Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Market Talk: Alts bleeding!BTC at 97k! Is this a bear trap?
Recorded: Dec. 9, 2024 Duration: 1:21:12Space Recording
Full Transcription
what's going on everyone good morning good afternoon wherever you are welcome back to
the show hope you all had a fantastic weekend i know i did i'm here uh i'm here in the midwest
right um roughly about 7 000 feet above sea level and let me tell you it only took me about two days
to get accustomed lots and lots of water lots and lots of bananas and speaking about bananas right
you might be wondering i thought this was the banana zone i thought this was uh up only right
but unfortunately rather fortunately it's not like that right whenever you have uh you know
these dips on btc where it's like three to four percent you'll recognize that some of these
all coin dips have been pretty significant right they're typically about 25 to 35 percent and that's
what we're seeing right now right btc uh is actually chatting right now on the lower time frames but
about 30 minutes ago i think we briefly touched sub 95k on kucoin right so roughly about what a seven
eight percent ish dip from the high that we hit uh around uh thursday wednesday of last week right
uh we do have some notable notable things to mention right land wolf crossing 200 mil andy at all-time
high i know craig is uh pretty happy about that i know that for sure pepe above 10 billion as well
um i think we were on the discord call me and tommy we were hosting our afternoon discord call
and uh someone had mentioned that robin hood actually bought like two percent um of the pepe
supply which is quite amazing right but uh speaking about pepe pepe and far coin pepe and far coin are
among the only all coins today that are actually green uh you love to see that man this market is
truly truly truly beautiful guys uh ethereum down like 10 percent ish from its from its uh saturday
high and i think ethereum kind of gets a bad rap now right like you know whenever you see uh eth
outperformance against uh the greater market i think market participants are so conditioned to think that
it's sort of a bat signal sort of a bat signal that impending doom is coming into the markets um and at
some point that's probably no longer going to be the case right because in a bull market even scams go up
right everything and anything goes up at the same time and you know as we've been seeing since the
election right as we saw multiple sectors trend to the upside you've been seeing that over the last 48
hours to the downside right um you can't have 10 to 30 x gains without these pullbacks that are 25 to
55 even 60 right um tokens like pepe earlier this year corrected 60 same thing with other uh high cap
blue chips like bonk like whiff right um and goat right now right uh a token that has collected so much
mind share on this app is down about 60 ish from its local high of last month right and typically when
sentiment has gotten so piss poor on a certain sector it's usually a good time um to scale into
uh that sector right so um today provides opportunity honestly uh i think it's going to be a flash in the
pan and you know we got uh craig up here and someone that i've never seen before the bitcoin ape
right he requested he has some mutuals um so might as well bring him up here uh and by the way guys if
you guys want to come up and talk some shop i'd love uh to talk to some of you guys in the community
i see some uh familiar pfps here you guys uh have been pretty active in joining these spaces pretty
consistently throughout the last couple of months and i'd love to hear from some of you guys uh we do
have noah and chill and also mr spread joining us uh later on the show but before i officially pass
over the mic guys if you can do me one small favor only takes a small amount of time only takes a few
seconds of effort you guys go ahead and click the spaces tab there's a little link above our avatars
that says x.com slash i slash spaces you guys can go ahead and show the space some love and the way
you can do that is by not only liking the post commenting under the post but also retweeting
the spaces link post helps out get more people here listening to the show gets more winners of the
brands and all that good stuff but i mean other than that guys outside of crypto a pretty choppy
day in the equity markets um a choppy downwards day in the equity markets after you know four weeks
of up only right it's only necessary that there's going to be a pullback at some point right even
though the trajectory is up only right given that 2025 has so many good tailwinds across all risk assets
right you have the federal reserve that's more than likely going to continue to cut interest rates
until they get down to two percent and we also have the most pro-crypto house senate and also
presidential administration that this market will probably ever see in our lifetime right so i think
the biggest mistake that anyone can make here at this point is getting discouraged over days like
today because i'll tell you what guys days like today are probably going to happen more often than not
and in a bull market historically speaking whether it's in crypto whether it's in trad fi
usually it's only a handful of days that make the majority of gains right so i'll give you guys an
example right when pepe got listed on coinbase right it practically doubled it went up like 85 to 90
and it's relatively held those levels and it's continued to trend higher right days like that
you'll probably only have like five to ten days like that and the rest of the time it's only going
to be trending that's not only with pepe but it's also with other tickers whether you're trading things
on solana whether you're trading things on base whether you're trading things on eth mainnet right
even last year right in december right early this year in january when mog had started its uptrend
it was really only a handful of days that made up that 10x move that mog did right that's something to
take note of right if you're in a bag that has survived multiple 50 haircuts and has continued to
trend higher and the community is continuously growing holder count is continuously growing
engagement on x and twitter and tiktok and all that stuff is continuously growing then you're in a good
bag right uh don't let anybody steal your tokens before the real trump pump begins so i'm gonna go
ahead and pass the mic now guys and we're gonna do what we do best for the next hour and talk about
all things markets so i think i'm gonna pass it on first to craig craig what's going on brother
how was your weekend and thanks for coming on the show brother absolutely what are you seeing out
there appreciate you thank you for having me up uh you know i'm really excited about where we are in
this market i like a little bit of retraces and again i have because of bitcoin has really opened my
eyes to understanding metrics and analytics in a way i never thought about it before and i'm truly
excited about the bc metal and i say that it's it's it's the boys club all the way and for me it's
the e train and it's also bass brett and uh i remember i'm being on one of the spaces probably a few
weeks ago and i was like yeah i don't think bass brett you know coinbase uh and you know what i i think
i kind of faded it and i got inspired and actually have in the next couple weeks uh a based uh brett video
i dropped bret or brett the other day on wednesday releasing a landwolf video and you spoke about the
conviction of community and when it comes to that landwolf just reigns supreme so it's just been a
wonderful weekend to see that 200 mil uh market cap to see i think it reaches high as 235 240 again
don't don't get me specific on that but it's just absolutely phenomenal to watch the community rally
become even hungrier more excited is just something great and love you guys because bitcoin and
you know just really feeling it and you know take some profits along the way but continue to support
the community continue to hold the bag and really excited to see us go well past a billion and that's
what i'm manifesting and uh good weekend overall good weekend overall and uh just really excited for
what's to come over the the coming weeks and into the new year and this administration really has me
crypto excited yeah brother so what are you eyeing man as far as like wolf and andy what are some uh
i guess we can talk price right that's like probably the biggest uh product market fit in this entire
asset class uh at this point is probably price right that's what gets people excited that's what gets
people investing into crypto and you know i'll mention this right i'll mention this um the others
chart right that's pretty much everything outside of the top 10. uh we were roughly trading uh over the
the weekend i think on saturday when eth was at like 4 000 ish right i think it was just below 4100 at
our yearly at our yearly high from earlier this year in march we were trading at like 430 440 billion and
that dip that we had about an hour ago practically wiped out um a little under 100 billion right so right
now others are sitting at like 380 385 right so we're about like almost 20 percent across the board
right um for these all coins man so i mean so what are some of the targets that you're looking at
short term for the all coins that you're looking at and also like what else are you looking to scoop
up man should we uh start an accumulation around here until christmas time you know it's crazy i was
gonna throw a couple out there that at least work for me that's not financial advice i always feel like we
always have to say that um egold egld i actually spoke with the uh chief marketing officer of
multiverse x today do all the exciting things that they're working on so excited about that
obviously my land wolf bag you know wanting to see it you know get to a half a billy market cap and
and see how that that psychology is going to play out how the community is going to rally around
uh new wallet holder so andy you know that beta train of pepe uh you know what is it andy
land wolf uh bretter brett and then of course base brett that's really been my focus so i've
just been doubling down on that around content focus in on supporting those communities um but
that l1 of multiverse x egld is is really got me excited where i think it can go uh yeah and then
i think just kind of slowly collecting some of my digital assets i think that market will wake up but
just really excited overall and uh really just really happy to see people having wins and most
importantly wallet hygiene security protocol please please peace people keep yourself in cold storage
be careful of the links you hit uh click on and then more importantly if you like this space please
retweet the space make a comment let because bitcoin know how important they are to this space and what
it means to this overall ethos in the mission appreciate you brother i'll pass it on over now to uh
uh the bitcoin ape what's going on man how are you what are you seeing out there in the markets man
now the bitcoin ape are you there man you're on mute if you're uh trying to speak
okay all right i don't think i don't think he's gonna say anything man all right doomba what's going
on brother welcome back man what have you got for us bro yeah what's up wabi um yeah exciting day
day to day some good dips to buy um basically i've been focusing a lot more on uh hyperliquid
i mean i i got the airdrop which was like i saw like there's my timeline is kind of like i followed
a lot of uh the hyperliquid community basically and they were all saying like 800 a point like when
i woke up thanksgiving morning i was not expecting to see the number that i did from the airdrop but
uh some of the spot tokens that i had put like even like 30 to a hundred dollars in have just been
going crazy and i feel like there's a lot of opportunity there that i don't see a lot of people
on other chains talking about um but i don't know if they're uh if their evm works out well and uh
their community stays kind of bullish because it's like a big community of traders which are
basically aping any dip on uh a lot of these spot tokens and you can go to the hyper evm like
explorer and see all these t wops uh taking place in real time and the numbers that have looked like
when i sort my watch list by volume hype like the hype token has been at the top every single day
um but that and fartcoin able and pepe have all just been holding up extremely well despite any
volatility in the market
yeah that is something to take note of um i do have a bag of four coin um i took off like 50 of
that at like 150 140 and i just haven't really uh touched it since man um i think it's like when
it when it comes to other people in ct kind of knowing about our bags uh is dumba still talking by
the way because i see them off mute and sometimes i know like oh no he's there no i'm not still
talking yeah i i i i kind of think that rather what i'm seeing is um if you remember earlier this
year spx 6900 was uh trending in some of the uh trad fi circles and you're kind of seeing that
um with far coin it's sort of like a bag that i'm holding just in case it trades in the billions
because i mean the name is pretty hilarious and i think there might be a chance that elon tweets
about it especially if you're already having some of these viral names on trad fi uh start to talk
about it right um but i'm not really paying attention to like the charts any of that stuff
because i just think it's so correlated to go same thing with all these other slowly i memes that
if you're just looking at what's paying like paying attention and try to find you're seeing
what is developing in that sector um the target for go like there's just no ceiling for something like
that right and as far as hyper liquid man brother if we get a dip to like nine bucks i'm not even sure
if i'll get it um i'm definitely looking um to getting into some hype but from from what it looks
like it's pretty much doing the exact same thing that celestia was doing around this time last year man
yeah i think it's like
i mean i think it's a a good trade like
i'm definitely i've been de-risking um like as it's gone up to every milestone but um i'm probably
gonna add more if there's any significant dips because it's just like it's a pretty easy closed
loop ecosystem of where like all right if a trader is a profitable trader why wouldn't they just throw
like a thousand dollars into some random new spot coin that launches and there's like some good
good projects um like i just saw pip getting a bunch of like ct influencer calls and ship and that's like
when i pretty much sold my whole bag uh but i'm looking to rebuy lower but there's a lot of like
it just seems like there's a lot of smart traders um and smart community members in that ecosystem and
like all the whale holders are very bullish on the project and it was kind of like a lesser known or
like a i want to say like not farmed airdrop a little bit of uh there's a lot of people that just
kind of like it wasn't on their radar and they did probably the biggest airdrop i mean it was the biggest
airdrop i've ever gotten like i'd i would i was happy with like 800 bucks for using a bridge like a
couple times but like yeah that was by far like the biggest airdrop i feel like i've seen this cycle
um but yeah like fart coin it i i feel like fart coin has so much potential because i've been seeing
like the reddit posts of like my i don't know if you saw this on twitter but it was like my husband's
been investing like 150 000 into a coin called fart coin which is probably just a grift but like
it's funny nonetheless and some of my friends that do trad five um and are mainly just in stocks and uh
basically that like they don't really they're kind of no coiners like they're in traditional stocks uh
but one of them texted me a couple weekends ago asking like what the is fart coin and how do i get
it and i was just like all right this thing if this goes to a dollar it's like the biggest fuck you to
kind of like any traditional um finance which is i don't know it's just it's funny and like the tick
the ticker is just perfect yeah sometimes that's really all you need man a cool sounding ticker in a
viral community right um yeah this thing was down like 55 percent from its high and just immediately got
swooped back up today for whatever reason man and i really think like and i said this um like early
last month shortly before the election i think i had donnie in the space that was like the first time
i had donnie up on spaces and i was saying how like the same sort of wealth effect and movement that
eath um had with pepe right i kind of used that framework with goat and things on solana right
like the amount of money that's been created just off of go alone and the ripple effect like i i think
pepe alone has like roughly three times the market cap of all the soul ai memes and if you look at the
wealth effect that just goat alone has created and what that thing has started across the board not
only on soul but also on things like base they've been insane man they've been absolutely insane and
some of these tickers have survived multiple 50 to 70 corrections man and if we just look at sentiment
right like far coin and goat were were just brushed off as dead tokens um same thing with things on
east not too long ago right and this market so far this cycle has a way of like punishing people that
rotate too much out of their bags and i kind of feel like collectively the market is going to
position for an early top when in reality we could set up actually for perhaps an extended cycle
of sorts right what do you think brother yeah that that totally makes sense and like and i mean i've
been punished this cycle for just selling something like the ai16z i was like all right we're at 600
million market cap like i'm taking profits and then like that like grift token that they like there was
like a i forget which ticker it was but eliza eliza that's what it was yeah that thing screwed out
over so many people just off of the foot alone and then like dude yeah and then no i i sold like i had
bought in pretty heavy and then i wake up and my brother's like oh they actually launched like the
actualized and i was like fuck me and then i sold and then like two hours later i look at the chart and
it's back up and i was just like man this is this sucks but and then like i sold like the remainder of my
um ai16z bag just in spite and it's like i always had this rule for myself i'm like just buy the fud
just buy the fud but it was like i was just i just felt i don't know i felt different but um yeah like
what you were saying about the wealth effect like i i seriously think like the wealth effect on hyper
liquid um because it's such a closed ecosystem it's like people have gotten multi multi like six seven
figure airdrops they can just shave bits of that and put them into spot tokens and like if there's
spot tokens on the strict list they have just been going up like any dips get eaten up so like i just
i think it's a good ecosystem um and it's 25 000 to just launch a like launch one of the spot coins so
it's a little bit less of like i mean it's any any like new pair is risky but it's like it seems like
there's if there's a ticker that looks good on there or has any type of kind of staying power that
has good social media presence and good community members backing it i feel like it's a good ecosystem to
even just put a little bit of attention on um but yeah like i'm i'm just so bullish like this this
dip right here was has made me even more bullish because it just cleared out like i don't even what
was it like 100 million or it was like a billion dollars in leverage wasn't it are you talking about
the dip that we just had yeah like one hour ago yeah to the uh the others chart everything excluding
the top 10 and stables got wiped for like 98 97 bill yeah rough roughly yeah that's that's insane
but um yeah i think we go higher
awesome brother dude it was uh great catching up with you man i'll pass it on over now to uh
captain captain rationale noah what's going on man what are you seeing out there robbie's in the house
bobby it's been a long time in the making but the market is finally here you know the perspective that i
have we haven't even seen the bull market yet and we're fighting just starting to see some significant
structural increases in financial activity obviously over the last year we've seen crazy
stuff between all the stuff on the cosmos hubs that you know very well and celestial did very well and
there's a lot of meme coins and base meme coins they've done very well but we haven't seen the
structural financial expansion and that's the heart of the bull market and we're finally getting
there at 85 on the move indicator you just need one tick over get down to the 70s or the 60s and
things start to get weird everything starts to pop off we get a massive capital expansion at the global
level capital office plays into what you're talking about the key points that you hit on
the coming administration especially what's going on in china the deflation that they're trying to
counteract the incoming administration wants to entrench the dollar further they always talk about
the reserve currency or they want to devalue the dollar when the dollar devalues things get weird
so we're talking about looks like a trifecta of bullish confidence that's yet to even start
when the move indicator finally rolls over when the dollar finally rolls over
that's when the dollar printing begins and that's not the dollar printing in the u.s it's the dollar
printing outside of the u.s and that's the dollar printing that really expands the capital base of the
entire system so what am i seeing exactly what you said the things that survive mean everything
that's called lindiness whether it's a meme coin or it's a product a fintech product dealing with
credit dealing with a derivative dealing with foreign exchange it doesn't matter all it has to
do is survive and then it builds trust and then capital flows in cyclically capital flows out it flows
back in but it's a secular trend higher lows higher highs stuff like that but we're on the verge of
basically what i would argue is super cycle type situation with a secular decline in the dollar value
because of the administration you have to understand a bit of geopolitics understand why
they need a decline in the value of the dollar and that has to do basically in brief with importing
versus exporting everyone complained maybe in china well if you want to export out of the u.s and you
want to manufacture in the u.s you need a cheap dollar talking relative value like dollar versus
you want dollar versus yen dollar versus pounds dollars worth 106 jesus they can't get it down so
they need to structurally devalue the dollar anyway so my metric for how well things are right now is
basically revenues monthly revenues so that's how i measure my performance and monthly revenues over
the last month have about double and all i could say is oh thank god it's about time but you know you
put in the time and the patience and good things come that's the story my friend no no can you tell me
what exactly uh the move index is man i i'm sorry i'm not too familiar uh with how to watch it how to
watch the move index i'm telling you it's very simple if who's familiar with ave and a health factor
it's basically over collateralization so if you are 100 collateralized you're in danger of liquidation
if you're 10 on an ave health factor you're 10x collateralized you're not in danger of liquidation
when the move m-o-v-e is the techery pop it up on trading view when it collapses to like 80 70 60
that's equivalent to the global of a health factor going from a one to like a 10. it's basically game
on for the system and the way the global financial system prints dollars
yeah that's pretty cool man so um when you talk about super cycle do you mean do you mean like
continuous up only up only up only do you mean something along the lines of like
something along the lines of like uh the patterns that we've been repeating so far over the last two
years right where we we've typically seen a massive rally in q1 a little bit of a slowdown in q2 and
then some downwards chop uh for the first half of q3 and then there's typically been uh for about three
years actually no four years ongoing five years wow excuse me uh there's usually some sort of uh
massive liquidation cascade across all markets usually between like early to mid august right
and then a double bottom retest in early september right yeah which is what we've seen this year and
last year right and then a little bit of a pickup in late q3 and then we trend again in q4 so when you
say super cycle you're talking about like a trend like that that possibly extends to like 2027
ish right when we take into account that all right the fed isn't done cutting rates and historically
when they're done cutting rates there's you know a bit of a sell-off right similar to uh
the sell-off that we had in august and that's usually when the fed starts of usually starts a few
batches of qe right and that would that would of course like prop up this market like no other right
this market is the biggest benefactor of uh of dollar devaluation oh yeah oh yeah
well now you hit the nail on the head the dollar devaluation but it's it's so this is a story of
the dollar and when i say super cycle i don't mean to be hyperbolic like there's no such thing as
straight up there's cyclicality there's fear there's liquidation cascades and all of that occurs cyclically
then you get a discount and people pile it then the number goes up and then it gets liquidated
again so you get the chop all over the place so basically the best way to describe what i mean is
in 2016 and 17 which you've talked about it was the last two cycles ago and then 20 and 21 was the
most previous cycle basically you have to understand the dollar environment the dxy
those were occurring in a higher low dollar environment we have had higher low after higher
low after higher low since 2008 on the dxy so when the incoming administration says they want to
manufacture in the us and make america great again and export and devalue the dollar that's the only way
you could possibly export out of the united states that means lower high lower low on the dxy that's a
structural change in the way the world works i'll give a brief story if anyone has woken up um northeast
snow day uh maybe even a weather event midwest uh certainly like crises like a hurricane or 9 11 or
whatever you're old enough for that and you wake up and everyone's supposed to be going to work rush
hours eight o'clock in the morning and bumper to bumper traffic but um there's no one on the road it's
weird things are different something's changed you could smell it you could feel it that's the probably the
best expression i could offer what it means for a lower high lower low dollar environment we haven't
seen a lower high lower low dollar environment since 2002. so most of us you know that that's 22 years ago
i was a kid a lot of us maybe weren't even born yet so you'd have to go back that far then before that
to see a lower high lower low dollar environment you're talking about 1985 so you needed to live
between 1985 to 1992 to know what it feels like that feeling when you wake up in the morning in that
world of a lower high of a depreciating dollar different world my friend so that that's what i mean
about super cycle it's a completely different method of the financial system functioning on a daily basis
different goals
set our uh price targets for all coins a lot higher than man yeah sickly from the books of it
yes cyclically so but it's exactly what you said um what survives is what matters because those are
the things that are meaningful to people and whether it's something that produces you know
a 10x or 15x or 20x or 100x or whatever or something that you expect to go 10x on the money
and produce 20 apr as long as it survives and it's that means unto itself it's meaningful to people
and and that's not the same thing as what i call boomer meme coins because that's what stocks are
what they all they give you nothing they offer nothing they do nothing for you no dividends you
get barely any voting rights it's the meme coins for the boomers and now they literally
are critical of us and they criticize us for our meme points so it's quite hypocritical i might add
yeah it's it's it's it's all meme in the end right i think i think if you want to see the state of the
world if you want to see and what kind of uh state state that the world is in just look at crypto and
see what's trending right crypto is basically like everything that's happening irl but emphasized times
10 right like if you have a a global like viral moment it's probably going to be tokenized via you
know a soul meme or an eth meme or something like that and i mean elon said it last cycle right um he
said something to the tune of like the most the most like hilarious outcome is usually the one that
happens right the most entertaining outcome is the one that's probably going to happen right and
you know it's actually a part of the government now which is like or is about to be and that's
going to be something that we can't really price in right like before the btc etf went live right
there was a lot of sentiment chatter how it's priced in it's priced in it's priced in when in reality
it's now that it's starting to be priced in right and i mean the market gave you such an such a golden
opportunity from the months of august and september that i mean if you just bought any trending all
coin or even just btc you're up at least a hundred percent right if you bought any majors uh with the
exception of eth of course right but i think eth actually tapped like 2k right on the money so on
saturday you would have been up like 2x pretty easily but i don't really own any eth personally
i as well but you hear fun fact fun fact in uh between 2002 to 2007 you know what the coin was
cdo's because the collateralized debt obligations they took uh took everyone's debt and they packaged
it into debt and they packaged it into derivatives more the the if the if there is literally like
pumped that fun there's no difference it's just it's just nothing there but that that's the whole
point and aside from it works until it doesn't but that's the same in 80s and that's the same in the
earlier cycles and it just happens in different ways shapes and forms and now we see it in crypto
because it's so easy for anyone to do it
facts man that that's a pretty interesting way uh to brand um what was a pretty large contributing
factor to the 2008-2009 financial crisis debt on debt right that was the original uh
pumped up fun right and thanks for saying that man it's pretty interesting i'll pass it on over now
to uh to chill chill what's going on man how was your weekend and uh thanks for coming on brother
what are you seeing out there
uh chill if you're talking right now man you're uh you're on mute i'm not sure if uh i'm not sure
if you can hear me testing one two testing one two loud and clear brother i can hear you solid
solid hey man what are you seeing out there brother i saw i saw that you wrote uh a thread man
with uh i think it was like an ai tick or something like that
yeah oh omira ai that was a pretty good thread man
is is chill speaking by the way guys
he uh cut off for me
i do not hear him yeah chill i think you're gonna have to step down and come back up brother
not able to hear you right now
no i'm not not able to hear you brother
yeah just come back come yeah then i'll just like send you uh i think i'll send you a co-host
um yeah captain captain i'll send you a co-host i think like if we have uh at least one co-host up
here that kind of improves the connection um for the space overall i wish it was like a separate
part of this app where it was just like exclusively for spaces chill i'm gonna send you co-host maybe
that'll work i just sent you co-host brother testing one two test yeah you're good now man
you're good what's going on brother solid solid hey man appreciate you having me back again always
good to uh uh be on these spaces with you guys man honestly i think um i use a lot of these spaces
i'm sure like everyone else in the audience to um just kind of take a chance to an opportunity to
center myself in the market and you know we have a lot we always have really good voices uh here like
captain is up here uh doom buzz up here they're uh they have so much knowledge a lot more than me
that's for sure um you know uh on on markets and things generally so always good to be on these
spaces with you guys man but um as far as what i'm seeing out there man i'm seeing a lot of early
exits that's really what i'm seeing i'm seeing a lot of people they're talking about you know exiting the
market q1 q2 um you know buying back in september and then running it up in q4 and then leaving for
good i'm seeing a lot of people um talk about their exit strategy which is good a lot of people have
learned from past cycles that you know you need to take profit however does that with us hitting this
kind of like accelerated uh adoption due to everything i mean you name it governments strategic uh
bitcoin reserve crypto president rate cuts and everything that captain mentioned um just a moment
ago i mean there's so much uh reason to be bullish and at least even entertain the idea of a somewhat
extended cycle at least to the point of uh saying like hey you know what i'm still gonna have exposure
to this market but i see a lot of people saying look i'm taking everything out off the table q1 q2
i'm out of here um so i'm watching that i'm watching that uh and seeing you know how that plays out i think
for me i'm less focused on a lot of people have like a price target focus um i for me i just look at
uh the the market dynamics and i look at various metrics um some of them do include like a bitcoin
price but it's not exclusive uh to a bitcoin price like i i look at everything uh holistically and then
at that point you know i'll start to decide when i want to uh ladder out um but i'm less concerned of
like trying to find if it's in q1 q2 or q4 is it 25 or 26 like that like i find it very um
i find that it's a net negative to to try to like time the market in that way when in reality you
know focus on what targets you have focus on your your high conviction bags and start to develop a
plan to ladder out there's no way to time the market or know when it's going to be a top or um you know
while we do have an idea that it will be an extended cycle we don't know 100 sure while many others think
that you know we top out and i've seen targets at like 120k bitcoin man like no one really knows so
you just have to kind of develop your own strategy and look for a set of signals um that will indicate
that will tell you you know whether we're topping out or not and i have mine um and i just don't
none of them is telling me that we're topping out anytime soon so i'm just gonna continue watching
that um you know as far as like opportunities in the market that's what we're here for right now
that's what i'm always uh looking out for and i said this on the show a few uh maybe like two or
three weeks ago um when i was last on the show but solana ai uh tickers they're providing so it's
literally a free money glitch man make a list of interesting a you know whether it be ai agents
whether it be ai uh infrastructure whether it be like kind of ai but more on the uh memetic side
um whatever it may be look for a 70 80 90 percent fall from all-time high that has long-term potential
and bid case in point griffin i'm sure we've all heard of griffin um and and since it's like been
going crazy these last couple of days i'm not sure what the price action is looking like within these
last few hours but you know uh we we uh in my in my telegram um it's it's just a group of us um that uh
that i that i have there but basically uh i have a public telegram where i do some more kind of
kind of degen calls type thing um but basically in there we we discovered griffin and i didn't
really i saw totally kind of interacted with it and stuff like that so i bid i held and i'm just kind
of like waiting to see how it plays out and like i woke up and there it was 50 mil and then today or
yesterday it went to like 90 mil and you know where and that was a that was a 80 or 70 or 80 percent
fall from all-time highs so you know i'm looking at like a lot of people freak out with these you
know fall in prices a lot of these new uh market participants are coming in um you know they're
seeing the green they're they're being greeted with green candles but you know when they make their way
in the door and they're getting settled in it's the red candles that are talking to them so now you
know it's time to test these uh these new uh these uh the the new retail that that has come in so
that's where i'm at right now man i'm using these uh these red candles while everyone is panicking
while everyone is kind of freaking out and talking about the top or talking about is this it is this
the end uh when when should we exit etc etc i'm just going to continue to do exactly what we've done
before continue to hunt for opportunities while paying attention to the long term kind of like
looking at what kind of runway we have ahead of us how much longer can this go on for at least another
month can it go on for another six months can it go on for another year those are usually how i time
myself because obviously you know we all trade we all take short-term trades on right so you look at
a month and see how things are you know how things will be how will things be in december over six
months how will things be in 2025 over a year how will things be going into 2026 right so obviously
there's there's still questions there's things still things we can we need to watch no one knows a
hundred percent but my my my message to everyone at this stage uh is continue like if you're if you're
already uh if you've been with uh bb for like the last couple years and you were with us as we were
talking about you know when it was time to allocate when it was time to be early etc then you're pretty
much sitting and you should be sitting in high conviction bags at this point where you're not
really concerned with these short-term market moves you're you generally know that the market will
continue to trend upward with a lot of you know bullish uh bullish tailwinds um and so you you're not you
shouldn't be nervous at this point if you are it's okay but i'm here to say it will be all right
we'll be okay right um so if you're in a conviction bags it's really just a matter of waiting um if
you're kind of newer to the market you're still trying to spot opportunities you know from a trader
kind of intraday high frequency trading
did chill cut off for you guys or is it just me on my end we lost them um yeah you're back now i think
i think i got a call yeah a call came in just now um but you know we have you know for if you're a
high conviction bag holder like you shouldn't be nervous here you're good to go uh if you're looking
for more kind of like swing trades kind of midterm trades there are entries uh presenting themselves
you know in these market dips uh same thing as well on for short term like i was just mentioning there
there are many ecosystems out there that present many opportunities one of them is solana um where
you can buy these these crazy dips if you have the risk appetite for it and you know you know the next
couple days week month you could be up you know like exponentially you could i mean three mil to
wherever it's at now i think it was at 90 the last time i checked is it's a that's crazy it's a crazy
move but those those things happen every single day on solana it's just a matter of kind of seeing the
pattern seeing how the market moves and being able to spot you know when the time is to buy typically
again that minus 60 70 80 percent dip from all time high uh on something that actually has some
sort of weight and potential um so yeah that's my that's my take on the market right now wabi like i'm
i have my high conviction bags i'm holding i'm not uh i'm i'm not scared i'm not worried i i have full
conviction like uh captain just said like the bull market hasn't even gotten started uh when you think
about the altcoin rotation uh eth hasn't started to outperform bitcoin confidently yet it's showing
signs it's showing signs but my timeline and i posted about this publicly has always been mid
december uh for for when to start see uh for us to uh this mid-december to mid-january for a time
frame on when we can see um eth start to outperform because historically in past cycles that's typically
when he starts to take the spotlight so you know i'm like nothing has happened yet the rotation from
bitcoin hasn't even happened yet um you know people are still bidding that aggressively but we're still
we're seeing all positive signs bitcoin dominance is uh continuing to fall last time i checked unless
that changed within the last couple of hours um and uh and and and there's still all of the uh bullish
things that we have to look forward to so you know from a long-term mid-term term and short-term uh my
uh time frame you know it's either hold if you uh hold if you have conviction bid if you have capital
or spot opportunity um you know wherever that presents itself in the market and i've said it last
week i'm getting really aggressive on eth really really aggressive i think you know as eth begins its rally
we'll see another you know utility kind of season and you can look at the kaido ai uh metrics that
points to ai and memes being a big thing uh continuing to take up a ton of mindshare so uh there's still
opportunity out there whether you've been holding um whether you're new to this market there's there's
there's room for everyone there are moves for everyone and i'll close and i'll say this um very famous
statement that i forgot his name uh that made respect the pump respect the pump and the pump will
respect you if you invite the pump into your life it can do really good things and the pump doesn't
mean your bags pumping it just the pumps in general bitcoin's pumping you might not own any bitcoin but
just be happy be happy for the pump invite the pump into your life is what he said may the pump be with
you is what he said so um just respect the pump opportunities are here you know no need to look
too short term uh stay off the five minute 15 minute 30 minute uh you know time for time frames on the
charts uh stick to four hours daily three day one week and uh and just continue to just just continue to
have conviction um but yeah that's that's that's kind of my stance on the market right right now man you
know me i'm i'm perpetually bullish sometimes cautiously bullish but still a bull and still an
optimist man dude i i remember uh when you first came up on these spaces solana was trading in the
teens dude yeah so it's trading in the teens yeah excuse me man time sure does go by quickly
and eth was trading at like 14 1500 dollars rollbit was like the altcoin that everybody had to own and
also unibot um i kind of forgot what else was trading around this time well not around this time but like
in like early october mid-october um yeah these metas man they change so quickly and i think like
like the difference between you know this soul ai stuff and the meta back then is that like
i don't even think rollbit reached a billion dollars in market cap like goat did right um and
i think like sentiment is at a pretty crucial point when it comes up to these soul ai memes right and
things on base like virtuals and all that stuff um and i'll even admit that like i'm probably i was
probably wrong um on ai 16z i didn't think the market would like you know bid them back up but
i've just accepted that this this shaw guy is doe kwan and he's just gonna act like that on the timeline
and people are just gonna buy that bag um and eliza's probably in a trade in the hundreds of
millions whether people like it or not um and i i have no bags of that uh i think i only have
like the airdrop that they gave but i haven't claimed that one yet um and that's if like you
held the first one and i don't really hold that anymore but um i'll say one thing too i'll say one
thing too bobby you know going back to your point of last year and and and kind of the the market and
how things were you know very small amount of tickers to trade you know not a lot of opportunity
out there it's it was utility season it was it was different things but like the the landscape is
completely different now only 12 months later 13 months later 14 months later um so i i say that and
that's why i say going into 2025 even if you're someone new in this market that you know you're you're
just now investing some of your first dollars into crypto or even if you missed this entire move
hearing us on these spaces every week you missed this entire move and is you're just now starting
to like say all right well maybe i should dig into ai or maybe i should dig into this sector or that
sector or or maybe i should start to allocate more aggressively or whatever the case a lot of people
think that they've missed the move because they see all these people uh um talk about exiting the
market in in q1 q2 q4 next year and you know just that goes to show the change from 12 months ago to
now it's only and and like captain said i'll say like he said it perfectly nothing has started yet
so thinking the 12 12 months ahead i can only imagine what opportunities will present themselves
over these next you know six to 12 months obviously it's not you know you're you know you're gonna
have to you know um continue to be you know diligent in your in your strategies and you know there's all
these um kind of um these things that you have to have in place um in order to be successful but that that
doesn't mean there isn't opportunity out there and opportunity is different for everyone you know there's gonna be
you know uh the the 100x absolute uh mooners um from solana and sui uh ecosystems and and base and
eighth perhaps micro caps and all that there's gonna be that for the dgens but then there's also gonna be
you know the mid and large caps that continue to move as well that provide real value to some of these
these kind of more longer term um more conviction based investors um and there's there's there's
literally opportunity for everyone in this market and you still have a chance to uh position yourself
to capture some of the value i think we said this a few weeks ago on the spaces as well you're not
going to have a first class ticket but there's still a ton of economy seats you know ready um and it
doesn't matter if you're at a it doesn't on the flight to valhalla like it doesn't matter if you're
in first class or if you're in economy or or or if you're the pilot or if you're just you know if
you're just like you know hiding away in somebody's suitcase you're still going to valhalla you're still
going to where you need to be you know what i'm saying and and that's going to look different for
everyone that's good that that journey is going to be going to be different for everyone but the point
the fact of the matter and the point of all of this is to say you know things will change and and the
byproduct of that is the all of the opportunity that the markets will will present us as you know
tectonic plates shift uh you know those tectonic plates being attention
one thing to also take note of man is like we haven't really had uh a d5 surge yet it's mainly
only been like ai memes ai memes um what else is trended also like some l1s right like sui being one of
them and more recently hyper liquid but outside of that right like aave has done tremendous uh
over the last couple of months i think they're about to turn on some fee switch or whatever
so like i think with all the fees that these platforms generate that might cause like
a perpetual twop when eth is in price discovery and eth being in price discovery is something that like
people are not ready to take in because it's one thing to like talk about an incoming pump
and it's one to live through it because when you live through a market-wide pump you're seeing new
tickers launch left and right like over the weekend i saw uh this one ticker called jail i saw it like
four mil didn't really think anything of it and then all of a sudden it hits like 22 mil and i'm like damn
i'm glad people made money it's down like 60 and it is what it is but things on soul uh trade a lot
differently than the things on eth right i think eth is like things on eth are more of a comfortable hold
whether it's things on soul you need to you need to have a strong stomach right like your your volatility
risk right the amount of volatility that you can withstand in your portfolio should be a lot stronger
on soul um compared like if you were to trade things on eth right so like things on soul they'll
hit like 300 400 mil market cap be down 65 in three days range there for about a week and then 10 days
later be at new all-time highs right just take a look at four coin let's take a look at four coin dude
like the thing was pretty much up only throughout the month of december and then in two days it's
down 65 to 70 percent and then in two days it's like 20 percent from making a new high you don't see
that in any other chain except solana and i think like people have kind of forgotten about how crazy
things on soul can get um but it's good for certain sectors to take a breather um and at some point
like everything is just going to rally together and i think ethan price discovery is the most bullish
things for your bags for everyone's bags even if you're holding a vax but um i'm going to pass it
over to prometheus if any of you guys by the way in the audience want uh to come up talk some shop
feel free to hit that request button and come right on up i'll bring you guys up um i'm having
a werther's original uh if you guys have ever had werther's original it's possibly like one of the best
uh i guess candies right but bro hell fucking no bro hell fucking no those things bro break your teeth
they get stuck in every nook and fucking cranny in your mouth you gotta dig them out like they get
underneath your nails after you dig them out like bro i don't know what you're talking about
from ethius what's up brother what do you got for us today man yo i mean how is everybody feeling
right now i just want to ask that like i i wish we could have like a like a reaction panel you know and
just like give everybody's reactions that's listening on the spaces right now because i mean
my god what did they do uh i mean they they went after they went after everybody i don't know
i just got off work so i don't know if there was like a big news event or something or if this was
just strictly market maker fuckery i mean my strict market maker just business brother wow yeah just
business business you know just another day of crime you know just another day of crime and what's
interesting about crime the tickers that have less crime aren't down as much as the others that have
more crime it's weird how it works um yeah like sing like popcat and like whiff and bonk and brett like
all down 30 in like a 10 minute candle is insane what they they took everybody out to the woodshed today
they they did not discriminate and they just said we are we're taking everybody out back everybody's
gonna get it and you can't say anything about it right it was crazy though for a second pepe was actually
green on the day while everything else is down like 30 it was i mean that was insane seeing that
that was crazy but yeah i i kind of called it this morning i said the market makers you know we're going
for liquidity uh this morning and they went for the sell side liquidity and then uh they really went for
the buy side liquidity they really went after the longs later in the day and it's kind of interesting
what happened i tweeted out something this morning and you you could see it in the chart right the
market makers are wanting to fill up their bellies because for them to make money later on at certain
points in the cycle they need to essentially gather as much liquidity as possible because all the people
that are aping on 100x's eventually are going to make a bag and to be on the other side of that deal
you know they need to essentially get paid first right they need to they need to be fronted the cash
and then once they're fronted the cash then they'll be okay with paying out the dgens a little bit right
and this isn't this is not behavior that's indicative of cycle tops too it's important to recognize that right
this is this is behavior that's indicative of just over you know markets that are too frothy markets that
are just positioned way too long right we started to see open interest ramp significantly we started to
see funding get a little overheated and you know market makers as we've seen for the past 18 months
take advantage of that you know when you start to see your funding rate you know maps heat up a little
bit and you start to see d-list celebrities making millions off of shilling garbage it's probably about
time that some of these longs get taken out to the woodshed and that's what happens and it's okay you
know i mean people there's gonna be sacrifices here moving forward but i'm dude i'm just in my spot and
i'm chilling right i'm big chilling and i know that here come january it's going to be it's going to be
an everybody wins situation for probably about a month or two and i'm and i'm all for that right
but the thing is is just because you're winning doesn't mean you're gonna you know just because
you win one battle does not mean you win the war right and that's how a lot of people are going to kind
of go about these markets they're going to get taken advantage of and they're going to round trip
all their bags right you know i uh i took some profits actually on friday and uh i gotta buy i
gotta buy a wedding ring here guys so i took some profits and went wedding ring shopping and it feels
good like nothing feels better than realizing some profits right and then rewarding yourself or
rewarding the people around you for you know your hard work because that's what we're here for you
know we're here to get paid we're here to make some money and and i'm all for it but uh yeah i think
binance was kind of it's kind of doing some crime right now guys and uh it's just like it's indicative
of a bull market it's indicative of frothy conditions you know if people start just max longing on like 25
50x leverage the market makers see that right they know everybody's positions they know
you know how to get people out of these markets and they know how to take your money and they did that
so you know you can't you can't bite the hand that feeds you you gotta you gotta remember that
you gotta remember that and that's what a lot of people were doing a lot of people were getting way
way way way too greedy in these markets but i think that it's a fire sale and i think that
is an opportunity for buying when you see some of you know the best performing assets and the
biggest names of the cycle you know down 30 in 10 minutes like you better best you best be taking
advantage of that situation and deploying capital because those opportunities do not come very often
and if we were and if we remember i think it was off the top of my head when we ripped down to like
49k or something that marked the bottom of that eight month long range and you didn't see prices
reach points like that ever again and you probably won't ever see those prices again right those are
that's when market makers are getting um you know they're getting their bids filled and who's on uh
and who's selling to them it's the people that are getting liquidated so it is what it is right it is
is what it is why be saying that werther's were the best candy is absolute garbage absolute garbage
by the way werther's are trash bro i gotta say right here right now i'm a i'm a peanut butter and
chocolate guy right peanut butter chocolate cookies like top three top three goaded top three goaded
sweets right just like you can't go wrong with that that combination right there peanut butter
chocolate and cookies you can't beat it but i mean with that being said like i called it this morning
i could tell the market makers were one to fill their bellies and they're one to take advantage of
some people in the markets today it was a little bit more than i thought it was gonna be right but
i'm chilling i'm not worried about it right it's a fire sale now's the time to be uh you know if you
got some capital or liquidity on the side and you're looking for an entry on some things like
here you go here you go so yeah i'd love to hear what some other people have to say i don't really
have a whole lot to say i think it was just kind of like a you know whatever day you know it's like
i'm in my spot i'm chilling i know it's coming in the next three months uh so yeah yeah with the
werther's right like i don't really bite on it i just kind of like have it in my mouth
uh but bro bro i'm telling you bro you're that that caramel the caramel quality is not there bro
you need to what you need to do is you need to go to you need to go to like your local
your like local candy shop bro and you need to ask them do you have peanut butter chocolate
anything and you need to get that because that's the real that's like the goaded candy right there
i'll do that then brother thank you for the recommendation uh i'll pass it on over to uh
to mar and then i'll go ahead and wrap up the spaces here mar what's up brother hey good evening
guys hope everyone is holding on strong thank you for having me up man i had to come up
four visits to the gastro doctor they did all the tests on me they couldn't find
share i have no bad bacteria or nothing the gas was like you're super healthy i'm not joking around
i even did a colonoscopy everything perfect 47 years old and i swear to god man you know what i could
be wrong all my stomach issues started when i started holding projects from solana this this
shit is is great like i hold solana i could do the dj and i could do the mean coins i know what i mean
but holding a project that you know a good project that they're actually building and doing great things
it is just tough man the liquidity sucks i'm waking up in the middle of the night i'm seeing it like yes
okay it's back up to let's say a penny then i in the morning half a penny i'm like holy
shit and i'm telling you my doctors they couldn't find anything i i listen i'm a long-term holder and
i can hold this shake-ups this shit they don't they don't get me nervous but solana forget it man i'm
holding one project i don't even look at it i don't i mean the only people i could see holding multiple
coins from solana you know long term are people that probably have a lot of money already it doesn't
bother them if it goes to zero but someone that's trying to find financial freedom you're holding a
lot of solana i don't know how you could do it because i got a pretty strong stomach and i started
holding solana like around six seven months ago projects one of them and the one that i'm holding
now actually did a migration from bmb to solana that's the only reason i'm holding it you know i've
been in it for like three years so hell with it but man i think you're like the last proof by saying
you need a strong stomach to hold solana projects because it took me to the doctor four times they
couldn't find anything what i had and i realized man is this is this solana coins that i'm holding
and i was holding over six figures you know and solana project i'm like is this shit stressing
me out to the point where the nerves in my stomach because they can't find shit man and
it's funny you said that you truly need a stomach to hold solana projects man other than that man hey
if you could do it man all props to you but i'm happy with my ivax my ethereum you know i i i uh i
agree with you on that man and and congratulations on your endeavor on your feat of health um
i mean it wasn't too long ago where like somebody was freaking out over uh or one of these ai tokens and
then like literally a week later they're all back at the highs um you know i i just think like
if this cycle is going to be like 2017 right when it comes to alts um and follow the same volatility
then that's what you're going to get um and even with things on eth right like some of the time
capitulation on these things right they've been accumulating for months and months and months
it's only now where they're starting to break out um i would say like having patience is uh
another quality to have for a strong stomach man but man thanks for uh thanks for that speech there
brother uh so i'm gonna go ahead guys wrap up the show we've been going uh for about an hour and a
half now want to thank prometheus want to thank chill want to thank craig want to thank noah want to thank
all the speakers for coming on up and talking shop for the last hour and a half so guys if you guys have
been enjoying the stream and this is your first time here feel free to give us a follow feel free to
follow that giant yellow square feel free to follow all the speakers we are because bitcoin we produce two
daily live streams for you guys throughout the week first show is over on our youtube channel usually
hosted at 11 a.m eastern time it's typically three to four guys from the bb team we all go through
charts graphs stuff like that if you guys are into technical analysis feel free to check out that show
then our second show of the day is hosted in the afternoon by me king wabi where i'm joined by a
panel of speakers where we rant and banter and discuss all things markets whether it's crypto whether
it's trad fi all things price action narratives dubious speculation we like to talk about it all across
both shows both shows both shows usually go on for about an hour and a half sometimes two or even
three hours depending on the day so if you guys are into this style of content if you've been enjoying
what you've been hearing for the last hour and a half feel free to follow that giant yellow sign
and also feel free to turn on bell notifications to keep up with all of our content whether it's news
related whether it's for spaces or youtube feel free to turn on bell notice if you guys are into uh you
know joining communities feel free to check all of those links in our bio we have a little link below
if you guys want to save 25 off i'll go ahead and put it in the nest above so if you guys have any
questions in regards to what you would get included into your membership feel free to message us or message
any one of our analysts where you can typically find them under our affiliates tab so thank you all so much
we'll see you all bright and early tomorrow on youtube channel at 11 a.m eastern for market check
thank you all once again and before i close out shout out to my lord and savior jesus christ for
allowing me another day of health to talk markets with you all i don't take any of this for granted
every single minute that i get to talk markets with you all here in the audience and here on the
panel i don't take it for granted and truly it's a good life so later guys take care i'm gonna go ahead
and uh hike up a mountain or something so uh take care everyone see you all tomorrow god bless you all
me the candles be in your favor take care bye-bye
