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Market Talk- HUGE move incoming for BTC and stocks!CPI comes in COOL!
Recorded: April 11, 2025 Duration: 1:33:40Space Recording
Short Summary
Crypto markets are witnessing a significant rally, with Farcoin leading the charge, rising over 300% and nearing a billion-dollar market cap. The recent CPI reports from the Federal Reserve signal a potential economic recovery, while strategic partnerships and state-level initiatives are paving the way for increased adoption and growth in the crypto space.
Full Transcription
Thank you. Thank you. Thank you. you I'm going to try. Thank you. so . . .
. . so
so I'm ready. I'm ready. I'm ready. I'm ready. I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready.
I'm ready. I'm ready. I'm ready. I'm ready. I'm ready. guys man what a beautiful day what a beautiful day what a beautiful day guys thank you all for
coming through hope you guys are having a great day because i am and i'm sure most of you are as
well if you've been playing on some altcoins over the last couple of days when we were, you know, yelling and
pounding the hammer saying that it's time to bid some risk here, guys.
And today is a very eventful day.
We had CPI, right, Consumer Price Index reports from the Federal Reserve, which has been the
hot topic for this entire market for over three years now.
And the Federal Reserve back in late 2021 had said that they
want cpi to come to their target of two percent and here we are we have core cpi hitting 2.4
percent and headline also at 2.4 or i think 2.5 so the fed's target has actually been hit especially
if you look at Truflation.
The next CPI report is probably going to have a one-handle on it.
And prices are now quite a bit above on the equity markets from last Friday.
We actually have a weekly close higher than last Friday, which is when myself, Donnie, and a few others were kind of talking about equities and, you know, how the narrative of this whole trade war is blown way
out of proportion and probably at peak mindshare, especially with last week being World Liberation
Week, which, I mean, the consequences of that were equities hitting 4,800 on the S&P,
the Qs hitting almost 400. And here we are. We actually closed a pretty decent week on the
equity markets. I think we closed in just below those Wednesday highs after Trump tweeted that
this is a good place to buy. And then three hours later, equity markets just had their best day that they've seen
in over a decade.
And I'm sure you guys have seen it, right?
You see some analysts here on X talking about how, oh, we had days similar to that in 2008
and in the 1930s.
And basically, in market regimes that just are not comparable to this regime right here, right?
When we had those days on the SPX where we pumped over 7% in 2008,
that was after the S&P broke the 200 weekly moving average, right?
The 200 weekly moving average, historically, whenever we break it,
and right now in the S&P, it's right below forty seven hundred. Historically, it's only after the 2008 and worse than the last decade that we had from 2000 to almost 2010, right? Right. Where we practically did nothing throughout those years until Obama's second year in office where markets were essentially going up only.
Right. So. Now, if we take a look at crypto.
Right. What's leading the market?
Well, first off, you have Farcoin, which at this point point it's already bottomed you're talking about an asset that's up over 300 percent uh almost at a billion dollars in market cap and you also have hype which is the
native token of the uh of the exchange called hyper liquid that bad boy is up like 65 percent
um 65 70 off of its low at nine dollars so have in, I guess you can call it in a fundamental token,
an L1 token of choice, which is hype.
We can compare that to Sui and the pump that Sui had
during the second half of last year.
And you also have a meme coin,
which is also driven by an AI called term truth terminal right truth terminal is the
ai that created for coin and you know we saw what happened when far coin led the rally um throughout
december of last year and in early january when the broader market already topped out so during
that time period it's quite funny that those two tokens are now leading the charge again right and
we also have solana about 30 off of its low that it so that it hit at 92 93 dollars and i found it
honestly egregiously ridiculous that people thought it was a good idea to short Seoul, which was down over 50% in less than a month.
I found that to be incredible, honestly, a spectacle. You have a high cap that goes from
$180 in change to $90 in a month, and now was the time to get bearish after Trump had already created peak, peak, peak, peak mindshare
for this tariff war escalation, right? And now it's just this back and forth between China
and the U.S. And I understand that some people might be new to these markets, but this whole
narrative with the U.S. against China in a trade war isn't really new, you guys.
This situation had occurred in late 2018 and early 2019 when most of the damage to markets had already been done.
So if anything, if you really want to think that we make new lows, we're probably in line with November of 2018, late November, mid-November of 2018,
where the drawdown time-wise isn't really that far off.
And usually, as the market is finding its bottom during its bottoming out process,
you typically have some assets that lead off of the lows.
And, I mean, we also have the U.S. consumer index at its lowest point in almost 50 years.
So you have consumer sentiment overall, the lowest that it's been in decades.
In decades, you have sentiment across the board in retail and also institutional interest back at GFC levels.
And when everyone's expecting a recession,
it usually does not happen. It usually does not happen. Things usually don't look bearish at tops.
Things don't usually look bullish at bottoms. So I think it's a wonderful time to be in these
markets. I think now we've kind of crossed the path of, all right, let's get
our feet wet, just grabbing your ball sack and saying, let's take a chance, Nussie Johnson,
right? And now the next thing that I'm assuming the market is waiting for, guys, is that next
on-chain runner that runs to 200 to 300 million where most people miss out.
And it's kind of like the gunfire in the sky.
And we saw that multiple times last year.
We saw that with Mooting in September of 2024.
And then we saw that with Goatius Maximus in October of 2024.
We also saw that with SPX 6900.
And we saw that in Q1 of last year with Popcat. We saw that with Whiff in Q4 of 2023. We saw that with Rollbit two years ago in Q1 of 2023. So you always have some sort of signal on chain right there are some tickers that have done tremendously off of off of the low and
I'm also seeing some new on chain tickers that have recently hit 70 mil 80 mil so that ceiling
is getting a little bit higher right that's that's where Kida had topped out KTA right around those
price levels so I think for some on chain tokens that, that's the next level to look out for.
I think once you see New York tokens get above 80, 90 mil, I think we could be back, guys.
Even if all of this is just a counter-trend rally to range highs, which as of now sits at 89,000.
Valley to range highs, which as of now sits at 89,000.
But if you go out on the weekly, the upper range is probably closer to 100,000.
And I think it's going to pay to be more optimistic than not.
But of course, we are going to have to adjust our risk right like if we see Bitcoin kind of getting rejected again off of
89k 88k of course it would not hurt to take some profits if you're up a bit but
nonetheless outside of a trade war unless Trump starts to talk about Iran
and stuff like that right like I think the market has already begun to digest all of this trade war escalation.
But nonetheless, I don't really want to harp on about this trade war situation.
I feel like everybody is talking about it.
But look, I got Donnie up here.
I got Chil up here.
As always, guys, our Friday shows are usually a bit smaller and they're a bit more um quicker in length so i want to thank you all
for coming in here first and foremost whether you're listening to the recording or you're here
live up on spaces this is wabi bringing you market talk by because bitcoin and before we
officially get started guys before we uh rant and banter about all things crypto prices narratives
dubious speculation all that i have
one small favor to ask of you guys doesn't really take that much effort you guys always do a
wonderful job at this but if you guys can go ahead and show some love to the space the best way y'all
can go ahead and show love to the space is by clicking the spaces tab and right up above you're
going to see a little square i call it the jumbotron some people call it the nest if you guys can go ahead and smash up the like button and most importantly
than anything if you guys can go ahead and retweet repost the spaces link go ahead and do that guys
as it does do a multitude of things it helps bring more eyes and ears to the brand helps get more
people onto the show and of course you never know, maybe some of your favorite CT accounts could be down
here in the audience and I can send them an invite to speak, right?
I do enjoy sometimes networking and connecting with other like-minded individuals that love
to talk about these markets, right?
But I mean, in equity lands, you have the Qs closing right about 5% higher than the previous weekly close on Friday.
We're basically saying up here that equities are going to bottom this week.
And they did.
Here we are.
And I think if we actually do make new lows on equities, then I really think Trump doesn't even have an effect that much on markets anymore.
And I think the edge that Trump had is essentially destroyed.
And it's probably going to take a Fed intervention to come in.
But quite the weird market, right?
Throughout this entire turmoil, we had uh dxy absolutely collapsed the bond market
acting the most irrational that it probably ever has in modern history and volatility is at all
time highs guys but we're gonna go ahead and uh get some thoughts from the panel guys spaces are recorded as always so
we're gonna go ahead and rant and banter and do what we do best here and talk markets man so
first i want to pass it over to donnie donnie what's going on brother how are you feeling man
hot air continues to rise man for the last month we've been pounding on far coins since those lows
at 20 cents.
Even with those macro guys, remember when Cantro and all those guys were up here and we were asking them,
hey, what do you think about Farcoin, man?
And it always causes an interesting discussion, right?
And you know as well as I do, Donnie, right?
With all coins, there can always be this crazy sort of narrative about fundamentals and all that stuff.
But we all know at the end of the day that price is the ultimate arbiter of truth.
And everything else is a tie-up. a rally that mimics something either like a doge or more specifically something like pepe you know
that massive rally that pepe had in q1 of last year it's probably going to be far coin a lot of
the supply has been cleared up a lot of uh resistance levels have been cleared up i mean we saw that 60 cent level was a massive
region where far coin kept getting rejected but you know here we are brother here we are it's uh
it's lovely to be here with you brother no homo and looking forward to the discussion man uh i actually had um um my uh speaking of speaking
of farts i actually had my new uh protein tub come in as always guys my favorite protein is
from muscle meds right it's a beef protein it's called carnivore and the flavor is cookies and
cream if you want a protein shake that tastes amazing, it's Muscle Meds. That's
the brand. The protein is Carnivore and the flavor is cookies and cream. This is not sponsored or
anything like that. This is just a plug in case some of you guys like to drink protein shakes,
but this is a beef protein. It's not whey protein, right?
But it tastes amazing, and it also has some creatine included in it also as well.
But nonetheless, bro, Donnie, what are your thoughts, man?
I think the most important topic of the day is that CPI print, man.
Most important topic of the day is that CPI print, man.
The Fed, specifically Powell, has done an amazing job
during the last couple of years to tame CPI, man.
It's sort of like, it's almost bittersweet, right?
This chapter of CPI being the headline for multiple years
is finally coming at an end, man.
And it really looks like that thread that you put out could actually come to fruition.
So I want to welcome you up, brother.
What's up, man?
Hey, bro.
Yeah, I'm loving what I'm seeing with basically every single chart at the moment.
I just shared in the nest just like a local Bitcoin chart at the moment.
We're talking on the last space how uh we're still not like completely
um sure if we can start building the case of the bottom until we cross 84 700 which is basically
just that red zone that's marked um on the chart and today you're really trying to like you know
test that level with you know decent amount of strength here so that's kind of like the first
um line that i want to see crossed
for btc and the interesting thing about like that particular level right now is you know how we've
been running um dxy and global m2 for like months now you know you can do different um
different offsets on the days of when you think sort of that wave might kick into a BTC.
And, you know, if you get above that level right now, it's looking like this wave that you're
about to catch is essentially just going to be, you know, I would say about four weeks of pure
upside, right? If you start getting above this level and more solidified if you break 88 800 right so it's exciting to see that
and obviously seeing dxy nuke yesterday um regardless of you know speculation about why
and all this kind of stuff we've covered many times how my personal view of that is
it's giving you a trend if that direction continues there's nothing that's going to stop the liquidity cycle unfolding.
I don't care if they're buying Swiss francs.
I don't care if they're buying gold.
That liquidity is entering markets.
And when the risk environment changes,
it's going to come into BTC.
So I'm just happy to see it.
And I'll actually just share another chart for DXY.
I posted it yesterday.
It's a bit of a messy chart, but there's no other way really to present it.
It's just ETH BTC over DXY.
Basically, what I noticed, and it kind of makes a little bit of logical sense here,
every time DXY loses 100 after going on an uptrend to get there,
time DXY loses 100 after going on an uptrend to get there, you get this quote unquote higher
risk appetite in the crypto market, which is essentially just ETH BTC doing well.
It doesn't mean it has to go on a crazy parabolic run like it did in 2017.
But altcoins get relief and they start catching the bit.
So that was basically how I was trying to,
well, what I was waiting for to see how ETH BTC would start to respond, not instantly, right? Because there's a delayed effect with DXY anyway, right? There's a process, you know, we've been
noticing like a three month lag, this sort of stuff, but it's headed in the right direction.
And as you can see, ever since the COVID cycle, we've had this beastly dollar index that's essentially gone on a bull run and maintained above 100 this entire downtrend of ETH BTC.
So in hindsight, looking at this, it kind of makes sense, right?
And this is this whole thing around inflation, the CPI, Jerome Powell trying to get it under 2%.
It's just been a massive problem
since COVID. If you have friends around the world and stuff, you know that the economic state of
most parts of the world has been pretty shit. People don't have money to throw into risk markets,
nor do they have the appetite. So if we're waiting for this easing of financial conditions by the dollar going down, then
this chart is showing me that we kind of haven't actually even started the run, quote unquote.
Right.
So if financial conditions continue to ease and DXY starts to get acceptance below 100 and starts trending towards 90,
perhaps even lose 90,
then you can really start building a case
that you're about to get like a monster old season.
And if you look at just visually
from a timing perspective,
how I've laid out that arrow
after it loses 100, that blue line,
you can see that this rally would start to chip into Q1 of 26
or even as late as Q2 of 2026.
So yeah, it's just going to be interesting to watch this develop.
I think ETH BTC is going to react from this.
And we'll see what happens when BTC starts to go on this rally that I'm expecting.
I'm still expecting May and June all-time highs and all of the points of data on the thread that
I shared last week are slowly starting to add up and unfold. It's just you need to go level by
level now on BTC and start confirming things right. We're also waiting for positive news with this whole
US and China deal. That'll just add a cherry on top. And I see people are freaking out about the
bond market and stuff. For me, when I see this kind of bond volatility and all this
system breaking stuff, well, what's the solution? The Fed is going to have to intervene. Someone's
going to have to fix that bond market. And the way that they fix it is with liquidity injections.
Doesn't mean they're going to do explicitly QE or whatever, but they have different pockets and
ways that they'll come up with to stabilize that bond market. And that ultimately just
adds to the liquidity cycle. So if things break, they're going to fix it, which is why I want to be on the other side of that. Even if it's more local pain
for me, I don't care because I know what follows after. They always bail out the system. I don't
think that's going to change. So you're either betting on the system collapsing here or you're
betting on a very great opportunity to where we likely go through another inflation cycle with the dollar essentially nuking.
And yeah, that's the route that I've chosen to play and excited
to see it unfold. But everything looks good to me. Even gold right now, like rallying,
like I said, the liquidity is going somewhere, right? When you're seeing these M2
optics, it's approaching pretty high time frame resistance
since you're pulling a range from
2011 all the way to the bottom of gold in 2015, which is a very high timeframe range,
right? And you've got a 2.618 fib around here, 3,350. Yeah, I'd be looking for some sort of distributive structure on gold here anytime.
And if you pair it with potentially a Fed pivot or a dovish Fed tone at this next meeting,
aka risk appetite being renewed a little bit, gold will likely start to distribute as that
risk on green light starts to turn on, right? And people want to bid
elsewhere when the conditions are good. So literally everything is lining up, man. Let's
see how it unfolds. And yeah, Fartcoin crazy off the lows. We actually saw it coming because
if you paired Fartcoin, whether it's on a solar base against BTC, it was literally trading in an uptrend while Bitcoin dominance is rising and while every other old coin is going down only against BTC.
So regardless of what the ticker is, when you see that as a chart analyst, you just can't ignore that because it's just price data.
And it ended up being a good trade.
And I think that trend can continue.
I was looking at, I'll just share this as well on the nest.
This is based VARC coin over BTC compared to the sole BTC rally from 2021.
So again, regardless of what the tickers are called,
when you see this price
action being built up, you just can't ignore it. So Bitcoin dominance rising, this trading
vertically against BTC, what do you think is going to happen when BTC goes into price discovery and
starts to give on the Bitcoin dominance chart? More liquidity going into old coins and the rest
of the market. That's when you get that parabolic run that you can see on the Sol BTC chart
because all the liquidity is starting to go into the rest of the market.
So essentially, you've found yourself a golden ticker to bid and reap a reward.
It's just a very simple trade.
And the narrative, as we've seen over the last few weeks,
even with horrible market sentiment,
you have people like Peter Schiff
making posts about
Fartcoin Strategic Reserve,
adding to the humor and being a part
of that community.
So seeing that build up,
it just adds more confluence that
this narrative actually
might be here to stay and actually might perform
a lot better than people think
strictly by
comparing it to btc because if you pair donnie not not interrupt you man i know i know you're
cooking but do you think farcoin has the ability to go more viral than pepe and i'm asking that
uh just to give some context as you know i hate asking loaded questions it's the only meme coin uh that was
bred here on crypto twitter or just like our own little ecosystem that has gone off to be viral
for multiple months on the mainstream media and actually touch retail farcoin was trending on
cnbc and all the other mainstream media news channels back in
november when far coin was trading at like 10 cents right and we haven't really seen anything
like this since doge to be honest yeah i i agree with that it's interesting because when you have
like you know pepe which has been the leading leading meme coin from the new meme coins this cycle, you know, reached such high market caps.
And it did have high levels of mindshare, but I think mostly within the crypto community.
And so that's where Farccoin on Sol can stand out a little bit.
Because I remember at the Trump inauguration highs, the mindshare on Fartcoin on Solana was insane.
I had retail friends and I had a bunch of other crypto friends telling me about their circles.
The three tickers that they were asking about were Bitcoin, Trump, and Fartcoin.
So that kind of started to give a glimpse of potentially how this thing could unfold,
whether it flips Pepe or not.
I'm not sure.
And you can build a good case for it because
they're not on Binance yet. They're not on any of these other big centralized exchanges. Therefore,
they can use that as a fuel, as a catalyst for reaching these decabillion market cap levels.
So I'm not sure. We'll see how it plays out but you can definitely start building
a case for it right but it also just depends if um it depends what your view is on ethereum here
right and i i'm gonna do a massive thread on eth right see if that plays out as well i've got like
a big thesis for it whenever i get the time to actually write it out. But if something like that were to play out
for ETH when
everything changes for ETH
then it'll be hard to take Pepe
down, right? Because just
purely from the ETH performance that can
unravel. So it'll be
interesting to see and I just think
they can both do well at the end of the day.
It doesn't have to be one does better
than the other.
But they're pretty close in market cap right now, right?
One billion versus just under three billion.
But yeah, I think it'll be a close contest.
Man, that would be something.
Pepe is like a three billion market cap, you said?
Yeah, $3 billion.
Jeez, man.
I thought at the very least it would have been at like $5 billion given the bounces that we've had over the last week, man.
Wow.
That is something else, man.
It's holding up better than ETH, like, you know, relative on its own chart.
So, you know, if ETH does start to pretty much make a U-turn from these lows,
then I think Pepe's going to catch a major bid, right?
So, it still looks pretty good.
Man, I have some dubious speculation that if a sole ETF goes live this quarter or next quarter, kind of like how the ETH one went live over the summer of last year, we could have a rally for Farcoin back to all-time highs.
That would be a sight to see, man.
All of these strong tokens will go well beyond all-time highs. If that May and June prediction plays out, easily. Like, easily they'll break the all-time highs if that may and june uh prediction plays out easily like
easily they'll break the all-time highs but bitcoin is that bitcoin hasn't even broken the
first like minuscule level on its own chart let alone if it goes to like 138 150k you'll probably
see firecoin trading above 10 bill and the sentiment right now, just to have this laid out here, the sentiment right now is be careful because my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my-my- And, man, I just can't get my head out of my ass in comparing this little narrative with the tariff situation to 2018, right?
Like, November, December, during peak China and U.S. escalations in this trade war stuff. So, dude, it's so interesting how, like,
now is when you start seeing some sentiment come out,
like you should touch grass and all of that.
But we're also seeing some pretty bottom-of-the-barrel stuff,
like consumer confidence is down to 50-year, 45-year lows.
Sentiment on markets is the lowest that it's been since GFC,
and the narrative is going to be hot air rises, man.
The funniest.
What was it that Elon said?
The most ironic outcome is the most likely.
Yeah.
Yeah.
Yeah, brother.
But, yeah, we got Chill. We got Josh up here also, man. Chill. How
are you feeling, man? Welcome up to the stage, brother. Unless you're driving. Are you still
driving? I literally, I literally just, just got home from, from Miami. Hopefully you guys can hear me. Okay.
Loud and clear, man.
Loud and clear.
I'm assuming you can.
I can hear you.
I can hear you.
Yeah.
Perfect.
Yeah, no, just got back in time to speak. So I was hearing all the rhetoric about F uh, about fart coin and, and, uh, base fart coin
and all that stuff. I, I, we talked about this on the show. I believe the last time I was on,
um, I think at that point, fart coin was probably at like 33 cents or something or 35, 37 maybe.
Um, but I know it was under 40 cents and we're headed towards a dollar right now. And
I can't help but agree when it comes to the upside. I mean, you really have to start thinking
about Fartcoin in this way. It's essentially an AI meme coin, if you want to put it in that
category. So what's probably the most exciting narrative, if we want to say this,
quote unquote, cycle, it would be AI, right? AI is using this meme as a way to affect,
you know, IRL culture. And essentially, the minute that SNL, they were talking about Fartcoin,
they were talking about fart coin, you know, was the minute that, you know, basically the
strategy that AI used to push this meme into the spotlight essentially worked.
And so when it got to the lows, that was, you know, that was just a perfect place to
hit the bottom. And a lot of people were laughing when I was putting all of my profits
into fart coin. A lot of people were DMing I was putting all of my profits into Fartcoin.
A lot of people were DMing me, asking me if I was okay, you know, making sure that I wanted to take this risk, et cetera, et cetera.
But, you know, here we are. Here we are now.
I mean, you know, I'm glad that volume is coming back.
I think, you know, for, you know, on-chain trenchers, traders, you know, I think it's pretty much it's been time to kind of lock in.
But, you know, when you when you hear of everything going on right now, essentially the markets, at least the trenches are seeing this will get resolved at some point.
Very, you know, let's say in the short to midterm. And by resolved, it could mean, you know,
somewhere could be QE, whether it be, you know, stealth QE, or it could be China devaluing their
currency. There could be so many things, but the rhetoric is, is that the market can see through
any kind of like short term hiccup and realize that, you know, someone will come to the rescue,
whether it be, you know, Trump backing down, see him pausing, whether it be, you know,
the Fed stepping in to fix the bond markets or what have you. We know that, you know,
we can see the light at the end of the tunnel essentially. And it's that light that we've been missing,
which is why volume has been non-existent in, you know,
for the last few months over, you know, February, March.
And I would even dare say just a little bit in April,
but, you know, a few weeks ago,
I put out a tweet saying that it's time to lay some eggs.
I believe this was like maybe a week and a half, two weeks ago, I put out a tweet saying that it's time to lay some eggs. I believe this was like
maybe a week and a half, two weeks ago, almost. And that was the, I couldn't have timed it better,
but I think that was a perfect time. You'd never know when something, when there's going to be
some sort of bullish news, you know, Trump pausing tariffs, no one can really predict that, right, unless you have inside
information. But the point was of that tweet months ago, a week and a half ago, was to say,
we don't know when the ultimate bottom will be. But we're 30% below all time high, probably on par
with one of the larger corrections that we've seen on Bitcoin so far,
since it's been going up. So why, if there is a place to bid, yes, there, we could, you know,
be go down another 10% plus, but the reality is, are you going to risk missing that entire move for
to get in 10% lower? Or are you just going to eat up all of these good
prices that are well beyond 60% to 80% down from all-time high? And I've followed up some of those
tweets as well. Even recently on Monday, I moved from cautiously bullish to what I call blatantly
bullish. And then the next day was when Trump decided to pause tariffs. And
again, that just reiterates the same point. We don't know what's coming. All we do know is these
prices are goods. If you are willing to risk downside, if you're willing to be DCA, maybe be
underwater for slightly for a few days or perhaps even a few weeks for,
you know, a thousand percent upside or 500 percent upside, depending on what you're bidding.
You know, if that's the tradeoff, that's the tradeoff.
It's worth it.
Right.
So I'm I'm glad that, you know, I started DCAing and slowly moving back into, you know, being a little bit more active, being a little bit more in the trenches.
You know, I take a little bit of a different approach to it.
A lot of people are just kind of active 16 hours a day every day.
That works for some people, but for me it doesn't.
So I try to strategically kind of time my activity in the trenches.
And, you know, so far it's been a pretty, it's been working well.
I do think now is one of those times where you do want to start kind of ticking up in terms of your activity.
And if not trading, at the very least paying attention to, you know, exactly what's going on in markets.
Because I do think that, you know, something big, you know, something big is on the horizon with trade war, with
China versus USA, with Fed versus bond market, with China, PBOC versus the Yuan.
We don't know what turn these things will take.
All we do know is the market is seeing through it.
And so we just have to position ourselves well.
But excited, man. Excited for this. just have to, you know, position ourselves well. Um, but excited, man,
excited for this. Hope you guys are doing well too. Hey, chill, man. Um, speaking of AI, dude,
uh, what the hell's going on with a wayfinder? I had no idea they had their TGE and they're up like a hundred plus percent on the day and it's it's something that gets me excited to be honest man uh i just gotta figure out like their whole token omic situation because their fdv is
quite a bit high so you're always gonna have some supply when you have that kind of stuff
uh being really funky man but do you know anything
about that prompt it's the the wayfinder ai token i know they had their airdrop since they uh of
course they did cge i think it was yesterday but they're up like a hundred percent man and
ai tickers are doing quite well today ray is up like 80 plus percent um and one ticker that i can that i've
completely missed out on that's up like 10x off the lows and almost near the highs i think i got
a call i think i just had a call come in uh can you hear me now yeah yeah yeah we also have um
alchemy alch like not that far off from its all-time high.
It's up like 10x off the lows.
So, you know, if I'm seeing Farcoin lead as it did in December of last year,
late November all the way to early January of this year,
then we're probably going to have some new tickers come out that do pretty well.
But I'm just kind of skeptical.
Yeah, yeah, yeah.
I'm just skeptical of
prompts
given that, like...
Oh, he's not able to hear me.
Yeah, I don't think
Chill's able to hear me.
Chill, can you hear Wabi?
I don't think you can hear any of us.
Space is... Space is I don't think you can hear any of us. Spaces is rugged, man.
Yeah, I'll just move on from that shit, man.
I'll move on from that.
But Josh, what's going on, brother?
Yo, buy Bitcoin, guys.
That's my speech.
Donnie cooked too hard, dude.
I'm full.
Full bull, Joshosh let's go josh did you uh did you get scared on the uh correction on the big drop no yeah i mean yeah we've been doing a
lot um which i've been watching guys stuff and everything i loved your uh dxy explanation too
i think it's looking really really good and we're on par. I mean, everything from a macro point is on par with the Fed pivot here.
I mean, we've all been expecting the Fed rate cut.
I mean, shockingly, we're getting more announcements that it's looking a little bit more likely.
It can even happen in May.
I'm still the guy that's like on June rate cuts.
But the CPI data, the PPI data coming out incredibly bullish. The economy's strong. Inflation coming down. Unemployment ticking up a bit.
These are all, you know, it's a perfect storm to finally see, as Wabi said, the end of this Fed rate height over the last four years.
So it's really good to see.
But in terms of the dip, yeah, I mean, I bought quite a few things.
I've been buying heavy under 80K.
Bought Bitcoin, Ondo, Link, and Ethereum primarily.
Those were just the big four.
Got a couple different altcoins, Aerodrome and some stuff just a few days back before
the huge pump, which was huge.
But I've been actually primarily working on a lot of the bills right now.
We were just down in Florida, got that pushed through the House committee.
We got the unanimous decision of the bill that Florida Blockchain Business Association
on worked with Representative Barnaby, the Bitcoin Tragedic Reserve.
So it's a digital asset reserve, actually. So up to 10 percent of Florida's investments here will be
voting on it again in the Senate. But we had zero no's on a bipartisan scale to pursue and push the
bill through at least the House committee, which was a really, really big move for Florida. And
we're really excited to kind of progress with that. So, you know, I think people right now just
remove all the FUD. The Bitcoin supply shock
that's coming, there is less Bitcoin available than ever. Whales are accumulating more than ever.
And this is something I'm doing on a multi-state level now where states are looking to allocate
to their strategic reserves. And we're talking billions of dollars in value from that. That's
on a state level. That's not the federal level. It's not an established digital asset stockpile
that Bohinds and the United States administration want to also push through, which you might see in
2026, 2027. And so, you know, the short term here, it is looking incredibly optimistic for
these markets. And if we see an all-time high, Donnie and Mayor Jim, I'm just going to be stoked
with it. But ultimately, I think people that are just pessimistic on the adoption scale and the
demand levels that are coming to this market are just going to miss out on straight up the well transfer of a generation.
Nothing like this is ever going to happen again.
We are watching and witnessing tokenization take place on all fronts.
And I can just tell you guys, you know, sitting in Florida's capital and being at that hearing on Friday or what, that was Wednesday.
My dates were off,
just drove for like 16 hours, I'm exhausted.
But representatives, what was the most interesting outlook?
One, representatives asked, there's multiple different questions, but they're asking like,
what about XRP?
What about Chainlink?
What about Solana?
Why not these assets and why Bitcoin is a strategic reserve?
And if we're able to educate and make our case on that, it's very easy. But the difference is it's not like they're saying
Bitcoin only, everything else bad. It is, well, here's why we need Bitcoin as a store of value,
why it works as a store of value and a strategic reserve, but why we don't want to leave out all
of these altcoins. It makes no sense to push out a multi-trillion dollar industry outside
the United States. We want to welcome it. We want to encourage it. We want to develop it. We don't want to kill it like the
Biden administration. And what really is awesome on all fronts is that even the representatives
specific, again, a lot more on the Democratic side, are coming together nonpartisan. And even
the people that are sitting there saying, I don't understand this, they'll respond with,
I may not understand this, but I know it is, but I know this is why we're hiring CFOs
for the state. I am going to hire somebody that does understand this. And instead of saying,
because I don't understand it, we're going to shut it down and we're going to regulate it to
shit and control it, we're going to find the right people that do understand it and work with
legislators that do understand it and educate our senators and representatives as we amend and pass these bills.
So it's not it's no longer a matter of if it's a matter of when it's a it's a race to the table for these strategic reserves.
And everybody in the crypto industry, I mean, we'll be representing my focus to represent Web3 entrepreneurs. I'm focusing on, you know, proper tokenization bills and working with local states
and local communities to make sure that we have safe havens for young entrepreneurs that want to
explore Web3 in these sectors. Everything's positive on a nonpartisan scale. So it's all
unanimous at this point. So anybody, it's alarming to me. And it's honestly sad. But it's like when
you see all these people coming out saying sell your 401. Last week, there's alarming to me. And it's honestly sad, but it's like when you see all these people coming out saying
sell your 401k.
Last week, there was people on Twitter, sell your 401k, sell your crypto, go all in on
gold.
And all that is to me is we're just watching the same psychological factors that we saw
at the top of this rally at the last cycle, the cycle before that.
Now, people are selling at the bottom and now rotating into a commodity that is at a
top.
And that, to me, is the scariest outlook that I've been watching with Bill Ackman freaking out,
with Peter Shit coming out and saying, Bitcoin's rat poison, buy gold.
And he's just pumping his bags, which, mind you guys, gold is only up a 2x over 10 fucking years.
Adjusted for inflation, it still isn't at an all-time high.
So great, you want to be store value at breakeven?
That's cool.
I hold a lot of gold. I get it. But to like fear monger and force and encourage people to sell
while their stocks are down 20, 30, 40%, or the Bitcoin is down 20, 30, 40%, or their blue chips
are down 20, 30, 40%. It's crazy to me when the upside to this industry is so massive.
And so, you know, I kind of will sum it up here because I think, Donnie, you hit almost everything on the head in terms of the dollar and CPI and inflation.
I align with almost everything you said there is if you're not somebody that's optimistic on this sector right now, if you're not researching, if you're not digging your heels in, if you are somebody that has limited liquidity, which mind you, fuck the Federal Reserve. I think we should end the Federal Reserve. The fact that they came out today and openly admitted, hey, we're willing to step in
and print some money for liquidity in the stock market. You should realize the level of corruption
and currency devaluation that's taking place in the United States itself. That was something in
my speech I actually told the representatives. I was like, it doesn't matter if we have a
manufacturing boom. It doesn't matter if you're pro-Trump or pro whatever your know, whatever your beliefs are on any partisan scale. No matter what, the value of
the dollar is going to decrease and there's going to become more uncertainty in global trade over
time. And that is why Bitcoin is the ultimate people's currency. It doesn't work for Wall
Street. It works for you. So, you know, that outlook here over the next two to three years,
every single country is adopting it. Hong Kong is opening up. Russia is literally trading it to avoid sanctions.
Like even if the U.S. doesn't like it, it's still going to happen.
But that's not even the conversation anymore.
The conversation now is every single state is looking on pro crypto legislation and policy.
Strategic Bitcoin reserves are coming to place.
The supply shock alone should get people excited and optimistic, at least in the near term,
because of the just limited supply that we're seeing on exchanges. It's like if any one of these valves open up,
you're going to get a pretty big leg up next. Now, the thing I'll say, and I'll end with this is
with that optimism, that doesn't mean go ape your portfolios into this. It doesn't mean,
you know, go refinance your loan and sell, you know, sell your house and go all in on,
you know, some random altcoins and shitcoins in general. Sure,
Fartcoin might turn into a full-on diarrhea coin and it might become more liquid than ever. I don't
know. As we innovate in this sector and we expand, the Federal Reserve is almost at the end of the
ropes with the quantitative tightening. We're expecting that QE to start taking place soon.
And remember, guys, QE doesn't mean immediate money printing. It can simply mean they start reducing interest rates to
battle, of course, the bond markets and everything that's happening with China selling off and
dumping US treasuries. We got a lot of groundwork to do. And so I don't know if that's a month.
I don't know if that's two months. I don't know if it's two years. But what we know,
it's within that window. And most of that window is incredibly optimistic. So I'm excited, guys.
Quick question for you, Josh.
I pretty much align with everything that you and Donnie are saying as well.
And I kind of am in the camp with you with the June rate cuts, but I'm curious as to your reasoning behind it.
I see kind of the Fed taking the, well, you know, it's just one good
print. You know, we want to get officially under the target. I can kind of see him, you know,
really moving slower on this. So, and I think that would justify a June cut, but I wanted to
see what your reasoning on it was. Yeah. So, I mean, I think the only reason and delay here now is
going to be because Jerome Powell doesn't need to do anything at this point with the economy.
The reason why I'm looking at June here, we've always been targeting June, is simply going to
because of the inflation levels coming down and unemployment starting to tick back up. I mean,
from the CPI data, the PPI, like all of their producer index that we've been watching,
those have been coming down. So what I'd be pretty much watching over the next two months here, and what's really alarming here
in the near term, and I see Joe on the ground, he'd be way better to explain this, but is the
bond market. Our 10-year yields are at 4.5%, again, almost 4.6%. And this is something that
the Feds can come in and intervene with to start, you know, just pushing liquidity back into the
markets. I think Fed Wallace, I forgot the Fed official that came out and said this today, but it
was in regards to the bond market.
So it's almost like their hands starting to be forced here.
I don't think that forced though is coming within the next two weeks or the next month.
I'd be shocked if you saw one Fed intervention just step in within the next couple of weeks
or two even in the May cut.
I don't necessarily see that. But if you look at the Fed watch tool, I mean, just on the money that's actually being
embedded on the markets and the interest rates alone, it's like an 80% chance now that we're
going to see that cut in June. And again, it only has to be, it's not like, I think people get too
excited when people like myself say the Feds are going to cut. It's not like they have to come in
and cut 75 basis points. It's like they could just cut by 25 basis points and then another 25 basis points. We might get 75 to 100
basis point rate cuts by the end of the year. But what the slowdown that we're seeing in inflation
that's dramatically better than what Wall Street's been trying or media's been trying to make it out
to be, we're beating expectations month over month for multiple months in a row. The only month I'm
going to be worried about is and actually tech
I don't even know what the impact of the tariffs are gonna be because of all the pauses and negotiations and now it's up to 90 days
So I think you have a 10% there's still a 10% across the board and maybe a 25% on auto manufacturing
We need to see that roll in but tariffs aren't inflationary. They're a one-time tax
So like that price would increase and it's not like your month-over-month inflation still after that is going to be 2.4%, right?
So – or year-over-year.
So if you're – that's kind of the approach I'm watching right now.
But every single sign, there's not a sign that says – there's – oh my god, I'm breaking here.
There's not a reason that I see for them not to cut by 25 basis points in June and announce the end.
They have pretty much abolished all of the inflation and they've done their job.
Appreciate it.
It is speculation, but right now it's an 80% chance just based off the Fed watch, which you can go check out on their website.
Yeah, no, for sure. Appreciate it, man. Thanks.
I also kind of responded out a little bit too more just for people like what makes even more
excited for it or not excited, I guess, but confident in it is look at Goldman Sachs last
week, right? Last week, they issued a statement, hey, we're probably entering a recession.
And then this week, they're like, hey, we're rescinding that statement, which, you know, it's funny that Congress wants to
investigate Donald Trump for putting out a tweet for inside trading when it's like you're watching
literally large institutional managers fearmonger all of their retail investors and panic sell.
So, you know, the fact that they are now looking at the tariffs differently,
the fact that New York came out and was a little bit more positive. I also just don't think it's going to impact the markets nearly as much as the market might
or the media might perceive it to be. So it's, yeah, I guess we'll see. But June's looking pretty
good. If we get another month of CPI reports that are positive, TPI reports that are positive,
and if unemployment ticks up even a little bit more, it's going to make for them,
just make complete sense for them to uh start cutting a little bit
just make complete sense for them to start cutting a little bit.
chads what's going on brother how are you feeling about the markets man
isn't it crazy how like so many people were getting bearish when soul went down 50 percent
in less than a month and it hit 90 bucks it kind of reminds me when ETH hit two digits in December of 2018 and that was when
like if you remember Cheds that was when there was a bunch of turmoil out in TradFi as well
with uh with that previous trade war and that ended up marking uh quite a strong bottom but
I want to welcome you up Cheds and would love to get to know uh how you're viewing
sentiment and also um how majors are looking right we've got soul uh about 35 off the low
i'll even say something positive about ethereum which i barely ever do it bounced nicely off of its january 2018 high which was actually my first target
um for eth to bottom out at that 1300 and change level 1400
eth is up about like 15 20 off of its low how are you feeling chad thanks for uh
thanks for coming through man oh and andz, I want to recommend you a protein, brother. If you take any
supplements, it's a beef protein
from muscle.
I only take Ivermectin.
That's the only thing I put in my body, okay?
I have no idea what that is.
It's that horse dewormer everyone was talking
about during COVID. I'm just playing.
it's cookies and cream. I take CBD. I take CBD every day. I love it. It's anti-inflammatory. It's cookies and cream. I take CBD.
I take CBD every day.
I love it.
It's anti-inflammatory.
It's anti-tumor, anti-anxiety.
It's relaxing.
It helps with the THC absorption.
I like to use the Whole Foods CBD cream.
That works pretty nicely.
There you go.
I forgot the brand, though.
But what are your thoughts with everything, Chud? Yeah, life yeah life is good i mean those are my thoughts but uh what's
up bobby what's up room yeah i'm so okay send me going a million directions you're like what's up
cheds and you gave me like 15 like subjects to discuss but um i think what's really interesting
is the story of how it was bitcoin was holding up well and then not holding up well and like the
whole question of like decoupling and everything right and um so i've i'm recently back being
bullish i've been waiting for 72k bitcoin and then i saw something you know in the four hour i did
youtube today i talked about and i saw kind of a momentum pivot and i think a front run of that 70
72k level i think we're pushing towards 88.5 here i still
don't like ethereum bounces weak certainly relative to bitcoin solana you could 125 long
a flip rather could be a long i'm still skeptical but it's got a little bit of momentum
um you know project save weekly ma50 for bitcoin that's for me like very important if you look at
what happened in 2021 wabi with the rolling over of the trend, it really, um, started to get solidified by losing the 50.
So watching that and, um, being fully bearish in Bitcoin and hoping it would find footing.
And then we kind of found footing with this crazy flip-flopping of policies and equities,
kind of a, a crazy historic week with equities. I'm a lot of fundamental traders, so I wouldn't talk about that stuff.
But it felt like there was some opportunity being priced in.
I was looking at the SPX weekly.
I made 200.
We're getting pretty close to that, looking at these huge down days.
And I started deploying on like Tuesday, I believe.
Monday or Tuesday.
No, Monday.
I started putting some money into equities on Monday
and started looking for some bottoms
because it was just such a vicious,
it was almost like a cleaving.
And you know, we're talking about secular uptrends
and near the MA200, either it bounces there
or the system falls apart.
And you're seeing how no matter what,
the money machine will keep going, seeing how no matter what, um,
the money machine will keep going,
right?
Bonds are breaking apart,
doing some crazy shit.
So they'll change something.
There's all these circuit breakers and catch safes,
things that I don't understand that I don't factor in.
But from a momentum standpoint,
felt like a major turning point on Monday.
And then,
yo, I gotta go. My my wife my wife's calling me i'll i'll circle back all
right yo yeah no problem man take care of the family first family first man thanks for coming
up no i'm just kidding i'm just kidding i love my wife yo man um yeah i remember, and Joe's down here in the audience,
but Joe was hosting a space, I think, when Futures opened up on Sunday,
and we had Futures on ES hit 4,800.
And I'm like, dude, that's the fucking bottom.
That has to be the low.
Equities are going to find their footing this week. And I mean, we were like 150 points away from hitting the 200 weekly moving average on the S&P, which I think that's where we actually bottomed out in October of 22.
And the last time that we broke the 200 week moving average was in 2008.
And I understand the skepticism.
And I said this earlier on the space.
I understand the skepticism of this rally that we're having on equities, right, specifically
the one that we had on Wednesday, where ES was up like 10%. And you had some people here say,
like, oh, we saw bounces like this in Q4 of 08, right, right before the major downtrend really, really started, which was from October
of 08 all the way to March of 09.
The difference between that is I believe you actually had the 200 weekly moving average
already broken by that point.
Whether it's here, we're bouncing near, we bounced near the 200 weekly moving average.
we're bouncing near we bounced near the 200 weekly moving average and yeah I think this is like
probably the most fascinating decade that markets have ever seen honestly we're always on the brink
of collapse we're always on the brink of collapse and the people rooting for that ironically are like people in crypto sometimes
and they don't understand that if like the s p has a three handle you bet your ass bitcoin will
probably have a four handle or a five handle next to it we're not like immune from uh what happens
in trad fly at least not yet right but um i don't really have much else to say
uh joe if you want to come on up brother i'll send you uh i'll send you an invite to speak man
but if anyone here on the panel feels like um saying anything else uh feel free to do so
otherwise i think this is a nice place um to up. Ragsy, is there anything that you want to bring up to the panel or something that you want to bring up?
I'm bullish. No, I concur. I concur with the statements made.
I came a little late. I'm very bullish.
I think I missed the first part of Donnie speaking.
I think they're going to announce the rate cut in that May meeting. That's what I think. And then
would obviously probably be bullish for the market May, June.
So that's what I'm thinking. But again,
we got to play it by year. And then if they
the only thing I'm worried about is if he put a 90 day
pause on the tariffs,
so that would bring us to July.
So if that were to resume for some reason in July,
then we would see another bloody July.
So I'm just kind of playing it by ear, but we're all bullish.
I don't think the bull runs over by any means.
But the weird thing, I was looking at some of these alt charts in the e chart
the funny thing is if you think we're in a bear market it's the best time to buy and if you think
the bull's still on it's the best time to buy because the alts are still like down so heavily
that in my mind the downside risk is so minimal for certain assets compared to the upside,
that even if you think we're in a bear market, it's still not a bad time to buy. So I cash on
side is waiting for the first two weeks of April here because I predicted they were going to be
pretty bearish. So I've been DCing into some alts and some of my top meme plays.
So in addition to D Jenny in the trenches every day, which I love.
So, yeah.
But I think the bull run is still on.
But, like, I just thought it sounded funny when I was looking at these charts.
Even if you think we're in a full-blown bear, about to go on a bear,
just, like, the downside on certain assets is so minimal in my opinion
like what are you risking 20 30 percent as opposed to like a 500 percent gain on some of these it's
just in my mind i've just been dcaing the last two weeks because i think it's a good buying
opportunity i don't know if we hit the the bottom. Maybe right before, there's a chance right before that meeting in May,
could see another little bottoming out.
But I think after that, I think we're going up.
So, but yeah, great spaces.
And I'll just add on something real quick.
I think she hit the nail on the head. If you look at the others market cap, others total market cap, excluding top 10, we're bouncing off of monthly support.
This is probably our biggest weekly green candle in pretty much a long time, probably since January.
in a pretty much in a long time, probably since January. So we're bouncing pretty heavily off
support. Still, a lot of prices are a lot lower. Things like Fartcoin will kind of jump ahead.
But there are a lot of things still in deep value territory. So I do agree with her when she said,
there's still some really good prices out there. So I would believe through the weekend, perhaps the trenches will be high volume.
But I think overall, some mid-cap, high-cap alts will probably still have some good value entries.
So yeah, a ton of opportunity out there.
Appreciate the spaces, and we'll see you guys next time.
Hey, guys.
Spaces kicked me out.
I'm not sure what happened, but yeah, I'm back.
I think I guess I had to update X or something like that.
I see Chez in the audience.
Chez, if you want to come back up if everything's fixed on your end
yo can you uh can you read out what i put in the nest oh we're gonna win so much you may even get
tired of winning yeah that's that's actually facts man that's actually facts and you know i'll uh
i'll just mention this one thing man like i I remember getting bearish ETH at like $3,700,
getting bearish SOUL at just over $200,
bearish hype at like $25,
and I was really pounding the hammer for the bear case.
And the same people that gave me shit for being bearish at those levels
are now giving me shit for being bullish near the lows that we hit, which is fascinating, to be honest.
It's really, really fascinating.
And to be honest, bro, like if Seoul closes the week at like pretty much right around these levels levels i think we can set up for a rally
to test those march highs i think we can set up for a rally to test uh the march highs across the
board honestly and at the very least from here until july create an environment similar to what
we saw last year from march until august or march until october to be frank but just like an expedited
version of that a lot more volatility right um and of course if the fed does end up cutting we
could expect a major major move to the upside similar to what we saw in september of last year
with that first cut but chad what's going on brother welcome back what up g yeah man i i i liked i like the market could be kind of bottoming but
i feel like we got more chop coming which is you know which is okay but um i'm like i'm glad we're
not going down but i'm not like i don't think we're like pushing all-time highs right now or
anything either um so a little bit so you said march high is what like 185 is that you're thinking
um so a little bit so you said march high is what like 185 is that you're thinking
180 yeah for seoul that would be like 180 ish and then for east that would be like
i just don't really know about east he sucks though he sucks yeah there's gonna there needs
some fundamental work to be done there but i think like a rally to like 1800 or something like that 1800 1900 yeah something like
that yeah which would which would be like the level that we hit after we broke down from 2300
um but for e specifically something like that and have you looked at hype by any chance chad i don't
i honestly have i just i for me there's not there's no chart there's
not enough history i know people like you know this and that like someone asked me like how low
could it go i'm like there's no floor because there's no history like daily chart i mean it
barely has 122 candles or whatever like there's for me there's just no trend you know you just
don't have a chart here it's a pure on on chain hype, momentum, community, whatever you want to call it.
There's nothing I can do.
Doesn't matter how many textbooks I've read.
I just don't think I can do anything with this kind of lack of history.
You know, I just how I roll and I get it.
Other people four hour this and that i just you know
there's no real edge for ta on this play the way i look at it yeah i understand i remember um
we were talking about that with uh celestia when it started trading in 2023
and mog too you talked about mog or whatever i remember like whatever a couple years ago and i'm
like what is this i'm like there's no history what am i talking about mog what does that even mean
you know yeah yeah don't you have fatigue for for all these tickers all these plays all these
there's so many different things dog with cats fish with cigarette, monkey with fish.
That was the only one.
Bro, I'm saying, like, and so, like, what is,
and then, like, these new ones come out.
What's the appeal to just be, like, hopefully catch somebody else,
like, buying the top so you can profit?
I just don't.
I'm just getting cynical on that stuff, man.
Let me break it down for you, Cheds.
So anything can pop off at any time.
So you see a ton of these games on chain where a lot of people, you know, maybe they luckily catch like 1,000x, right?
Maybe they only put in like one or two soul.
And then they advertise it.
It's like, oh, my God, I made it.
And so it's only been 24 or 48 hours.
They change their life.
And so everyone's attracted to that story.
And the way, the only place to get that is on chain.
So they go to pump fund.
They go to, you know, the trenches, if you will.
And that's where they just chuck their money at literally anything.
At literally anything.
So whatever they have to do to keep up with the market, to get a chance, even a chance at that thousand X, they
will. So that's why, you know, they have, uh, you know, pump fun is volume is just, I mean,
you know, it's just not never going to be at zero. There's always going to be, be a meme coin or
something going on. They're printing, right? Pump fun. Aren't they printing man? Oh, absolutely.
Oh my gosh. They're, they're making ridiculous money and they're not even sharing it with the community. That's a, that's a whole different story. Um, but I do feel that,
you know, pump fun has achieved its, uh, its, uh, product market fit. And you know, it's just,
it's, it's, it's here to stay, unfortunately. Well, it's serving a need, right? Clearly. And
I have, you know, I'm, I'm a free market guy. I mean, like if there's a demand,
someone should meet the supply. That's fine. I'm just, um, it's so it could, and we've seen this, right?
With, with racist meta, with hamster racing, animal racing.
We've seen it with all sorts of different, you know, but this is just people sticking
together like, oh, well this coin, this coin went 10 X, this other coin went 50 X.
So this is a narrative now let's create a market cap game
right like if this one can do 10 million or two billion yeah it's all just games man it's all just
games being played just for so just so people can print there are more losers than winners that's
for sure i will say though if you understand the game, you understand that, that this is just like all vaporware.
It's all just memes that will eventually go to zero.
Maybe some will go really high.
If you understand that game, you can come up with a framework that helps you profit.
Because not every sub-50K market cap shitter is going to go to above 10 mil.
So let's say you kind of have a cutoff where, okay, anything below X market cap, I'm not
looking at.
I'm looking to find these types of coins.
You have your filters, types of coins, narratives.
Personally, I like utility tokens.
So that's what I'm going for.
But when you put your parameters around it, you understand what the market is doing.
You can come up with a strategy that works for you, that helps you to make consistent gains as
long as the market has volume and as long as the macro and everything is looking good for crypto.
But I mean, degen volume is not going away. That's what makes on-chain trading
one of the most attractive high ROI places to be. It's just about the framework. You have to
have the right framework. And if you do, man, the possibilities are endless. But you won't just make
it overnight though. Rags got a hand. I'm curious. And that's great, great comments,
chill. I appreciate that. Rags do you what do you got to say man
man or ma'am ma'am ma'am no no we we cool we cool i'm a killer out here i'm okay stone cold
trenches traitor killer well that's just it right it's you got to understand the game it is pvp it is very different and the game is not
gonna end and i tell you right now the people are in the trenches now they know the game they know
the risk they know it's risky they don't look at it as like investing i don't i've never called it
investing it is gambling but it's it's lucrative like it's better odds. It's better odds than going to a casino.
I hit a 58x this morning in one day.
Where can I go else in crypto and hit 58x in 24 hours?
I can't.
It's the trenches.
Just buy Ethereum.
I hear it goes up really fast.
I'm very, very, very bullish on Ethereum.
I have my own theories on ETH.
I think it's been underperforming because of market manipulation
and I'm still I'm taking a big risk on Ethereum but I'm still so so so bullish on ETH and the
fact that most people have lost hope makes me even more bullish on it so I'm in I'm definitely
an ETH bull for sure but while I'm chilling you know I needed something to do so I started trading
in the trenches and I didn't realize how profitable it was if you could find the right uh you know, I needed something to do. So I started trading in the trenches and I didn't realize how profitable it was if you could find the right, uh, you know, things early. But I think like the
day to day trading, it is just that it's like a day traders market, right? It's like penny stuff.
You're not really supposed to hold the stuff for prolonged periods of time. It's PVP. There will
be some senders look at far coin that came off on fun
it's almost at a billion market cap and the market's down so it's like everyone wants to
find that one big one but the people are trading now it's like the market's down right now like
the newbie retail isn't here so like everybody who's trench trading knows the risk like we know
it's pvp and it's just fun it is whoever said it is a game it's like a
game it's yeah i'm gonna take you out it's like playing call of duty or something and it's really
fun and it's uh the money comes in i hit a 58x this morning and it's gonna go right back to
another 58 tokens or whatever you know it's just uh but I really enjoy it. And I personally have found it very profitable.
And I think, you know, I love the trenches.
I love Pump Fun.
I don't think it's going anywhere because people who do like to gamble,
like I said, it's better odds hitting something on Pump.Fun
than going to the casino and pulling a handle on the slot.
It's way, way better odds because there's strategy to it.
And less secondhand smoke too right
that's that's the other thing too chet i don't know if anyone realizes but there's like there's
like trading terminals and stuff for this stuff so it's not like you're like you know uh putting
all these tickers together in your head and like have to like you know there's just terminals like
watch lists and and and limit orders and stop losses and all this stuff that you can kind
of do to, to keep it all in one place. Um, but this all helps with the mental framework, man.
And if you can really get ahead of the crowd, like, uh, like Rags was saying, it sounds like
we kind of trade the same in the same places, probably trade the same things these last couple
of days. But, um, yeah, man, there's a's a ton of stuff man ton of stuff that you can do in the trenches that can make it so that you're
not just like oh my gosh like 16 hours a day like i need to you know be attached to the to this chart
or whatever yeah and i i want to make clear like i'm not here to encourage people to do it because
it is high risk but that's like for me for me personally, this is what I like.
It's a nice balance, right?
I'm very bullish on ETH.
I love all coins.
I love Bitcoin.
I have a ton of it.
But I'm not leveraged trading that stuff.
I just like to hold the assets.
So for me, the trench trading is very, very fun for me.
I'm somebody who really likes high risk stuff.
I play poker professionally.
You do? Yeah. somebody who really likes high risk stuff, I play poker professionally and it's just, you do.
Yeah.
And you know,
I'm writing a book on poker and trading.
stop.
Yeah.
I'm going to be interviewing Tom Dwan.
He's a buddy of mine and a couple other people.
I'd love to,
I'd love to read it.
Yeah.
I like,
well,
yeah.
So I like,
I like the trenches because it is so much like poker to me because there is
strategy.
So it's different than slots.
I think slots just easy for people to understand, but it's different than pulling a handle on
slot.
Cause in poker, you can still win with really bad cards.
And I feel like it's the same as, as the trenches, like there it's gambling, but there
is strategy to it.
And I think if you have a good trenches strategy, you can make a lot of money.
Like I said, you're going to have to fold.
People don't understand.
They retail people, new retail people, they're comparing trenches to altcoins.
You can't really do that.
It's more like a poker game.
There's hands you're going to have to fold.
There's things you're going to buy, and they're going to go to zero.
You've got to fold there's things you're going to buy and they're going to go to zero you got to fold the hand you know sometimes i'm a blind and big blind and i
have to fold the hand because i don't have cards to play with and i lose that money right
that happened but you play for the big hand that you win for the time you do have the straight
flush and the path is huge and you cash that's the same way i view the trenches are you tight
aggressive with with the trading are
you more like you know loose cannon i mean if you want to use analogies from poker like
does is your does your style translate in poker yeah i actually think if you play poker they have
a huge if you start studying trenches stuff like the pump fun stuff like you have a huge advantage because you know you know how to bet so i like or even you could say blackjack if you play blackjack
knowing how to bet is actually the number one key strategy to making money in the trenches people
think it's finding the ticker early but it's not necessarily finding it early it's how you how you place your bets i know
when to place a 20 bet or a five solana bet or a 10 solana bet if you know how to bet
like i'm telling you if you play professional poker or even if you play poker blackjack and
you know how to bet like you will have really i think you do a lot better because sometimes you can find shit late.
And if you know how to bet that, you can still make money.
There was like a, I remember like the example, there's an AI token.
It already blew up.
It was like a 30 mil and I missed it.
And I was pissed because I like to get things sub one mil.
But I saw the chart.
I'm like, this is going to 3x.
So I shoved a ton of slime i'm like this is gonna 3x so i shoved a
ton of slot in there sure enough at 3x once at 3x i cashed out and then sure enough it came
crashing back down so it's like if you kind of know some trading strategy and know how to bet
i do think it's profitable but it is different than alt points you know that's the whole thing
it is very very different than alts and you know and i love it i love it i love poker and i love trading so i i appreciate hearing your perspectives
thank you i'm gonna go ahead and wrap up here because twitter is broken for me who who's
writing the book poker book no twitter Twitter's messed up right now.
I'm going to go ahead and wrap up,
guys. I want to thank you guys for coming through, Ragsy,
Cheds, Chill, Donnie.
That's my book. I'm writing the poker book.
It was Cheds. Cheds, Ragsy.
Yeah. Okay, I gave you the
follow. I couldn't see you speaking.
But, anyways,
guys, it's been an incredible stream stream we've been streaming over the last uh
hour and a half so guys if you guys enjoyed the space and enjoy the content
we're because bitcoin we're an online financial media company and we produce multiple live streams
for you guys uh first stream is our morning show called market check if you guys are into all things
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So if you guys are interested in following a one-stop shop profile for all your market needs,
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everybody up here on the panel.
And we'll be back on Monday with Market Check bright and early.
And, of course, later on that day with Market Talk.
So I want to thank you all so much for participating,
you guys on the panel and you guys in the audience.
Shout out to you guys, whether you're a longtime listener that's been tuning into these shows over the last two years or whether you're a new listener here on these shows over the last days, weeks and months.
Thank you all so much. I definitely don't take any of this for granted.
So once again, if you guys are new here, feel free to follow us and feel free to tell a friend
to tell a friend about us here at BB.
Spaces are recorded as always.
So I'm going to go ahead.
And check out Ched's new book, The Trading Journal,
available on Amazon.
Tell him, Ched, man.
I can vouch for you, man.
I can vouch for you.
But yeah, feel free to follow Chaz as well.
Check out his book.
And feel free to follow everyone up here on this panel.
And we'll see you all next week.
Take care, everyone.
Peace out, guys.
Yeah, I'm going to go ahead and train.
I'm going to train upper body.
And it's going to be fantastic.
It's going to be absolutely fantastic.
Hope you guys enjoy the weekend.
And we'll see you all bright and early next week for Market Check.
So, Ragsy, what song should I play for the outro?
Like, what kind of stuff?
60s, 70s, 80s, or 90s?
What kind of stuff should I play? I'm a nerd. I like 80s, 70s, 80s, or 90s? What kind of stuff should I play?
I'm a nerd. I like 80s.
80s.
80s? Okay.
All right. I'm going to play something from the 80s right now.
Classic rock 70s. Some Grateful Dead type shit.
Hold on.
I know you know this song. full dead type shit. Hold on. You're going to,
I know you know this song.
If you're an 80s junkie like I am,
you are going to absolutely love this.
All right, here we go. I get up and nothing gets me down. Oh Oh, yeah. I can't see the voice that you see. Can't you see what I mean?
Oh wow, I will jump.
I will jump.
I will jump.
Jump. Who said that!
You said that!
You said that!
You won't know until you're here
Can't you see me standing here
I'm gonna fight against the limit
I'm shaking me limit to shaking me.
I don't know what's that you see.
Can you see what?
I don't know what I'm saying.
I don't know what I'm saying.
I don't know what I'm saying.
I don't know what I'm saying.
I don't know what I'm saying. I don't know what I'm saying. so
oh I'm sorry. so I'll see you next time. Yeah! Yeah! Yeah! Yeah! Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah!
Yeah! Yeah! Yeah! I'm not going to be a good one. Okay. I'll do it. I'll tell you what you got to do in some bad life.
I'll say, Mr. Lester, give me your pleasure.
Let me take your order.
Drunk it down.
You ain't never had a friend like me.
I'm here to your restaurant.
I'm gonna whisper what it is.
You ain't never had a red light in me
Yes sir he's mad and send some service
Yo boy the king of shop
Say what you wish me it's your true dish
A little more boggler wrong
That's some of the county man try all of the county's bidding
I'm a little bit too
You ain't never had a red light in me I'm to
you I got a team for a time to pay. I want to help you out.
You wish I really want to go.
I missed it.
Three miles, no doubt.
Well, you got to do it right now.
Oh, Mr. Lackett, so happy.
So feel free.
I want to go.
You think neighbor?
I never had a friend.
Never had a friend.
You ain't never had a friend.
Never had a friend.
You think you're a little. had a friend, you ain't never had a friend, you ain't never had a friend, you can't never have a friend like me.
You ain't never had a friend like me.
