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Market Talk: 35k BTC? BIG WEEK incoming for crypto!? BTC dips to 89k!!
Recorded: Dec. 5, 2025 Duration: 1:13:49Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the current market trends, highlighting the mixed sentiments among traders and the potential growth opportunities in select projects. The conversation also touched on the rising interest in specific tokens, signaling a dynamic landscape in the crypto ecosystem.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Okay.
I can't remember anything. Can't tell if this is true or dream. Deep down inside I'm feeling a scream, this terrible silence stops in there.
Now that the world is through with me, I'm waking up by giving out sin That is not what you say unto me
Nothing is real with me
Now hold my breath inside a whisper tear
Oh please God wake me Music
Back in the womb it's much too real
And it was not that I thought it's real
Can't take a toll with you for a deal
Look to the time when I live
That did a good thing sticks in me Oh dear, look to the time when I live, and do the good things to me.
Just like a wartime novel, dear, tied to the sheets and made me free.
Cause this life I've from may I hold my breath, it's I wish for me.
Oh please God, God, wait. Music
Now the world is gone, I'm just born
Oh God, help me
Oh, my pretty style is much easier
Oh please God help me Thank you. music I'm going going to hold it safe.
That's taking my sight, taking my streets, taking my hearing, taking my arms, taking my legs, taking my soul, and you're like real. Yeah! so Thank you. . so so yo what's going on guys happy friday happy friday welcome back to market talk y'all bit of a choppy
day across the board uh some people uh calling for um some doom next week uh honestly man the
crab has a way with messing with people's minds but you know, I hope you guys are all having a fantastic Friday.
Honestly, it's a beautiful day, whether it's a bull or a bear.
I'm just happy to talk about these markets with you guys, honestly.
And we're going to go ahead and yap
and yap about what potentially might happen.
The discussion that we were having yesterday,
you guys should definitely check it out. We had a pretty
Awesome discussion with myself
We also had a uncle Gary up here. We had uncle Joe up here and I think we also had a
Had Tommy and Louie that that that was quite a cook session it might have been Wednesday
But I know that that the team has been with me consistently almost every day here on these spaces.
So definitely check out yesterday's space and also the Wednesday space.
Those shows were honestly great, even though the Wednesday space was quite messy because Spaces was not working. I know earlier today Spaces weren't working as well,
but I just want to do a little mic check.
Prometheus, are you guys able to hear me?
Yeah, I can hear you.
Can you hear me?
Yeah, yeah, yeah, yeah. I just want to make sure that, like,
this platform is actually working today
because it's honestly shocking.
I'm pretty sure Louis was on was on the spaces with us uh
yesterday same thing uh with tommy he came in for uh for a few seconds and i and i know because i
made some like scrambled eggs joke and dude funny enough man i actually did have scrambled eggs
shortly after the space and the next day here we are with uh with a bunch of chop man but um the state of
on chain is has been so secluded to only a few select names like every few days vc makes a new
all-time high umbra and uh solomon basically names from metad, which is like the weirdest thing ever
because the MetaDAO token hasn't exactly appreciated a lot.
At least from its recent high of $10.
And I think the amount of fees that they've made is like not even over a mil like light light like lifetime
fees which is kind of crazy to be honest but um i mean across the board man um at least for majors
just chop chop chop chop chop uh really it seems like we need to get above the yearly open for btc
to get any sort of constructive price action.
Meanwhile, in Equityville, you've got the IWM still within those highs at like. Price discovery. price discovery and um you know we might see that that magical number on the s&p
of 6900 which is gonna be such a memetic number man it's gonna be such a memetic number
and i i actually wonder what happens once the s&p has a seven on it
happens once the s p has a seven on it and i really want to see what crypto does at that point man
um because if anything really this is probably going to give me some like
second half of 2019 vibes well let me see prometheus i'll send oh louie requesting to speak
it's giving me like 2019 vibes where equities have this like raging bull market and crypto is
very very very secluded in opportunities and the thing with on chain man is like
when you only have a few select tickers where everybody is hiding in, and my timeline is now GM bank owners,
GM bank owners with the Avicii holder count,
it makes me start to wonder, like,
is the market in danger of having a wipeout?
And the reason why I say that,
even though I lean optimistic at this point,
is because if you remember in august
of uh of last year you'll remember that if you had any skill on chain during that time period
in the summer of last year you were hiding in giga you were hiding in retardio you were hiding in
nero you were hiding in billy and we all know what happened, right? We had that severe
flush after the BOJ raised rates. The market did nothing for weeks. And then the skibbity toilet
brain rot meta came to fruition, which was honestly fun, bro. Sigma, lock in, Gigaa skibbity toilet um ticker rot that was a fun one as well
uh gosh mog was another one also um that one trended for a bit before like
phase banks even mentioned it um near the top in January. That thing was trending.
Those were some fun times.
Oh, Afro is here.
Dang, it's going to be a pretty lit space today, bro.
That's what's up, man.
So on-chain is just like, I think it's waiting for Akita, in my opinion.
I'm hoping Avisi can actually be like that instead of, like, this, like, echo chamber of KOLs coming in and really just posting the same copy pasta threads and all of that.
I like the ticker, though.
i like the coin i like what they're doing it's actually a real product and i think the reason
I like the coin.
I like what they're doing.
It's actually a real product.
why it did so well man is because like dude they fair launched at a three to four mil valuation and
i think the market is going to have more of those opportunities next year um i just think for the
rest of the year man like i it's really difficult for me to have any sort of insane, bullish euphoria in me.
For next year, I'm, like, stupidly bullish.
Just for the remainder of the year, bro, like, I literally think Max Payne is just chop, chop, chop, chop, chop, chop, chop.
If you guys have, like, any tickers you want to talk about,
feel free to put them in the comments section.
And as usual on Friday, guys,
I do like to bring some of the community up here.
We usually do that on Fridays.
But once again, I'm probably going to say this
for, like, the next week or or so just to have our usual audience if they're listening to this recording convert over.
But Market Talk is now going to be hosted at 3.30 p.m. EST rather than 4.30 p.m. EST.
The time slot allows some of my other teammates at BB to come on and join me for these spaces to yap and rant and talk shop, all things markets.
So we're going to be starting at 3.30 p.m. EST instead of 4.30 p.m. EST.
So, yeah, we're going to go ahead and open up today's show to the audience.
Just click that request button.
I'll bring you right on up.
If you have any questions
um just put them in the little pill thing the chat box but if you want to actually yap markets
give your thoughts just hit that request button that's something that i always like to invite you
guys to do is to talk markets rather than just like ask a question and it's really shallow, just a question, right?
I try to not make this the late night show with Jay Leno where it's just me asking questions or questions being asked.
I feel like that doesn't really give depth to the conversation.
A conversation should be fluid and it should have some form of depth, should have some interaction rather than this boring stuff if you're bullish or bearish.
So if you guys want to talk shop, come on over here.
I see the best Chud Jack enjoyer in all of CT, Snorlax.
I'm going to send you an invite to speak. Even if you can't speak, just accept the speaker request
so everyone knows that the Chud of all Chuds has joined us here on the space.
You know what's funny, man?
Chud Jack as a meme never actually took off on Solon.
I think it reached that usual low-ball ceiling on Sol, that mid-low tier low ball ceiling onsole, like 25 mil, 30 mil.
I'll call it the chill house ceiling, right?
The actual ceiling of the house is 25 to 30 mil, which I think that's where Chud Jack peeked out at.
I think that's where Chud Jack peeked out at.
But, man, if that meme came out in late 23 when Whiff was trending,
probably would have gone to 100 mil.
And speaking of other memes, man, there's this video that Moonpay came out with.
I'll probably put it on the nest at some point.
But it basically showed all the trending memes on soul
in late 2024 and then it showed them where they're at right now i forgot how the song goes
but i'll put it up on the nest at some point but look i got louis i got prometheus i got afro up
here if you guys can go ahead and show some love to the space, I've got cotton candy grapes.
So I'm expecting today's show to be pretty nice.
And if you're eating grapes,
I do recommend that you wash them with water,
not from the sink, but water that you would drink.
That actually makes grapes taste a lot better.
So guys, just go ahead click the spaces tab and then once you do that you'll see a nice link that says x.com slash i slash spaces
if you guys enjoy the grape alpha hit the like. If you guys enjoy the market alpha, hit the repost button.
If you're bearish, hit the like button.
If you're bullish, hit the repost button.
And it also does a number of things.
First thing it does is it brings a tickling sensation to Larry Finkelstein's pants,
and it helps him press the buy button.
And it also helps please our tech overlords over on x specifically grok grok is now
the overlord of this platform so we have to please grok and all of its needs it makes me kind of
wonder like what does grok identify as is it an it is it a they of them? Brock is actually in charge of the Yago.
But, man, I'll pass it over to Aphra.
I haven't heard from him in a minute.
What's going on, bro?
Dude, I called you on Thanksgiving, bro.
You did, man, and that was so nice of you.
Yeah, I actually do that.
Sometimes I actually, like, when I find some spare time,
I just call people here on X
You've done that a couple times with me
You know we've prayed it up together
And we've you know we've been just
Sharing bits and pieces of life so I appreciate
That bro you know it's been
Sorry I haven't been on I mean I think I messaged you
Man 2.30 is kind of hard for me
Just because of work stuff but it's
Friday so you know
Things wind down on friday
thankfully i gotta hit the gym after after this i won't be able to save for too too long because
i'm already late for the gym but um no man um honestly dude i've been hella checked out um
i've been messing around with you know um i have a perp account on variational and another one on hyperliquid.
And I just, you know, just mess around there, do some shorts, do some longs.
I've made money, which is great.
But, you know, I've been I've been just chilling and just max relaxing, dude.
I was I took a trip with the wife and, you know, my wife's aerophobic, actually.
So she hates planes and she
can't can't fly on planes but she did it for me so big ups to mrs duck because uh she overcame her
fear and that's a big thing for anybody for any year right so super proud of her for that and
other than that dude i'm just enjoying being in stable coins at the minute. And as much of a boring guy as I might seem to be just use Ave 9%, you know, that's kind of hard to pass up and just park stables there, insured up to a million bucks.
So, I mean, I think that's a very safe space for anybody just to stack some cash, which I think that's probably going to be the move.
Going into 2026, going into 2027, I don't see Bitcoin anymore really hitting maybe more than $102K, you know, the infamous 50 week.
102k you know the infamous 50 week um i've been wrong and if i'm wrong on that well then cool
because that means i'll be purchasing something and hopefully catching a write-up before it goes
down but i think i really think my plan for this year is to chill pay some taxes and um basically
after after december 1st i'm i have all the payments already done and i'm
debt free brother so it's a good feeling it's a it's a good day in the in the pond that's all i
can really attest to afro so basically you're a four cycle believer is is what i'm hearing
everything one in one ear not the other and now I'm just
shocked we have a
four cycle believer
I wouldn't say I'm a four cycle believer
I wouldn't
say I'm just
it's the market we have right now
the market we have says
it's not that great
we have a weak market everyone's looking for excuses
to go up I was just in a
couple of uh discord chats with some buddies and when they're saying hey what about such and such
token or what about such and such token there's something happening here and i'm like yeah but
now that i think about it we're looking for excuses for why this token should go up and that is typically the sign of a weak market so
eth couldn't get as much as i love eth and i will be a forever buyer of eth until it goes to zero
but tom lee couldn't pump our bags michael saylor could not pump our bags meeting with like wasn't he talking with or it
was it larry fink larry fink that's what it was not sailor fink couldn't pump our bags talking
about sovereign wealth funds uh buying bitcoin which i think he was probably just talking about
like the uae or whatever but regardless that couldn't pump our bags um and no one is bullish so this is either
a really great time to buy or it's not right just like every other time but um what if we just
arrange until the summer that's what i think max you're you're right that's max pain that's max pain
Max Payne. That's Max Payne.
You know, what if we're doing
the same thing that we did
in March of
2024, where we make
an all-time high, but
not by much,
and then we just go sideways
for, like, five months,
and then we
Omega Nuke at some point.
I actually think the next top, like,
the next big top happens before the
um like if if if this is going to be like some strange market of higher highs and higher lows
right and maybe 80k was the low i i would suspect that like that that's the furthest that we can
rally into.
There's a little bit of self-sabotage there, bro.
Say that again?
There's a little bit of self-sabotage there because everyone was saying 80K
and then some people were saying 60K
and I'm not listening to those people.
But some people that I do listen to for good signal,
they're ranging between 80 and 76, maybe 70k.
Ken thinks we go to 35k,
bro. Nah.
Wait, why don't you think we can go to 60?
What's wrong with 60?
There's nothing wrong with 60. It's just I don't
think so. I don't think so.
That's it. What's wrong with 67,
man?
67, 67, 67,
67, 67.
You know the POC of our range that we set in 24 is that 67k is it well i mean that would it would make sense because i mean if
you're a four cycle believer you would say that hey we're gonna hit 69k and that's gonna be our
low or 67k which would be our low right so it's not impossible i just don't think it's going to go to 60k as in six zero
so maybe maybe maybe you're right i mean i don't know i don't have a crystal ball and i'm not
i'm learning more and more that i'm not really um i'm not a trader man i'm just trying to
accumulate and sell at advantageous positions as as as little as i can because the psyop that i was talking about is we
think we have this number on our head that we think is going to hit and traders like prometheus are
much smarter than than than i am um you know you have to i'm learning more and more that you have
to get those notions out of your head and just see what you know just read the chart and see
what it is and if you can do that without having your predispositions, you know,
overruling like whatever decision that you, you,
whatever the chart is telling you, right.
Then you can probably come out on top, but I'm, you know, not there yet.
So, but I, I just don't think that we're going to hit 60 K.
I could see us doing a 69K.
But the PSYOP really was, hey, everyone is saying such and such number.
So if everyone's saying such and such number, it's not going to happen because you have that, you know, third mass, that mentality type of thing.
I have a number.
What's your number?
My number is Monad hitting the all-time high valuation for shui
in the next two to three years and i think that's a pretty good trade because there's nothing to do
on sui um if you actually look at like the sui kols dude like they're all from like uganda
and it's all like these these slot bot people that are working for like
ten dollar airdrops on kaito with these weird protocols on sui that get rugged
like you understand bro when you look at sui and its metrics it actually looks like a money
laundering chain like number one why is it so valued why are there so many stable coins on there why does nobody does anyone even
know like the the founder of suey like do they have nobody knows anybody who actually uses suey
yeah i was having a conversation myself who's ralpo oh through that guy dude that's the dude
that's the dude who like every cycle he says he's on the board like like, every cycle he says. He's on the board. Like, oh, every metric right now is signaling that we're about to have an insane rally.
This is crazy.
And then, like, his pay group was.
Oh, my goodness.
That's him.
Yes, bro.
That was lit, dude.
That was actually a lit time. Cause
then like the market just like Omega nuked a few months later. Tommy wants to say something
about Raul Paul. I want to hear what it is. Oh, his name is actually Sully. Sully. What's up,
man? No, I wanted to say something about Sui, man. I, uh, Sui man, not the coin, just Sui comma man. Um, no Sui I'm pretty, okay. This
is like totally not based on anything like super concrete. There's some evidence, right? I mean,
you can find it if you search hard enough, but I'm pretty sure Sui is just like a money laundering
chain that they use for, uh, like-chain rehypothecation i remember
majin talking about this last year but i'm pretty sure that's probably why suey wick down like 95
a few weeks ago yeah i would agree man. What is there to do?
Can anyone name any protocol?
So I had this conversation the other day.
Apparently, you can get like 30% on your stables doing some exotic stables, like yield farming through there.
And I'm like telling these people, like, this is stupid.
Why would you just be there and take the risk of that chain not working or going
to zero? Cause it's going to go to zero. Thank you. Thank you. And, uh, these guys are just
anyways, but I mean, I'm glad I'm not the only crazy person in the, I'm not the crazy person
in the room this time. So you just can't be the last one out the door on something like that.
Thank you, Prometheus.
You can't be the last one out the door on something like that.
What is the movie?
He goes, you got to be quick, be first, cheat, or something like that.
There we go.
Hell yeah, there you go.
That's a great movie.
Yeah, or otherwise known as Scar from Lion King.
That was Jeremy Irons, man.
They probably won't ever make a movie like that.
The Big Short is now a cringy movie.
It is very cringy.
Same thing with The Wolf of Wall Street.
I tried watching that movie, and looking back,
it's like super, super corny.
You want to know what movie is Alpha, though?
Forrest Gump.
You want to know why? Gen A. forrest gump you want to know why jenny that movie
no no no that movie came out in 1994 and forrest gump bought apple stock apple yeah he bought he
bought apple stock okay now just to put this into perspective okay now apple stock right in 1994 can anyone guess its price because i'm about
to go on google right now can anyone guess the apple price can anyone guess in 1994 $194. The average price of Apple stock per unit was $0.25 to $0.30.
Do you understand what that is, bro?
That's insane.
That is actually crazy.
And, man, if anyone would have taken the Forrest Gump signal,
probably be a
rich man right now man
I wonder if there's anyone that like
had Apple stock and then
just bought a ton of Ethereum
like what if they bought Apple stock
and they held it for like 20 years or something
and they rotated into ETH at like
30 or 40 bucks
I wonder if anyone actually did that, man.
I don't doubt that there's some.
Say what? I don't doubt there's some.
A lot of the
OGE people that I know
kind of already exited in
2021 when we were at
4,500
or whatever the hell it hit. I think it was like
4,500, 4,400.
You're talking about people who, bro, they mined this
or they bought in at like, you know, just post-ICO pricing.
So just imagine being up that much.
That's insane.
Afro, what are your thoughts on Monad, man?
I don't really know enough about it, to be honest with you.
I mean, it's an L1, right?
It's an L1 right It's an L1
Or is it L2
Okay
Why do we need another L1
That's a famous question
I don't know man
That is a famous question
Why do we need another L1
I forgot his name he comes on here frequently though
I don't know what
it's the guy he's a marine i forgot his name oh matthias maybe matt matt yes matt matt he presented
a great question that i didn't i don't really have an answer for, um, is why would chains,
not make their own proprietary chain instead of using,
any of the L ones or the L twos.
Right.
So like,
why wouldn't they just make their own L two L three,
right.
And make it even cheaper for them to do transactions theoretically.
Right.
As opposed to just using,
um, you know uh using eth
arbitrum base monad solana and i i still don't have quite an answer to that but it just poses
the question it's like why not at the same time i mean maybe the answer is well all the money is
already on ethereum and Bitcoin and Solana
Maybe that's the only reason to be there because the money's there, but I don't know people who are smarter than me
We'll figure that out. Yeah, um
I asked this man cuz like here's the deal
Myself and max we made a video on Solana in September of 2023.
Solana retraced from $30 back to $11, and I started playing on Chain on Soul.
Now, if anyone has been a part of the Because Bitcoin Discord since 2023,
you'll know the trade on Neon that I made.
Now, to buy Neon, you had to go on orca and the liquidity pool was so small
you could only buy in 50 to 100 batches if you didn't have a buy bid account there was nothing
to do on solana throughout most of 2023 until bonk started to trend going into november of 2023
going into November of 2023.
And it was dead.
And the question was, why would Solana come back?
Why would the Solana phone even be a thing
if Ethereum has things like arbitrage and optimism, right?
And the thing is, is shiny new products, right?
You are putting the market in the pockets of people via mobile, right? You, you are putting, uh, the market in the pockets of people
via mobile, right? Mobile is the future. Uh, very few people, I mean, with some exceptions,
use, use desktop for most of their trading. Everything mostly is going to be mobile, man.
And what happened happened. The Solana phone was, was uh was a success and with monad my
my my uh like my thesis is like new shiny product man that's that's that's the whole gist new shiny
product unit bias that's another big one and um yeah more or less just have my stick of everything else that hasn't
played out so there's a good chance that if we do turn around it might catch a bid because
why not yeah that's pretty much what i'm thinking on it too you know it's just like yeah do i know
it's going to be the next big thing who knows right but it's a new shiny thing and that's
what this space loves especially when things are moving yeah and and if the market does not have
an appetite for an 01 um and mind you right like when market conditions turn good l1 always gets a
bid say got a bid in 2023 um the issue with say is that it was built on cosmos and we all know what happens with
things that are built on cosmos.
They suck.
Um, a lot of the lock tokens, they get yield.
So there was infinite supply being, being poured out into the market, um, going into
going into 2024 would say.
2024 would say, and in 2024, you had the bid with Sui.
And in 2024, you had the bid with Sui.
And then this year, you had the bid with Story Protocol,
which went from $1 to like $15.
And anytime marketing conditions get good,
new L1 gets some sort of bid.
So that's my thing on that.
But I'm going to stop talking about Monad, to be honest.
Prometheus, give me a bearish take, bro.
Just pour it all out there.
Tell me how much the local price action sucks.
We failed to reclaim the yearly open, man.
Just doom pill everyone, dude.
I mean, we have our resident bearlax in house if uh anybody needs
some good old you know subscriptions from the doctor if you know what i mean um no i mean
yeah it's we had a pretty strong reaction off the you know yearly open thus far it's
i mean pretty relentless selling today versus equity strength,
man. And it's just kind of like one of those questions like, what's, you know, our equities
lagging or, you know, what's going on with crypto? It's like one of the, it's like one,
only one of two, right? It's one of two. And we're just seeing continued altcoin weakness.
You know, true altcoins really just show how much of a lack of a bid there really is in a lot of these underlying assets, if not basically all of them.
And I just don't see right now why buyers are really wanting to step into this market right now.
Institutions have been the driver.
And if you remove institutions from the equation,
which they largely have been up until this point,
or as of right now, at least for the last few months,
it's all the digital asset treasuries have dried up.
You are having, they're now down on their initials.
And money managers don't want to allocate into crypto. It's as simple as that.
You know, a lot of people talk about how great this asset class is right now. But unfortunately,
it's just, I mean, we've underperformed, quote unquote, like one of the safer plays within the
market. And that is just, I mean, you could have allocated into the queues or into, you know,
the S&P or whatever it is, and you would have outperformed Bitcoin at this point, unfortunately.
So I just think, too, and I'm in a similar camp to Afro.
Like, I mean, I'm not a four-year enjoyer.
I just more so respect kind of like the technicals and where we're at.
And I'm not.
And I think that there's a lot of people that are still, you know, very complacent.
And this is not the sentiment that you get at the bottom. If anybody was there for the 22 bear market lows, I mean, you know, what bad sentiment
is like, and we are nothing, nowhere near that. Um, I think that there's a lot of people in
equities that are pretty complacent as well. Um, you know, everybody I know is like, that's
primarily trades equities is like, Oh man, we dipped like 4% fucking by the dip, you know, everybody I know is like, that's primarily trades equities is like,
oh man, we dipped like 4% fucking by the dip, you know?
And like, it's just kind of a question.
How long is that regime really going to last?
There's a lot of hopes that the income taxes are going to get, um, I don't know, like we're
not going to have to pay income tax anymore.
And if that's built off
the back of terrorists, and if terrorists like, become proved or proved like unconstitutional for
whatever, you know, mean or manner, that kind of argument collapses in a big way. And I'm not like,
I don't want to be like Doomer. It's more so just what I'm seeing from a structural perspective.
Like, I'm not saying like price, you know, shouldn't
or couldn't or can, or like we're in a bull, you know, raging bull market and, you know,
just shut up and forget. It's more so I'm just like looking at the chart and like, this is what
I'm kind of seeing on the chart. It's, I mean, it's weakness. It's, it's significant weakness.
And I talked about the lows, like these are not like the lows we put in are not significant of like high timeframe structural lows.
So I'm agree with Afro.
Like we could bounce from here.
I think we could potentially even bounce up into like fucking like 108 and,
and put in like a massive shoulder and everybody just like is so back into
this market.
I mean,
dude,
we bounced from 85 K up to like 94 and i was seeing
everybody on the timeline like yep we're going to 180k told you you should have fucking bought
the dip you know and that's just like not indicative of like lows like you know like
you don't bounce up like five percent off the lows and everybody's like oh so back you know
so back into this i mean some people yes like, yeah, just from like a sentiment perspective, I've given my high time frame take on the technicals on the show quite a few times before.
But it's like the question really is, is like, what the hell is technical, you know, some indication that liquidity is potentially coming back into this market.
And that, I mean, everybody knows the indices look ridiculously strong.
You see like Tesla going for new highs.
I closed out my shorts on that.
There's no point in fighting the tide on it.
If we see more weakness, I'll jump back into my Tesla shorts.
But, you know know until now i
mean there's no point in fighting that um man it's just it's like i don't know like i just don't know
i think too i kind of came this revelation earlier today like if you remove the ai trade i think we
get orders of magnitude i think we get like three orders of magnitude larger of a bull market than
what we got in crypto.
I think the AI trade largely took a lot of the juice out of this bull market
thus far.
Just cause like dispersion factors and prediction markets.
That's not,
that's not for you.
Yeah.
And you had a great point on that.
Like prediction markets,
like because a good, you know, people mean the younger generation that's i mean it's one that's
hyper gambling and and one of my points that i've thought about is like you know the pain pain trade
is is like a multi-year bear market and i'm talking like two three four year long bear market
for this asset class when the majority of the participants are the younger generation that is just like addicted to hyper gambling.
You know, imagine if like nothing on chains like popping up, like popping off for like years.
Like that is genuinely like Max Payne.
I'm not saying that's like base case, but right now value is not being found, in my opinion um or has not been found yet i think that
we still have quite a bit lower to go i think we dip well into the 24 range actually i think it
makes sense that we come back down there um i don't want to know or find out really what happens
below that to be honest um you have like a massive issue in my opinion if we like go below i mean if we go below like 52k
you're gonna have like a lot of these protocols like completely just incinerating like it's gonna
be pretty gross uh to be honest i don't even want to know what happens with the digital asset
treasury companies um i think you're going to be presented with some fantastic buying opportunities
i just think it's a time-based capitulation like Like we've been, we've had a pullback for like a month, you know, I mean, well, like two months
up until now, it's been two months. Um, and from like a continuation perspective, you know, okay,
we pull back for a few months and then if we are really basing out, usually a range and a floor
is created over another two months, generally speaking. Like, it takes time.
That's what I'm saying to put in structural lows and significant lows.
And I don't think we've done that.
You know, people are really eager to jump in front of the train and like they're going to find out pretty quickly.
Like, they're not, you know, Superman at all.
And there's just no bid in all. It's like look at structure on solano look at structure on xrp xrp since it hit like three and a half dollars i mean it has been
in a high time frame downtrend ever since like they tried saving it around like two dollars and
71 cents i was a buyer around like 282 and it proved pretty quickly that like, okay,
this thing is just not wanting to hold the structure. Um, and that's been one of the
more risk on signals for this asset class, like XRP and Solana. And then you can throw BNB in
there, like lump it in there. Um, I think Ethereum is, you know, has its day in the sun.
Hey, Prometheus, if I'm a TradFi guy,
why would I buy ETH if I could just buy BMNR calls?
No, I mean, you wouldn't buy it.
I mean, truthfully, they won't buy either.
Unless you could stake the ETH.
Yeah, I mean, if they're searching yield. I mean, the thing is, you the ETH. Yeah, I mean, if they're like searching yield.
I mean, the thing is, you stake ETH, what do you get, like 5%?
Just throw it in some like –
It's better than treasuries right now, right?
Or bonds?
Are they at four?
Bonds are at four, yeah.
I mean, they're at like four, but I mean, from like a risk perspective, it's like –
I got it.
That's just something that is a thing thing they love their yield so they do yeah yeah absolutely like DeFi is going
to be the one of the bigger things that comes out of this space over the next 10 years undoubtedly
um but I mean I wouldn't buy BM&R I wouldn't buy anything crypto related like if I was like
managing billions honestly uh I would maybe allocate into like some Bitcoin to be fair. Like I'll, I'll buy some like Bitcoin. Um, and that would probably be about it. Like
to be fair. Um, it's just, you know, you can go and you could look at like, I don't know,
like Costco. Right. And just allocate into something like that just like a staple of the united states
economy and just like sit back and chill right and like not have to give a fuck about your
portfolio at all um granted like costco has been like kind of down in a raging bull market
that that's what i'm saying in a raging bull market man but there's nothing raging i mean
it's like crypto has like if it was crypto is ed right
now i mean crypto is like the 70 year old unk who's like trying to hit on the girls at the bar
that are like 18 that are the servers you know look look look look i'm i i mean this bro i mean
like i mean the market on on on ketamine bro like. Mark it on ketamine?
I think cocaine would be probably a better. All right.
Okay.
Okay.
On that.
On that, right?
On the white rose.
What would I allocate into at this point if we're in a raging cocaine bull market?
We have to imagine.
Yes.
Yes.
Imagination.
Like, why would the flows on ETH be strong compared to something like a BMNR?
If I'm a TradFi guy and I'm like, man, why am I not allocating Ethereum?
How do I catch up to whatever X amount of gains that it's up in like two, three years?
Why don't they just go crazy on calls on bm and r
if they can just like get more yield on off of that yeah um i mean it just depends like kind of
like what goals you have what you're trying to target right um i mean at the end of the day
that's kind of that's kind of like you got to set your goal and whatever that goal is you then got
to structure it but i don't know man i mean like if i'm a money manager i'm not fucking buying
it would take i would need to see a drastic change of over what park chains jurassic change um yeah man it's just um i don't
know i think there's a lot of good stuff though that's getting built in the back end and something
we were talking about on market check is like in the bear markets and in like recessionary periods
that's when the best tech and like the most innovation occurs because you have this emphasis
on like quality and not quantity and i think we just had a whole lot of quantity and like the most innovation occurs because you have this emphasis on like quality and not quantity and i think we just had a whole lot of quantity and like not a lot of quality and so it's it's
kind of like a healthy thing right it's you know it's this is needed for the markets anyways i'll
shut up no you're you're good man um caspa came out in the 2022 bear market.
Luna came out during the previous bear market before that.
I just want to say I learned a lot from Prometheus right now,
so I really appreciate that.
And I really appreciate, Wabi, when you bring everybody up here
and everyone wants to share their thoughts.
It honestly makes me think a little bit more, and that's greatly needed.
I wanted to say peace out because I got to hit the gym.
Prometheus, I love your takes, brother.
They've been so helpful for me in learning how to trade,
so thank you very much.
Man, you guys have a wonderful weekend.
God bless each and every one of you.
Peace.
You as well, bro.
You as well, man.
Thanks for coming up, thanks for uh the positive comments
what's going on bro what are your what are your thoughts to wrap up the week here
yeah um i'm still looking at for that catch-up trade off of um bitcoin and crypto's downside
in the equity markets um i think there's a small window where it could happen. If it doesn't,
I guess equities continue to melt up. But the fact that equities haven't really flinched
since what we've seen in the liquidity crunch in the crypto markets,
has me a little more cautious to buy the dip. I'm a most known me as I'm pretty much
a long-term bull swing trader. Right. But I am cautious, right. Normally in a situation like
this, I'd be looking to buy the dip, right. And play these bounces, but I'm not right now because
I think there's another shoe that has to drop, which is the equity markets. But, you know,
I can't just keep pounding the table on that.
It never happens.
Right.
So I kind of am in the mindset where, you know, if it happens in the next couple of
weeks, uh, equities start to roll a little bit heading into the end of the year.
Everyone's expecting a Santa rally.
Like Prometheus mentioned a lot, a lot, a lot of complacent, um, equity traders and
investors used to just buying the dip and making new highs, feeling very safe in their assets.
They roll Bitcoin, altcoins have one final more plunge to the downside, which honestly a lot of altcoins I think are very close to their bottoms.
Bitcoin maybe drops into that 75, 70K area.
And then I'm looking to buy the dip on that and load up the truck.
Because if that happens quick enough, I think we have a great shot at recovering
and heading back to the upside in a big way.
But if we continue just to range and balance and put in a complacency shoulder here,
I think it's just going to lead to a longer bear market, right?
So I think that's the best case scenario,
although it includes another drop.
I think in the next year or so time period,
that would be the best case scenario.
So I'm pretty much sitting in a decent amount of cash.
I have some crypto exposure.
I'm never all in or all out.
I always like to have some long side exposure just in case, But I am waiting to buy the dip on some altcoins. I am looking to buy the dip
on some stocks. I am short a couple names in the stock market like Apple and Amazon. I think those
are getting close to tops. And I'm looking for downside, right? So again, if you don't get it
the next couple of weeks,
probably not going to happen.
And then stocks are going to continue to melt up.
And then maybe, you know, Bitcoin and crypto just recover from here and that's it.
But I still am waiting for that one more shoe to drop first and remaining a little more cautious here
until we get some clarity heading into the end of the year.
Hey, Prometheus, what's going on with this donut
ticker on virtuals bro you tell me what's going on with it
is it popping off what's going on do i need to look at this so it's at four mil it's up 20
and people on my timeline are talking about it yeah and uh donut yeah and dorito also
like messaged me about it so maybe it goes to like 100 mil when risk on comes back and it is
it's also a fun ticker donut what is uh okay i'll look at it one second give me a sec
uh okay i'll look at it one second give me a sec yeah apparently like from what ai xvt says it's
it's one of virtuals is products that makes the most amount of revenue so i don't know maybe
compare it to game or something like that for what it's worth bobby i think the virtuals ecosystem is
like easily the most undervalued ecosystem in crypto.
I mean, it's not even close. If virtuals does not succeed, ETH is worth like 500 bucks.
Real.
Dude, I think maybe at one point, like, virtuals could be the ETH ecosystem at some point.
Why wouldn't it be, man?
Like, if you want to talk about, revenue generating it's it's it's virtual like what pump
fun is to solana that's what virtuals could be for eth and despite short-term price action or
whatever like i think virtuals goes to like 20 bucks um if iwm trades at like 400
virtuals is like 20 bucks man yeah did you see what the team did they actually
locked their um liquidity and they only receive it if virtuals hits it's it becomes like
yeah like 50 bucks right yeah yeah yeah and that's bullish for a project like if anybody ever like is especially in the you know the
current atmosphere of you know on chain bags and just like projects in general if a team like
is willing to like literally put their their life on the line essentially and be like we are all in that is so bullish like that
is exactly what you want to see out of a project well guys uh i think it's a great place to wrap
up unless there's anything that you guys want to yap about it's a bit of a quiet day don't want to make the
stream redundant and just repeat uh the same things like we did yesterday and the day before but
uh if anyone has anything they want to bring up feel free to do so i don't really see any requests
from the audience so i'll give it like a couple oh Oh, Mar is requesting. All right. Here we go.
Mar, dímelo.
Que bolá, bro?
What's up, brother?
What's up, bro?
Did you get some pollo tropical?
Yes, sir.
Yesterday.
What did you get, bro?
Every time Bitcoin takes a shit, bro.
Like, I called it yesterday, man.
Every time this thing trades sideways, it's just going to dump, bro.
So I'm like, I'm going to go cheap and have some pollo tropical, you know?
That's right, bro.
What is it, bro?
You know if a girl really loves you, you take her on the first date to where, bro?
Pollo tropical, bro.
Remember the joke, man, of Chris Rock?
You know, if Jay-Z would have met Beyonce and she would be working at McDonald's,
will he have married her?
Yes.
But what if it was the other way around?
Oh, no, bro.
No, no, no.
But what have you got for us, bro?
Bro, the only thing I got for you guys, I mean, just fucking hold, bro.
But Afro left.
He had something about it.
He was saying, like, why are these chains EVM compatible?
Why don't they go, like, you you know like custom like like a solana and it's really easy man like first of all custom
chain is expensive as fuck and it takes a lot of time to build look at caspa and second if it's
you could still build a custom chain but if it's EVM custom, then it's way cheaper because to get it listed on exchanges, way more crypto wallets are EVM.
It's a monopoly by Ethereum.
But yeah, man, I'm involved in some custom networks that are non-EVM, and it costs them like over a million dollars sometimes to even get listed in places.
Just CoinMarketCap alone wants like close to 200 grand
to get that chain into CoinMarketCap because it's non-EVM.
Is that a bull case for Monad?
Yeah, Monad is EVM.
That's why they went EVM because of that.
And Solana, right? It's on solana as well i
think it's just yeah yeah they they they you know they figure that coding just so it could cost them
less money for all these exchanges and and like coin market cap and shit like that like you gotta
have balls to drop a blockchain that's non-evm meaning a lot have a lot of money man a lot of backup to get into coin market cap
Exchanges and the whole that's what we did so he's built. Yeah same down with act us
So yeah move ended up being a failure movement movement labs also failed
Yeah, the move didn't really work out. Maybe Sui has a higher time frame double top at some point,
but I just don't see outperformance with Sui against something like Monad.
I think Monad is the last L1 trade.
It is actually the last L1 trade.
I gave you props for that, man.
I was trying to come up the other day.
You called it, man.
2X. I got out before, but you other day. You called it, man. 2X.
I got out before, but you called it.
You said it like three times.
Hey, you know, Mark, if you get inside that pre-sale, a 2X max, you know?
And, yeah, man, that's why I played it a little less.
But now I'm actually buying it.
Every time it goes on the pre-sale price, I'm buying it.
Just, you know
it's it's for the unit unit bias bro like if retail is gonna buy an l1 they want something
that's pennies on the dollar yeah and a bull market only happens a true bull market only
happens when people are excited about tech that's just how it is, bro. 2024, 2023, 2021, the main thing that gets people excited is tech.
Goat, the AI thing, like that was tech, bro.
That was tech.
Q1 was AI, right?
And then memes towards the second half of Q1.
So, dude, it's always tech.
People love to crap on tech and utility, but, like, bro, they forget 2023.
Caspa was all the rage, man.
Celestia, Injective.
So, yeah, tech is usually what gets bull markets started.
Even in the stock market, it always um led by small caps at the
bottom and then you start having mega cap outperformance and then um like the expansion
of that bull market when we start hitting actual all-time highs on an inflation adjusted basis
that's when you see things like the iwm go into price
discovery robbie i want to ask you something because i'm not very familiar with stocks uh
but i've overheard already a few spaces that the low caps on in the stock market are starting to
run and then that normally comes into into all coins yeah i mean it is kind of different this time because like
we now have prediction markets and that's what retail likes right now they love prediction
markets and if you look at like the flows from uh like a poly market or a cal she um or some of these other like like third rate second rate um
prediction markets a lot of flows are going there instead of coinbase uh cal she is is going up in
the app store where there's coinbase is actively going down so that's something to take note of and that's probably a reason why this year
even though we've seen ethan's ethan uh i almost said so ethan bitcoin hit new all-time highs
you haven't exactly seen that on things like suey or a solana um or an xrp or anything like that right um also hyperliquid made an all-time high
but like these are very crypto specific names right we're like people that are already in
crypto can pump these tickers uh they don't need retail hype does not need retail to go to 200
hype does not need retail to go to $200 that's that's that's that's my view that's my view but
to get things up like a doge a Pepe they need retail a lot man
geez Aave is down like 50% from its um recent august high that's that's crazy
where's aster at man wow aster is still at a dollar this thing is a tank dude it's been just
ranging at a dollar for like two months now since 10 10 it's just been grinding and at a at a dollar
i wonder if cz is still pushing this thing, man,
or if it comes back in a big way.
But I'm going to go ahead and wrap up this. CZ is liquidating the children, brother.
Oh, my gosh.
That's another thing, too.
Binance Jr., bro.
That's so...
That's cringe, dude.
I think...
I think younger
people should find crypto on their own,
not from their parents, man.
They got to find that on their own
some way, somehow.
I don't understand
Binance Jr. I don't even know why they would
make it. This isn't Nickelodeon, bro.
I mean, technically, Binance
is Nickelodeon because they slimed
a lot of people on October 10th.
You know, Nickelodeon, when they used to slime people, you know, they would throw like the green slime.
It's the red slime.
So, gosh, bro, that is dystopian, man.
Binance Jr. Wow.
Anyways, I'm going to go ahead and call it here, y'all.
I want to thank Louie, Slornilax, Prometheus, and Afro, Mar, for joining me up here.
Feel free to give us a follow, guys.
Even though I'm sure most of you that are tuning into the show already do follow us.
I see pretty much almost just like the usual crowd here.
But in case I'm wrong, feel free to give us a follow.
We're Because Bitcoin.
We go live here Monday through Friday here on X Spaces at 3.30 p.m. EST.
Give the Because Bitcoin a follow so you can be made aware of whenever we go live, not just here, but also on YouTube.
We have a YouTube show called Market Check.
That's our technical analysis show we go through all
things charts graphs stuff like that uh interactive um interactive stuff between the hosts of the show
and also the audience so if you uh want to tune in to a visual piece of our content feel free to
check out that show and also check the links on our bio for all things community whether it's our inner circle alpha
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and services you guys can send us a DM and we'll
get back to you within 24 hours. So with that being said, I want to wish you all a fantastic
weekend and I'll see you all on Monday. God bless you all. Take care. Bye-bye. Thank you. you Oh I'm not. I'm not. I'm not. I'm not. I'm not. I'm not.
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