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🚨Bitcoin in free fall 75k ?
Recorded: Jan. 29, 2026 Duration: 4:48:26Space Recording
Short Summary
In a recent discussion, crypto enthusiasts explored the current market downturn, highlighting significant price drops in Bitcoin and Ethereum, and the psychological impact on investors. The conversation emphasized the importance of patience, strategic investing, and the need to navigate the volatile landscape of crypto with a long-term perspective.
Full Transcription
Music Thank you. Good morning. Good morning. Good morning.
We are definitely in free fall right now.
If anybody's looked, something cut the legs out from underneath Bitcoin.
And Ethereum. something cut the legs out from underneath Bitcoin and Ethereum and a lot of majors.
I ain't really looked at altcoins or memecoins much
because anybody buying them right now,
you don't know what you're doing.
It's not no one needs to even look at them,
but I'm pretty sure
they're crashing they've been crashing though they've been crashing uh but yeah something cut
the legs out from underneath bitcoin um let me retweet the room see if we can get some people in
here i figure uh let me try not to just do any kind of scheduled space.
You'd like if something's going on, funny. If something's going on, newsworthy. If something's
going on, I'll just open up a prompt to space and we'll talk about it and see if we can get
just random people to come up and speak about it. So if you'll like and retweet the room,
we'll help get some people in here, see, can we get some people
to talk about it, if we ain't got anybody up here by 11 a.m., I'm just gonna end the space,
I'll end the space, which is, I mean, which is no big deal, like, it is no big deal,
you know, so, I mean, if y'all want to just hear me talk for like 30, 40 minutes each time,
that's fine too. I can do that. Uh, just got so many things I want to do. So,
um, yeah, let me, like, I haven't really been on, and i'm normally like just on the news and done my
research and everything i was like well let me just open up a space see if anybody else knows
what's going on because i don't know if you've noticed but but you see them big ass red candles
like massive ones like all within like 15 minute time frame, 30 minute time frame. It basically cut out like four or five days.
Three or four, four or five days worth of gains all within like 15, 20, 20, 20, 30 minutes.
So anybody know what's going on?
Any kind of news?
Hey man, what's going on easy? I just figured I'd pop up before you get a bunch of people in there and say, I appreciate you, man, what's going on, Easy?
I just figured I'd pop up before you get a bunch of people in there and say,
I appreciate you, man.
Ever since I found you, you've been putting out some pretty good content
compared to what I'm used to, you know what I mean?
Yeah, appreciate you, man.
Let me retweet the room.
Let me see.
Let me see.
Okay.
Okay.
I'm getting a lot of DMs.
About Alchemist and Dr. Robotnik's rug.
Or something like that.
I'm not here at night anymore, guys. Just totally honest. I'm not here at night anymore, guys.
Like, just totally honest.
Like, I'm not here.
Like, bro, don't get me wrong.
I ain't saying I'm fully leaving.
Like, so like, for a lot of stuff, I don't really fully know what's going on.
Like I would have known, uh, you know, I'm, uh, I mean, but don't get me wrong.
Soon as, uh, like when, when, when the market really turns around and the fuck you money to be made here.
I'll spend a lot more time here.
But that's the one thing I've always said, guys.
See, that's the thing.
What you're going to find out is over time,
who's really broke is really broke.
Who's really a LARP is really a LARP.
Who's really on welfare, is really on welfare,
who's all that. You're going to find out. And I just hope you find out before you sell you
and your family's lives and dreams away, chasing a bunch of fucking bullshit on the internet,
right? So, but anyway, I always said, the moment, moment, like it comes a point where it's hard to justify spending a lot of time here.
I mean, spending, but so much time here.
So one, you know, my time is valuable.
I put value on my time.
I put value on my time. I put value on my time.
And I put value on my free time too.
I put value on my free time.
I put value on my health.
Yeah, bro.
I know this is probably hard for a lot of y'all to understand.
But if I'm not on this app, I can go make.
Four, five, six thousand dollars a day.
you see some of us can work and achieve
more
than what
most people's dreams are here
like there's like
that's the other thing man
I'm over here dealing with people
who are trying to get in my situation
I mean let's be honest.
After all the shit talking and everything, what do you really want?
You want to not have to answer to anyone.
You want to be financially free.
I'm there.
I've been there.
But again, it wasn't overnight.
It was a bunch of hard work.
It was a bunch of hard work.
And listen, don't get me wrong.
There's a lot of y'all here, and I was the same way, bro.
And it was a number, too.
We were looking for a certain number in your mind or whatever,
like to see as a net worth or as a certain amount in the banking account, a certain amount net worth.
And, you know, you know, maybe, you know, this paid for and this paid for, then a certain amount of investment, you know, like, OK, you know.
If I could just get, you know, if I could just cross the $3 million mark, if whatever
it is for people, you know what I mean?
And it was that same way for me too.
But I'm going to tell you, that's a miserable place to be in life.
Nothing wrong with having goals and stuff like that and things, you know what I mean?
And like set healthy goals to work towards and everything.
And, and you can, and listen, I'm not telling you what you can do. I'm saying,
and I can, I'm going to just keep it on myself. I can use numbers and I can have a number goal,
you know, that don't mean I don't look at a number, but just the overwhelming place in your mind, You know, I probably spent 20 years.
Maybe not 20.
I probably spent 12 years.
Very successful and didn't even know I was successful because my mind was trying to achieve a number.
And I would kick the goalpost down the road.
You know what I mean?
Because everything was about a number.
Not realizing, not giving weight to what I already had, which was financial freedom.
not giving weight to what I already had, which was financial freedom.
One of my goals was to be successful, to work for myself day in, day out, and never have
to answer to anyone.
No one can ever tell me if I can get off early,
if I want to stay late,
if I want to take a day off,
if I want to work a Saturday,
what I wanted to pay myself,
when I wanted to use at the bathroom,
where I wanted to go for lunch.
And you know what?
There's an example.
I left DuPont in Richmond, Virginia
somewhere in 1996
and to that day somewhere in 1996.
And to that day,
I've been self-employed from the next day.
And it's 2026.
You know, I did not feel the feeling that I had reached that goal probably until four or five years ago.
So I was a good 20, 20, 20, 25, 22, 23, 24, 25 years.
Had achieved that goal.
25 years had to pass.
And you see the difference?
That's the same thing as looking for a number, right?
Looking for a number in my head.
Trying to chase a number.
Nothing wrong.
Nothing wrong for the new people just popping in.
What I'm talking about is,
I'm just talking about life,
investing in this place,
and this place here,
called X, called Crypto X.
called X,
called Crypto X.
You know,
I was surrounding myself here with people
that I would not even associate with in IRL.
Like, I wouldn't even associate with you IRL, so why would I associate with you online?
I didn't want thieves on my job site.
Nobody says Kimmy stole my shit
no one says
Johnny
Johnny stole my shit
they say
Easy took my shit
because you see it's
Easy's name on the side of them trucks
or it's Easy's
the owner
they don't go online Out of them trucks. Or as easy as the owner.
They don't go online.
They don't go to a dinner party.
And say.
They don't even know the guy's name.
All they know is the company they hired to come to their house.
Think about it.
You hire a company.
They come to your house.
They steal your shit.
Don't go around. You say man don't don't
don't fucking hire them man you know so it's no different irl should be no different here
when i tell you people are living in low-income housing when i tell you people are literally here getting food stamps.
Think about it.
When I tell you they're literally getting food stamps.
You and me and the U.S. government are buying their food.
Paying for their housing.
And you're here listening to it on how to make your life better.
You're on a train.
Running 80 miles an hour.
And what you don't realize is, 100 miles up the road, they haven't even built the train tracks.
Keep that analogy in your head when you're listening to these broke LARPs. Liars.
On the internet.
You're on a train
bound to nowhere.
Train's moving, everything seems to be fine,
but what you don't realize is, again,
two, three hundred miles up the road,
they haven't built the train tracks.
They can't, like, it's obvious.
It's obvious.
But I think what
it is is because this app
has so much reach.
This app has so much
reach around the world
that a lot of people are disguised.
They don't understand because they
don't understand America.
And they don't understand.
So they just assume.
But, uh, but yeah, man.
So, so yeah, I'm not here at night.
I'm actually enjoying myself, whether it's going out to dinner, whether it's doing a double shift.
Maybe I walk, do my cardio during the day,
and then here recently, just a few times, you know,
I'll go to the gym.
Then I'll take me a shower.
then I'll go somewhere and eat me some sushi.
Then I'll go somewhere and eat me some sushi.
Then I'll come home
and I'll watch me a movie or something.
So I'm really not here.
I'm really not here.
but broke people gonna keep doing what broke people do.
But broke people gonna keep doing what broke people do.
Broke people gonna keep doing what broke people do.
Let me put this base up in the nest.
See if we can get this thing retweeted.
See if we can get some people in here
over the next 23 minutes to talk.
Um... See if we can get some people in here over the next 23 minutes to talk. Yeah.
Yeah.
Yeah.
I see a lot of people.
I see I mentioned on the timeline last night on other people's rugs.
Why are you mentioning me and your rug?
Just do your rug.
Just do your rugs.
You know?
Mentioning me in their rugs.
Come on, man.
And you know what?
I seen somebody said it's not a rug.
Well, I can tell you exactly what it was.
I could tell you exactly what it was.
It was two or three of the insiders that launched the coin
just bought it up.
None of the first wallets hold anything.
They sold within two to three minutes of launching the coin.
So no, nobody could physically rug the liquidity pool.
You just need to know what you're about to launch.
And you just take other wallets.
The first five or six wallets that bought, they're all empty.
So that's what happened.
Is people sitting around saying, how can we make some money off of this audience?
Because we have nothing anymore.
We round tripped at all of our memes.
We slowly cashed out 200 here, 300 here, 400 here, 100 here, 100 here.
Light bill money, light bill money.
Vacation money, vacation money, vacation money, vacation.
money, vacation money, vacation money,
vacation, pop, pop, pop,
Pop, pop, pop, pop, pop.
pop, pop.
And their
pool of money was eroding in
meme coins as they have
now fell 92%.
So they're
just here launching coin,
being the first five
buyers. Like it's totally
obvious when a coin's launched who the fuck you think the first five buyers. Like, it's totally obvious when a coin's launched,
who the fuck you think the first fucking buyers are?
They're the people who launched the coin.
Them motherfuckers hold zero in their wallet.
The whole reason to launch the coin was to buy it first and sell it to you later.
But goddamn, they only waited minutes, bro.
They only waited minutes, because you know why?
They getting that email
saying light bills due.
Probation payments due.
Restitutions due.
Kids need food do need gas in the car do
basic life essentials man so they're just surviving
they're just surviving the only way they know how
basic life essentials right
that's why I said, man.
Like, even myself, I had to redefine what is wealthy, what is rich.
And I say, man, for years, for years,
all my needs are met.
And then some.
in some. And quite a few of my wants are. And what I've just done over the years is I learned
And quite a few of my wants are.
to value some of my wants are things that would improve my life.
Are things that would improve my life.
Maybe I want a really nice gym to put in my garage or to put downstairs or something.
That's a want.
Do I need that?
Do I have to have that?
But you know, see, that's a want that can easily be filled because it's something that will improve my life and which
will improve my quality of life and everything. And I can do it. And I can do it.
And one of the best feelings is, is like, do, do, do I want a brand new sports car today?
There was times that I did.
It's the greatest feeling in the world knowing I can go get it if I want it.
I can literally right now get in my truck and drive anywhere in town.
There's not a car on the fucking East Coast that I can't write a check for and buy within reason.
That's rich.
Actually going and buying the car and putting it in your driveway
doesn't make you richer. It actually makes you poorer.
it actually does the opposite.
It actually does the opposite.
You know, a $300 watch, a $350 watch,
tells the time just as good as a $60,000 watch, an $80,000 watch.
Matter of fact, I'll even say with this $300 and some dollar watch,
it tells me my heart rate.
It tells me all kinds of things that improves my life.
Right?
It tells me a lot of information.
That $80,000 watch doesn't tell me.
But if I wanted an $80,000 watch,
it's a freedom.
I can just go buy it.
But somewhere along the way,
just knowing I can buy it and understanding what, what, what.
And just understanding that the wants, I don't have to have all my wants, but starting to realize is there's not a want that I have that I can't, that I can't buy.
Now, with that being said, I still have to keep for, I'm the type of guy that still needs to keep
a little something in my, uh, want list because it, you know, it will, it's something that will keep me motivated.
I need to want to lose weight.
I need to want to... I want to get back by summertime, which I ain't going to say I know.
In my mind, I want, like, maybe not.
So in my mind, I want to beat my 25 mile a day run.
Okay.
But so, so, so it's a goal.
I want them things and I'm going to work towards them.
See, it keeps me healthy by working towards them.
Right.
Like, and then on financially then financially, you know, I want a nice house in the Caribbean.
I want a nice house in the Caribbean.
And I want to leave five minutes from my house and get on an airplane and go straight there.
And then if I want to stay seven days or I want to stay 70 days or I want to stay 700 days, then I won't, and, and come back and fly back home.
So like the, the, the, so I do still have, you know, some of them wants,
you know, uh, the healthy ones to keep me motivated.
But I do find myself here in crypto Twitter.
Taking shit or listening or just interacting or whatever
with people
that have a number goal in their mind
as success.
And whenever you just take that,
when you just use that as a measurement,
I'm already where they want to be.
And again, listen, I love sharing it because now I got a big enough voice that it pisses them off.
Pisses them off.
Just a dumb old redneck from the South.
High school education.
That's the hardest pill for these people to swallow.
Just the hardest pill for people to swallow.
Here, man, so, yeah.
It's hard for him bro it's hard for him
you know what i mean some of them college educated
some of them have less education than i got what up easy up, Light? Man, I'm just monologuing. What's going on?
Is there any news why Bitcoin dumping? I mean, dumping. I just woke up and man, fuck, my position
is fucking bad. So that's why I, so here's what the sort of, I'm going to try this. I'm going to
try this. What I'm going to try to do is just start open impromptu spaces like when things are going on on X or going on in the market, you know, instead of just a direct space at a certain time.
So that was so that's what happened. And that's what I'm here to find out myself.
Like, was there any news out? and you know i'm sort of cheating right
because i would you know normally start start searching looking so i figured hey let's let
me open up a space let's do it together see if anybody else knows what's going on yeah but the
thing i don't understand is the u.s dollar is down why would anyone sell to this rate? Fuck.
you know, the US dollars fell so little.
A lot of that's just a lot of people talking.
Like,
when you go to the store, they just didn't
raise the price of something 4 cents.
Because basically,
that's what the US dollar is down.
It's about 4 cents, 3.5 cents. I know but like what I'm talking about is like imagine you live in for example
Canada, right and then you're selling Bitcoin to USDT then you're converting USDT to CAD
You're actually losing money because the USD value went down a little bit on the massive amount makes a little bit
difference, right? Oh, yeah
Yeah, yeah yeah yeah and plus uh you know
we all know like like we know that holding the dollar over a long period of time it it's it's
a death trap right it's a death trap like what i like like what i try to do is I try to keep like maybe nine months.
I keep like a nine month reserve cash reserve.
You know, it could fluctuate from six to nine months.
And that's my sweet spot.
Anything over that.
And I want to invest it in real estate, gold, silver, Bitcoin.
gold, silver, Bitcoin, you know, a piece of equipment, something, something that will
store that value or generate me an income, you know, so I agree with you. Here we go. We're
84,300. We're 84,300. But what what what just happened is like like you have
to be careful because now now uh you know you're um like as this market goes along as this market
goes along you're gonna see a whole bunch of more um like rugs and just like because the majority
like like this is the thing the majority of people, like this place is not sold like this.
I've just been, uh, guess what?
In February the 6th.
So I got what?
Seven more days, seven more days.
I think seven or eight more days.
What's the day?
The 28th or 29th seven or eight more days, bro.
And I'll be here 12 years, 12 years.
This place is not a get-rich-quick place.
I have seen more people lose money here than have made money here.
You ain't been here long enough.
Most people ain't been here long enough to see it.
You see what's going on.
And most people don't tell you that they lose.
What did you say? Most people don't tell you that they lose so but what'd you say most people don't tell you that they lose is that what you said you broke it up people don't want
to tell you that they lose all right but eat all right brother how's everything they're not hey
listen the markets are looking bloody and juicy for us to just you know recoup some more there
ain't nothing wrong with the prices going down they They got to go down. That's right.
They can't always go up.
Prices can't always go up.
They got to fluctuate.
So I think we're in a good position right now for all of us to get in there at a better position.
That's it.
The markets are going to be bloody no matter what.
It's all good.
It's like blood out on the streets.
It's all over the place.
Yo, I just want to listen.
I just want to thank our Lord that we are all here right now amongst each other speaking to each other.
That we are still above ground.
God bless all of us.
And easy, man.
I got something for you.
So hold tight, brother.
We about.
Okay.
Yeah, I got you.
You remember that little Tweety, right? Yeah, yeah, yeah, yeah, I got you. You remember that little Tweety, right?
Yeah, yeah, yeah, yeah, yeah.
Dude, you know, sometimes I'm driving just like randomly riding in my truck or just doing something.
And I think about that time in our life.
And I think about that situation.
And I just laugh, man.
I just bust out laughing.
You know, and whoever's might be with me or something like i've had it like i do this like my son be like what's so funny dad what's
so funny you know and i just say ah you know don't worry about it you know i mean i don't really want
to tell the story hell yeah yeah easy easy you still you still got that thing in you, brother Just keep doing what you're doing, brother
Yeah, thank you
Just do exactly what you're doing
And all these fucking haters out there
Because there's too many haters out there
Don't just bypass them like you always do
Forget about them
Don't even feed into them
Not that you do
But don't even feed into their negativity
Because they want to see you Fall Okay? feed into them. Not that you do. Not that you do. But don't even feed into their negativity because
they want to see you fall.
Okay?
Yeah.
Stay strong like you've always been, my brother.
You hear me?
Yeah. Yeah, thank you. Yes.
Yeah, great. I need to hear that every now and then.
You know what?
I would rather
find people and and people that I want to be like or look up to and say, how can I get to that level?
Like, what can I do? What can I learn from them? You know what?
And it's like the devil or it's something that takes people and say, oh, man, how can I tear them down to my level?
You're exactly right.
And it's miserable people.
They're miserable people.
Exactly.
Exactly.
Exactly, bro.
From the first day that I met you,
I knew you were that real one, brother.
And up until right now, present,
we are here speaking to each other.
Man, I always kept you in my mind, brother,
all the time.
No matter what we've all been through,
what people try to say about, you know, certain people,
that's all hate, bro.
That's all people that, you know,
these people are like, they're miserable, like you said.
They're straight miserable.
And that's that.
But yeah, man, I'm happy you gave me the mic.
I knew you were giving the mic anyway, but, you know.
Yeah.
What up, EZ?
Yo, what's going on, man?
Nothing, man.
Just tuning in, getting some work done. But I was looking at the liquidation heat map, and it looks like around this level, this 84 up to 86, there was a bunch of lawns.
So I don't know if this is just kind of a liquidation cascade or what this is.
Uh-huh.
Okay.
And that very well could be it. You know what I mean? Yeah. That very well could be it you know what i mean yeah that very well could be it
you know i did notice gold just felt like almost four five hundred dollars all in one candle here
just a just a little bit too yeah so banks are probably buying bitcoin right yeah yeah easy uh Yeah, easy. Gold is what? $5,300 an ounce now? $5,400 an ounce?
So just, I don't know how long ago, but just, okay, so just about one hour and a half ago, it was $5,550.
$50. Okay. About four or five over the middle of the night, we got to
5,600 bucks. I see a print. I see a print at $5,600.
So like, yeah, just like in the last hour, we've dropped like 400 and some dollars, but yeah, but still think about it, dropping
400 and some dollars and we're still 5,180 bucks silver's a hundred and 10.
And it was, it had just put a, it just created a new all time high about 45 minutes ago of
$121 and 71 cents. $21.71. So, yeah.
I see it.
So, it's done it across.
So, basically, everything has fell about 5.5%, just roughly.
Just using 5% to 5.5% when you look at.
Okay, so gold's only like 4%. But silver's 5.5%.
Bitcoin's 5.5%.
Let's 5.5%. Bitcoin's 5.5%. Let's see.
Solana's almost 6%.
Aster's 7.5%.
Let's see.
Let's see.
Let's see what Ethereum is.
Ethereum, 6%. Bitcoin, 4.7%, you know?
So about like gold, a little bit over 4% and silver a little bit more.
And, you know, so yeah, so on and so on.
on uh the dow's down a half a percent um s p 500 is down 1.28 so this is all across the whole
The Dow's down a half a percent.
broader market uh but again i think someone just said about the liquidations so so the liquidity there's there's very little liquidity in crypto now
Um, yeah, they going after that liquidity i'll try to get it up in the uh, or like in this thread somehow
A little snapshot, but I mean it's right through and I don't see anything really below
Um, that was like the major area was like 86.9 I don't see anything really below.
That was like the major area was like 86.9.
And then the next biggest area is up at like 90, 91.
So I don't know.
I see it as bullish.
I feel like we'll rebound and get back up to the 90s, hopefully.
Yeah, yeah.
And this too, man.
And I see we got CKAS up here.
And let me say this before we move.
And this too, okay.
So eventually, after you get these pullbacks like this, you get these drops.
Eventually, you know, the sellers are gone.
So like to see these like to see this now, because we just went a whole year.
We just 2025 was terrible for meme coins.
Right.
And then if you think about 2025, the Bitcoin price action,
it wasn't that good either from the beginning to the end of the year.
So, you know, to put the hardest thing in investing is time. A lot of people can get price right, but they don't get the timing right. That's the hardest thing. So the more and more as time goes on and we consolidate
down in these levels, it basically raises your floor, builds a foundation, and then we launch
from that. And that's basically like the analogy in any asset. So, I mean, all types of market,
the housing market works that way stocks work that way just
you know what i mean so so we're building a we're building a floor here you know in the
80 000 range and then that becomes the platform to launch once again and that's you're right
what's up c casa yo what up easy um i just uh want to come check check y'all i appreciate on a fucking
bloodbath type of day uh you know you open up a venue and it's not like the i feel like
there's a lot of these like plastic ass you know spaces that where it just like, it just doesn't slap the same.
And all of us who understand what this is,
you just articulated it really well.
And I think a lot of people don't like to deal with it,
but it just is part of markets.
Like to be able to have like a space to tap into
and just to fucking connect to the the energy of it in the
right way right to just talk about shit in a very pragmatic and sober way but not like try to
sugarcoat it and get motherfuckers all uh you know also not not fear monger as well right to be kind
of steady because these things are temporary and and one thing is that is
just clear to me and we've been reminded so many times is the violence that it also pivots up
sometimes it pivots down the same way but it it can change everything within a matter of fucking
15 minutes bro and so these times man to be able to have like a little bit
of a tethering um and be able to just tap into the the source uh is is very useful i think it's
a hack man i think i wish we had these types of spaces in previous cycles because you you know
you get you get kind of in your own head you concerned that it's going to get worse, and you learn that that's a good way to lose money over time.
And so sometimes just, you know, it's obviously a cliche,
but sometimes just sitting on your hands and just understanding what's going on is useful.
And then like Bass Tottle just said, you know know he's looking at the potential liquidation cascade
like these are these are pieces of information that are very useful to also consider too you
know and uh you just gotta fucking breathe sometimes true yeah check check the reply to the
space i threw a screenshot in there
space i threw a screenshot in there
you know are you seeing that and then this is the same same kind of level we've been at
for weeks now essentially the lower level so
i'm sorry guys i'm looking at my charger in all right i'm plugged in i'm good to go
yeah so i got charred on my computer uh i can see um yeah this is this is this is where we
typically right around where we sort of bottom out at right here.
We just keep coming back to this level,
give or take $500, $1,000 in Bitcoin.
Just when you're looking at it over,
you know, since, you know, this chart,
I'm just going back to November november like mid-november where we hit the 80 000 you know
so we hit 80 000 i think it was november the 21st or something yeah let me see the chart
november the but i mean like think november 21st think think about like the clarity act for example
right like there we have a major catalyst that got not anything but shelves like they announced next week there's a huge meeting with all of the
uh banking heads at the white house specifically to discuss crypto so like we know these things
are on deck but it's like people don't want to just deal with the discomfort in the meantime.
Right.
So you let yourself get,
give a lot of these things weight that in a zoomed out perspective,
like if you're really thinking even from a three month standpoint,
it's a relative blip and these things do not last forever, man.
So unless you're trading, unless you're, you know,
placing longs and shorts or whatever like
uh which is obviously a different bucket than and and that has its own uh elements to it which
i'm terrible at so i just don't really don't really focus on but but the the mid short to
mid-term catalyst on deck with the clarity act that will inevitably be
resolved right like they're not they're not gonna just let it sit or let it fucking
wallow we still got enough time before you know the the left motherfuckers can get their grubby
hands on this shit and turn it into some fucking centralized bullshit, right?
There's enough juice in there too for Brian Armstrong to get the people that they have
gotten on board and align political interests.
So there's stuff that's happening.
It's not like we're just sitting here and there's like no major things that could shift
the market but right now the uncertainty you know hand in hand with the global turmoil and all that shit is obviously not
like getting us some solid price action and whatever fuckery's going on with the gold and
silver and stuff man i don't know it does not seem sustainable to have gold taking these fucking meme coin s pumps that's not what
gold investors like and when they when they fucking get hit with the five percent ten percent
pullback it it hits them different than us so like we for us on bitcoin like that's just another
fucking day in the in the mud and uh i would be surprised if we don't see some sort of, like,
more significant reaction, correction to what's happening
in these precious metals.
Hey, go ahead.
And listen, I like what you said.
And I was sitting here thinking about what you said, and I do wonder if there's some things going on behind the scenes with governments where they know more than we know, and this gold and silver trade is a flight to safety for governments.
I don't know if it's retail driven.
I don't think it is either.
Yeah, I agree with you on that.
I mean, that's where the big money is.
That's where the money that we anticipated to be filing into Bitcoin, you know, with the same sort of velocity,
that's where it is. And Bitcoin just isn't in that arena yet.
You know, it may, it may be someday, but it's just not. And,
but I'm, what I'm saying is like those family offices, institutions,
all of the major, like, like all the major, the major players globally,
they don't have the same sort of stomach though.
And so it might be an indicator
with the flight to safety for sure.
It might just be the weakening of the US dollar
and the uncertainty of where to actually put it.
And this is obviously the most logical,
but when you start getting that to happen
and there's those larger than 5% fluctuations,
it slaps different for those types of investors
most definitely it does yes it does they're not used to that what's up uh blue blue
okay what's going on guys uh three point topic i'll stay on topic here we'll do uh dollar
we'll do gold we'll do silver silver so the dollar this is actually completely
normal so when we get to a point with import exports the only thing that offsets the import
tax from american goods is a weak dollar the dollar is always designed to be you know one to
one and a quarter euro it also correlates with what's taking place with japan a weak dollar
is american selling goods and we are exporting more goods a strong dollar our market stops
because when you add on tariffs from other nations nobody buys our ship because it's too expensive
nobody buys our because it's too expensive basically it's like us buying a eighty thousand
dollar cadillac you send it to europe it's 130 000 once it gets through their system
and they're not buying that they're going to buy a benz or bmw so so this is actually completely
natural takes place all the time doesn't really have much to do with gold or a weak economy even
though a lot of people will say you know trump's full of and jerome powell and everything between now this is actually what sparks up global
trade and it also stops let's say japan from being too interested in selling bonds and treasuries
because the price of dollar to their dollar is a little less enticing so this is the art of the
deal taking place right now with the dollar when
we go forward to gold gold is a flight to safety and global war 100 always will be bitcoin's never
going to be it's not don't care you get the fucking jesus christ of bitcoin in here i don't
care if he has a 50 billion dollar portfolio doesn't mean he fucking is right right so money
having a lot of money doesn't equate to being intelligently right with the current market flow especially when
you're extracted from it because you're living your lavish lifestyle so there's
a two-part scenario with gold not only do you have wartime purchases right
because it's kind of offsets the whole concept of the Swift system which we
thought that digital assets would supplement but it's not going to just
because of the genius act stables and everything else that take
place you know stable coins are just a big Ponzi scam DeFi is dying it's almost
dead so with that being said you also have a digital gold right which
represents the retail because I love how you said that's the castle I don't know
if this retail driven is this global state driven, whatever it may be.
Well, it's actually a two-part driven.
The flight of safety during war, the flight of safety during sanctions in SWIFT.
And the third part, I guess, actually, is the digital influence of gold.
Tether gold is massive.
Gold is 100% digitized.
You crypto bros that want to get diversified in gold. You don't care about holding it physical You don't buy paper bullshit from the stock market that closes
You get digital gold and you can sell it at a click of a button without a merchant fee
You're not paying some pawn shop or some gold dealer a markup
You know basically just for the transaction digital gold tether gold, it's already there.
There's already a tether silver.
So with that being said, you have the influence of war.
You have the creation of bricks,
which is breaking away from the American monetary system,
which is pretty heavily backed by gold.
Tether itself, not just tether gold,
but tether the stable has the
world's largest non-state holdings of physical gold that's fully audited fully audited and a
nuclear safe fucking base audited by switzerland 100 accountable more accountable than fort knox
um so you have war you have sanctions then you have sanctions, then you have retail, digital, digital retail.
So gold is going wherever Bitcoin and everything else goes. It's not losing its digital footprint.
If anything, the digital footprint is stronger. Gold will be here as long as there is digital
transactions. It's not disappearing. Silver. Even though there's a question, Blue.
silver even though the question blue sure on the fort knox thing uh you know elon wanted to audit
that i don't know if i think trump may have wanted to do that but do you think that they
looked into that and realized they're way short
it's kind of hard to say right um because Because, you know, there's a lot of different forms of seizure.
I don't know if you remember the pictures of 40-yard dumpsters filled with gold bars that we brought home from Iraq.
So, you know, if we have a percentage of Bitcoin, which is 100% for America, that was seized,
we definitely have a seized stockpile of gold to offset any indifference in the books
um what i'd be interested in seeing is the re-evaluation of fort knox right because what
is it valued at 47 an ounce or something stupid like that um so there's never been an audit that
gave it a current valuation which would be pretty interesting right it was wild how how that just kind of got
tucked under the rug isn't it like real quick right and it was all in line with when you know
it started going parabolic yeah that's got limited influence to it actually um so you know this is
when it's tough you got to take a step out of your crypto mindset and go into like a trad fi mindset
um so so it's as far as like opening up the vault and it's empty um this is opinion but not even a
chance in hell um so um and as far as that influencing the run on gold uh zero correlation
but as far as why was it swept under the rug, I think that ties into the art of the
deal. Like everything that's taking place has a compound effect and information that's beneficial
tends to get, information that's beneficial tends to get released when it's most beneficial.
Information that's beneficial tends to get released when it's most beneficial
So so I'm not fearful of that scenario
And primarily it is a retail driven war driven
sanction driven economy
That that you know when it pops I highly doubt that we see as much
Retracement in gold as we have historically now let's get the silver
silver is going through a gm before you start on silver i have a question you mentioned tether and
obviously we all we know about the uh they're hoarded gold and stuff how how is tether connected
to our bonds uh they buy treasuries so so they have a basket of of of value uh they hold bitcoin
they hold some ethereum they have
precious metals they have gold they buy united states treasuries they were for a season buying
more than japan and all these other nations that stopped buying our treasuries so tether has
actually supplemented the lack of influence that foreign nations used to do when they purchased our
debt okay thank you that foreign nations used to do when they purchased our debt.
Okay, thank you.
All right, I have one for you, Blue Collar.
Well, let's let him finish.
Okay.
You going to finish, Blue?
Yeah, I just got to take care of something real quick.
I'll be right back.
Okay.
Perfect.
Is it my turn now, Mr. Easy?
Not?
Yes.
Why does the PMI call the Bitcoin high year over year for 15 years?
That is not a mistake.
Bitcoin is not digital gold.
It's not a mistake. Bitcoin is not digital gold. It's digital silver. So what we see happening with silver is exactly what we will see with the debt market of Bitcoin.
And anyone that has illusions that Bitcoin is so powerful does not know the entire game.
You can't not know Bitcoin.
Yeah, I don't have any answers for you Satoshi.
You cannot know Bitcoin.
You cannot know Bitcoin without knowing the debt, treasure, and You're actually a distraction and you bring
zero value to the end of the stage outside
of entertainment.
Yeah, I mean
like it would be like we're in here
talking about exercise and then
she like, like I don't even know
how to bring it back to finance. It's like
like, I don't know
why she does that.
Like it would be like we're talking about changing a tire
and then she would say something about cutting a tree down
well it's actually intentionally she doesn't want information being
represented at a free open market of open source
you know conversation she just doesn't want it she does it every time that
something productive is being said or mentioned that's just whoever
she's part of whoever pays her whatever, whatever it may be, and it is what it is.
So, yeah, silver is a paper trade, right? So we had CME closure based off of there was some outage, right?
They don't use the AWS system. They had something else.
But we had about 24 plus hours where CME was offline and it definitely took away the stronghold
they had in the short position for silver so silver right now is going
through a short squeeze easiest comparison is what happened to AMC and
GME although silver does have a demand as an industrial metal listen people
aren't buying things when you have technology advancement that
there is an overhead cost and a production that if you grow greater than
people stop buying your shit people stop buying your shit manufacturers not
making shit so although there will be a supply and demand issue in the future
for silver this is the paper trade of the century.
And luckily, those that have physical silver, they're also
going to benefit from it also.
But I'm not paying a retailer, you know, 15% off of, you know,
what I've saved and earned.
So if you're selling silver, you use paper and digital silver.
If you're holding silver gold gold you have physical silver gold
easiest fucking strategy there is there's no deviating from it that's the math that's how
it works if you want to sell and all you want to do is pay a digital transaction fee that's probably
cheaper than paper transaction fee and the paper trade closes for a couple hours a day and over the weekend um you're not going to
take the hit on your value as you would bringing physical in to a pawn shop or or jeweler that
accepts precious metals so when you're selling this stuff paper digital when you're holding it
physical physical physical so at this moment what we need to see is an exhaustion in the hype
narrative that a lot of crypto bros has obviously um contributed to but we need to see the exhaustion
of incoming volume flow for silver therefore the shorts will come over and once they have the
ability to control through short positioning stacking um silver will kind of get ringed in a little bit i
don't know if it's at 128 whatever it may be but that that's just how the short squeeze works right
um so with that also being said everybody's celebrating and sable rattling and saying we're
liquidating the banks and everything you don't think they're playing the bottom end of this
market you don't think that they're playing the along while they're getting liquidated on the short yeah you just fucking wake up yesterday so eventually they'll have enough power hopefully
it doesn't come from our tax money through a bailout eventually they'll have enough revenue
to where they can hold the position of silver through short positions that supersedes the
incoming volume that eventually get exhausted right because it's like also you made a great point five percent gold and hits a little bit different
for those people in that community than it does here in uh the world of crypto five percent gold
drop is more money than the entire market cap of bitcoin right like and that's a guesstimation
because it just happened recently and it wasn't a five percent dip so it's like five percent is pretty massive which makes bitcoin look like a flea market commodity
or whatever it may be so so that being said silver short squeeze great play a lot of metrics on how
to determine that not going to give those metrics because it's not my job too i'm not obligated to
once the volume slows down shorts will regain power and then we'll see what
takes place with the fuckery of the market so there you go dollar gold silver
what it's doing what it will do and how it's done
not to mention we are a hundred percent accuracy from two days two plus days ago
in the morning show about Bitcoin going to 84 or so as we're worried about light, about how Jerome Powell would handle the inflation rate, about what the Supreme Court ruling on tariffs are and that is 100% accuracy
on over six dedicated topics
that nobody in this
fucking field of fucking
finance had the balls to say
or put their dick in the chopping block before it
happened. And the people on
your Morden show got that blessing and gift.
Oh yeah, and calling Penguin down on the
bottom, generating a nice 88-90%
return if they caught it.
I see we got Vinny here.
How's it going, Vinny?
GM, GM.
Yeah, I agree with everything that Blue Collar said.
Yeah, I mean, you know, they're just short squeeze in silver, right?
And, you know, there's a short squeeze in silver, right? And, you know, it's interesting to behold.
And I just woke up and saw the all red across my screen.
So I'm not having a great morning, I suppose.
But yeah, glad to be here.
Easy, how are you?
I'm doing pretty good, man.
I'm doing pretty good.
You holding strong?
Is your portfolio all red or what?
What's going on?
So, man, I'm holding strong is your portfolio all red or what what's going on so man i'm i'm i'm holding strong i uh i um i mean i got lucky i guess i would say because i have a lot of uh fiat and
i had a couple hundred thousand in usdc and i've just just been barely i've just been slowly like as we were talking like right now no
big hurry i bought like four thousand and some dollars like 41 4200 like a 0.05 of a bitcoin i
bought like two roughly two more ethereum about around four thousand000 and some change, like 2.6, 2.7.
I'm at 1.6, 1.7.
I'm just telling you, I bought 65 soul on that 117 print.
I bought 65 soul.
I bought 65 soul.
Just slowly.
I got like a $9,500, $9,600 one-sided liquidity pool.
Nothing but USDC to start accumulating ETH at the break of $2,800.
So from like $2,800 to $2,500, it will fill that pool of $9,600 that I have. So listen,
small numbers, just slowly, like two or three days ago when we were down in this levels,
I bought $15,000, $20,000 worth of Bitcoin. I bought eight uh, eight or nine, uh, Ethereum. So like, I'm actually just doing
what I know to do over my years of experience, no matter what, like we're here talking about
and everything like my, my, you know, my fingers are 24 months from now um 12 months from now like i don't
have the crystal ball so i'm not but i'm just saying uh you look like genius you look like
genius and everyone sits around and wish they had bought so that's what i'm doing you had mentioned that the other day
when we were talking about drb then you were starting your uh your position right and i was
like man that was one of the biggest um eye openers when you had like the benefit of time for me to
like not full clip into things that just like i I've been buying $123 pretty much every day over, you know, since March.
And it's like, you know, that, that has outperformed for sure.
Had, you know, just, just jumped in at some, some level,
but it's like that restraint is very difficult when you think
oh it's gonna run it's gonna go and it's gonna keep going it's gonna keep going but instead like
when you can be measured with your approach with anything i think yeah you might miss some stuff
but i do think that that that like um uh balancing of uh of allowing time to do its thing really does set you up for a much sturdier
foundation with whatever asset you're investing as long as you think there's a defensible thesis
that's paired with it. So it's funny. I'm glad you brought that up. So probably twice so far. And I just,
I don't know for what reason, but I've thought about DMing you twice, just saying, bro, like,
just to say like, like, bro, I'm not even really like worried about it because only reason why,
only reason why is because I actually did go into that mindset. Like FOMO is a motherfucker.
Let's be real.
But reality is, okay, I understand where we're at in the market.
I see what Bitcoin's doing.
I see what Ethereum's doing.
It's one out of 1,000 or some shit that you'll have like that outlier
where it will just pull like a chain link and go from 77, you know, 17 cent to $55 over a 18 to 24 month
period during a bear market. So the reality is, is I've dipped my toes in so little that,
and really have like, okay, this is a, this is a small bet that I'm taking and let's see where it goes to actually only getting like 7% to 10% of my allocation.
So if that's truly what I'm doing in heart, then when I'm truly doing that in heart,
actually a pullback in the price is actually welcomed.
Yeah, it's wild how psychologically you actually set yourself up for an entire different dynamic of how you react to it.
That's that's really like I think it's a hack.
And I just with the way that you had said that when we were speaking about it, I was like, man, that's like, that's something that you can only establish with real experience and understanding, like how you react, you meaning just anybody in, in, as a market participant. actually execute on measured layering in because it's easier said than everyone's out here oh yeah
buy buy low sell high like everyone's got a fucking opinion everyone's got a fucking
like like so so many so many uh lessons to teach right but when it comes down to
actually being in the arena when it's game on, they usually go a little over their skis.
And I've done it too many times too,
and you regret it because then you see these pullbacks
and you still believe in, you're like,
fuck man, I wish I had just waited a little bit more.
And so like, I really have been intentional too
about that one in particular, but even some other ones.
And you get affected differently.
Like from a root level, you'd feel different about these days that inevitably come,
even when it seems in the moment when those green candles are hitting,
that it's just going to keep going forever.
And it just doesn't.
You know, it does pull back.
You're going to have those windows.
Yes. Yes. own forever and it just doesn't you know it does pull back you're gonna have those windows yes
yes and and again like i'll say one more time just like like i've literally i've put in hundreds of
dollars you know my goal is to have you know thousands of dollars of it and like high risk, high reward. And, bro, like, I'm just...
And see, I believe, like, if anything, like, these type of coins, I'm the last ones to take off.
But I'll still, like, I'll still...
And, you know, I learned something this last cycle.
This last cycle.
I learned something each cycle.
I learned something each cycle.
And for me, I took on more risk than I probably should have.
Right?
Because in the end, my goal was more Bitcoin.
Right?
And I literally, like, and honestly, it was probably just Pepe and and mog i had too much money in them coins
you know i had too much money like when i when i was at the height of my meme coin at the height
like it was like at the height of memes and everything i had about three million dollars
tied up in meme coins that's a lot of money man that's too much money that's just way
too much money and and and and i didn't even and listen i was you know you know i cashed out
hundreds of thousands of dollars not millions of dollars you know what i mean it's like just to be
totally honest about it right and i was like fuck i should have that shit in bitcoin right
because even though bitcoin's down for even if i'd have bought Bitcoin at the tippity top with it,
it still is only, you know, down what, 25%?
You know what I mean?
Not 95%, right?
Absolutely.
Yeah.
It's a trap.
And it seems like such a slam dunk in the moment.
And then when you get that, it's like waking up next to it
uh someone you thought looked different the night before and they got some musty ass you know
stank on their breath too and so yeah all all this stuff you're like get the fuck out of here
bro and you can't they can't get out they they don't they don't even have a uber on their phone
or some shit they start looking at your couch different i don't know whatever, whatever. I'm just saying, like, it's that same energy
when you get stuck with some bullshit
that you thought was bullish and changed.
And a lot of the times with the memes,
that is, it's so drastic of a shift
when it's not green.
But when you have something that you think is
different, like fundamentally different,
and there's real substance there,
you interact with it differently.
And there's different equities that I feel like that about too.
Right. Like,
and you just add more like a Microsoft on this pull up,
pull back.
I was like,
fuck,
this is a no brainer at my Microsoft hold.
It's like,
it just hits different.
And, and so that that that i think too when you have like a real thesis you've thought out and you understand like that i
think is is an important piece too because a lot of people like i think this penguin
shit is a great example in these different things that go to 100 millions overnight like
with less than two2 million of liquidity
regardless of that.
Go ahead.
I want to say
this.
If I am fucking around with them
type of things, if I am,
for me, I ain't telling
these other people what to do, but for me,
I have to realize that was the opportunity.
That was the opportunity.
The opportunity was to be in their three, four, five, six, seven million dollar market cap.
And the opportunity was to sell at 90 million, 80 million, 110 million market.
That was the opportunity. And, uh, and I know
people don't want to hear that, but that was the opportunity. Yeah. I'd say like 95% of the time,
a hundred that you're, you're, you're on point. But one thing I remember very clearly with Pepe,
um, I, I was buying hand over fist when it had a couple very drastic pullbacks post $100 million.
And it felt like it was in that same going into the abyss energy for a matter of months.
And I was DCAing and that was different.
Well below a billion. well below 500 million, right?
And so it does, it is, it's not,
I think that as a general framework,
what you just articulated is definitely the wiser approach,
but I do think there are exceptions,
but they gotta be, they gotta have pretty much
bulletproof thesis, theses that are, that are behind them.
And they're not, um, they're not frequently, uh, around, you know, yeah.
To distinguish between the two is the hard part.
It's, it's hard.
Right.
So, so I use that strategy more often than not, because like you said, 95, you're 12 weeks, 14 weeks later, they'll literally be at 72K market cap, you know what I mean, with no liquidity left in the pools.
you know what I mean, with no liquidity left in the pools. And so, man, and then to be able to
identify that Pepe, I think that's one of the reasons why I'm still staying with my finger
on the pulse and staying here each day during this bearish time, you know what I mean? And again,
I do believe the money is made when you buy.
The money is made when you buy.
I see Casas connecting back.
I think he dropped down.
Let's see, was it Cal?
Were you trying to say something a few minutes ago, Cal?
Or who was it?
I think Cal is a hand up, yeah.
Go ahead, Cal. Don't farm me, Kyle.
Don't farm me, please.
I'm sorry.
Actually, I was moving the phone and my hand pressed on the mic.
So, no, I don't have anything to say.
Okay.
My bad.
I went through a bad service zone, but I caught what you said.
100%. Volatility, if you're a trader, everyone claims to be a trader on the timeline all the time and things are good.
But if you're a real trader, volatility is your best friend.
You want volatility.
That's how you're making your money.
Like you're saying, with the downswings, I don positions and where you know things that have gone up and
you know fucking you know bitcoin out of 100 some k 80k is crazy like you know i wanted that fuck i
want to buy this 16k you know like i wanted that fucking 6k like you know get it where you can fit
it you can make money going both ways if that's your thing you know it's like yeah i like what you're
saying so although uh the metals guy that was in here looks like the metals are getting hit too
so just as hard everything's getting hit all at once
so so yeah i mean and then but we have to live in reality too, right? We can't, and it's called
investing in the rear mirror. And, and, and that never works. That never works. So like,
like, like, like what happens is you miss, okay, so you fast forward another couple years and, and,
and, and you miss the 80K bitcoin when it's trading at 180k because
you're investing not you but like okay so i'm not trying to make it about you or say anything
negative about you i'm just saying like people when you invest in the rear mirror like so you're
looking at the 16k bitcoin when it's trading at 80k well when it's 180k you miss the 80k so you gotta invest
looking through the windshield
not the rear rear mirror
see Kasa you must be having trouble
with your mic or something
let me try to send you
an invite to speak see if that works
but go ahead
I didn't mean to cut anyone
no one's prepared for a nine-figure Bitcoin.
Good. Correct. Correct.
It's
It's
But you gotta have have the money too.
You got to have the money too.
That's where money management comes in.
You got to have the money and, and, uh, you got to have the money and, and, and that's
fine. Like, like,
and I'm not even, I'm trying to get away from even talking about it. Like if, if, if,
if, if, if you want, if you want to come here and go look at live new pairs and, and be in
launch spaces and stuff, dude, you should have that. Like, who am I to say not do that?
Who am I to say not do that?
But you better be prepared to put the air in my goddamn tires.
You better be fucking prepared to fucking fix my dinner and to change the fucking oil in my truck.
Because that's reality, though.
That's reality.
This place is sold as if it's a get rich quick scheme.
It's not.
And to not understand basic math when people say I called a 66,000% return and shit.
Like bro, that's fucking just stupid.
It's just stupid.
These things start with zero liquidity.
Pump fund doesn't launch with 100 soul
and the coins in the liquidity pool.
They start from nothing.
So at some point, there's literally $200 in the liquidity pool, they start from nothing. So at some point,
there's literally $200 in the liquidity pool
paired with a billion tokens.
And to not be able to break down math
and to say,
hey, there was not even no liquidity to get that type of return.
A lot of these things are five, six, seven, eight, whenever people say they're 66,000% return,
it was a seven or eight times your money on a small amount of money, on your light bill,
Eight times your money on a small amount of money on your light bill, on your mortgage payment, on the cost of a set of tires to go on your truck.
Fifteen, sixteen hundred dollars.
I don't know about y'all, bro, but it takes millions to make this world go around.
It takes billions to make this world go around.
And if you want to sit around with a simple minded like flip a fucking quarter type of deal, that's fine.
That's fine. But you do have to put it in perspective, man. Like, a lot of these coins
that people talk about, there's no liquidity. There's no nothing. And it's like cartoon
characters talking on the internet, man, to grown up with with money you had mentioned uh you know wanting to
be in a room where you're uh you know surrounded by there's obviously that cliche saying like you
want to be the dumbest person in the room right you want to be around people that um make you
think differently that have different perspectives that you may think are even just just more
intelligent or whatever different whatever that pocket is.
And I think that people don't take inventory
of how much it permeates on a larger level
when you hang out in the gutter with the fucking gutter rats
and you're really spending your time
focused on the things that they are.
And meanwhile, nobody can actually get significant um gains in these pockets like that's why i just have
removed myself from the quote-unquote trenches like i'm in my own trenches in as far as like
yeah i have low-cap projects i'm focused, but it's a larger like like coordinated effort.
Right. That's that's very focused. I've said like I'm not buying a new meme ever again.
Right. And that's just how I feel. That's the result I've had because I've seen some of the people that get like championed as the biggest mind, big brains here.
championed as the biggest mind big brains here just fucking uh gaslight people to absolute rape
just just can like bully people to thinking that something is bullish and bully and have this group
think and get their foot soldiers i mean imf was just like a glaring example but there's been
several like i i felt that way with mog and and just because it
was like everyone's who had like a say was just like fucking anything that was counter that you're
a fucking idiot you get flamed you get dragged in back channels but meanwhile like it's it's clear
who was fucking taking out the back end of that motherfucker yeah five or six of the big boys
work with people right yeah i'll say it five or six of the big boys were. With people, right?
Yeah, I'll say it.
Five or six of the big boys were.
And because let me tell you something.
Here's the other thing, people.
When it was going against their way, bro,
from these big, huge wallets,
$100,000 worth of mog would get transferred and they would transfer it to a new wallet
and then put it in IMF to cover their liquidation before they got
liquidated. And it was only a matter of time. And to get hammered, to get hammered for telling a
dude, for telling the small working man in here that's trying to make it and to tell them what's
happening and then to get roasted over it, the people got exactly. And that's where my tweet come out yesterday.
I must like and like and and and what's his name?
Blue Collar mentioned it, too.
Like like not everyone is worthy of my knowledge, man.
And I don't I'm not obligated to give it away here.
And and, you know, I'm going to share my knowledge with people who have
something that wants, it's a two-way street. They want to share their knowledge with me.
And what, and what, what it really comes down to, right. Is that there was a certain level of like
all knowingness that was exuded by a lot of the people that were really like the, the big holders.
Right. And, and this, this like dissemination of information and following following in line and activating people under the certain narrative and just completely
fucking cucking them into doing the being the the megaphones right in the spaces and being the
fucking ones to reassure people and to say like everyone else is fucking you know everyone else
is leading you to bullshit all this
all this stuff right meanwhile it was like they were getting fucked too so it's like if you are
falling victim to essentially like like listening to the foot soldiers that are that don't even know
that they're doing the bidding of people that are just sitting back and laughing at this shit
like that's a lesson that you got to learn the hard way i've been victim we've all been victim of it and uh that one i knew was happening me and you talked
about it and one time in the earlier on like i got flamed when me and you were butting heads just
just for sharing that that information correct you know correct and but but it's like but you
know what it did i always respected you because, it forced me to go look, right.
It forced me to go look, but that's the thing, dude.
Everyone else just took the word of the people that were so convincing because they just want another man to save them.
And what I always respected about you is you actually took it, took the time to investigate yourself and not take anybody's word.
Yeah.
You thought it was stupid at face value but you
then you went and you did you did what you fucking did and I think that um you probably
saved some people when you really brought nothing but facts in a very like clear way during that
that span when you did and that's why you know know, I've told you that too. I just respect that you actually are one of the people here
that does the work,
and you're not going to just take someone else's word for it.
Hell no, because it will put me in the poorhouse.
It will put me in the poorhouse.
And yeah, yeah, yeah, yeah.
And I appreciate the acknowledgement on that.
And you said it exactly right. Like, I did not just take it. I did. I did at first. You know, I mean, but boy, when I got to look and I said, it, I knew there was going to be some fucking shit. And like for the people not to understand that the interest rate is based on how much money is left in the pool to borrow.
Well, there was only one or two people lending the money and they could just manipulate the interest rate by hitting a button and saying,
withdraw some of their liquidity, which would automatically shoot the interest rate up.
So they did that every time the price went down to force liquidations and to force people to pay their loans back when they were in a massive loss,
which then manipulated the bigger guys in MOG to then transfer more of the coin to stop from getting liquidated.
Okay. And then what people didn't realize is you could open up multiple pools. So what they did,
they started hiding the pools that were, uh, that were underwater. And, uh, they just created a new
pool through the front end of IMF. And you had to go to Morpheus yourself and type in MOG and see the multiple
pools that the people were upside down on and the liquidations that were about to happen.
And I was calling this out at $850 million market cap. It's sitting at what 80 80 million market cap now yep and 92 down from there exactly
and i you know the last thing i'll say before because i see we got a fucking uh we got you
zon we got you zon a legend up here i don't want to i want to be respectful of his time but uh
the the last thing i say is like that was a similar gripe I had with Aster. It wasn't a quality of Aster itself.
It was that the pull of all the liquidity focus there is going to unravel so many different things because it was a lot of the similar people.
And when there's a crossover, you have this implosion as like a cascade that inevitably happens and then when
that's paired with leverage with people that are where it's making it easier for people to leverage
things then you're getting out of spot and and it has this like very fucking like it's like a bad
flywheel effect the the type that you don't want and that has it's insane amount of ripple effects
um especially when it's paired
with an event like what happened on october 10th uh anyways i'll give it pass it to my dog gizan
what's up yo what's up easy what's up c casa how are you guys doing bro it's been a while yeah it has man
how are you doing man honestly i've been busy easy i kind of like uh for a couple of months now
bro like you just realize the the moment you go out of the door and you start meeting people, you start realizing that the money is not in fucking
crypto.
Okay?
I've met with quite a few people, got introduced to a few big people where we are probably
going to have some business partnerships together.
And then you realize how fucking small crypto is.
It's really an echo chamber.
Especially when you see how people made their money in real life,
you're going to realize even here in a city,
like I live in Dubai, the UAE,
in a city where it's advertised as a crypto boy city,
like the dream for anyone in crypto, tax-free,
that type of thing.
But then you realize that, you know, it's one out of 50 people made their money in crypto.
Everybody else, that's not the way.
And then you realize when you start looking at, you know, other fucking industries other
than crypto, you start to realize that it's like making money trading in crypto
and spending time in the fucking trenches.
If you put that same amount of time elsewhere,
I swear to God, you're going to make 10 times as much money.
And then you can invest one tenth of that in Bitcoin,
wait long term and outperform all the fucking trenches.
This is the reality.
Like, listen, I fucking love Bitcoin,
but hey, we look like shit today.
Okay?
Like, let's be fucking real.
People that have been investing in gold over the past five years,
whether they bought five years ago
or they've been DCA-ing for the past five years,
they have outperformed any
bitcoin holder that bought bitcoin in the past five years at any fucking point of time
so it's kind of crazy you know we're not talking about the s p 500 we're not talking about one
single individual stock we're talking about god's currency. We're talking about gold, you know?
Hold on one second.
Just a quick question.
Because if you actually, let's say from a 5 to 7, 10-year vantage point,
if you compare Bitcoin, even though it's been volatile,
to any of those assets,
the returns have been significantly more robust with Bitcoin right
so uh five years just just got outperformed by gold so uh right that's why I'm saying what I'm
saying yes but yeah yeah with this recent conversation exactly so this is like another
point like I'm not trashing Bitcoin but I'm saying like
the recent price performance especially like in the past couple of years you know since 2024 to
be specific like since end of 2024 because honestly that's when we saw alts running that's
when you know we saw everything at like healthy market caps. Doge went to 48 cents. Ethereum almost hit 5k.
Bitcoin was just around, you know, 108, 107, 109 thousand dollars.
But also were performing much better.
And gold was relatively low compared to where it's at today.
And that's when Bitcoin pretty much peaked and all the altcoins peaked as well.
And that's when Bitcoin pretty much peaked and all the altcoins peaked as well.
That's probably when we saw Pepe at 13 billion,
MoG at over a billion dollar market cap,
a bunch of shit coins at 3, 4 billion market caps.
Everything was like fucking amazing.
I think like if you really ask me,
I think October 10th changed something, like, fundamental,
like, that we are, it's going to fucking take time to recover from that.
But besides that, there is always something with crypto, you know?
There's always something that happens that goes wrong with crypto that leads us into
whether we want to call it a bear market or
whatever we want to call it. But the continuous weakness like on crypto, like just going lower
and lower month after month, as every other asset is going higher and higher and higher. And again,
I'm telling you, that's going to change. I still do believe Bitcoin is going to be trading at 500k plus at a million dollars plus
it's only a matter of time but what i'm saying trying to have the advantage
right now in crypto it's just getting more and more difficult to have the upper edge
to make good amount of money to lock it in on bitcoin. You know? Like the trenches aren't trenching anymore.
The last time we had proper trenches was in 2023, when everyone moved from NFTs to meme
coins, and there was only a few meme coins.
The moment PumpFun launched, that was the nail in the coffin for meme coins and the
the nail in the coffin for meme coins and the trenches that's my opinion
trenches.
That's my opinion.
yeah and uh and uh and uh don't forget trump's coin because trump's coin did exactly what ccasa
was talking about uh a little while ago even though he didn't name that coin but if you remember back
then that like people pulled out of math like they were selling massive hodl positions that they had in meme coins and things.
And basically, the Trump coin sucked the air out of the room.
Then again, the 10th, like you said, 10-10, it was like the Trump coin on steroids because it was know it was a 20 times bigger uh suck of the
air out of the room yeah yeah and i think that you know zan you you raised some good points and
easy that was a major moment too right it's similar to that and another one that came to
mind is blur when blur came out what it did to nfts right? Like this very similar type of absolute implosion.
The one thing that I think is worth keeping in context, right?
We have a lot of this uncertainty, turmoil,
Trump making very unpredictable moves,
strategic moves that I do think are net positive
for the US and for markets.
There's a lot of bullshit that had to get addressed. The one thing though, with crypto is like,
I don't necessarily see it as dismal in the even the short to midterm, because the regulatory foundation is drastically changing.
And even though the Clarity Act in its first pass didn't go, we still have the infrastructure
from support, like who actually has the votes and who has the ability to effectuate change
that can fundamentally
change things. And so next week, when you have all the banking execs come and meet with the
White House specifically on crypto, and you have David Sachs and his ability to kind of
bring people together that's been unique, particularly on crypto, if there is that catalyst of the Clarity Act being solidified,
if the US starts using Bitcoin, adding Bitcoin besides just the seize Bitcoin to its federal
back reserves, then you see other countries are going to follow suit as a matter of national
security. Then you're going to see like a lot of these ETFs that just came out, even Morgan Stanley,
national security. Then you're going to see like a lot of these ETFs that just came out,
even Morgan Stanley, they have not started deploying capital. Some have, and some have
also sold major amounts as well. But I believe that just them knowing how to manipulate markets
psychologically and how to kind of disseminate certain uncertainty to get higher entry points,
that is a factor because you see just as quick as they sell,
four or five days later, two weeks later,
they come back in with a billion plus dollars of inflows.
So these sort of unprecedented liquidity flows are something to be mindful of.
And I think that once you have that regulatory solidification in the actual
policy, that is something that we have never seen before. And when it comes to meme coins,
no matter what, those are going to be tied to the health and growth of Ethereum or Solana.
So as long as we see Ethereum in the dumps, we're not going to see anything with these memes.
But I do think Ethereum is underpriced right now.
I do think there's an issue with the L2s taking a lot of the deflationary impacts that we thought was going to happen with heightened activity.
So that has to be addressed.
And I think that's a very real concern.
real concern. But if that is something that is, as things continue to scale as BlackRock and these
different ETFs and Tom Lee and all these different people continue to kind of permeate the larger
commercial level attention, I do think there's going to be a shift in the price of Ethereum.
And I do think no matter what, we are going to see when Ethereum goes up, just even off of the liquidity pools being paired with Ethereum, you're going to see these meme coins.
Not all of them, obviously.
There's death and fucking despair for most of them, I think, in the cards. to the ones that are still have relatively significant LPs that are paired with Ethereum
and that have people that are engaged, that is going to be tied to the price of Ethereum.
And when it's still below 4K, there's just nothing to talk about with that.
It's just that it's a moot point until we see the macro change.
And the macro has openings to have those catalysts with these regulatory adjustments
and things like the clarity
act being brought into into actual policy and solidified what you think about that yazon what
you think about that light listen i i really think like uh if we want to look at the big picture
we are fucking early like i know bitcoin is at 85k and it sounds fucking insane
but we are fucking early because again we're not looking at market caps but when you look at the
entire crypto market cap as an industry we're talking about.8, 2.9 trillion as of today.
It's nothing, man.
It's fucking nothing.
Bitcoin used to be bigger than silver
just like a year ago.
Bitcoin flipped silver
and was bigger than silver.
Since then, silver,
it's more than triple Bitcoin's market cap.
And I think Bitcoin is going to do a move
where eventually I do see Bitcoin
as the number two biggest asset in the world.
Number one, that's a far reach.
Like, don't tell me Bitcoin is going to flip gold at any time.
Like, maybe not even fucking 20 years from now.
God knows about that.
But I do see Bitcoin becoming the second largest asset.
Two questions for you, Zan.
First is, when you see, like, isn't it fair to say that the 5% pumps and drops on the assets like silver and and and uh gold that they
drastically affect those types of investor investors differently than the bitcoin
motherfuckers like when they're seeing this type of like price action they're not conditioned for
it used to it or comfortable with it
so i'm gonna and this is obviously still tbd but don't you think that like there is gonna be um
some sort of significant reaction if that if this continues to have these these significant price
actions like a fucking like a like a meme coin ccA 1% on gold flushes people out
because people are trading Forex.
Like every single person you see trading oil, gold, silver,
they're using Forex.
And when we talk about Forex,
that means not a single one of them is buying spot.
It's all leverage.
And it's all like,
it's like essentially 100x leverage.
Like as far as I know, like 20x, 50x.
So a 5% drop liquidates you.
Right.
And my other question, and this is more of a retarded question,
but it's genuine because I don't know.
And I was curious if anybody does have the insight on this.
Obviously, one of the real things about Bitcoin that is super compelling, at least in my opinion, is the fact that it's a public ledger and it's a cap supply, right?
And that there's a schedule to how much can be mined.
And so that really activates proper supply and demand dynamics.
supply and demand dynamics with gold.
Is it not out of the question or is it out of the question to think that seeing what
they've done with diamonds, with being able to create diamonds with the same quality,
clarity, strength, that there would be new ways to generate gold from just a supply standpoint as technology improves that would
affect the bigger scheme of things with how much of a rarity is assigned to the price of gold.
So I'll tell you my honest opinion on that. I think there is a possibility of producing, you know, using
technology to get things with like 99% similarities to the characteristics of gold so that we
can use it in tech, in technology, like whatever it needs to be used. But creating gold itself is a very different story
from creating diamonds
because diamonds are composed of carbon
and that's why it's possible
because, you know, the natural earth process,
it's just a way of reorganizing the carbon elements.
So technically, diamonds is possible,
but with gold, it's like to turn one element into a completely
different element. It's in a sustainable way that is cost efficient. I think it's impossible.
And if like, we're not going to see it probably for another 50 to 100 years.
It's a big conversation, you know, but even if they could uh with the current technology that we have they might be
doing it for like testing purposes in not a sustainable way and this is not really something
that they can achieve right now and obviously if something like that happens it's going to affect
the price of gold but gold is as well like it's it's very scarce. Like, if you really look at the amount of gold that exists in the entire world,
I don't know, like, what's the fucking statistic,
but, like, if you try to picture it visually, it's not that much.
And I don't think the entirety of gold is...
They are mining more, right? the entirety of gold they are
absolutely
there is like some sort of mining rate
basically the supply will keep increasing
forever of gold
the more they find gold
the more they're gonna get it
but it's being hoarded
in some sort of a way
the supply is controlled.
The same way if we would talk,
if you want to talk about diamonds,
diamonds are not really precious stones.
Like they're not rare at all.
There's in fact like much more, you know,
rarer stones than diamonds that are less expensive,
but you know, the diamonds are being hoarded.
Exactly. They're impenetrable
right and that's like something that i think is an important piece of it but like with with gold
yeah go ahead let me help you out here c casa let me help you out here okay picture i want you to
picture this this is the one thing that we do know about gold okay so. So for a hundred years, there's, we found gold. Okay. People were finding
gold seven years ago, 12 years ago. And they, and they, now they've got the technology to where
they said, we found it, but we're not digging it out of the ground because of the cost to dig it
out of the ground versus how much gold's there. As the price of the gold goes up, so there are just thousands of metrics of tons of gold
that they know where it's at.
They mapped it on a map and they say, okay, gold's $1,800 an ounce.
It's not profitable to dig here, but they know where it's at.
So now when gold is $5,500 an ounce, they can go back to that place that they already know where it's at.
With better technology, as the price of gold goes up, they build a better excavator.
They build a better bucket that gets an extra quarter of an ounce on every dig
and now the price went from 1800 to 5500 so they go back to these places where it was almost like
that's how they hoarded it it was in the ground in in a in a vault that nobody could go get because
it wasn't profitable to get and i think that's the issue you run into as gold
goes higher in price. Easy. Great points. Can I also mention an additional factor that is important
that I'm not sure if you guys discussed is the paper markets. You have to know that the majority
of people buying Bitcoin are through the paper markets because a lot of the general public doesn't want to remember their seed phrase.
They don't want to...
Pretty much more than 90% of Bitcoin holders today now
are through custodians and ETFs, etc.
Okay?
So when you take away, like, micro strategies holding, right?
And so you have to know, understand, and accept that rehyping of assets is a real thing.
And that when you say that Bitcoin is only 21 million, it's not.
You have unlimited paper now.
And this is something that I hate that the BTC Maxx.
Wait a second.
Hold on.
The paper has to be backed. The paper has to be backed.
The paper has to be backed. No, it doesn't. I don't know where you get this fact or idea that the
paper has to be backed. It definitely does
because there's only a way that these
ETS get approved. They have to
actually show
an account for what they're issuing.
That's the rehypothicator, though.
You don't think they're rehypothicator?
I don't think they're able to be rehypothicator. Yeah, but being backed is different than being rehypothicated, though. You don't think they're hypothecated. I don't think they're able to just cross supply.
Yeah, but being backed is different than being rehabilitated.
So you're saying that they're essentially issuing more supply than they are holding?
No, no, no.
The ETF is not issuing more supply.
I'm talking about people that want Bitcoin for a purpose whether it is to arbitrage or
whatever that's that's what you're missing out on is that that that the majority of bitcoin
that is being used on exchanges like that are like you know do the etf is being for arbitrage
not being used because people want to just buy and hold. Does that make sense?
So, so the amount of re-hypology.
It's still, you're still having people buying. It's like saying that people buy micro strategy without putting a hedge in by, by, by shorting, right?
It's like, it's like people buy, for example, people buy the ETF and then they would short micro strategy because you're not going to do everything.
Everything the way banking and institutional money works is they need guaranteed money in arbitrage.
If you don't understand that, then they shouldn't be playing the game.
I don't see how that is as relevant, though, when you're comparing a set supply.
Oh, gotcha, gotcha, gotcha.
No, no.
So it's relevant because you see how vol is collapsing and the implied volatility is collapsing.
That's going to affect price because that's just how leverage works.
So if you look at D vol, go ahead and pull up a chart of D vol, which is the volatility of Bitcoin.
And you'll see that it goes up and down, up and down.
But the trend is overall just in decline.
And it doesn't look like it's stopping soon.
Right. But there is a point.
And leverage is a different beast. And it's going to obviously affect
price action significantly. But ultimately... Correct. But it'll be to the downside.
Not to the upside. Because it brings it to
a point where there's going to be a pivot and where people are going to see the opportunity.
Whether that's a day, three days, five days, five.
These are short lapses, but ultimately compared to the unknown supply component of gold.
And also, I think it's worth noting that all of these backed backed gold uh vehicles are are privatized and they're not you
you just even just ford knox and what elan was saying with with uh the us's holdings let alone
obviously all the markets related uh gold issuing is is a different beast it's it's it's not the
same thing as having a cap supply where you do need to have the holdings. Right. So that my question.
Yeah.
My question to you, Cicasa, is is.
When you look at it, then why would someone want to continue holding something that like that has gone up nine decimal points, nine decimal points?
Think about that.
And you're going to get one or two decimals back.
Like, why would you want to hold it when you're giving one or two decimals back?
Why would you want to be in something else that's going up?
I have an answer to that.
Why would I want, when something is at a, what is gold, at a $30 trillion, $34 trillion market cap?
I'm not talking about gold, though, dude.
No, I understand.
I understand.
I'm not talking about gold.
What I'm saying is if you look at what happens over time with the activation of ETFs, right?
If you look at where gold started, right, and the ETF started compared to where a 20-year trajectory leads, and the same thing goes with any ETF for these sort of commodities, there is a drastic adoption curve that happens over time.
And so when you're talking about a global scale where you're talking about governments,
family offices, unions that are allocating a percentage of trillion dollar funds, that
changes the dynamics of what has been a relatively micro pool of investors.
So the only frame of reference is the adoption and growth of these things over time on a
global scale once these institutional vehicles get implemented.
And that, I think, we're at the earlier points of.
Yeah, so my only question to you is,
what are you using to track that,
or are you just hoping it happens one day?
Because all I'm telling you is,
right now it's moving the other way,
and because as vol collapses and low beta is going to outperform,
especially with duration and convexity risk in the bond market,
like, it doesn't make any sense to hold something that's going down one or two decimal points.
Like I don't understand.
What I'm using is trying to jump in and out on relatively, as a long-term investor.
I'm talking about rotating.
Well, you're saying about rotating.
Okay, that is the same thing as jumping in and out.
That's the same exact thing.
So you'll hold it down to, you'll lose another decimal point happily done basically that sounds insane i will i will add
more at the lower decimal so you're gonna ride down you're holding one decimal point at least
if not two and you're fine with that you're fine with that yes You're fine with that. Yes, because if you see how Bitcoin has performed over the past 15 years.
Well, you know, 10 years to ride it back up another couple decimals.
10 years.
Look, what are you basing that off of?
If you actually look at what the 10-year chart of Bitcoin is.
I am looking.
I'm looking at the law of diminishing returns.
TC, look at the four-year cycle charts and the returns.
And look at vol, dude.
Look at vol. Please pull up a chart of devol and look at the four cycle charts and the returns and and look at vol dude look at vol please pull up a
chart of devol and look at it it's look at what the price of bitcoin was it's 10 years idiotic to
say that you think it's going to turn around someday like it's not happening in the next year
at least i mean are you listening to what's going on in the bond market with duration and convexity
are you listening see the thing is you think you bond market with duration and convexity? Are you listening?
See, the thing is, you think you're too fancy for your own good.
But the problem is you're actually not even paying attention to the fundamental regulatory tailwinds that are materializing, that are significant.
And those are going to drastically impact.
You are trying to bring a narrative to fruition, and it's not going to happen.
I'm just trying to help you out.
I'm pointing to actual things.
It's not a narrative these are regulatory which is like the most important uh facts that
are at play right now these aren't narratives these are actual efforts that are being driven
by people that have the majority to be able to activate and solidify them
that's not that's not a narrative that's a fact of a fundamental
it doesn't matter because that you don't know how money works you don't know how money works
i do know how money works you yo easy can i can i have co-host yeah
bye guys it's been nice knowing you i guess he's going to kick me out now
Because I'm reviewing too much truth
Have fun
Psy-opping all these people
Into hope
When they lose another decimal point or two
When I told you that it was going to happen
Luckily
I'm bookmarking this space
And I'm just gonna i'm just gonna
record it yeah no that's what i just noticed the the muppets like you that try to like so fear by
using technical language and getting people all scared because it sounds like someone knows what
they're talking about you're just you just convinced i'm very bullish i'm very bullish
i am very bullish i'm just not you on the things that you guys are going on in the next one or two years.
I'm very bullish.
Like, you can't imagine a scenario.
So then if you're a long-term investor, what the fuck?
Why wouldn't you want to add to your holdings of something if you think that the three-year trajectory is bullish?
Like, what do you mean over the next one or two years?
I'm not planning on selling my Bitcoin, so what are you talking about?
Like, why wouldn't I want more at a lower entry point if the trajectory is ultimately up?
You just completely contradicted yourself by saying, oh, I'm bullish, just not over the next one.
I don't give a fuck about one or two years.
I'm talking about 20 years.
Like, what are you talking about?
Like, make sense because you are literally contradicting yourself. Right. two years. I'm talking about 20 years. What are you talking about? It makes sense
because you are literally contradicting yourself.
Yeah, the 20-year, 10, 20, 30-year
thesis is in play.
Okay, I'll keep
it on myself, but I know there's a lot of other people
in here because I've networked with them.
Yeah, but isn't quantum computing gonna crack bitcoin i don't think so
no i'm just yeah i know you are like i know you are but by the way i didn't remove him from
uh i i was planning to remove him to be honest but i didn't remove him uh he just left but but wait wait that's
another muppet but i i don't think like there is any guys guys i i have i have uh fundamental issues
like with people that are so close-minded you know the peter schiff guys the kind the peter
kind of guys listen if you want to come and tell me you know aster is going to be at zero in
a couple of years and i'm you know invested in it i'm down bad on it i have no problem with that
because i see how could that play out do you know what i mean it's not like far-fetched i've seen
coins go to zero all the time bit bitcoin is a bit different it's a different asset class it's just something
different and let's go back to the conversation we were already having uh ccaso you asked about
gold mining easy you talked about mining this is by the way the same thing that applies on bitcoin
when the cost of bitcoin mining that's why the hash
rate fluctuates if the cost goes down and you know electricity costs more than you know mining
bitcoin they turn off the machines they you know like there's no point of operating if electricity
cost is going to be more expensive than mining a Bitcoin, that's why hash rate drops.
But that hasn't been really the case
because hash rate has been doing fairly well recently.
But again, to the point, gold, you know,
even if you get something with similar characteristics to gold,
you are still going to have, like, gold's value will definitely be affected but gold is
still gonna exist and it's gonna be you know one of the most valuable assets full stop similar to
when we look at bitcoin you know it still has the number one spot even though there's uh a
shit ton of more coins with limited supply that are faster, more efficient, smart contracts, more technologically advanced.
But still the same case applies. Bitcoin is the most valuable and it's the most valuable for a reason.
It's the code, you know, we are in the digital era, the Internet era.
Everyone is on the Internet.
AI, whatever the fuck you want to call it people transact
online all the time we can talk about fiat all day long but you know if you want safety
if you would ask me would you rather have your money as dollars in the bank over a period of
10 20 years or have gold i will choose gold every single time.
But if you ask me, would you rather have 100% in gold or Bitcoin over the next four to five years,
I'll definitely choose Bitcoin. The choices become very clear, especially seeing, again,
how high is gold going to go? 10 10k 20k like it starts to become
unfucking realistic like what's like then you're talking about a 60 plus trillion dollar market
cap what exactly exactly see casa see casa do you know what's crazy is that honestly like i'm gonna
be honest to god i did not see the 5k coming like i thought it was a meme
like what's gonna reach 5k first eth or uh gold and i was like you know that's very far-fetched
because around that time uh gold just broke three thousand dollars and then it went to 4k and now it's just moving in a parabolic way you know it's
just not normal when bet when it goes up three four percent a day that is insane
we're talking about a 60 trillion market cap or what sorry 37 trillion market cap. So imagine if it goes to 60 trillion,
like the story starts to become very different.
And again, like,
I don't know what the fuck is going on,
to be honest.
Is this sustainable?
I doubt it.
Like, is gold going to be here forever?
No, gold crashed before.
Like, go look at the history.
Gold pumped before and it crashed before. go look at the history gold pumped before
and it crashed before this is nothing new silver too and and i want to jump in here real quick and
say the one analogy that i want i think it helps people to to zoom to to zoom out like really zoom
out um so when we talk about bitcoin for some of us for some of us, we give it the value, we give it
the property value of land, of the farm. Think about your grandparents' grandparents.
Like, they understood that land is a finite property.
You can't, you can't make more land.
Okay.
So you, so you can't be young here and try to do it both ways.
And what I mean by that is you say, okay, well, the boomer was able to buy the $44,000
house.
And today the house is worth 2.7 million right uh 37 years later 37 years later
40 years later the the 40 thousand dollar house is a two million dollar house of course based on
location so some of us look at bitcoin that way and if you think about it over time
when when people that accumulated land and accumulated property over the years, what did they do?
There's been boom and bust cycles in land over the last hundred years.
Like crazy.
Boom bust, boom bust, boom bust, just like Bitcoin.
But what happened was when in the bust cycle, the select few, the smart ones out of the group accumulated more land.
They didn't go and say, oh, it's a boom cycle.
Let me sell my farm.
Oh, it's a bus cycle.
Let me buy the farm back.
Oh, it's no.
What happened was is they bought a thousand acres and they went through the boom and bus cycles.
Then guess what?
12 years, 18 years, 22 later, years later, they bought 10 more thousand acres.
And then it would go through the boom bust cycle again.
And like and so I say that for people to zoom out and think of Bitcoin like land, like property.
So and when you really think about it like property, like people just don't go and buy a property and then call the appraiser every six
months or every six weeks. You don't say, Hey, come give me an appraisal price. Every two hours.
Every two hours. Hey, can you check what's going on? Short-sighted dumb shit, man. Like this is
what gets people wrecked is that somebody comes in here with this technical fucking jargon that
gets people all fucking concerned that like, maybe they don't know as much as they think they do because this guy sounds super fucking technical and he's using all these fucking indices to self fucking reinforcing genius loop feedback loop and activate it all you want. It's not going to change the fundamentals of the clear and simple way that Bitcoin exists period.
Yo, what's up, Michael?
Hey, what's up, guys?
Sorry for background noise.
I'm walking at the same time, but I wanted to touch on a few things.
I do think a lot, the reason why, I mean, part of the reason why gold and silver and precious are moving um is actually pretty concerning with the uncertainty in the world i mean this reading of what's going on right now with iran and china and russia how they're you know gearing up for like like practice essentially
and you know one fun fact you must you guys know what bitcoin is that it can't be destroyed
that bitcoin uh gold it can't be destroyed by like you know you know nuclear weapons you know to get really dark and so when
you have something that's uncertain going on yeah we're gonna see money a lot of money moving to
things that aren't easily destroyed by a war that breaks out and i think that's a big piece of what's
going on there uh once things calm the fuck down, I do think...
Michael, I have a question for you.
Do you think the price of gold is moving
because people are going to gold stores and buying everything that is?
Or because it's moving fucking digitally?
That's the question.
Because I truly don't think it's because people are rushing to stores to buy gold and even if they did stores will just run out of gold because they look at
the market price on the on the digital screen so i don't think it's really people because again if
we're talking about fucking internet money again even if you're buying whether it's on forex or
through an investment bank if you're gonna get nuked you're not gonna have
access to that gold you know what i mean no but the broker the person that actually yeah because
it's an asset backed um asset um it will it's not going to go anywhere and so yeah i do agree
i think most of it is digital throughout forex or other platform pax code and a bunch of other digital forms of
gold that are pushing it up but it's it's backed one-to-one on that at that point but yeah going
back to it just can't be destroyed and so that's why i've heard a bunch of guys like stocking up
on copper gold and silver and it's it's not everybody going to like a coin store and doing
it but i think that's the idea that's causing a little bit of mania.
The uncertainty in the world has pressed it up.
It sounds fucking stupid and apocalyptic, but stupid shit makes things move sometimes.
And I think that's kind of where we're sitting on that front.
You know, long term, I do think, you know, Bitcoin is going to do very, very well.
I'm heavily invested in it.
I just think when you have these uncertain times when people are worried about wars breaking
out, this shit happens.
So, but yeah, that's just my piece on that.
And there's a tap a little bit on where we see some of the markets at today.
Like, a lot of things are down dramatically.
It's not just Bitcoin.
I mean, I've said it before in Spaces.
I held a decent amount of AVAX,
and I saw it going underneath $11 today.
There's a lot of liquidity that got fucked on 1010.
And I think it might have been you to study this on.
I don't think we're seeing the effects of how bad that was.
And I think just like a cancer in the effects of how bad that was.
And I think just like a cancer in the market and a lot of companies, big players that got destroyed
that still aren't talking about it.
So I think we have a little long world ahead of us,
but if you believe in it long-term DCA
and whoever that person was earlier
that has read their profile talking about
how Bitcoin is going to zero, I think he's off his rocker rocker but yeah people have their opinions to get attention sometimes in the space
um and good to see you mike always appreciate your perspective uh i wanted to just touch on i i heard
somebody mention quantum and this is another muppet take that i that needs to be addressed head on. Okay. If someone has the ability to do quantum,
there are so many like literally fucking 50 plus buckets that are a hundred times more impactful
and profitable than Bitcoin. And if they, it would have to be an adversary because a, it's not going
to be, it's going to require the gdp of a major country to be
able to fucking fund it and so it would have to be for some terroristic fucking pursuit and they
would hit the banking system the nuclear codes there would be so many other fucking things that
would be more stealth and more effective for them to pursue so this like completely muddled up bullshit with with quantum yes it's a it is a
potential thing long term that could be an issue like like eventually but that is still with
all the other way more useful and way more profitable and effective lanes that people with that sort of power that intend to do harm
would obviously pursue because it's the bitcoin alone is not worth the squeeze it's just not
there are way bigger fucking uh uh targets that exist so to overlook that and just be like
fucking fear-mongering quantum threat is it's the same thing that the
you know black rock uses when they fucking publish these articles with no author and it gets sent
you know share it on facebook and your grandma and fucking mom or didn't you're like what's up
with this quantum shit are we okay and they're selling all their shit and they're fucking they
get they get cucked into giving fucking BlackRock a nicer fucking entry.
This shit happens all the time.
So just be mindful of this type of shit.
And all it takes is just asking Grok
or asking fucking AI, what's the feasibility?
What's the probability of these things happening?
Justify it and be diligent with your fucking assessment.
Don't give me any fucking whimsical,
doughy-eyed thing that's bullish on Bitcoin. Give me the fucking hard facts blur uh doughy i think that's that's
bullish on bitcoin give me the fucking hard facts give it to it like that and see what it says i've
done it it's not fucking possible dude so just like be real about this shit
yeah i think people don't get that as you just pointed out if that does occur it isn't bitcoin
that's we got to worry about it's a lot of other shit
things get real dark but people just point out that one thing and think that's all it affects
you know it's just you know spreading fear and misinformation
but like that it's it sounds so like it's such a tantalizing topic right like it it sounds so
fucking serious and real when people spread this information and that i i have noticed has
definitely had a ripple effect and has permeated different conversations and different
narratives that are supported by people hosting these sorts of venues without any sort of
challenging. And that has a material effect on the individual investor that's just trying to
understand the market and make their own decisions
and maybe are a bit more reactive and emotional with how quick they are to make decisions
without looking into them with all the resources that we have to be able to verify
if something is true and the probability of its likelihood of its likely uh you know realization
yeah and with all due respect man that's why i came up i
hope easy it's okay come on up talk but you know i was punching the wall when he said that so i was
like dude i'm so sick of this shit yeah there is quantum way in the future okay worry about it then
people are making coins now that are quantum proof but this guy the other night fucking tried to tell me oh you can
rent like ibm you can rent quantum computers and hack people and i'm like get the fuck out of here
and they're stretching it they're stretching it all the way around and i'm like dude just
stop this fucking narrative bro i'm sick of it it's fear-mongering for attention it's just want to get that out
because i'm still like tensed up no correct you're right you you're correct correct and it's it's
fear-mongering because it sounds smart so it arms people with this fucking narrative that has
elements of truth and so it gives them the attention and there is verifiable credibility
that this has power to do it but it completely omits the most important context i liked when
jason williams came on easy show and said look they're going for nuclear power it's not going
for bitcoin man like he was just laughing it off too so oh man it just cracks me the jason like yeah just
chasing peter shift the other day i was laughing bro i was on the timeline that was awesome
no he went into a space man it was like they hadn't talked in seven years since they were
debating on uh cnbc or something but it was just i love how jason i just saw what jason comes in right with this
very like very kind of measured and and pat like passing a reasonable tone and then he slowly just
gets the dunk ready i just love that i love the the whole that whole rollout um of that conversation
man peter schiff you want to talk about disingenuous like uh you know to be
able to to be a like shitting on bitcoin since it's at a hundred dollars or three hundred dollars
all the way here and not acknowledge your fault like this that's the biggest weakness of a man
when they cannot even acknowledge that they may have been another guy right and that they another guy that oh I'll be sounds good right yeah he he
sounds good and he can talk boy boy he can talk and it sounds all interesting
yeah I break it down like what the hell did you just say he just said nothing
exactly yeah I really don't like that guy I mean just that simple fact that it
was at a hundred and he's still calling it to go to zero. It's, yeah, you put it really well,
it's disingenuous because all it takes
is someone with any reasonable, common fucking sense
to see that that's insane.
But it's awkward talking to him.
I've had a couple of spaces where I talked to him
and it's weird how he has his warped opinions on this,
but it doesn't seem like, I don't think he's stupid.
I think he's doing this shit on purpose. That that's the thing where where the disingenuous piece comes
in that he knows that it's getting him attention so he is fine being a shameless cunt to be able
to just get be the troll that gets the attention gets people rage baited and all that and like um
i just don't respect that because i want to have conversations with people
that speak what they actually believe and aren't just trying to generate attention and and find
the easy way to to being able to capture my share that i've always had an issue with that with him
it doesn't for the clicks even charles hodgson doesn't do that like i don't know but
oh yeah good uh good talking on the uh clarity act too i mean watching that shit uh what a mess
what a mess those guys it's a mess but there's an opportunity there right the mess is carous
is causing the fear is causing the uncertainty so i i think that um brian armstrong has been doing some amazing things on capitol hill as far as
being able to get the support of lawmakers which is not a pretty fucking process it's not a quick
process but he's done it over the past 10 years and i think that um that work that they've put in and being able to
have like especially on the coinbase especially on the on the coinbase app they have um ways where
you can donate directly to these different lawmakers that's a powerful powerful mechanism
to activate that he's created and so these ways to kind of innovate to be able to get to beat the the other side
like i will always align with the fucking tech innovators over the fucking old guard who are
just stuck in their ways because that's a that that's a diminishing returns if you're just going
to stay stagnant you know
did i break the space nah man i just i i'm out of words i was just so pissed off
that's why i came up dude i just i just got it off my chest i feel better it gets because
when i hear the smugness of motherfuckers, like what they literally are like laughing down at you
for just fucking having a belief and trying,
and they just, they try to out big brain sound you
without any substance.
He uses, oh, you're not even watching the,
you're not even watching the, dude, you don't need,
like, that's the thing.
Sometimes, man, the simplest and most defensible and fundamentally backed explanation is the the the truth because
it's not sullied by all this fucking theatrics and and big brain fucking packaging of nothing
like big brain i say that totally tongue-in-cheek
because these people get caught in these rip these fucking riddling spirals and they think that they
just fucking can just absorb all these different indices and be able to spit them out as if that
those are actual indicators to anything but the current fucking market and trade trading related
market forces not the actual fundamentals it's just annoying
excited yeah I wanted to add add to your thing earlier you guys are talking about mining gold
you can make gold they have to use one of those big colliders they accidentally made gold um but
it's not feasible right and it only came up with like nanoparticles of gold but one of those colliders actually created gold it's crazy right yo guys at the end of the day sorry i think you probably mean that
it's not economically feasible to make it like correct correct you make it but like if it costs
thousands it doesn't make sense correct but i just want to point that out so gold and bitcoin have two different
properties and and and one of the properties that gold has as gold gets more valuable as price rises
the technology can be built also to the they can create they can put they can put another 2,000 horsepower in a diesel Caterpillar motor and put a bucket
that's six feet longer to dig deeper to get more in one scoop with less fuel. They can start using satellites to where for the last 40 years that they mapped
gold out. They know where the gold is and they know this gold is worth $1 trillion,
but it would cost a trillion and a half to get it out of the ground. That was at the price of gold when gold was $2,200. Well, when it turns to $5,500 or $4,400, now there's
$2 trillion in gold in the ground because it doubled in price. And the technology grew to
the point where now they can get it out of the ground for a little less. Instead of a trillion
and a half, they can get it out of the ground for a trillion. Because the cost to do it went lower and lower.
As technology grows, the cost goes lower and lower to extract it out of the ground.
And the value of it goes higher.
Where now in Bitcoin, you have the halving every four years.
So the reward to mine the Bitcoin keeps getting cut in half and cut in half and
cut in half. This is a hell of an experiment. And I believe if you're short-sighted, and when I mean
short-sighted, like I'm even talking about three or four or five years short-sighted in Bitcoin,
I think you're missing the bigger picture. I really think the fireworks don't start until 2032. In 2032,
that happening, you finally, you get less than inflation rate of one Bitcoin a block.
You get less than one Bitcoin. It's like 0.78 of a Bitcoin per block. So it's just something
to like where you don't have to be the smartest guy in the room.
You don't have to be the nuclear science guy. You don't have to be the brain surgeon. You don't
have to be the PhD. You don't have to like, bro, some of the dumbest people make the world go
around. And I don't mean that maybe the word dumb, some like, like, like some of the
wealthiest people I've seen have, don't have a college education. Like, like get that term out
your head. Like a lot of these guys, like you have for me, and I'm, I'm about to, I'm about to
turn it back over, but, but I want you to hear me out.
I'm a dude with a high school education.
I've sold luxury services.
If you're a firefighter or a teacher, I've only worked for 50 of you over 30 years.
I work for people whose homes value is $750,000 or more.
I work for International Paper.
I work for Wes Frazier.
I work for Terex Crane.
I've worked for Caterpillar.
I've worked for Big.
I've worked for Verizon Wireless.
Not as an employee, but as a subcontractor.
So I've worked for people that have massive amounts of money that come from, that wear the suits, that come from, that have the six and seven degrees, that have letters and numbers behind their names longer than their names.
From the positions they've held and the education they got.
And what people don't realize is
a lot of them people are broke.
Somewhere about 15 to 20 years into my career,
I started going and working for people
and my perception was,
I seen that guy's TV commercial.
I just assumed that,
like, dude, I see that guy's got 75 trucks on the road.
That heat and air company, that whatever company.
And then I go and realize I'm living better than they are.
And I'm a dude with a high school education after about 20 years.
What I'm trying to tell you is, I've literally had the woman come out with the $6,000 pair of sunglasses,
I've literally had the woman come out with the $6,000 pair of sunglasses, the $9,000 purse, the $75,000 to $100,000 diamond ring, living in a $3.5 million house.
And the moment I tell her it's $5,500 right now, we don't, like, can we send you a bill?
you a bill no with you you pay the services are rendered you pay and you know it's not that they
You pay.
The services are rendered.
You pay.
didn't have the 5500 and they they just assumed that they could throw it on the fucking american
express and i said i don't take it we don't even have the machine anymore you know but but i'm okay
with it like i understand i'm to get my money. It's no
big deal. I have the power of lean only costs 90 bucks to take a lean. Like these people live off
a credit. They don't want to lean. It's no problem. So what I'm saying, and I don't even get like,
I just, Hey, no problem. Miss Smith. Um, um, just melt. Can you mail me a check? Oh yeah, sure, sure. And I've never not got paid. Four or
five days later, I get a check in the mail. But you would not believe it. Their sunglasses cost
more. Their pocketbook costs more than the bill I just gave them. They won't liquid that type of
money for whatever reason. They needed a day or two to move the funds
to another account to send me a check.
And they got $300,000 worth of cars in the garage.
Mercedes is, Hummer, not Hummers,
but like I'm being real.
Mercedes, the husband's driving some $150,000 Range Rover.
That's the world we live in.
And until you're in that world day in, day out, day in, day out for 20 some years,
20 some years you won't really comprehend what i'm saying
you won't really comprehend what I'm saying.
like it's it's it's literally it's literally the farmer
it's literally the farmer it's literally the guy that that that that has holes in his pants
the son of a bitch
says
Betty
go get easy
$8,600 in cash out the safe
I swear to God
he's screaming across the yard
go get easy his money
but it's a big misconception man Go get easy as money.
But it's a big misconception, man.
My buddy says it all the time because we do deals together.
And he says it all the time to me, easy.
We'll be in places, suit and tie.
You got to have the suit and tie.
You know what I mean?
And he says, easy.
If we could buy these people, if we could sell these people for what they think they're worth and buy them back for what they're actually worth, that's the trade of the century.
And guys, Bitcoin, Bitcoin, how do I bring this back? Okay, what I'm saying is,
is you have a lot of them people here in every industry,
not just, not just crypto. Them people are in every industry. And for me, I can walk in a room
and in five minutes I can pick them out. I can pick them out. And it's not the people you think.
A lot of times that guy pulling up on that very expensive ass car is under fucking water, bro.
He's just staying afloat.
But the perception is he's not.
So you have that.
So that's my whole thing not not just not just the the poor guy
not just the guy staying at home living off of welfare here it's it's even the it's even the guy
who who who projects the wealth is not as wealthy as you as you think they are because maybe they're worth $30, $40, $50 million.
Maybe they're worth $10, $12 million.
A lot of times you'll find out these guys that are worth $10, $12 million, they got
$15, $18 million in debt, bro.
They're actually negative $3 million.
They just lived their life robbing Peter to pay Paul.
Freedom, bro.
Freedom is in debt free.
Freedom is owing nobody nothing.
That's the freedom.
That's the freedom Bitcoin can give just the little guy,
the people like me and you.
Just the working class man, just the dude, just the average dude.
And I'm telling you, the freedom is much better than the freedom of the guy that tosses and turns, tosses and turns, tosses.
See, that's what you don't understand.
They toss and turn. they toss and turn.
They scramble.
They scramble.
You know, they owe this bank a few million.
They owe that bank $750,000.
They're tapped out on this line of credit.
They're tapped out on that line of credit.
And they're literally living high off the hog. And bro, it's not the, it's not, they're not the
smartest people in the room, but I noticed in this industry, and like I said, they're in all
industries. They're in all, man, like, and I'll say this, some of the best people to compete against in business is rich people.
You see whenever that person is used to buying a business, and if it doesn't work out, fuck it.
He moves on to something else.
But when you came from nothing, failing is not an option. And like I said, they're some of the best people to compete against,
is people that started out rich. They're some of the best people to compete against in business.
Same way here, man. It's a big misconception, man. These guys, they have a lot of education,
so they're able to speak in terms and speak in ways and they're able to gain a following here and they're able to talk when the truth is if if you could be a fly on the fucking wall, bro.
If you could be a fly on the wall.
You would.
And so I've basically been a fly on the wall because I because I was the hired help.
And listen, that shit used to piss me off at the beginning. Now you know what? I sometimes go to job sites and I'll tell people, don't even tell
these motherfuckers I'm the owner because they never dealt with me. They never even talked to
me. They talked to somebody else over the phone. And I'll tell people, you know, I can already
tell by the way this person acts. Don't tell, I'll tell everybody, don't tell them I'm the owner.
I'll just let them think I'm the hired help. And at the end of the day, when they start handing out
$25 tips to everybody, they'll hand it to me just like I'm the hired help. And I live in a nicer
house than they live in, or I'm living more comfortable than they are you see
my way of thinking has changed as i got older but yeah man we see that here a lot that goes back to
that dude that was here speaking i'm bringing it back to that dude like i i've only i don't know
him or anything this is the first time i've ever heard him speak. But I'm relating to what how he sort of how like Sikasa and Yazan and everyone was saying like like just the way he was presenting the information.
And again, I don't know him long enough to know for sure.
But but but I could hear and I could and I can understand what he was doing. But you know, that is being done,
but not in such a way, the way he was doing it. That is being done by people here with 100,000
followers, suits on, all their life, their life is in their bio as if it means something.
As if it means something.
It don't mean a damn thing, bro, when you live in a motherfucking $3 million house and you got a $2.8 million mortgage, bro.
It don't mean fuck.
And that's how I see a lot of it in crypto, bro.
And when we're in a bull,
when we're in a bull,
everyone is attracted to them like a magnet.
But soon as the shit hits the fucking fan,
all them people that were attracted to them like a magnet
just fall off, bro.
And sometimes you don't ever see them again.
They get wrecked.
They get totally wrecked.
And you know what?
Ease is still there.
It's just the hired help just trying to get by.
I'm just trying to make it, bro.
You see, I might be a little bit more humble than you think.
You see, I did the work for 30 some years to come here and talk and say the things I've said.
I can come here and do this because I can afford to.
Nobody, I don't have any mortgages anymore, but nobody's paying my mortgage, bro.
Nobody's putting food in that refrigerator and ain't a damn soul paying for my kids college.
But me.
But yeah, man, so I didn't mean to go.
I didn't mean to run you Zahn off, but but sometimes he's got you like he got to go and come back and things of that nature.
But I'm just breaking it down.
And I think I'm just breaking it down to like, even if you are highly educated, that's okay.
Because I think you can understand what I'm saying.
And then for the people that are not highly educated, I think they can understand what I'm saying.
And I think that's the reason why a lot of people come and listen
to me because I'm just being real about life. Not none of this fairy tale shit.
Not none of this shit when you hear these KOLs holding spaces and talking about if you just get
one million, you buy the top, you sell the bottom, you put it in stables and you start drawing this.
you sell the bottom, you put it in stables, and you start drawing this.
Man, shut the fuck up, bro.
What planet do you live on? I live on planet Earth.
Man, you can't bullshit a motherfucking bullshitter.
You know, but what I found out is a lot of people here actually believe it.
They actually believe it.
There's nothing. Hard work, living below your means,
making more than you spend, investing what's left over long-term is how wealth is built.
You know, sometimes, like, dude, if it takes you 60 days to figure
it out, or if it takes you six years to figure it out, that's fine. You could be here six,
seven years from now and you can figure it out. And you just, and you just, and listen,
the time is what you need. You need that time. So the sooner you figure it out, the better.
It's like compound interest. You start better it's like compound interest you start your compound
interest at 18 or you start your compound interest at 30 bro it's time and it's the same way so if
you fuck around and and you want to sit there and chase everything that launches on pump fun
you're you're gonna be fucked because that's a lie. There is no place to put your $1,500 and
get your life-changing money. It's a lie. It's a lie. And as long as you believe that lie,
you're going to keep getting what you're getting. Again, it's it's a it's about living below your means
making trying to make more money than and spending less than what you make
and crypto bitcoin is uh bitcoin is something instead of it taking 35 years, 40 years to do,
what it took our parents or some of y'all's grandparents,
I can say my parents and you can say your grandparents,
like if you're young, the thing of it is,
it can be done instead of 35, 40 years,
it could be done in 8 to 10 to 12 years here.
And if you fuck off your first six years here, that's fine. That's your learning curve.
But the people that pick up on it and you don't fuck off but one year,
you're going to get it quicker than that guy that fucks off for six years.
So like if you want to sit in the room and just buy every little ticker that goes up in the nest and believe in all that bullshit.
And like, listen, you could do it if you do it.
Like even if you're doing it proportionally.
if you're doing it proportionally
if you're spending 99% of your time
buying Bitcoin, Ethereum
real assets
land
whatever, take some of your money
investing it in a business
and working that business
I'm talking about everything
even outside of Bitcoin
I mean outside of digital assets.
But to equate pump fund, to equate what's the next ticker is no different than going to the 7-Eleven and buying scratch off tickets.
And the sooner you figure out that you're not going to get rich buying scratch off tickets, you're not going to get rich buying scratch-off tickets. You're not going to get rich living in the casino.
The quicker you get to facing reality,
which is you live below your means.
You make more than you spend.
You invest the leftover, and it compounds over life.
And then you can sit around and do whatever the fuck you want to.
But yeah, so I just cooking.
What's going on?
Correct.
I see.
We got we still got correct here.
We got Cicasa.
We got light.
Ain't heard from light in a minute.
And then we got.
I'm just going gonna say eventually you're
gonna see the gold top the bitcoin bottom and then you're gonna see a massive rotations between the
two like you know eventually so so say that again what i did is uh after I went on that long rant or whatever you want to not rant but long monologue
I uh, I was looking at email
Say that again because I heard it but it went in one ear not the other what were you saying?
No, what i'm saying is like we're seeing a lot of fomo in right now into the gold and silver
And less trust into the Bitcoin.
Like that's why like and also like a lot of news like right like Iran and all of that.
But eventually gold will top and then the Bitcoin will bottom and then you're going to see massive rotations where money will just move from gold and silver back to the Bitcoin.
Bitcoin. Hey, man, that's simple. That's simple. That's simple. And I'll just add to that very
simple statement there. And I love it. You buy low. Like, I'm not going to break it down and
just say, oh, like you're a trader, buy low, sell high. No, I mean like the that's what sets the very few apart bro like do you realize
in the 2000 the 2008 stock market crash the 2008 home market crash everybody wasn't getting rich
95 of everyone was frozen they didn't do it It was a small few that bought in that red.
Like you buy the fear and greed.
It's easier said than done.
So when you have these pullbacks and you have these bearish cycles is when you buy.
FOMO is a drug that will keep you poor. So you buy somebody else's fear. So I
like what you're saying. Hey, listen, it's okay to say, hey, I missed the gold trade. But what
you see is the majority of probably an 80-20 rule, 80% of the people go by the tops.
Why wasn't you buying silver at $33 and $23 and $18?
Why did you just wait until it hit 100 to start going and buying it?
Trade, you're on the wrong side of the trade the moment you stop
and you start making that one smart decision where you buy something and you and you buy it
when no one else is buying it when the fear is there and and you do your research that doesn't
mean you'll win on every investment. What starts happening is over time,
you start winning way more than you lose. You win way more than you lose. And you get that vision.
When you say, man, I ain't fucking buying no house in that rat infested fucking neighborhood there.
When you turn down the road, all the fucking graffiti and the motherfuckers standing around the goddamn store over there and everything bro you see a vision you see a vision
you see you see six miles up the road they're building high-end shopping centers and and people
are paying six hundred and forty thousand dollars for a fifteen fucking square foot of fucking uh
fifteen hundred square foot of fucking apartment above a fucking, uh, to live
above a shopping center and like a little town shopping center. And then you realize that that
fucking rat and fest at place in a few more years, it's going to, they're going to grow that city
out to there and you make money. The opportunity to your point, it lies in that monotony it lies in that like seemingly or topically unappealing
uh cloak and that is like that's that is how value is made and realized and like that that is
like such a it seems so obvious but but when you actually think about putting it into action it's
so much more uncomfortable that conceptually it makes sense but when you actually think about putting it into action it's so much more
uncomfortable that conceptually it makes sense but when you actually have to pull the trigger
and put your your hard-earned money um behind something that is like a uncertain and b like
doesn't seem appealing or like like that is a that is the test and that's to your point about
the 80 20 that that is like definitely aligned with that 20%.
Okay. And you know what I found out C-Casa? Cause I've been on the, I've been on the 80% of the time too. So, so like what I'm saying is I've made the mistake. So, so, okay. So then I made the
same mistake. Then I said, okay, so how do I really learn? So what it was, is it what it was
for me? This was for me. I had to program myself. So what I had to do is when I had to identify that
feeling and then do something different. So it would be like if you were always in trouble in
life, if somebody pissed you off, your reaction was to punch them and you always kept gotten in
trouble. Eventually what happens is people still piss you off. What you end up doing is you just
do something different. That next time you just don't punch them, you walk away. And the more you, then you'll eventually, just like the more you punch them, the more you keep into that behavior.
So the more you sell the fear and buy the greed, so like you still feel the same way.
same way. You just program yourself to do different. And here's another thing what I did.
You just program yourself to do different.
And here's another thing what I did.
So what I did was during them fear moments, like it could be something small, bro. I don't care if
you're working with millions here and you could keep buying, chasing tops and selling bottoms and
losing a hundred K here, 200 K here, 50 K here, and then making 60 back and then losing 40.
Like it's, it's, it's, it's actually doing the process. I don't give a fuck if you do it with making 60 back and then losing 40.
It's actually doing the process.
I don't give a fuck if you do it with a hundred bucks.
Actually stop buying.
You see, because what happens is, you get me?
What you just said is the most potent fucking substance of it all. And that's why i said i'm never buying another meme coin
right because when you when you it's not that you can't catch a hundred k a hundred k fucking flip
overnight or that goes to you know multiple hundred mils it's the framework that you operate in if you
are so quick to to, deploy, deploy.
Yeah, you'll catch that lick.
That's the character they give you.
The dangle to fucking get you in to that mindset.
But if you don't have a fucking honed approach.
Like a martial artist with how you approach investing.
You will fall victim to impulsively jumping into something.
And giving away all the stuff you made in that nice lick
and that is the that is the thing where people are like oh you're like you know we're printing
over here we're printing like yeah you are but you guys are quiet or gone because most of those
motherfuckers are gone right now or just in the background because they were so vocal when they
hit that fucking lick but then when they jumped into fucking theranos and whatever other stupid fucking thing that had no no defensible thesis no
significant differentiator nothing they got fucking wrecked they got wrecked by the seafood
extended motherfuckers that understand this shit and understand how to manipulate people psychologically and uh and
like that what you just said is so it's such a like a useful nugget of wisdom that you really
only learn by taking a fucking proper beating on a few of these things or more before you're like
dude it's not it's not it's it's bigger than oh, this was a bad move. No, it's the, it's the discipline and the, the approach that you give yourself as an
infrastructure, as a trader or an investor to be able to not fall victim to these fucking,
um, very alluring, high fucking, uh, return overnight opportunities
that just pop out of nowhere.
Like this, I think that people only connect the one plus one
and they don't see how, yeah, they got in with the one plus one,
but then at fucking number seven,
the house took it all back and more.
And that's the fucking huge thing
that people need to be able to connect on a sequential, you know, from a sequential standpoint.
Yeah, I see.
Correct's got his hand up.
Are you – do you – are you trying to – go ahead.
Yeah, I was trying to be patient.
now like i think you said it earlier like perfect um like i've been in on job sites where people had
No, like I think you said it earlier, like perfect.
3.5 million dollar house five million dollar house three hundred thousand dollar car no furniture
inside don't want to pay you it's a it's a front you know it's a curb appeal to make them look
like they have that kind of money when you said fly on the wall, that's your space, bro.
Just sitting here being a fly on the wall.
Listen, you guys, man.
It's worth more than that.
You know what I'm saying?
So thank you, bro.
Appreciate it.
Man, you're welcome.
You're welcome.
And like, see, Casa was cooking there like and and and
and like you will be surprised because what happens is whatever that number is that that
that doesn't make a fuck to you um it's your first step to do the opposite to change that
to change that way of buying tops and selling bottoms.
Because there's a fear.
The reason why you're selling the bottom is because there's a fear.
The reason why you're buying the tops is because there's a FOMO.
Now, again, listen to me very carefully.
Next time you feel that FOMO, again, just sell $50.
I don't give a shit if you got $50,000 in the coin.
Just sell $50 when you fill that FOMO.
You'll program yourself to do the opposite, to do it.
Just sell $50.
To that point, how hard is it, right, when you're in that moment you're like okay i'm gonna sell this
50 and then it starts going higher you're like fuck am i all right maybe just let me let me wait
till it hits another fucking you know what i mean we do these little very subtle last minute
extensions psychologically that are that are the fucking the dagger that creeps up on us and so
as you and that's why i i, it's like a martial art because
it requires putting in the reps. And so if you, from what you just said, the $50 is such a,
that's such a useful starting point because it's not going to take away your fucking potential
gains, but what it will do is it's going to change the way that you benefit if it doesn't go well.
And you're, you notice, Hey, I still got that fucking profit that I took there
that I wouldn't have taken before.
It's incremental, meticulous, repetitive discipline
that gets you to be able to kind of rewire our primal instincts
to sell red and buy green.
It's way easier said than done.
Dude, that's awesome. You said martial arts. It is fucking jujitsu, green. It's way easier said than done. Dude, that's awesome.
You said martial arts.
It is fucking jujitsu, dude.
It is, you know, defense, not fucking offense.
Yeah.
Nailed it, bro.
And it's them reps, like CKAS is saying.
It's the reps of doing it more than once over time.
And then what happens is you do.
You quit buying the FOMO and you start buying the
red. And what I'm here to tell you is after all these years, the feeling doesn't change. I still feel fear.
The actions behind me of what I do has changed.
Again, take it right back to the analogy.
Somebody pisses you off and you always punch them.
And you keep doing it.
That's the reputation.
That's the reaction you're going to give.
But you're always going to get pissed off.
So it's about changing the way you react to the situation. The same way within investing.
The same way with hitting that buy and sell button.
It's about changing that reaction.
So it's not about, oh, I'm perfect now because I no longer get mad.
No, it's just that you no longer react the same way you used to react.
You no longer react by selling the red and buying the green.
When you think about growth, just from a physics standpoint, when you think about growth, it requires friction.
It requires going against a gravitational weight, right?
No matter what it is, if it's putting in or building a company that doesn't give you something overnight but generates value eventually,
building a company that doesn't give you something overnight, but generates value eventually,
or it's anything that requires actual repetition, diligence over time. That always has sacrificed
discomfort. Like the second you're comfy, the second you're complacent, you are stagnant and
you are in a fucking, uh, you know, plateau or inevitable decline decline so like to notice where those friction points are
and where the discomfort lies and to lean into that um it is the is the pursuit i think that
that helps you uh surmount that that headwind and that that gravity
um that headwind and that, that gravity.
100%. I see. We still got some, we still got a pretty decent room.
We got some big brains in the room. The, uh, the speaker panel has, uh, like sort of switched up a little bit,
which is good, which is really good.
It keeps the conversation going, keeps different topics.
So I'd encourage anyone that wants to come up and speak, come on up.
We'll keep the space going a little bit.
Um, you know, uh, you know, I just want to say like, you know, thank you.
You guys hit a lot of good points, man.
Yeah.
A lot of good points.
Like I said, a fly, like you said, fly on the wall.
These guys in here, listen, you know, you might have erased two years of sitting there
you know if they just um put what you guys said into action right that's coming from people that
have had to experience pain like if it if if those like insights whether or not they're true
i feel like they are consistent.
And it seems to be like a very like shared resolve that people that have gone through it have, you know, articulated, you know, today.
And just in general, when you listen to people that have been through it, to be able to save yourself.
Like I wish we had these resources two cycles ago of spaces um in in the same capacity I would have
saved myself a lot of pain and a lot of fucking mistakes and like the fact that we have this
obviously people need to assess if the people they're listening to are aligned with how they
are approaching their own investing because every there's there's all different types of way that
people attack the market and there's all different types of timelines but man like this is a that's why i just love when
um like easy i was saying you open up a space it's bloody out but to have a place to tap into
and be able to just kind of ride that bloody wave of carnage until it inevitably shifts back to positive
is a useful hack to like this kind of spiral that we can send ourselves into if we're just
stuck looking at charts and looking at that red continue to go. Like, it's powerful.
It is. It is. And let me tell you another thing that's powerful in that.
When we, okay, when I'm open-minded, when I'm willing to listen to people that have a different point of view than me, what happens is we end up building a space of people that have all different experiences in crypto and investing in different backgrounds.
And it's just like you said.
OK, so when you just said, I wish two cycles ago we had these kind of things.
I thought back where I was at two cycles ago, two cycles ago.
I was in a private discord.
With 35 to 40 other people at the time and Sifu run it. And we talked day in,
day out for four or five hours like we do today. And that's the thing. That's where my experience
comes from. You see, that's where, and that's where, and listen, what I realize is, is in order for me to get people like that around me and for the audience and for us all to grow, like I have to also listen to, and I see you do it pretty good.
You do it pretty good, CECOS, especially like, you remember a couple of weeks ago when we were driving, when I was driving and I was like, man, let's do a space and everything that night. You did it very good. That guy come up
but you
trolled back a little bit or whatever
but you really just didn't lose your
cool and say, let's boot his ass
out of here or whatever.
You know what I mean? Where I would normally
have done that.
But that
was a great space that night.
What I'm saying is through...
Now, listen, there's some people you do have to boot and there's some people you do have to ignore.
You will hijack a conversation and had 30 people leave that would have benefited from hanging around longer.
Yes, yes, that's right. That's right. So there's a balance to it. Just because someone has a different point of view than me, it actually is where we end up learning.
Which I'm trying to do better with it.
Because listen, the other thing is I know where we're at in the cycle.
I understand where we're at somewhat of the market cycle we're in.
And we will be back to them days. Like, what I always have said over the years is like,
oh man, I wonder if we'll ever go back to them good times again, blah, blah, blah. And what
happens is 18, 28, 30 months later, the times are even better than they were before. But for that dark time,
it seems like you'll never see the light again, right? And I've learned that with here in crypto.
Like, we still probably sound crazy to the average person as we're sitting around. They're like, oh my God, Bitcoin went from 126,000
to eight. We're about to hit what? 83 right now or something. Yeah. So, so no, we're at $84,000.
So we're about to bust below 84. Okay. Now most people would be like, like, what are they doing?
But you see, we like, but then most people come in when, when, when Bitcoin, when we
were here, when Bitcoin was sick, like I can go all the way back to like in another six,
seven days, I'd be here 12 years.
I'd be here 12 years.
My first Bitcoin purchase was under 500 bucks.
It was like 480 bucks, $470 was my first purchase. So again,
but I'm just want to, like, I'm not bragging or anything. What I'm trying to say is,
because I don't want people to be confused, but a lot of us in this room were here together
when Bitcoin was 15, 16, 17,000. we were having these same conversations and people would have been like,
man, they're idiots. It was $70,000, uh, 12 months prior, 11, 14 months prior, it was 70 grand.
And guess what? So we were here when the majority, so we watched it go from the 15K to 126K.
And if y'all think about it, a lot of people come in from that 80, 90, 100,
especially after the break of 100.
They came in then, right?
They came in at 100.
So they were saying we were crazy at 15, but they came in at 100.
And it's going to be no different this cycle. Same same way now We've been here. We're here. Yeah
It's crazy man. Like all my boys when it went um 100
110 went back to 100. They're all crying
Like what the fuck are you doing?
Like you've been through as many cycles as I have we what are you doing? You've been through as many cycles as I have.
What are you doing?
But they didn't want to hear that. They just wanted
to bitch and cry. And you're probably right,
dude. I'll probably do it again.
I'll probably do it again.
Yeah, I see we got
Minty. Hey, Minty, how you doing? Long time
no see. Yes, I'm good.
Easy. What's up? What's up?
Hey, C.Casa and panel.
I just wanted to pop up real quick. I really love that you mentioned earlier, way back, as far as, you know, not allowing your clients to know your role in the same manner with my businesses, the work that I do. No signature title, you know, with what I do.
In fact, I just hired a new assistant who started with me this week.
He had no idea that I was the owner and that he's going to be my right hand.
So, you know, as far as getting like the tips right, as far as just just being involved in your business and what you do.
You know, clients, it's interesting, right? I am in full belief, the people that work with me,
we are shoulder to shoulder. No one's more important than the other. So I like to tap in too
and just see how those clients are treating my staff by them thinking that I'm one of the staff
members. So I wanted to mention that. And I think it's interesting even here in CT. I mean,
I sit in spaces, I listen into a various of various characters here. And just recently,
some dude was going on about like, hey, guys, I'm very important here. If people knew IRL that I was here, it would
compromise my work, everything that I do. And that shit is hilarious to me because honestly,
no one gives a fuck. First of all, secondly, why, why do you have to try and make yourself
appear that you're elevated above everyone else? So anyways, just coming up here, taking a little
lunch break, wanted to say what's up and just let you know I operate in the same manner as far as being
confidential in who I am within my own companies.
Hey, you know what? So, and also I think too, and I didn't really think about that as far as when you do that, you can see how your clients actually treat your employees.
There is something.
I think there's a.
Hey, I'm sorry.
Can you hear me now?
I broke up, I think.
Yeah.
OK, so there is another thing.
And I know once you mentioned the word, it doesn't count.
But there is another thing that keeps me grounded when I do that.
It keeps me humble.
It keeps me humble.
You know, because I'm not trying to deceive the customer.
It's just that it just doesn't need to be said in certain scenarios.
And then when it does need to be said, like, I'm not going to.
So so I'm not like going to do that to shift blame.
Right. Because at the end of the day, the buck stops with me.
Because at the end of the day, the buck stops with me.
Again, if someone breaks something or whatever, it's on me to make it right.
If something doesn't go right, it's on me to make it right, and I will step up.
I wouldn't cower down to try to wiggle my way out of it as if I was just an employee.
Okay, that would be times that I do need to step up and say, okay, Hey, this is who I am. And here I'm here to make it right, whatever,
you know, that's my, it's on me. It's my responsibility. But in another sense, it's like
to make you humble. And it's like, I had a friend of mine that I'd never really done that. And I had
a friend of mine, we used to go down to South
Carolina, probably like two or three times a month. And we would go down to the, we'd go to
Little River and we'd go down there and gamble for like four hours, four or five hours. The boat
goes out to international waters, Little River, North Carolina. I'm at Little River, South Carolina.
And we would run down there. It's about 55 minute drive from my front door. Like one hour,
we're in the VIP parking lot, right? But along the way, we'd have to go through Brunswick County
and he'd be like, well, we're going to leave about an hour earlier. And I'm like, why are we
going to do that? Because he would go down and look at properties that he owns and we'd walk
these properties or do things. And he would tell me, say, yeah, don't tell nobody I'm the owner, right?
And I said, well, who do they think you are, right?
And he said, well, they think.
Now, he was a trip.
He said, well, they think I'm the maintenance man.
And I'm like, bro, these people don't think you're no fucking maintenance man.
Because you got to remember, right?
got maybe, you know, a pair of, you know, $350 penny loafers on, you know, he's, you know, got
a, you know, $190 pair of silk pants on, you know, a $250, you know, button up shirt. I'm like, bro,
because, you know, come on, man, the maintenance man don't be. I was like, bro, you got to think of a different.
You got to think of something different to say than maintenance man.
He's like, man, I don't want these motherfuckers calling me.
Which is funny.
That's hilarious.
Yeah, you know, it's also about understanding your business operations, too. Right.
You know, it's also about understanding your business operations, too, right?
What better way? Some people don't want to get down in the dirt with what they need to do to be successful.
What better way?
Right. You want to run lean. You want to have great fucking people, small but mighty to just, you know, get over various finish lines.
And that's what's important. So it's not, you know, about broadcasting it. It's about doing it.
That's the truth.
And, and easy, I want to say one more thing.
I'm not trying to pull, I'm not trying to pull the coochie card here, but also,
you know, sometimes I make it appear that, you know, my male staff,
that they're, they're more so the leader than I am for particular things.
It's just real.
It's just business, and it just depends on the client.
So I've learned to navigate those waters as well.
I know exactly where you're coming from.
I know exactly what you're saying.
I understand. See, I understand that. You know exactly what you're saying. Like, I understand.
See, I understand that. And there's nothing, you know what I mean? And that's, you know what that
is? That's called good business. That's being a smart business woman. See, some people would look
at that like, oh man, no, uh, you, she can't do that. Cause then she's gonna, she's, she's being
inferior to no, no, actually. Thank you. Thank you, EZ. And I'm never offended
by those circumstances, right? Everyone has, there's different cultures, different backgrounds.
It just is what it is. So you should not be sensitive to those things. Sometimes it's even
just the, the various generations, right? It's generational. There's pockets, you know,
pockets of different cultures.
And I don't take that personal. You know, the only time is if some, you know, if a motherfucker
swings on me directly and then, you know, gloves, you know what I mean? The gloves are put on. But
other than that, like, I don't take that shit personal. You know, some of it's hilarious.
Some of it's not, but you know, at the end of the day, when you're in those circumstances,
Some of it's not, but you know, at the end of the day, when you're in those circumstances,
it's about business.
100%.
And just to let people know, like, so like I'm telling you, like, so I'm putting my money
where my mouth was and you can look like, I think it was about four days ago, five days
ago, four days ago, I created the one-sided liquidity pool with $9,600.
That pool did not start buying until $15 ago. So ETH is now $2,784. I set it to where
the price had to drop to $2,800. I think it was really like $2,802 because for some reason,
you couldn't get the exact number. If you created a pool, you'll understand what I'm saying.
It like adjusts it just a hair. But anyway, so again, again, this is how, like, why create the pool if I wasn't psychologically ready for Ethereum to drop below $2,800?
You see, as of right now, I am purchasing.
I am being routed to my pool.
I am being routed to my pool.
Okay, now, okay, in that same wallet, I was holding about $15,000.
I didn't sell them at $3,100 to try to buy them back lower.
You see, I'm trying to accumulate more Ethereum back in that wallet.
Right? And I'm okay.
Listen, and the other day, we got down there.
We got down there to where we're at right now.
And then it went all the way back up to, like I said, let's say $3,040.
I just left the position there.
You see, I want to let that position get filled.
And then when that position is maybe, see, that doesn't mean I'm going to wait for it to hit the $2,500 mark.
But maybe when 80%, 75% of that position is filled in that V3 pool that I'm in, one-sided,
when I only have 25% left of USDC and 75% of its ETH, I might pull the pool right there
and then take that 25% and just spot buy, right? Because it's not that I'm predicting
a $2,500 ETH. It's just I want the average between $2,800 and $2,500. See, I'm looking
for the average price.
You see, as it's dropping lower, I'm losing less and less money because it's dollar cost average buy-in for me.
And it's going to split that $9,600 in between the range of...
Let me hit this because I've got to hit it to where...
Okay, so it's going to buy it between $2,807 down to $2,489.
And the mark price is $2,785 right now in my Uniswap pool.
in my Uniswap pool.
But so I am
I am
dollar cost averaging.
And listen, it was
like used to when I would do this.
Dude, it would hit my pool
and then bounce out of my pool.
Like I would have pulled my pool
and started buying all the Ethereum
at the $3,000 mark.
But instead, I'm just being patient, man.
I'm just being patient.
And I had to be patient.
Because I set this pool up.
I don't know.
What, like the 25th or 26th?
The 25th? Yeah, the 25th or 26th? The 25th?
Yeah, the 25th.
So yeah, oh, it's only been set up for four days.
But it went down to my pool.
What I'm saying is that same day,
I was getting filled in the orders and then I didn't.
But again, see, that was the,
like for me, that's the growth for me, is to be patient.
Is to be patient.
You know?
But now is the time to be patient.
Now is the time to find your convictions.
time to find your convictions and at certain price points, whatever your price points,
it's not about easy price points. It's about what you're comfortable with is, is, is you buy a
little bit. This is DCA. And you know, I'm not telling you
what price we're going
to, because when
spaces get nothing but, oh,
the price will never go below this,
oh, the MACD says,
okay, now,
that is good information
for day traders and traders.
And some people are good at it.
Like
Blue Collar.
He doesn't say
he wins every time.
But he's a trader.
He takes these trades.
Like Yagami.
He takes these trades.
They take these trades.
For me,
I'm just really
I understand. I understand later
in this year, beginning of next year, sometime prices are going to be way higher than they
are today. Okay. Uh, like, like, like I'm doing something different than what I'm going to what than what I did 12 years ago.
Right. I'm going to do something different than what I did with ICOs.
I bought ICOs high and sold ICOs low.
Like, see, I've already learned from them mistakes.
See, I've already learned from them mistakes.
You see, crypto is so volatile, I believe, with the ups and downs, that the majority of people get shook out.
They get shook the fuck out.
And here's another bad part, and it used to be that way in investing.
Not so much, like I'm not just saying Bitcoin or crypto.
I'm just talking about investing in my experience in investing.
Is not having the money, not having the money.
Not having the money.
Like you see one man gets to hold his position.
Another man's got to slowly sell it to pay his light bill.
Or whatever.
And so that's another thing is to have the money to pay your bills and to be able to live your life because you can't count.
Like I can't, even if I'm wrong about the end of this year and, or the beginning of next year,
like, like, like there's a one year time horizon there. What if I'm wrong by a year? There's a one-year time horizon there. What if I'm wrong by a year? What if it's two
years? Well, today, I have to have the plan in place to where it's fine. Everything will be fine
even if I'm wrong by a year. These are just good, solid strategies that over a long period of time you win at.
And when you start thinking like that, you get into the longer time frame and you start realizing how ridiculous it is to to just go chase these like just to to do what they're talking about, trenching.
And if your only skill set is to trench, well, there's a time trenching doesn't pay off.
That's why it's called a market, because there's ups, downs, sideways, different metas, different
things. And another thing, when you go with
this long-term mindset, you start getting good at like realizing, oh, there's a meta here,
getting in the meta and getting out of the meta at, um, you know, like,
You know, like.
Like identifying that, hey, you have this time, like there's at some point in the cycle, you know, you the market cycle at some point in the market cycle, it's like, okay, you could put 50 cryptocurrencies, write them down on a
piece of paper, tape them to the wall, take five darts, throw at them, and you'd probably make
money. So identifying that, hey, that's the time of the cycle. That's where you're at in the cycle.
And there's an opportunity to make a lot of money.
But not always staying in that mindset and then losing everything you got back
over the next two years, chasing something that's no longer here anymore.
One, it's always going to keep your mindset of chasing something and you'll never have the clarity to see the next
new meta and the next new timing and take advantage of that opportunity when you see it here.
So these are things that I'm doing here and these are the reasons why I'm staying connected here.
Because it's through y'all people and listening to y'all and reading the timeline and seeing the news
and taking my past life experiences in crypto and markets and things like that.
And then, you know, changing, uh, doing something different with the new
data that's given to me. And listen, when the markets are going up and up and up and people
are making money hand over fist, you, the people will come in and say that you can't do it. Them,
them guys, easy's just lucky or they're on the inside.
And I understand their argument, but this is here where I'm telling you that argument's not true.
It's not.
Yeah, is there some luck to it?
Of course.
There's some luck to anything.
You get in your car and you drive
down the road, you got somewhat lucky somebody didn't run into you too. But what they're
undermining, what they're not telling you is the thousands of hours and the years that you spent
honing that skill and developing that skill. And part of that skill is is in these spaces part of developing
that skill not the whole part but it's into these spaces networking learning from people listening
to people yeah the drama and shit passes time and it's fun to troll and everything
but like really really like when these big brains come up and speak, like Cikasa, like Yazan, like, you know, Jason, like Blue, like, okay.
And then when people that you don't know as well come up and speak, you can listen and learn from them, too.
you can listen and learn from them too. And so, and it's so, and then, and this other thing,
like, and there's some people here that just assume, okay, you're only here to mooch off
your audience or to sell something to your audience. And, and, and, you know,
to sell something to your audience. And, and, and, you know, um, it's just not true. You, you,
you find where is anything being thrown in the nest for months, for years? Where have I thrown
something in the nest just over the last year or two? Where have you seen it? You haven't.
You haven't.
You haven't.
So, but now, have I done that?
Yes.
See, and that's when I'm being,
that's when I'm being simple-minded
and not looking at the bigger picture.
The bigger picture is networking here,
being patient and learning
and capitalizing when the time is right.
You can't force someone else to do something.
You just have to do it yourself.
And by me talking about it, it gets other people talking about it.
And then I learn.
So I see CKASA might be dropping down.
Let's do this.
I'm going to keep the space open for like another 20 minutes.
And then I'm going for a run.
I'm going for a run.
Man, we about to get some cold weather.
Like, it's cold as shit now.
But I don't know if y'all seen it, but the East Coast of North Carolina and some other, uh, even a little bit farther down South and,
and all the way up to hell. I don't know, New York. I believe we about to get hit this weekend,
uh, with some snow. It's coming from the opposite direction. Now it's coming from,
uh, the Atlantic ocean coming in. So they're predicting as much as an inch in my area. Again,
we got nothing this last nothing this last go around.
I got nothing, but I think we're going to probably get it this weekend or Sunday, Monday, something like that.
So I definitely want to get out and get me some cardio in.
I've done got addicted to it now. Oh, I, oh, by the way, I traded my,
it's funny. It's funny. Cause you know, this time of year, like, I don't mind saying it.
I don't mind saying it, you know, this for probably shit, probably since 2012, bro,
probably since 2012, bro. This time of year, I would buy anywhere from seven to,
man, man, if I be honest, probably 10 to 15 gallons of moonshine of liquor.
This time of year, it's prevalent. I know, I know. I traded that this year for Starbucks coffee.
I was thinking about it last night. I was drinking a Starbucks coffee last night. I was like, man,
you know, I would normally be sitting here drinking. And for people that know me the last
few years, they'll tell you easy's not lying. Easy would go. I would go through them spells
where I drink corn liquor.
I'd buy five or six gallons of corn liquor and put it in my garage.
And a month later, when that five gallons is gone, I'd buy another five or ten gallons.
I'd drink the fuck out of it, man.
But it wasn't healthy, but I've traded it for Starbucks.
But yeah.
Hey, Sikasa, he's back.
Okay.
Go ahead, buddy.
Can you hear me?
Sikasa.
It's showing that you're back as a speaker, but your speaker is off like your your your things off.
You got your hand up. Oh, let me hit. Hold on.
Yes. Yes. My shit was bugging. Sorry. Did you hear what I said before? I know you must have been talking and got and you must have been talking
and got cut off because once you quit talking i just started talking so oh shit okay what i was
what i was saying is that um watching kind of it all play out right and what you were talking about
before about the network and and just you were very you were very much when this all started, kind of every man for himself guarded,
understandably so, because of kind of how you got to the place that you were at.
And I think that that required the time to play out, to be able to assess.
And there's a mutually beneficial alignment that can be achieved with people that have different vantage points.
But there always does need to be that guarded reservation that there are very conniving and charming people here that are disingenuous.
that are disingenuous and i think that like having watched different chapters of what you've been
doing out here it feels like you found that like a different um resolve in the way that you were
kind of doing it i think like you you're like there's a lot of things you've said like i'm i
overly see see the best in people and it's definitely been at my own expense. It's been an Achilles heel because I just want people that show up to be able to benefit from, from crypto at large. Right. And, but that there's, there's definitely, there's definitely factors at play there that have, you know, you end up letting people into the mix that are just self-serving and at any cost.
And it has a negative net impact. So there is a, there's a sweet spot there,
but I think from like the community thing,
even though it got like completely bastardized as a word and,
and also has a lot of hollow implications as far as like how people just use it
so recklesslylessly there is a
command these are revealed during the red times they're revealed during days like this where we
can show up and we can benefit from a shared um like passion for what the the potential is here
the untapped innovation the the innovation in motion that we're witnessing and the freedom
that comes with being able to operate on chain. So I think like it's been just from, from my
perspective, it's been cool to watch that progression happen. And there's no, there's
no way that that could have been, um, artificially sped up. Time is just required sometimes. It's just a bitter fucking reality
that people, I think,
try to will into not being true,
but is unavoidable
if you're actually trying
to uncover real staying power.
You see that.
You hit it on the head.
And because I've looked in the mirror
and seen the change in myself the mirror and seen a seen the
change in myself the same way and being more open-minded and and really yeah you're exactly
right and you know what i think it come from my previous experience why i was call it closed-minded
or bitter to it or or resentful to it and, yeah, it's been a 360 for me.
Uh, but again, um, you have the, you have the guardrails to not 360 with like doughy eyes,
just like trust in everything that comes your way, which is also useful. Like there,
there's that there's a sweet spot of it all, you know?
there's a sweet spot of it all, you know?
Yeah, well, I guess, yes, that's right.
And you know what?
And I learned.
So it was like, instead of just going from the pendulum
way to one side, way to the other side,
I've got to balance somewhere in the middle.
Balance somewhere in the middle.
I see a lot of benefit
from community.
That's what I was going to say too,
too easy.
I used to come in here and troll you or Jason
or I had fun.
But you changed, bro.
Like what Saka said,
we need a spot like this.
And what she was saying earlier about communication um doesn't matter if you're female male transgender whatever you are
um communication is key dude like you figure 65 or more divorces a year, 90% of businesses fail because of lack of communication.
And you actually fucking nailed
the communication part.
You just got to follow through, bro.
I think you're on a roll.
Communication is key, dude.
Without communication,
life sucks.
You got to communicate.
And I think you have that right now.
And I think you need to roll for that
yeah i appreciate it uh i don't know i think my mic was fucked up but i'm also at work but yeah
easy really appreciate uh the knowledge and uh you know the shit that you drop is all true
the same thing's cussing but everyone that's been talking um shit what the fuck i had something uh you mentioned something
about the lps and we're talking about autonomy and you know owning your shit and what this is
all about here right and why we're all still here is because we you know the ethos of it all you
know like what what the fuck we're doing here trying to and it goes back to the guy in the
fucking beginning that was like trying to fuckingail the talking about finances and you know everyone's always convoluting what what what
flip though is or the blockchain technology what we're doing here with all this financial market
old trad world that all these rails all this blockchain all this shit was built to escape from you know and it's
like you so back to the lps you're talking about lps you know and like decentralized exchanges or
you know peer-to-peer right and somewhere along the way it got real convoluted or you know the
swarm of the hive went towards the the
centralized exchanges you know and everyone's doing you know no one's owning their shit anymore
it's like it's you're talking about compounding what what better way to to you even have to start
an lp you know a pool you could just add to some and that just pays you you just get
fees in and that just compounds you let it sit you can whatever simple stuff everyone's always
worried about trading in this but you know i think that's something big is like i don't know
knowledge communication like i said really we lost like from when I got into crypto, who brought me into crypto, a lot of the things, the knowledge or whatever, it wasn't me being onboarded.
You know, he was, he was already off Fiat.
He's from, you know, like early days.
The things he was teaching me was all the downfalls, the pitfalls, the scammers, the worst things possible that can happen in this kind of environment, opening up a parallel financial thing to this monster, this megalith that runs the fucking world, right?
And all the fucking dangers about it
nothing about money it was never about the money of course this is what it is how it's just it's a
tool but it was always about the dangers and how it always like and if you if some shit's bad of
course it's gonna happen it you know it's always like the wild west this is the wild west of whatever people
are saying that they don't really say it anymore but you know once you see something you root it
the out once there's a poison or once once there's something rotting away or trying to take away from
what we're building here with everyone that stayed through all the bullshit all the downs the cycles
it needs to be rooted out instantly taken
out and i don't know what if that's just the social aspect of shit kind of fucking it up
or what but or not calling people out i don't know but uh yeah i appreciate you easy thanks for uh
letting me uh yeah man chill for a bit yeah you're you're welcome. You're welcome. And I was listening to what you're
saying and everything. And, you know, just going back to that first guy, going back to that guy,
like being open-minded to be able to listen is one mindset. Then there's another. And so for me,
that's an improvement, right? Like I'm just improving just by listening or just by willing to let someone know, even if I don't agree with their opinion, as long as they're, you know, being reasonable, long as they're, you know, long as they're not like, like hurting someone or being malicious.
or being malicious. Okay. Listen, for me, it's about just being open-minded to give them a place
to speak and listen now. But on the other hand, I'll just go on and tell you like, really, I don't
care what he says. The random dude coming up on the internet or the dude coming up here telling
me something, I didn't get me. I'm 50 years old. It did not get me where i'm at today so like like just because like
so because i have the conviction this dude is not actually because he said uh i'm here to uh
mark this space or something like that because i'm here to tell you oh yeah he's like good luck
with this yeah yeah i'm in the future he's like yeah he's trying he's not yeah which
which i can see right through that i can see right through that because in a real world like i'm a
man he's a man he's not here to save my my my portfolio or my money so so to me it discredits
a lot of what he was saying like i wouldn't doubt't doubt, like, to me, I don't know,
but, like, when he approached it that way,
to me, the guy's probably short.
Let's be honest.
Like, the guy's probably short, bro.
Like, let's be honest.
Like, he's playing his game doing his thing.
Yeah, he looks at your space.
There's 100 people in here.
He's trying to throw some influence, throw some dumps.
Yeah, yeah, yeah, yeah. And then at the end of the day, too, like, He looks at your space. There's a hundred people in here. He's trying to throw some influence, throw some dumps.
Yeah, yeah, yeah, yeah.
And then at the end of the day too, like that's how you,
that's how you're in the 5%, 10%. You like, like, like, like, like imagine the people that gave up along the way
when they said Bitcoin was dead.
There's a website.
I can't remember what it's called, but it's if you just like google something like bit how many times bitcoin's been dead or bitcoinsdead.com
or something of that nature and and it just lists it just lists all the events where they come out
and said bitcoin was dead dead dead dead dead all the way from when bitcoin was like less than like
a couple hundred bucks you know i mean all the. So again, it's the people that have the conviction.
So at the end of the day, my way of investing and my way of making it,
let's just say I'm wrong about Bitcoin.
Well, in 20 years from now, I'll still be more successful than I am today
if Bitcoin goes to zero.
coin goes to zero.
Because that's for me.
Because that's
for me.
That's for me because I'm going
to win
more than I lose.
It's been working.
I like that way of thinking because
that's what my buddy told me. I'm like, oh, my shit
went down. He goes, well, buy more.
And that's when I switched my strategy
to like, I ain't fucking selling.
I just buy more and equal out.
Whatever.
You broke up.
Oh, sorry.
Yeah, I agree with you.
I'm about to do something.
Am I still breaking up?
No, I'm going to see if this shit...
Hello?
Hello? Hello?
You hear me now?
You have an echo?
How do I sound now?
Really loud echo.
I can hear you.
A loud echo?
You're clear.
I just put on my
headphones, my cancellation, my noise cancellation headphones that I run with.
So I have never been on a call with them on.
So I just hear it.
You don't have to speak as loud.
Oh, I don't.
There you go.
That's perfect.
okay
Okay.
darn I almost have to whisper then
Darren, I almost have to whisper then.
hell I'm gonna stay on the
look I'm gonna stay on
I'll keep it open I'm just gonna go out
and get some cardio in
I'm gonna try this
one day for today
it's my mic go ahead
well I do
gotta run but dude awesome fucking space i hung in there to hold that
so um everybody came up was awesome and uh wish everybody well just pay attention and uh love
y'all i'll see you soon
gentlemen what's the good word are you ready for us to start seeing the bottom here soon
the metrics are putting this in a nice little spot
it's funny looking at the larp tarded timeline to like this is the flush out from the fmoc no
it's not you moron this is the price in for the government shutdown
i stopped watching the timeline just because oh they got books out there he's like you want to follow and win follow my trades this is the flush out from the fml no it's not this is the price in
for the government shutdown and the devaluing of the dollar is going to make crypto prices more enticing
when they go to a dollar peg stable and now their currency is more powerful that's like them bargain
shopping right so i mean there's so many levels to this that just the fools are
just completely clueless i don't want to be arrogant and prideful um because i think if
there's anything that i comprehend it's a gift it's a blessing
um i i don't like to believe that it's of my own doing
blue car do you think this is a flesh out so the banks can actually get back in for once or are
they still fighting this they've been trying to get back in so here's the here's the positive sign
uh correct is that it wasn't a crypto only event.
Correct, correct.
You know what I mean?
So when we talk about capital rotation out of silver, gold, whatever it may be, that does require their price to go down.
Now, you've seen that that's corrected pretty decently, right?
I mean, the fluctuation in gold is massive size money huge market caps like gigantic
um so for it to make this type of correction this quick is actually pretty uh respectable
it is pretty quick isn't it and it was very fast and like it's almost like someone it was designed
like like someone knew what they were doing hey sorry sorry, sorry, I I caught out there like 30 minutes ago. My connection was
Absurdly bad by the way
Yeah, I think everyone's having some issues I was having some major issues I was yapping here and there and I think anybody
think anybody's so negative on people i know it it's it people are very easily triggered these
days because all of our hopes of our dreams could be in you know the way an asset moves in price
and i understand that i just i i i hate the fact that, especially younger people, feel disenfranchised by the financial system.
And that I'd hate to see them get hurt, especially.
Like that generation, that demographic, I'd hate to see them get hurt by what's going to transpire going forward.
And I do see a lot of hopium, people calling bottoms when they shouldn't be saying
oh everyone's so bearish
this is always what happens
so if we take your
analogy of what you're saying
then you're basically
saying you're God
and you know better than everyone else
and everyone needs to follow your strategy
if you're young and disenfranchised
because you know better than everyone else
and if they don't follow you
they're going to get hurt
which is, I'm 50 years old
which is saying is bullshit
I'm just confused
why people aren't buying what's going up
and why people are continuing
to pay attention to what's going down
that's the only confusion I have
like why isn't there shit why isn't there shit talking about what's going down that's why that's the only confusion i have like why isn't there there's a flash why isn't there talking about what's going up rather than
what's going down that's that's that's the reality that's what we call reality
going down doesn't sell right you're trying to gauge market data with emotional, psychological sentiment, right? Like you have TA, FA, and PA.
And PA has a value,
but it's usually a value that is not black and white
and as presented, at least in my experience, right?
Isn't, yeah, no, good point, good point.
But isn't the whole idea of, for example,
Bitcoin for your cycles,
or the fact that Bitcoin can only go up because
the dollar can only be debased, because there
is no floor for the dollar, there is no ceiling for
Bitcoin. All these things that
you criticize me when you say
you know, oh, you must be God or
something. Like, technically, aren't you playing
that game too then, if you look
at it from that standpoint? Well, Bitcoin, I think
supply and demand
is... Correct. And the supply of bitcoin paper is
unlimited right now it is unlimited brother and if you don't believe that there's definitely
there's definitely they should have gotten into the futures they should have gotten the futures
in etf game but they there's synthetic derivatives there's an additive to it right and here's
something that is going to shake everyone a little bit also. 2.1 quadrillion stats is more stats than all the money that's ever been printed since the beginning of time.
See, this is like more psyoping about giving people like, oh, yes, it's so superior.
I want to buy more.
Like I said, the blue collar.
I'm not reading the timeline right now. Like I'm usually the blue collar. I'm not reading the timeline right now.
Like, I'm usually doom scrolling.
I ain't fucking doing it right now.
Not even worth it, bro. Not even worth it.
I'm asking you to be bullish.
Can I give you a scenario?
Can I give you a scenario?
Can I ask a scenario from you guys?
Look at mortgages.
Look at mortgages.
How many chairs are you sitting on right now? at mortgages how many chairs are you sitting
on right now what's that how about this how about this if you look at the market movement
what category of investors are truly rattled with a 10 move you know you might not be prepared to invest at all if 10 rattles you right so
exactly bro
like yeah you need some movers and shakers out there to get stuff fluffed up and you know, for what Trump
and the New World Order are fighting against.
You know,
don't be stuck in the middle.
Just pay attention and keep your ears
open. Don't
fluctuate with them, man.
They don't know what they're doing, dude.
I think
crypto Twitter...
I think crypto Twitter knows more what not really sure what... Wait, Ari left.
I think crypto Twitter knows more what's going on than they do.
But we react to these things.
We react to the FUD.
We react to Gensler.
These people are... I hate to say that word.
Retarded.
And they listen to these fucking people.
But you have this, okay? and i think you need to settle in
and realize the future gains and and look at hey so but it's an opportunity dude
it really is and we were talking about this a couple days ago in easy's morning show
and anticipating this to happen
exactly 84 to 83 000. it's on a recording you can go back and listen to it and here we are several
days later in the narrative i think that at least a room was presenting as this should be seen as an
opportunity and not the end of the world now i have my own little guidelines that have assisted me
world now I have my own little guidelines that have assisted me I'm not giving the recipe to
my freaking soup man no soup for you but I will tell you that my little recipe is telling me that
we're very much so approaching a proper healthy retracement based off of the events that are
taking place we have two hours left or so of the American response
to this market information this pricing in now we get to see what the other side of the pond does
with it and there's certain things I wish I can throw the fully throw it out there but I don't
wish because I don't I really like you need to keep some shit for yourself if you discover
something that gift of discovery might have been for you it's not to go out and share with the world but I'll tell you
that at least based off of what my comfort zones are we're very much so
approaching the range of alright this is what happened now we wait to see what
the benefits of being bold on days like today are and if there's a moment where
things go lower being bold on you know in times of like when they go lower and um you know he
was referring to like the youth man i wish i was 18 19 20 25 26 and having an opportunity to buy
something right now and then wait a considerable amount of time.
It's going to outperform your 401k.
It's going to outperform whatever you add in your employer matches to it.
There's no doubt in my mind you're going to outperform traditional retirement methods.
That alone should be extremely exciting.
I wish I was 18, 19, 20, 25, 27 and i had robin hood at my fingertips i had coinbase
fuck coinbase and i hate coinbase and fucking wish they would fucking be buried for all of
eternity but like these fucking tools at your dispense to actually invest in in corporations
the stock market these the the technology all is here at your fingertips all the knowledge
is here i wish i had that when i was fucking god damn you know you know i like what easy
i like what easy said earlier you know buy what you're comfortable at dude i'm a light coin bro i'm not shilling dude 65 65 dollars is it is my like oh i buy i buy
like when it's 65. you know i buy cardano at 30. you know it's it's just something my my trigger
finger does but i don't care if it goes lower right like that's 65 right so you know you're gonna have this happy
medium where you're gonna be happy be happy bro don't be mad at everybody you know
compounding conviction easy i heard you say it earlier compound conviction
i definitely see this as a moment of celebration right so what we had 19 billion
dollars liquidate it got us to 80 000 bitcoin do you think today's event is equivalent to that
well maybe you do I don't think it's going to be there was a lot of different metrics that
applied to that 80 000 that we're almost right there at 83 000 84 000. um you know what i've noticed i think there's another
coordinated sell-off between some groups of people that had a handful of things
well that's what i was saying the blue car i think i think this was coordinated and strategic um
but we can't we can't tell if the banks are involved or not because they are really pushing
back and um they have been for months they were supposed to be ready months ago and um
today was a low volume movement charts moved in a big way half another low volume
um banks purchased so what's low volume considered exactly part of the
recipe but this is a trust me bro moment it's today was a low volume day um so banks well
banks are buying and selling most of that takes place at otc and it doesn't hit the charts
it's not a market sell it's not a market dump that's why sailor was
joking and i believe it was sailor and if i'm wrong somebody correct it one of the big bitcoin
bros was joking that their next large purchase might just have to be on a market price it might
have to be on a lemon order instead of otc you know and i'm pretty sure that's a joke because
he's not going to go ahead and do that but it just it's a little tidbits of you know seeing inside the thought process of those as some admire
You know Michael Saylor cool guy. I hope he's he's a great advocate
But if he becomes a trillionaire that motherfucker is not putting no food on my plate
So I can like admire him, but but I'm not letting somebody else's strategy dictate my strategy.
And I think, like, that's what he's even saying.
You know what I mean?
And I agree with that.
Yeah.
Yeah, Mike.
Yeah.
Especially not a micro strategy.
Right.
Well, Kaiser said he's buying at that, you know,
they're all going to do that.
So it's not a, it's not a,
something to go off of
even Winklevoss said something
okay these guys got money
you know
one thing I do not like about
Saylor and the institutional
investment
end of everything come flowing in like
fucking mad is that
Saylor has positioned himself where
so ben that like he's the figurehead of bitcoin basically you know and it's just like not even like
the time or whatever he could have done that, but he didn't. He's from crack.
Come on, I had to break it up a little bit.
Right, right.
Whippets and shit, the fucking getting arrested in parking lots.
Yeah.
Dude, that was awesome entertainment, by the way.
I was glued to that shit, dude.
Oh my gosh.
That was awesome entertainment. So here's what's crazy, right? So
Fibonacci
Charting all your little patterns. It's actually designed
Mac D RSI. It's actually designed to get people to flow in the same direction
It's for the sheep. It's lagging indicators. They're lagging, right? And it works
in a positive way for a long-term outlook, right? Like those indicators that are lagging,
the closer you're zoomed in, the more they lag. A long-term strategy, it's very beneficial,
right? And 200-day moving average, all that jazz, that's long-term strategy, it's very beneficial, right? And 200-day moving average, all that jazz,
that's long-term strategy tools.
But when you're looking at the hyper-focused,
which we're watching now, as the market moves today,
that's the hyper-focused.
People are bummed out.
Like, wait, did you plan on selling today?
Even if Bitcoin went in opposite direction,
I went to 95,000 today, were you going to sell at 95,000?
You know, so this is where the PA falls into play the psychological aspect right right but what we
have done here and and i try to limit this myself like every now and again i'll pop in and i'll say
a couple stupid things what we've done here is we've slowly begun to reprogram how the sheep navigate with the sheriff shared hive mind right environment right
so so now we're at a moment where people are looking at things that they never considered
to be relevant so the market is going to move more because the market movement is vulnerable to market price it is vulnerable to
the living order book versus the long-term outlook so so we're almost doing an injustice to the
crypto world uh with education a little bit you know i i was trying to talk right easy as like
man sucks and it's like man what do you do you want to help people but in the process of helping people you also help those you don't want to help at all um and you
know but they also look at yeah and they look at traders like maybe yourself or somebody that
trades every day where you know let's say you onboarded a new uh boomer and they ain't buying
and trading today they don't know what the they're just gonna
wait like they don't you know you'll have a frowny face but they ain't positioned to like oh i gotta
hurry up and do this so it just becomes all fud or all f? Like, you know, I hate the way we do this to the new people because there's always someone to rip off.
But I'm not that kind of person.
I want everybody involved.
You know what I mean?
And the fact that they, I got to word this correctly.
I got to word this correctly.
The people that are out there on your timeline are not in your benches,
you know,
best interest.
They're just getting likes and follows and thank God for this space.
And some of you guys,
because these people would never fucking know what you should be really doing
or what you should be thinking right you just follow your timeline you do scroll and you go oh
they they build this fud with with your stupid sec guy thank god he's gone. And then they come up with another one.
The next fucking day.
It's like.
The non-stop.
Perpetual motion.
Of fucking you.
Get that through your head.
Then come back and look at it.
So the only thing a day like today does.
Is it dampers the hopium right like you don't play
in the cell so therefore a negative price impact takes away from your conviction and if your
conviction is you know shook that easily you know maybe you need to reevaluate your conviction but
but that's it the psych a lot there was a psychological head there was pride that would bruise you know what I mean some people that were
for certain have now discovered they're not and that's a hard pill to swallow
even outside of finance right that's just like part of being a man you put a
certain amount of energy and you believe there's a pattern of reliability and
then when that proves to have a error code you know people get a whole bunch of poopy pants and they start getting sad.
What a boot caller says poopy pants.
I love it, dude.
So yeah, you're right. They get really upset because they're very vocal.
They get really upset.
Because they're very vocal.
They're very vocal.
About telling.
Others how wrong they are.
And.
It's just like everybody.
We were all dummies.
Because we believed in the four year cycle.
And now.
Yeah I just called them.
I just called them trigger happy.
They had to keep clicking a button.
Even the meme coin stage or NFT stage.
People are just trigger happy, man.
They got to hit that fucking button.
They got to hit the button.
What am I going to do?
Hit the button.
Trigger happy, bro.
And I think EZ said it earlier.
You got to have patience.
And look how long it took him to realize that, you know.
And he admits it right live.
It is patience, bro.
It is.
So we're good.
It's official.
The Senate killed the bill to keep the government open, 46 to 54.
So the government's going to shut down, priced in,
markets moved,
the outcome of the fear has turned into reality.
Now the market will start
calming down instead of twitching like a donkey
with Parkinson's.
Yeah, it was a quick,
it was quick acting to an acting for sure, dude.
And they got it right down to that level
and said, here we go.
maybe that's good. said it's dragging it out and dragging us through the mud
that's so russia just tried to confirm that the explosion in the iranian nuclear facility
was american involvement so russia is basically saying what our government, Israel and Iran hasn't publicly announced.
I actually trust Putin.
I don't really think he's as bad as everyone says, but that's my own personal belief.
You know, there was a time where I would rather have Putin as our president than Joe Biden.
But with that being said, you know, when does all this bullshit happen?
I don't know if you guys have seen the pattern to these geopolitical events but it happens on a weekend so you know
Russia kind of sneaking that little information out as it was speculatory
before let's see what happens you know that we have a strike over the weekend
the markets gonna close things will do what they do and you know that's gonna
be part of the mindset of Australia, Southern Asia, Southeast Asia, Hong Kong, as we do
our little circle lap here of, you know, digital 24 hours, because it's already Friday for
them, right?
So they got to make their last move.
And then Friday for us.
We have last move, they have first move.
Yeah, you're right you know because once it's our friday and we're dealing our market it's their saturday
so you know they always hear first move asia asia moves first monday sunday sunday monday
um and um you know then how many uh how monitors are you up to?
It's so funny because, man, my freaking
war rig was insane.
And then something
happened where I
don't even need that much equipment anymore.
Like, there was a moment where it was
significant. But, yeah, I have
six monitors and four laptops.
But I was jelly at three, dude.
I spent up two, and I'm like, this isn't enough.
And I put one vertical, one sideways.
I'm like, I'm still not blue-collar.
But I tried, bro.
I tried.
No, man, that's awesome, man.
Six fucking monitors.
Yeah, I geeked out.
You know what I mean?
Is one of them at least a PS5 or something. No, no, I got, yeah, I have, you know, six monitors and
I got two gaming PCs for them because once you plug the fourth monitor
Into your gaming PC, it can like shoot down your resolution. So to at least get like, yeah, yeah, yeah, yeah, yeah, yeah, yeah.
Like three per PC
Yeah, I got them separated your resolution so to at least get like yeah i limit like three per pc
yeah i i got them separated
but no i feel you bro i just can't imagine what you're you're staring at right now
right now it's minimalized like like uh yeah so i mean i refined some things um back when i had that many monitors I mean I still have it but
when they were used all the time there was more of a correlation of assets
doesn't really completely exist much anymore I'll use one laptop for Twitter
or for X I'll kind of use another laptop for music if I want to play a song but
but yet again it yeah I
definitely probably didn't use my resources to the utmost potential and a
lot of people are heavy in liquidity pools a lot of people are heavy into
coding and launching and and you know but uh you know for the most part it was
like having a mad rush of discovery an explosion of discovery that bottlenecked
into necessity which was kind of weird right what i mean it was like but yeah yeah it changes your
mind frame so oh i gotta and and i was gonna say this is the cost earlier like staying up 24 hours a day to
watch your main coin like that yesterday bro like hey i don't want to stay up that long
but i did yeah i even stayed up 24 hours in a very very very long time um i also don't sleep
with leverage positions um so that's why it's like you
know i applaud light and i hope you successful and everything in between i i don't i don't do like
month-long leverages and week-long leverages and it's just it uh because what will happen for me
it's healthy it was healthier well i don't want leverage mentality to be my default
right like it's a reason that's it i mean it's good to know it's a tool for me but it's not the
only strategy and and that's why you see some people get wrecked and it's hard to feel bad
for them because it's like man you put all your eggs in one basket bro you can't you shouldn't do
that at least i know i shouldn't do that i can't tell
you what to do but i shouldn't no i always say that but you know staying up 24 hours your mind's
not correct anymore you know you you should start clicking buttons again you know
yeah most definitely but like i said i'm just you know i think uh decisions i make today or
um you know will be evaluated uh you know multiple months from now and um no i mean a lot of us a lot
of us do appreciate you and everyone else here for putting that time in and telling us that
right like you saved me how many
hours how many days how many years just telling you that and you didn't even tell me any inside
stuff right like just think about that like it's crazy no i'm happy to do it you know and i think
the best gift i've been given is uh from a certain boston gentleman his name will not be mentioned
um I love the fact that he has like this image of me being a heavy obese 60 year old man that
that's great a guy that's wrong all the time I love it you know I mean it it's uh you get excited
when you have victories and you want to share it and it's kind
of triggers a youthful spirit in a man's soul but after a while um you at least my advice to somebody
that's more successful than not stop telling anyone anything do not share your success do not yeah I mean I don't want to mean you just stopped I did that I did that very early on watching you guys and then but you still
get excited right like you want to tell somebody but I just I just lowered
myself down to the channels you know lower down channels. So what blue
collar is referring to
let me take one of these things off.
Okay, can y'all hear me okay?
What blue collar is referring to
as he said
this over the last few months
each time he said it
I've thought more and more about it
very successful people do exactly
what he's saying.
I've got some buddies that make so much money.
I don't even know how they make it.
Because they're not telling me.
It's none of my business.
They don't brag about it.
They keep it to themselves.
And they care about me.
They want to see me successful.
They just keep it to themselves.
Another thing. It's like Blue Set, and then we're here online, and it's like,
like, it's like with the MOG, I am that deal. Like, I learned. Like, I got more hate
when I was right. It was like trying to teach kids how to read a basic Dr. Seuss book
with third grade reading. When you try to explain to people, there's an amount of pool
of money that you borrow from. And at any time, what adjusts the interest rates is how much money is there left to borrow.
And it can be highly manipulated up and down.
And we've seen three, four, five hundred percent interest.
You start compounding that by the day after an asset's fall 30, 40 percent.
It was all a trap.
But what did I get from my knowledge?
Nobody in the room even knew who the fuck Sifu was.
Matter of fact, I bet you there's probably, I've spent hundreds of hours talking to him just like I'm sitting here talking to you in blue.
Hundreds of hours.
That's where we were eight years ago.
We were doing this very same thing. We
were just using Discord to
do it. The thing about it was is these were
private groups.
So we could control who got to
come in and listen and who didn't,
which is good. Take it easy.
You know, so
yeah, I realized everyone is not worth like, it's not, this is not just
like, like, I don't want to sound rude about it, but people are not worthy.
Like I don't automatically owe people the ability of my knowledge here.
I don't owe anybody anything.
Correct. Correct.
Correct, dude.
But like
apply a wall, dude, we're listening, dude.
We're paying attention, and
I've been here on Twitter for
14 years.
Crypto Twitter wasn't even
embedded yet.
And everybody was over there
on Apple, what was that called and I wasn't
allowed in and my boys were all in on that shit and I couldn't even tap in so
it was tough I had to listen to recordings I had to like do my hope like it was extra homework being an enjoy person but um
but word to you all thank you
so i'll give a little thing out here now i don't want to pick on the guy so maybe i'll
leave his name out of it but here's a big Bitcoin bro big account
This dump was completely unexpected. I have been studying technical analysis my entire life and there were zero signs
You suck your entire life
I mean, that's the thing. It's like some people feel like, you know, I've been doing this for 30. Maybe you've sucked for 30 years.
That's a moment with self, right?
He's got to answer that question for himself.
I can't answer that question.
But when you get somebody that claims to be studying technical analysis and the market
and saying that this was a surprise, why are a bunch of guys hanging out in the room like us
completely saw this happening days in advance you know
yeah when copper flips something's going on
what happened what happened you got cut out blick oh yeah i was just talking about some guy that was
a big part of the bitcoin community put a post in the timeline saying that there was zero indication
that this was going to happen stating that he's been studying technical analysis his entire life
and there was nothing that indicated this type of move and I was just trying to encourage the people in the room that you know here
are these individuals whether they're completely lying or maybe they're not as
skilled in their trade as they believe they are you know we were able to you
know recognize volatility options opportunities days in advance so you know there is benefits
of rooms like this versus following someone that has you know five hundred and sixty thousand
followers probably two hundred three hundred subscribers and he was not even able to be honest
with people that are helping to put food on his table. You know what I mean?
Or he just didn't know it at all, and he
should not be in that position to begin with.
Yeah, I always want to donate money
to this space, even though I don't have it,
just so these people have it,
and they don't read the stupid timeline,
man.
Easy's on to something, you guys are on to
something, and it's the truth. Right? And I think he's on to something, man. Easy's on to something. You guys are on to something, and it's the truth.
Right?
And I think he's on to something, bro.
Yeah, just a little joke here,
but the truth is, they probably
are following Ansem,
Souljakey, and that girl that calls
6,000 X's
in her Discord.
That's probably really what he's doing.
Yeah, but I see this as a great day.
Hopefully people will prepare.
Hopefully people will be able to participate.
I had my pennies stacked.
I was ready to go.
If you weren't ready to participate,
don't beat yourself up, man.
You know what I mean?
That's the other thing.
That timeline will kill you.
Yeah, we have some real success stories here,
and I'm happy for them.
The Lambo dreams and the watches
and thinking that's the normal lifestyle,
that is not.
So when you hold that as a standard of being appreciative,
you're killing yourself
from the inside out.
You're going to buy an F-250 and still be in debt.
But, um,
thank God for, you know,
people out there actually
admitting the truth.
The F-250 is still not even the real
lifestyle. The F-250
is $150,000, $160,000.
It's $1,700, $1,800
a month car payment. People
don't have that kind of money.
People don't have that kind of money.
People don't have that kind of money, bro.
No. You can't afford a charge. You can't afford a fucking charge. No. You can't afford a charge.
You can't afford a fucking charge.
I don't want to follow you, bro.
So can I speak without you talking over me?
Because then I have to holler, and then people are in the yards, people doing it.
That's why I should have just been listening to music.
But anyway, what I'm saying is, like, that's not even reality either.
It's not even reality either.
Go to a parking lot
where there's 500 cars.
See how many F-250s are sitting in there.
Six,
seven, eight
out of 500 cars. That's not even reality
because reality is that's a
$1,700 a month car payment.
Most people are renting their home
and their rent is that much.
See what.
I think we glazed over what Blue was trying to say.
I really do.
Because like.
It did floorboard me here.
Of how many people.
Want a $100,000 watch.
It's insane.
Now people.
People on that level.
People on that level. People on that level.
That can afford that.
I understand it.
I'm not knocking them.
I'm talking about.
I'm talking about the dude.
You're struggling.
To pay your daycare.
I'm talking about the dude.
That you're like. Like you're managing your money. You're balancing your daycare. I'm talking about the dude that you're managing your money.
You're balancing your checkbook. I mean, you still might make $60,000, $70,000, $80,000 a year. You're just getting by. You're just getting by. And you're looking at a $200,000, $300,000 car and a watch, your mindset's fucked up.
And that's why there will always be someone to change my oil, to put a new roof on my house, to cook my food.
I mean, really, really, you have to get out of that mindset, man.
The 1%. The 1%
The 1%
Why are you going to buy
A watch for $280,000
When you rent an apartment
Let's be real
That's it
You're right bro
And I'm sorry to trigger you but
That's how I feel everyday dude So I'm sorry to trigger you But like that's how I feel every day dude
So I appreciate when you say that kind of stuff
You know
Yeah like they should
Those guys their mindset should be
You should be looking for a 93 Ford F-150
Right right
With a plow
Yeah or with something right
Yeah exactly Right And then most of those That's what apply with something right? Yeah, exactly
Right and and and then most of those people don't even get the money out of it
Like it's insane. It's insane and I wish people knew that
You wanted to do something?
Yeah, base model.
That's just dumb.
Go look at the base models.
Go look at the ones with, like, if you want the ones with the feature, the fifth wheel in the back, the folding tailgate, 250s, they're $140,000, $145,000, $150,000.
Like, and listen.
Stupid. $150,000. When you see the price online
of $137,000,
walk into the dealership,
you're going to find out, well, the cheapest one they got
on the lot is $154,000.
You'll see. That number online
is to get you in the door.
My goal is to get Jason Williams not to be
posting about Ferraris and Lambos,
but F-250s, F-350s.
Check this the fuck out
No, but why?
Why? See, he's the
He's the 1%
He's the 1%
And that's reality, so we're not trying to change reality
There are
There wasn't a market
For people to buy them things and own them things
They wouldn't be sold
But the reality is
90% of the people sitting in this room
when you see
you're excited over
somebody's shoes and you're excited over
somebody's watch, you're
using a broke man's mentality.
That is
a broke man's mentality that is
excited over another man's shoe or watch.
Correct. What's up, Charlie?
What's up, Charlie?
Hey, you guys are talking about people that are broke.
I run credit reports during the day.
You should see the disasters that show up for everyday Americans, okay?
People living way beyond their means.
They drive two new Mercedes, they have all the toys, and they can't pay their
bills. So that exists out there. And these people are desperate for money, and they don't qualify
because they've missed a couple payments. Their credit scores have gone from 780 to 620.
Their credit scores have gone from 780 to 620.
It's a disaster.
Credit card balances through the roof
hundreds of thousands of dollars of credit card debt,
and they're stuck with it.
So it's just, you know, in my 50s,
yeah, for the younger guys,
you have a great opportunity to, you know,
go debt-free and invest into good quality assets
and build your wealth.
Don't buy shit that you don't need.
You know, charting, every time you come in, I look up to you more and more and I appreciate
But it's depressing in a way, but you're absolutely correct.
And it's sad, right?
Hey, I just had an 80-year-old couple.
They were clients of mine from years ago.
I couldn't do it.
Yeah, they're getting foreclosed on
and they had to file bankruptcy to stop the foreclosure
and they're in their 80s.
They can't do anything.
The guy got sick.
They couldn't make their mortgage payment.
The wife stopped taking her medicine.
I told this story before, so I apologize.
The wife stopped taking her medicine so he could take his medicine because it's a disaster.
I've seen it.
Look, I went through the 2008 financial crisis.
I lost everything.
I had boats, condos, houses.
I had all that shit.
And you know what?
When you come out of it, you actually feel better that you don't have it anymore.
That's the way I look at it. So in you know, in the timeline, I see the watches and the cars,
that shit doesn't mean anything to me. You know what means a lot to me? My daughter's healthy,
happy. She's a good kid. You know, that's what makes me happy.
I like when you and EZ say, like, live with inside your means, right? Don't go by all this stuff.
live with inside your means, right?
Don't go buy all this stuff.
these people, man, they have
a car that's worth more than their fucking
house. They're under
and they keep going.
Like, dude, I've always been the
kind of person, like, I'm only gonna,
I'm not going into debt.
Like, at least I'm not in debt.
Like, I own everything I got. You know what I mean?
And that means a lot to me, but it doesn't mean anything to anyone else in my life.
But me, right? And I find that very fascinating.
I want to make it clear, though. We're not rich shaming. We're not rich. We're not rich bashing.
No, not at all. We're not rich shaming. We're not rich. We're not rich bashing. No, not at all.
We're not rich bashing.
But I will say this.
Online, when you can post, when you can post shoes, you can post watches, and you can post cars, and you can post necklaces, and you can gain that audience that you gain.
They're what you would call a mark.
You've just used a funnel marketing because what you've done is you've turned off people with common sense. And let me tell you something. It's the same way the scammers do with their
letters. People think that them scammers are accidentally misspelling shit. No, they're not.
They do it on purpose.
Because the person that's smart enough to say,
hey, this shit's misspelled and this language is wrong,
I'm not fucking contacting them.
It's part of the marketing.
They don't want you to contact them.
They're fishing for the people that can't comprehend that.
And that's the same thing these guys are doing when they're showing you their shoes, they're showing you their watch, and they're showing you their bracelet.
They're fishing for a
certain demographic of people.
So, like, you think about what I just said, bro.
I'm a marketing genius. Yeah, I do. I do think about
what you think about, bro.
And I appreciate every minute,
even as you're running.
I love that you're running, man.
That's awesome.
A good thing to do just to relieve
quarters in your stress levels.
So, I'm proud of you, man.
Yeah, no homo, by the way.
No, I just wanted to make sure
that people didn't think we're
rich
batching, because we're not.
Like, all for the people
that can
afford... No, be rich. Just own what you own. You know what I mean? Because we're not. Like, all for the people that can... That can...
No, be rich.
Just own what you own.
You know what I mean?
Stop the payments, man.
Like, I love when you go into those details of...
Hey, I paid this off.
I paid that off.
That's a fucking...
Not just an accomplishment.
It's like...
Yo, I'm that fucking free, dude.
You know, now I can...
You know... I would like to come down south and grab some of'm that fucking free, dude. You know, now I can, you know,
I would like to come down south
and grab some of that grain off you, though.
Charter, do you do any,
do you see any of like the micro lending stuff
that goes on, the credit towards like,
I don't know, I don if you know what they are, like prepayday loans or like, you know, people are like doing payments on DoorDash deliveries.
Do you see any of that kind of credit stuff?
Yeah, that buy now, pay later stuff is starting to show up on credit.
Look, when you have Chipotle doing buy now, pay later,
you know something's wrong in the American economy. I'm sorry. Come on.
That's got to be a sign of something.
Are you freaking kidding me? Come on. I've been in business for 35 years. You've got people paying
for a fucking burrito over four easy payments. Something's wrong. Okay?
Not great.
If it walks like a duck, talks like a duck,
it's a fucking duck.
There's something wrong.
The general
everyday American
is hurting.
I'm telling you.
Like I said, the GDP number could be 10%, but if you lose your job, do you really give a shit?
Who cares what the GDP number is?
It's all fudged anyway.
Come on.
If you don't think that stuff is manipulated from month to month or quarter to quarter, that's my opinion.
I could be wrong.
You know, China has reported their economic numbers.
They have never revised them, ever.
You think that's right?
The U.S. always revises a number.
You know, well, we look back and it was actually 3.2 GDP versus 3.1.
China has never revised a number.
It's all bullshit.
Speaking about just living within your means,
there's this philosopher or whatever, Socrates.
It's an old, I'll make it quick.
Somebody said they noticed him going to the market
every weekend and he never bought anything.
And the person finally went up to Socrates and said,
I noticed you come every weekend, and you never leave with anything.
And he said, why is that?
And Socrates said, I simply enjoy coming to the market
to look at all the beautiful things that I do not need.
So keep that in the back of your mind.
There's a lot of people that buy shit that you don't need.
Look, how fucked up are we as Americans where storage bins, the storage place on the street
that whatever, people actually pay monthly rent to store shit that they don't need.
Think about that. And those places are packed. They're building them left and right.
These storage warehouses to put your shit in that you never, ever use and you're paying two,
you know, whatever, a hundred bucks or three, whatever it is. Like, think about that.
Or it is.
Think about that.
There's a garage full of shit in a storage bin three miles away that you don't use, but it's there and you're paying a monthly fee to hold – I don't know.
Yeah, the only time you see is when you're putting more junk in there.
Right, right.
I don't know.
Are those storage places – are they in other countries? I don't know. Are those storage places, are they in other countries?
I don't know.
Does Japan, you drive down the street,
is there a Sentry, whatever they're called,
storage warehouse that you can pull up and unlock
and open your garage door and throw your old television inside
to keep it just in case?
Does that exist in other countries or are we the only country that has that?
That's how crazy it is. There's so much garbage that people
buy. I have a client that goes to Costco, runs
up his credit card all the time. And the wife said he
buys things that we don't need. He buys four packs of donuts because they're on sale, but
don't need. He buys four packs of donuts
because they're on sale, but we never eat them.
we never eat them.
Right.
We go off on
what people
that they don't need.
Unfortunately, with the economy,
even when we were trying to save malls
and shit like that,
you were trying
to save malls. You were trying to save malls.
You were trying to save people going to the store to buy shit.
Even back then, they were buying shit they didn't need, dude.
You buy something for your kid, you play with it once.
That kind of thing.
We were a powerhouse on buying things
like buying, you know, just buying
power. And I think Trump sees that.
I think Trump sees that and says,
dude, we can do that again
but not with China stuff but with
everything. And then he realized
oh shit,
we buy most of the shit.
And went forward on that narrative.
But I don't think we need to be a wasteful nation,
but we are a throwaway nation.
And I think I blame a lot of that,
and I wish the cost was here,
on basically like you're buying
all these toys and all these
things you don't really need for your
kid you're just trying to make them happy
like we were outperforming
the need
to necessity to
making everybody happy
and I think he wants to get back to that
but to a point where
your kid don't need that many
fucking toys, dude.
Buy him
wealth.
He's doing that
thing right now where
$1,000 you buy
your kid's thing
it's worth $25,000 you buy your kids thing it's worth $25,000 later
I see
the precedent
I see what should happen
what needs to happen
on their terms
but when we actually
stop and think about
what we actually really need
or what we should be doing there is no fucking common sense whatsoever.
There is no, like, procedure.
These people follow the media, like, it's just retarded.
Like, even people in my timeline are getting separated.
Like, dude, they are dividing us more than you ever know.
The strongest strength is unity and us together.
And that's what they're doing.
They're,
they're driving pylons through us to separate us,
dude,
like pylon,
like infrastructure,
fucking pylons
to make sure we don't fucking get along.
Because if we actually
fucking agreed on something,
they'd be fucked.
And they know it.
B-meal. the happy meal and the toys you know that come inside it there's this lady i was in a uh
corner store and uh older lady yeah she might have been like late 70s or something you're talking about storage you just got me thinking and then you're
talking about toys and shit uh she she was like upset visibly upset she was in line in front of
me and like she stops and looks at me and just like doesn't say anything just kind of looks into
my eyes like she had like you know like there's something like trauma in her eyes and i'm like you know how you doing
what's you know asking her like are you all right and she starts going off about how she just lost
her two storage units because she couldn't pay them and they were full of all of her things
all of the things she's collected over 80 years and like when i was i was like i talked to her for
30 minutes 40 minutes and uh you know like well you know what's inside
mcdonald's happy meal toys beanie babies trinkets collectibles crap
collectibles crap in like to her that was her entire life and she just lost it like that day
because she couldn't pay the storage fees on all this junk she was keeping in there for decades
like she had these discussions for decades it's a shame because me and my me and my tenant look
forward to those things and we feel bad when we're going through this stuff.
That's sad.
That was her life, right?
That's what she held dear.
But it's also sad that that's what she held dear.
The hoarder kind of mentality is the collectible thing.
I do understand that.
But it's sad when i go through like
oh look what i found but i'm my happiness is on someone else's grave you know sad but um
it's strange though you know it is i mean some people don't know what it's worth
you know i'm a flea market kind of guy. But
I want my certain collectibles.
I want my Transformers.
I want my Thundercats.
Oh yeah, I'm a comic book guy.
I want my shit.
I want my BoJackson rookie cards. I want my shit.
And I'm all happy
but at some point
this person didn't know
they got ripped off, they, this person didn't know.
They got ripped off.
They died.
You know, these kind of things.
It is really sad.
But some people hoard shit, and, you know, they're willing to give it away.
But there's the other side of that that's really sad when you hit home. Like, maybe I'll contribute some money back to that lady
like oh you didn't know you had a fucking mickey man on here there you go you know that kind of
shit but I don't live my life on that shit I do that shit on the side but
like I'm just trying to collect my fucking garbage felt kids you know what I mean
yeah my fucking garbage fail kids you know what i mean nah i mean it's sad too like people put stuff in storage and no one ever knew like they can't
afford that and that whole storage business was probably a good business to get into like if you
could buy you know a plot of land and do that um yeah you have all since people don't pay you but
all in all i think that's a it's a pretty good turnaround but then you get the garbage pail
kids inside the storage unit when they don't pay so But you know what I mean? The person that owns it doesn't want anything to do with it.
They're sick of it. Here, just come fucking take this shit.
Just get it out of here.
It helps people, but at the same time,
they're not going to sit there and sell it.
Yeah, they do.
It's actually a pretty good business.
Well, they do.
No, they actually do. It's by law pretty good business. Well, they do. No, they actually do.
It's by law.
So it's all done by law.
There's companies that do it for you.
You have to do it by law.
After like 90 days of nonpayment, it gets put in the paper.
And you have a third-party service that has – the the storage facility can't legally sell it themselves
you have to use a broker you use a third-party uh service and they literally come in and auction
the stuff off and they sell it you know the the the the the mini storage business is a hell of a
business you know what's even better at the coast than mini storage because you don't even have to
have the buildings or the climate control or anything. It's just plain old boat storage,
land storage.
What you get per foot here, it's insane.
All you need is the land
a motorized
fence with security to let
people in and out on their own
and basically no overhead.
That's a killing.
Never mind.
It's good.
No, it's big in Maryland.
It's big in dollars.
It's money.
It's how you make money while you sleep.
Yep.
But the problem is most people do pay.
It's not the majority don't pay.
Most people put $7,000 worth of value in a storage unit and then they pay for that storage unit
For for 17 years 15 years and they pay
Thirty thousand dollars to store six thousand dollars worth of value. It's not even it's great money
Yeah, these people are storing stuff that is worthless sometimes and they will pay the extra money
So, you know as a business as an entrepreneur like that's one good thing
Like even climate control like to pull my action figures and all my baseball cards into something I need fucking
Climate controlled stuff like Baltimore like it's huge dude like it's huge dude they'll just take
over buildings and just climate control I'm like what are they fucking storing
in there you know and paying this outrageous amount but these people do it
they don't have fucking furniture in our house, but they have storage units full of furniture.
It cracks me up, bro.
Like, you know, if I could just wrap my friends call me a retarded or bitcoin and like coin
My friends call me a retarded or Bitcoin and like calling me
calling retarded.
And then I just look at them like, did you own silver?
Did you have copper?
No, nothing.
You still paying that payment on, uh, the rental on that, uh,
on that space. Yeah. Yeah. I got a bunch of 1970s furniture in there i'll never
use it'd be cheaper for you to fucking pay someone to get rid of it and get rid of the payment
no no no's just worth something.
There is a lot of entrepreneurial things you can do out there.
It's called common sense, right?
See, what you're asking for people to have is common sense.
And I'm not being rude, but the majority of people on this planet don't have common sense.
The majority of people that live around you in your neighborhood don't have.
The majority of people don't have common sense.
Have you ever been to Walmart?
Just sit, go somewhere and sit down and just listen to people talk around you as they interact throughout the day.
You really?
So this is the reason.
No, I'm just being real.
This is the reason why that happens.
A lot of people don't have, they just don't have, they're good people.
They can be smart people.
You can be highly intelligent and not have common sense, but the majority of people don't
have common sense.
Common sense for me, i'm doing an insurance job
so i need to i need to have stuff moved from a moving company then i need to have it stored
then i need to have it put back in well the quote was more the quote was more than what I could, and okay, so this is used stuff.
It's all used.
The quote was higher than I could go and purchase the stuff new again.
The cost to move it, the cost to store it, and then the cost to bring it back in.
cost to move it, the cost to store it, and then the cost to bring it back in.
So because I've got common sense, I sold it.
And what I couldn't sell, I took pictures of it, put it online, sold it.
Somebody beat me halfway down on my price.
I didn't care.
Okay, come get it.
come get it they took it what what didn't what didn't get sold i literally paid somebody like
They took it.
300 bucks and they came and loaded it up and took it to the landfill what didn't get sold
and it saved me money i made money yeah because you're not holding the flea mark no because i
don't now now my time is valuable too now so i didn't try to go to flea marks. Listen to me.
It was more expensive to pay the people to come take it, store it, and bring it back.
So I didn't spend a lot of time on it.
I snapped pictures.
I put prices.
People offered me something.
I said, come get it.
The moment it started taking more time than when it was worth, and I had a
deadline too, so I need to get it out by a certain amount of time because they're putting new floors
in and putting in new insulation, ripping the ceiling out, doing all this stuff. I threw it
away. I didn't go to flea markets. I don't let a nickel, see, you're getting me wrong. I'm not
letting a nickel hold up a dollar. If I was going to do the flea market
thing, I would have just took and let
the guy, I would have just paid more to store it
than it would have cost to buy the stuff new.
Like, yeah, so, no.
No, it was about, the shit's
got to go today.
There was still value. I don't care.
I didn't care what the guy
did with it. I could care less what he
was doing with it. I paid him less what he was doing with it.
I paid him $300 to haul it off.
I paid him $300 to haul it off.
Instead of paying, you know, whatever the quote was, $10,000, $11,000, $12,000 to move it out, store it for like four or five months, put it back and everything.
I could just buy.
I could rebuy this shit for 15 no what I was saying was
you give it to the person
to go to the flea market you just give it
to them and you don't have to pay
the garbage fee
you're just like here you want all this shit yeah
well you gotta take all of it
okay
but I do agree with you.
The garbage fee alone
is insane.
So if you just
find some people, free market people, they will just
take it and sell it for themselves.
And it's just out of your
hands.
But yeah.
We're on the same page.
Well, I think we're splitting hairs here.
It just boils down to people.
The majority of people don't have common sense, bro.
Yeah, people just don't have common sense.
This is an awesome space.
I can't believe I'm still in here. This is awesome. Yeah, I can't believe I'm still in here.
This is awesome.
Yeah, I can't believe I'm still in here.
But it was good.
I got half my run in, which was fine, man.
I was late in the afternoon anyway.
Well, it's not late in the afternoon.
It's only 3 o'clock in my time.
But still.
I normally go out at 11, 12 o'clock.
That's what I've been doing.
But anyway, man, yes.
And plus, I really wanted to get back and spend the last hour with the market to see.
I'm curious of what happens after the close of the bell.
Honestly, I want to get filled.
But, you know, I ain't got to get filled over, like, in one week.
Yeah. field over like in one week. Thank you. But I will put this out there.
I think 80K is going to hold.
But I think worst case scenario is that $74,000 situation.
And I'm always prepared for it to even go lower.
Well, I can't say I'm always prepared,
but I am prepared for it to go lower.
I'm also prepared for it to go to a new all-time high, too.
Because I'm not on leverage. I only have spot.
I need some water. Thank you. Hey, guys. I think I'm going to end it. End the space.
Really appreciate y'all coming.
I enjoyed hanging out with y'all. There was a lot of knowledge.
Here's the thing. It's recorded.
Probably a good time to end the space.
It was recorded.
If you've just been here the last 30, 45 minutes,
if you want to go listen to some of the beginning or something,
don't forget to go just replay it.
But, yeah, appreciate y'all.
Peace.
