Ethereum Strategic Reserve, Core dev updates & more - The Daily Gwei Refuel #809 - Ethereum Updates

Transcript

hello everyone welcome to another episode of De refuel very C the latest news in etherum maker system I'm your host Anthony and to the 25th of November 2024 all right everyone let's get into it so before we jump into the news uh of the last week I guess uh I do want to do a little bit of housekeeping first so first things first obviously I know that refuels have become weekly at this point you know it is called The Daily gay refuel it's called The Daily gay but they've become weekly at this point uh and I know a while back I said that I changed the Cadence to Monday Wednesday Friday and then that just didn't happen and now I'm basically doing episodes when I kind of get around to it I guess you could say or maybe not maybe get around to it's the wrong way of putting

it but like when I do them there's no real Rhyme or Reason as to why I do them or don't do them um but I think I want to change that now just to give you a little bit of an explanation as to why this has happened so before I went to Europe for my vacation for two months there I was uh riding my bike a lot and and feeling really great like physically and mentally from getting out you know getting outside getting off the screens doing a lot of physical kind of activity there then unfortunately my bike broke and I haven't gotten it repaired since then so I kind of fell off on the I guess physical exercise train if you will and that has made me feel really crappy I guess like I don't feel uh I feel tired a lot I don't feel very

healthy uh and my mental health has also taken a bit of a dive because of that not really anything to do with crypto just like a personal thing but that has definitely affected my ability to do refuels uh and to just Mo get motivated to do them like I love doing them I love talking to you guys I love educating you guys but it does become harder when uh you know I spend a lot of my time just being like Oh I feel like crap right um but yeah I mean that's going to change going forward I'm going to get my bike fixed I've bch just been so lazy about it but I'm going to get my bike fixed get back on it get my physical uh Health back in order and that will obviously help my mental health as well and then I'm making a commitment today on on um

on this episode that I will go back to doing at least I guess like Monday Wednesday Friday in the new year of of refuels but I'm to try to go back to doing it daily like I didn't stop doing it daily because I was burnt out or anything it was more that I I think what happened was to do with like the the fact that I stopped exercising and I just felt like so tired all the time and I didn't feel kind of as motivated to do it but I really want to try and get back to that daily Cadence like I did that for so long as well it's not it's not like I I can't do it I I think I can so just a little bit of background and again I guess context as to why I haven't been doing many refuels lately

in saying all of that going forward again I until the new year I will try to do as many as I can you guys probably remember that I mentioned that I'm going on a trip to Japan in early January that has been booked it's going to be from January 3rd to the 15th so there'll be no refills during that time but then once I get back from that trip I do want to try and get back to the at Le at least three day uh you know three episodes a week Cadence and then hopefully rolling into uh daily Cadence again because as I said I really enjoy doing these and I really want to do as many as possible here but anyway enough housekeeping there let's jump into the news uh and it's been a bit of a bullish last few days I think for or I guess

like the last couple of weeks for the markets generally right I mean everything seems to be going up only uh there are top signals everywhere meme coins are going nuts and there's a lot of really dark stuff happening in the mem coin space I don't know how much you guys pay attention to it but it's not looking too hot it's definitely not something that really interests me about the crypto ecosystem at all and I I try to ignore it but then everyone on Twitter is talking about it and it's just yeah it's just crazy bull market things I think but what I do like to pay attention to and what does interest me is things like uh This Thread from V here so as you guys know there's been a lot of discussion around a Bitcoin strategic Reserve that uh some I guess like politicians in the US are pursuing

and a lot of bitcoiners in the US are pursuing with the basic premise of getting the US to put Bitcoin on its balance sheet essentially uh and there's been a bill I believe introduced or going to be introduced to do this who knows if it's going to pass or anything like that if it's going to happen but that's been a thing that's been talked about a lot now the Vex thread talks about the fact that eth or ethereum should also be part of this and there should be a us digital asset asset strategic Reserve that includes eth um on top of BTC and he gives a bunch of reasons for this and essentially the tldr I mean I'll link this thread in the YouTube description below but the tldr of this is that I know eth is more than I guess just a store of value and money

right Ethan ethereum are more than that ethereum is a new technology right it is a new internet if you will it is a world computer it enables so many new things and one of those big use cases that it enables is the token ization of real world assets such as stable coins treasuries and others that we've seen on chain that we're going to keep seeing more of now because of this it means that ethereum as a settlement layer as a blockchain platform becomes strategically important for the US especially when it comes to stable coins because it has most of the US dollar stable coins on there and those things continue to grow I don't know if you guys have seen But the inflows of stable coins have just been going up and up and up and most of it is happening on ethereum so ethereum becomes

strategically important to the US through that use of stable coins which are tied to the US dollar because it basically further exports US dollar as a money throughout the world so that that's that's one big thing there but then uh Viet continues um and basically says you know eth provides a new uncorrelated yield for the financial economy through its staking mechanism uh it's uncorrelated basically to anything else in the economy and that is very unique to ethereum because Bitcoin doesn't have that right BTC does not have any yield uh it doesn't have native yield I know that micro strategy and some other companies are doing some I guess Crea Financial engineering to give a yield quote unquote to BTC but BTC does not have proof of stake so it does not have a yield you can't just get direct yield

off of BTC itself you can do some other kind of weird ways but obviously there's more risk lay on top of that and it's a different thing all together eth provides this natural kind of uncorrelated yield for the ethereum economy and then V also quoted one of my tweets where I just listed the major companies that are building on ethereum right now and these companies are again strategically important to the US they include the likes of Black Rock Franklin Templeton PayPal Robin Hood Visa stripe these are all us-based companies massive us-based companies right and they're strategically important to the US so that's another major reason why the US it would make sense for the us to have a strategic uh e Reserve as well as a BTC Reserve here but I'll link this thread in the YouTube description below for you

guys to go check out but obviously like I think this would be a good thing for a um the US I think it would be a good thing for eth and for ethereum there's no guarantee this will happen there's no guarantee that Bitcoin strategic Reserve will happen but as these Technologies continue to grow as they become more ingrained in society as they become more important across the broad spectrum of the world not just within the us then it begs the question of okay well when a government's going to get involved when a nation state going to get directly involved here they can't just like sit around forever and ignore this thing just like they couldn't sit around forever and ignore the internet so and and and and not just internet but Computing as well I think the US made a big mistake uh for a long time uh by not

onshoring chip manufacturing I'm sure you guys have seen that they're trying to do that now with their new Chips act I think they were putting uh aside $40 billion of uh the the government budget to fund and construction of these chip manufacturing factories because of the fact that a lot of the I guess manufacturing of of chips is concentrated in Taiwan and that's strategically uh weird I guess you could say because of the fact that we know China does a lot of sa saber rattling about wanting to essentially invade Taiwan or take Taiwan back as they claim it it it belongs to them and that would obviously be really bad because uh one of two things would happen either China would get access to those chip manufacturing plants and basically own them or two there would be a fail safe put in place by Taiwan to blow up those

chip manufacturing plans which means that uh I think it's like 60 or 70% of the world's uh computer chips CPUs uh would uh overnight like be uh be unavailable be gone right there would be a mass shortage and that would obviously be really bad for the world because we rely so heavily on technology so I I think that the US can learn from that mistake when it comes to Computing uh and also the they Pioneers with the internet I'll give them that but with Computing I think they made the mistake there they can learn from that and make sure that they're at the Forefront of ethereum of Bitcoin of crypto generally and I think with obviously Trump now being president I think there's more likely to be the case now that that happens than it would have with the Democrats still being in power obviously

because the Democrats have been so hostile towards crypto I'm really glad that we have a friendlier crypto admin now uh in a vacuum obv ly I'm not not discussing any of the politics here I'm just looking at it from a from a crypto point of view because I do believe that ethereum especially is strategically important for the future of the US not just e the asset but also ethereum the network there but you can go give viex TW thre a read for yourself I'll link that in the YouTube description below for you to do so all right moving on to a bunch of cord Dev updates So Christine Kim had a great little summary here of the current status of what's happening in core Dev land so Petra devet 4 is being deprecated soon uh the meong test net remains stable and is finalizing this is a test net for Petra or a public

test net for Petra uh there are one or two nodes of the potential issues that devs will be investigating and meong will not be updated to devnet 5 specs devs are finalizing devnet 5 scope on the next allore devs call and we'll try to launch the test net in the next two weeks which should be happening yeah in the next I guess like 10 or so days uh devs are targeting devet 6 for the inclusion of a blob capacity increase that's very cool you know that we kind of like on the fence about that but we may be getting a blob capacity increasing Petra after all and pias and eof test Nets are to be rebased on top of Petra once Petra devet five specs are stable so pias and eof are not slated for inclusion in Petra but they will potentially be on these test Nets which

is really really cool to see so good progress being made on Petra I will stick by my call that we're probably going to see it in like March April of next year I go live on the network as you guys know the most exciting EIP or at least the one that I think is the most exciting EIP that's going live in Petra is the max EB EIP which allows you to essentially stake more than 32 per validator uh which is obviously great for solo stakers but also great for consolidating down validators on the network you have the EIP 7702 I believe it is which is the account abstraction EIP which I'm going to talk a little bit about um uh later I've got it in my one of my tabs here and then uh you got a few other eyps as well there as well as

a potential blob capacity increase uh which is obviously critically important because if you guys have been paying attention to blobs you'll know that they've been at capacity all month and they basically uh you know keep uh the demand keeps going up and blob demand keeps going up and we need to scale up those uh blobs there all right so speaking of uh I guess like capacity increases on ethereum I put out a tweet the other day where I said where I basically asked for a temperature check on doubling the ethereum L1 gas limit in 10 million increments increments from 30 million to 60 million and I'm in favor of doing it and we be changing my sols Tak configurations to Target a 40 million gas limit and I did that not that it really counts for anything unless the majority of the network does it hey but I did it as a symb a symbolic

thing and I didn't want to lie and say I'm going to do it and then not do it no I did it I did it for my solo stakers I didn't do it for my uh rocker pool stakers just for my uh solo staking nodes um that I run separate to that but but it's done now the reason I put out this tweet was not to necessarily advocate for a gas limit increase but for tomorrow to get the conversation started again so that we can actually move this forward because this conversation tends to stagnate a lot uh and and and things get tend to get lost but I'm really glad that I put this tweet out because I had a bunch of uh uh people um messaged me about this I talked to a couple of cevs about this and what's really cool is uh

long-standing EIP that's been in development for quite a while EIP 4444 or kle 4 uh is actually much closer to going live on the network than I thought it was and it also doesn't require a hard Fork now I don't know why more people aren't talking about this EIP it's the one that uh does history expiry in ethereum and why this is relevant to the gas limit increase is because once this is integrated into the network uh it basically means that we can increase the gas limit without worrying about the chain size getting bigger because we're going to be expiring some history of ethereum so that essentially it works the same as blobs where the chain will get will get bigger for a period of time but then we expire it and then the chain size stays uh I guess like um what's the word I'm looking for stays stable so to

speak or I says predictable so to speak and that's one of the main concerns with raising the gas limit here now the reason why I bring this EIP up today is because there is a document here that was published only two days ago and I would not have come across this document if it wasn't for me putting out this question but essentially goes through the different phases of what the uh core devs and researchers are targeting with regards to EIP 4444 so the first phase is pre merg data expiry so the scope of this is to allow for dropping of block bodies and receipts from pre merg blocks by other clients so this would be of blocks uh prior to se September 15th 2022 so before the merge uh and this has been agreed upon by all the major execution layer client teams so far

literally every single one Basu Aragon gu nethermind Nimbus and WTH here which is great and Nimbus is actually making it execution layer CLI in case you guys didn't know that's why they're there this doesn't apply to the consensus layer uh just yet but that's that's phase one and the timeline for that you may think oh maybe maybe this is not going to happen till like 2026 or something like that no the timeline for this is May 1st 2025 that is not too far away from here I thought this was way further out than it is so this is really really bullish here and that's just phase one there are other phases phase two and then there are uh a bunch of other kind of um a bunch of other information in here about client implementation plans but that's just the first phase and then Phase 2 there's no

timeline set for that yet but essentially it's uh it goes beyond the pre-merge blocks and basically does it for all of the blocks I guess in the past so all previous blocks from today or from the current current head of the chain uh and expires them until the he near the until the heat death of the universe is what's what's said here which is which is quite funny so this is really bullish for for the fact that we can increase the gas limit once this is done by quite a substantial amount because as I said you have to worry about the chain size getting too big anymore so really cool to see this you can go read this document for yourself I'll link it in the YouTube description below but this is really bullish guys it means that L1 scale can go up a lot in

the next 6 months and this doesn't just apply to L1 scale for L1 it also applies for L2 with blobs and with a gastam increase so it's going to be a lot better uh going forward and another EIP that I wanted to talk about which is potentially coming in for Saka which is the upgrade after Petra so maybe end of 2025 early 2026 is Erp 7730 2 or epbs epbs has been something that I've talked about for a long time on the refill it is finally in view right now and this document from poto does a really great job of explaining exactly what epbs is and why we need it I just wanted to highlight this because it's like a question an answer thing or a frequently asked questions document where essentially it just asks all these questions and answers them and you get a

complete overview or maybe like a near complete overview of what epbs looks like and what the future of uh of ethereum kind of block building or the block building pipeline looks like uh going forward here so just wanted to HDE that document for you guys you can go check it out I'll link it in the YouTube description below for you to do so all right an interesting tweet I came across from nixo today was this uh I guess like table that shows the different ways people can solo steak or home steak or I guess like steak generally um and in this uh I guess like in this table uh nixo um captioned it by saying I think it's important that we retain solo Staker as a of a note operator who validates without anything between them and the beacon chain contract it is the

most solo way of staking and as you can see on the table here essentially a solo Staker has 32 e where it doesn't matter at home in the cloud wherever it is controls the configuration of it yes uh that that you you need to be able to do that uh and the examples of that is basically just like someone like me I guess like a true solo ster where I control everything end to end then a home Staker is a 32 uh you either put 32 eth up or or you put a minimum of the protocol so for example in Rocka pool it would be like an 8 eth or a 4 e kind of bond here um and then where is residential so it has to be done at home uh or in this case it's it's done at home you control the config and then the

example is a mini pool operator or solo Staker Staker staking from home remotes uh uh so so remote stakers are the same thing same Capital requirements but commercial so essentially in a cloud or something like that uh using AWS that's the example given here and then there are other categories such as managed professional and liquid uh and those all explain this table so I'll link the tweet in the YouTube description below for you to go check out the table itself but I think this is critically important I do agree with nixo that we need to make sure that we Define these things and keep those definitions fresh in people's minds because the lines definitely blur a lot and especially going forward they're going to they're going to blur a lot more uh because of the fact that there are many many different ways of staking and that is

only going to keep increasing and you could say that like there could be another thing on this table of uh the I guess like eate with the ETFs that would be I guess that could that could fall under like the professional or managed actually it would probably fall under uh managed um in this table if I'm reading it right but it might be distinct in that it's a lot more complex where essentially you might have a different staking party to the custody party to the um the party that's essentially taking a feed to like there there's a lot of complexities involved here we don't have Stak ETFs yet but that could potentially be something there but anyway I'll go I'll link this in you description below and you can go check it out all right so I put out this tweet the other day saying one of the biggest

and longest standing user experience pain points in ethereum such as the approve token and then swap the token uh flow will be solved in 2025 not to mention all the other things coming along with the below upgrades uh such as smarter externally owned accounts sponsored gas payments Advanced permissions and more and I've linked this there's a picture here in my tweet I'll link this in the YouTube description below that goes through the four major uh I guess like upgrades coming as part of the account abstraction stack the first one is ERC 4337 so this solved most of the account abstraction use Cas cases and it's used by a lot of serus projects so it is already live then you have IP 7702 which I talked about a a little earlier this is going live in Petra and will allow

EAS which is just a normal ethereum address to roleplay as smart contracts um then you've got rip 7560 so rip stands for rollup Improvement proposal so this applies to rollups which enshrines the ERC 4337 design and becomes a native part of the L2 Roll-Ups it is currently ready on a devet and then you've got Erp 7701 which is similar to that rip I just mentioned but less opinionated targets ethereum L1 with eof and feedback is requested right now so those top three things are basically like ready or there or already live and then 7701 uh will be live probably if eof goes into faka it might go live there I don't even know if eof is going to make it in there's still kind of drama around eof so we'll keep an eye on that but yeah this is one of

the biggest pain points for users and now I know there are a bunch of different wallets and and interfaces that have already kind of quote unquote solved this for their users but this the the the um I guess like the critical thing here is EIP 7702 which basically makes it makes the network itself aware of this so you can do this on top of the network but with 7702 essentially as I said a normal ethereum account so let's say you own metamask and you spin up a new ethereum address that is a normal ethereum account that's what we call an externally owned account or an EA they will be able to roleplay a smart contract so essentially they'll be able to act as a proxy smart contract so what that means as I said in my tweet is that you essentially get things like sponsored gas payments Advanced

permissions approved and swap being one transaction one bundled transaction instead of two so it's a huge unlock and it's a huge unlock for all the existing ethereum users that just have an AA that they use and they don't use a Smart contract wallet and it is cheaper as well because deploying a smart contract wallet on layer one ethereum is quite expensive so it becomes cheaper there so that's all like coming you know in on devet on te testnet some of it's already live uh so yeah that's a lot that's something that we have to look forward to uh in 2025 for sure right moving on coinbase wallet has introduced usdc rewards so essentially for the first time ever you can now earn 4.7% API with usdc rewards simply by holding usdc in your wallet on chain so this is holding

it in coinbase wallet I believe I I I don't think you can hold it in any other wallet from what I know uh to get that 4.7% but this is huge guys and I I want to explain why this is a really big deal not only is it a big deal because you get like yield just for holding a stable coin in your account here but it's a big deal because as I said earlier ethereum is the home of stable coins especially usdc and not just ethereum L1 but base which as an L2 and other l2s like arbitrum op main net Etc right it's the home of stable coins so ethereum may not be I guess quote unquote winning in some different vertical like the meme coin vertical or the casino vertical but in my opinion ethereum is winning where it matters which is the real uh I guess

like fundamental long-term sustainable business use cases like a simple yield on your dollars right like stable coins like tokenized treasuries like tokenized assets generally like uh uh uh real Finance like AR for example and maker and and and and doing uh token swapping and stuff like that like for real assets on ethereum ethereum is winning and growing in that area and the ethereum ecosystem because of its L2 Road map can win every area it doesn't even have to just win that it can win all the other areas like you can have the DJ stuff happening I mean Bas has a mcoin ecosystem you can do that stuff there so so I I think that when it comes to the the fundamental long-term sustainable stuff it really is just happening like 90 plus% on ethereum and that's I believe because of the fact that

ethereum is the Premier serious chain to deploy these things on to do these things on it the other chains that exist out there they just are nowhere near as mature as ethereum they don't have the same I guess kind of like professional reputation around it and they definitely appealed to a different crowd whereas the tradire crowd the the real world crowd I think that stuff's going to be done on ethereum and this is just I guess like the latest example of that with the usdc rewards on Queen baseball now to to to to I guess like be completely honest here I I don't think this is this is just ethereum usdc or base usdc I'm pretty sure this applies to usdc on other chains but as I said most of the usdc exists on ethereum or in the ethereum ecosystem which is the the key point I'm I'm trying to make

here so yeah anyway you can go check this out I'll link in the YouTube description uh below for you to do so so moving on and sticking with the theme of sustainable things on chain uh Joseph here tweeted out something really cool where he said imagine getting your salary streamed to you instead of $4,000 every other week you get 0.0033 cents per second for 2 weeks straight now imagine the stable coin being streamed is yield bearing the entire time your salary just increased by the apy of the yield That's The Power of nerite and super fluid now super fluid has been around for a while I believe Nite is quite new but they're basically a friendly Fork of liquid V2 on arbitrum and essentially what they're doing is they're putting

all these money Legos together uh to give you this now this salary streaming thing as I said he's nothing new it's been around for a while but again this is the kind of stuff that has a real world impact this is the stuff that goes beyond just speculation this is the stuff that applies to pretty much everyone right they're getting your salary streamed to you every week uh sorry every second instead of every week right which if it's yield bearing means a lot because then you're just compounding on that yield so and again like there's money Legos involved here so you can do different things with this so you could tokenize this position and and onale it or like take a loan against it or it's really cool because you can do something like essentially prove to someone hey there is a bunch of funds in

this account or in this I guess like tokenized uh version of this account um I want to use these funds to borrow against but I don't have all the funds right now but hey I can guarantee that I'm going to have the funds in like a month's time because of the fact that it is being streamed to me on this protocol so you can do a bunch of really cool things here which I think is is is going to keep growing but yeah again this is the sort of stuff that I like to see these kind of long-term sustainable things not things that are very short-term speculative extractive because in my mind that doesn't really push the ecosystem forward too much it may I guess like push things forward in that it pushes prices up which brings more attention to crypto which brings more people into crypto so on and so

forth but if we're talking about like actual long-term sustainable use cases and things that people can uh I guess resonate with like everyday people can resonate with this is something that I I think is right up there all right last up here just a new feature from L2 beat so no longer are they just tracking transactions per second across l2s they're also tracking user operations per second or uops so what are they and why are they different from I guess like uh transactions per second so essentially with user operations per second uh they're going to be looking at what's happening inside of transactions so you can uh you can see here they say tracking uops gives a better sense of user activity and the rate of usage of account abstraction so as I said before there are going to be these bundled transactions that are going to be more

frequent and they're going to just count as like one transaction but or one I guess one TPS right so you really want to be able to unpack that and see what's under the hood here how many user operations are happening per second not just uh transactions per second and they explain this a bit further in their thread here which I'll link in the YouTube description below but no surprise this is also alltime High I mean I can bring up the l2b website for you to kind of see this so if we go to the l2b website and we go to the user operations per second you can go to Max and you can see that this is basically at all-time high right like not not exactly alltime high but it's it's trending in that direction same same with TPS but user operations per second um is probably a better way to track the

activity happening on on l2c and there's also roll up. WTF which tracks real time activity they're doing TPS right now um or still doing TPS and they're doing meag gas per second I do wonder if they're going to integrate uh I guess uh user operations per second into this we'll have to see but yeah that's another site that I use to to track a lot of things uh uh in real time and I've gone through this side on the refill before you can like filter out uh things that are just using blobs or you know things that are uh using kind of Celestia for da or cold data for da so on and so forth It's funny the only thing still using cold data is the polygon ZK evm which is a little bit weird uh they aren't using blobs yet but I think that uh um maybe when the

polygon POS chain becomes a l to they might use blobs there we'll have to see anyway um but yeah you can go check out the user Ops thing from L2 be for yourself if you'd like to uh I'll link that in the YouTube description below for you to do so now I have a couple of minutes left here of this episode I don't want to like uh give another one of my kind of sermons here about the market but I do want to quickly mention something because the market is definitely heating up in a really big way right now and I feel like we're essentially in the phase of the market that we were in in like late 2020 so like December 2020 and I feel that because I was around back then and I'm getting the same feelings now as I was back then this is the bulk of the bull

market happening guys like this is the final stretch like I I feel very confident in saying that I don't know where we're going to top from here I don't know if the Top's going to be in like May again like it was in 2021 and then we'll have another top in like November I have no idea but I do know that uh things seem like and I'm pretty confident they're going to get a lot crazier from here as obviously e be you know goes goes to alltime high it's not there yet but BTC basically hit 100K so eth I don't believe he far behind and getting I guess like it's alltime high and then going into price Discovery plus a lot of other things going crazy it's just that phase of the market now the reason I bring this up is to get you know not only to get you excited

obviously because you've waited a long time for this probably um but also to make you a little bit cautious about things um I have on my pins tweets actually uh on my Twitter profile here which I'll link in the YouTube description below a bunch of pro tips for the bull market that I really think you should go review there I think there's six of them that essentially apply to every crypto ball Market and is really the soundest advice I can give and I think the number one thing that number one piece of advice I can give honestly uh and this is not Financial kind of investment advice but just advice generally is that in these markets it can be very tempting to keep I guess increasing your I guess sell targets and keep increasing in your head like oh if I sell here I'll make this

much money if I sell there I'll make that much money honestly I think I said like a year ago you should have had your sell targets or sell spreadsheet done already but the the sound advice I can give is that you need to be taking profits on the way up you should not be trying to time a top if you want to sell things sell them on the way up it doesn't matter if you sell too early if you make a profit in my mind um because it's going to suck if you don't sell and then it goes down and then you're in a loss again and then you're stuck waiting for it maybe to go up again in four years because of the foure cycle right so yeah I wouldn't I wouldn't do that that's that's like the the number one thing that I try to live by is like as

the market heats up as it goes up I try to see you know I I try to sell into thing into into a market that is like pretty hot but like I I don't try to time the top because you always want to try and get the most you can out of out of your Investments but it's extremely difficult guys it is not easy investing is not easy because uh it's easy enough to like buy something and then just sit on it for a while uh I mean I say that's easy that's not easy e e either but like that's not even the hardest part the hardest part truly I believe of the all the market Cycles is taking profits because you get greedy you do get greedy like I I i' I felt that gred before in my life I still feel it a little bit

today and I know a lot of people who who still feeling it especially if you're if this is the cycle that you think you're going to like make it in so to speak you tend to get very greedy and yeah I just don't want to see anyone wrecking themselves I don't want to see anyone like not taking profits and then the cycle ends and then they're like a I should have sold as I said you should have probably thought about this a while ago because now things are crazy it's going to be influencing your your thought process but it's still a good time to think about this and still a good time to make a plan for yourself don't get too greedy don't get too cocky you're not a genius investor you never are and you never will be no one is a genius investor uh the best investors

that I know are the ones that understand how to keep their emotions in check and don't get too greedy the ones who get too greedy blow themselves up we've seen that time and time again within crypto but anyway on that note I think that's going to be it for today so thank you everyone for listening and watching be sure to subscribe to the channel if you haven't yet give that video a thumbs up subscribe to newsletter join this Channel and I'll catch you all next time thanks everyone