Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
The Alpha Round #1: Talking Markets w/ @mattomattik
Recorded: May 1, 2025 Duration: 1:09:48Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the latest trends in the market, including Sailor's substantial Bitcoin holdings, the launch of Hyperliquid's new trading features, and the potential for altcoins to recover amidst Bitcoin's dominance. With Kuma's impressive token distribution and yield opportunities, the conversation highlighted the dynamic landscape of cryptocurrency investments.
Full Transcription
Thank you. Can you hear me properly?
I guess we're gonna wait there to take the mic.
You hear me?
How are you, man?
Nice.
Yeah, I hope there is a... A couple of minutes for people to join.
How was your bike ride?
Yeah, good, good.
It's always good.
The shower was even better.
Yeah, dude, I was rushing home as well.
I was outside doing a barbecue with my friends
and had to drive back home like a maniac yeah I saw this picture it seemed
good I mean I'm not a fish guy but yeah I used to yeah yeah me too I'm usually
like a meat guy but I don't know the guys wanted to do some seafood and stuff is
it like a holiday for you guys as well like the first of may
yeah as a work uh early day which is ironic because we say work party day but it's a naughty day where you literally don't work like yeah yeah i was telling my friends i have to go
to work and they're like oh come on dude it's a day off and i was like, well, it's working holiday. Someone has to work.
I mean, restaurants still open because I hate outside, actually.
But there's a lot of shop for not to open and actually in France.
So if you open this day and you are not a necessity shop, you can have something to pay. pay right because you are in the wrong legally speaking
yeah i don't know here most stuff are closed so but i don't know didn't really bother me that much
uh but yeah what's up with you man you you picked up bike riding now
excuse me picked up uh You started riding bikes? Yeah, again, it's been a while actually I didn't,
but you know it's more enjoyable to be outside during, like right now it's starting to be back
like 20, 25 degrees Celsius, so it's really enjoyable. At the same time you do some nice prod because since it's hot outside
you're gonna sweat way more easily and you're gonna lose some fat way more easily. So yeah,
it's always summer where I do the Maz bike just for the reason of it's more efficient this way to
lose some fat. But it's's hot it's so bad well better to ride bikes when it's hot than
when it's cold i don't know like running for me like i hated running in the cold and stuff like
that yeah you feel the wound in your face literally and it's terrible like you feel like you're gonna be using like a movie or whatever it's so terrible yeah 100% well before we jump into I have a couple of topics
that I want us to cover and before we jump into it I want to welcome everyone
listening to this to the second season of the Alpha Round we hope that you'll
enjoy this episode I have Marusha with me here thank you for joining us marusha first of
all um i know it's uh i i'm sorry i had to cut your biking round short yeah if you don't follow
maru make sure to give him a follow um i've known marusha since i think we follow each other since
sub like 1k followers or something it's crazy um and yeah one of one of the og
traders one of the silico crew traders so make sure to give him a follow a lot of good takes
about markets about algos and stuff like that um and uh yeah good addition to the timeline so
make sure to follow marusha perfect now that you say this i'm gonna retweet some japanese girls yeah a lot of
marussia goes into these like uh once a day he goes into this like retweeting
anime girls uh and just waifus uh so i i suggest uh removing the retweet stuff
but the problem with it is that you know the problem with it is that it doesn't show up
in uh like it still shows up if you're watching a list and all my twitter is like in lists and
like even if i cancel your retweets your retweets still show up on my list but um you know that's
okay just you just gotta be careful when you open your Twitter in public.
But, yeah, I just want to remind everyone,
if you have any questions at any moment,
anything you want us to discuss or talk about,
you can click at the bottom right corner.
There's a chat box icon.
You can click on it, leave any questions,
and we'll touch them before we end the show.
And before we jump into the discussion,
I want to thank again to Kuma for hosting these spaces.
We are now live on Baruchain with up to 50x leverage
and we're currently giving out over $25,000 equivalent of tokens
that you can claim them every single day.
So yeah, you can trade and share a prize pool of over $25,000.
So yeah, make sure to do that with the current volumes.
It's actually crazy.
It's like actually 3,000% cash back on the fees that you pay.
So yeah, if you want to earn some extra benefits for trading,
Yeah, if you want to earn some extra benefits for trading,
make sure to check Kuma out.
make sure to check Kuma out.
Well, Mauro, I have a couple of...
I have a couple of...
And don't forget to click on my profile
and there's a link in the bio for a link
that'll give you 10% off.
Bro, I was arguing this morning with a dude
about what is a meat girl or not,
and he listened in the space and he sent me a dm make
sure to follow marusha for meat girl this little faker yeah dude i don't want to get into that do
you remember there was a period of like where all of twitter was discussing what is meat and what
is like not made yeah literally like dude we never see a girl outside of his mom have an opinion about what is
a mid girl or not yeah sure a bunch of insults who never had sex or judging who is mid and who isn't
yeah i mean the usual city type of thing yeah um well there's a few things i wanted to discuss a couple of interesting things uh we've
had this week um so far um first of all we had uh sailor buying some more uh bitcoin currently i've
been tracking his buys and just posting every single week that he buys how much of the whole
btc supply he holds uh and currently that stands at 2.7%,
which is insane.
It's almost that strain.
Yeah.
I mean, it's...
I wanted to hear your thoughts about it.
I mean, that sounds insane,
but it depends what is the plane of Sailor,
and I don't think you're going to explain it,
but the possibility I think about since a long time is
Sailor can literally be like a bank for Bitcoin
and all the stock of Bitcoin can be used as a lending
or later on to be exchanged as spot, etc.
I'm not sure what is the final plan of Sailor at the end of the day.
I don't think when he says just want to buy
some supply, he has a reason behind it. Like I just seen dollar losing value and
the narrative around America falling is stupid at the end of the day. So yeah I
think he maybe have something, he can do a lot with it and it's gonna be up to him
at the end of the day. I mean he still don't have that much
leverage. He has some leverage actually. I know Twitter love to say no it's fine. It's fine for
now it could be bad. We need to pull back a lot for it to be bad actually. I think like it's under 20k for a long period of time.
Actually, no, for two years under 20k,
yeah, it would start to be bad for him.
But the thing is,
some equal strategy isn't only doing Bitcoins,
they also do some software,
even if now that's not anymore the core of what they provide.
So they can still have some liquidity flowing
from somewhere else, that's the thing, right?
They can also lose a bit more money to gain so they can generate revenue.
So from there, they can do a lot to be safe still, whatever happened from there.
Aside if that's a war or recession or something bad, right?
Yeah. So like the way you explained it from what i understand
um is that currently they don't have to pay that many people back every single month because you
know every single bond or whatever they're selling and stuff like that he usually has like a certain
period of maturity now they're doing something different but they used to sell those bonds and
stuff like that and like long-term loans and stuff you know weird
things um but but like you said um over time there will be more and more payments they have to make
right and eventually they'll like so far the money they're making is enough to like cover every
expense they have but at some point it won't be enough and um and that's like the
the worrying thing that maybe at some point he will have to you know be forced to sell or to
take more loans to pay the other loans and stuff like that um but yeah there's a lot of dynamics
in there that i don't understand you know that i'm not gonna pretend like i know exactly how that works yeah it's a bit particular because it's a bit like you know the big short the movie where
he does a jenga tower and no margin call actually and not the big short which one and he said it's
dog short yeah in the big short then he said it's dog shit right bed inside dog shit that's kind of the case for a sailor but
once again since you have supply the difference is we can still find demand for this supply so
i think it's way less difficult for him to even if price go low to do some option
to do some lending to have some revenue via software
that it is for some other group, right?
It's not that bad so far.
I know narrative like to doom post on it.
It's not that bad.
It just because Sailor is so vocal and retarded,
you know, it's simplified everybody,
but it could be way worse, you know,
like what was doing Dockwon and the loop of Luna, that was bad.
Like everybody with their brain said it publicly, it's work.
But the moment there is a little bit of outflow, it's down for everybody.
You're going to rush the exit and it's going to became like a glass
will break more and more and the flow of the water are going to be bigger and
bigger to go outside so no sailor is fine at the moment but i mean everybody everything about him
because he's a subject on everybody mouse right he's doing well people you see him fall uh usd usdt somewhat don't say shit about sailor which is kind of ironic but yeah
i mean i don't think anyone cares that much right like the thing is a lot of a lot of people look
at it with like this doomer view you know like every single time i post something about sailor
there'll be so many comments saying like oh this will end badly and stuff like that and like although i do get
where they're coming from i do think it's like you know it's such a long-term thing probably
because because even though it is kind of like very similar to a ponzi and like the structure
is weird and it's kind of weird he's like just loaning all this money to do it um he's still
doing it kind of right you know what i mean um yeah you're doing better than
dog wanted for example dog wanted the worst of the worst like synthetic sterile kind you need
to be very careful to what structure you're gonna offer because the structure can be very extractive
with some high yield you know like that's the difference they don't promise you yield
at the end of the day you say we're gonna do money and that's all but for a dog one it was yeah we're
gonna promise you what it was like 14 to 16 years i think on it was like uh it was like almost 20
yield yeah yeah that's ridiculous how the factor generate 20% even on a Bitcoin, we did well from 2020 to 2021.
When you're going to get pullback, you lose 50% of your maximum all time high, which means like even if you compound wealth of 20% early on, at some point, if we don't set a higher and higher nonstop, you're gonna lose some money was that the same for isuzu and gbitcoin right that's what happened basically they were trying to carry a premium and over
the time it didn't work for them yeah it's gonna be interesting to see how that this continues um
because i mean as long as there's people interested in like this whole ponzi thing that he's doing
with like selling shares discounted and stuff like that, bonds, whatever it is.
As long as there's people interested, he will keep getting money.
And it's going to be interesting to really see when does this demand stop, right?
Yeah, definitely.
Yeah, but so far he's doing great.
I mean, you know, the dude also, he also has like 15,000 BTC that he bought himself, which is crazy
So he's up really nicely on those
Yeah, I mean he's a really degenerate
You know just
Yeah, it's literally
But I can understand why you can I think he already explained his past about just lost in reality. Yeah, it's literally...
But I can understand why he can... I think he already explained his past
about a trade on Argentina currency.
And when you look at his past, you can understand,
but he's still a degenerate, right?
On the dot-com bubble, he lost, what, 6 billion, I think?
And right now, it would be... Yeah, he was one of the biggest losses in the dot- bubble he lost what six billion i think and right now it would be one of the biggest
losses in the dot dot com bubble but i think that's why some people i mean for me when i post a bad
sailor i'm trolling i literally don't give a whether he exists or not it's not gonna change
my life and my style of trading but i can understand why people are not confident when you know this dude literally blow up so much
value during the dot com was it his fault of course not that was a bubble and the dot com
but still you know actually in the dot com bubble um the if I'm not mistaken yes I think the the
crash did hurt him um you know the crash did affect the company but they also got caught faking a lot
of documents for profits and like how much money they have and how much money they made and that
made their stock tank like 90 or something and then it tanked another like 99 because of the crash so
So the good old shit guy. He was a DG back then already
it's a good old shit guy he was he was a degen back then already
Yeah, no nothing particular about sailor and the more time goes and less I mean Bitcoin
I still love holding Bitcoin right? That's my baby everybody who know me since so why I
Trade coin margin literally so that's tell you a lot about my opinion on Bitcoin.
But the more time goes, the more I pull out little by little
because I'm aware also of the luck I got over the past.
And there is some time where you just want to be comfortable.
Like when you have enough money, you want to be like,
oh, I'm going to stable that.
Maybe I'm going to look at other investment for example right now uh ea is meta housing is still
very meta energy is on the table how we're gonna switch to new energy data is also on the table
that's something i spend a lot of time trying to figure out how to monetize the future of data because with AI coming as the next two value are literally
energy data and identity but most of people are gonna pull out of identity
when they realize if they sell say identity to internet or to an
intelligence artificial they're gonna be like be like, I'm fucked forever.
They can use my identity and my face to do whatever.
So yeah, energy and data, a lot of time I spend
looking at those right now, more than crypto
because crypto doing well also,
I don't need to spend time into it, right?
I mean, it makes sense.
Again, you know, at some point you start, you want to live nice, you know,
and you want to just realize everything you've made and start, you know,
buying properties and, you know, nice cars, whatever it is that makes you happy.
But yeah, so talking about Bitcoin, profit-taking and stuff like that, you know, it's the 1st of May.
You know, there's the big old school saying, sell in May and walk away.
What do you think about that?
I mean, superstition die hard, I would guess.
But right now, market looking strong. There is two types guess but right now market looking strong there is two type
of sinking right now like it's either I mean the worst of Trump is done and right
now it's upon me and there is a one we think it's only the start of tariff
impact and we're gonna add into a recession because most of our project
coming from China, right?
Yeah, personally, I think market looking good right now. I mean, that's why I did a space with Satoshi two weeks ago, I think,
and both of us bought 100k, you call it.
When it was like at 78k or 80k.
And my opinion didn't change much since then to be honest
It's still looking good overall. It's very hard to lose momentum
Once you acquire it right because people who are late want to join
So they're gonna join late and that's the opportunity for you to either take profit or double down on position
depending on your conviction.
For me, I kind of do not know.
Just enjoy the profit little by little.
Yeah, so we're not selling in May and going away.
Somebody, I forget who, but he said something nice. He said, whatever you do in May, don't look at computer.
I think it was zach
uh not zach six beaches the other one uh zach zach yeah yeah exactly he answered to somebody
this morning and said or all but definitely just go away and i definitely agree with that like
sell or all, but definitely just go away.
And I definitely agree with that.
Like, either you have conviction, we go higher
because everything looks good.
So why the fact would you want to stay in front
of your computer and shake your conviction?
I say just the less you look at the short,
the better it is for you because otherwise
you're gonna take out to early.
Or you sell and you buy later on, you know,
but don't stay in front of pc right
it's useless at this point it's uh it's funny i remember a couple of weeks ago i think it was
late last week um when we had the first couple of big candles to like 92k or something like when we
pumped from 86 to 92. someone posted the picture where the guy sits on the chair
with like the PS remoter and then he like leans forward,
you know what I mean?
Like locking in.
Yeah.
And then I posted the reverse and I was like,
no, I think it's more like this.
And it's always funny to me because, I don't know,
like I do get that, you know, markets get volatile
and stuff like
that but i always feel like if you played like as long as you make sure that you're focused when
when the market is like volatile towards the downside you know just chill and let the market
do its thing really like just leave the computer because i really found it i don't know how it's
with your trading but with my trading once I have a good entry,
once my trade is running well,
the less time I look at charts,
the less focus I give it,
and the more time I just let it cook,
I'm doing way better
because I tend to overtrade so much.
And usually that bites me off my ass.
For me, I do multiple accounts.
I've always knew I have this better bit as you described to if I'm too much in front
of my PC, I'm going to forget my entry.
Basically, I'm going to be like, oh, yeah, but one thousand or five thousand dollar profit
is good.
So I'm going to take it.
And most of the time, since it was in 2020, I was missing most of the move.
Right.
And I got mad and I was like okay so now we do a sub
account one for a swing one for alt one for news for exchange we don't have in one for edging I
would recommend that and yeah to be honest it's just simple as actually some accounts are defined
to do that and I'm not gonna touch them anymore.
I'm gonna be like the longer on my swing account,
I have a target.
Until then I don't fucking open it,
but I'm still gonna ADHD my way into the scalp account, right?
Because I need to add dopamine from market and click.
Because when I click more,
I'm way more connected with the market. If I don't click enough, most of the time, yeah, I don't know.
I don't feel anymore the momentum of stuff.
I'm going to start to doubt my position also on the swing.
So it's important for me to click, but not on the same account as swing.
That's very important to me.
Yeah, separating accounts is actually a huge thing
um i also have the same thing like one account that is intraday one account where i hold like
the smaller like intra week intra monthly swings that are just like trades and then i have like
separate accounts for all my bigger things um and it's a huge help. Just from the first thing that you just don't see the trades
that you have running, you know, you just let them do your thing.
You maybe log in like once a week, once a day or something
to check on everything, that everything's okay.
But yeah, just having a clear account where you know
you're just entering and exiting just to make, you know,
your daily salary or whatever you want to call it is huge.
It's a huge amount.
I don't log it at all until the stop loss or the take profit are it.
So before I was writing it down on the paper and not just that I was putting on my PC because most of the time I have a little doubt of browser open with the price, so I can see what price it is.
And nowadays I use my own system
without it on the computer,
so I know if there's a stop loss or take profit
have been hit, right?
But yeah, never, that's a big rule for me also,
I don't open the account if that's not it for a swing trading
never and never and never that's really an absolute rule I get myself and it's working
pretty well to be honest yeah I mean I'm sure you you started picking up options really heavily in
the last like six months or something like that right because i see you posting way
more about options i know you've traded options before but it looks like you went into options a
little bit heavier uh i slow it down on so option by myself as a trader i slow it down a lot i was
doing way more of it during 2022 like i would say 2022 was my biggest period for option,
but I pick it up again.
So I tried in 2023 to automate a system with option
and I failed so bad.
Market making and option,
it was bad, like really fucking bad.
And I picked it up recently, yeah,
because I was talking with Professor Satoshi about option again.
And yeah, but even before I was picking up because the last two year option became kind of big on Robinhood and on traditional market. It was a ridiculous amount of volume people was trading on zero day to expire.
So I was like, I need to pick backup option because if those that generate came in crypto,
I need to make sure I have more experience than them and I have a good automated system to
determine is that a good price? Is that a bad it's a chance it's gonna eat and some other stuff
but i'm not gonna describe those other stuff because it's it's more personal stuff yeah
yeah options are really they're much more um i wouldn't say complicated they're just there's
just a lot more going to it it's not just price and that's it.
Like I remember when I started trading options,
there were periods where I had a couple of options
that the Tether was just so heavy.
And I just couldn't understand.
The price was going up, you know, going towards my direction,
but I'm just still break even.
And I'm like, what the fuck?
And then I realized that, you know,
I really fucked up with just choosing really expensive options.
To me, option is hard,
but there is a lot of stuff in Perpetual which is way more hard.
So if you want to trade option by end,
you have way more chance to do so successfully
than automating, funding, harvesting,
a good cash and carry with 10x leverage, for example.
So if you cash and carry future year.
Arbitrage cross-section also is extremely challenging.
Subchain is hard, but perpetual,
depending on what you do can be
way more hard. It just, yes, if you do as a trader a long short and you see it as a
directional thing, yeah it's easy but then after perpetual are very talented
individual and desk, very smart guys with crazy good algo. So yeah, it can become complex after if you push more.
But yeah, option is also at the end of the day.
It's more than free to understand the base.
You need some time and most of people are not willing to take that time
because in Perpetual you just slap an EMA on your chart and be like,
yeah, that's a good point going on that
direction you know yeah do you uh do you find yourself often trading options uh nakedly or
yeah do you usually cover somehow no no for example if there is some event like fomc and
i look at option and i'm like, that sounds like a bit under price.
Most of the time, I'm just going to gamble a bit.
But I rather call it a gamble than a profitable trade.
And when it's paid, it's pretty nicely.
You know, that's the thing also with options.
When you're right, you have a proper pay versus perpetual.
It's a very linear pay, right right you win how much you put in
literally and that's the limit of it yeah because uh in options you're trading the volatility and
the expectation of price basically so you know a big pump will probably a big pump will pump the
option way more because people will start thinking oh that's that's it it's a new paradigm
up only you know whatever i mean it's also because the people who are going to sell you
the options they need to cover so most of the time if there is size to cover it's gonna pump the underlying price and your option gonna profit more for from it but
yeah do you also write options never i am aware how it's worked because i've talked to some market
making desk about it and i was like i asked them can you explain me more or less how the model work of pricing and they show me and
i was like yep that's enough for me we're gonna see it's really it like you said it's uh you know
when the price pumps and people suddenly need to start covering and stuff like that that's exactly
the risk of writing options that if you like if you buy an option and you up you know
your premium is gone but It is what it is.
You know what you risked.
When you're writing options, it can really hurt you badly.
I think the more you're going to be wrong, the more you're going to have to cover.
It's not only you lost the money you own to somebody.
It's actually you're losing also Bitcoin value, for example.
Or you're winning Bitcoin value,
but maybe you were short on the other.
Since option, so mainly for a coin margin option,
it's very dynamic and complex pricing
because it's not only the price of Bitcoin would change,
it's the fact at the same time,
the value of you having one Bitcoin on that
option changing. So yeah, that's a bit more complex, but I don't think it's only because
it's kind of margin. I think most of options are quite basic. You just need like, you take
one day to read a good book about it or even Investopedia. That's the first place I read about adoption.
It's a website to explain a lot of traditional finance stuff.
You get the idea, you know, and after then you just talk to people like I remember
two or three years ago, I was literally in Marty DM asking him how to do.
I want to do that.
So I think I think Ethereum was like 1K and I told him,
I think Ethereum gonna be between this date
and this date at 1700, right?
And he told me you do that spread
and I look at the spread on the Deribit visualizer,
you can have an option, a tool to simulate.
And yes, that was good, you know.
What's important with option is make sure
you're around smart people who gonna take time
to explain to you, right?
Because they already gone through those questions
and how it's working.
Yeah, having a good community around you is massive.
Like with every single thing I do,
especially in crypto where it's so diverse and
there's so many different uh you know spaces let's call it in the cryptos in the crypto space itself
um you know meme coins on chain perps you know airdrops stuff like that um i really don't think
i would be like and i and i was also the same dming Marty about like, hey, I think this is going to happen. How do I cash in on this?
You know, it's super valuable, super valuable.
And just a small advice to the listeners, even if you don't think the person is your friend and he has like, I don't know, like a couple thousand followers or whatever.
a couple thousand followers or whatever um if you'll dm them a question 99 of people will
answer it with like a very meaningful thought you know what i mean um so like never be afraid of
like dming the person you think might be able to help you and just ask for advice most most like
i know it doesn't look that way but most people on crypto twitter are actually really nice
for me i take time to answer it jim because they saturate that aspect to be honest but
sometimes i see some interesting questions it just when the question can be answered by google
you can be sure i will never answer that because that's yeah
or it's like those people that DM you daily DM you like hey
so you ignore it to one of your tweets and they reply to one of your teeth like
dude I DM you why are you not answering oh dude fucking ask me a question I'm
okay do you know how many people I have saying hey like yes just hi and you'll be
like bro I'm I'm literally not to even answer if you just say hi.
Like, ask your fucking question or what you want.
I fucking hate when people do that.
That's terrible.
When people call me Marusha, I tend to be like, yeah, you don't even follow me.
You don't know shit.
Because everybody calls me Maru on timeline.
Aside Maru hates the fact everybody calls me Maru. So you say, no, you're me maru on timeline aside maru who hates the fact
everybody called me maru so you say no you're not maru you're marusha right
yeah um but so what are your thoughts about the markets right now like you said earlier that your
plan is to probably be less active and let your plays play. Do you think that this range reclaim is 100%?
Do you think we're going to have any more nice dips, stuff like that?
Do you have any plan mapped out for the next couple of weeks?
Not really, to be honest.
I'm just going to let my spot ride.
I don't have that much future position at the moment
i have some cash and carry i have some option but i have some option on ethereum
i took profit on the bitcoin one
and now i have no plan like i tried the beach this weekend actually because I think I've tweeted about it. I've said, hey, is this weekend a Pengu World and
virtual, I think the three of them were fairly strong. I guess they did a return of 50% over the weekend.
So I'm still looking at what happened. It just I don't really need to
do that much.
Like if there is something which is strong, I'm just gonna long it.
And if I see something which is likely to have a big unlock
or something which is overvaluated,
I'm gonna short it.
Like I've tweeted early on,
but I say as a main urge to short whatever
above one billion FGV, right?
Yeah.
That's literally it.
But yeah, you you know it just the more time goes the more I
go a bit more into the asaka style which is there is some flavor of the day not only as
I kind of what is a lot like that also whatever flavor of the day you take it if it's work most
of the time it will work you happy if it doesn't work it's
whatever you call it a day and you don't really need to force play because we still having a lot
of uncertainty at the moment i got the thing with trump around you it's way more hard to
yeah and everything can change in a minute.
Yeah, exactly. You can snap finger, you know, like, I don't know, maybe
he didn't get his dick set properly yesterday. So you're going to be in bad mood
and say, China, China, China, China stealing more money, you know,
and market going to take like 10% percent.
So I think it's those type of moment
where you want to focus on the reactive to stuff,
but not trying to predict them.
And it's working the best for me since crum this way.
Like when there is something I take it at face value
and I'm reacting to it,
but I don't try to place the hero
and predict stuff in front right i'd rather be
late than twerdy and wrong because when i'm late i'm sure i'm right already because i'm just
following the market gave me exactly it's like that video i posted uh earlier today um and it's
a video that someone replied to my uh good morning tweet the quote of Rambo from Bears vs. Bulls
where he said that the market is like a comet
you just see the tail of it
and you never really know where the comet is actually at
but you see the trail it leaves behind
so as a trader you just try to jump on that tail
and just stay on it as long as it's there.
Isn't the dude who open his PC and he say,
oh, I fucking hate this job.
No, I'm kidding.
I love that dude.
I love that dude.
He's amazing.
Do you know that he actually,
he started trading on his own with his own money
back in the States with like a 50 000
account or something like that and then when he moved to australia he started trading there in
the stock exchange and at some point he was doing like 25 of the whole stock market in australia in
volume which is which is insane and all of it is with his own money yeah i mean he grew a lot but i mean the way
talk if he applied to trading you can kind of realize it is good you know like the way he
said himself i don't really care about most of the it just sometimes i have some stuff
there i don't even know what they're doing there, but because it could give me money, I just do it, right?
And that's the right mentality when you trade.
You don't care about the project.
I do personally less than before.
That's why I started trading Solana recently, but you just want more money.
That's all.
You don't care about the project.
Some people, even if that's buying and
selling nuclear bombs they will do it and they probably outperform this because they don't
really care about whatever it is yeah exactly like let's be honest half of the time when we're
trading something and it's like some new token the super volatile date binance just listed it
that just listed the dexes are listing it
like nobody really knows what it is
like dude i i learned just two
years ago i learned what is the differences
between l1 l2
and all the other things i i had
no clue what the differences are
um then i i
couldn't care less you know for me
it's all all the same pretty much
i mean for me, it's all the same pretty much. I mean, for me, I already knew because I came from network computing.
So we are already aware of how you scale a network, for example, via a different layer.
But if I wasn't from network computing, I would probably have no clue also.
Yeah, like people, I remember I was trading something,
a friend of mine asked me like, oh, is that new like chain thing?
And I was like, yeah, he's like, oh, is it a layer one or layer two?
And I was like, I don't have no fucking idea.
I don't know, it's money.
That's what I know is that I'm up like 10K on it, you know,
that's all I care about.
So you mentioned Solana and in the last couple of days we've seen a lot of altcoins starting to you know kind of wake up and having nice moves up
i mean considering they're down so badly it makes sense um but do you think um we will see bitcoin
dominance um you know at some point reversing?
Considering now that we have Sailor buying so much,
we have all the ETFs, we have Bitcoin options,
do you think this is some kind of a super cycle
for Bitcoin dominance?
Or do you think that eventually we will see a run
for altcoins, ETHBbtc bottoming whatever it is
uh so for me our coins the only way they pump is having retired people like suzu doc one sbf
most of people are not gonna have an incentive to buy your sheet kind simple as the fact that they know they try to extract value out of you, right?
Because most of the time there is a lot of VC.
So that's possible Alcoin recover.
But I think we need either retarded people like once again, Suzu and Dokwon SBF.
Or we need the fed to print again because if we print again the discussion we just got doesn't
make sense because people can borrow money for a no cost basically they have incentive to just throw
money at whatever coming through right so yeah it's really depend what that direction take and you know me I'm a Bitcoin
maximalist so at the end of the day I'm gonna answer Bitcoin still gonna go up because people
realize value proposal behind it and even if sailor foresees it's whatever there is still this
value of how we're gonna replace a word where the dollar is losing more and more value
and inflation is out of control.
But yeah, I mean, if Fed printing, I can see a reason why
everybody would ape altcoin.
But the thing is there is a lot of bad tokenomics out there.
I know it's not popular anymore to look at tokenomics.
It was more a 2020 cycle stuff.
But you should take time to read tokenomics.
You realize how bad you get fucked most of the time.
You'll be like, how much does motherfuckers keep for themselves?
You're just creating another fork who doesn't provide an interesting unique value.
And you want to extract 30% 40% out of this that's a bit criminal you know right so yeah effect printing are going good still I think yeah that's the
best case for altcoin is stimulus dropping from the sky and retail getting back to getting slaughtered
by Ventura Capital once again.
Yeah.
So basically, just when we have, like,
really good monetary times,
it will probably move.
Yeah.
Yeah, because it's penny stock, right?
So everybody have an incentive, you know,
one Solana and a dream type shit.
No. It's actually insane.
I'm looking at the Bitcoin dominance chart right now.
And to those who listen and don't know how to look at it,
you can just, in trading view, just type BTC.D.
And it's insanely strong.
Like, we're back to 2020 levels.
Yeah, don't look at itarian bitcoin chart well
hbtc is basically the inverse of bitcoin dominance chart um it's wild we're we're so close to making
new lows from 2019 which is insane yeah yeah part of the like i have a bunch of eth you know um but i
don't really like i'm back holding this that at this point like i i added to it i removed i added
i removed a bunch of times when i wanted to like give uh ebts a chance um but yeah it's just it just looks sad
yeah i mean the people like to trash talk ethereum but most of our coin look exactly the same
xrp before the cycle looking the same literally like there is only solana and bnb which were on their own but even
solana even without ftx i think it will have backed it up to 30 during the low of their market
because of ftx gone from 30 to 9 right but there is only few steps which are strong and most of them there is a very questionable VC or crime behind it such as BNB, TRX, Solana, Monero.
It did some low, it did some high, but it's all better than most of all, to be honest like if you if you take the list of all tokens on binance peripetual and you put on
one day on trading view you max uh scroll out you're gonna see how terrible it's just like
it's really really bad most of them they are dead
yeah unfortunately but uh it is what it is i I mean, besides Monero is pretty simple.
You mentioned it.
And it's like, I legit, I just thought about it the last time I saw it,
like the hack we've had.
I was like saying like, dude, every single time we see a big hack happening,
just long Monero.
Just long that and wait until the hacker starts laundering the money.
wait until the hacker starts laundering the money yeah but i mean that's good because that's the
Yeah.
proof monero still have this base case of you can do shit about it it's an absolute and it's gonna
still exist right for bitcoin it's lost the bids its value over the last year so i don't see myself
for me bitcoin is good as a monetary proposal but not
anymore as what it was before which was a peer-to-peer decentralized asset right when i
still have that not bitcoin at the moment i don't think so personally and that's painful
to say because i'm a bitcoin maxi literally so yeah i mean what's good about bitcoin and the reason i personally
always have a bitcoin stack that i'm holding um is just because it's pure you know it's just simple
it has a one single purpose it has this og tag on it the first that started everything um you know
and and this is something that will give it massive value regardless of like what do we see it as.
And that's why actually like even though I love Udi and all the teams that are behind a lot of big things happening on Bitcoin right now, such as like the ordinals and stuff like that.
A lot of people behind it are really smart and people I respect.
But when I started seeing that, I really didn't like it.
You know, I was like saying, dude, let's just leave
Bitcoin as Bitcoin
let's not try to do Bitcoin
DeFi, nobody wants it
nobody needs it, let's just leave it
we have ETH for it
exactly
we have ETH, Ethereum
Binance, Smart Chain
we have a lot
of different L2 to do that.
But I mean, Bitcoin still have this good use case,
which is I can literally put a code inside my PC,
fly your country and my capital gonna be
on this new country without tax.
I know most of people don't like when I use this argument,
but that's a real argument, right?
tax evasion and
freedom of just move out to somewhere else is a part of what make Bitcoin attractive because
I'm not forced to declare that I have those Bitcoin like
literally to be honest. If I want I can declare I have this capital but it's not regulated such as something
which is defended like if i lose my wallet do you refund me if not that's not regulated you have no
insurance you don't provide me something as a government i don't have to declare it it's simple
as that there you go guys if you're flying somewhere just carry btc
um well the last thing i wanted to discuss with you is um and then we can go over the questions
just a reminder to everyone listening if you have any questions click on the bottom right corner
the chat box icon and leave the questions um earlier this week uh we had hyper liquid launching their new feet years and the
feast taking stuff VIP levels whatever you want to call it and it really pissed
you off right so I wanted to I wanted to discuss that a little bit I you want
some fucking drama, you little shit?
You basically were tweeting about how you felt this is kind of making Hyperliquid be
more like all the centralized exchanges that it's trying to battle and stuff like that.
Yeah, so basically, Hyperliquid is perfect.
I'm not gonna lie on this.
I can come slam a 10 million buy order on Bitcoin.
I'm barely going to move the order book so far as that prop to them.
You know what an IME is they change not perpetual.
Perpetual is the difference is so little, but on spot, they change a lot.
The fee you're going to pay for access, especially for retail, which
trigger me a bit that they keep the same way as centralized exchange.
But centralized exchange, they have 1000 employees, right?
Like if you look at Binance, the number of people working there is ridiculous.
I can understand that for such a service.
And since you're dealing with regulation, you're going to ask me such a high price.
I feel like Hyperliquid will do so.
I'm not going to blame them for doing so, but it's more general stuff I have about Hyperliquid right now,
where I know a lot of people are going to build on Hyperliquid.
And I know a lot of people are going to build on Hyperliquid and I've talked to a lot of
those team as advisor because I mean, I was literally not that far away, if not in the
top 10 of Hyperliquid farmer.
And I feel like a lot of people, they just exist to grift behind Jeff name.
So I love Hyperliquid team.
I really love them and I respect them whatever happened even
during jelly I was the only one on timeline defending them while all the other they didn't
say shit when we needed them right and now that price 2x does fucking pussy wake up somewhat it
does that a lot of people are gonna grift using hyperliquid name for me
if you don't buy back with 50 of your profit hype token you grifting because that's what we define
it such as a ifn we say a part of the revenue going back to hyperliquid right let's make it good
let's make it there is a natural incentive for everybody towards
this token outside of staking now you have staking but realistically also if you stay
you're kind of retarded because aside if you do aside if you have a capital of i think
gian run it's a mat it was one to ten million you have no incentive to go above wood literally but i just
i'm not mad at superior liquid i'm mad with the people around them we're gonna use them as a grift
so that's why i just be i i just was honest about it like Like, I'm not going to talk about it publicly anymore.
I still love them.
I still have the back when they need somebody to defend them.
I was there with no doubt why everybody pulled it out like a person.
But now it's my time to, yeah, you know, bye bye.
I've did my best when you need me, even volume wise.
And now I'm moving on to something
else because I don't want to be around those grifters we're gonna use Jeff's name and hard
work to extract value yeah you know I mean my only reaction to the whole like new fee structure and
stuff like that was that you know I was just looking at their fees and it just reminded me how very few venues
nowadays actually give you back maker rebates, right?
Which is, I remember me, you,
and everyone like that was trading like a couple of years ago,
all of us used to move from venue to venue just to get those rebates because
it's such a massive effect on your P&L.
I'm sure that it's actually something that because so many people on CT don't pay taxes and they don't do any accounting and stuff like that, they don't realize how much fees you're paying every year.
Every single year when I'm doing my accounting, I look at my expenses and I'm like, wow.
It's always a shocker.
And it really just sucks that no place is focusing on it.
And I will shill that when talking to the team about when we were just doing the rebrand from idx to kuma and building this new
exchange i told the team to do everything they can to make sure that we you know and the team
also was talking about how we have to make sure we have rebates um and they really want to focus on it
um so so we do have rebates we have maker uh rebates um do you think it'll ever come back?
Or do you think it's something that, you know, that's it?
No, no, no, no, it will not come back.
People realize like,
actually, let me reformulate
because that's some private stuff.
Some group realized as a market maker
that you could leverage that, you say to an exchange, you pay to rebate to me and I'm going to make sure your exchange is more liquid.
They're going to provide some taker when they puke the toxic flow, right?
So it gives you the feeling of those candles moving even if they don't move that much, because at the end of the day,
that's a taker who make moves the price of a candle,
not a maker.
A maker defines a band in which a price
is gonna be between bid and ask.
But you know, I think market maker understood this business
and they were like,
I don't mind making your exchange more liquid.
In exchange, you're paying only thoses rebate to me aka zero to
ten percent of the volume of the action right ten is a bit too much but zero to five percent i will
say and i will give you to us make a rebate again a definite comeback yeah probably i mean nowadays
then we'll come back.
Yeah, probably.
I mean, nowadays, exchanges just basically shit on their traders.
Nobody cares.
Yeah.
But the good part is now you got airdrop.
So for me, the way I see airdrop,
and I think that's why I catch on Hyperliquid way more early than other people,
it's I knew since it was early on the number of fee i will pay
was an amount of point i will receive i didn't see it initially such as my volume is the number
of points i will receive but more is the number of fee i'm gonna pay if i'm early on enough i
know it's gonna be refund via a token that That's how I see AeroDrop.
And I think that's a model we're going to be pushed more and more over a year.
Instead of saying we need volume, we're going to say we need taker, we need fee,
because thanks to that, we're going to leverage raising us to a new high as an
exchange and then you can distribute a part of those revenue and fee as an underlying token, right?
I think a lot of people are going to use this model over time because it makes sense.
Not for a VC because VC likes to rift, but as an exchange, yeah, I can see why it's valuable to things that way.
Yeah, 100%.
Well, I don't have any other questions to you,
any topics I want to discuss.
Before we, we actually have one guy in the comments,
John Sagama, asking,
Marusha, do you have any good options book recommendations?
Can be technical.
Wait, what?
What was the question?
Any good option, books, recommendations?
Yes, the best of all is Sinclair volatility,
because it's going to allow you to understand the structure
of how options work and how volatility work.
That's kind of the most important like first of all you
want to learn an option how it's work but you want also at the same time understand how people price
volatility because at the end of the day volatility is a change of price right so that's what you want to price not the
price by himself that's a bit where it's said this way but just in clarity and I
know Marty recommended other book also I tried to find because I know Let me check.
I tried to find because I know Marty back in the day.
So it was trading volatility by volatility trading by which one?
Actually, it wasn't't even Sinclair.
Sinclair does a book with called volatility trading.
Yeah, but I think there is two of them.
There is one by Sinclair and there is another one
by somebody else.
But yes, this one is a good start.
I tried to find back.
I think market structure also help a lot in terms of how you understand option so you have trading exchange uh trading and exchange market microstructure
by larry aris it's a bit technical this one way more technical actually because it's go
a bit deeper in some concept but yeah so trading volatility and then trading and exchange market me cross structure for practitioner.
So with the both of them, you already have a very solid base for starting option.
And Investopedia also.
So that's a website, Investopedia.
I use them most of the time.
You just go there and you can search some definitions.
So Investopedia Delta for
example and what is Delta in derivative trading and how does it work right you
just type some term best opinion you're gonna find a lot of information same if
I type data data what it's in option trading with example, et cetera, et cetera.
So yeah, Investopedia, a really good base also
to have little article about stuff
you maybe don't understand.
And feel free also to use ChatGPT, I'm gonna say,
to be honest, once you understand enough the base,
ask yourself some question and ask
ChatGPT if that's dumb or not. And since you have enough base experience of it, you
can know if it's bullshit or not. The issue of that is sometimes EA, they
hallucinate a lot, which is annoying. But if you have enough enough base knowledge your brain can know if that's
bullshit or not right so yeah don't forget to use modern tools such as ea i use them a lot actually
when i run some mass sometimes yeah it's fantastic there's there's so much hay about ai like people
just saying oh it's it will like you know all the angry people it will, like, you know, all the angry people, it will replace people, how you can support it, whatever.
And, like, I don't know, it's just great.
It's fantastic.
Like, every single time I have an issue
finding some information or, like, you know,
getting something through my mind,
I just use ChatGPT or, like, Perplexity,
and it's fantastic.
Yeah, DeepSeq also very good.
DeepSeq and Cloud and OpenAI, there's three of them
I use a lot.
DeepSeq way more recently, it's very good, actually.
It's very, very good, especially with mass,
when I want to push some code with mass and double check,
I use DeepSeync actually there you go
I haven't tried it yet
alright we've been live for an hour
now and I don't really
have any other topic do you want to add anything
else Marisha
I'm not sure but I'm retarded
so that doesn't help
well there you go I'm not sure, but I'm retarded, so that doesn't help.
Well, there you go.
Well, that's pretty much it.
Let's see, wait, somebody added.
Somebody added another question.
BroinVistopedia.
Yeah, Invispedia is fantastic.
It's really good.
It's really good for definitions and stuff like that.
It's really great.
Sometimes I use it middle call.
Sometimes I'm on professional call and they use some term I don't know.
And most of the time it's bringing me back to Investopedia
where I tap what is blah, blah, blah and Investopedia stuff.
And I read on the middle where I try to figure out
what the fuck is a conversation about.
Yeah.
I mean, yeah, it's a very basic tool to use.
Like in Vistapedia
is where we all first found out
about what is Pips
and like, you know,
and stuff like that.
It is a fantastic tool.
Like, don't underestimate it.
It's something good to use.
If you want to be professional at something,
you just need to understand the base
and then it's how your brain
is going to think about stuff
because if every time
the solution is given to you,
you're never going to progress, right?
So yeah, just figure out the base
and let your brain ask some questions.
Try to solve them.
If you cannot solve them, use some tools, read some books, etc.
But that's a lot of how we learn when we are not anymore in school, right?
There is not anymore a teacher backing your ass.
So it's up to us as an agile to ask ourselves the right question and try to solve them that's why
we did go to school also right so we can learn how to solve stuff yeah exactly well it is what
it is some people uh are lazy to solve their issues find solutions um well marusha thank you
so much for coming, man.
I really appreciate it.
And to anyone who missed it, by the way,
we have a full-on episode with Maru.
So if you go to YouTube, Spotify, whatever,
and you look up Marusha,
you'll probably find our recordings with Maru there.
So make sure to check that out.
I'm actually not sure if we have it both on Spotify and
on YouTube, but I'm pretty sure we have
it on YouTube. So check that
out. You know, Maru, I think
I'm pretty sure you were
my first guest when we just
started this space.
Yeah.
I remember you was like,
say I'm starting something, can you
come? And I was like, yeah, sure, whatever.
It's always my pleasure.
Yeah, dude, there we go.
Yeah, it's always
good when it's friend.
You just enjoy way more
when it's friend and it's just
a conversation around
the sofa, drinking some beer,
playing Call of Duty Zombie,
you know, type shit.
Yep, just having fun with, type shit. Yep.
Just having fun with the homies.
Exactly.
Well, before we end the show, thank you
to all the audience for joining us as well.
If you did miss
the show and join in the middle,
if you didn't hear something
or whatever, a recording
will be available the moment this episode
ends and notes will be available the moment this episode ends and
notes will be available on my profile
on Monday. So make
sure to check that out.
Marusha, thank you so much for coming, mate.
If you guys don't follow Maru,
make sure to check his profile, give him
a follow. You'll have both tweets about
markets and you'll have
a lot of anime hentai.
So, you know, that's always good right now literally
you'll be like yeah you know it's whatever it's my friend i'm not gonna warn you about all the
retarded stuff just do it there you go um and again mate thank you so much for coming yeah and before we end the show a
couple of extra shout outs and announcements uh first of all thank you to kuma for hosting these
spaces um and we are now live on bear chain if you want to give us a shot go to my profile there's
a link in the bio for 10 off of fees you can trade majors with up to 50x leverage and altcoins with 20x leverage.
And we're currently giving out a weekly prize of over $25,000.
So make sure to take a cut of that.
And on top of that, we have a weekly raffle of 1,000 BGT, which is the bearout chain emission tokens, to a trader.
So everyone who trades on the platform gets a raffle ticket.
And the more volume you do, the more tickets and the more chances you have to win this prize.
And two more extra things.
We are now back on the Omni chain.
You can deposit Takuma from your top EVMs, L2s, whatever you want.
You can just use Ethereum or anything else you want.
So yeah, you can just instantly migrate into Kuma very, very fast and easily.
Don't need to go bridge to bear chain and stuff like that.
So yeah, much easier to give it a shot.
And before we finish off this episode the kumanian
kuma kumaniacs i'm always having issues with that word the kumaniacs nft collection we already mint
i think it's minted out like 85 or something by that by this time of the supplies minted out uh
this is a free nft uh you don't have to it's free. It doesn't cost any money. You just pay the gas and that's it.
But it's really cool.
The team has been working a lot into it.
Just making it out of love and fun.
There's going to be the perk reveals is going to happen on May the 12th.
So if you want to grab an NFT for yourself for free, no need to pay for anything.
You can go to Kumauma profile and check that out
and figure out how to do that on the kuma profile itself um and yeah that's pretty much it for me give kuma a try if you want to if you don't want to you don't have to if you want to support me
you can go to my profile click on the link in the bio make uh over 30 over 3000 cash back on your
fees and yeah that's it see you guys next week on the next show maru thank you so much for over 3,000% cash back on your fees.
And yeah, that's it.
See you guys next week on the next show.
Maru, thank you so much for coming.
And it's been a pleasure as always.
Thank you for having me.
It's way too much in my room with a true PC.
All right, guys. See you next week.
And thanks for coming.
Bye-bye.
