They Were Given 2K to Invest - Here's What They Learned So Far | The Chosen Few

Added: 2026-05-05

[00:00:04]It's a beautiful day to Ethereum place.

[00:00:06]Mimi's in the background. Hi Mimi.

[00:00:08]Mickey wave hi. Hi.

[00:00:12]Our crypto beginners, our chosen few are with us. Pearl is there. Jack is there.

[00:00:18]Hi Jack. Hello.

[00:00:21]Javier is standing by and the great Jordan Maxwell, our fountain of knowledge.

[00:00:27]>> He means Jordan Maxwell.

[00:00:30]For those of you that don't know the setup, we took these three people people, Pearl, Jack, and Javier who knew nothing about investing, nothing about cryptocurrencies and we said, "Okay, we're going to teach you by giving you $2,000." So, we each we gave them each $2,000 and they made an account at Caleb and Brown, the broker in Australia, learned how to do that. We get sent the money.

[00:00:56]They wired the money down to Caleb and Brown and now they have assets. Javier, which ones do you have? Remind us.

[00:01:03]Dewey and Canton.

[00:01:07]And it's just been sitting there, hasn't done much.

[00:01:09]>> Canton is it's only down like slightly as far as like the actual like it went from when I bought it it was like 14 14 cents point six 1460. Now it's about 14 20.

[00:01:24]So, it's not bad and then Dewey was uh Yeah, it was at 96 when I bought it and now it's at 89.

[00:01:31]So, overall I'm I'm down like you lost 70 something bucks in total.

[00:01:36]72 down. No, no, no. Yeah, 80 80.

[00:01:41]87 Yeah.

[00:01:43]Like Welcome to cryptos.

[00:01:46]Uh Pearl, you went all in on the Canton network. What did you get? How's it doing?

[00:01:50]>> I got half Canton, half um Redstone.

[00:01:55]And it's That's Those are just sitting there, not doing much.

[00:01:58]>> Actually, Redstone's being kind of crazy. I um last week watched an old video where uh Jordan was talking about Sunday night is the best time to buy cuz the prices dip. So, I watched it and Sunday night I could have picked up Redstone for just over 10 cents.

[00:02:19]By midday Monday it was 19.

[00:02:23]I have the half the right now. Not enough to get excited about, but even so.

[00:02:28]>> Oh, I'm getting excited about it. I'm getting Yeah, it's on my list to buy.

[00:02:31]Here's a chart for Redstone. Oh, you should have you should have bought it Sunday night.

[00:02:35]Yeah, so this is a that's a that's an exciting one. We could see some of the previous charting that we did, some of the price levels up here.

[00:02:41]But yeah, you can see Oh, somebody got interested in Redstone right there.

[00:02:46]>> Yeah, this is this is from when we were charting it and yeah, somebody got really interested in Redstone. Like now this is a buy signal. Look at that volume. So, that the since the history it's since it was first sold back in March, it got up to here. Uh it's not showing the specific the volume. This is on Coinbase. This volume is up like twice as much as it ever had, so I'm like, "Oh crap, I got to get into Redstone right now." But um that's that's FOMO right there.

[00:03:12]That's FOMO, but but that's a that's a pretty sizable move as you can see here.

[00:03:17]That went up 132%.

[00:03:22]So, it went from 10 cents on Coinbase to 24 cents and now it's at 19 cents. And this is what you see.

[00:03:28]Somebody comes in, somebody buys it, other people will bid it up. When I was kind of saying like when you you'll see it when you start to see a chart run, it'll kind of be spent after the first two candles. So, here you've seen kind of pull back there. I wouldn't be surprised to see it maybe pop up a little more than maybe come back down here maybe to this this yellow line is the um the 50-day moving average.

[00:03:47]It could pull back there, but we need to figure out what's going on and why somebody's interested in this. And that's that's what that's the move you kind of want to see when you're looking at a token. You got it on your radar, it's going down, it's going down. You're like, "Oh, do I buy in? I don't want to catch a falling knife." But then when you see this, you're like, "That's a signal to Yeah, somebody wants to get in heavy." So, I'm probably I'm probably like full disclosure I'm probably going to buy some Redstone as soon as I get a chance.

[00:04:09]Pearl, when you look at that chart, that uh probably a month ago would have meant nothing to you and now you see that and your heart starts to beat. Do you understand what that's doing there?

[00:04:21]Yeah, no, absolutely. I've been watching a lot of the things that um Michael does and how he talks about it and I spent a lot of time trying to figure out charts. I'm still in the I'm still in the weeds of the functional stuff and you know, what the volume means and what the average prices are.

[00:04:39]I'm trying to figure out what all that means right now.

[00:04:43]But I'm happy that I did Redstone.

[00:04:46]That's a heartbeat there in Redstone.

[00:04:48]And so here's Canton and this is kind of just a little bit of trading education.

[00:04:53]You want to find some of the different buy zones. So, you can see right here it's kind of bouncing off of this level. That's known as support because it's it's holding the price at that level. When it hits like up here, these these spikes up and go down, that's resistance. So, support below, resistance above.

[00:05:09]So, you can kind of if you go back here to this earlier cycle, you can see right here is around the same level as that right here. So, that was an earlier first it was it was resistance. On the way up, this was a resistance level. It broke through and then it came back down and it turned back into support. So, long-term support is right around that level.

[00:05:29]You got resistance levels since it hit here, that's one of them. You can see it it didn't really get too far above that level even with these spikes that pushed up. So, you could potentially say that's a kind of even right here it stopped right there.

[00:05:43]So, that's another kind of resistance level. There may be one more up here.

[00:05:47]What Dick said, he bought it in this area.

[00:05:52]So, he was he was a little bit FOMO and he I paid almost I paid 15 15 six for it, I think.

[00:05:58]>> Yeah, 15 seven, that's right there. See, he got it right at that that lower support. So, now like we've been seeing it trade sideways.

[00:06:05]And that's when you're when you're especially if you're if you're being a little more active with your dollar cost averaging, you see it's between these two lines for since March 26th or March 9th all the way to April 8th, it's kind of it's been in between these lines even a little bit lower. So, if you're really trying to maximize your entry points, you would want to put your buys around that support level, maybe 14 and a half cents because you're trying to catch it on the bottom lower edge of that um that range.

[00:06:32]Cuz it goes up, it goes down, it goes up and goes down. And that's how day traders make their money. They buy it down here at 14 cents, they sell it up here at 15 and a half cents. But if you're buying like $10,000 worth, you can make a little bit of money in there.

[00:06:44]And so it it is possible that it'll it'll check down lower if the market turns lower, comes back down here maybe.

[00:06:50]This is kind of a support level. You see there's support there, support there, resistance. So, that's another level.

[00:06:55]So, it's a potential that res uh Canton could go down to 12 and a half cents if it goes down lower, but right now it's kind of at a decent buy range.

[00:07:05]I've been dollar cost averaging personally. I actually tried to buy it at like 13 nine on on Robinhood and it got down to like 13 91 and my order didn't fill.

[00:07:14]I'm like, "Dang it." And that's just the game you play. But that I'm trying to play these different ways. So, I just wanted to kind of point that out for anybody that is interested in Canton or instead of going all in like Dick did cuz that's just what he does and that's his thing and he it's worked out well for him in the past. If you're trying to kind of be more strategic about it, you see these different res uh support level resistance levels and you want to put your buy orders in there or if you're trying to sell it and you think it's going to pull back again, you can put a sell order in at 16 cents.

[00:07:42]It'll sell, it'll trigger down lower, maybe go to 12 cents again. You also have to be pay attention to um short-term profits and whatnot. There's long-term capital gains and short-term capital gains that have to go into consideration with this as well. But I just kind of wanted to show that to you.

[00:07:55]And yeah, I'm getting excited about that Redstone, too. That's way too much tension and trauma for me. I I decided I liked it. I just put a huge bag in at 15 five. When it goes to $2, I'll sell it.

[00:08:09]So, okay, we got to check in with Jack.

[00:08:12]What Remind us what you bought with your 2,000, Jack. So, I got XRP, HBAR, and Canton.

[00:08:22]And they're pretty much haven't done much, but Not recently, no.

[00:08:28]Okay.

[00:08:30]So, Pearl has learned how to read charts.

[00:08:35]What have you learned, Jack? What what have you gotten out of this so far?

[00:08:39]Well, I think that the most important There's been two so far that I've really paid the most attention to. The first one being last week with convexity. I thought it was very interesting to learn more about how you want to position yourself in a place where you have your gains accelerate more than your risks would.

[00:08:59]Uh but also with just in general way back from before I knew too much about cryptos, I kind of just assumed that everything was similar to what a meme coin would be in the sense that it had as much value as what someone thought it had. So, just investing and then you'd get what you have.

[00:09:22]I did not realize >> Yeah, the real value is what it what function it has. That's And you start learning that. Like people think crypto does is just a form of money. Like so many of you use it as money, but it actually can be used for a lot else.

[00:09:36]Jordan will tell us more about that in a minute. I'm going to go send you guys some tokens in a second. Javier, what what have you gained out of this little exercise so far? It felt like You've learned Yeah, it felt like I stepped into uh like the world of banking where like I was a complete like novice before. Like I had no idea, but uh I mean, I'm learning a lot about like all the outside factors that affect the market.

[00:10:03]Like it's so volatile. Like anything could happen overnight. Like DDO R suddenly like you know, for the for for a while everybody thought it was like a real coin. Turns out it's a meme coin, you know, like things like uh reading all the Elliott waves, the the Fibonacci levels. I mean, I I really dig that stuff whenever it you know, when Michael goes through it.

[00:10:26]Uh It It reminds me of like Cliff High, like the his algorithms, how it it predicts the future, you know, but in such a way where it's like no, it's just going off of just the patterns, you know, the human condition. Um Yeah, about I I learn about like the perfect entry points to to buy in.

[00:10:46]Like it's not just the hype or it's it's like yeah, you got to wait till it's it's as low as it's going to go or else it's it's not really going to maximize any profits. Um You know, and about cashing out at the right time, like to get that detachment to it as well, like to know when when to put the sell orders. Uh You know, which also like about which tokens were already like positioned for like institution institutional backing and you know, >> [snorts] >> yeah, I mean, it's it's been a wild journey. I mean, I'd like I feel like even though we're in a crypto winter, but like for somebody like me, it just feels like man, this is like the perfect time. Like Like even if it stays low the way it is, like I all I see is the what's going to happen once all these like regulations and things are passed.

[00:11:34]Like this whole month, I guess there's a lot of events happening around in cryptos and all these decisions from the Fed and like So, it's I I just can't wait to to see what what happens, you know.

[00:11:46]The longer it stays low like this, it's the better, especially for people just getting in. Like this is the Like you mentioned, this is the best time to accumulate crypto in this current cycle that we're in because as you saw some of the charts, even with that redstone chart, a lot of the prices are kind of at the bottom of a a support range. And they're just trading sideways. That means there's not a lot of people looking to sell it, not a lot of a lot of interest. You can go in there, get your buys in, get a good prices, and then you just wait. You might You might have to wait a year, but it pays off, for sure.

[00:12:16]Should we Let's do a transaction really quick. Let's see if we can pull this off.

[00:12:22]I need you all to go to your Caleb and Brown accounts.

[00:12:26]And uh Jack has already done that, so log into your Caleb and Brown.

[00:12:31]One What you guys have done, Ron, I'll I'll talk a little bit while you're getting that done, is you wired money to Caleb and Brown, and then you gave them a buy order, and they put it in your account, so it's there. I want to teach you a little bit about how to move cryptos back and forth. So, I'm going to send you all a little bit of Litecoin live in real time. So, when you're at your account, Jack, I think we rehearsed this a little bit with you. So, you're at your Caleb and Brown account, and you go to deposit. Yes. You click on deposit.

[00:13:10]And then you find Litecoin LTC.

[00:13:15]And then you click on that, and it's going to have to generate It will generate a wallet address for you.

[00:13:21]Yes.

[00:13:23]Are you guys Are Pearl and Javier there?

[00:13:25]Are you following along with that? Yeah.

[00:13:27]I got it.

[00:13:28]Okay, click on the deposit button.

[00:13:32]Yeah, deposit crypto.

[00:13:35]Yeah, and if you >> And then scroll down to Litecoin.

[00:13:39]Okay, then you find Litecoin. And then you you click on Litecoin, and it will it it'll take take a minute. It'll say generating.

[00:13:50]Jack, do you see your QR code? Yes. And you got the wallet address? Yes.

[00:13:56]>> Copy that wallet address and send it to me in our signal chat.

[00:14:02]>> [clears throat] >> I sent mine already.

[00:14:05]I probably It'd be easier if you I saw you sent the image. Can you copy that actual address? I'm not I'm not the computer Oh, copy it and paste it in?

[00:14:12]Yeah, copy paste the actual address cuz that's Okay. Hold on. I'll I'll send it to you in a second.

[00:14:17]That is your That is your public key. That's what you give to people like Actually, we could publish those addresses here and have people send you some. I bet members of As long as he gets it.

[00:14:33]Like I'm going to give it to Jordan.

[00:14:35]Keep them busy for like 5 minutes. I'm going to run to my other computer, and I'm going to send them some Litecoin. We can watch it come in live. That's awesome.

[00:14:44]>> So, you can talk charts. Yeah, I'll I'll I'll talk about what we were just talking about. So, we're doing we have our new token vetting system. We're throwing all the popular ones in Hedera, XRP, Can I have you heard of those before? But when we got to Bitcoin, so I was like, how does Bitcoin fit into this situation?

[00:15:00]And that's why one of the reasons we were talking about Litecoin, also because we were we mentioned Bitcoin in that pre pre-talk, but we wanted to be able to like show the transaction on here, and it might take up to an hour for the Bitcoin to be fully confirmed on an exchange just cuz they like multiple blocks, and it takes 10 minutes per Bitcoin block.

[00:15:17]But anyways, so we're looking at what is How does Bitcoin compare to all these the convexity, kind of risk-on sentiment, those types of things.

[00:15:26]So, the one-line answer. Bitcoin is not competing with This is when we were kind of going through HR XRP and Hedera. So, it's referencing them, but it it can macros out to the whole ecosystem.

[00:15:37]Bitcoin is not competing with XRP or Hedera on convexity. It sits on a different axis entirely.

[00:15:44]That's a mistake most people make.

[00:15:45]Bitcoin is not is unique, and that's the key to its its its allure. Bitcoin is not infrastructure like Hedera. It's not a settlement rail like XRP or government token or participat- participatorial asset or real-world asset proxy.

[00:16:00]Bitcoin is best classified as a non-sovereign monetary asset with no issuer, no claims, and no upgrade path towards participation.

[00:16:10]That single sentence explains everything about how it behaves.

[00:16:13]Uh Bitcoin has a lot more convexity just because it does not it does not come from the Bitcoin's convexity and upside does not come from usage growth, institution adoption rails, fees, governance, or participation. Where it does come from is whether the world reprices non-sovereign money upwards relative to sovereign systems. This is important right now, especially with what's going on in Iran. People are looking at the dollar, other fiat currencies a little sideways, especially when you factor in Russia and the ability that they've had to freeze Russian assets that were in on the Swift system. So, again, Bitcoin is it reprices non-sovereign money upwards relative to sovereign systems. So, it it stands in a class all its own compared to most cryptos.

[00:16:58]This is a macro option, not a protocol option. So, it's not about protocols here.

[00:17:02]Why Bitcoin does not lose convexity the same way as your XRP or your Hedera.

[00:17:07]This is a critical to the to the whole understanding.

[00:17:10]XRP and Hedera lose convexity when their role becomes known.

[00:17:14]Like they know that XRP is going to be a a payment rail. They know it's going to sell out banks and stuff.

[00:17:20]And Hedera is a institutional enterprise rail. They know that. It's already being adopted. They lose it when their upside becomes linear to usage. So, it's going to start kind of going up linear as more people come on. It's not going to go curve convex parabolic. It's going to have linear uptrend. And the structure caps value capture.

[00:17:39]Bitcoin does not have a role that can complete, a road map that can be done, or a participation path that can be ruled out. It has none of those things.

[00:17:48]The question for Bitcoin is is not will it be used. It is what role will non-sovereign money play in the global system, which is still unknown.

[00:17:58]That's why it still has more convexity than maybe an XRP or X Hedera. Yeah, the number is bigger. It might take longer, but it still has more potential than some of those. Kind of what they're saying.

[00:18:08]The question never resolve revolves cleanly with Bitcoin. So, it's always This is This never We're not We're never going to solve this non-sovereign money issue just because that's the way the world is. The governments are always going to want to push sovereign money.

[00:18:19]So, there's always going to be a debate there.

[00:18:22]So, Bitcoin's convexity decays much more slowly, resets at higher levels layers each cycle, and is not exhausted by success.

[00:18:32]So, what happens like people like Bitcoin's boring. It just goes sideways.

[00:18:35]It doesn't have that much convexity.

[00:18:36]Bitcoin exhibits a paradox. It's technically boring, functionally simple, there's no feature road map, and no governance evolution.

[00:18:46]Yet it retains its convexity because it competes with states, not protocols. It's competing with governance, countries, and states. No other protocol even comes close.

[00:18:58]It's not priced on cash flows, so it doesn't matter the flow of cash. It's just the demand for it and its scarcity.

[00:19:04]It's not replaceable by better tech.

[00:19:06]It's already been tried. Some of the tokens out there, a lot of the first wave first cycles that we saw where people trying to put out better tech than Bitcoin, but the Bitcoin structure has proven itself since then and just more appealing to people.

[00:19:20]And it's not valued on efficiency.

[00:19:22]Infrastructures as are infrastructure assets are priced on function. Bitcoin is priced on the belief in monetary separation. Those are completely different games that are being played.

[00:19:32]Um do do do Let me see. Let me Let me interrupt really quick.

[00:19:36]>> Yeah.

[00:19:37]Javier, did you send me your Litecoin address?

[00:19:39]>> I I could only do it through the through email because I'm I'm using my phone as as to to be able to watch, so I got to like shut down the app and do all this other stuff, but You can send it to me by your email >> Yeah, can I can I can I take a few seconds to get it? Yeah, actually You're like country or I sent you each $20 worth of Litecoin.

[00:20:01]Should be there already. Check your Jordan, I I had this set up. I had my at my other computer, my uh Exodus account. And I was too clever for myself. I was using an account that was on a treasure. And the treasure's locked in a safe somewhere else. And I would need to go open the safe to get out. So, I was like, oh, I got it. So, I had a different Exodus account. And what I did, they sent me their code to their wallet. I just pasted it in. I sent $20 when Did you get yours, Jack?

[00:20:41]Mine is currently pending. I can see it in the history.

[00:20:43]>> Pending. Okay. And Pearl, is >> pending, that means that their their their system is waiting for a certain number of confirmations from the back end. It's already been registered by the block explorer. They see it there. They just want to make sure that there's no like pullback cuz there's there's ways to cheat the system. Did you email that address to me, Javier?

[00:21:02]To my the one that starts with an R?

[00:21:04]>> Uh the it was the key I just like copied it. The the key that was provided under the QR code.

[00:21:10]>> address. Is the email address Is the email address that starts with an R? Oh oh oh uh Or the one that starts with Dick.

[00:21:18]>> Yeah, the one that starts with Dick.

[00:21:21]I think we don't have it.

[00:21:26]Okay, I'll go do that. Sorry.

[00:21:28]No worries. All right, in a row. Jordan, continue on.

[00:21:32]Okay. Give me Give me 3 minutes. So, this is talking about we when we threw in like what kind of exit criteria you're looking for.

[00:21:40]Is it if if to how much XRP and Hedera shifted to how much usage. Bitcoin is still in the if the world re-prices non-sovereign money phase. So, Bitcoin retains its convexity. As far as regulatory resolution, XRP is largely resolved.

[00:21:55]Hedera is known to be institution-friendly. Bitcoin is never fully resolved globally. There's lots of different jurisdictions and none of them are on the same page. Well, some of them are, but a lot of them are not. So, Bitcoin remains its convexity from a regional perspective.

[00:22:09]From institutional comfort or institutional comfort replaces imagination, XRP and Hedera, yes.

[00:22:15]Bitcoin, institutions participate, but do not domesticate it. So, Bitcoin remains polarizing and not solved.

[00:22:23]Good news stops moving its price. With infrastructure, that's often true. With Bitcoin, it's more about macro regime shifts that still cause repricing in the Bitcoin price.

[00:22:32]So, Bitcoin re-prices on new macro narratives.

[00:22:36]Explicit rejection of participation, XRP and Hedera, yes, by design. Bitcoin, that's irrelevant. Participation was never the thesis. So, there's no convexity loss there. Mean reversion dominate dominates. Infrastructure, that means there's a strong mean There's a strong mean reversion. It pulls me back to the mean or average price. With Bitcoin, it's really more regime-based repricing. So, it's kind of a step function. Cycles up, goes up, and kind of stays there for a while. It might spike a little bit, stay there, and then go up and then steps up again.

[00:23:05]Uh the thesis no longer requires new.

[00:23:07]So, for infrastructure, XRP, you need new features, new things, new staking, new things to get people to come in. So, that's often just more Now, it's just more usage. So, it's not really new.

[00:23:17]With Bitcoin, it still depends on systemic change around different jurisdictions, which can bring in more uh demand. So, it retains its convexity in that part.

[00:23:28]So, overall, uh that's the one here.

[00:23:31]No. No.

[00:23:35]Final lock-in, Bitcoin does not lose convexity by becoming infrastructure because it's not infrastructure. It's a monetary asset whose upside is tied to macro thrust shifts, trust shifts, not protocol completion. That's why Bitcoin can feel boring. Infrastructure can feel boring, and yet Bitcoin remains a form of convexity that retains the convexity that those ones do not. They are not substitutes. They are different layers of the capital stack. So, they're in different categories again. It's kind of the strategic takeaway.

[00:24:05]Yeah.

[00:24:06]Did you want to see uh Javier, you want to check your wallet to see if that arrived?

[00:24:12]How do I pick that exactly?

[00:24:16]So, that's how easy it is. You guys send me a receive address. I put that in my wallet. I almost made a mistake and sent Javier 20 Litecoin instead of 20 You can send $20 or 20 Litecoin. You don't want to make that mistake. That would have been over $1,000.

[00:24:34]>> an important part when you're transacting cryptos, triple-check what you do.

[00:24:40]Well, customer service refund.

[00:24:42]>> [laughter] >> You know, I just violated that Jordan, because they sent me their address and I just went copied, pasted, didn't set it without even doing a check. Usually, you send like $2 worth or but it's only $20, so >> Yeah, and then you get a little complacent, but that deals with Okay. The reason that we say that there are certain types of malware that you go into you click say you he copied those addresses. The malware will find another find it or create another address that's very similar to your address. Maybe a couple letters in the middle that are different.

[00:25:17]And it'll replace it. So, when you go to send it, you're sending it to a different wallet that's controlled by somebody else. So, that's that's the If that's maybe not as big of a threat now, especially if you're not doing a whole lot of degen stuff, you're not clicking on a lot of bad links and whatnot, you're safer. But, it's always something just to be aware of. I always even now, I'll double-check, kind of go through it real quick, and make sure that the letters and numbers are the right compared to what I'm trying to send to, but yeah.

[00:25:45]>> Should um Jack, did your 20 bucks Did your Litecoin come? Yes, they did. Okay.

[00:25:50]That's how easy it is. Pearl, is yours there?

[00:25:52]>> Well, mine says it transferred at 5:23, but it's not there yet. What time was yours, Jack?

[00:26:00]Uh I can check the history real quick.

[00:26:03]If it if Pearl if it registered it, it's just waiting on block confirmation.

[00:26:07]>> it like >> Yeah, just says It says pending. Oh, no, I was just going to ask you uh would you find it like on the main page? Like on where it says portfolio, holdings?

[00:26:16]Yeah, go to your portfolio. Uh I'm here now, and I don't I don't If you You got to curl down to Litecoin.

[00:26:28]Well, Jack, where are you seeing it at?

[00:26:30]If you don't see it in your portfolio uh because that it only shows in your portfolio if it's like fully sent in there. Uh if you go down to your left, you can see the history tab, and if you click on that, you can see if it's pending still or not.

[00:26:45]Oh. Oh, yeah yeah yeah, I see it now.

[00:26:48]Okay. It says crypto Yeah, crypto deposit. Cool.

[00:26:53]Yeah.

[00:26:54]>> Okay. So, you guys are ready when Now you guys know why I haven't done a wire transfer.

[00:26:58]>> Jordan, should we should we put up their Litecoin addresses for all the members to see and then people can just give them a little little little love. I bet if we put them We can if you want to.

[00:27:10]>> I'll put I'll put these up, but what we probably want to do is have them move it off then to a private wallet cuz we want to see Yeah, don't expose a private a public address like that on a for a brokerage account. I wouldn't. Okay.

[00:27:25]>> Just cuz you can get spammed.

[00:27:28]Okay, we won't do that then.

[00:27:30]We could we could always put up a separate one. When I first got into cryptos, the first time I I did a segment, I uh I put my public address up, and people sent me like they sent a bunch of cryptos to me. No, back in 2016, a couple pair of couple like a couple put an ad in the newspaper for their kids that here are we're starting a college fund for our kid. Here's a Bitcoin address.

[00:27:59]Anybody wants to donate can. People sent bit full Bitcoins like this is when it wasn't too much. Yeah, they sold their kid out for good. I don't know.

[00:28:06]Hopefully they had a kid, right?

[00:28:08]But, yeah.

[00:28:09]>> Yeah, they'll pay for college for generations now.

[00:28:14]Uh-huh. I'll have to ask my accountant if I can write that off.

[00:28:18]Yeah, and so yeah, that's for you, Dick.

[00:28:20]That's a gift. You might be able to write it off as a gift. For Jack, Pearl, and Javier, you're going to need to I'm not sure if Koinly and Brown said They might The system might do this for you. You might need to specify. They might ask you, "Where'd you get this from? How much did you pay for it?" You can say it was a gift. But, what it's going to do is it's going to track the price of Litecoin when you got it. And then if you do eventually go to sell it, say I'm I'm not even known the price right now. Say Litecoin's $100. You get $20 worth of Litecoin, which is what 0.1 0.2 Litecoin.

[00:28:52]You go to sell it say it goes up to 500.

[00:28:55]0.2 500 0.2 600 0.2 Say it goes up to $1,000.

[00:29:01]I think that Litecoin could be worth 100 bucks. Yeah, if you say say Litecoin goes to $1,000, you sell it. So, you got it at $20. You sold it at $200. That means you had $180 worth of capital gains.

[00:29:14]And if if if it if you sold it before what April 7th of next year, it'll be short-term capital gain. So, it'll be taxed at your normal tax income tax rate. If you sold it after April 7th of next year, it'll be long-term capital gain. So, depending on how much you make, it'll be anywhere from 10 to 20% on taxes.

[00:29:33]So, that's just the tax compliance side of things. It's a lot easier on exchange or Koinly and Brown cuz they do kind of do cost basis and stuff like that. If you're just sending it to private wallets, that's something you're going to have to track on your own or with a track crypto tracking software like a CoinTracker, and then report that on your exchange or your income taxes. Hey Jordan, are you seeing all the I guess it's like clickbait stuff on X.

[00:29:56]There are analysts that are showing the Bitcoin chart and they'll go, "Oh, this pattern is repeating itself from 2016 from 2020 to and this means guaranteed it's going to do." And then they don't tell you what it's going to do and they say Anytime anybody says guaranteed, like that's a scam word. Guaranteed.

[00:30:17]>> say they say, "I correctly called the top at 126 and I correctly called the bottom and this is happened every time."

[00:30:24]And then yeah, it sounds like we we use Fibonacci retracements and we like Michael talks very careful with his words. He's like, "It could go to here.

[00:30:32]Poten- has a potential if it has the same momentum." So, these cycles do repeat. We got fractals and all that stuff. We got monetary increases in money supply and whatnot coming down the pipe. But, it's not guaranteed for every asset, especially and so just be wary of that. But yeah, that's that's the way that they get clicks and they they generate hype for their their channels.

[00:30:51]They do. I'm I'm doing a segment with Marty Hibbs in 20 minutes.

[00:30:56]And we'll find out more, but what's your best guess uh Jordan? Is this we're we're going down a little deeper?

[00:31:04]>> [sighs] >> That's what all the analysts are saying, which is when I'm usually like, "Oop, that means we might go up." But, I'm also like seeing a little bit of difference between the Bitcoin and the altcoins just because the altcoins never had that great rally.

[00:31:18]They've been just so hammered. They're kind of holding flat. Even like Canton and the newer ones, especially like Canton, that that it won't go below 13 and a half cents. I'm like, "Dang it."

[00:31:29]Redstone, I really should have got it at 10 cents, right? So, you got these tokens that's what you start with periods like this when everything's really moving sideways or if there are altcoins that are still going down, there's a good chance that those are done. Like I'm like, "Oh, let's get out of that token cuz it's shit." But, if it's holding its its level or pops up, it goes back down, but it keeps There's something supporting it at a level that it's at. That shows signals to me that there's demand for it. And when the the full retail demand really comes, that's the token that could perform well. Well, here's the thing.

[00:32:01]Pearl and Jack and Javier have winning lottery tickets. They they have the tickets.

[00:32:07]The thing is we don't know when the lottery's going to be held and we don't know how much it's going to pay off, but those are winning tickets. They're that that is going to go up. I'm totally confident in that. At some point it's going to be fun. Yeah.

[00:32:23]Yeah. And just to finalize the conversation we were having kind of in between all this stuff.

[00:32:29]With all that information about Bitcoin, we ask the question, "Well, which tokens are most like Bitcoin that could potentially have that upside convexity moving forward?" The answers were Well, obviously number one is Bitcoin. Number two, Litecoin.

[00:32:42]It qualifies as no issuer, no foundation controlling monetary policy. It's a fixed supply, no yield or participation, no value capture roadmap. For those that don't know, Litecoin is a fork or copy of Bitcoin almost. It's just four times as many coins. It's a little bit lighter, so it's not as heavy.

[00:33:00]The block block times are faster.

[00:33:02]There's not as much stuff, just so it's faster, but it's a good payment option.

[00:33:04]It's really secure. It's never gone down.

[00:33:07]Uh why it's weaker than Bitcoin, lower social consensus, weaker monetary narrative, and less institutional gravity, but still structurally Litecoin is a secondary monetary commodity, not infrastructure. So, there is a long-term bid or reason why Litecoin will could perform well in the future. And just some other ones real quick, Monero, the privacy coin.

[00:33:27]We talked about that in our crypto mastermind sessions. Bitcoin Cash, which is a one of the most popular forks of Bitcoin. Zcash, which is another privacy coin.

[00:33:36]And those are the only ones that really listed as far as what is like Bitcoin is from a monetary sovereign monetary aspect. So, we got Litecoin, Monero, Bitcoin Cash, Zcash.

[00:33:47]Um if you really want to degen pick, I'd put uh DigiByte on there just because it's a low low low price proof of work token, but there's no guarantee that it's going to be good long-term. And one of the same and one of our analysis too, one of the stronger long-term con- contenders is actually Dogecoin.

[00:34:07]So, don't discount the D's, the DigiByte and the Dogecoin.

[00:34:11]Well, all of us hold Litecoin now.

[00:34:16]I assume you have some Litecoin, Jordan.

[00:34:18]Yeah, I've had Litecoin since I've had Litecoin. I bought Litecoin I bought Litecoin at $300 in 2018.

[00:34:25]I bought Litecoin for $25.

[00:34:29]I bought I bought a bunch.

[00:34:31]>> when Jason sold it for like $15.

[00:34:33]>> when Jason Litecoin he sold, I bought.

[00:34:36]Yeah. So, you guys that Litecoin I just sent you, now you now you know how to receive crypto. You got that and uh Oh, thank you so much. Yeah, compare that compare that with trying to do a wire transfer or go get something like Stellar or XRP and you hit send and it's like you hear it on the other side like right like that and it's it's confirmed. You're like, "Why the hell is anybody using a wire transfer anymore?"

[00:35:03]I I'm I was trying to send my money to myself from my business bank account to my private bank account and the bank is just like, "Oh my god."

[00:35:17]I just sent you all Litecoin and it took I just went and just pasted it in and went like that. It's just it's so easy once you realize it, man, that's the new system. Hey, I got to go eat lunch and do Marty Hibbs. Good to see you all guys.

[00:35:33]It's it's keep learning.

[00:35:35]Keep uh do I watch watch Pearl when Redstone goes ballistic. Watch it go. Watch it go to the moon. She's going to go up.

[00:35:46]>> If you guys come across any questions over the week, just jot them down. I'll also we can check here in the comments section on YouTube as well. If there's any questions that people want, we can address them potentially if they kind of fit into the narrative.

[00:35:57]>> Awesome.

[00:35:58]Yeah, I I actually wanted Redstone too, but I was like, "Should it's either one or the other, Canton or Redstone." So, I But, that did that wasn't a good buy.

[00:36:08]We're going to find out.

[00:36:09]I gig. Go go do an Uber for a weekend, right? Redstone.

[00:36:13]>> [laughter] >> They'll they'll all have their day. It's going to go good. You you just you just watch. Yeah. I know what's coming.

[00:36:20]You I you're going to be so excited when you see it happen.

[00:36:25]>> I love the analogy you did the other day with the dropper with the dam breaking open. I was like, "Yeah, that's going to be even just a little bit of that is going to be massive." Yeah.

[00:36:36]We're just going to ride the wave when the big money comes in and it's going to come in. They're they're maneuvering it right now. They're they're doing their thing. All right. Good to see you all.

[00:36:49]>> Jordan, I'll see you on Crypto Masterminds in a couple days.

[00:36:55]All right.

[00:36:56]See you next time.

[00:37:04]>> [music]