SEC "Kraken" Down on Staking and BUSD in Trouble

Can I ladies and gentlemen, welcome to another edition of the Traders Chat with myself, Luke and Reese. Today we're gonna be talking a bit about B, U, S, D and what's going on with that, the staking debacle with Kraken. And we'll have a look at the charts and cover a few more bits and pieces. So stick around for this episode. It's gonna be a crack up.

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discount if you click and sign up with the link below. With great liquidity and great order systems, this is the premier platform for us going forward. Join up with the link in the description to get 10% off your trading fee. Yeah, I thought, all right boys, so what's happening? In the crypto world. It's a little bit happening. I think for us wise, not much, not too

much. All right, you, Luke. Yeah, not not much of me, just a nice weekend. Yeah, feeling good with the markets at the moment, feeling inflow, bit quieter coming into this month after a pretty crazy month and profits in January, which was good. Yeah, there was a lot of activity through Jan. I was away for most of that. But look at it, kind of a bit baffling,

you know, we were seeing the market. Got it. I guess try and tell us it wants to go lower and then yesterday breaking down of the daily candle, but not really going anywhere. And now we're today, especially, which is the 14th of February, happy Valentine's Day. On today, like, we're not sorry, sorry, sorry, happy Valentine's Day. How rude of me. Happy Valentine's Day. Ready to be

Valentine's Day. I've been waiting for my flowers. They're on their way. So we've just seen a bit of mastery. Really, it's not the market. The only thing I'm saying at the moment, I sit out to the community members and discord group is essentially looking for a little breakout levels. Couple of opportunities in spot, trade it against BTC. But look at the moment, the best piece of

advice I'm giving myself is the step back a bit and just watch because we need that direction to come back. And we're just not seeing it at the moment. So you've always seen anything different out there. Not really. Just focusing on those key levels, those daily month of the levels. Yeah, just a few opportunities in the security, which is unfortunate. So coin back. So I'm not

sure if they want to probably check that. Don't fact check me on that. But yeah, so Kraken are stopping their staking for their US members, which is a bit of a hit, unfortunately. It just seems like every single time there's a lot of things that I'm going to do. Innovation that every day normal people can take advantage of to potentially better themselves. And look, let's, let's

put the brakes on that for just one second because staking and whatnot has obviously, you know, we saw block fire. We saw. Self to yes, we've seen many of these companies that have these great returns. A PY is all that go under. So we've got, I can understand why they're being a bit more cautious because when it works, it works great. And you just hold your

group down to get paid for holding your good one spot. Beautiful. Great. Good. Much better interest rates than what we're seeing at the moment. And it's a good option for people with a long term holders, but the trust factor needs to be there with the platform. The problem that I see is that it's a very overreaching, you know, government control again on our money. And don't

forget what crypto is. It's, you know, not your key, not your crypto, but also obviously you're not holding your keys when you're staking. But the thing is is that it's money for the people. That's what Bitcoin was there to do. And now they're saying, well, you can have Bitcoin, but you can't. You can't do anything with it. You can't do this with it. Well, not anything,

but you can't do this with it. You cannot take advantage of other things. If you're sophisticated investor, you can be doing whatever you want. So if the rich, you've got options, but for anybody else trying to get rich, no, we must oversee everything and look over you and make sure that you're not allowed to make it. It's really quite frustrating in that regard. And I'm not

it's, you know, I don't know, man, it's, it's kind of one of those hindsight things like hang on. You just making the rules up and then finally say you can't do it and let give me, you know, six months to my mind it or something and make clients whole and to, you know, okay, look regulations have changed. Let's change with that. But just slapping it with

a fine. It just, it just seems, I don't know, I don't like the way it sounds. It's just so much control yet again. Just seems like the SEC have their greedy little fingers and just a chasing together, you know, quick wins, which is really frustrating, but looping back to the how he tests. Sorry. They actually lost in court against the SEC, but that case was the

reason that we've got four fundamental pillars, I guess. So decide what is the security and what's not. So the first is an investment of money in a common enterprise with the expectation of profit and to be derived from others efforts. So what's, I'd be interested to understand what is the difference or the differentiation between profits and, you know, income. Because if you look at it, like,

let's say you're talking about a house, right? A house, let's say you buy a house and you get a rental yield of 5%. So you get 5% net after costs. Beautiful. You don't really well there. Because that's an income, right? That's, that's an income coming to you. I don't think they classed that in the same degree. But why is it that if we're using other assets

that we hold and own that we call that's called an investment and we're looking for it to gain is it because if we stake with a stablecoin, we're not looking to gain anything of the growth of the stablecoin. I can understand the Bitcoin Ethereum, whatever else because we're using an asset that we're using. We hope that we'll increase in value and getting paid a yield based

on holding that asset inside of the platform. But if it's a stablecoin, it's essentially doing exactly what a bank does. Exactly. 100% why why like I get 1% interest in my bank account every month. Why like, I and G hasn't been taken to hasn't been given a phone by the SEC for that. What's the difference? There is no difference. It's the same thing over and over

again. This is what I was talking about. It's different to race about like when FTX went down, the big fudge surrounding after like once FTX went down was Binance was being investigated by the DOJ. And then it now it's now it's stable coins being investigated. Now it's aliens. And it's just it's like it's ridiculous. It's like and the one thing the SEC. If you turn it

down, it's not going to be a big deal. So you know what, for me at least if anything, all this is is to cover up from the bigger picture on how the F on how the SEC completely screwed up with regulating FTX. Because they were the most regulated exchange in the space. If anything, especially like, oh sorry for putting it out there. If anything, if anything

is just to cover up that because I've even had one P about the SEC about FTX in the last since FTX went down. Yeah, it's been pretty quiet since then. It may be, you know, often it's like, you know, if you've got a child teenager who smokes potlots, say, and you sort of say, oh, it's not a big deal. We have a little conversation about it.

And then they end up doing meth. It's like, shit, now I've got to come down like with the heavy hand of the law. And you overdo it on the second swing and a hand. You overdo it on the second one because you stuff. Well, not everybody stuffed up. You did. You stuffed up. Don't make us all suffer for your stuff up. You know, like, yes, FTX

fooled there. I mean, Gary Gensler or whatever his name is. A big part of it. I mean, they definitely cocked up there. Would they be able to see that? Well, they should have had exposure to it. They should have been able to see because that's their job. And they have had so many failings over the years. I think what they're doing is they're just sort of

going out for headlines, trying to smack them. And so we do have power. You must obey. And it's like, you dickheads. You failed before. And now you are overdoing it for the things that are legit. You know, I get not I'm not saying crackings good all bad. I'm just saying that it seems like it's a very heavy hand of the law. And it sent me this

tweet about BUSD being looked at by the SEC, which is unfortunate as well. So how is a stable coin? An investment where you expect to profit from that investment? It's a stable coin. I think I think that look, I'm in two minds about this. And the reason being is this. I'm all for stable coins. Like, they're the best place. That's where you keep your profits. That's

what you do. You make your profits. You bank it in stable coins. And the markets are falling. And you buy the projects you like when the market's going up. You invest your stables into projects that you want. You hopefully get more profit out of it that way. And you, you know, you work it as a tool as a trader and investor. The thing I am okay

about when it comes to stable coins and the SEC or any governing body overseeing body, hopefully not overreaching body. I am okay with them making sure that the balance is there. Imagine, right, for it, just let's take up a screw the banks hat off. And let's put on the hat of, let's keep ourselves protected. If USDT or BUSD, because that's like got a, it's top three,

sorry, top 10 coin in the stables as USDC USDT and BUSD. If any one of those happened to have a problem and do a UST style deep hegging and fail, that is going to send our market into an even worse position. So regulation for regulation, sake, bad. Regulation for safety, sake, for a realistic reason as in IE, just prove this thing is real. You know, prove

that the, you say it's got 50 billion. Well, where is that? What is that? How's it backed? What is how does that work? That I'm okay with. Because imagine if you just made yourself, you know, you first me and Bucks or something and you go, right, I, bam, I'm going to sell them in stable coins. I'm going to diversify in a property, maybe buy some stocks

by myself and you hat to wherever it is that tickles your fancy and you hat, that would be very, very low key making. Anyway, you know, and then it's gone because if somebody's mistake yet again, I get that. I don't know if that's what they're going after, but I do. A poor, you know, proof of the actual stable coin being. Well, I think I'm just used

to saying the SEC going after people, but in this case, it's the New York Department of Financial Services. So Paxos is the company that believed that amending BUSD and they've been told to stop minting it by the New York Department of Financial Services. So, you know, as a result, CZ saying that the BUSD market cap will only decrease over time, but they'll continue looking into this,

which is. DSCC, what are they? Where does all this money go when they slap finds on people? Where does that money go? To go in their pockets. So, just quickly, Paxos is a fully regulated and ordered company, just FYI. All their money, that's why they have a New York financial license and they have audits like Tether does. They've audits published every month. Just say. So, to

be interesting to see what. Why? Why? Why? They're not fighting it. I think they are. They should be. The thing is, it's like arguing with an angry mother. Sometimes you best to just walk away. Whether you're right or whether you're wrong, sometimes you just get, you know, well, mum, you're right. I'm going. I can't be bothered with this. So, I can get it if they don't

fight it. And I don't think that raises any red flags because, you know, you don't tackle an elephant, you get the hell away from an elephant, you try and keep it a distance from the elephant. So, the elephant can't hurt you. That's the sort of way that, you know, the SEC and these massive organizations operate is that if you can sort of not work in the

shadows, because the shadows they go looking for you, but if you can work in plain sight, but not stand out, you know, if you can conform and do all the right things, then you're less likely to be pointed out and shut down. But what's the repercussions of this? Like, I'm looking at Twitter right now and I'm business and finance, trending, as USDT with 36,200 tweets. So,

it's obviously, every time it comes up with stable coins, it's always USDT that keeps popping up. Well, what's happening is, is that on chain, everyone selling their BUSD and USDC and converting it into Tether, because Tether isn't regulated by the US government. But USDC is through circle. Is it, is it, I thought it was consensus. Or is it consensus? Hang on, I'm, I'm, I'm, I'm, I'm

getting the C words mixed up. I'm getting confused here. So, they're selling the USDC as well, because that could come under US scrutiny. Is that right? It could come under scrutiny of financial body in the United States. Now, there's something about that that doesn't really make sense though to me, because when the United States sanctions countries, they sanction countries because the United States government owns the

US dollars. So, if you, so if you or I have US dollars in our bank account, technically the United States government, because they own those dollars, they can, they, they're allowed to seize that. So, I don't understand how, so sure if everyone goes into US DT, but at the end of the day, US DT, well, sorry, looking at US DT's website right now for transparency, they

don't only hold US dollars, they hold gold, they hold Euros, they hold Yen, they hold. They hold Euros, Chinese Yen, I'm pretty sure, and gold, and MXN, which is mixed crypto. I'm pretty sure. Okay. Well, I'm looking at the volumes on CoinMarketCalf. And I can see here that Tether has a market cap of $68 billion. Volume in the last 24 hours is 39 billion. The USDC

volume in the last 24 hours is 4.7 billion. And that comes in as number five in the total top 10, Tether being number three. And now at number seven is BUSD, which has had a volume of 12 billion today. So I'm going to see how that continues to play out. And if any of the stablecoins start to sort of run up the ladder, because it's also

true USD, which is all still quite a popular one as well, I'm not saying it in there at the moment, but I'm also flicking three. Oh, there we go. Number 53 with 945 millions. There's not much going on there. But it's just another one where, you know, the powers that be, I mean, the US is really, it's really quite interesting watching one of the, you know,

the most forward thinking for a period of time when it comes to industry business wealth, that sort of thing. That's how America became a powerhouse, you know, that's how they are who they are today. But now they seem to be stifling all of that. Well, you've got other countries like China, very big on technology and this sort of thing. You've got Russia who's talking about that

sort of stuff to other countries, smaller countries around the world. And it's really strange to see the US opening up essentially like shutting their own domestic market down, which opens up the opportunity for this key technology for other countries to come in and be dominant forces. And if we are going to move into this new era, which we are, we've got, you know, we've got AI,

we've got body web three. We've got crypto, we've got blockch, we've got all these stuff. They're going to be left behind. And the other thing is as well as that, if America were to put a proper framework in place that was acceptable to the community, crypto community, a lot of businesses are going to do business there, which will increase their jobs and it will increase their

GDP because it'll be getting more tax as well from those companies. They've been forced off shore means the US ain't going to get dick from any of it, which is a concerning factor if, if, if you're a congressperson, mind you, they probably don't give it two hoots because they stick around until they're gone. But anyway, it's another interesting unfolding situation in our market, which seems to

be a knock on effect of the, basically 2022. Yeah, it's concerning that companies are just getting stomped on by the SEC. So they're going to be forced to go overseas into different countries that are less regulated so they can progress and do their things so we can move forward. Putting us at risk. Yeah, exactly. Yeah, exactly. They're there to protect us. But as long as it

doesn't happen on their watch, they're okay with it. Yeah, I don't know. When you point the finger, then it's like, told you so. Yeah, where were they when it's like, are we going to get anything? And look what happened in Australia with FTX, the, um, the regulatory body in Australia, people, ASIC came out after FTX went down and said, oh, actually FTX got a financial services

license because they bought a company with one and it's actually the director of ASIC said, oh, it's a big loophole. Yeah, you really should get fixed, but it's not going to. Yeah, yeah. We're not going to be doing it. No, they can't do fit and proper tests on the new owners. They can only do fit and proper on the, on the actual FSL holder. So it's,

yeah, it's a flaw. So yeah, that's the side of the around, around, around. It seems a bit ridiculous. Politics and this sort of stuff generally is a bit ridiculous. It moves like a cruise ship. It takes a very long time. It's a long time to turn, but it also, it once it starts turning, it tends to stay in that direction quite sometime. So, you know, we've

got, we've got a lot of decks is we've got a lot of sex platforms that are not in those countries. The market is not really impacted as much by this. It's another little, a little thing to keep an eye out for. What else is going on at their little ladies gentlemen. So the company called WireX is taming up with visa to help use crypto as a

form of payment with the card. Which I thought was really interesting. We've had, we have heard about this before. I believe WireX is the ones with, you know, FTX, we're bringing out that card to use as payments. I think that will accompany behind that. But now, yeah, teaming up with a visa, which is a massive one to, um, to provide crypto payments in Europe. I believe

the USA and 40 other APAC countries. Is that, is that just an extension of what crypto.com does with their card? Is it just another company that does it? Or is this something groundbreaking? Well, it's visa. Yeah, but they were. Doesn't it? Doesn't it? I don't have one. I'm not sure if it's, I'm not sure if they just use the visa platform. I have their own way

of doing it. Or if this is an actual partnership. That's the differentiation. Well, I spoke about using the security features of visa for the crypto payments. Okay. Well, sounds like it's a proper partnership. That's good to see that. I mean, they have to. That's the whole model. If they don't, yeah, get involved and push it forward, while they've got the, um, you know, not monopoly, because

there are my Amics, Mask, card, whatever else is out there. But if they don't start looking to this, they know they're going to get chewed out. And we've also got. Are you guys sorry? Yeah, I was just going to say like visa, mastercard, Amazon, like all these, all these companies, like kind of like what going off what Craig said, like it's like a cruise ship. And

then once and like it's slow to happen. And then once it picks a course, it sticks to that course. And it goes for a long time. And we've heard this like, we've been involved since what 2016, if not a little bit beforehand. And we've heard about countries like companies, sorry, like visa, mastercard, Amazon, Google, all dipping their fingers into crypto. But you know, over time, this

will add up to the actually, yeah, it'll, it will, it will become integrated. It is growing. All right. I mean, like it's growing already. Now it's happening. And the other, the other crazy thing is as well is that, um, while this is going on in the background, this is happening in a bear market in a market that is not strong. So people, these massive corporations are

looking at this and going, okay, well, the price doesn't really matter. It's not going anywhere. It's going to keep being integrated. And you know what, we're going to try and help to integrate that because we can see what's coming. And if we own a market share of that space and the payment sector, we're going to do well. And it's investment from business that is very, very

important because watching the, the regulators, it's like watching. I know two golden retriever pups playing it is rolling over top of each other jumping up and down, running around in circles. They got no idea what they're doing, but they're having a good time doing it because their puppies and they got no brains, right. And that's like what we're doing. Watching what the regulators have been doing

for many, you know, for a long time. Um, so to see big business, get behind it and sort of see the opportunity to seize the market. That's a big step in the right direction because business is always way ahead of the public sector. Um, which is really important. I say, I mean, just imagine if we could get, you know, the likes of Amazon and Apple. I

mean that, that would transform everything. I'm just on wire X is website now just quickly guys. And it's actually, this is actually quite a big deal. Like, I mean, I'm just going to be able to see the market share of that. Um, like we're talking about a company that has reached to, to, um, including Australia, mind you, but to like every first world country in the

world. They're offering, um, borrow stable coins starting at 0% APR. You can enter, you can integrate wire X with your bank accounts supports all the top stable coins here. 250 digital assets, access institutional. As they're pricing all this stuff, but they're partnered with beat with these are and master car. So, um, so, the like, like also what I'm trying to get out here is, I know

something that I think we've all experienced, particularly through us in this market is when there's a news flash, the news is always happens. It's always, it never predicts the future. It's always way, way behind, especially like what Craig was getting up before, when it involves a regulatory body or a government like, it's always way, way in the past and re and so, in a way, the,

uh, New York financial services coming after BUSD and then you have these deals like going on with wire X. They're so far behind in the past. Yeah. And the action what we actually should be listening to is this news over here, this signal over here. The private sector. The private sector. And speaking of lagging, speaking of lagging, getting a lot of attention this week talking about

indicators, because every two bit influencer with half a brain is out there crossing their 50 and 200 period moving averages saying, oh, the big cross. Well, yeah, yeah, yeah, yeah, little annoying dogs that wake you at six in the morning. And that's, but I'll tell you how I really feel. Dead crosses don't mean jack all ladies in gentlemen, price leads, you're moving averages, price leads, indicators,

indicators don't lead price. It's just a bunch of cloud chases getting their likes and whatnot. And it's an absolute, complete waste of time. Yes, we have seen something called a dead cross. If you even use those moving averages, none of us do. We don't use them because we don't make decisions off of them. But the market itself has come off over the last couple of weeks.

So you want to pull your charts up, mate? We'll have a quick squizz at Bitcoin. Just in the meantime, I just want to loop back quickly to a little conspiracy theory, I guess, is we're talking about, you know, visa and YRX, teaming up to bought payments in crypto. You've got the Bank of England coming out saying that they're looking into with the Treasury to announce a

digital brick coin, which will use the platform cryptocurrency. No, Yeah, yeah, the old stable coins are bad. You must use our stable coin because it's a government bank stable. We're only going limit here. 20,000 of them. You're under the 20,000 of them. Oh, yeah. And then they'll have, they'll have some sort of carbon system that up. You've used too much carbon this week. So you can't

drive a car anymore. Control control. Yeah. Ridiculous. Right charts. All right, let's have a look. Okay. Dominance, dominance, Bitcoin dominance. Look to this before. I mean, do you do pull anything from the dominance chart these days, Craig? Like really nice, weekly uptrend here, to be honest. This is what we want to see on Bitcoin. This kind of patterns. Well, we can. What we've got for those

that are listening on this as a podcast, we've got high allows and higher highs in the Bitcoin dominance chart. The moving averages are in the correct order for the trend. They've crossed who cares, but they are in the right order. So that's good. And Bitcoin's dominance continues to rise. I mean, we've had a little bit of a pullback, which we've seen. And it's very similar to

the Bitcoin chart, except for this week's current Bitcoin dominance week, it is up, whereas Bitcoin price itself is currently down. But the charts are not too dissimilar at this moment as a matter of fact, you want to jump across the Bitcoin down. Have a look because Bitcoin's had one single pullback with a high low. Where it's a bit more as Bitcoin dominance has had two. So

it'd been nice to see this level of 21,000 or thereabouts or even the lows that we've made through here, which is what, I don't know what the actual numbers are. 20,925. Yeah, something around there, you know, that sort of move would be very, very nice to see a start to move higher from there. But in the same respect, we could still go low because the daily

isn't a downtrend. What are your thoughts? They're just good for me. I'm the same as you. Look, we've had this pullback here in the daily. To be honest, when Bitcoin, when I saw this candle here in Bitcoin, I was like, smash through that daily level. There were no buyers. You know, as the market does, it repeats itself, it repeats these patterns. And we've pulled into this

weekly level of resistance. So I think I've got them just let me sit here. And so there's actually a bit of a rough monthly level running through here as well. Well, how about go to that monthly? Let's talk about how much it actually moved in the month of January. Just hobby candle over there. Sorry, hobby cursor over the month they can live last month January. Yeah,

just like that. No, last month. Here we go, January. What's the move? Are you haven't got that on your charts? Oh, here. What's the move? So we had a 26% of it up. Okay, so 46% in the month of January. And so if I we've pulled back what? I think it's about 12%. Yeah, yeah, that's right. Trying on it. So look to see a bit of

a pullback now, not a big deal. But one thing I will state is that when I look at these moving averages, you've got your 10, you're 20 for those in the podcast that can't see this. This is also on YouTube, by the way. For those of you that, yeah, we're back up into the cradle zone, which is a zone for which I look for shorts on

now. It's not the greatest of downtrends. Want to be the long period of consolidation sort of through October, November, December and then the pop up in January. But it isn't a monthly downtrend. So we could potentially see further downside. The weekly does have an uptrend. The daily has a downtrend. And this is the conundrum that we're facing as traders at the moment is that when you

throw the four hour in, it doesn't have any real trend there either, we're not left for too many opportunities. The best thing you can do really is sit back and wait. Brush up on your skills and just try and be ready for the next move. Yeah, prepare. That's what we're telling everyone in the community. Prepare. And so also what is one thing for certain we always

say that's one thing we've been talking about a lot after these consolidations after this consolidation after one of these consolidations. This one's looking like this one. It's always followed by a huge move. Every single time that's that's one thing that can say, I said, the consolidation is followed by expansion. So that's definitely coming, which is going to be patient and wait. All the question is how

long I mean, is expansion going to be down or is expansion going to be up? I mean, that's that's really where we're at now. When you look at the weekly, we got an uptrend. When you look at the month, we got a downtrend. When you look at the day, we got a downtrend. We are just so confused right now. And look, we're still about a year

out, a bit a year and a bit from the next halving event. And the halving doesn't necessarily make Bitcoin go up immediately. It's usually 12 months following that event that we start to, well, maybe in the eight months, that we start to really see the momentum and the activity in the market. Now we are going to potentially be faced with some different circumstances. You look at

US equities, which is a major global barometer for economic health. And you've got some people out there saying, oh, we're out of the bear market. Some people saying it's going to go much lower. As is always the case is there's always the case that we that we do see this sort of, you know, what is it going to be, which way? And that's why markets work

because you got some people that want to show it and some people that want to buy it. And therefore we get volume. That's why you need to make your decision as to what you're going to do. But I just saw the S&P 500 and it had a lovely pullback there on the daily. A few days back. Yeah, yeah. And it actually bounced bang off off the

nose off a month of level as well. And a daily level. So kind of similar to Bitcoin really. Like Bitcoin did bounce off that month level to the upside. So we really want to clear that. But look, in saying that, you know, look at these charts like Ethereum and Bitcoin. This move here, a 46% move, even for Bitcoin, it's not to be sneezed at. Like that's

a that that's if. If you're a person, if you're listening to someone in the market, that's going short everything right now, you cannot discount this move here. This was huge. Huge. Yeah. There's something shifting under the market. I think 2023 is probably going to be a bit more chop bit up, bit it down, which look, it suits us as traders. We just have to capitalize on

the moments we do get some momentum. But I think it's setting us up. Really, really well for 2024. Get all the crap out of the way. You know, the bear market of sort of 18, 19 was a was a long one. It was a, you know, proper 18 month, two year type thing. And then we saw that big race after the harving event. We cannot know

what the financial stability of, you know, the major nations of earth is going to be whether or the harving will have the same effect next time. What we can do is we can make sure that as we trade in we're stacking our sats. So we're stacking our stables by profiting from the momentum and the moves that we do get when we do get them. You've got

to know what you're doing, but the money is still there to be made. Perhaps not as frequently or not as much because when we're trading in a bull market, our investment portfolio is going up. Whilst we're also trading in very, very strong trends, it does give more opportunity. And the moves tend to be a little more cyclical. Well, I found in bear markets is that it's

great when you are already sure because that you might see a 10, 15% day. Now if you've got a 15% count, you might be on a 100 to 1 trade. You can make your lot of money very, very quickly. But then it goes into a messy period for a lot of money. So on period, then it leagues down. So whilst there's not as much opportunity in

a bear market because of trading and investing, it tends to follow your dips while your trading goes up. If you're doing it right, if you're profitable, it is something that we can still make money and stack those sats. If people think two short term in this space, they've got to start thinking longer term and what they can do throughout the next year or so, educate, learn,

trade, profit. And even if you're not profiting, make sure you're getting a skill set. When the opportunities do come and it is a bit easier, you kill the pig, you know, everyone in the community. When the bull market comes, everyone's like, oh, everyone comes out of the little bit, yeah, make lots of money. It's generally the people that have been sticking around and working through the

harder times that will come out on top. So yes, thank you for pulling your charts up there. Low markets definitely a little bit confused, not too much more to add there. Of course, guys, if you like this share, you know, subscribe, turn on your notifications. But yeah, thanks for thanks for the chat today, gentlemen, is there anything else that you boys wanted to add? Yeah, I've

got one more thing. If you want to learn more about charts or trading in general, come along to the free webinar on the 27th of February, or by Lou in Discord. Yep, please, please come. It's a webinar about how explaining how I lost 80% of my account and FTX and how I'm trading that way and how I'm going to how I am trading that back. And

how I'm actually progressing doing that as well. Yeah, and also just a hindrong Craig and Craig's message before plan prepares, like going to the gym, like you should be interacting with the market, even if it's in a bear market, like when the bull market comes, and if you're not fit and in practice, when the big game comes, you're not going to be ready. And you will

miss out on making a lot of money, which you deserve to make. It's that easy. You deserve to make it. So, yeah, I'm going to do that. Yeah, check out our Discord. It's popping off. That's why it's there to help everyone. Beautiful. Are you serious? You had something else to say? The webinar. Beautiful. Well, guys, all your links that you need to below here. If you're

on the podcast, please do jump into our Discord or hit up the Trader Code website. Ask any questions there in the chat bot, or you'll see it in the description there as well. Thank you once again. Reese and Lou and to our lovely audience. If you have any questions, by the way, Chuck, in the comments. We'll get back to you and answer anything that you have.

And of course, the Discord group is there for us to do that daily. So thank you very much, gentlemen. This has been brought to you by Big Get. And I hope you all have a great day. Let's see if we can get some momentum for the market and start to get some really good conditions again. Cheers, guys.