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NO CAP GAMING | EP10: Profit Taking VS Profit Making
Recorded: May 29, 2025 Duration: 1:01:19Space Recording
Short Summary
In a dynamic discussion, crypto enthusiasts explored the launch of the GDAO token, its strategic partnerships, and the implications for growth and fundraising in the blockchain space, emphasizing the trend of merging traditional finance with innovative crypto solutions.
Full Transcription
Gunned up brain dead, I can't decide. You can't bring enough, you can't hide. you can be good or you can cry. Do it wrong, not at all, but do it right.
No one owes you, no one's to blame. Sit for bad genes or DNA. Ask your conscience the why and how. Do it then, do it when, but do it now. What's
up, sweet K? Who's in hell? Who's in hell? Anyway. Girls, I, easy.
What you gonna do, little buckaroo?
Yeah, all you gotta do, happy, is asking not to.
Just gonna throw a little mic check in here.
How's that coming across?
Coming across good? Beautiful.
No, we all can be super fly. GQ, PhD, FBI. You can pretend them. You can try. Move ahead.
Lay down dead or sleep on by.
When the shoot seems so far away, he loves you and achieves the same.
You need answers for your dismay. Ask yourself, ask your mom, ask VMA.
What's up?
I'm speaking.
Who's there?
Who's there?
Anyway, anyway.
Let's go.
I'll eat.
What you gonna do, little bucking? Girl, girl, girl, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, I eat, ask your mom just ask your mom hey hey hey how's everything going everyone um and welcome to another amazing no cap gaming space um we've got some some crazy profit taking versus crop profit
making so if you want to know all about how to make money in games or how to make money in general
i just say money a lot and uh we have a stack panel some of which haven't turned up yet um and also some of the listeners
haven't turned up yet i don't know what's up with x today maybe it's where you know it's just me
i i'm standing i'm standing here by my window like like the wicked witch of the west of the
east where isn't going fly my pretties fly where they're going, Fly, my pretties, fly.
And they're going to get them all.
That's good.
Yeah, good.
Get them in, get them in.
How is everyone today?
Awesome.
Awesome.
I have to say, this is like my fourth space today. I had two very good spaces earlier with Earnscape and Triumph.
Triumph one was really good.
And one with Ernst, which was an interesting one.
The topic wasn't necessarily up my street,
but it was a good discussion.
Busy man.
Yeah, you've been spacing it out today.
It's been good.
It's been good.
Good, good, good.
How about you?
How are you doing, doing matt all the way in
greece yeah so i'm greece in greece at the moment as um our warps chief commercial officer who also
has a background in making angry birds and all sorts of 2d levels in unity i am here in the
noderox house um in deep secretly in greece enjoying the weather and um all of my fellow toshies that are
sending rocks as we speak and like the level of autism and adhd right now is so high you can cut
it with a knife my friend and that's that's how you know you're on a good project exactly
i love it i love it you're a man of the world
I hope you're getting plenty of good
gyros in here
there was this huge
burger called Big Nick
it was bigger than I thought
it was like what I used to imagine
American sizes were like
until I went to America in the last year or so
it was crazy.
It was like this big chicken sandwich.
I'm good, man.
Yeah, they're keeping me well.
You're going to come back six pounds later, my friend.
Yeah, for real.
I think it's probably the heat.
Oh, God, let's not go there.
Italy as well, the temperature has shot up the last couple of
days i can't wear my hoodies anymore i have to wear a t-shirt i don't like that it's got like
to 25 degrees and that's when the hoodies come off in italy because i know everyone wears leather
jackets and like right until the middle of summer and you're like oh you're not dying in those guys
it's like the classic is the leather jacket
with the hoodie inside it.
And that's just everyone wears in winter.
I also lived in Africa for some time,
so I can handle the heat.
Oh, that's cool.
People see me wearing a hoodie,
even when it's like 30 degrees.
They're like, how do you manage that?
Try 40 for like a lifetime, you'll see.
That's awesome. That's awesome.'s awesome so yeah let's let's do
the round we got a stack panel yeah we have a stack panel van ho how's it going what do you know
it's going i'm you know post summit just uh jet lag is still so it's still so and then i think i'm actually getting sick with
what some of the gamer people had there like sore throat cough body aches so
gucci's yep we got the gaming cuties
you get you get that like the geeks they come out they're they're like reading in their own little
geek areas and then they meet each other and just bring all of their snotty good voices.
I'm like, well, I've just been to a lot of events this year.
Like, I was going to tell you.
But yeah, no, doing really good.
Now just working a lot.
Got a lot of stuff to edit and do just because it is like,
now I've just got so much content to work on from from that event so
yeah but super happy to be here today thank you for having me
thank you thank you so much for coming i see we have a king snooch in the house newt you up for us
snooch i'm here i'm here he just called me as i was trying to send a dm and then i was trying to
i'm here i'm here he just called me as i was trying to send a dm and then i was trying to
open up the right busted you should have said i was sharing the space that's what you should have
said no i i honestly i was trying one of my friends i was just reaching out to him and he
just sent me a picture totally threw me off guard apparently him and his wife just had a baby like
just just had a baby he's like sorry i get back to you right away i was a little busy it sends me a picture of like a brand new newborn like oh that's cool congratulations a
are you saying like she didn't go through a whole nine months gestation period she just had a no dude
it was like wham bam here it is man that's how it works right you know it reminds me of that Monty Python movie Where they were in that room
And it just popped out
Oh man
There was a song that went with that as well
It was like
Every sperm is sacred
Every sperm is grave
Every sperm is wasted
God shall be irate
I thought you were about to say Everyone has AIDS wasted. God shall be irate.
I thought you were about to say everyone has AIDS.
How do you say
you're old without saying you're
old? You sing
it. That's how you do it. You sing it.
You say, has anybody seen the Tylenol?
Under
eye cream?
Yeah, it is like that.
Who else have we got in the house we got a we got a pipe
down we got a pipe down in there the pipe g down so yeah we are the pipe g down and it's marty aka
marty ramaguzi.wallet i'm the founder the boss the don the don, the jefe, the commander,
and captain of the Pipe GDAO.
And we're an impact finance ecosystem focused on bringing RWA impact startups,
getting them funded, and making those pipe dreams a reality.
That's fantastic. That was pretty sweet.
I've seen we also missed the console. I'm trying to invite him up.
Let's go with Openloot and then Soulbound for the intros.
Hi, guys. This is Ryan.
Openloot is a Web3 gaming platform.
We aim to be the steam of crypto gaming.
We have seven fantastic games in our ecosystem right now.
So for those that don't know, definitely stay tuned.
We have a lot of fantastic updates.
And that is fantastic.
And we're always happy to have you here, Openloot.
Like sometimes dropping the slightly dark takes out of DJ and left field.
But yeah,
is Mr.
Console up yet?
Not yet.
Console.
Let's go to the next one.
Okay,
let's go.
So loud.
Hello.
Not this guy again.
Not this guy again.
Get out of here, man.
I've been on Spaces all day with me, bro.
You must be tired of me.
You guys are chasing each other.
Yeah, bro, we're playing tag out here.
Spaces bromance.
Yep, that's what it is.
Yeah, this is Marcello, as you guys can tell.
Working here with Soulbound as head of spaces
we've got a lot of cool stuff for streamify gamblefy agent fi all kinds of fives and we're
doing some cool stuff we've got our tge coming up very soon ido is available right now on alpha
mind but uh happy to chill here with a bunch of cool people thanks for having us i'm glad you've
got degen fi you've got thick fives you've got DegenFi, you've got ThickFi's,
you've got all of this kind of stuff.
It's a fun one.
So tonight we are talking about taking profit.
Taking profit, what defines profit in Web3?
Do you say that you've made a profit when you actually cash out?
Or do you just sit there watching your tokens go up and down and say,
this is my profit? To you, to everyone, what do you just like sit there watching your tokens go up and down and say this is my profit like to you to everyone like what do you think is um what do you think is profit
anyone exits or when you when you're actually you know get there is it purely financial
let's go to pipe he's got his hand raised yeah thanks uh so uh I kind of take this out of two minds, right?
Taking profits is realizing the gains, but how you do it is – that's kind of debatable, right?
So, for example, a lot of people think that taking profit is putting your money in stablecoin,
USDC and T and so on.
But actually, it's not the US dollar value that matters.
It's actually the Satoshi value.
It's the value in sats.
That's the real value of your coin because it's the sat value
which determines the dollar value.
A lot of people don't understand that about crypto.
So it's actually the Bitcoin chart you need to be watching.
So when you make your...
Oh, yeah.
Yeah.
So when you...
So altcoin, you know, when your token starts to outperform Bitcoin,
particularly in altseason,
Bitcoin and ETH, right,
it's either, so particularly ETH,
because, you know,
L season is kind of ETH-based.
You take your profit.
It should have been.
It's not at the moment.
Well, I mean,
it's not technically started right now yet,
but it has been historically anyway, right?
So you would – for me personally, I would sell for ETH
and not financial investment advice to your own research.
Crypto investments often lose money, don't sue me.
What's it called?
Best one so far.
Yeah, so I would be watching the ETH charts
and then sell for ETH.
And then once ETH does its all-time high,
sell that for Bitcoin.
And then at the very end,
that's when you put in stablecoin, right?
Okay, so you want to ride every stage of the cycle
all the way through to just annihilation.
I can't look at ETH charts.
They just make me cry, dude.
So telling me to stare at a bioeth and look at the charts is just like...
I've been tricked, man.
I've been tricked too many times, man.
No, no, no.
I mean, during alt-season,
but generally it's a Bitcoin chart that you should be watching, right?
I 100% agree on that.
Once you know what the Bitcoin value is and you say, fuck it, I'll just consolidate in Bitcoin, right?
Do that straight away.
Buy Bitcoin straight away.
That's not financial advice, but it's the best one.
Leading financial advice over the last 10 years or so.
Yeah, yeah, yeah.
Statistically.
Just saying. Yeah, exactly. So you sell for Bitcoin
and then at the end of the market,
you know, when global liquidity
is being pulled back
and the crypto market catches up with that
because there is a lag,
I think it's a two or three month lag,
you then consolidate in stable coins.
So taking profits and consolidating
are two different things
that people often get those things confused.
And then also, just to finish off, a lot of funds, institutions, they take profit by immediately putting everything they've gained into another coin straight away.
Waiting for that to pump and then putting it into another one, to another one.
Rolling those profits until the bull is over,
and then they put in stable coins, right?
So taking the profit is, yeah, it's not quite that simple.
That is true, that is true.
And I think after that incredibly good educational lecture
on how Bitcoin is the superior asset,
and you should value your things in Bitcoin, not against the dollar,
which is just printed into oblivion.
Print is going to go bluer.
Intruder is going to go down.
It's going to be free money season, but when does it end up?
Bitcoin.
That's where it should ultimately end up.
Great take, Pipedown.
You are making my pipe dreams of like super Bitcoin come true, which is always good.
dreams of like super Bitcoin come true, which is always good.
But I think let's go around on maybe a lighter question about which Web3 game
project or which Web3 project do you wish you'd never sold?
Like which one did you go into and you got out too early?
Oh, that's a good one.
Anyone got any stories of something they got into and then got out too early?
Oh, let me go to Shao since he hasn't spoken yet.
Oh, man.
I think, actually, I don't have a problem of selling too early.
Although I definitely have sold a few NFTs that way.
And maybe Ethereum before I hit 4K and I think I sold around 3K.
But I'm actually the opposite.
I'm a perfect use case of uh profit losing uh in terms of nft
into and i think it's a good conversation to have because in the end i actually have started taking
i ever made i moved into stablecoin or i moved
or I moved into
ultimately
as stated
it's the
it's the proper
currency to
put your
put your investments
into
it just reminds me
of that map
it just reminds me
of that sort of meme
with the hat
with the bowler hat
and it's like
Winnie the Pooh
like take your stables
take your profits
into another coin
and then it's the next
level up
and then it's eventually take your profits into Bitcoin coin and then it's the next level up and then it's eventually
take your profits into bitcoin because nothing else matters with the pipe so yeah that's exactly
what it reminds me of and um i like that you rugs there when you said taking profits as other people
would assume your diamond hands have cracked um but yeah congratulations and commiserations for
holding your nfts all the way around the cycle. Has anyone else got anything that they would like to wish they'd have held on to, Vanho?
Any projects, anything you wish you'd have held on to?
Yeah, I actually, I found PopCap right before it popped off.
And had I not sold, I'd be like, I'd be on an island that I own right now, you know.
But let's not think about what could have been.
Tell me that once.
You did it again.
You can do it again.
I want to know what market cap you sold it at.
I don't know either.
I just know that, like, I started with, like, a dollar on Solana and worked up to, like, seven sol.
And then, you know know trump rugged my ass so i have
more of a guilt of like not like putting things in where people tell me i always lose but if i
just kind of like trust my gut my intuition like i do pretty well um but i i haven't been trading
since like the whole trump thing just because i'm like they just all started popping off around then too. Like everybody like started
making one Trump's wife, Trump's cousin, Trump's sister, like everybody started to make one.
I think so that like, I've actually done pretty well. Like I've sold at good times. Like
I'll just say, for example, like Shatterline, I went ahead and took half my profit immediately, which I generally do.
And then, I mean, I made about five grand off of that.
Nice.
The other half just went to zero.
So, you know, like I try to be like a responsible trader or whatever, but I don't feel like I've gotten early into any games.
I think the earliest I was was Love Monster and I really
thought that was going places and I always diamond handed that never took any profits and now I'm
real sad because I think it's just no longer so that's cool but as far as I go like I think that's
the only one is Popcat is the one oh and Bitcoin when it was at like 5,000. I was like, oh, that's so expensive.
Yeah, dollar cart.
Like the unit bias is strong with Bitcoin.
It is a difficult thing because everyone wants a Bitcoin.
They don't want anything else.
When they look at Bitcoin, they're like, I want one Bitcoin, please.
Please, blockchain, could you serve me a Bitcoin?
I would quite like to put that in my wallet.
Can I keep my wallet somewhere safe, please?
Right.
Yeah, it's funny, man.
I did the exact same thing.
When I saw it, I was like, it's going to crash.
It's going to crash.
Everyone was saying buy into it.
People in the game studio that I was working at,
they were like, we were merging with another game studio,
and there was this massive Bitcoin fan,
and everyone was buying it, and they were all going crazy.
And this was like December 2017 or so, when it went up and then to 19 and then just sell i was like asking the guy did you take
some profits did you and he was like a little bit i'm i'm a little happy i was like right um
it's gonna go down and it did and i stupidly didn't buy back in. And I even laughed at the people. I even felt smart versus the people who bought in at 17K.
I felt so smart against them until I realized, like...
That would have been a very good entry, by the way, Matt.
It would have been...
Dude, it timed the market to get that i literally said this is a
local peak it's gonna go up and it's gonna go up in my head i said it's gonna go up much higher
than the previous peak and when it was down to like five grand did i buy fucking single sat
at that point no no i did not i was like'm just going to keep it heavy. It's going to be also really good.
It's like, nope, nope, it wasn't.
I feel I'm the master of round-tripping things.
Oh, round-tripping is good.
If you go and check the dictionary, the Degen dictionary, by the way,
for what the meaning of round tripping is,
for what the meaning of round-tripping is, you'll see my picture there.
you'll see my picture there.
I will see it go up and then don't take profit
and wait for it to go to zero again.
Oh man, I still remember when I got a call at Arsene.
It was like 2 a.m. in the morning
and it was like Mario Narfel's assistant
saying like, you need to jump on space.
You need to jump on space.
Trump's to launch the MeanCoin. And of course, I get on the space and or saying like, you need to jump on space. You need to jump on space. Trump's launched a meme coin.
And of course, I get on the space and everyone's like, has Trump launched a meme coin?
We don't know.
It's gone up on social.
This could be a hack.
This will be the most sophisticated hack in the history of American politics.
Little knowing that they invited randoms to their like signal groups.
It was like, this will be the most sophisticated.
And we were saying that and the market cap was like, climbing. It was like two bill will be the most sophisticated. And we were saying that and the market cap was like climbing.
It was like two billy, three billy, four billy.
And I had to fly.
And I was like, I got to get into this.
I was like jonesing to get into it, but I was on the bus.
And I was like, dude, by the time I got down from the flight into the UK, it'd gone up
to like 36 or something.
And then I was like, no, no more this is not a good it's gonna
crash went to sleep and it went up to what like 72 but where it went before melania oh man that
was just it's horrible to be like that from so i even had a european fomo space when it was fugue
like just 10 billion or something stupid like that like trump was the last free money thing
did anyone did anyone hear rape into it i
well like i just said just lost all my money through trump but i was like oh guys this is
the start of a new united states yes it is i love that show the true colors immediately
i felt so embarrassed after that but i was just like you know this is like the movement we haven't
seen here in the united states like now having a know, this is like the movement we haven't seen here in the United States.
Like now having a figure that's like pro crypto, like we haven't.
Everybody's been like behind the doors where I live about it.
It's like a secret thing that you don't talk about.
And everybody thinks it's a scam, you know.
And so like my mom's like, oh, Bitcoin and Anthrax.
Caitlin, what else are you?
What else do you buy?
And I'm just like, mom.
Anthrax. You should ask your mom for for token ideas like ask her for like names and then you send them just
make them all on like should i send anthrax on arena right now yeah you should send anthrax on
arena right now and then just my mom like have a voice clip of your mom it's like avax involved
you're still working for that anthrax company?
Like, what do you get paid in again?
Anthrax? I was like, oh, I have it on stream
because she asked me during, like,
one of my streams, and I was, like, cracking up.
I hope I...
Oh, you should clip that. I want to see that.
That would be amazing.
That's cool.
Although my mother-in-law, who's visiting me soon
when I get back to Sweden,
out-traded me handsomely just like, just sort of coming back and saying like, a few Bitcoin.
I'm like, what now? It's like, yeah, just a little Japanese lady trading, holding XRP,
Ethereum, Bitcoin. It didn't look like real money. I'm like, lady, I hope you have a safe wallet.
That's all good.
It's all good.
Have we got any other interesting stories
just before we reset the room?
Anyone had, we've talked about round tripping.
Are we going to do a DGN dictionary?
If your face was in the DGN dictionary, what what would the what would it read underneath what dgen word would
you be defining openly i haven't heard from you for a while what would your dgen dictionary entry be
open new did you die all right yeah i think yeah i think he got uh
new did you die all right yeah i think yeah i think he got uh off stage well we got two hands
up let's snooch the question frightened yeah so mine's kind of the reverse of losing a bunch i
actually kind of won but i felt bad about it um i went to nft nyc and met up with a project
and talked with the founders a bunch about you know how i was really into gaming and stuff and
founders a bunch about, you know, how I was really into gaming and stuff. And they, they gifted me
an NFT and said, basically, you know, this is a gift for you. And if it, if it earns stuff,
you can help like promote the game and whatnot. And I saw how much they were selling for.
And after I left, you know, this was, this was early days, right? After I left, I saw that this
NFT that these random people just gave me was selling for like 600 bucks. And I was like, I'm selling
this shit. And I sold it and I got $600 and I'm like free $600. Fucking Hey, I'm, I'm happy. And
then I felt bad about it because it was a gift, right? These developers, you know, they made a
game and they gave me this as a gift. And it was the only time i've ever been gifted in nft that i sold and i felt terrible
about it like it really weighed on me for like months straight that i didn't even like make a
peep in their discord like i just i felt bad about it well turns out they ended up rugging their
whole community and they shut
down the game and they're no longer around so i don't feel as bad anymore but i did get a free
nft that netted me 600 bucks okay so the dictionary entry i think for you would be like the anti-rug
or like the reverse rug where you you rug a project that then rugs um or i would say jeep maybe what about
regret regret here's here's the crazy story too is whale absolutely wailed in on that game and they
ended up really up like whale bought i think whale actually bought that nft from me to be honest
oh oh that's crazy man but yeah there's
there's definitely got to be a sort of hang of regret in there where you where you just
sell something that you're immediately given an airdrop and then you're like i'm just i can't
and then the worst thing is when you don't sell and you just watch that free money that you've got
probably going 90 down that's also there's got to be do we have a dgen
like word for like you know the face the coal makes when their free money is worth zero like
what would that be what was the game you got me curious uh all right yeah i've seen how they're
not around i guess it doesn't really hurt him for me to say the game but it was valeria oh man dude dude dude dude dude seriously man that valeria game
like i booted it up and they had like this thing that looked like it was drawn by a 14 year old
furry um with like one leg i got a creature with like one leg i took a photo of it it looked like
It looked like all of the creatures were like,
all of the creatures were like you know the meme with the two dragon heads and the derpy one
you know the meme with the two dragon heads
and the derpy one?
They all look like the meme
with the three derpy heads.
I was like, man, that's not going to go well.
I have to ask your question.
Did it look as bad as the early Pixel mod did?
Well, it depends on your definition.
Yes, yes, yes, definitely worse.
Definitely worse.
I mean, Pixel Art hides a multitude of sins.
Drawing something with one horrible,
give them a little.
Yeah.
you never recover from that.
I mean,
AI would have done a better job.
Like it would have seriously been much better to employ AI.
That's so true.
I mean,
everybody can be a,
you know,
a game developer nowadays with AI.
Exactly.
It's not like before that you had to add a team,
somebody that at least know a little bit of coding
to put together a game.
Now you just have like separate AI and just say,
oh, let's make a game that looks like this.
And imagine if they had that at the time that,
you know, the NFTs were booming,
you would have hundreds of games.
Oh my God, that would be insane.
I know.
And this would be the worst.
Like if there was the NFT game boom
at the same time as like,
you've got Rosebud and all the vibe coding things,
it would have just been horrible.
There would have been people like adding Wallet Connect
via GPT to games
and then just rugging their tokens in.
It would be like, I i'm not fun but with bad
oh god nightmares that doesn't exist respect they're all good oh good i see we have some
other people in the head house any cool stories soulbound anything anything you want to drop
that's pretty funny i was like just raising my hand. Honestly, I would relate more to the round trip story. That's usually what's happened to me. I was trying to think of one situation though that I did take profits and I'm happy I did was, I like those guys though, but the Nifty Island dudes. I got an airdrop for that. I still am holding though my gold palm.
an airdrop for that i still am holding though my my gold palm and an interesting situation uh i
kind of resonate with king snooch i haven't sold it and the only reason is because charles gave me
uh the gold palm so i feel bad if i were to sell it but it has crossed my mind a few times
i think it's like maybe almost i don't even know how much it's worth right now but um yeah i
remember selling the airdrop it's worth it's worth what you think it's worth, my friend.
And, yeah, I took profits that day,
and that same day I also got my Pengu airdrop.
So it was a good day.
It was a good day.
That's the thing.
That was a very good day.
And so you're going to be the face of round trip.
Do profits really need to be financial?
Can they not just be emotional and mental well-being?
You know, you say that.
Good question.
One of the best NFTs I've ever gotten was my princess that I got from Sinjin, from AG.
That thing's never leaving my wallet.
Like, I'll never sell that thing.
But the relationship and the bond that I built with Sinjin is worth more than anybody could ever
pay me like that connection yeah Sinjin is go to yeah absolute go like hanging out with him in
California sitting on the back porch smoking a joint with him and just like vibing out and
hanging with this absolute banger of a dude was only it only happened because I built that relationship the day that like he gave me that nft
right he sent me the princess he's like hey go check out my game and ever since then i've been
absolutely hooked and love the dude absolutely fucking love the dude we talk quite often in dms
and the roi and the profit that i got from this nft was that relationship exactly what you're
talking talking about paul
yeah that is true shaolin your hands been up for an age what what's your what's your um
well after snooche mentioned it technically i did get into valeria the land sale right from the get-go i actually minted three there was a lance as well yeah and so the crazy part is I did sell it early I did sell it early
Did you sell it to Wales?
No I did not
That would have been great because I undersold it
He was sweeping the floor when I sold it
He was sweeping the fucking floor
Yeah a lot of people
100%
I'm sure like
Jeffrey Gway did
I'm sure Ding and Grail did. So many whales came in into
that project because I actually literally sold it at 0.2 and 0.15. And they hit it ETH, I think.
And I was like, oh my God. And I've been sitting on for a year and a half. And I had seen it go
at 0.02, 0.03 when nothing was happening happening and then to watch it just moon i
regretted it but at the same time i still made money so at the end of the day i did technically
take profit but it just wasn't what i what i could have made and so again when you sit on something
for over a year and a half waiting for it to actually develop and build and they released
all these things you're just like i i have so much regret but at the same time you can't ever
have regret when you actually made money from something versus losing it.
But that was the Web3 game.
That was the one Web3 game that actually I have regrets on.
Everything else is roundtrip for sure.
Although I think you can have easy regrets roundtripping a meme coin because it feels so much like your own stupidity.
a meme coin because it feels so much like your own stupidity then. It's like every time you sell,
it goes up and then you end up round tripping like a gajillion coins or something and then you just
cry. Well, it's like the Trump coin, right? I actually did sell for profit and then I bought
back in thinking it was going to go up because I didn't know melania would come out shortly and then yeah so you got right by you
right yes oh no that is i think she would definitely be the face of the modern rug on
on the dj dictionary it'll be a face of either her or uh that hawk to a girl or scotty pip in there
some good little rugs recently um but yeah andrew tape didn't
he do didn't he also like do like live rug like he just rugs he just rugs life man he rugged his
chin he rugged like everything um so i think that guy he's such an og rugger he is he is a rug pull
walking rug pull he is the walking road pole.
I mean, it's like the very definition of a road pole.
You got to like, is it like something with Frank D. God's?
Is that the very definition of a road pole?
I would say the president of the United States is the very definition of a road pole.
Because he actually did it.
Oh, we don't have him here today.
He actually did it. He was the fucking president.
And sort of his whole family as well.
So I think he takes the crown.
Because he has the crown, literally.
And he wears a rug as well.
How about the president of Argentina?
I think he made a bigger rug.
Come on.
Oh, my God.
Millet.
Millet was responsible for the death of the vape.
Librecoin killed off the LA vape cabal.
I think that was just the most weird, weird thing ever,
that the Argentinian president's sideburn guy with a chainsaw
basically destroyed this little cabal of, like, patiques.
Imagine how many screens and patiques got thrown around that night.
Like, Millet.
That must have been a sight to see even if they
got destroyed they they came out winning they made 110 million bajillions dude and like i mean
why it's impossible to cry when you're on a jet ski so you know it's profit
profit taking in the most pvpbs um but yeah so about yeah no i'm thinking of more stories uh i recently started taking profit so there's this thing called
uh i don't know if you guys know vivi it's this thing i just i uh basically this is yeah this is
what got me into nfts in 2021 uh i thought that they were gonna be oh yeah the pain pipe the pain basically these guys uh
had licenses with disney marvel pixel dc comics like the list goes on i literally thought that
this would be the disney of nfts and honestly looking back it it wasn't too far out to you
know like to think of that but uh yeah man man. We actually had one of their 3D artists.
One of the 3D artists on the VV thing was at my previous company.
He was doing like Batmans and shit.
No way.
Interesting.
Yeah.
No, one of the guys, Alfred Kahn, who's the guy who brought Pokemon to the US, was deeply
advocating for this project.
He's on the board.
So I'm like, okay, if the guy that brought Pokemon to America is bullish on this project like he's he's on the board so i'm like okay if the guy that brought pokemon to america is bullish on this project like there's no way this isn't going to
be successful and then anyways they had some announcement immutable never ended up minting
anything on chain they're still not even what you said like they had an announcement with immutable and they never ended
anyways yeah fast forward a few years man and that was crazy is i remember during the nft
times when things were really pumping like the end of like at one point their digital
collectibles were doing pretty well like i i really fumbled that bag my portfolio was
in a good spot. Um, anyways,
yeah, I just started taking profits now, man. Like three fucking years later, I'm like, okay,
this thing is going to do anything. It's now or never. And I'm like, okay, fuck it. I'll just,
I sold my Walt Disney, uh, which was at like 45 K all time high last bull market. I just sold it
for like 800 bucks, bought at uh yeah man i'm basically
at a loss but whatever this thing's gonna go to zero might as well take some profits and yeah i'm
starting to sell some of those digital collectibles but uh that's my story on profit taking thanks for
uh listening to my ted talk it was a good title i enjoyed it enjoyed it. I felt very tented. Pipe. Good pipe, pipe.
Yeah, oh, Vivi, painful memories.
I admit, though, we thought this was going to be the biggest thing ever.
Oh, dude, they were legit, though. They did look really good.
So I thought it was going to be big, but I was also very skeptical, right?
Because I was saying to people in my community, I have my own community that I run on WhatsApp, right?
Saying, listen, they call themselves NFTs, but what fucking blockchain are these NFTs minted on?
Okay.
That's the point.
They didn't actually ever have a mint, did they?
Show me where the blockchain they're using to mint this shit is.
You know, it does not exist, right?
This is a Web2 collectibles platform, which they're marketing as an NFT, but they never mint this shit is you know it does not exist right this is a web to collectibles platform
which they're marketing as an nft but they never minted shit never they said they call it minted
and nothing was minted yes i got some and i made some quote-unquote profit but you couldn't you
couldn't cash it out yeah you couldn't actually cash the shit out uh not really that's that's
the absolute classic it's like you see it so often when the web three guys come into like gaming where they
do something.
But when you see the actual web two guys do that kind of rug, I think that's hilarious
because they probably didn't realize that that was the important bit.
They probably had no idea that was the important bit.
They were like, we make the things, we set up a marketplace, it looks really nice, and they buy it.
Because they're used to selling like season passes
and like infinite inflationary money that doesn't matter
because they can just create it and delete it at will.
And when they're actually like,
we have to sell something with limited volume,
they're like, we can just spend 800 on it.
800, no one's going to know or care.
What was it, gems or whatever was the currency on there? You bought gems
to then buy them, but you couldn't sell them. Classic gamer
currency. Of course you couldn't. That's
what gamer currencies are.
You know, exactly. They're fucked up by being
too web too. Ponzi!
The definition of Ponzi.
It was actually an elaborate rug
pool because there's some big brands. There's the
Disney ones. There's Star Wars on there.
There's all kinds of shit on there. They must have made all the money and licenses and then forgot to hire a web
three dev team i think that's probably what happened it was it was crazy though because
they're actually super profitable i think i don't know what the hour i don't know now anymore they're
still around i remember at one point they did like a hundred million dollars in sales or some
shit like crazy stuff that's crazy but i don't know what the fuck they're doing though it's just like enjoying that
hundred million dollars in sales they're supposed to be list launching on the the om chain om chain
or something didn't that one just implode yeah so didn't that one just come and um no no no no no no no no no no no no no no no no no no no no no no no no no no no
so there was another om was the name of the blockchain i think it was right and this it
was meant to be a big collectibles uh chain you know there are some comics that i bought
some marvel stuff and they were all supposed to be minted on there and it never happened
they were all supposed to be minted on there and it never happened that's crazy that is absolutely
crazy man i think the stories in web 3 like not only could we have like a dictionary web 3 we can
actually just make a whole like law um it would be insane imagine if you did web 3 you get all of the
things from x and all of those things and then recreate it in like a fantasy world with ai and then you vo in like a
house of dragons like you know fantasy style and just basically have all of the rugs and all of
these things like battles and all of that that would be pretty funny you should do like an
you should buy a land plot in the central land and just put them all there
central land oh man out of all the ones you could have picked
hey you know at least those were nfts and people who were who bought decentraland before the halving
last cycle made a shit ton of money before that all that's true that's true and that is the that
is the moral of the story it's like when you're you're up, you're up, you're up.
But the thing is, is you're never going to time the market. So it's like, even if you're up on one particular thing, right? You have a thing, you bought it for a hundred, goes up to 5k,
and you want to cash out, right? As soon as you leave and you see other things continuing up,
you're going to put your 5k in and buy far less of the stuff that you sold.
gonna put your 5k in and buy far less of the stuff that you sold like i've seen people literally
take out profits and then buy back in but less with that money to watch it just go to nothing
like they literally took the profits and then went straight back into the same token with the
same amount of money and then just so like when you take your profits i think it has to for me
anyway it's like that's the final thing you take it you're done with it you don't look at it again because if you
phone my back into the thing after taking your property always wreck yourself do you think that's
to do with greed as well because a lot of people feel like they could make more and they come back
to it or they're like invest more as it's going up it's like they have
a very good entry but instead of dcaing down when you have like even better entry you dca up so your
your entry raises exactly i mean that's the thing it's like you have to i personally think when
you're looking at coins that you don't want to be long-term holding that you're not like i'm
dedicating like this is where i'm putting my savings bank if it's not your savings bank it's
an investment you've got to remember your entry price and your multiple because if your entry
like if that multiple say you get like even 100 bucks out of it if you put in a grand when it's
gone like 10x and then it only goes up 10 bucks more and then goes down 20 bucks you lost money even
if you had a fantastic like entrance you know what i mean i think it's you have to have that
discipline to to not look at the chart you gotta forget about it i think it's like sell and then
don't look like if you're out of it don't look at it just be happy with your profits. Yeah. The best rules for anybody that's wanting to make profit,
it doesn't matter how much you make profit at all.
You know, it can be 50%.
It can be 2x.
It can be 3x.
It can be 10x.
As long as you're positive and not a negative,
it's always good.
You got in today, you made profit on your Popcat,
you made on your Fartcoin
or on your,
I don't know,
A16Z,
AI16Z,
anything that you like.
As long as you're in positive
and you're not waiting for it
to go even higher.
But I think the best rule is like when you see a number that makes you happy
and you're excited, sell.
Don't look back.
Don't look back.
Van Ho, Ophid, what numbers can you see that make you happy?
When you see like, is there something that you're just like,
this is a 5x, I'm out, a 10x?
Like when you're watching a chart and you've got like even if it's
a small bag that's becoming big at what point would your nerve fail you do you think i'm a 2xer
i'm just like if we get double what we have i take half out and watch the rest go wherever it needs to
but to me like that's always been smartest for me because I will put everything in and lose everything. Or like you said, sell it, put the same amount in and then just completely go to zero and lose it.
So usually like when I did get just started with that $1, I put like 50 cents in.
And once I got a dollar, I'd take everything out.
But I mean that, but I'm like, I'm small fish.
I'm baby whale.
I have no trading experience.
I mean, even after all this time, I could probably tell you like, oh, that's a great
market cap to enter into.
But like, I'm not so much as a trader, you know, like I find my profit being in who I've
met in the space.
And I feel like that's always paid me out the best just because like I usually work
behind the scenes with projects instead of in front of.
And so for me, that's the most profitable thing I could find here in the space for myself.
But I don't know.
I think profit can be however you look at it.
But in terms of like Mimers, I'm terrible.
Paul, when you're looking at a job, what is your exit point?
Oh, God, I'm the worst person to ask about this at all.
The job exit point? I'm terrible, too.
The mad thing is, I have no idea what a bull run looks like, right?
Because I came in right at the end of the last one.
I joined the entire space around November 2021 and got involved in Vulcan and stuff.
And that was the time, you know, when, you know, it was Christmas and it was quiet.
And then I didn't know enough about it.
So I didn't put any money into anything, which is lucky.
So, I mean, I haven't necessarily lost anything.
But, you know, I got a few bits and bobs from places from that I worked at.
I got some PYR when, you know at i i got some pyr when you know
it was part of a bonus that you know when i was over there and i i used that as a as a sort of my
my initial entry into crypto properly you know there's my fun i'm going to do do stuff well and
i put some stuff into a couple of projects they did did it okay one actually 20x but i i got out at around 10.
but then you know i put that into other projects then that that i was connected to or new people
or people i wanted to support or people who are involved in those says okay you should look at
this project and stuff and apart from one of them which i made about a grand on it was like
from one of them which I made about a grand on it was like um I took that profit out and then just
the rest is sitting there now so you know if it goes up anything from here I've made some but
most of the ones that I put any of the money I made into I've all just gone to dog shit you know
like like like like quite literally they would need 10 20x just to make back what I put into them. Oh, my friends.
I know.
It's rough, isn't it?
Yeah, you don't know.
You make a bit of profit,
and then you spend it to survive in this industry.
I mean, are you one of the people who, like,
let's just say you've got something you put in a grand,
and it's gone down to, like, 20 bucks?
Are you the kind of person who's like,
I still have grand's worth of token when it was, I'm just going to leave that 20 bucks because fuck that 20 bucks
are you like i'm going to get my 20 bucks back after all of this shit well you know listen
right what's 20 bucks right 20 bucks is a fucking takeaway or something right you know it's like
i'm thinking right do i want to take away it's good i'm not going to go through the hassle of
switching shit and wallets you know i'm just going to leave it there if it goes to if it goes
to 100 bucks then you know i'd go okay yeah you know because that's a five heads it's not going
to go back to what it originally was yeah for real you know yeah i mean if you forget about it and
then you look at it and it goes up a little bit you can count that as profit because you weren't
using that money in the meantime so like even if you see like your you get a dead cat bouncing but yeah i mean it's cool and um i
think it's a really interesting topic as well because a lot of people value diamond hands and
a lot of people um shame profit shame and sell shaming and all of that kind of stuff that goes
on but without people just normal people,
like regular people from regular worlds, regular jobs,
coming into this space, meeting a bunch of us DGEM retards
and becoming the DGEM retards ourselves.
And then some of us making ridiculous amounts of money
for basically, what knows what, for doing random things.
Like someone gives you a picture.
I've had a few JPEGs sent to me,
and some of them have been really good and i'm never selling them but it's like we came into this space from all
walks of life and if none of us made money we wouldn't all be here today chatting shooting the
shit and i think that's one of the fantastic things so like never shaming people for taking
their money out never shame them because this space exists because we got rich doing crazy things. Exactly. I have a quick question, actually, maybe to put out to everybody
in the audience, you know, in terms of this. So, you know, maybe there is, maybe there isn't
another bull run on the way. It's hard to know with the whole economic situation in general,
right? But, you know, we're talking here and we all have our diamond handbags that have gone to
crap and we hope that they come back a little bit. have it in my head you know again stressing that I'm a total noob and
no jack shit really about about trading and all this in my head none of these are ever really
going to come back just because unless they've been seriously building and actually genuinely
improving what they had the chances of them seriously coming back to any sort of like mad four more levels is great.
So the way I'm looking, what do people think?
I mean, am I wrong there?
Or the way I think it is, it's going to be new projects that actually do something.
I don't think you're wrong, but there's some interesting things.
It's like there's the kind of the dead cat bounce.
We've seen some games close like Nyan Heroes and the rest.
The token was like up 50% on the day.
Like people, I don't know, like trading up a dead token
to get a better exit point, whatever it was.
It's like...
I think we lost Matt's audio.
We have lost Matt's audio.
But they couldn't bring it back.
Oh, it's back.
Oh, did I rug?
Yeah, for like, I think, 10 seconds.
Yeah, I'm just going to do my frozen rug face.
I carry on without me. Like, am I back?
Am I back?
Yeah, you're back.
You're back.
Nice, man.
Well, it looked like the glitch one, the video where you're doing that.
That's that's always
good but yeah i was just i was just basically saying it's like even they even after you get
the dead cat bounces and you get all of this kind of stuff recovering a main coin or any coin from
like zero like when it's got truly annihilated if your project is still building you probably
release a new one like for real though you would i mean you just you just
want to burn that wouldn't you because i've seen the projects that are like we're doing a burn
we're doing all of these things but if you have tged and it's gone like all the way to the bottom
like unless you have made enough runway with that crash you are not going to get out the other side in a game that's tough that's really why
doing the um token raise as you know like bets in our studio it's going to be amazing um doesn't
often work out because you know it goes so far down even the money you had the reputational
damage of your token hitting basically zero it's it's difficult to deal with because they would
have to be spending money
that they got from their tokens to prop their token price up and then they're not actually
cashing that in and building their product so if they spend the money that they raised on their
token sale on their product what's their token going to do it's going to go down because it
just doesn't work right it just does does not work yo kadi in his house um drop us some love have you been listening in
from size have you got some stories you want to jump in yeah i was hearing you talk a little bit
matt or matthew whichever you prefer i actually don't know i haven't spoken with you too much um
that's all right what's up everybody um hey buddy i was hearing i was hearing you talk a little bit about like tokens coming back from zero and i mean i think we have like a good idea of a token that
had the potential for that and like look if you guys have seen like they're not they're focused
on building the product in the back end they haven't spent a ton of money on like marketing
and stuff to to launch the token it was it was an interest token
where you had to fill out a form so I mean they had to do some legwork in there they had to get
some promotion going I don't think that they did a huge push for like KOLs and stuff though
so I think they didn't they didn't they just announced who was part of it I think you might
be right on this one because this is a utility token they're building the utility for. The difference is like, I would say that like there's a difference between a token that is
launched on a CEX, like even if like it's a tier three and a token that's just been DEX launched.
Like I'd say there's a bit of a difference. Like if a token hasn't gone to an exchange,
like and paid for a listing, I think you can't really consider it launched
that's kind of what i'm saying do you do you agree
because uh i i think that i think it's going to go back up and then launch right
yeah i mean i think what is launched even though they're not unlike major decks it's on pharaoh exchange but like they haven't spent a
ton of money like most of the other projects do to to get on like bybit or kraken or any of those
so they've still got a ton of runaways to do what they want with and then when they're ready to start
launching out whoop xbt and and the companion app and all this other crazy stuff that they're doing
they're gonna have the money and the funds to put behind marketing the product rather than just the token and yeah exactly that'll generate interest
in the token by by the product being pushed and being a good process in my opinion and
it is a good product like I know I know what they're building we have we have um the wolves
chief operation chief operation officer we have Slayer on our advisory board
she's not leaking any alpha that's how good it is like she is tight-lipped um and she will give
you the kung fu like she did with the picture like she showed that on the space like uh the
crazy kung fu um she'll come for you if you ask too much about what they're building and that I
think is bullish um because if people don't believe in something, they usually would just tell you exactly what
someone's building.
So I think that's definitely a good sign.
And I definitely think things like that can come back from dead.
But if you're looking at gaming tokens where the game's out, maybe that's a bit different.
Like if the product's not built at all, maybe that's the exception.
If you haven't built the product, maybe the token can Like if the product's not built at all, maybe that's the exception. If you haven't built the product,
maybe the token can recover
if the product's good.
Yeah, it's all cool.
And we are fast approaching the hour.
So I'd like to thank everyone here
and let pipe up for a few last words.
It's been a great space.
Lots of shit talking,
which I like as well.
Me too.
That's the best bit. You know, you do a bit of shit talking, you I like as well. Me too. That's the best bit.
You do a bit of shit talking
towards the evening.
During the day, you're kind of being logical
and dropping some great alpha,
but now it's like, yeah.
So that's for letting me speak.
Can I share what we're doing?
Share what you're doing.
It's just we come on Nocap Gaming,
and you're basically like, yeah,
and now it's turned into shit talking. This isn't the real talk motherfucker, chill, chill.
Yeah cool, yes so real shit talk. So yeah so we have our GDAO token presale which is now live.
I'm not going to mention prices and stuff because this is not financial investment advice. Do your own research. And it's the first ImpactFi
token.
And we also have
we're also listing
our token on
what's it called?
We're also listing our token
on the brand new Quantum Dex by Layer1X.
Layer1X, for those that don't know, is an interoperable blockchain.
It supports over eight chains, including Bitcoin and Solana, as well as EVM.
We're listing there on Tuesday.
We are going to be the first coin, along with another coin called Biscuit, to ever list on this brand new Dext.
First ever Impact Fire token and first ever, I believe, interoperable meme coin token as well, launching on Tuesday.
So, crypto loves First and they love narrative.
And they also like free money.
Yeah.
Is there any airdrops or anything going to any of your fans or other close supporters?
Yes, there is an airdrop as well.
That's going to be for people that are participating in our DAP. So if you become a member of our PGF launchpad, which is our RWA DSi launchpad,
we will be doing an airdrop once we reach 10 million TVL.
So don't just get your membership and then just sit there.
You need to actually put some fucking money in the dap, right?
So, you know, motherfuckers.
Honest, honest, man.
And on this, this is what we want.
Honest.
You know, exactly.
This is what we want.
Yeah, so, but yeah, there's some alpha for you.
Yeah.
But yeah, there's some alpha for you.
Get some presale tokens and also get ready for the DEX listing on Tuesday.
All good.
Well, he absolutely shilled another time there and we love him for it.
Can never, can never repress a person who has a good project and some good alpha to share.
And I think it's been a
wonderful space talking about profits losses and fun times if you like these people give them a
follow um retweet reshare and all of this we are streaming on multiple places um and yeah good
things coming soon follow triangle train follow follow warp chain follow all the chains follow
the dows follow the dows,
follow the beeps,
follow us on LinkedIn as well.
Take it easy.
That's it.
Cause we write,
cause we do some cool long form.
We do.
We do proper.
Yeah.
That's where the real alpha is.
How we make the bajillions.
Yeah.
We also,
we also do that as well.
We also have a serious LinkedIn quote-unquote page as well.
So, yeah.
Yeah, it's the best way.
It's the best way.
But, yeah, thank you, everyone.
I've been Matt, and this has been No Cap Gaming.
Profit-taking versus profit-making.
Okay, thank you.
Bye.
Bye.
No one owes you.
No one's to blame.
Sick or bad genes
or DNA.
Ask your conscience
the why and how.
Do it then.
Do it when.
But do it now.
What's up?
What's up
girl
easy
you gonna do, little buckaroo? Lay your ass down, I'll see you.
Yeah, all you gotta do is happy food is asking love.
