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Market Talk: BTC back at 100k! Prepare for the Trump pump on alts
Recorded: Jan. 6, 2025 Duration: 1:24:40Space Recording
Full Transcription
What is going on, guys?
Welcome to the first Monday of 2025.
A great start to the week.
BTC back above 100,000.
And probably just, probably just nothing, probably just nothing, probably nothing, who could have foreseen 14 days out from Trump's inauguration.
Boy, am I, boy, am I, boy, am I, boy, am I excited.
I'll, boy, am I, boy, am I, too, I, God, I, better than, hey, are we, too, I'm, too, I'm, too, are we, too, are we, too, I'm, too, are we, too.
Shout out to Mr. Spreadman, Frazier, with yet another all-time high.
The thing is trading at 600 mil market cap.
Absolutely insane.
Sui, yet another all-time high.
Shout out to Will's Outlook for his persistence on that ecosystem.
Shout out to Donnie, man.
You called out a Sui AI at 20 mil, and it shot up two days later to 60 mil plus.
It's on a bit of a pullback here, but, you know, I have no shame in saying that I actually missed an on-chain rotation for once.
Speaking of on-chain, things on Hyperliquid are doing quite well today.
10 plus, 20% plus bounces across the board for some prestigious blue chips, I like to say it.
You've got launch, you've got farm, some things on H-Von are close to bonding.
HCR bonded, and Sol's looking pretty damn good.
It actually reminds me of the price action that we're seeing and some of the tickers that I like to look at in the equity markets, even though I don't trade them.
Specifically, stocks like Coinbase stock and Hoodstock, both names are up almost 15% to start off the year.
That's beautiful to see, honestly.
Maybe we'll actually see the IWM going to price discovery here.
But, historically, right, price action in all coin land doesn't really do much across the board until after the inauguration.
And that's kind of why, like, a lot of the action that you've seen over the last month has mainly been tethered to things in the AI sector.
But, I mean, SPX 6900 has been doing quite well.
And tickers like GIGA are close to a bill.
So, what's that other one, man?
There's one more Maraud ticker.
Sigma.
Yeah, that's another one that's been bouncing nicely off of those lows and lock-in as well.
Now we just need to see some of these newer L1 tokens bounce to see if we actually do get, you know, a traditional alt season.
But, I mean, the more time passes, the more me, personally, I'm kind of just leaning on that this cycle is going to be rotate or die.
Or every three to four months, you have to rotate or just bleed against everything else.
But we'll see, right?
We are coming into a pivotal point in the cycle.
And I know with these spaces, right, it's always emergency spaces, crucial update.
But the fact of the matter is, the more that the days go on, the more crucial these updates become, right?
At some point, that window to, quote-unquote, you know, make it or expunge as much alpha from this market to the upside, you know, you guys know where I'm going with this, right?
The more the days go on, the more the window closes, at least to the upside, right?
Because the fact of the matter is, we've been trending for over two years now, right?
And, you know, when you start seeing things, I think Prometheus has said this.
He's our second co-host of the day.
When you start seeing things that are illiquid become liquid, you know, that gap as far as time starts to close more and more and more.
But, you know, historically, that last 25%, 30% of a macro uptrend in crypto, those tend to be the most lucrative.
And, you know, just to give some perspective, right?
In 2021, OM didn't come out until late Q2, early Q3.
Spell wasn't even live.
Wonderland Time wasn't even live.
All the Danny coins weren't live.
All the crazy, you know, DeFi flywheels weren't live yet.
In 2020, all you had were food farms.
So, you know, we do have to be a bit patient.
But definitely, when you know that time is of the utmost importance, you just kind of have to accept what the market is giving you.
And so far, it's really just been PVP with a few sprinkles of PVE, right?
But once again, we are about to have the most bullish pro-crypto House, Senate, and presidential administration and SEC administration that we've had ever and probably will ever have, right?
So, again, we do have to be lenient, right?
Not as harsh on what the market is giving us right now.
I mean, if you told someone six months ago that tickers like Farcoin and Butthole were going to be some of the most trending tickers to start off 2025, they would have called you a crazy person, right?
Six months ago, pretty much everybody was bidding five tickers on Solana.
Now, thankfully, it's not like that.
Thank God it's not like that.
But regardless, as I said earlier here, the funniest outcome is usually the most probable.
So, maybe Butthole actually does go to a billion.
Wouldn't that be something, Donnie?
Wouldn't that be hilarious?
It is trading over 100 mil, but either way, on a more serious note, when you've got ETH still pinned, man, trying to analyze ETH price action is basically trying to pin the tail on the donkey.
But instead of the donkey being eye level with you, the tail is, like, 1,000 feet above you, and you need, like, a huge ladder to actually pin the tail because you're just stuck in the same range again and again and again and again.
Yeah, we need, like, a wall or something.
We need Trump's wall to pin that donkey tail.
But anyways, we're going to go ahead and talk markets.
That's enough funny business for me, guys.
Before we officially get started here, you guys can do me one solid favor.
Only takes a few seconds.
Doesn't take that much effort.
You guys can go ahead and show the space some love.
You guys click the spaces tab.
You'll see above our avatars, there's a little link that says x.com slash i slash spaces.
You guys can go ahead, smash the like button, comment with any questions or comments.
Smash the retweet button.
Let's get some more eyes on the space.
And help please our tech overlords.
So without any further ado, we got Donnie.
We got Prometheus.
I think Eric is going to come on here, have him talk to him in a couple of weeks.
So we're going to do what we do best over the next hour, hour and a half, and talk markets.
Space is recorded, as always.
And this space is brought to you by Because of Bitcoin.
I'm your host, King Wabi, and I'm excited to talk shop with you guys.
We just came back from, you know, what I'd like to call a couple of weeks of downtime, right?
Usually second half of December, moving onwards for a couple of weeks, going into the first week of the year.
You know, there's not many exciting things.
Volume tends to die off.
But here we are.
Wall Street bonuses are about to kick in.
FTX distributions are starting.
The Jupiter airdrop is coming in a couple of weeks before the end of the month.
And, you know, I think some more bullish things are headed our way, not just the same AI stuff that me and Donnie talk about.
But Donnie, what's going on, brother?
How are you feeling?
AI16Z got listed on Bybit.
I think that's the start of our bags, brother.
Reaching the first big top.
I'm pretty sure, like, some large holder in a specific meme is probably going to buy the top of AI16Z or virtuals.
But, brother, what's going on?
And I guess we can start off with this, brother.
How are you doing?
And, brother, how was your weekend, man?
And, you know, how are you feeling now that this holiday season is wrapped and done with?
Yeah, I'm feeling good, man.
I had a good weekend.
It was just relaxing.
Had a bit of a shit sleep last night.
But, yeah, aside from that, market's looking pretty good.
I need more of a confirmation on, like, Bitcoin, Bitcoin dominance, ETH, BTC, and all these, like, crucial markers, right, for a key pivot point.
Like, right now we've come to 102,500 at the recent peak on Bitcoin and, like, need across this 102,800 level.
Like, we've come right into a supply zone here.
So, yeah, just have to get a little bit more confirmation on the majors and stuff.
But other than that, every day that passes by is, like, you know, getting us closer to Trump's inauguration where things will probably start getting expedited in the market in terms of how things are moving and, you know, commence the bullish catalysts.
Depending how we get there, we'll, you know, likely determine how the markets react.
Like, if we're pumping into it, might be a little bit of a sell-off.
However, you know, depending how high we pump into it, I don't know if we'll see these lows again, you know, like, 90K and stuff.
They might be gone forever.
So, yeah, excited to see what comes over the next couple of weeks.
AI coins, man, and all these funny ones, like, you know, Vartcoin, Butthole, and all this stupid stuff.
They're crazy, man.
I think that narrative is, like, here to stay pretty much.
You know, these coins doing this kind of damage while Sol is not even flourishing in all-time highs probably goes to show how they're going to respond when everything is, you know, in that euphoric state, when the market is just giving easy motors back.
So, yeah, seeing what's moving now is kind of going to tell you what's going to move, you know, when everything flips into that state.
So, AI agents, these coins like Fartcoin and stuff, all the strong L1s, things like that.
They're all going to be doing super well when we hit into that state of the market.
There's a lot of coins, like meme coins and stuff that are, like, coming ruthlessly off the lows.
You know, they haven't really responded to any of this positive sort of movement yet.
I think they will.
They'll have their time, but they're likely to be the last movers.
You know, you're going to have these ones that are moving now likely continue.
You know, the good performing assets will continue to perform well.
And then once you have that green light of everything is, like, going up, then these other ones start to catch a bit.
So, I've been saying that even though, like, a chart may look like it's rugged or, like, super down bad, I think they will have their time.
But, yeah, you've been talking about, like, this rotation sort of thing continuing.
It's possible.
The only thing is that I think people aren't putting enough emphasis on, you know, Trump bringing regulatory clarity into the whole sector because that's kind of the main deal here is, like, people are talking about limited liquidity and there's a bunch of new tickers, which that's true.
Except you haven't had institutional, you know, clarity on entering the market to buy, you know, Chainlink and things like this without running the risk of getting a lawsuit right.
So, that's actually the main factor of, like, fueling a very crazy old season.
It'll start with the majors, like, XRP, Link, all these coins, things like that, and rotate down just because there'll be so much profit taking when those coins, you know, move aggressively.
Because they will.
If institutional money comes into altcoins, which, if they do have the green light, they will come into the market, that's going to be a mega old season.
But how long that takes to actually come to fruition and all this kind of stuff, who knows?
It might not be in quarter one, in the quarter one rally or, you know, if it extends to quarter two or whatever.
It might be the second half of the year.
So, we'll just have to see, you know, what Trump brings and how quickly.
But that's actually a very, like, that's actually the key factor of this whole bull run, is how quickly they can get the regulatory clarity over the line with the banking system, with, you know, the SEC deregulating sort of the space a little bit.
Once that's clear, then, like, you've literally got no excuse or nothing stopping these, you know, actual movers of the market from participating.
So, yeah, if we get that, we're probably going to have a crazy old season at some point.
Like I said, might not be in the first half, might be in the second half.
But eventually, I think there's going to be a very, very strong old season.
And we might have, you know, more than one old season.
We might have one in Q1 and one in Q4, Q1 2026.
Who knows?
But, yeah, that's the main thing to consider, I think, for this cycle.
How quickly they can get that regulatory clarity.
And then we're rolling.
Man, brother, we've been hosting these spaces pretty consistently for about eight weeks now, man.
And the thesis is, you know, it's been being proven in real time.
And, man, with these tickers, like, specifically on Soul, like, the key is, like, to just not cheat.
Like, sometimes you have to mentally write it off because sometimes the bags actually come back.
Like, you remember that massive pullback on Bully?
The thing went from, like, 300 down to, like, 19 or 20.
And then he immediately rocketed back up to 100.
And then if you remember these other two tickers, AVA and Pippen?
Dude, I wrote those off to zero.
And then, like, over the weekend, both of them just came back.
And I'm like, geez, bro.
Yeah, wow.
That kind of made up for a few dents that happened to me over the last few days.
And...
You still holding these?
I am.
Wow.
I am.
Yeah, wow.
Pippen is, like, up to 12x from the low.
That's crazy.
And tons of volume.
Yeah, but I bought into Pippen at, like, 28 mil, 30 mil.
So, like, I was severely underwater for some time.
And the thing with Soul is, like, I don't want to be an advocate for people, you know,
round-tripping their bags.
But, like, from an all-time high perspective, you can be down, like, 70%.
And then, you know, with your last 30%, you make it all back and then times five.
And then, like, you take half of that portfolio and you realize it into majors, right?
Things that are, like, above 200 mil and the others just for degen.
And then, like, you know, it kind of evens itself out at some point, right?
Like, I think there's this saying, right, when it comes to investing in, like, low-cap startups.
This is from the stock market.
It's not even for crypto.
But it's basically, like, you know, say you've got, like, 2 mil or something like that, right?
And you throw 100,000 into, like, 20 different names, right?
Expect, like, 95% of them to go under.
But then those two names will make up for all those losses and then some.
And then at some point, like, one of them actually comes back from the dead, surprisingly enough.
And then it's, like, do you sell off into that news?
Or, like, is there some actual real strength, right?
Even virtuals went through, like, a 60% correction and didn't do nothing for, like, two weeks or something like that
until AIXBT came out into the market.
And, dude, man, like, it kind of got me wondering, man.
Like, dude, if Sense actually comes back or even, like, weird stuff like Genon, man, I'd be shocked, dude.
But if we just look at the market outside of, like, AI and stuff, right, the only thing outside of Hyperliquid is legitimately just Chewy.
Like, tickers, like, say aren't doing much.
Aptos is probably not going to make an all-time high because, dude, the founder literally, like, left the project once his vesting started.
Like, once he started getting his daily unlocks, he's, like, hey, I'm stepping down.
That's it for me.
And, dude, I'm trying my hardest, bro, because I know usually how the market's conditioned us is, like, Pavlov's method, Pavlov's way, right?
Where it's, like, you condition market participants to one sector or two sectors and then, you know, that's it.
And then they end up missing, you know, the next sector, right?
In mid-October, everybody, and I mean everybody, was focused on culture coins, right?
They were focused on the election and how crazy that would be for Pepe and Sigma and things like that.
And then Goat came out of the woodwork and just surprised a ton of people, right?
We had Goat, we had Memes AI and all that stuff.
And then all those names kind of just topped out against the rest of the market for a bit up until now, right?
So, man, I've been looking, I've been trying to look at gaming.
I've been trying to look at, like, dude, even L2s and shit.
And there's just, there's just nothing, man.
There's nothing at all.
Like, the only thing that we have coming up, honestly, and the way these markets work is usually through these massive liquidity events, right?
You've got the Trump inauguration.
You've got the Jupiter airdrop.
And then there's just one project called Nillion, which, I mean, I've been saying it on these spaces for, like, over two years now.
It's going to be one project that really surprises a lot of people.
It's pretty much the first L1 to specifically focus on AI and compute and all that stuff, right?
So, I don't know what to do here, man, except keep looking at the same stuff, man.
But what about yourself, man?
Are you seeing anything in JPEG, all coin land, brother?
The static memes, as him likes to say?
Yeah.
Yeah, you covered a lot of things there.
One of the things I wanted to touch on was the whole thing with correcting super heavily on these coins and then them recovering out of nowhere.
That's why I never sell my dust bags.
And, like, sometimes I'll even, if they're super, super rug, but, like, there's still building going on behind the scenes or, like, continued posting if it's a static meme or whatever,
I'll just drop another bag in there just to pick up, like, cheap supply just in case, like, it actually does come back.
And I've noticed, man, more often than not, they tend to come back pretty strong.
Like, they don't die completely.
And, like, it's crazy looking at these AI tickers, like you said.
They literally look rugged and then, boom, you just get, like, a 15x pump off the low.
Like, one little bit of news just changes everything and, like, gives strength back to the chart.
So, as long as they're, like, building and stuff, I don't rule it out completely.
That's why, same with Scents, like, the dude is literally still building and, like, I'm watching his project and stuff.
So, we'll see what comes of it, you know.
Nothing might come of it, but I had to add just a little bit more at that low just in case it comes back.
Then I'll have, like, you know, a generational bag if it actually rips to the highs.
But, yeah, in terms of watching, like, all these other narratives and stuff, I think they will have their time.
Because, man, I really believe that a lot of people have forgotten, like, what a true bull run is like when everything is actually euphoric.
We haven't had that yet.
Like, everything we've experienced up to this point has been, like, bad global sentiment, bad crypto sentiment, tight liquidity, dollar strong, World War III.
Like, the worst you could have it, pretty much.
And we still had coins, you know, 1,000xing, 10,000xing off the lows, bunch of narratives, spinning up 100xs on multiple coins, all with bad liquidity conditions and all this kind of stuff.
So, I can just imagine if everything does a U-turn and, you know, flips the opposite way, people aren't ready for, like, what's about to happen to a lot of these tickers.
And, like, gaming, all this stuff, it'll have its moment, too.
Whether that happens in Q1 or, you know, this first sort of half, I don't know.
But I just feel like it's on the cards.
If we're going to have a golden Bitcoin bull run or whatever, or not even golden Bitcoin bull run, like, even 150k BTC, 140, 135, a liquidity shift from there is so much liquidity to throw around into alts.
Even if it's rotation heavy, you're going to have so many coins eventually have their time, you know.
So, yeah, I haven't branched out too much into, like, gaming and stuff.
I have a couple.
Like, I have a couple of coins and, you know, a couple of alts not in the gaming sector, just random alts and stuff.
A layer 1, a random sort of utility coin.
And, yeah, mostly AI and some meme coins.
That's pretty much it.
I like to condense my bits a bit just to give me that opportunity to rotate if it does come.
Instead of having, like, 30, 40 different tickers that I have to manage.
Yeah.
We've also got Hey Anon on Phantom.
They have a bridge to soul and base.
And that one practically pulled off of 10x under everybody's nose in a couple of days.
I missed out on that one.
Shout out to Tommy.
Yeah, with gaming, dude, like, it's so difficult.
I think the only ticker...
It has to be a catalyst.
Yeah.
And the only ticker that I've found that looks remotely interesting is Henlo.
It's on base.
It mixes AI and gaming, and the game is already live.
It's actually quite fun, but there's only so many tickers that you can hold before, like, you're just spread out to an extreme degree.
Right?
And for some people, concentrated bits are, you know, a bit better than, like, spreading a ton of things out.
But, man...
The thing is, if you have concentrated bits, let's say, just to make it easy, you've got Layer 1s, some AI that's including, like, you know, the original sort of AI stuff we had,
and the new AI agent sort of sector, and, like, a couple of meme coins that are in, like, the animal sector, let's say.
Let's say you're holding just those three, right?
If gaming pops off, you can still rotate into gaming.
You're not actually chasing.
It'll be, like, the large caps or something going first, and then you can catch, like, a beta with, you know, a decent bag and make some money.
Like, you're not going to miss out as long as you're aware of what's going on in the market.
So, there's always that.
Like, that's how I've done it.
If I'm holding bags that are not in those sectors and I see them popping off, I'll just try to find a ticker that I see is, like, reacting to the sector moving
and hasn't, like, broken a high yet or something like that.
Dude, what static memes look interesting to you here?
Bro, I've just stacked, like, Boys Club, to be honest, for, like, static memes and some Hoppy.
I've had Hoppy from, like, 1 mil market cap, though, and scooped a little bit more around 15 mil when it dropped there.
But, yeah, that's still, like, around Boys Club and Pepe.
What else do I have?
Oh, I have Mooding as well.
I caught that right before that Binance.
I think it was a perps listing around, like, 68 million market cap.
And I've just pretty much diamond-handed that.
I'll hold it for the, you know, remainder of old season till the peak.
It was a pretty nice bag.
Do you remember Peanut Brothers?
That rotation would have been sick.
Nah, I sold that pump on Fred because, yeah, it just pumped way too aggressively in three days.
Like, literally 100x in three days.
You'd be an idiot not to sell there.
So I just signaled it in the Discord.
I was like, yo, I'm clipping out 80% here and leaving 20%.
But, yeah, I shoved that into, like, more AI stuff and all that kind of stuff.
Yeah, all it takes is, like, one or two massive moves from a name and you pretty much have your stack for the cycle.
So, you know, I remember, like, one of our first few DMs was, like, when cents started pumping from, like, 4 mil to 60 mil in one day.
And then you're like, man, Peanut actually looks pretty interesting here.
And Peanut was trading at, like, 100 mil-ish, like, just over 100 mil.
And literally, like, two days later, it gets that Binance listing, man, and it pumps to, like, three mil.
That was insane, dude.
Like, I'm kind of comparing the run-up that we had into the election and out of the election with the inauguration, right?
Like, that last, like, you know, few days before the election and two weeks after the election, dude, those were some generational runs.
And I'm thinking here that, like, we're probably going to do the same thing.
Like, it wouldn't shock me to see something like a virtuals or AI-16Z go to 10 mil plus and then just, like, correct from there and let the small caps run.
And then, of course, like, Pepe will probably run and have its first, you know, major local top.
And, you know, the time that these pumps will happen is going to shock people.
Like, the cycle has continuously showed us how quick the pumps go.
Like, this cycle is materially different in that sense.
Like, Doc made a post about this, but he made a post about BTC's price action.
The most bullish PA for BTC out of the 365 days of last year, only, like, 10% of the time were we actually trending to the upside.
The rest was either chop or down.
Yeah.
It's because of the bad, like, market conditions and things like that, which, you know, by the looks of it is going to change.
And, yeah, what you said there about, like, we might respond similarly to the election day and stuff like that, I tend to agree.
It just depends how we get there.
Ideally, like, from a chart perspective, you'd want to not pump heading into it and just kind of continue this boring consolidation.
Like, we've come up to 102, maybe drop back down to, like, what is this, 96 sort of area around there.
And then on the day, he'll announce, you know, potentially bullish news, and then that'll just shoot the market up.
And you might even, like, you might even get a wick to the downside right before, you know, let's say on the 19th or something to, like, back down to 90k.
And then on the day, you just absolutely rock it.
Like, something like that would be very ideal because, you know, we pumped into the, we pumped, like, after the election, after it was confirmed that he had won, you know, people were de-risking because they thought Kamala was going to win and that would affect the market negatively.
Whereas, like, now we've only corrected because there is, like, a little bit of FUD surrounding, like, liquidity and Trump might cause inflation and all this kind of stuff.
And that liquidity is going to stay dry because that Fed is not going to allow him to print.
But, you know, once that gets cleared up, then you've got that certainty back into the market again.
And, like, from here, there's just no more bullshit.
If he gets his way with the Fed, which he probably will, he starts announcing things like the Bitcoin Strategic Reserve or just anything to do with the regulatory clarity.
We're going to rock it once again.
And it's going to be probably even sharper than that pump was after the election.
So, we'll see.
It's a very exciting day.
Yes, it is, man.
I'll just briefly say it once, man, because I've just said it so many times.
But I think Hyperliquid is going to shock a lot of people.
You only have two tickers in that ecosystem that are trading above 100 mil.
And this is a multi-billion dollar token.
So, I'm going to say that once, man.
But I know you had some questions concerning bridging, man.
But we'll get you sorted out with that.
It's very, like...
It's probably simple.
I was just being hella busy to, like, actually sit down and be like, okay, I'm going to bridge the Hyperliquid and start.
Yeah, bro.
It takes, like, five minutes.
No joke.
Five minutes.
Yeah.
Yeah.
But, dude, you know what chart actually looks pretty good?
I'm actually on Hyperliquid right now.
Pengu.
The Pudgy Penguins token.
Pengu on Hyperliquid?
No, no.
Like, you know the Pengu token, the Pudgy Penguins thing?
Oh, yeah, yeah.
Yeah, you can actually trade perps on it on Hyperliquid.
Bro, how does this thing launch at, like, 4.5 billion market cap?
Like, what the heck, man?
It's usually, like, a Fugazi ask.
Like, it's all Fugazi.
But the thing is, like, with these launches, they're only good if you make a concentrated bet, right?
Like, with Hyperliquid, I mean, dude, shout out to Tommy, brother.
Like, his trades over the last, like, three weeks have been plays that you can go into with size and pretty much, like, 7x your money on size.
Like, he said, Wabi, like, the same trade you made with Celestia, it's right here with Hyperliquid.
Then that thing at 10x.
And right at the top of Hyperliquid, he's like, yo, I'm going to save some of this liquidity for Heianon.
And he aped it at, like, a dollar.
It's trading at, like, eight or nine.
But it's usually, like, a Fugazi kind of bid.
Usually, like, OTC markets, right?
Like, there are some markets.
I forgot what they're called.
Prometheus, what's that exchange that lets you bid projects before they go live?
I forget.
Oh, my God.
I know exactly what you're talking about.
I was looking at it on Dime.
With Dime.
Yeah, yeah, yeah.
Fuck.
I can't remember.
But there's this OTC type of, like, exchange that lets you bid projects at pre-market value.
And it's never wrong.
It's never, ever, ever been wrong.
It's not wrong, but you're paying, like, a 25% premium most of the time.
Like, you usually pay a little bit of premium on it.
Yeah, I kind of forgot, like, the name of the exchange.
But, yeah, and I think Pengu was, like, right up there, man.
But I think that, like, the generational trade is still intact, right?
Like, you make most of your money this year.
And next Christmas, not this Christmas, but next Christmas, like, you buy those lows, man.
Like, if you think that you're going to walk away from this market after this year, like, you've got another thing coming.
Because inflation is going to come back, I think, for one more wave.
And, like, everyone's number tends to be 10 mil, right?
But the fact of the matter is, when we talk about real inflation and all that stuff, it's probably more, like, 25%, 20%.
So, like...
It definitely was over COVID.
It was more, bro.
It was, like, 50%.
They just lie.
Bro, they removed, like, majority of the metrics out of the actual number.
Like, if you were to take the same metrics that they used in the 1970s, like, true inflation was over, like, 17% when they were giving out, like, 6% readings.
It was...
I mean, it's just...
They're just...
It's all...
They fudge the numbers.
Yeah.
Yeah, COVID was crazy, man.
Any price tag on, like, essentially all, like, life essentials, like groceries and stuff, just, like, doubled sometimes 2.5x, 3x.
Pretty much across the world.
So, that's...
Dude, and the thing is, is, like, you don't need...
You don't need to see CPI to, like, understand that inflation is rampant.
You know what I'm saying?
Like, my boy, my boy who lives in another state, he's, like, door dashes all the time, right?
And he's, like, yeah, dude, I just spent, like, $37 door dashing McDonald's.
I'm, like, what?
Like, how...
How are you spending $37?
Dude, I could go out and, like, get, like, a steak for $37.
McDonald's, that's crazy.
And the thing is, is McDonald's back in the day was, like, a hedge against inflation.
And, you know, I mean, literally, bro.
Yeah, yeah.
Like, I mean, that's, like, what all, you know, low-income households, like, that's how you fed your family, bro.
That's so funny, bro.
You know?
Like, and now it's, like, it's, like, the complete opposite.
McDonald's was a hedge against the inflation.
That's so funny.
It's so true, but you're right.
Like, Domino's pizza and things like that.
You want to know something?
Taco Bell, bro.
Those grillers, bro.
The Crunchwrap Supreme.
Now they're trading for a premium, bro.
You guys want to know something crazy, man?
Yeah.
This is a stat that I found out on a space that I was in sometime last week.
It was one of these, like, late-night spaces I like to tune into.
So you guys are not going to like this.
You guys are not going to like what I'm about to say at all.
You should mentally prepare yourself.
So the iPhone came out in 2007, right?
Oh, no.
I already know.
I already know where you're going, bro.
So instead of buying an iPhone every year, right?
If you just parked that into a stock, brother, you would be swimming right now.
But, I mean.
You want to know something crazy, too?
Another crazy metric, Wabi?
Yes, that's what.
If you bought Farcoin the day of the election, you would have outperformed the S&P since inception.
Yeah, that's crazy.
Another one, too.
Texas Roadhouse outperformed the MAG-7 over the past five years.
Dude, shut the fuck.
Wow.
Yes, bro.
Texas Roadhouse, dog.
You have got.
If you have Texas Roadhouse stock over the past five years, you outperformed the MAG-7.
You outperformed the Apple, bro.
You outperformed the most consumer-heavy stock in the world.
Dude.
I mean, I went to Texas Roadhouse a number of times last month when I was in the Midwest.
And, dude, like it's actually pretty good.
Bro, if you drive by Texas Roadhouse in any podunk town that has less than 500,000 people
in the Midwest, I guarantee you, you drive past it from 5.30 to 8.30.
The parking lot's full every single day of the week, even on Mondays.
I got a crazy metric for you guys.
If you guys bought BART coin on BASE on the 16th of December, by Christmas, you would have
been up 100x from my signal while the market was going down.
If you know, you know.
Yeah, dude.
BASE is filled with like opportunities.
BASE is good, man.
I think it's the best chain, to be honest.
The psychology of the market participant on BASE is just different.
Bro, yes, yes, bro.
That's what I've been saying.
Like the Zoomer generation and the Zoomer mentalities on Solana.
And then you have like the old head, like multi-cycle Andes that, you know, have a fat stack of Ethereum
that are trying to, you know, play catch up or like play the new wave stuff.
And they're doing that on BASE.
You know, it's just.
Yeah.
Dude, look at Ray on BASE, dude.
That's how like most of these alts should be trading.
And mind you, like I only hold the moon bag of this thing.
But dude, if you look at Ray or if you look at like, I mean, virtuals, for example, like
that is what alt season looks like.
And I mean, if you look on Sol, it's only been a number of names.
And like some of these names, dude, the drawdown you had to go through from the top is.
It is not for the faint of heart.
Like if you're constantly looking at the chart, you're not going to have a good time on Sol.
Like you're just not.
And it's kind of like 50-50, right?
Like half of the time you need to be looking at it because like it might pull off like
a 3X in a day.
And the other half is like, just don't look at it because it'll just trade a lot higher
in a month or two months.
Right.
Sol is crazy.
Like you can't even sleep.
Even if you sit a limit order to like sell, right?
You think to yourself, but what if it goes like 3, 4X past my limit order?
You're never safe, bro.
You're never safe.
There are some jeets, man.
There are some jeets.
Even in the high caps, there are some jeets, dude.
But the upside, if you catch like an early runner, is just crazy.
It happens so fast.
It rewards the extremely active like ultra degen, no job having, basement dwelling, neck beard,
you know, like stare at your screen 15 hours a day with 15 Red Bulls cans stacked up, you
know, three McDonald's, bags empty, fries on the floor, you know, crusty keyboard, mom
yelling at you, you haven't done the dishes in three weeks, no laundry, wearing the same
shirt for five weeks.
You know, it just, it is what it is.
You know what I'm saying?
It's facts.
It is what it is.
And the thing is, is what we need to mention too, is Wabi.
Wabi said something in his channel and we need to bring it up in the space.
Wabi said he's going to shave his head if ETH doesn't hit 4K by the end of the week.
No way.
Yes, bro.
You're holding him to it.
I'm holding you to Wabi.
I've heard you say that shit so much the past two years.
You're going to shave your beard this, shave your beard that.
I'm pretty sure you should have a few times, but you know what, this time, brother, this
time I want to see the Colombian Messiah come out and I want you to shave that head, brother.
If it doesn't happen, I hope it happens, but.
Yeah.
You got a heavy supply block at 3.9K, Wabi.
Dude, man, ETH, dude, like, I stopped trying to look at that price action.
Like, when we got it, when we got to like 4,100 or just below 4,100 last month, and then
like two days later, it was back at 3,300.
I'm like, dude, you know what, man?
I'm not going to start.
Because the thing is, dude, like, I can post charts and all that stuff.
Like, I can bust out a few good things.
But the thing is, it's like, almost everybody's doing the same thing.
And it's just like, we're all seeing the same stuff here, right?
We're all seeing the same stuff.
And with ETH, I just feel like it's not even about the price action on ETH.
It's about seasonality.
And like, if you look at all the trending, like, seasons where ETH trends, it only goes
up, for the most part, a little bit in Q4 for the second half, and then in Q1.
And then it has like a little echo bubble in Q2, and that's it.
Like, that's your majority run, right?
Even in 2017, like, most of the gains on ETH happened the first half of the year, right?
But, yeah, dude, shit on Soul is absolutely insane.
Like, Top Hat is another one, bro.
Oh, man, that's probably like one of, yeah, that's, I only have a moon bag of that.
But it's probably like one of the most underrated tokens.
And there's no VCs or any of that stuff.
And it's gone through multiple 50-plus percent retracements.
It's gone through many accumulation ranges.
And, yeah, this thing, like, should be on par with virtuals by at least, like, half, I think.
But the volatility is something else.
Because virtuals, like, what people don't understand is Brian Armstrong, before the election, he put out a giant post about agents, right?
And he mentioned base.
And, you know, Coinbase actually backing its own chain with AI.
I mean, if that's going to be a thing, then so be it, right?
And I feel like a lot of people just got sighed off by the animal pictures and this asset, like, this sector is just going to run without, like, a lot of the people.
And that's why you kind of see, like, people on Soul trying to get the same gains on base.
But they just seem to jeet everything at, like, 20 mil.
I can't tell you the amount of tickers, guys, that I have seen launch where it's, like, in a day it goes to 15 mil.
It corrects by 70%.
And then it goes to 20 mil and then just rugs.
Well, Wabi, the reason why.
Like, it's insane, dude.
It happens again and again and again.
But I feel like once you get a ticker above 30 mil and it, you know, makes a few daily closes above it, it's a fucking winner.
And there's this one ticker.
It's because everybody's chasing price, bro.
Like, that's the thing on Solana.
Everybody's chasing.
So that's what you mentioned about.
And they need docs devs, too, man.
Docs devs tend to, like, with AI, I feel like if they have docs devs, it actually does well.
And I'm just going to mention this ticker one time.
But I don't really recommend anyone to buy it because it's up, like, thousands of percent because the launch was kind of weird.
HyperFi.
I think that one might do some numbers.
It is, like, trading above 100 mil.
And I own zero bags of this thing.
But they are working with AI-16Z.
Is that a hyperliquid AI DeFi?
No, no, no.
It's, like, AI and metaverse and gaming and stuff like that.
Oh, yeah.
And DeFi.
It's, like, a whole mixture of things.
But the only thing is, is, like, a lot of people, they probably, they all bought within, like, the first 20 minutes of the launch.
And, I mean, you know how it goes, right?
Like, with things on Sol, something can go literally from, like, zero to 100 mil.
But the retrace that follows after, that's when you buy.
That is when you buy.
When you see the retrace and you see the accumulation because, like, 90% of the time.
Fundamental repricing.
I hate to say it, but it's a fundamental repricing.
And it's where people stop chasing price.
And, well, the first wave is people chasing price.
And then you have that big pullback and sell-off.
And then you have the fundamental repricing.
And then that next wave of liquidity, and it's the biggest wave of liquidity, is people chasing the fundamentals and people actually chasing the tech.
That's what you had happen with all the AI tickers across the space.
They all had, majority of them all had huge pullbacks at one point.
You know, they ran up to, you know, X market cap.
And then, you know, you have big pullbacks.
And those were the people that were getting out.
They had just been chasing price.
And then the people that followed were the people that actually dove into the tech and the fundamentals and, you know, realized, like, the potential, the sector and the ticker.
Facts.
Yeah.
I took a look at some of, like, the old names, man.
Things like Sheegan, I think, are just dead.
I think that one is just cooked.
Like, I think Donnie said this, but Donnie or somebody else, but, like, when these devs see price, like, going down, they just fucking quit, dude.
Like, they legitimately just quit.
Like, the Zerebro guy, like, every other fucking week, he's like, Zerebro's doing this, Zerebro's doing that.
Like, you can call it all you want.
You can hate because this influencer is bullish on it or that influencer is bullish on it.
But, like, what's going to make your token go up is attention.
You know what I'm saying?
It's going to be attention and nothing else.
Like, if your project has doxed, like, dude, with AI now, it's at this point, it's all about fundamentals.
It's not just, like, memes, memes, memes, memes, memes, right?
Um, and I think you're going to see some names that come back that are just going to, like, shock people, to be honest.
Um, I really do.
But, uh, Prometheus, what are you seeing out there in the markets, brother?
Um, I mean, I'm seeing what I'm waiting for is the next, like, Paraluna equivalent, like, DeFi, DeFi Bonanza.
Because, I mean, you just know that's going to come when we have, like, all this liquidity flood in this space.
And you're going to have people, like, looking to try to find, like, free yield on their bags so that they can hold for, uh, and farm for next cycle.
But it's, like, I'm just really watching out for, like, DeFi.
Like, I'm trying to, like, scour the web for that, those, like, handful of tickers that are, you know, mixed between AI and DeFi.
You know, because there's going to be those, like, robots that give you that, like, 10,000%, you know, like, juicy APR.
And, and I'm just, like, that's what I'm looking for right now.
And I think, like, we haven't even, DeFi is so behind the curve.
And it's potentially one of those things that runs, you know, later in the cycle.
Because a lot of people got absolutely freaking burned on DeFi.
Like, the amount of money that essentially got eviscerated, like, just disintegrated by Luna is, like, I think scarred a lot of people.
It scarred a lot of people in this space.
But I think it's going to have a fat comeback.
And it's just going to take a little bit of time for the, for, like, the participants to take it seriously again.
It's kind of like what we had with AI.
Like, you know, I mean, AI, it's been a hot narrative basically from the beginning.
But, I mean, I will say, even in the beginning, you know, I was pretty skeptical.
And a lot of other people were super skeptical.
And it just took time for that space to really, like, prove itself and what it's capable of.
And so that, you know, the participants could see, like, oh, wow, like, they're doing all this stuff in that sector.
Like, that's badass, you know, and if, I know that there's some projects that are cooking behind the scenes.
And if there could be, like, once traction, once DeFi, the DeFi sector starts to gain traction.
And if these names, if people start to pick up on these names and you get more and more traction,
then I think the majority of participants are going to take it seriously again.
And I think, too, the sector in a whole really has matured and learned from itself.
Like, you don't have these, like, crazy flywheels.
I mean, you have some of it, but, like, they don't get as bloated as they were last cycle, right?
Like, last cycle you had all these Ponzi's, you know, like, Ponzi Ponzi's.
Not just, like, your regular, like, regular Ponzi's, like, actual fucking Ponzi's with just crazy yield, you know, running up,
multiple running up to decabillions.
And, yeah, I'm just, like, I'm watching out for, like, I'm watching out for that next, like, DeFi craze
because that's what you're going to see.
Like, you're going to start to see, you know, people wanting to get yield on their Bitcoin.
You're going to see people wanting to start to get, you know, like, just yield on all their stacks in general.
And there's some protocols that are, you know, working hard in the background right now for people like, you know,
hopefully for people like Saylor and potentially some of the bigger miners
and people that just have, like, huge, huge Bitcoin stacks to earn, you know, safe, free yield on.
And then what you'll probably see is you'll probably see Saylor turn into a bank.
And I've talked about this in previous spaces, but Michael Saylor and Brian Armstrong are going to be the Steve Jobs
and Bill Gates of crypto, and Michael Saylor is going to be the bank, and Brian Armstrong is going to be the custodian,
and everybody's going to house, everybody eventually is going to have to house their crypto and Coinbase.
They're just too much in bed with the feds, but I think it's kind of like, I think it's kind of interesting right now.
Like, I love seeing base pop off, and just like we were talking about, it's just a different mindset over there,
and people aren't like, it's GD, you know, you still have pretty big corrections,
but it's the liquidity is more stable and not as volatile, which is nice.
It's still volatile, and you can still take advantage of the volatility, but it's a little bit, it's a little bit like cleaner
and more intelligent liquidity, I would say.
And yeah, that's like, that's just what I'm watching out for,
because I know that eventually there's going to be this like crazy AI DeFi protocol that comes out,
and I don't think people are really ready for it.
And it's, I think what's going to give it DeFi potentially, the DeFi sector potentially the traction is integrating AI into it.
And so that will bring like a lot of eyes and ears over to that space.
And then you'll start to see people kind of become more and more aware of that.
Because it's hard to like, it's hard to turn down a 20%, 20% free yield,
especially when you're going into the bear market, you know, and you have like a fat stack,
and you like don't necessarily want to convert it all to cash.
So yeah, I'm just like, I'm kind of watching out for those things, but I'm chilling, man.
It was freaking crazy here the past two days.
We got like probably seven, eight inches of snow, and there was like a third of an inch of ice on the ground.
I'm not even kidding you, like a pane of glass over everything.
It was crazy.
So I just finished up shoveling my driveway, but yeah.
Bob, are you there?
Yeah, I'm here, brother.
I'm here.
You know, I think like this whole IWM thing, I think we're finally going to see some resolution.
I think a lot of what we're talking about might happen a lot quicker, and we actually might have like double peaks this cycle.
Like maybe one, the first half of this year, and then the other half is like Q1 of next year.
But the fact of the matter is, right, like once rates are at zero, because I do think Trump is going to bring them to zero, that's when you have like these low cap companies actually start to borrow money and then retail.
Right. And usually when rates go to zero, there's always some like massive correction that happens.
But then shortly afterwards, like things just rip up to all time highs.
And these markets aren't the way they used to be, where they take some time to grind up.
Like, dude, the S&P is damn near double of what it was from Q4 of 2022.
Doesn't that surprise people, Prometheus?
SPX bottomed at $3,400 in October of 2022.
Oh, bro, I remember, I remember I saw it have like that death cross where the two and the 20 cross, and I was in the grocery store, and I called Tucker, dude.
I'm like walking through the grocery store, like, and I was heavy short at this point, and mistakes were made.
But I'm like walking through the grocery store, and we get like this death cross, and I'm like calling Tucker.
I'm fucking screaming, bro, like in the grocery store in the produce aisle.
And people were looking at me like I'm fucking crazy.
But yeah, that was the bottom.
I remember vividly.
And oh, something else I forgot to touch on, but volatility expanding right before Christmas is really what we wanted to see.
And I think volatility, that volatility expansion is what is going to drive, really give us the juice to go higher.
Because as we move forward, you know, I posted something on my timeline, and it's kind of interesting, but it's the saying goes like tops don't form when you have an expansion of fear, they form in the absence of fear.
And you see all this, you see all this positioning, these hedges come in and an increase in the positions for hedging, and people buying short dated puts to protect their positions.
And I just think like, that's the fuel that we needed to go higher, and you're going to get that like David Hunter SPX to 7,000.
And, and then ultimately, Bitcoin is going to follow and the Dixies at 109.
And with the Dixie being at 109, and Bitcoin at 100k, like, if, if, if Dixie comes down to below 100, like you could damn, damn well see Bitcoin, like, violently shoot up to 100k.
And see like, and see like a massive flood of liquidity into like risk on that you were talking about, like, that's what we need to see, like, we need to see like a weakening in the dollar.
And when you start to see yields come down, and then it's just full risk on.
And what's so interesting, too, is we're already pressing new all time highs, and the S&P is already at new all time highs.
And, you know, and then you still have yields, yields are still high, the dollar is still super strong, you know, it's really interesting dynamic.
And, yeah, just once we get those like true risk on environments, it's like it could get so, so, so crazy.
And I personally lean more towards the 2017 top myself, with, with a 2021, the 2021 42k complacency, complacency shoulder, kind of vibe after the big blow off.
So, if you like smush the 2017 blow off top and then put a complacency shoulder on the back end of it, that's kind of what I'm eyeing.
But, who knows, we'll see.
I mean, I'm not, I'm, market structure's bullish, so, I mean, like, I'm in my bags, and, and I'm, I'm loving it.
Did you ever cut the bit when we had David on the show on YouTube?
Yeah, bro, I, I remember that we were, we were probably like, yeah, like 37, 3800, and you guys brought him on, and he was like, oh, yeah, we're gonna go to 7,000.
And, I mean, even then, that just shows like the wisdom of, of like old people, and to really pay attention and listen to old people.
And just, you know, it's, it's so funny that younger, the younger generations are ignorant in the fact of not listening to the wisdom of, you know, your elders.
And that's something that I learned very young, is like, respect your elders, and, and there's a reason for that.
Like, they've been around the markets for so long, but, yeah, you guys had him on, and, yeah, the S.P. was at like 37, 3800, and he was like, oh, yeah, we're gonna go to like 7,000 by like the, by like 2025.
and i i was hysterically laughing bro when you had him on i'm not even kidding like
it just seemed like so prophetic and just just not even in this realm
and then it's so funny like for the smp to like double and market cap
and uh yeah now looking back it's like wow like wow it's been what a ride it's been and i think too
we're only just getting started like that's the crazy thing for the reasons i stated just now but
yeah i had him on uh pretty much like the week that pepe topped um in may of 2023 and then i
had him on one more time uh in august of 2023 i think he was eyeing uh he was actually eyeing like
2024 for it to be the blow off top but i think he's like retired now or something i don't even
think he tweets anymore at least i don't really see his tweets anymore maybe it's just more of
an algorithm thing bro you know he made a bag you know he made an absolute bag
yeah um i don't did he ever blow up before i don't even know i don't even know the thing is
is like i feel like most i think everybody like if you've been around the space for long enough
everybody has probably had at one point or another like you've probably blown up an account no matter
how big or small it has been you know what i'm saying or like you've at least experienced like
90 drawdown you know i mean i did shit when i started out i was scalping options and like
had no idea what i was doing you know it's just like you got to pay the piper you got to pay your
tax and that's like part of the learning experience you know it's like you could like the guys that are
like oh like go learn go learn paper trading like open up a paper trading account and like learn paper
trading you know nothing is like the real thing like you need to go risk money you need to go like put
put it on and you need to realize you gotta introduce them to solana you gotta introduce
them to solana bro that's what i'm saying like that's literally the people that it's like their
first cycle this this cycle is their first cycle that got on solana and they got on pump fun and
they got a you know and they got on they got moonshot and they're over here you know with their
apple pay buying shitters and you know they probably like ran through like their life savings
it's like that is their learning experience you know and then the people that you know don't stick
around or you know it's like the people that stick around are going to be the people like next cycle
that do really really well because in the toughest times in the markets it shows who the real ones are
like it shows the people that are willing to like grind and the people are willing to put in the time
and expand their knowledge and expand their understanding like you have to go through those
drawdowns like you have to go through those tough times like i don't care who you are and the thing is
too it's like if you got in this cycle at like the perfect time you know you got in i don't know like
mid-october of last year and you know it's like up only for you you didn't learn anything like you learn
stuff through the failure and through like the blowups and through the big drawdowns that is the
time where you really grow the most as a market participant in these markets truly
yeah it's just well said brother yeah well said yeah um that's pretty much it for me today if anyone
else wants to come on up talk about markets ask questions uh give any your thoughts on the market
feel free to hit that request button there's a little button to the bottom left um otherwise
i'm gonna call it right here y'all i want to thank donnie and prometheus for joining me on today's
stream i'll be back tomorrow on our youtube channel for market check if this is your first time guys
if this is your first time tuning in we are because bitcoin we're an online financial media company we
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yo doomba you there brother
am i coming in rough or i don't think he hears me
yeah i was um i was wondering if you guys foresee any kind of like i don't i've been
looking on youtube and shit just because like i really like to look on youtube to see what
basically the normie influencer youtube people are talking about and they're all talking about
ai16z and all these different ai agents and i'm like i'm wondering if there's going to be some kind
of capitulation event or like some kind of just like a big taking profit to like just wipe out a bit
of that sentiment and i see a couple of like the old just dog cat meme tickers slowly gaining
a little bit of strength kind of like mudang um
and uh just like popcat like popcat's not doing anywhere as strong as it was but i'm wondering if
there's going to be some kind of rotation because i mean that's how the cycle has been it's like
when like i remember like fartcoin retraced back to something like 20 million and now it's at a
billion and i'm wondering if there's going to be some kind of like every time something gets listed
on leverage it basically runs up and knocks out the initial shorters and then will range for a while
which fartcoin actually is like the ultimate different beast like that is that was one of
my biggest plays of the cycle but i'm i'm kind of wondering if there will be a resurgence of like
these dog and cat coins because it seems like everything that's been launching now is just
anything and everything ai and then everything i see on my feeds is how ai is like going to take over
the whole space and i mean i think it is i mean ai really does need to be decentralized because
that's the only way that it's going to grow and become a a good consumer aspect not throttled by big
companies but i'm wondering if anybody thinks that there is going to be kind of
uh like doldrums period where ai and stuff seems like it's never going to come back again and like
there will be some runners but i'm wondering if there's going to be a like oh yeah we should have
kept it simple and just been buying the dog and cat memes buying bonk buying pepe buying wolf all that
because it seems like they've been taking a backseat for like the past month or two and this
whole cycle it doesn't seem like anything has had the traction that ai has for this long and it like
there's just that i don't know if it's just the cycle has given me ptsd of every time something has
been so good for so long there's always a drawdown but i was wondering what anybody's opinion on that was
like if maybe the dog and cat coins will take like it's it always just seems like whenever there is
the hot narrative coming up that's when big money is bidding the things that aren't performing or if
you guys think that basically for the rest like for the next three months or like maybe until april
that ai is just going to run hot and that's going to be what it is
and um yeah at least for me man i kind of think that like a lot of the jpeg altcoins a lot of people
just bid them up because there was nothing else to bid and people were bored and it was really like
the only sector that was catching people's attention for most of the year um but we are starting to see
some of those names rally alongside these names so and that's good i just don't think that like
the total addressable market is going to be bigger than ai memes because some of these things have
actually trended outside of ct but i could be wrong um i just think that like a lot of the
notional buyers for some of those names are already priced in um whether as you know a lot of people
they're still wondering like oh how high can ai go like why is it trending for so long uh when are
they going to stop when when is there a top instead of like actively bidding right uh and i do think
there's one meme that's going to be flipped but i won't say it on this space and i think once that meme
is flipped by either virtuals um or ai 16z i think that's probably that's probably when like
a big correction is going to follow through and you'll be able to get these names um at a discount
like the beta of ai 16z and virtuals uh but again i could be wrong market doesn't owe me a damn thing
and i mean that's kind of like how l1 started right like the market in 2021 january 2021 um
market was kind of saying how soul is it going to get anywhere because a lot of supply overhang and
luna is going to blow up at any moment because anchor might not like you know do well because
luna ran up from like 25 cents to 20 bucks because um the anticipation of anchor protocol launching and
all that stuff and you know the demand for usc was going to be through the roof and yeah like the
market the the market always has these hated rally sectors and i just think that it's ai for the moment
and will there be a rotation probably when i i i couldn't tell you man um but all this shit's just
gonna melt up when trump is in office right like when trump won the election like every single sector
um caught a bid like every single one of the bid like culture ai even gaming like mana and sand ran and
so like the rally that we had from the election all the way to like the first week of december
where a lot of things topped like that's when pepe topped that's when doge topped like that first week
of december second week of december probably that same rally but um james brew what's up man
oh hi guys um well basically it's kind of a long story but um i like mined a million bitcoins back in
2009 and i did a little test last night so i'm on coin market cap i've spent literally the whole i've
spent like two years like looking for my bitcoins it's driven me fucking mental anyway kyc
i think it's basically all account bro oh yeah yeah i'm not trolling i basically um on coin market
cap i've bought a thousand bitcoins to see if i could pump the price over 100k obviously it worked so
on coin market cap i've got like seven billion um so yeah happy days tell me what you know about
futures and cmc and coin gecko thank you james thank you for pumping up the market
i appreciate you brother all right uh bce early adopter dot base dot e that is
one hell of a name i'll tell you that bce early what's up brother how we doing guys thanks for uh
having me up here um i haven't really been much into spaces too much but uh i've been following
you guys at because bitcoin and wanted to just uh shout out the early boys club calls getting me into
pepe and uh andy real early uh so shout out for that um i wanted to kind of piggyback on the
conversation before about uh the base chain uh my my handle stands for base chain early adopter but
i've been on it now for the better part of like nine months so you can't call me the earliest but
um i bridged stuff over pretty early after launch and uh i've been doing pretty well there too and
wanted to get your guys thoughts on um like the uh i don't want to call copycats but the beta plays
they are kind of copycats like uh the base far coin that donnie's big on the um the base buttholes the
you know the the derivatives the betas of uh solana versions and what you think their potentials are
is it 10 percent 15 percent 20 percent that they can uh you know capture uh of of the solana
versions market caps or what are your guys thoughts depends how they're doing their marketing of their
actual brand of their building and stuff so like the reason why i like base far coin was that you
know the original far coin wasn't really putting out much content so on that front they're being
out competed so that gives it an edge that gives it something that can capture more value than
something that's just a direct derivative that's just changing the aesthetics you know if you have
a picture meme and they've just got a blue hat it's a bit different so yeah it just depends depends on
the delivery of you know their marketing so i don't know about any other base derivatives off of the
back of these memes and stuff potentially they won't be able to capture that much and they run the risk
of if that sector let's say like fart coin or whatever has a big correction they run the risk of
you know completely capitulating because the narrative isn't strong enough the content's not strong enough
there's not enough community because you know the marketing is weak essentially so it just depends it's
very you know uh dependent on the coin you have ski mask which is like still a derivative of whiff
but they've done a completely different you know uh dog with like a ski mask it's still the same but
it's not dog with a blue hat for example you know so there is that twist to it they've changed it
ever so slightly and you know built a brand around that like ski mask stays on or whatever they've got
as their slogan so that can capture like a decent percentage of whiff for example and you know if
it's strong enough it can even like match it in market cap or flip it it just depends depends on
the team's execution as well who's behind the token and stuff gotcha yeah i know we've seen like and i
don't want to like talk down on anything else too but like the the chill guy uh derivative or the the
base version or the eth version or whatever it was didn't like necessarily it started to catch on but
then once chill like like you said once chill guys was really starting to to uh falter a little bit
they started faltering just as much if not more so um that is definitely a risk yeah so it just depends
if they have like a unique twist or something to their brand it can decouple it can outpace entirely
it just depends yeah i i ask because i'm pretty big into a bunch of them um of like derivatives on
base that were um either on solana first or eth first um like pepe derivatives or or like i said
the fart coin i'm in base fart coin i'm in base butthole uh this is just it's as ridiculous as it
is to say that's what we are in 2024 2025 uh meme season so yeah i mean if you scroll on the page of
base fart coin versus the solana one it's like two completely different brands you know so i really
like that about the coin like you know fart coin is funny as an idea but this is kind of like an
expansion of that idea it's the same with ski mask being an expansion of uh dog with hat but potentially
an even greater expansion like relative to the alpha like i wouldn't be surprised if fart coin on
sol started having a decent correction and then the base one just keeps putting in new highs
like just because it's so different in terms of the content generated but yeah we'll see if they're
both flourishing it's even better of course if you've got solana at all-time highs and fart coin on
sol at you know pushing 10 billion it just raises speculation on like fuck i missed this play where can
i bid this particular uh rising narrative 100 cool i appreciate the uh opinion the uh background
context and everything sweet bro all right guys i'm gonna go ahead and call it here thanks y'all
for tuning in thank you to all the speakers all the guest speakers that came up to ask questions and
give statements and all that we'll be back tomorrow on youtube and all that stuff big shout out to you
guys for supporting us here bb we'll catch you on the next one thanks donny for coming on doomba bc early
amethius see you on the next one peace out god bless you all
