Twitter Crypto Payments | DOGE | DeFi Projects

Great, ladies and gentlemen, onto a different format of content this week for all of you. And today I have got some of my best traders in Lou who basically runs our community and whatnot, fantastic trader and apprentice from the past who is now also a mentor to my trading team, the community and you guys as well as Reese who is also one of the apprentices who

has come through and is a successful trader in his own rights. So thank you, gentlemen, we'll be covering a lot of topics today. I appreciate your time. Thank you. Thanks for having us. Thank you. Great. Thanks for having us again. No worry. So look, this is a bit of a shoot the shit type video. We're going to talk about a lot of the things that are

going on in the news, trying to relate it back to price action and what is going on across the market. So some of the key points we are going to be covering in this traders chart is we're going to talk about your own power and his conversation about what's so from the Fed about the I guess less aggressive rate hike strategy. We're also thinking of going

to have a bit of a discussion about buy bit. Yes, the margin trading platform is laying off 30% of its staff. And whilst that might seem like a red flag for some, we're going to have a little bit more of a dig down into that. Just see if it's just a sign of the times or if you need to be worried. From there, we're going to

not too distant future. How does that affect AVE going forward? Is it going to harm Ethereum? And what does it mean in regards to the price of AVE? So gentlemen, I'm going to start off by jumping across into the Fed article right here. Now, this was back on November 30th. So just so everyone is aware, this has got nothing to do with the most recent price

action, obviously the last 24, 48 hours. But it is a trend. We watch the Fed minutes. We watch what they say. And it typically becomes like a cruise ship. You know, it's a long way to turn it stays. It's path for a long time. That takes a long time to slow down and change course. The Fed came out and said that they're not going to be

potentially raising rates as quickly. And keeping up on this and how has it affected what you do when you're dating? What are your thoughts on the Fed reducing the rate of which it is increasing rates, guys? Yeah, yeah. So I will believe it when I see it. I don't think inflation has come down that much. Just looking at some charts and some data. I don't think

inflation has, you know, it has slowed, but it's not to the point that they want. Whether it's just, you know, a bit of a relief from the bear market that we've been in. And we're seeing some money flow back into the traditional market. with how slow in these days, but it is very that way. But it's Ruit Stacy. So in fact, there's a lot of work

going on. It's a Burjalie rasa certainly working attitude first of all. Which we'll go into with Bybit laying our 30% of the staff, but I don't think that's that much compared to other companies out there. I always, when I read these articles, I always think if I was only looking at the chart and I had no other medium to look at, like no news, nothing, what

would I be thinking? I mean, the fundamentals, yeah, the fundamentals say like inflation is coming down, interest rates are going to like interest rates need to slow. If I was just looking at a chart again, going back to this, this concept, I was just looking at a chart, I see a week US dollar and a rallying stock market. And typically this year, when we've seen a

really strong dollar and a, an awake stock market. So a week, S&P 500 at least talking about the index. If I was just looking at the chart, I'd be like, whoa, there's a week dollar, yes, and P 500 rallying. Just looking at, yeah, some of the daughter as well. The, obviously inflation was running ramp at the slow down a little bit. We have seen increases in

GDP as well, which was expected. I don't know if it's expected, but you know, it's good. It's high and expectations last round. Yeah, exactly. But another point is the unemployment rate. And we haven't really seen that rise. Considering the interest rate increase is considering everything else, generally unemployment rate should rise if we start to enter a recession or after a recession. So we're not, it hasn't

hit that point yet. Well, I'm looking at the charts at the moment. I've got the dollar index up, sort of back up the theory. People have been watching that as you guys have been speaking. The dollar, look, it's been tremendously strong throughout the majority of 2021 and 20, well, so the backend from about May was the low. And we sort of reached a peak so far.

That was back in the 20, the week starting, the 26th of September. Now since then, the dollar index has declined to its current price, about eight and a half percent or thereabouts. Now that's a big move for the dollar index. When I look at it on a monthly chart, however, it's got a straight back into the cradle zone. And it's going to be quite interesting to

see where we go to from here. Because if we're going to see the dollar index decrease in value, IE money going away from the safer asset, which is the US dollar during times of turmoil and uncertainty, money does shift into the US dollar, as is the reserve currency of the world, more or less. When the money goes into the US dollar, we Tennessee stock markets fall,

just to repeat what Lou said. Now recently, we've got the S&P did did breach above 4,000, which is the first time it's done that and quite some time in a large number of weeks. Now, from the high setback in January of this year, so the start of the year, to its lows, we saw it declined of about 27 and a half percent. Excuse me, we did

see some relief rallies along the way. Notably, a few weeks there in March, we ran back up 6 percent one week. We saw another strong rally back off of the 13th of June, so the midway of the year, that that rally to about nearly 20 percent just shivered about 19. And then we've pushed a new lows going into the 10th of October and so far from

that bounce, what we do have. So, this is the weekly, we've got a 17 and a half percent bounce from this point. Now, the yo-yo effect that we are seeing in the S&P 500, it's certainly not building any real confidence. But in past times, we have seen declines are relatively stable market condition of decline of around that 25 percent. And then we start to carry on

from there. Whether this goes ahead or not is going to depend heavily on inflation. It's going to depend heavily on the Fed and how they are raising rates. Now, coming back to that article, exactly which came out, Fed minutes came out on the 30th of November. The S&P closed up 3.1 percent, Bitcoin on that same day. Where I'll be the 30th, that was Bitcoin up 4.5

percent. So, definitely Fed now having a major impact on our crypto market. And that's one of the things I think we're going to be discussing more and more the three of us, but also the greater market because it used to be that we didn't need to consider economic data. And when they come out, I'll use an economic calendar for the best part of my trading life

because you need to when you're trading FX and other markets. But now it's seeing very much effect our market in crypto. Now, a couple of other things that you come out and said, you might be looking smaller. Rate rises starting in December. So, it will be very interesting to see what they do next time it comes around. It's also said, it cautioned that monetary policy is

likely to stay restricted for some time until real signs of progress emerge on inflation. So, that essentially reading between the lines is until we do see inflation really significantly stuck to decline, we will continue to see rate rises. It will just be at a slower pace. And he goes to follow on by saying, we will stay the course until the job he has done. Power said

he sees the central bank in position to reduce the size of rate high as soon as next month. Wall Street deplored the remarks. The Dow Jones industrial average close up 737 points, or 2.18 percent to snap a three year, sorry, a three session losing streak. Tech stocks Fed even better. But the Nasdaq composite roaring 4.4 percent. So, what we're seeing is Bitcoin, if you recall, on

the 30th was up 4.48 percent. The Dow, sorry, the Nasdaq was up 4.4. So, Bitcoin and the Nasdaq seem to be correlating much, much closer than we've ever seen it do before. I'm just spun out. And I said, 737 points. I can remember in the GFC trading the DJ. So, that's the Dow, the mini contract on the, so no, that's not just the YM, sorry. I

got that wrong. I'm just going to go back and just see for everybody back then when I was trading it, oh, do we have enough? Yes, we do. Here we go. Yeah, here it is. So, go to the, go to the weekly here. That week was down 1,994 points for the week. Keep in mind prices were at that stage around about 10,000, dipping to a low

of about 6400. So, it just sort of blew my mind out when I saw the actual, you know, the incremental move on the Dow, because that's been a long time since I've traded that market. So, yeah, Pao's going to keep on raising rates, but at a slower rate of nots. And of course, once the rates have been, you know, once we've got inflation under control, don't

be surprised to see the old money printer turn back on, which is going to be interesting to see all in good time. Now, from here, of course, we've related this to the dollar index, the S&P to Bitcoin, that is our Fed article on how it has affected our market. I think the next one we want to talk about, boys, is, is by a bit laying off

30% of its workforce. What do you guys think about that? We'll start with you, Lou. What, what does it mean to you from a position of obviously you're a trader, you're an investor, but you're also an individual who is in this market? Does that set off any alarm bells to you? No, look, just for disclosure, say, I, I had a lot of capital on FTX when

it went down, and I'm still waiting for that situation to be resolved. So if anyone's going to be alarmed, it should be me, but I'm not alarmed by this. I just, look, buy a bit to cut 30% of its staff. I was just reading about the last week. I've been reading about different exchanges. With their pros, their cons. I've been reading about buy a bit. They're

a well established exchange. They, they have particular insurances in place. They don't have, they're one of the only exchanges as well that, that are the bit, they're bit coin, they're, they're, they're local, they're, their exchange isn't run on their, on their cryptocurrency, like FTX was. So, look, if it's not a recession in traditional markets, it's definitely a recession in crypto and in recessions people get laid

off. So I'm personally am not that, that worried. And if you are worried about your funds in exchange, you shouldn't be trading there. Full stock. 100% you shouldn't be trading there and put into cold storage. If you don't want to be trading that exchange, if you're, if you're worried, if you have the slightest whiff of worry, that buy it's going to go down because of these

staffing cuts, then don't trade them by the, what about you, Rhys? I think I touched on it earlier that I think that just gone through an aggressive growth cycle. And now, you know, they've been hit with huge interest rates and a recession. And yeah, they're just laying off some stuff. You know, we've worked with Bybit in the past. They seem like a really good team, a

really good platform. So it's unfortunate for the people that are losing their jobs, but those exchange that do stick out through the tough times will certainly prosper during the, the bull markets. And I think Bybit will be one. Well, the native token just to give some clarity and perspective around some of the staffing issues, but they're the laying off from the beginning of the year to

where we are today, we're, we're down about 86%. Now, don't get too alarmed because that's what most of the market is doing right now. So going back to Bybit, I mean, I kind of agree with both of you have said, I know that at the moment, and I want to address this because at the moment, the slightest whiff of any form of speculation. And that's what

I think is going to be. So that's the main world here we've got to keep in tune with is speculation. People are having these big panic attacks. And what we're seeing a lot of at the moment is we know this already because we know what the media is like. You know what the newspaper is like you open up the newspaper. So you front page of the

newspaper every single day is always a bad news story. Something to begin with, it's under the scare about something to be worried about why because fear sells it gets us locked in. Oh, what have we got to be scared of today? What's happening with this? We know it's a strategy that is used and used very, very well. Think about COVID and when we were glued to

our TV, it's for the reports of numbers each and every single day. That probably had the biggest viewership of anything else on TV at the time. So fear does sell. So how is that being used and manipulated to the advantage of others? Well, obviously mainstream is never in crypto Twitter as an example since the FTX fallout and all the other fallouts have happened this year. We've

seen the massive rise of threads. Here's what I know about FTX thread. Now what this does is it gets them a lot of eyeballs, a lot of traction. They get personal gain because now they get more people that want to follow them than they can do more with that following someone and so forth. So what we're seeing is a vicious cycle. Any bit of bad news

comes out or if anyone, Joe vlogs wants to just speculate that Binance might go under next or all the you know the moon is falling on top of the world in a minute. Anyone can have any opinion out there in the Twitter space, which is great freedom of speech. I don't mind that. But the issue that we're seeing is that people are out there believing in

all this stuff and it's a self perpetuating cycle downwards because people get worried, people then sell the market then panics, we go down lower, so on and so forth from a business point of view. The laying of the 30% of staff if we are in a hard time and we undoubtedly are volumes on exchanges will have increased, so decreased significantly throughout this period. You'll get a

big chunk on the way up of volumes, which means that they'll get their fees on like their money on the way down at the beginning and throughout that they'll be seeing a lot of sell orders of people banking their profits and they'll do quite well. And then after that things go quiet and we are in that quiet period. It just seems like a responsible action from

a business that knows what they're doing. I, and again, I am not a feeliating myself with by this point from a standpoint of I'm saying, you know, you should be trading with by that is not what I'm saying. I'm just saying that it shows that there is responsible management to a certain degree because we don't know any more, gotta be so careful about what we say

these days around exchanges because who saw FTX coming. So it seems like the right thing to be doing tough times create situations where you might not like it. The people are going to be losing their jobs. I don't see it as a red flag that's for short. And just to give some, I suppose, perspective on this, the cutouts will continue. What he's saying is, who's a

CEO? He's a promise of business operations will remain safe while blaming the cutouts on the continuous bear market. He believes the most recent troubles around block fire, which five bankruptcy and genesis, which is said to be close to that step as well, signals that tell us that we are entering into an even colder winter than we had anticipated from both industry and market perspectives. I agree

with him, but the dice hasn't fallen yet. You know, the first, the, the, the dominoes have started to fall, you know, we went, learn, then we had Celsius, don't, then we've got FTX, don't, block fire, don't, and a whole bunch of others out there, the biggest of which would be genesis. If it were to file, it's been very quiet out there about genesis. And while I

hope they get their funding, if we don't see that occur, yep, that will be the catalyst for a move lower. Again, more perspective, Coinbase, sorry, crypto.com and Coinbase were among the first reports, claiming that the former reduced its staff number by several hundred people, the US giant on the other hand, cut 18% of its workforce in June. That is Coinbase. Others include the Wink of Us,

spearhead of Gemini, block, blockchain, home, hobby, cracking, also join the list, firing 30% of its personnel. It's more of a sign of the times. You don't want to be burning cash when you are not making that money in your business. And with the potential fall out of a genesis bankruptcy, I think they're making the right choice, but we'll never know. What do you guys got anything

else to add to that piece of news around Biber? Because they know people will be concerned and they will be worried about this, but this is business. Yeah, it's right. I like the title of the article, just singling out one exchange and then going to the final details. A lot of exchanges are doing exactly the same thing, which is, you know, we touched on that. It's

not just buy-beth, it's not just a certain exchange. It's everywhere worldwide. Most companies going through a bit of a layoff and hard times. So yeah, I don't plan on reading into that too much. Yeah, I'm the same as you guys. And also just important to remember, particularly in line with what happened with FTX. Look, if you're not accepting the risks to trade in exchange, then you

should be trading there. Agreed. All right. Well, I know you guys are going to ask something to say about this because this one blows my mind every time. We're talking about Doge. Dogecoin jumps after Elon Musk shares glimpses into Twitter 2.0 plans. Before I go into any of the article, I mean, the Doge Sug, I find it so, I don't know, man, I won't say it's

frustrating, but it kind of is because, you know, you do your research, you spend time in the market, you find actual, you know, blockchain businesses that have got to token that, you know, you do all this work. And you find all of these projects that you like. And then a mean coin goes in. Our performance bloody everything. It's just, it throws me off. Back on the

24th of October, we saw an increase of 94.95% in a single week. And at one stage, the high of that particular week, it was 150%. Then it had a quick fallback down. Then 2 weeks ago, up 28%. Last week up 5.5%. And it just continues to grind. And what happened here? Hello, we tried together Craig. All of last year, the year before that, the year before

that, the year before that. So I quite a lot. And we've seen Doge come in. We've always talked about the same thing. If there's a trade there, I'll take it. And we've always talked about the same thing with Doge. Like, how is that a reflection on the industry as a whole? Having a mean coin put out there like that? Hey, if it comes from Elon Musk,

he can, he's a richest man in the world. He owns Twitter. He's This one you do it every month. You can do it every once. He wants to pump, if he wants to go for it, it turns. . DCA and investing into doges of cryptocurrency. For me, I'm happy trading it. If the trade says up, I'm not gonna. I can't invest in it. I can't. I

just can't. I can't long-term invest in it. No, no, no. Maybe I'll take a punt. I feel like I can't long-term invest in it. It goes against all my principles trading. But man, if trade says up, and if that's what anyone wants to do, you can do it every once. Richest man in the world, right? What are your thoughts on this bad boy? I agree. He's

a powerful man, not just being the richest person in the world, but the power that he has behind owning Twitter. We see he just tweets something that I don't even think he mentions doge being used as a payment option in the tweet. People just speculated and thought doge was going to be it. And how much is it a pump? And that's probably billions of dollars worth

of dogecoin entering the market. So that man has is just ridiculous. And his newest venture on Twitter is the Twitter files. I don't know if you guys have heard about that, but he's sort of unraveling certain parts of Twitter when it was owned by the previous executives. And there's a lot of dirt on Hunter Biden that is he's bringing up and making public, which is pretty

interesting. That's gonna get into it. Dory, just quickly on that as well. Let's just remember that there was only a week ago that Elon didn't even tweet. He answered somebody's question on Twitter and Bitcoin rose three percent or so. Oh, I don't know what it was. Like one and a half or two percent or so. And think about last year. And when he announced a Tesla

was buying Bitcoin, when this guy makes announcements, it appears whether it's a bear market or a bull market. For instance, if Michael salamated announcement today because of the market current market environment we have probably won't be able to do anything. If Elon Musk does, it doesn't matter what top of market we're in, it's going to do something. So it's he yeah he has as much power

as drone pal market. Really with the statements he makes. Race you're going to say something. I think it's time to start taking Doe seriously. Yeah. Not as ah, maybe not a joke, but well, no, you can. I mean, that's the whole point of these conversations to get different views, points of view. And if you've got a, if you've got a viable reason as to why I

mean, there can be, there certainly can be, you know, something built on that. I'll let you finish your thing and I'll tell you why. Yeah, I think if, you know, if things do take off with Twitter and he does incorporate cryptocurrency as a payment method for Twitter will hit choose Doe and if he does, then I'd want to be writing that. Well, let's dig into a

couple of things here. So when you said, you know, I think we should take Doe seriously. Well, look, let's be honest. Let's go back. Back in Doe's time. I'm bringing the chart up now for everybody to see. And if you're listening to this on the podcast, I'll talk you through some of the numbers so it can make some sense. Now Doe in the past. Now I've

been, I've never held Doe. I have actually maybe that's not true. Maybe I might have had a Doe BTC trade a long time ago. But anyway, that's beside the point. Doe has been fairly widely accepted to be a pump coin. Okay, it does have wild pumps. I'll take you back to the week, starting the 3rd of February, 2020. That week Doe went up 100%. Okay, quick

pump, W money, then it tank right down low. Then on the week of the 6th of June, 2020, a single week yet again, it pumped 144%. Right. Then things really got out of control. We saw Doe on the 20th, 28th of December. It was up at its height 231%. Fast forward to the Elon Musk time. And I think it was also around that game stop period

where all these Reddit users were going to make silver pump. Ooh. Silly sausages. You can't do that with a trillion dollar market. It was up at its high 920%. That's a 10X that Doe did during one week. Now we've seen this happen again and again and again and again. Now if you had a board into Doe, back in, I don't know what's going on November 9,

2020. And you sold it on the 3rd of May 2021. You are looking at 477X. 477,000. And 123% gain. So the reason I bring this to your attention is because while we talk about Doe being a joke, whilst we get frustrated with it, because we're like, Oh my God, how can people be so dumb? Are they? That's my question. Are they so dumb? It's been known

to have these massive pumps time and time and time again. Is it something that we need to consider to maybe hold a couple of thousand dollars worth of Doe because, well, what if it goes again? The only thing is now is that the market cup is still so high. Doe remains in our top 10, believe it or not. With Doe being the top 10 for us

to have further pumps, that mean like to the same sort of level as what we did have. Because don't forget we went from zero point zero. What was it back over here? The low on the candle, the 27th of July 2020. The low is zero point zero zero three of a cent. Now we're trading at 10 cents. It's like, you know, about like the big humongous,

you know, 477X type move. That will probably be over with. Okay, because the market cap is now too large, but it doesn't mean we can't take advantage of weeks like back on the 24th of October, where we closed for the week. 94% up. Could it be something that we hold? Maybe you have, you know, a couple of thousand bucks in it or something. When you do

get a pump, you sell it. It drops. Back down your bike again. You wait for the next pump. What do you guys reckon on that? There is proof there that suggests that this can happen. Of course, it does depend on where you buy it. Because if you had a board it back in, you know, the week of the ninth of August, you are still waiting for

that pump. And you need about a three X or four X to get back to those levels. High risk speculation, but it does move. Thoughts. Yeah, definitely. I think from a trading slash investing perspective, would I risk a thousand dollars to make 47,000? Every day of the week. Every single day of the week. That's a thousand dollars that I would write off. Once, you know, I

did. We did do something like that. But yeah, the returns are huge. A 47 X. They don't come along very often. 477.411 dollars would have been 477,000 dollars. Exactly. Would you risk that? I think all three of us would definitely. Yeah. And there's also just some points. I think it's important to put it into perspective as well. If doge did a massive, massive, big pump like

what it did, what was it? 47,000 or something? Yeah. If doge did a pump like that again, then it's already in the top 10. It'd have a greater market share than Bitcoin. That's my point exactly. Exactly. So keeping that in mind. And then chasing 10 X return or something. Sure. And yeah, and you know what we probably should. You would be a fool to not take

Dogecoin with some ounce of seriousness. Now that it will be a little further. It's Twitter. Blackouts. Let's see. Well, look, a couple of things coming back to the article. We've got to touch on quite a lot here. But one of the things that's really important to understand is that we've got some other parts to this. Let me scroll down. Well, it must have made no mention

of Doge in the tweet or in the attached slides. This didn't appear to stop some investors from being hopeful that Dogecoin would be involved in some way. There's that speculation that rumor mill going nuts, which we see in crypto all the time in October. Rumors surfaced on Twitter's crypto wallet plans after popular tech blogger Jane, mansion Wong, speculated in October 27th. The company had already begun

working on a wallet prototype that supports cryptocurrency deposits with drawls, which led to a Doge price surge of 40% at the time. So, if you're following on in this article, even if they do manage to build a payment system around Twitter, there are much better blockchain solutions than Dogecoin to choose from with regards to security, privacy, smart contracts and scaling. One more little section of this

article says, given that Doge cannot directly interact with smart contracts as part of its original design. I would say that unless it specifically used as an option for payment, the use cases associated will continue to remain speculative. So, again, it's just the rumor mill that is causing these price increases the way that we're seeing them, because there is no real use case for it. If they're

going to integrate another payment, not just payments, but other things that they can incorporate, there are much better options out there. So, the verdict is still out on Doge. Will it go further? Well, I guess it goes higher this second. The Elon Musk tweets about it and that is all you really need to know. And the final article we wanted to come into and have a

look out here is all you need to know about Aves V3 rollout. And what the future holds for Aves. Now, I'm not a huge understander of everything on every layer one. Aves being definitely one of them. One of the things within this article, however, does suggest is that this upgrade is looking to fight Ethereum. So, I'll read from this article. The latter will particularly target the

Ethereum, the latter being A, and the volume of the Ethereum. The latter will particularly target the Ethereum market, where it might be a big deal. So, when it says target the market. This is a CEO, I believe, Cooler Chauv noted that one of the key features planned for AV3 is Ethereum, that rollout is more flexibility for users. The new version will have a more flexibility when

staking, especially during risky market conditions. Now, I've got a question for both of you relating to staking. I'll ask the question. So, obviously, staking has become somewhat of a hot potato in many ways. When the market was good, people were staking. I must admit that towards the back end, you know, I'm talking about two, three months ago, I was really starting to get the itch to

stake some of my stables because if they were just sitting there accumulating nothing really just getting dust. However, my concern for staking has always been, I got to put it somewhere else. If I've got a large amount of stable coin or Bitcoin or Ethereum, or anything, am I going to risk a big chunk of my actual stack just to get? Let's say I'm getting a 10%

yield, because some of them are big ones, right? Let's say 10%, let's say I put a million dollars of USDT into a staking protocol. And for that, I know I'm going to get $100,000 of that year, APY. Now, I look at this the same way that I look at a trade, the same way you were speaking about it before, Reese. You know, I'm now, you know,

if I'm risking $1,000 to make $4,000 to $77,000, that's the right side of the trade. However, I saw staking is the wrong side of the trade. In the sense that I'm risking a million dollars just to have a round number to make $100,000. That to me, there are award risk is skewed significantly. And yes, whilst you might get a couple of years, you're going to get,

say, let's say two years before they go under, which again, I'm not suggesting all staking firms will go under. But we've seen the biggest ones cascade fall and go bankrupt this year. So lessons need to be learned. You've got to be on the right side of the trade and a million dollars to make $100,000 a year. Doesn't seem very well to me. Now, the question that

I have, I'll start with you, Reese, is do you think people are going to get their faith in staking? And with A volume three, try to make staking, obviously a priority here. Do you think that they're sort of, they've been building with the solution to a problem that can't be fixed in the end? I think there's so many parts to staking, but it's really hard to

understand the benefits, the downfalls of staking. But I think staking does play its part. The consensus mechanism around staking, you know, the difference between proof of work or proof of stake requires people to stake those coins to make that network honest and keep the miners honest. So they get rewards for staking their tokens. They get rewards for staking their tokens to make the network work essentially.

And if you are a dishonest miner and you try and hack the system or something, you lose all of your staking so you get punished basically for making the network not work properly. So it really depends on what, well, people want to get out of staking. They just want to make more avetoken to convert into US dollars because then it really depends on what. The returns

do seem pretty good, but yeah, it really depends on your plan. What about you, Lou? What are your thoughts on it? Look, I talk, I remember us talking about this last year in relation to buy bid and farming, yield farming and stuff. We're like, yeah, the yield's so good, but I'm simply just not sold it. I'm never going to stake anything. That's a decision I've made.

I will never do it. It's giving custody of everything I own to someone else. And one of them is if you have to get it out, you can't all these FKX Celsius just to mention a few, but like I tried the farm yielding once and buy bid just to try it out. And I just didn't feel right. Handing my assets over 24 to 48 hours to

realize some yield that I could make trading or managing my portfolio. So that's my thoughts on it. Sure. Well, Aves Price High was $668 on the week, the 17th of May 2021. And since that high, it has been pretty ravishing. Yes, but I've explained this very carefully. We've talked a lot about it, we've talked a lot about B brand troublesome seafood informal knowledge about what I

wanted to add to our FKX sticker that I was going to present the first target. But I couldn't go in due time, I'm just testing what I got. I don't know. Of course, I'll just go in due time. Next. I've got B brandquisite Easys from Army and Cam consistency and examples of how big this day s. From top well categories, sold out a little bit further

and that will also say that there is also large amounts of selling going on. So currently with a the verdict is out. But again, we're going to look at the positives here. We don't want to be a part of the negative, nelly cycle because they're doing good stuff. It's a volume three. They're updating the protocol. They're trying to bring more to us as the users and

for that I applaud them. Now guys, we'll wrap this up because we've been on this for quite some time now. One of the things that I wanted to suggest right now is just coming to the Bitcoin chart. I want people to understand that we are still on a weekly downtrend. And yes, we also have seen a little bit of upside and an uptrend on the daily.

What we need to be doing today, what we need to be doing throughout the weekend into the run to Christmas, which is very much upon us right now when I say run to Christmas. I don't necessarily mean price run. I mean that the dates leading to Christmas are much much shorter right now. So we're going to be at the highs of yesterday, 17,424. And I'd like

to see us look on ultimately. It'd be really positive to see us close the end of the week around 18 to 18 to 5 to really strengthen that daily uptrend. And maybe we'll see it. We're going to have to see something happen because we're very, very sideways in the market at the moment. Could we go lower? Well, absolutely with the Genesis to Michael still unfolding and

not too much information out there right now whether or not they will remain solid or file chapter 11 as high as we can. So as always, ladies and gentlemen, please manage your risk. If you are trading with margin or without margin, make sure that you have, you know, your cold storage and you only have a small amount of your account with counterparty risk. That's the way

that we teach it here at Trader Cobb. And whilst we did get stuck and some recent things that went on with different exchanges and whatnot. We are still here and we are pushing forward to educate you more and more. So we're going to talk about the risks, pros and cons of trading and investing in this crypto market. So to both you, Lou and Reese, thank you

so much for your time in today's Trader's chat. Thank you very much, gentlemen. Thank you, Greg. Thank you. And we will be doing this again at some point in the future with, you know, might not be me. It might be other people in my team, but we'll be covering the topics that are of relevance and importance to you. Don't forget to join the discord community so

you can get access to more and more information. So, if you have a question on a daily basis, seven days a week, you can ask questions with a great trading community. And of course, visit the Trader Cobb website, tradeocobb.com and join up for a become a trader course. Ladies and gentlemen, it's been absolutely pleasure bringing this to you. Thank you, gentlemen, for the conversation. You guys

have a great week and a great life. Bye for now.