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Meet Rob of Digital Asset News!
9 Plays1 year ago
Let’s get to know Rob of Digital Asset News this week on Behind the PFP!
Rob is a rockstar content creator who specializes in breaking down web3 news into bitesize pieces that even a crypto newbie can understand. He’s also one-third of the hottest new crypto podcast in town, “Not Financial Advice” co-hosted with Guy of Coin Bureau and Ben Cowen of Into the Cryptoverse.
This episode we get to know the more personal side of Digital Asset News. Rob shares his five golden rules for investing, why he no longer "diamond hands" and his biggest lessons learned from the CEX fallout earlier this year.
As a fellow Celsius creditor, I recognize how difficult it is to speak of these painful lessons. I really appreciate Rob’s vulnerability and want to thank him for sharing his story so that we can all learn from his experience.
It’s a great conversation and I hope you enjoy getting to know Rob as much as I did!
xx Jade
P.S. Think you'd be a great guest for Behind the PFP? Contact me at the links below!
Follow Rob/Digital Asset News!
YouTube: https://www.youtube.com/@DigitalAsset...
Twitter: https://twitter.com/NewsAsset
Website: https://danteachescrypto.com/
Follow Jade!
Twitter: https://twitter.com/cryptoismyjam
Medium: https://medium.com/@cryptoismyjam
And More: https://linktr.ee/cryptoismyjam
🚨 DISCLAIMER 🚨
This show is for entertainment purposes only. This is not financial advice. Please consult a professional before making any decisions.
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Transcript
Introduction to Rob and Transition to Crypto
00:00:12
Speaker
Welcome back to another episode of Behind the PFP. Today, I have a very special guest. He is an investor, a creator, and one-third of the star-studded new podcast, not financial advice. Rob, thank you so much for joining me today. Yeah, Jay. Thanks for having me. Fun times.
00:00:33
Speaker
Now, I wanted to talk a little bit about your background for those that don't know you. You have an interesting story. You had some experience in the military and then you got into healthcare and e-commerce. Can you walk me through a little bit about your experience, kind of leading up to when you got into crypto?
00:00:50
Speaker
Yeah. So, you know, first of all, I'm old, so I've been around a block for quite some time, but it all started, you know, high school and college and college wasn't really doing things well for me, I will say. So I decided to listen to the military. So in the military and became a combat medic.
00:01:07
Speaker
run around, try to save people, all that great stuff, right? And then so that was for an eight year stint. And then throughout that time, they said, one of the one of my upper superiors said, who wants to get out of the field? I said, I want to get out of the field as fast as possible. I hate this. Okay, we'll go cross train up in the hospital.
From Military to Healthcare and E-commerce
00:01:25
Speaker
So then they I went from to be a 91 Bravo, which is again, this is back in like the 90s.
00:01:30
Speaker
became what was called the 91 Charlie, which is an LVN or a nurse. And after I got out, I became an RN or registered nurse. And I did a lot of things with home health care and then management. And I went into medical device instruction or sales through this company called KCI. And then also along the way, I also did pharmaceutical research in a place called MDS. So a little bit into the medical field, and that was like 10 or 15 years. But along that way,
00:02:00
Speaker
kind of figured out that if I trade my time for money, we'll never get ahead. So I started to dabble into online sales on my education. So I did a website called, it was Rob's Review. And I would help nursing students pass their clinical exams. So how you do a neurological exam, respiratory assessment, things like that. And this was back in the day when like,
00:02:23
Speaker
It wasn't as easy as this, just to do a video. You could do a video, but I wouldn't sell it on... It wasn't like a download. It was DVDs. So it's all these nursing students. And that was my first foray into an online education or another business. And then from there, it's kind of rolled off into other things, which would be real estate, sports facility, Amazon business. And then
00:02:48
Speaker
Finally, into the big crypto and digital assets investments to where we're at right now. I like to do all those things to diversify and spread my experience and wealth around just to get into the basics.
Retirement and Finding Purpose
00:03:03
Speaker
Thank you for sharing with me. You wrote a blog on your website about retiring and how it may not be all it's cracked up to be. I want to read a quote that you wrote. You said,
00:03:17
Speaker
You know, what do you do with your life when money is not an issue and you don't have to be a slave to the nine to five or get caught up in the rat race? It seems like you started to figure that out from what you were just saying or someone like me. I feel very much stuck in the aforementioned rat race. You know, it's a question that
00:03:35
Speaker
I'm asking myself a lot. So I know that you go on to talk about the three P's, pleasure, passion, and purpose, and how it kind of led into this next chapter of your life and your YouTube channel. So I was wondering if you could talk to us about your short stint at retirement and how it got you to the next chapter.
00:03:55
Speaker
retirement sucks. I mean, people talk about it like, oh, it's going to be awesome because then I can just lounge around and I can go play golf and hang out with my friends at this point. But once you get into it, and I had a couple of friends who were firefighters and they would talk about the five-year firefighter, which there was some correlation between
00:04:21
Speaker
from when a person retires as a firefighter with all their, their, their, their camaraderie, the people that hang around the purpose of serving the public and then retiring and doing nothing to when they just expire, essentially what it comes down to. And when I first got into it, I was, this was when I had actually was an odd time with my life. I would, I had separated from my wife. I was living in Las Vegas and I had figured out,
00:04:46
Speaker
how to, again, this was that online education website, how to not work for anybody else and just not really need money per se, which is going to be an automatic stream of revenue. So now when you don't have to go to work, I'm ever going into it. I was an intake coordinator for a home health company. I would go and assess different patients, see if they were suitable for go-to-home health.
00:05:13
Speaker
And I came in, I go, you know what? I don't need to work, guys. I'm just going to put my two weeks in. That's it. Like, are you sure? Like, oh, yeah, that's it. And I'm going to live the life. So imagine this. You're in your 30s and you are in Las Vegas and you don't have to worry too much or not much at all as far as money and revenue. What would you do? What would you do? Well, you do a lot of stupid things or a lot of fun things.
00:05:41
Speaker
But in the end, as time goes on, and we talked this off camera, we talked about the Zappos book from Tony Hsieh, Tony Hsieh, I always get his name wrong. And he talked about the same thing. It was just a chart. On the bottom left hand side, it was pleasure.
00:06:01
Speaker
Then in the middle, it was the passion. Then on the upper right, it was purpose. At first, you start down this little rock star type of thing and you just have your dopamine rush and do what you want to do and have a great time. But it only will fulfill you for so long. Anybody who's retired or has lived that lifestyle will tell you it's only great for so long before you're like,
00:06:25
Speaker
What am I doing here? What is my purpose? What should I be doing? Because I can't just lounge around all day and then wake up and do whatever I want to do and have this fun because it will never lead me to anything great. So you say, okay, well, I'm going to have a little bit of passion for something. And then you get into some type of another business deal.
00:06:42
Speaker
another ability to buy another condo or something. I don't know. And then before you know it, you're like, okay, that's good. But then you've got to figure out, well, that's just going to make more money. And that's just, that's compounding the issue. And I have to find my purpose. What is it that I really want to do out there? I know right now, people probably listen to this, like,
00:07:00
Speaker
this guy. He has no idea what I'm going through. Trust me. When I just got out of the military, I couldn't really do anything because I couldn't work in the field that I was in. I remember working two different jobs. I work at UPS in a grocery store.
00:07:16
Speaker
I worked two jobs to make ends meet because that's just what she had to do. I get it. It sucks. It's tough. Nine to five wasn't nine to five. It was nine to nine because you'd have to work extra shifts and things like that. So I totally get it. But there's going to come a point and it's going to be faster than what you think. It happened to me. I think, Jayden, it's going to happen to you as you go through with your journey through crypto and digital assets. Then you got to figure out, well, what's my passion? And you can look at it in two ways.
00:07:45
Speaker
So for me there's always always two things i think about like purpose of life's type of thing like the big huge. Philosophy and mystery is two ways you can look at like what's the dilemma and he says he break he boils down to like this just to love and be loved that's a pretty good way to do it love and be loved i got that.
00:08:03
Speaker
What about the other part? The other part is from the Stoics. You can take a look at Marcus Aurelius and Epictetus and the ancients, and they would say the purpose of life is to constantly improve and to improve those around you. So if you can do those four things, essentially, that's a pretty good way. But now it's up to you to figure out what that is. And of course, I can't tell you what that is, but everybody has a different purpose.
Educational Ventures in Nursing and Crypto
00:08:25
Speaker
So if you can do those four things, improve people, improve yourself constantly, it's a pretty good way to live your life.
00:08:32
Speaker
How did you figure out that education was it for you? Education as far as life goals or education as far as like educating other people. Educating other people. You started educating the nurses by helping them with their degrees and now you educate people getting into the crypto space. So that seems to be a very positive driving force.
00:08:54
Speaker
in your life. So what kind of led you to find the education? That's a good question. You know, I never thought about that. Why is it like that? But I think it kind of comes down to who, who a person is. Right? Because we all know those people, most of the people, let's be honest.
00:09:11
Speaker
Most of the people out there, there's givers and there's takers. And I think we all know this. And for the majority of people, I mean, it seems like they're more givers and there are takers. And then there's just different people on that spectrum. So for me, I know when I was growing up, my mom would always say the same thing. Who'd you help today?
00:09:34
Speaker
what have you done good today and that's one of those things and then as you grow up like when i went in the military you take this this test called an asvap test and you can just see how you know reasonably intelligent you are like and of course i tell you like well you're not
00:09:50
Speaker
know, brain dead. So, you know, what would you like? What would you like to do? And they gave me this list of different occupations or MOSs that I could do. I was like, Oh, a medic, that'd be pretty fun. I like to do that, help people. And then the next thing, nurse, and the next thing, education, and the next thing. So I think for me, it's always kind of been that way to help to educate people. And talking about that,
00:10:15
Speaker
We educate and we try to do our best thing along that continuum of life, but we do get it wrong sometimes. I know we've gone through a pretty crappy path with what you say for our recent investments, like a Celsius and a Voyager. Those are two things that I can't give back. Those are two mistakes that I made for me and my investment strategy and what I did.
00:10:41
Speaker
And then unfortunately, like I would tell people it's not financial advice, but I would talk about these things. And it wasn't, I don't think I put enough weight on it that it was a very, it was more risk than what it was. We didn't think it was that risky, even though it really was. So even though we try to educate, we still get some things wrong and we're still fallible, but we try to do the best thing that we can do along the way.
00:11:05
Speaker
this education aspect, what specifically led you to doing crypto education and a crypto YouTube podcast? So it's because I got... Well, first of all, I've said this story many times. My friends and family got sick of me talking about it. So that was the first thing. And the second thing was, again, I was getting into that stagnation period because
00:11:29
Speaker
The website was doing fine. I was doing Amazon FBA and that's pretty simple, quite honestly. And then the sports facility, someone else runs it. And then for the real estate, we have real estate managers that do it. So I was kind of like, I didn't really have a ton of time to
00:11:46
Speaker
I had a lot of time to do things. So I was like, well, maybe I want to start like a YouTube channel because I was like the YouTube videos that I would watch in 2017 were just awful. It was awful. It was all that stupid O face. And they would just talk about everything's going to go to the moon. And I was just so crazy and just amazing. I remember John McAfee told me Bitcoin was going to go to a million dollars and that never happened for some reason. I don't know why he lied to me. Not yet.
00:12:12
Speaker
Not yet. Exactly. Not yet. John McAfee could still be right. Why did I kind of get into education? First of all, I thought like,
00:12:23
Speaker
Well, I need something good to do this and I talk about it all the time. I will tell people. And the second part was maybe I can do a little bit better job. Maybe I can not be so into sensationalism, just kind of give people the basics and break it down. Again, I'm not the smartest or the sharpest tool in the shed, but one thing I'm decent at is I can kind of break things down into the simple aspects of it to where it's not so complex. I think it was
00:12:48
Speaker
Steve Jobs, who said, no, no, it was Albert Einstein. Everything should be made as simple as possible, but not simpler. And if we can just break these things down, I think it'll help people to do and get into crypto like I want them to and how I got into it and get excited about it, but just have to be simplified as much as possible. So that's why I got an education.
00:13:08
Speaker
Now on your website, you were telling me that you have four or five very simple rules for people that are getting into this space. Can you tell us what people might expect to find if they sign up for your course?
Investing in Crypto: Strategies and Challenges
00:13:23
Speaker
Well, in every video that I do now, underneath where my video screen is, and I do the daily stories about what's going on in the crypto world, there's just these five rules, and they're very simple. And the first one says it's all gone, meaning that you should never invest more than you can afford to lose. If you think to yourself, okay, all this, and I'm going to put in my life savings, I'm going to sell my kids and my kidneys, and I'm putting it all on Luna,
00:13:50
Speaker
Okay, if you do that, just know that... Yeah, exactly. Just know that it's a pretty high risk and it's all gone. If you can think like that, then you're like, maybe I shouldn't do so much. So there's that first thing. The next one is 100% scams. Everything's a scam until proven otherwise. Even if you watch this video right now, if I reach out to you, which I won't, but let's just say that you get an email from me or a message from me or you're on Telegram,
00:14:18
Speaker
And you're like, oh, Rob wants to know my investment goals. And he's got this great deal for me. I should sign up for it. I'm a scam. Everything's a scam and software otherwise. So you have to understand that. Next one is don't use leverage. Don't leave. And of course you can 2x and 10x and 100x, but it's just a hard day. And then the next one is don't or make sure you don't leave anything on exchanges. And I'll give you three reasons for that. It's called Celsius, Voyager and FTX. Don't ever forget.
00:14:48
Speaker
that these things happen. And the last thing is take profits.
00:14:53
Speaker
If I would have listened to myself, this is where I try to learn from my own mistakes. I made an exit strategy along the way from 2019, because I started in 2017. I wrote all the way up and all the way down. And 2018, I go, okay, well, I can cut my losses or I can just start doing this thing called dollar cost averaging and just keep accumulating until the next one. I did that. Then in 2019, I thought to myself, I should probably do an exit strategy because at some point I'm gonna have to sell.
00:15:20
Speaker
So I made an exit strategy. There's a link in the description of all my videos and it was my first one. And as I lattered in, I would also ladder out. I would take some profits along the way. And the problem I did though, was towards the end, we talked about this, I got a little bit too greedy. So now I try to hammer it home of those five rules. And I think
00:15:43
Speaker
You don't have to follow my rules. You can make your own rules, but just these are just the things that I've done and they work for me. And this, of course, is not financial advice. I think everyone should take the best of everyone. That's actually when I was chatting with Ben, you know, that's what he likes to do. And one thing that he said is the biggest struggle for him as a content creator is dealing with
00:16:05
Speaker
online trolls. One thing that he said to me was, people want predictions, but you can never show scams and you get one thing wrong. You can be right about everything, get one thing wrong, and then the pitch works come out. I'm wondering, you do your best. We all do the best that we can, but there's a lot of negativity out there. How do you deal with the online trolls?
00:16:31
Speaker
I think of it in a couple of ways. First of all, Ben's right, there's a lot of trolls and people are angry and with good reason because they're angry because, you know, things didn't go 100% great at all times. I get that. And sometimes I kind of look at it like there was a quote in Meditations by Marcus Aurelius and he said,
00:16:52
Speaker
it is better that these things happen to me than anybody else because I can handle these things. So when I get hate from trolls or people say, Rob, you're wrong on this and you're wrong on that. So I don't ever ban anybody on my site. I will kick you out if you're shilling a straight up scam like, hey, BitConnect2 is going to be awesome. Then of course, you're going to be gone. But
00:17:17
Speaker
the ones that say rob you know didn't you again didn't you shell celsius then she's chill voyager and i say yes you're right i'm like how can you do this and i get very angry about it i say very realistically i'm like look.
00:17:32
Speaker
Voyager and Celsius, like in this specific example, like Voyager and Celsius work until they didn't. When I figured out about Celsius, I put a video out about it, and hours later, they shut off with draws. With Voyager, because it was a publicly traded company, when I figured it out, because they did a 640 million dollar loan at three hours capital, throughout the video, and two weeks later, they shut off. But when people still are angry about something I got wrong about in one of my videos, like just to yesterday, I misquoted, I said,
00:18:02
Speaker
I misquoted, I replaced the word Coindesk with Coinbase. And there was somebody in the comments that said, how stupid are you to do those things? And I was like, while you're right, that should have been a little better. So for me, I always have to think about the people that are behind the trolling because sometimes everybody's fighting a battle. I don't know what it is.
00:18:26
Speaker
So I try to be as realistic as possible and as calm as I possibly can kind of go from there. Remember, Jay, as time goes on, things don't really bother me as much as they used to because I just get old. That's just how it goes. But I still get a little angry sometimes, but it's rare. It's hard not to. I mean, obviously, I'm on a much lower profile, but I've gotten a few negative things and it's hard to let it go and not take things personally.
00:18:55
Speaker
I commend you for having such a positive attitude in those regards, because the platform that you're at, there's so much, and that takes a really strong person. Oh, yeah. Well, that's just it. Like, as you get older, you're just like, ah, I mean, look, if I was doing this channel, I was 20, like 22, 23, I'd probably be fighting with everybody all day long, honestly. But as time goes on, I'm like, ah, you know, I do have a point on that one. So, yeah, off I go.
00:19:23
Speaker
Speaking of YouTube, you are now part of a very fun new weekly podcast called Not Yet Financial Advice with Ben Callan from Into the Cryptoverse and Guy from Coin Bureau. So I'm wondering, how did that come about? And what is it like collaborating with other creators in the space?
00:19:41
Speaker
You know, it's a funny thing. Like, well, I had met guy in the team from coin bureau. One guy had like 50,000 subscribers and I had like 10,000 subscribers and it was because we started on the same time. He just tend to blow up a lot faster than I did. Two points, something million subscribers, but it was.
00:19:58
Speaker
It is the accent. He's a smart guy as well. He's been in crypto for longer than even I have. And I think Ben's been even longer than both of us. And he knows a ton about crypto. And of course, he's got a team behind him. He does great things. But I remember it was because in 2019, 2020, when there was a ban going on with YouTube and crypto, because Google, which owns YouTube in a subsidiary way,
00:20:26
Speaker
they started to get away from crypto ads. Because of that, they were trying to shut down crypto YouTubers. The bigger ones got taken off, but they got put right back on like two weeks later. What I did was, as a small one, I said, hey, I'm going to reach out to these other small YouTube channels and go, how would you guys like to do this?
00:20:47
Speaker
If your channel goes down, we'll be like a consortium, a cabal. And if your channel goes down and the rest of us will support you and talk about your next channel, whatever it is that you just started to start up, and we'll make sure that you try to get to your original subscribers and we'll talk about it every day. It'll be very easy and we just protect each other. So I reached out to many of them.
00:21:12
Speaker
and actually small and medium. And some of these are actually big, big channels now. And there's a reason why I still chat with Guy and Ben. It's because some of the channels just straight up said, either they ignored me or they just straight up said, that's ridiculous. I'll never do that. So the ones that did do it
00:21:36
Speaker
were the ones like Guy and the ones that I associate with now. So I would just leave it at that. And that's what it is. So yeah. That sounds, I mean, to me, that's a no brainer. It's such a good idea. You want to help each other out. And it speaks to someone's character, right?
00:21:52
Speaker
Well, I mean, I can't speak for them, but that's just what it was back then. I was like, maybe, and I think about it again, everybody's dealing with their own battles. So maybe looking at me like, who is this? I sound like a scam. Maybe this, and this guy's only like 10,000 subscribers. Who is this guy? It sounds weird. I'm not going to go for it, but like Guy and Ashoshi and Dave crazy for cryptos and Mike, the investor and some other channels, they were like, yeah, we'll do that. No big deal. And that's why I talked to those guys still.
00:22:22
Speaker
And I love the show, I love the style that you guys are going through because you each have three very different perspectives and you don't always agree, but I respect each of your opinions and it's fun to hear you all talk about a different perspective. I've been following Ben for a very long time, but now I enjoy hearing people challenge him, right? And I'm so enjoying the new show.
00:22:44
Speaker
Yeah, sometimes when we talk, sometimes we all kind of think the same thing on a certain macro level, which is we think that the macro events are going to kind of bring us down, which is what the narrative has been so far. And we talked about that actually after the last show and we said, hey, we know we're all going to agree on the macro effects because that's what we do. But then we talked about like, well,
00:23:09
Speaker
I go, you guys don't agree with me on dollar cost averaging. You guys don't want to start buying. Like, no, we don't. And then I said, and then we talked about it and Ben said, well, do you guys agree that, you know, Bitcoin's, you know, the best investment as opposed to Bitcoin, Ethereum? And me and the guy were like, no, we think that you should do Bitcoin, Ethereum. And he's like, see, we should talk about these things more because these are the things we don't agree with. And we were focused on a little macro event. So leading into it, we're going to start to delve into
00:23:37
Speaker
other aspects and then also play devil's advocate for each different arguments that we have. So it'll be interesting moving forward. I am excited to see how that plays out.
00:23:50
Speaker
Yeah, me too. So we touched on this a little bit already, but I wanted to talk about it a bit more.
Lessons from Crypto Losses and Achievements
00:23:57
Speaker
I really admire that you've been so vocal about your past mistakes and that you've stayed really positive and that you go out of your way to share about them, which is not easy so that people can learn. I have watched some of your stuff. I know that you lost 20,000 ADA because you wrote your key on the back of a piece of paper during the test set phase.
00:24:17
Speaker
You said they lost six figures in Celsius and another five figures in Voyager. True. And then for me, you know, Luna and Celsius was pretty tough. It's been a tough year. One thing that I've been really hard on myself about is I'm an avid DeFi user. I played around with just about every L1. Yeah.
00:24:37
Speaker
have not your keys, not your crypto ingrained in my brain, yet I still got burned by Celsius. And it's been really hard for me to forgive myself in a way. The reason why I still had money on Celsius, similar to your
00:24:53
Speaker
piece of paper experience. I had an issue with private custody where I fell for a scam and I had a wallet drain. So it was my idea of diversification to just always have a little bit of Bitcoin somewhere else just in case. I knew the risks, but that was what I was comfortable with. So for someone else that's been in crypto for a long time who uses DeFi, I'm curious why
00:25:16
Speaker
Why are you still using the centralized platforms? How have you coached with the losses this year and what have you learned the most from this experience? This is what me and my friend Jerry Hall were talking about. Why did we fall victim to this? It's because of complacency. I put it all on myself. Because we came in 2017, me and Jerry, and we knew about the Mt. Gox hack.
00:25:45
Speaker
So we knew that exchanges were not a great place to keep it because of hacks, right? So then there was like a little twist when Celsius and Voyager came along. Then it was like, well, we're not, we're a centralized exchange, but we're not because Voyager
00:26:04
Speaker
They were a broker, so they would use, they would aggregate different exchanges. So you would never lose all of your crypto. And Celsius was like, well, we have this, you know, hodl mode or whatever the heck I am, whatever it was. And of course we have loans and of course we're going to make it there. So it should be okay. And what it really came down to is this. We started to believe that narrative.
00:26:27
Speaker
And I believe the narrative. And then once I got into it and I did it for so long, because remember, Voyager and Celsius worked until they didn't. Voyager did exactly what they said they were going to do. The only thing they screwed up, well, they made a couple of mistakes. But the big thing they did was that huge uncollateralized loan. And it only takes one thing.
00:26:48
Speaker
So what it came down to was it was my fault because I trusted and I should have verified. And now moving forward, this is what me and Jerry are talking about. I think what's going to worry me moving forward. And this is why I keep doing these videos, even though some days, like we talk about, I'm not like super pumped to do a video. In the next bull run, 24, 25, 26, 27, whenever it is,
00:27:12
Speaker
The narrative is going to switch for these centralized players or a centralized entity. And they're going to say, look, Mt. Gox was a hack. We figured out how to deal with that. The other part was there was co-mingling of funds and there was un-collateralized loans. We fixed that. Now we're going to do this thing. We're just going to make everything okay and just trust us. And you're going to be able to put your crypto and be safe. You don't have to worry about
00:27:36
Speaker
hosting or having custody and people are going to believe it. That's what, that's my prediction. So it's going to be up to me and you, Ben Guy and everybody else out there to remind them, look, I'm going to give you three reasons why you have to custody it. It's void yourself. He's FTX. They're going to tell you a song and dance, but it's more important that you learn how to custody it. And hopefully in that, you know, in two or three years, we have an easier system than a nano ledger.
00:28:05
Speaker
then you can say, you're going to actually be able to own your actual crypto. And what do you even own? Like, if you think about it, so this place in Puerto Rico or a different place we have, we have the title, we own the house, but do we really own the house? Well, not really, because the government owns the land underneath it. And if I don't pay the taxes, they can just foreclose. And the same thing would be like with stocks.
00:28:34
Speaker
Do you really own the stocks? Do you really take possession of it? And the same thing would be like with your bank account. And Bank of America, those customers are figuring this out right now. They don't really own these things as they start to lose their funds that are in there.
00:28:49
Speaker
The only thing you could come close to it, and this is what Jerry told me and it was a good point. He said, the only thing you can come close to actually owning, owning something in reality is if it's like a gold bar. This is why, you know, gold bugs and metals, metal people love this. And then also if you think about your car, if you have like the title, you actually own your car. But then like for your funds and your bank, which are just zeros and ones, you don't really own anything. But with crypto, you have it on a ledger. It's yours, your private keys. You actually own that.
00:29:18
Speaker
if it's in that system. Now I'm at a mask. I don't know. I can't vouch for that. But these are the things that, this is the narrative that I think is going to go forward. So to answer your question, why did I do it? It was my fault and complacency. I thought I could trust and I obviously couldn't. Moving forward, since I learned from that, I'll be able to hammer it home to people. You can do it, but here's why you shouldn't. I really like that you've taken
00:29:47
Speaker
an approach of self responsibility and not the victim mindset. That's what I've been trying to do as well. You know, there's really, there's no one to blame. You know, I'd love to point fingers at someone. It would be so much easier, right? But at the end of the day, it was my fault, you know, and, and I really appreciate what you said. And I like that this is going along with your purpose in helping educate people. You can help present the information and there will be
00:30:14
Speaker
the class of 2023, 24 and beyond. And they're not gonna know these lessons. They didn't live through this year like we did. And it's your purpose to help share that with others.
00:30:26
Speaker
Yeah, thanks. But doesn't it make sense though, like we talked about with Marcus Aurelius about talking about how it's better it happened to me than somebody else? Because like, okay, so like you, right? Young person, you can bounce back. I know it's tough, but you can bounce back. And then you're really delving into the DeFi aspect, which will probably take off in the next bull run. So like, it's a good thing it would like happen to somebody like yourself as opposed to, and this used to happen to me when I worked home health.
00:30:53
Speaker
And this is why I hate scammers so much is that I would go to a patient's house and nap all the time and, you know, talk to the patients and they're usually elderly, obviously home health, 70, 80 years old, get scanned out of their entire life savings. Now, what do they do? If it happens to them and they lose everything, they are screwed because it's not like they got time to make this all back. So for me, like, I'm just glad it happened to me. I hate to say it, but I'm glad it happened to you because now you can protect everybody else that comes after us.
00:31:22
Speaker
In a way, I'm not at the point yet where I'm happy, you're grateful about it happening. No, you'll never will. It's been an emotional roller coaster. But I do feel that this experience has set me down a new path. And it's helping me find, as we were talking about before, my passion and my purpose and helping other people share their knowledge. This is something that's very important to me and positivity. And we were speaking before, even when I was up all that paper money on Luna, I wasn't
00:31:51
Speaker
I didn't feel fulfilled, but in the last couple of months, feeling like I'm giving back and helping people and contributing in a nice way, I am so much happier than I ever was on any silly trade. You're right, I am happy that happened to me because some of the other stories I have heard are heartbreaking. Some of my friends watching them leave the space and dealing with those phone calls in the immediate aftermath, it was very hard to be strong for yourself, but then also to be strong
00:32:20
Speaker
for others as well. Yeah, here's a story. Like I have a friend, Steven, who owns the San Juan Smokehouse. This is down in the Condado area here in Puerto Rico. And he's like, I just got, we do meetups every so often, which is essentially me just buying everybody beers and shots as we go down to this place because I mean, in the beer market. Yeah, you're welcome. Everybody's welcome. Everybody can come down and just, you know, we can
00:32:48
Speaker
I complain about the markets. It's pretty fun. But he was a big leader in Voyager as myself. And he had a business account. He had the debit card. He had rolled most of his funds into Voyager for the business. And he said, you know what? He goes, man, I got to tell you that because the video you put out
00:33:08
Speaker
He goes, you know, about Voyager. He goes, if I hadn't seen that, I would have, all my funds would have still been in there. He goes, all of them. He goes, but thankfully, you know, I took it all out in time, but that's just one positive for every one positive. I hear the other ones, you know, like I hear a lot of FTX people just lost their entire life savings and that's just gone. So they are all awful. That is for sure. So just awful.
00:33:33
Speaker
can give back is to help share our story with others. It's hard to be vulnerable. It's hard to talk about our mistakes. One thing when I was first getting into the crypto space, I was jaded because I only ever saw Numburgle up and look at all this 100X I made on this return. I didn't know that people could lose money. I thought that this was a no-brainer. What I didn't realize was for every one time they had a winning trade, there was a bunch that they were losing on.
00:33:59
Speaker
I told myself if I was going to be more active, I wanted to show the good and the bad, the full spectrum. I really see that in you and I respect that because it's an audience. Jay, thank you. You know what it's like? When I lived in Vegas, I had a couple of friends who were just like, we talk about degenerates, but I had some friends who were degenerate gamblers. I talked to them and we'll say, Pete.
00:34:23
Speaker
Hey, Pete, how things go at the tables the last weekend? Oh, man, it was awesome. I was up like $10,000. I was crushing it this weekend. I'm like, oh, are you up for the year? It's like, no, I'm down like 120,000. But this weekend, though, 10,000, phew. And that's all he would talk about for the whole week, that 10,000 big, but not the other 110 that he's down. So it's just one of those things where it's like people always like you have a there's there's a version and there's like the reality. And it's good that we bring forth the reality just a little bit. It's risky out there.
00:34:53
Speaker
Definitely. So again, we kind of touched on this as well. I don't know if this will relate to your Celsius Voyager experience, but the biggest challenge that you feel you faced in your crypto career and how did you overcome it? Was it this experience or perhaps something else?
00:35:11
Speaker
You know what? It's the first experience. It's getting over that first hump. It's a toss-up, actually, because that first hump... Because when you first get into crypto, you hear all the positive stories, how it's going to change the world, and everybody's involved, and there's all these stories about different partnerships that are going on, and the news articles, and you can take a look at on-chain data about how things are growing.
00:35:39
Speaker
And everything just sounds fantastic. And then that first dip, you're like, oh, that's weird, but it'll go up. And maybe it does or doesn't. But that first bear market, when you first feel it, and then all the news outlets that were covering it as Bitcoin and crypto was going to be the next savior of all time, all of a sudden becomes demonized and is going to zero.
00:36:01
Speaker
And you're like, where the heck were these people when this was going up all the way? It's that first time when you have to go through it and you have to decide for yourself, okay, is this really going to zero? Did I just get taken? Is this a scam?
00:36:14
Speaker
if you can get through that, like we did, I think that's the initial hardest one. The second hardest for me, and Ben talks about this on his channel, I got to agree with him, is just apathy. Just as everything chops sideways, nothing's really going on because let's be honest. Okay, Jade, here's a question for you. Bitcoin today is 21,000, something like that. If for some reason, I don't know what Black Swan event or something that goes down to 10,000, what would you do?
00:36:47
Speaker
Yeah, it goes to 10,000, right? Would you say, okay, well, that's boring. I don't really care about that. Would you buy some or would you just sell off? At this point, I'd probably be really excited and I would be buying. That's just it. I guess I should preface it with what really caught it. Let's just say it was Jerome Powell comes out and he's like, you know what? We're going to go 100 basis points. It just drops for whatever reason.
00:37:15
Speaker
In that type of situation, even though it's gone down, it's exciting, right? So you're like, oh, I can't wait to buy it because I know it's gonna go up. That's exciting. But let's say it goes from 20,000 to 40,000. Joe Biden comes on and goes, you know what? We're gonna make Bitcoin the preserved currency of the world. 40,000 easy, 50,000, 6,000.
00:37:33
Speaker
that's kind of a no-brainer. So it's exciting either way. If it goes down, you're like, well, that's exciting. If the buyer goes up, that's exciting to get to sell or just watch my portfolio go up. But what's really awful is to where it goes up 0.1% one day, negative 0.2% the next day, 0% the next day. And it does that for four or five months. That's the part that I think is the second toughest thing to get over. And for me,
00:38:02
Speaker
That was the hardest in 2018 when I was doing it. I mean, thank goodness I just automatically set the dollar cost average and buy things because I was so bored out of my mind. That's the second hardest part to get over. If you get over those two things, you're good to go. And then of course the last one, which is what I'm still working on is when to sell, but I'll figure that out as time goes on. Hopefully we have it figured out by the next full market.
00:38:26
Speaker
On the flip side, what would you say has been your biggest accomplishment or proudest moment in the crypto space? Let's see. Gosh, the proudest moment in the crypto space, you know what it comes down to?
00:38:46
Speaker
I got to tell you that story. It sounds weird, but the story I just told you, one of the proudest times was Steven when he came up to me and said, Hey man, for that video that you put out, you saved my business. That was probably one of the big ones.
00:39:01
Speaker
I mean, the other ones are good when people say, hey, I like the coverage you did of this crypto asset and I invested into it and it did really well and I got out. That's fantastic. So I think those are the big type of things. It's not the subscribers or the likes and all that stuff. I mean, it's nice and everything else, but I think it really comes down to like, did I move the needle? Did I help people enough to make a positive dent? I think those are the things that really does it for me.
00:39:31
Speaker
It's not about did I get a trade right or a call right? It's about was I able to help someone? Did I make a difference through the information that I'm putting out there?
00:39:43
Speaker
Yeah. I mean, it's nice to make a right call, right? No one wants to be wrong. I mean, I'm wrong all the time. You can ask my wife, but I mean, it's, it's a lot nicer, a lot more fulfilling when, you know, you're able to, you know, someone comes up and says, you know what, man, thanks for this or thanks for this information. Or you know what? Thanks for showing me how to transfer my phone onto a ledger because you were able, I was able to get this off before FTX collapsed. Those are pretty great stories. Those are the ones that even though I don't want to do a video, I'll do a video because of those.
00:40:13
Speaker
That's awesome. I've heard you say a couple of times to watch those that are building in the bear because I crush it in the bowl.
Exploring Promising Crypto Projects
00:40:22
Speaker
So I'm wondering, are there any projects that you are watching right now that you are excited about? Or maybe it's too early to say.
00:40:30
Speaker
No, I mean, I get excited. You know what? It's funny, though. It's like we know that some of these products are building. They're going to be there might be good. They might not be. So before I even say what I'm going to say, let me just preface it with this. This is where I've learned from my mistakes.
00:40:47
Speaker
You know that great restaurant down the street from you in some strip mall or whatever else, and you go in there and you're like, yeah, the food is just fantastic. This place is awesome. There's nobody here. It's crazy, but it'll probably pick up. You go back a couple of weeks later, nobody's there. Maybe a couple of people. Food is awesome. The service is fantastic. I mean, it's just magnificent. You come back in two months later and it's closed. You're like, what the heck happened? That was so good. They had all this fantastic food. The service was fantastic. I thought they had a partnership with whoever, another one.
00:41:17
Speaker
sometimes businesses don't make it. That's just how it is. And I mean, small businesses, I mean, the majority after five years, 80 to 90% fail. So having said all that, I am excited about. Thanks. Yeah, I'm pretty sure I still have them somebody else, but I appreciate it. So like, for these ones, when I look at it, and I see the people that are building, like, first of all, Polygon, I mean, Polygon, they
00:41:46
Speaker
Disney pick them up for their for their incubation program i've covered a different couple different projects when i was being against the key she which is a play to earn multiverse game and they built on polygon lot of things are being built on polygon because it's so cheap so on that one i think polygon could be could be pretty well especially as a theorem seems to like. Start to win things that the other ones that i'm excited about is.
00:42:10
Speaker
And also, full disclosure, I'm super biased when I say about this, because if I'm going to say it, I own it. So just so everybody's like, I wonder if Rob owns that. Oh, Rob owns it, trust me. So the other one would be World Mobile Token, which is built on Cardano. They're the ones that are bringing telecommunications into parts of Africa, and they're surprised, branching off into the USA.
00:42:34
Speaker
So what I like about them is that it's actual real-world utility. You can go to World Mobile Scanner, and you can see that the amount of terabytes that are being used right now, it's through video and telecommunications and data, which you can do. It's over 2 terabytes, which is not a lot, quite honestly. But in third world countries, that's huge. And that's like 40% of the entire globe needs these types of services. So I like those ones.
00:43:04
Speaker
Of course, the Avalanche, things that we've covered lately, that's only because it's a recency bias. I take a look at the Amazon Web Service, their partnership, Alibaba, which is just like Amazon, but in China. And then that large gaming platform, which they partnered with, it looks pretty good.
00:43:27
Speaker
And Cosmos, because we've talked about those, the layer zero technology and the things they're doing. And one thing I will say about Cosmos is this, they are battle tested. Did you know, I think, well, you do, Jade, but people at home, Luna was built on Cosmos.
00:43:43
Speaker
And when Luna crashed and it crashed hard, that didn't affect anything else. That didn't affect the crypto, the crypto.com coin or all the different coins that are built on cosmos layers. They're like, we don't care. They had their own validators. Everything else just kept going. Now in other layer one solutions, if that solution goes down, that's it. So, uh, off they go. So I like that one.
00:44:05
Speaker
Cardano could be big, layer ones I like, polka dots, maybe Solana if they ever figured out like, I know people are going to hate this, but maybe stop going down all the time. And of course I like chain link just because I don't know of any other oracle that's being used to pull real world data into smart contracts. So, and of course Bitcoin Ethereum. So those types of things I think could do pretty well. But again, if two hits and the other eight fail,
00:44:34
Speaker
I'm feeling pretty good. Well, I am excited to have you start to explore the Cosmoverse. Right. It's something that I started exploring after Luna. I feel like a lot of the Rex Lunatics went over that direction, so I followed them as well. I've been enjoying my experience, so I think there'll be a lot of fun DeFi and NFTs, and there's lots of builder activity for you to explore.
00:44:59
Speaker
Jade, the airdrops, right? The airdrops. The airdrops, yeah. We were speaking before. My first altcoin purchase in a long time was Adam. And if you stick Adam, I feel like it just rains airdrops all the time, very reminiscent of early Terra. So that's a project I like right now. I have to agree. I hopefully we see big things. Who knows which one's going to win. I'm just going to spread things around. That's why I diversify.
00:45:27
Speaker
Now I want to know what's been your most DGN trade play thesis? What was the result? And is it still ongoing?
00:45:36
Speaker
Oh, and crypto? So there's this, I've got this, um, this second channel and I don't really talk about it too much because I don't really review many things on there. It's called Dan Deejin. And of course, you know, my channel is just basic meat and potatoes. What's the news going on and very safe, but Dan Deejin is for, well, you degenerates and the four that I've covered so far, uh, Everdome fame.
00:46:06
Speaker
Gensukishi and Sweatcoin did okay. They did okay. This is probably the worst one out of all of them, but I've done some D-Gen plays and I still think they could do pretty well. So like, FAME
00:46:21
Speaker
Yeah. I'm not going to say it's a mistake, but so far the price action does not look into my favor. Fame was a pretty, it was reasonable tokenization as far as like the cliff and the lockup. And it was, it's like the UFC, but it's in Europe and they pit influencers on like TikTok and Instagram and YouTube to fight in UFC matches. It's crazy.
00:46:47
Speaker
And they used the FAME token to pay these people and these people get on their social platforms and promote it. And I was like, well, that makes sense. And of course you get like discounts on the pay-per-views, which I got to tell you, they were actually pretty good pay-per-views. I don't understand what they were saying because it was in Polish, but it sounded pretty good. So that was one of my DJAM plays.
00:47:05
Speaker
Gensokishi's probably one of my best ones. And that was because no one had heard about it. It was built on Polygon, but it had a track record, which over seven or eight years it's been on Nintendo Switch. It's been on PlayStation 4.
00:47:20
Speaker
It's on Android and iOS. And it was a Web 2 game that they ported over to Web 3 and a metaverse play. And they already had millions of people. So I'm like, well, that's a no-brainer. And it's still going reasonably strong. Everdome is halfway and then Sweatcoin, which again, it was like Steppen, except it was free.
00:47:42
Speaker
And of course, people say, well, if it's free, I'm the product. Well, yeah. So right now, you're probably watching this video on YouTube. I guarantee you watch an ad. And if that's the case, unless you have a YouTube premium. So Sweatcoin was the same thing. It was an app. You would download it. It would count your steps. It would pay you in Sweat tokens. There'd be some ads. You could buy some things on there and it was the ultimate thing.
00:48:02
Speaker
did okay. And it actually was the number one downloaded app in the world for 2022 in health and fitness, over 100 million downloads. So that one was did okay. But JD, I understand that's just the download of the app, not the actual sweat token, which they could not release in America because of, well, you know that guy, Gary Gensler.
00:48:25
Speaker
was protecting us so hard, we couldn't get, we couldn't get the, uh, yeah, the sweat going over here in America. So maybe as time goes on, we'll see it over there, but those are my, so healthy. Think about all the steps Americans would be walking more.
00:48:40
Speaker
Yeah, I don't know. Like I'm doing a month long challenge right now. So like everybody who downloads the app, like for one through 30, like first place, they get like a thousand sweat tokens. They're going to get a coin ledger premium subscription. They get a subscription of Ben's website and it just, and all these different NFTs and things like that. So that'll conclude on January 31st and that's what we're doing with it right now.
00:49:06
Speaker
And if they asked you to be part of this UFC octagon in the ring, would you do it? No, that is not my, that is not my wheelhouse. Like there's, there's, there's people that can get out there and get into bar fights. And that was a long time ago. These days I just want to stay healthy and out of my face mangled and punched in. So I'm good to go. Okay. Perfect segue. I was going to ask you, what do you enjoy doing for fun? I know that you like to play volleyball. You have a charity as well. Can you tell me a little bit about that?
00:49:36
Speaker
Yeah. So I played volleyball in college. I was too short. It was a setter. And then I played a lot on the sand. And then, of course, here in Puerto Rico, which is great. There's a lot of crypto OGs here. I meet a lot of people who they play volleyball and are also early Bitcoin adopters. And I got to tell you, some of those guys are kind of annoying because they're like, you know, I bought out a dollar. I'm like, I don't care what it was, Henry. I don't care what you bought it at. Just serve the ball.
00:50:06
Speaker
So sand volleyball is still one of those things. Also beach tennis here is a big thing. So we've been playing that. And then that's why we have a sports facility in El Paso called the Sandbox. And it's where we have four courts and we have leagues, tournaments, and events over there. And we have sand volleyball go on. So that's why
00:50:26
Speaker
I like to do that. And then just to stay in shape because you know, as you get older, you got to do those things. And so I like to do movies, any kind of food that I can get my hands on and then try to keep my alcohol intake to a minimum. That is that's my favorite things to do. So you're very active.
Personal Life and Living in Puerto Rico
00:50:45
Speaker
Yeah, I try to be because like I mean, if you don't, it's again, it's all about
00:50:52
Speaker
improving yourself and improving those around you. There's a little thing that pops up on my phone every day. Did you do something harder than yesterday? Which means whatever that is. If that is working a little bit harder or playing an extra game or picking up a new spoiler, just do something. So I try to stay as active as I can because it keeps the mind sharp.
00:51:11
Speaker
And that's what it is because in my family, I've, you know, genetically, you know, cancer runs in my family, dementia runs in my family, high blood pressure, hyperthyroidism. So I have to keep myself as healthy as I possibly can. Is this what inspired your charity?
00:51:28
Speaker
Ah, the charity. Yeah, that's right. So we have this. We have this. Well, the charity is it's over in El Paso. We have an obstacle course because we have a couple couple acres right next to the sports facility. And it's called insanity. And what it is is it's an obstacle course. It's one point six miles. Anybody can finish. It's kind of like the Spartan race. But for like people who would like to just not, you know, go all out and run like crazy.
00:51:56
Speaker
So we do that twice a year. Usually it's in April and in October, and 100% of the proceeds go to the El Paso Boys and Girls Club. So we just do that for free. So I get out there and I work the course and do the construction, have some people help me, and then we just run it for one day and then that's it. So the reason why I did that is because when I was growing up, I didn't really have
00:52:17
Speaker
My mom worked a little bit too much and me and my brothers were a little bit bored and got into trouble. So the boys and girls club was there. So once you're a latchkey kid, you kind of always gravitate towards that. You said this a little bit, but what is it like living in Puerto Rico? I was listening to one of your recent videos and all of a sudden there was music blasting. It was a constant party. I think you're saying, do you live there full time now? What inspired that move?
00:52:45
Speaker
So it's full time because, well, there's two reasons. First of all, I'm in my wife, we don't like cold weather whatsoever. And even though we live in El Paso, Texas, it still gets cold. And for some people are going to laugh at this, but it gets to like 30.
00:53:00
Speaker
That's cold. Yeah, for us, that's like super cold, right? So we're not like that. We don't like that. Especially with wind chill, it gets down pretty lower. And I'm sure people are like, well, you know, in Canada, A, it gets down to negative 30. I get it. I understand. But I don't like it. My wife doesn't like it. So we said, let's move to Puerto Rico. Also, there is this great tax incentive, which I'm sure you've heard about. So there's no capital gains tax. However,
00:53:24
Speaker
as I've come to learn. Well, I knew this before, but once you move here, first of all, you have to employ people, you have to buy property, you have to pay a filing fee of $5,000, and you have to pay $10,000 to the charities of your choice on top of all the different taxes that you pay for said properties and everything else. The cost of living here is actually quite high. So that's why we moved down here to Puerto Rico.
00:53:53
Speaker
And, uh, we like it and it's, it's great because like, this is a downfall. Jade, you're going to figure this out. Once you retire, guess what your friends are doing. Oh my God. Working.
00:54:06
Speaker
Exactly. So what do you do? What do you do? It sucks. So like, like, like my friend George, he, I mean, he works the military. My friend Mike, he works for, he used to work for text dot. Alex is a teacher. My friend Caesar works for some conglomerate.
00:54:24
Speaker
in El Paso. They're all working. So it's like, what do you do? Well, at least here in Puerto Rico, again, a bunch of degenerates who invest in the crypto. They're like, hey, do you want to play volleyball? Should I play volleyball? Hey, let's go out for this, do that. They have the time to do those things. And I think that's the alternate flex if you really want to look at flex just to have freedom of your time. So that's another big reason. So think about this, everybody. When you're here, you're like,
00:54:50
Speaker
At some point you're going to come through these, these problems and you got to figure them out sooner than later. So important. Okay. I have just a couple of quick questions and then we'll wrap up. Sure. I call this quick take. What book are you reading right now?
00:55:05
Speaker
So, well, Marcus Aurelius' Meditations. I try to read this book all the time, and it's just stoicism. So if you are watching this video right now, there's a website called dailystoic.com. It's by Ryan Holiday, and you can sign up for a newsletter for free. And they just send you the basic wisms of stoics, which I think it's a good way to control your emotions. Not about suppressing and eliminating, but realizing what your emotions are, especially right now as a trader.
00:55:34
Speaker
understanding them, dealing with them, and then rationalizing how to move forward. So I'm always reading that book. Is the pool, should I say pools? Are they real? Yeah. So like, I think in the beginning you saw my other dog Chloe just walk by. They're both real, but I guess, and we talked about this before. So here in Puerto Rico, that's the pool here in El Paso, we have an indoor pool.
00:55:59
Speaker
And everybody kept asking me the same question, like, this is, this guy's fake. It's the pool's not real. And I was like, Oh, so I'd take a bottle. I was throwing the pool and say, see, it's real. You know, unless I've got some super crazy, you know, FX and he'd see the splash and we're like, Oh, it's real. It's crazy. Then I kept getting acid again and again and again. And then some people just did it just to, just because they wanted me. Now there she goes. Just wanted to see me, you know, do it.
00:56:22
Speaker
And I was like, I'm getting sick and tired of digging these or scooping these bottles out of the pool. So I just said, it's a green screen. You guys are right. And then with this one, it's a green screen. So let's just get to the story so we can move forward. So that's it. That's hilarious. What is your most used crypto sling?
00:56:40
Speaker
For me, it's I'm not your dad, and this isn't financial advice. Because when I would say not financial advice, I think people would just skim over it. But when I say I'm not your dad, I think people would like, oh, this guy really doesn't care. Well, I care, but not enough to make you do anything that you shouldn't do. So I say, I'm not your dad, this isn't financial advice, do whatever you want to do. But this is the thing that I'm going to talk about. So that's what I use the majority of.
00:57:07
Speaker
Oh, my favorite. I mean, it's doge. It's doge. It's doge because I like doge back when it wasn't so serious and Elon wouldn't pump it up. Because if you had like an XRP Maxi and an Ethereum Maxi fighting, you know, like in a Twitter spat, the only thing you had to do is just go in there and go, yeah, but what about doge? And everybody would start laughing. Ah, doge, that's funny. And it's always my favorite. Now it's taken a little more seriously. I wish it wouldn't, but it's still doge.
00:57:46
Speaker
Oh, yeah, it's easier. It's so much easier to buy low. And that's what everybody talks about, right? Buy the dip. Let's buy the dip. Did you buy the dip? There's a dip to buy. Did you buy that? And it gets to be like so simple. And then as things start to go up, you're like, you got to hold on. You got a diamond hands. And that, that are the one, Jade, I got to tell you that diamond hands narrative. Ah, that's another mistake that I have eliminated from my vocabulary.
00:58:01
Speaker
I still like it.
00:58:14
Speaker
And not to go off on a rant, but we just covered a story about Peter Thiel and his crypto hedge fund. They've been investing for eight years, which is a good amount of time to invest, right?
00:58:28
Speaker
the Bitcoin conference, I want to say it was April or May 2022, one of those months. He was a keynote speaker and he went up there and talked about how great Bitcoin was and how the fiat narrative was expiring and crypto was the greatest thing. But just a month ago, they had emptied their entire fund and sold out for
00:58:50
Speaker
surprise fiat. So like, these things that we talk about, you know, as far as like selling, I'm trying to get better at it. I'm not a pro by any means, but just this last pump up with 30%. I was like, did you guys take some profits?
00:59:10
Speaker
because it's important to do it. They're like, well, Rob, it's not that many profits because I'm like, I don't care if it's that many profits. It's about greasing the wheel and muscle memory. Cause when the big day hits, you want to be able to sell. So for me, it's still hard to sell because I still, let's be honest, we're all greedy a little bit. And we look at it and we're like, Oh, I know it can still go up. Well, if the coin went to 21,000, what means it couldn't go to 24,000 or 28. I'll just wait till then. And then you never sell. And you write all the way up and all the way down.
00:59:37
Speaker
Lessons. That should be the theme of this. Complete the sentence. Financial independence is... Financial independence is the ability to do what you want when you want. It's not so much because we can all pay our bills and we can all have a zero sum. I just saw a tweet and it was, this guy was in Colorado. He's like, the ultimate flex is skiing on a Thursday at 2pm when everybody else is at work.
01:00:06
Speaker
That's financial independence. Doing what you want, when you want, without any financial worries. I hope to get there one day soon. Now you'll be there soon, Jade. Thank you. Time, time. That's all it takes. So I promise to wrap up. I'm so invited talking to you. What excites you the most about the future of Web3?
Future of Web3
01:00:24
Speaker
I think it's the ability to get away from these legacy platforms like, say, a Google and storage like, say, Apple and their apps where they take 30%.
01:00:39
Speaker
like anything that you do on the internet where you can't transfer any type of value. I think the big thing is just to be able to give people a little bit more control of what they do and not have these gatekeepers so much, which are just middlemen that excise fees, which are sometimes exorbitant,
01:01:02
Speaker
and it just makes people poorer. So I think the big thing, and whatever that is, if that is some type of game development, if that is some kind of online decentralized storage, or if that is some kind of DAPT that's being built in some way, shape, or form, so much the better. I think that's the big thing. I can't say what the project is or what it's going to do, because I'm old enough to remember.
01:01:26
Speaker
before the internet and the internet came along, we had no idea what it was going to morph into. We really did think it was going to be like just a couple of websites and that was all we needed because why would we need that? And now, of course, we look at the web and it's just so expansive and then here we are today. So that's what I'm excited about. And what is one thing that you wish people knew about you or you hope that they take away from this interview?
01:01:52
Speaker
Okay, there's two things. First of all, I will never contact you, period. So don't fall for any kind of scam or anything like that. I get probably 10, 15 offers a week. So I don't need you for me to reach out to you to do something like to give you something.
01:02:09
Speaker
And then the next part is, is that sometimes like I may seem like I'm a little bit stern or not really too, I guess, happy about things, but it's just me being reserved and I use a lot of sarcasm. So I'm not a very big, hugely emotional person just by nature as time has gone on. So just realize that, you know, like some people say, Rob seems down today. Rob seems kind of stoic. I understand. It's just how I've been. And I'm actually having a pretty good life, but honestly,
01:02:39
Speaker
joining me today and sharing so much of that very good, beautiful life with me. It's been really fun to get to know you. We were talking earlier, you think you know someone, right? You watch their videos. Oh yeah. But you don't. But it's fun kind of getting to know you and hearing about you and your story. I really appreciate you being so open and vulnerable with me.
01:03:01
Speaker
Right. And thanks for having me on. And Jade, remember, I mean, it sucks right now. I believe me, I've been there, but as time goes on, just time in the market is more important than timing the market. You'll be fine. And for people that aren't following you, which they absolutely should, because you have an amazing website with the free tutorials, Twitter and YouTube, where should I link them to follow you?
01:03:23
Speaker
So everything starts with the YouTube channel. And then you can find DanTeachesCrypto.com, which is 100% free. It's free because, I mean, look, it's going to be hard enough for you as an investor. So I don't want to have to fleece you for funds. And we have everything from like the basic things of like how not to get scammed, how to use a ledger, how to use a MetaMask, all the way to other things that I do as far as like dollar cost averaging and when to sell and exit strategies and all everything's in between.
01:03:50
Speaker
That is so important. I will put the links in the description below. Rob, thank you again. I really appreciate your time. Thanks, Jade. We'll see you next time on Behind the PFP. Adios.