Why I'm Buying More Crypto

[00:00:00]Nibo-nibo spoony wilders, welcome back to the weekly bite. We have inserted ten dollaridoonies again to our crypto portfolio. This is your weekly yummy update.

[00:00:11]Nibo-nibo, this is my Excel sheet where you and I will excel into the future.

[00:00:17]This is round 20. We have now added ten dollaridoonies for everyone out there.

[00:00:22]Remember, it's not about your dollaridoonies, whether it's one cent, one dollar, ten dollars, a hundred dollaridoonies, a thousand, ten thousand.

[00:00:30]Doesn't matter.

[00:00:31]The point is to participate every week.

[00:00:34]We grab more coins off the market.

[00:00:37]We've started the bull market ourselves, okay? So, we are participating every week. I'm here leading by example. I've shown you 20 weeks now. We are now on week 20. I've inserted 200 dollaridoonies, ten dollaridoonies every single week. It's painful. There's blood, there's tears, there's sweat. You have to look at family members. Family members, some of them own potato farms.

[00:01:00]Some of them just buy potatoes every single week for their family. All the ladies are like, "Oh my gosh, look at all these potatoes in the laundry.

[00:01:07]They've appreciated in price. Luckily, I don't have any of those stupid cryptocurrencies."

[00:01:14]You don't have them, do you? No, no, no, no. Crypto?

[00:01:17]What's that?

[00:01:19]That's where you and I come in, friends.

[00:01:21]Of course, we are hoping and coping. The weekly bite, we're participating every single week. Remember also, we just interning every single week, okay? Once a week, we do it like clockwork. An atomic clock, they say.

[00:01:33]And remember, just to confirm, it's not specifically about the coins. Yes, I do I do three and three, Bitcoin, Ethereum.

[00:01:42]And there's four of each altcoin, one one one one, all right? But, you can choose whatever you want, friends, okay?

[00:01:47]I'm just updating you over time. BTC three and three out of ten. And then we have potato, chainlink, pulse chain, dogecoin.

[00:01:55]Some people want BNB, some people want to accumulate some SOY, Lana, some people want XRP. Maybe you're a Justin Sun maxi. Do whatever you want, okay?

[00:02:04]I'm just telling you the most important part is just to keep accumulating. I think the entire damn industry is cheap.

[00:02:09]We had a lost cycle.

[00:02:11]Okay? And just friendly advice as well, the lower your clip size, the lower of an impact that is from your savings and your just your your wealth status, the higher risk you probably should consider taking. You know? I mean like for for example, friends, you know, it's just like when people are are betting on sports bets, for example. If someone's going to throw in, say, $5, they're probably not going to bet on just one team winning when it's like $2 each side, then they're probably not going to do that. Most of the time they'll put a multi, you know? They'll put, "Okay, I want team A to win, I want this person to score, and I want them to be winning in the first half." And maybe that's like a four extra turn. You get to see that, right? You your multi, you're taking on more risk with your lower clip size. But if maybe you're throwing in a thousand-dollar bet, you don't want to take a multi so much.

[00:02:59]Maybe I'm just giving you an idea of just just how to how to manage yourself, okay? So hopefully the best is yet to come. Remember, every single week as well, friends, we're covering it slowly [clears throat] but consistently, the others versus gold ratio is a full snapshot of where we are.

[00:03:15]We are on the second leg, okay, friends?

[00:03:17]Literally been 20 weeks, 20 weekly bites I've been recording for you. We are on that second leg down. Hopefully it's on the way up now. I don't really exactly know what really knows, okay? It's like answering when moon, it's it's impossible. However, it's just important to understand that we have seen this stuff before. If you go to my weekly bite here, friends, the weekly bite, you'll see it up right there. The weekly bite, you have all the weekly bites.

[00:03:41]Chop chop chop chop chop chop chop. See this? All over here, the weekly bite, you and I confirming friendship. The whole point is to keep acquiring every single week. Why are we doing this? not doing that, that's why. Retail have sold all coins, we're buying them. Retail are going all in, we're continuing to DCA.

[00:04:01]Retail went and bought gold and silver and oil and AI stocks and they're listening to Jim Cramer.

[00:04:07]We are doing the opposite, okay? We're taking a long-term view. Retail don't think there's any use case for all coins, we do. Retail want to buy into corporate chain trash.

[00:04:15]We believe that the people are the value and the community is the asset, that's where you and I come in. This is where we are now, the others versus gold ratio, okay? And I'll just just tell your friends I've got you know, a feeling that the seven years of XRP and Tron is no coincidence.

[00:04:32]Taking seven years to go back to their high, it would mark us 2028.

[00:04:36]I believe where we are now, you're going to have so much free time. Just keep buying and buying and buying and buying and buying, you don't have to worry at all. I I personally think we've got literally like 1 and 1/2 years. You don't have to literally worry at all, just keep buying. Buy buy buy buy buy.

[00:04:51]It's not like it's easy, it's just because we've been through five years of freaking hell.

[00:04:56]That's why.

[00:04:57]Hopefully this is that second leg of friendship, okay? It's By the way, just to remind you, okay? Just cuz this looks like it goes up, it's going to be scary scary the whole way. You're going to feel like every time we go up and there's a drop, you're going to think, "Oh my gosh, another five years to go."

[00:05:13]Okay? Goes up again, drop, "Oh my gosh, another five years to go." It just That's going to feel like every single time.

[00:05:19]We're going to keep DCA buying cuz that's what we're here to do, all right?

[00:05:22]And also, friendly reminder, we have seen this uh story before in grand rotations, okay? Grand rotations involving big assets, leads and lags. Extremely important. This is the Bitcoin chart, okay? This is the Bitcoin rotation from 2017 cycle.

[00:05:41]Bitcoin went on a run from June to December, okay? This run was BTC only, all right? Bitcoin only. You can also write Bitcoin or spear, okay? S P A R E A R spear, all right? Bitcoin is a spear and here is a little lance with the spear, all right?

[00:06:07]It was a Bitcoin only and then up here was alts, all right? Alt, okay? These are the laggards.

[00:06:15]Similarly, instead of Bitcoin, we are seeing Nasdaq, okay?

[00:06:21]Nasdaq.

[00:06:24]That's what we've seen, the melt up for the past 2 to 3 years.

[00:06:27]You get it? It's just it's a it's a longer time frame. The Nasdaq has run up.

[00:06:31]Hopefully, it starts to slow down and in that slow down, that's because retail have bought the top of AI stocks and everything. The rotation comes into the lower market caps. And remember, don't get tricked by everybody. Everybody says, "Oh, but AI is the future. AI is the future." You don't get it, dude. AI is a tool.

[00:06:48]The lower market cap companies, the speculative risk end, have to get repriced higher over time because they have to price in a world where everybody gets access to AI and the companies can use AI to enhance their branding, to hedge better, to find better deals, to get better savings on accountants, on lawyers, on everything. The way your business operates, fixing your operating margins. Yeah, we haven't priced that in yet. The speculative end. That that's the laggards. The laggards, okay? Cuz the spear is all the people who make the AI that are the the the infrastructure, the data center, right? But then, how do you price in everyone using it? You know, we saw this in 1999. First was the tech wave, the first wave of internet tech wave. And then, why did the speculative end run at the very, very end? It's because now all these companies who you've never heard of can get a website. And now they use a website, there's email, people are talking to each other, you can have online stores, and everybody's minds exploded. Oh my gosh, yes, you've opened up the world now to finding out that your company exists. Yellow pages for the global interwebs and peoples out there. You see how the market started to price in that phenomena?

[00:08:05]Well, we are hoping that we are still in this BTC only phase but for the Nasdaq.

[00:08:10]And we are obviously for the climb up melt up to stop which is where the green area is. This is the rotation. Now, just to let you know, friends, if I draw a rectangle here, imagine this is the stock market. Stock market's been going on for years and years and years. The stock market's not going to do this, okay? It's not going to have this parabolic just just collapse, okay? How stocks go down is they go roly-poly roly-poly and then they come down. And this period is 2 years, all right? That roly period is 2 years, just so you understand, all right?

[00:08:42]So, as they're going up, okay? Remember, stocks, once again, this this period is we boom like that, it's 2 years. Why? It's a long time to get all that liquidity out. You got a lot of DCA buying, there's a scare, there's a GDP gap, they cut rates, there's a sugar high, and then the economy starts going, then the government tries to print money again, and they try to fill the gap, and then you have DCA money coming in, there's people just indiscriminately buying as well. So, you can see how it's really hard for the ship to turn instantly and just go to zero.

[00:09:12]But it just takes time. And that's why we kind of hope we are like on this this climbing up melt up phase. And when it starts to slow down in this part, hopefully crypto is the big beneficiary, all right?

[00:09:24]That's where we hope we are. We're we're seeing it right now. Now, if we're not there, then who cares anyway? You're going to keep DCA buying regardless, okay? The goal is to acquire bigger position.

[00:09:33]I appreciate every single one of you, friends. Spoony builders, we'll take it from here.

[00:09:37]Okay? Just remember, I'm here to encourage you. This the whole point of this is to encourage you to keep DCA buying, to show you, "Hey, the crowd sucks. The crowd's for losers. They keep losing."

[00:09:47]Except sometimes they win, you know?

[00:09:49]Sometimes they win. You know, they're bearish at the end of December last year. We went down. Sadly, they're still bearish and they're going to keep remaining bearish, okay? But they did get things right with Jim Cramer.

[00:09:58]Which is that breaks my heart, man.

[00:10:00]Yeah, friends, I've been watching Jim Cramer for 5 years.

[00:10:03]5 years. He only got one thing right in 5 years. Friends, do you understand?

[00:10:07]That's like 50 calls.

[00:10:09]In 50 calls, he got 49 wrong.

[00:10:13]He got one thing right. He was bearish on crypto in December last year.

[00:10:18]And then we went down again. However, if Bitcoin finishes above $87,500 this year, it will be a green year. And actually, it was a bull market all along. Don't worry about that, though. I got $10 doonies in a dream.

[00:10:32]Come join me. Like, subscribe. Catch you soon.