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The gud coins are going up
Recorded: Jan. 5, 2024 Duration: 2:33:13Space Recording
Full Transcription
Hmm, where's everybody today?
Let's see.
There's some sort of fancy AMA going on today.
Cosmode Spaces has a little thing about saga going on.
Let's see.
Okay.
Let's see here.
So it looks like Neutron just broke out, if you're a Neutron holder.
It kind of like got past its $1.36 level and sort of next level there.
It's at $1.47 now.
It's like $1.72 is next, then $1.94.
So we kind of weathered that consolidation.
I think a lot of Cosmos coins are going to do similar things.
So it took like a substantial dump down like two or three fib levels during that BTC dump and just kind of liquidated whoever.
And I think that represented just a really good buy for new people to come in.
So it's like on the way up again.
So if you're holding a Neutron, you're doing well.
The other stuff that's popping off today, AKT, which I've been holding for years, is like kind of finally firing away.
It's kind of past the $3 level.
Let me see here where we are at the moment.
Yeah, $3.14.
So it's kind of rocketed off now.
It kind of consolidated like with a top at like $2.65 and now it's heading to its next fib level, which is $3.64, $3.65.
That's the last level for AKT before all-time high.
I had mentioned before that basically Akash is parabolic on log scale.
So it's going to like probably go just straight up for a while.
I'm suspecting like it could reach like from $3 it's at now to about the $8.52 all-time high.
It could probably do so within, oh, I don't know, within a month or so, which would be kind of cool.
And then the level after that is like $24.
I haven't calculated lately what the market cap at that level would be, but it's looking like it should move quite quickly now.
So there's probably not a lot of sellers of Akash just because like anyone who pretty much has had a chance to sell has done so by now.
You know, like who got crashed in the bear market.
The next one that I think is likely to move, because really all the Cosmos coins are just sort of like hopping each other, would be Kuji.
Kujiro, like, is at $4.88.
Its local top was $5.50.
I picked up some the last couple of days, pretty sizable amount.
Now I've had this thing since like it was like $0.50 or something.
I don't even remember what price it was when I bought it, but I added to this one for the move to $10 next.
And I think with its market cap, like, Kuji could reasonably get to the $70 level, certainly the $25 level, like a 5X from here.
So I have just added to that.
So bought the top on Kuji, but also bought the very, very bottom.
So I've sort of like averaged up a little bit there, just for the new breakout.
Zephyr's looking good.
We've got like, it's been running between like $19 and $22, something like that.
Volume's been picking up substantially.
It's like we're over $2 million volume per day now on a $50 million market cap.
So a pretty substantial fraction of the market cap is being traded daily, which is a good sign.
And circulating supply is up to like $2.8 million now.
So we've added like 300,000 coins or so in the last month or two, which is fine.
A lot of that will be huddled most likely.
And a lot of the market action you see is just really like not too many new buyers, but just basically algorithms kind of trading and exchanges and market makers and stuff.
So not too much has happened there, but looks like it's rounding out of bottom here, looking pretty good.
Let's see what else is happening today.
Like some other things like Atom, Link, Fetch are just kind of hanging sideways.
But I think Neutron, Kujira, Akash, these are sort of the breakouts.
Let's see if anything else is happening today on anything on my list.
Autism is kind of like going sideways.
It's about $1.8.
Just sort of chilling there.
And I think you'll see the Injective meme coins sort of run as liquidity flows into Injective.
It's at like $38.90 right now.
Still in sort of like price discovery above prior high.
And I think like I said, the Injective target for me is around $90, which is still about a 3x from here.
That puts it at about a $10 billion market cap, which is quite feasible.
Maybe it gets there, maybe it doesn't, or maybe it just, you know, goes through some catastrophic dump.
You never know with these things.
But Injective's all right.
Let's see.
The other one was like I owned is Optimism, which I bought at the top.
I bought the $3 top.
It's about $3.44.
It popped to like $4 and then pulled back.
And it's a $3 billion market cap, which is pretty easy to move also, especially with the Ethereum ecosystem.
So I think like my sell price for Optimism is probably like $9 or so.
Again, like getting close to $10 billion market cap.
Whenever it hits that, I think I'll sell just for a quick trade.
Let's see what other stuff is on here.
Yeah, I think that's the big stuff.
I think if you want to get stuff that has not run yet, that would be Adam, Zef, Link, Kajira, I think, is close.
Fetch is close.
Akasha's already kind of running, so I'd probably hold off at this point if you haven't already picked it up.
Solana is back down to like $99, which, again, it's like right up against Fibb Resistance.
Not a bad option if you believe it's going to hit all-time high again, which is probably like $250 or something like that.
There's a pretty good chance of that happening.
So Solana is not a bad pick for that reason at this level.
Astroport is kind of picking up lately.
I just noticed like it's...
I think its high was at $0.30.
It's down 21% from its high, so it's done a pretty deep pullback about like one-third of the way.
And pretty much bull flag type of behavior there with a market cap of 100 mil.
And it being sort of a multi-chain DEX where you can connect to it via things like Injective, Terra, and probably other chains.
It's basically going to be a multi-chain DEX similar to something like Osmosis, I think, where they're going to have like base stations on each chain, I think is the idea.
So that's kind of the interesting thing about Cosmosis is that once you've built an app, you can deploy it on as many Cosmos chains that support an upgraded Cosmos SDK.
So it's actually quite kind of easy to expand your project into different chains, which is very, very bullish for Cosmos.
Because like every random new project, you can easily like copypasta some previous DeFi thing onto the next DeFi thing.
So of the L1 type of chains, I would say like the least, I always say the most sort of like undervalued and where you're still kind of early is probably Neutron.
Neutron, but like I picked up Neutron at like, I think it was like 59 cents or something.
And now it's at like $1.56.
So it's running now, but like, you know, a lot of the move has been sort of made already.
You know, it probably will do okay long run, but you'd have to be, the amount of gain here is probably somewhat limited.
I'd say like Neutron probably can reasonably get to like maybe $1.94, maybe $2.30, and then it'll have to cool off again probably.
It's at $1.50 at the moment.
So you could do okay there, but I think Neutron was one that probably would, I mean, obviously the right choice would have been to grab it like a month ago or something, two months ago.
So at this point it started running and broke out now.
So if you like breakout trading, it's definitely broken out.
And its next Fib level from, is it $1.71 and $1.93?
It's at $1.47 now.
I had originally like expected a $1.93 Fib target on this one.
It's sort of making its way there, looking good.
Let's see, anything else interesting?
BTC is kind of parked at like $44,200 at the moment, which is looking really solid.
It's kind of like, it did kind of a breakout, of course, probably on a lot of like leverage.
Squeeze.
Then it got crushed, of course.
Then you had kind of a long squeeze to the downside.
And then now it's like, come back to neutrality, where just like right before anything happened, it's almost like nothing happened.
So I think it's really, really well poised to run up some more.
And I think like the most obvious target for BTC is prior high.
And then beyond.
It's like prior high on my particular chart, I think is like $68.9, something like that.
And let's just say $70,000.
I think the odds of getting there are pretty damn good.
Mostly because like it's just chart magnetism.
It's not for any other particular thing.
And of course, like there's an element of the ETF thing and all that.
But I think there's a fair amount of like ETF paperwork being submitted by different companies.
And I think the odds of these things getting approved are fairly high at this point.
Probably priced in.
But I do think like there's a mimetic effect to it.
And there's a pretty good chance that like there's going to be a pump.
You know, if there's like an official announcement.
Could there be a sell the news thing?
I guess.
But like it'll get bought up immediately.
So if you're trading alts and stuff, if there is a dump, you get lucky.
I think that's just too easy of a narrative though.
Like it's just going to be too easy to like buy alts at that point.
And I don't know.
I suspect like it all just gets front run, which is precisely what's happening.
Like Kajira is topping out.
Neutron broke out.
Like everything is looking like it's just pushing up against resistance and wanting to run.
So I think the whatever you plan on loading up on, I'd probably grab the things that haven't run yet.
Grab the stuff that like looks the sort of weakest in a sense.
It's probably where the risk is the lowest.
And the upside is most likely the highest for the sort of medium term.
So, you know, you like don't chase stuff that's already like giga pumped unless you're like kind of a breakout trader a little bit.
I do tend to add stuff on breakouts, all-time high breaks and stuff like that.
I think the most closest to all-time high break that's the closest ones that are interesting are Kuji, Fetch, Akash.
Let's see.
Anything else in all-time high?
Injective is, of course, like in price discovery.
Not injective, I'm sorry.
Neutron is in price discovery now.
So it's already sort of pumping.
But yeah, Kuji, Fetch, and Akash are the three that are going to be, I think, relatively close to price discovery within the Cosmos ecosystem stuff.
Akash will probably get to its $8.50 level.
I don't know, I'm guessing like in a month or so to $3.16 now.
Fetch, it's been kind of dragging its feet with everything else, like kind of going sideways.
But I mean, it's like a hop, skip away, like a 2x away from all-time high at this level.
So not a bad ROI if you're kind of looking at just the all-time high for Fetch.
For Kuji, extensions run like $10, $15.
It's now at $4.90.
So I've been picking up some for that run.
I might sell some of it just as a trade.
But we'll see what those do.
I'm pretty heavily allocated already.
Like I don't have a lot left over that I'm planning on buying specifically.
Unless I go and sell some stocks and shit, which I get tempted to do.
But like I kind of had a thesis for my stock portfolio that I kind of like bought it to just not play with it too much.
Because I'd have to pay a bunch of short-term capital gains and all the gains on it.
But like I think my stock portfolio is up like 25 plus percent since I started putting it together back in last October.
So doing quite well there.
But just like mostly just pouring in dividends on that.
And the goal was generally to build a dividend portfolio is why I have that in the first place.
So I probably won't mess with it.
But unless I'm tempted, I see something really good.
But there are some coins coming out like Dimension and probably Saga and a few other things that might be interesting.
That I might throw some dough at just because like they're new.
But with new stuff, I've got to, you know, you got to basically stick your money into that for like probably a year and a half to really be sure.
You're getting the meat of the move on those.
Because you'll have like some of those dump after they come out.
So you'll have to ride out like a six-month dump a lot of times.
So new coins, you've got to be like aware that you might get just basically fucking stuck in the thing.
And you have to be comfortable with that.
But at the same time, Upside can be really, really great on those.
I don't know when some of these other things like Monad and stuff like Wabi likes to talk about are coming out.
But, you know, some of those things could be interesting.
I'm not sure how fairly launched some of these things are either.
A lot of different chains have very heavy like team or VC allocations and shit.
And so you have to just be aware of that.
But at the same time, like you don't want to overwrite curve these things.
The reality is anything pumps regardless of what it is, especially when it's early.
And the prices are really low and the market caps are really low.
It's just really easy to move the market on these illiquid things.
So sometimes it's just being like getting some of that price exposure and price action exposure is kind of cool.
I think crypto is most fun when you're like going parabolic.
That's the reason I play in crypto.
It's like I like these parabolic moves.
They're just fun.
Maybe it's like a little bit of gambling or whatever.
But whatever it is, it's fun.
Let's see.
Yeah, Kujira is right now at $4.94.
And like I think its previous all-time high was $5.
And it kind of like popped above that to about $5.59.
Dropped to $3.88 actually.
Something like that on the recent drop with BTC.
Dropped to $3.91.
Could pull back.
Pretty much knocked off whatever leverage is floating around there.
And it's basically ready for continuation.
Remember like anytime you have these leveraged longs extinguished, those are future sellers.
You want them to get wrecked.
Sorry if you're one of the people that gets wrecked doing long positions.
But like I need those positions to die in order for the things to go up.
But anytime I see that kind of deep liquidation, I will buy some.
And I bought Kujira Heavy.
That's K-U-J-I.
If you haven't heard of it.
It is available on like Mexi.
It's available on Osmosis.
Sorry.
Liquidity on Osmosis is kind of whatever.
It's also available directly on the Kujira chain.
If you send like Adam there and stuff, I would pay attention to where you can get the best trade.
I felt like the liquidity on Mexi was quite good because I tend to buy a lot.
So it's like that's important to me.
And I bought a pretty good sized chunk about two days ago.
And I think my average, not average price, but the price I paid I think with flippage and everything was right around $497 probably.
It's $494 now.
So if you need larger trades for KUJI, Mexi is fine.
Mexi also happens to like have other coins that we care about.
Like it has like Adam and stuff.
So if you need to like transfer something you have in order to buy something else, you can move easily.
And I've had no problems with sizable amounts.
I know there's been some Mexi, FUD and shit.
I've had no problem buying, transferring off exchange.
None of that shit.
I just basically VPN in whenever I feel like it and it works great.
So that's kind of that.
Let's see here.
I do think like all of the BTC trading pairs, if Bitcoin starts to run, are going to have like some wind in their sails.
Um, and I think, uh, um, one play would be to sort of buy BTC and like buy it for the run.
Another would be fuck that.
Like just, you know, maybe you're all sort of languish, grab all of those, let BTC have its like whatever, however many months run.
And then maybe alts follow, maybe alts go with it.
It's hard to really tell sometimes what's going to happen.
But like, I tend to buy the thing that has, I think the highest sort of ROI, like, you know, like it, it, it takes an active Jesus to get you a Bitcoin 2X basically.
Um, whereas like we're making 2Xs on alts like every, you know, every month, like pretty much, um, or more.
Right.
So it's like, it doesn't make sense to sort of, um, to, to sort of jump into BTC unless you're just trying to save like store value or something like that.
Um, otherwise, um, I think that's kind of most of the stuff today.
Um, I think the most impressive one running right now is, um, or Akash and Neutron are the ones running.
Akash is at 316.
Um, remember I said the fib level for next resistance is at 365.
So it's probably not too late if you want to get in there.
Um, but, um, it is kind of going relatively parabolic.
Like the last time it did this in, in 2000, I don't know when it was like 2001 or two or something.
Yeah.
2001.
Sorry.
Um, it hit like 848.
I remember that.
And like when it starts, when it started to run past two, $3, it just went straight, straight up pretty much.
So, um, I think you'll have like Gamblers and Cosmos jumping in on it cause it's going up.
Um, and you can get it on some centralized exchanges too.
So there'll be some traders buying it.
Um, I'm hoping AKT runs to about 24.
Um, like getting to 43 would be the next fib extension above that would be almost absurd probably.
So like to me, the, the non greedy move would be to sell around that price around 24.
Um, it's about 316 right now, all time high would be 848.
Well, technically the non greedy move would be to sell the all time high and get out.
Um, like that's still, that's still be a pretty good return on investment.
Um, but I'll see.
I think what I'll do is like with Akash, like I've got a good size bag of it.
I'll decide like, depending on where Akash is and where maybe Zephyr is, I might look at some rotation possibly.
Um, cause you know, like if I get most of the move, um, based on my cost basis, um, I might
sort of like look at where my ROI is going to be better and, um, grab something that is
like down the most.
So I tend to buy rec charts, uh, the most like fervently I'd say of like the pullbacks on
my list.
Um, I would say Zephyr is probably the most obvious big pullback.
If I would say like, what's the safest thing on my list with a good pullback, that'd be
probably Adam and Link.
Um, but at the same time, like how much ROI do they have?
Not nearly as much, but, um, at the same time, your downside risk is relatively low at
these prices for Adam and Link, I would think.
And therefore, um, like they might represent acceptable store value if you're sort of just
trying to lock in your gains and maybe grab the yield from Adam or something like that
for the rest of your living days, like, which is kind of nice.
Um, so sometimes these store value things that earn a, earn a yield can be good.
Um, even if they don't necessarily go up super, super high.
Midas, how are you this evening?
Hey, what's up to?
What's up to?
Um, just configuring the website for autism and the email and all that nerdy shit.
What's going to be on the website?
Any, any, any exciting things?
Yeah.
Surprise.
Okay.
All right.
So it's going to be like the grand, uh, surprise, uh, release.
Yeah.
I'm working right now with Bruce.
So, um, just popping on the space to give it some visibility and.
Oh yeah.
Good.
Yep.
Uh, autism's actually, um, priced pretty good.
I was just pointing out that like, um, when it will run again, probably is when, in,
when injective runs, um, injectives that have nice pullback too.
So it's not a bad time to be considering.
And also the thing is like, uh, because it's again, tied with the primary liquidity pairing
for autism is injective.
Um, typically if INJ runs, autism automatically gets pulled up, pulled up by the AMM.
So you don't even have to have any new users to have it go up.
So if someone's a buyer of it, um, uh, injectives had a good pullback.
So it's a very reasonable, um, it's a reasonable thing to, uh, consider getting some at this
level.
I think, um, if, you know, people are into meme coins and fun and they love each other
and they're not dorks.
And if you want autism, you can get it at, uh, astroport.fi, which is cool.
Um, astroport, uh, and then it's on the injective blockchain.
The wallet you'd want to use for that would be, uh, leap, I think is the easiest one to
use.
I found it to be very simple for autism.
Um, you can basically connect up to an injective chain.
You can use leap to transfer like, uh, cross chain Adam pretty easily.
So if you're wondering how to get that easiest way to get into cosmos right now, I would say
if you're like a U S user, it'd be like something like a Coinbase and just get Adam for everything
and just send it straight to, um, send it straight to your leap wallet.
And then you can basically send that into injective.
No problem.
Um, with the cross chain like capabilities of IBC, it's pretty awesome.
Um, injective, by the way, if you're in the U S on Coinbase is not.
Native injective.
I don't know what the fuck it is.
Probably some ETH, um, variant or some shit wrapped or something.
And we all know, don't touch wrap tokens unless you're a fucking moron.
Um, like, and you want to lose all your money.
Uh, so like the, the, uh, the simplest thing to do, I think is just grab Adam and descend
it to, um, using the leap wallet.
You send it over, um, to the injective chain and cross chain swaps is quite easy on that.
Um, so you'd go to Coinbase out, take Adam, take it out to your, um, uh, take it out to
your leap wallet, um, using a Coinbase hub address.
And then you can actually use the wallet to swap over from, and you can use, um, like,
I don't recall if Astroport connects to Cosmos hub.
Maybe it does.
Maybe it doesn't.
Otherwise you can use, um, Kepler to do this.
You can swap from Osmosis to Adam, um, out of, from that to injective.
And then injective can convert to, um, uh, inject and get autism.
Midas, is there any good, like, you know, router that does autism really well yet?
Like squid router or like CoinHall or something?
Is it like where you can make the trade all in one go?
Um, not really sure.
You probably can use TFM, but, um, not, not positive about that.
Yeah, TFM might be an option and CoinHall.org might be an option.
I haven't tried it.
Maybe you should test it and see, but like an easy way for a person to get from Adam that
they own directly to autism with like one click type of process with a router would be amazing.
Uh, so yeah, some instructions on how to get to like the fastest way to get to the coin would
be nice, like, especially on the website, uh, that'd be good.
Cause then you can just give someone a link and go here.
Here's how you do it.
That'd be cool.
But anyway, um, Oh, Bruce.
Hello.
I guess you guys are busy, huh?
Doing like, this is what happens.
You get into fucking like web three stuff and you have to actually do work instead of
hanging out here.
It's like, you have a project, like create a community and everything.
Now you're, now you're obligated to your community to do a good job.
But, uh, anyway, hopefully everything goes smoothly back there in the background.
Um, let's see here.
Someone said, it amazes me how much this coin doesn't move.
Oh, they're talking about Adam.
It's cause there's just no memes or anything around it.
There's no obvious, uh, like driving force at the moment.
It'll probably go when everything else goes.
Um, ETH, BTC, Adam, they're all just sort of connected at this point.
Um, yeah.
Anything with really deep liquidity connected to BTC and, um, ETH trading pairs and stuff
will have a tendency to drag because it has like, these things have now very deep liquidity,
which means like, it takes a lot of real money to move the actual market, right?
It's, it's funny how like people want number to go up.
They want, oh, I want my coin to be listed on all the different exchanges and shit.
Um, sort of you do because you want to be able to buy and sell when you want.
But at the same time, like when you get listed on everywhere, the liquidity is very deep.
It's very hard to move the price of the coin.
So, um, that's why like meme coins like autism and stuff move a lot more, a lot faster, um,
because they're not listed in a whole bunch of places.
So if you like that kind of rush of the stuff that really pumps, you want stuff that's kind
of limited in its availability to some extent.
Um, and that's just kind of part of the fun anyway.
Um, so yeah, autism is kind of our, our group's little baby.
So if you haven't picked some up, be sure to do so.
Um, just cause you're cool.
If you do, that's the, uh, that's the reality.
Otherwise you're, you're an asshole probably.
Um, yeah, no pressure by the way.
Um, anyway, yeah, like pretty good moves here.
Yeah.
We mentioned kind of Astroports on the rise.
Kajira, Akash, quite a few things are on the move.
Cosmos stuff.
Um, so a bunch of stuff's, I think it's going to melt faces over the next six months or so.
Um, and doing quite well.
Hopefully Bruce, give me a thumbs up if you still have your Akash back there.
Um, like it's, I think it's going to make its run to like eight back to its all time high
fairly quickly.
I mean, it might be within like the month, like a really, really quick move.
Um, this is what it did last time too.
It just kind of just runs.
Again, Akash is one of the things that doesn't have a lot of leverage and other like mega trading
pairs associated with it.
So it tends to move in sort of highly liquid ways.
Hopefully we get to like more like $24 this time.
Like I rode $8 all the way down to like lower than I bought it at.
So like I was a bag holder for like years.
Um, this time though, I think like the thing to do with it is when it gets to completely
irrational levels is to sell.
Um, and then, you know, buy it back if you want to or whatever, but like, um, um, it
doesn't make sense to sort of like get to rational territory and just hold.
I, I mostly held cause I didn't pay attention to it.
I just like let it ride.
And, um, at the time, like when the markets were crashing, like my Akash bag was my least,
like, like the least of my kind of things I was watching because I was busy handling
like, um, you know, Luna shenanigans that was going on when it was crashing.
So like the rest of the stuff was just kind of like, um, just was, I just wasn't paying
attention to it much, but so I have Akash doing well, definitely in the green now and I'm
happy with it.
And I was kind of lucky, I suppose, that the AI narrative showed up to save its, save
its ass and really drive it forward all last year.
And, and, um, AKT has been really doing fantastic for the last, well, really through the bear
market.
It's one of the few things that had been like going up, like people talk about caspa and
shit, but like if you bought Akash at the bottom, you've done quite well at this point.
Um, I mean, it was in the, like, I don't know, 30 cents or some shit.
Now it's a $3.
So you can get a good sense of like the kind of move it's made.
Um, so if you bought in early during the bear market, yeah, it was down at like 20 cents
even.
And now it's a $3.
You've done quite well for yourself already.
Um, that's called a bull market.
You know, like you could have just own AKT and nothing else and like done perfectly fine.
Um, and have already gotten most of the move in it, like giga move and sort of already
had a bull market for yourself.
So yeah, some things have done super superb, like in terms of overall price action and
stuff.
Um, let's see here.
Anything else going on?
Um, uh, yeah, I think like, I think the big majors like, oh, I don't know, like Chainlink,
Adam, the stuff that hasn't moved.
Those are going to be like stuff that part that gets going once BTC gets going again
and, um, it'll, they'll move relatively proportional because their market caps are so, uh, liquid.
Um, and that's like just a pro and a con, depending on how you look at it.
Um, if you're a whale and you're trying to sell, it's a pro.
Um, if you want, if you're like buying into it and you want number to go up, it's a con.
So like, that's the way to think about these, um, high market cap things.
Um, some interesting news about Zephyr, um, well, I don't know about news, but just like
technical action is that with the recent, like last, uh, day or two, um, I've noticed
that like Zephyr is seeing a lot more volume.
Um, in fact, let me see where it is now.
It's like, it's back up to about 1.8 to 2 million volume per day kind of numbers.
Um, still hasn't kind of broken out.
It's like consolidating in this like 19 to $22 range and whatever, um, but looking really
good.
And, um, hash rate has been sort of steadily climbing.
Um, average hash rate is actually rising above Monero, you know, slowly, but clearly.
Um, I don't know if that's some of the same Monero miners that are just kind of moving over
to mine Zephyr, but who really cares?
Um, the more mining that happens, um, generally the better.
For like network security, it does cause a little bit more inflation in the coin in
terms of produce new coins, but that's okay.
Um, cause a lot of the folks who are mining this now are not mining it for like paying
electric bills.
Probably.
Um, there will be some selling pressure from that, but a lot of people spec mine this stuff
and hold it, uh, especially into a bull market.
Like the most obvious minor choice, like minor decision to make is to hold your coins until
they pump, um, and really sort of gigasend.
Um, I think with, um, like a pretty good initial target for, uh, Zephyr is like that billion
market cap level, which puts it at like $400, which is a really nice multiple from here,
which is cause we're only 20 bucks right now.
Um, so pretty good, um, pretty good upside on this next, you know, potential move.
Um, the last sort of move was from like a buck 80 to like 52 that represents about a, like
a 25 X or so, um, a little bit more than 25 X.
So I think doing another, um, the next run could be like a pretty decent 20 X, uh, remember
like early proof of work coins, when they run, they typically run like, you know, they
might do like, um, from the bottom to the top, they may do like a good solid a hundred
X, um, to a thousand X if you sort of seen a lot of early, early coins move.
So it just really a matter of just getting the popularity, the name out there and getting
people to find, get interest in it.
And a lot of the proof of work community will tend to pay attention to stuff with high hash
rates, um, and sort of like, you know, the things that are getting high hash rate, like
why are they getting that rate?
Why are people wanting to mine these things, et cetera?
Um, so people start paying attention when they see these things start moving, um, especially
folks that have money.
Um, like the, the issue here is not whether like, you know, someone throws 10 bucks or something.
And the issue is, are people bringing in millions of dollars to move the market caps into, um,
you know, like, you know, it might take like a million dollars, for example, to move Zephyr
into the, um, the like a hundred million market cap range, uh, which, you know, is not a lot of new
money and if you think about it, um, but you need to get like substantially larger buys.
You can't have hobbyists, you know, crypto fans buying like $10 worth at a time.
You need to have like 10,000, 20,000, a hundred thousand dollar buys coming in ultimately of
like to, to, you know, buy up all the supply and then send the thing, uh, running.
And so, oh, usually over time, as the market cap rises, what will happen is it's interesting,
like more attention comes in and you attack, attract more and more whale size wallets that
tend to approach.
So you might think, well, why would it run, you know, from, you know, 50 million market
cap to a billion market cap?
It's because the bigger the market cap gets, the safer people feel about throwing their
money in it.
If they have larger amounts of money, like when something first starts, you know, like people
like, Ooh, is this thing safe?
Is it like, is it going to be a rug pull?
Is it going to be a whatever?
So there is a tendency to have that worry that the smaller something is, and then the
longer something, uh, is in existence, the higher the probability that you get, um, you
know, bigger, wealthier buyers to show up.
Um, on the other hand, like once you, or once a coin is quote unquote safe, most of the upside
has been, you know, like taken out of it already.
So, you know, with higher degrees of safety comes a higher, lesser.
So, you know, that's just the way this game works.
So the small market cap game is basically just grabbing very high, um, risk things with
very small amounts of money.
In theory, if you're kind of a minnow and you grab these things and you just let them
run, like if you're only buying a hundred bucks worth of Zeph, like you'd want to let
that run for probably, you know, like a couple of years or a few years, maybe even next cycle
and just leave it alone and see what happens to it.
Um, if you're sort of like, um, you know, doing these things for a trade, that's a different
thing.
And that's a whole nother strategy.
But, um, if you're using large amounts of money in micro caps, you just have to be aware
that like your bag, maybe, you know, drop, you could have drops of 90%, right.
Without even like, I'm breaking a sweat.
I mean, just go look at an early BTC chart or an early ETH chart and you know what wreckage
looks like, like even early Ethereum, which you all know is being kind of like, you know,
it's like, well, you know, golden child of store of value for the DeFi community or whatever
used to like dump like 95% in the beginning.
Right.
So it'd run up really heavy and then drop a lot.
It's just normal for it.
Even, so even legit crypto projects will do this.
Um, it's not a, um, it's not a swipe on that particular project.
If it drops 95% necessarily, uh, very good projects will do this.
So you just have to be comfortable with that happening.
If it happens to you, in fact, my Akash, great example.
It's I'm now mooning at, um, like AKT is running like, um, you know, in, in the, in the
profitable zone for me, but like it dumped into the never, never land.
Like I bought it at like, I don't know, it must've been an average of like maybe a
buck 50 or something.
And, uh, it was like 30 cents, like, you know, like, or 20 cents at the bottom of the bear
market.
I pretty much ignored and I was like, whatever.
I just pretty much assumed it was going to go to zero or something, or like, you know,
maybe it wouldn't come back or whatever.
Or even if it did, maybe it wouldn't do that well, but I was pleasantly surprised at how
Akash is doing now.
But like, that's because I just literally left it alone and decided not to, um, not to do
anything with it and just like ride my bag and see what happens.
And since it was a good project and people were still building, I was like, all right,
I'll just hold it.
But there's not really a reason to sell at an extreme loss.
And now I'm definitely, um, ahead for having done this.
Um, however, like, uh, there's a lot of other coins I'll like buy on the way down.
Um, it's just so happens.
I was just paying so little attention to Akash that I had, I did not actually add to my
bag at 20 cents, which you like would have been smart.
Cause I could have just gotten like easily the exact same number of coins I did before
for like, I don't know, you know, a 10th of the price or whatever it was.
And, um, I just made the mistake of not bothering to like pay attention to it.
I think, um, which, you know, it happens, um, your attention span, you know, can only divide
up until, you know, between so many things.
Um, let's see anything else happening.
Um, I don't know if anyone wants to kind of chime in, if anyone has any other ideas,
what they're holding, what they're buying, whatever, like whatever's mooning, uh, let
me know.
Um, it's kind of interesting to kind of see what's happening and with different, uh, different
ecosystems and stuff.
Um, but yeah, Kajira back up to 495 after like 470, pretty sure it's going to run.
Um, I got a nice, solid, heavy bag pack for the next run here to like, I think it'll 3x
to 15 bucks is my guess.
Two fib levels up from the most recent high seems pretty good to me, uh, for the next run.
Uh, and again, once it gets there, I'll sort of look at what the rest of the environment
is doing and see if I need to rotate that into something either safer or into something
with, again, like more of an ROI than that.
So let's see.
Um, anything else?
Um, I think Zephyr's price is still good at 18, it's 1848 at the moment.
Someone wants a good buy.
Not bad there.
Um, let's see here.
Kajira, 491 fetch.
Fetch is not bad at 68 cents at the moment.
Um, had a nice pullback.
Um, another one that has a decent pullback, um, but still in kind of price discovery after
breaking all time highs, optimism, it's at 340.
That's definitely one to look at at this price.
It's pulled back from $4 to 340.
So good choice there, I think.
Um, let's see.
Uh, yeah, so Solana's just right up against its last Fibre's essence before all time high.
Um, have a little bit of that.
I'm actually down on that one.
I bought it at 103 and it's a 99.
Oh, well.
This is what happens when you buy the local top.
It's, it's high in 2021 was like 250 though.
So I think there's plenty of room to run here.
Um, let's see here.
Yep, I think that's most of the stuff on my general list.
Let's see.
Let's look at the overall market here.
Anything interesting going on?
ETH is still sitting at 2,200.
Not doing anything too fancy.
XRP, for reasons that are inexplicable, it's like 31 billion market cap, but it was flipped
by Solana's.
That's good, I suppose.
Um, because I don't know why he, I have no idea why XRP is valued what it is.
Pure mystery.
It's kind of almost insane.
Um, I guess the XRP army is like, I don't know for some, I guess it's been in the high
market caps for so long after so many runs, it just keeps attracting people during the
bull market and somehow they end up memeing themselves into like, into like high price
action.
Um, I don't know if like, you know, historically there's been like this retail play where Cardano
runs and it's still like a pretty high market cap of like 19 mil, 19 billion.
And it's at 54 cents.
Um, it's high in the previous run was like $3.
It's sort of stuck largely at this level.
Like it's not doing anything impressive.
I don't know that Cardano will have another run again of its previous magnitude just because
one, the chains like kind of slow.
Um, I don't even know how much stuff is actually built on it, but, um, maybe it'll do well.
I have no idea.
I'm always like wrong about these Cardano moves.
Like it's kind of embarrassing.
Um, doge looks like shit at, um, 8.2 cents.
It's fib level was like point 0.9, I think like, and like the fact that it's like not
doing anything is pretty embarrassing.
Um, so if you own some doge, it's like $12 billion market cap at the moment trading volume
of a 609, 607 million a day.
It's quite high.
Um, and it's still sort of dragging its feet down 95% from its high.
But if you're like thinking of getting into it, thinking that everything's going to run
and it's going to run, not a bad price, I would say.
Um, but like Litecoin and doge are simultaneously, like Litecoin and doge are simultaneously mined
by the same mining gear.
You can actually dual mine these things.
And, um, like if you look at the relative, um, prices of these two things, um, on the
one hand, Litecoin is probably the cheaper option here.
It's at $65, um, Litecoin's at $65 and it's, uh, market cap is 4.8 billion with a trading
volume at an impressive $923 million per day.
That's almost insane.
So it's about one fifth of its market cap is being traded at the moment.
If you were a gambler, um, and on, you know, and it's had a pretty good pullback already.
It's like, um, on the last three months, it's high with 78, it's at 65.
If you wanted a pretty safe opportunity, that's it right there.
Um, I would say like Litecoin, every cycle has been putting in higher lows, um, like higher
lows on the yearly.
And, um, if you just wanted to have like a safe bet, like, you know, your, your money's
probably not going to zero.
It's not going down very much.
$65 Litecoin looks very fair.
Um, it had, it's happening this last year too, this year.
Um, so it's happening has already been done and, um, and it's hash rate is secure.
It kind of like in the bear market hit like $113.
So at 65, I'd say LTC, it's not a bad choice for a high probability for a run.
Um, if you're interested in something like really, really simple, um, Oh, Gemini is
asking about Neutron.
Yeah.
I already talked about it earlier, but Neutron, um, is breaking out now, um, or already has
from the recent consolidation and its most recent Fib level, which is $1.36.
It's at $1.40 right now.
Um, so it pushed to like $1.52 and then just pulled back.
So yeah, if you want to enter into Neutron, this little pullback, if you want to buy like
a all-time high break, uh, not a bad spot, actually Neutron at this exact moment, that's
NTRN with the black icon with the little white arrows on it.
Don't get the wrong Neutron ticker.
But yeah, at this moment would be not a bad choice.
Uh, $1.40 is the, like, like the pullback from all-time high break.
And it's been consolidating, uh, have the weekly chart up.
It's been consolidating now for the fourth week.
Um, it's in price discovery.
It's a new coin.
It's secured by Cosmos Hub.
And, um, I think it ought to do quite well.
So, um, it is also available by the way on Mexi.
If, uh, you need a liquid environment to buy it, um, in any kind of significant size,
uh, you can also get Neutron and osmosis.
And I think, I don't know where else, um, I haven't looked very closely.
Um, let's see.
Someone asked a question.
What is required and what is the benefit of that?
Can anyone tell me?
I'm not sure what that comment was for.
Uh, what are your projections for Stargaze, Astroport, and Mars?
Uh, yeah, good questions.
Stargaze, um, currently at, uh, let's see.
It's been doing pretty well.
Stargaze is at 4.1 cents.
Um, it had a bear market, like, run, um, and it was at 6 cents at that time.
Um, so I think running from here to 6 cents is pretty much a foregone conclusion.
If it hits that, I think, um, it's still down 95% from its all-time high.
Um, you can't really use that for anything like the previous all-time high because the
initial all-time high for Stargaze was in like the peak of the bull market and it was
a brand new coin.
And everyone just aped into it.
So it went to like completely nonsensical market caps.
It's at a hundred million market cap now.
And for the amount of sort of usage of this chain, it's at a $500,000 trading volume per
day.
Just as a reference and point out Zephyr is at a $2 million trading volume per day and
it's half the market cap.
This is why I'm saying like you were to pick between like Stargaze and sort of Zephyr as
like the better buy is clearly Zephyr at this level.
Like it's volume hash rate and everything else is sort of like really, really obvious to me,
like better than almost anything else you could probably pick up today.
But I do think Stargaze will do fine.
Um, getting to a 200 mil market cap is probably readily viable because it did it during the
bear market.
So it's easily going to get to that.
I think beyond that, like, does it do another five X to a billion market cap?
Maybe, maybe it depends on how many cosmonauts are sort of like aping into this.
But I think Stargaze is going to be somewhat dependent on Adam doing well because a lot of
the look, you know, the AMM liquidity pairing with Osmo and Adam, I think if Osmosis and Adam do
well, then Stargaze is likely to because these are all the same people getting rich and who
will buy the token, right?
So are there a ton of new users coming into Stargaze to buy it?
That's highly debatable.
I don't know, you know, like, I don't know about that.
So I think it's mostly Cosmos natives that are buying the Stargaze coins.
That's kind of maybe the downside is that it's like limited exposure, I would say.
Um, Cosmosis is also very busy lately.
Like there's a lot more shit to buy, right?
Like back when Stargaze came out, there wasn't that many things going on in Cosmos, at least
not like in the NFT space.
And, um, between like, I think Luna NFTs and Stargaze NFTs, that was kind of like the thing
then, like you'd have to assume there's a gigantic NFT run again for Stargaze to do really well
also.
And that's usually a very, very like risk on type of thing.
And that typically happens when everyone's rich and all the other shit that they own.
Like they're like, you know, is Stargaze the one that's going to run more immediately?
I'm like sort of more doubtful.
I think if I'm buying its size, it's clearly Zephyr compared to some of these things because
the, the, the, I think overall upside, um, is kind of like, it's to me, it's like my upside
projections are higher for it.
Um, what else did you say?
Um, Astroport, um, talked about a bit earlier.
Um, Astroport is a DEX that basically is cross-chain DEX sort of, um, very similar to like an
Osmosis.
It's going to connect to lots of different wallets on different chains and you're going
to be able to, um, like trade all sorts of tokens and they're going to have like a home
base on every chain.
So instead of being like an app app chain, like Osmosis is, they're going to be like
a cross-chain DAP protocol, meaning there's going to be Astroport on Terra, there's going
to be Astroport on Neutron or something.
There's going to be Astroport on Injective and they can just simply copy and paste everywhere.
Um, so the user experience is similar and the benefit to the Astro token holder is to like,
is going to be accrued no matter which chain that they deploy on.
So that's kind of cool.
It's a different like modality for, um, capturing value.
It's market cap right now is 102 million with a trading volume of about 476,000, um, has
a fully diluted valuation of 266 million though.
So there's some like team tokens or some shit going on there, maybe community pool or something.
Circulating supply, um, is about half of the total supply of a billion coins.
Um, it is like, um, at 102 million market cap.
Um, I think it's got plenty of room to go.
Um, you know, can it long-term do like billion plus market cap?
Sure.
Why not?
Like so long as Cosmos ecosystems grow and Astroport keeps like throwing, um, you know,
throwing like, uh, DEXs everywhere on each of the chains.
I think that's viable to get to a billion.
Um, is that going to happen this season?
I don't know, but like that would represent about a 10 X from here.
Um, is it priced cheap right now?
Eh, I don't know.
Maybe not.
Um, but it's only like it's all time high was 30 cents.
It's 20% down from that.
So it's had a decent pullback.
Um, and it actually dropped even more than that.
I don't know what the exact drop was.
Let me see if I can find it.
Uh, let's see, seven day drop.
Cause that drop was just recently.
Yeah.
Pulled back to like, um, um, I don't know what this is under 18 cents.
It's now it's 24.
It's top was 30.
So Astroport's not bad.
It's kind of consolidating a bull flag.
Um, and you could definitely pick yourself up some of that.
Um, I bought it a bit lower than this.
Um, I don't remember what my actual price was.
Um, I thought it was one of those projects that was going to go to zero, but it turns
out it didn't.
Um, I thought with like end of Terra, like when Terra crashed and whatever, and they had
very, very little liquidity and like price action on Luna, I thought like Astroport would
be fucked.
Um, so I think at some point I converted my residual Astroport to like Luna and just had
it sit there.
Um, which is fine.
You know, my Luna went up, but at the same time I would have done better if I just kept
my Astroport in retrospect.
And, um, and, uh, I know Bruce got a good chunk of Astroport tokens that he he's holding
on to.
So his gamble is that like, if all these other chains succeed, then, then it should do well.
Um, it's a play on like Cosmos layer one since Astroport is deploying everywhere.
Um, so anyway, it's, it's not badly priced right now.
Uh, pretty good pullback, but it's, it's a little bit harder to gauge Astroport.
Um, as far as like, you know, what's a good price choice to pick this thing up at.
Um, let's see here.
Um, but again, it did do a good pullback, about a 50% pullback or more from the top.
Um, which is not bad.
Hmm.
Let's see what else is going on here.
Um, but I think like the, among the layer ones, like Neutron's a pretty good gamble just
cause it's like widely held on lots of different exchanges.
Um, because by an answer, whoever supported it.
So it's like everywhere.
So Neutron's really easy to buy.
So when it starts to run, like it'll find buyers cause so many exchanges have it.
Um, Kujira is like the less known coin.
It's less available everywhere, which is kind of a good thing.
Cause to me, it's like the harder it is to get, the more diehard the users are because
it took some work to find, uh, Kujira tokens and get, you know, hold onto them.
Um, and I think a lot of the folks that have it are a lot of Luna holders who know how to
diamond hand a coin because we've written literally to like, you know, infinity back to
zero again.
So it's like, um, I think, uh, Kujira holders have shown to be pretty resilient and a lot
of people who own Kujira are previous lunatics who got wrecked on Luna and are now doing quite
well on Kujira.
I think, um, can Kujira hit like 5 million, 5 billion market cap levels at some point?
Oh yeah.
I mean, like clearly, um, very, very feasible.
It's almost in the top 100, by the way, it's like, I think in the top 120 or some shit.
Let me look and see where it is.
It is currently Kujira is at, um, I think it was like one, yeah, one 10.
So it doesn't take much to get into the top 100, which then gets it even more visibility.
And then, you know, you'll typically run from a billion to two to 4 billion or 5 billion
around that range.
And, um, uh, you know, 10 X from here would be $50 Kujira.
It looks like it's getting close to breaking its $5 high and kind of like, it, it kind
of did that once.
And that kind of like fell below again, but I think it could get to that like 10 X from
here level still.
So I bought a bunch full disclosure a couple of days ago, uh, current, uh, price that I
bought that at was like four 97, I think.
So I'm, I'm like right about the same price.
Now I bought it because I got it at like when it first came out.
I, so I have it like at 50 cents or some shit, I don't know, some really cheap price.
So I'm, I'm in the green on that position, but I actually doubled my position of whatever
I had before.
So I've made a sizable buy, um, the last, uh, couple of days with the thought that like,
it's very high likely to run again, it's consolidated pretty good for about a month or so.
And, um, even if it dumps, who cares?
Cause like the reality is like, um, it's going to go up almost no matter what, like it's, it's
just such a good chance, a good set of projects on it that I think it's a, it's a fair gamble
at this $500 million market cap level to reach.
Yeah.
So to, I mean, like put it this way, a kosh is valued higher than Kajira at this moment.
And that tells you something.
So like, um, it can most definitely, um, you know, pull like those kind of like two X to
10 X type numbers from here without like too much, um, too much concern.
So I think it's a good buy at this point.
And I, and I personally got it a couple of days ago, even though I like, I'm literally
like buying the top.
Someone's like, why are you shilling at the top?
I'm like, fuck that.
Like, cause like all time highs are good times to break, you know, breakout trades are good.
That's why.
Like, so I'll buy stuff like after deep discounts, like, you know, pullbacks like Zephyr.
Um, I got plenty of that, like on this, on this, you know, like gigantic, um, um, like
retracement down to like 70%, um, retracement.
And then I'm, I'll get stuff at all time high just for the breakout.
So to me, it's like, uh, that's sort of like the two places you can like, like clearly
behind, which is why you see like the most volume at those two levels, right?
You see volumes at the very bottom after capitulation and you see volume be heavy, um, at breakouts.
And then you tend to see volume max out at like when whales and shit are selling the top
and like dumping on you.
Um, so there's like three kinds of places where there's high volume zones.
And then there's like these gray areas where everyone's like, I don't know, maybe it'll
go lower.
Maybe it'll go higher.
Maybe it won't like everyone's like in indecision mode.
I think there's no question.
Like the, the very high fib extensions, the very deep fib retracements.
And then like the all time high breakouts are sort of like the most obvious places to
grab things, um, generally speaking.
And, um, let's see what else is going on.
Yeah.
Someone said Celestia is getting close to price discovery again, um, which would not be surprising.
Um, although I would say like, I don't know, like at this point, um, between Celestia and
Kujira, I'd say Kujira is the more obvious buy to me.
Um, so, um, like Celestia has like a gargantuan amount of like team tokens and shit.
Like it's like 2.3 billion market cap with a 16 billion fully diluted value valuation.
Like what in the fuck?
Like, get out of here.
I'm not being dumped on by those retards.
Um, like get out of here.
Like, you know, there comes a point where you're going to have aggressive selling with
Now is that time now?
Probably not.
Like it'll, it'll do its aggressive thing, but, um, but with Kujira at 500 million market
cap and Celestia at 2.4, I think, um, like Kujira is like the more value buy here.
It's also the more unrecognized one, like the less recognized one.
So like, you know, maybe it doesn't run up as much as I think it will, because maybe it
doesn't have as much visibility perhaps.
But at the same time, I think a lot of the holders of, um, Kujira are kind of diamond
handed type crowd.
So I think that's like, that's been clearly demonstrated in its price action.
So I think that's good.
Um, anyway, um, yeah, if anyone has any other sort of like questions or whatever, um, I think
like, yeah, this, my impression just judging so far is that had we not had this recent Bitcoin
liquidation, then I'd be like, all right, um, you know, maybe we'll get like a sell the
news type of ETF thing.
But at this point, after having that like nice liquidation and just like killing off
a bunch of longs, I think if we have ETF announcements coming out, like it's going to be more, it's
going to be bullish at this point.
Um, I think the downside has been sort of like extinguished with those, um, liquidations.
Um, so that's why I think like some of the alts are already running people like, fuck
this, I'm getting in before it goes up and like, like new.
Trot and Kujira and Akash and all these things are already starting to pick up steam.
But, um, flight, what's up, man?
What are you doing?
Hey, man.
What's going on?
You good?
What do you have going on?
Do you have anything mooning right now?
Uh, well, I'm not going to lie.
I aped in heavier into Akash, um, you know, um, around what price?
Well, I mean, you know, we're talking really just, I mean, it was real minutes ago.
So it's sort of like three, 14, just now three, 14, you've got him kind of late then.
Well, you're trying to, you're going to run until when, until all time, how you think or
what?
Yeah.
I mean, look, I, I got in sort of like before new year.
When was it?
Like the 30th.
I kind of, I was, I, I, I, with Cosmos, I've really been lackadaisical to be honest.
Like, um, I, I, a couple of years ago, I staked a small amount of Adam and basically
I didn't know literally anything about the Cosmos ecosystem really, to be honest.
Uh, and I kind of faded it and stuff.
And I would, you know, it was thinking like, there were, there were a shit ton of, uh, like
airdrops.
I know, dude, I, there's a lot.
The funny thing is if you include the airdrops, a lot of people that like actually let their
airdrops run and then sold them had some of the highest ROI.
Oh yeah.
Like more than anybody, which is crazy.
It's just, no, I was smooth bringing the whole fucking thing.
I mean, like I didn't understand fucking even Kepler wallet properly.
I was running everything just on my mobile.
I didn't understand Kepler dashboard or, you know, it was just a shit show.
You know, I really kicked myself.
It's like anything.
It's like, what happens is, is like, you have to overcome like the inertia that we all have
to learn something new.
And it's like, everyone has that shit.
Yeah.
I mean, it's pretty embarrassing to be honest.
Badly.
After a while, I lose the bandwidth.
Like I had a cosh, I wrote that bitch down from like, I don't know, $2 down to like,
I don't know, 20 cents.
And I could have just clicked a button and just bought like easily bought like a ton of
a cosh.
Yeah, totally.
That you carry down here did.
And instead I wasn't paying attention because you just run out of bandwidth.
You're doing, oh, I know, whatever.
I know.
I know.
I'm usually in my case, the bandwidth, in my case, the bandwidth is usually, or was usually
being taken up by scammers and, you know, Twitter projects by sort of like, you know, fake influencers
who are really just kind of like drug addicts that are, you know, kind of like, you know,
kind of like, I don't know, doing some kind of like, representing some shady fucking mafia
people or something on, you know, I mean, I won't go into the whole details, but I mean,
I was involved in some really bad projects a while back, luckily got out of them and stuff.
But like, just trying to focus really on more kind of like core DeFi kind of protocols and
so on, like serious projects.
Yeah, like you're kind of sticking with quality.
Yeah, yeah, totally.
Yeah.
Because I mean, I was just, you know, kind of, you know, sidetracked by real fucking shit
before, really, you know, so I mean, yeah, I mean, kind of, I've really moved it much
more deeply into the Cosmos ecosystem, really, is only my third year in crypto, to be honest
with you, so still really learning the ropes, to be honest.
And yeah, but I mean, yeah, eight to about 10k of a cash, you know, this evening, I do
believe, you know, in the narrative and so on.
Um, so yeah, I'd, I'd had just a small bag before, you know, uh, but like, yeah, I got
in a bit heavier as far as, uh, Kujira goes.
I mean, uh, you know, I'm heavier into Kujira and I, I, I like, you do have to watch, you
do have to watch your cash close though, because like when it runs, it just, it'll probably just
moon because like on the narrative that it's set.
But no, it's just the way it's set up on the AMM and stuff, like, it'll just go crazy.
And then what will happen is like, you know, it'll have some kind of giga dump at some point.
So you just have to pick, you have to pick some level where you're like, all right, fuck
it, I'm out.
You know, like it is what it is.
Yeah.
Yeah.
Yeah.
I, I, I, yeah, I'm, I'm, you know, that was kind of my feeling, but it's good to, you
know, you've got a much better feel obviously on the, you know, and how, how all of these
different protocols kind of function and move and so on.
So it's good to get some insights, you know, um, I get the feeling with Kujira, like, I
mean, I, I got into Kujira about, right about October time, mid October.
And, um, I actually, I actually have a, uh, it was actually funnily enough.
It was a cousin of mine in London.
He, uh, he's involved in Kujira and a Kujira project actually in some kind of, uh, weird
way.
Um, he kind of mentioned it to me and I looked at, uh, it was under a dollar at the time
and I was just like, you know what?
I remember the name.
It wasn't that it was totally new to me, but I literally knew very little about the project,
you know?
And, um, so basically I just bought like a, uh, you know, a thousand dollars of, of it really
initially, and then just got in deeper bit by bit as I learned more about the
project.
I mean, it's just so interesting.
I mean, it seems like they've got a unique kind of approach really.
And it's, uh, it's kind of an ecosystem in and of itself, I guess.
Right.
Yeah.
It's like the way they did it was like, um, they created a permissioned ecosystem where
they only wanted high quality projects in their system.
So in order to deploy on that, you can't, it's not like a theory where you can deploy whatever
you want.
It's like, it's, you have to get sort of permission from the community in a sense.
Yeah, totally.
And, um, it has to get voted in and everything.
So it's different.
And then they, they sort of have like standards as far as like user interface and everything
else.
So, you know, that's not like, you know, uh, the most decentralized DeFi type of thing.
In fact, it's like, in a way it's centralized, but at the same time that allows like the creation
of a really, really good user experience.
So it is what it is.
Like, I think, which is fine.
Cause if you think about it, like how much stuff on ETH, um, is centralized?
Like, I mean, shit, like all these like arbitrary optimism, uh, they're all centralized.
I think you chose the wrong word that you said centralized, centralized, how much is decentralized?
I think you meant to say, right?
Yeah.
Right.
Exactly.
Like how many, like many of these things have various levels of centralization.
Oh yeah.
I mean, arbitrage is super centralized.
Of course.
Yeah.
So with, with all of these things, like to me, it's like the risk with something like
Kajir would be like something bad happens because like some execution problem and, you
know, like that leads to some catastrophe.
Uh, and it's also closed source, right?
So it's not, um, it's harder for like the general public to audit it.
So like to be on balance, like that would be the negative side.
The plus side would be closed source sometimes makes it harder for someone to exploit it because
they can't see the actual code.
Um, and so therefore like, you know, it's like your Apple phone or something, you know?
Yeah.
Oh yeah, absolutely.
Yeah.
Yeah.
Yeah.
The way I see, the way I see like the crypto spaces, like it's fine to have some projects
be more centralized and some to be more decentralized.
But if you think about it, like a million centralized projects becomes a type of decentralization,
right?
Like, yeah.
So it's like, you shouldn't, I don't think we should like think of these things.
It's monolithically as, Oh, your chain is not decentralized enough compared to this
chain.
And it depends, like, I think it depends on what you want out of the project.
I think some things, some things we want more decentralization.
Some, we literally want just a really good user experience.
And Kujira, I think like brings that user experience to the table.
That's really, really amazing.
So yeah, I, I, I mean, I, I largely agree.
Um, one, one thing I would say about Kujira, like, you know, and I know it's still, you know,
everything hasn't been entirely kind of finished and so on.
Uh, uh, uh, uh, have you been using the Sonar wallet on, on iOS yourself?
Ooh, I haven't at all.
I haven't at all.
I've just used the desktop thing.
Why is it good or what?
Yeah, it's good.
I, I just, I finally got around to, it's still on test flight actually.
So like, I, I just, um, kind of finally got, got my ass in gear and got involved with it.
Like, what was that?
About three, three or four weeks ago kind of thing.
And, um, yeah, I mean, largely very good.
I mean, um, you know, it's, it's absurd how much Kujira now have and have not actually used
the wallet.
Yeah, you should definitely check it out.
I'd be interested to hear your, your professional opinion, you know, cause you know, your shit
inside out.
So like you'd be able to give a better explanation than me.
Let me download it real quick too.
Um, it's the Sonar, right?
I should have gotten it.
Yeah.
Sonar wallet.
You should definitely check it out.
Yeah, absolutely.
It is.
In my head.
It's like, I have too many fucking apps.
I'm like, no, I know.
I know.
Um, but it is, um, no, it, they've done a good job there generally.
And, um, like it, it basically gives you everything in one place.
Um, like I say, I mean, it's not, it's not entirely kind of, uh, as, as it should be in terms
of, um, uh, it's kind of a little tricky to find the thin app on it and so on.
Is this spelled S O N A R?
Is it like, yeah.
Sonar.
Sonar.
Am I missing something here?
Sonar.
No, but you need to go, you get it through test flight.
So if you have test flight, download it.
Oh, okay.
Okay.
Yeah.
Got it.
Yeah.
I have test flight.
I have to go find it.
Yeah.
Yeah.
You can do that later.
Yeah.
Yeah.
Yeah.
Okay.
But yeah, generally, generally, generally good experience.
I mean, you have everything basically in one place there, you know, and you can pretty
much do everything, uh, you know, off of there.
So it's, um, it's kind of a bonus, but it does seem as though not many people seem to
have sort of, uh, investigated it fully as yet from what I can tell.
But, um, I wanted to ask you about Kujira alt, like for example, MN, Manta, Dow, MNTA is
actually, you know, who, who knows a lot more about that is probably slinks down here.
I don't know if she's busy at the moment, but I, I haven't bought, I haven't bought any
of the Kujira alt.
I have no idea, man.
Like I really like know zero.
But MN, MN, MNTA, Dow does seem to be one that's standing out from, uh, you know, for
me, I just did a little bit of research on it today.
And, uh, just in terms of the value prop and so on, I mean, that, that seems to be one that
might be worth kind of looking into, honestly, you know, I just see, I thought it was
green as well today, which was an anomaly coming up here.
Let's see what, let's see what she thinks.
Uh, Slinks, uh, you, Flight was talking about Manta, uh, MNTA, Dow.
Do you think it's like a good project and do you think it's like priced properly at this
point?
Like, what's your sense?
I think it's great because it's like the decks of, uh, Kujira, um, use their bridge function.
It's, it's really awesome.
I also think, um, obviously airdrops will likely be included in this, like not confirmed,
obviously, but we've seen some things.
I also think, um, okay, so Manta, um, what else are we talking about?
What are the other ones?
Oh, like Fusion.
Uh, yeah, Fusion, I was going to say as well, looks interesting.
Can you explain a little bit about that?
Because again, we're, I think most of us are here are a little, uh, kind of new to the
alts here.
So what would be your brief pressy about, uh, Fusion then?
I don't know a thing about it.
I just was like, oh, Kujira, it's the moon.
So I bought it.
Yeah.
That's as good a reason as any really.
Yeah.
Like pretty much any of like those got plankton, nutsack.
Well, nutsack's actually going to be interesting, but.
Yeah, that's the main one everyone knows.
The meme behind nutsack is going to be, or unstake for people in the audience who don't
know what we're talking about.
The other name for it is nutsack.
Yeah.
Those would, those would be the top three, really, when you think about it, really.
I mean, I don't know which would be kind of in the top place, probably an unstake and
then possibly, uh, Manta and then Fusion after that, right?
Yeah.
Look, I don't know too much about Manta and it's like tokenomics and this and that, but looking
at its chart, so coinhall.org is a great place to look at these charts and, um, its chart
compared to USDC, the, um, it's pretty much like copying, um, the exact same price action
as Kujira at the moment.
So you could argue that like Manta is a leveraged bet on Coogee.
I don't know how much liquidity, hold on, let me look.
Yeah.
What is the liquidity?
That's the kind of question.
Let's see here.
Um, really?
So, you know, it's like 13 mil market cap with a, um, let me see if I have the, uh, usually
this thing tells you how much liquidity is there.
Hmm.
Uh, open interest.
You know what?
I'm not really a hundred percent sure on here.
Yeah.
It's hard to tell.
I think with those, with those Coogee alts, that's one kind of, you know, slight problem
I have with them, you know, it's a little difficult to find.
Yeah.
Let me see.
Let me see.
Um, if I can find one.
Yeah.
I don't know exactly.
Like you'd have to go to the actual indexes and check, but the thing is like, you could
argue that if you're, if you're talking about small amounts of money and you don't really
care about like deep liquidity, then probably this is a leveraged bet on Coogee's price action.
And you'll probably get a lot more price action out of Manta than you will with Coogee.
But on the other hand, you have to buy a lot.
You have to sell a lot when the time comes.
You might, you might get into trouble.
So exactly.
And then you have to deal with slippage and fucking liquidity issues and so on.
Right.
Right.
Well, you may, you may not need to, well, we'll see how well Coogee does.
But at the end of the day, I mean, they're hardcore, like let's be left and or right curve
here.
Coogee is a hardcore whole cult full of terror people that will hold their shit for a long
time.
Right.
They will hold.
Yeah.
They're not stupid.
They don't just down.
Terror people have like serious patients at this point.
That's.
Yeah.
We're death spiral.
We still have our fucking Luna sitting investing for two years.
Right.
Like or whatever.
Yeah, exactly.
Yeah.
So, yeah.
So this is a crowd that doesn't give a fuck.
Yeah.
Yeah.
They're right or die.
Definitely.
So regardless of like what everything does, like people always ask me like, you know,
who actually knows what these things do is probably Rarma.
Right.
I don't.
Rarma probably does.
Yeah.
What I do is I do what, you know, Bruce does is if it has a vibe and it feels good and it
feels right, you go in.
Right.
You just feel the energy and the people out.
Will this thing carry and will this thing be held?
And are there idiots in the community or are they not?
And that's simple.
And then you make money.
Oh, absolutely.
So not very good points.
But I mean, I think another kind of obvious point about Kijera as well is the is the supply,
which is, in my opinion, very low.
I mean, correct me if I'm wrong.
What's the total supply?
Is 110 or 115 million?
Roundabout that kind of ballpark figure.
Right.
Of the Kijera tokens in total.
I seem to remember is 115 million in total, total supply.
But I mean, that's, that's obviously low.
Um, so, um, yeah, yeah, I've, I've not like, I think part of the thing about going into
like a bunch of little, like little alts and things, I think it depends too.
I'm like, whether you plan on like doing taxes with all this shit too.
So like, I think the, yeah, well, if you're moving a lot of money, you're being monitored
so now.
I'm not an America.
You know?
So it's more of a pain in the ass for us now.
So it's like, yeah, if I want to keep track of all that shit, that's another thing.
Um, yeah, I suppose you could use Coinly, can't you?
You can, but I don't know if Coinly connects to Kijera stuff yet.
I have no idea.
Not.
I know it's a service.
So it is, I found Coinly super useful, um, last season, but like, I think it, the thing
is, it may not be connected to that stuff yet.
And then you're like stuck with the question.
It'd be worthwhile checking out though.
It's possible because, you know, I think they're on their shit and, and, you know, Coinly
has traditionally been a very, very solid service.
So, and, you know, Kijera is obviously up and coming, so it is possible they, they do
support it now.
Yeah, they do know how to support Cosmos chains.
I don't even know if they have osmosis on there yet.
Oh, really?
That would be, like, that would be the more immediate concern.
Like, yeah, if you're going to be doing some of these things.
Yeah.
Um, if I'm in doubt, like, this is one of the problems.
If I'm in doubt, this is why I sometimes will go to a centralized exchange if I'm moving
a lot of money.
Absolutely.
One is liquidity, but also just recording the goddamn tax paperwork.
Jesus Christ.
Yeah, absolutely.
Yeah, completely.
So if any, any serious amounts of money.
Yeah, I think we've probably got a call coming in there.
I would imagine.
We lost them.
Yeah, yeah, yeah.
No, the sexes get a lot of centralized exchanges, that is, get a lot of shit in terms of FUD,
and rightly so to a large degree.
But I think, you know, if we're honest with ourselves, I mean, a lot of us, if not, you
know, all of us do, you know, to a greater or lesser extent, still continue to utilize
their services.
And that's not, you know, without reason, you know, we, we, we use them because, you know,
you can, they're user friendly, generally, they have deep liquidity, just all kinds of
reasons there.
And I think that there is definitely a gap in the market for a, not just a DEX, but, you
know, obviously multiple DEXs to, to offer something that truly does compete with that.
And, you know, to my knowledge, there isn't anything currently on the market that does compete
with that, you know, um, certainly not with a, you know, a, a somewhat reputable, um, sex.
Um, you know, I was, I was actually just got into KuCoin myself just, uh, last few days.
Um, I've had an account there for years, but I hadn't really investigated it too much,
fucking around with Mexi, you know, quite a lot, but which has its, you know, it's obviously
its upsides and its downsides as well.
But, um, yeah, KuCoin's pretty good, pretty impressed there, but I'm surprised KuCoin
don't have, uh, KuJira listed on them.
Actually, they have a cash, but they don't have KuJira, which is surprising to me.
And then obviously vice versa, Mexi have, uh, KuJira listed, but they don't have a cash
listed.
So you really have to kind of, with these kind of mid caps, you have to kind of, you know,
um, kind of leapfrog, leapfrog, leapfrog from one stone to another, or one lily pad to
another, I guess.
My apologies.
I kind of got disconnected there for a second.
Sometimes you don't call it like swaps over fine and other times.
Yeah, totally.
And I've got work phone calls that I get all day.
The tech stack.
Yeah.
The tech stack of, of, of Twitter or X is, you know, notoriously.
It's getting better though.
At least now you can reconnect to space as a host.
So it doesn't like kill it completely.
Yeah.
Completely.
Come in fast enough.
But like, sometimes my work calls, I get them all day and night and it's like, you never
know.
Obviously.
Yeah.
I get into this problem where I can't actually.
Do you think just quickly, do you totally, but do you think that, um, Elon will introduce
blockchain technology to X?
Like, um, that's just, that, you know, obviously it's not going to happen.
That's sort of the Dogecoin gamble.
Like, because he had made claims before that he might add like, um, you know, Dogecoin to
the system theoretically.
Well, yeah.
I mean, those were kind of like pie in the sky, kind of very basic kind of statements
really.
Yeah.
Although, although now they actually own the place, I guess it's quite possible.
I'm not sure what you do with it on, on though.
Like what would be the point?
Right.
Like, I mean, I guess you'd have a meme effect, I guess, but I'm not sure what you'd do with
Like you're going to pay someone with Dogecoin on here, like to do what?
Like to run their mouth.
I'm like, what's the, uh, what's the actual payment for system for?
I don't know.
Yeah.
Yeah.
Indeed.
So, well, I mean, you know, as we all know, he is planning on, you know, the original back
in the late 1990s, the original vision for, you know, for, for his, uh, company was actually
to, uh, you know, to be a full service, well, which was X at the time.
And then he subsequently re-bought the, you know, X.com domain, right.
If I'm, if I'm not mistaken.
Yeah.
He wants to be like everything app, basically.
Yeah.
The everything app.
Yeah.
Absolutely.
Which, which obviously at this point in time, largely revolves around financial services
really at the end of the day.
Right.
Yeah.
So, you know, I mean, it's like, yeah, it was a bit of sort of social media thrown in here
and there and so on.
But, you know, obviously the, the meat and potatoes of the app would be financial services,
right?
I would point out that like, as far as Dogecoin price action is concerned, like it's bear market
bottom, the actual lowest, like was maybe a nickel, 25 cents.
And right now it's at eight cents.
And it's below, it's like 50 day moving average and just a little bit above.
Fairly bullish.
It's fairly price right now.
Like, yeah, it's, uh, although it's done shitty so far, it only made it to its first
fib, you know, fib level at 93 cents.
I mean, 9.3 cents, but like, it hasn't done much yet.
But if you were to ask, like, what is a low risk play, you know, that's not going to zero
that like, if it would have gone to like less than five cents, it would have done so through
the entirety of bear market.
I think.
Absolutely.
So yeah, it's got very strong support.
Yeah, very strong.
It looks like Chainlink before it ran kind of number.
Absolutely.
I think like, like, it's not a bad play at this exact moment.
I mean, like, yeah, I mean, the problem, of course, notoriously with Doge is that, you
know, it did top out if, you know, correct me if I'm wrong, it was around about 74, 75
area, 74, yeah, April 2021.
So like, there are a lot of motherfuckers, you know, a lot of bag holders, you know, hazard
a guess that these are average Joes in middle America or whatever, you know, that really
bought, you know, bought after the Saturday Night Live performance by Elon and so on.
And, you know, they don't know, you know, anything about crypto.
So so it's basically just a case of sort of, you know, is this going to go up to, you
know, 30 cents, 20 cents, whatever that I can get some liquidity and get the fuck out
of this bitch?
Yeah, the volume, the volume like bar on this was at the like 26 cents.
There was a lot of distribution to probably new bag holders right around then.
Yeah.
And I think like that'll be the core resistance level.
But remember, like the other thing, too, is these are a lot of people that probably totally
forgot that they have any Doge.
Now, it's quite possible.
Like, yeah, true.
Dormant because like they just bought it.
It's like, you know, whatever.
Who gives a shit money?
Thousand dollars here.
Yeah.
Five grand there.
The distribution could be really good on Doge, though.
It like legitimately.
Yeah, of course, it comes back, of course, as well to the, you know, the question of total
supply as well, which is obviously uncapped.
Right.
So sure.
Sure.
Yeah.
Yeah.
It's a slight issue as well.
Which which, of course, makes it so that it doesn't have the BTC problem, too, where
where it doesn't.
Yeah.
Like it has tail emissions or whatever.
Right.
So yeah, exactly.
Exactly.
It becomes less inflationary over time, but it does have like it doesn't have the tail
emission problem.
On the other hand, over the last couple of years, I'm not aware of like, you know, any
kind of like, you know, mass adoption type situation for it either.
So no, the names are like, oh, it's going to be all the world's money.
And what if the funniest outcome?
Well, I mean, the strongest, you know, obviously the strongest narrative there with regard to
that is obviously, you know, they've got the world's not only the world's richest man,
but the world's most charismatic man, right?
You know, I would argue behind there and not everyone, no other, not just mean coin,
no other crypto project or any project for that matter can claim that, which is obviously
something truly unique.
You know what I mean?
Yeah.
Now that we're talking about it, I might get some more.
I get some.
Yeah.
Because, yeah, I kick myself, honestly.
I mean, I was one of the coins.
I was literally, when I first got into crypto, sort of like, was it like three years ago,
a little over three years ago, I was like kind of looking at this and just, I was, I
felt like I was looking at, I don't know, pornography or something.
It's just like, it was just like, Jesus Christ, man.
You know, I'm here for serious fucking shit.
Yeah, you're right.
I'm here for Bitcoin.
You know what I mean?
And I just felt kind of bad even just looking at that shit.
And I didn't understand the whole meme culture.
I, you know, it was a very, very new thing for me, you know, at the time.
And obviously, you know, looking back, you know, if I saw myself back then, I would grab
myself by the scruff of the neck and kick myself into the sea, you know, because I mean, it
was just retarded, you know.
It was so obvious looking back, you know, and I obviously, like everybody else, saw Sheeb
come, you know, saw it moon, you know, saw it, you know, when it was nascent and saw it
go to the fucking moon.
And yeah, I mean, it's just, I did, I did correctly, you know, deal with Pepe in the correct way.
I took that motherfucker by the scruff of the fucking neck.
But I mean, you know, that was obviously this year when you'd learned the ropes.
But at the beginning, it was, my God, you know, it was real kind of like, you know, just
listening to Bitcoin maxis and so on and, you know, listening to too many Michael Saylor
interviews.
And it was just like, man, you know, brainwashed with kind of maximalism, really.
And idealism, I guess, as well.
Oh, yeah, I'm with you.
I did the same thing.
I put this right curve, the entire movement for no reason.
For far too long.
I did make some money off Doge, though.
I think I ran it, I think I picked it up at like, I don't remember the price anymore,
but I did some kind of something like a 2X or 3X on it in the middle of the run.
Oh, really?
Yeah, that's not bad.
Yeah, I mean, I kind of played with it.
At least you were a prophet.
Yeah, yeah, yeah.
Yeah, I was just in and out of the thing, like, you know, which is fine.
Yeah, absolutely.
Yeah, it's just a swing trade.
I probably bought Luna with it, though.
Yeah, Jesus.
So, yeah, I did all right.
Oh, dear.
Yeah, what a fucking nightmare that was.
I just got a fucking quick story about the fucking Luna thing, right?
So, like, me and my retarded kind of early crypto, I mean, still retarded,
but, like, you know, back in those early days of crypto, right?
So, like, I got, I was, were you on Clubhouse, by the way, back in the day?
Like, before Twitter Spaces existed?
No, no, I heard, like, it was, like, a thing before Twitter Spaces that I was not.
Yeah, yeah, I was in there early.
I bought, like, I was in there when it was still invite only,
and I bought my invite off of eBay UK, right?
eBay.co.uk.
First, it was, like, eight pounds or whatever it was.
And this was back in February 2021.
Yeah, absolutely.
From a pretty cool dude, actually.
And so, you know, you would have your, you know,
you kind of, this person recommended me or whatever kind of thing,
and this guy was a cool dude.
So, it was all cool.
And, you know.
And this is to get into Clubhouse at the time.
Yeah, exactly, absolutely, yeah.
And it was, back in those days, it was only on iPhone as well.
Of course, it was, you know, Android initially for quite some time as well, you know.
Okay.
So, basically, yeah, it was basically, you know, on there and, you know,
getting into communities.
Because I knew I needed to kind of, you know, up my game.
You know, I was starting from zero and, you know,
just needed to learn the ropes of crypto, you know,
listen to people way smarter than me that have been in Bitcoin from the start.
That was the dream.
And kind of learn the kind of, you know,
the ropes in terms of, you know, what the whole game was about, really.
And to an extent, I guess, I did that.
The problem was that I got sidetracked by the notorious cabal of scammers,
which were operating on Clubhouse at the time.
Oh, really?
Yeah, yeah, yeah, absolutely.
Various kind of subsects of that.
And that was financially fatal, you could say.
You know, it was, you know, certainly kind of like, you know.
I've been around since, like, the internet barely was a thing.
So, the thing is, like, I've been around those groups.
And you know your shit.
And it's being, like, early hacker boards and stuff like this and everything.
Yeah, yeah.
So, it's like, yeah, like, the denizens of the internet are well known to me.
And that's where that was.
Oh, yeah.
Yeah, yeah.
I mean, I think I just got way too caught up in the whole kind of, you know, just the, the, the.
Dude, if you remember, I'm sure you well remember the vibes of the early, let's say, the early bull market, the last bull market.
It was fucking crazy.
And you were obviously an experienced dude.
And, you know, not just in crypto, but generally speaking.
So, you know, you knew how to keep your feet on the ground, right?
Imagine someone coming in completely new and fresh, you know, to crypto at that point in time of the biggest, you know, the biggest bull run up to that point in time.
Like, literally having to, you know, learn from literally the ground up.
I mean, fuck me, man.
I mean, it was fucking crazy.
You know, it was like.
Well, it seems like you went down more of the rabbit holes than most, though.
You learned a lot more than most, I would think.
Yeah, yeah, yeah.
I mean, dude, I was there.
Like, I was there before Board 8's minted.
I knew about the Board 8 mint before Board 8 started minting out, okay?
And bear in mind that Board 8's top died at $450,000 for a floor ape in April 2022, okay?
Because I wasn't paying attention to ETH DeFi, and I wasn't paying attention at all to the NFT space at all.
Like, zero.
Right, right, right.
Yeah.
To my detriment, I suppose, or whatever.
Well, on paper, yes.
But, like, I would sort of say, like, you know, dude, it was, oh, my God, it was like a fucking bullet.
Which is kind of embarrassing, because, like, the last major ETH buy I made was, like, in that, is, like, sub, I don't know, it was, like, when it dipped below $100 or so.
It's, like, remember when it dipped down to, like, close to $70?
Oh, yeah.
Well, that was March 2021.
That was that the COVID dipped, literally, when the world shut down.
I think it hit $80.
It could have hit $70, I'm not sure.
But, like, that was...
No, no, no, no.
It was before that.
It was, like, the 2018.
Oh, before, oh.
Right?
Like, no, there was a run in 2018, and then it dumped, right?
Like, I don't remember the dates anymore.
But, anyway, it was really cheap.
But I hadn't paid attention after that.
I just held my ETH, and I just left it sitting there.
That's it.
Yeah, well, the previous runoff was...
February of 2020, it took that dip.
February of 2020, right before the shutdown.
Yeah, I spent no effort learning.
Yeah, I think it was March 2020.
Yeah, I think it was March 2020, honestly.
Yeah.
And then on top of that, like, I was one of the people that had to deal with COVID, like, literally, like, as a job function.
And so the problem was, like, that whole 2020 year, 2021, was busy as fuck for me.
So it was, like, it just wasn't on my radar to keep up.
No, I can only imagine what it must have been like being in the medical field for that year.
Oh, those several years.
My God, that's just a complete nightmare.
But, yeah, I mean, no, to cut a long story short, like I say, I mean, you know, I was...
I knew about Bored Aids even before they started minting.
I mean, they started minting on the fucking 21st of April, 2021, right?
They didn't mint out until the 1st of May, 2021, right?
So there was 10 days there where you could literally buy them for the mint price of 0.08 Ethereum, right?
Which, at the time, obviously, you know, I mean, I'm not going to lie to you.
I mean, I started off my crypto journey with a solid old bag, you know, and I had the fucking Ethan shit.
No fucking problem whatsoever, you know?
You just kind of faded it.
You just probably didn't pay attention.
Dude, I'll be honest with you.
I didn't like the art, okay?
I mean, it's...
Yeah, it's pretty shitty art.
Well, I don't know.
I'm not making a judgment now.
What I'm saying is my retarded fucking self back then.
Man, I did honestly...
Yeah, like, they're fucking ugly monkey pics or whatever.
I didn't like the art.
And I'll say one other thing as well.
I mean, I'm a white dude from Ireland, right?
So, I mean, but in terms, I'm big on sort of, you know, equality.
I don't like racism and stuff like that.
And I had a vibe, right, that this was a fucking racist fucking trope.
This was just, I don't know, baiting, encouraging racism or something.
That was the vibe I got, honestly, before everybody else started talking about it.
I just didn't like the vibe of the art.
It kind of, I don't know, set off some censors in me or something.
I was like, whoever's trying to do this is trying to fucking bait people.
I don't like that.
You know, I don't like that kind of conflict.
You know, everybody should be equal regardless of skin color and whatever.
You know, it's like, you know, it sat, you know, uneasily with me.
So, I was like, I faded it on those terms.
Bruce is funny.
Because remember when there was like this controversy that like the Bored Apes was like,
oh, there's like some Nazi, you know, whatever, like, you know, imagery in the thing and whatever.
Remember that?
Yeah.
Bruce went all funny.
There was one of our friends that happened to be like a hardcore Bored Ape guy who was like a lunatic.
And I remember Bruce kind of started making fun of him on Twitter.
He's like, okay, listen up, Nazi.
And, you know, I don't know what he said, but like he just kind of like, he just kind of like started having fun with that whole concept, which is great.
Oh, totally.
Yeah.
I can well imagine that.
Yeah.
Yeah.
And so, and I think relatively soon it kind of, you know, it came out, that whole kind of thing.
I mean, I don't know.
There's no money to go down a rabbit hole of Bored Apes.
That's not the topic of, on the agenda or anything.
Yeah.
It's kind of.
Well, yeah, it was just interesting how like that whole season, there was all sorts of interesting things going on.
I mean, I suppose, yeah, you're absolutely right.
It's kind of, I suppose my original point was, I just wanted to say that, you know, it was kind of, I suppose that was the main kind of like crazy point.
There were many crazy points, but like the, the huge, crazy kind of, uh, uh, uh, Pico top craziness of that whole kind of crazy bull run.
And, um, but yeah, I mean, but I think my original point as well was that like, um, you know, I, God, I, I put, I could put quite a lot of money into Danny, Danny, Danny Sester's Wonderland.
You know, do you remember Time Wonderland?
Oh yeah.
I remember thinking like.
Um, so I wasn't involved at all with like, yeah, that or, and I wasn't involved at all with the, like the Ohm, um.
Yeah.
Oh, right.
Yeah.
So at the same time, like these things were kind of running and they're like, like, you know, Supreme Ponzi-nomics, which is like fun.
Yeah.
But I remember going like, oh, I faded these things too.
And like, and of course they, they got, you know, uh, they, they did really poorly at the end.
But dude, dude, this is the funny thing about that show, right?
There are some dudes out there, right?
Who made fucking bank on that shit.
Like serious bank.
The thing about it was.
Oh yeah, it's all about being early.
Yeah.
Because the thing about, and it has a lesson as well for everybody as well, maybe in the
room and stuff, right?
To, to, to maybe pick up on is this, right?
Not least because of the fact that Danny Sester is actually having his fucking MN, um, ask
me anything tomorrow.
Oh really?
Yeah.
What new coin has he got going on?
Dude, dude, this is the deal, right?
He, it's at five o'clock.
Like it, uh, it's going to be a big space.
It's five o'clock.
That is European time.
I don't know what that is with you guys, but like probably late morning or mid morning
or whatever.
Uh, but like, basically like, um, he's launching on Mattis blockchain, right?
Uh, L2 of Ethereum.
And basically his new project, I mean, I don't know.
I don't want to go into the whole fucking thing.
I'm not shilling him or anything.
The guy's a motherfucker, fucking hate him to be honest, but like, um, it was kind of
comical, the whole, the whole fucking thing.
But our original point was that like that launched in September of 2021, right?
Now, if you had been in for the course of the first, let's say month or possibly month
and a half, right?
You made out with fucking bank.
Okay.
If you played it correctly, right?
Uh, if you got in, in the latter half of October, 2021, or, you know, November onwards
of 2021, and you played it fucking stupidly, you got royantly wrecked.
That's the fucking long and the short of it.
You know, that's what happened.
Oh yeah.
You can, you can make a lot more mistakes when you're early.
Oh yeah.
Yeah.
Yeah, absolutely.
You can, you can make a lot more timing errors at the beginning.
Exactly.
Exactly.
Which is a really important consideration.
Look, the, the basics of it are that the smart people, right?
Okay.
Cause do you remember it was divided into epochs?
There were, there were three epochs in each day.
Each epoch lasted eight hours, right?
And there's three times eight is 24 hours in a day, right?
So you'd have these epochs and you'd fucking log in basically like, what was it?
Like you'd fucking, um, I don't know, restake or whatever, whatever it was that you did,
right?
You pay a bit of AVAX gas.
Oh, you had to keep going in there and pushing a button every so often.
Yeah, exactly.
Exactly.
There was no kind of auto compound kind of function.
It's like, it's really good.
And you had the Lambo calculator in there as well.
The notorious fucking Lambo calculators.
So you could see how many Lambos you could buy, you know, whenever the fucking price hit
this level and stuff.
And you saw that within your D app, you know, it was fucking crazy.
Yeah, exactly.
They didn't have a Porsche, you know, calculator, unfortunately, because the guy doesn't have
taste, obviously, you know?
Wait, wait, wait, wait, wait.
That was a classic feature.
It was.
It really was.
Oh, there's a new one, guys.
I'm in.
And I'm in Sinkistau.
I'm doing it.
Yeah.
What is that?
Give us the TLDR on that one.
I don't think I know.
Dude, it was crazy.
It was like so professional looking.
And then you just got to scroll through there.
Just scroll through their Twitter page and you'll see some things and you'll be like,
oh, this thing's going to fucking moon.
Hold on.
Is that a new one?
Is that a new one or back in the day?
Wait, what are you referring to?
Oh, it's new?
New.
Okay.
Wait, where and what is this?
I also aped into it and then guess who follows them?
Coach Bruce.
Who else?
He loves that shit.
He fucking loves that shit.
What is it exactly?
I'll send it.
Or should I post?
Or whatever.
I'll find the funny post that I'm referring to and I'll post it up top here.
Yeah.
So that way we can enjoy the shenanigans.
Okay.
Hold on.
One second.
The number one function of the altcoin space is entertainment for sure.
If you're not entertained, you're doing it wrong.
You have to have some fun just goofing off and that's the thing.
The memes and all that.
The whole thing is just hilarious.
I mean, the Lambo calculator.
That was epic.
There was also like all sorts.
Remember when there was like all sorts of funny shit on like Binance Smart Chain?
Like that was the time of like the 300 million percent APY type like LPs and stuff.
And you got paid in some like, you know, pancake swap coin and shit.
Remember those things?
Those are funny.
Too, too funny.
The safe moons and whatever other crap that was on Binance Smart Chain.
Like I went over there a couple of times.
I was like you, man.
I was like I was like I felt dirty just touching the chain.
I was like, what is this shit?
Like what am I doing here?
Yeah, exactly.
I mean, Binance Smart Chain, obviously, like I'll be honest with you.
I didn't get into it personally myself, but I did listen to quite a number of people.
You know, some of them experienced crypto people like talking about it and giving their opinions and stuff.
So like it was was always interesting, intriguing to me.
I found it kind of just very sleazy and very kind of like I don't know how best to describe it.
They have super low gas fees over there.
So you can kind of like you've got a lot of projects there that kind of spun up just as complete and utter rugs, you know, which is, you know, obviously the case on other chains as well.
But I mean, the fact that the gas fees are, you know, notoriously low over there, just, you know, especially back in the day, it was, you know, obviously, you know, Binance ecosystem now is not what it was back in the fucking couple of years ago.
But I mean, you know, much about stuff from BNB.
Is that just no problem anybody or is it just like that or what?
Dude, I'm not sure, to be absolutely honest, because I mean, you know, I'm just not in those circles and stuff, really.
So there was Twitter spaces like crazy about like various BNB shit going on back.
Yeah, completely, completely, completely.
But I haven't noticed much.
There was an immense boom.
I mean, I heard I heard from a dude in Dubai that I'm kind of, let's say, friendly with, you know, he's deep in crypto and he knows his shit.
But he basically said, look, you know, CZ fucking made a ton of his money, you know, you know, back in the day, years ago, you know, off of just basically pumping Binance Smart Chain and making it the mecca for for hardcore degenerates, basically, you know, and he just made such a fucking ton of money.
It was just not even, you know, fathomable, really.
So you think like CZ kind of used like the price action for the meme coin?
Yeah, I mean, dude, dude, dude, I mean, come on.
Look, CZ is a fucking, as much as he's a super smart guy, he's also a super big degenerate as well.
Let's be honest about it.
Okay.
You know, that's just the fucking reality.
The more intellect, the bigger the degenerate.
Yeah.
Yeah.
I mean, I love the guy.
He's, he's a, I personally consider himself to be one of the smartest guys in the world.
And I respect him fully, but my God, that guy's a degenerate.
There's just no doubt about it, you know, and fair play for him.
Yeah.
I'm not, I'm not knocking him for him.
He's got that Chinese gambler look about him.
Dude.
I mean, you can just tell he understands memes.
The fact he's probably the only fucking CEO of a fucking exchange that actually properly understands memes.
It's like, you know what I mean?
Yeah, yeah, yeah.
Like, name one other fucking CEO that actually gets the fucking culture and shit.
Like, CZ does.
You know he does.
Like, because he's just that smart.
He's that tuned in.
You know?
All the rest of these guys are stuffed suits.
Right?
Like, it brings people in who aren't as into crypto, because usually they're, they're at a low price and low market.
Exactly, yeah, yeah, yeah.
The business decision.
Well, this is the thing, right?
CZ, part of the, it's not just like he knows mathematics better.
He's a bloody, you know, an excellent manager of people.
He knows human resources.
He knows, you know, business dynamics and so on better than everybody else.
He understands the culture better than everybody else.
And he knew how to build that platform into what it became.
He knew how to make fucking billions out of it.
Okay?
Which none of these other chumps knew how to do.
Okay?
That's just the reality.
Okay?
Brian Armstrong, are you fucking kidding me?
Guy's a stuffed fucking suit with a bald head.
Yeah, really.
He really is.
You know what I'm saying?
You know?
Yeah.
Okay, Jesse Powell, huge respect.
You know, this guy's running a serious platform.
Great customer service at Kraken and so on.
You know, amazing experience and full respect to the dude.
But come on, Kraken haven't, you know, I mean, pretty big exchange.
But, like, they could have done so much more.
But, again, they were kind of hamstrung by the fact they wanted to play it legit and so on.
And respect for that as well.
CZ, he was just playing things like a bloody dude in the Wild West.
Well, part of it was, too, like, anything U.S.-based, like, the problem was, like, what kind of products they could offer in terms of leverage.
Yeah, you can't do it.
You can't do it.
Exactly.
And that's basically what's been the issue.
Yeah.
It's like, so, that's how, like, CZ got his wings is because he was able to do this.
He circumvented that shit.
Yeah, circumvented it.
Yeah.
Exactly.
Totally.
Totally.
Yeah.
I mean, dude, it's, you know, fucking crazy.
I mean, honestly.
But now is obviously a new era ever since he stepped down and stuff.
I mean, Binance is obviously basically run by the feds, essentially.
You know what I mean?
And because, I mean, my understanding of, you know, in terms of Binance Smart Chain is that Binance are basically sort of saying, like, oh, that's not us.
Oh, somebody from the community set up the fucking blockchain or something.
You know what I mean?
Right, right.
Like, that's my understanding of how things stand with that.
Yeah, I mean, because they're under a microscope, it's quite possible that, like, some of the same, like, Binance Smart Chain shenanigans won't be so easy for them to orchestrate.
Exactly.
Because, like, they have to keep their hands clean now.
Exactly.
Dude, it's, you know yourself, Binance is now run by the feds.
Like, it's not a fucking joke.
That's a fact.
Like, the feds are in the fucking site.
Yeah, it's like, well, whether it's run by it or not, it's like, you're under the knife at that point, right?
But that dude, that dude, is he called Richard Tang?
Is that the new CEO?
Like, he's essentially a fed because he's a regulatory dude.
Look at his background.
Look at his fucking CV.
Like, he's a regulator himself.
You're saying he's not going to be that interested in, like, listing tons of degen coins.
Dude, obviously.
And aside from that, never mind the fact that he himself is essentially a fed by virtue of the fact that he, his career has been in regulation, right?
Like, they've got, you know, they've openly admitted that they've got a team of feds inside of Binance now basically combing through every single, well, I'm not going to say every transaction, but do you know what I mean?
Like, they're inside overseeing shit.
Yeah.
So, I mean, yeah, I have a Binance account myself.
You know, like, in Europe, they had a really good Visa debit card system, you know, worked really well.
And then they stopped supporting it on the 20th of December.
So, like, that's another thing by the wayside, you know, just another example of one of the features they're culling from the, you know, from their offer, which is a shame.
Yeah, I've never really been into Binance because I've never really used it.
So, it's like, yeah, if you're in America, you don't use Binance generally, you know, because Binance U.S. is obviously not Binance.
I mean, you know, Binance U.S. basically just generally sucks.
It's complete shit.
Yeah.
You didn't have much on it.
No, there's nothing there.
Yeah.
It's a skeleton exchange, basically.
Yeah.
No, I mean, Binance.com, I mean, you know, but in CZ era was literally a one-stop, you know, one-stop shop for crypto.
It really had DeFi there, you know, the debit card and, you know, all kinds of things like, you know, yield farming and fucking, you know, Web3 app and all kinds of things.
Bit by bit, I think they're coming back on it, you know, because obviously, you know, the feds are involved now and just kind of changing the game, really.
But it's a shame, but, you know, we're in, it's part of the game, you know.
Well, the biggest difference, I would say, is, like, between KuCoin and Gate and Binance and some of these, what they've done is they've made it definitely harder for, like, U.S. users in terms of KYC.
Oh, immeasurably harder.
Kicking people off.
So it's like, you could probably still get there if you really, like, you know, really mess around.
Hardcore VPN your shit.
Yeah, and then, like, you could probably do some fake KYC shit or something.
Like, I'm sure you could kind of get there, but the point is, like, it's made it, the friction high enough.
Friction has been, yeah, maximized, yeah, yeah.
Yeah, the new users that, like, even if they wanted to, they're going to, like, ah, fuck it, they're going to give up.
And so, it's kind of a negative to the alt space in many ways.
Oh, it is, yeah, I agree with you.
It does make it harder for everything to catch a bit if it's not on, like, the main exchanges and stuff like that.
Oh, absolutely so, yeah, yeah.
I mean, I have heard that, you know, even MEXC is kind of a bit of a bitch to use if you are stateside or also…
It's been fine.
Like, just a simple VPN will get you to MEXC.
So there's not a big KYC.
I would definitely get one of those accounts just because, like, you find good stuff on it.
I mean, I myself have a MEXC account, you know, longstanding MEXC account.
You know, that's not for me.
I'm in Europe.
So, I mean, you know, I don't know what to talk.
You know.
So, like, yeah, it's been good for Zephyr in terms of liquidity.
Yeah.
It's been good for…
You know, my suspicion is here, like, one of my theories is that sort of, like, there has been kind of a new attention on these smaller exchanges.
Like, for example, MEXC and then…
Which is not really small anymore, I guess.
I mean, it's quite large, actually.
But there's some other ones like these trade ogres and no KYC.
And what's happening is because…
I think because Casper ran.
Yeah.
And, you know, a lot of people got used to these names because, you know, they went in there to buy Casper.
Yeah.
Because, like, looking at Casper, they're on, like, they're on Gate, KuCoin, and whatever.
But, like, if you're US, it would be easier to get it on, like, MEXC.
Well…
It was, like, Zegex.
No KYC.
The point is, like, I think the coins that are getting released on these things are getting a bit more attention lately because of Casper's run.
Right?
Yeah, I would tend to.
If you're going to go find, like, a microcap or something that you want it to go moon and you want it to be, like, only hardcore crypto users that are buying it and, you know, where, like, they're more diamond-handed and stuff,
you're probably going to find that sort of shit on these, like, little mini-exchanges.
Oh, I mean, that's beyond question.
Yeah.
Yeah.
Absolutely.
Yeah.
So, like, I think there's a play there in the sense that, like, for the bull market, it's almost like you grab all sorts of random shit that's on these little bitty micro-exchanges.
Yeah.
Yeah.
The funniest one is No KYC.
Yeah, yeah.
No KYC.
It's actually called No KYC.
Oh, my other favorite one is…
It's too funny.
Safe Trade.
Safe Trade.
Oh, Safe Trade.
Yeah.
No, Safe Trade.
That's the sketchiest fucking name ever.
I bought my Qubic…
Do you know that project, Qubic?
Q-U-B-I-C?
Are you aware of that project?
I remember the name.
I don't remember the details.
It's got quite, let's say, interesting tokenomics to it.
I'm sure.
Going into in-depth, it's something like, I don't know, a thousand trillion fucking total supply or something, but they have some kind of an interesting burn function mechanism or something like that.
That kind of allegedly makes it sustainable or something like that.
Okay.
I'm not shilling it by any means, whatever.
I bought a bag.
I've got a bag.
It's 24-hour trading vault.
Is this QBT or no?
No, no, no.
It's Qubic.
You'll find it on CoinGecko, actually.
Q-U-B-I-C, Qubic.
You'll find it.
If you look on CoinGecko.
Okay.
It's got a black icon.
Yeah, I think it's black, but yeah, you'll find it definitely on CoinGecko.
Yeah.
$348,000 trading volume.
Okay.
It doesn't have the market cap numbers on here, so I don't know what it is, but that's funny.
Yeah.
Yeah.
Yeah.
Yeah, because you know what CoinGecko are like.
You know, if it's only on a tiny exchange or something, they don't have the accurate kind
of info and stuff, you know, it tends to be the way it goes.
This thing been on here since, like, November, so you picked this thing up for fun.
Yeah, I picked it up.
I picked it up.
I got involved, was it October or November?
Oh, it's on SafeTrade, too.
Yeah, SafeTrade.
I bought it, yeah.
SafeTrade, yeah.
I still got it on there, because they do have their own native wallet, but, like, apparently
it's so confusing, I didn't even bother trying, actually.
So, and that, I did actually.
Well, look at this thing, 99.96% of the volume is on SafeTrade.
Oh, of course, dude, because it's only on SafeTrade.
Like, I don't understand why the fuck they haven't put it on Maxi or something, to be
honest.
I've been saying that for months.
Why the fuck?
They probably don't have the money or something.
Yeah, yeah.
And, I don't know, it's so shady, dude, because there's a couple of influencers on Twitter,
right, that are fucking, I'm not going to say hardcore shilling this shit, and these
guys, in fairness to them, they do have some decent calls and some solid calls and shit.
They're not complete jokers.
But, I mean, the point is, like, you know, this dude braver crypto.
It's a cubic AI training service.
Yeah.
It has all the buzzwords for the AI.
I know, I know, I know, I know, I know, I know.
Like, this dude braver crypto, I mean, he's, like I say, he has had some solid calls, but
he keeps saying that, like, you know, what if I told you that, you know, 40 billion cubic
would be, give you, like, 10 million dollars in fucking three years?
Yeah, of course.
I mean, dude, I, like, I've been in this bitch for fucking three months, and I, I'm
down, or, oh, I'm not down, let's say, I'm marginally down.
You're, like, developed, you're, like, where are the devs, what are they doing?
I threw, like, a couple of eth at it, or something like that, nothing fucking huge, or anything
like that, but, I mean, you know, it's just, like, you know, I'm in crypto, I'm not here
for the fucking stock market returns, I'm here to make outsized fucking gains, dude, you
know what I'm saying, and I don't need to hear fairy stories, or microcaps, you're
in it for the upside, yeah, like, unless you have some religious belief in their projects
in some kind, yeah.
Not here for ghost stories, or fairy stories, fairy tales, or anything like that, I'm here
for fucking gains, you know what I'm saying, and I don't give a fuck, you know.
And every so often, there's, like, an actual good fairy tale in there, the problem is you
keep finding it, that's the tough part.
Dude, listen, this is the problem.
Separating the vaporware from the.
Yeah, yeah, the fairy tales do exist, and to go back to the fucking, you know, the much
maligned, bored apes, I mean, that was essentially a fairy story, wasn't it, really?
Because, I mean, look at the fucking, look at the fucking basics of it, right?
So, you know, so what do I do here as a normie, right?
So you buy a picture, a pixelated, or, you know, an image of an ape, right?
Who's dressed up as a sailor, or whatever the fuck he is, right?
Or, you know, wearing a dress, or whatever, even though he's a man, right?
Even though he's a man.
And basically, like, that's going to be worth a floor price of $450,000 one year later,
which is what happened.
Now, that's a fairy tale, dude.
If you told me when I was 10 years old, right, that that would happen sort of, like, several
decades down the line, I would have been like, get the fuck out of here.
I don't need to hear any fairy tales.
It's not going to happen to me.
You know, it's never going to happen, dude.
You know, honestly.
Because that was just too much in the realm of impossibility.
You're going to buy Lambos with your monkey picks on the internet.
Yeah, yeah.
Just too much in the realm of impossibility.
You know, it's funny, though, like, back in the late 90s, I had a record-breaking sale
for my, like, EverQuest character on eBay.
Yeah.
And, like, so if anything, it would have been me.
Shit, you were on eBay early.
No, I was, yeah.
I mean, like, if there was anything, anybody that would have been, like, you know, should
have understood sort of the NFT movement early or paid attention, it should have been me.
But I literally had, I wasn't, it wasn't even on my radar.
I wasn't among those communities, so I didn't know what was going on.
A lot of that was going on, like you said.
It was, like, early Twitter spaces, early.
Early clubhouse.
Clubhouse.
And that's where people were talking about it.
And I just wasn't doing social media much at all.
Yeah, because you were actually working a serious job in a fucking time.
Well, but I was on other platforms, though.
I just, like, even if I did play some, like, you know, BTC shilling and whatever.
But, like, I did a lot of that.
But, like, I wasn't on the spaces that were talking specifically about NFTs and things.
But, like, if anybody, like, could have understood the valuation of that sort of thing, like, it would have been me.
Because, like, someone bought, like, with crazy amount of money back in, like, 1999, 2000, right about there.
Like, like, my freaking, like, video game character that I leveled up for God knows how long with really, like, great equipment and stuff.
Which, and I literally had a record-breaking sale at the time.
I think it was, like, five grand or something.
That is fucking crazy.
Because back then, dude, $5,000 was not what $5,000 is.
Not even now.
Oh, yeah.
That would be a fair old sale.
But, I mean, dude, $5,000 in the late 90s?
Dude, you, you know, that was.
I was basically in medical school at the time and stuff.
And so I was, like, I mostly just sold the character to Rage Quit so I could stop playing video games.
Because I was, like, too big to do that.
That was a good strategy.
Nice exit strategy.
Yeah.
All right.
So, like, then I'm not going to stop playing.
Because did eBay, am I correct in thinking eBay started in 1997?
Or if not 97, it was 98.
One of the two, I seem to remember.
Yeah, I don't remember the exact date.
But, like, soon after, like.
I'm pretty sure.
Soon after, like, that became popular with, like, eBay and RuneScape sales.
Ultimately, eBay actually banned video game character and assets.
Yeah, they were such cucks.
Complete cucks.
Yep.
Part of it was because, like, there was a lot of, like, scamming and illegal shit going on, too.
But there.
Yeah.
Yeah.
But that was, like, a thing.
Like, I taught the heyday of that at that time.
Mm-hmm.
Yeah.
And tell me this.
Because you were obviously a smart dude back then.
You know, here to the ground in tech and stuff.
Did you know about, like, Adam Back's hashcash, which he started up in 1997?
Like, were you aware of hashcash back then, for example?
Like, because that was a precursor to Bitcoin, obviously.
I wasn't paying attention to that at that time.
You know who Adam Back is, right?
Yeah, I know who Adam is.
But, like, no, I wasn't paying attention to his stuff at the time.
Right.
Right.
And it was, like, the earliest, sort of, I got, sort of, involved is when, like, basically
is because, like, I was a, you know, I was a student and such around at the same time
that Hal Finney had ALS.
That's how I got, like, connected to all this.
Oh, okay.
Okay.
So, like, medically.
So, when did you find out about Hal?
What's that?
When did you find out about Hal?
Like, when did you become aware of him?
No, like, as a patient.
What?
Yeah, this is way back.
You, you, you, you were his daughter.
Yeah, preferably.
I was still kind of, like, in training and shit.
But, yeah, like, that time he was.
You met him in person?
Yeah, yeah.
Holy shit.
What year would that have been?
Um, let me think.
Like, this was, um, oh, my God.
It was in the 2000s sometime when I was a fellow.
Because he, correct me if I'm wrong, he died in 2014, right?
Yeah, yeah.
This was back in, like, maybe, oh, four, maybe?
Oh, three.
Sometime like that.
Okay, okay.
When his illness became apparent, right?
Yeah, yeah.
Like, 10, 10 years back before he died.
Yeah, that's how kind of, like, um, yeah.
That's kind of how I kind of peripherally became sort of, like, involved.
Associated with him.
So, like, secondarily, like, yeah.
It's, like, a weird kind of thing.
But that's, that's, I had no clue about that, dude.
That's so interesting.
Holy shit.
In fact, I have a patient dying of ALS today, for that matter, technically speaking.
Oh, my God.
Yeah.
Since that's, like, my area, like, you know, you tend to.
Oh, yeah.
Yeah, it was kind of an interesting sort of, like, segue into that.
But I was sort of also heavy into sort of, like, the, you know, like, the IRC groups
and, like, also in sort of video gaming and shit.
And, of course, like, so, like, you know, I don't remember what the conversation was.
But I remember striking up a conversation regarding video gaming and stuff.
But, yeah.
He got, he sort of got the whole MMO thing, like, for sure.
Like, because MMOs, remember, like, Ultima Online was, like, late 90s.
RuneScape was, like, late 90s.
And then, like, EverQuest was, like, the miracle of all games at the time.
Because now you can have, like, a really half-decent, like, RPG experience, right?
Yeah, absolutely.
So that was, like, the game that, like, you know, I lived for at that point.
Because it was, like, everything I could imagine out of an RPG at the time.
Yeah.
And I unfortunately spent too much fucking time on it.
Because, like, I was, you know, in school and stuff.
And I had almost no sleep.
It was a good video game, right?
To be a top character in the game.
And, you know, be in, like, last year of medical school.
And, like, you basically just get in a sleep.
How did you fit that in with medical school, dude?
Exactly.
I just didn't sleep, is what it was.
It was stupid.
No, girl.
By the time I was a resident, I was like, fuck this.
I need to rage quit.
I don't have time for this shit.
Yeah.
That's what happened.
Like I said, good exit strategy.
Because you got a nice fucking price on your character, right?
Yeah, yeah.
And that was also the time when, like, it was nice because Apple, the dot-com crash had
just sort of finished, right?
Right.
Because that was March 2000.
That was the time when I just got into playing with stocks and stuff.
So I took the money I made from that and bought Apple stock at the time.
Dude.
I swear to God.
You've got to be amongst the top 1,000 fucking most smartest people in the fucking world.
Just lucky retard at the time.
Just like, hey, I'm going to buy a bunch of Apple stock with my fucking video game winners.
Yeah, but dude, like, dude, at that point, like, people, like, look, listen, okay?
I think most people these days, you know, most young people would be like, oh, yeah, the guy's smart and so on.
And, like, of course he invested in Apple.
But, like, what we have to remind younger people of, right, is that at that point in time, Apple was not actually the obvious fucking bet.
No, it wasn't obvious at all.
It wasn't obvious, dude, was it?
Remember, this is, like, I don't think even the, I think, I can't remember when the iPod became great.
This came back in 1997, right?
Back in, was it, was it, 96 or 97 to Apple, right?
The first blockbuster project that they, product that they introduced was the iMac, that colored one.
Was it turquoise or orange?
Yeah, but really things began taking off, like, more with iPod, if you recall.
Yeah, absolutely.
Because before that, it was, like, shitty MP3 players and you had, like, tape players, you know?
Yeah, totally.
Like, Sony Walkman was big back then.
Yeah, exactly so.
And then, yeah, the CD players and whatever, we're out.
Discmans, yeah.
Discmans, yeah, I remember those.
And then, like, you've got these things.
And, dude, also, the fucking, don't forget the much maligned and much forgotten fucking Sony Minidisc player as well.
That was actually a good product if it ever took off.
You know what?
I actually dug out my own fucking portable Minidisc, Sony Minidisc player, just, like, literally fucking last week in a fit of nostalgia.
You know, I won't go into that fucking story right now.
You have to go eBay that thing now, huh?
Well, yeah.
I actually got it working, actually.
I just put a new battery and it worked like a dream, actually.
And the sound quality is good.
I know you're an audiophile as well and so on.
So, like, yeah.
I mean, anyway.
That's funny.
Like, we're talking about Apple here.
I don't want to go down that route.
But, yeah.
But, yeah.
Some of this stuff is just, like, luck and being in the right place at the right time.
Totally.
It's, like, a lot of that shit's just luck.
Did you have a parent, like, a father who was into, like, stock, you know, trading or...
Yeah, my dad degenned into, like, I mean, you can call it degen now, like, based on what, you know.
But he picked up, like, the literal, like, the dot-com bubble, right?
Because he's, like, he was like a water cooler type person, right?
He's, like, the one that he's, like, oh, the stock market's going up.
We really need to be investing now.
You know what I mean?
Like, what's that?
No, no, no.
He was, like, no, no, he had his own business and stuff.
But the point is, like, he did lose a lot of money that he had aped into, like, a bunch of shit.
Dude, everyone in fucking dot-com era fucking lost money apart from the fucking insiders, right?
Well, yeah, because the crash was quite deep, right?
Like, it took the NASDAQ for 10 years to get back.
Dude, it was catastrophic.
It fucking tore out technology for a decade plus.
Exactly.
The NASDAQ took 10 years to get back to that same level.
People don't realize that shit.
Oh, yeah, 10 years.
And people make fun of crypto.
At least crypto, you're back in, like, a few years.
Oh, dude.
Much better.
Sometimes you're fucking back in a fucking weeks or a month, you know?
You might be on the floor, but at least you have a chance.
It's, like, miserable by comparison.
It's kind of like the amount of time you have to wait.
Dude, you needed a decade to be even thinking about getting back on the fucking horse after that fucking wipeout.
It was fucking brutal.
Nobody understands it these days, you know?
I happened to just start, like, working as a resident.
Like, let me see.
What was the date?
It's, like, maybe 99 to, like, 02 or something like that.
So, like, I was just making money myself.
Yeah.
And then, like, at the time that the dot-com bubble had just crashed, and it's, like, it was the perfect time to be saving at the time, right?
Like, that was kind of cool.
Yeah, it was.
And then by the time I was a fellow, it was, like, I was able to, like, moonlight and make more money and stuff like that.
And by that point, I could invest more.
So, I was doing it pretty early.
Yeah.
That was super early, dude.
Super early.
Yeah.
Pretty decent time, and to be sort of picking up tech, too, like, that time period.
Oh, God.
It was, like, the early 2000s.
Yeah, like, and then, like, most of my career, like, for the first maybe, like, maybe 15 years, I kid you not, I bought almost nothing but Apple stock.
Like, that's it.
Like, that was it.
So, that was, like, my wife was, like, why don't you diversify?
I'm, like, fuck that.
I'm buying Apple stock.
Dude, you double down on that shit like a fucking beast.
It's going crazy.
Holy shit.
Like, I was getting it all the way through, like, when the aluminum unibody MacBook was produced and all that.
And then, like, the first time I sold was right after Steve Jobs died, and there was, like, a 10% drop.
Was it 2011 he died?
Am I correct on something?
Something like that.
But I don't remember the exact date.
But I was, like, my wife was, like, all right, fuck it.
You're selling because, like, it's going to drop a lot more than you think.
And I'm, like, yeah, you're probably right.
I should have sold it immediately when she told me.
He's, like, he's going to die next week.
You need to sell your Apple stock.
I'm, like, fuck, okay.
I swear to God.
You married such an intelligent woman, man.
I swear to God.
It dropped, like, 10%.
And I'm, like, all right, fine.
I was being hard-headed.
I was, like, this is fine.
I sold it.
And then I bought it back.
Like, I remember we were at, like, I don't know, Universal Studios or some shit.
We were standing in line.
And it was, like, at some point later, months later, it had already, like, pulled back, like, 45%.
I bought all my Apple stock back.
I had a big tax bill for that, like, gigantic tax bill.
But I bought most of it back.
And that was great because, like, I got it back at much lower.
Yeah.
I mean, essentially, yeah, you were double dipping, essentially, you know, really.
Yeah.
So that really went smoothly as well.
And that was, like, yeah, right around that time.
And then, of course, like, your dividends are absolutely phenomenal if you bought that low, right?
What percentage were the dividends back in that era?
Oh, my God.
I don't even remember anymore.
But, like, the dividend now is based on, like, your basis then, right?
So it's, like, it's really, really good.
So, like, I don't remember.
I don't even know what the percentage actually is based on my basis anymore.
But it's really good.
So, yeah, that's the thing.
Like, yeah, some of this stuff is luck.
Some of it's just kind of being the right timing, right place, right time, and just kind of getting the right influence or whatever.
But did you say, sorry to interrupt you, did you say that your father got wiped out in the dot-com boom?
Nah, not wiped out.
But he definitely was one of these, like, folks.
You know how in crypto people buy high and then they'll sell low?
Because they think their money's going to zero.
He did that shit.
I've done it myself, too.
He's, like, I've got too much max pain, whatever.
And he had, like, I don't remember how much it was.
But then he kind of invested a substantial amount.
Like, for him, it was a substantial amount.
He was not anywhere near as wealthy as I am now.
Like, we were kind of living, like, pretty normal sort of, like, middle-class life, in a sense.
Yeah, and basically he had, like, put in a significant amount of, like, maybe a couple of years worth of his income.
And he, like, he sold low because he figured, oh, my God, it's all going to zero.
You know what I mean?
Like, you get into that mode.
And ultimately, it did go to zero in March 2000.
Kind of, almost.
He does a lot.
He fucking did.
I hope he didn't fucking invest in, like, pets.
And he had good – no, no, no.
He had good names.
Like, he had Cisco and Apple and this and that.
But he just bought everything way too high.
Yeah, this is the problem.
Your entry, it's all about your fucking entry, as we know in crypto these days, right?
You know, motherfuckers can, you know, myself included, continue to aid in too high.
Yeah, but that's why I kept, like, buying in through – I escalated my buys into, like, retirement accounts and everything during the 08 crash.
Yeah.
And then I bought more, like, during this last crash, like, I think October or so.
I bought a whole – created a new stock account, bought a whole bunch of stuff.
That's all doing well now.
So, yeah, you learn to sort of, like, that there are periodically generational lows and you need to be involved then.
You cannot ignore those lows.
Absolutely.
Otherwise, you might as well not invest at all, honestly.
It's, like, you're not willing to sort of, like –
Well, I mean –
To the extent that, like, we would escalate our buys doing those really, really deep lows and, like, pump every – like, buy as much as we possibly can.
Completely.
I mean, what was it – you know, the famous fucking thing, you can say it better than me, you know, Warren Buffett said, you know, buy when there's blood in the streets.
It's, you know, like, you know, sell when everyone's fucking euphoric and buy when everyone's fucking depressed, essentially, you know?
I mean, that's paraphrasing it, you know?
But that's essentially the nuts and bolts of it, right?
But it is kind of weird the way it's so easy on paper and so on and motherfuckers, myself included, fuck it up time and time again.
And, you know, like, it's frustrating, I'm not going to lie.
Yeah, like, I faded – my wife was, like, hey, you should buy Facebook.
Everyone's using it.
And I'm, like, what the fuck is – like, really?
Is there going to be another MySpace?
Remember, I was – that was the right –
Is she, like, a fucking billionaire at this point or something?
Where to go?
Like, this woman is just unbelievable.
So, like, Facebook dropped – like, I remember, I think it appeared at, like, $18.
I think it dropped, like, $10.
I should have got it.
Yeah, it went on initially.
I remember it well.
And she was, like, you've got to get this.
And I'm, like, no, no.
I sort of, you know, I kind of, like, right-curved it in some BS and, like, I didn't even think it through.
And she was, like – she was the same one that's, like, oh, you should buy Tesla when it first came out.
Like, I was, like, no, I don't know.
I'm not sure about that one or whatever.
I did pick up, like, Visa and MasterCard when they first came out, though.
So they've done extraordinarily well.
What year did they float?
I don't remember now.
But it was way back.
It was, like, back when, like, maybe early 2000 time period.
Yeah, interesting, interesting.
Yeah.
So those did really, really well over the years.
But, yeah, the thing is, like, yeah, there's definitely stuff that I've faded.
And sometimes it's, like, the water cooler talk stuff.
Yeah.
Like, if it's reaching that sort of social awareness, the social consensus.
Yes.
Whether it's Facebook or Tesla or whatever, like, those were early.
Like, in some ways, they were kind of early.
Top signals.
Top signals.
Memes.
Memes.
So, no, they were sort of, no, but they were early sort of meme stock types things.
And the reason is because, like, the internet was just getting started.
And, like, the spread of the knowledge of these things was moving much faster.
Like, especially when Facebook came out, right?
Yeah.
So, like, I just, I faded it, like, you know, but I really shouldn't have, basically.
I should have just got some.
Completely.
Yeah.
Listen, the only comparable story I can sort of, you know, bring up, it's not a story.
It's, unfortunately, a fact.
But, basically, like, and she does remind me periodically of it, including this morning.
My wife said to me, you know, suggested to me Bitcoin as an investment very early on.
I'm not going to fucking, you know, pretend I can remember the exact month or day or year or whatever kind of thing.
But, let's just say it was very early, okay?
Yeah, BTC, though, the thing, BTC, though, you could have gotten fucked pretty badly depending on what you did and when.
I know.
If you were in gosh, like, you got fucked.
I know.
I know.
There's a multitude of errors there.
Yeah.
Yeah.
Possible errors.
Yeah, completely.
You're absolutely right.
And, you know, subsequently, when we eventually did get involved, I'm not going to go into the fucking, you know, twists and turns of that fucking story.
But, I mean, I think most, not all of us, you know, the few lucky ones that got through the whole journey, let's say, unscathed or successfully, more or less successfully, just only success.
You know, fair play to them because they're probably in the minority.
Most of those that got through it, you know, whether they came later or earlier or in the middle, fuck me, man, has not been a fucking journey.
I swear to fucking God.
Well, all you had to learn, like, over the years with crypto was, like, it's that they're basically, like, purely speculative, and Bitcoin especially from the very beginning, purely speculative.
And, therefore, you get speculative, non-fundamentals-based price action, which is, like, every coin starts out with, like, 95% plus retracements because, like, pretty much everyone has to get wrecked before the chart flattens out.
Yeah.
What's the technical term?
The bonding curve needs to be established or, you know, correct?
Or whatever.
Yeah.
I don't even know what the technical term is.
Yeah, but the whole thing with Bitcoin is the bonding curve.
That's the key kind of chart-based kind of point, you know, to mention, isn't it?
You know?
Like, having listened to a lot of smart people describe it, like, I remember them mentioning the bonding curve with Bitcoin and that being a major factor in it.
Yeah, well, there are some fundamentals, like, cost to mine and this and that and the other thing.
But, like, at the end of the day, like, it's pure speculative action, and, you know, you have to have deeper tracements, and it's just kind of normal.
And then the volatility decreases with time.
Each subsequent cyclical move or pump is going to be less ROI to the upside and less retracement to the downside.
So, like, there is a sweet spot in these things.
There's a sweet spot where it's, like, okay, you are no longer hyper-volatile, like, the very, very beginning, but, like, you know, you have enough upside.
Like, for example, the good examples of really good upside were the 2018 dump and, you know, when BTC is, like, 3K and stuff.
These were really good.
Yeah, absolutely.
Where there's a lot of ROI left over.
Yeah.
But at the other hand, like, you had already been through, like, the gig of volatility already before that.
And so, yeah, it's interesting.
Like, there's a sweet spot for these things for sure.
Like, Zephyr is a great example right now, right?
Like, if the first pump hadn't happened, well, no one would know about it, right?
Like, that's the reality.
So, the first pump is necessary for attention.
And then you get that, like, you know, big retracement, like 70% in the bull market, whatever, and that's great.
And then, like, now is, like, the sweet spot.
It's the sweet spot where you know, okay, look, the hash rate's good.
There's attention on the thing.
Yeah, there's an interesting chart action there.
So, it's the right, like, sweet spot in terms of, like, if you hadn't known about it before, it's not too, like, it's not too late.
But at the same time, it's not so early that you're not sure the thing works or something.
Yeah.
I mean, in terms of –
I don't tend to, like – I don't tend to get into, like, angel investing type things where it's, like, the thing doesn't work yet.
I don't like that shit.
Yeah.
I mean –
I like to be a little bit further down the line.
In terms of proof of work, recent kind of proof of work protocols, it has certainly had, let's say, healthy and kind of organic chart action, I would say, in contrast to the likes of Carlson KLS, ticker KLS, which has been an absolute travesty, dude.
KLS may do the same thing, though.
So, it's, like, I think they're still – it has a very high hash rate, so it could do something similar still.
Yeah.
I don't think – remember, at the very beginning, when these things first come out, things just run crazy.
True.
And then they're going to dip, like, and drag down to the very trenches of, like, the lowest market cap, and then it will turn the corner.
So, you can never really be fully sure about these things.
Yeah.
Well, at this point, I mean, I'm so – I only threw, like, a grand at it kind of thing or nothing fucking serious or anything.
I mean, I just thought –
Yeah, and at that low market cap, like, it's – who cares?
Like, you know, you could definitely run.
I mean, yeah, at the end of the day, like, you know, I mean, I've got wrecked, you know, way worse on other shit.
But, I mean, like, you know, I think the fact that it is proof of work and it does have some kind of, let's say, nebulous kind of fundamentals or whatever kind of thing,
it could – especially in a bull run, it could kind of – I'm not going to say rip hard, but, like, do something, you know.
These things definitely could.
Oh, yeah.
There's, like, there's no – if you're early enough and your market cap is low enough, then I think the upside is high enough.
12, which wasn't ideal given the fact that it's under three cents at the moment, you know.
Yeah, I think I picked it up at six and sold at about 14 maybe.
You were smart.
I remember you saying you were selling and I was just like, dude, I need to learn from this guy.
And it went a lot higher after I sold it.
It was just like – I was like, I don't know.
I mostly was just in it to play and I was like, I don't know.
It's 2X fine, whatever.
And I'm like, wait, I'll get some Zephyr with this.
And I bought Zephyr at a higher price with it too, by the way.
I bought it like 30 bucks.
So, like, I've dropped whatever I gained in it.
I actually – I'm down on my position technically.
Were you surprised with Zephyr?
Like, when you saw it – talk me through what you, as a professional, long, experienced investor, which I am not, okay.
Like, talk me through your mentality.
When you saw Zephyr hit $52 all-time high, what was your mindset?
And be honest here.
I know you will be anyway.
So, for starters, like, the breakout area was like five bucks, right?
Yeah.
So, the probability that, like, once you get to a 10X, you're starting to get a little bit lofty.
In fact, the bottom, though, is $1.80.
So, technically, it's like a 25X from the very bottom.
That's a pretty good run.
Now, at the same time, this is such an early coin that, like, you can't know that it won't go to $100.
You don't know that it's going to go to $200.
It can go ridiculous.
I thought it was going to $200.
Because the hash rate is really high.
So, like, that means that the amount of attention could be a lot more than you think.
So, I didn't attempt to sell any at all.
Like, I didn't have to sell any at a single one.
To my detriment.
And all I've done.
Yeah.
Well, it always looks like that in retrospect, though, right?
But, like, I didn't sell any yet.
And the reason is because, like, I think this time period is not one that's highly predictable.
This is not where you can follow charts and shit and go, oh, I know exactly where it's going to go.
You're not going to know shit.
So, the reality is, like, to me, it's, like, this is where you don't fumble bags.
It's, like, the market cap is still low enough where it's, like, you just leave it, like, you add on the way down.
You add some more all the way to the bottom of the retracement, exponential if necessary.
And if it goes down lower than this, like, let's say it's $15 or $14 or whatever, I'll just go all in and be done with it, right?
So, like, this is kind of normal price action for these things, and you shouldn't, like, overthink them.
The main thing you shouldn't try to do is, like, trade your way into oblivion where it's, like, how would you have known it would be topping at $50?
You don't know that for sure.
And even if it did, like, how do I know I'm going to have enough exit liquidity to not cause, like, a lot of slippage?
So, the real sale price might be, like, $45 or something, right?
So, like, you don't know exactly how that's going to play.
And you would have had to find it perfectly.
Yeah.
And, you know, so rationally speaking, you could say, well, I could have probably, with reasonable probability, sold at $35 and then bought it back later.
But then you don't know that it wasn't going to go to run to $100 and then drop to $50.
Yeah.
So, you might have just ended up buying it higher.
Do you want me to recount my experience with the whole thing?
Yeah, yeah.
Okay.
So, I heard you guys, you know, you and Coach and, you know, the crew talking about it.
And first off, it was one of, it may not have been the first space.
It was certainly one of the first spaces you guys held about it.
And I remember I went straight on to Mexi because I thought I didn't even, you guys haven't said it.
Well, Up told me while we were on spaces and I went on to, like, Mexi and made an account and he told me what to do, where to get it.
And I bought it literally because he told me to.
Oh, you didn't even have a Mexi account at the time?
No, I didn't have anything.
I was like, am I supposed to, am I going to put my, am I going to go to this sketchy exchange?
I had no idea what it was even.
So, I was like, all right.
Holy shit.
So, I started like, yeah.
Up told me about it and I bought mine, like, literally while we were talking.
But it was like at, like, maybe five, six bucks or something.
So, I got rid of a bag.
No, I'd had a Mexi account for ages.
But, like, I went straight on to Mexi.
I thought, well, you know, Mexi are probably going to have it.
They list literally any fucking dog coin or cat coin or whatever anyway.
So, they're going to have something that's halfway fucking legit, like Zephyr, right?
So, I go on there.
I check the price.
Literally $5 on the nose.
Literally.
Okay?
And I was just like, you know what?
I remember thinking to myself, like, fuck me.
You know, if these guys are talking about it and stuff.
Which is mostly the top.
Which was a top at the time.
Yeah.
It was a top at the time.
You're absolutely right.
Yeah.
Absolutely.
So, I mean, you know, I was thinking to myself, like, dude, you know, this is a play.
This could well be a play.
But, do you know what I was thinking?
I was thinking to myself, like, oh, shit.
Twitter projects.
Anything I discover on Twitter and stuff, you know.
You have, like, Twitter PTSD.
Dude, I'm telling you.
I've been fucking.
I'm not going to even go into the boring fucking retarded stories I have.
Fucking, you know, losing money on Twitter projects.
Like, it's not even fucking funny.
I mean, it might be funny, but I'm not going to risk it.
But, like, the point is.
And don't get me wrong.
Like, when I bought this thing, I was like, I don't know how it's going to do.
Like, maybe I'll lose all my money on Mexi.
Yeah.
Well, I mean, people talk about Mexi, dude.
It's an okay exchange, to be honest.
I fucking hate it, to be honest.
But, like, yeah.
It is okay in my experience.
I've always been able to, you know, get my coins off of there.
And, you know, I've been able to trade okay.
Their futures are also okay.
They, you know, they seem to have more scam wicks than others.
But, like, still.
I mean, it's mostly okay.
But the point is, with Zephyr.
So, I was, like, I was watching this shit.
And you know what?
I didn't ape when I saw it at $5 that night.
I'll be honest with you.
I didn't ape.
And I was like, you know what?
I'm going to give this a few days and see if there's more buzz about it, more spaces about it.
I'll do a bit of research on it, this, that, and the other.
But, cut a long story short.
Yeah, I think what I've learned with microcaps is, like, if you're in an ape minute, you hear about it.
Because by that time, the social consensus is already rising.
Oh, you're absolutely right.
That's what I realized.
And that's what fucking transpired in this particular instance.
I did ape, to cut a long story short, at $13.
I can't remember how many days later.
It was several days later, whether it was two, three, four.
I can't remember exactly.
But you guys were holding quite a lot of spaces about it and stuff.
And I was intrigued.
And I liked the value proposition.
I liked the fact that it had, you know, its own native stable coin.
And, you know, you could kind of, like, then that, you know, what's that other fucking protocol fucking coin and stuff that you could only buy for $8?
And our spaces were mostly just us learning about it.
Like, we didn't know that much about it.
Yeah, it was a lot of education.
Yeah, you were absolutely right.
We were just sitting there drilling through it and talking.
We were, like, hearing some people that, like, knew more about it and this and that.
And then, like, people in the proof of workspace.
It took a little bit of, like, but I got a lot more.
I liked, you know, I know you'd eat deep.
So my average must be, like, I don't know.
I don't know what it is now.
But my average is probably, like, $20 now, probably.
Yeah.
Except the current price.
Yeah.
Yeah.
Yeah.
So it's not even, like, so even though I did get in early, I didn't get very much because I figured it was some, you know.
Yeah, I'm not going to lie.
I'm not going to lie to you.
One of the things that I was super bullish about Zephyr was that the hash rate was super high, you know.
And I was very bullish on the fact that the hash rate was, let's say, comparable or even maybe exceeding Monero's hash rate.
Oh, yeah.
I think that's an important metric for sure.
Yeah.
By the way, before I get too deep into something else, I've got to get running because I've got some house guests over.
Oh, sorry.
But I think I'll catch up with you guys next time whenever we're back.
Yeah, good talking, dude.
Oh, yeah.
Good catching up, man.
Nice one.
Yeah.
Slinks happy.
Well, I'll catch you guys later.
Yeah, nice one.
Cheers.
Bye.
All right, cool.
Goodbye.
Goodbye.
Goodbye.
Goodbye.
