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    Investing

    Clarifying Crypto

    The podcast where we breakdown cryptocurrencies, ask the basic questions and learn why this is something that even the most non-technical people should be paying attention to.

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    Latest Episodes:
    The Power of Swan Bitcoin With Cory Klippsten Dec 22, 2020

    There are two ways to invest in Bitcoin, losing your mind trying to time the market (this is my personal opinion) or slow, steady, and much more relaxing with dollar-cost averaging.

    After attempting to do the first one and failing miserably, I went for dollar-cost averaging and finally learned to relax.

    Swan Bitcoin was set-up to set it and forget it, and we had the honor of chatting with the founder, Cory Klippsten.

    In this episode, we chatted all things Swan and jumping into the long game of Bitcoin investing. We also got the inside scoop on what's to come for this amazing company and the various features they will be rolling out this year and next!

    If you're interested in signing up, use my link to get $10 free: https://www.swanbitcoin.com/Erin Gregor

    Also, other items mentioned in this episode:

    What Bitcoin Did: https://www.whatbitcoindid.com/

    'The Bitcoin Standard' Book

    Grab A Free Copy of the Book 'Inventing Bitcoin'

    Swan Signal Podcast: https://www.swanbitcoin.com/signal/

    Bitcoin TV: https://www.youtube.com/watch?v=Hv3NTan7_Jc&feature=youtu.be

    Swan Lounge Podcast: https://www.youtube.com/playlist?list=PLoB1eZWSVHVaCgLY1BA2Hvbu_fXeq0CZn

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 5,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    I also always have the Cash App on my phone to purchase Bitcoin quickly. Use this link for $10 when you sign up. https://cash.app/app/XKJSRQB

    I also use Swan Bitcoin (yes, I invest with all 3). Swan is the perfect way to do a set it and forget it dollar cost averaging investing. Use my link for free money on your account.

    https://www.swanbitcoin.com/Erin Gregor


    Free Bitcoin From Lolli with Aubrey Strobel Nov 19, 2020

    We're combining the love of Bitcoin and free money and sharing another one of our favorite plug-ins and soon to be apps of Lolli!

    Lolli is a way for you to get free Bitcoin by making purchases on all of your favorite things from retail to grocery to travel! I've been using Lolli for over a year now, and I can say it's truly legit!

    Thank you to Aubrey Strobel for joining us on this episode as we discussed what you need to know about the future of Lolli, how to best use it, and what we can expect from the app in the near future!

    Mentioned in this episode

    Lolli - (Use my link for $10 in free Bitcoin when you sign up --> https://www.lolli.com/ref/su72Kpnsem

    Lolli on Twitter: https://twitter.com/trylolli

    Lolli Deals on Twitter: https://twitter.com/LolliDeals

    Lolli TV: https://www.youtube.com/channel/UCTOhuGn16EPxmRnuZUR-JUw

    Aubrey on Twitter: https://twitter.com/aubreystrobel

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    I also always have the Cash App on my phone to purchase Bitcoin quickly. Use this link for $10 when you sign up. https://cash.app/app/XKJSRQB

    I also use Swan Bitcoin (yes, I invest with all 3). Swan is the perfect way to do a set it and forget it dollar cost averaging investing. Use my link for free money on your account.

    https://www.swanbitcoin.com/Erin Gregor


    The Fold App With Will Reeves Nov 09, 2020

    If you've listened to any other episode of Clarifying Crypto, you know Gary and I both love Bitcoin and a close second behind that is the Fold App! This is the perfect app for those who are looking to get their feet wet in Bitcoin, in addition to those who love Bitcoin and are looking to accumulate more any way they can.

    We were honored to have Fold's Founder, Will Reeves on our show this week to discuss the app. We talked about what has happened in the year that they've launched, the evolution of the app (and why it's exciting you can still earn FREE money). We also talked about the highly anticipated debit card that is arriving any day now.

    I can tell you, we've been learning about what's coming down the pipeline with this card, and it is going to be an AH-MAZING rewards card! Plus what's on the horizon for 2021 for this company.

    Things listed in this show:

    Link to the Fold App - and get 20,000 Satoshi's when you sign up: https://use.foldapp.com/r/gTcqtrPk

    The Telegram App (Or maybe I'm the only one who had never heard of this one, but just in case): https://telegram.org/

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    I also always have the Cash App on my phone to purchase Bitcoin quickly. Use this link for $10 when you sign up. https://cash.app/app/XKJSRQB

    I also use Swan Bitcoin (yes, I invest with all 3). Swan is the perfect way to do a set it and forget it dollar cost averaging investing. Use my link for free money on your account.

    https://www.swanbitcoin.com/Erin Gregor


    The Infamous @MsHodl Talks Bitcoin Nov 02, 2020

    Gary and I were honored to have @MsHodl, aka Justine join us on this episode of Clarifying Crypto. Justine is a force on Bitcoin Twitter, and is someone very open about sharing her journey into Bitcoin.

    We talked about the tipping point that made Justine finally decide to jump in, the learning curve of Bitcoin, building nodes, and so much more in this episode.

    Hopefully, this makes you realize that it’s time to finally jump in, if you’ve been sitting on the sidelines because all three of us are fully in this without a technical background.

    Things mentioned in this episode:

    Adam Curry - No Agenda Show: https://www.noagendashow.net/

    The Cold Card Wallet: https://coldcardwallet.com/

    Swan Bitcoin: https://www.swanbitcoin.com/Erin%20Gregor/

    Hive Blog: https://hive.blog/

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    I also always have the Cash App on my phone to purchase Bitcoin quickly. Use this link for $10 when you sign up. https://cash.app/app/XKJSRQB

    I also use Swan Bitcoin (yes, I invest with all 3). Swan is the perfect way to do a set it and forget it dollar cost averaging investing. Use my link for free money on your account.

    https://www.swanbitcoin.com/Erin Gregor


    BitBlockBoom 2020 Recap Oct 21, 2020

    In this episode:

    BitBlockBoom - held in August 2020 in Dallas, TX was a great conference focused on the Bitcoin Maximalist and featured speakers from all over the world. Gary is the founder and organizer of this event, and he talked about some of the ins and outs of putting on a successful event in the middle of the pandemic.

    And as great as all of the speakers were, the truly great part of the event was being able to connect with other Bitcoiners at the various dinners, brunches, and other networking events.

    Some of the talks that I loved during the event:

    Multisig wallets - Why you need to consider them, and the important facts to know about them for the future - Will Cole - https://twitter.com/willcole

    Robert Breedlove’s discussion about Masters and Slaves of Money —> https://twitter.com/Breedlove22

    Gradually, then Suddenly (the demise of the US Dollar) - Parker Lewis - https://twitter.com/parkeralewis

    Jeff Vandrew’s - An overview of US Taxation of Bitcoin - Jeff is also the guy who helps with setting up IRA’s with Bitcoin. (see below for info)

    If you missed the sessions and want to learn more about Bitcoin - here are the talks from the 2020 event: https://bitblockboom.com/bbb-2020-2/

    Mentions in this podcast:

    Rabit Hole Recap Podcast —> https://podcasts.apple.com/us/podcast/rabbit-hole-recap-week-of-2020-10-12/id1292381204?i=1000495014595

    Shamory Game —> https://shamory.com/

    Jimmy Song - The Little Bitcoin Book —> https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances/

    BitBlockBoom - Event - BitblockBoom.com

    Strike App —> https://strike.acinq.co/

    Guy Swan —> https://twitter.com/TheCryptoconomy

    Roth IRA’s —> https://keykeeperira.com/blog/

    Michael Saylor investing in Bitcoin —> https://www.coindesk.com/microstrategy-ceo-michael-saylor-bitcoin


    Are We On Pace For a 2000% Bitcoin Increase? Aug 16, 2020

    Recorded in April of 2020, we discussed how Bitcoin is showing to be on pace to simulate the huge increases we say back in 2017, which was a year after the last halving. Approximately every four years the number of Bitcoin miners are rewarded, divides in half.

    The last one was 2016, and we saw one in May 2020. So could it possibly see increases as big as 2000% (it's happened twice before). So buckle up because between the economy situation 2020 has created plus the halving, we might riding a pretty crazy roller coaster!

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    I also always have the Cash App on my phone to purchase Bitcoin quickly. Use this link for $10 when you sign up. https://cash.app/app/XKJSRQB

    I also use Swan Bitcoin (yes, I invest with all 3). Swan is the perfect way to do a set it and forget it dollar cost averaging investing. Use my link for free money on your account. https://www.swanbitcoin.com/Erin Gregor


    Want to Join BitBlockBoom in August?

    Head over to BitBlockBoom.com and use the code COUSINS for 30% off!


    Is It Time To Finally Believe In Bitcoin? Jul 31, 2020

    Recorded in April of 2020, we discuss life in quarantine, and what this will mean for Bitcoin in the future. Plus we talk about why reading and studying crypto can only get you so far.

    You can truly find a case for any stance you take on cryptocurrencies. Love them? You'll find lots of articles to support your stance. Hate them and think it's magic money, you'll find those articles too. At some point you have to make your own decision and go with your gut on whether or not to invest in this high-risk investment.

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    Want to Join BitBlockBoom in August?

    Head over to BitBlockBoom.com and use the code COUSINS for 30% off!


    The Stage Is Set For Bitcoin To Soar Jul 21, 2020

    Recording in March 2020, we breakdown the fall of the stock market, the printing of lots of fed money, interest rates hovering at zero, and what this actually means for Bitcoin. Even though Bitcoin fell with the stocks, what will the rise of this cryptocurrency be?

    Gary and I break all this down because this, exactly, is why Bitcoin was developed. It's as if the stage was specifically designed for this type of currency.

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    Want to Join BitBlockBoom in August?

    Head over to BitBlockBoom.com and use the code COUSINS for 30% off!

    Here's the official Episode Breakdown:

    Erin Gregor: All right welcome to another episode of clarifying crypto. I'm Erin Gregor here with my co-host, Gary Leland, Gary. Welcome.

    Gary Leland: All right. Howdy. Howdy. Glad to be back. Glad to be here, talking more, lots of stuff happening.

    Erin Gregor: We're recording this March, I guess 26 is what it is. We are in the middle of quarantine still.

    The stimulus package has just been announced and approved. Things went up a bit today, but I still don't trust anything. Bitcoin is up. We just hit 6,700 as we're recording this. So that's good to see. but Gary, tell me, tell me your thoughts through all this. Cause I know a lot of people are really excited to get their checks.

    From pretend money,

    Gary Leland: I'll take a check. I mean, you know, you could always my Bitcoin, you could always buy Bitcoin with it. I don't know if I'm going to get a check though, because you have to make $150K. I don't think I'm ready to get a check up.

    Erin Gregor: You could get a check. It just may not be as much. Okay.

    Gary Leland: And I don't have any kids. My kids are gone. So I kind of weird on the, like for instance, I'm just going to go through some examples here. My daughter's a nurse she's getting overtime right now. Is she going to get a check? I don't mind if she gets a check, but will she get a check? She's not losing any money.

    Erin Gregor: She will get a check. Cause it's based on last year's earnings, as far as I'm concerned.

    Gary Leland: And then my son in law. And daughter are in the he's in the Air Force and she's staying home. His pay hasn't been cut at all. So is he getting a check and is she getting a check? I mean, their pay hadn't been cut one bit.

    Erin Gregor: I don't think this is about pay cut. I think this is about giving people cash to stimulate the economy. So it doesn't matter if you got a pay cut.

    Gary Leland: I think it's about giving people cash to keep them happy. So they aren't bitching and going crazy when they see how much money that they are told out there everything helps. If they really wanted to keep everybody happy. I think when this ends up being like $6 trillion, I think I saw the math the other day, you can give every citizen a million dollars, for that kind of money. People don't realize, a trillion is like a hundred, 999,000 billion. I mean, it's not a little bit of money, right?

    It's like a thousand billion or something. I mean, you know, it's not a little bit of money. So for $6 million, you could give everybody a million dollars. Just say you gave everybody a hundred thousand. You think that was stimulate the economy. If that's what we're going for. Oh my gosh. The economy would be on overdrive.

    So I don't know. I don't know, understand the, just given people, small mass... that some people, you know, if you got two people in your household that work, minimal menial jobs, you know, if you're not educated, I'm not giving anyone a hard time. I'm just staying facts, you're not educated person. And you're working full time.

    Maybe McDonald's, you know, as a cook, I don't know what the cooks make. That could be the wrong example. And you've got four kids. You actually could be bringing home more money than you make when you work. Cause you're making like $4,000 a month era case, but then someone else, you know, like we, my businesses are all shut down.

    I'm not making any money. I'm not sure I'm going to get anything, you know, so, and then my son, he's not taking any cuts, so it's kind of a weird deal to me.

    Erin Gregor: Well, what freaks me out about it is where the money's coming from. I mean, it's just pretend at this point. I know we talked a little bit about this last week.

    This is the whole validation of Bitcoin, they're printing money. It's going to drive down the value of the U S dollar. As excited as people get about this. It's like, okay, where we're already in so much debt, where did we suddenly get $3 trillion from? Because..

    Gary Leland: And then you have to ask this question. If you could just print money, anytime you want. And this is, there's like the extreme case we're talking about putting now, why are they even collect taxes? Why don't they just print money? Why are they even collect taxes at all? They just print the money when they need, they don't have to take it from the people.

    Erin Gregor: Exactly. So I hate to be a sky is falling person.

    it's a little bit. Yeah, it's frightening a bit. So it's going to be interesting to see how this all pans out, but for me, I know we talked about this last week. It just means. More money for me into Bitcoin, because it's the exact reason why it was created because the dollar..

    Gary Leland: This is

    exactly why

    it was created was for this the last time it happened, when George Bush and Obama was saying, when it was created, it was created.

    And it says if that situation on overdrive, They're going to print like I used, cause they're really not printing it. maybe just doing it in a computer, but they're going to create more wealth or more money or take away more wealth, I guess, with the relation, they're going to create more money right now, than they did on all the Obama stuff.

    For sure. Probably half of our debt. So if we're $20 trillion in debt, it's going to go up. Our debt's going to go up 30% in a matter of months, not years.

    It's frightening.

    Erin Gregor: So I guess it's good things for Bitcoin. there's been predictions. I was reading actually today about, you know, some people think this will actually do well for Bitcoin because the price, people will possibly use the stimulus money to invest in Bitcoin could be something that's true.

    But I want to talk more about Bitcoin, because you had mentioned before the call, and I said, I'm not even going to ask you these questions. Cause I have so many questions right now. Let's save them for the recording. You, and I don't know if this was in your podcast. I always like to pimp out Four Minute Crypto, it's your podcast.

    You produce five days a week with format a four minute, blurb about Bitcoin. I don't know if this was in here or going to be in there, but you mentioned today the level of difficulty, correct me if I'm wrong. .. rose, you said for Bitcoin?

    Gary Leland: No, it drops. It drops.

    Okay. And you said difficulty, the mining difficulty factor, I think is.

    Erin Gregor: Okay. And you said it, it has in the past, we're not going to predict anything. We are not financial advisors. Please do not take our financial advice. We were just two people who like Bitcoin, but you said the last couple of times that's happened. There's actually been a reduction in Bitcoin. So can you talk a lit or reduction in price?

    Price of Bitcoin. Yes. Yeah. So can you talk about what that means and why it has a negative impact on the price of Bitcoin?

    Gary Leland: Well, Bitcoin, you know, comes out with a new block of approximately every 10 minutes and, when hash rate is going up for mining and then every two weeks and adjust and it sits substandard, there more people with mining and they're all making a ton of money because it's easy to do right now. So we're going to go through blocks faster. So we gotta make it harder. So will make it more difficult to mine. And so people are not getting as much Bitcoin, but they're still getting enough. So they're still coming on board. And then two weeks later he goes, ah, They're still hash rate is still real high.

    They're still mining like crazy. We're going through these blocks too fast, then it'll adjust again. And then it will harden again, and people will start dropping out. Meyers will start dropping out, but the whole goal of the difficulty adjustment is to keep the locks at 10 minutes or as close to 10 minutes as possible.

    Cause it, it happens every certain amount of blocks, the difficulty. changes but it's approximately every two weeks. And so that's, what's happening with that adjustment. That's what that adjustment.

    Erin Gregor: So how does it have a negative impact? Cause if I'm listening to that, I think, okay. So that means Bitcoin, isn't, it isn't as easy to obtain, which means the value of my Bitcoin should go up because it's not as much.

    So can you explain why that has a negative impact?

    Gary Leland: Well, your Bitcoin is not going be going up necessarily into, an adjustment because the fact that it lowered okay. That it lowered for a reason. And the reason is, no one was getting any Bitcoins. Okay. It was hard to mine. Miners quite mining and miners now they're not getting any new Bitcoin or it's costing them more to get Bitcoin because so many people are competing with them and they're just like any company they've got to have tasks, they're going to pay all their bills in cash. So they're selling their Bitcoin. Okay. So that's, what's happening to the miners.

    They can't sit on their Bitcoin and keep mining. That's their profit. So they've got to start selling Bitcoin to pay their bill, but they're not bringing any new Bitcoin in. So they're dumping the Bitcoin off the market there. Now, the reason I'm not exactly sure to be a hundred percent why it would go down after it got easier.

    But I do know that the it's happened in, maybe February of this year. And then hadn't really a lot and happened maybe a year and a half or two years ago. And what happened the time before, it went down 50% in a matter of a few months, price of Bitcoin. It just happened. And this time in February, it went down and went down about 25 or 30%, you know?

    So the reason it goes down after it's easier, I'm not sure as to whether it's because they're already selling it and it takes some water to get geared up or what the deal is, but it has the last two times. So that's why people are looking for a correlation there because a lot of people work off of history is what happened before.

    And the last two times. Then it dropped instead of going up the price drop. So that's what they're going with.

    Erin Gregor: And it makes sense too, because it says still Bitcoin is via, is more Bioteau because. There aren't as many people who own Bitcoin. Right. And so it can be, if there is a bigger sell off, if somebody who's hanging onto a lot of Bitcoin and like a miner ends up selling it off, it can have a negative impact or will have a negative impact.

    So that makes sense.

    Gary Leland: And if someone had offered a lower price, so they're having to sell it more. Okay. So that's about it. So you're mining Bitcoin and you're going, you know, we can mine Bitcoin and we're making 50 Bitcoin a day. But say, it takes 30 Bitcoin a day to cover our expenses. So we're making a profit at 20 Bitcoins a day, and all of a sudden people aren't getting as much and they're selling off. And now they can't sell it 30 Bitcoin a day and pay their expenses are still on 40 Bitcoin a day to make their expenses because it's dropped. So they're selling more Bitcoin, more Bitcoins in the market and blah, blah, blah, blah, blah, blah.

    Erin Gregor: All right. So it could be an opportunity to pick up some more Bitcoin, I guess.

    Gary Leland: The coins up today. I mean, it's looking good right now, so it's just really moving.

    Right, right now, as I look at it, you know, 67, 56, you know, it's had a hard time passing that 7,900 mark. Every time it hits 7,900 wham, it drops, you know, right there. You just can't.. If it can pass that, I think we've probably go up a few more hundred. They just can't pass that barrier.

    Erin Gregor: Yeah. No, I well, and again, I'm I see it going past there eventually.

    I think right now we're kind of in a perfect storm of crap.

    We do have 50 days until the halving. Right? Not exactly, but it's in the 50 day area till I have them. So the amount of Bitcoin miners get for their work is going to cut in half. So yeah, that's kind of a two edge sword, you know? some smaller miners may not be able to afford to mine.

    Gary Leland: It's not going to shoot up overnight. I mean, it's not like it's ever gone. Okay. It's in half and it doubled the next day. Just one of those things. I think one time maybe it went up going towards that and then what happened, it dropped a little, and then later it went back up, you know, it's kind of like buy on the rumor, sell on the news.

    Yeah, type thing. And so I think it will go up, but not right away. So it kind of can do harm to itself by the fact that some people go, I can't afford to mine cause I'm want to get half as much now, you know, as Bitcoin shoots up, so then they're not mining. And then the whole thing happens again. It gets difficulty rating adjumstent and get more back.

    Yeah. And we have such a new thing. So it's exactly.

    Erin Gregor: Yeah. Yeah. And we were talking about this before, too. Like I'd read about the mining being going down because of the having, because they're not going to get as much and it could have a negative impact on the price of Bitcoin too. But I know you and I've talked about too.

    I mean, I don't, we're, we're ho ho holding it for a long time, hoddlers, as you call them, but it's too, it's not one of those things where, you know, I'm sitting here waiting for a $30,000 Bitcoin price in June, right? Like, I mean,

    Gary Leland: I'm waiting for Christmas.

    Erin Gregor: I was going to say next year is what I'm thinking.

    I mean, I think we'll see something good happen next year.

    Gary Leland: You know, I'm not a financial advisor either. I know it's possible because you know, in 2017, you know, Bitcoin went from in August $3,600 and by Christmas it was $19,000. Wow. So it can move like that. I'm not saying it's gone. I'm just saying it's very possible to do.

    Yeah. Once you see MSNBC and Fox news and everybody starts talking about it and it starts moving and people start getting FOMO scared. They're going to miss out. It really is a, it creates its own thing. But this time, you know, this will be our third halving. You know, for those who don't know, every 4 years, the amount of new Bitcoin brought into the market goes in half.

    And so it started that you got 50 Bitcoins every 10 minutes, and then it dropped to 25 and now it's a 12 and a half, and it's getting ready to drop to six and a quarter. And when it drops to six and a quarter, the inflation rate, because they're only 6 and a quarter Bitcoin created every 10 minutes is actually lower for Bitcoin for the first time than it is on gold.

    They don't have the like lowest inflation rate, especially compared to the U S dollar, but it will have the lowest inflation rate out there. So there's a lot of stuff going in, but it's a lot of stuff that there's not a long record out there is with the stock market. You know, so people are having used small amounts of data, to form, their opinions.

    Erin Gregor: Yeah. Well, and even still, even with long amounts of data, it's not like, I mean, nobody can predict what's happening now. You can't look at it. So it's data is, Oh, they can do so much, from a prediction.

    Gary Leland: This Coronavirus could be the best thing that ever happened for big point. It's like the, all the mass storm is all coming at one time, growing a virus.

    The trillions of dollars, money being created, the halvening a lot of stuff happening at one time here for Bitcoin just couldn't be the perfect storm of everything happened. you know, banks are shuttingCdown. People have a hard time getting money out of banks. We talked about that last. Yeah, yeah, yeah, yeah.

    And so I'm missing a lot of stuff going on. Right. And then you have. You know, you were talking about earlier, it was in the bill for the coronavirus money. I don't know what the bill is actually called. They had in there for, cryptocurrency for our federal, federal cryptocurrency in there.

    Talk about that because I had sent that article to you, I guess it was.

    A couple of days ago when it was proposed, it was in the proposed bill. It did not make it, but one of the things that was writtenin there was a, a cryptocurrency that we could, that could create a digital wallet and they could send the money via crypto. And so I'll be honest with you. Having my limited amount of education in Bitcoin.

    So learning about it, I kind of freaked out. I was like, Oh my God, is this the thing where the U S you know, we've talked about, like why we have to protect our money in case they're going to come and try to steal my Bitcoin. And I said to you, you know, I really want to talk about this. Is this a good thing for Bitcoin?

    Erin Gregor: Is this a bad thing? Is this mean the U S is trying to get their hands on the wealth of, of the people who have Bitcoin. So I'd love your feedback on.

    Gary Leland: I don't think there's anything that you would get in the money or Bitcoin people's Bitcoin. I don't think it has anything to do with that.

    They just shut down all of the exchanges if they wanted to do that and take the Bitcoin. Cause there's probably more money sitting on exchanges that just idiots...


    When It Crashes, Do You Buy or Sell? Jul 05, 2020

    This episode was recorded in March 2020 when the market crashed after states started announcing shut-downs over COVID-19.

    It's an interesting time. We saw the stock market crash, and even saw Bitcoin fall to $3800. Many got scared and sold, while others found it an opportunity to pick up investments at a discount?

    The age-old investing advice has always held true, sell high and buy low.

    What type of investor are you? Did you see this as an opportunity or a time to run? Gary and I talked about stance, and how we reacted to the start of this extremely wild roller coaster.

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    Want to Join BitBlockBoom in August?

    Head over to BitBlockBoom.com and use the code COUSINS for 30% off!

    Here is the full episode breakdown:

    BloodBath

    Erin Gregor: Welcome. We've got an interesting episode of Clarifying Crypto. I'm Erin Gregor. I'm with my cohost Gary Leland, Gary. Welcome. We're in the middle of the blood bath.

    Gary Leland: The blood bath is right. It's a strange and trying times. There's a lot, a lot of weird wild, wacky, crazy weird stuff going on. There's a lot of weird stuff.

    Erin Gregor: So we're recording this on March 17th, Happy St. Patrick's day. Uh, even though we're all sitting inside quarantine.

    Gary Leland: So, no, I don't know if you're having any green beer. We're not at our house. You know, my father died on st Patrick's day. So I really, it's not a time to celebrate. It's been 15 years, but it's just, it's kind of weird, you know, wish he hadn't died on a holiday, which isn't bad at all, but especially on a holiday.

    Cause I used to go out and get drunk on green beer, everything.

    Erin Gregor: Yeah, well, sorry about that. But, uh, anyway, it's been an issue, like we said, it's been an interesting week. So the question is we were talking about it before we hit record, but we have been going go down, go down to 3,800. Were you able to buy at the 3,800?

    Gary Leland: No, I wasn't. I was buying on the way down when it got to 30, I don't know I was using the Cash App, which you talked about quite a bit last week. And when it got to 3,800, I said, well, I'm just going to go ahead and buy a Bitcoin. And I went to buy and it told me I had reached my limit for the day already.

    So I can buy at the low for the day. I think the last time I bought anyways, it's 4,200, but at 38, I said, this is it. It's not going to be any cheaper than this. I'm just going to go ahead and get it over with. And I was right. That was the low basically. How did you know it's not going to get any cheaper cause I've been reading.

    Erin Gregor: it's just interesting. Cause I've been reading like could it get down to 32 could get down to the low threes. Like what was your gut telling you on that? That, that was your little. Cause I, I can't, I'm going to be honest with you. Any mojo? I think I've gotten and figuring out Bitcoin is just I'm done. I can't figure it out.

    Gary Leland: That was, uh, that was the low 32 is basically the low 32 is basically the load. Then it got to. After the drop from 19, it went down to 32, which was in March of last year. So a year ago, I just felt like 38 was close enough to go ahead and jump on it, you know, maybe say, and I knew that was the low was wrong, but I felt like at 38 you can't go wrong.

    Even if it drops to a thousand, you can't go wrong. So I was going to go in it and if it dropped more, I buy another one. Right. You know, so but I thought 38 was the point instead of buying a hundred dollars worth or $200 worth a day on my income, averaging I thought it was a good enough amount to go ahead and make the call.

    Now, what is it? 53 now. So that would have been a good call.

    Erin Gregor: Yeah, it would have been a good call, but it keeps going up and down. I mean, the FA... what's going on. I mean, you're seeing this in the stock market. You're seeing it in Bitcoin and what's been interesting too.

    Yeah. Oh, no, no, no, I didn't get the question. That's why I was just, So, yeah. So with the, with the whole, with all the stock market, I mean, everything is going down and every time you think you have what you buy a deal, I've been buying stocks at quote unquote deals, and then the deal gets better the next day.

    So I'm really, really not doing that well, but on a, you know, I'm. You, and I talk a lot about this and we are not financial advisors, which you need to do your own research before you do anything of what we're talking about, but, you know, it's that whole longterm income. But in doing that and reading a lot about this, it's been one of those things where, um, there's been a lot of talk about Bitcoin showing.

    Is it really that great of an alternative, uh, of, uh, alternative investment? Because it is falling with the stock market because it's right in line there. We've talked a little bit about this last week, but seeing what's happened, you know, in the past week, what are your thoughts on that? Because it's falling, you can see the decisions every time it's crappy decisions made by the government.

    Every time they make an announcement stocks, fall, Bitcoin is, is following that same pattern. Well, you know, I think though yesterday, I think was one of the worst days in histories in the stock market. Bitcoin held its own. Yeah. No, everything go down yesterday and yesterday, I think they had to stop the market.

    So Bitcoin didn't actually follow it yesterday. And if you look at the things that are dropping, Gold's dropping, Silver's dropping, everything is dropping. It's not, it's not just stocks and Bitcoin. It's everything, which is kind of weird to me. It seems it's as if there is no safe Haven. And then you've got to realize Bitcoin is still trying to.

    Grow into a safe Haven and an asset. That's not hooked up to anything it's young. So, so it's still growing into that. Um, so, you know, to me, if it's able to make its way through this crisis right now that strengthens it from that aspect as to being a safe Haven, but it's still trying to grow into one. Um, just my thought on it.

    But like I said, everything's going down and, and if you've got a lot of money and your guy tells you to get out of everything, You're probably getting at it, everything, you know, and probably everything. And then also I read the other day, most of the Bitcoin right now, and it's being sold a ton of it's coming from companies that have invested in digital assets.

    And most of it's being bought by people. So it's being bought by people. And so by corporations and stuff that are getting added digital access during these times. So, you know, long term, that can be a good dude because the handlers are still holding the people who truly believe I'm not selling, you know, and I'm sending people.

    Yeah. And I'm buying two, I bought some more this morning. So, so the handlers are still buying and increasing their position. Yeah. Yeah. We'll find out who's right. I mean, you know, but, uh, yeah, there's a lot of panicking going on and if you just got into Bitcoin for the first time, your buddy said, Hey, you might want to buy some Bitcoin and you bought $50,000 worth that $10,000.

    You're probably panicking right now. Right? Yeah. And they talked a lot too, like, we're good. We're going to get into a point where some people are going to need cash. And unfortunately, you know, that cash is either tied up into a stock or, or a Bitcoin or something along those lines. So selling will have to happen in cases like that, to where, uh, you know, they need that money.

    So unfortunately you're going to see more selling. I think, I don't think the, I don't think we're done with this. I don't think we're at the bottom, whether it's in whatever. I think there's going to be a lot more playing out. Well, I think Bitcoin got hit with a double whammy. Uh, compared to stocks, our goal and that's reason.

    So you consider Bitcoin got the double whammy. I'm going to call it. I think it's done pretty good, but you know, Bitcoin, before the stock market went, this bad was already having trouble from the one coin. Scam that happened. You know, one coin was a scam that happened last year, a multilevel marketing of a coin.

    Gary Leland: This lady made who evidently was really smart because she made a lot of money and she talked people into buying the one coin with their Bitcoin. And so all these people invested in one coin, a coin she made, and whenever people would say something, you know, she would convince a with her conventions and stuff that scam they're trying to.

    Take your money, keep it in one coin, spend your Bitcoin. And one day she disappeared. I heard about, yeah, well, like right before all this started happening, I told my wife and said, we're getting ready to see Bitcoin drop maybe to 7,500 7,200, because a lot of that one coin or a lot of Bitcoin that she had had been moved to exchanges.

    Whenever you see something. Big like that. That's from a scam moving, they're getting ready to sell it. And so that price was already going down. I believe from the Bitcoin and the OneCoin scam. Now the Bitcoin wasn't a scam. Just clear that up for the audience. She made a scam coin to get people's Bitcoin.

    So the big point was a good Bitcoin. It was spent on a scam and people freely gave her their Bitcoin talk, their friends and relatives, and to given the Bitcoin. Way to get the scam coin. Cause it was a multilevel marketing thing. And then she disappeared. Now there was warrants for arrest. She had like $10 billion or something.

    She got out of people in that coin. Like I said, it started moving and whenever that stuff sits still for a long time, it started moving. That means it's going to probably be going and being sold and dumped on the market. So I was looking for a drop already. Then you had this happened with the financial stuff on top of that.

    So, like I said, we've had an incredible drop, but I think we had a double whammy hit on, not just, not just the financial thing we had the one coin sell off too. Yeah. And so the fact that it set sitting at around 40 or 53, 5,400, isn't horrible.

    Erin Gregor: Did they ever find that woman there's a podcast about it, right?

    Gary Leland: Yeah. I'm sure there is. Also been interviews with people taking in the scam. And at first, you know, they were arguing with the people. This is not a scam. You're crazy. And then they've gone back to those same people. No, you were right. I should have listened to you. I got scammed terribly bad. I lost all my money.

    My parents lost their money, you know, from her, but her brother took over when she disappeared, but I think he's been arrested also, but they've not been able to find her. So she disappeared with the keys to the, uh, to the wallet. And no one has found her and she's very well at the person right now. We may catch her and they can send everybody their money that are out.

    If you consider that it's to me, Bitcoin is done. Okay. Cause this had this more than any other assets had happened to them and they've all gone down. Right. So, no, and that's a good thought. And right now, too, we were talking about this too, before I hit record, but the fed keeps announcing, I mean, it was started as a 700 million or $700 billion trial, a bail out.

    They're going to lend money to hotels and airlines. And that number keeps increasing where we're getting this number, this money I'm still very unsure. Hahaha. But, um, now we're going to get there talking about everybody's going to get it just a check sent to them. It's going to be like Christmas. We're all gonna get a thousand dollars.

    Uh, I like the idea hearing where they aren't gonna charge. It will make us pay income taxes for last year, more than a thousand dollars. I heard that one yesterday and the day before you're talking about canceling the income tax, no one has paid income tax for their income from 2019. That wouldn't be a good deal.

    That'd be a great deal. But actually it would be pretty, pretty fair to cause the people who made more money, haven't gotten hit harder than the people. I think who didn't make as much. Cause people didn't make as much, haven't taken a big loss, you know, and don't have as big a bills as the people who did make a lot.

    So if they did something like that, it's proportioned according to your income. Yeah, it probably is too fair to me. Cause that's seems more fair. I mean, it's nice. Everybody got a thousand dollars, but a thousand dollars to someone who makes a million dollars a year, it's not going to help them out very much.

    You know, someone who makes minimum wage is going to be a big deal. But the only side to that is the people probably making minimum wage or harder up on a job right now than the person making a million dollars. Right. I mean, hopefully the person making a million dollars, isn't hit too. I mean, you have to be super irresponsible if the market goes down and you're hit that hard that you can't pay your bills.

    And I think it's, Oh, no, I'm not saying they can't pay their bills. Let's say for instance, not to, I'm not saying I make a million dollars, but my retail store, I haven't had a person at my store at three days. Wow, come in my store or like my wallpaper store is for some reason they're going into wallpaper store, but my other going into paper stores it's because now is the time to get all the projects done.

    Erin Gregor: We have spent so much money at Home Depot because you're in your house all day and you're looking around going...

    Gary Leland: Yeah, that might be it. Cause we've had a good day today, but no one, but all softball games and baseball games, tournament games are canceled. So no one was buying baseball, softball equipment, my sporting in store.

    So technically I'm going to weather through this fine, but I'm going to lose a lot of money, right. You don't know, by being open in case someone does want to come, because I don't want to like lay off my employees and say, you guys stay home. They need the money, you know? So I'm keeping the doors open. If I was wanting to be a greedy little pig, I just go, I'm not making enough to make it worth it, even do the employees.

    So I'm just going to shut it all down until it's better. And then they would be hurting. So that's why I said, yo, people who have more money I think are going to have a much bigger loss. I'm not saying they can't live. They just going to have a really big loss. Yeah, no, I agree. But I feel like too with this whole, I mean, I'm going to be honest with you.

    Erin Gregor: The whole bailout, the whole 0% interest. All of these things that the feds are just like knee jerking and putting out there make me so much more nervous than the coronavirus. Like I agree.

    Gary Leland: I couldn't get hurt by this, in the long term, but you know, you got 0% interest rate, quantitative easing going on both of those at the same time.

    If they don't work. There's nothing left. Right. You know, I mean, and like I said, the I'll take the thousand dollars. Don't get me wrong. I'd take $500. But a, those two of the quantitative easing and the, um, the 0% interest rates, I don't know what more you can do besides that, you know? And that brought up, brought me to my.

    Other thing I was telling you about money in the bank, trying to get this.

    Erin Gregor: So this is super interesting again, with the whole false idea that the money is ours. Everything is taken care of tell this story because I feel it's really interesting. I had no idea about this.

    Gary Leland: Well, we went down to Fredericksburg for the weekend in which I guess 65 year olds shouldn't be out in public.

    Much less to go on vacation, but one of the way back from reading blogs, I said, you know, I'm seeing money. In Manhattan. Uh, they went, had to run on the banks last week and they were only allowed to get out $3,000 from Bank of America. They had limited it to $3,000. So we decided Monday morning, we were going to go to the bank and pull out, just pull out like 8,500 or something , a little bit of cash.

    So my wife went to the bank yesterday, said I'd like to withdraw 8,500, which we have way more than enough. It's not like there's not enough in there. And they said, the all you can have today is $2,500. And she's like what? And they said, that's all you can have is 2,500. That's all we're giving people are $2,500.

    Um, and she was a little upset and she was like you going, but that's my money. Which, as I told her, when you got home, as I told you, it's really not your money. Well, it's not your money. It's the government's money, it's the fed's money, it's not your money. They're allowing you to use that money. They can take it away. anytime they want to. They do it from people all the time. They take money all the time for people's accounts. You know, they shut it down with us for criminal reasons or whatever. Or they take it cause it's not yours. It's theirs to do what they want with. And I'm not saying they aren't proper reasons to take it.

    Don't get me wrong. It's just an example that they can take that money and time they want to, it's not really yours, it's theirs. And they allow you to have it. You have permission to have that money. That's how I look at it. But anyway, she was able to get $2,500 and they said you can come back tomorrow and get more.

    But I haven't talked to her today. I'm open. It's still $2,500 a day. It could be $2,000 today. You know, it could be $1,500 tomorrow. I don't know what the limit is. The more people that figure it out and start going by to get money. The less is going to be, cause they only have so much cash in the bank.

    Right. I was talking to my sister yesterday. I told her, she goes, well, where did I do with my money? I give them my money. What do they do with my money? I said, do you really give them money? Or do you give them a check or a transfer? And she goes, well, a paycheck. I said, well, you really don't give them cash.

    Do you? So why would they have that cash sitting? You know? So, um, Yeah, it's limited on what you can get right now. She went by her bank and asked for $5,000 and they gave her $5,000 and she says,...


    How Much Does It Cost To Purchase Cryptocurrency? Jun 18, 2020

    When you begin buying Cryptocurrency, you may come into a bit of sticker shock when you start seeing the fees that are charged. However, the fees are not all the same.

    In this episode, we discuss the main website to purchase cryptocurrency, and what kind of fees each charge.

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    Want to Join BitBlockBoom in August?

    Head over to BitBlockBoom.com and use the code COUSINS for 30% off!

    Full Episode Transcription

    Erin Gregor: Alright, so welcome back to another episode of Clarifying Crypto. I'm Erin Gregor. I'm here with my cohost, Gary Leland. Gary, welcome. Yeah, so it's good to be back. And I've got an official announcement. We are finally officially up. Well, everything's been sent, I don't know where exactly we're all up yet, but by the time this goes live.

    The website is live, we're up on all the major places now. So finally got the wallet set up. So if anybody wants to donate, they can go onto the site clarifyingcrypto.com and go do that. So we are. We are finally official, official, official. It took me a little bit longer than it typically does, but, had to build a website, had to get a wallet, had to do all kinds of stuff.

    Gary Leland: So, we are official and I'm excited to see, what you've done. Yeah. Make sure right now this is going to be fixed by the time this goes live, but you gotta type in www.clarifyingcrypto.com. I'll get all the non www done. Yes. So, but yeah, so we're official and we are recording this. It's been an interesting week.

    Erin Gregor: You and I have talked, we were pre talking before hitting record. So today is March, I guess, 12 we're in the huge downfall of the, the free fall of the stock market, which has also shown a free fall of Bitcoin prices. As we're recording this right now, it's at $5,800. I know we're talking about, you know, picking some up and buying some again, we are not financial.

    Investors or advisors. So don't listen to us, do your own research before you decide what you're going to do, but, tell me your thoughts on this whole crash. Like we're watching Bitcoin fall or watching the stock market fall. Kind of where we were. Have you been sitting in all of this and how are you doing well?

    Gary Leland: You know, I'm just little said. I just thought we just, my wife and I just did put like seven grand each and two for one or two IRAs, like a week before this happened. You, I wish we waited till now. I mean, we've seen a good bit of that gone, but you know, I'm just kind of riding it out and in the stock market, I mean, you know, I feel like everything comes back sooner or later.

    I don't think this is the end of the world. And I think there's some great values out there. I'd probably if I was buying it, but I'm putting my money right now with the Bitcoin, you know, I just did IRAs cause I'm, you know, in a stock market. Cause that's what we do. But I put it in a Bitcoin company in the stock market from IRA, but I'm riding Bitcoin.

    I've been buying every day. We were saying earlier in the show, I'm really excited. I've been dollar cost averaging. I was going to buy a bitcoin about three weeks ago. And I decided just to buy like a hundred dollars worth today and yeah, I'm cleaning up. I'm really glad. It's the way it's going. I might end up with a bit Quinn and a half where I went ahead of Bitcoin, you know, with a mail or mine, you know what the price dropping I saw this morning.

    I didn't get to read the article, but I just saw a few minutes ago during this crash, the number of people that own one Bitcoin is it all time high. So evidently a lot of people have been taking advantage of it. I didn't get to read much of the article there. So that's really good to know because. I recall it was our last episode.

    Erin Gregor: When I, when I had asked you, I said, you know, I thought it was interesting because we were starting to see some dips and I had the impression that, and, and a naive impression, I'll just put it that way. Uneducated thought, like maybe Bitcoin will go up when the stock market went down, but we're seeing it flow.

    And so I did some research. since then, just to say, okay, you know, what can we, what can we expect? Or what does this look like? And it is one of those things where there's just not enough history. Like, it looks like Bitcoin goes up with, but we don't know. And a lot of people, because it is an investment and especially like a.

    more risky investment. We'll just say that a lot of people get more scared when the stock market's going down. You know, if they're safe, money's going, that's, I'm using air quotes. As I say, safe money is going down, then, you know, what about Bitcoin? So it's interesting to say that you say that like maybe possibly more people are buying.

    And now as this, I mean, we're about, I don't think what we're seeing of downfalls and free falls of the stock market. I don't think it's over because we're not even going to see yet. What's happening to these companies that are going to be affected by, you know, the airlines, the restaurants, the, you know, all of these companies that are going to be affected by what's happening with the coronavirus.

    Gary Leland: And so it's going to be interesting. To see what happens in the longterm. Yeah. But you got people like Scott towels who must be cleaning up. I mean, they are close to running out of toilet paper. I guarantee you that there's tons and tons of that stuff around, but that's, that's being bought up like no tomorrow.

    Erin Gregor: Yeah. I

    Gary Leland: bought some 3M cause they

    Erin Gregor: make the masks. Like there are some winners on this, you know, it's an interesting winter that I didn't even think of. Like zoom as we're recording this on zoom, zoom software, like they're going through the roof right now. Because all these companies are making people work from home.

    Gary Leland: All these gaming companies are going through the roof too. And I bet Netflix is because people aren't going to theater. So I'll tell you what else is going through the roof right now? Probably that we don't see is Uber probably going through the roof. They're charging, the accelerated rate almost everywhere.

    Cause no one's wanting to take trains or buses, especially like in New York, my friend, Marty, Ben. He usually takes an Uber to work in New York and it's $8 cost him $55 the other day. Cause they charged for those. High rates because it's so busy, but it's so busy. Cause everybody's taking Uber's no one wants to take the subway, you know?

    So, and there's some things, you know, when you think about it, there's, there's no way they're going out of business. I mean, I can't think of a thing, but there's some companies that you just think about it, it's a stable it's that matter where there's a chronic virus or not, it's just, everybody's like scare, they're fearful and they're worried.

    And, you know, Warren buffet says, you know, by when there's blood in the streets exhibit, and there's a lot of blood in the streets and I've been the sad part. He's got a lot of blood right now in the street. There's a lot of blood and I've been, I've been picking up some good deals, but then the deals just kind of keep on getting better and I'm like, damn it.

    Erin Gregor: So I shouldn't have bought yet. Yeah. I kinda bought, I bought some, I got some Apple quote unquote shoe. Like I said, I picked up some 3m, like, you know, Disney, like you're going to see these. You know, they're going to, I think, going to fall even more because you're going to see it affect it. So anyway, it's just really interesting, but I'm, I'm sticking to my guns and, I loved you when you told me, cause we're going to talk about the cash app and so.

    I was using the cash app. I was really annoyed. I was ready to throw my phone through the wall with trying to get the cash app to work. And I remember, and you said, Oh yeah, I just buy a hundred a day. I'm like, Oh my God, that's so genius to do so I put some money in another account and started buying every day.

    And I'm sticking to that. Like, I'm going to keep. You know, now is the time I'm, I'm going to keep buying, keep going in. And, I'm just glad I'm at a place because typically when we've well, in 2008, I wasn't at a place where I could pick up a lot. So I feel very grateful that I can, you know, hang out in the sh in the bloody streets right now and pick up some stuff.

    Gary Leland: Dollar cost averaging is the way a good way to buy. I mean, as over, especially in Bitcoin, if you go over the history of Bitcoin, if you. Had dollar cost average, you know, over a certain over a year period of time, you always are a winner. You know, actually in 2017, you know, in 2017, Bitcoin had reached a 19,000 and change and dropped all the way to 3,200.

    And then, so a year later it was 3,200, but if you had bought every week, starting at the 19,000. And bought for two years, you were up, even though you started buying it a price, it still hasn't reached yet. Exactly. Yeah. Cause it wasn't that high. It wasn't $19,000 that long. Yeah. So yeah. I'm all right. With some deals and I'm going to, excuse me.

    Erin Gregor: I still am getting over a cold. We've been, we've been quarantining ourselves here cause we've been all sick. So I'm going a little stir. Crazy. Just. In the house and I pray to God, we all don't go through a massive quarantine cause I'm going to probably lose my mind if that's the case. But, all right.

    Let's I always love to start the show too with, you have a show called, Four Minute Crypto, five days a week. You post a news story about crypto. We haven't talked in a couple of weeks, so we'd love to know anything that really sticks out for you on news of, of crypto. It seems like there's been a lot of good stuff coming through.

    Gary Leland: There's been a lot of good stuff and a lot of bad stuff too, but, you know, not really that bad stuff, just I'm real depressed with the, conference situation across the country. Yeah. So what's happening with the big conferences you're going to stick. You've got Bitbucket. Boom. I would assume you're far enough out that there's no decisions being made yet, right?

    I'm into August. I feel pretty comfortable. I think that they'll have this. I would think almost everybody would have caught it by August. You know what I mean? I mean, this sounds crazy, but I mean, you know, the way it's spreading, I would think everybody's got it and got well by then, but I'm still going with mine, but you know, I was supposed to, during between the last week of February and the first week of April, I was supposed to go to five conferences and they're all canceled.

    Erin Gregor: Wow. I was going to consensus in New York and may, that may be canceled, you know, so a South by Southwest was canceled. South by Southwest was canceled. That is crazy to me. It's like 250,000 people and they're not refunding people. Did you see that? No. No, I didn't. I'm glad. How can they not refund people?

    It's like in a clause that they're trying to get around the we're possibly going to reschedule it. But what I saw, the last news thing I saw and know this could change that they were not going to refund people who bought tickets, which I think is total BS, but they've laid off like 30%, 30% or something.

    Gary Leland: They have 175 employees. And I think like 35 or 30% of people have already been laid off from there. Like there's a lot of money being lost by what's happening right now. Yeah. And think of all the local vendors and local bars and local musicians and maintenance, a lot of people who bought, saw it at money, you know?

    And then, then again though, you know, if you think I'm just going to use my conference, as a base, you know, cause that's the only one I do. I've already guaranteed. All those homes, hotel rooms, I've guaranteed almost 300 hotel rooms. I've guaranteed, you know, thousands of dollars in food expenditure.

    Erin Gregor: And I don't have an escape clause for a pandemic. I mean, we didn't think of that. So it would be up to the hotel. The hotel could go. Hey, sorry, dude. So we can't help it. You're not having your conference. You owe us thousands and thousands of dollars. So a act of God though, like if there's an, a national or a state emergency or something, I don't know.

    Gary Leland: I called my contact. I don't negotiate with hotels. I use a hotel negotiation company, but there is something in your contract that should have a clause of act of God. And I actually have a friend, we were in a mastermind together and she's got an event coming up and I'm like, I would just cause she's going to keep up with it.

    She's like two weeks away. And, and I'm like, you gotta talk with them. Yeah. Like what a mess. But, is the conference I was looking at, I tried to get a ticket, the big one in San Francisco. It's at the end of this month. Is that canceled? I guess it is canceled. It's canceled. Yeah. Yeah, it's canceled for sure.

    So, yeah, that's bad news. That's bad news for them. They're rescheduling, they said for third quarter, but I'm, you know, talking to them a lot because, you know, mindset and third quarter, you know, and there's this huge in mind say more of a, you know, a smaller conference in there. So, and we had a lot of the same people that, so they, when I talked to them, they said, yeah, they'd been contacted quite a few times by people to let.

    People letting them know the Bit Block Boom was the same time, you know? So, so they're aware of that and are trying to work around it, but that's a big conference to reschedule and, I hate to be, sounding like I'm, I'm not concerned, which I definitely am concerned, but you know, it actually could be great for a Bit Block Boom.

    I mean, you know, every conference cancels up until June, June, and then they cure it and everything's okay. And. You know, my conference is coming up. I mean, it could be great and it could be bad. I mean, it's going to be one way or other, so you're going to be a nightmare or the best thing that could happen to the conference.

    Not the best thing that happened to the people or the world. I'm just talking, I'm just being run, just being realistic here, you know, and, and open them at. So we'll see what happens, but I'm open next year at next week. And no one else has a cancer conferences and no one else has to get sick or die. You know, you could be in a perfect storm of good, not gonna lie.

    So, you know, stock market goes down. People may be going into crypto, which will affect the price. Cause it is, I mean, it's, it's going to happen happening coming up in 60 days. And then you've got all these conferences. So you could be, yeah. I talked to a friend of mine. He just did pod Fest. I just got through talking to him this morning and last weekend in, Florida, it'll probably be the last podcast conference in the U S for awhile.

    And he say, he gave me a lot of great tips, what they did. They had everywhere. They had those PRL stations set up, you know, and then they had a dots on people's badges, like a big red dot. If the person could say, put one of those dots, my badge, and I meant that person didn't want to shake hands. So don't try to shake hands with them.

    So he gave me lots of things they were doing to make people feel more comfortable, you know, at the thing. So even if it's over my August, I think they'd be good things to do, you know, to follow through. I can't believe we're at this spot we're at, and obviously I have nothing. I can't predict anything.

    It's I think we're going to be over this by, I mean, I wouldn't say that they're warms up. It's I think as the weather warms up, I think these foreign countries that are working on this cause you know, China did release the DNA sequencing of the virus or whatever. And so everybody's working on it and not all of those countries are like us when it comes to testing stuff.

    Erin Gregor: Right. You know what I mean? They are going to do the years of testing. So somebody is going to some country is going to whip that thing out quick and start putting it in people. Well, sorry for those people, but are people are probably going to be the test subjects and we'll find out that it's working or not.

    So I think it would be cure fast. And I mean, here's the thing like, so my husband, JJ is a chiropractor and he even told me this back in December. I remember he's like, you know, there's this weird strain of need. I don't think he actually called it the flu. And he's like, there's this weird strain going around.

    What's really affecting people in the upper respiratory. He said it. We've not tested for it yet. So you can't tell me, it's just getting in the U S it's BIA. And if you're not sick enough to go into the doctor, no, one's going to know you had it. Right. So I think it's, there's no way it could have just stayed in.

    I mean, The, like I was at CES in January, if that thing was coming, I mean, there's no way that, that the, the show was like, yeah, I was gonna say, yeah, that's true. It was half Asian there. Yeah. So, I mean, it's been in the U S like, there's no way it just came in the U S we just happen to just test for it. So it's like a flu where I think sure.

    Gary Leland: It'll trickle out, you know, but. And I've read it hates heat. So hopefully I asked, I'm thinking summer's coming August. You know, someone posted the other day going Gary Leland could look like a genius doing a conference when it's hotter than hell in August. Exactly. He'll just like lay out in the Texas heat for about five, five minutes.

    Kill all the Corona virus that's on you and then come on in. Well, yeah, I really feel bad joking about it cause it's not a joking matter. So I'm not, I'm not laughing about it, but. I, I said, I hope it's over with, I have financial things. I'm kind of concerned about in the back of my mind, I guess. And, still, I'm hoping those work out for me, but, I am a cannabis greedy pig when it comes to money.

    I don't want anyone any harm, right? I don't want anyone to be harmed in my process of gaining my money. So how about good news? Like we talked about any, like, I know I saw a square, just put out a grant for people. Well, they've been doing


    Understanding the Lightning Network May 28, 2020

    When it comes to understanding Cryptocurrencies, there are so many terms thrown around, and the Lightning Network is one of those. In this episode we discuss what this is and why it's important. In addition, we talk about what you need to transfer Satoshi's, and learning more about wallets and ways to accumulate more coins!

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    Want to Join BitBlockBoom in August?

    Head over to BitBlockBoom.com and use the code COUSINS for 30% off!


    What Is A Stablecoin? Apr 27, 2020

    I feel like learning about cryptocurrency is one constant trip down a rabbit hole, and just when I figure out one thing (or feel like I might be getting close to figuring it out), something new pops up that completely throws me off.

    And this week, that was stablecoins. In this episode we broke down some of the more famous coins and discussed their purpose, and when you should consider (or if) ever investing in them.

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    Want to Join BitBlockBoom in August?

    Head over to BitBlockBoom.com and use the code COUSINS for 30% off!


    Libra, Lightning Nodes, and Other Crypto Currencies Apr 23, 2020

    There's so much to learn when trying to figure out Cryptocurrencies, and understanding what you should be paying attention to can be exhausting.

    In this episode we started digging into other currencies, like Libra (and why having some of your money linked to Facebook might not be in your best interest).

    Plus we talked about the Lightning Node, and discussed the purpose of it, and which currencies are meant for saving and which ones are made for spending. So much to know, but once again, I had a lot of questions for Gary.

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    Want to Join BitBlockBoom in August?

    Head over to BitBlockBoom.com and use the code COUSINS for 30% off!


    Cryptocurrency Mining Apr 14, 2020

    We hear about miners when it comes to cryptocurrency, but what does that even mean? Are people out in open land, just like gold, trying to dig up the next bitcoin? Also, the big news in the crypto world is about the upcoming halving. We talked a lot about what this means.

    When it comes to mining, it can be extremely expensive and time-consuming, and we discuss if it's worth looking into. Should we be looking at mining other coins, or should we leave this up to the bigger companies who seem to have this down to a science?

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    Want to Join BitBlockBoom in August?

    Head over to BitBlockBoom.com and use the code COUSINS for 30% off!


    What Are Alternate Coins (Everything That's Not Bitcoin) Apr 12, 2020

    In this episode we're talking all things Alternate Coins. When it comes to Cryptocurrency, Bitcoin is by far the favorite, and the one most people will know. However, there are hundreds of other coins out there, and it's time to find out which ones are worth looking into.

    We also cover forks, and diving deeper into why someone may want to start alternate coins.

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use this link for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    Want to Join BitBlockBoom in August?

    Head over to BitBlockBoom.com and use the code COUSINS for 30% off!


    Cryptocurrency Wallets Mar 09, 2020

    Now that you're ready to buy some Cryptocurrency, how do you make sure that you're keeping it in a safe place? Plus how do you make sure it's foolproof for the not so tech-savvy people?

    This was our topic for today's podcast, and we break down all of the different kinds of wallets that you can try.

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use both Coinbase and Robinhood for Bitcoin purchases. Use these links for free stocks on Robinhood or $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    Robinhood: https://join.robinhood.com/erins790


    Cryptocurrency Investment Tools Mar 09, 2020

    So now that you know the basics of crypto from our last episode, it's time to start maybe investing. (Don't forget, we're not here for investment advice.)

    But the big question is where do you even begin?

    In this episode, Gary Leland and I discuss how you can start investing in cryptocurrencies. The good news is that it doesn't have to be huge amounts of money, as you can start investing just a small amount.

    And the even better news is that you don't need to actually be investing in order to start getting some. You can start just by buying other things (see below for some great links).

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    Want to Join BitBlockBoom in August?

    Head over to BitBlockBoom.com and use the code COUSINS for 30% off!


    A Beginner's Lesson in Cryptocurrency Jan 30, 2020

    We hear about Bitcoin and other Cryptocurrencies, but understanding what they are and why we should consider investing can be complicated.

    In this episode Gary Leland and I discuss what cryptocurrencies are, what their purpose is, and why we should be paying attention to them. This is the perfect episode for those who are trying to learn the basics.

    Interested in getting your feet wet in Crypto?

    Download the Chrome Extension Lolli to get money back on some of your favorite purchases. Get $10 in Bitcoin when you use this link: https://lolli.com/ref/su72Kpnsem

    Get the Fold App to receive Satoshi's (a type of Bitcoin) for gift card purchases from some frequently used brands (Starbucks, Amazon, Target, etc. Use this link to receive 20,000 Satoshis after your first purchase. https://use.foldapp.com/r/gTcqtrPk

    Ready to start Investing?

    I use Coinbase for Bitcoin purchases. Use these links for $10 at Coinbase.

    Coinbase: https://www.coinbase.com/join/smith_2o5

    Want to Join BitBlockBoom in August?

    Head over to BitBlockBoom.com and use the code COUSINS for 30% off!


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