The bull run resumes? - Rekt Radio Ep. 60 ft. Trader Mayne!

Recorded: Jan. 31, 2024 Duration: 1:03:18

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Oh, hey, hello there.
We almost got away with one hour of smooth jazz.
That really was smooth.
I don't really know where we've gone with the music.
I lost track of time for a bit there.
I was doing good.
I don't know.
I mean, yeah, here we are.
Episode 60, we're back with Trader Maine.
He was one of the first, maybe the second person
we had on the show back in the day.
Yeah, I think second.
I think second.
He said Maine's getting double audio.
It says in the green room.
I don't know.
Are we good there?
Can you hear us, man?
I can hear you, but I'm hearing myself.
Do you have a tab open or something?
This isn't technical difficulties on us, is you?
Just make that known.
We don't want to take it.
Tanya, is you all right?
We take a lot of shit for technical difficulties.
I had to close the tab.
I had to close the tab.
Yeah, you had to close the tab.
All right, so that wasn't us.
That was not us.
We got Ovi, who's going to talk about our sponsor.
He's drinking a warm whiskey and Coke with no fucking ice.
That is rogue.
That is just a rogue drink.
We're just discussing these serious.
Hey, guys.
What am I doing?
The roll bit bit.
No, the roll bit.
I'm sorry.
That warm whiskey is hitting hard.
What am I doing?
What am I doing?
What is life?
Yeah, hey, guys.
As you know, the show is sponsored by Rollbit.
So make sure you guys check out rollbit.com for basically
everything crypto these days.
We've got two codes to give away.
The first code is TraderMaine512.
TraderMaine512 will have a second code
to give away at the end of the show.
And we will do the loot box spins at the end as well.
So definitely stick around for that.
Yeah, that's it.
Yeah, and you can watch us on Twitter Live, YouTube probably.
I'm not actually sure.
Every week, I don't really know where we're streaming this.
But probably a lot of places, a lot of really cool places.
Maine has a big YouTube presence.
We know that.
So it'd be a good synergy if we were there.
I'm not really sure.
Anyway, what's good, Maine?
Not much, man.
Surviving, recovering from a bit of a Mexican illness
that has been running its course.
How do you think you're sure it was Mexican?
In which area?
I'm pretty sure.
I bought it directly from the pharmacy there.
So it's definitely in country.
But no, man.
I mean, listen, it's been good.
It's hard to believe it's been over a year
since we last did this.
And basically, we're at the stone bottom.
FTX had stolen all my money.
And here we are now.
FTX is giving it all back.
That's actually crazy.
Yeah, you were a big debtor or creditor.
I don't fucking know.
I'm not an accountant.
But you're on the wrong side of the book on the FTX scandal
for a fucking lot.
And now, today, we got news that FTX claims might probably
be paid in whole.
100%, I mean, I think people who are holding crypto
will be disappointed that they're getting paid back,
obviously, in dollars, not in the crypto equivalent
of whatever they had.
But I think that was to be expected.
Anyone expecting them to be like, hey, I want Bitcoin.
But I now want it at $45K, not at $15K.
We're delusional.
But hey, I mean, I never sold my claim.
I was considering it.
I've been having conversations about it.
But now, it's like, I'm going to get back 100%.
It's kind of like, do I just wait it out until they finally
ship it back?
Obviously, what's the other option?
Sell it now, $0.99?
Well, you can sell it and get it sooner.
Yeah, right now.
But either way, it's not going to work.
I think you should keep it right,
because they have a bunch of stuff
they haven't liquidated yet.
I think you already, they could actually hit a home run.
They own an AI company.
They own a few other things where they could be like,
you could end up keep on being paid by FTX
like many years as a creditor.
Yeah, the only reason to sell, I think, is time value of money.
You want the money now, and you want
to roll it directly into crypto because you're
an absolute degenerate gambler.
Or you know, so we'll see.
I mean, I was going to buy a house.
That was kind of my plan.
I was like, I'm going to sell this claim.
I've already written the money off mentally.
I'm just going to buy a house with it.
And the money's still going, but now I have a house.
Florida, baby, let's go.
Wow, look at that.
I think get it on Florida.
That's quite a snowbird move.
I think it's got to be done, man.
I got to go join all the retired Jews down there.
Your people, your people, I love it.
My people.
So we've had a bit of a come up since the FTX crash days.
I mean, the market's kind of fluctuating up and down here
in this little range since the ETF in the Jup airdrop today.
And maybe we could talk a little bit
about the current state of affairs in the markets
and how you feel about it.
Yeah, I mean, I think, listen, we've
been going up for a year, right?
I think a lot of people who are been sticking it out.
To me, this hasn't really been like,
this hasn't felt like a bear market,
like people like the bear markets ending or whatever.
I feel like we've been in a bull market since FTX, basically.
I mean, we're up 100% plus, 150% on Bitcoin,
150% on Ethereum, up way more on things like Solana and Avax
There's been a ton of money to be made over the last year.
And I think it's setting up for a very exciting 2024.
To me, crypto, we obviously have the halving coming up as well.
So I think just from a macro scale,
seems pretty fucking good, obviously,
with the ETF approval now kind of out of the way.
Now we have the Ethereum ETF to be reminded of every day
until that eventually happens.
It all seems good.
I think if you're a crypto bull and you're kind of a holder
and you're a long-term kind of player,
everything seems good.
I think on the short term, I'm not 100% sure
that the low of this pullback is in yet.
But I mean, it's been an awesome year
based on where we were when we did this episode last time
I don't think a lot of people would have predicted
we'd be trading near 50K with an ETF approved
and all the other fun stuff that's happened.
So hard to be upset if you've been bullish on crypto.
So are you calling the end?
Are you calling the end of this?
What is this?
Was this a victory speech or what is this?
No, I mean, I think, listen, every time we've had a halving,
we've made an all-time high after.
So I mean, history would say that we're
going to make an all-time high again.
Maybe this year, maybe 2025, which I think is fantastic.
I think I do think the way that things work
are going to change with things like ETFs getting involved.
I personally am of the mindset that the ETF probably
leads us to start trading more and more
like a traditional asset, at least Bitcoin,
and then potentially Ethereum.
So things like when the market's open
will become more important, session timing.
Maybe we won't get as crazy volatility on the weekends
and things like that anymore.
I mean, this sounds fucking great
because you know what sucks?
Staying up all night, trading here.
Yeah, dude, I live on the West Coast.
I live in the worst time zone for trading,
not to mention when the market doesn't close.
It's horrible.
But no, I mean, I think it's going to be a good year.
I think the only thing I'm bearish on potentially
short term is I wouldn't be surprised
if we see another wipeout sub 40k before continuing up.
But that could be wrong, obviously.
I mean, we'll see.
I think people have already started
to ignore the whole GBTC outflows, ETF inflows.
I think that was the topic of conversation for like a week.
And now no one really gives a shit.
Now we're talking about the juke airdrop
and the Ethereum ETF.
So yeah, no, I mean, I think it's going to be a good year.
I think short term, I think sideways, maybe
a little bit more down, long term, up and to the right.
What's your play here?
Are you trying to time the short term moves
and catch up at the right time or just?
Nothing like I used to.
I mean, I definitely, my nuts got clipped on FTX.
I don't have the confidence in centralized exchanges
to keep the amount of money I used to keep on there.
And therefore, trade the size I used to trade.
I'm trading 10% of the size I used
to trade on some of these moves.
And it's frustrating when I nailed them.
And I'm like, oh, that 20k used to be 200k.
That would have been pretty sweet.
But anything I'm doing on the trading front, to me,
is short term.
I'm looking to buy more spot bags on any sort
of significant correction, if given.
I also think it's funny.
People are always asking me in Discord and YouTube,
what altcoins, blah, blah.
I'm a boomer.
I've been in this game long enough.
And I have enough money that if Bitcoin goes to 150k, which
would be phenomenal, I think if Bitcoin went to 150k,
it's like I won't be stoked.
And Ethereum went to 10k.
Everyone would be extremely excited.
I would make enough money that it is significant.
But if you're trading a five figure portfolio,
Ethereum going 5x from here is not probably your meal ticket
that you're looking for, Bitcoin doing a 3 or 4x from here.
So the stuff that I'm generally doing
is probably not applicable to, I think,
a lot of maybe newer entrants into the crypto space.
Y'all got to be doing the stuff that people like Ansem
and these people who are grinding airdrops
and trading Solana shitcoins and finding those new narratives
and those new coins.
That's the way you're going to turn five or six figures
into seven or eight figures.
You're not going to do it kind of holding the old guard
anymore, unfortunately, unless you're dealing
with a pretty big stack already.
Seems like the airdrop play has been the best one
in the last two or three months.
People have just crushed it on Solana
and all this other stuff.
I don't know about now, because I
feel like I was late to that game and I looked at stuff
and it's just like, oh, I just missed this
and I missed that.
You look at the effort to find these airdrops.
It's like, man, I just can't be bothered to fucking set up
all these wallets and do these trades and stuff.
I think you get zero dollars.
I mean, if you're playing in low states, it's worth it.
But if you're playing with more money, then it's just like.
Sisyphus does it, right?
He has like 1,000 different wallets.
He just has his bots to do them all at the same time.
Listen, I'm not nearly autistic enough to do that.
And I'm blessed that I got in this game early enough
that I was rewarded with time in the market to do well,
as opposed to because there's a ton of people who are out
working the shit out of me.
And I know it.
And it's I just I just I can't bring myself to being like,
I'm going to try and farm.
It just doesn't seem like a good use of my time.
I'm probably wrong.
I know a bunch of people who got five figures dropped
into their wallet this morning.
I'm just like, it's just not my game.
I do think there is so many ways to make money in crypto these days.
It's not like it used to be where you just buy and sell
and you just trade and you hold or whatever,
that it can almost be overwhelming.
And you can kind of fall to like paralysis by analysis,
whatever you want to call it, where there's you're like,
I'm not farming these air drops.
I'm not also in telegrams figuring out what the new soul
shitter is and I'm not investing and punting in 50
different deck screen or tabs that I have open.
And then you end up doing nothing.
I think you're much better off figuring out something
that you were good at and that you can actually do
and you can build a process around and focus on that.
Find your edge.
Maybe it's trading.
Maybe it is farming air drops.
Maybe it's spraying and praying in shit coins.
But you don't need to have your hands
as much as people online want you to think
that they are in every single thing.
There's a good chance you'll probably make more money
if you really hone in on one thing that you can do
and you do it very well.
Yeah, I'd have to agree.
That could be NFTs too.
I've seen people crushing these Bitcoin ordinals
and like printing in all different ways.
Crypto really is just like that space
so you can find some weird niche and just, you know,
create money out of thin air for just being there.
And it sounds like you passed that game.
Now you're an old man, lazy man.
You just-
Yeah, like last show you was just completely different.
I remember you were like, yeah, I cut up each day.
I looked for like four R trades every single day.
Now you're just like, I just chill.
I'm spot long.
Like I sometimes move around like 20K.
That's nice.
I mean, when it's time to grind and it's time to trade,
like I still do it and I'm still actively trading.
I mean, also I started a new business.
You know, I'm part of a community in the haven.
I've just, I think I've changed kind of maybe my priorities
a little bit over the last year.
I think it's very easy on Twitter to get caught up
in the influencer like, hey, I'm posting,
I'm helping people.
I want to make sure that I'm getting everyone.
It's like really at the end of the day,
I want to make money for myself.
I don't, I'm not nearly as concerned as I used to be
about making sure that I'm making other people money
as much as I've cared about, you know, am I making money?
Am I enjoying my life?
Like you've got to prioritize yourself first.
I think I was very deep and it kind of culminated for me
to be honest with you with the FTX, you know,
getting hacked is I was so deep into leverage trading
and unhealthy habits with trading with my lifestyle,
with spending money, partying, not sleeping enough,
but I was making a bunch of money so it was okay.
You know, it was a good kind of step back, you know,
and wake up call that like, okay, you know,
this stuff's pretty fickle.
So I've spent the last year to be honest with you,
divesting, not like I'm leaving crypto,
but I want to have, you know,
it's way cooler than being crypto rich,
being rich in the real world.
You know, I can't tell you the amount of times
I've gone out with crypto people and like a bill comes
and they're like, I don't have a visa.
I'm like, aren't you a millionaire?
But yeah, but I don't have a bank account.
It's like, what the fuck?
Does that mean I have to pay
and you're going to send me tether or something?
So I've definitely made a focus over this last year
to diversify, get into some real estate, you know,
start some businesses that pay me, you know, actual dollars
as opposed to just getting paid for stuff in crypto.
And I think that it's been a big weight off my shoulders
just in terms of a sense of security.
Because FTX just showed me how easy it is
that you can lose it,
no matter how confident you are
in the platform you're using, the wallet you have,
your OpSec, whatever, anyone can get hacked,
anyone can get ragged.
So yeah, I don't know.
Things have changed a little bit in the last year for sure.
I think it's good.
I think it's good.
It's good to sleep at night.
I agree with you.
Like I think taking money out is always feels good.
Like there's never a time where taking money out of crypto
and into your bank account doesn't feel good.
Because suddenly it is like, even in the back of your mind,
you're like, oh, fuck, someone's just gonna like,
I'm gonna get hacked.
Or like, no matter how safe you are,
you just know there's always that outside possibility.
Whereas this, you know, it is sometimes it's like,
where we are full boomerang on wrecked radio here right now.
Like, yeah, you should take money out
and put it into a bank account, Kaz.
But I do agree that it is nice.
I think it actually allows you,
I think from my perspective,
it allows me to take way more risk as well.
Like, I know you did that recently, Obi,
like you took some money out and then you just,
you basically just piled everything you had
into a shit coin.
Yeah, I made it here.
And that's the opposite of what you just said.
I just paid my side.
I don't wanna dox his a mouse, but Jesus Christ, Obi.
I think it's just those whiskeys during the day,
they got you.
Yeah, I try not to like drink and trade these days
because I think I've made some good and bad decisions
when doing it.
But it's kind of like just being in a casino,
isn't it really?
Just like put a ton, 50-50 odds,
it either works or it doesn't.
But taking money out to fiat is so underrated.
Even like I took some money out,
I think about three weeks ago,
like right after the ETF.
And like I just paid my taxes today.
For us, like our tax deadline is 31st January in the UK.
And like my taxes turn out to be like about 30 or 40% higher
than they thought they were gonna be,
which is like even more, which is a lot big number
because like we're paying,
I'm paying taxes on like the sales of all those apes
we sold last year right now.
So yeah, so I was like fuck,
I've got to pay this much in tax.
But I was like damn, I'm so glad I took that money out
into fiat four weeks ago
because had I waited until now that entire amount,
like that's been deprecated by the market,
I would have ended up like,
like that's the amount that I've just paid in tax now
that hasn't cost me.
So, but it's just, yeah, I don't know.
I think we're still not having money
that you owe taxes on.
Worse if you're stuck in an NFT than you owe tax
than you're just like, you're in a liquid asset
where you owe tax and you just have to liquidate things
at like levels which are like through bid offer
because there's not a good time being in that position.
You're just flooring shit.
Yeah, sorry, it didn't mean to, it didn't mean to.
Yeah, I've done that before.
I think, yeah, this is now retirement radio, not rec radio.
You guys have really new shirt.
Maybe I need to, I feel like I'm the only one
who still maybe is working on that,
but you know, better days ahead.
We're doing better.
The market's moving around.
Volatility's always good.
Gun high, man, gun high.
It's about taking some money off your sack
and letting it add up a bit.
At least, you know, I did convert a lot of money
in the real world, so that was good.
I do have some positive experience with that.
Is this like a thing with Mando's skin being unusual?
I didn't see anything.
I haven't seen anything in the comments about that.
I haven't seen anything.
I thought you were talking about how moisturized you look.
It has kind of morphed into a thin thing.
I think it like oils up before the show, I'm not sure.
I do not oil up before the show.
I have a moisturizing cream in the morning
and it's some bright lights
and literally every single show for the last five weeks,
I've just gotten destroyed,
like absolutely destroyed in these comments.
So it started early today.
It's now become a bit of a thing on the show.
It's kind of like your neck, you know, it just comes up.
I don't even know what the streams are like for you,
but like, it's just a constant presence at the moment
during our shows.
Well, my best advice is lean into it
because it's not going to stop either way.
Just get excited.
Yeah, I know.
The thing is the neck thing is really funny.
Like I think when you think of oil,
I mean, what sort of things are you going to put yourself into?
Catching some strays.
Her intern is just a non-nice guy.
Wait, can we hear the K story?
Is that like...
Go for that.
I mean, if you want to.
Let's hear it, why not.
I mean, have you guys been to Mexico before?
Yeah, so in Mexico, you can go to a pharmacy
and you can buy a lot of stuff legally.
One of those things is, you know, ketamine.
So it is for animals.
Like it's got a cow and a horse and like a chicken.
But you can buy it at a pharmacy.
You can buy it straight up over the counter at a pharmacy.
Now, you can't just do that ketamine.
It's way too potent.
However, with a little bit of, you know, MacGyvering,
you can dilute it down.
You cooking it?
You can cook it.
You can dilute it with saline, let's say, and a nasal bottle.
And if one was interested in partaking in that,
it could be quite fun.
So, yeah, no, I was down there for a bachelor party.
And, you know, my friends were like, hey, we're safe.
We're not doing drugs from the streets of Mexico.
I'm like, OK, that's good.
We're old now, right?
We're in our 30s.
We're not buying drugs from drug dealers.
But what I wasn't aware of is they were just
going to go buy animal-grade ketamine
and just do that instead.
You know, you're like, oh, cooking.
Yeah, so that was basically my last, you know, four days.
And I'm slowly coming out of the K hole, it seems,
and back to reality.
And I knew he died.
Yeah, you feel like you die in one of those when it goes bad.
Oh, and ketamine.
I haven't had it for, like, what, 15 years, maybe?
It's been a while.
That's a wild trip.
I guess it's kind of popular on the West Coast now, right?
Like, everyone, fucking Kevin Rose was talking about doing it.
Everyone on the West Coast is doing it.
It's like, you know, it's because everything's becoming legal.
Hey, like, at the dinner table, Cali.
It's the funniest thing because it makes you so, like, sluggish
and, like, you just see all the, I'm like,
it's just a weird drug of choice.
It's not really a party drug.
Like, yeah, you definitely get out.
I'm like a paceman, like, crawl around type drugs.
Oh, yeah, it's like, I want to be in a beanbag chair and not move.
Not at a club, like, trying to survive and not get kicked out.
Yeah, that sounds like a terrible mission.
Yeah, it's true, Elon's on it, right?
Like, they accuse him of, like, fucking turning up to a Tesla
meeting, I think, on a ton of K and they were, like, so far.
Well, a guy like Elon needs to, like, balance out
the high-level autism ADHD, I imagine, maybe with some ketamine.
I think we can cool ourselves down.
Especially for an investor meeting, I think, yeah, that's fair.
Yeah, exactly.
I'm going to hit the pre-K.
So what are your streams like at the moment?
Like, what are you doing if you're just, like, a bit more chilled?
I'm still streaming, man.
I've been on YouTube since 2017.
I have, like, 700 videos.
So if you want to learn how to trade, there's
700 videos on my YouTube where I will teach you completely for free.
You just got to go watch them.
But yeah, I still stream every single week.
I didn't stream.
Normally, I stream on Monday, but I was pretty much
bedridden this Monday.
So there he is.
692 videos.
That's absurd.
So yeah, I'm on there.
I'm going to stream later today.
But I usually do a live stream.
And I'll cover basically anything people are wanting to know.
I've got an editor, as you can see here.
So he goes, hey, I'm making all of my shorts and my clips.
The dude's a beast, but.
What about this new business you started?
You sounded like you matured.
This maturity arc, you're a builder now?
Did you build in the bear?
Yeah, I'm building.
I'm building.
So yeah, I still stream on YouTube every week.
I'm still posting in my Discord.
I've got my Telegram where I'm posting on my charts.
I've definitely stopped.
My signal to noise ratio on Twitter has gotten way worse.
Because I just don't give a shit anymore.
To be honest with you, I think crypto Twitter is probably,
like, one of my favorite social media apps.
If you're actually trying to build a community and you're trying to build something, I think
YouTube is a way, way better audience.
People are actually appreciative of you sitting on there sharing stuff where it's just so
easy to be a troll on Twitter that I'm just like, you know what, I'll make it a little
bit harder to get, I hate the word alpha, but the alpha, if you want the charts, my
Telegram's free, but you've got to join it.
It's one extra step that you've got to go through that, hey, I'm actually interested
in what this guy has to say.
Or yeah, you've got to follow me off Twitter.
You've got to go to YouTube and watch the video, you know, if you want my analysis as
opposed to where I used to focus putting everything on Twitter.
But yeah, I started a business about four, two months ago, I guess.
Yeah, two months ago.
It's been two months.
Make out prop.
So myself and uncle send it from, from Twitter.
He's a huge influence.
They're much bigger than me.
I think he's got a thousand followers or something, but a very popular guy looks like Big Bird.
But we decided to build something.
I mean, I think I've started businesses before, as, as he, trading is a very lonely game.
And one of the reasons I got into content creation is so I could feel like I was giving
back in a way.
I could add something to society because if you were just trading, you're, it's probably
one of those jobs or career paths where you're literally adding zero value to the world.
Really you're extracting value from other people, like, you know, maybe you're giving
away to charity and things like that, but you're not, you're not really doing a net
positive to the world trading, you know, you're by yourself, you're extracting money
from other people through the means of the market.
So content creation was a way that I felt like at least I was doing something for people.
You know, maybe helping people on their trading journey, helping them learn how to invest,
manage their own money, whatever it is.
But building a business is really fun.
You know, having a team, having a purpose every day where it's not just like, Hey, I'm
going to try and make a little bit of money, get a little bit of return on my investment,
but actually be like, Hey, I'm building a product and it's product that people can use.
I'm giving people jobs.
You know, it's cool.
It's fun.
And I'd done it before I ran a recruitment company for like seven years.
I built that multi-million dollar business and sold it and kind of came up with this
idea and the prop firm.
So it's, it's a business model that already exists.
FTMO is the biggest prop firm in the world.
At least this type of prop firm.
They're a billion dollar company and they do it for 4x.
Basically it's like an evaluation based prop firm.
So if you want to trade and you think the barrier to entry for you is you don't have
enough money, well, using a prop firm, you can basically leverage our capital.
And we've replicated that, but done it purely for crypto.
So most of these other prop firms don't offer a crypto specific option.
So we kind of solved that with our tech stack.
We source our liquidity directly from Bybit.
So if you're trading with breakout, the order book that you see, the assets that you see,
the spreads that you see on our platform are one-to-one what you would see trading directly
on Bybit.
We're also in process of setting up with Binance as well.
So you have the option to choose if you want to trade Binance as order book, Bybit's order
And it's pretty cool.
This is a very big business in the 4x world.
You'll see a lot of people on kind of money Twitter and they say, Hey, I'm a six figure
funded trader.
I'm a seven figure funded trader.
It doesn't mean they have seven figures.
It means they have $200,000 with five different prop firms.
I think it's a good way for people who think that they know how to trade.
Like if you think, Hey, I've got a process, I think it works, but I want to perhaps have
leverage because that's what you're buying.
You're buying leverage.
You're paying us for an opportunity to trade an account bigger than what you'd be able
to trade on your own.
And yeah, it's been going amazing.
We've kind of smashed all of our expectations.
We're growing rapidly.
We've paid out hundreds of thousands of dollars to people already, which is awesome.
Money that potentially they might not have been able to make on their own because maybe
they only had $1,000 account, but now with us, they're trading a $10,000 account, $50,000
So if you have questions, of course, always happy to answer.
But if you want to know more, check out our Twitter.
And the berry entry is low.
I think our cheapest accounts, 50 bucks.
So if you're a skeptic, you're unsure of how it works, $50, you can gain access to
a $5,000 account.
It's a pretty low barrier to entry to try something out.
So are you guys funding it or is it crowdfunded?
So the way it works is it's an evaluation first.
So first you got to prove you can actually trade, right?
So we're not just going to give you money to trade, but it's notional capital.
So what I mean by that is we decide who we want to A-book or B-book.
We explain all this on our website.
It's not like some hidden, this is how all these prop firms work.
We have it, you know, if you go on our website, there's this page called our business model.
It explains all this in detail.
But effectively, if you get funded with us, any money you make, you're eligible to get
paid out up to 90% of it.
So if you have a 100k account, you make 10 grand, up to $9,000 of that, you can withdraw.
On our end, depending on our risk parameters, we might A-book someone, which means the trades
that they take, we're backing with real capital, our capital, that'd be A-booking, or we could
B-book someone, which means that we're effectively taking the other side of the trade.
Because there are going to be people that we think are worth backing with real dollars.
And we think that their strategy is sustainable.
And there's going to be people that we think maybe aren't worth backing.
And we want to take the other side of the trade.
To the end user, it makes no difference.
If you're funded with us and you make money, you can withdraw that money.
Whether you're A-book to B-book, there's no difference in experience.
And there's no difference in whether or not you're going to get paid out.
So what's the average GPA of this class you got going here?
For some reason, to me, it sounds like it's probably 3.0 and not 4.0.
That's proprietary.
That's, of course, some proprietary information.
I mean, listen, we launched this business during probably the most volatile, three-directional
couple-month period in the market.
You could trade.
We had coins that went up 300% or 400% in the time that we had just launched.
And we had a lot of people make a lot of money.
We also had a lot of people lose a lot of money.
I think our book is negative on Solana.
And it's up 3x since our exception.
And you might wonder how that's possible.
I'm asking myself.
There's absolutely a business in the monetization of data in these types of businesses, right?
It could be very valuable to a hedge fund or firm who might want to know about the tendencies
of traders.
But to me, it's an opportunity.
I traded with FTMO personally years ago because I was like, hey, for 300 bucks, I can trade
a 100K FX account.
I'm never going to put $100,000 on an FX broker, but now I'm trading a 100K account.
All I need to do is risk 1%.
And if I get a few trades right now, I'm making thousands of dollars a month.
So there's a lot of upside here.
If you are a trader who actually trades, you understand risk management, you're using stops,
you're taking profit, things like that.
If you're gambling, you're probably going to get cooked just like you're going to get
cooked in the real market because we do have risk rules.
We've got to protect ourselves.
It's our money on the line at the end of the day.
But yeah, I highly suggest you guys check it out, especially if you're someone who's
like an active trader.
This is a great product for someone who's like, hey, I'm waking up every day and I'm
not doing DeFi shit.
I'm not doing airdrops.
I'm not doing NFTs.
I'm logging in a buy bit.
I'm logging in a Binance and I'm trading to make a living.
This is a product that I think you should look into because it's leverage really.
Main, the builder, main maturity, main episode minus the ketamine section, we could delete
that one.
We want to rebrand this maturity episode.
That story came before my new business.
I think that's a good haul.
Bloomberg's going to run this one.
I think we can find a lot of B-book traders.
I said, I think we can find a lot of B-book traders like everyone's experiences.
We can give you a lot of people that can lose a lot of money if you need to, so just B-book
That's amazing.
What a business.
But no, it sounds like fun too and a really cool thing to be a part of.
What else do we got on the docket today, gents?
I mean, we kind of touched on Solana, Jupyter, Drop Stuff.
None of us got it.
Well, I don't want to say that.
You guys probably did.
Mando OSF.
Too late.
I got tiny.
I used Jupyter a while back, but nothing.
I feel like that's the case with a lot of people that I met though, but you have to...
It feels like when Solana was big before it was like Radium and Orca, right?
And then Jupyter kind of came in just before the bear hit for FTX, so you had to kind of
be around.
So it's more like, oh, geez, you've got this arrow, but...
So as that kid, did he really get seven figures?
Like is that real, do we think?
That's fake.
What is it?
That guy's always...
He's had a few of them.
He's like, a hundred, like, levered, lone Pepe.
I mean, he's like, I made seven figures on my Jupyter, Drop It.
Here's how you can do it too.
It just sounds like a scammer engagement baiting.
That's what it sounds like.
Just fucking kill yourself, mate.
Too strong?
Maybe he's got the drink down.
Just put it down, man.
I'm rubbing coke in this guy.
And he just gave it to the guy to kill himself.
Dude, the guy doesn't say anything.
I'm just like, I'm gonna kill myself.
I'm gonna kill myself.
I'm gonna kill myself.
I'm gonna kill myself.
I'm gonna kill myself.
I'm gonna kill myself.
Maybe they just put a drink down.
I'm rubbing coke in this guy, and he's just gave it to the guy to kill himself.
Dude, the guy doesn't say anything for weeks.
And then...
Now we know what's going on is on his head like, glass.
Uh, cool.
He's still trying.
He's still trying.
something else I'd like to brag. So with what we've seen going on, on Solana over the last,
let's call it, I don't know, six months, maybe less, maybe it's from four months, but we
basically had this Ansem season, Solana season, right, where Solana's been all the attention.
Has there ever been a period in crypto Twitter in recent memory that has been more just blatant
shilling of dog shit, like very clear pump and dumps, page shit, like it's been so bad,
like, I'm like, yeah, well, I've been allowed now, you're just allowed to show whatever
you want. I'm old enough to remember, because I've been around longer, like one year in
crypto, that we used to be like, hey, that's a $5 million market cap coin, and you've got
100,000 followers, but you shouldn't tweet that just because that seems insane. And now
it's like five and he'll fuck that you're already late to the party. This thing's only
got 50k. And I'm gonna tweet it out. Yeah, it's and it's like a self fulfilling prophecy.
Like, I hope some people see that they're all like, but it goes up. I'm like, but you
know why it's going up, right? Like it's not a pump. It's like it's self fulfilling. Of
course it's going up. This person's got this many and this is not a shot at anyone. I personally
don't care. I think it's like if you're buying shit, because someone on the internet told
you to, you are responsible for all the risks involved in that. Yeah. You're a B book trader.
So you're responsible, right? If you're going to buy something because someone tweeted it
to you and you're like, Oh, maybe I should look at it. Like I don't blame the shiller
by any means because I'm kind of like, listen, go get your, go get your bag. People are going
to listen. They're going to listen. And most people, you know, you get burned once or twice
from someone, you say, okay, I'm not going to listen to that person anymore. But I just
feel like it's gotten kind of out of hand, right? Like I'm not the only one noticing
that. I think it's moved from protocols to mean points like, uh, and moved probably three
months ago, three or four months ago before it was like, Oh yeah, it's all about like
the new, like small matters like that you can catch quickly. And then about three months
ago, it was like, yeah, we're just gonna, we're just gonna chill meme coins. But that's
what Solana wanted, right? Fucking that's what everyone in Solana just wants to fucking
trade all day. So everyone just started paying attention to that sort of stuff. I think it
kind of reminds me of NFT 2021. It's, it's similar to like, yeah, I think my, my push
back on that is like, I think when you're shilling like Solana or when you're shilling
Jito, if you're shilling Jupiter, whatever, like these are like big infrastructure type
things, which is like big investments, but that's very different to like, Oh, Hey, like
used car, like 5 million market cap. Like it's a completely different thing. And I think
you have to, I do think you have to have an awareness of like the impact that has when
you tweet something like that. And ultimately like it goes up and then you're like, you
sell it and then a bunch of clubs buy it. And then they're the ones that these money,
you're, you're the one that makes money. Like I think you have to be repercussions on the
back end for some of these US people are probably not disclosures going on. Probably not because
he, I don't, I genuinely don't think he's like a bad person. There are people who do
this like maliciously illegal. Yeah. I mean, listen, it is, it is people have gotten charged
for a lot less than some of the stuff we see going on right now. And again, I'm not
pointing fingers at anyone specific because there's a ton of people doing it. And some
people are a little more blatant. And I, I genuinely think some people are just, they're
in the gate, they're, they're in the arena and they just happen to have a lot of followers
and like, and that's what I think of like a guy like Ansem, like I know Ansem is literally
buying all of these fucking shit coins and he's using all of these products and stuff.
But then there's some people who it's like, okay, like there was a, there was a coin,
there was a coin. I don't even care. I'll say the fucking name. So Sisyphus, he's like,
someone explain to me what's the, who's this top Jeep guy? He's like the, he's like the
Indian Andrew Tate. I'm like, are you, do you think you're slick? Like we know that
you own top Jeep coin and you want it to go up so you can dump it on your followers
and they can have another free trip on Sisyphus airlines. Like to me, that's like insane.
Like, come on. Who the fuck would buy that and fall for that shit? Oh, actually was one
of the top. OSF is own is the second biggest holder of top Jeep. Bring it up on soul scan.
Bring it up. I'm not even, I'm not even the top G I'm the top holder of top G. I still
own it. Thank you for flying. Thank you for flying. Thank you for flying. Wow. Yeah. There
you go. Thanks for flying Sisyphus airlines. That hits different when you say it that way.
Can we bring up the holders? Look at the date of his tweet and then let's look at the exact
Pico top on price here. So what is the top on price? I'm that top wake by the way. Wow.
How'd you get conned into this? Did you read that and do a little research? I think I think
was he in that first pump? Let's see. What was the date of that tweet? I pulled off that
tweet. So yeah, it went up since since the tweet. I don't know. Well, I think the more, and again,
I'm not trying to take shots at a win specific. This was just an example that came to mind where
I'm like, this is like crazy to me. And maybe I'm the asshole because I'm like sitting here,
starting a company, like still grinding out trades, doing free YouTube videos,
teaching people how to trade. And then there's people making six figures a month, just chilling
absolute hot fucking garbage. Yeah. Maybe I'm the, maybe I'm the donut. I don't know.
He had a Soho on that. He's known for this, but he like does it real publicly. Yeah.
Well, you know what? I at least have respect for the fact that he says, listen, like every once in
a while, something I shill is going to be a straight up rug. And if I'm shilling it,
I'm probably getting paid. Like at least he's on you literally. Yeah. I mean, to me, that's,
to me, that's less greasy than the try and lie. Like, Oh, explain top G to me. It's like, bro,
like, do you think I'm retarded? Like, come on. Like I've become way more cynical. I think in this,
in this cycle, like I'm just like, I just, the shit that I see all the time. Like this is just
the way it's always going to be. Like it's just always going to be like this. I think like it's
just a fucking casino crypto. So I just feel like you always have people acting badly. There's no
fucking rules. Like I don't know. I guess for not, I think. Well, that's the thing. Like you think
like that, like the ETF means that regulators are going to look at crypto more seriously. I think
like I do think that the regulators are still way behind. Like if you're in the traditional finance
world, there's this guy who goes by Zach Morris on Twitter. And he was basically like a penny stock
caller, which is no different than what a lot of these guys are doing right now on Twitter,
where they're saying, hey, guys, like I got the next heater. Right. They all load the fuck up.
Right. They announce it. It goes up like crazy. They sell into the pump. And like they just got
like straight up the SEC. Yeah. Like and this is happening in crypto. Like, yeah, make no mistake,
the people who are doing this stuff with these shit coins and stuff, they're doing exactly this.
It is one hundred percent illegal to keyboards point and like people will eventually start
getting charged. How far behind are they? I don't know. But like if you're American,
yeah, you're fucking crazy if you're American doing this crazy to be doing this.
You know, you better move to Dubai, huh, baby? Yeah. Yeah. But I mean, these guys made a ton
of money. But yeah, the SEC like literally was like, yeah, you're you're running pump and dumps
in America like crazy. Yeah, literally. Oh, man. I would the way the reason why I'm a bit
more simple about it is because I think people want it. I actually think people want the pond.
I agree. Like they know it. They know it's a fucking Ponzi. It's just they are literally just
there at the casino hoping that they can roll the dice and get in and out before other people will
even if they they just they just want influences. Sometimes they they just get accepted back after
they know they've done like a rug or they know it's been a last pub and dub. And yeah, you just
like you're actually looking for those people to call the next call coin because you just want to
play the game. Right. Yeah, no, I want that. I agree. Listen, people are here to gamble,
man. I spend every week teaching people how to actually trade and everyone's like, yeah,
I don't really give a shit like right now. Like tell me the next salon of shit coin that's going
to like 10 X. Right. And I'm like, if I knew that, like I'd fucking buy it. But, you know,
maybe that's where I went wrong with my brand is I created a brand around helping people in education.
And if I were to tweet out a salon of shit coin, people would immediately be like, what the fuck
Maine's been bought or paid, chilled, even though it's like so maybe I'm just jealous that I can't
for me to be insane. Yeah. Hater me now. Yeah. So I'm just going to be here on the sideline being
like, oh, look at all these fuckers making money. Yeah. Well, you know, they're letting you have it
on this fucking shiny thing. And I love this. It's been a recurring theme for about four or
five weeks. I thought about actually just turning it up with a bunch of oil for the show and just
like to my life, dude, you got to show up with like a base mask on next one or one of these ones.
What I feel like, I feel like this crew, we have like a good dinner,
like we should do dinner. Like if he drinks, like OSF is hammered. He is
like inviting me to dinner. I did. I did just, you know, except I've had dinner.
You are the top. You are the top G.
I'm well, I'm like, I'm like the anti cocky technically. There's some holding this.
You still hold it. Yeah. It would be a good dinner. Anytime. I think we'll all
come. I think, I think, I think KBM's in London next week. So main Amanda, if you guys are around,
just like London. Yeah, maybe, maybe. I don't think people realize how big Canada is.
I want to go to Canada. For me to get to, to, to New York is like six and a half hours from
where I live. You're on the West side. You need to get to Florida, man.
So Florida is all day. Yeah. Wait, so you're in Vancouver?
I'm in Vancouver. So Vancouver to Toronto. Yeah. Is like LA to New York. Yeah.
Across the country, like Canada is massive. Something that the European mind cannot
comprehend. Like I can fly for 10 hours. I could still be in Canada.
Yeah. I think I've flown to Montreal and that's less, or if it flown to like New York and it's
kind of around that sometimes. So like, so Toronto to London is six hours. Toronto to
Vancouver is five and a half. Yeah. That's wild. Have you ever looked at Canada on a map? Like you
look at like Canada map and it's like all this random shit in the middle of Canada.
Saskatchewan and Canada, like who lives there?
Saskatchewan. That's a, that's a, that's, I'm impressed.
80, 80% of Canadian population lives within a hundred kilometers of the border to the US.
Like most of Canada is just a barren, cold wasteland full of mooses and bears and shit.
Yeah. No. And with that, we've ended the show yet.
I didn't, I didn't realize you're in, I was in Vancouver last year. I would have hit you up.
Anytime. Yeah. If you're in a skiing or if you're in a nature like where I live is unreal.
Yeah. I love nature. Yep.
Oh yeah. Well, I mean, I think it was 70% oil.
Mando top holder of Nivea.
This is my life ever since I went on up only with Kobe. Like all I get now is just people
commenting on my neck. I've seen you get tagged in some, just the most hilarious videos of like,
yeah. And then Jaden will put my face over fucking the face of whatever disgusting creature it is.
Oh, Jaden got me a good background today with Dash on the Traeger.
You're smoking in the background.
You know how I was cooking up a storm.
Yep. Love it. But yeah, I don't know. Do we want to kick it off into the spins,
maybe some closing questions? Yeah.
Or again, that's ended. So like you've, you've, you've become full, full boomer over the last
12 months. Very, very clear. Do you have any, do you have any big thing, big calls for the next
12 months? Um, I got engaged boys. So
there is hope boys. There is hope out there.
You're out, you're out in the trenches.
Most of you probably not. Don't give up. Don't give up. There are, there is one girl out there
who might be interested in talking to you. How do we not get rec? Yeah.
How do you, how do you not get rec? Don't fucking use leverage. Use trade with breakout. That's how
you not get rec, right? Use my leverage instead of your own leverage. But you know, avoid getting
rec to be honest with you. Um, most of you have zero business trading with any sort of leverage.
Um, I don't think people realize how volatile crypto is on its own that you do not need to
use leverage. And there's going to be people saying, well, leverage is how I made it. And I
say, probably not. It's how most of you might make it and then lose it all. Uh, and the amount of
people who truly make it leverage trading is such a infinitesimal amount. Um, time in the market is
way easier than timing the market. Um, you know, if you think we're at the beginning of a bullish
trend or a bullish move, the goal is to try and catch the meat of it. You don't need to buy the
bottom. You don't need to sell the top. And the last thing you need to do is fuck yourself over
trading leverage in the time in between. Uh, if you're bullish on crypto, get exposure to crypto
slowly over time. Uh, don't try it. If you don't understand how to trade and things like that,
don't try and fool yourself into thinking you're going to know when the market's going to turn
around. GCR sent out a tweet. He said, Ethereum is going to go to 10 K one day. What happens in
between now and then is very hard to predict, but you know, if you believe in something like that,
do you really think you're going to outperform, uh, you know, something like Ethereum doing a
five X from here? Probably not. Um, so, you know, get yourself some exposure, stay away from the
leverage, uh, and you'll probably be okay. Maturity main love that except rents do every
month. So we got to make enough to pay that. So yes. Good shipping. Um, yeah, I don't know.
You want to give the code OB and like, maybe we'll get that, uh, yeah. Coder pick her up
and Mando can do some spins. Did we do the first, did we do the first code? We did ask for more
codes. They're really code hungry in the chat. I think it was a mean five one two or something
like that. Yeah. Trade it was created main five one two. That was the first code.
Um, let me bring up this blue box. Yeah. Sorry. I was just in the wrong telegram. Um, main main.
Oh, I love this one. Main character five main. Oh God. Raises has been working on that. Um,
okay. Uh, if you, uh, if you didn't get, when, when mean sponsorship, bro,
when, when main sponsor, Hey, maybe, maybe, uh, maybe you do realize you just, you do realize
you just spent the whole show saying don't use leverage. And yeah, but you know, what's,
you know, what's fun is watching me gamble on slots and watching me use leverage.
Sounds to the most entertaining streamer on crypto Twitter and still no roll bit money.
It's unbelievable. Let's get the, uh, how it's going to be the next, uh,
it's going to be the next roll bit ambassador. Is that why you've been like,
is that why you're calling shots against Sisyphus as well? Just want one in, one out policies.
Oh, is he, is he out for that one tweet? He's, he's going to come out hard on Sisyphus.
What is that? Rec guy, rec guy actually won. It looks like, um, who the hell is retweeting that?
The rec guy in the audience. Oh shit. Are we even like co-hosts?
Oh, there's my phone.
On the magnet money show when they won 600 K. Yeah. The magnet money has never won as much money
since I've been on. Really? Oh, it's crazy. Uh, host, can you bring me up as co-hosts so I can get
these people? There we go. What are you guys giving away here exactly? So we have given away,
I think just north of 500 grand since we last spoke, actually, like it's, we give a
rat giveaway about 20. Oh yeah. I haven't checked it recently, but, um, it's a lot of money.
Smart investor only three. He's already on here. Okay. Boom cowboy, wrecked,
rec guy. And if we give out NFTs, so basically zeros, but no, we give out NFTs.
All right. We've got, uh, we've got smart investor. So Mooney, Mike S cowboy, wrecked and free the
block. See, who have we got? So rec guy didn't win. We don't get the, we go here to win our own
art again. I would like to spend and sell the art that we want the complaint to keep coming. Uh,
cowboy, wrecked. We got mini Mike. You've got mini Mike. Free block C cowboy, wrecked.
Spin it again or some shit. Redraw, redraw. Actually, no, let's see if some people come
out. Right. Smart investor. We're looking for one more person, right? Yeah. It's free.
All right. Spin it. I don't have like 10 years for shit. No, I'm either.
I wish to just redrawn cowboy, wrecked. We got them. We got them. All right. What's the, what's
the order? The order would be Mooney, Mike. All right. Mooney, Mike, which one's first
far investor came up first, then Mooney, Mike. I'm here. I'm here.
Well, welcome cowboy. You made it. You're exactly where you're supposed to be.
Right. Can you guys, this is for a smart investor. All right. Smart investor.
Here we go. Oh, it's what someone a panda. Someone a panda. Oh, what a panda. Wow. That
was a good one. Smart investor. You've invested in a panda. All right. That's the best NFT project
in the game. Thanks guys. Looney, Mike. That's some good shit in here, right? I don't even know
what that is. Classic. Oh, sick. He won a $5,000 panda. That's awesome. We're just going to have
to see the price here. Sometimes when I scroll, it just fucks up the, uh, the image. Uh, Oh God.
I mean, oh, it's right. When an OSF edition guys. Hey, you never, you never know what
professional DJ might get you. Yeah. Oh, cowboy. This is your spin. All right. Let me see.
We're not going to see it. Oh, insufficient balance. Oh no, guys, we need the price go up.
Oh, maybe we need, uh, we need 600 here guys. The oiliness of your skin is interfering with
the wifi signal. Not a very good one, but yeah. Um, yeah. So we'll add 600, uh, something in the
loot box change, the robot team, the robot guy wants an airdrop of the top G coin. Yeah.
I'll give you, I'll give you, I'll give you, I think he'd be willing. That is a tax loss.
That is a tax loss right there. Are you command? Oh, they update. They update. Okay. Here we go.
Spinning. We won't know what it is until it lands. Um, here we go. Oh my God. Someone wanted
another OSF edition or, uh, a couple of weeks for the, uh, for the OSF editions.
I mean, yeah, we got a smart investor. Got a pandas. So that's the way.
Yeah. Oh yeah. We got, we got a pan. It's really great. You can buy my art and then just like
throw it straight away. It is. I mean, if you're in a suit art collector and not in for the money,
like most of the people who come up are, they're getting good shit. Yeah.
That's why people watch our show, you know, let's do art collectors.
Yeah. Thanks everybody. Thanks for coming on. Uh, break out.
Now next week we do have Andre, right? We do have Andre from DWF. So we have,
we have the shit corner himself coming, coming on the show. Ask him how he did it with TRB.
That was impressive. We are. We're going to break it, uh, play by play, um, then delete the recording.
Yeah. I'm just curious.
Yeah, she had a low flow. So it's short squeeze myself.
Thank you guys. A lot of fun. All right, later guys. See you.