Bitcoin Golden Window: Livestream with Joey Sats Downunder

Added: 2026-05-31

[00:00:01]Alrighty guys, welcome back. We are here once again. The price is dropping. We're at 102419 here in Aussie. So, bit under the $103,000 mark. Creeping down to the $70,000 US dollar mark. Any thoughts, Zane?

[00:00:19]>> Well, I think it's a golden buying opportunity uh right now, Joey. I think it's this is uh as the saying goes, the time to stay humble, stack sats, uh zoom out, >> [laughter] >> and uh really appreciate what Bitcoin is all about. And just understand, you know, the legacy market does not know how to value scarcity uh at the moment. Uh but, that's going to change. So, yeah.

[00:00:47]Let's have a look at this graph here.

[00:00:48]So, what are we down in the last uh 30 days?

[00:00:52]>> Looks like we're around Oh, well, let's go 30 days. 1-month chart.

[00:01:00]So, should should have come down from what's that peak there? 113,000.

[00:01:06]100 Yeah, I mean >> It's 5% or something.

[00:01:10]>> Yeah.

[00:01:11]Pretty big. I suppose that's pretty big drop, I'd say, in a short period of time.

[00:01:15]Um but, even today, we just watched it kind of fall off a cliff here in the short term. Obviously, we don't We don't care too much about that if you zoom out for a 5-year, but um good buying opportunity. That's all I've got to say.

[00:01:30]>> Well, you can get a million sats, Joey, today for what? Little over a thousand bucks.

[00:01:37]>> Yeah.

[00:01:38]It's getting closer to that thousand-dollar mark, for sure.

[00:01:42]Um starting to look a bit more doable. I remember when it was 180 or nearly 190,000 last year, trying to tell someone a million sats is nearly two grand Aussie. I don't think they were too keen. So, now you've got it nearly 50% off again. So, definitely time to stack some sats, get get that bag before it rips up past all-time high because we know how this thing works and it breaks all-time high quite regularly. If you can look in those four-year marks for sure.

[00:02:12]>> Yeah, you know, when I first got here Joey, I just sit through a a brutal 83% drawdown over a 12-month period.

[00:02:22]And uh I mean, I say brutal, but it was actually it was it was gold, right? Because you have to do what's counterintuitive.

[00:02:32]You know, when you're buying into a new legacy asset, a new monetary system, something that is emerging, uh you have to do what's counterintuitive, okay? And like what we saw last year, um you know, in the running to October, you know, around this time last year, I mean, my my calendar was absolutely chock-a-block on a day-to-day basis with people.

[00:02:57]Um you know, super hyped about where Bitcoin was going because the narrative was you know, this thing's going to 100k, 150k, 200k, 250k, and everyone's like, I've got to get on this train.

[00:03:13]You know, uh it's going to the moon.

[00:03:16]And and this is what happens, you know, people get all caught up in the euphoria of trying to create more dollars.

[00:03:24]But those who understand Bitcoin, like you and I Joey, you were not going to sell it anyway.

[00:03:30]And as soon as you switch your mindset around this and you realize that this is a legacy asset, this is a new legacy asset that we're buying into, this is the future of money, anytime there's this kind of a retracement is is just a golden buying opportunity, you know? So, it's a mindset shift, but you know, the best investors in the world historically have known that you always do what is counterintuitive to the market. You know, whether it's the Paul Tudor Joneses or the Stanley Druckenmillers or the the Warren Buffett's, you know?

[00:04:05]This is where fortunes are created when nobody's paying attention, where everybody's checked out, right?

[00:04:13]Um you know, this is the time. This is the time and this is why I always say, you know, inside my community and anybody who I'm checking in with right now, um I'm just saying, you know, this is a golden opportunity. We're going to look back at this in next cycle, you know?

[00:04:31]2028 is essentially uh all things being equal, the four-year halving.

[00:04:38]Uh is is the next halving's 2028 and uh historically what we know is that pretty soon after that, Bitcoin [clears throat] goes on its next leg up.

[00:04:48]So, so all I've been really saying, Joey, over the past sort of month or so with everybody is just stay cool, keep learning about Bitcoin fundamentals, um use this opportunity to stack what you can as best as you can, learn about self-custody, make sure you're taking your Bitcoin off exchanges, off brokerages into self-custody, and I I just look to the future and just and just keep going because this is a this is a transformative monetary reset that we're going through and the legacy systems up [ __ ] creek without a paddle, right? Because it's falling apart. We can see that left, right, and center and this is why all this chaos and anxiety and all the stuff going on right now, everybody's screaming at our at our captors, right? Like Jeff Booth says, you like you're in this prison at the moment. Everyone's screaming at their captors.

[00:05:44]Government, central bank, you know, inflation, everyone's just losing their mind.

[00:05:51]Not realizing that the prison door is still ajar. There's still an option to actually exit exit the the prison to get off the sinking ship, but most people won't pay attention unfortunately till it's too late, mate.

[00:06:05]>> I think a lot of people come in when the bull runs ripping, all-time highs ripping, and that sort of sucks you in with the you know, price going up, but price going down is when you build conviction, and that's your chance to really lock in what you first fell in love with.

[00:06:19]And then obviously just continue to build on that as the bull run sort of comes around the corner.

[00:06:24]And so, we don't like being price focused, but it is kind of the topic of of today understanding that this is such an opportunity. This is a golden opportunity if you weren't already in Bitcoin because you thought the price was too high, there's really no excuse now, and you don't want to be really trying to time that bottom because the bottom is really just a range of price. It's not one price. It doesn't just hit that price, and then bang, that's the bottom, and good luck trying to time that because that might take 1 second to reach that number, and then it's bounced back up from there.

[00:06:54]So, you got to treat the bottom as this range. Anything that's dropped from one of all-time highs is really the beginning of the next bottom.

[00:07:02]And so, I loved as soon as I see Bitcoin dropping from last year's all-time high, I treated that whole time as a range, and I've just been stacking a lot more than I was when it was at all-time high.

[00:07:13]So, um definitely a good opportunity.

[00:07:16]Buy as many satoshis as possible before it continues to rip upwards.

[00:07:20]Um and yeah, I think you'll be shocked as all-time highs come around how much you stacked and how much that will grow into for sure.

[00:07:28]>> Yeah.

[00:07:29]And Joey, I think it bears repeating here that buying sats now is buying into the future of money.

[00:07:39]And I don't think we can emphasize that enough.

[00:07:42]You know?

[00:07:44]Yeah, most people still see Bitcoin as a trade and they're still thinking in terms of dollars and it's human nature, it's understandable. We still operate in a fiat system.

[00:07:54]And that's not going away anytime soon, right?

[00:07:58]But there's no stopping where Bitcoin is going. I mean, you know, people like Jack Dorsey who see the future before it arrives who are supremely gifted in terms of technology and and and you know, creating tools for the future and all of that. I mean, you know, he he was the founder of Twitter for heaven's sake, right? He ended up selling it to Elon Musk for billions and now he's he's got this new project, you know, Block, Cash App, Square.

[00:08:29]And I you know, I was just in in Vegas a month ago, you know, and and the infrastructure that is being built that is going to enable this peer-to-peer uh transition where people can start spending and replacing in sats. I mean, that's a lot closer than people think.

[00:08:48]You know?

[00:08:49]>> Yeah.

[00:08:50]>> I mean, at its core Bitcoin is a currency and I know the establishment thinks of it as a as a store of value, right?

[00:08:58]You know, and and it's it's property. Um but Bitcoin is unique. I don't quite know that they really understand how to assess it at all because it's it's a currency at its core. All right? It's just that how they Yeah, [clears throat] it's how they're treating it is is a store of value, you know, like property.

[00:09:17]And that doesn't have the >> a commodity, trying to make it an asset, but it's so much more than that. Like it gives freedom to 8 billion people, not only in property rights, but the ability to transact one another bankless. So, as long as you have that Wi-Fi connection, spin up a wallet, and suddenly you're in this global economy.

[00:09:35]You can't do that with the Aussie dollar. You hit a wall very quick as you try and transact. You have to exchange currencies.

[00:09:41]Um and imagine you someone that's in Africa that is completely bankless or they're in hyperinflation.

[00:09:47]What do they do? They start onboarding Bitcoin not as a store of value, but literally as a medium of exchange.

[00:09:53]And so it will catch up to the Western world for sure. We're enjoying our Apple Pay and we're enjoying our credit cards and our loans, but it's going to catch up and people will realize, "No, we need some Bitcoin. We need to be able to transact globally."

[00:10:05]Sort of pretty much private in that sense that it's just a number of uh letters, numbers. It's no longer just your name written somewhere as a bank with all your verification details.

[00:10:16]So Yeah. Oh, I love Bitcoin as a currency. I love Bitcoin as money. It's not just this glorified asset or new commodity on the block. It's something completely different.

[00:10:28]>> You [snorts] know, this is this is the then they fight you stage.

[00:10:35]Right? You know, in great transformational technology that we have, there is inevitably a legacy system that does all that it can to create as much fear and anxiety and doubt in the average person as to the lack of merit around that new technology. This is where we are now and this is why people in Bitcoin now are they going through this they're double guessing themselves.

[00:11:07]They're going through a phase where they're starting to question, you know, they're worried about everything around it, you know, because they they're not they're not tuned into what Bitcoin is.

[00:11:17]Bitcoin is actually the solution to all this this anxiety. It was why it was created so that we can live in peace.

[00:11:25]You know?

[00:11:26]And everyone's freaking out because they're saying, "Oh, [ __ ] my Bitcoin's at risk. All these new regulations, all this stuff.

[00:11:34]But, you know, this is this is what Bitcoin is about. Bitcoin enables you to be a sovereign being. It enables you to have agency.

[00:11:41]And if only people could tune into that uh that messaging, you know, rather than worrying about what's going on in the legacy system. As Jeff Booth says, the two systems can't coexist.

[00:11:54]You know?

[00:11:55]>> Yeah.

[00:11:55]>> One One is all about >> give up.

[00:11:57]>> Yeah, I mean, what one is a completely centralized uh infinite system of currency with no checks and balances that funds the war machine.

[00:12:10]Right, and drives uh nothing but hardship and a growing wealth gap, and you know, ruins societies and countries through hyperinflation.

[00:12:23]Right? That's one system.

[00:12:25]And the other system brings back hope and prosperity to 8 billion people.

[00:12:30]>> Cool.

[00:12:30]>> And this is what Bitcoin really is, you know? And And I think we're going to go through a little mini revolution here where people are really going to start to wake up and realize this is why Bitcoin is hope, because Bitcoin ultimately is is the way out of of this [ __ ] fight that we're in right now.

[00:12:52]>> Yeah.

[00:12:52]>> And as Bitcoin as people have Bitcoin and they they have Bitcoin in self-custody, and they're doing this right, you know, you've only really got one job to do, and that is to to just hang on and and and not lose your Bitcoin.

[00:13:06]>> Yeah.

[00:13:07]Yeah, I thought we'd just chat about that.

[00:13:09]>> Yeah.

[00:13:10]>> Oh, you got >> I saw Troy there. Troy was there. He was saying this is where conviction is.

[00:13:15]Yeah.

[00:13:15]>> Yeah, this He said, "This is when we find out who has conviction. It could go lower September October?" {question mark} So, I think he's asking our opinion.

[00:13:24]Are we going to see continue to go low for September October? Um I'm happy to kick that one off and just >> I had to say let me know your Let me know your thoughts.

[00:13:35]>> Yeah.

[00:13:36]Um I want this buying opportunity to continue. I would be shocked if we reach all-time high September, October and we only had 12 months to stack before the next giant bull run and leg up.

[00:13:48]>> [gasps] >> Um and so I hope that price stays suppressed and you can say, "Oh, there's manipulation involved and there's this and there's the war and there's Michael Saylor potentially selling and there's all these fud things." But at the end of the day, Bitcoin stays the same.

[00:14:03]And so I'm going to buy as much as I can and I hope that buying opportunity continues.

[00:14:07]But do I actually think the price could go lower? Yeah, I think the price could go lower. I don't think 40,000 US is on the the cards, but I think something like 58,000 is on the cards. But once again, it doesn't affect me and it doesn't I don't plan my life around it dropping more or going up more. I just buy as much as possible and get as many satoshis as possible. I think you're the same, Troy, after having a few conversations. Um you're just buying as much as you can when you can.

[00:14:33]Um but in the short term, I'm really not fussed and I'm not telling anyone wait for further dip because that's a dangerous game. I'd rather say buy as much as you can and ride this one out.

[00:14:44]What are your thoughts, Zane?

[00:14:48]>> If you want to save yourself anxiety, you just have got I've got to play the long game here.

[00:14:55]Right? Any day is a good good day to stack sats. Now, obviously, you know, when everybody's piling in to Bitcoin like we saw in October last year and they're chasing green candles and they're you know, your Uber driver's talking about buying Bitcoin, right? Then that's probably a time maybe to just be being cautious.

[00:15:18]Okay? Cuz maybe there is is chance that we're in for a bit of a bit of a retracement. We know how Bitcoin behaves. It is a very volatile and wild ride.

[00:15:28]But, this this is the thing about it. It's going to test your conviction. You know, the people who bought Amazon in 1999, they went on a pretty wild ride.

[00:15:40]And there are not many that went the distance.

[00:15:42]Now, I'm not suggesting that we're going to be sitting here waiting 25 years to win here.

[00:15:49]Okay? Because I think everything points to the fact that this debt by system is right at the end now. I mean, we're seeing more signs of that than ever before. And we're in the technological age now. I mean, you know, Bitcoin is a is tech.

[00:16:08]Bitcoin and AI really are best friends, right? All of this that we're seeing right now is hyper acceleration towards this this digital future that you know, so no, it's not going to be 25 years. This is This is going to be condensed into the next five.

[00:16:26]But, you can liken the opportunity that we have right now to the opportunity of buying Amazon, right? In 1999 in the sense that if you can just zoom out and hang on, allow all of this chaos to play out, and to just keep stacking, connecting with And this is one of the big things, Joey, I think that is going to keep most people on the straight and narrow through this chaotic time is the connection with like-minded people.

[00:16:57]Not trying to do this on your own.

[00:16:59]Right? That's why I've got my Bitcoin Success Circle community, mate, because you know, we we When we started that training, module number one was nothing to do with price.

[00:17:13]Module number one was all about mindset.

[00:17:17]Module number one was all about fundamentals.

[00:17:21]Right, understanding what we're actually buying here.

[00:17:25]Understanding strategy, understanding time horizon.

[00:17:29]You know, and and and having a plan and playing the long game and you know, having a low time preference and and all all the stuff that is really what makes the mindset of a Bitcoiner.

[00:17:45]Right, and then building a community, a citadel of people who all have that similar mindset.

[00:17:52]And as things get more and more chaotic, as they're going to do, we need to be leaning in more and more and more. This is why I love doing these Thursday live streams with you, mate, and other things that I'm doing. I've got two webinars teed up next week with with Bisha >> Yeah.

[00:18:08]>> from Storm Right, one on Wednesday evening, one on Friday morning, and you've just got to stay in the right head space and then and keep educating the community. People need education right now. They need connection, they need community, they need education.

[00:18:23]>> Yeah.

[00:18:23]>> Um so mate, they're the things. And and I think in all of that, price is the least important thing.

[00:18:32]Price is the price, but ultimately, if you can buy a million sats today for what?

[00:18:39]70 $750 >> [snorts] >> for a thousand Aussie?

[00:18:45]>> Yeah.

[00:18:46]>> 7 720 US.

[00:18:48]>> That's a gift. And I know that we're going to get to 2030, look back at this time, and we're going to say that was the time.

[00:18:54]That was the time where I really should have you know.

[00:18:58]>> We're incredibly early. I I like Jack Booth, you can compare it to Amazon and Apple and things like that. Like when was the best time to buy Apple, you know, was it you know, 5 years ago, 10 years ago, 15 years ago? It's It's the day that it was released and every day since. Like, it's breaking all-time highs year after year. But then you can also compare it to another protocol, the internet. Imagine you could have bought a percentage of the internet back in the days. Like, how bullish would you have been on the internet if you knew where it was going to go and get a piece of that future? That's how I see Bitcoin as the next protocol for money and sound money. And so, being able to buy even a piece of that is a privilege, and I feel so lucky to be alive right now.

[00:19:38]Understand what it is at my age, buy as much of it as possible, and sit on this honeypot for probably the rest of my life and my kids' life.

[00:19:47]That is like the opportunity. That is the time to do it, 2026.

[00:19:52]It's not waiting next year for another drop. It's not waiting for the next bull run.

[00:19:57]All that does not affect my plan. My plan is to get as much as possible, especially for the next 10 years. And in 10 years, I'm 32, Zane. Is that old? No.

[00:20:07]So, in 10 years, you got to start working in these big chunks of time, not day-to-day, not year-to-year, not even 4 years. Like, I'm looking 10 years, 20 years. I'm trying to build as much as I can because I understand this is not just a technology. This is the protocol you're going to want to buy into, and you actually have the ability. A lot of protocols get gate-kept and hit like stuck away from you. Like, look at the oil industry. When that actually got commercialized and when that got standardized, there was a monopoly on oil, and that's the reason that those those brothers were the best of the best because they had the monopoly.

[00:20:43]Look at Bitcoin. You can't monopolize something like this. We can all get a piece. You can all get a chunk of the future.

[00:20:50]And that's what I love about it. I love that. That is so empowering for a young person like me, understanding that I am on the next train, the next train that's going to win, and the fastest horse to bet on. So, um I just wanted to chuck up this guy's comment and wanted to share your thoughts cuz I don't think we've covered this either. He said, "Hey Joey, anyone uh uh any way you could any way you could discuss the possible implications if Satoshi was to rug pull all of his million Bitcoin, pretty much?"

[00:21:18]Do you have any thoughts on what would happen if Satoshi came back into the picture, or maybe his wallet got hacked, and a million Bitcoin was sold just like that?

[00:21:29]>> Uh well, it's not going to change the protocol itself, but certainly it it would throw a spanner in the works, but I think if that was going to happen, it would have happened by now.

[00:21:40]I think the general consensus is that that that million uh Bitcoin, or whatever it is that belongs to Satoshi, or in that wallet that's laid dormant for what, 16 years, it's not going anywhere. And look, there's a general thesis that that Bitcoin uh the only risk is that that Bitcoin could be potentially, if there was to be any kind of a quantum style of threat to the network, it Bitcoin like that that can't be moved, that's locked in in a particular um set up, you know, from from back then. I mean, Bitcoin custody has evolved quite significantly since since 2009. So, that that Bitcoin could potentially uh be the subject of attack.

[00:22:37]But, the gurus that I've listened to on this particular topic, and there was a whole panel of them in Vegas, um are of the view that that's that's just not likely to happen.

[00:22:47]And there is so much incentive and so many eyes on the network.

[00:22:51]Now, this is the power of a decentralized protocol that is becoming more and more decentralized and more and more secure as time goes on.

[00:23:01]Because every day we had more node runners that are protecting the network.

[00:23:08]Right?

[00:23:09]And miners and you know, there's a there's a lot of incentive structure inherently built into a decentralized protocol that that is protecting the network.

[00:23:19]You know, and this is why Bitcoin has never been hacked.

[00:23:22]This is why it's never been co-opted by by government.

[00:23:27]I mean, people say things like oh, you know, say you know, got 820 or 30,000 Bitcoin now. What's going to happen if he just keeps buying? Well, he's just going to keep buying because the average person like you and I dumb enough to give it over to him.

[00:23:49]Right?

[00:23:50]That's what's going to happen. So, yeah, the the there's going to be a shift in terms of ownership.

[00:23:56]But, it's not going to change the network. It's not going to change the protocol. It's not going to change how Bitcoin works.

[00:24:02]So, everything that we're seeing right now is just it's all narrative. It's all you know, we know that big players have an ability to manipulate markets so that they can get what they want.

[00:24:13]Right?

[00:24:14]Now, everything would suggest that Bitcoin should be trading in terms of fiat dollars a lot higher than it is now. And if the world knew what Bitcoin really is, it would be it'd be more it would be already sitting at a million bucks. But, the truth is that people don't know what this is.

[00:24:30]And guess what?

[00:24:32]Institutions, Michael Saylor, Wall Street, BlackRock, they're delighted.

[00:24:37]Why? Because they're able to fill their bags, right? At at at these prices.

[00:24:45]And retail's not here.

[00:24:48]But, smart retail is here because smart retail is just quietly, methodically in the background just just stacking stacking. They're doing the same that the smart money's doing and that's just adding to their position as often and frequently as they can.

[00:25:05]So, that's my kind of take on that. You know, I hope that kind of answers in some way. I'm not an expert on you know, the risk associated with Satoshi's coins and what that might look like. I've just heard very various takes on it and the general consensus is that if any coins were to be at risk, it could potentially be that you know, that that early stack that that hasn't moved. And I I don't think it's just Satoshi's. I think there's some other Bitcoin that hasn't moved for you know, around >> bags of around 100,000 200,000 as well of OG whales that are from 2010. Yeah.

[00:25:44]Um, I was just going to add to that comment.

[00:25:48]I've now got to the point I was initially all fearful of that as well when I first got into Bitcoin. I thought this guy's holding the bag. Don't know who he is.

[00:25:56]All the fun that comes around this anonymous character.

[00:26:00]Now I've gotten to the opinion that even if that money even if that Bitcoin came back online, it would not affect anything because the reality is all that Bitcoin would would be absorbed into new hands which gives us all an opportunity to get a piece of it. So, it would be slowly divided whether that's in institutions or whether that's retail.

[00:26:19]It would get sucked up ridiculously quick.

[00:26:22]On top of that, he wouldn't Whoever gets access to it whether it's the original Satoshi or whether it's someone hacking the wallet, they would not be able to sell a million Bitcoin in one hit.

[00:26:32]By the time they get to it, imagine Bitcoin's a million dollars. A million times a million. This is liquidity that's not in the market. The slippage, the liquidity slippage for a sell order like that, he would click sell and he would end up selling probably a $5,000 Bitcoin because the the would be so broken and with not enough liquidity that he would end up selling all the Bitcoin under price. That's how these markets work. If you've ever been in meme coins or crypto, which I was into Bitcoin before, if you try and sell your entire bag and you have a high percentage slippage, it's it's basically the price that can slip in your order. So, it gives the order the ability to sell lower or higher with your permission.

[00:27:13]If you do all of it all at once and you're holding a big bag of a meme coin, you'll end up selling it way less than you think it's going to be worth cuz by the time it gets into the market with the right liquidity, it's not it wasn't enough for that big bag initially. So, a million Bitcoin at even at these prices cannot be sold on the market today. This is why you've got Michael Saylor, who also can't buy a million Bitcoin in one hit.

[00:27:40]Even if he had the money because it would send Bitcoin's price through the slippage through the roof and he would end up buying a million-dollar Bitcoin even if it was for a second before it came down.

[00:27:51]And that would screw him entirely. So, this idea that someone's just going to pull the rug under Bitcoin, whether it's the ETFs, whether it's Michael Saylor, whether it's not even possible to do it in a short period of time. They would have to pull the rug very, very slowly.

[00:28:06]And by then, people have already caught on what's going on and then you can prepare in a different way. So, we're not going to get an overnight message, Michael Saylor has sold nearly a million Bitcoin. Satoshi has sold a million Bitcoin. BlackRock. It's not actually even possible in the market. There's not enough money floating around ready for those sell orders or even those buy orders. So, this is where we say sudden uh gradually then suddenly because at the end of the day, Bitcoin does have to move slow. It can have massive bull runs and it can have massive tear downs. This is why Bitcoin can't go to zero tomorrow and this is why Bitcoin can't go to 10 million tomorrow because it takes time to get there.

[00:28:42]Um I was just going to add that to that comment because it's not even possible in a short period of time.

[00:28:48]>> Yeah, but we're still think we're still thinking of it in terms of financial markets at the moment. Like that everything around what Joey's just mentioned, which is spot on everything you're saying, Joey, but that's the current situation.

[00:29:02]Right? Like we saw I think it was maybe 3 to 6 months ago there was there was a big sell. I think it was about 1,000 Bitcoin or something in in one day that went from a while. It might have been more than that, but it was it was it was a significant amount. Didn't shift the market at all.

[00:29:20]Um, you know, and so we just got to keep all this in mind, but but this this mindset around uh you know, liquidity and all that, like there's going to come a time where it's actually not going to matter because everything's going to be priced in sats anyway.

[00:29:37]That's what I think.

[00:29:39]Now, I'm not saying tomorrow, but it could be could be a decade from now.

[00:29:44]I mean, this this legacy systems it's it's a powerful beast, right?

[00:29:48]This fiat system, like it's going to hang on for dear life. There's there's there's there's a hell of a fight coming up for it to maintain its its relevance.

[00:29:58]Right? But how long before people just put their arms in the air and just say [ __ ] this, I can't function any longer.

[00:30:05]I mean, we're getting close to that.

[00:30:09]We're getting close.

[00:30:10]>> Yeah.

[00:30:11]Yeah, it does have to break.

[00:30:13]>> we're we're not we're not far far off.

[00:30:15]Okay?

[00:30:17]And and and this is this is what happens when you kick the can down the road.

[00:30:23]Right? When you keep a terminally ill system on life support for too long.

[00:30:30]>> And eventually it has to die.

[00:30:33]>> Well, she she died she died she died in 2008.

[00:30:37]This baby.

[00:30:38]>> And they brought her back.

[00:30:40]>> But they've kept it on life support.

[00:30:42]They've They've kept this cancer patient on life support for 16 years.

[00:30:49]>> And then tried to die in 2020 and they brought it back again.

[00:30:53]And then now it's tried to die again and it's it's just going >> There's a There's There's a lot of tubes stuck into this cancer patient.

[00:31:04]>> Everywhere everywhere possible. Not just Not just through the nose and mouth.

[00:31:07]Every hole possible.

[00:31:08]>> Right. Every orifice and then we're and then and then they've created more orifices to stick in the nose.

[00:31:15]>> picture You know what I picture?

[00:31:17]I picture this patient hooked up to all these tubes and all the machines and they're this huge obese fat bloated person. Like you can't even comprehend.

[00:31:28]It looks like a monster.

[00:31:30]10,000 kg person. You can't even imagine it. And they're just keeping it alive.

[00:31:35]It's so bloated, so broken, so messed up.

[00:31:39]Shouldn't even exist. Should be dead.

[00:31:41]Dead in the water.

[00:31:43]And that's kind of what I imagine the system is just this huge almost disgusting looking monster because that's the picture it paints when you realize it should have died a long time ago.

[00:31:55]>> Some other good comments here.

[00:31:58]Slide reckons we should get a John Deere sponsorship.

[00:32:01]>> Yeah, I'll chuck that up.

[00:32:03]>> [laughter] >> Um I've seen someone comment about some crypto coins. So we'll just jab them out a little bit.

[00:32:10]>> Solana?

[00:32:10]>> So should Should I swap out all my Solana for Bitcoin? Should have done that a long time ago.

[00:32:15]Um non-financial advice. If I was holding that bag, I'd want to get rid of it as soon as possible because what is Solana versus what is Bitcoin? And um I think if you've been listening to us long enough, you know where we stand on that. Thoughts, Sam?

[00:32:31]>> Yeah, I mean it's it's You can't compare the two, but I understand why the question from from Big Wheel. I do get it because people who are in crypto who are starting to think twice about why they went into crypto. I mean, the reason they go in there because they want to they want to moon back, right?

[00:32:48]They want to They're not happy with a two or three or a five X.

[00:32:52]All right? They're not They're not here to participate in the a new monetary revolution. What they're here to do is to create more more more dollars.

[00:33:02]All right? Because it's like gambling.

[00:33:03]They're trying to get ahead and they think that one of these coins is going to get them a 100 X or a 1,000 X. All right?

[00:33:09]>> Been there, done that. That's all I'm going to say.

[00:33:12]>> And then they can swap it all into Bitcoin and they're going to have a lot more Bitcoin than they could have bought had they just [snorts] bought Bitcoin in the first place.

[00:33:21]But unfortunately, it's it's not that simple, right? And you know, I've I've spoken with many many people who have tried to do that in practice and uh and they just haven't been able to pull it off and even some of the best traders on earth haven't been able been able to pull it off.

[00:33:40]And so I I can't answer the question uh other than to say if it was me, I'd be I'd be would have been doing it yesterday.

[00:33:49]Um you know, I just think the value proposition for Bitcoin when you understand it uh is you you're owning the future of money.

[00:33:59]You know, and you're owning a piece of a protocol like Joey said. And so if you can bring that mindset into your uh into your framework of of how you see the future, um you know, what do you want to bet on? Do you want to bet on a decentralized protocol without an issuer or do you want to bet on a a crypto that really hasn't proven itself and has a CEO and you know, they can create more of it whenever they like. It's not decentralized. I mean, you just got to ask yourself these questions and draw your own conclusions, really.

[00:34:39]>> Yeah, I've um I just wanted to add like I've been in your spot, Will, and I think we had another I'll chuck that guy up talking about HBAR. I know what HBAR is well, never held that one, but basically, I was into crypto 3 4 years leading up to my Bitcoin era, and it is so hard to get rid of the bag, whether you're in a bull run or whether you're in a bear market. For whatever reason, psychology kicks in, and all you want to do is be left holding the bag.

[00:35:08]You get so passionate, so caught up in these cryptos, you think you're part of the community, you think they chuck these big buzzwords out, and it sucks you in. And even when things are ripping, like I had a huge portfolio of crypto coins, and it would have been the best time to sell and swap for Bitcoin, but what did I do? I held the bag until it was worth significantly less, because it was so hard to detach myself from the idea, from the potential hype that could happen.

[00:35:35]You know, they're doing a DeFi split chain, again AI involved, the CEO has changed, they're doing, you know, a Uniswap or something.

[00:35:43]There's always going to be that next thing that could send it to the moon, and it's just going to tie you to that coin. And it's possible some of things these things could absolutely rip, like you can comment later, it did a thousand X and you told me to sell, and that's why I can't tell you to sell or or to buy Bitcoin, but I was in your shoes, and eventually I just had to pull the plug.

[00:36:04]I sold all of my crypto, don't hold any crypto, and I just have Bitcoin because I understood where it was going. I wasn't just in for the short term. I fell in love with the proof of work, not just in Bitcoin, but the idea of trading my time and energy for money, the Aussie dollar, swapping it for Bitcoin, and saving it for the long term. That wasn't my mindset in crypto. My mindset was, can I get rich tomorrow? Can I get rich in the next 24 hours?

[00:36:27]Can I buy and sell and trade this thing, trigger multiple capital gains tax? I don't even want to know if the ATO man is coming for me. But it's such a complicated cobweb of owning a thousand different coins. Trying to watch each and every price, putting $50 in every coin that you can see because it was the biggest gainer of that day.

[00:36:46]Mentally, I haven't felt so freed leaving that system. That's the legacy system. Get rich as fast as possible for doing next to nothing.

[00:36:56]Left that, plugged myself into something that requires work, requires the conviction, and requires the drive to lock as much of this as a honey honeypot in self-custody.

[00:37:08]Not only for 10 years, 20 years, but for my entire life. It's a completely different mission that you're playing.

[00:37:12]So, I just wanted to add that.

[00:37:13]>> Mhm.

[00:37:15]And a lot of people struggle with that, Joey. You know why?

[00:37:19]Because it doesn't speak to their natural urge as a human being to want it now.

[00:37:27]>> Oh, yeah. Long-term preference.

[00:37:28]>> Because we because unfortunately, we are in a instant gratification society. Everybody wants a 100x tomorrow.

[00:37:36]Okay. Why? Well, it sounds easier.

[00:37:40]It sounds easier.

[00:37:42]But you've got just as much chance as as winning the Powerball numbers tonight.

[00:37:49]You know?

[00:37:50]So, I mean, you you just got to you've just got to really ask yourself these these dating game questions. Like, if you're if you're if you're in crypto, you got to ask yourself why.

[00:38:04]And you know, is it just to create more dollars because you need to get ahead?

[00:38:09]Or you really here because [snorts] you can see the world's falling apart and and you need to get on a life raft.

[00:38:19]Right? Because you You can see where the world's going in in the future for you needs to change. Now, that if you get on a life raft you're you're out you're out in the middle of the ocean, right?

[00:38:32]The seas aren't calm, they're choppy.

[00:38:36]And so if you get on a life raft off a sinking ship, you you've made a a significant really important step.

[00:38:43]But don't think that the road to freedom is going to be nice plain sailing, nice calm seas because it is going to be a little choppy.

[00:38:51]But just keep telling yourself that you're on the right path. You you will get to freedom. You will escape the sinking ship.

[00:39:01]But the road to freedom to the island is going to be a little choppy along the way.

[00:39:06]You know, and you won't get that with crypto. You're just going to be constantly crippled with anxiety looking at the charts.

[00:39:15]Like you said, Joe, you're going to sell it. Even if you do make money, you now going to go and you know You got a tax problem. It's just It's just a whole bunch of [ __ ] you don't have to worry about. Meanwhile, Bitcoin is repricing it anyway.

[00:39:30]>> Mhm. It's destroying absolutely destroying >> Well well well well maybe not in the last 12 months or the last 6 months. If you know, maybe something like an H-bar or >> in the 6 months. I'm sorry, but like unless you're holding the lucky coin, you are most likely down 99%. Like I keep an eye on crypto and all the big players are getting obliterated. You know, for example, I bought an I bought an Ethereum in 2021.

[00:39:54]>> Can you Can you Can you bring up a chart? Can you bring up a chart for Damian there? H-bar or Bitcoin in the last 12 months? I'd be curious to know.

[00:40:02]>> I'll give it a crack.

[00:40:03]>> I mean, it's not it's not relevant to the big picture, but just kind of speaking to his decision-making, maybe it would satisfy where Damian's at and the head space he's in.

[00:40:17]>> Let's see how this goes.

[00:40:20]>> Let me check the comments.

[00:40:24]>> I think this is the right one.

[00:40:28]This feels like we're absolutely just crapping on the guy, but we're not.

[00:40:32]We're just trying to tell you Bitcoin is >> No, I'm just trying to You know, and that's that's the mindset, you know? I mean, where where did You can call us hardcore Bitcoin maxis, whatever you like, guys, but we're just >> here to give you the truth. That's all. And sometimes the truth is a little bit hard to digest, but >> So, this is >> to just make your life easy.

[00:40:55]>> I've done max, so this is giving me the max history. So, we can look down here.

[00:41:02]Price of the HBAR, I'm not even going to try and read that number out, but so low 2021 goes on a massive bull run.

[00:41:10]I remember this old coin market. I was involved in this.

[00:41:13]2021 it peaked. And look, since 2021, we're 5 years later, almost.

[00:41:19]Look what you've done. You've held the bag.

[00:41:21]>> Just Just do it. Just Just swap it around, Joey, so you got Bitcoin to HBAR up top.

[00:41:27]>> Oh, yeah.

[00:41:28]>> So, put one Put one Bitcoin >> Um I might just have >> on the left. So, convert Bitcoin to Hedera.

[00:41:36]>> [sighs] >> Um >> Where's that converter?

[00:41:41]>> Yeah, I don't think I can go >> Just Google it. Just convert convert um >> Uh Bitcoin to HBAR. Try this one.

[00:41:58]Not sure what's going to load.

[00:42:07]>> [laughter] >> Okay, I don't know how to set this, but zoom out.

[00:42:17]>> I'm looking at a chart right here that basically tells us that in the last 6 months >> Oh, yeah. This is only very recent, but yeah, 6 months >> It's down 30% down 34% in the last year.

[00:42:30]At 5 years down 82%.

[00:42:32]I hate spot of Bitcoin.

[00:42:34]>> 5 years far out.

[00:42:37]>> So, you would have been just better off saving yourself the stress.

[00:42:42]>> Yeah.

[00:42:42]>> And um and just just just just play it just play the long game.

[00:42:50]Learn about self-custody.

[00:42:52]Getting your money outside the system.

[00:42:55]Um people just save themselves so much stress if they just focus on that.

[00:43:02]You're welcome, Daniel. I hope I hope that was helpful.

[00:43:06]>> Yeah. And I've had to watch multiple friends that I probably got into crypto continue to hold the bag as I was jumping ship. And they're like, "You got me into this and you're going to leave us. You're going to do Bitcoin only."

[00:43:20]And I said, "Yeah, you should, too."

[00:43:22]And it's been a number of years since and I've heard how their portfolios are going and it's not looking good. Whereas even with the recent drop in Bitcoin you know, my portfolio, whatever you want to call it, my stack is just continuously growing. And so, obviously, I'm I'm contributing to it on a weekly basis, but on top of that, over those years, its price has [snorts] appreciated.

[00:43:47]And as Bitcoin will creep up to that next all-time high, what are you going to want to be holding? The altcoins that you're hoping for an altcoin season that make a return that have to jump back up and and and try and get back that 99% of value and then grow even more? Or do you want something that's going to blast through its all-time high no problem, no problems.

[00:44:08]And drag into the future. So, it's just two different games, really.

[00:44:13]>> Yeah.

[00:44:15]Hey Joey, we're we're building a little a little following here on these Thursday live streams, mate. I want to thank all of you guys for showing up.

[00:44:22]That's I think our first one 2 weeks ago, was it 2 weeks ago or 3 weeks ago?

[00:44:28]>> I think we might have been 3 weeks ago.

[00:44:30]>> I think yeah, I think we started with maybe four on the live stream and we're we're up to uh got a nice following. So, thanks guys for showing up. It makes it great when we can engage with you and figure out what's on your mind.

[00:44:45]We got Matt and Bobby, Two Kind Minds, shout out to Two Kind Minds, a great new podcast in the Aussie Bitcoin space from a awesome couple in WA, Matt and Bobby. How many people have you helped after panic selling, Zane? Uh Look, there's been a few.

[00:45:04]There's been a few.

[00:45:06]Um you know, most of them have taken some time to reconcile uh what they've done. In this cycle right now, there's nobody has come to me who's gone and sold, you know, in the last 6 months. You know, I mean, there are people in previous cycles who I met with, you know, last year um as an example, who, you know, were here in the last bull run and then when Bitcoin dipped, you know, they sold and and now they're resurfacing and saying I should never have done that. Um but that I haven't had a conversation like that for probably uh I'd say 9 months.

[00:45:49]Um but right now, I mean, I know people who who who who came in at over 100k US. I know people who bought up to 120k.

[00:46:01]Um you know, there are people yeah, there there are people I know who who who've done that, but uh even though, you know, it it it it hurts a little bit, uh I think for the first little period just to to to reconcile that in your mind and and and to really build your conviction. First cycle's always tough.

[00:46:23]You know, it the first cycle you're in Bitcoin is always tough because it really forces you to uh to peel back the layers of the onion and and really study Bitcoin.

[00:46:34]And and but if you can tough it out, if you can grit your teeth and tough it out that first cycle, it just builds a level of resilience and understanding um that you're not going to get if you if you run for the hills.

[00:46:48]You know, and this is why, you know, I I I just keep saying, you know, there's only three things you got to do.

[00:46:55]Study, stack, secure.

[00:47:00]Three S's. Study, stack, secure. And I'll say it till I'm the day I die, Joey.

[00:47:08]It's it's that simple. Study, stack, secure.

[00:47:12]>> Mhm.

[00:47:12]>> You you never catch me telling anybody to go and buy Bitcoin unless they've done 10 hours of study.

[00:47:19]Now, some some say you got to do 100 hours, but I don't think you need to.

[00:47:23]What I think you need to do is you need to read a book.

[00:47:29]Bitcoin Standard by Saifedean. That was the first book I read. Now, for some people, that's that's a bit heavy uh as a first read.

[00:47:37]The Big Print by Lawrence Lepard.

[00:47:41]Um I'll tell you what, there's a there's a phenomenal book out there that I encourage everybody on this live stream to to check in. Uh I read it about 3 years ago and I recently picked it up again.

[00:47:54]Um I I it's called it's by Jason Pardon the French, but it's Bitcoin hard money you can't [ __ ] with.

[00:48:03]And it's by Jason >> I haven't read that yet, but apparently it's really good. I'll get it up to cover.

[00:48:09]>> Bring out the cover, can you, mate?

[00:48:13]Um yeah, everybody Uh I yeah, that's a that's a beauty. That's a really really good book.

[00:48:20]And this is a great time to be tuning into that kind of signal.

[00:48:24]Um particularly now everybody's sort of stressed and panicking and worrying about whether their Bitcoin's safe and secure and all that.

[00:48:34]>> [snorts] >> Well, Bungalow cheers. Appreciate you being here.

[00:48:38]Yeah, that's the book. Get it on Audible on your morning walk or Uh I was hiking Tassie when I listened to this little baby.

[00:48:47]Remember it well.

[00:48:55]It's a It's a beauty. It's a really really good book.

[00:48:59]Um Hey Joey, I've got to jump in a couple of minutes.

[00:49:09]>> Sorry, I just realized I was muted.

[00:49:12]>> [laughter] >> Um yeah, all good. I mean, I need to read this book cuz I've read all three of those books above it and then obviously a few others by the likes of Jeff Booth and and a few other people, but this is definitely on my list. So, everyone might have to start a little book club or something, but get reading. Get reading because all it takes is one book. That's what I've noticed. Like I read I read The Bitcoin Standard.

[00:49:34]Randomly was getting into Bitcoin and went, "Stuff it. I'm just going to read this book about it." And all my goodness, man, was I I was sucked in after one book. Like I really was. My whole lens on life just started to peel away and I went, "I think I found something here. I think I found something very special." It almost felt like I wasn't supposed to discover it and that's what made it even more precious. It was like the system didn't even want me to read it and so every single page I got through was just another power up for me to take that lens off this whole world and and to remove it from the legacy system and and and wake up to this new idea of Bitcoin.

[00:50:12]So I definitely encourage at least read just one book and that's probably all it takes for you to go down the rabbit hole and then you'll just spiral in a good way.

[00:50:21]>> Listen. Listen, I I I just say man, if you can read one book it's either going to resonate or it's not.

[00:50:29]Now if you're even half awake to what's going down in the world right? And and you're intrigued about this as a as an opt-out, why Bitcoin was created and you go and read a book and you still and you don't get it or you don't want to know about it, that's cool. But but I'd say most people, particularly those on this live stream who are going to tune into this, you know, after the after the stream um they're curious enough and and that'll that'll be the prompt to then go and download a Bitcoin wallet set up a an account with Storm Right or Amber App or something like that, buy 500 bucks worth, 1,000 bucks worth of Bitcoin, get it into self-custody right? Join my community um you know, I have a you know, we've got six modules of training inside our group, Joe, as you know which is like 12 hours of pre-recorded training which is just going to take people from a one or a two in terms of knowledge to at least a five, five or a six, I would say.

[00:51:34]Uh because there are people in Bitcoin now who've been in for years who still don't get what this is.

[00:51:41]You know.

[00:51:42]Um so uh so yeah, it's uh it's all about continuing to study, stack, and and secure your Bitcoin.

[00:51:52]>> I've already got Super. He's bought it on Audible.

[00:51:56]>> Stack and chill is with uh 2010.

[00:51:59]>> Before we had it out, I also wanted to How do I share this screen?

[00:52:05]I wanted to share another book that is super underrated, and I think everyone needs to read it.

[00:52:12]Um, this one.

[00:52:14]Um, can you see that there, Zane?

[00:52:18]>> Oh yeah, that's it. Yeah, I haven't I haven't read it myself, but >> Um, it's not $410. Just search it up on Amazon, or get it on Audible. It's probably 15 bucks, 20 bucks, or something. Not sure what that one is.

[00:52:28]But basically, this book was published, the first copy was published in 2014, and it's almost like this person, Dominic Frisby, predicted the entire future of Bitcoin. He talks about Bitcoin reaching 100,000. He talks about altcoins being competitors, and who will win. He talks about Ethereum, and and XRP.

[00:52:47]Anyway, but he lays out the beginning of Bitcoin, and it's so fresh because Bitcoin only sort of came onto the scene, you know, 2008, 2009, and he's published this by 2014, and he's talking about people transacting privately in the local economy. This is not a new concept. Like this thing's been around for some time now. It's just really starting to pick up on mainstream.

[00:53:08]But this is an unbelievable book. You need to read it because it's it's like a narrative, and the way he's written it's like a narrative, but it's all true events, and it's all true conversations of the original people in Bitcoin. So, underrated book. Doesn't have enough attention. It's awesome to read. You'll love it, but I think not your first book, definitely, you know, probably third, fourth, somewhere there. So.

[00:53:33]>> Good stuff, Marty buddy. Great for sharing that. Awesome. I think it's always cool to share a few new resources that people kind of haven't heard of.

[00:53:40]Everyone seems to have heard of the big print and you know the Bitcoin standard. They're kind of like the the ubiquitous Bitcoin books, but but yeah, it's cool to share a couple of a new resources from time to time that people maybe haven't heard of that that we've that we've connected with.

[00:53:57]Uh few people from overseas, Europe, great to have you here.

[00:54:01]Um >> Oh, Gary.

[00:54:02]>> We're going to wrap today's today's stream. So, if you missed if you came in late, you know, please tune in uh to the beginning after this, but yeah, thanks so much everybody for showing up and we'll keep it rolling.

[00:54:17]Obviously, people are appreciating this and uh trying to build a you know, bit of signal out there, Joey.

[00:54:24]>> Yeah, no, it's been good. I love seeing the comments, you know, come alive. So, as we continue to do this weekly, jump in the jump in the comments, spam it if you have to. We'll chuck your thing up on the screen. We'll answer questions.

[00:54:36]We'll add comments to people's comments.

[00:54:38]Um but yeah, no, it's been a great stream and I guess it's a goodbye for everyone and we'll see you guys next week.

[00:54:44]>> Can I just uh do one quick plug, Joey, for my uh Zoom webinar next week. I've actually got two.

[00:54:53]Uh so, those of you who uh want to tune in next Wednesday night, 7:00 p.m. Sydney time.

[00:55:01]Uh that's June 3rd and we've also got a session 10:00 a.m. Friday morning when uh June 5th. So, if you want to tune in, I'll be co-hosting with uh with Bisha.

[00:55:11]Okay, so it's going to be a live Q&A session. You can post your questions.

[00:55:14]Uh Bisha's at the coalface. He's having conversations with people onboarding you to Bitcoin every single day being the the COO of Storm X.

[00:55:23]And they've just opened up their office in Dallas as well. So, uh So, yeah, if you would like to tune in, guys, uh yeah, just uh head over to my um YouTube channel at Zane Truscott and uh you'll see the details there below below my videos on how to register.

[00:55:40]Jay, thanks, mate. Appreciate the invite, and cheers, everybody. We'll see you next week.

[00:55:46]>> Sounds good. Thanks, everyone. See you later.