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How down bad are you?
Recorded: April 3, 2025 Duration: 0:14:27Space Recording
Short Summary
The crypto market is experiencing fluctuations, with Bitcoin and Ethereum showing signs of growth, while the stock market faces declines. The crypto gaming sector has encountered significant challenges, but discussions suggest potential recovery and ongoing interest in projects like Pengu.
Full Transcription
Music Thank you. Music Thank you. Music Thank you. What's up what's up what's happening i don't know it's just bored so i put spaces on
i don't even know what to talk about anyone you want to talk about uh any stories how damn bad are you any liquidations uh
i don't know what's going on with the market let's see let's see
okay we got a little bounce on bitcoin from 82K to 83K.
Let's see what happens.
We got Ethereum from 1781 to 1870.
Solada is at 120.
They have 116 lows.
Let's see how stocks are doing.
Stocks are down like 4%. Stocks are showing a little bit of a rebound right now.
They're down 3.6% of the day.
They were down like, they were down a lot more earlier.
Gold's pumping, of course.
Gold's always pumping.
I don't really have any major positions here.
But.
Does anyone want to come up? Talk about anything?
come up talk about anything someone we got here oh it's Jonah where wants to
Oh, it's the one we got here.
Oh, it's Jonah.
come up just jump up I don't really care you hello Jonah how you doing good sir
got any dumb bad stories or anything
dumb bad stories or anything?
Yeah.
Been working in crypto gaming
for almost six years and the entire
industry died in the last two months.
Yeah, it's tough.
Well, Godzilla seems like
it was a good launch, though.
The launch was shit. The game's great,
but the launch was terrible. Oh, really?
Give some color.
Okay.
All right.
Imagine this tokenomics, okay?
You'll get it.
Imagine you launch at a FTV of a billion dollars on Binance,
but when you launch the token, there's only 6% in float,
and four of that's to Binance stakers, and the other 2% is liquid.
Oh, shit. Damn, that's to Binance Stakers and the other 2% is Liquid. Oh, shit.
Damn.
That's tough.
Yeah. Game's great, though.
It's a great game. Yeah, game looks sick.
Well, that's a tough one.
They can come back from it, but
probably... Alright, so I'm being
hyperbolic.
I don't think crypto gaming
and gaming stuff is dead,
but it's going to be tough for at least a year.
Yeah, meta change.
But it'll come back.
One meta and two.
People just get bored very easily and look for a new thing to play.
And I think people are playing games.
It's just on abstract or it's in the casino.
I mean, a game can be defined by many things i think
fucking doing studio ghibli on chat gpt is in some way a game so you know but yeah down down bad
down bad story.
Not for me, fortunately, but I saw some dude today who posted that he was, like, invited to this Discord to, like, get involved in, like, seed rounds for coins and stuff.
And, you know, he ended up, like, sending $100,000 to these dudes.
And then they sent him, like, this executable file with like investment
details and that's when he realized he'd sent you know a hundred thousand
dollars to scammers so i can't imagine much worse being down
than that that's pretty bad damn that's tough
who else we got here inc Incel, Intel. What do you got, buddy?
I just got one question for you.
Can you hear me?
Yeah, go ahead, man.
So, in my head,
what news can get worse than it was today?
Basically, specifically in terms of tariffs.
I'm talking stuff like within reason. Because in my head's like this kind of like rip off the band-aid worst
news and then from here we have like a bunch of little good news that can
happen right like every like little time a terror you know so it's one is you
could just have no resolution for days, for weeks, for months.
All the countries just bleed out.
And then somebody has to be like, oh, shit, I'm tired of dying or whatever.
That's one.
So it could just be prolonged.
So that's a bad thing. But also remember, American economy is also not that great, right?
Inflation is still sticky.
So if inflation starts moving higher and Fed's like, all right, we got to raise rates again
or some shit like that, that's still a lot of potential bad news.
I'm not saying that's going to happen, but to your question, what could get worse?
I mean, it's not even that bad.
You have payrolls number on Friday,
like employment data that's once a month that comes in.
You know, you could have some bad data then,
and even that could be a huge catalyst for a move either way.
So there's always potential,
but I think what happened is the worst case scenario, I think, was like 25% flat tariffs across the board.
And then it just was like all over the place.
So it was much worse than the expected worst case scenario, which is why the market dumped initially, at least.
initially at least.
But, man, you never know.
But man, you never know.
I just read somewhere that South Korea
just called for a meeting overnight
or maybe whatever time it's over there
to try and figure something out.
It's the morning. It's like 10 a.m. I think.
Is that what it is? Yeah.
A lot of these countries are going to try and...
I mean, you can see that currencies overnight
are just getting destroyed.
Japan's down like 6% their stock market.
So, you know, these people are gonna like come to the table at some point you never know in 24 hours we could see 50 60 percent of the countries that saw tariff head come back and be like all
right we're taking everything off uh bring bring plus to zero or whatever. You never know. Anything possible, man.
I got one last question for you.
Sorry to cut you off.
Do you like tits?
Tits? Yeah, I love tits.
Oh, is it like some tic-claim
shit or something?
I do not, man.
I appreciate that answer
to my real question.
No worries.
Cheers.
Catch you.
Jazz, what the hell
Yo, so um
Where's this fucking space okay my bad my bad all right now I just wanted to ask Bob I saw him speaking
I was like and I saw him with the Pengu thing by his name.
And I hold like quite a lot of Pengu,
and Bo said that he wasn't down bad,
but he has like the Pengu thing by his face.
So I'm just like wondering like what's going on without Bo?
What's the plan with Pengu?
Looking at your pinned tweet, you know, it says,
now everyone can join the huddle. What's the plan with Pengu? Looking at your pinned tweet, you know, it says,
now everyone can join the huddle, a thread on why Pengu matters and how to stay safe from scams for them coming down.
Bro, what just happened?
What's happening with Pengu?
Fuck.
Oh, my gosh.
I think, you know, where it's the market's been rough, man. So I think, you know, where it's, uh, the market's been rough, man.
So I think, you know, the vision is still the same.
Uh, I think we're reaching more people with the Pengu IP than we've ever been.
So, you know, it's, I'm not going to sit here and say like the price hasn't sucked for a bit, but, um, you know, the, the vision hasn't changed.
Um, so we've got a lot going on.
I think the fundamentals of why should people care about this,
that's not changed at all.
So just market sucks right now.
If you're not in house coin.
Yeah, I'm in house coin.
I'm not woke.
Wiz, my question for you.
Isn't all this shit just manufactured fear
that can easily be fucking turned around?
And in my eyes, long term,
this is kind of what has been needed,
is for America to pull its dick out and start swinging?
Did we lose our hosts?
Wizard.
Word.
Well, then I'm just going to keep talking.
But, I mean, here's the thing.
We just had a fucking mega bull run solana was at eight dollars a
couple years ago if you've been in crypto for a minute you had a ton of time to take a lot of
fucking profits so everyone's shitting their pants and you know freaking out all the time but
it's just like how stupid were a lot of us you know i mean like were we really waiting for
solana to hit a thousand dollars again like you know i mean like come on you know all i'm saying
is is i think overall the markets are going to turn around because we got fucking daddy trump
at the helm and he's just playing games and everyone's freaking the fuck out. But it's not like we had like a fucking World War Three or a COVID like event.
This is all created fear and panic, which knowing Trump and his fucking ego at the flick
of a switch is going to turn this shit around and say how he saved America.
You know, that's that's just my eyes.
And a lot of the shit that's happening kind of needed to happen.
I mean, I have strong opinions.
