FOMO HOUR: FRIDAY, another lovely day in the chop + rollbit spins

Recorded: Aug. 16, 2024 Duration: 0:52:39
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I am unmuted now, though.
I am unmuted now, though, so be careful
what you're saying. The lads are having
a conversation about hormonal
changes in men after they have children
for the people who are curious about that.
I'm actually curious to hear your thoughts
here in the audience. Let us know if
you're a dad.
Did you get fat after
becoming a father? That's
today's agree or disagree
question on the show. It's
me and three dads here in the studio.
Anyways, let me get everybody on stage.
We got Obi with us today, too.
Hold on. For some reason, I'm sure we get the speakers
here. Let me try it.
Oh, shit. Okay. So this works for you,
I've seen as a listener. Yeah.
Just the radio thing is running, then.
It's fine. I'll figure it out.
What up? What up, an idiot? What up,
Hefner? What's up, Normandy? What up,
Brian? What up, BLA?
Mark? What up, Lash? What up, Rel?
Lady Ape? What's up, Lay? What's up,
Anfex? Let me, JG? What up? What up?
What up, Bryony Burst? What up, everyone? It is
Robit Lootbox Spin Day. You know what to do, everyone.
You already know what to do. Get those
retweets going. We're going to pick two people from the
audience. Maybe we do something fun
with Ovi and the Red Guys. I don't know. I'll think
about it during the hour of the show, and then we'll figure it out.
There's a bunch of Red Guys in there, actually.
Anyways, kick it, Tabs!
We'll be right back.
We'll be right back.
Yo, yo, yo! What up?
What up? Good morning, good morning,
Friday! Woo!
People are losing
the stream of the chat.
August 16,
Look at that.
Another beautiful day to have
a beautiful day. I got my
I got a lot of them!
And I was like, oh, what are you drinking out there?
We got Ovi, Mando, Tyler!
Ovi, I mean,
I'm from my coffee, but what are you having out there?
Just a Prosecco.
What's wrong with the Prosecco?
The Euro life is just so nice.
Just casually drinking a Prosecco.
Well, it is...
No, no, no.
This is not Europe.
Ovi is sitting there
in London in the grey.
I don't think I've seen anyone
drinking Prosecco.
It's sunny outside.
Well, first of all, Tyler,
he's not 9 a.m. for him,
so he's okay, right?
It's 9 p.m.
But second of all,
why I left the Prosecco
is because you're having the Prosecco
and the hormonal change conversation
before that.
So the Prosecco mix
with that conversation is kind of...
I don't know why.
Anyways, sorry.
That was so funny.
I got to pose a question
right off the bat for people.
He's not a drunk dad.
He's a happy dad.
That's not an ad
for the other brand.
But anyways,
question for the people
in the audience.
We have a lot of dads
that listen to our show, actually.
I realize, like,
I'm old, man.
Everybody around me
has either got married,
I'm behind.
I'm behind on life,
if you are a newly father
or you have had a child,
question for y'all.
Have you guys experienced
hormonal changes
that made you fat?
That's question of the day
to open the show.
we have surveyed
three fathers,
OSF, Mando, and Tyler,
who have all confirmed it.
But I don't know
if it's excuses
or it's real.
I wouldn't know myself.
So I can't really
partake in this poll.
But anyways,
Ovi, Mando, Tyler,
good morning.
How are you guys doing today?
Great, man.
How are you?
We're vibing,
having a little coffee
this morning.
It is Friday.
Market is bipolar,
whatever you want to call it.
There you go.
Answer's already coming in.
See, that was quick.
You asked me.
Let's see.
Mark Metaverse.
Mark Metaverse said,
eight-month-old baby girl,
tonal plus Peloton
keeping this bod
non-dad bod.
Well, there you go.
Some alpha for you.
Some alpha for you.
Well, you can do it.
It just feels like
it's a little harder, perhaps.
A lot harder.
I've got a dad update.
So, my son,
today's his last day
at his first daycare.
He's been going
for over four and a half years now.
Love that.
It's his last day
and he's going to be
going off to kindergarten
here in a couple of weeks.
Somewhat of a special day here
in the Tyler D house.
I love that.
I love the Tyler D household
updates, honestly.
They're fun.
They're a lot of fun.
We should make a segment for them.
I'd love to have them.
that was the show today.
Today, what do we got?
We got Market Report as usual.
We're going to hear all about that.
Ovi, we're going to have to go out
and talk about all these figures
and numbers, man.
I don't even know
who to trust anymore.
I don't know what's going on.
Zoran is calling for $33.333K.
Trader EZ is calling for $20,000.
My favorite trader,
Keyboard Monkey,
is up and down
and up and down and up again.
I need you guys
to bring some clarity
to the show this morning
and let me know
if we're going to pump
as it's full moon on Monday.
Tyler is top 100.
Let's see what Tyler
has in store for us today
for his topics.
And then last but not least,
it's Robit Day.
Robit spins today, baby.
And I have put some,
in honor of the red guys
actually pumping 2X
since I think
like the last three days,
we've put some nice red guys
in the mix.
We have a golden girl.
We have an ice red guy.
We have an RLD.
We have a bunch of
five red guys in there.
So I hope that the 50 plus people
that won the red guys
on the show
because you're looking pretty good.
Why wouldn't they?
Of course they did.
Of course they did.
Why would you ever dump it?
Yeah, why would you ever
sell it to a blurbit?
Like, nobody does that, right?
So anyways,
and it's true,
Mando is not wearing
so the market will probably
dump today.
But the EPL does start
and hopefully,
we get a good start
of the season
for the lads.
where's this thing again?
Let's see what you got today.
So I'm back.
Yesterday was actually
a holiday in Portugal.
Thank you for understanding.
It's actually a holiday.
What I love about
Portuguese holidays
is like...
Is that no one else
knows the point they are?
The US holidays
and the UK holidays
are normally on a Monday, right?
So it's like,
oh, you get a long weekend.
And what I've realized
since coming to Portugal
is we've just been
screwed by that.
Like, they'll just put
the holiday on like
the Wednesday
and then you have
the whole week off, right?
People are just like,
oh, I'll take the Monday,
Tuesday off
and then I'll take
the Thursday, Friday off
because no one will be there
for the Monday or Tuesday.
So this holiday
was randomly on a Thursday
as a lot of them are.
And that meant
that people just took...
They basically just take off
the next like week.
So it's pretty incredible
how they do holidays here.
Anyway, that was a holiday
which is why I was out.
It looked like we hit
about 56k yesterday.
Everyone getting pretty depressed.
It felt like...
We recovered slightly.
I think we rallied back
to around 59k
and now we're hanging out at 58k.
Bitcoin hit a death cross,
they call it,
on the weekly,
which is why a lot of
technical traders
are suddenly saying
we're going to like zero.
But that has a very mixed response
about what actually happens.
It can be the start of the trend.
It can be absolutely nothing.
Solana is back at 140.
Beef is hanging out
just below 2,600.
Solana's underperformance
slightly came to an end.
It feels like they're all
kind of tracking each other
lower at the moment.
Bitcoin may be slightly
outperforming.
Meme coins continuing
to bleed really,
particularly the major ones.
It feels very PVP
out there at the moment.
I think GIGO is the only
meme coin in like the top 50,
which is higher today.
So definitely feels like
memes are being hurt slightly.
What we are seeing is
DeFi come back a little bit.
So if you've been looking
in the last week,
all the major DeFi coins
are higher.
Partly this is due
with the fee switch.
And partly this is actually
just to do with more
going on in DeFi.
Suddenly DeFi,
number of loans has hit,
or number of borrowers
at least has hit
an all-time high
on things like Aave.
and you start to see
TVL start to track
closer up towards
the levels that we saw
in like 2021-22 areas.
So DeFi is seemingly
where people are
degening a little bit
more at the moment,
but in general,
it feels like the timeline
doesn't want to buy
into those stories
like crazily either.
So I think people
are just getting
a little bit depressed.
That's the general
sense of it.
we had another
strong day that yesterday.
It's going to be
actually one of the
strongest week.
I think it's going to be
the strongest week
for stocks in nine months.
like we had a really
big rebound.
The NASDAQ
is basically,
recovered a lot of
those recent losses.
That was after
retail sales
came in relatively strong,
which was another
after the jobless figures
slightly earlier in the week
that we're not heading
to a hard landing
and that was enough
to get everyone
bulled up.
But the moment
macro started rallying,
crypto started selling off
and that kind of
freaks people out
a little bit,
So what's going on?
Is it over?
Are we going to 25k next?
It's never over.
It's never over.
It's just one of these chops.
That's what I think.
we got you today.
We had some big figures
this week, right?
a bunch of stuff.
You know what?
It's very rare
that we get
triple jingle days.
So let's go to Ovi here
and see what he thinks
of the market.
Daily Market Report.
Brought to you
by Rub Radio.
What's the word?
I respect that you still
have my jingle
and you haven't just
like binned it.
No, never.
Yeah, look,
all the economic data
was pretty good.
It was good for risk assets.
inflation,
come in below
expectations
on the headline numbers.
You had retail sales
have a huge beat
versus expectations.
So what does that tell you?
It tells you
inflation is still
trending lower
but it tells you
the US economy
remains very strong
which increases
the probability
of a soft landing
which is that
the Fed was able
to get down
without significantly
the economy
sending it
into a recession.
So for risk assets
the data this week
is extremely
extremely good
and we've seen
it play through
as Michael said
stocks have had
one of the best
weeks they've had
in a while
interest rates
are a lot lower.
Risk is rallying
in trap markets.
crypto that seems
to yet again
be stuck in the mud
and significantly
underperforming
traditional markets
I feel like
it's technical things
people are talking
about the US
government Bitcoin
the Mt. Gots
distributions
we've had all
the jump selling
there's just
sell pressures
and not only
but also Bitcoin
and probably
FCX estate stuff
and other things
like Solana
There's just tons
of sell pressure
and it seems
like we haven't
the retail influx
and we've had
some ETF infos
but it hasn't
been as huge
and as persistent
as we would have
and because
some tech stocks
have done so well
stuff like NVIDIA
and the whole AI bubble
people haven't felt
the need to
or switch to crypto
to chase those
like extra returns
and that's just
where we are right now
and I don't know
I feel like crypto
can continue to
underperform
TradFi for a bit here
it's like what's the
big positive
casters for crypto
other than like
Trump winning
and obviously Trump
has now fallen
massively behind
in the elections
and even if he did win
we don't know
what things he's
actually able to implement
and how soon
he's able to implement them
so it's almost
like the landscape
having been like
so bullish
it's just like
being flipped on its head
once again
because of these
technical sell pressures
and also because
the politics
in the wrong direction
that we wanted
for crypto
but you know
like when everything
feels shit
and everything feels bad
that's the time
you're supposed to be buying
and I think if
what you have to remember
now is we're going
to go through
month after month
after month
of rate cuts
the Fed base rates
to 550 basis points
that's like
a ton of rate cuts
that the Fed
is able to do
over the next
year or two
if they need to
we're in rate cut season
now we will be
from next month
and that does change
the way the market behaves
and the market reacts
and the psychology
of the market
so there's a hope there
that you know
we get crypto
going again
but you know
we just haven't had
that spillover
from TradFi
just because
so much of TradFi
has actually done well
and outperformed
crypto as well
I don't know
I'm kind of feeling like
if I hadn't taken
any profits this year
I would take some profits
here if I was still up
but I think
if you've taken
enough profits
which I feel like I have
then I'm just kind of
holding here
I think if it drops
like on majors
I would buy that
that's kind of how
I feel right now
wait you're saying
we're dropping
20-30% majors
if we drop
20-30% majors
I would buy that
but I'm not going to buy here
like that's the drop
I'd want to see
for me to add risk here
so what the hell
is a Bitcoin death cross
it's a chart pattern
that people
seem to really live by
but I swear
there was a death cross
a few weeks ago
there's been many death crosses
like it's not
predictive
it's as grog
what it looks like
generate the image
of a Bitcoin death cross
I feel like there's been
a death cross
every other week
yeah what the fuck
is a death cross bro
like I'm so
it's a death cross
it's on the weekly
which is generally
like a longer term
like a longer term
trend following
it basically means
what it normally means
is like the
the short term indicator
has gone below
the long term indicator
oh when the 50 MA
and the 200 MA cross
but does that mean
up or down
normally it would mean
but it also
can just mean
we're in for a period
we have been
since February 29th
it's a love
I mean look at this
thing brother
it's February still
so Bitcoin's
looking at 58.2
and Solana
just at 140
hang tight
hang tight
summer's not over
we need these
investment advisors
to come back
from the Hamptons
just give them
a couple more weeks
September 2nd
is Labor Day
just in the words
of Raul Pal
don't fuck this up
sit this one out
and wait for it
speaking of
a flipping
question for you guys
when the market
crashed on that
Monday right
was it this
it was the
Monday before
last Monday
I lose track
last Monday
last Monday
so that was
the Kamala crash
but now that
the market
is about to have
its best week
of the year
is that also
the Kamala pump
or is that
the Trump pump
how does it
it's funny
that was the
problem with
the Trump campaign
branding it
the Kamala crash
V-shape recovered
is it the Kamala
I mean it was
the in-carry trade
like unwinding
the Bank of Japan
stepped in
and said like
we're gonna
kick the can
down the road
it's all just silly
the most interesting
thing happening
we can talk about
the poly market
degen vets
on the speeches
maybe later
in my segment
but Kamala
is like starting
to introduce
her economic policy
and it's got
got some very
interesting components
I think a lot
are being received
fairly negatively
depending on
kind of which
side of the aisle
but she's talking
about some
fairly extreme stuff
$25,000 credits
for first-time
homebuyers
price controls
on groceries
I think there's
a few other
additional price controls
it's gonna be
interesting DNC
to see it really
roll this out
when is that
DNC starts
next Monday
next Monday
well I guess
it also doesn't
help the markets
this monkeypox
shit is all
over the place
so there's
definitely a lot
happening in the
and it's a little
anyways Tyler
let's see what
you got today
it was a bit
of a slower day
so for starters
we saw crypto
majors lagging
bitcoin holding
I'm wearing the
bitcoin propaganda
that's for a reason
they offered
a new product
it's levered
micro strategy
and it caught
$22 million
so perhaps
we'll go into
that in a minute
they restarted
their India
and the potential
commenting
of crypto's
Trump's press
conference
sold $2.5 million
Polymarket
again just on
which words
he would say
so Polymarket
continues to
live events
tampon baby
tampon hits
the DGIN's
pretty much
only three
million market
cap were in
green on the
day that I saw
across all
so that was
pretty rough
actually looking
a little bit
actually up
they delayed
their launch
army launch
is delayed
until next
gonna have to
wait a little
bit longer
interesting
headline here
metastreet
launched a
new airdrop
a discounted
they separate
two tokens
wreck drinks
introduce new
daily claims
and streets
offering 50
daily drink
points for
wreck guys
they're up
those roll
bit prizes
are getting
other quick
not in the
on spotify
so you can
digital art
so digital
they're so
absolutely
we'll find
Raul after
selling it
respect for
first ever
they don't
it's a real
collector's item
it's definitely
man is laughing
behind his
this guy's
so redacted
NFTs are so
let's talk
about a few
want to get
especially
because we
the father
talk to me
yesterday's
conference
once again
he kind of
big difference
between this
Elon speech
everything
almost all
immigration
artificial
intelligence
were decent
was a pretty
get touched
in his speech
where he went
around the
oh so I had
a bad beat
I only bet
about even
and I said
didn't think
talk about
firing anyone
when you're
betting on
come across
in different
so does it
positively
because it
and it just
got out of
tampon again
because that
was a good
believe that
two and a half
million dollars
was bet on
Super Bowl
it's coming
if a random
Thursday press
conference sees
two and a half
million dollars
so what do we
I what do we
coconut is not
bad you know
I like crypto
because it's
and the thing
she just had
her crypto
reset thingy
so you could
I don't know
yeah I already
made my card
let me try to
Kamala Harris
say during
today's speech
gouge gouging
five times
I don't think
she's going to
say it five times
that's too much
price control
I like it at
three to one
I'm in on that
not going back
that it's like
kind of her
one of her
campaign slogans
not going back
so I think that
one is a likely
one to hit
yes on abortion
at 60 cents
I like that one
and then no
on Ukraine
copy trading
you right now
like as you're
talking I'm just
throwing a hundred
dollar bets
at everything
so the difference
for Kamala
is she's like
the opposite
where Trump
just kind of
says what's
ever on his
and he just
goes around
she's going
to be tight
I mean she's
teleprompted
and pretty much
you're betting
on what are
her speech
put in the
writers in
the speech
writers on
polymarket
they are like
we you know
they're betting
they're getting
like imagine
the speech
and at the
make money
and there's
enough money
where I mean
like you're
six figures
interesting
if you knew
interesting
if you could
had access
enough liquidity
what other
price control
five times
think she's
interesting
the European
there's nothing
else for us
memes anymore
you're witnessing
going to say
you're witnessing
this is now
what crypto
this is what
everyone's doing
they've moved
from memes
what memes
what memes
are you looking
at the market
that's what I
we're doing
we are just
there's no
it so pure
when we're
just betting
Trump would
of the day
reason why
everyone's in
an extension
like sports
been legal
ability to
for a long
for something
US elections
getting to
and speeches
don't know
my initial
we already
are pretty
experiences
all they've
let's just
put a load
I don't know
why I said
that's right
I don't know
two months
feels like
two months
took a big
calculated
I'd rather
the amount
that I did
it's annoying
but I didn't
let me put it
more upset
situations
information as
information
that makes
can't be upset
about that
that doesn't
another thing
that actually
it kind of
the latest
on Pacmoon
they delayed
just to have
seamlessly
and there's
of holders
this market
let's wait
a few more
think anyone
they actually
an interesting
over under
army market
next Friday
are we doing
we're back
price this
versus where
what's 9059
you're the
you're the
they really
engagement
and people
are going to
engagement
have all the
and that's
why it's so
and they'll
they don't
things are
constructive
additional
buyers are
engagement
wanting to
rather than
necessarily
needing new
guys to come
in because
people don't
Mando over
under 4 mil
being spoken
and they're
they're all
Everyone's
this thing
they booted
him out of
Fantasy Top
rightfully so
by the way
Fantasy Top
I record a
talk about
is trading
the entire
that's not
bad looking
this is the
Blast chart
yeah I mean
good on them
to push this
a couple days
looking good
what's Blast
market cap
I think Blast
you'd have
for a while
you're bullish
that's one
of the things
I would look
not really
what do you
buy before
bullish on
I do think
they're a good
alts are down
throwing in
throwing in a
just to see
what happens
like someone's
going to make
a shitload
some of the
shit that's
every time
talk about
and yesterday
he tweeted
twice about
what do you
if you want
well I don't
historically
on the basis
of this year
Mog or Pepe
because they've
the stronger
performers
meme coins
kind of feel
a bit weak
here as well
so I don't
just the whole
doesn't feel
that great
let's segue
talk to me
about NFTs
let's talk
and the red
but tell me
what it is
people say
on the time
like bring me
back to 2021
I don't really
want to go
back to 21
but I'll tell
I do agree
with the fact
are somewhat
because it
lasted longer
meme coins
this feeling
for people
reinvigorating
this community
don't really
meme coins
what do you
what do you
yeah I feel
like whenever
coin sentiment
goes terribly
everyone just
like remembers
though like
NFT sentiment
still probably
pretty far
from all time
like the news
yeah if you
look at the
I mean it was
a slightly
ETH majors
really making
let's hold
off on the
big parties
the ordinals
it's a lot
so they're
that's good
still mostly
outperforming
everything
Metastreet
it's actually
interesting
are splitting
and you're
collections
that a lot
are speculating
the future
potentially
token drop
for Pudgie
and you're
an interesting
looks like
it's probably
interesting
and they're
all pretty
collections
and attention
interesting
meta street
interesting
so speaking
newsletter
the latest
on red guy
and streaks
everyone's
mysterious
the market
the official
it's above
represents
contribution
if you head
rexdrinks.com
earn drank
points for
doing various
we're very
manufactured
purchasing
for logging
and having
consecutive
it's pretty
low effort
that spammy
there's been
that wasn't
really our
main thing
multiplies
we launched
ironed out
and issues
we're still
fixing a few
bits and pieces
but the last
we quadrupled
the number
registered
Mando Minutes
partnership
wait hold on
a Mando Minutes
partnership
that's like
the fastest
growing newsletter
it got put
on last week
and the people
have loved it
when Tyler
partnership
that's another
good newsletter
we got the
best 2 morning
newsletters
right here
check it out
drink my shot
like you know
how you have
so I finally
made my account
and everything
drink today's
like where
scroll down
are you logged
further down
for example
you just have
to press start
authenticate
you have to
connect your
connect my
I'll do that
and then you
retweet the
tweets and
pretty easy
you don't even
need to own
a ret guide
to get involved
here you know
like anyone
if you own
the Genesis
Rug Radios
will get points
I think it's
Kampai Pandas
I'm surprised
they revoked
well so far
Pudgy Penguins
a few other
we're gonna
meme coins
and although
if you have
any of those
basically you can
connect your
wallet and you'll
points for
signing up
and they're
pretty like
decent bonus
there's not
that's why
when you log
in you see
so many people
with a lot
people who've
points for
owning stuff
obviously if
you're in a
points too
definitely
I'd recommend
getting involved
before it's too
I love that
no this is
congratulations
on everything
you absolutely
love to see
it's a red guy
actually so that's
probably why you
made Tyler's
newsletter
because he
monitors the
was probably
one of the
only greens
top movers
of the day
points comment
why I brought
made me laugh
did you guys
watch the documentary
about the Pepsi
I've not seen it
but I've heard
it's actually
thing right
that was wild
that was wild
so I forgot
but it's in
thought would
be impossible
to achieve
fighter jet
fighter jet
by partnering
millionaire
figure out
like a loophole
or something
what didn't
the government
had to get
fascinating
the details
it's called
and there's
pretty sure
up winning
point being
Ovi and Mendo
I think you guys
should put up
a fighter jet
for points
that would
that would
a real bit
anything else
missed out
can I talk
interesting
I'm talking
what makes
interesting
looking at
outperforming
you've got
those gains
and of course
past performance
not indicative
performance
are a little
further out
risk curve
don't have
interesting
outperforming
it's pretty
eye opening
interesting
the future
robot spins
we'll pick
two people
than today
around the
room a little
gone quite
just think
feels like
it's going
anti-consensus
here and say
that we're
going higher
two winners
something up
dox what I'm
are really
gaming our
going to pick
one person
straight out
out of the
I'm almost
screen yet
one second
you'll see
you'll see
we're going
out of the
because people
complaining
about those
creating our
own little
don't request
because that
don't work
one person
we're going
out of the
other person
the Twitter
391 entries
which pretty
because we
didn't tell
begin draw
congratulations
request to
any number
we'll just
can someone
divided by
glitch in the
meantime if you
want to request
oh well he's
already here
I don't know
here you go
69 divided
what is it
then you add
so 17 rows
let's pick
request to
you're going
and you're
straight up
let's pick
congratulations
trailer trash
oh I recognize
I know you're
a listener
congratulations
you've been
you've been
you love to
that worked
and switch
that definitely
fucked the
trailer trash
come up on
I'm a glitch
man how you
let's do it
trailer trash
in the meantime
please request
I've sent you
but you won
don't worry
four punks
a golden girl
five mileties
iced hoodie
four doodles
one two three
four five six
seven red guys
and so let's get
that going
let's get that
who wants to
bless the mic
who wants to
bless the mic
for this first
duck Jesus
and they've
doubled in
price baby
thirteen hundred
I am a glitch
congratulations
hearts going on
in the chat
you love to
I love that
doubled in
price overnight
giving away
like fifteen
hundred bucks
trailer trash
are you ready
are you ready
we're crypto
punking it
we're crypto
punking it
oh that's so
you win a red
congratulations
stretch that
you also win a
thank you guys
so I'm on my
morning lock
how does this
don't worry
hour be careful
so the actual
is going to
reach out to
you and we're
going to get
your address
already we have
the red guy
procession
thank you guys
appreciate it
there you go
you're welcome
guys that was
the closest
we've been
that's the
closest we've
been to a punk
hey you're very
welcome my
thank you for
listening so as
a reminder
every Tuesday
every Friday
two winners per
shout out to
Robit for that
and we picked
these winners
Ovi thank you
for making it
today on this
wish you both
a wonderful
and with that
we'll see y'all
Monday morning
Eastern Standard Time
for another episode
of FOMO Hour
on Rug Radio
we'll see you next time