look too impressive does it in all honesty But if you really look at it like well in january 1st 2021 bitcoin was at 29 000 now it's at You know 50 000 whoo whoo who cares right in all honesty because you're like well, that's not even double Well, it did double it just kind of came down. Yes, I understand But I think it's it's it's something to reflect on and just to remember the basic principles Of what we're in this for right? This isn't like a get rich quick type of thing Although I like I think people would love to love it from be that way I think for me when I look at these things again, I just think to myself I'm gonna dollar cost average in I'm gonna dollar cost average out and these are the things that you know even Every time that we we see these dips in these troughs when we buy these dips and troughs and we're up here why Why aren't we taking a little bit of profits little things off the table? I mean you can hold forever I mean, maybe at some point the dollar goes away and everybody's using bitcoin. Maybe maybe that happens tomorrow I have no idea but for me. I just think to it. I'm like I want to do maybe a dollar cost average and dollar cost average out or maybe just take some loans against it Then go from there and then this is just a year and I actually made a mistake And I did this in two years and I thought to myself that's actually a better way to look at it when in doubt zoom out remember just two years ago January 1st 2020 the bitcoin price is below seven thousand dollars Imagine that and as we go along this is a very short amount of time I mean even if you look at the traditional market as good as the s&p 500 did this year Did pretty good But I mean did it do this good? I don't think so So, I mean, I have stocks as well But uh crypto I think is just one of those those markets and I'm very thankful It is around and I'm thankful that we're actually get to do these things because I think it's one of the the biggest best Asymmetrical bets that you can place But that's just my pain. Uh, this is not financial advice just financial opinion Uh, I'm not a financial buyer, so I can't tell you what to do, but uh, I'm glad That we're here. I'm glad you get to come along with me Experience all this stuff. I'm glad I'm thankful for everything around us So we have that and then also I'm also thankful finally got to close On our house here in Puerto Rico. So for you have been who have been on the channel for quite some time You know that in uh, we're from Texas. So over there we have the indoor pool room very nice, right? At the seat the the pool in the background everything else. Well now We'll be moving this week into our our new place We're gonna see a pool just won't be indoor just be behind us and again and these things I mean We've done Me and my wife have done multiple businesses multiple real estates Short-term rentals the amazon business the online education platforms all those things that we've done, right? but For all this stuff It's just crypto kind of complements all those different things and we're able to do stuff like this And how did I get this? How did we I can't say I mean my wife. How did we get this? Well We took out Loans against our crypto. So instead of we did sell a little bit, but mostly what we did Was we took out loans against our crypto and i'm going to do a complete video on how we did that Uh, which I'll just give you a hint. It was with Celsius Because we've done it before with our other short-term rental properties that we have other Real estate investments and it's uh the easiest thing you can possibly do There's just a couple of things to be aware of how you're going to allocate The margin calls that they do and everything else. So Oh, it switched over So that's it. That's it for today. So look, um, let's uh break into some q&a Before we get out of here, but again, I just want to say be thankful for all the things that are out there because You never know what brings what tomorrow brings. All right. So Little q&a. Let's check the comments. Where are we? What's happening? Here we are Hold on There's some coyotes on the loose First of all, Merry Christmas. Happy Hanukkah Happy holidays all that stuff Cash is always preferred. Yes yeah Other cartels. That's true Let's see I heard there's going to be a tomato quinoa drop for Christmas when I did a tomato tomato quinoa drop for everybody who Uh is a delegator to the D new steak pool So that was a while ago It's it's worth absolutely nothing and it's a joke so no Doge D Robin needs some monso lesson how to be one sure Uh, gosh, I'll do it next time Let's see don't celebrate Christmas, but wishing have always everyone at this. Yes, exactly. That's why I say happy holidays I said happy holidays is something something broke out broke down. How can you say happy holidays? All right Ah, this is a great question. When is itrust capital going to offer staking so Talk to my man, uh, anthony burtolini Over there at at itrust And it looks like it could be q2 of next year So not too bad if you don't aren't aware of itrust itrust is a crypto ira. It's what I use and Because it's pre-tax dollars pre-tax dollars. I mean that uh appreciates within the ira You pay zero in taxes zero So bickling goes from 50 000 to 500 000 you cash out in your ira you pay zero in taxes No capital gains tax no junk like that and you can also trade Within your ira account and not pay capital gains tax as well pretty good Thanks, my man. I appreciate it Rob my next one people don't want to have to buy npt to play games That's true This was a a summary about why I didn't understand why why gamers were so Against nfts and it was it was a story we covered two or three days ago And I understand why gamers are so ticked off At places like ubisoft Putting nfts at first I thought they just didn't understand what mpt's were But then I realized That these gaming companies have been screwing them over for a very long time not screwing them over I shouldn't say that but they've been gouging So there's been some price gouging here and there and they're like Okay, now I have to pay for this game and then I got to pay for this add-on And then for these nfts which are going to give an unfair advantage to other players Because I don't have any money so the people who have the most money are going to beat everybody because they have all these power-ups I don't want to do that and I understand It was good to hear that because now I understand that those old gaming platforms Whether they are free to play or they are pay to play I think a lot of places a lot of gamers aren't really trusting of them as they start to change And once we get play to earn games that are just new and they have actually decent graphics Don't suck like some of them do now I think it's going to be an easy transition because they don't trust these guys over here But these new one you want me to you gonna pay me to play and there's uh, I'll do that So I just saw it. It was like a pretty big pretty great one Uh, maybe kryps is happening here I don't trust kevin alluring's project seems this Allery it's hard to say I will say this I've covered kevin allery before and every time I'd covered him before he came out in crypto I was like he's full of it. I know for a fact. He's probably I don't know for a fact I had a pretty good hunch. He had he was really getting into crypto and digital assets Then all of a sudden he came I was like, I love crypto Ah, whatever Thanks for me dude. Thank you. Merry Christmas. Oh my god mullet takes time off From all his crazy trades and all the money he's making to come by and mod for me Thanks, man Uh anyone using invest in them last month? I did not Pulls gonna be back again. Yes Smash the like button Yeah, me too. I'm looking forward to this the pool in the house. It's pretty nice Costs a lot a lot So when I say that I had to take loans out against my crypto I have a lot of crypto locked up because if you don't know you want to take a loan against crypto It's 2x 3x or 4x, right? The best way I can explain I'll explain it very simply Let's say bitcoin's at 50,000 50,000 and uh, you're like, hey, I need 100,000. Okay. We'll give us for bitcoin Give us two. No. Yeah, if you need 100,000, excuse me Like how do I do that? Okay. Give us for bitcoin, which is 200,000. That's the collateral and we'll give you 100,000 Okay, you can use that 100,000 for what you want to do Then you got to pass back 100 grand and we'll give you your for bitcoin regardless if bitcoin goes to 200 300 400,000 or even 25,000 Well, if it goes down that low, you get a margin call But even if it goes up just pass the money and we'll give you back your crypto That's the good part. The bad part is that Celsius remember you're getting interest on the crypto that you have over there So when you take a loan out, I don't know what is like 4.5 4.25 percent or something like that. You don't get that interest anymore So if you're like, here's my bitcoin. Give me a loan and cash You're going to use that for the house and then I'm going to show you how I did it and how it all works out um You're not going to get that though that apy from uh, Celsius So you are losing in that regard but you need money like reading money. That's how it goes and this one was We had to pay for the house Straight cash 100 percent Not the down payment the whole thing. So boatload That's how it is Rob thoughts on uh pair. I have no I no idea what that is. I'll tell you what I know. I tell you what I don't know I don't know what that is I looked in the flex at amp amp. I keep hearing about amp and the amazon connection. I haven't seen it So I haven't looked into it There'll be those of bitcoin Rob is kevin larry's wonderful. I trying to compete with bvs finance now So what wonder fi And again, if you go over to dan clips, there's a link in the description. I did a deep dive Over at digital asset news clips. Also I don't monetize digital asset news clips when you go there.  There's nothing you can really invest into unless you're into stocks But it's important that you know what they're trying to do and there's specific tokens that they're targeting Because you want to look at those tokens that they're targeting. Maybe you might want to Invest into those because they're going to make those a little bit bigger. That's just saying Hello able Where do you think aida price will be in fires? Here's another thing I learned today um Price predictions are worthless And they don't do much for anybody And I don't think I'm going to do price predictions anymore whatsoever because I'm going to do at the end of the year. I'm going to show you my price predictions from january Some I got right Some I got way wrong and I will be the guy that stand up and goes, you know what? I messed up on a couple of these price predictions and uh, I'm going to get away from those because there's The only thing the price predictions are good for is the good It does motivate people but people overuse it and they abuse that And it gets people's false hope and they put too much money in and they lose too much my whole play I'm just going to use the the the nick murray playbook And just look when we really look at the big grand picture It's going to be fine because everything everything goes up over time It's just you have the mentality to do it and that's The goals i'm going to have for next year is not to psych people up It's just to have them hold their positions. And I think if they can do that they can move mountains. Okay Any thoughts in your future of voyager? Did you know that voyager just hired brian brooks? from the former officer of the control of the currency Who was also head of binance dot us and then I forgot the other chips bitcoin manufacturing company They hired him to navigate Um the parallels of going global and what they want to do as far as the next level I think voyager has a very bright future. I just need they need to do again like everything else customer service Is crow underrated? No, I think it's overrated, but that's because I don't invest into it Look on this channel. I'm super biased. I hope everybody knows that Like everything I talk about are the things that I really invest into so nickolas silver for as far as crow And uh crypto.com Don't really know too much about it. Don't invest into it. So I'm not going to talk too much about it And I'll just be honest with you That's it. Very christmas chef dan. I can't wait to meet you All right Have you heard about wonderland time and what do you think of it? Nope, haven't heard of it favorite food from porto rico Not much I must admit. Sorry There's no there's no hot spicy salsa here like we get in mexico Cash has come to his god. That's not true. There is There's a lot of good sweets Sweet stuff here. I love sweet foods uh, hi rob any comment On james latest view on adan. I'm let me guess james isn't a fan of cardano I james does not like cardano. Uh, he probably sold it all that's I haven't seen it yet Sarah crypto is charity the rich. Yeah, perhaps so you know why You know why Big crusher might say that Crypto charity the rich. I thought about this crypto is charity the rich because A lot of us they we sell too fast We sell too fast And again, there's this great the the best financial advice I ever got Was by a gentleman by the name of nick murray nick and I did this video Four or five days ago and he just talked about he's been the Traditional finance for 50 plus years and he is the advisor to the advisors He is like the trainer of the trainers and he just came out and said Why are they doing these things? Why are people selling? He goes do not mistake Short-term dips For long-term losses. You haven't lost anything just hanging the game And he said even in 2008 if you would have just hung on or bought You'd been okay. Again. I'm not my financial advice. Oh my god. James is here. James. What'd you do with your cardano video? Apparently, you're not a fan of cardano Also, we were supposed to do the uh the three amigo show uh me james and ben I just Oh james. I'm gonna show you why we couldn't do it. Let me show you this So besides the fact that I just got to do this Where do we go? Where are you? Remember we were talking about that. Um, that's not it that uh Real estate play so we finally closed in the house. This is gonna be our new studio See if I can blow this up It's the it's a detached room from the place and then we got here's the main house and The main house over here So They closed and everything we get everything done. We got family coming in flying in So I just said hey, I'll just do a little quick uh Quick show and here we are And that's what's up.  Uh, he has one of those things. I never hear people go. Hey, how dare you not say happy hanukah I've never heard it Hey rob, uh, can you do an update on your 2020 predictions? They made yes I will and I will show you all the ones I was right Some and the ones I was wrong a little bit more again. I got to tell you, uh, I got us predictions are great for For pumping people up, but they're not good for the long term survivability And getting people to actually invest. Actually, I think they actually be exact.  Yes, but did you know They were the first free to play game in one year To make a billion dollars and that's what changed everything so Yeah, fortnight may have done it, but they changed everything and that's where we're at now and again That's why people don't trust them Well because they charge too much for all the other different power-ups and stuff like that Hey, james Gabriel montanaga, what do you think about yield farming? I think it works out pretty good. If you don't get rug pulled Ask mark cuban. We'll tell you. All right Merry christmas from Namibia Merry christmas Tiberius Ah, man, what a great name Tiberius grokus. I think I nailed that Uh, I love when you sell CS loans often. I'll see you's. I trust her. Yeah, me too. Love myself There's something to be could be aware of though when you're doing these loans 2x 3x 4x if you want the best Apy you have to 4x your crypto again If you're gonna put up if you're like, I need $50,000 Okay, well, we need if you want 50,000 give us 2 bitcoin for 9 percent apy Give us 3 bitcoin and we'll give it to you at 6 percent or give us 4 bitcoin Which is like $200,000 which you 4x But the apy is only 1 percent but again when you do that You don't get any yield from uh From celsius just so you know, but it's a lot better than paying capital gains tax, especially short term. Just let you know Yeah, uh loans are not capital gains. They actually are not taxable. So And especially you put them into investment probably like I did Have you finished from the James? No, me James and ben will be back next week. Just ben's got family coming in. I got family coming in James is the only Is the only workaholic who's like, let's do it. I'm like, I can't do it, man Market pumping hard. I don't know James Ah, it's better than what it was I'll tell you this market markets pumping harder than the uh traditional finance. I'll tell you that or traditional equities that's the Uh Hello, james. Merry Christmas. That's like around 2022 Yeah, I think it's gonna go to $10. I'm just kidding Who knows? My thoughts on cardano is that they need to these these these swaps sunday swap and now swap and all these swaps They got to work and they got to work great and they got to cut down those fees I mean, they're already doing it. I think sunday swap goes live pretty soon and uh once that happens We'll see how it works out. I hope it works and uh, we'll see the other big thing is I want uh, I want to see how great world mobile token Uh becomes as far as like telecommunications in places that uh do not have it And that's all built on cardano. We'll see if it works. I think it will Is james in the chat. Yeah, james in the chat He's trolling me. He's trolling me to tell me how much cardano.  Great question frazzle and I'll tell you exactly how much it is so houses in portorico are extremely hard to come by because all the people In crypto world and different people want to avoid taxes come down here capital gains and It's uh, it's a problem because they're buying up all the properties and and we went to I don't know 10 20 houses Every time I went to them. They said no, it's it's it's bought up. It's bought up. No, sorry You got up it. Yeah, no somebody's bought for cash And it's the same thing happened five months ago when we bought These two different condos we had to pay cash for the condos because If you have to because they're just because if you if you offer If you offer an amount, let's say well, are you going to pay for cash? You're going to go through through the banks It's the banks. Oh, well, I got a cash offer for 500,000 so For this one this house very nice house and actually it was uh The house It used to be owned by ed figaroa apparently New york yankee player and It was pricey I'll say that and I'll say exactly how much it was in the video, but um the There's a couple reasons why we bought it first of all, of course looks good But second of all, we're not going to be in Puerto Rico The whole time and it's a great property for short-term rentals for people who want to have an event And they can have it right there. So if you're looking at for a residual stream of income Those types of houses that are in great location have a lot of room and have a lot of just pure capacity and make nice You can squeeze those out for a lot of different things on air bnb and burbo. Hope that helps Uh Scrub if you want to take on more risks and exchange the potential reward you can buy soul luna and mattoch You more risk of risk stick with you. Yes, exactly James happy holidays Eight of 2022 60 maybe who knows right chris from australia Gun laws are strict in Puerto Rico Well, there's a lot of people firing off guns. I hear all the time Yeah, we'll be in this nice neighborhood and you hear this red I'm like, oh man. It's like a machine gun. That's exactly what it was If you're lucky about 60 Happy holiday james Any thoughts on neo? I used to own neo. I don't Tiberius I will always tell my new crypto friends too late to plan for now think six months from now Not six months ago. The self-crypto games are made. Yeah. It's a perfect way to say it The next goal the next evolution in for 2022 is just to talk about The two three and four year plan Because I think if I can get people or if I if we can get people into that that mentality that just Look out for years to come and not be like the dogecoin millionaires which You can you could you could do something like that But it's rare and you're probably gonna lose it anyhow because you don't know what you're doing Because you just like get a bunch of money like oh, I'll just put it on the next one You lose everything If we can get people in that mentality and not all the time i'm not saying that it's gonna happen all the time But statistically probably does same thing with the people who are into the lottery So I think what i'm trying to do is get people in the idea that crypto is not a get rich quick scheme But it is a get rich faster Or get financial secure faster than traditional equities. So that's the new goal next year Uh crypto meteoric is very salt. That's true I try to be What do you buy in these days? What am I buying?  Yeah gemini gala because i'm My big my big next play is uh gaming I have over-invested by a lot More more plates no dates Right now everybody knows my story in 2017 I put a boatload of money when bitcoin was uh 8,000 and 12,000 and 17,000 and then it crashed 80% And I was like, oh, I lost everything and I learned the principles that that's not true You just have to hold out.  That is true We have no idea. We'll make good guesses. We'll make educated guesses.  So yeah, just be aware again Sometimes sometimes just a little bit of hope, you know just talk about hey bitcoin's at 50,000 You might go to 54,000. That's okay. I think it's your response when we say 50,000. It'll be 500,000 In 10 years 20 years, why not next month? Probably not so Uh, no shilling. No fortune telling no glam titles. Well, I can't I can't promise you the first part But okay the second and third uh Do you still see a hundred k? But no, I don't I wish I did I was really wrong on that one What else uh price predictions but the news put all stock and then yeah And that's where you get people in right like hey, they got me in John McAfee told me bitcoin was going to a million. I believed him Of course the bridge is unrated. Maybe who knows it really just depends on execution What's your utility? How's the tokenomics and how's the team? And that's it any thoughts things on gala. Yeah, I think it's a it's a pretty good suite of games that are coming out And they have a lot of partnerships and I like how they're Positioned themselves and the team around them. I'll do a deep dive into it James does not like aida. I think he sold it all Take about two of those of a serious tradition every time about it. Okay. Yeah, it's true okay skeptics price predictions one-year dip rata hi, james Hanging that game I think the bitcoin it could be who knows Merry Christmas Was that house bought with cardano? No, actually, you know what it was I put up a lot of bitcoin and ethereum as far as my for my loan collateral because that's I've always told you guys I have a The majority of my portfolio was bitcoin and ethereum So when I want to do a loan that's what I put up because what I had the most it makes sense Again, I get to get that back when I pay off the loan and I'm going to show you how I do that I don't repeat cars. What do you think of hex? I don't really think much of hex I had hard on the show one time seemed like a nice guy But uh, I don't really get into hex Uh, it's the things around can disagree and get along.  Yes, that's right Oh, man. See benny, that's the thing and that's like you understand guys when when something like The people out there in in youtube world and twitterverse they're talking about a project It's kind of like because they have a boatload of money into it like me I love cardano. You know why because i'm just like benny. I bought it at 7 8 cents Just too stubborn to sell I went on to three bucks. I'm like feel pretty good So it's easy for me to say that right now if you bought cardano at two dollars and 95 cents not so easy Because it just takes time and again, that's why i'm going to try to get the switch try to help people switch their mentality to a two three and four year plan Let's see what else Rug pull from the soul. Hey, so it can be pretty good. Also that deep dive that for that wonder fight you're going to see why solana You're going to see why solana is all over the place And let's see again link in the description did a deep dive on wonder five Kevin o'leary mr. Wonderful's thing all right soft very christmas bro. Very christmas, man Sandow very christmas my thoughts on loop ring Uh It's a good play. I still have some I did this uh this show Where it was uh Some trading thing that we did and I bought some loop ring. I just never got rid of it I think it went up pretty high. I think I did like 100 but wasn't that much very christmas Other mass works do you collect art? Yeah right here? not really Uh, i'm not a big art person. The reason I use master works If you guys don't I've been talking master works for a while you get to buy Collab Fractionalized art pieces like multi-million dollar art pieces like a basquiat and and uh andy warhol type of picture The reason why I like that is because it's uncorrelated to everything else Even in 2008 when the stock market and the housing market crashed art appreciation still went up So I like master works because I don't have to worry about it Like when things if things if everything goes to pot Guess what?  I just like to protect myself a little bit a little bit That's a good plan not buying or selling of january 1st. I'm still buying Thanks Yes Same it's been so busy today. This is the shirt. I was sleeping in Uh, don't give it back. I have cash in the sign. That's right What about the Bahamas you can move there? There's a couple I think they're in crypto tips tips. I think that's what it is and they Are in the Bahamas one of those islands where they renounced their citizenship and they don't pay any capital gains check them out They can tell you all about it Here's a great question. I'm still not sure how I get my mall tokens. So here's the thing With meld meld is a project. It's a defi project. It's built on cardano and it allows you to take out loans in a defi way and you In some ways you pay back the uh interest But the principal is paid back partially or in whole or in part by the farming that you do Doesn't matter. So what you guys were doing is you were taking your cardano your eight your eight of tokens And you took it from my pool or ben's pool or everybody's whoever's pool and you staked it with the meld uh stake pool and instead of gaining Ada tokens like you did with like my pool or anybody else you were gaining meld tokens That's called an ispo an initial stake pool offering So you were taking your ada sticking in a pool and you were getting paid in or your the rewards were meld token So they were supposed to give them to you on december 9th However, they want to make sure that they are in regulatory compliance because they aren't able to launch the meld platform so if they give you those tokens right now and that would be potentially a security because there is no utility for those meld tokens So on january 31st on the wallet that you used to stake your ada to that meld stake pool You're going to receive the meld tokens on january 31st when they launch their platform Thereby it being a utility. Hope that makes sense. So your meld tokens are going to go into your Wallet that you use to stake whether that be deadless wallet or yulroy or ate a light or whatever Could you do some videos on amazon fba in real estate? I trust you're much better than there's youtube. Yeah, maybe Um I gotta be honest the amazon fba is quite boring. Um, you can do it It's really just a lot of looking at spreadsheets and just looking at numbers and going. Okay, which ones are these Which one of these products for my distributors are actually profitable as opposed? The ones that are on amazon give me a thousand units of those Don't ship them to me ship them to amazon. I'll pay the The service and I get in amazon and you track it and if you want to do ads do ads It's very boring, but it's lucrative Real estate is much better. I did a couple of videos on And it's actually over at danteacherscrypto.com. It's a hundred percent free website Uh over on the investing portion I talk about how I choose my properties, especially I just use this website One of the websites is called air dna instead of air bnb It's called air dna and you can take a look at all the different houses around where you live And how much they actually charge for air bnb services and you can say oh Well, if they charge that much and if there's a house over here And it makes sense to buy that house and then I also talk about some management things. So check that out Uh, I missed my hope you from mohammed's right. Yeah, I saw georgia's on the on the on the beach. Good for him Uh investor brand people can consider decentralized options that they are more adventurous on Quite out you can borrow at a one-time fee of one percent interest. Wow. It's pretty good. Well a fee of one percent and that's not bad What do you think of the tesla cell phone I heard about it hopefully Elon musk hopefully it works out good for him Uh guainabo that's where I live Dorado's I don't like dorado. I don't like the area too many tourists. I like to be away from people Yeah How much bitcoin y'all have I have uh more than most but not as much as I'd like to Not enough that's right Toe furky days tomorrow Lobster messiah. Yeah, I'm pretty red today Web 3.0 enough to use web 3.0. I don't know what jack dorsi's thing is. He's really Negative on the web 3.0. Gotta check that out How about ufo I bought ufo It's a very long-term play not that much, but if you're looking at the gaming and what they try to do looks pretty interesting Any other Theta network any thoughts should do well We need a lot of streaming services instead of just buying up massive amounts of Of properties and and putting in servers You can use use everybody's computer than paying a theta. Sure I bought gallopy months going so I was doing yeah, maybe Don't know Okay, I think that's it Let me go here This life shows a different this life shows going at an hour. I gotta get out of here I got family and I got to go so look Guys, that was long way longer. I thought I was gonna be so thanks for stopping by remember Just be thankful. I mean It's not the gear that we thought it might have been And next year might be great or it might not be so awesome. But again In a long run in the in the long run if we just Watch the video this thing that that that swift talk about the different hedge funds and different banks and different organizations that are already here And of course people like us who see where things are going. I think it's going to do very well. Remember We're at 2.3 trillion dollar market cap 2.3 trillion you know much money is in the world Well in the road and derivatives itself We're looking at one quadrillion and the stock market you're looking at 100 trillion and the global real estate market looking at 300 trillion Well, 250 trillion something like that. So I think we got a lot of room to run. That's it So thanks so much for watching. I appreciate it. I'll see you guys in the next one. Bye


and try to put that into our system with a journal entry. So let's see what this, it gets a little bit more complex. Let's see what this will look like in Excel and then we'll do the same thing in a QuickBooks. So what I'm going to do is I'm going to copy this part from F to M. I'm going to right click and I mean I'm just going to, well you could right click and copy. And then I'm going to put that right here and right click and paste it. And then I'm going to hide this stuff because I want to see my data on the left hand side. I'm going to put my cursor on F, the skinny, and go on over to M, right click and hide all of that stuff. And so now we've got a nice little worksheet that we can work on. I'm going to just delete everything that's in it. I'm going to make that red thing go away by putting my cursor up here and going to the home tab, font. I mean format painter and paint brush that away. And then let's make this get rid of that data. All right so now we've got our nice little system that we can put in here in a journal entry type of format. So now what I want to do is think about a journal entry that's going to help me to grab all of the detail from these reports. So we'll make and you can start to format just a generic journal entry when we do this in QuickBooks. And this again is similar to what some apps are doing when they're trying to integrate and pull in data into the system. It's a similar kind of process here. So we'll start off with the Shopify sales. I'm not going to worry about debits being on top. I'm going to pull it in as I'm thinking about it. So I'm going to say well I know that I have Shopify sales. So let's just call that Shopify sales. I'm going to say equals that one. And the Shopify sales are the gross sales from our report. I'm going to put the sales as a negative. So I'm going to say negative of this number because revenue from a debit and credit standpoint is a credit and I'm representing credits with negative numbers. I know that's a little bothersome to people but we have to deal with debits and credits when we do the journal entry. So that's what we'll do. And I'm dealing with one column because that's the most efficient way to deal with it and negative numbers in Excel. So I highly recommend if you're an accountant thinking about formatting like that because it really saves space. And then we've got the Shopify discount. So Shopify discount and we said that one is going to be a debit. So I have it as a negative number over here. So I need to flip the sign. I'm going to say negative of that number. I'm just pulling in the data with formulas which is my habit of doing when I'm working a practice problem to have the data over here and then pull the information in with formulas. Okay. So this was the sales and then we had discounts which lower it's going to be kind of like lowering the sales. So we could record that separately as like a contrast sales line. So here's my sales and then the discounts. We could group them together. Here's my sales after the discounts. But the whole point is here we're breaking out some of the detail of these line items. And then if we had if we had Shopify returns we didn't have any Shopify returns but just for the sake of keeping our journal entry with all the different components that could be in here we'll put that in there and then Shopify shipping income. So now we're going to say hey look this is what we our sales number was but then we had shipping income meaning we charged the client you know for the for the shipping. So that's so we had to collect another 46 and that should be negative because it's going to be an income amount. So it's going to be a revenue amount. And then we had sales tax payable. So let's say we had sales tax payable. And so this is an amount that we charged the client for the sales tax but we're going to owe it to the government. So we should in theory put it in the books on as a payable it shouldn't hit the income statement. So we collected that from the client but it's going to go into our books as not revenue but rather a payable. And then I'm going to say we have the Shopify clearing account Shopify Shopify clearing account. Now the clearing account is people question like why why do we need the clearing account because we're going to try to not put it directly into the checking account because notice that I'm getting this information from reports and the Shopify clearing is going to eventually clear out into the checking account. But we're not there yet. And before I do the clearing basically hold on I'll get into the clearing in a second before I do the clearing let's do the Shopify let's do the Shopify PayPal clearing account first. So the PayPal clearing why do we need a PayPal clearing same kind of thing that we're looking at these reports which show that there was a payment that went through the payment portal of PayPal. So we someone got on our Shopify store they didn't use the Shopify payments they used the third party integration of PayPal so we expect then the deposit to come in through PayPal into our bank feeds although there could be fees related to that amount which we'll have to deal with on the PayPal level of things. So instead of putting this directly into the PayPal checking account we could do that because then we can try to match the PayPal checking account to this report but it might not match exactly because of the fees on the PayPal level. So what we're going to do is we're going to put this into a clearing account and then when the payment comes through the deposit comes through on the checking account we'll net out the clearing accounts the clearing account goes back to zero. This is one of the most confusing components not only with this manual entry process but with a lot of the apps that people kind of recommend so you're going to have to deal with this concept and so it's useful to see it in Excel so you can kind of see what's going on here. So then we have Shopify fees so let's pick up the fees down here. These are the fees you'll recall that happened on the payout report. The fees from Shopify because these are the sales that were paid out with the Shopify pay not with the third-party PayPal integration and Shopify charged us the fees then which we're going to see come through before we get the payment that comes out. So this payment should tie out exactly to what we get in our checking account whereas this payment to the PayPal most likely will not because PayPal is still going to hit us with some fees before it hits our bank account. So we're going to say all right this one is going to be this 354 actually hold on a sec this is the 15 and I need to flip the sign so there it is okay and then I'm going to have the Shopify clearing account Shopify payments clearing account so this is the other one that eventually and that's going to be let's pull the number in that's going to be this number this is the other one that will eventually go into the checking account and we could put this one directly into the checking account probably because because this is the amount that exactly should hit our checking account because there shouldn't be any other fees because we're getting this information directly from Shopify not a third-party payment app like PayPal where the PayPal is going to hit us with fees so if I put this directly into the checking account then I probably once the deposit clears the checking account could use the matching mechanism in QuickBooks and that would probably work okay but this idea of using these these clearing accounts is usually a good practice because then if there is any discrepancies then we can deal with it on the clearing account level so we'll see what these clearing accounts do now if there was anything that was