BITCOIN: UPTOBER BACK BIGLY!!!!! Transcript, AI Summary & Key Points

00:00 for clicking the button. Oh yes, oh yes, yes, oh yes. Guys, welcome to another episode. And as you can see right now, Bitcoin is holding the line. Bitcoin is holding the line very, very beautifully. And today we will be studying manipulation, guys, because yesterday there was a lot of manipulations. People were literally saying it's going to be black Monday.

00:18 On Twitter, there was a lot of talk about Black Monday. People were posting pictures like this. People were saying it's game over. There is Black Monday. people going to dump a lot and actually big accounts were pushing this narrative so hard. I've never seen anything like this but also I've not seen anything dumb like this. I mean literally people were saying that tomorrow is going to be black Monday which is today yesterday they're saying on Monday October 19th which is today there's going to be black Monday.

00:46 Why? Why? Because 40 years ago there was black Monday on October 19th. So the actual black Monday where the saying comes from was when was it? October 19th. 39 years ago. Oh yeah, exactly. It was 39 years ago. It was in 1987. So I mean literally the dumbest stuff ever. But the plebe believes holy I was checking Twitter. I was checking Discord. Even in our bull mania Discord, people were saying, "What's happening?

01:20 It's black Monday. Black Monday. Black Monday. Black Monday." Oh, I've never seen anything like that. It It will not only that is manipulation by getting on people's emotion, but also the dumbness like the smooth brainness of the manipulation, but it works. Here's the thing. When people are invested in the markets, they're highly emotional. They're highly emotional, especially when they don't have a plan.

01:41 They trade without a plan. They trade without a system. So, they don't even know what they would do in case there is a dip. And so this is why it's so important for all of you to sign up for the newsletter right now in description because as soon as this talk about black Monday started to happen. I did email you. I did email you. I told you exactly that there's no need to panic.

02:04 If S&P goes down a lot, we have a plan for that. No need to panic. I said honestly, I'm not sure why people are calling black Monday. I guess it's a good way to scare nervous traders without a system. This was literally as everything was happening in real time and it's so important that you are on the newsletter because otherwise you will be doing stupid things with your money.

02:25 I mean literally I see so many people yesterday being so affected by the fact that there is black Monday and listen they of course make the narrative quite convincing. You if you read this post you're going to see you know chi China Japan dumping 5.5 trillion. Most people going to lose everything. US Treasury yields are skyrocketing. So it's not just, you know, that they say black Monday and that's it.

02:48 They of course have some kind of explanation. You know this guy, everything reminds me of 2022. When I think the market is stopping, I start noting some signals. So the signals are firing. Insane finding grounds, complacency, this and that. Bearish, bearish, bearish. This guy is saying that Putin is amassing tanks near NATO border. Poland is preparing for war.

03:11 Uh, Iran is calling for nationwide military preparedness. EU is burning with riots. This and that. What's a nice bull market soon next year. So guys, oh relax, relax and appreciate the power of mechanical rules. Appreciate the power of bull mania. And here on YouTube, I give you a small small glimpse into that power. Small small glimpse you get for free because I'm generous.

03:35 Even on YouTube, I'm giving a bit for free. This is the problem. This is the problem. Most people they they're chicken I call them chicken without the head. You know when I was in Ber I was a kid. I told my grandma I want chicken soup. Next next thing I see is our chicken without the head. He's running. He's going to be soup very soon. This is this is what I what what I see in crypto as well man.

04:02 This exactly what I see in crypto as well. It's exact man. It's exact. So guys, newsletter very important. Now looking at Bitcoin, let's actually see what Bitcoin did. Bitcoin closed the week quite good. Uh and for now, our ultra bullish scenario is in play. It's in play. You remember our ultra ultra bullish scenario. It was that we break this May high, this yellow line, and then we retest it for a massive Valhalla.

04:30 Okay, that's the ultra bullish scenario. This scenario is more bullish than us just breaking it and continuing up because when you don't have a pullback, you don't have some kind of uh confirmation of the breakout. It's just more fragile. The rallies are not that long. When you don't have pullbacks, you just retest previous resistance as support. So currently, for all I know, we have the most bullish scenario in play.

04:56 Not the middle bullish, not the a bit bullish, but the mega bullish. if we actually get a bounce here. So for what I know, for what I see, using our strategies, using our way of reading the market, reading the charts, we are looking very good. Bitcoin did get supported on the uh May May high right here. And uh yeah, I mean so far so good. Should it go below it is also bullish because we are in the bull trend.

05:23 It's not as bullish. Maybe it means that you know we derp around here for a few months before breaking out. But uh it's also bullish. It's also bullish. So to be bearish now after a year of dumping, I don't think it's smart. You know my position on this. Uh and yet as soon as there is a bit of volatility, holy crap, guys, I love it. I love it. But also this what makes crypto fun.

05:43 This what makes crypto fun. This emotion emotional dudes they have the money in. They don't know what's happening. Some guy is saying black Monday because 39 years ago on this exact Monday there was black Monday and now they do this. So I it it's fun man. It's fun also, you know, it gives me meaning because when I explain to people, let's say in Bulmania, hey, you're thinking wrong, you're thinking wrong.

06:05 I reprogram the brain, they see the new light, like their eyes shift like it's it's a it's a totally new person. It's a totally new per new person that gone through transformation where literally the whole brain is replaced more or less. It is like that. So, it's I love it. I love it. So, guys, welcome everyone who's watching live. Smash up the like if you're watching recording.

06:22 Smash up the like. Also, big shout out to D for time stamping us today. And if you go to arena.bullmania.com, you can connect your Pionex account to our website and your Bitunix account and you will be getting part of our monthly cash back. So we have one one and a half weeks until the end of October. And at the end of October, Pyrex is giving away $10,000 to everyone who is on this uh leaderboard and has more than 100k in volume.

06:54 So this is going to be split among them. The first three are are going to get half of the amount and then the rest are going to share the the remaining. So if you are using Pionex, just ensure that you go to arena.bullme.com and you just enter your UID and connect your Pionex. You of course have to use our affiliate link to join because they're only rewarding our affiliates.

07:15 Bit Unix is the same. And guys here, let me actually load uh here. Somehale is going nuts. Samuel has 18 million in volume just in October. But the same is here. But in Bit Ununix, if you connect here, it is 20k cash back. And the way it works is that this money that is going to be distributed, it can be used to open new positions. You cannot withdraw it, but you can use it to open new positions.

07:37 That's why we call it cash back. It's cash back. You get cash back. So while you are trading on Bitunix or Pionex, ensure to just go to arenasboom.com. And if you are here and you're close to 100K, just ensure that you get above 100K. So you're part of the uh of the uh uh leaderboard. Okay, you need to be above 100K. So for example, this guy right here on Pionex, check if you have this UAD.

08:01 You can just trade a bit more and you will participate uh in the in the cash back. This guy right here, check if you are this UAD. You can just trade a bit more volume and you will participate. So we are working with exchanges very very seriously and we tell them listen you you you got to give our community uh monies okay we we need the reward we need reward very important and uh next month we're also going to add by bit so by bit is joining us next month for that as well so guys uh black Monday cancel exactly black

08:33 Monday cancelled once the US futures opened green the tone flipped to mockery and relief. Exactly guys. Exactly. Every time Black Monday is stranded, some of the best buying opportunities happen. Yes. Correct. Cancelled again. Black Monday canceled again. Black Monday canled. Gauging negative sentiment is one of the best bottom predictors. Yeah, exactly.

08:59 If Black Monday is to happen, I can assure you your wrecked ass Twitter influencer who you follow, who forms engagement, who doesn't even trade himself, he will not be able to tell you when Black Monday is going to happen. Okay, very important. When when actual Black Monday hits, no one is going to tell you. No influencer is going to tell you. And there's no way to know when Black Monday is going to happen.

09:21 That's another thing. No one knows these things. No one knows. It's a black swan. When blacks won't happen, the only thing that can protect you is a system. Mechanical rules. Bull mania. Clear strategies, clear rules, as we say. I love the saying. Clear clear strategies, clear rules. Can we Can you Can you all say it out loud as you're watching this?

09:41 Bull mania, clear strategies, clear rules. Say it out loud. I want to hear it from you. Clear strategies. That's the only thing that that protects you against uh Black Monday. Okay. So, Black Monday can happen. We're totally fine with that. Uh because we have a plan. If it happens, listen, we're gonna get a notice like the the S&P will not go to zero.

10:03 Will not go to zero without going into bare trend. I mean, literally, how can it go to zero without going into bare trend? Okay, at some point S&P is going to dump a lot. We don't know when, so we don't worry too much about it. At some point, we're going to go to a 200 week moving average. At some point, who the hell knows when? Maybe in five years.

10:20 First we need to go to bare trend and then we can dump to the 200 moving average which is the white line. I mean at some point it's going to happen it because it always revisits here it almost went there. Here it almost you know it revisits now and then this 200WE moving average. Okay at some point we're going to get there. Now the problem is that the 200E moving average is increasing.

10:41 So you know in a few years it's going to be here and maybe the S&P 500 is here. I mean who knows? Okay. So so we we just worry about the bull and bear and S&P is bullish guys. is bullish and futures opened green. Look here, futures opened green. Uh NASDAQ uh pre pre-market green. You see it's going to pump up to here 717 closed 79 up 717. So guys, every day I will learn something new.

11:11 I never thought that you can just recycle an old date October 19th and say it's Black Monday again. But holy crap, in crypto, anything is possible. I never get surprised by the pleba. I never get surprised by the pleba. I It amazes me all the time. But also, we should be thankful for the pleba because see the pleba allows us to profit because if everyone in the market has clear strategies, clear rules, has bul like there's no way to profit because you need people emotional.

11:40 Money moves from emotional, impatient people to people with clear strategies and clear rules. Simple as that. So yeah, that's that guys. Look here. Michael Sailor is is he's teasing us. He's teasing us that he's going to buy more. We found room for more orange. So he's going to buy a bit more Bitcoin. That's very very nice because we're in bull market and it's fantastic.

11:58 Uh now looking at um some important things. Look here. Chris Bern Bernisk. Bernisk. See I still love Chris Bernisk even though he wrecked all his audience with TIA which went down like 98%. Now by the way we're bullish. Tia sees the bull flip. I actually think now TA is bullish. Uh I did tell very clearly in our uh weekly in our weekly um uh weekly TA uh last week in Bulmania that I I think TIA is bullish because I mean just look at this chart.

12:29 There's not too much resistance basically until basically until here sorry basically until this area and that's like 170% up and then a bit resistance here at like 400. So basically it can pump so much just to hit previous resistance and you can make a lot of money just by going to previous resistance and it can be good enough. You don't even have to go to alltime high.

12:51 But of course if you're a wrecked player but you you hold it a lot uh down you need alltime high. But so I love Chris Binsky but I just have to highlight that Tia man he wrecked a lot of people with TIA too too much wreckage. Too much wreckage. But still overall overall on a big picture on a big picture I still love Chris Brunisk or Bruninski how you say Bruniski I still love him I still think that overall on a cycle level he does say smart things and he's saying the following in times like this if you're a long-term

13:21 investor you don't want to be waffling around being in or out you want to be stacking units systematically don't don't get confused by the traders it's separate game on a unit accumulation depending on how long you've been in the game is helpful to think in relative units. Then he explains basically that you can think how much you have in Bitcoin, how what percentage of the network that is and you can try to get it in other networks.

13:42 Of course, he has to shield TIA here. He says maybe you're considering ETH, maybe you're considering Saul or perhaps you're considering Tia. Someone here said, "Brother, I love you, but no one is considering." True. True. No one is considering Tia. I agree. I agree. But overall overall uh he here he said he's bullish. Basically he's bullish. I read this as an early bull opportunity rather than a warning sign that the move was a bull trap.

14:11 Okay. I I here I totally agree. So I'm inclined to be a buyer. You have to respect the possibility of lower levels and so trench out and dry powder that remains with percent this and that. Yeah. Anyway, he is bullish and uh we're bullish. That's it. Uh now uh let's see Anam. Anam he's saying we're gonna have a big fat juicy bull market and uh as you know as we are in bull trend on bitcoin I cannot uh do anything else than to highly agree with that analysis.

14:38 Listen to this >> that that yes that is going to be true and I think the reasoning behind it um a lot of the crypto natives have like attached themselves to this idea of the four-year cycle. Um and as we know everybody was waiting for the bottom to happen in Q4 of this year. Uh people in the summer thought prices were going to go a lot lower. Um and we actually bottom while Sailor was selling into the bottom at 60K or a lot of people thought he's going to have to sell a lot more.

15:03 He didn't end up having to sell a lot more. He short up some cash. So it wasn't cryptonatives I think primarily that were bidding that bottom. And the thing is I think it was more the trady guys were like okay gold just went from 15 trillion to 30 trillion in like a year. Bitcoin is only at like 1.1 1.2 trillion here. it makes sense to allocate a few percent of our portfolio to Bitcoin.

15:25 We know it's not going away and it's it's a better version um gold digitally and so I think we had a lot of trady people allocating to crypto and we we spoke a little bit about the revenue meta but it's clear that like there are some crypto startups right now that are very successful. Hyperlid being one of them and they also have an ETF. Um, I think one of the big signs of Trafi also being interested in crypto was Stan um, Drunken Miller buying the hype ETF.

15:49 That was like incredible to see for me because it's it shows that these people, these great traders in Trafy World are paying attention to the most successful startups in crypto. And if you think that these people are going to be allocating more to crypto um, in the same way they allocate to stocks passively, then it makes a lot more sense why we would have higher targets um, for the bull market this cycle.

16:10 So, >> so basically big money coming, big traders coming, Stan Raken Miller coming, everyone's coming. True, true, true. And yeah, by the way, we we have to follow the trend. We need to be less looking at whatever you know for a cycle. But if you follow the channel, you know, you know, we're bullish below the 200 week average since the bull flip in Bitcoin a few months ago.

16:30 What is it like two months ago already? The time flies, guys. Start soon November. We're so we are is it's kind of like, you know, the four cyclers, they're still cycling. they're still cycling waiting for November low or October low when it is in reality you just have to watch the charts and sometimes the charts are overlapping for example we were risk off last October I believe for your cyclers they were also kind of risk off last October so during periods of time is overlapping but if the chart starts moving in one

16:58 direction and four year cyclingers they're cycling in another direction then we follow the chart we don't follow fouryear cyclisters guys some updates let's go to some tech updates at the end of the day we're Ivan on tech here people asking Ivan, what are the tech updates? Here's the tech update. Alpenlow is coming in two days for Sana. New consensus algorithm.

17:19 Let me know if you love that. If you love new consensus algorithm, let's see how it's going to be. >> What is Along? >> It's a new consensus protocol which is kind of the heart of the Sol protocol. >> You claim that there was going to be a rough like 150 millisecond finalization. And if you have 80% of the votes say yes, then it's immediately done. Okay, you immediately know that the block is final.

17:44 >> My name is Jacob Creech. I lead tech at Slana Foundation. >> Hey, my name is Roger Watenhoffer. I'm the head of research at Anza. >> And today what we're going to do is we're going to talk about Salana's new consensus protocol, Alpenlow. So you can go, you can watch the whole thing. Let me explain to approximately what it is kind of like he alluded to.

18:05 It's all about finality. how to get it faster. Uh how to get blocks finalist faster. So it's now 12.8 seconds on Solana and it's going to go to 150 milliseconds. Okay, 85x faster. Okay, very important. It's a full consensus overhaul. They basically rebuilt it from scratch. From absolute scratch and ANZA is the uh client is the client team that is that is working on it.

18:32 That guy with the glasses, German guy uh he was from Anza. So finality is the moment a transaction is irreversible. This is the biggest question when you have dexes when you have uh trfy you need to know that what happened on chain really happened and you cannot roll it back in bitcoin for example things can roll back for quite some time I mean up to one hour up to one hour the finality is not fully achieved.

18:54 Uh in Solana with this new update around 150 milliseconds you have finality. uh in Bitcoin as you know even if you have a block there is a chance that someone is mining another block and uh that everyone else continues to mine on that competitor competitive block instead of your block. So if your transaction is in block A and not in block B but block B came out at the same time as block A and the whole network continues to build on block uh block B then your transaction is reversed because you're not part of the

19:24 biggest chain. So it's very interesting all of you OG's who have been in blockchain fundamentals course you know that have you been in our blockchain fundamentals fundamentals course by the way in bulmania I believe we have it I believe we have it I need to double check if we have those OG legacy courses but I believe we have it in our in our library have you all of you guys here are watching how old are you here this my English h how old are you here how long have you been watching basically because in blockchain

19:53 fundamentals else way back in 2017. I taught you all about it. I taught you all about how blocks work, how you can have two competing blocks and your transaction may get dropped if you are in a block which no one cares about and everyone builds from on top of the other block. So anyway, 2017, 2018, 2019. Nice, nice, nice. Big, big shout OG's. We have a lot of OGs here.

20:18 OG's fantastic fantastic blockchain fundamentals. Exactly. Fantastic guys. So um finality is the mount transaction is reversal. Today Solana is already fast at inclusion. Alpenlow is making settlement feel nearly instant. So for example when you do a transaction on Salana it may feel that it's fast but at the end of the day on the back end it still takes 12 seconds for it to be fully confirmed which is a problem.

20:40 If you run serious trading operation it is a problem where you may be doing fast trades it feels fast but on the back end things can still get reversed. So uh with this update the settlement on chain is going to be basically like a web app when as soon as you click a button boop done. Uh so it's going to be closer to a web app or centraliz exchange matching engine than a classic blockchain confirmation.

21:04 So user experience is that the apps stop feeling like crypto at 150 millcond finality swaps payments means and game actions can confirm inside a single UI animation. You click boop 100 seconds and it's done. that matters for retail payments, mobile and other consumer apps. But most importantly, it matters for uh financial apps because this other like you know consumer app this and that you can still fake instantaneous transaction and it's not too bad of an issue if it gets reversed.

21:35 I mean if you have some you know I don't know some game you know you click around you know some cents here and there some dollars here and there okay some of it got reversed you can tell the user it's not a big thing but if you're trading if you're really trading and you have millions at stake and that that got reversed it's that's very bad that's very bad that's that's real bad that's real so the big unlock I don't think it's necessarily consumer apps consumer apps already you can fake instant stuff and you can manage

22:02 what happens if it if it reverses which basically very rarely happens but it can happen but for for traing it's massive it's massive so faster finality times look for onchain order books liquidations arbitrage uh and uh most rival chains still talk in seconds or longer for economic finality subsecond especially 150 millcond is a different product category is strengthen a pitch against slower L1's very nice um and that's the biggest thing happening now in the coming in the coming days basically of course I asked

22:35 Bulmania AI to give us other updates. So for example, ETH is continuing its multi-year road map guys about the latest on ETH. Uh I think they now don't do too much L2. They do a bit L2. Uh upgrades are large and carefully staged but they arrive on a slower cadence. Yeah. So basically nothing is going to happen to ETH. Nothing's going to happen to ETH.

22:59 Vitalik did a big fat road map for like you know multi-deade road map. I'm not even sure like what's the clear vision. Maybe it's kind of like you know Bitcoin that it's oified. It doesn't change too much. It is what it is. I mean that's my feeling at least. Data availability improvement. Okay. I mean nothing of that is going to be noticeable for users.

23:17 Uh you see an upgrade like Alpenlow it's clear notice to users like it's clear improvement of the of the user life. This thing h let's see guys. Let's see. I mean ETH is good as is. Maybe we just leave ETH as is mana. We leave ETH as is. Leave it as isma. Don't just ensure it's quantum safe and that's it. Suie and APOS already engineered for very fast finality and prosecution from the start.

23:40 The big updates tend to be iterative protocol. So yeah, no big things with Suya and Apptos. Avalanche Avalanche 9,000 ACP style upgrades. Some subnet performance this and that. Is anyone using subnets? I haven't seen anyone using subnets guys. Are you using subnet? Is anyone using the subnets guys? I'm looking for subnets. I think in the past it was gaming.

24:02 For a while they were branding as gaming chain. Um I don't see too many people using the subnet guys. And by the way just to clarify if we are a bit you know cynical when it comes to the this upgrades. Just know that if it's bull trend we're bullish. Okay I just want to clarify that. See for example here Alen is bull trend. So we're bullish on the price.

24:22 Don't confuse us like reading through the tech and and and price. Okay. if it's bull trend because everything is a meme. I just want to remind everyone that everything is a meme in the bull market. Don't worry too much about take this and that. It's everything is a meme. Bull market is me. It's me. It's me. It's me. So monad. Let's see. Monad build from ground up.

24:42 Uh yeah nothing not too much is happening there. So basically it's all only point law. Nothing else is happening in terms of tech guys. Nothing else is happening in terms of tech. Now guys, Turkish media has released picture of Richard Hart getting arrested. It is real. It's real. Turkish media are spacing this image of Richard Hart without his pat on blurred like this.

25:05 I thought it was a generated but it's not a generated. Uh yeah, they keep calling him Whale James. Whale James. They really doubling down on Whale James. Guys, if you're listening to this as a podcast, you need to watch the video because we have subtitles here. This is from a Turkish news outlet where they are discussing Whale James, Balina James. Balina.

26:03 I mean, who invented this? Who invented Whale James? No one is calling him Whale James except media. Balina whale. Holy crap, guys. for James. Yeah. Yeah. And then he speaks about how how they captured him. This unit was used, police carry out operation. Uh so yeah he had a bunch of uh weapon okay he was ready for any kind of development uh many watches many watches all the Rolexes are there Richard the mill I see many watches uh what happened more data this and that but also I have a question he had he has a big

27:13 speaker I mean he wants to be underground you know like hidden but he also has a big fat speaker Uh let where's this picture guys? Where's this picture? The on one of the pictures he sits with a big fat speaker. Uh how is he going to be hidden if he has a big fat like you know? Oh yeah. Here here it's actually this picture. Yeah. So you see here he has this big speaker.

27:42 I I don't know why he's naked. I mean did he catch them him in the act or what what happened also? Why has this big speaker? He listens to music this this loud is bad for the for the hearing. I mean at the end of the day to have this small confined space with a big speaker I I don't think it's healthy for the for the ears. I mean if I'm to give a bit of feedback here I don't think it's healthy for the ears.

28:06 But anyway uh yeah uh Pyans I love you. I love you. Uh yeah 18 plus stream. Exactly. Uh so yeah uh it is what it is guys. It is what it is. And Peter Schiff out of all people were the ones were the one who was one of the earliest earliest to predict this development. Listen to this. You could always pick and choose whatever time frame is convenient for you.

28:35 But the reality is you're so excited about how much Hex has gone up. Hex is down about 70% from its peak. So there are people who bought HEX who are down 70%. Nobody is down anywhere near 70% in gold. And the people who have made money in Hex haven't made anything because they haven't sold because they've locked up their Hex and your scam of a CD. You've conned people into taking a worthless currency that you create for nothing and they've agreed not to sell it.

28:59 So you can keep unloading yours to the people who are foolish enough to think there's a free lunch and they're going to get rich in your pyramid scheme. But they're not. they're going to go broke and eventually they may come looking for you because all the money that your followers are going to lose is the money that you're making. And we'll see how the authorities feel about that.

29:17 Uh, you know, when you end up in a court of law because I know a lot of the people who lost money are going to be looking to have to try to claw back some of their losses from your winnings. Yeah. I mean, crazy that Peter Sh was actually right this time. Was actually right this time. So, yeah, guys. I mean, at the end of the day, uh, Hexans were with you.

29:37 Uh some people are uh in Hexico land. I mean it's very interesting. They're bullish because they say that um in Finland the maximum sentence is four years. So he's going to be back in like five years maybe with his money still intact. Who knows how much does he owe Finland? Because that's the problem guys. If your thesis was that he's going to take the money, he's going to pump all of the coins.

29:59 But Finland is going to take his money. Like that's that's not a problem. They're going to take the money. Okay? Okay, now I take the money bigly bigly bigly because uh he's been hiding for how many years? Maybe for what is it? Five, five plus years. There's interest. No interest. There's all kinds of stuff, you know. So, let's see how much money is left to pump.

30:20 But then also he needs to get back. He needs to still pump your Yeah, guys. Anyway, big shout out, big shout out to you. Uh some people see him as a marcher. Do you say morer? Is that how you say it? He's a marcher. So, uh, yeah. Uh, good luck. Good luck, guys. Listen, we I' I've said everything many, many times. Uh, and that that's it. That's it. That's it.

30:46 Everything comes to its logical conclusion. I mean, at the end of the day, it may take time, but everything comes to its logical conclusion. I mean, a monkey could have predicted this. Everything comes to its logical conclusion. If you zoom out and you see what's happening, everything comes to it logical conclusion. And it's interesting that uh Trevon James posted that uh he fought the SEC in his own land.

31:16 Let me bring up Trarevon James. Do you guys remember Travon James from Bitconnect? He he he has shared his journey and uh uh he basically is done with all of their all of the case. He actually got some money back from the SEC also because uh they found so the SEC found Travance hacked money and uh he actually like made a profit by being sued by SEC.

31:43 You should you should you should read his story. But here's what he said about this whole situation. I remember when Richard sent me a mention or DM when uh when he when the Bitconnect news first hit um hit about the SEC suing me around 20 2018 and he said something to the likes of here comes the poo poo lol and I remember feeling so stupid like here's this expert guy who is good at hiding his truth keeping his opex secure lives somewhere where they can't find him and gets to freely enjoy life maybe I should go move to

32:15 a different country and move like this guy cuz this SEC stuff isn't going to go away. This rich expert who knows everything about that stuff is laughing at me. I'm such an idiot. I was moving so stupid. What was I thinking promoting this Bitcoin. What was I thinking promoting this That was starting to look like a scam here in the US. I should have moved like I see I mean true I love how honest he this is the guy which is you know you didn't lose your money ah you kind of lost your money so he's saying what was I he was

32:53 before he was thinking what was I thinking promoting this that was starting to look like a scam here in the US whole time this dude was the dumb one moving like this me staying in my land and not being a um you can read yourself not being a a uh a uh yeah, I don't want to say on YouTube. I don't know. Maybe YouTube doesn't like kept me kept me out of major trouble and even got me some of my hacked Bitcoin back.

33:17 You would think someone as smart as Richard Hart would know how to bend reality and make it work in his favor. But he can't because he operated in fear. Uh maybe he gets out soon and the beats, all the stuff on his head now, but he lost a lot of street credit with me. Yeah. I mean, at the end of the day, imagine if he just paid the effing tax in Finland and that's it.

33:40 He I mean, now he has to pay tax and be in jail. And you know, Finland, they don't mess around with tax guys. I mean, is is the interesting thing with the Nordics, with Finland, Sweden, you know, tax, it's a more serious crime than like the worst crimes you can think of. Think about the worst crimes a person can do. Of course, we cannot discuss it out loud here, but you know, the worst possible crime the person can do violent crime, you know, all kinds of crime.

34:09 If you don't pay tax, it's 10 times worse. In the in the eyes of the law, it's a million times worse. Okay? You can be diversity, do very very horrible things, people going to feel sorry for you, you're going to be rehabilitated, all of that. But man, you don't pay tax. Oh. Oh. So in northeast they don't they don't mess around with that guys. They don't mess around with the tax is not money is going to come in.

34:38 Okay. It's going to come in. It's going to come in. Everything else they don't really care too much. But the money the effing money is going to come in. So and also man if he just asked on Twitter, "Hey guys, which country has zero gift tax? Because all of what he did is treated as gift. Okay? You guys sacrificed to him, you gave him a gift. Finland has 30% gift tax.

35:06 I could have told him that in Sweden there is 0% gift tax. He could just move literally like 50 kilometer. Literally 50 kilometer. He can bike in like a few hours. He Okay, there's a bit of a C between. You can take a ferry. Boop. In a few hours, you're you are zero. So uh yeah at the end of the day guys don't don't mess around with this stuff. Don't mess around with this Jason Bourne life.

35:33 People ask me sometimes Ivan you know I have this I have this. How to hide? Don't hide. Don't hide. Just move somewhere where 0%. There are many there are many many many many countries with 0% tax for different things. Even Sweden has 0% gift tax. He could have taken a boat. Many countries have 0% capital gains tax. So guys, a big lesson here. Don't try to be Jason Bourne with five passport and five this and that because at the end of the day the world is so global.

36:03 If the world is all connected, the world is international. There is uh no way no way to go. Okay, but to face the problem you're facing and figure it out because I mean he could have figured it out long time ago. Okay, so anyway, a bit of interesting stuff. Uh and yeah hopefully Richard is okay I mean then we don't wish anyone bad like on a personal level on a personal level I don't wish anyone bad but it is the logical conclusion in a way so yeah does that guys let's go to Q&A question oh no sorry there's one more

36:37 thing there's one more thing we need to speak about Msei because apparently Msei is going to remove um strategy from its uh uh index okay from its index so listen to And of course strategy Michael Sailor not too happy this >> um we want to switch gears a little bit Michael and talk about uh what we expect to hear from MSCI on Friday. It's considering rules that could exclude you all from its global equity indices.

37:08 What kind of decision do you expect and how important is it to you? >> You know it's not that important to us. It's a fairly dimminimous amount of capital that they control. We think we think their position so far has been disappointing because they're imposing prejuditial values on digital assets. And deciding that, you know, oil or natural gas or or land or machinery is capital, but Bitcoin is not capital is a value judgment and they're acting like an unregistered financial advisor.

37:41 I I think it's a bad precedent for them and for the industry and I hope they reconsider it. But having said all that, uh digital assets are smarter, faster, stronger. They are the future. MSCI may not want to share in that future, but I think the investors will disagree and of course the nation disagrees. >> Do you expect to be excluded? >> I don't have any particular expectation right now.

38:12 >> But would you be happy if you were included? I I think it would be good for them and good for the industry if they if they drop their initiative, but you know that's above my pay grade. >> That issue though is the question of whether you or not you are a quote operating business rather than engaged in accumulating assets. Where do you view strategy because insurance companies and banks?

38:42 It's a silly notion because insurance companies and banks have assets and they're operating businesses. And if MSCI decided that insurance company financial assets were nonoperating or the bank's assets were nonoperating, then they would exclude every insurance company, every bank and half the oil and gas insurance companies to be fair provide a service other than uh accumulating assets in the case of making a payout.

39:06 They provide a service to customers. >> Yeah. The product of the Yeah. Can I answer the product of the insurance company is the is the insurance policy >> and the product of the bank is banks by credit. Our product is digital credit. So we sell a product. It pays 10 to 12% dividend yield. The insurance company sells you an insurance policy or an annuity.

39:28 Right? So all of these are finance companies. They're selling financial products. They're operating companies. They're in the >> Yeah. So his biggest argument is that hey guys listen this Msei stuff they're removing us because we mainly have Bitcoin and we don't do too much other business and there are many other companies that do similar whether it's oil and gas this and that and u yeah that's that basically so uh let's see how that's going to be for the bull market don't worry guys don't worry there's not going to

39:55 stop the bull market because MSI removes my stretch I I don't think it's going to be a big big impact because bull market is so strong you know okay so they remove so what a maybe weakness for a week, then bam, Valhalla. You know, it's a it's a bull market, guys. In bull market, we're not um uh we're not uh we're not too we're not too concerned. Yeah, there's no bad news that can stop the bull market because we're just starting now.

40:21 At the end of the bull market, the slightest bad news can stop it. But now, in the beginning, we're just coming out. It's just a year now since October 10th last year. No, just a year since the since the previous peak, we've had a year of the bear. now likely the bull the bull bull bull that's exactly exactly how we like it guys let's go to fast Q&A then I have to go and prepare my weekly TA for bullmania members uh but even here on the freebie for the freebie uh Q&A uh I'm still here to serve you guys still here to

40:51 serve you let's go let's go Q&A questions answer debates and big shout everyone who's watching live everyone who's watching live smash up the like subscribe and let's go let's go let's go big shout out to Dub by the way for time stamping us. Fantastic. Fantastic. So, what are you guys writing? So, Black Monday, re-watch the whole episode. Isaac, Isaac, did you watch the episode or no?

41:14 Because I can see sometimes, guys, when you don't watch the episode, you ask me questions. I already discussed it. Already discussed it. I mean, everything you can think of likely already discussed in the stream, right? Anything you can think of in terms of news, I likely already discussed. So yeah, go and rewatch the uh do you feel this could be a dead cat?

41:35 I don't feel anything. Uh feeling is not the correct words, you know. Do you feel this? Do you feel that? We act on what's happening. We act on what's happening for now. And no one knows the future. Do you feel this? Do you feel that? I feel that it's bullish trend and we just got supported from the uh from the May high and uh we operate based on that.

41:52 We don't operate, you know, maybe it's a that count. Could it be that count? Anything is possible. Maybe it's a you know it goes to zero like anything is possible. Don't worry about you know what you feel. Don't worry your your gut feeling is going to wreck you. I don't feel I don't feel I I see where the candles close. The candle closed above the May high and now it goes higher.

42:11 So this is my reality there. What you say? You know is it a dead cat? If it's a dead cat bounce we we have strategies to deal with that also. If it goes here still bullish. It just means that it's going to be longer uh consolidation likely. Uh so think like that. Don't think what you know your gut. Uh do you reckon wckon this recon that do you reckon this do what is your gut?

42:38 Sometimes now people join bulmania also they ask me hi Ian what do you feel? I'm telling bro watch the course like we have a big fat course we have a big fat educational program that transforms your brain. I can clearly see you haven't watched it. When people join Bulmania it's no main people join they take the course they come out different people but sometimes I see okay this guy I can see by the question he has not watched the educational material now actually in Bulman we're going to be integrating our learning

43:06 learning u uh software with discord so we can see who actually did the course fully who is a clueless pleber and who is a highly educated person we're going to know so when I see a question I can understand because sometimes also get concerned like man did I not explain it like it's in the course and I see ah you did not do the course so I'm like man do I need to explain it better but then we check the student progress in the course you didn't do it same thing is here guys we you have the stream you watch the stream

43:38 it's here big shout out Isaac big shout out we did discuss maybe for five minutes the black Monday five minutes and big shout big shout big shout Z guys fully captured. Exactly. Can you look at render? Okay, let's check render. Render render. Render render. Nothing's happening with render. Yes, it's sideways. It's uh technically bullish, but you see it's a bit weak.

44:12 So, I would not enter it now. uh if uh if it doesn't go above here. If you got stopped out uh then the next entry I would do is only if it goes above here. If you're still I mean dep depending on your strategy uh if you entered and your stop hit it's fine. It's very good actually. See this is another thing uh that's very important to understand when stop hits is good because before mechanical rules most people they enter a trade and then they are at the whim of the destiny.

44:42 you know, it goes down 20%, 30%, they're at the whim. They're at the whim. Like, they're not in control. One of the best things that happen once can lose is that you set stop loss. Boop, you're out. Like, you have a small loss. Maybe it's uh it feels bad. I mean, for most people, it feels bad. But then you need to compare to the alternative. The alternative is that you're at the whim of the destiny.

45:01 You enter multi multi-year hells, mental prisons where you hold for years. Instead, it's better. Okay, you enter, stop loss hit, bop, and then you look when is when is the next entry. If you still like the chart, if you still like the chart, let's say uh render uh goes above here, you still like the chart, fantastic. If your stop loss is not hit, then let it ride.

45:20 I mean, let it ride. It could easily come back. It's still bull trend. So, let it ride. So, as you can see, guys, we have a plan for freaking everything. Something goes bull, it pumps. We have a plan. Something goes bull, it does not pump. Like in this case, it doesn't pump instantly. There is a plan. So, clear strategies, clear rules. Clear strategies, clear rules.

45:38 Exactly. Exactly. Uh so yeah, that's with render. Uh all in all with the tech, let's actually check with Bullmania AI, the ever knowing Bullmania AI what's happening to render. Let me check techwise. Do they have something happening or what's happening? Soul pump. Let's see. Solana, Sana, Sana, Sana, bull trend. I mean basically for now at least you have the the continuation quite nicely.

46:22 Um the bare flip has come out quite a bit now to 96 which is basically the previous uh support here. Uh but yeah, so far so good. Could you consider shorting AI stocks like U Micron? Yeah. So many AI stocks were not participating since uh the bare flips. They flip bearish uh on the weekly. For example, here you see Micron is a very good example where it flip bearish already here in July.

46:57 Mean since the summer guys, we are rotating out of AI into crypto. Since October last year, we were from road testing for from crypto into stocks, mainly AI. And now since the summer, we're we're going back. Why? Because uh many uh stocks got into bare trend, including uh micro. I don't like shorting too much when there is longing opportunity. So in this case, I would rather long cryp than to short AI.

47:23 I like shorting in general when there is alternative because normally when you have pump can be I mean theoretically it could be infinite so you can make a lot of money shorting you just have I mean your maximum is is capped the thing can go to zero and that's it is capped so your your upside is a bit capped when you short when you long it can go very very high so if you have opportunity to long I would just Ian, have you followed any of the onchain activities in PC since they got Balina James?

47:56 Uh, no. What has happened guys? I mean, no one can follow anything on chain and passion because you you don't have a working block explorer. Just as a reminder guys, your block explorer doesn't work. So, no one can follow anything. Or did you fix it? But who will fix it? Like again, it's you have only Breap and he's a like a contractor who who launched it and uh you know who's going to pay him?

48:27 That's why I call it Fiverr chain. It's not PC chain, it's Fiverr. It's Fiverr chain. It's got done by a Fiverr guy. And again, I love Brea Brea, but I can imagine that he got like contracted to fork ETH and that's it. And then budget run out. They maybe I I don't think they anticipate. Here's what happened, guys. I don't think they anticipated how hard it is to do a block explorer for ETH.

48:46 I don't think they anticipated and I know it because as you know I founded Morales, one of the biggest infra companies in in crypto for this stuff with indexing data on chain. It's very hard know to to index ETH is very hard because Vitalik made it a bit retardio where you cannot even ask the blockchain how much money someone has. I mean again guys Vitalic genius boy but holy crap he he made it very hard to like query balances.

49:17 All of you devs who have been building on ETH, you know, you come into crypto like you think it's a laal land. You're like la I'm a dev in crypto. Everything is so easy. You just ask the blockchain what is happening on chain. Man, it doesn't know. The blockchain does not know on ETH which coins you have. It doesn't know. You can ask it a specific contract address and then it's going to tell you that this guy has this much money in this contract address.

49:42 But to ask it which contract addresses the guy has like which coin ERC20 coins the guy has you need an external API like Morales for that. Isn't that crazy? So yeah, I don't think the Bret be shout to Brett. I mean, I love Brea. I love Breton. Bret is is great. But I can imagine they did not really anticipate how hard it they thought, okay, let's quickly, you know, copy this crap.

50:08 Let's raise a billion. We're out. And then they thought, maybe we can still make like a legit looking thing. And then they saw, oh, holy crap. It's very hard. It's very hard. And then you have the internal transaction. Oh man. There is there is guys I mean E is cluster E that's why EVM it's it's it's a cluster duck you know cluster duck you have transactions you have ERC20 transactions you have NFC like it's all different standards it's all different standards now nothing like is super nothing is also not super

50:42 consistent some NFTs they work in one way some NFTs they work in another way uh metadata is somewhere here somewhere there somewhere on chain somewhere sometimes on IPFS so anyway It's and then they're in freaking internal transactions and to build a block explorer. You understand? Holy crap. Number one, it's very expensive. It's very expensive because to have all of the history to be able to query it fast.

51:11 You need a freaking database department. Like the guy is just doing the database. So everything is fast and index and you can pull any anything out. Uh and here's the fun part. It can also reverse. Do you understand? You can have your database then boop chain reverse and now you have a new chain and you have to catch up. Also system is real time. So your system better be real time.

51:35 Needs to catch up in real time. If there's a if there's a fork like a roll back. Guess what? You have to remove all the history. Now you have to very fast catch up to the current chain which is now changed. By the way, when the history rewrites itself, it can happen. History writes itself a lot. So yeah, and also when you do a fast chain like pulse chain, everything becomes a million times harder, like a trillion times harder because you see it's not like Vitalik is dumb.

52:01 Okay. And he just put slow chain, you know, it's very hard to make anything work when you make the chain faster. So when the fiber guys uh pulsyans when they just you know increase the parameter uh you know faster just faster man how we going to do this becomes how we how we going to make stuff guys because it's it's still this retardous system that EVM is but now it runs faster so your indexers need to run faster and uh that's it guys that's it guys but yeah guys that's it thank you very much big shout out to Brett I

52:35 love I love Brea Brett is my favorite guy in Pulch and Matt. And Matt, of course. And Matt. I love Matt also. I love Matt. Brett and Matt are my top two guys in in in Palia. So guys, thank you very much. Thank you very much. Enjoy your uh what is it? Week Black Monday canled. Cancelled exactly as predicted. Join the freaking newsletter because if you were in the newsletter, you knew that Black Monday is for guys.

53:03 If you were not in the newsletter, I cannot save you. It's another thing, guys. I mean, how many people watch this uh channel? How many of you guys are in the newsletter? I see there is a gap. I see there is a gap. I listen, I can I can I can guide the horse to water. I can take your head. I can put it in the river, but man, you have to drink yourself, man.

53:23 You have to drink yourself. You have to drink yourself. I literally tell you, join the newsletter. I put you in the freaking literally I put you inside the river, but you need to drink yourself. You understand, man? I I can do everything for you, but only you can write your damn email in this box. I mean, I'm sorry, guys. I cannot write your email for you here.

53:52 I'm trying to be max service. Max service. Max everything convenient. But man, you have to type your email here. You have to click the buttons here yourself. That's it. That's it. And if you do, I'm going to be in your pocket. Whenever something happens, I'm going to tell you what's happening. That's fantastic, guys. Have a good day. Be shout to Dub and goodbye. the