Latest / Earn Your Leisure / Should You Invest in Coinbase, Bitcoin, or The Bitcoin ETF?

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Should You Invest in Coinbase, Bitcoin, or The Bitcoin ETF? · Earn Your Leisure

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Speaker 3: Bitcoin last week it hit an all time high when
1:55
Speaker 3: we was on air, I think sixty eight thousand. Today
1:58
Speaker 3: it cracked over seventy two thousand. Big Coin's going crazy,
2:05
Speaker 3: and also as a result of bigcoin going crazy, of course,
2:08
Speaker 3: the whole space is going crazy. But coin base, you know,
2:12
Speaker 3: for full disclosure, I've been an investor in coin based
2:16
Speaker 3: stock for a couple of years now, and bad decision
2:20
Speaker 3: where I actually brought it at a high and that
2:24
Speaker 3: was down. Coin Base stock dropped drastically and I was down.
2:28
Speaker 3: At one point I was down forty on my position.
2:32
Speaker 3: The days is over and I'm positive now. I think
2:35
Speaker 3: I'm positive like ten percent now, so I'm back in
2:39
Speaker 3: the green for my coin based stock. I still don't
2:44
Speaker 3: have any endorsement of coin base because I got robbed
2:47
Speaker 3: on coin Base.
2:48
Speaker 2: That's why I didn't invested them.
2:49
Speaker 4: But I brought the stock before that happened.
2:53
Speaker 3: But in any event, coin based stock is up as
2:56
Speaker 3: a result of bigcoin reaching all time high. Bigcoin is up,
3:01
Speaker 3: Other cryptocurrencies up. So we're going to talk about the
3:04
Speaker 3: whole space. We're going to talk about the host space.
3:06
Speaker 3: But let's start with coinbase stock. We haven't talked about
3:10
Speaker 3: them in a while. They are currently at around seven yeah,
3:17
Speaker 3: around seventy mark ish the all time that fifty two
3:22
Speaker 3: week high, it was two seventy one, So okay. Coinbase
3:27
Speaker 3: a company that showed a lot of promise. It debuted
3:30
Speaker 3: at three forty two. Still hasn't gotten back to those number.
3:33
Speaker 2: Too high.
3:34
Speaker 3: Yeah, it debuted three forty two and then dropped all
3:37
Speaker 3: the way to thirty three dollars. Legendary, it dropped from
3:41
Speaker 3: thirty three hundred and forty two to thirty three dollars
3:45
Speaker 3: and Kathy Woid was the one that she brought a
3:48
Speaker 3: lot of at a high and then but now it's rebounding.
3:51
Speaker 3: It's headed back on to three hundred. So what's the
3:55
Speaker 3: deal with coinbase stock.
4:00
Speaker 5: Let's go look at the so gross margins eighty five percent,
4:04
Speaker 5: net margin three point two four percent. Of course, the
4:08
Speaker 5: success of Coinbase heavily tipped to Bigcoin and Ethereum. With
4:12
Speaker 5: Bitcoin doing incredibly well, they shot up a lot. Also,
4:16
Speaker 5: Michael Sailor's micro strategy shot up a lot, so like
4:18
Speaker 5: we're seeing Bitcoin drag up other companies that were not
4:23
Speaker 5: doing well before. I do still think they have some
4:25
Speaker 5: challenges they need to fix if they want to be
4:28
Speaker 5: like that pre eminent vanguard like player in the crypto
4:33
Speaker 5: space for those that may be like laggard investors. But
4:37
Speaker 5: they've had a hell of a run. They opened up
4:39
Speaker 5: at one point seventy three this year currently at two
4:42
Speaker 5: sixty seven fifteen. Been a great run. Brian's had a
4:46
Speaker 5: bunch of battles that he's overcome. Kudos to him. Still
4:49
Speaker 5: not one of my favorites, it's not in my top fifty,
4:51
Speaker 5: but I'm glad you are back in the positive.
4:53
Speaker 2: My god, thank you.
4:56
Speaker 5: But this is a way to invest like Coinbase, I
5:00
Speaker 5: it they are other ways to GBTC is another way
5:04
Speaker 5: to invest through proxy into bitcoin, and that GBTC went
5:09
Speaker 5: from thirty eighth five to sixty four. So if you
5:13
Speaker 5: want exposure and you don't want to pay seventy three
5:16
Speaker 5: thousand and seventy two thousand a coin, you can get coinbase,
5:19
Speaker 5: micro Strategy or GBTC and to get exposure to the
5:23
Speaker 5: market that way.
5:25
Speaker 3: I should I sell my coinbase now that I'm positive
5:29
Speaker 3: or should I ride it up?
5:30
Speaker 4: Should can? I? Can? I still get some I will.
5:33
Speaker 5: I'll probably lock in profit at like one percent just
5:36
Speaker 5: the case of the crashes, but but I will let
5:38
Speaker 5: it ride.
5:39
Speaker 2: I mean, it's interesting when you look at the climb
5:41
Speaker 2: of coinbase.
5:42
Speaker 1: It was at three forty two when it debuted, and
5:44
Speaker 1: then November of twenty one it got back up to
5:48
Speaker 1: three forty two.
5:48
Speaker 2: So it did pull back after.
5:50
Speaker 1: But I remember I was talking about not investing in companies.
5:53
Speaker 1: Uh after they buypo for at least six months, and
5:57
Speaker 1: yeah happened. In the seventh month, they puilled a little
5:59
Speaker 1: bit back down. But even on this ascension of bitcoin
6:02
Speaker 1: up to seventy two thousand, it hasn't been a meteoric
6:04
Speaker 1: rise for coin base.
6:06
Speaker 5: It's been a steady rise, right, and so if you're looking,
6:08
Speaker 5: it's been a study ross.
6:09
Speaker 1: It's at all time high, but coin Base hasn't gotten
6:11
Speaker 1: nearly back to its all time mine. That looks a
6:13
Speaker 1: little concern to me when we know how reliant this
6:15
Speaker 1: space is on this.
6:18
Speaker 2: I mean they've had two positive quarters.
6:21
Speaker 1: Yeah, but I wonder now, I'll just say, I wonder
6:25
Speaker 1: if this we always talk about ETFs when we're talking
6:28
Speaker 1: about individualized stocks and individualized equities, is this it is
6:32
Speaker 1: bitcoin the premiere place where we're talking about Maybe the
6:37
Speaker 1: ETF route is probably best because of the less exposure.
6:41
Speaker 1: So you mentioned one, but bit b is another one.
6:45
Speaker 1: Is the ETF route probably better.
6:47
Speaker 2: For Bitcoin than doing like a brokerage like a coin base.
6:52
Speaker 5: Larry Finking Black rocks for me to say, yeah, shout
6:55
Speaker 5: out to everybody who killed me when I said the
6:57
Speaker 5: banks are going to come in and take over a
6:59
Speaker 5: bitcoin eight team point nine billion a bigcoin under management
7:02
Speaker 5: shot to Larry think, yeah, so probably a safer investment,
7:07
Speaker 5: but it would be the same two tech two index
7:09
Speaker 5: strategy for that. So if you wanted to do coin
7:11
Speaker 5: and GBTC and pair it with ibit or bit b
7:15
Speaker 5: or you pick the ones that you want to invest in.
7:18
Speaker 5: But it's the same strategy, and the index component is
7:20
Speaker 5: to prevent massive draw downs if the stock or underlying
7:24
Speaker 5: asset goes down sixty seventy percent. So yeah, I mean
7:28
Speaker 5: they got three percent net margin. That's when people are like, hey,
7:32
Speaker 5: how do I know, like fundamentals, what are they netting
7:36
Speaker 5: if they're a negative or reblay, But if they're between
7:39
Speaker 5: one to nine percent, it's not a business. I want
7:42
Speaker 5: to be in my top five. So I think the
7:47
Speaker 5: math is really simple. I think it's common sense, like
7:49
Speaker 5: Shoddy said earlier and bigcoin.
7:52
Speaker 3: I mean, coinbases the premium place in America to buy cryptocurrency,
7:58
Speaker 3: so it would make in said cryptocurrency increases and more
8:02
Speaker 3: people buy cryptocurrency, that their strength and the evaluation will
8:06
Speaker 3: go up.
8:06
Speaker 4: I mean it's a direct correlation.
8:08
Speaker 5: So Apple could have bought coin base at that low too,
8:10
Speaker 5: being stupid, Yeah, thirty stupid instead of arguing with what
8:16
Speaker 5: epic games and even at that two billion dollar EU
8:19
Speaker 5: found like it's like, bro, I don't believe the games
8:24
Speaker 5: over until we're up about forty Like they need some
8:27
Speaker 5: exposure to crypto. When that stock went to forty fifty bucks,
8:30
Speaker 5: they could have put a been and bought that.
8:34
Speaker 3: It's one of these things right where it's like because
8:38
Speaker 3: I'm just I'm just doing the math right now.
8:41
Speaker 4: And coin base low of thirty three dollars two years.
8:44
Speaker 3: Ago, it wasn't a long time ago two years ago,
8:46
Speaker 3: and it's at you know, to sixty six right now. Yep,
8:50
Speaker 3: that's a seven hundred that's a seven hundred percent increase.
8:53
Speaker 3: It's one of these things right where you Yeah, how
8:59
Speaker 3: do you know when it's a good time to buy it?
9:02
Speaker 2: Listen to market mothers.
9:04
Speaker 4: Yeah, for sure, that's important. Cut.
9:06
Speaker 3: Hold, if you would have if you would have brought
9:09
Speaker 3: coin based, then let mean to stop.
9:12
Speaker 1: Alone, yeah, let alone option or like that had been yeah,
9:16
Speaker 1: well yeah yeah out of here.
9:18
Speaker 5: And for those in the common saying that I didn't
9:20
Speaker 5: like coin based, I called in video, am D Bitcoin
9:23
Speaker 5: at twenty eight thousand, Bitcoin at twenty come on, now,
9:27
Speaker 5: let's not do this something a good space.
9:28
Speaker 3: I love y'all, but well, speaking about bitcoin, it's at
9:31
Speaker 3: seventy two thousand now, so yeah, we have to talk
9:37
Speaker 3: about bitcoin again, and talking about it last week. I
9:40
Speaker 3: love it bigcoin. Keep buying bitcoin dollar cost average.
9:49
Speaker 5: Same rules and video. If you believe in it still
9:53
Speaker 5: I don't care what it is, don't buy the high.
9:55
Speaker 5: Do not buy the high because if not in too much,
9:57
Speaker 5: you're going to cry.
10:01
Speaker 4: You gotta wait for a pull for the crypto always
10:03
Speaker 4: pulls back.
10:06
Speaker 2: Violent ten or fifteen years. It's violently.
10:10
Speaker 5: Yeah, so it I guess maybe to five or fifty
10:12
Speaker 5: nine thousand or sixty five thousand. If it's your first time,
10:16
Speaker 5: you can look there. But a pullback is going to happen,
10:19
Speaker 5: for sure.
10:20
Speaker 3: The pullbacks probably won't be as violent as it gets
10:22
Speaker 3: bigger and bigger because more institutions own it and there's
10:26
Speaker 3: just more volume, So like it won't probably drop seventy
10:30
Speaker 3: five percent like it used to. But crypto historically, if
10:34
Speaker 3: you follow crypto, you know one thing is for certain.
10:38
Speaker 4: It always has pullbacks, drastic pullbacks. Yep, it has pullbacks.
10:44
Speaker 4: This has happened since the beginning of it. It's one
10:47
Speaker 4: of these things.
10:47
Speaker 3: It's like a hurricane hitting you know a region that
10:51
Speaker 3: always gets hit by hurricanes. It's not a matter of win.
10:54
Speaker 3: It's a matter of it's not a matter of if.
10:55
Speaker 3: It's a matter of win. So I know a lot
10:59
Speaker 3: of people are in patient and you're going to kill
11:02
Speaker 3: being the patient. Yeah, you have to wait for a pullback,
11:06
Speaker 3: especially if you're going to do a lump sum buying.
11:08
Speaker 3: If you're doing dollar cost averaging, then that's different. But
11:11
Speaker 3: for allumps some buying, you have to wait for a pullback.
11:14
Speaker 3: But like I said, the good the good thing is
11:16
Speaker 3: that if history is any indicator of the future, and
11:21
Speaker 3: we will have a pullback a pretty size.
11:24
Speaker 1: Of do we think it happens before the having event?
11:27
Speaker 1: So the having event is scheduled for April twentieth, they're
11:32
Speaker 1: trying to track the chain to see exactly when it
11:35
Speaker 1: happens till April twentieth of twenty twenty four, that's this year,
11:38
Speaker 1: forty three days away. Do you think it runs up
11:41
Speaker 1: until the having and then we see the pullback?
11:44
Speaker 2: What are your thoughts?
11:45
Speaker 5: Yeah, yeah, I think so, because I'm looking at the
11:48
Speaker 5: data now, the average monthly pullback a bitcoin is like
11:50
Speaker 5: twenty eight percent.
11:51
Speaker 2: I think gonna run up until then.
11:52
Speaker 5: Then they'll have a pullback, and then of course more
11:55
Speaker 5: excitement would be into it, more people start to buy in,
11:57
Speaker 5: So there's always going to be a step pullback, but
12:00
Speaker 5: I think it'll run up until for sure the have
12:02
Speaker 5: an event.
12:03
Speaker 2: Yeah, and then that'll start again.
12:04
Speaker 1: In the four year cycle of bigcoin, which we've talked
12:06
Speaker 1: about plenty of times.
12:07
Speaker 2: This is year four, which we said is if we
12:09
Speaker 2: look at.
12:10
Speaker 1: The four year cycles of the bigcoins this inception, that
12:12
Speaker 1: fourth year is usually the most prominis when it turns
12:15
Speaker 1: of how far it climbs, and so within that now,
12:17
Speaker 1: obviously we've hit all time high. It's it's pretty accurate, right,
12:20
Speaker 1: It's hit this all time hide in the fourth year
12:22
Speaker 1: of the cycle, and there will start another one.
12:24
Speaker 5: So yeah, And for everyone who says we haven't talked
12:27
Speaker 5: about crypto before a bitcoin, I don't know what rock
12:30
Speaker 5: you just climb from under. But it's not true. I
12:34
Speaker 5: love you, I appreciate you. Invest in the market. Then
12:36
Speaker 5: you won't have to make crazy comments on Twitter and
12:39
Speaker 5: the review videos that pay you forty three dollars text me,
12:42
Speaker 5: I'll give you the fifty bucks.
12:46
Speaker 2: So it is crazy, oh the two dollars CPM play.
12:49
Speaker 3: So man, we talk about bigcoin a lot, but what's
12:52
Speaker 3: some all coins? What's five all coins that people can
12:56
Speaker 3: invest in? All coins are alternative coin pretty much any
12:59
Speaker 3: crypto current see.
13:00
Speaker 2: Not not big not named bigco.
13:02
Speaker 3: So what what is some other alternative cryptocurrencies that people
13:06
Speaker 3: can put on their watch list?
13:08
Speaker 5: This first time, I want to turn it back to
13:10
Speaker 5: the audience and say, for my crypto experts and the audience,
13:12
Speaker 5: what do you think are five I don't know, I'm
13:15
Speaker 5: not an coin expert, but let me see what baby
13:18
Speaker 5: dogs doing.
13:19
Speaker 2: Let me see. I think we start with Ethereum, right,
13:22
Speaker 2: like number one.
13:23
Speaker 1: If if we're is ethereum and all, well it's anything
13:27
Speaker 1: not bigcoin, right, And so if we have to start
13:30
Speaker 1: with number one on the list, we can go Ethereum,
13:32
Speaker 1: and then we can talk about the rest, right, because
13:34
Speaker 1: it's been number two with for however long it has.
13:39
Speaker 1: Most of the coins are built off of this network,
13:42
Speaker 1: but you do have a few others that are trying
13:44
Speaker 1: to combat it.
13:45
Speaker 2: And I'll give a couple after you do. But Solona
13:47
Speaker 2: and XRP of course, Alanta exactly, yeah, exact, yeah, so
13:50
Speaker 2: we got eight.
13:51
Speaker 1: XRP would probably be in that list as well, Solana
13:54
Speaker 1: and even I don't know, we'll see, but finance coin,
13:58
Speaker 1: I mean, these are in the top four. They in
14:00
Speaker 1: there for the past five years and from the standpoint
14:03
Speaker 1: of why we said coin base is important would be
14:05
Speaker 1: equally the reason why binance coin is in point because
14:08
Speaker 1: Finance is the number one global platform that trades cryptocurrency,
14:12
Speaker 1: including Bitcoin and all these other on points, and it's
14:15
Speaker 1: transaction fees that come with trading. So if they have
14:18
Speaker 1: the platform and their number one, I mean, it's kind
14:22
Speaker 1: of a win win business for them.
14:23
Speaker 2: So I would push them in there, and then.
14:25
Speaker 1: I will that's like three, I'll throw two Solana you said,
14:29
Speaker 1: which would be four, and I'll throw like maybe two
14:31
Speaker 1: wild cards. And I've talked about them before, but Avalanche
14:36
Speaker 1: and Polygon got to be madic.
14:39
Speaker 2: I'll throw those two in there.
14:40
Speaker 1: From a market cap standpoint and from a functionality standpoint,
14:44
Speaker 1: Avalanche is kind of like I wouldn't call it a arrival,
14:46
Speaker 1: but they're trying to combat like sometimes we talk about
14:48
Speaker 1: when you go out too far, people can actually see
14:51
Speaker 1: the functionality and say how do we improve That's what
14:53
Speaker 1: Avalanche is kind of done with Ethereum. And then Polygon
14:56
Speaker 1: is another one again built on eat their this platform,
15:01
Speaker 1: but it handles scalability and payments, and so I think
15:05
Speaker 1: those that would be a nice basket of all coins
15:08
Speaker 1: and I mean those are still up there, so I'll
15:11
Speaker 1: let you put.
15:12
Speaker 2: That on poker dot.
15:13
Speaker 5: Yeah, poker dot, I poke yeah, shout out JP Morgan.
15:18
Speaker 2: Coin cooking. They got some other ones that are cooking too. Uh.
15:23
Speaker 2: When you talk about.
15:24
Speaker 1: Just but that's that's that's the crypt the main mania.
15:30
Speaker 1: It's like you see a coin go up a thousand percent, right,
15:33
Speaker 1: it's less than two cents, and you're like, oh, I
15:36
Speaker 1: can put one hundred dollars in that and hopefully it'll grow.
15:39
Speaker 2: Sometimes that doesn't work, right, we we're just that's just gambling.
15:42
Speaker 1: Like you have no idea, even when you read a
15:45
Speaker 1: white paper, you have no idea. You just like, let's
15:48
Speaker 1: just throw this money away if we can, and hopefully
15:50
Speaker 1: it makes money. We'll see shout out to the sheep
15:54
Speaker 1: a coin enthusiasts. Shot yeah, people, I mean people made money.
16:00
Speaker 1: We can knocket people made money off I'm not mad
16:02
Speaker 1: at that people made money off of does.
16:07
Speaker 3: So let me ask you this. One of the frequently
16:10
Speaker 3: asked questions amongst people is when to sell an investment.
16:15
Speaker 3: This is something that we just talked about Mark Zuckerberg
16:17
Speaker 3: and all these guys selling their stocks. So we talk
16:20
Speaker 3: about buying and holding, but at some point you have
16:24
Speaker 3: to sell at some point, whether it's you sell a home,
16:28
Speaker 3: you sell bitcoin, you sell Apple stock, unless you just
16:33
Speaker 3: pass it down to generations and then generations in.
16:36
Speaker 4: Generations, which will be ideal. Yeah, but all right.
16:39
Speaker 3: The number one question that people have all the time
16:42
Speaker 3: is we talk about when to buy, looking to pullbacks
16:47
Speaker 3: dollar cost average, don't buy all time highs.
16:51
Speaker 2: Yeah, twenty fifty drop, but when.
16:55
Speaker 4: Do you sell?
16:58
Speaker 2: My role of thumb is five or ten years.
17:00
Speaker 5: If you want to do time based exits, if you
17:02
Speaker 5: want to do percentage based, once you get to five
17:05
Speaker 5: hundred percent, you can look to take a profit at
17:08
Speaker 5: that point, or if you've gotten to fifteen hundred percent,
17:11
Speaker 5: like most technology most technology stocks over ten year period
17:15
Speaker 5: have a potential to hit fifteen hundred percent.
17:17
Speaker 2: You have some that are not there.
17:19
Speaker 5: It will be my same rule of thumb for crypto
17:21
Speaker 5: five hundred percent, fifteen hundred percent or a five or
17:24
Speaker 5: ten year period.
17:25
Speaker 2: That's the easiest way to know, like when to sell
17:27
Speaker 2: or liquid eight.
17:27
Speaker 5: For those who like I don't want to hold that long,
17:31
Speaker 5: I don't know what to tell you, Like even this
17:33
Speaker 5: four year.
17:33
Speaker 2: Run and bitcoin has been incredible.
17:35
Speaker 5: If you held in video for four or five years,
17:38
Speaker 5: the return like going back to that four year cycle
17:40
Speaker 5: with the have an event, Like most great investors are
17:43
Speaker 5: looking to hold for seven years anyway, So whole five years,
17:47
Speaker 5: five hundred percent, fifteen hundred percent, that's when you should exit.
17:51
Speaker 2: Yeah, I'm with you on that.
17:54
Speaker 1: For stocks, again, that's like a pass down thing, so
17:57
Speaker 1: that that's why we want to accumulate them, right, so
18:00
Speaker 1: we create studio accounts to pass them down. But in options,
18:04
Speaker 1: it's always percentage for me, especially on the positive side. Yeah, yeah, once,
18:08
Speaker 1: I once if it's anywhere between fifty to one hundred,
18:11
Speaker 1: depending on what position. I mean, I always like to
18:13
Speaker 1: I say that all the time, like know where you're
18:15
Speaker 1: going to exit.
18:16
Speaker 2: Before you enter.
18:16
Speaker 1: So most times I'm looking for one hundred percent return,
18:19
Speaker 1: But sometimes I've sent that to to my brother G.
18:22
Speaker 1: I'm like, yeah, I think this's gonna be a forty
18:23
Speaker 1: percent return right here, And sometimes it is easy. So
18:26
Speaker 1: if I get to one hundred, I take my initial
18:28
Speaker 1: investment out and then we'll let the rest go on
18:31
Speaker 1: the downside. And this is when you've got to be
18:33
Speaker 1: super disciplined. It's like if you see uh an investment
18:36
Speaker 1: that is starting to go opposite and go red thrushoot,
18:45
Speaker 1: and it's like, all right, well let's revisit it. It
18:47
Speaker 1: doesn't mean that the contract was bad or the company
18:51
Speaker 1: was bad, but the timing of when you got it
18:53
Speaker 1: might have been a little bit of So I definitely
18:55
Speaker 1: in options, I'm doing percentage. But stocks, yeah, I'm I'm
18:59
Speaker 1: long term. I'm five to however long I need to
19:01
Speaker 1: hold the stocks, I'm gonna hold them. Yeah, Because I
19:03
Speaker 1: don't treat it like it's just yeah, same futures, right,
19:05
Speaker 1: it's the same same principle, I don't. I think people
19:08
Speaker 1: treat their brokerage account like their checking account, and that's
19:11
Speaker 1: like a very it's a dangerous habits. It's a dangerous
19:15
Speaker 1: habit to get into, and it's a bad habit to
19:17
Speaker 1: get into. So if you see money coming into the
19:19
Speaker 1: brokens account and you're making money on a daily or
19:22
Speaker 1: weekly or monthly basis, it's like, all right, well that
19:25
Speaker 1: money now I should just keep transferring it.
19:27
Speaker 2: Well, you've made the money, it's your brokerage account.
19:30
Speaker 1: Maybe you should figure out another way to reinvest it
19:34
Speaker 1: in another proposition or position, not proposition for another position.
19:38
Speaker 2: Just my rule of dumb, but I see a lot
19:41
Speaker 2: of people doing that.
19:41
Speaker 1: They treat the brokerage account like the checking or savings account,
19:45
Speaker 1: and now they give you a debit card too, So
19:47
Speaker 1: like even some brokerages, you can get a debit card
19:50
Speaker 1: that's attached to your wage and you can use that,
19:52
Speaker 1: which again kind of the mistake, yeah, kind of of investing.
19:58
Speaker 4: So I think you also, so, well, here's a day
20:03
Speaker 4: to play the other side of the fence here.
20:07
Speaker 3: Most people probably not gonna get five hundred percent rate
20:10
Speaker 3: of return on the investment.
20:12
Speaker 2: If they listen to us, they will for sure.
20:14
Speaker 3: Well, just on average, the stock market usually increases lower
20:19
Speaker 3: than that, right unless you hit a good stock. But
20:21
Speaker 3: then investing in individual stocks is extremely risky. So I
20:27
Speaker 3: think you get out when the when the boat starts
20:29
Speaker 3: to sink, and that always doesn't correlate the time when
20:33
Speaker 3: you start to see the ship going down. You have
20:36
Speaker 3: to get out because you can ride. You can ride
20:41
Speaker 3: something all the way down to the basement. And I
20:43
Speaker 3: feel like that's the danger with individual stocks. That's why
20:47
Speaker 3: ETFs and index funds are safer investment than an individual stock.
20:51
Speaker 4: Very rarely well, an ETF that is a good ETF
20:55
Speaker 4: or a good index just spiral out of control and
21:00
Speaker 4: never ever and never come back. Because they have the
21:02
Speaker 4: they have the they have the power to reposition their portfolio.
21:06
Speaker 4: So it's like QQQ right, Like they have all these
21:08
Speaker 4: top technology companies. But let's say that all these top
21:12
Speaker 4: technology companies fall and now the new crop of technology
21:15
Speaker 4: companies are open AI neural link. When they when they.
21:18
Speaker 3: Debut SpaceX, all the five new top companies in the
21:23
Speaker 3: next fifteen years, they can change their portfolio and now
21:26
Speaker 3: they'll include those companies as opposed to Apple, Microsoft, and Google,
21:29
Speaker 3: who might have been the leaders for the last ten years.
21:31
Speaker 3: But when you're in when you're in with one company,
21:34
Speaker 3: let's say Apple, and you know it's had a historic run,
21:38
Speaker 3: and it goes up, and it goes up, and it
21:40
Speaker 3: goes up. But let's say hypothetically, I'm not saying that
21:42
Speaker 3: this will happen, but hypothetically, they just start missing. They
21:45
Speaker 3: start missing on everything, they start falling apart. Da if
21:48
Speaker 3: your if your theory is just to hold it for
21:51
Speaker 3: a long period of time, that's not going to work
21:55
Speaker 3: if the company is falling apart in front of your eyes.
21:58
Speaker 3: So you have to be a lot more hands on
22:00
Speaker 3: when you're dealing with individual stocks.
22:04
Speaker 1: Yeah, well, but I mean I hear what you're saying,
22:07
Speaker 1: which is true, But it depends on on the entry
22:10
Speaker 1: of when you got into the position, right, So like
22:13
Speaker 1: an Apple is somebody invested in that, and I don't know,
22:16
Speaker 1: let's say the two thousand and seven how many times
22:20
Speaker 1: has it split?
22:21
Speaker 2: Right?
22:22
Speaker 1: So, like even a pullback of twenty percent, Yes, that's drastic,
22:26
Speaker 1: but you've appreciated by over one thousand percent.
22:29
Speaker 4: Well that's why it's not. It's not except formula. It's
22:32
Speaker 4: an eye test. You know.
22:34
Speaker 3: If IBM is it's going down, got to know sometimes
22:40
Speaker 3: like this is falling apart, it's over. Sure, this is
22:43
Speaker 3: a short term pullback. It's a opportunity for me to
22:46
Speaker 3: buy more. Yeah, yes, or sectors changed. You might have
22:51
Speaker 3: been invested in the airline industry was booming and airlines
22:54
Speaker 3: is its not.
22:55
Speaker 4: It's not the same.
22:56
Speaker 2: We'll fall off here in Houston and crush your car. Yeah, yeah,
23:00
Speaker 2: the door fall off a plane.
23:01
Speaker 4: Everything doesn't stay. Everything. All sectors change over the course
23:05
Speaker 4: of time.
23:05
Speaker 3: As far as what what everybody now is on AI
23:08
Speaker 3: and chips, that's what everybody's on right now. Ten years
23:12
Speaker 3: from now, who knows it might be something else. So
23:15
Speaker 3: that's important to keep in mind too. Is like you know,
23:17
Speaker 3: you gotta you gotta be It's like a gardener, you
23:22
Speaker 3: gotta you gotta really pay attention to the crop.
23:26
Speaker 4: And there's no set formula. That's what I think. I
23:29
Speaker 4: don't think there's really a set formula.
23:31
Speaker 2: If I can offer some pushback to cut it, twenty
23:34
Speaker 2: and twenty is a set formula that keep you safe. Yeah,
23:37
Speaker 2: but percentage wise, that's your stop.
23:39
Speaker 3: It's like, all right, during COVID, right every stock went
23:42
Speaker 3: down twenty thirty, you would have sold your whole portfolio.
23:45
Speaker 2: And then got back in when I told them to you,
23:47
Speaker 2: you would have made you would have stopped that your
23:49
Speaker 2: losses and then and got back in.
23:51
Speaker 3: The problem is the problem with that it's hard to
23:55
Speaker 3: buy at the bottoms. There's a reason why most people
23:58
Speaker 3: buy at the tops and not the bottoms because the
24:00
Speaker 3: averaging is a lack of discipline. Yeah, that and just confidence,
24:06
Speaker 3: a variety of different things. When something drops, you you
24:08
Speaker 3: think it's going to you don't know when it's going
24:09
Speaker 3: to stop. You think it's going to keep dropping. That's
24:12
Speaker 3: why most people buying highs and not a low. If
24:14
Speaker 3: that was the case that everybody was that intelligent, every
24:17
Speaker 3: single person will buy a stock market lows.
24:19
Speaker 1: But that's why we're creating intelligent investors, right, So if
24:22
Speaker 1: they have to stop loss at twenty percent, that stock
24:24
Speaker 1: comes down twenty percent, it gets cut off the profits
24:27
Speaker 1: or whatever it is there if they're watching it. Like
24:30
Speaker 1: you said, being diligent is important. So you can actually
24:32
Speaker 1: have to be intensioned again. You can watch that trend
24:34
Speaker 1: going up, right, you're not buying that the high.
24:36
Speaker 2: You're buying it. On that climb back up.
24:38
Speaker 1: It might hit the twenty percent where you sold that
24:40
Speaker 1: and say, all right, well we're trending again in an
24:43
Speaker 1: appreciation man, So now I can reinvest. In fact, I
24:46
Speaker 1: might have even more capital than I did before.
24:48
Speaker 2: Too not reinvest.
24:49
Speaker 1: And so the diligent part is important, but the stop
24:52
Speaker 1: loss is important too, I think.
24:53
Speaker 2: But there's also a thing we got to make sure
24:55
Speaker 2: that we encourage us.
24:56
Speaker 3: There's also a strategy of a dollar cost averaging on
24:59
Speaker 3: the downside. That's that's so, but instead of selling, you
25:02
Speaker 3: could actually be buying with more, which which actually lowers
25:05
Speaker 3: depending on what you do where you purchase. That's actually
25:08
Speaker 3: beneficial for your portfolio because it lowers your your buying price.
25:14
Speaker 1: With the diligence, I think that's the most important, right
25:16
Speaker 1: because people say I bought the dip, then I bought
25:18
Speaker 1: the dip, and then it dipped again, and it dipped,
25:20
Speaker 1: and it did and it did.
25:22
Speaker 2: That's what.
25:22
Speaker 1: You got to be super diligent when it comes to that,
25:26
Speaker 1: and then it dips again.
25:28
Speaker 2: Yeah, two hundred day moving average.
25:30
Speaker 5: We talked to seventy two moving like, go back and
25:32
Speaker 5: watch every episode.
25:35
Speaker 2: The blueprint is there.
25:36
Speaker 5: And also if everyone on earth is talking about it,
25:38
Speaker 5: it's too late, Like when I called them video on
25:40
Speaker 5: the show, like winning video. A few years no one
25:44
Speaker 5: thought there would be this, darling. Like some things you
25:46
Speaker 5: like eye test, you have to actually see, Like when
25:48
Speaker 5: I had my computer built, I told the story before.
25:51
Speaker 5: Like when I would be in a trading room, I
25:52
Speaker 5: would see the move happened two seconds before everyone else
25:54
Speaker 5: because of the en video chip. Like then, like you said,
25:58
Speaker 5: things are run up. Now it's hot, it's too late
26:00
Speaker 5: to get in. You gotta buy a low and sell high.
26:03
Speaker 5: If not, you are choosing to go broke. I deserve
26:07
Speaker 5: to be rich, I deserve to be happy. I deserve
26:09
Speaker 5: to be wealthy. I deserve to be free. You have
26:11
Speaker 5: to believe that, and.
26:12
Speaker 2: I just get it. Yep.
26:15
Speaker 3: So all right, staying within the bigcoin thing, for one
26:18
Speaker 3: last thing, what price would you advise people to get
26:20
Speaker 3: in ibit?
26:23
Speaker 2: Oh, great question. Let me look at this. I love it.
26:31
Speaker 5: If it gets back down at twenty five eighty three,
26:35
Speaker 5: going back to being patient, it debuted at twenty seven
26:39
Speaker 5: ninety four. It's on the hell of a run. It's
26:42
Speaker 5: at forty one forty six right now. You cannot buy
26:45
Speaker 5: ten to fifteen percent from the high. So that's why
26:48
Speaker 5: I like it. If I'm going to be greedy, I'll
26:50
Speaker 5: wait till the yearly open of twenty seven ninety four
26:52
Speaker 5: and by there. So those are the two prices that
26:55
Speaker 5: I like. So it may run away, but at some
26:56
Speaker 5: point we'll have a pullback. You may have to wait
26:58
Speaker 5: to have to happen, and you'll be good.
27:00
Speaker 4: And that's the big coin.
27:02
Speaker 2: It's the ETF ETF. It's a ETF.
27:04
Speaker 1: Yeah, we gave it, and I gave you the other one.
27:06
Speaker 1: Uh bit b b I t B similar. You could
27:10
Speaker 1: look at the charge, look at the sension another bitcoin ETF.
27:12
Speaker 3: What's the benefit for I already know, it's gonna be
27:15
Speaker 3: pushed back to say, if you don't own the coins,
27:17
Speaker 3: you don't own crypto. It's not you don't really, you're not.
27:21
Speaker 3: You're not owning bigcoin if you invest in the ETF.
27:25
Speaker 3: But the ETF is also regulated, so you have protection
27:29
Speaker 3: in place as opposed to own Yeah, So what would
27:32
Speaker 3: be the advantages or disadvantage as far as owning crypto
27:38
Speaker 3: bitcoin in the ETF as opposed to the regular way.
27:42
Speaker 5: Number one thing is priced because most people don't have
27:44
Speaker 5: seventy three thousand dollars for one coin.
27:46
Speaker 3: But you can also you can buy fractional shares with
27:48
Speaker 3: bigcoin though, So that's the bestru with crypto is that
27:51
Speaker 3: you could just you can put one hundred dollars in
27:52
Speaker 3: the big coin and own zero zero point one whatever
27:55
Speaker 3: that equals.
27:56
Speaker 2: Yeah.
27:57
Speaker 1: Yeah, but when the other part is that when you're
28:00
Speaker 1: buying it, especially and we know because we've purchased bigcoling before,
28:05
Speaker 1: the regulation that comes with that. I mean, it's it
28:07
Speaker 1: could be the wild wild West, right if I use
28:09
Speaker 1: buying ins it can get tricky.
28:11
Speaker 3: Well, that's the number one Thing's the safety secure? Like
28:13
Speaker 3: to me, that's the biggest thing. You don't it's regulated,
28:16
Speaker 3: stock market is regulated. You're not going to get robbed
28:19
Speaker 3: for your for your money. That would be the biggest
28:23
Speaker 3: thing as far as a security standpoint that that would be.
28:26
Speaker 3: And it's what an institution it is not just you know,
28:29
Speaker 3: I would think that that would be the number one
28:31
Speaker 3: and they're probably the only advantage.
28:33
Speaker 2: That's what I was saying, if you asked the question
28:35
Speaker 2: of safety.
28:36
Speaker 1: Safety first, Yeah, I mean, we've seen too many instances,
28:40
Speaker 1: even like in the early days when we were trying
28:42
Speaker 1: to figure this out, getting a USB and remember your catchphrase,
28:46
Speaker 1: and if you don't have every set all seventeen words,
28:49
Speaker 1: you can't get into your wallet. And should I keep
28:51
Speaker 1: it on or should I have a cold wallet? I mean,
28:54
Speaker 1: it's just a lot for the average person that has
28:57
Speaker 1: no idea. It's just too much of a barrier to
28:59
Speaker 1: get it to So pay it safe. You know how
29:02
Speaker 1: to buy an ETA. It's very very simple. Security a
29:07
Speaker 1: safety first.
29:08
Speaker 6: An illegal alien from Guatemala charged with raping a child
29:11
Speaker 6: in Massachusetts. An MS thirteen gang member from Al Salvador
29:15
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Speaker 6: filming and selling child pornography in Michigan. These are just
29:24
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29:27
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29:31
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Speaker 6: one hundred thousand illegal aliens have been arrested. If you
29:43
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Speaker 6: one thousand dollars a day, imprisoned, and deported. You will
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29:58
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30:06
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