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Greeks Live x Marusha
Recorded: April 9, 2025 Duration: 1:28:28Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the current market volatility, the potential for international trade collaborations, and the evolving narratives surrounding Bitcoin as a hedge against inflation. With insights into the resilience of the crypto market amidst geopolitical tensions, the conversation highlighted both the challenges and opportunities that lie ahead.
Full Transcription
Let me just check the links is all working and then I'll send it to you
It's broadcasting good, okay, I'm gonna DM you on Twitter. Yep. Yep. We got 20 people with us so far
Okay, so I just DM do the link on Twitter and we got like 35 people so it's just loading give it a second
all right cool yeah we got like 50 people right now. Okay, so good morning, everybody. It's, well, good afternoon and good evening for some folks. It's 10 a.m. for me in New York, but today, such volatile times and we got a good guest on with us. One of my longtime friends on crypto Twitter that I met literally five years ago.
We haven't caught up in so long on markets, so this is going to be fun.
Marusha, which some of you may know, he's a famous CT French trader.
Why don't you, before we get into like the market talk the tariff talk the geopolitic uh like how to trade
this how to navigate this you know geopolitical environment which seems to be escalating why don't
you give like the five people on the stream with us who don't know who you are a little bit of
background on yourself yeah sure uh initially i was doing network computing and coding and i became a bit bored so i try
investing because i meet somebody in a video game who were talking about he was a trader and i was
having i was like damn that sound like great job to do right and so i try invest in summer 2019 after reading bitcoin and monero uh white
paper if i remember i first invest just 50 bucks in monero and i was buying low selling high you
know trying to figure out yeah a bit after i think it was 11 november 2019 i opened a bitmex account i did a lot of derivative
trading from there and then after around i think it was summer 2021 i did lost a lot of money in March 2021 with the pullback after the new all-time high around 60. Like I
think we did 60 to 46. I lost a lot of money and I was like you know what let me take a break from
derivative and just go more into option but learning not just go back into it and take a break.
but learning not just go back into it and take a break so yeah that's kind of what i did as a
trader overall and i'm still there less than before because it's a bit tiring over time and
you became more comfortable with what you want but yeah that's kind of too long didn't rid of
my career so far i got some little prop desks there and there
some work at some didn't work oh wow i didn't know that yeah there is one who work actually
very well but it was literally when i was at my best but not at the best of my knowledge it was
just i was very good with the flow of the market,
but it was a bull run, right? So it's not really hard.
And the second one, it was a bit too restrictive.
I mean, not really restrictive, but they were having very...
some rules who shatter a bit my ego, and it was really hard to shine for me.
But yeah, I did two prop prop desk and one where i was
more recommending about risk looking through the book and say yeah maybe the strategy doesn't work
on long term you know it was more risk rebalancing and strategy advice for a french desk I see yeah prop is um prop can be a hit or miss depending on the shop of course and
like the strategy that they're running yeah yeah yeah some I mean the two I did were very good
individual it just I have some stuff where I'm very good at and some stuff if you put me there i'm gonna be dog so when i'm forced into
some stuff i'm bad at you know it's not gonna be good for me and so yeah one more kid one more kid
less but it's whatever i learned a lot from both of them the good part of prop desk is you have a
lot of people who are in their period where they grind a lot right and you can pick a lot of
little quality you find from other people that's what helped me to grow a lot to be honest i think
it was the best period for me even if my ego got shattered on the second protest
i still learn a lot picking from traders who grind every day and trying to find how to make it you know yeah if if you're
trading something or they're they're you know telling you to run a strategy different than
what you're normally running it's um it's usually challenging and then i totally get the uh ego and
confidence getting shattered too i think i had a similar experience May 2021.
I think similar,
I think we're talking about the same price action of time as well.
But sounds like a very interesting background.
Like you came from non,
like it doesn't sound like the typical trader background at all,
but you've made a name for yourself and you've been successful,
which is really cool
so i've been very lucky though like that's one point it's really important to me to be honest
about i was there at a time where economy were really good like 2020 is a one lifetime opportunity
like right now i'm getting destroyed by market right because i wasn't
expecting it like a lot of other people so it's also i was there at a time where even a retard
like me could shine that's really a bit of luck sometimes it's what makes you work also
yeah that's true so we have a lot of greeks live members uh joining in with us we have like
600 people live with us right now some of them are french speaking as well what does
what what does putain de sa mere mean putain de sa mere i'm trying here putain is like, it's a mire I'm trying here Putain is like shit. It's a bit a generic French thing like if I drop my
cup of coffee, I'm gonna say putain, you know, it's a bit like you express
Be a bit angry about something and Samer is
Your mum but I mean putain Samer is like it could be good or bad it's really
depending it could be oh it's something where oh shit it's holy shit it's where
it could be bad you know like I'm fucking upset about it it sounds like
it sounds like Spanish like puta put the mother not because put I is bitch no if I don't yeah
stay yeah you're like fuck yeah put on is more like you could save fuck with it but I'm not sure
how English people using fuck yet because I only hear it in song like thank you for example not
really it's always fuck you or fuck something you know not just fake so that's fine yeah yeah i
i there's some similarities uh with french and spanish and then you have like catalan
which is like a mixture of spanish and french yeah it's so interesting. And meanwhile, over here in Burgerland, where I am at,
we don't even know how to speak a second language here.
I want to ask you.
So obviously tariffs are becoming – it's on top of everyone's mind.
No one wants to talk about them, but if you're in markets right now, this is on the top of everyone's mind like no one wants to talk about them but if you're in markets right
now this is on the top of everyone's mind i want to get your opinion from your side of the world
because obviously i'm over here in new york uh and you're in europe so what is the what is the vibe
what's the read how do you view the eu's actions we got got some headlines today from Germany saying they actually want to
collaborate with the US and have open trade. Do you have any commentary on specifically the US
and EU? Because I feel like you can speak to that as a trader and what your thoughts are.
I mean, as a trader, it's kind of annoying this world conflict to be honest it's i mean i
understand trump trying to make america great again right that's literally the whole fucking
slogan but i think there is other way to do it or he could have built it um about europe and us
i think people grossly overestimate how Europe need US.
So I've done a tweet this morning about it.
Like Europe, we have a lot of stuff which is produced locally.
One of the most important of them is car.
Literally like a normal people life is literally I take my car.
I go to work for eight hours.
I came back, I eat, I sleep, right?
So car is important stuff. We don't need American one. Food, we don't need one.
Grocery store, we don't need one. We literally have a lot of good other import partners with us.
The only stuff where America's shining is really they provide a lot of service.
Like even right now, if we speak, it's thanks to America's service, right?
So that's the only annoying part.
But the thing is they don't really monetize such as import and export.
So I don't think that's much an issue for us, especially if that's an issue with us.
I'm pretty sure Europe are
willing to go ally with China even if Europe and China already have pretty much
good relation overall it's just Europe trying to over tax whatever we import
from there like if I want to import fucking figurine or manga from Japan or
China I'm gonna have to pay if I don't 25% VAT, which is value-added tax basically
because it's coming from outside of Europe.
But still, it's fine.
You know, like it's better than having a lunatic.
We're going to say, oh, finally, we're going to do 84% tariff.
So we don't much need America.
The only thing America is good for me is army.
That's undeniable.
America, if one of the biggest,
if not the biggest army in the world.
But yeah, aside this, I don't know for me, Europe is fine.
The issue is Europe have the same problem as America,
which is it's been here.
Instead of developing our own business, we buy
ship stuff from China. So we don't have anymore some talent to do stuff or produce some stuff.
We don't have toast factory open anymore, which is a big issue. But that's not only a Europe issue.
America have literally the same issue at the end of the day like that's why i think trump
what he do is a good idea the way he did was retarded it should have taken us five years to
prepare for the next democratic group to come and say we're gonna build a lot of local factory and
with those local factory we're gonna be ready for the next five years to be very aggressive on tariff and
say we don't need china anymore we don't need asia and cheap labor we have those factory with us now
but doing it right now is a bit weird to me so yeah that's kind of my worst thing about
about China, Europe and America situation, to be honest.
So, yeah.
Yeah, that's very interesting.
And I would say I think you're spot on with the military component.
I think that's why Trump is like trying to push for EU to kind of like defend for itself.
to push for EU to kind of like defend for itself.
The interesting thing is the response so far from EU sounds more collaborative, whereas
the response from China is more competitive i think trump and she are very strong when it comes
to with each other when it comes to like playing at a poker table i think the eu is is sort of more
uh willing to work it sounds like just based off of like what i'm what i'm seeing on the news flow
seeing on the news flow yeah everything's changing yeah because trump cannot really say
uh yeah fentanyl fentanyl fentanyl you know it's like right now america love to say yeah we just
tariff because fentanyl and immigrant the issue is people have no way in europe even european
immigrants have no way to go to America and drugs.
It's more likely South America drugs actually, who come in France and Europe.
So yeah, it's really hard for him to have leverage.
He has leverage, but he cannot go with stupid leverage.
And yeah, Xi and Trump playing.
As you say, poker card, you know, like who gonna be the big boy of the world the big brother you know
of course i think it's splitting in two kind of sides uh yesterday we saw the spanish
an elected official and from spain fly to china supposedly trying to to improve the relations. So do you think that this will all blow over and stocks will moon and crypto will moon?
Or do you have a view on that?
Or do you think that we're going to have a second leg down here?
Well, my bag really hope it's going to happen.
I mean, I'm on the water as fuck.
I'm not going to lie. I'm not gonna lie i'm fine but
there is some annoying part with my spot and i mean i think as you say it's really the poker
table right now where they try to just bait each other into doing the wrong decision more than anything else yeah i need america money and america need china
ship stuff that's the thing like even for europe that's the same we need china ship stuff and we
need the technology from america because we don't want the technology from china which is even worse like even google
twitter etc are very intrusive china is worse it's literally you are fucking zingping looking at you
and the wind is a pre-image your computer gonna blow up you know so i think i'm just playing a bit
it's a game of who gonna fall first i forget we did a very interesting tweet today
saying it's just a game of card and somebody observes the piece of card of other gonna fall
but nothing ever happened you know type of stuff i know i i try to be as unbiased as possible as an American. I know everyone wants the burger empire to
fall. Like every single day I read like it's time for the burgers to be poor. And like
it's actually like it's kind of scary sometimes like how many people hate Americans.
Yeah, I don't personally. To be clear with you, I don't.
Good thing we're friends though.
Just in case, you know,
China invades New York with drones,
I'm flying to you, man.
I'm coming straight to the couch.
I'll be next to the cat.
Yeah, I have loved so hard
when you say I'm crashing out on your couch.
One of the cool things about being a trader is that you get to meet people from Asia,
like Hong Kong, Tokyo, Beijing, Shanghai, London, like every single major market I've
had contacts with.
And of course, right now, there's a global trade war going on, but it's between the
governments and we have to remember that we're people.
Yeah, we don't care, literally. That's the thing don't yeah we're just people at the end of the day you know you're a long
Bitcoin I have Bitcoin we want it to go up and we want you know world peace no
one wants you know obviously drones to be blowing up everywhere only bear only
bearish people want that, right?
And I think being a doomer doesn't pay off in the long run,
being a doomer.
I think you could be a bear for like one quarter, two quarters,
and then that's it.
It's really hard to be a good bear, to be honest.
Like, I was at some point, but I was very...
So that's why I'm willing to admit every time i was very lucky like i got some more
experienced friend in 2021 who told me what happened with the fed is bad market gonna go
down and i was lucky to have those friends and say okay i'm gonna trust you i'm gonna try too short
but that was the limit of it to be honest like. Like, the more time goes, the less I'm willing to short.
High FGV coin, I'm really willing to short them.
Oh, yeah.
Bitcoin, I'd rather put some puts, actually,
to edge my spot more than anything else.
And if I can collect a premium for it, let's go.
You know, like, even 0.7% of my spot,
I'm very, very happy to to get so to be honest okay let's talk
about that so you just touched on how options how you use options why don't we go with like what was
your favorite options trade in the past and what was like your your worst options trade and we'll take it from there my worst option was the first one i ever did
so it was uh i finished the summer 2021 i read a shit ton of books uh in silico was having a very
good um mega mega is a you know online folder and I read everything about volatility and trading it was having inside
this folder and I told myself you know what I'm bullish volatility and I was having a word spread
which makes if price go uh above 60k or under 40k I'm winning which is fucking terrible i'm not gonna lie like a 20k spread is how bad that
shit was composed and i win that trade to be honest because we did go to 79k so i take profit
at 60k for a break even and on the way down i take profit like i think it was 22k because I wrote over the option. No. And I win like 20% and the cost of the option was 7%, something around there.
I don't have anymore the exact number, but it was like seven months before it
happened, which was extremely painful for my first option trade, to be honest.
Like every day I was shaking oh what happened
it is good it is bad so yeah it was very long and very frustrating and my best
one hmm it's got to be calls oh yeah yeah definitely it was during FOMC but I
tried to remember which one I always buy some not anymore but I try to remember which one. I always buy some, not anymore, but I used to buy each FOMC a call, basically a
moonshot daily call.
And every time I will do 20, 30% for free.
And if I was wrong, I lose only 10%, which is fine by me.
You know, like one to two or one to three risk reward.
It's perfectly decent at the end of the day if you have a high
enough win rate um but i think it was early 2023
oh like when we were just out of ftx yeah yeah yeah I think it was around there. I did a ridiculous good call where it was like
150% on the day. I was so fucking up for it this day because I put some size to it. So
it was really rewarding to be honest. But yeah, most of the time call, I just use call on the
way that I think people under price whatever event gonna happen but i need an event to happen
uh for me to to put that i'm not gonna randomly buy some call to be honest or as a spread not
solo at least yeah usually if you're gonna do some like long vol that it's got to be like catalyst driven
Yeah, yeah, they're why I kind of don't want to play it
Yeah, I mean you're just gonna pay a very high funding for all things is prayed which is extremely stupid if you said that just gonna range
Mm-hmm. Hey, do you do you know someone named camel ETH
Fuhrer from in Sinico?
Yeah, he said he, why are you French?
Full-time Eith dumper chief psyop officer co-founder.
Yeah.
You don't know Camel?
I'm impressed you don't know him, actually.
I've seen him.
I think he's commented on some, like,
Greek live stuff.
Yeah, he's a good guy. He's a good lad. He's always benching around since here.
Alright, I guess I should follow him.
Alright, so those are your options trades. Yeah.
Okay, so let Let's say...
Let's say you're trading options right now.
So...
So I just actually bought some 100k call options for June.
June, okay.
Because I'm trying to fade this move down.
I think that we're close to the end of the poker game.
I mean, the next move is like,
we just got 84% from China in the morning.
I'm just not sure how much worse it can get,
number one.
And number two, deals want to be made.
The hardest deal to make is obviously China.
Yeah, definitely.
We are in the middle of peak uncertainty and fear.
The next leg down potentially happens with the VIX spike from 50 to 80
or even higher.
So, like, I get the rationale for the next leg down from 77 to like what 68 65 right
or potentially worse i get that um but i guess like if you're a bull here you gotta you gotta just
you gotta pick a spot right at some point to fade this move down.
Because I totally get the bear argument.
I just think that they,
I don't want to play the final leg down number one.
Cause I think it's a small play.
It's a good play,
but it's a small play in the grand scheme of things. Like,
you know,
looking beyond just April,
like what happens in May what happens in june
right i'm trying to think of that far uh and i tend to be optimistic about this which is why i
think we go higher yeah i see it a bit differently so i would agree like if i have to pick something right now, I'd rather pick a 100k call than a put.
But the way I see it is, as you say, there is some uncertainty.
A lot of the move down happen.
It doesn't mean it cannot go more down.
Maybe we're going to tomorrow wake up at minus 50%.
But those opportunities of upside are so rare that maybe you're gonna lost
one percent five times in euro but then you're gonna stop you know you're gonna wait after
but if you're wrong you have unlimited downside with option which is one of my biggest issue with
buying put in option like either you're gonna pay a lot right now with uncertainty premium is probably
extremely expensive like even if you buy a put right now you're probably gonna need
three to five percent to be breakeven on a call i think it's probably like more one to three percent
to be breakeven depending on which option you pick so i mean it makes sense for me i'm not
sure i will buy that because i'm already spot so
but yeah i can understand why you want to pick a 100k call at least you did so you know yeah
puts are definitely sense to me yeah yeah puts are in high demand um extremely i saw the cost it's ridiculous right now. I know. So I'm thinking about doing selling put spreads, like, actually now.
But, yeah, like, I think I'm going to start doing put spreads.
I did it last week a little bit too early, and then I closed the position.
Luckily, pretty much, I actually made a small amount on them.
Yeah, on the bounce. We got some good bounce actually last week we did we
did and like 74 to 80 is kind of decent it's not a 10% like we used to get
normally every day but for recent volatility it was very good actually it was it was a really nice bounce um
i didn't play it with options i actually played it with far coin far coin is insane man far coin
is the most dumbest coin that we've ever made but yeah you know what's funny with Fortcoin? So I discovered Deepwhaler some months ago and he commented under one of my posts about Fortcoin. And I checked the thing and it was like five cents. And I was like, you know what? I'm going to put what? 500, 1000 dollars. I think I put 1000 dollars.
$1,000 I think I put $1,000 and it did go up and it dip again and I was like okay you know what
I'm gonna put a bit more because it still looks solid so I put 5k and it pump and it pump and it
goes to $2 and I was like what the f**k happening you know so little by little until one I take profit If I remember when we touch one it's retrace until
40 cents if I don't mistake then it's spam to two
But yeah, I was riding the waltzing not that much money, you know, like it's good pocket change
But it's not life-changing money and I was not caring everybody was losing their mind and for me
I was like, yeah not life-changing money and i was not caring everybody was losing their mind and for me i was
like yeah i mean i'm here since so early that i don't really give a fuck about it you know i'm
happy when it's doing well but deep weather did insane work constantly stuck to that coin because
a lot of time shitcoin like this would just you know random pump and shitcoin. People don't stick to it. You're going to see them stop posting about it
after two to three weeks.
Deepweather, it's been fucking five months
he bullposts that shit.
That's insane.
Like, bro, he's crack as fuck.
He's a community leader.
He's the community leader.
He literally, for me, is the CTO of FireCoin.
Like, if you tell me who is FireCoin, I will answer Deep Wheeler with no doubt.
He was bullposting the entire like market crash.
He was like Fartcoin, Fartcoin.
Yeah, and I love when he posts like sexy big bird girl.
And you're going to see, going to put the image of the thing which fap
and have some white thing with 10 bookmark
30 bookmarks you know like sometime eating some crazy number ridiculous like i've seen touching
20k like with a girl picture i was like what the fuck and then I decided it's like irrelevant
It's completely irrelevant and then he just signs it off with bar coin
Yeah, exactly but yeah I love Deepweather. He stay from bottom to top to bottom
Which most of the time people don't like after one month
Nobody talking anymore about their shit kind, you know, like they're back to LARPing about something else.
But Deepweiler, that's my coin, that's my boy.
No, yeah, he's definitely the community leader of Farcoin.
I think, you know what, I think meme coins, if you're in crypto, like even if you trade options,
like the most experienced options traders i know the most
professional traders i know they still even though like it's for fun and it makes no has no value
uh if you're in this industry like you have to participate just a little bit
uh even though it makes no financial sense whatsoever definitely like you just it's just you're exposed to it and uh so i i think you
need to understand your counterpoint also and the people you interact a lot with and for that you
need to there is a big difference between trading on 20 leverage on binance and going into the trench. I did trench after Ethereum and during BNB season, so early 2021.
It was really something different, to be honest. Like, I recommend everybody to try trench. I'm not saying trench is good, but I think you need to realize what type of junkie you're fighting against like it's really something different
it's like you constantly drinking alcohol type shit you know it's really unique world unique
type of people type of trading it's it's really weird when you think about it to be honest
it's some people just view it as a different type of trading some people view it as gambling
but I think that
you could come up with a system to be successful
in the trenches
and we've seen several
of that obviously it's
not everyone
it's
very few winners rise to the top
whereas and that goes for trading
in general, right?
Like 10% of traders are successful over time.
But it's definitely become a part of the crypto world.
So I want to get your thoughts on Bitcoin, Solana, and Ethereum, and just the vibes.
The sentiment is so bad right now.
The sentiment is like, it's in the negatives if i had to say
people don't believe in it anymore developer activities going down what do you think is
going to happen over the next like four years are you going to be a bitcoin maxi or do you still
believe in in a in ethereum uh or solana the new chain ethereum is MySpace. Like what's your take? Because a lot of people are saying, you know, this whole space is done.
AI is going to take over.
Robotics is going to take over.
And the crypto thing was fun, but it's over now.
What do you think?
To be honest, to start with EA, I play a lot with EA because initially before doing crypto,
I consider converting to EA but I
realized you need really a lot of mass and I wasn't good enough at mass. EA is
good but we still I will say it's the start of the golden run of EA it's not
gonna be really that much good before the next five to ten years people just
see stuff they're not used to see and they really impressed by it you
know like if you don't know how to do a backflip and you see a dude on the street doing a backflip
you're gonna be like whoa that's crazy no it's not crazy train for it you know and yeah is literally
that you train to a very specific use case and maybe this use case is useless. Like I code with EA a bit.
Sometime it's good.
Sometime it's dog shit.
When I make them trying to think about Optimae stuff, which is not available on
Google, you realize it's not that great, right?
It's decent, but it's still years from be good and having deductions on their own you know they just take whatever on internet
yeah bitcoin good i mean bitcoin for me always the same use case you put a ledger in your ass
and you fly the country and it's a good tool to evade tax which a lot of people are not willing
to admit but that's a reality if i don't convert to fiat i don't have
to pay tax that's the reality of bitcoin nobody be able to know if that's me or not if i create
an account and i put an nft of a poop and i buy it for 50k legally nobody know who is this poop
seller even if that's me nobody able to say that's you.
So I can do tax evasion.
So I think Bitcoin is very solid on that point.
On the fact that it's nothing to government or bank.
Ethereum had a bit mixed.
Oh, one second.
Maru, can you move your microphone closer?
A lot of people are saying that they can't hear you very clearly.
Oh, excuse me, uh yeah ethereum the issue is bond is good and ethereum yield is not as good
as bond which is a issue aside if you do some exotic loop stacking which to be honest most of people are not gonna be attracted to because it's
carry some risk doing so so yeah Ethereum trying to find his own position
Solana is good but Solana is good because it's backed by VC more than anything else
I'm not a big fan of there is 10 million fucking users while know myself on ethereum i have more than 100 wallets
i use every day with an automated bot so solana better than ethereum but solana need to be careful
with what they're trying to promote because pump fund prove the fact that
The fact that they can kind of overcome Solana. Solana is useless, people want some gambling,
they go on PemFund and Solana is just a network but nobody cares about the network, right?
They just want to be able to gamble like it's a casino. But yeah, I still think crypto is good as an individual case.
Global case, we depend on macro, to be honest.
We depend on Trump if he got his dick sucked last night or not.
But yeah, I don't see issue with crypto like the world IFDV dumping over a year it's always existed and will keep exist it's
not a crypto issue it's a VC problem it was always the same i still love monero a lot to be honest
still in love with that coin no doubt about it the privacy yeah for me whatever is privacy oriented if i don't have to carry a big cost of doing so
i will still love it i know it will not attract the majority i don't care about it it's an edge
case for me a more specific edge case and bitcoin can be such as it's a hk is against gold yeah yeah sure any yeah privacy was a big uh motivator
for a lot of people to get into bitcoin from the beginning do you think that bitcoin is on track
to become digital gold though because that's what the narrative is supposed to evolve into but
we're kind of trading like a risk asset almost in between like this weird growing up phase because now it's like 15
years old um because technically it's supposed to shine in a period like this do you still believe
in that or do you think it's still a risk asset it's still a risk asset but once again the difference
with other risk assets is i can put it on the ledger
i put it inside my ass and i fly out of the country and for me even if that sound like a
drug that's the best use case i can have as an individual to preserve wealth basically i'm not forced by a government. That's the best thing ever, literally.
Yeah.
And especially if the ECB goes on another printing spree.
Yeah.
Oh, I want to get your take on...
I know you monitor what the ECB does.
What do you think of their their recent actions do you think that
you know with the given you know projected economic slowdown of the tariffs do you think that
um money printer will go burr and ecb soon uh i'm interested in hearing take this ecb they will do it they will do the cbdc anyway like they
that's annoying but they really trying to push their own digital money they're gonna put kawaii
cbi indeed and they want the control of it because they know cash got too diluted over the year and
they cannot track it anymore if they have a network and occurrences they can track
they will do it europe is very that's funny because they against they did the gprd which is
don't steal my client data but at the same time they'll be like yeah give us your data so that's a bit weird but they will do cbdc no doubt they
will do a euro type tether but regulated uh for printing i'm not sure uh didn't didn't i see a
news this morning about ecb rate cut uh was priced for the first time i remember some news like that on my feed
yeah that's why i wanted to ask because i think given what freaking orange man crazy
trump is doing right now i think you know central banks around the world are starting to think about
like oh what kind of like stimulus do we need to do with the anticipated economic um slowdown so like i know things kind of look
shitty right now in risk markets i think some it's a similar setup to covid where global risk uh
markets are down right now and global trade is it's not halted because in covid it was literally
stopped but it's projected to slow down.
Yeah, like circuit breakers hit in Japan already.
South Korea said that they're willing to step in to stabilize markets.
Taiwan said they're willing to step in to stabilize markets.
And, you know, there's warning signs flashing over here in the United States.
So that's why I was curious to hear about your the the eu uh opinion and the eu perspective like i think that it's a similar
setup to covet because they're gonna need if things stay the way they are and there's like no deals
and you know the tariffs remain this elevated you know there's going to be a significant slowdown
and they're going to need you know they're going to need to step in because there's going to be a significant slowdown and they're going to need
you know they're going to need to step in because there's going to be basically a recession right
i mean there's a slowdown since a while it's just america europe and asia they manipulate numbers
the way they want to pretend it's okay but i mean i talk with people around the world. I talk with Americans, with Japanese, with French.
I talk with companies around me and a lot of people actually got fired because, you know,
there is not enough money entering inside the company.
So they need to fire.
That's the same in America.
We see a lot in the tech.
That's the same in Japan. They got the same issue, but it's less known because most of the time,
Japanese news doesn't need Twitter somewhat. I don't know why, I guess it's a language thing.
But yeah, it's been a while, everything slowed down, so it's not impressed if people right now have the excuse to print some money
will they do it probably probably to be honest that's a strong possibility yeah the issue is the first person who's gonna do so is money gonna last a lot actually so nobody want to be the person who pulls the trigger because they know
their own currency gonna devaluate out of nowhere and other countries will have a lot of advantage to just keep two or three weeks not printing you know like
so i think everybody have this idea where they want to pull the trigger, but nobody does it because if you do so, you're the first loser.
And whether it's Europe, USA, Japan, China, Korea, Australia, Canada, England, India, Russia.
No, I mean not Russia because Russia is a bit specific.
But yeah, nobody wants to be the first one to push the trigger to say I'm weak. I'm okay with losing
My strength as a currency value. I'm gonna print
Yeah, COVID everybody was forced that was a bit different like right now market crash, but nobody's first
I think they think about it still I totally agree with that
Yep. Yep. I mean at the end of the day, that's why we're in Bitcoin, right?
Yeah.
Oh, for me, definitely.
It's one of the big thing where I'm like, I don't trust the actual system.
But if the system falls, Bitcoin falls also, which is an issue.
But I don't trust the way they value the system.
That's why I'm in risk asset, right?
So I'm sure I don't depreciate every day.
That's why, I mean, the funny thing is that there's a meme,
one BTC equals one BTC.
Yeah, yeah, yeah.
At the end of the day, it's like, but what is your take on the euro?
Like overall, like obviously there's some memes going around from my european
friends from spain italy uh obviously france as well and they're saying you know it's time for
the new world reserve currency because the euro against the dollar i'm sure you watched uh what
happened over the last few days and weeks what What's your take on the euro, actually?
Well, I wish the euro keep falling because I get raped since I hold USDT.
So I'm not going to lie, it's not enjoyable.
Every 100k, if that's about 10 cents, I'm losing 10k,
which is not very enjoyable if you do that on way more money i'm not sure about a world order
which is not very enjoyable if you do that on way more money.
because it's not gonna happen you know like between russia china and usa they all
fucking they all have too much ego to put the knee down even if they do it a lot in the recent time with the way they talk publicly or as actions they do
But I'm in Europe it's been a while we fuck but it's not only Europe it's also America, you know, like
It's not really is a fact we were all okay to say
China they gonna work like dog for us. we're gonna close two eyes on the fact
it's a kid who do your shoes for 20 cents we all agree with that 20 years ago when we started to
make the world a more worried place more than individual country and europe and usa paying
the price for that usa a bit less because they are a giant speculation bubble.
And as I say, early on, they are very service oriented country, which makes them having the
advantage of having some random number, you know, like I'm worth two quadrillion.
My derivative market is 100 quadrillion but in reality that's why you know it's make me laugh
a bit when trump say we're gonna do some local factory no you need to do automated factory and
you're a fat american not gonna work inside your factory it's not the same for friends
we could bring back some job aside immigrant nobody gonna work there like when I you know what is a bear eat and deliver?
A deribit and deliver?
A bear eat and deliver it's an immigrant who barely can speak French because nobody want to do those type of job.
And that's the same for factory, you know, like nobody want to do that literally because those are the worst job where you're up 12 hours tying some shoes or putting some metal piece etc so yeah europe and usa are equivalently
fuck just usa is very good at pretending they are not but it's been a while europe is way more
fuck anyway it's nothing new someone was like he had such negative views and also someone was like
Someone was like, he had such negative views.
And also, someone was like, I hear a vape.
It's true.
The French smoke.
Yeah, yeah, yeah, yeah.
The French smoke.
I don't think I have a negative view, do I?
I don't know, maybe...
I'm monitoring like Telegram, I'm monitoring Twitter, I'm monitoring all the chats.
We have 1,500 people live with us right now, Maru. I'm monitoring like Telegram. I'm monitoring Twitter. I'm monitoring all the chats.
We have 1,500 people live with us right now, Maru.
They're listening to... They want to listen to some positivity.
Come on.
We don't want to hear the naked thing.
We are gonna make it.
We are gonna make it.
That was enough positive.
No, I'm not negative.
It's just it's a weird situation right now because
trump but i'm positive if i was negative i would sell my bitcoin and live inside the farm and
hoping there is no war you know i'm positive but yeah it's a bit chaotic recently to be honest it's very very chaotic even it's not
i say a bit but no no it's very chaotic it is a little what's going on is quite um
it's quite scary like how and i'm hoping things obviously get resolved um that's my hope and that's where my bets are placed
but obviously things can go very wrong and it's all like you know it's driven by like a few people right like trump the worst part right she yeah and like it's unpredictable um but at some point you just got to place your bets and oh Trump just said
something on his truth social what did he say fixing trade and tariffs is a good
thing Jamie Dimon JP Morgan chase on this morning's show he just tweeted that
well that's kind of old though that's old that's like from
9 30 in the morning an hour ago almost all right maru um we are coming down to the last 10 minutes
by the way if you guys are watching there's like a thousand five hundred people live please retweet
the stream because we can get cool people like maru to come on the show um and it also does
greeks live a favor to boost the algorithm and also give marusha a follow as well he posts some
interesting takes on the market and also lately he's been posting a lot of uh funny meme content
uh last 10 minutes i'm about to just retweet some Japanese woman for that one.
They can get the little entry cost where I just retweet Japanese woman.
I have to check it out.
I have you at notification, so I'll check it out after.
Last 10 minutes, Maru.
Oh, wait one second.
All right.
Last 10 minutes.
Curious of what you think of Q2, because we're one week into Q1.
It's extremely volatile.
Sorry, we're one week into Q2, yeah, it's extremely volatile.
What do you think gun to your head is going to happen over the course of Q2?
Obviously, no one is going to hold you to this.
It's just for fun.
Any predictions?
No, I'm not sure, but I'm more on your team where it's a rare opportunity.
So if I have to buy something or sell something, it's going to be buying a call.
And if I'm wrong something it's gonna be buying a call and if i'm wrong it's fine you know
like if i lost 10 000 but in the other side i may be gonna win 100k dollar of course i'm gonna do
that right but if i'm a doomer that's meant to break even i'm gonna need price to go to 70k to break even if it's go to 60k I'm not gonna
do that much profit versus a risk I take so yeah the issue is Trump you cannot
predict Trump I've always said it but he is a volatile person you never know
what you want and when you want a lot of people like to say doing 4d chess but
just the way is i think he's just very impulsive and well that's something i like with him at the
end of the day i don't like his impulsivity but when he says something you do it and if you're gonna keep running down tariff and finding
no deals that's an issue if we found some agreement it's good to be honest i think it's very good and
the market is looking forward anyway so even if the market is down right now it's already price
a bad situation so the second we're gonna have something good market gonna hella
bounce because everybody is edge everybody gonna be forced to edge an edge so it's gonna be a buy
order when you close a short or a put it's going up and you need to buy spot because you're gonna
feel like sideline or i don't know so yeah it's a very interesting setup worst it's not far away from
the worst so i rather beat on upside because very little risk very high reward if i bet on more
downside very high risk very little reward or if there is a reward everybody gonna be dead
anyway because if we keep going down maybe they're gonna be a giant default and we already know what
happened when there is some huge default yeah i like that um i have a similar view as you. There's a trade to the downside, of course. I can see it.
But it's not one that I want to really swing at or take.
Yeah, exactly. That's more the issue. We all see what happens.
But taking the setup is very weird right now.
It was a good few months ago right now it's a bit of we are in the middle
of nowhere and we're dancing around whatever trump have to say today you know or she right
yeah exactly president she also it's really interesting times it's very exciting markets
um both like if you're intraday trader,
it's amazing. If you're investor, you're probably a little bit uncertain about the future. Um,
but you know, usually the uncertainty presents opportunity. I think the question right now at
this juncture is like whether or not we get the second leg down or we get a bounce here um what happens like
with the tariff or does it escalate further from here i mean it's it's getting late stages
of that you know poker game in my opinion um we're kind of like in the middle of the eye of
the storm so to speak but man this was fun uh talking to you about markets
do you have anything else about markets or in general to say uh at all
i mean i can put a mcdonald hiring link in chat just in case but yeah they might not be hiring because the tariffs
slow down exactly yeah you need a 10 percent longer curriculum vital to to be higher you know like
that's the tariff tax but no yeah i mean just survive to be honest that's the thing that's the hard
that's the hard part of the job it's very easy to do money everybody can do so but
surviving in those moments it's where good trader and investor shine because just buying and holding
isn't that hard that's literally we all do it and we it's so basic that most of the time we don't even talk about it.
But knowing when to pull out or when to pull in again, yeah, extremely hard.
So yeah, survive until then. And even for me, I'm speaking to myself at the same time.
I'm still fine. If there is some 50% deep, I'm really going to suffer a lot, to be honest.
I still consider hedging a bit.
And if I'm wrong, it's fine because I hedge one to one and I can unwind later on and just paying the premium fee or the carry fee, which is fine.
It's probably what, 2% to 3%?
2% to 3% loss to avoid a 50% loss.
It's kind of decent we're not gonna
lie on that one so you would hedge your spot and pay the higher premiums yeah i'm still considering
it i'm waiting so far it seemed to shit a bit if they wanted another leg down they would have done
so especially with the game of Trump and Z playing right now.
But I think market right now, the fact it doesn't go more down, it's a proof that everybody calling bluff on Trump and Z talk, to be honest.
Oh, you mean what happened today?
happened today what happened yeah i think at this point market is willing to admit we know you guys
bluffing and until you proof us with action we're not gonna target new downside but if they proof
action yeah we all forget i think to be honest so yeah that's why i consider aging a bit but
yeah i'm still thinking about it.
For now, I'm going to buy some food for tonight.
And I will keep thinking about it tonight.
Nice.
Yeah, I know.
You're sort of towards late afternoon here.
It's just morning for me.
Yeah, yeah, yeah. It's 5 p.m. right now.
So shop closing at 7 p.m. So now, so shop closing at 7 p.m.
So yeah, taking some nice tech, maybe eating outside.
I don't know, it's beautiful outside.
It's 23 degrees, so yeah, for April, it's really good.
Wow.
Honestly, yeah, it's a bit hot even for an April, not gonna lie.
Dang, yeah, I know, I didn't know that.
It's still kind of cold here.
I'm wearing like a
light sweater inside it's it's getting warmer though yeah no i'm literally in shorts right now you see like the guys you see at the beach it's literally me right now with a short a tiny
t-shirt and yeah you know i'm on the sea it's a mood of like I'm gonna go swimming soon
all right man well this was a good one hour to chat it's always so nice to catch up with
you dude yeah it's always a pleasure we will see what happens in you know three months time and
uh hopefully maybe gonna buy 100k like you like you made me consider maybe i'm just gonna edge
my spot and buy 100k call and if i lose boss it's fine because my spot in edge and I just have the loss of
the cost of 100k calls
So yeah, that's something to consider especially June. It's like there is some time until then
Yeah, I mean I picked up a few like I have spot but
Obviously if you're gonna do this on perp it's very volatile low time frame
you're gonna get stopped out like crazy so i think to see that through perps that's why option
is really the best option for that yeah exactly perp is nice like once the bottom is kind of like
confirmed whether it's here slightly lower um but i think options was the best way for me to express the view that like things will get better
than you know what they are right now I know right now we're in the shitter you can't really
see any positivity it's like we're at that point yeah exactly that's why that's why sometimes just
taking a break and some fresh air is it's refreshing your mind from a positive view
more than just having the head stuck inside it you know
yep exactly taking breaks getting fresh air new perspective
yeah but look at the 100k I'm gonna look through it the cost of it. I think they're like 2k.
I probably need 2k why is it? 2k 100k. June you say?
Yeah, June 100k to like 2k each I picked up a few.
Yeah, 1,962 like 0.0255.
Oh shit mine are down then fuck and now uh i'm on stream but hey hey that it's the bet like i hey i got two months
all right i got two months of theta so yeah we'll see we'll see what happens watch this dip to like
65k i'm down like 50 and then it breaks even when it goes back to like 80 like 90k or
something yeah that's the beauty of option so funny man uh i thought it was friday
i thought it was friday today man no it it's Wednesday, you know? Yeah, it's Wednesday because the butchery shop is open
Someone said
Someone said do the bye-bye
You don't know the bye-bye thing?
I do, I do, I do. Yeah
With that Trump video
Yeah, I fucking love that video
Trump is such a meme man yeah yeah really really a meme but I mean that's why it's fun it's entertaining it just when it's on the downside it's a bit
annoying to lose money but yeah love Trump nonetheless to be honest I think it's way better than
fucking sleepy Joe I troll a lot about it but yeah I think Trump
is way more positive for America than Biden will ever be
Biden trying to be too human and Trump is just
we're gonna focus on our country
Right now we did bad choice. Yeah, but I mean it is what it is You know like sometime you gotta lose also you cannot always win
We were just on do you know somewhat a Korea trader named Han Soler
Han Soler, let me see if I can send you his profile.
Yeah, because I have
a better memory for profile
pictures than for a name, to be honest.
Yeah, I know. Me too.
I saw you change yours. I just sent you
Han Soler.
He's a Korean options
trader. Been in crypto
for a long time. And we were on stream
last week and he said the same thing as you. He in crypto for a long time and we were on stream last week and he said
the same thing as you he said that for a long time like he thought that united states was going
downhill uh with the leadership the political leadership yeah decision making um and also like
americans just lost all respect uh like everything. Oh yeah definitely.
People making memes about Americans eating burgers every single day, we're fat.
Which some of it is true, I'm not gonna lie I'm gonna eat a burger later today.
I haven't had one.
You don't tell the fucking cliche of it then.
No I haven't had one in so long but i i need to live
up to the name obviously but he said the same thing as you he said that this leadership like
scott besant uh trump it's much better for the perception of united states as like
the the quote-unquote big bad boy in the world so it's so interesting that you know both the european
i mean obviously you guys are just sample size of one but now we're hearing it multiple times
like from asia right and and now france like it's just nice to hear because i think it's true like
my friends in argentina they're listening right now. And they said that, you know, like for a long time, they thought Americans were fat, dumb, stupid white people.
And now, you know, maybe maybe nothing that much has changed from six months ago.
But at least we get to buy cheap Bitcoin, right?
Yeah, I mean, yes, that, that's definitely a great point.
I wish I sold before buying it back lower,
but yeah, definitely a great point here.
Just I didn't sell before,
so I cannot buy what I don't have anymore.
Hey, man, you can always sell some spot
and buy call options.
I don't recommend this as financial advice, but it is an option.
I definitely hear you saying financial advice.
Sorry.
Provides financial advice on stream signs off by saying not financial advice.
No, yeah, but that's good.
You gave me the idea of 100k call
because i was too much into just i maybe need to edge i maybe need to edge but
yeah if i edge and i still keep upside possibility that's great and if i lost yeah i lose more but
i'm edge on one leg which is but basically so yeah maybe some multi-leg
or call spread right like i mean yeah yeah gun to my head i don't know exactly i can't predict
the future but what i'm seeing is that april is the peak fear month right so yeah like we're
gonna chop out a bottom here at 75, if what I think is right.
And then we have a positive May,
which is the opposite of sell in May, right?
Like we go up in May,
or we go up at some point in April
when this stuff kind of clears out.
That's my bet, at least.
I know a lot of the Greeks Live Telegram community
are very, very bearish.
I'm like the only,
there's only like three other bullish people
It's very contrarian to be bullish here, which is why I think that like I prefer
To be on the contrary inside even though it feels terrible
So bad Data on June call how much I lose for a day?
Let me see.
36? It is? No, yeah. So it's what?
I have to pull it up. I'll give you the exact answer.
It is so June 100 K is
It is a
25% today. It's a 20 Delta call. Wait, let me filter on the theta
Okay, there we go. I would like to know negative 36
Negative 36. Yes
I'm pretty sure it's like 0.05 percent per day as a
decay I don't even calculate that I don't I don't calculate I just know I
have two months and I know and if you want survive exactly and if you want
like call spread it right like long and maybe even dial it back down this
is obviously a very extreme contrarian take right now but i think that's it's this is the time to
take those positions right um if you don't want to be that contrarian i would you know i'm not
going to recommend financial advice but i would say long 90, short 100. Right?
For a bounce.
Call spread.
I'm not too... Like, I'm okay losing
this call option. It's a bet.
At the end of the day.
I just don't want to Pico...
Actually, I think I might T-WOP
a perp, maybe, as well.
Around these prices
Yeah, because I feel like the stop is so easy the stop out is like where it's what 77
So what you stop at like the low right 74 75
I lose 3k I
Lose 3k to gain and my upside targets 100k
Yeah, like that's in my opinion a pretty good rr yeah
but that's why i prefer option where i'm like okay i send the 2k position and i just can close my
eyes there is naturally leverage link to it but you're not gonna be liquidated for it because it's
we dated for it because it's a call fixed risk yeah it's fixed exactly not for a put that's the
issue with put and that's why i don't recommend people to do put until they understand property
option but yeah for a call it's totally fine you mean for selling or longing them longing longing
yeah yeah selling is the same at the end of that No, actually you're limited because if it's got like 0.026, that's the maximum you're gonna pay.
No less 0.0255 because the limit is four digits. So yeah.
Yeah, I like options here. I think this is a great place to use options, a great shill.
Yeah, yeah, yeah.
To be honest, great, great ideas.
That's why I like talking with option people,
because it's not just long or short.
It's maybe a bit longer term ideas sometimes.
Because when people are long and they're going to say to you,
I aim for 100K, reality is after a 5k bounce they already
took profit right that's what happened with majority of perpetual trader yeah it's hard to
hold the swing sometime especially like max fear everyone is telling me do not sell puts
so that's making me want to sell more puts actually i'm gonna sell more i'm gonna sell
more put spreads if you are a beginner no never sell put but if you are experienced you know how to limit the downside of it
Like you just add one leg so your last is flat instead of linear and it's fine, right?
Yeah, it's a bit more expensive
But yeah beginners selling put they just gonna have a linear lost leg and they're gonna get liquidated
if they're wrong so that's stupid yeah 2k 2k
i'm thinking about it because you could do 10x actually on that one like mara here like if
you're thinking about this i you have some spot so yeah, let's say you want to sell some spot or
Or would depend I don't know what you exchange you're using like some if you're on Deribit. I mean you use Bitcoin obviously
Yeah
You know, okay X and by bit they do stable coin options
So like you can if you're gonna do one of those exchanges, you know, you can sell spot and then long call option, right?
Your max loss is limited. And if you think, you know, we're gonna go to 50k.
I mean, then you just you save yourself money. You lost 2k on the call.
But you know, you sold your Bitcoin spot. So at least you protect yourself there.
So at least you protect yourself there.
Yeah.
I think that's an option here too.
I think that's an option here, too.
Obviously, I'm long spot.
And I'm long calls.
And I'm thinking about doing perps.
I'm trying to get max long in the global financial crisis 2.0,
as some people are calling it.
Yeah.
But no, actually, I think I'm going to buy...
Always fade CT.
Camel says always fade CT.
I'm going to buy 5 to 10 contract, I think, 100k.
Because I don't have enough conviction to put size,
but I think like 2 to 10k lost is very acceptable.
Because if we rally really hard, it's least a 5x on the position like if we rally to 90k i think that's a
5x strict minimum if not more depends on the velocity right um but yeah yeah that's why if
that's take time but the idea is somebody gonna balls out out and it's going to unwind everything, right?
That's what idea we got.
Yeah.
I hope the bet is on positive outcome here, right?
Like someone could say, someone could equally say this is the time to buy puts.
There's a financial meltdown.
There is a second leg down.
Oh, yeah, definitely. Yeah. there's a financial meltdown there is a second leg down oh yeah definitely yeah yeah so
someone can easily say the same thing just the opposite way uh it just depends on how
i think there is more argument to the downside but once again that's not how work trading
sometimes you have those very specific setup where you're gonna pay a very low risk and
having a very high reward 100k for june is one of them where you bet that somebody gonna peace out
we're gonna ride it to 80 85k maybe you're gonna 5x your position option and you go out that doesn't
mean we're not gonna go down more after after, right? That's something totally different. Even if the global trend is downtrend, you can have a ready profit from it
on an option call and be like, okay, I'm good.
I'm pissing out.
I take my profit and we can keep the market, you know?
So now you think that's a great idea for the idea of losing 2k for a reward of 10k.
Very low risk yeah but that's something i'm i'm
gonna buy some but i'm not gonna keep an eye on it because i know donald trump gonna say some
on twitter and i'm gonna lose my mind well i'm on stream with you know what we have a thousand
six hundred people and they all know I'm long calls.
So now if I lose, I'm going to I have to delete the entire stream.
It's going to have to come down.
Yeah, no, I'm fine taking that risk.
Also, I'm not going to recommend to people because the issue is people in city, most of them.
It's not me insulting them, right?
But most of people don't understand options.
So I don't see myself tweeting,
Hey guys, I'm buying 100k call
because I don't understand how it's working.
It's really bad for me to recommend the product majority.
Don't understand.
But as an option trader, it's look decent.
Maybe I'm gonna lose some money.
Maybe I'm gonna win.
It's look decent as a side bet, you know, but I still need to consider if I edge my spot or not, which is the most annoying part.
That's really the hardest part of our job, to be honest, like to know when to edge.
And that's something with Neumann City. Nobody talk about edging. They think like it's a fucking mythical dragon. No, it's really important.
Most of the time you have spot because that's how you grow over time because numbers go up.
And nobody talk about how to edge properly. And I don't feel like talking about it neither because
I have a fucking imposter syndrome where I feel like I'm the most retarded dude in the planet.
That's a good thing usually
i'm not sure it's a bit weird i'm always in conflict either i'm a retarded or a lucky kid
or alpha genius and sometimes i have just too much adhd so it's my focus into market
i have no clue to be honest i'm fine saying i I'm retarded. You know, I just go with the easy pick. You're a retarded kid and simple as that.
When you assume you're the most retarded person in the room, usually that's a good sign. The red flag is like when you assume you're the smartest.
oh yeah of course i hate people who think they are smart everybody is dumb
it's just some people working more to be less dumb than others it's fine to be them to be honest
i don't know why people don't have the ego to admit it like maybe both of us gonna lose money
with thousand hundred k call does it make us two-piece not not really we try something it doesn't work
simple as that yep you have to make bets at the end of the day as a trader right
yeah no choice it would be nice if we not forced to do some bet and just win
money but yeah aside if you are rich parent that's not how it's work it's
either as a company or as a trader you need to
to take some risk or get a job right can get a job yeah yeah also because actually my bad
i forget my bad like so you know last question there's a there's a thing on ct where like
if you have a job you're a loser um what do you think about that you think having a job you're
a loser or you think having a job is a good thing now to be honest recently i did consider going
back to a job because be a boss is very annoying you have a lot of responsibility you have to deal
with if the company goes bad they can go inside your home and take your own good, right?
Depending on the structure of the company, you have your responsible for it.
I think if you work just to win money, yeah, that's a bit bad and that's depressing to be
honest, but if you work into something you like you're really
gonna shine and enjoy from my point of view there is some job I really like I
learn a lot especially when I was young and I repair some computer I was
learning every day I was discovering new people who brings a PC I was discovering new people who bring their PC. I was discovering new type of PC.
I was rediscovering some old PC and I enjoy it a lot personally, you know,
because I wasn't having the financial pressure my boss was having to...
I need to find clients, I need to pay the electricity, the building, etc.
I need to pay tax.
So sometimes it's good to be an employee also it's really
depend if you want to just have not that much money and you're okay with get some order or you
want to give order take the risk and maybe do a lot of money but that's not a guarantee. You still need to work extremely hard.
Exactly.
There's a, yeah, I respect a lot of people who work in a job because it's hard, especially people who clean our street who do some food job, which is very
exhaustive, like you do middle of the day.
day then you do the night service you know marianna yes there is a lot of jobs which are
Then you do the night service, you know, Mariana.
extremely hard and we need to respect more people for doing those jobs which are not very good even
people who work on a building in the summer imagine you are under 40 degrees celsius and
you construct some buildings that's like so hard you you
got to respect people who do that not gonna lie yeah i know i think just ct has some interesting
characters where they they call them wages you know like you have a job you're a wavy you're a
loser oh for me wage is not bad when i say wage cook. It's bad, but when I say way it's more
He's saying worker does as the slang, you know not
But more do you know I am no mad? Yeah
Yeah, he just said I'm not awake enough for my brain to adjust to French English
Minions in my head
Andra says don't smoke and then how do you head your spot?
That's such a great combination of like tweets
Don't smoke. How do you hedge your your Bitcoin spot position?
Don't smoke. How do you hedge your Bitcoin spot position?
For aging, most of the time I do future because at the same time I can collect some cash and carry.
Basically, I have already my long leg and my short leg going to be one who going to collect the premium from the future.
When I mean future, I mean quarterly contract, which you directly have the premium inside the contract who act like a funding.
Most of the time I do like that.
Sometimes I do with options, but only if I'm early to something.
If I'm late, like right now, it's too expensive.
It's way, way, way too expensive to...
I'm going to buy five to six percent for the same position as a fee which is stupid from my point of view it's me
who done some you know whatever no yeah it's expensive it's way too yeah like i know my spot
i mean we've been in crypto for a long time like our spot cost base is quite probably quite low but
for the people who bought 100k they're down 30 percent like you and i we went
through minus 80 so it's kind of like welcome to the welcome to crypto kind of thing the yeah
there's some funny people i don't know who hoot is he's probably one of your
followers but he's saying maru reach skibbity emerald edger rank and jerk me
emerald edger rank and jerk me
What are your followers your followers are savages murad said all-time high
I feel so bad for murad. So okay, you've been retarded last few months, but I still feel bad for him because
Once more I can't go up everybody see him as a as a genius but when it's go down
he's gonna get shred and you know nobody is forced to follow his position if you want to be a
degenerate bless you do your you know i'm not gonna follow whatever junky you are doing
but murad is probably in the worst position where he forced to do some stupid shit because he used people way
too much to his stupid meme coin opinion oh my god it's probably a terrible position to be that's
why i don't like meme coin because it's a bunch of junkie who needs their drug you know so yeah
it's not really enjoyable to to have those type of people in your daily Twitter, Discord, Telegram interaction.
I prefer talking to traders directly.
And I'm not saying meme coin are not traders.
But as you say earlier on, it's a very, very different style of trading.
So, yeah.
It is, yeah.
They use hype analysis,
and we're talking about geopolitics.
You know, sometimes, actually, I wish
it was as easy as
hype analysis, because now we got
to deal with this geopolitical
mess. Yeah, and
the bond. We have the macro
bond take now.
I know. This 10 year is
still, what is it, at 4 4.4 it's at the prior
month high search year I'm looking at 10 year oh 10 yes or she is at 4.85 so
probably five soon if she doesn't set them yeah and I'm looking at VIXX it's kinda calming down
VIXX is so weird as a product
I love it but it's so fucking weird the way it sucked
well I mean if we explode upwards from
the fact that it's this elevated for what since April 4th
it's now April 9th five days technically where it's been
this elevated you know policymakers are definitely keeping they're definitely on watch right now
oh yeah yeah yeah yeah yeah yeah yeah they don't want this to explode, right? That's a really important part of America.
So that's what you just said is the answer to whether we go up from here or down from here.
Are they going to let it explode or are they going to have to come in?
The bears are obviously saying, are you guys dumb?
you know like this is are you guys dumb look at this it's about to explode like and then the bulls
Look at this, it's about to explode.
are saying you know they're gonna step in and they're not gonna want it to explode that's that's
the key to all this in my opinion yeah yeah yeah definitely i mean but once again if they step up
too early they're gonna be seen as bending the knee which is problematic for them and nobody want to be the first one to bend the knee in front of the worried scene, you know?
Yeah, no, but but if it comes to like financial stability, I think that
They will anyways they will be forced to do so
Exactly, they don't want another Lehman Brothers, right? Like nobody won 2008 again.
Even if we got worse than lost, if I remember, the loss of the last few days is worse than
2008, which is very impressive when you think about it.
I just got a headline, Prada deal for Versace at risk of collapsing Wall Street Journal
The market just moved up
Yeah, I need to
Derry beat Kawaishi. I need to do that
Dude, let me send you my ref link man
I'm already have an account, but they change they say warning your account has been changed to Regis only
You have not completed the Kawaii refresh
It's been a while I didn't open there a bit but I know it's the best place also so
Yeah, yeah, yeah, yeah, it's time to Kawaii
All right, man, I'll let you doaii. Alright, man.
I'll let you do that.
This was really fun.
We're going to sign off here.
Thank you to the 1,654 people tuning in.
Do us a favor.
Retweet.
Small favor.
Helps the algorithm.
Thank you guys for joining during this super volatile time.
And Marusha, man.
So fun to always catch up with you. Yeah, it's always a pleasure to get on call with you it's always a pleasure yeah if if shit blows up the fan i gotta
come to you um and i'll sleep with the cats yeah because i was about to say that like you're gonna
have two fucking cats on the sofa literally you're gonna have to fucking cut on the sofa, literally.
You're gonna have to share with them.
I like the meow-meows, man.
The meow-meow.
Yeah, they are cool.
But, yeah, always a pleasure.
And, yeah, we're catching up on DM as usual, anyway.
For sure.
All right, everyone.
Bye-bye, or ciao.
