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Everyone is welcome - silly season!
Recorded: Dec. 6, 2023 Duration: 2:09:42Space Recording
Full Transcription
We'll be right back.
But I also see a ghost in the audience and a bunch of other people.
So I'm not going to be the only one who talks, obviously, the whole time.
So I'll designate some speakers that I think, oh, Ulysses, man.
You haven't been down here in a while, who just, you know, add value and whatnot.
And if you guys want to come up and talk, like, it's an open platform every single time we hold these spaces.
And so as long as you're not like a meme or you're going to create turmoil, then we listen to what you have to say.
Prince, what's up, what's up, man?
I think it's a really interesting time in the market.
I mean, I think there's some disbelief amongst the community of like, not necessarily the community, but just like we went through like a really, really, really, really long time of like, oh, God, like everything's going to zero.
And you have this PTSD and it's the bear market and like, what's going to survive?
Is crypto ever going to survive again?
And I think the value that you hold if you were here before and you understand the element of patience and recognizing like it's not going to go to zero.
And then you start to focus in on like, what are the narratives and like, where is the, the not necessarily capital being allocated, but the capital that has been preserved during a bear market.
And then what are the narratives going forward?
I think there are a lot of them right now.
And so I think you can hop, skip and jump amongst a lot of them.
And your best bet is probably just to focus on something that you think is going to have longevity.
Longevity in the sense of crypto, maybe that's like six, 12 months, maybe it's 12 months to a year and a half.
I don't really know.
But enough of us have gone through the pain.
I think a lot of what occurred during, you know, the last cycle, which was a huge mania.
Do we get that again?
I don't know.
You know, maybe, maybe in some instances, like in some subsectors of crypto.
But that was pretty crazy.
Right.
And so you looked at a lot of how, you know, if you were involved and VCs and even normies coming into the equation and everything, like valuations were pushed up to an insane level to where, you know, I'm someone that looks at like fully diluted valuation in terms of just like, okay, where's the full supply?
Just because you know that that's going to come onto the market in silly season, which we are right now.
I think a lot of people just look at circulating market cap and they don't look at FTV.
And that happened last time.
Right.
And that's fine.
Like we can all do that.
But you need to understand that like the vesting situation of a lot of that stuff comes to fruition.
And I think like if you look at a lot of charts, that's probably why they're down 90%.
Right.
And so there's an opportunity right now in my mind to revisit narratives that maybe didn't exist or are actually like materialized.
One being RWAs.
The second being gaming, just because I think that's the most relatable thing from a normie standpoint.
And it has been in my mind.
I mean, I think last cycle, it was just like out of control in terms of like Sandbox and Axie and like everything just from a user-based standpoint.
And like all of the traditional finance money and basically like VCs, hedge funds that got into it, like I think Sandbox was like a $9 billion market cap at one point.
And it's just like, really?
Is that, you know, is that a thing?
So now we've gone through this almost like two-year period of all these guys have maybe vested or lost a bunch of money.
There's new projects coming and then the introduction of AI and I think a lot of other things, like particularly if you're looking at chains, like Solana was pegged as like this gaming chain, right?
And so is it, maybe it is, it's low cost, it's like fast transactions, like whatever.
But the reason Solana has gone up in my honest opinion is because you've taken out the biggest obstacles from the chain.
FTX being one of them, right?
So you remove that part of the equation.
And a lot of the VC stuff that happened on Solana from fully delivered evaluation into like what's going on right now, you can start to pick these things up off the floor because you've now removed all the bad people from the equation.
And you now have like a clean slate, but you have a clean slate in the sense of like a market cycle, right?
And so there were all those charts going around where like, it was like Solana, you know, like what ETH did and then like what Solana can do.
And we all have the memory of a goldfish.
And so, you know, the patience of people in crypto to see something like that through is probably like, you know, a small percentage, right?
When Solana went that low, everyone was like, oh, it's going to die, right?
Was anyone like, I'm going to put $100,000 in this thing and wait six months to a year and see if this chart manifests itself and like the ecosystem.
Like Anatoly is like a legit dude, right?
They came out with the phone.
That was an interesting pivot.
I just, I don't know if they're actually going to have like the hardware thing.
Um, they clearly have this bonk, uh, narrative going on.
Um, they have a huge NFT market going on, but is it really gaming, uh, that Solana is going to excel in?
I'm not sure if I go over and look at AVAX.
Um, you know, I've kind of taken my eye off that, but I've had like a pulse on it for a long time.
Like with people in it, like there's stuff going on there right now with subnets and there's a lot of gaming activity going on.
And so the transition from the narrative of the chain of like Solana being gaming to AVAX being gaming, um, is really interesting to me.
Um, and I think if you look at the Solana trade that has occurred and what drove it, I don't necessarily think it was actually gaming.
Um, but I do think AVAX gaming is a very, um, interesting area to investigate.
And AVAX on a chart is similar to like what Solana looks like.
And so Asaka's old meme of Solana, uh, AVAX, Luna, whatever it is, like obviously one's not here, but AVAX is still very much part of the L1 ecosystem that should not be ignored.
And so that is interesting to me.
Um, the other things that are interesting to me right now, uh, this is just me venting because everyone is welcome and it's silly season.
Um, is dude, pudgy, pudgy penguins, fucking 10 E that is like kudos to Luca, man.
That's crazy.
I mean, he took over the project.
It was much less.
They sat there for like two, three E and then toys in Walmart.
Um, I was very skeptical of like how they were going to basically, you know, the 10,000 penguin, like NFT project, like items wise, like how do you capture your IP?
That was the one thing that really made me skeptical.
Cause it's like, okay, well maybe you have the best penguin, right?
Like, like, is that going to be, um, translated to like all the other, like, you know, like okay penguin things like from a royalty standpoint, but I don't know.
I think he's just done a really good job with community building.
I mean, he spearheaded like the number one toy in the U S that was one of the things that made me realize that he was probably capable of doing something like that.
Joe blaster.
And so if you bring product to market, it is a very powerful tool.
And if you can translate that into a NFT project, um, even better.
And so, you know, I tweeted something about like Kumpai pandas being undervalued versus penguins.
Like, yeah, they are.
There's like way different revenue streams.
Like ice bags is like a business guy that doesn't come from, um, crypto.
So he made all his money elsewhere.
And so, you know, he's very much into the web three aspect of things.
The reason I bought into Kumpai penguin, uh, pandas was because he basically was like, this is what we're going to do in terms of attacking growth markets.
And so I'm, I really don't like UFC fighting.
Like I, I'm not a fighter, but I understand that like, that is a huge revenue driver.
I get that.
Like gambling is a big part of this.
That's part of his life.
Like that's part of what he does.
And so if it's just a natural extension of who you are and you're a CEO and you have already made money, um, and this is a passion project, then like a lot of that stuff just makes sense to me.
And so if you could have bought penguin, uh, pandas at like three, $400, like, I don't know, a year and a half ago, whatever it was.
Um, and you just bought into bags, like, yeah, it's great.
We, we, and they didn't go to 10 eat, but like, I think there's a big catch up trade here on those.
And it's always been a levered ETH play for me.
Um, and so like NFT world, like meme world gaming, RWAs, like there's just so many things to talk about.
So I'll just open the floor here and, uh, yeah, we'll see where it goes.
Um, Avocado is the only speaker.
He's probably with his girlfriend because he can't talk either, which is funny.
Hey, yeah, what's up?
I can talk.
Uh, yeah, I mean, I agree with a lot of that.
Um, I don't have anything super intelligent to say tonight, but cause I'm also trying to get into a position at the same time.
So I'm a little distracted, but, um, um, what position don't tell us.
Uh, I, I'm trying to get into a couple of like BTC proxies, like T and riff, uh, a couple, just a couple of prepositions.
Um, but anyway, um, yeah, I mean, yeah, I totally agree with like one thing on the Solana thing.
I've been trying to think about like, what's the reason why Solana really like took off this early.
Um, one of the things that I can come up with is just simply, um, well, two things.
One is, uh, I think the market was extremely heavily, heavily allocated ETH, uh, overall throughout the cycle.
Um, you know, like ETH became like, uh, you know, last cycles kind of way that people denominated their wealth in, um, like everybody held ETH.
Everybody was a dot ETH person.
Everybody had, you know, like, uh, was the, the goal was like compound ETH.
Um, so everybody was pretty highly allocated to ETH.
So, um, and even throughout the bear market, I think a lot of people kept ETH because, you know, you can farm ETH during the bear market.
You know, there are all kinds of like interesting farms you could do.
So, you know, Sol is basically like the kind of biggest, uh, best example of like an ETH competitor.
And the fact that also it's, um, it's a non-EBM, I think also made it attractive because, you know, if you look at a lot of the, uh, kind of like L2s that came out, um, you know, they, they kind of fell a bit flat, um, compared to what they promised.
Um, you know, if you look at kind of like, uh, Arbitrum or, um, our Optimism, um, yeah.
So, um, yeah, so sorry, I'm trying to get into position, but, um, uh, so yeah, I think that's kind of one reason why Solana was interesting to people.
Um, also, I think there was like an element of the kind of bullish unlock or bullish selling kind of thing.
Um, you know, the, like you said, the FTX saga, like wrapped up and then there was Novogratz and Galaxy who are basically going out to the market and selling it.
And I think that was just viewed as like, uh, you know, kind of like closing, you know, closing the chapter on, uh, on, you know, that saga, I guess.
Um, and I think people remain kind of fundamentally bullish on the chain.
Uh, they kind of distinguish between, you know, SPF and Solana and the projects on Solana.
Um, yeah, yeah.
So those are kind of my reasons why Solana came back so fast.
And, uh, oh, one last thing is I do think that, you know, the market tends to look at what was bullish, like last cycle, you know, what kind of like was popular and bullish at the very end of the previous cycle.
And, and, you know, most, the beginning of the next cycles tend to kind of pick up where the last cycle left off to some extent.
And so, um, you know, Solana obviously was, uh, a big part of the last cycle and, you know, peaking at the very end at, you know, 230, 50 bucks, whatever it was.
Um, so yeah, I mean, it's, it's just my thoughts on that.
What do you think about, uh, gaming?
Um, I think gaming is like, I'm not a gamer at all.
So like, I always have, I always struggle with like crypto gaming, let alone gaming at all.
But, um, I think gaming is like the narrative, like makes sense in crypto, but the products are not good.
Uh, and I, I think they're probably not going to be good for a while still.
Um, yeah, I mean, I think it's much better than last cycle.
Like they're actually like some people with like real, like, you know, experience at like, you know, rockstar games or like whatever building stuff, which was not the case last cycle.
Like last cycle was like really crappy games, like Axie and, you know, like DeFi Kingdom and stuff like that, which are like, those games are basically like farming.
They're like basically like DeFi with like, you know, some pictures on there, you know, like some animation.
And yeah, that, that, that was, that was like the thing, like, you know, it's like the roadmap and like the deck or, you know, you have like a, a video of your game.
But like, are we now at the point where maybe it's getting better?
Um, I think it's, I mean, it's definitely getting better.
Like these games, like, uh, like shrapnel and stuff like this.
And like, they look like actually much closer, big time.
They look like actually closer to real games.
Like I'm not a gamer, but I think they're still not nearly at the level of like, you know, triple A's by any stretch, but like they look decent, I guess.
It's like the bar was pretty, pretty, pretty low.
Um, so yeah, I mean, I guess there's like excitement just from the fact that it doesn't like totally suck anymore.
And, um, yeah, but gaming just like conceptually makes sense to me in crypto.
Like, you know, you can kind of like own assets.
It's like, it's like one of the, it's one of the use cases that actually in crypto makes sense to me.
Like there are a lot of use cases that don't make sense.
Like most things don't need a token.
And then, you know, it's like, uh, you know, most stuff is like vapor, right?
But gaming like kind of makes sense.
Um, it's one of the few ones that use cases that make sense to me.
Like I think gaming have always been like the most obvious things for what is going to work in terms of how do you, um, attract a normie crowd.
Right.
Because you just look at, uh, you know, what, what thematically, like what works and like trying to get nexus on here, um, why people would adopt this, um, versus like DeFi or anything like that.
Like gaming and gambling are like things that normies do, right?
And so if, if, if you can create that seamlessly, uh, crypto in the background, I guess it's like, then maybe you're going to get, you know, a new population coming into the, uh, ecosystem.
Yeah.
Yeah.
And, and like, you know, why do you actually need a blockchain?
Like, you know, I think gaming and gambling actually kind of makes sense.
Like, you know, gambling needs to, um, like you want to like, well, one is, you know, it's not legal in a lot of places.
So, um, crypto is very good for that to get around the, you know, the conventional system, the traditional rails, banking rails.
Um, and the other thing is, you know, you want like gambling to be like kind of provably fair to some extent.
So, you know, crypto kind of provides that as well.
Um, you know, if you're, if you're playing poker on some like offshore site or something, you have no idea if, you know, if you're getting swindled or not, but, you know, you can at least, if it's on chain somehow, you can kind of have some assurance that it's somewhat fair.
Um, and, um, yeah, gaming makes sense in the sense that, um, you know, some people want to like own some of their in-game assets and things like that and be able to port them over from one game to another.
And, you know, not just have them basically owned within the game and, you know, like, uh, you know, these, these gaming companies can basically decide to like pull the plug any day.
And, you know, you spent like a hundred thousand dollars on skins or something, and all of a sudden you're not available anymore or something.
Um, it's, it's interesting that you can actually, you know, maybe take them out of the game and have self custody of those things for some, for example.
But, um, yeah, those, those two use cases make sense.
Most everything else kind of doesn't.
We don't need tokens for like, uh, I don't know.
Well, um, for most other things.
Most things we don't need tokens for.
Uh, Nexus here.
Oh, no.
Really?
This is gonna do it?
Uh, I think it must have co-host here.
What's up, bud?
What's up?
Oh, dude.
Rangers lost.
They had to have one loss.
Yeah, man.
How you doing?
Against Ottawa.
I was like, you know what?
I was expecting it the last two games.
And then I was just like, uh, they're not like, you need some adversity on the team, right?
Like, just, I think their chemistry is really good.
I think their whole situation is good.
But, like, you can't win that many games in a row.
Like, um, it's not, you need to just, like, you need to lose some.
Like, they have the best record in the NHL, so it's fine.
Have you ever seen that show on Hulu called Shorzy?
The hockey show?
Oh, man.
What's that?
You should watch it.
It's the guys from Letterketting.
They made a show.
Um, but, basically, the team, bro, they said they'll never lose again, bro.
And that's the Rangers this season.
They'll never lose again.
Nah, it's all good, dude.
They're fine.
They're dominating.
They're gonna lose again.
Yeah.
They won 82 games.
85 games.
They're gonna lose again.
It's just, like, that simple.
What are you guys chatting about?
I didn't mean to talk hockey.
Anything and everything.
Hey, we're just looking at, we're just talking about narratives, the market in general.
Bro, you don't need a narrative when there's a token called pizza that literally went up
1,100% freaking a week, bro.
There's no narrative for that.
It just happens.
Pizza?
Yeah, I've been posting about it for the last few weeks.
It was, um, up today it went up, like, fucking stupid.
I just posted an update again.
Um, but I was in this play and it went up, like, 500% in, like, a few days.
And then it went up another 500% just after 6 o'clock today.
So, like, I was like...
What's the liquidity?
Um, it's a small cap, but, um, it's a BRC token.
So, on my exchange...
All right, so I just, I just aped a BRC token because, um, one of my friends told me about
And, uh, uh, he was like, this is BRC on BRC.
It's a bot.
Um, and I was like...
Yeah, I've been playing these for months now.
Um, people are just finally catching on.
Uh, the BRC was where you want to make your 10, 20 Xs.
Um, as far as, like, small caps, smaller caps go and alts that have no...
They have no fucking history with Bitcoin.
So, they have no reason to follow whatever Bitcoin dominance or whatever Bitcoin pairing.
They don't even have Bitcoin pairings yet.
So, it's so new that I was like, it's speculation.
They're going to fucking run.
Um, so, like, one by one, just watching how they rotate and then understanding, oh, okay,
like, every time Bitcoin consolidates these ordinals or BRC tokens or whichever one's in
the BRC list, they just get fucking pumped, man.
So, it's pretty easy making money here.
Yeah, so, um, Bitcoin dominance being, like, a huge thing right now, like, until it all transitions
to ETH, like, cyclical behavior like we've seen in the past, I don't know when it happens
and then it goes to altcoins.
So, then, like, there's all that money going into the BRC stuff, just go to ETH and then
outside of that.
So, it's kind of a game of musical chairs for me.
I think.
Like, what's the longevity of the BRC stuff right now?
Um, well, they have, like, certain tokens that they're probably just memes.
They're going to run up thousands of percentage and then go back to where they came from.
But other ones, I think they have some actual, like, cool things going on for their
building on Bitcoin.
So, I think they have longevity, man.
I think some of them, even though they have ran up a tremendous amount, I still think that
they can run up a lot more given their market cap.
Um, and how other alts in the past have performed during these parts of the cycles.
Um, when it becomes real alt season too, like, eventually, right?
We haven't even really seen it.
Like, maybe a few mid-caps, like, what, Solana?
Maybe a few others.
But, like, we haven't really seen.
That's not alt season.
Yeah, we haven't seen it bleed into the mid-caps and the larger caps yet.
Um, but, dude, it's kind of, like, looking like, okay, if anyone's going to start aping
into these BRC narratives now, now they might be exit liquidity.
Um, just because they all have already pumped so much that it would just make sense to correct
a little bit.
But others, dude, they look like they're just lagging behind.
So, um, I think there's still a lot of plays to be made here, man.
Um, pretty easy, dude.
You just, DTA-back spot.
It's, like, better than trading the fucking fucking Bitcoin chart or something these days,
in my opinion.
Yeah, no, trading the Bitcoin chart is, uh, eh, crazy.
Yeah.
I don't know, I, I have a, uh, I think the gaming narrative and the RWA narrative are very apparent
to me.
Yeah.
Right now.
There's a something called Nakamoto Games.
Nobody is talking about it.
And it's literally been up only for, like, over a year.
Like, it's literally, like, insane.
Like, I would.
Yeah, that was one of those 2021 ICOs that, um, I passed on for some reason.
Um, but yeah, it's up, like, what, like, 20X off the lows?
Yeah, man.
And I watched it for months, going, I'm gonna buy it when it gets here.
I'm gonna buy it when it dips here.
And it just, it just never did, dude.
It just kept going.
And I was too afraid to, to buy a top or something.
I don't know.
Have you seen, have you seen, uh, have you seen that ticker up only?
Is it up only, I hope?
Yeah, well, yeah, it is, because it's the same team.
Like, I don't know, but evidently it's the same team as Nakamoto.
It's, like, sister project or something.
Oh, no kidding.
Um, yeah, it's pumped a ton, too, but it's still not as much as Nakamoto.
Even, even the PYR chart, like, I don't know what the protocol's doing.
I heard good and bad things, but, like, the chart itself looks pretty freaking bullish.
Looks pretty good.
Yeah.
Anything that's been a 500-day accumulation, like, I don't care what it is.
Like, I don't care what it is.
Like, you just, you can't fade the breakout.
And there's, like, so many of the things.
Like, Link was one of them.
Um, like, there's just a lot that fall into that category.
Um, you know, so.
Yeah, dude.
Like, I mean, ETH might be looking like he's going to do that for a while, too, and then pump it out.
I don't know.
I think so.
You think he can get to 2,600 first, no?
Oh, okay.
Yeah, I thought, I thought even 3K, like, throw it on the table, bro.
Like, initial prediction.
Well, 3,200 is, like, the mega, but 27 is, like, conservative.
Yeah.
Now, what do you see on BTC, bro?
Like, I don't want to just talk about nerdy shit, but do you think we top 42, 45K here, or are we going to 50 and then 70 next?
I just think that history repeats itself, and there's everyone in this space that have the memory of a goldfish.
Um, and cycles are just what they were in the past.
Sure.
Yeah.
And so when BTC moves, ETH moves, and then, like, you know, you have the party over there, right?
And so there's already been kind of a party on some altcoins.
ETH BTC has been something that's been disappointing for most people.
But if you just look at the forefront of the news and, like, how gold is traded and the rest of equities and everything and, you know, what BTC has done.
Okay, like, then, like, buying ETH in this instance is probably not smart.
But if you're a leopard ETH and you're, you know, you have it from below, you're just kind of waiting, right?
Um, but if everything is setting up for what I think it's going to set up, and you're patient, and you understand that 2024 is going to be a silly season for crypto,
then, like, positioning a month ago, or, like, a couple weeks ago, and these altcoins and stuff like that, um, then, like, you just kind of have to wait, right?
It's not, like, it's not like an on-chain coin that it's going to be, like, 50x in a week, right?
If you could, this stuff's going to happen over three to six months, in my opinion.
And so, if you start buying into the idea now, even if you get a big pullback, like, it just creates an opportunity, for me, at least, where I don't know what's going to fuel it, whether it's the Bitcoin ETF, everything.
But normies are not here right now, and we're in a situation where, like, I think people who have been here understand, like, what's going on.
I mean, dude, you can just see it, like, there's, like, companies coming back in, trying to raise money, trying, like, you just, you can see the environment that's happening right now, right?
Like, and people want to short, like, all of the spikes, and it's, like, you had a long time to short it, like, yeah, like, this is an uptrend, and, like, a lot of stuff hasn't moved yet, it has moved, yeah, it moved, like, a lot for you to be, like, oh, fuck, I missed it.
But, like, understanding that you didn't miss it, because there's, honestly, probably a year of upside coming.
I agree, bro.
Eight to ten months of, like, this is going to be, this is going to be the hardest thing for people to realize, but it's going to get absolutely fucking insane.
And I'm going to be skiing the most of this time, because I just realized that, like, I do not want to be looking at the charts.
And I literally just want to accept what I think is going to happen.
Sure.
I love it.
I love it, too.
I've been here.
I've been here.
You don't need to overthink any of this, like, the market's been speaking volumes, right?
Um, if you haven't had your bags run up and you're chasing other things, like, as long as you're in a good coin or good, some project, I don't know how crypto you can extract value so many different ways now, but just, like, I think there's always a rotation between alts and the narrative.
So, like, maybe it's just not your coin's time or something, but generally, the higher Bitcoin dominance keeps going, maybe it's not super great for your alts right now, right?
But, like, then the higher this thing goes, whatever it does correct, like, the more bullish, like, that last dip is going to be to buy alts.
It's, um, so, like, you know, it's probably going to be huge.
Yeah, that's, that's just in line, that's just in line with cycles.
You're going to have alts that, like, outperform, like, during Bitcoin's, like, craziness, but if you've experienced this in the past, and, like, history tends to rhyme, but not necessarily repeat.
Um, especially in this industry, um, you, you just, like, you just have to position and sit tight, and it's probably going to do similar instances of what it has in the past.
The real question is just, like, are you positioned in the right, um, attention economy narrative, right?
And so gaming and RWAs are nothing, are something that is the most relatable to the normie economy that can be translated to the masses to where if we get, I don't know how it's going to happen, but, like, if you get the euphoria, those are the things that are going to do it.
And, and, and, like, metaverse is one of them, I'm not, I'm not really, like, sold on that so much, but, like, gaming, yeah.
Real world assets, yeah.
Like, those are, those are things that, um, if you just look at, like, S-curve of adoption and, like, where most of the population spends their time or money, those are two things.
Like, like, they're not so much in the, necessarily, like, decentralized exchanges or all, all these other things that, like, maybe were, and it doesn't mean to say that they won't work, but relatability and, uh, adoption comes from comfort.
And comfort does not come from DeFi.
It comes from gaming, and it comes from, okay, maybe we can put treasuries on chain, we can put real estate on chain, we can put credit on chain, like, and that based on, like, the direction of, you know, looking at CBDCs and how, um, demographically and culturally we're going towards digital assets.
Like, those are the things that make the most sense to me.
I would agree with you.
I would agree with you fully there.
Like, I think, like, the RWA thing, like, people are constantly searching for what is the use case of this space?
What is the use case?
Like, the use case is the liquidity of everything.
Like, that's what the use case of this space has always been.
Like, the use case has been finding liquidity instantly in a way that you cannot find in another market.
So, I do actually think that the RWA is the first, in my opinion, like, actually logical step forward of a full, um, admittance that what this space is, is we need to move towards a world where maybe this is going to be regulated at some point.
And the all, and in all likelihood, what this is going to be used in the future for is to exchange liquidity on products that in general you cannot exchange a liquidity for.
And this space is uniquely set up to actually find that.
So, what the use case of this space is probably going to look like is going to be continued speculation in the future.
But, like, what assets can we get in on the speculation?
And eventually through that, you probably find some market that is not absurdly up and down like, like, like, um, um, uh, uh, this one is.
But if you just look at, uh, DeFi, like, the steps forward in that are relatively shocking.
Like, if you were around that cycle and were heavily using, uh, uh, Uniswap and just blindly market buying stuff with 7% slippage, and then you go on, uh, uh, Jupiter or, uh, uh, token site.
Like a project is out there now and you're placing like limit orders and you can do leverage trading on there and you can like track a portfolio.
Like that is a, like a legitimately impressive step, step, step forward.
And it's like, that is what the purpose of this is.
This space is meant to find a liquid market for things that don't generally have it.
And, like, I, I do actually, like, so it's, it is a narrative that, look, like, to be clear, without regulations in this space, we are going to have another spectacular burnout.
Everyone should be ready for that.
But I also think we should be ready for, like, one last narrative driven bullshit run, um, where you actually see some steps forward and towards what this space will eventually be made up of.
Um, and so just, look, just as stupid as people are that tell you this space is going to have a use case now and it's useful now, I think you're equally as dumb to assume that in 15 years it actually won't.
Cause I do think it's finding its footing somewhat.
The problem is the footing still looks fucking stupid and we're in the middle of like the government essentially trying to shut it down.
And so, yeah, obviously the use cases are going to be speculative, edgy, like on like an edge case.
But if you look under the hood, like it's moving forward a bit and it's moving forward in a relatively impressive manner.
And as you've seen all these people that say build during the bear, build during the bear, it doesn't happen.
The space goes barren during, during the bear.
And we'll probably see some steps forward over the next year.
And you'll also probably see a lot of people that are like, if this token is worth $800 million and this token does the same thing, then this token should 100 X.
It's like, yeah, if I, if I deliver two packages to your door and then just figure out a way to deliver another billion, I could be Amazon.
Like all those arguments are going to come and they're going to be fucking stupid.
But I do think like RWAs are like a really important use case and narrative to watch because it fits in with what the space can currently do.
Now, on a side note, the legality of RWAs, gold maybe works, real estate maybe works, securities definitely don't fucking work, derivatives, you could have an argument for that.
So like the, like the basis for these to actually be adopted is simply not there.
It's not there at all.
But I do think you can speculate on steps forward in the industry.
And what else are you here for if you're not here to speculate on steps forward in the industry?
Yeah, I think, I think it gives you like two cycles to some extent, you know, like the way we've had in crypto, like the first cycle is always kind of like a speculative driven, like, you know, legal arbitrage kind of thing where, you know, you've got like RWAs that like people are offering RWAs that are super not compliant and our securities or whatever.
And then, you know, regulators take like a couple of years to basically catch up with that and put the hammer down.
And then they realize, oh, well, you know, actually this is kind of useful and, you know, we'd like to kind of take this, you know, make kind of, you know, take this underneath our umbrella and make it legal.
And then, you know, you know, the next cycle after that is, you know, basically taking these RWAs and these things and making, you know, JP Morgan and BlackRock and whatever start to go through these products as, you know, as like, you know, blockchain RWAs that, you know, they may not look, they may not look, they may look nothing like kind of like what the speculative version was previous.
But, you know, you know, that's kind of how I envision it working a little bit.
But, yeah, I think it is probably one of the use cases that actually does make sense along with like gaming as we were kind of talking about before.
So that aspect of it, just because traditional players have become much more apparent, like this cycle, not just like media, like they're actually in the game.
That makes RWA's narrative, even if it doesn't come to fruition, even that much more powerful.
That's my mindset of this cycle.
The institutional involvement starts to understand the utility of blockchain, the opportunity.
I mean, look at JP Morgan, like Onyx, like all this shit, like internally using it, like every biggest like asset manager coming to the table.
They're going to start to see outside of Bitcoin, like where blockchain fits into it.
They're probably not going to go to gaming.
They're probably going to go to a traditional asset environment where they can make money and it's more like in their wheelhouse.
Yeah, I think you can kind of like if we're lucky enough to get a cycle, right, I think you can kind of start to see the way that this is going to map out.
Right.
Like in the sense of look, there's going to be some devastating drop at some point here.
Right.
But like it probably like it probably comes when the ETF launches.
But it's possible that Bitcoin is high enough when the ETF launches that the reason no one buys it is because Bitcoin is high enough.
Right.
I think that you'll get a devastating drop.
I think you can.
What I love now is all these people that are like Solana is the future.
But it's like, dude, none of this stuff is useful.
It has no fucking customers.
None of this stuff has any adoption.
None of this stuff has anyone using it.
It doesn't matter if Solana is faster than ETH.
In the future, it might matter if it starts to try and compete with Visa.
But right now, when no one on the planet is going to fucking use it for anything except trading, none of this shit matters.
What matters is that ETH is the only other crypto in the entire space besides Bitcoin that has any argument at all publicly that it's not a security.
And so the narrative is obviously at some point going to shift.
ETH is going to get an ETF.
To anyone paying attention, the SEC has called out every fucking crypto on the planet as being a security except ETH and Bitcoin.
Right.
And so, like, all these people that are like saying, oh, it's not fast.
It's like, just shut the fuck up.
Like, none of that matters.
None of that matters.
No one uses this stuff for anything.
It's all the same exact people just fucking circle jerking using the same exact shit.
It doesn't matter.
So Ethereum will obviously have its time because that's going to be the next narrative that comes into play.
And then I think you're already seeing, like, you just want to be trading the new coins.
Right.
Like, everything is happening the same exact way because nothing has changed.
There's been no adoption.
There's been no use cases.
Regulation is coming and it's being attempted to fight.
And, like, I think what's going to happen is 2024 probably is a self-fulfilling prophecy because if you put a gun to my head, I think 2024 is actually amazing.
And then people start prepping for 2025, being like 2025 is going to be 2021.
And then everyone gets fucking annihilated in 2025.
Like, that's truly what I believe is going to actually happen.
And I think you probably get a one-year cycle because the reality is if 2024 actually does go up the way we expect, then the cycle basically started on Jan 1, 2023.
Right?
Like, and I don't think a lot of people want to accept that.
But if we do actually believe that 2024 goes up considerably, your two-year cycle is already in the making now.
And so, like, I just think there is a real FOMO play here.
Like, the rule at, like, hand is everyone in this space, right, if they're, like, new to it, just experienced how much it could go down.
But look how quickly people remember how much it can go up.
And, again, like, a lot of the signs out there that you generally look for, like, retail is still, like, a scarred puppy right now.
In fact, I think a lot of people in this space are a scarred puppy right now.
Like, they got absolutely destroyed.
And you're probably in a bad mindset right now.
If you sat through a two-year bear and, like, Bitcoin's now at $45,000 and threatening to go to, you know, 48, 50, 60 before an ETF launches, you're probably in a bad mindset.
And I just wouldn't underestimate, like, the FOMO aspect.
And I wouldn't underestimate the fact that, like, regulation is coming.
2025 is probably the year that it, like, starts to aggressively get passed.
And there's going to need to be a sprint to the exits.
Like, there is a feeling in the air of, like, one last hurrah of, like, bullshit that we've experienced before.
And so, I'd, like, again, I don't want to be – who knows?
I could be completely wrong.
2024 could be terrible.
This could be the end of the echo.
This could be an echo bubble.
And, you know, that could be the narrative.
And we all got duped in.
But I do feel like 2024 is going to be pretty strong.
I think there's a lot of short-term catalysts over the next 12 months.
And, like, because everything is playing out the exact same, like, just don't – don't overthink it.
Like, if you get another significant dip, like, you probably – you buy that dip pretty aggressively because the risk return is probably high.
So, like, I don't know.
Who knows?
We could be completely wrong.
But everything else has played out the exact same way.
Like, it doesn't matter if it was Mt. Gox or, you know, BitMEX or FTX.
It's all the same shit.
It's all the same exact thing.
Everyone has to get wiped out every few years and it doesn't matter what it is.
Like, FTX was a true wipeout moment.
That was a true wipeout moment.
A year later, like, the space is probably in a better place to go up than it was when FTX was around.
So, like, who knows?
I mean, I just – I just wouldn't overthink it if I were people.
But I could be wrong.
Who knows?
Yeah, I don't disagree with that.
I mean, it's a way different environment.
You've removed all the bad players.
Like, that's – that's the big part of it, right?
I think that's why Solana has been such a winner.
It's like, you remove every bad part of that equation.
You strip it out.
It went from $2.30 to, I don't know, $12, whatever it was.
Yet you still have a community who's building and, like, all these things going on.
And the one thing about crypto is, like, you can experience a bull market and the euphoria and understand that it's probably all vaporware.
And you need to sell on the way up or you're going to be a bag holder.
But when you experience a bear market, which could be two years, and you observe the behavior of Twitter, projects, you understand who has capital, who runs out of money, where the fully diluted valuations are versus circulating cap.
And how they've come back into par, and then who has money to withstand the bear, who has a product.
Like, you can start to understand the landscape of a lot of this stuff.
And so, you know, in terms of Solana, like, I said this before, like, it's gone up because it's –
it maintained a community, like, in, like, a crazy strong community.
And, like, good founders, and they stripped out every bad person in existence that was part of Solana.
So, is it going to be something going on in the future?
I don't know.
Is it going to be something going into 2024 as a narrative because of all these things and who knows what they have up their sleeve?
Yeah, totally.
Am I going to trade it?
Yes.
Do I understand that, like, there's not a real use case for crypto in any aspect or any form?
Yep.
And valuations get extremely inflated?
Yes, I do.
I understand that this is a casino.
It's a speculative environment.
I hope it becomes something someday, but we're not there yet.
And this is the same thing that happened probably two and a half years ago.
And how many more times can we do this?
I don't know because regulation is becoming a huge part of the equation, as Brett said.
Um, and, you know, the party only lasts for so long.
And since inception of when Bitcoin is actually coming to the equation and, like, what everything else has happened, like, it doesn't last forever.
Is it the last cycle?
Eh, I don't know.
Maybe there's another one.
Um, how long this can last?
I think the longevity of this cycle is very dependent on the ETF, uh, with Bitcoin.
And then that's going to extend into ETH.
And then does that extend into something else?
And then how does that translate on a rate cut basis with the Fed?
And, you know, where people start to allocate capital based on, um, uh, called finite resources, right?
Like looking at gold and Bitcoin right now is very interesting.
Um, I don't know.
I think crypto is in a really interesting spot, you know, my narrative or my thesis for Q4 has been like, it's going to outperform because just based on it underperforming for so long and AI tech being a huge trade, um, driving indices back up to like almost all time highs that you eventually get, um, a situation where people are
going to rotate capital into somewhat liquid markets, uh, Bitcoin, Ethereum, right?
And you have the halving and all the ETF news, attention economy, potentially ETH, ETF stuff, even though the Graciel thing was like, you know, delayed today.
But looking at three to six months, maybe longer, someone who made a bunch of money in tech and AI rotating it into this asset class, which has matured a lot, right?
So it's garnered institutional, uh, interest, then like people are going to look at, okay, where, where's the return, uh, potentially there, right?
And so it's set up like Q4 set up really well.
I think it's still setting up.
And I think, uh, next year going into ETF and happening and everything is a massive tailwind, um, that can still exist.
Can we go through dips?
A hundred percent.
I think the dips that you get right now are the ones that you buy.
Cause this is like inning one, um, not for Bitcoin and Ethereum, but for everything that plays catch up beta to the majors, uh, that's narrative driven.
And, you know, do people go on chain because of the Binance stuff and like all of these things with centralized exchanges?
It's going to be really interesting.
Um, if normies start to adopt like MetaMask and understanding how to use on chain things, because that's essentially like the ethos of crypto.
And so that would be in line with like why people come on board.
I don't know.
Um, it would be really great to see that.
Um, but I think we're just in for a really interesting 2024.
And, you know, the road into it might not be what people expect, but I think if you just have a time horizon of like, this is the potential that can happen.
Um, and if I position this way, like there's a lot of upside opportunity, this is not necessarily trading margin.
This is not like, this is like buying altcoins on chain coins, like where your upside is more than, you know, five, 10 X your, your position for like this huge move.
Um, I think, I think, I, I think in 2024, so like from a regulation standpoint, basically the U S government is going to shut down around like July.
Cause in, uh, uh, uh, presidential election year, that's generally what happens.
But I will say that I think in 2024, you're going to see not regulation, but you're going to see some, um, you're, you're going to see some rules passed that are probably going to fly under the radar a bit.
But in my opinion are going to be the beginning of the end of crypto as we know it now, and we'll begin its shift into what it could become.
I think that, um, depending on the outcome of the election, if you get a, a Republican win, it will definitely put some wind at the back of the industry.
But I do think that, um, like there, forget regulations, like rules are definitely coming into this space that are, in my opinion, going to probably eventually lead to DeFi having some kind of a, uh, KYC.
Like, I, I just think that is, that is apparent.
I don't know how long it's going to take, but you're going to see the groundwork laid out for that.
Those rules will not be implemented immediately, but I, like, again, so this all just kind of leads me to, once again, like, believe that 2024 just has this aura of, like, last hurrah attached to it.
I'm not saying crypto goes away.
I'm definitely not saying crypto dies, but I think this version of it, as you know it, um, 2024 will kind of be the beginning of the end for that.
And by 2027, it's going to look a lot different.
Um, and so again, like, I just, a lot of different thesis line up here, right?
Just timing of the market, um, rules that are like, like rules that are, that are going to come into place, like regs that are expected to come in at some point.
Um, and just like what we're currently seeing, seeing now.
So again, like who knows, I mean, I think you can be scared of whatever the down move is, it's going, going to come again, like just like everything's playing out the exact same way.
You know, there's going to be some devastating down, down move at some point.
No one knows where it's going to come from.
Um, but like, if you see that happen, right?
Like, instead of being scared, I think you just have to look at it and say, all right, everything's continuing to play out exactly as expected, even though it's like scary.
And so I don't know.
I mean, who knows?
It's like, I think this is a, this is a really fascinating space because the symmetry of information just could not be wider.
Like it is the most asymmetrical information.
Like, you know, there's just people out there that, that have way more information than anyone else else does.
And it's, it's not a space that like is particularly fair to everyone that's in it.
Bandwidth, bandwidth is the hardest thing to come by right now.
Yeah.
Because like you go on Twitter or like even in telegrams and they're just like, you think, you know, and then someone's like, dude, you've missed this.
It's like ordinals.
It's like, oh, fuck.
And then look at that.
Right.
And then it's like, boom, they go up 300%.
Right.
And so you catch yourself chasing all these things.
And so you have to come to terms with yourself that you're not going to get everything right.
Like it's impossible to capture the upside of everything.
Right.
Like you might get one thing.
Like, I think the big problem with this.
No, but you can jump around like you can continuously jump around.
So like if you have an idea in your mind, whether it be right or wrong, you just need to stay disciplined to like whatever thesis you have for the next three to six months as like this is what I think is going to happen.
Unless someone, you know, really closely and like they convince you.
But even in that regard, like the way people talk to you in this space is like even on Twitter, like I get the shit.
It's like, dude, did you buy this?
I'm like, no, I didn't buy this.
They're like, you went up 13x.
I'm like, I fucking missed it.
I didn't have the time of day to like research everything about this game.
And, you know, like I can't just like take your word for it on Twitter that like this is going to be the next 10x.
Like you have to develop an opinion for yourself and stay disciplined to that idea on, you know, quote unquote investment thesis.
But all of it comes on the heels of like the market environment and like where we are like to like a year ago would probably not have been that relevant because, you know, you're just, you know, everyone was depressed and whatever.
But it's also just like people in this space have like have to.
Like if you go into this market with the expectation that your goal is to like 150x your money, you're going to lose all your money.
You're going to lose it like really fast and you're going to have a horrible time.
I just think that like you're going to see a lot of posts of people that 150x their like money.
But remember to 150x your money, you know, you better have been in this space for a long time.
You better be providing important services to people that are in this space.
You better know a lot of people.
By the way, to hold through 150x, if it's not in like a week on chain, is kind of insane.
You're a fucking idiot.
Like you'd be an idiot to hold through 150x first off.
But like it's just like, you know, there was a time in life where like if someone was like I 3x my money in a year, you'd be fucking amazed.
So like I just think it's like, look, if you're coming into this space trying to turn $100 into a bazillion dollars, I don't know.
Maybe you actually have a better chance than somebody who's trying to turn $10,000 or $50,000 into a million bucks because those are the people that I worry about.
If you're trying to turn $10,000 into a million bucks, like you're listening to the wrong stories because it's like probably not going to happen.
But I don't know.
Like I do think it's realistic to like 5 to 10x your money in this space.
But like you just you just got to remember, like the whole point of this space is to literally convince you that you're going to 30 and 50 and 80x your money because the reality is that the people that are actually 20 and 30 and 80x their money are going to sell into your bids after you get a 1x or a 2x or a 30% gain or a 40% gain.
Because you've been trained to think that you need to 50x your money.
Like that's literally the entire purpose of this space is to eventually get people to actually capitulate into buying, expecting that they're going to make X's on their money, hand them a 20 to 30% gain and then kind of annihilate them.
Like that's basically the whole thing.
Well, bro, bro, bro, I appreciate the perspective.
But dude, we're like pumping the Valhalla at you like speak in Paris right now.
What are we doing right now?
I don't even know.
No, I'm just joking.
I was just like, it was like, it was like, all right.
I know.
It's all a scam, right?
I agree.
It's a big thing.
I agree.
But the thing is, is you can make so much money, dude.
I do think.
We know that.
We know that.
But if you do your work, like anything in life, you put in time, you develop your skills, you find the patterns and you find consistency and you get better at it.
And, you know, you have good intentions, you will, you know, the market will reward you.
Good intentions.
The market will reward you.
Of course, don't be greedy when it does.
But, no, man, like, it's like I've been doing crypto since like 17.
And, yeah, I used to have a mindset of like, I'm going to turn this into that.
And then it became different over time, right?
Much more relaxed and stressing over making losing money.
But you do, bro, like, like, literally, we saw tokens this week that literally ran up like 10 or 20x.
And, like, it's not like it just happened magically out of a scam.
There is people, whether it's smart money or stupid money, there's buys.
People are purchasing this stuff.
And if you speculate, when you have, like, kind of, like, mid to low caps, right, that's where you really do make your money in crypto versus, like, at this point with the larger caps and where they're at.
Like, you can, dude.
Like, am I saying you need to bank a whole family farm or take out a mortgage?
Absolutely not.
Because in an asset class where even small risk can turn into such a big reward, like, you do that a few times.
Like, over the course of a few years or a couple cycles, like, before you know it, like, you truly have, like, 10, 20, 30, 40 extra money in this asset class.
Like, you just have to stick around.
You know what I mean?
Right, but the point is that you don't, like, okay, so if you want 150x something, you can do that, like, seven times, right, to get that.
I don't think you need 150x seven times.
I think if you, like, compound over the years, yeah, over a couple cycles, a few cycles, I don't think it happens in one cycle.
I think it takes a few cycles, generally, is how it should work, given you're not going to win every trade, right?
You're spot on, Nexus, by the way.
But I also will say just, like, I'll listen to you talk.
You feel like a very emotionally regulated individual, right?
He's super chill.
He's, like, a therapeutic.
Yeah.
Like, you feel like someone who could sit back and, like, analyze the system.
And probably, like, but, like, I'm just saying, like, it's not that I tell people.
It's not, like, careful.
I think it's just, like, the longer I'm in this space, like, the more shocked I am by, like, how it ends with so many people.
It's just, like, the problem is that most people don't, like, get the chance to, I think, learn.
But, like, it really is, like, who you end up learning from in this space.
Like, you're right.
I guess if you stick around long enough, you have a very good chance to start learning from the right people.
But, again, like, my number one, like, the number one thing I can say to people is, like, the dumbest thing I ever see on this space is, like, when you see someone posting a chart or something and you're, like, fucking scammer, like, exit liquidity.
Like, instead of doing that, just, like, DM the person and be, like, they might not answer you.
Just be, like, hey, dude, like, I'm just wondering, like, you know, why you think that or, like, here's what I do for a living, like.
But I don't know.
I don't think anybody should be taking anyone else's trades without doing their own study and research into that asset.
It's not a trade.
It's just that it's not a trade.
Like, you don't take the trade.
Like, you just strike up a conversation.
Dude, Brett literally DM'd me, like, two years ago.
And I was, like, who the fuck is this guy?
It's a dog licking his face.
And then I got to meet Brett and, like, dude, he sold his company to Uber.
Like, he's, like, a real guy.
And it just happened to come into my DMs.
And we've had dinner together, like, eight times, like, in real life.
That's awesome.
You get to do it.
I mean, I just, like, I think if you, if you, like, reach out to someone, like, this, what I love about this space is, like, yeah.
If you DM, like, if you DM, like, I don't know.
But, like, for, like, the most part, like, people are pretty helpful in this space.
Like, a lot of people here are just, like, normal dudes that, like, made money pretty quick.
And they're, like, they're pretty often, like, down to chat or, like, I don't know.
Like, so it's just, like, there's so much, like, hostility in this space when, like, people should just, like, hit someone up and be, like, yo, dude.
Like, here's what I do for a living.
Like, I like your shit.
Like, let's chat.
You'd be surprised how many people will actually, like, strike the box.
You know, I don't know.
Like, and that's, that's how I ended up learning the space.
Like, I learned a lot from, like, ISO.
I, like, learned a lot from a bunch of other dudes that ended up, like, hitting up.
And I went from knowing literally fuck all to knowing, like, a good chunk about the space just from, like, nice dudes.
I don't know.
I think, like, what the next thing is, like, if you stick around the space, talk to the right guys, and, like, aren't a dick, like, you'd be surprised at, like, what you can learn.
And, like, the kind of information you get access to.
Yeah.
Who's Josh?
Because he's got a dog picture.
I think.
Yeah, he's got a dog picture.
Oh, yeah, yeah, yeah.
I know this guy.
Josh, you want to speak?
Yeah, sure.
How is everybody tonight?
Good.
How are you doing, man?
Doing well.
So, what are your thoughts on the current state of the crypto markets?
It's pretty interesting.
Honestly, I'm super fucking bullish right now.
Yeah.
Should be.
Should be.
I think people are scared to be bullish.
Well, with the potential for rates to be no longer hiked, it seems like the macro environment is going to be very favorable again.
So, we'll see.
Yeah, and you have all the tailwinds of crypto, too.
Yep.
Yeah.
I'm actually really bullish on kind of a controversial coin at the moment.
Which one?
Open exchange.
Oh, yeah.
Got a bag.
Yeah, I got a fat bag, too.
Dude, Suzu tweeted earlier.
Dude.
But I keep adding, man.
So, like, I mean, like, what is your realistic target on this thing?
I mean, I'm expecting it to get above 10 cents pretty soon, to be honest.
Pretty soon?
Yeah.
Interesting.
With Su out now, I think there's a high probability that it'll get a nice narrative going again.
It's like a dark night right now.
I talked with crypto ISO about this a little bit, too.
I think it's going to take a lot of patience.
But I do think, like, in terms of the dumbest narratives that exist, like, the concept of a dude blowing up a $4 billion hedge fund and then, like, a year later being, like, store your funds on my exchange is, like, top-notch crypto narrative.
So, I think it's going to take a lot of patience.
But I do feel like if people do, like, hold that thing for up to a year, at some point, something stupid will happen with it.
I think it'll be a fucking, like, roller coaster.
But it's, like, it's arguably one of the dumbest narratives in, like, financial history.
And so I feel like it's perfect for this space.
And so I'm actually also, like, I just have no timeline.
I have no short-term timeline on it.
I just have a feeling that at some point it's going to have its spotlight in, like, the stupid sun.
We're, uh, was pretty overweight, Ox, from, like, sub one.
And I was, like, uh, maybe we'll, maybe we'll not be as overweight.
Like, we, I don't know, I had a lot of Ox, like, a lot.
Um, I still have a fat bag.
But the Sue pump, like, when he essentially, like, did the Frientech thing, and then it retraced.
Um, I don't know.
I think it's in an uptrend still.
I think if we get the bull market, it goes probably back to all-time highs.
Um, everyone says it's going to a dollar.
That would be the most absurd thing in the world.
I don't think that's possible, uh, personally.
But, uh, I mean, stupider things have happened.
Yeah, that's why I'm just, like, I'm, I don't know.
Bro, we, we just sent PizzaCoin from frickin' eight cents to a dollar in 48 hours.
Yeah, but you don't have, you don't have bag holders on PizzaCoin.
There was, there was bag holders, bro, who bought it.
Like, 80 cents in this first drop.
Yeah, I remember.
Um, I can't remember.
Where, where's PizzaCoin right now?
Uh, it fuckin' is jumpin' out of this fuckin' rally, that's for sure.
Look, look, I already took my profits at 90-something, but it's now sitting at 50, 58.
Bro, I've been posting this chart for three straight weeks, man.
Like, cut from-
It doesn't matter.
Just DM me.
Don't post it.
I've literally, I've literally been posting this chart since fuckin', like, eight cents.
Alright, I got a fat bag of ox still.
I don't care.
It's, it's a hated rally trick.
You know what, dude?
I'm gonna say something stupid, but I'm bullish as fuck on Harry Potter again, by the way.
Like, I've seen it, and I've seen the right people be bullish on it, like, Ponzi and all
these people, and, uh, I'm wondering if I just need to throw money at this thing and not-
Look, if you're wrong, if you're wrong, it's gonna go back to two cents, and it's okay.
Just buy it there, because then it's gonna go to all-time high.
But, like-
What's the, where is it now?
Now it's sitting at, like, I think, 13, 15 cents or something.
13, where is this thing?
13 cents.
Okay, that's the truth.
So you're pretty close to, like, the highs, but the way it's set up based on time and the
way it's kind of moving the waves, I'm pretty sure we're about to go rip this thing to a
new high at least to, like, somewhere 30, 37 cents.
If we can not fail on the previous neckline or whatever, but I think it goes high.
There's better, there's better.
I think, no, no, no, no, no, no, no, I think it doesn't stop there, though, if that's not
your top, dude, I think, I think this thing's gonna go above a dollar, dude.
I think we get to at least a dollar, if not, like, four to five.
Like, it's so stupid sounding, but technically, it's only a technical process.
Five dollars?
Yeah, dude, it's technically possible, technically.
And the price is what right now?
It's 13 cents.
All right, so if I throw a 13, if I throw a 10 grand into this thing, you think it's going
to $5?
Dude, I'm not telling you to do anything, especially not up here.
But I'm just thinking what it's going to do.
I've been in, like, you know, man, from, like, fucking beginning of time on this thing,
and maybe I am stupid for holding 150 plus X on this, but I did take profits, and all I
did was rebuy a four cents, a little bit more here at eight.
And then if I'm wrong, whatever, you know, buy some more at two instead, cut my losses.
But it's only at $137 million market cap, and you talk about stupid shit going up for
no reason.
Like, Shiba Inu went to, what, $40 million?
Like, why?
Like, you know what I mean?
Yeah, that's fair.
That's fair.
I don't know.
Yeah, I don't know.
Avocado, do you have any in this, Shiba Inu?
Do you have any Harry Potter?
Not really, no.
I never got on board with that.
I mean, I've done plenty of other, like, memes and stuff, but not that one in particular.
Do you think it's done, or do you think it has legs?
I don't know.
I don't have much of an opinion on that one specifically.
I mean, it's kind of established itself.
It also has a lot of, you know, it has a pretty big market cap.
It has liquidity.
It has, like, a name.
So I don't think it's going anywhere.
It's just, you know, is it going to regain its all-time high?
I don't know.
I have no idea.
The ticker is called Bitcoin, dude.
If you want Bitcoin beta, this ticker is called Bitcoin, bro.
Like, it doesn't get any better.
That's the hilarious part, right?
But that's also the reason why it's never going to get on any exchange.
I know.
It's so funny.
But that's the reason it also won't, like, probably ever, like, crazy, crazy sell off,
dumb dumb.
Maybe slow, painfully, continuously or something, if that were the case.
But it's kind of like OG Bitcoin, man.
No pervs, nothings.
People buy it.
Like, no tax.
But, yeah, man, it's just a stupid speculative bet anyway.
There's more serious money to be paid.
But, um, speaking of, I think stocks and everything are primed to go to the all-time highs before
any of the year, man.
That's never, that's never been a, like, a non-situation for me.
Yeah.
You've been pretty bullish.
Dax is here.
Let's hear about this golden retriever.
He's got some treats.
I got some new Scooby snacks.
Nice.
What's up, man?
How you been?
Good.
Just watched the UNC Tar Heels get their ass beat.
That was fun.
Yeah.
Um, no, it wasn't.
But anyway, no, I'm just chilling here.
I am, uh, still focused on trad stuff.
And I think last time we talked, I said bonds were very bullish, and that has been the case.
Um, yep.
Since we talked.
I'm trying to think what else is on my mind.
Yeah, I mean, I think the Fed and all the, the central bankers, et cetera, are definitely
stimulating the hell out of things.
Um, more on, like, the, the back end.
Um, so I don't see any reason why all of this should stop anytime soon.
Um, I have been, like, curious to see if they're, like, is there going to be some type of retracement
with equities?
Because everything is just ripping.
And the shittiest stuff is ripping the most.
So, for example, like, the Russell, uh, DAX.
Um, so it's not surprising altcoins are doing really well as well.
Um, yeah, I don't, I don't think I have a lot to add on the crypto side, just because I haven't been, uh,
haven't been focused on that the last year or so.
Do you think there's a correlation between the Russell and altcoins?
Um, I don't know if it's, like, uh, like, real-time, uh, correlation, but I think definitely
there is correlation from what I've seen in the charts.
Um, it may be, there may be some lagged, there may be some, you know, time difference, but, uh,
uh, around the, I think altcoins started ripping about two weeks before Russell started ripping.
Um, and if you think about, like, assets on a, like, a scale, so, like, you know, really
conservative assets that are, like, safe on the far left and, like, really speculative assets
on the far right that are more volatile and seen as, like, risky and are more of, like,
signs of liquidity entering or exiting the market, I think altcoins and Russell, you know,
both fit that bill.
And, uh, they, they have that similarity.
So, yeah, I mean, I've seen that for sure.
I think, you know, alts were dead for a while and Russell was, you know, starting to hit fresh
lows and then all it's ripped and now Russell's ripping like crazy.
So, um, at least from, like, a futures perspective, not, not, you know, when it's, when it's lever
on the futures market, it's ripping like crazy.
Um, so, yeah, anyway, long, long answer, but in short, yes.
All right.
That's fair.
Um, yeah, what, what else?
You know, I don't, I don't have anything.
I, I feel like people who are one of my friends, Pepper, he's seems to be doing like a, a two
to 10 X like every other day with these small cap tiny coins.
Um, so I don't know if you guys are on that train or not, but it's watching from the sidelines
has been painful.
Cause I'm like, Oh, I mean, I'm happy for him and the folks are copy trading him, but it's
just like, Holy shit.
Uh, this is impressive.
And I don't know how much liquidity they're getting.
I don't know if they're putting in like 5,000 or 10,000 or 50,000.
My guess is it's quite small cause they're like 10 million and less, uh, market cap coins.
Um, but they just keep popping.
Uh, yeah, that's, so that's the thing right now is like, it's like, what's, you know, what's
the season?
Um, and how do you, uh, not become victim of, uh, like jumping from coin to coin.
Um, right.
So your friend who is doing that, like he's probably put in his time to figure out what
is what.
Yeah.
He's, he's got like, uh, he uses two or one or two like, uh, apps or not only if they're
apps, but I guess they technically they're applications and they assess a lot of different
on chain variables and, you know, talk, they like shows, it presents the risk and, uh, smart
money buyers, like in a, a concise enough way to kind of give it the go or no go.
So he's using a couple of tools, um, to play this game.
And, uh, I think that's, what's really enabling him to do that.
Um, yeah, so like, you know, he's put in the time, right?
It's not for sure.
Like the guys who make money and do these things and like, you know, and then they tell
people about it, right?
It's like, uh, they put in the time.
Like it's, it's, yeah, he's been, he's been looking at this for like two years.
Yeah.
It's not like they just like came across it.
Right.
Yeah, exactly.
Um, I think that's the most important thing for people to understand.
Um, yeah, yeah.
It's not random.
He's not like doing this.
Uh, he's been working on this for a couple of years and now it's just that now it's like
everything's lining up with his preparation.
Yeah.
So it's like, all right, cool.
You know, like, no, no, I'm happy for him, but I'm like, damn, I should have just like
dropped, I should have just dropped my shit and just copy traded him.
That would have been the smart thing.
And not having, not having to put any of the work in.
Yeah.
Literally want to follow down that path.
Yeah.
Great.
But understand that like you didn't do any of the work.
Um, and you're following in the footsteps of someone that like is smarter than you, um,
which is fine.
Like totally, you know, I get it.
Um, uh, by the way, I just bought seven Ethereum of dubs.
So anyone who doubts me, you know, I don't really care.
Uh, and I'll show you my transaction if you want, because the foot around this coin is stupid.
And these, these guys are doing the only thing that I've actually wished gaming for crypto has existed.
Like they've figured out a way to leverage all of traditional gaming.
And then they've figured out a way to incorporate gambling.
So not only have they put in payment rails for, uh, basically Venmo and PayPal, right?
So you're, you're incorporating a normie system without actually bringing them into crypto.
And you're leveraging the most, uh, robust, biggest gaming market ever from traditional gaming in terms of like Call of Duty, every sports game imaginable.
And you're not actually doing a crypto game.
And so I own a significant amount of dubs.
I'm just going to tell you that right now.
And I just bought seven Ethereum more and you can look at it on chain.
So, um, you know, at, I don't know, 45 million market cap, if you look at total addressable market of like where these guys are actually going based on what crypto gaming, gambling, and all this shit is going towards, it's, I mean, there's not too many people talking about these guys.
It's just probably because it's low float.
Um, but like, I don't know, this is the most, uh, straightforward play I've ever seen in crypto gaming that I've been waiting for.
Um, and I waited way too fucking long to buy the goddamn thing.
Chris Romano is a really good friend of mine.
Um, I met him during our PYR days.
Like, you know, he bought PYR a dollar.
I bought it at three.
Um, he's probably been the most, um, not influential, just, but like knowledgeable person on chain this year.
He told me to buy a little bit at, uh, you know, in January.
I didn't buy it.
That's fine.
Uh, he told me to buy dubs at like 80 cents.
Didn't buy it.
Um, so I just think we're in the, we're in the occasion.
And this doesn't mean that you need to buy this stuff.
I'm just telling you like what I think.
What is this?
What is this project from coin called?
Dubs.
D U B B Z.
D U B B Z.
Yeah.
They just, so these guys put their own money into the project.
Um, if you just step back and you look at like why this makes sense is because you're getting into crypto gaming, but you're not actually getting into any sort of layer one or on chain situation.
I've talked about this like a couple of times, but, uh, they, they basically are a revenue sharing token, um, that has the ability to tap into traditional, uh, normie finance payment rails, um, for people to gamble on existing games.
Like call of duty, like basically every single game that, uh, exists, which has the biggest amount of players.
And if you go back to, you know, when we all invested, invested in quotes, traded like crypto gaming last cycle, it was like, here's the total addressable market of crypto gamer, uh, of gamers.
And, you know, if you read through the press and everything, like traditional gamers were like, fuck crypto gaming.
And so you didn't have that migration and adoption that like every pitch deck essentially said like, Oh, we can capture this many people.
It's like, no, you can't because these guys are not willing to come over here.
It's now at the point where like, they, that they don't need to come over here.
You can still leverage the participation of these guys and those games, especially through like, you know, the, uh, growth of e-sports and gamble fly.
Let's call it that, um, even if it doesn't like, essentially, um, come out to like what you think that that is like a extremely powerful narrative in my mind of here.
The secret is like the gamble, the gamble, the gamble fly thing is huge.
Um, gaming is becoming huge.
So if you can create, um, a, uh, like two part narrative, essentially just like, you know, hybrid of something that offers both has partnerships with these people.
And then, um, essentially like SDKs in the future, things are going to be integrated into the games and like integrated into games in the sense of like, it's not integrated into games of like crypto games.
It's like existing games.
And so that is where all the pitch decks that said, like, these are the gamers that could come to crypto games.
Like, okay, well, like now you're actually getting this, this market and you're not necessarily getting the market of like those gamers, but you're getting the market of gambling and, uh, participation on those games.
And it's, and it's not like I need Solana, it's not like I need Ethereum, it's not like I need AVAX, it's, I need a traditional payment rail, which, you know, USDC has obviously been a huge part of this.
And so traditional payment rails, ease of use, and all of the existing gaming infrastructure, and no one's really talking about this because I just think they have a low float.
And like, I don't know, they're just kind of under the radar, um, is probably the biggest thing that I've seen, uh, in, in, in crypto gaming, that's like, not really brought to the forefront, because adoption comes from comfort.
And comfort comes from existing conditions.
And so if someone is used to using PayPal or Venmo and playing all these games and not having to come onto the crypto ecosystem, these guys have basically unlocked, like, how to onboard everyone and benefit from a crypto standpoint.
And it becomes a revenue sharing, um, token, which is a popular thing.
Um, but, you know, being a Dubs owner, you're going to capture the upside of all of that, what is, is basically what I just talked about.
And so whether it actually, you know, you make a lot of money on it, if you're going into the cycle and silly season, and like, this is a thing, you can bet that traditional, uh, markets and participants are going to buy into this idea.
And so, uh, yeah, there you go.
Do they have a, do they have a working product in, like, users?
Yeah, they do.
Yeah, they do.
Man, I got some Dubs tokens in my fucking wallet right now, baby.
Hey, Isa, just wanted to say, I'm going to get going.
Cheers, man.
Thanks always for having me.
You're always, you're always in the game, man.
I appreciate you, big dog.
Go Rangers.
Everyone have a good night.
Take care.
Take it easy, bro.
I just want to chime in before I head out.
Um, I agree with you 100% on the Dubs narrative.
I think, uh, the silly season is upon us here shortly.
Um, but I do have to zip out real quick.
Just want to pop up and, uh, back that 110%.
Like, I think that's where it's going.
Uh, I really do.
Uh, I don't have the biggest bag like you, but, um, we're getting there.
I mean, I don't, it's all relative, right?
Like big bags are relative, right?
Absolutely.
You're totally, totally correct on that.
Um, I, uh, I've been working towards that narrative in a while, um, when it comes to that.
Uh, so yeah, absolutely.
I've been following you for a while.
Um, you know, the entire thing, uh, the gamble five, I think, you know, that's, that's where it's going.
In my opinion.
I think so.
So I'm going to, I'm going to go, uh, guys.
Very good to have me up.
I appreciate it.
Enjoy the rest of space.
Thank you for having me up.
Appreciate it.
Yep.
Thanks, man.
Look, you basically are in a situation in my mind to where if you've been in the game, and this doesn't mean that like, you know, it's an insult or like putting you down, but understanding cycles and how Bitcoin works and how Ethereum works and how Alcorn works.
And like, in particular, it's a way, um, crypto has essentially adopted looking at macro, which I think is a very healthy thing.
Like coming into this space in 2019, no one ever looked at any of this stuff.
And so now that they are like, it's good.
I think it's a testament to where crypto has gotten, um, and market participants who survive here and look at like, you know, asset classes against each other.
Traditional, um, versus digital, uh, is good, um, and it's maturing, but I do think there's always going to be like a casino mindset and opportunity, um, amongst the degenerates who congregate here, who have been here for a while.
Um, um, how long it lasts, I don't know, but it's still here, there's opportunity.
And so, you know, these spaces are one way to like, kind of create awareness.
I don't know, my Twitter is also a way to create awareness.
Um, but yeah, I mean, I don't, I don't know what's going on at every point in time.
And like, you know, uh, Ponzi was up here for a little bit.
I mean, you got Trader Koala up here too.
Um, and even Nexus, like, dude, those guys know shit that I don't know.
I can't pay attention to.
And so thinking that you're going to know everything that's going on right now is like the biggest mistake.
If you can just focus on a couple of things and find groups that you trust and, you know, trust in quotes, uh, like kind of powwow with and just realize like where, where opportunity is or where momentum goes.
Like, you can make a lot of money in this space.
Um, and you don't need to be able to do calculus.
That's the cool thing about this is like, it's a social momentum driven game.
Um, and if you can find like the right niche or people, like I've seen it, like people's lives have changed.
Like I put someone in Axie and he bought a house and a car.
He has a family and it's like, dude, I didn't hold that.
But like, I am so glad for you.
Uh, so there's just like all sorts of instances in that regard.
And, uh, a lot of people on these spaces I've known for pretty long time.
Um, some of them met in person, some just like we DM, but we just have like mutual understandings of, uh, each other's opinions.
And it's important to just have a soundboard.
I guess I would say that's like a, that's like a big part of it.
Um, I would agree, man.
I mean, I think the good thing about this space is like, there's a, a dwindling amount of places where you can actually make life, life, life changing money.
And like, you know, anyone that's been in this space for a while, like it really is not luck.
Like you have to stick around for a long time.
You have to stick around during like really depressing downturns where it's like embarrassing to look someone in the face and tell them that you're in this space.
Um, but like if you, if you, um, uh, uh, stick around and like make, make friends with the right people and just commit yourself to trying to learn, like there's absolutely not a better space on the planet to potentially make not just life, life changing money, but money that can like help you out a ton.
Right.
So like, I mean, and who knows if we're, uh, uh, lucky knock on, knock on wood, maybe we get another shot at it again.
And so who knows?
No, I think we will.
I mean, I've been in here for a while.
It's continued to repeat itself.
We'll see.
I don't know.
We'll see.
Uh, Oh man.
Trader Kowal, you want to come up?
Dude, you are a good friend and, uh, we'll see.
Modo, do you want to come up?
I'm going to pour one more main beer and then we're going to call.
So we'll see how that transpires.
Oh, yo, can you hear me?
Hey man.
What's up, brother?
How's it going?
Good, man.
How are you?
I'm good.
I am living life.
Dude.
Yes.
That's pretty awesome.
Um, I, yeah, I mean, everything's just popping.
I did not, I popped in late.
I hopped on late.
So like, I just heard about the whole dubs thing.
I'm going to check it out.
It sounds super interesting.
I'll send you the transaction.
Uh, if people don't believe me.
No, I, I believe you.
Um, yeah, man.
But, uh, I'm waiting for, waiting for chat GPT five to do something.
Oh, go be that guy that's available with something else.
Okay.
So here's the thing about like all the, the mean things, right?
It's like, am I going to put seven Ethereum into go be?
Am I going to put one or maybe 0.5?
Yeah, sure.
Or like, I'm, I'm going to play all these lottery tickets and, uh, you know, you go on
the telegram and you just, you, you play the game.
Right.
And it's like, if it works, it works.
If it doesn't, it doesn't like that.
That's the thing to me of like, I'm not, I'm not like hell bent on like losing that money.
Um, I'll, I'll play lottery tickets basically.
Yeah.
That, that's how I treat all these things.
Honestly, like any, any of the on-chain stuff, especially if it's just like, you know, it
sounds cool.
And I think we're honestly like in that part of the cycle, I thought it was actually a
pretty good idea.
Oh, same, same.
And I think now we're in that part of the cycle where you literally just need to like,
we seriously left curve it.
Like, does it sound like a cool coin?
Yes.
Okay.
Bye.
Like, yeah.
So I'm going to hold that away in case anything comes out news wise and you just sit there
and you're like, well, this worked, you know?
Like, Oh yeah.
I'm not selling it.
It's like, you know, for me, it's like, Hey, does this ticker like, does this ticker like
sound cool?
You know, can it be a meme?
Then if those things are true, then I'm just going to buy it.
Yeah.
It's like ETF.
Exactly.
I don't know.
I bought five grand of the thing at eight cents.
I'm like, all right.
It went up a lot.
I didn't sell it.
I was like, as you come back into the ETF news flow, maybe in January, then maybe it goes
up, right?
Like I've seen weird meme coins just like die and then rip.
And so every time I've sold something, it's gone up.
Like I sold tensorians at 30 soul and they went to 60 and I was like, Oh geez, God damn it.
But, you know, I rotated them into something else.
Like you can only sit here and like, you know, kick yourself in the ass so many times.
This market is relentless, but like every time I sell something, like it just goes up.
So, I don't know, I have like 50 pandas.
I went on vacation last week and I listed my non, and I'll just tell you right now, I sold pandas.
I listed the non-Genesis pandas that I had.
I was like, I'll put them on a wallet and like whatever.
And they, I made like 20 grand selling like three pandas.
That was my initial on the whole fucking goddamn investment.
Wow.
And I was like, well, it was like a, I was like, all right, I'm going away.
Uh, penguins look pretty good.
So, I don't know, maybe there's a pandas pump coming on like, you know, whatever, ETH is X dollars.
If, if I sell, if I list these that are non-Genesis pandas that like are just like kind of eh.
And, uh, I'll just put them at like, it was like 1.69 to like three ETHs.
And, uh, during the sweep, they got flipped.
And I was like, whoa, I just made like 21 grand doing nothing.
Uh, and that was close to my initial cost of like all of, um, my investment in the pandas.
I was like, this is sick.
Like, this is great.
Like, I don't feel guilty at all.
Like, I did a good job promoting these guys.
Like, and I still have a ton.
Um, and so it was great.
And then like, I had sold my soul stuff earlier because soul ripped and it was $60, uh, fucking coin.
And these things were like 30.
I bought them at, I don't know, nine.
Um, and then it went to 60.
And it's like, uh, you'll never know when you're, it's impossible to guess the top.
Right.
Profit is profit.
I think that's the most important thing.
Um, the thing about crypto is like when you're in cycles, you actually just need to hold.
Like, you just need to hold stuff.
And lesson learned, there would have been like $100,000 worth of fucking Tensorians versus 30s.
But I don't necessarily regret it.
It's just like a, all right, you know, whatever.
I've never been good at trading NFTs.
Like, it's a very difficult thing.
Um, but, you know, I bought them for 10, 3X, fine.
Cool.
Could you, nine?
Yeah.
I still have a ton of pandas though.
So it's like, eh, you just have, you know, you count your chickens where they are.
Um, I'm traditionally a trader and so that's where my bread and butter is, uh, mostly, but
yeah, it's like a really interesting time in the sense of the returns you can make in
very, uh, interesting sectors.
Let's call it that.
I was going to add to that a little bit if, if I, if I could, um, yeah, I went back this
week on, on those pandas.
Who's that?
Magoo?
You're talking about the, um, Game Pie pandas, correct?
Yeah.
Yeah.
So when he swept the floor on those things, like nobody could have known when that was
happening.
I mean, maybe a few people possibly, but man, like, like you said, you would have been
going to hold them three X extra nine, 10 X possibly, but.
Tentorians or pandas?
The pandas.
You were talking about the pandas, right?
Correct?
Uh, the sensorians went up a lot more.
The pandas, uh, they did two X.
Yeah.
It was about two X.
Yeah.
That's, that's right.
That's what I was thinking.
I was just making sure I was, uh, hearing, hearing what you said.
I just popped back in for a little bit.
So, um, but yeah, no, I, I, I, I do agree.
It's like, you can't, you never, you never really know when, um, you know, something
like that.
I mean, incredible project, you know, and you know, I've, I've been there for the last
year, honestly, when it comes to that.
Um, but it's, it's just insane to say, like, you know, like you said, like you can't, you
can't time it, you know, like great projects.
I feel like the minute I want to sell something, it goes up.
It's like, I wanted to sell all of my ox today and I was, nope.
And then look at, look at it now.
Like literally look at it now.
Well, yeah, you, you drop a bit in the bucket and then it just runs, right?
Like, you're like, oh yeah, I'm going to sprinkle a little bit on that side.
It's like, oh, I'm going to, you know, like, oh, I'm act like you're going to sell and the
thing's going to run, you know?
It's insane.
So yeah, I totally, I totally feel you on that.
But like, when it, when it comes to that, that project, like I, I, I am a really, real,
I, I, you know, not, not to, you know, get, get too like on board on anything, but like
pandas are one of my favorite, you know, like what they're doing is, is really fun to me,
you know, like the whole, the whole, um, you know, like integration when it comes to,
you know, moving, moving to, um, I've, I've actually been to a few of the events and it's,
it's, it's pretty cool what they're doing there.
What's that?
Are you going to pandemonium?
No, I, uh, had a buddy that went, um, last year and, uh, I wasn't able to make it, uh,
I had an issue with, uh, my mom, um, you know, so I was there taking care of her, but, um,
man, he, he was like, man, you should have been able to make it like, and he said it was
really, really incredible, you know, and I had a few other friends that were there and obviously
like everybody saw, you know, on Twitter, um, you know, X or whatever, like what they did and
like, it was, it's pretty cool. Like, that's one of the first things that I've ever seen,
like a real, you know, kind of connection between, you know, what we're doing here and then there
in a sense, if that makes any, uh, you know, connection.
So the most interesting thing about pandas to me outside of everything that they describe
is if you just dumb down the founder, okay. The guy's made all the money that he needs
outside of crypto. And so it's a passion project for him. And so he's made all the money. He's got a
family. It seems like he's in a good spot. He spends all his time on something and all of the
time that he spends is just an extension of who he is. So whether it's partying, whether it's UFC,
whether it's gambling, like, uh, you know, whatever it is, like it's second nature to him. And so
if someone is just an extension of their business, because that is what organically works,
that's probably one of the best things to invest into because that person is going to wake up and
that's going to be their sole focus every single day. And so ice bags, you know, whether you believe
it or not, like I know all his fucking friends, like I've known them forever. Um, I know the
we tards. I know all those guys when he decided to take over the pandas and his vision was obviously
the first day that I bought in. Um, I was like, all right, well, this guy like is not an NFT like
owner that needs to mint and make money. Yeah. He took a long time to mint out. He was just like,
I have a vision. Like this is my shit. He's not, he's not trying to mint NFTs to make money. It's
like, like you said, it's a passion project. Like, I mean, I party with him in my hometown,
like, you know, like shit, man, he's, Oh, you have. Yeah. Yeah, absolutely. For sure. And that's
the thing. Like I, that's what I was saying that, like, I'm not trying to like, you know,
fucking shield the pandas or whatever, but like, it's, it's a cool thing, you know?
Yeah. No, there's no chilling. There's, it's just like a cool thing. And they create revenue. So
it's like, it's a business. Correct. Yeah, absolutely. So I think like you were, you were
speaking about Gamblefy before, you know, and, and the, what they're doing in a sense,
like when it comes to being able to like play and, and actually, you know, do, um, the games,
like, you know, the, the poker games and all that kind of shit is, is really cool. It's really
fucking cool. You know, like you can actually, you know, come from, from here and then actually,
do that. And it's really fun for sure. Absolutely. Yeah, I agree. I agree. It's pretty cool. Like
it's different, you know? Um, it's like you said, it's not a money, a money grab or money thing. Like
it's, it's a, it's a passion project. Absolutely. For sure. I just, I just think it's, it's pretty
unique. Yeah, it's cool. And that's why I subscribe to it. And like, I don't know, I like bags. I think
it's just a good dude. Yeah, absolutely. He is. He's a great guy. Like, I mean, I only
have a few pandas. Um, you know, like you said, he bought in when it, um, you know, first,
when he first took over the project and, you know, I, I grabbed a couple of pandas about
a year ago, you know, but, but yeah, it's, it's a cool thing. I think it's different. I hope
that's kind of everything, you know, because us from just this to like, um, maybe, maybe
we, uh, play a card game together at some point or something like that in a sense, you
know, it's, it's, it's, it's pretty interesting, um, you know, and then, uh, you know, maybe,
maybe something even more than that, you know, um, when, when it comes to that, uh, but it's,
it's pretty cool. I think it's pretty cool. Honestly.
Yeah, no, he's a good guy. I mean, I don't know. You can invest in people, um, you know,
in quotes, let's call it that, uh, in crypto in particular, but, uh, yeah, no, he's, I don't
know. I've known him two years now. He's a good guy.
Yeah. I, I definitely, I think it's just something different, right? Like,
where like, you know, not a lot of people, everybody hides behind, like, kind of like,
uh, you know, like, um, like a, like a Twitter handle in a sense or whatever, whatever they
do. But then, you know, somebody's coming out saying like, Hey, it's not about that.
Like, Hey, like, if you want to come to these events and do this, you know, like you come
on, here we go. You know, we're here kind of thing. You know, it's, it's pretty fun.
You know, like, like I said, I, I didn't go to pandemonium, but, um, I like to go this
year. You know, it'd be pretty, pretty fun. Like I definitely, I'm going to be silly, but
I mean, I want to go, but, uh, yeah, that'll be pretty sweet.
Um, well, no, I, I like, I know, I know there's, it's just totally, totally different spaces
on anything else. I just want to bring that, bring that up since you mentioned the game
will find everything. Um, but no, dude, it's all good. You're, you, you are, you were fine.
No, I, I just think it's, I think it's a cool thing, you know, like not a lot of other people
are doing that, you know, and I know you mentioned that. So I just want to, you know, pop in and
say that. Yep. I got your brother. I appreciate it. Can you post, post some footage of, uh,
pandemonium? I haven't been, I haven't been my, my buddy went, I didn't get to make it this
last year. Like I said, my mom, my mom, I was taking care of her. Um, but, but I hope
to make it this next year. My friend and, uh, his girlfriend were there and they said it
was just a fucking time. They were having, having a great time. So I don't have any,
uh, footage of it, but, um, I do have some footage, um, from, uh, from some of the boats
stuff. So I can, I can throw that up there if you want. Wait, what was that one? I said
I wasn't able to make it a pandemonium, but I can throw some, uh, some boat stuff up if
you'd like. Yeah. I'm actually nervous to go to pandemonium. It's a, it's a bit wild
from what I've heard, man, to be honest. I, I, I like to send a bit and, um, I, I feel
like I'm, I'm a bit under, uh, under, you know, I'm a sender. So I don't know. I'm older
than a lot of these guys too. So that's also where, dude, that's a bit older, man. I don't
know if he's older than who you are, bro. He's not, but, uh, he probably, yeah, he probably
is, but like, I don't know. We're probably comparable, but he's also on another level.
Dude, the guy's an animal from what I've heard. Um, I haven't, I haven't partied with him too
much, but I will say, uh, you know, apparently, apparently he's a fucking full sender. So, so
I don't know. We'll, we'll, we'll see, like, we'll, we'll see how it goes this year. I'll
definitely be there. Yep. I hear you. I hear you. Hey, uh, I'm going to, I'm going to step
out, but, um, you guys have the good rest of the night. I appreciate it. Thanks, man.
It's good stuff. Absolutely. For sure.
All right. I got one more beer. What are we talking about? Everyone's probably asleep.
Are you guys actually asleep?
I think we all are, dude. Just like, this is no sleep season.
It's only 1230.
Oh, I know. I know. I'm just saying, you know, you can't sleep at this market.
It's everybody's probably just like exhausted from chasing.
Yeah.
That's fair.
I think I sat down on my computer at 730 today, uh, with a break from the gym.
Well, you don't ever sleep avocado.
You're an on chain, like a ghost. You just, you.
730 in the morning and now you're here.
Yeah. Yeah.
No way.
Yeah. I mean, I went to the gym. I took a walk.
Oh, that's when I called you.
Yeah, exactly.
It was like 20 minutes.
There may be one hour outside.
Uh, shit. We gotta go to dinner then soon to get you out.
Yeah, cool.
All right. Well, if anyone else wants to come up and talk, then, um, if not.
Oh, just want to chime in one more time before I head out.
Should I send some of the, um, should I send some of the silly boat pictures from, from the thing?
Can I post them up in the thing?
Uh, what's that? Like, I actually don't really know how all the posting works and stuff.
I don't either. I'm not a big, um, spaces kind of guy. I, I, actually.
What's silly butt?
No, the boat, the boat, the boat shots, um, from, uh, from the bags deal.
Like, we went on the boat one day and I was gonna send some panda, panda posts.
Oh my God. Not with Bob Laxatives.
What's that?
With Bob Laxatives?
No, no, no. He's not in there.
Oh, that was last cycle.
It was first?
Correct, correct. Yep, yep.
It was, it was tough, but we'll, we'll leave it for it next, uh, we'll leave it for next time. Absolutely.
All right, Magoo.
I think everybody's, um, I think everybody's doing that anyways.
I'm gonna follow you.
All right, um, if you guys are cool, um, do you want to call it?
And, you know, we'll do this another time.
I just wanted to get everyone together.
I don't know.
I think it's an interesting time.
Good people.
I'm gonna stop.
I appreciate it.
I appreciate it, buddy.
I'll, I'll, I'll, I'll take you later.
Thanks.
Thanks for letting me come up here too.
Also Crypto.
Take care, everybody.
And good luck, everybody, too.
Always, man.
All right.
Thanks, ISO.
All right.
Take care, guys.
Bye-bye.
All right.
Sounds like we're signing off.
Avocado, you good?
I'm good.
I'm good.
We'll, we'll do it again.
All right.
This was fun.
Short-lived.
Uh, good to get everyone back into gear.
Um, yeah.
Buy dubs.
I bought a lot of it.
All right.
I'll catch you guys later.
Peace.
Okay.
Peace.
Peace.
