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Web3 Exposed 🌶️🎙️ EP. 6969
Recorded: June 4, 2025 Duration: 2:28:52Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the potential for a bullish market in Q4, emphasizing the importance of patience and strategic investment. The conversation highlighted trends in the gig economy, the impact of inflation on asset prices, and the need for diversification in investment strategies.
Full Transcription
Thank you. you I feel like some fun.
I feel like some fun.
I feel like some fun.
You can feel it.
On a place like this, baby.
I feel like some fun. What'd you say? What'd you say?
I won't say.
Yo, yo. What'd you say? What'd you say? I don't say... Yo! Yo!
We're live. We're live. We're live.
You're good.
I could hear you. You're good.
Nothing.
You're messed up. I could hear you. You're good. Nothing. You're messed up.
I can hear you.
I can hear you.
It's me?
I can hear you.
Yeah, you're messed up.
I can hear you.
All right.
Let's get this show on the road.
Yeah, yeah.
Damn, bro.
The broadcast almost worked.
I don't know what happened just now.
Hold on.
Let me make sure.
Can you guys see the broadcast?
Interesting.
You can hear me, but I can't hear you.
Hmm.
Yeah, we're good we're active you can figure out your I'm a text you hold on your mic I can hear you do you want to
do my test I can see my right moving go to your mic under settings audio can you audio.
Can you hear me?
Hello? Yo, yo, yo.
Yo, yo, yo, yo. Is it working?
I can hear you.
I don't know what's going on.
I'm sitting here.
The motions on here.
All right.
All righty then.
Welcome. We're about to start like comment repost you know the vibes we give away money every single day on this show this is my this Sorry. William can't hear me, so he's trying to figure his life out.
Don't worry, Will.
You'll figure it out sooner than later, brother.
Let's go! Oh slow down
slow down
can you hear me can you hear me? Can you hear me?
Yeah, you get that.
Woo!
All right, I'm going to play one more song,
and we're going to jump right into today's session.
I'm feeling really good right now.
Feeling really good right now.
Woo! are you gonna call me Is this really your real phone number? Some of y'all go get washed.
Some of y'all just go pout shit.
Some of y'all just go talk.
And then you gotta bring me with a guy shit.
Some of y'all just go blind shit.
The Philly is nigga.
Can't get him.
Can't get him.
The best part of adding video to the stream is the fact that I get to see Will's face while I act the fuck up.
That's the best part.
Oh, that's the best fucking part. Let me go ahead and put us everywhere.
Live, live, live.
We're on Abstract.
We're on Twitch.
We are everywhere, baby.
We're everywhere. We're everywhere. You are not're on Twitch. We are everywhere, baby. We're everywhere.
We're everywhere. You are not.
Except everybody here. You guys are here.
You guys are here. Y'all are the real goats.
Let me see. Let me see.
All right. Quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quick, quickall didn't know, Chicago up here actually wrote this song.
When you was in the Yoke, you was fucking the Yankee. I was fucking with bass.
I was fucking so cranky.
Hit in my Yankee.
Mom, I'm cold.
Give me my legs.
Okay, okay.
Whoa, whoa, holiday.
Wait, hold on, hold on, holiday.
You can't give it to them dry like that.
You gotta get that shit wet first, nigga. Like, come on now. You gotta prep them for shit. Prep them first, holiday. Wait, hold on, hold on, holiday. You can't give it to them dry like that. You got to get that shit wet first, nigga.
Like, come on, now.
You got to prep them for shit like that.
Prep them first, Chicago.
Like, you got to bring that shit back.
Bring that shit the fuck out.
Holiday, TV, man.
If you don't finish that drink, William, chug that shit.
Chug that drink. I'm a strong advocate.
We're going to start in a second.
I know you guys want to get started.
We want to start.
I'm a strong advocate for music, being able to tell
people how you feel.
You're feeling soft.
You play some R&B.
You're feeling hard. You play some DMX.
You know?
You want to kill somebody, you play some 21 Savage.
But lately,
this is how you guys got me feeling.
Hey.
Yeah. Get this man another drink.
Order him another drink.
This is how WAP3 makes me feel.
At least three times a week.
Deadass. We got a big show Cause I don't wanna hurt nobody Get it over text and call me Still got nothing to call me
I know you wanna be the time
We got a big show loading
We got a really, really big show loading
We got tons of things to talk about
I had my first day back at the gym today
And it felt great
It felt fucking great
I don't know who needs to hear this
But take that ass to the motherfucking but take that ass to the motherfucking gym. Take that ass to the motherfucking gym. Oh, oh my God. Oh shit.
Oh my goodness.
Hold on a second.
We're live! We're live!
I'm just checking everywhere.
I'm making sure we're live everywhere.
Ah! Let's go.
Watch the stream baby, repost the stream, let's go!
Watch the stream, baby!
Repost the stream! Let's go!
You got exposed, you gotta go
You grip around these clowns, these balls
I always should know that we not
We can see the demons that are scheming on the floor
They've been gripping, shifting, on the long switch
I'm live!
Yo, they keep messing with the fucking settings.
I was like, why don't I see the viewers?
I'm like, where are the viewers?
All right, we're live.
We're officially live.
As long as the spaces heard it.
If you're listening to spaces, give yourself a treat and log in and watch the stream.
Watch the stream. We got beautiful faces on the stream.
Watch the stream. Come on. Come on. Anybody else ever take a cruise before?
Anybody else ever take a cruise before?
I'm just curious.
I'm just curious. I'm just wondering. Oh, Nico's throwing hundreds.
That means Nico's up right now. That nigga Nico is eating right now. Let's go. Welcome to Web3 Exposed, baby. You are officially locked into the best show on the internet.
It's your host, Shanice Best. We've been hosting this show for three years.
Holy shit.
I'm very excited.
I'm very hype.
Can you tell?
Can you tell?
First day back at the gym.
First cold plunge in like nine days.
Woo!
Woo!
Oh, yo.
Vegas was awesome.
Shout out to everybody that I was able to link up with.
Me and Vegas.
Me and Will and some other friends had some amazing dinner.
Shout out to Girl in the Verse and Guy in the Verse.
It was a vibe.
It was an absolute vibe.
We had an amazing event that Will was a special guest that motherfuckers were
signing out to get his autograph. That was crazy. I was like, bro, don't bombard my dog. He's a little
antisocial. Back up. What else? What else? What else? Oh, we got to see some really power,
big power players talk at the Bitcoin conference. I was literally like,
literally inhaling Michael Saylor's breath while he was chatting same with ross it was great um
he had a mint in his mouth so it was good but no everything was awesome going to the bitcoin
conference since literally like i don't know inception i don't think i've ever seen that
many people at the conference it was only 30 000 people there which is insane
in fucking sane i hope you motherfuckers washed their hands.
Y'all went home sick and all that. Stop smoking blunts and sharing blunts with people. Stop sharing drinks. Stop fucking touching your face after they touched their ass and then you shake
their hands. Like, come on. What's the program? Yeah, man. It's been a good week. It's been a
good week. So today's topics, we're going to jump right into everything.
I feel like the last couple of days, the timeline has been in a frenzy.
What else is new?
You guys just are very easily impressed.
But I get it.
That's the point of building a brand and a presence.
When you build a brand and a presence and you promote anything and you're relevant, the dumbest shit you promote
gets attention. Literally, the dumbest shit you promote will get attention. So keep in mind,
you want to get attention? Create a brand. Create relevance for yourself. Create something cool
and the rest is history. Fuck, I'm cold. I'm trying to shake
this off. Fuck, I'm still sweating from the gym. Where are my notes? Where are my notes? Where are
my notes? Oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh. So I don't know about you guys, but I am no longer downloading any new wallets. You got a new wallet? I don't give a
fuck. Not downloading it. Keep your fucking wallets. MetaMask is the only wallet that really
matters. Let's be fucking honest. Let's be real. Go into the tech if you have to. If you don't
understand the tech, chat GPT why MetaMask is more secure than any other wallet on the planet.
This is not a MetaMask show.
This is just the truth.
I didn't even know this shit until recently.
Shout out to the boy, Michael.
That man is just amazing.
Unmatched.
Unmatched.
Unfucking matched.
But I have so much I want to just bet, but just gonna chill i'm gonna wait um will did you did
you have a good time at the party did you have a good time meeting some people at the event how was
it for you uh it was it was interesting um I definitely met some people.
I was, you know, a little thrown back.
People are excited to see me.
A little thrown back on that.
I'm just like a regular person.
So I appreciate everybody who showed up and said hi.
I typically try not to show up to too many events.
I'm not trying to be one of those people on a milk carton, you where they try to rob me from my crypto uh but uh you know how it is
yo he's for real about that shit too man i feel you i i get it i try to avoid a lot of events
because of that um too too much funny business in this space for sure where people you know
try to do some funny stuff and don't worry i don't keep my crypto on my phone so you're not scanning me and taking
my money um but yeah outside of that i think uh i thought the event was pretty pretty live like i
would have stayed later obviously you had to get up at 4 a.m so i went back on him a little bit
earlier but it was like midnight or something like that when i when i rolled out but um
yeah that that event was pretty interesting.
The dinner was awesome, too. It was a pretty good spot.
I think everybody
enjoyed that. It was great.
You were eating the meat like it was fucking fries.
You're just like,
yeah, steak.
You want to get a salad? No.
Just a steak.
YouTube question.
Is this chick on Trenbolone?
What the fuck is that?
Is that some type of tranquilizer?
If it makes me think better, run that shit.
No, we're on an energy drink.
That's what we're on.
Trenbolone is like...
I've decided you've seen it.
Like a fake steroids.
Fake steroids.
Oh, steroids.
Damn, why are you trying to say that? I got a lot of coffee. I got a lot of coffee. I got a lot of coffee. I got a lot of coffee. I got a lot of coffee. I got a lot of coffee. I got a steroids Oh steroids Damn boy
He's trying to say
He's trying to say
He's trying to say
You want to see these abs?
Hold on I got some abs for you
Hold on
Yo if you're on the video stream
You get to see some skin man
Pull the fuck up
Nah but
We're going to kick this off
Like, comment, repost
The stream if you haven't already We're going to give away some Sol Like, comment, repost the stream if you haven't already.
We're going to give away some Solana. I'm giving away at least $100 in Solana in the first hour.
All you have to do is like, comment, repost, tag a friend to qualify.
We got a couple of things to talk about. We got some guests pulling up.
We got, yeah, we got Bitcoin to talk about.
I know the master right here is about to get into the charts, but I have a fishy, spidey, tingling feeling that we're going to head into this little real soon, right, for the summer.
And I have a strong feeling it's going to drive a lot of mayhem on the timeline, more than we already have.
of mayhem on the timeline more than we already have it's finally obvious to the majority that
we're in a bubble we've been in a bubble um and hence the stream hence you know i'm definitely
not staying on crypto twitter uh solely anymore just first of all just not net net positive at
all you need to diverse yourself if you're doing spaces if you're out there if you're doing any
sort of marketing you're assiling yourself just being on Twitter. I promise you. I don't give a fuck if you're nervous. I don't care
if you're scared. You want to find yourself doing this shit, get the fuck on other platforms.
Simple as that. Get the fuck on other platforms. That's it. That's my best, best, best advice
to you. It's really important to dominate somewhere i agree it's very important to dominate one thing but these days followers don't matter followers don't matter
engagement and consistency is all that matters you can make a fucking sick video tomorrow with
a crazy take and you're viral when you wake up and you could have 97 followers or 10,000 or 1,000 or whatever, because algorithms are catering to things that get the most attention.
If your face, if your takes, if whatever you're saying, whatever, if you don't want to be faces, whatever, you're going to get attention the more consistent that you are.
I promise you, the biggest bozo in the world has attention and they probably have money too.
I'm not saying go sell your ass for attention. If that's what you'd like to do, that's what you'd
like to do. No shade. Got you. I might send you a tip if it looks nice, right? Girl, guy, doesn't
matter. Um, LOL, LOL. No, but seriously, like, just get out there. Just get out there more and, like, realize that if you're here in the bubble creating and tweeting, tweeting, it could be just tweeting, creating, like tweeting things about things that you like or don't like, your takes, you know, whatever it is, you are actually ahead of like, I think like 50-60% of the internet.
you are actually ahead of like, I think like 50, 60% of the internet. Tech and finance get the most
payouts on Twitch, YouTube, and all that. All your favorite streamers you've seen,
the Kai Sinatra's of the world, the Aiden Ross's of the world, the agents, the DDG's of the world,
those guys don't even really talk about tech and finance like at all. And they're making
multiple millions a month.
I'm not saying you're going to turn into that overnight.
But you have such a better chance of getting ahead on the internet just because you already are into tech and finance.
Even at the slightest.
You don't have to be big brain.
You don't have to be like a will.
I am not like a will.
I understand the fucking basics of technical analysis.
And you don't see me like spending
seven hours charting and you never will you know I'll throw up a chart or whatever talk about
something but you can literally talk about what you enjoy about this whole niche elsewhere and
510x everything your money your views your. So I just, I need to make this
clear. Like, I don't, like, I'm not saying go be a streamer or, you know, you, you love it. Like,
if you're already in this fucking lane, like just pivot a little bit, right? Pivot a little bit.
But yeah, Will, you said that you, actually, I want to ask you this. What's one thing,
I know the event was dark. It was kind of late.
I know you met Girl in the Verse and everybody else,
but what was one thing you noticed about the event while you were there,
if anything?
Any weird characters?
Any weird energy?
Did you see a ratio?
Was there only men around?
You know, this is Will's first time at one of a profit-hosted event. I would love to hear this direct feedback.
I honestly have a mixed bag of feelings with the conversation.
You have a what?
I have a mixed bag of feelings with the event.
Like I kind of pay attention to everything.
So like I think there are some people there that are, I don't know,
like some people are there just some people there that are i don't know like some
people are there just like socially trying to interact with people and stuff with that and
conversate i didn't feel like there was a lot of people trying to uh i don't know i didn't feel
like there's a lot of people trying to get contacts and stuff like that and trying to uh
collaborate and everything but i felt like there were a lot of people there just kind of hanging
out chilling it was more like a chill fest to to be honest with you. Right. More than a
collaboration. But no, I thought the event was pretty cool.
I liked the AI in the background. That was pretty cool. And then
a little bit of advertisements here and there. That was pretty cool, obviously. And then obviously
Six was there and some other people definitely
came at that a lot, you know, made a lot of the normals and stuff like that.
Honestly, like a lot of the people there, like I liked a lot of the people that were there.
I thought they were all pretty chill.
I did think like there were like sectors, but that's even like if you're at a club, right?
If you're at a club setting, there's always like people huddling in one area or another.
So there was a lot of that too. But yeah intermingling i don't know i think that it was it was
just a chill session with like a bunch of people just like basically like they were at the club
yeah that was basically yeah that's it i would say that was a you know so my goal originally was
a bigger like a way a way better venue. The venue was amazing, by the way.
Shout out to Club Ego for letting us do our thing.
But then I found out Ape Fest was in October.
And I was like, all right, I'm going to chill.
I'm going to go crazy for Ape Fest in October.
I feel like I'm going to be in Vegas a few times this year.
So, Will, get ready!
So, Will, get ready.
Yeah.
Yeah.
Now, but, yeah, so, like, originally it was a different setup and a vibe that I had planned.
And then once I realized AFES is in October, I was like, all right, you know what?
We won't do anything as extravagant.
But I still wanted to be able to do something and bring everybody together.
There is, like, I feel like I need to there's like a dow I swear but there's like a
good group of people that like yo profits events like I've been to all your stuff and I shout out
to you guys like you know who you are and I and I appreciate them because they always give me
feedback both good and bad whatever it is and the most consistent thing is you know damn i love how i'm connecting with people that i never
would connect with ever you know bitcoin ethereum sui solana that's the number one thing i pride
myself on and you know it's not a coincidence like i get it i know why uh i'm not a project founder
if you will and you know well technically i technically like i'm not an nft
founder and so i'm not like and i'm not a maxi never gonna be a i'm a profit maxi but i'm never
i'm a chain maxi but i'm never gonna be like blockchain maxi right but i'm never gonna be
niched or siloed to just one and um for anybody that out there that thinks that's the right thing to do maybe it is
for your current job or whatever it is you're doing but you're actually doing yourself a
justice because this industry is so fucking big and to be honest like i said in the beginning
you are ahead of like 60 of the fucking internet. Better than project founders appreciate that.
I'm like, we're like, you're like ahead of 60% of the internet.
Just by being in this space.
Right?
Like, and some of you like, damn, bro, you're giving the trenchers and the shitheads a lot of credit.
You guys are the bottom of the barrel.
No disrespect.
Especially if you only, only, only, only, only log into Twitter just to shitcoin.
Because days like today, you cooked on Cruz.
If you're a trencher and you didn't cook on Cruz, you're not a fucking trencher.
I don't know who needs to hear this.
Go run to your mother.
Go run to your mother.
If you didn't catch that today or last night or whatever the fuck, you're not a trencher.
And I'm not a trencher. I'm not a trencher.
Your girl is not a trencher.
The information just comes. You get me? The information just comes. I've made this clear. I put my five years in this fucking space. I better be in a fucking chatter too. I worked hard for the, you know, the decent people, the good people, we are the hot commodity.
And this information needs to be easily digestible elsewhere, okay, for us to get bigger.
Oh, onboarding eggs of liquidity.
What's going to onboard people is fucking attention and content and not just here in this circle not just here and you know on on this app we have to
diverse we have to diversify i'm sorry i'm beating the fuck out of this drum today but i just
i really really feel that kicked off my tiktok career two days ago first video did 500 views
in a day, literally nothing,
but it's all right. It's better than nothing. First YouTube reel did a thousand views in a day.
Hey, that's a start. I don't know who needs to hear this, but fucking start. Just post,
just put that shit out there. Put that fucking shit out there. Let me look at my topics.
So I absolutely think the crypto Twitter bubble was popping,
and I'm going to tell you why in just a second.
We have some events and things to talk about that are coming up soon.
If you're going to be in New York at the end of this month, hit me up.
We're going for a permission list.
We're going to also be throwing an event.
Definitely going to be a vibe.
But, yeah, let's jump into these charts.
But yeah, well, let's jump into these charts.
You got your charts ready?
You got your charts ready?
You want to pull them up?
You want to pull them up?
Yeah.
Yeah, I think in a sense to the conversation of the bubble popping, I am starting to see people just start to bow out.
Also, that's another thing.
Yes.
I'm just going to cross a more big account.
Hold on.
Hold on.
What is that an indicator for you?
Because I feel like it's something for me.
But what is it for you? What is that an indicator for you because i feel like it's something for me but what is it for you what is that an indicator for for you uh so there there's
asset tops in a sense right and what i mean by that is like long periods of time before you'll
probably see profit like huge profitability again like it'll probably take another decade or so
or something like that before you'll see the that that ecosystem move again i just feel like as much as people think that crypto is unknown
i think it's known right it's not as unknown as it was in 2021 2020 and the space is uh
it's become hugely uh um let me let me think about it but a recycle farm right it just recycles
people over and over and over again for liquidity and it's it's a it's a musical chairs in a sense
in some ways too with liquidity so it's like okay one day you hit for 100k but then you just keep
dipping in until you lose it all again and then another day you you
dip in like i mean look look at james winn dude's out you know millions of dollars because he just
kept trying to long but he kept trying to long the breakout and i think when you watch people
like that do those kind of things it just shows you how not not only predatory the market can beat
in a sense but just how little people actually
know in this space like you know you're you're longing the breakout like that's that's not the
optimal place to be longing anything and you keep trying to do it continuously and losing millions
of dollars that you've you know essentially gathered from the market and that's what this
space does it really bait and switches you a lot of people don't know how to take the money that
they make here
and put it to use.
They'd rather just keep it in the space and keep on rotating
and hoping that they make more and they make more,
and eventually they're going to end up zeroing out themselves
and starting over again.
And they always say, oh, start over again.
I got hacked or I lost all my money.
I leveraged traded all my money.
All my money is gone.
It's like you
you don't look intelligent saying those type of things and a lot of the time it could also just
be them just farming the timeline right and a lot of people don't realize that like they say they
lost all their money and some of that likely they didn't and they'll be like oh i'm starting this
new account and here's where i'm starting with 200
follow my account you know and that's just them again just going back to bait and switch
everybody and get them to follow their account so that way they'll copy trade them and what will they do they'll dump on their copy traders they it's it it's recycle farming the entire space and
again i just i think the space is so well known.
Wait, hold on.
You're saying you're not going live on Twitch,
talking, trenching, talking about don't copy trade me,
like as a title?
You're not doing that? No, no.
I don't even disclose my wallets
because I don't want people saying I'm dumping on them.
And, you know, I mean,
that can be looked at a couple of different ways,
but the point being is, is like the people that do disclose their wallets in a lot of cases are not traders or people that can trade or people that know how to read a chart.
And you wonder why they're so successful.
They're not successful because they're trading.
They're successful because they're saying by this, you're following them in and then they're just dumping on you.
And you'll see 100 coins within a couple months on their timeline.
And I think that's always interesting.
And they call themselves trenchers, right?
It's like you're a trencher, you've caught 100 coins.
How many of those coins actually made it?
How many of them actually made it?
One, maybe two?
I think there's only five or 10 coins in the last year
that stayed above, like stayed relevant.
That's crazy. and you see it
time and time again it's just it's really interesting with the space you know people
say oh i'm a trader can't read a chart but hey here's my wallet address i'm starting with 200
i'm gonna buy this and everybody copy trades them pumps it up they dump on them really simple
it's not a hard process to understand.
Or they'll have back wallets, right?
They'll hold that coin on the front wall,
the one they're showing you,
and they bought with two or three wallets,
and they're dumping on the other wallets while holding on the one wall that they showed you
they had $200 or whatever they started with.
I think there's not a trick in the book in this space
that I haven't seen.
I've seen every predatory trick there is in crypto,
more than what I've seen in the stock market,
which is actually surprising because I've seen a lot of tricky shit in the stock market.
Tricky shit like what? How do you manipulate the stock market?
I mean, it's simple.
Be the person that's passing the bills in the office and they're in congress
damn it's really simple become a politician uh but yeah so again like it's it's just it
at least that's readable to a degree you could be a month behind when they when they got to do
their reporting right they probably dump um when they're telling the public what they bought.
But, you know, in crypto, man, it's just there's so many ways to skin the cat, right,
at the end of the day.
And I think that enough people don't think about that.
Like, everybody thinks, oh, they're being transparent.
Here's the wallet they're showing us.
What about the other five they're not showing you?
By the way, for those that are listening to this and they're like
oh duh i'll say this for us here we're definitely getting desensitized to it and it's starting to
become a joke and it's starting to become like duh of course we know that but the reason this
is still very important is because there's nothing worse than your normie friend, family member cousin hitting you up, talking about, hey,
I bought this dogenal, or I got into this whatever, and I got scanned out of this.
And you're like, fuck, I knew better than to fuck with that. How come they didn't know better?
That is the issue. Then you kind of have to do the re-teaching of shit. So for those that are
like, duh, this is obvious to me. This is
not obvious to the naked eye. Most people have not been here for two, three, four years
getting fed the bullshit that we're getting fed here. That's the point. That's the point.
There's Twitch, literally, YouTube, fucking TikTok. The sentiment of crypto and meme coins
is disgusting.
It's nasty.
People think they need a fucking membership to do it. Or Discord, whatever.
Anyway, go ahead.
But yeah, I mean, I'm not complaining.
No crying in a casino at the end of the day.
We all know the rules.
Yeah, exactly.
The point being is just that I think the space is just just more well known than what most people think that it is.
And I think a lot of people avoid it for that reason.
I don't think there's any onboarding the normies when the normies know it can be, you know, predatory a hundred different ways.
They're watching Cardi B launch a coin with Sahil on the back end of it.
They're watching, you know.
After Offset says that she got to run back that money.
Yeah.
I hope she's happy with her new relationship,
but yo, Offset need that bread.
Launch that coin.
You feel me?
Yeah, and we're seeing it time and time again.
I mean, it's crazy the amount of musicians
are coming to rub the space,
so long, you know, other people.
Yeah, I mean, I've even seen politicians are coming to rub the space along, you know, other people. Uh, yeah,
I mean,
I've even seen politicians come in and rub the space,
which is,
which is absolutely wild.
And I'm talking about Congress,
Congress politicians.
Speaking of which everybody tag Eric Trump below on the bottom right
corner,
tag Eric Trump below so he can see the post.
Um, yeah, go ahead and tag him you know why do you
think the political people can get away with why do you think they think they can get away with it
uh well because the fines and laws and shit are just so minuscule if you're arguing for millions
of dollars who cares about a five ten thousand dollar fine
at the end of the day when there's no jail time no no charges that are going to be set for it
i mean congress has been doing it for a long time i mean they've been taking advantage of the stock market now they're taking advantage of crypto and uh you know i i think it's just more and more
we're going to see people don't become congressmen because they want to serve the people they become congressmen because they want to rob the people and and that's basically
how this well well wait a second i don't think that's everybody that's crazy will 90 no no it's
everybody it's everybody i agree will it's everybody how the are you talking off mute
how the fuck are you talking off mute i'm mute
exes knew knew he was telling the truth though
yeah it's it's it's uh it's pretty wild it's pretty wild um i i honestly think a lot of those
people you know in government should be in prison jail to be honest with you a lot of them um because i think they've
committed crimes as far as robbing people and uh setting up rules and regulations that benefit them
and nobody else and you know at the same time they want to be mad about us trying to make a couple
dollars in this space and then tax us on top of it which is is pretty, pretty wild. But I won't go into that too much.
You know, specifically as far as charts go, we'll get kind of into that.
I think we're at an interesting point, 104.
It looks like we're kind of hesitating at the high here.
It's basically sitting down like a doji right now at the high.
We are sitting above support, so that's good. I think our support line sitting here on the monthly is right around 103 so as long as we stay above 103 i think we can spring
load off of this but i'm kind of questionable on the overall move i'm going to get a nice
100k for the summer i'm sorry yeah i i kind of agree with that i i we have a nice trend going up
but i i think we're gonna to dip into, you know,
roughly about 90, 90, 93, something like that
is what I'm looking for.
But you got to break 103 first before you can confirm that.
So I'm not going to call it ahead of time.
But that's my thought process.
I'm leaning more towards we'll break down,
but we'll see how this ends up breaking out
or playing out here at the high.
We did form a lower high so far,
but if we could start breaking into a higher high structure here,
now what I mean by that, as we hit roughly about 112, right?
111, 112-ish.
And if we could start getting back up in those ranges
and get up to like 113, then it would be a higher high,
and we might be able to swing higher at that point.
But currently, our monthly candle open here
is setting around, I think, 107 at the high.
I think I called it on the timeline around 108, 109,
so I might be off 1K, maybe two.
But I was pretty damn close on the breakout here
that it was going to hit roughly in those levels.
I think it's a downtrend here if you basically just take the weekly um not not even the weekly i would go
out more off the daily but you can see it on the weekly too and you were to kind of put a line at
the highs here this is what you this is where you want to kind of see a breakout from is this
downtrend that we're currently
forming which we are forming a downtrend on a daily here um so you got all your highs right
here playing at the high you keep peaking this range but then you roll back underneath it forming
a lower high structure on the daily um so daily looks a little bearish but as long as you can
hold 103 you you know, roughly
relatively in that range, I think you're pretty good.
But if you end up kind of breaking below that range, I really think we're going to come
back down into this 90 K range.
Um, from there, I don't think it kind of stops at that point.
And this is why I took the short I took.
And now keep in mind too, um, the, the, the price I gave people on the short I took. And now keep in mind too, the price I gave people on the short,
and I caught this at like 108.7.
That's where I took the short side position.
The price I gave people was to cut around 104,
but it ended up going a lot deeper
than I think 103 was the low here,
which is really kind of making me wonder
if we're going to roll back into that range, especially where we're rejecting right now, as you can see right here on the chart. And if we do come back into that range, as long as we can hold that 102, 103 range, we're good. If we end up breaking below that or dipping below here, I really think we're going to roll back in. I think summer is going to be a lull i i again i just every time people always say oh summer summer summer show me a summer that's been profitable
in the past three years show me a summer that's been profitable well now what i mean by that is
like a big swing even the most bullish summers even the most bullish summers haven't been profitable
yeah it's it's likely just going
to play sideways i'll just be real like i know 90k sounds horrific and it sounds like i'm
calling for some kind of like substantial breakdown but i mean the previous low was 75
so 90k is nothing right um but i really think we're going to pull into that and again i i've
talked about this.
I can't even say how many times for office and people just don't want to listen to me on it.
And I'm telling them August, September, August, September, August, September. And I showed them the past three years.
August has been that low.
Right. So it goes August in theember september starts to break out again
so i'm looking for a q4 breakout i'm not looking for a summer breakout at the moment
but it doesn't also mean that when we do play downside that altcoins can't have a little mini
altcoins even somewhere's in here right well i'm grabbing a package real quick so entertain these people for five ten more minutes five minutes you got it um but all coins specifically i don't think you're gonna have alt
coin season i'm i'm i'm tired of that conversation too i don't think you're gonna have alt coin
season yet again you have to wait for blow off top before you get real excitement in the market
before you get real interest in low caps because what do people do people see an asset absolutely outperform
and then what does everybody's mindset go to does it go to buying the asset that outperformed aka
bitcoin or does it move more towards like where can i catch the beta to catch up to the asset
that outperformed and it typically ends up going to beta and that's that's
when you get your altcoin season for say right is basically around the time you get that blow off top
then you'll get an altcoin season that follows short-lived everybody chases the beta and then
everybody gets cooked um this year has been for sure boring i completely agree on that too i don't think it's been exciting
at all but again it was q4 into q1 and then chop sideways that's all it's been we've been chopping
in our range um i mean currently we've been really testing this breakout range of 108 109
we got we got a little bit of a breakout but then we fell back below that 108 109 we're
currently at 104.7 so now that we're back in this range i'm just looking for this current trend that
i'm showing right here and for those who aren't watching um we're also streaming too but this
current trend right here i'm looking for this trend to hold and us to kind of pull back into
that and then get a breakout again and then break out. And then I think we'll obviously move, you know, at this point, I'm thinking mid to high 100s.
And then we get cooked, right? And where would we go in another bear market if we get another
bear market? We'll say if, I know a lot of people don't believe that that's going to happen again.
I do, because I believe in cycle theory. But if we get cooked again back into a bear market, I'm, you know, again, I'm looking for previous all time highs.
So much around 90 K all the way down to like 60, 66, right?
69 previous all time high, just like what we did from 2021 and 2017 high where we broke back into that.
And it's more because these highs and lows,
as we go higher and higher, are going to be less and less.
And so downside isn't going to be as substantial,
just like upside isn't going to be as substantial.
The only stock I can see right now across the board
that looks pretty decent is Estee Lauder.
I think it's one of the best looking stocks across the board.
And I would say it's comparable to something like Meta.
I know there are two different things as a whole,
but I'm saying chart pattern wise.
Meta gave a very similar chart pattern right here to the downside.
And then it had this big, massive breakout up to the upside.
And Estee La louder is a strong
contender i would say in that same camp um as far as the way that it's structured and it's a well
known makeup brand as well as perfume and everything else um is breaking to the downside rsi is
bottomed out stochastic is coiling at the low i think this is getting ready to kind of do a V-shaped recovery out of this,
just like what Meta did on its chart pattern.
Again, one's makeup, obviously, and one's tech.
But I'm saying pattern-wise, they look very similar to the way that they bottomed
and to the way that I think that it'll break out.
AI stocks, not doing too fantastic,
but you do have stuff like quantum computing that's still doing phenomenal.
I think quantum computing is looking really good.
Nike, I think ideally is bottomed.
That's another one I'm watching too.
I'm giving stocks because it's the only thing that looks good right now.
I do think like if you're buying memes, you can buy memes in the Q4.
I mean, there's no point in trying to trade them right now.
They're, they're not going to do substantial upside, but there's, you could size into these
plays a lot easier right now while, while prices are down still.
Um, but Nike right here hit, I think roughly around like $53 against a dividend stocked
does dividends.
Um, and I think that is going to be your low. around like $53 against a dividend stock does dividends.
And I think that is going to be your low.
I think that once you get above like 69-ish, Nike will start moving up pretty substantially.
And I think this is a good time to pick up some decent stocks or decent companies if you're really looking for that at the moment.
Somebody asked about
Fartcoin. Sure, I'll bring up Fartcoin.
We love you to death.
We absolutely love you to death.
That's good.
Are you back?
I'm back!
Nah, nah.
What's your thoughts on
Microsoft Strategist
and Coinbase?
Which one?
Microsoft Strategist, MSRT.
I think Coinbase will follow ETH to a T.
I think whatever ETH does, Coinbase will do.
And I can show a pretty decent proof of that here.
What about Michael Sage?
This right here
is ETH. This right here
is ETH.
Both of these are relatively, they did
the same exact move between,
sorry, ETH and Coinbase.
They did the same exact move as far as pullback and
everything else. Broke trend, came back down to the
previous support, and then broke away
from that.
You said which one ms microsoft yeah and microsoft strategist
ms i mean again i i think here's here's my thing with uh
microsoft microsoft already recovered uh strategy i think he's talking about
MicroStrategy
MicroStrategy
MicroStrategy
My boy had two stocks in one
I know
I was like what?
MSTR
I think MSTR will do well as long as bitcoin does well
so as long as you're looking for a swing into the ranges i was speaking about so the ranges
again i was speaking out was roughly mid to mid to high 100ks i don't think you're making it to
200 personally um and a lot of people think we're getting to a quarter mil i don't think we're
getting a quarter mil i think we're getting the mid to highs and then we're gonna roll but you
know if you're looking at that i would look for micro strategies to swing the same way this this
stock seems to to swap really hard with bitcoin and so far it's been a pretty good uh performance
to the upside you could even i would say in a sense, if you wanted to leverage the position, I wouldn't take
long positions on Bitcoin. I would take call positions on
micro strategy, if that makes sense. And I think that's a safer
way to do this if you're looking to leverage the trade.
Less chance of liquidation, give yourself more time,
and then you can still take advantage of the market move
with a lot less risk.
A lot of people don't think about that in crypto, right?
Like James Wynn, if I were him,
I would have went that route
versus trying to long Bitcoin specifically.
I don't think that was the smartest move.
Especially not in a top range,
not on a breakout, man.
You don't allow breakouts
It blows my mind that that was even attempted
And then what was the other thing?
I think somebody else mentioned something else
How the fuck have people talking through the mute button?
There were people talking through the mute button
I've been trying to figure that out the whole time
That's insane! It was fucking nuts There were people talking through the mute button. I've been trying to figure that out the whole time.
Say it?
It was fucking nuts.
Hold on, hold on, hold on.
I don't know why there's an echo, Will.
Maybe we figure that out.
In about 10 minutes, top of the hour, I'm going to give away the first.
Actually, there's going to be two winners, but I'm going to be giving away $100 in the first top of the hour.
All you do is like, comment, repost the stream to qualify.
Tag a friend for bonus points.
And then we have our special guest coming like around 8.05 p.m. Eastern.
So, yee.
Anyway, sorry, Nico.
Go. Not that sorry, though.
Not that sorry, though.
Go ahead.
Go ahead. You got it. Continue.
You got it.
Continue.
Continue.
Oh, yeah. Okay.
Whatever. You're sorry, not sorry. It is what it is.
Welcome back. I thought you forgot how to host spaces at some point.
But, yeah.
I was like, dude, what?
And then all of a sudden you're throwing everybody off on a Wednesday.
Oh, yeah.
Well, I didn't want to wait until Thursday.
I got home really late last night.
I was going to do a show yesterday, and I was like, no, I'm traveling still.
So, yeah, throwing you niggas off on a Wednesday.
Let's go.
Wednesday vibes.
But, yeah.
There you go.
So, Will, I actually agree with you on the micro strategy move because I'm not looking
at the price, but I'm guessing that it's down at least
50 or maybe somewhere around like 75 like not 75 25 down at least but uh the whole thing is that
that's at least going to do two or three x i don't bitcoin is probably going to go to like 150k
maybe if everybody's lucky i don't think we're gonna that'sK, maybe. That's why everybody's lucky.
I don't think we're going to buy it. That's what I mean.
That's why I think the leverage trade is more on microstrategy than Bitcoin.
It is.
And it is safer if you get a leap.
Like if you get something that expires in like a year, it is a lot safer.
So, yeah, definitely.
That's just – and I'm just giving you guys That just from a little bit of experience man
Like I feel like people in this space
Act like you gotta stay in this space to make
Money and say nah you can play
Stuff that's outside especially now
With how they tied so well
Between the stock market and crypto
It's easy to play the
Stock market versus crypto and make a
Lot of money with way less
Risk I think the best way to Make money in crypto is put $10 On every fucking shitter the stock market versus crypto and make a lot of money with way less risk.
I think the best way to make money in crypto is put $10 on every fucking shitter, not sell,
and wait for it to fucking go to like a billion dollars. Wait for the moon?
Yeah, yeah, yeah.
Like, that's pretty much the best way.
Just go through every single shitter that fucking made it to radium, right?
and made it to radium, right?
It's got to at least have made it to radium at the minimum.
Went down to, like, $5 or $10K.
Put literally $10, because that's not too much of a supply.
And just wait.
That's it.
You know?
Yeah, and the cruise got floored yesterday.
And then it ran today.
I think it's up, like, 20, 30X.
Hey, what's up?
Hey, what's up, fellow cruisers?
Nico, did you catch that?
No, I haven't been trenching. At least not on Solana. Hey, what's up? Hey, what's up, fellow cruisers? Nico, did you catch that?
No, I haven't been trenching.
At least not on Solana.
But what do you call it?
You know what?
I have a friend that sold World of Women yesterday.
And then all of a sudden, it did like a 15X today.
No way.
He decided to sell it yesterday? Oh, I got some of those.
Well, it's a she, but they sold it yesterday.
Yeah, they were literally...
The offer yesterday was like 70 bucks.
And then all of a sudden, yeah, they pumped today.
Like, can you fucking believe that?
What did they add to that?
They're like, so I think they're like .80?
I forgot.
Oh, no, no, no.
Sorry, .4.
Like .4.
Yeah, I had this information too.
I fucked up.
I should have bought a whole bunch.
Oh, my gosh. I bought a bunch when. I fucked up. I should have bought a whole bunch. Oh my gosh.
I bought a bunch when they were really low.
Yeah, yo, I'm telling you,
the Weef offers were like 70 bucks yesterday.
Literally.
That's insane.
I'm going to look right now.
I'm going to sell them.
Will, can we get back to Farcoin, por favor?
Yeah, yeah.
Look, look, look.
Farcoin.
Why did Farcoin dump on Pump Fun News yesterday?
What the fuck does that even mean?
It has nothing to do with...
I mean, it had a pretty easy to see resistance here.
I mean, this is a bear flag.
It's in a bear flag.
It's building long to go short.
And now it's broke down from that bear flag. It's building long to go short, and now it's broke down from that bear flag.
It's rolling.
I think it comes down to like 0.78.
That's what I'm looking for for this one.
And then I can pull out the other one too.
Somebody asked about the one on base.
I bet I already have it short.
Let's see.
Did you see that new one that's coming out?
That they're like, it's apparently community owned.
Look at this shit.
Don't ask me how.
Don't ask me how I do these things.
I just do them.
I already had this charted out.
Look, same bear flag too.
Same as...
I had it charted out for the bear flag and everything on this one.
And I think the one on base will
follow the one on
Solana.
I mean, here's the thing. Your
upside is almost equal.
So why even play the
beta?
I guess in my opinion.
But yeah, these charts look exactly
the same. I bet these are launched by the same people.
What? Farcone
and what?
The one on base. Oh.
And the one on Solano.
The charts look exactly the same.
That's crazy.
Like dead on.
So, did you hear about
that new thing that's launching after they decided to fucking
after pump fun decided to announce their launch no who what some other platform is launching
promising to like give back to the community instead of uh doing what pump fun is doing by
extracting let me see if i can find the video all extracting some of them are just trying to look
less extracting.
Yeah, yeah, yeah.
Wait, how the fuck is PumpFun extracting when you're deciding to buy the fucking coin?
No, no, I'm not saying, like, in the aspect of me buying the coin.
I mean, like, I'm talking about volume flow, right?
The point is to keep the volume flowing
so they can get their revenue stream.
Wait, wait, are you going to actually...
Are you going to buy into that pre-sale?
No, I'm not buying that shit.
Oh, okay.
I'm not trying to get liquidated.
I don't understand logically why you need to do another pre-sale
if you already had your early investors give you angel money.
I don't know.
Maybe I'm crazy.
Maybe I'm not thinking of it right.
Not enough Lambos and Roll royce i i have a really like positive take on it maybe over i would love to hear it go ahead
thank you profits no i i think that in the case that let's say that let's give them the benefit down and assume that they're not going to just go and buy a bunch of Bugattis and stuff.
Like, I think Elon has a pretty clear cut plan for what he wants to do with pump fund.
I think he wants to make it bigger than just meme coins.
Right. From a lot of the people that I know that are working on it.
He really wants to build out the streaming platform for one.
And obviously, that's going to he has the streaming platform for one and obviously that's
gonna he has the ability to make a lot of money raise a lot of money and i think that he's taking
advantage of that as a businessman and looking to build pump out into like a great platform
what like what that does for like the trenchers you know who knows i'm still pretty sure there's
probably going to be an airdrop balon has has said multiple times that, you know, he's going to reward early users.
But I think that he's looking to build this into like a long term product.
And, you know, I would wait till we get news before, like making a negative judgments.
I've seen a lot of like FUD on the timeline.
I think the FUD is coming from the new race, especially knowing that they've already quote unquote raised in the beginning.
But I guess with numbers like that,
you're able to kind of go shop for more investors.
So I mean, GG.
So I pinned it up top of what I was talking about, by the way, profits.
That what?
I pinned it up top of what I was talking about.
That new platform that all of a sudden-
More shit? You're shitting up more shit? They was talking about. That new platform. All of a sudden.
You're shitting up more shit?
They paid you for this shit?
I'm fucking around.
Peace.
Building Heaven decks.
You guys in these fucking names.
Okay.
My problem right away is they launched a video
before any type of tech.
That's an indicator.
They don't know what the fuck they're about to do.
They just need engagement and attention.
No shade, but yeah, that's my first tip.
Apparently, they're launching in two weeks.
Of course, they're not launched yet.
Let me say this, though.
Does anybody care? care no not really honestly honestly at
this point this whole thing until they've until like the streaming aspect of it is figured out
i don't think anything is gonna happen like i feel like pretty much then i feel i feel like
the streaming meta is diluted and it's losing it's it's losing its footing so yeah
there's a lot like everybody has a podcast all of a sudden nobody actually wants to like make
any actual content like it's just podcast and they want to be like really really lazy about it
right you guys are watching my podcast well it's a little different you've been doing it for a while like we've got
everybody starting out now and they're just like now all of a sudden yeah instead of just making
content like actual content something like people to learn from they're just they're trying to be
like the next big thing where there's just way too many people trying to do the same fucking thing
you're in the same rat race right you gotta you don't want to watch people sit on
the toilet for 24 hours a day seven days a week believe it or not people that wanted to watch me
fucking sit on the toilet but that's besides the point yeah so but yeah that's totally besides the
point like i'm just saying though like you've got we've gotten to the point where you we've got
people trying to make content on how everybody else's content sucks.
It's bad.
I'm so sick of watching people bitch about other people.
I'm like, bro, just don't even look at their timeline.
That's my favorite.
Why are you making content on somebody else?
I love that.
The haters, that's what we call them.
Don't get me wrong.
You can have opinions on people's content.
My thing is none of these people that have opinions have ever amounted to shit.
Never got a thousand fucking YouTube subscribers.
Never got more than, you know, a few hundred likes on a post more than once.
Who the fuck are you to judge content?
you know i don't know i'll call out cringy things but i'll never ever ever criticize somebody that's
You know?
I don't know.
I'll call out cringy things.
trying to do something different even if i don't like them even if i don't like them just because
everybody deserves to use these free platforms dude it's free to post one day it's not going
to be fucking free to post just saying yo you know you know that like alright I wouldn't dog
anybody if they were making content
but they have to put some sort of effort
into it like if you're
just sitting there just talking
shit the entire fucking time
with nothing to back up your shit
then I don't think there's like a reason
yeah there's a lot
of people who make content who add no
value whatsoever.
Like, they're just literally just shit talkers on a timeline.
Yeah.
Like, when I say no value. Do we call that content or Twitter spaces?
I don't personally think Twitter spaces are content.
It never has.
Look, I call it X.
That's the content you see on X.
Yeah.
Yo, what is the content that adds value, then?
Teach somebody something. Teach them a skill man like what or or or at least make people laugh like funny content's okay i'm good
with that but like this like sitting there and talking about people's looks all day and like i
watch people look i'm not gonna name drop but i watch people sit there and like literally do 50 posts on somebody's looks and it's like bro that's super cringe like you could
say something a couple times but like that's all your content is based around there's nothing else
there's no there's no substance to your conversation i'll put it that way right it's
it's more about substance to the conversation i love funny people next funny being funny is is content it's
good it's funny but like just sitting there like talking about other people all day and just talking
shit about people and and not even like in a in a way that makes sense like if you're talking shit
about somebody who's rugging people i think that that's fine right you're that stuff needs to be
exposed if you're talking shit about,
you know,
some,
some funny shit that you're seeing with a,
with a business,
that's fine.
But like,
I see a lot of people just sit here and like post nonsense.
And it's the same thing I'm pumped on.
Like when,
when you see those 24 hour streams,
I'm going to sit on the toilet.
What?
Like who's,
who's watching that?
People are doing that. It just it's it's really i don't know just weird stuff so the first the one that the one
that like like like pretty much pioneered all this is the bitcoin that the fucking what's his
name from harry potter obama sonic tanino he was i think he shot up heroin on stream
yeah yeah yeah that's what ended up yeah that's the first instance that's why he had the guy who
fought bitboy yeah yeah yeah look i i also think like it's it's like if you want to crash out on
the timeline i'm good with that too like watching people crash out live is okay i think he did it
on telegram like on the telegram stream shit
I don't remember I I wasn't like all that I heard about it after and then all of a sudden you see the talking flying
Like like bit boy bit boy has been a it's been a movie man
Like if you watch that guy from 2021 his life has been a movie on X and like that kind of contents. Okay
I feel bad for that dude though because he he
definitely got like manipulated and he's locked up right now by his business partners no i mean
look i don't know what all happened and what didn't happen right i don't know that definitively
but like just watching him like you've seen his ups you've seen his ups, you've seen his downs, like that's real life contents.
Okay.
And I feel like he really showed his real life out there on the timeline.
A lot of people don't respect it.
I do respect it.
I think like people that are transparent as fuck,
like about everything they're doing is fine.
Like,
and there's bad and there's good with everybody.
And he showed it all on the timeline.
I think a lot of people are not willing to do that.
But BitBoy showed a really good example. Okay. Don't leave your wife for, I'm not saying Cassie's a whore, but don't
leave your wife for whores or hoes. Okay. Because when you get locked up, they're going to go to
crypto conferences with other boys, with other men. Okay. I'm sorry. I wish it wasn't like this.
I wish it wasn't like this. Somebody send that't like this somebody send that man some commissary
yeah I don't think anybody deserves to be in jail
at the same time
you know you make decisions
you do stuff
on the internet you feel me like
I don't know I'm gonna digress
because I feel bad that he's in jail however
you don't think anyone belongs in jail
I'm not shocked I think you's in jail. However. You don't think anyone belongs in jail? I'm not shocked.
I think you belong in jail if you murder somebody.
Sexually harass somebody.
Molest somebody.
Yeah.
For those types of things.
I'm saying like.
Granted we don't really know what happened behind closed doors with BitBoy.
Right?
All we see is what we get from the internet.
Right?
So he's in jail for the most recent shit, for
pretty much threatening a judge.
You know that, right? I was about to say, that's
what got him in there, huh?
It was him
in court crashing out.
So he was saying the judge
was against him and all kinds of crazy shit.
He made a video about it.
He took some fence before a court case. That's crazy.
He was fence-bent that in the courtroom?
I mean, listen.
If I know I'm getting to this level of craziness,
I'm going to have a handler.
All that money on the Gucci, on the this, on the that.
I need a fucking handler.
Yo, don't let me crash out and fuck my life up.
I'm going to be crazy, but don't let me be that crazy.
Am I bugging? Am I dumb?
Look, I honestly think that he completely lost it and I do feel bad for him. I don't remember
who said it. Frankie, I think, said it, that they felt bad for him because he got manipulated by his
business partners. I agree 100% because that entire channel was him. I unsubscribed.
I never liked him anyway.
I've heard some things, man.
I've heard some things behind the scenes that I'm not going to repeat,
but I'm still pretty new to the scene. What I heard, man,
I was like, man, this game can get fucking grimy, bro.
Yeah, I mean,
I would say this.
A lot of people
go off based on what they hear, what they see
But none of us truly know
The back end of what happened there, right?
And I do think it was
A lot of the face was him
But there's always people that work with you
Right? And there's always people that help you
And there's always people that have a percentage
Of investment into what you're doing
To a degree
And I think that that's
a fair take too um i again i don't know how to like i don't know what happened there and so i
don't have an opinion on it because dude he wasn't big enough for like first of all to have like these
kinds of partnerships what do you have like a million or two million subscribers all right
why the fuck would you give up any portion of your fucking channel
for like up for grabs that's insane no way he is the channel anyway like it's big boy that he made
the entire persona of the channel you can't change that if the channel had like a like a general name
that might be something different but no like i don't understand what he did he definitely got
manipulated in some way one way or another you know like there's't understand what he did he definitely got manipulated in some way
one way or another you know like there's no way like he might have been promised certain things
i don't know but nah bro listen listen when you decide to now take yourself out of like me i'm
right i'm one individual i'm an individual i have yeah but the name the name is web3 exposed it's not no but what he decided
to turn his name into an entity and then bring in all those people i know this for a fact because i
got i have the direct connections and all the information now i'm not saying i pick a side
however they decided to conclude and say hey this is now a joint business, right? And he was able to manipulate
people watching him that don't know shit from fuck about an LLC, S Corp, and all those things.
And of course, it sounds crazy. And of course, everyone's going to like root for you. But you
decided to sign that years ago, whenever the fuck you signed it, you're breaking rules,
you're breaking simpletations in your fucking contract. What do you expect?
So I'm not saying it's right or wrong.
I'm saying that's what happens when you decide, all right, I don't want to be an individual no more.
I want to be an entire entity.
Someone said don't underestimate the place.
We have to follow up on a guy, man.
My bad.
Go ahead.
He's talking about the ones where I was talking about the people on the toilet.
No, Mr. Beast was a different guy.
And back then, you got to think there wasn't a lot of people on the toilet no mr beast was was a different guy and back then you got to think there wasn't a lot of people on the internet now the internet is like what what does everybody
want to be go go up and ask as a as a 15 year old kid what they want to be go up and ask a 12 year
kid what they want to be i want to be a live streamer i want to be a content creator facts
like the the the space is is absolutely diluted you got to put in 10 times the work you used to have to put in
to be able to actually grow as one of those things.
I didn't just not let people understand the amount of work they had to put into this.
Let's see who actually listened to Directions today and liked, commented, and reposted.
reposted. Let's fucking see. Damn. Nobody wants money. No, I'm just kidding. A few of you guys
Let's fucking see.
did. A few of you guys did. Yo, shout out to LMD Opezi. Send me, I'm going to put it right here.
Send me your Solana address. Congratulations. What a fucking legend you are. Wow.
You log in and you get rocked by people every day in group chats and you come here and you win some money. Shout out
to you guys. By the way, I'm sorry. No, go ahead. Did you see what I pinned up top the
first one? California just passed a bill to seize Bitcoin left idle in exchanges. What does that mean?
Why are we shocked?
That means, let's say you leave Bitcoin on an exchange, and it says after three years of inactivity, all assets can be taken by the state.
No, I'm sorry.
I know what it means.
I'm saying, why are we shocked?
The government is always going to take a shoe that's not theirs.
Nah, not like this.
I've never heard.
Have you read the bill, though?
No. But it says bill, though? No.
But it says it, right?
I don't know exactly.
Actually, I read into that.
You can claim it back.
If they take it, you can claim it back, is what I was reading.
Well, that's good.
That's why I was asking, because I didn't know if anybody actually read how they were doing it.
I don't know why they would seize it in the first place.
It's just freaking weird.
That's what I'm saying. It's like trying to see the savings account. Are you serious? Oh
You know what it probably is right it's they're gonna probably try and seize a bunch and then if people die
They can basically essentially keep it
That that's likely the route they're going here. They're not actually trying to take people's
crypto, but if you die, they're going to take it.
Yeah, I'm reading
into it. Apparently, it falls under
unclaimed property loss.
So you can always go to the state and get it back.
Like Will just said.
And if somebody
dies, as long as they have heirs or
something, somebody can claim it.
Like their kids or whatever. Maybe. Maybe. No, they have to be able to claim it bro there's no way
it's probably well he just said if it's unclaimed property then you know how are you gonna know
that you have bitcoin that your grandfather had bitcoin your great-grandfather had bitcoin
unless they tell you on an exchange i mean if you're going through their email, whatever, I don't know.
Like, maybe their grandfather told them, you know?
You obviously got to tell somebody if you're old and you got, like, a wallet, like a fucking...
I will say this.
Regardless of how it goes, it's messed up.
Like, they should not have a right to see anything.
It should just stay on the exchange.
And then somebody should better pick it up if they find it.
Hmm.
Are you guys on Twitch, too?
If you're on Twitch, make sure you guys follow and subscribe.
Most people here, though, don't have
any other apps, so it's okay.
Yeah, we have
a few minutes.
We have a few more minutes to the special guest pulls up.
Uh, Will, what is, what is your take on pump fun launching in two weeks or whenever it
does launch?
Do you think it depletes all the meme coins on Solana?
I really don't have, I just don't care anymore that these are launching stuff.
I get you, but let's be real.
It's going to be a liquidity event.
I'm so desensitized to this shit now.
But it's going to be a liquidity event.
We know this.
We know this.
I think everybody has
meme coin fucking
tiredness.
Nobody wants to hear about meme
coins anymore yeah no here's the thing like i'm still buying and adding to my winners but i'm
only buying my bags like i'm not buying new shit i'm not buying ponjis i'm not buying stuff that
like you know is just launching like i'm not buying and i'm not buying jupe i'm not buying this
i'm not buying tm i'm not buying any anything that deals with airdrops or purchase ahead of time or
any of that like you can keep it i'm not i'm not interested i i think i think like the best thing
to do at this point in stage in the game especially because of where my mindset is. My mindset is four-year cycle.
Is that we're going to get a ball off top,
I need to take advantage of it, and then
I'm getting out. And I'm not doing that through
buying new launches that are basically
in the end, if we go into another
bear market,
become an extra liquidity.
What's up, Cam? You there?
Yeah, I'm here. What's happening?
West Coast Cam right now. What's good with you, bro?
You been trenching? Are you on the charts?
Yeah, yep, yep, yep. Shouts out to you.
Shouts out to you today. You know what I mean?
Probably been in the trenches, too.
What happened? You cooked?
Yeah, I cooked, man. Thank you. I cooked. I put it in when you told
me and went to sleep. And I woke up like, damn.
That's why I put in our group.
Good shit.
I appreciate you.
Let me ask you this. When I
first asked you, you told me,
and you don't have to drop the name. We don't want to give people no
extra fucking clout that they don't deserve.
You as an actual
trencher, and Cam is, if you guys don't know, I think very unique because I don't deserve you as a as an actual trencher and cam is if you guys
don't know um i think very unique because i don't think it's talked about trencher i don't i don't
think it's talked about enough that he's like a true he he chases volume whether old or new or
whatever and i think that's very that's very unique because most people just trace new launches
so like in your opinion when it comes you know, finding things that you jump into, you said a certain person promoted it.
And normally, you know, you kind of stay away from things that certain people promote for good reason.
And you're normally right.
You're normally right.
What is that biggest indicator for you?
Like when certain people promote something, certain Twitter accounts.
Yeah, to stay away. it's certain people i'm not
gonna call them out but it's certain people that anytime i see them shield anything i know it's
i know it's going to zero i know they have an exit price and they're all going to dump on
everybody's head at a certain exit price and it's recorded on the blockchain so it is those people
out there that you have to be extremely careful and of, of course, if you're really in the trenches, then you should know who to avoid.
And don't just be naive, you know what I mean, to a lot of this craziness that's going on out here.
But, yeah, I do have a group of people that I definitely stay away from.
I see them shilling something right now, and guess what?
Not clicking it.
Not clicking it.
So we need to buy everything that James Wynn buys, right?
So he can keep it in the package positions.
Bro, isn't he in profit again?
Yeah, he's going to lose it all again.
I thought he got liquidated today.
He got liquidated and then asked for donations, and now he's back on top.
Again today?
No, no, no.
I'm saying in general.
I don't know what happened today.
Something happened today?
He got liquidated this afternoon. Oh, saying in general. I don't know what happened today. Something happened today? He got liquidated this afternoon.
Oh. Did he add?
I don't know.
But he got liquidated this afternoon.
No, you're right.
I think price did fall down below his liquidation.
Yo, Capo, what's up?
He said
Moonpig to a billion today
and it dropped 40%.
Bro, then Squally and all those scammer motherfuckers, I saw them promoting Moonpig to a billion today and it dropped 40%. Bro, them Squally and all those scammer motherfuckers, I saw them promoting Moonpig a few days ago.
And I was like, uh-uh.
Uh-uh.
What did it go to?
Did it cook?
Yeah, it cooked when he was on his run.
It definitely cooked when he had his run.
Like, what was that, last week or two weeks ago?
Uh-huh.
It cooked.
Yeah, that's why I think I stayed away.
I saw it had ran up and i'm like no
why are you promoting it now i already ran up i'm still trying to figure out why why why people even
like that meme well it's ugly it's stupid it cooked until he needed money to kind of push
his leverage position down a little bit and then and then he cooked on it and then i he did the
same shit came with with titcoin didn't he yeah yes yeah yeah yeah he
was one of the reasons that i uh i caught me a nice entry on tick coin last week because he
liquidated his position and he you know i'm saying caused a nice little supply bro that's wild to sell
that yeah so shout out to james for that james yeah bro bro at like 30 mils it wasn't only two percent too
the supply that slinger sent him he liquidated that too james one is like honestly yeah out
here sending supplies let me know bro he's he's legit it's a whole story behind it my fault
he's legit crashing out live worse than bit boy on the timeline, man. It's actually wild how much he's crashing out.
Well, I don't think anybody else has lost nine figures on the fucking timeline, though.
That's a lot of fucking money.
But whose fault is that?
I would have been happy with 1% of that.
I'll even take a tenth of 1%.
I think we're coming to an understanding as a space.
And this is not a joke.
This is serious.
And if you need to seek professional help, I highly advise you to do so.
Gambling, especially at a level where you're throwing in four, five, six figures, is a highly addictive drug.
Almost, I actually would argue and say it's worse than crack, right?
Because now you're accustomed to a lifestyle when
i tell you the motherfuckers i met in dubai that are from america and they swore up and down they're
not going back to america they're having too much they're enjoying themselves way too much
i'm like brother what go to your mother your mother wants to see you for christmas go to the
fuck go back to the states and then it then it dawned on me. Holy fuck. You guys owe back taxes. So you're really stuck. Now you're really obsessed. And now you're really, listen, these characters will promote and share and talk about things in a light that it's like, oh shit, it's that easy? The best thing is to hold Bitcoin.
It blows my mind how Bitcoin is trading over $100,000,
and this whole corner of Twitter is losing their fucking minds.
This lets me know more and more day in, day in, day out.
Most of you don't have a good credit score.
Most of you don't wash your ass daily.
And not to mention, you guys probably don't fend for yourself.
You're couch surfing.
You owe your roommate money.
You just, you guys are tweeting out,
oh, 40K, blah, blah, blah.
You still owe student loans.
This doesn't make sense.
This whole point of grinding is to get the fuck out of this shit.
Yo, why are you calling me out
right now? Bro, your credit score better be good.
That's a good
point, though, Profits. A lot of people don't realize
that the point of coming into the space
is to try and get yourself out of a
match.
Sorry, my bad, Will. It takes one to know one.
I was 22 years old
flexing like I knew how to trade Forex, living in somebody's fucking apartment. Okay. It takes one to know one. I was 22 years old flexing like I knew how to trade Forex living
in somebody's fucking apartment. Okay. It takes one to fucking know one. You have to know how to
read through the bullshit. I'm now 32 years old. 10 years later, we learned that lesson the hard
fucking way. Get your credit score up. Get your cash flow up. Get your skill set up.
That's it.
If there's one thing you take from this show, it's that.
Okay?
It's literally that.
Shout out to Cruz.
Anyway.
Yeah, I think the sad thing is, too, is like we're in such a bubble here.
And this is what I noticed when I came into CT.
Because I was floating around the cryptoverse for about a year or so beforehand.
And all this meme coin stuff was kind of unbeknownst to me.
And a lot of people come into CT because they want to get involved.
They're excited about crypto.
They're excited about the adoption technology and all this stuff.
And they're here for money.
Don't get me wrong.
They're not here for the tech.
But with that comes money. A lot of people come here to get involved in that and to invest.
And I think a lot of people get psyoped into thinking that the only way to make money in the space is to throw it in the trenches or to go on and on memes.
Because, you know, the other alts, the L1s, you know.
I wouldn't even say that's their only way.
They think that's their highest upside.
That's what you're trying to say, right?
That's the highest.
Well, right.
Well, they're just.
Well, yeah, I mean, exactly.
I mean, yeah, I mean, right now the consensus is, yeah, we can make like maybe a 2 or 3x and something else, but I want that 50 to 100x.
The reality is, this is my thinking.
I still think we're going to get a pretty crazy alt season, not where everything goes up, but where, you know, certain, certain tokens really do go parabolic because when
a lot of people come into this space, when the markets get animal spirits and when, you
know, more people have jobs and more people have money and we're just feeling better about
things and we're watching Bitcoin rip and ETH starts to rip, people start to get FOMO
and there's a lot of money sidelined.
I mean, there really is.
And those coins are going to, I think a lot of money sidelined. I mean, there really is. And those coins are
going to, I think a lot of coins are going to go fucking crazy. And I think that a lot of people
could have saved themselves a lot of pain by just buying strong assets and holding them and waiting
for that ETH outperformance in that late stage bull market. You know, all the gains that we get
in the bull market, aside for, you know, the meme, the gambling, which I mean, let's be real, most people lose money there.
All the gains in crypto really come at the end of the cycle in like four to six weeks.
We sit here for years and years and years screaming alt season.
And then it finally happens and it's really over before you know it.
I don't think we're going to get alt season in the summer.
No way.
I just don't see it unless something crazy happens. But I don't think we're going to get altseason in the summer. No way. I just don't see it unless something crazy happens.
But I don't know, man.
I just think there's a lot of tomfoolery on the timeline.
I think that a lot of people get misled.
I think that this game is a lot simpler than people realize.
It's just to identify strengths and hold them into altseason.
I think we'll get that.
If we don't get altseason, then that thesis is cooked, right?
I mean, obviously.
But I think we will.
I think ETH will break
all-time highs. I think we'll see it.
When
you start seeing people on the timeline
not sell their PFTs
for stupid
amounts of money because they think it's the future,
that's when
you know we're at peak euphoria, pretty much.
Yeah, I mean,
the thing is, is like, I think there's a few people, very few in the space that kind of understand what's actually going on. But, you know, my thesis has been like 2030 is kind of the year, you know, that next cycle is going to be the year where things are really going to be good.
And this cycle is kind of one of those low cycles where you can make money here but you should just be
dc and then gradually um in in basically like you said freaky strong assets like i and this is why
like i i talk on some of these stocks too because i think they're strong assets um with good names
good brands and stuff like that and they they're at deep heavily depreciated
prices and i think that when you look at a lot of this if you just take your time versus trying
to chase you'll do fairly well chasing was was fun and it's really good when you're near like
the bottoming of a market but it becomes more and more difficult the higher and higher you get with price and at that point you know once you get
so high every move almost is an exit liquidity event right like every every new launch is an
exit liquidity event and it's just i can't explain to people this is why like i tell profits all the
time like look i'm just not interested in new launches because they're too risky um and then
i look for things that are heavily
depreciated and I try to take advantage of those, but I'm not willing to touch new stuff up here
because every time you get into something new, and I've seen it time and time again,
this shit flips around, goes right down to zero. And when I say zero, obviously not zero, but
close enough to 90% down, 80% down. That's where a lot of these new launches end up coming back to.
And you can catch them at heavily depreciated values if you're actually interested in them.
You just have to be really freaking patient with this market.
People are losing patience and losing a lot of money because they're losing patience.
Dude, patience is the alpha.
Patience is the alpha. Patience really is the fucking alpha.
Patience really is the fucking alpha.
Let me pin this up too.
Let me pin this up too.
There's a lot of things that I see out there in the macroverse that tell me that my thesis is at least somewhat correct.
This is from the 42 macro team.
The executive summary. Let me just read. There's two sentences. It'll take 10 seconds.
I think people will be stoked to hear it. And it goes to what Will's saying, too,
about summer. We have to be patient through the summer. It's been a long ride. I get it.
We're fucking tired. But let me read this to you. So the key macro question for last Friday,
are asset markets sleepwalking into a turbulent summer? Potentially, But as long as paradigm C,
which you can read about in the next slide,
it's basically just really the same reckless spending
and government debt that we've seen
from previous administrations,
plus tax cuts and deregulation,
which are really going to send things.
I think it's really going to fucking send things.
So as long as paradigm C remains the highest probability,
we think it is supported by uh the april pce some
macro data investors must buy the dip in anticipation of a potentially explosive
multi-quarter move higher in its gas sets um in the second half is what he's referring to of 2025.
uh that would be driven by persistent upside capitulation by the large swath of inventor
consensus uh that still needs to transition from being myopically
focused on tariffs, aka don't worry about tariffs. Tariffs are going to get sorted out.
They're scarecrows, sure, and they bring short-term uncertainty, sure, but tariffs aren't the story
here. And then to understand the full distribution of economic and policy outcomes in paradigm C,
which you can read about in that next next note and then just on that note you
know on patience the third chart we're not going to get rate cuts this this month and we probably
won't get them next month either likely q4 will be where we'll see them q3 going into q4 is my
thought no offense but literally no offense but literally how can jerome powell push out
he'll push off rate cuts for six consecutive meetings in a row because we don't
necessarily need them yeah the the thing is is like there there's i think a lot of people think
the fed's gonna panic cut the the only way the fed's gonna panic cut is if we get deflation if
you get a panic cut you're gonna get a heavily heavily depreciated assets they're gonna they're
gonna drop like like rocks essentially it's not gonna going to be good. So I think he's going to ease into it.
Yeah, they're not panicked. I mean, for what it's worth, I mean, the economy is pretty strong.
The US economy is pretty strong. Cracks are starting to show. I think we had some labor
data come in a little bit weak today. So that's a step in the right direction. The Fed needs a
reason to cut that thing, guys, as they need political and social cover to come in and shift policy they need they need to
have you need to see the cracks first you need to see problems really start before they pivot i mean
i'll i'll be real like i think i think q4 will be profitable kind of like what you're saying
the other the latter half of this year will be where the profitability will be.
The problem that I'm seeing is probably, you know, and I think there's a good chance of it. And this is the same issue I had in 2021 going to 2022 when they said inflation was transitory.
And I was like, there's no way inflation is transitory at 7%.
And then we went to 9%, right?
And then the Fed started slamming us with rate hikes.
But basically, I really can kind of see the this market as
going kind of bullish going into q4 and then going into q1 of next year us ending up in a
deflationary environment which ends up because the fed cuts late again to what fall was saying
but i think the fed is going to cut late and when you got deflation already happening from the spending,
slowing plus tariffs on top of it,
tariffs are going to also split on spending pretty heavily.
You've got a double whammy on deflation.
And if you end up oversteering the boat,
which I think is a possibility, it'll look good in Q4.
But I think if you go into Q1 and it looks like you oversteered
into deflationary territory, you're going to see sell-offs of assets like you've never seen it's gonna be another bear
market again yo real quick real quick hold on we have a new guest on the stage faucet i don't think
you've ever came to one of my spaces we just talk shit to each other in other people's spaces
faucet is america's first gen z president 2036 is already mine, according to him. So you better wait until 2044 to run.
Black, queer, go shoot Native American slash trans woman. Welcome to the stage.
Thank you for being here. Go ahead.
Thank you very much. Thank you very much. Thank you for using that.
You're not no faucet. Have you never met this guy before?
No, we talk in other spaces, but I don't think he's come to mind.
Good, good, good, good, good. So here's the issue, Frankie, I'm having. The longest time
the Fed has gone without a rate cut in modern history, in fact, at all since the 70s, has been
around six months with prices remaining steady, with rates remaining steady. Problem we're seeing is, do we see a rate increase happening at all in the next year?
It's possible.
It's possible they don't cut rates.
It's possible that the conversation shifts to them hiking rates.
I mean, Jim Bianco makes that argument.
Personally, I don't see it.
I think we're going to start to see cracks, and they'll have to cut for that.
But how long it's been since they cut, I don't think is really too relevant.
I think one of the main reasons that they have been so high for so long is because something else happened that's never happened before.
We printed, like, what, 40% of the money supply in the course of, like, four months?
Correct, Correct. But the longest time outside of this time period was before the 2008 recession,
specifically for all those in the crowd, it was, I'm sorry, October, 2006, all the way to July,
2000 and or June, 2007, they kept rates steady at 5.25% the whole time.
So what I'm saying is, is like the last time we saw a Fed rate stay this consistent for
a long enough time, it spelled disaster in the long run.
So what makes you think we're not going to be able, we're not going to be getting something
We're not going to be getting something before July.
before July?
Well, first of all, based on the chart that I showed, this is like a Wall Street expectation on rate cuts.
The source comes from Bloomberg.
It's from Bianco Research.
5% chance of a rate cut in June.
20% chance of a rate cut in July.
Now, again, that's not definitive, but markets have pretty much priced in no rate cut this
month.
And again, there's just not really a reason.
Like I said before, the Fed needs a reason to cut.
Think of their dual mandate.
Stable prices, stable employment.
We're not really seeing that big.
The market's been pretty on point, too, Frankie, far as like whether we get cuts or don't get cuts.
It's been pretty on beat.
There's nothing going on.
There's really no reason to cut yet.
I think if we see inflation come closer, like more inflation data bringing us closer to 2%,
we start to see continued weakness in the labor market.
That's what they're looking for.
That's what Chris Waller came out and said.
He said, as far as rate cuts go, it's what they're looking for. That's what Chris Waller came out and said. He said, you know,
as far as rate cuts go, he's like, we're looking for bodies.
And what that means is we're looking for less people employed,
more people unemployed. It's not ideal. I mean, it's really not, you know,
it is what it is though. I mean, what can you do?
I hope they end Q2 before, before, you know, Q3 maybe.
The main question, the main kind of answered it, but I need to reiterate,
there was definitely writing on the wall last time there was rate cuts that were suspended.
Say you're right, correct?
What's after July?
When's the next FOMEC meeting after July?
August.
Okay, so it's every month.
Sorry, I don't know if it was a six-month thing.
No, they take a break in August.
I think it's September.
Yeah, they take a break in August.
Is it?
So that's what I'm saying.
If there is only a 20% chance of a rate cut in July,
and they go all the way to September,
that would be the longest time in American history
where rates were not cut down from this. And it just spells it just. So, all right, I'm just gonna, I'm just gonna,
like, help you out here a little bit. When they were supposed to do like, raise rates,
when everybody was saying for them to raise rates, they didn't one July. And it skipped that
all like if
there was no meeting in August and I believe the
meeting in September was a little later
than usual or whatever
and they should have cut rates in July
and it ended up being too late
so I'm actually trying to back up whatever you're trying to say
so real quick
before you go further
I think to your point though
this goes back to the conversation I've been having is that I think 2026 is going to be a shit show.
Because, again, I think they're going to be late to cutting rates.
They're still saying they're tightening, right?
They're still saying they're tightening, which means they haven't said we're going to look at cutting or any of that stuff, which means that they may be
very late to cutting, just like they were late to raising. And if they end up late on that end,
they're going to create, they're going to go into the deflationary area and you could get another
2008 in 2026. I don't think so. One of the reasons why I don't think they're going to cut.
No, no, I'm talking about deflation specifically.
We have to understand deflation and what deflation does to the economy, right?
Deflation decentifies investing completely and absolutely.
If you oversteer into 1% or 0%, or even in the negatives, you're going to definitely have a lot of people pull money out of the stock market.
But I think they've taken that risk out.
I mean, for one, the Fed is always late.
Like, let's, I mean, that's, their mandate is behind the curve.
It's the hard data that they're looking at.
But second of all, if we hit a deflationary environment, they just print their way out
of it.
They've taken the left-tail risk out of markets entirely.
But we're talking about a ship.
We're not talking about turning around a bike or a car.
What's up, Nico?
Yeah, please.
So here's the thing.
First of all, they're going to be following whatever's going on
on the 10-year yield, the Fed, all right?
That's the big one.
Because right now there's a lot of people that actually have money
in the money markets instead of, like, because the yields are so high.
That's, like, huge.
And then you've got
everybody else like they have the retirement funds in the stock market so kind of the fed
is kind of stuck with like between a like like a rock and a hard place on this one but they're
going to follow the yields the 10-year yields that's what they're going to follow what's going
to happen with that if it goes up they might have
to raise rates again well i don't think it's going to go up but it almost did because nobody was
buying the bond well then if no one buys the bonds in comes in comes the central bank to buy the bond
or the treasury they've already been doing that they've already been they've already been
implementing yield curve control so all right yo is there is there a graph for this william is it nansen can you pull up a graph
so here's what i'll hold on let me just throw this part in there nico real quick and i'll be
really fast so obviously the the fed has the the spreadsheet right where they're basically buying
up bonds and everything else how do they unload those in an environment where they start they're starting to try and do cuts
they can't they're way over leveraged they're way over levered they have to they have to remove they have to remove bonds from the balance sheet it has to happen and so a lot of people
there are saying that we're going to get cuts how are you going to get cuts and remove removed from
the balance sheet here's here's the thing all right so I'm going to get, I wanted to get there.
Yo, if you look at me DMing you,
one of the things that I've always talked to you about
or even said anything is DXY and the dollar, right?
Because it's been very weird to me the last few years.
The dollar goes up, Bitcoin is going up with it.
So what's been happening is,
and it's true what happened
because you see Tether fucking made more more money than the u.s government on the dollar is tether's been buying bonds
i think which i don't think is going to happen right now but i do think that if trump passes
any kind of stable coin uh like regulations where they have to hold bonds and like it's actually like a
thing i think that's what that's what they're trying to do too like i was watching somebody
the other day and saying exactly what i'm saying but i've been talking about this for like two
years three years now right this whole thing they're gonna try and pretty much like it looks
like they're gonna try and make tether and
whoever the else usbc buy bonds if they want to print stable coins if you're gonna force them
into it so but i actually think that's a good thing but that's not gonna be enough to to equalize
bonds to the way they need to unload the balance sheet it's never gonna be close they need countries
to buy bonds if there's yeah i understand what you're saying but that's the thing that there are countries like there's a lot of countries using tether like it so you can
already see the evidence in a lot of ways on this there's already countries using tether so and if
tether is forced to print they're gonna have to buy bonds to print those those stable coins right
now tether is like one of the top they're in the top 15 holders of
bonds and if there's any regulation actually passed so i ended up meeting somebody that worked for uh
kristin uh kristin gillibrand he's the senator of new york and actually we had a long conversation
about stable coins about this right i actually met him this is the cab story i met him in the cab
this right actually this is the cab story i met him in the cab and he was the first person to uh
put it on my radar about stable coins and what's going on so they have to they and i think they're
figuring it out but they the more like they're trying to figure out how to regulate stable coins
without making the entire market crash and i think this is a good way because if they
regulated stable coins and they
came out with a cbdc that's bad for the entire market but if they regulate them in the way that
i'm talking about right now where if they're gonna they're pretty much gonna make them buy bonds
i think that'll actually help out with the with you think that's gonna happen in the next six
months no no i'm saying i don't think i think it's gonna happen actually in 2028. Closer to the end of this presidency.
Okay, but what we're talking about right now, or at least what Frankie, I believe, was talking about was current, like 2025, 2026.
This curve where everybody believes that we're gonna start getting cuts with the balance sheet being over the way it is.
I don't think we're gonna get cuts right now. I'm also saying that too. I don't think we're getting cuts right now. Something. I'm also saying that, too. I don't think we're getting cuts right now.
Something does have to break. I agree with that.
Something does have to break for them to do cuts right now.
What do you think about that, Frankie,
specifically on the balance sheet
and the cut situation?
If you're here.
Yo, my bad. What was your question?
So what do you think about the balance sheet
versus people thinking that we're going to get cuts
with the balance sheet being as over-leveraged as it is?
Hold on. Hold on. Hold on.
We got a special guest here.
I'm going to ask him a question.
Mr. Eric Trump, I want to know
how do you feel currently about Bitcoin
at the current point in time?
My family loves you.
Hey guys, we're bringing Bitcoin to America,
and America is going to win the crypto revolution.
That much I can tell you right now.
Yes!
We finally have a competent president in the White House.
And we have a president who loves this industry
and is behind this industry 100%.
And guys, I'm telling you, we as a family could not be more excited about this.
And amazing things to come with this group of people on stage right now.
Thank you so much, Eric. I appreciate you.
Hey, let's get back to Frankie.
What were you going to say?
You mean like the Fed balance sheet correct yeah what do i think they're gonna what
do i think they're gonna do with it if you don't gotta answer it's all right frankie
no no so what what i was kind of saying is like everybody keeps talking about cuts right
how can you cut and be that over leveraged on the balance sheet at the same time are they just
going to carry that balance over are they going to actually still again this i think this is more to the argument
that they're going to wait to cut because they have to offload more of the balance sheet
i'm honestly not familiar uh with what you mean
so basically the fed does buybacks on bonds right right? To keep the rates relatively at a reasonable level.
Yeah.
And so in that scenario, they create a balance sheet by balancing that, by buying those back to keep rates from going too high.
And so when the Fed buys up on the balance sheet, they then have to deleverage that buy up at a certain point.
have to de-leverage that buy up at a certain point and they have to de-leverage that by selling those
bonds to a different entity whether it be another country uh investors yada yada yada and they usually
do that that shows more like in in times of comfort where people feel more comfortable with
the country and stuff like that you tend to see a lot more bond buying i mean bonds were basically
you know 0.03 in 2021 2020 because there was such a such a huge interest in bonds and now
bonds have gotten to a point where they're just barely any interest in them and so they're having
to buy such a substantial amount of them at the moment to be able to balance that balance sheet
and or to be able to keep the rates where they are so they don't get too high where it's unsustainable to be able to pay the rates.
Right. So they have to they have to pay a percent. So if it's five percent, they have to pay five percent over 10 year, over two year, whatever it is.
Yeah. They can't let those rates get too far. So they have to buy them down whenever other people are selling them out.
And eventually they have to sell those off to be able to equalize the balance sheet does that
make sense yeah yeah no i'm i'm familiar with the fact they have to buy them what do you mean by
leverage though like like the like the like the interest they owe on the bonds are buying
that's where i'm that's where i'm like not sure what you mean when you say i'm probably just not
familiar with it but what do you mean mean by when they're leveraged?
Sorry.
So they're buying the bonds to keep the interest rates down so they don't get too over leveraged.
Yeah, like yield curve control.
So that way you don't get like 20% 10 years, right?
Right, right, right.
Or 20% two years.
So they're trying to keep that balanced.
And so they eventually have to offload those before they can actually start cutting because offloading the balance sheet is actually bad for the economy as far as like – it's like selling pressure essentially.
You mean like QT?
You need buyers.
Yes, it's QT exactly.
You need buyers with that QT. And so because they have such a substantial position right now in bonds, they have to QT off some of that bonds on the market somewhere.
That's what they've been doing, isn't it?
What are they at now?
No, nobody's buying them.
No, nobody's buying them.
That's why you said you have to follow the 10-year yield.
Nobody's buying the 10-year.
Exactly.
That's the problem with the 10-year right now is nobody's buying them.
Oh, yeah.
Well, they're talking about the SLR for that.
And I was listening to Jim talk today, too.
And they're like, well, if they're going to move the SLR, it's like fine.
But it's like, these banks are already underwater on those bonds as it is.
So are they going to come in and buy more?
Yeah, okay.
I was just losing you at leverage.
I don't know what you meant.
Yeah, so when I say leverage, I mean like leverage up or leverage down.
But yeah, not like actual leverage.
I don't know what they'll fucking do.
I mean, who's going to buy them?
I don't know.
I mean, does the Treasury come in?
I think the Treasury's been coming in and doing something, right?
They've been kind of moving behind the scenes.
I don't think that they can offload them, and if they can't offload them, I don't think QE can come.
That's the problem I'm seeing with this, right?
You want to hear what the worst part about
all this is? I'm actually looking at the 10-year
yield chart, and it is so fucking bullish.
I like to the upside that it's
scary.
Here's the problem. They have to keep buying
into that if that ends up happening.
And that's really going to overload
their balance sheet, and they have to offload that
somehow. The Fed has
an obligation to balance the balance sheet. That's why it's called a balance sheet. But, Zach, I see somehow they the fed has an obligation to balance
the balance sheet that's why it's called a balance sheet but zach i see you wanted to jump in there
real quick no i just thought it was interesting because japan couldn't sell anything uh two weeks
ago no one showed up to the bids at all uh for bonds and then the same happened for the u.s but
they actually cut the golden the uh the bloomberg terminal feed because no one's buying them. Or the U.S. as well. Yeah, that's honestly why I'm bearish on 2026
because if they can't find a buyer, something's going to give.
So what does that mean?
What happens in that situation?
Can the Treasury buy them?
Can the Fed buy them again?
Do they have to like...
No, they can't buy them again.
They sell them in partial fill, so they'll do it at 60% off, 40% off, but they can only do that so much so far, they can't buy them again. They sell them in partial fill.
So they'll do it at 60% off, 40% off.
But they can only do that so much so far.
They won't buy them.
And so when they sell it at a partial fail,
that means that what?
They cover the difference out of their own pocket?
You guys got to remember that the banks
are also something like a half a trillion dollars
underwater on bonds too, I think.
No, they're buying that, bro.
Fine, whatever. Some of them were buying at point decimals yeah yeah i know i know and right now we're at like five percent so yeah
like that's what kind of one of the reasons why everybody thinks the fed is gonna lower rates but
at the same time look at what's going on and nobody's buying the debt and they're between
they're really stuck between a rock and a hard place right now i don't really think people possibly pissed off all the
other countries well that's the thing too is like and that's and that's the nico's point as well is
when he was when he said that you know the you know and usually when the i think you were mentioned
that like the strength of the dollar in the 10 year you know that's a divergence we're seeing
and that's i think partially due to a crisis of confidence that quite frankly trump lit a fucking match and fucking threw it on the fucking bond market and there's no going back from
that and now yeah but no this started before trump this isn't exactly trump this is if you look at
it started with biden it started with biden when he seized russian assets i think and it's continuing I think I think tariffs have have helped deflate the
deflate the inflation but they haven't helped the Fed unload the balance sheet because they they've
kind of double whammied right so they pissed off everybody who traded with us which is what it is
at the end of the day right I don right? I don't have a political care,
like what people's opinion is on that. I just look at it from a numerical standpoint.
So it pissed off the people that traded with us. And then in addition to that,
the Fed has to offload those bonds. So how can they do that if nobody will buy?
And so the only thing that can typically happen, and this is why I said you could get,
I'm not saying this is going to happen, but this is why i said you could get i'm not i'm not saying this is going to happen but this is why i said you can get a 2008 type squeeze
because if they can't get into qe at any point because they're stuck in qt because of the balance
sheet then at that point you can cause a collapse for standing qt for too long and you can oversteer
the boat and i always look at it like it's it big long boat, right? So big long boats take a lot of
steering and a long
turn. So
it could be potentially really bad for the
economy if that ends up happening.
Well, they're not going to let... The thing is, too,
is they're not going to let the economy
just collapse. They'll figure out a way
to inject liquidity. They always will.
They'll stimulate when the collapse
happens is what they'll do. Right.
It's too late.
If we get a deflationary environment,
like in my mind,
I think you should always buy the dip
because if we get a situation like that,
what's the response?
Massive stimulus.
It's always massive stimulus.
And it's like we shouldn't...
What I'm trying to say is the bottom
could fall out before the
massive stimulus comes in
do you see what I'm saying
and then I'm not saying don't buy the dip
I'm not saying be fearful of the dip
what I'm saying is that
there could be a great
buying opportunity versus just
buying, buying, buying, buying like we've been doing
so you're saying the bottom falls out there could be a great buying opportunity versus just buying, buying, buying, buying like we've been doing.
So you're saying the bottom falls out.
We fucking,
we hit peak fear for a few months and then we correct ship.
or we do our one year bear market atypical.
Yeah,
I'm not sure.
I'm not saying that that's,
that that's a definitive scenario. I'm just saying like,
that's, I think that's a definitive scenario i'm just saying like that's
i think that's a good possibility the way the balance sheet currently sits well that's like
that's like the big fear about the bond market right i mean that's why all the fucking guys
been talking about the bond market for the last two or three weeks it's it's a big it's a big
deal a lot of people are ignoring it but it's a big deal it is uh the bond market really drives the market. Zach, did you want to jump in there?
The bond market, by the way, is like four or five times the size of the stock market,
just so that people know what's going on.
Yeah, it's a big deal.
It really steers the market in a way that a lot of people don't understand.
If the bond market gets fearful, things get really bad for the stock market.
Yeah, I heard someone say
eric trump i want to know how you feel about this conversation so far
listen i i agree it's uh it's amazing i know my father made a lot of promises to the crypto
community to the bitcoin community when i see the growth from nashville last year to this
you understand you're really on the precipice of something special.
And that includes all those who've been in this.
From our standpoint, in the private sector, I mean, between Eric, myself,
I think we could show our true level of commitment when you look at all of the things we're doing in this space.
Obviously, you have what we're doing here with American Bitcoin from the mining side.
I think you saw all the announcement yesterday
uh truth social tmtg committing 2.5 billion to a bitcoin treasury wow
flex on us sir you know the trifecta of crypto you have what we're doing with world liberty and usd1
uh from a d5 platform uh and so so you're not working with the Trump meme?
Is that what you're saying?
We didn't just talk about the soundbites.
We're actually executing on all of the things
and we're very long-gripped on it.
It's a huge part of everything that we do
right now.
Thank you, Eric. I appreciate that. I knew it.
I knew that's why you tweeted that out yesterday.
Can you ask him if it's time to buy eight?
Yeah. I'll ask him. Any's time to buy eight? Yeah.
I'll ask him.
Any fucking way.
Real quick, real quick, quick room.
Welcome to Web3 Exposed.
We go live every single day right here at 630 Eastern.
This is the best show on the planet.
Don't argue with me.
Argue with your parents.
We are giving away more Solana.
Very, very, very important.
You have to like, comment, repost, tag a friend.
Uh, well, you don't have to tag a friend, but you get bonus points if you do.
And, um, we have a first winner.
I'm about to call out the second winner in just a few minutes.
And I also pinned up, uh, the official telegram that myself and Will are going to be running.
Uh, we've been building it for a little bit, has nothing.
Don't worry.
You haven't missed anything yet, but this is probably one of your last chances to be running. We've been building it for a little bit. Don't worry, you haven't missed anything yet.
But this is probably one of your last chances to get involved.
It's going to be locked away.
I don't give a fuck for anybody on crypto Twitter to have this.
I'm never going to put this shit in my bio.
That's corny.
But you'll get access to it and things like this if you take advantage.
If you don't take advantage in the next 15 hours,
I don't know what the fuck to tell you.
What time I don't have this link? What's going on over here?
It's up there. It's like the fourth pin over. I don't know. You don't pay attention? I don't know.
You should be in there. You should be a motherfucking mod in this motherfucker.
And real quick, we have the legend on stage, Mr. Michael.
Michael, you know, the first thing I said at the beginning of this space was,
I don't ever want to download another fucking wallet again, especially because none of these
shits are safe. MetaMask is the only safe wallet. I know you'd agree with me and you have way
technical reasons as to why that's correct as opposed to my just mush brain reasons. But
thanks for joining us. And I hope you're enjoying the conversation. You can chime in whenever you
want. Loving it. Loving it. I actually got tagged by Dillo like an hour and a half us. And I hope you're enjoying the conversation. You can chime in whenever you want.
Loving it.
Loving it.
I actually got tagged by Dillow like an hour and a half ago.
And I think the title of space was like scammonomics.
And I was like, why the hell am I being tagged in this scammonomics?
But no, I really love the conversation.
I mean, it seems like really big brain talk over here. My question to everybody that is talking about the financials and the dollar and everything is,
do you actually think the price of Bitcoin is what it says it is?
Because I honestly think because of supply limitations and, you know, exchanges constantly running out like that, it's actually like 50% higher.
I think we're at 150K right now. It's just being reflected as 104, 105. But that's just me.
Yeah, Ethereum is also doing a run. I think Ethereum's got like a lot of inflows over the past two weeks.
It's looking crazy.
But yeah, always enjoy the Web3 exposed.
Got the alpha going.
Let's fucking go.
I actually never heard anybody say that.
Michael, are you, are you being, uh, funny or are you, you genuinely thinking?
No, I'm serious.
I think that the price of Bitcoin is being manipulated.
I think it's actually higher than what exchanges are saying it is.
That's my honest opinion.
Thoughts, Will?
Wait, I think Will went off screen for a second.
I think it's possible.
I mean, talking about limitations, they don't even have enough.
Like if BlackRock and MicroStrategy are buying in the amounts that they're buying,
they're waiting for those pools to be filled in order to buy them out from the exchanges.
So retail, if it was actually at the table, they'd be scrambling for Bitcoin.
The price of Bitcoin, I believe, is way higher than it's showing.
I believe it. I mean, I think the same thing could be said for ETH too.
I think that there's, you know, barring a bond market collapse and a complete financial crisis. I think that fundamentally what we've seen in terms of just crypto adoption and, you know, all the headwinds clearing, you know, put us at new all-time highs.
but you know this you've got this macro overcast this kind of this macro bearish condition right
now that just isn't allowing for it and so i think i mean aren't there like a historical
number of sorts out on ethereum right now i'm pretty sure but there's there's there's like a
massive opening because uh stable coins you know the stable coin market is is rapidly growing
and i think that honestly all this meme coin stuff and whatever is just
a bunch of noise stable coins are the real alpha that's what we're going to be seeing
especially in the corporate sector um yeah i'm i'm bullish on stables i think stables actually
perform better um than even meme coins do with their current yield and what you could get out yeah no i totally agree with you all right i got i got no uh no deniers up here it looks like i
won the conversation profits we good i'm gonna be honest i completely all i heard was we all want
that to be true i've heard a lot around the conversation of stable coins are the alpha
how do people
benefit from stablecoins outside of corporate
America?
When you see
a trillion fucking
stablecoins getting printed, that means it's going
somewhere.
It democratizes
access to dollars.
We take it for granted.
Most of it are probably in the States or somewhere in the West.
But people in different parts of the world, it's hard for them to get dollars or to store them securely.
And this allows them to do that.
So you do know that most people hold their wealth outside of the United States with a dollar, right?
Will?
What's that?
You know a lot of people hold their wealth with the dollar
outside the United States.
Yeah.
Because their currencies are even more
deflationary than
especially like in Europe and
other things.
All right.
One of the things that people don't know
is that the euro is actually
like pretty much one of the main currencies in the world because they're in the middle of everything
of what's going on too so like it's actually very complicated what like what's happening and
everything especially when we're talking about the bonds.
Because it just,
it gets really,
really fucking nuts with all this shit.
But let's put it this way.
I think the entire world is something like two or $300 trillion in debt.
So nobody's paying anybody back anytime soon.
So let's go.
No, I mean,
the world runs on debt.
You know, debt is the currency.
The currency is the debt, you know.
And so they want inflation.
They want debt.
They want all these things.
It's just what you have to realize.
And that's why Bitcoin is, I think, the trade of our generation, because this allows us to escape the debasement that that brings.
You know, whether we like it or not, we live in a world where
our fiat currencies are debasing constantly and they're losing purchasing power. And Bitcoin and
things like gold are at the very least some kind of asset. You've got to be an asset. I'm not going
to tell you which one, but I can tell you for sure you cannot be in fiat. Yeah. I mean, there's a lot of asset classes that you can benefit from buying to a degree, I think. But, you know, overall, like at the end of the day, it really doesn't matter to me. I buy the market as it is. And a lot of the time, you know, I welcome bear markets with open arms. Natural resets are always good for me as far as positioning.
Do you think we'll have do you think we'll have a bear market before we get a raging blow off top? Natural resets are always good for me as far as positioning.
Do you think we'll have a bear market before we get a raging blow off top?
I really think we're going to get a blow off top in Q4.
I just think that the beginning of this year is kind of just crap,
to be honest with you.
And I think at the end of the year, we're going to get a blow off top, and then we'll go into, I think, again, and I'm specifically quoted,
this is why I've quoted the balance sheet so many times,
I do think that the balance sheet keeps the Fed from doing what they want to do
as far as cutting.
They know they want to cut, but I think they're over leveraged on bonds
and we get a natural reset going into 2026
and I'll be there to bid when it happens.
So you don't think any cuts from the fed coming
no i i think they'll cut initially into q4 um if i i don't know if it'll be a panic cut
or a regular cut we'll see how much what about what about qt because you know for me you know
my my thesis around all season is really more focused on the end of QT and really not so much about interest rates.
I mean, interest rates are important, but I don't think they're really actually necessary.
Well, interest rates have to come down for spending to go up.
It's a natural process.
People are not going to go and buy a new car when interest rates are going to put them in the 13 to 17
percentile for a lot of people because they're not sitting at a 700 or 800 credit score.
And people can't buy a house because it's obviously way over leveraged as far as interest
rates do it. You got to have some play here. I always look at it like the midway through the
interest rates. You're at a good point to start looking at things so like midway up so if the achievable rate is five percent then 2.5 is where you start to see
the market flip which is exactly what we saw 2022 going into 2024 or sorry 2023 and then i think
coming back down where you'll see the optimal flip will probably be 2.5 again interest rates
is where you'll start to see the market float bullets again. What's the current
mortgage rates?
I think they're floating around 7, 9,
something like that.
7? Dude, so, I mean, this is the thing
that really I can't wrap my head around.
If you were to go back 10 years
and you were to see like a $400,000
house, that same $400,000
house today
is probably a million dollars.
And if you're taking out a mortgage,
30-year mortgage on a million dollar house,
over time you're paying $3 million.
You just paid $3 million for a $400,000 house.
How is this even sustainable to the point
where even if you do keep on increasing,
you keep on leveraging all these different economics and bonds and the stock market.
It's all fake.
It's all nonsense.
It is.
So even at 3% or 4%, it's still like – so in that end too, like houses and all that stuff, prices need to come down because nobody can afford it.
Even if rates do go down,
nobody can really afford it.
One of two things
have to happen. People's pay
has to go up significantly,
middle class specifically.
And that's not happening.
And that's not happening. Or prices
have to come down. And people keep on
saying that they don't know, they don't know, they don't know.
Yes, they absolutely don't.
And that's, again, just leading more into why i'm kind of very because i think we're going to get a natural reset and a lot of people just aren't seeing it
they're not seeing it they're not seeing the writing on the wall you you cannot run a market
with a leverage of every house in the u.s is 1 $1 million plus or $700K plus. A full household on average is pushing maybe $120K to $160K here.
And that's like middle class, right?
Your average poor household, which is like 90% of them,
are pushing probably in the $80K to $100K for the total household to adults.
So you're not going to get people to buy a 700K to a million dollar house, let
loan approval rates are going to be very difficult for a lot of people in those ranges. So again,
I don't really see it personally. I know a lot of housing guys will say, oh yeah, it's
possible. You can finagle this or that. And it's going to be like, yeah, you can put anybody
into a house, but it doesn't mean that it's going to be affordable for them long term.
a house but it doesn't mean that it's going to be affordable for them long term
dude i'm in my mid-30s and uh you know luckily for me i i have no desire to buy a house i think
freedom's an asset truthfully but a lot of my friends you know kids wife whatever aspiring
they're all fucking you know none of them can afford houses i got my one buddy in california
jesus christ he's absolutely cooked never in in a million years California, I think most people
Out there have zero chance of getting into a house
Like literally that close to zero
And that's separate, all those numbers
Are also separate from
Property tax, which
I mean, you know, some states are trying to eliminate
No, well
California property tax, like
You might as well just add your mortgage
up for the whole year and you're gonna pay that in taxes it's absolutely insane
i moved from california to uh to nevada just in case people say you've never been to california
you don't know nothing i know plenty i was know plenty. I was paying as much in state taxes as paying in federal.
It was absolutely wild.
Do you know how many people didn't take into consideration when they bought their houses, their tax assessments from houses?
Like some of these people that they bought their houses from probably bought their houses.
Taxes go up.
Yeah, exactly.
But they bought their houses. Like let's say they sold the house for a million dollars. They might have bought the house for from probably both. Price is go up. Taxes go up. Yeah, exactly. But they bought their houses.
Like, let's say they sold the house for a million dollars.
They might have bought the house for 300K.
And they're paying taxes on a $300,000 house.
Now, all of a sudden, you bought it for a mil.
And you're paying three times the taxes after the assessment.
Here's the thing, though.
If they don't sell and they get to praise that a million.
Like at the house, you're still paying.
Like, it doesn't matter if you bought it at 300K,
you get based on your appraisal on taxes.
So if your house appraises for a million,
even if you bought it for 300K,
you're going to pay a million dollars.
Not a million dollars,
but you're going to pay taxes on a million dollars
for property taxes.
Okay, but usually they sell
before they can get assessed for that.
And then the next person pays it.
That's what happened to a lot of people.
I think the city in California
does the assessment themselves.
So I'm not sure
specifically in California.
But I remember something along the lines
that they go through and they check properties
based on your neighborhood
and they'll charge you taxes based on your neighborhood price.
I don't think they do it every year.
I know what you're talking about because it happened to my mother.
But I hear about it every five years.
But yeah, I agree with you, Michael.
I think prices absolutely have to come down.
I just don you, Michael. I think, I think prices absolutely have to come down. I just, I don't see it. And that's why I'm, I'm micro bullish right now, even maybe even midterm
bullish, but some kind of collapse or some kind of upbringing has to happen because basically
assets that you need just to live are drifting further and further away from people. And the
further they drift away,
the less you'll see from people want to be incentivized to want to be a part of the
society, right? You'll start to see people pull away from wanting to work. You'll start to see
people pull away from wanting to live. There's a lot of things that it affects people's mental
in a big way to not be able to afford things to actually live. And, you know, that's why prices
always balance out because it gets to a point where society is going to be so over leveraged
that people are going to get pissed and react to this and something's going to have to be done.
Yeah. I mean, you're getting to a point where, you know, a single family home sometimes has two three families like living in it
just to scrape by i mean this is not um it's not normal is that by the way too which is ridiculous
i mean why why would you buy a home with somebody else just get an apartment if that's the case
and in which case even apartments are becoming absurd you're going to go i feel like with comparative especially in california and new
york apartments and whatever you're paying on a rent or a lease would actually be less over a 30
year time frame than if you were to own it and pay taxes on it sure you could sell it but the tax difference you already
dipped into your bottom line this is not a it's not a logical investment like that's why when i see like real estate companies and like real estate is king you can get a good it's like it's
like you're lying to my face like you're literally lying to my face because yeah my 20 years ago literally 20 years ago it actually was
no 20 years ago for sure there was yeah there was a ridiculous yeah but so let me just tell
you something because like bro i remember this clearly there was in the 90s there was like a
two-year period where shit in new york like new york alone doubled in price and then in the 2000s it happened again like when you've got
two doubles one decade after another everybody is just spoiled on that one all right and a lot
of people made a lot of money in like those two doubles like because things were already going up
slowly throughout uh from the 20s to the 90s.
But the 90s, I don't know what the fuck happened.
Like, let's put it this way.
And the old man was right because I lived next door from a dude that was like 89.
Sorry, 99, I think.
Like, he was pretty much close to 100.
He had to sell his house.
And he lived across the street.
And if he literally waited a year year he would have gotten pretty much
double the money all right so like there was these really weird booms and i don't know if it
happened in california but i'm telling you specifically in new york because here's the
other one like there were a lot of cheap apartment i wish i would have bought in 2003 2004 there were
apartments in long island city going up they couldn't sell them for shit and they were selling them for like 120 130 grand you know how
much they're going for now they're going for like well i can't hear you nobody can hear you
but they're going for like one or two mil some of them three did you say three mil? Yeah, he did. That's insane.
Do you guys remember when people told you
never buy a condo? Condos are bad investments.
Yeah. Now the only thing people can afford
are condos.
So they're paying outrageous prices
for those too.
Man, my parents were
recently looking for a spot and they literally
went to, they saw
a condo, the real estate agent took them to a condo right by the beach and it was not brand new
It was like a two-story
uh four different types of flooring, you know the the usual
uh slumlord paint over and it was
For 1.3 and I was like, who in there right would pay 1.3 million
And I was like, who in their right would pay $1.3 million?
Sold like within that week.
So I just don't get who's buying these things.
Well, Mike, let me tell you a quick one now.
The neighborhood that I'm talking about in Long Island City, I got my driver's license in 2000, 2001.
Me and my friends, I was like 17 like 17 18 doesn't make any sense to
drive around hold on we used to drive around over there and throw pennies at the hookers
and drive away that was like a friday night thing for us we used to go smoke weed on roosevelt isle
we don't have to admit all the things we used to do
you have to do that. Nico.
I'm just giving you a second to see if you wanted to continue the story.
You want to continue.
Go ahead.
All right.
So we used to go smoke weed on Roosevelt Island and then come back over and fucking just drive around and act like retards.
What do you want me to tell you?
I was 17, 18.
Look, we are actually doing it from like 16 years old back in the day it was different bro smoking and driving around today will cost you
270 dollars you step out of your house of course you were doing that back in the day bro probably
cost absolutely nothing gas was like 50 cents dude it's impossible to do anything you step
out of your house you're spending minimum $100 yeah five
dollars five dollars in gas used to get me very far seriously I used to so we
used to also drive around I don't know if you're familiar with Queens but we
used to drive around this place called Franny Francis Louis Boulevard we would
drive around and we had our spots or used to pick up girls and stuff and it
was like a lot of people that's how we met like it wasn't no internet and
Twitter and all that we still literally drive around i would i picked a spot be outside of the foot doctor place because everybody
used to get caught at that light you know so that was the best place to just pull over hang out and
just call out of the girls you know so me and my friends whenever we talk to each other we'd be
like going to the foot doctor tonight yep going to the foot doctor tonight? Yep, we're going to the foot doctor. Nobody understood what the fuck we were talking about.
Yeah, you hear that, prophets?
We're going to the foot doctor tonight.
The signal that I think a lot of people should be looking for if they're looking for a collapse,
and I think this will be the signal, is when you start to see the gig economy collapse, right?
And the gig economy being DoorDash, Uber, Lyft.
How does that look when it collapses like
a whole bunch of autonomous drivers and robots delivering the food right and doing the drive
no i i don't think that that's going to be the collapse of it i just think like the economy has
been so overstimulated that it's been able to support a mid-market kind of play right somebody
who's middlemanning you going to Taco Bell two miles down the road,
right? Somebody who's middlemanning your grocery deliveries. I think once you start to see that
middleman get taken out and you start to see those gig economy plays start to go away,
aka those companies go under, you'll start to really see a substantial collapse in a lot of
areas because that just means that monetarily people don't
have the funds to pay for the middleman and i think that a lot of people have had the funds
to pay for the middleman because of what happened in 2021 the stimulus that happened um and i think
slowly but surely that is getting soaked up and sucked out by the rich um through crypto and
through the stock market and so on and so forth.
And I think that in time, once people become poor enough, that middleman is going to collapse.
And when that collapse happens, the gig economy sees a real bear market.
Expect the regular market to see a big bear market if that happens.
So the gig economy, actually, it's oversaturated with people in the gig economy, which is really bad right now.
Apparently, from what my understanding is, you have to, instead of just logging into the app, you have to pretty much reserve hours on Uber and all these apps.
So, yeah, whatever.
When I did Uber for a little while, they wanted us working on a fucking day.
They would have taken us 24 hours if it could but now apparently this is way too much of everything
drivers and well it's it's because it is getting oversaturated and i think the more oversaturated
it gets that's more the red flag that those those do you remember do you remember the
administration was talking about all these jobs they created most of them are fucking gig economy jobs like
are you serious and they were lying about those numbers too the the layoffs that i think a lot
of people are looking for the fed specifically is looking forward to kind of see that slow down in
the economy is likely to come from the gig economy and who are most people working on the gig economy
a lot of them are the poorer class. And so I think like
what it's going to do is it's going to force a lot of poorer people to end up homeless and a lot of
non-poor people, middle-class on and so forth to end up poorer. And then eventually you'll get that
kind of bottom falls out from everything and you'll see prices drop dramatically in that aspect.
I think you need to see that gig economy collapse though first and that's where you're going to see
the job losses at you're going to see job losses on the gig economy that's what's supporting the
economy right now the gig economy goes or gets dropped then you'll see the economy kind of fall
through with it so what eventually you're like 99 of of people are just going to be Uber drivers so they can make money?
No, no. So what I'm saying is, is that 99% of people who are Uber drivers are going to end up without a job.
And then at that point, you've had enough job losses to the point to where the economy is probably taking a substantial hit with that.
A lot of people also depend on Uber now
Spending will go down
It's not like a side thing
But before Uber
What was there? There was taxis
Right? Yeah
And so people that didn't have a car used taxis
All Uber and Lyft did
Was come in and middleman the economy
Essentially
They're unnecessary
We'll say middleman type plays economy essentially those they're unnecessary we'll say
middle middleman type plays aka gig economies and i think again once you see people start to lose
enough money to the point to where they can barely afford to live they will stop using those services
they'll find ways around them they'll use the bus services they'll use other ways and means to get
to work they'll ride their bike or whatever if they can do that, if it's close enough.
And they'll avoid those overly expensive services, Uber Eats, DoorDash, and stuff like that.
Those would be, in my opinion, the first ones to go.
And then you'll see things like Uber and Lyft and everything else follow behind that.
And once you see those kind of really do massive layoffs, aka not really hiring anybody, then you'll see the economy really take a substantial hit
at that point.
Dude, I've heard of people Uber eating
fucking Starbucks. Are you serious here?
Like, you gotta be fucking out of here.
20 bucks for a coffee, bro.
Yo, you can't get any more
lazier. Like, for Christ's sake.
Holy shit.
Uber eating a starbucks
coffee think about how many resources it takes for that to go down like the amount of gas
trans plastic just for coffee like it's it's wasteful it's disgusting
space is disgusting
people do it man
I mean again like if
you're able to pay double the amount
for your food through Uber Eats
and so on I'd love to see their back end
metrics and because I'm sure
that they've lost sales massively
on things like DoorDash
and Uber Eats
and to be able to see that would really
give me a good edge on the market
and tell me kind of where we're at.
I specifically don't know them because I don't use them,
do Uber Eats or any of them,
because I have friends that own restaurants.
They take way too much money.
It's not really worth it.
The only app that I use is Slice
because apparently they don't take anywhere near that.
So that one cool but like
uber eats or doordash or any of that i never use them i i don't even understand why people use them
but then again like i guess things are different everywhere else i don't know but over here i
always had the number in chinese place that long and even even the chinese place move like they
closed down they moved i still know like they have the same phone number like all that shit. So like
I heard that uber eats takes 30% off the top if you're a restaurant they're taking 30%
Which at the end of the day if if they're taking 30% just for managing the actual service of the application, then you also got to tip the driver.
And they're raising the price of their food in order to cover it.
I think that they're just using Uber Eats as a form of advertisement to make sure that people know they exist at least.
But a lot of them end up biting into their own profit margins and destroy themselves by the time they can turn a profit.
A lot of them end up biting into their own profit margins and destroy themselves by the time they could turn a profit.
Yeah, it's going to be the businesses that get hit a lot by it.
But what you want to see is you want to see the consumer struggling to use those services, right?
When you start to see the consumer struggling to use those services, then I think you're at a good point in the market where you're probably going to see a bottom fallout.
They're doing fine, though, right?
I don't think... I haven't really heard
anything about them. I mean, you just said they
used to let you drive all day, every day if you wanted to.
Well, no, no.
Yeah, alright.
That's different, though. That just means that
there's more people driving. Broke people aren't going to stop being
lazy. Somebody just said that. That's not though. Broke people aren't going to stop being lazy. Somebody just said that.
That's not a bad point.
It is a bad point.
If you can't afford to pay your rent
and it comes down to you paying rent and making food at home
or you buying Uber Eats and end up homeless the next month,
I think people are going to choose
to buy food at home.
They're going to scam harder.
Broke people also aren't getting any younger
So sooner or later they're gonna have to
Stop
Yeah
People love to act like money
Is infinite for everybody
It's simply not
And I can tell you
People will get stretched to a certain point
With their pocketbooks to where they will stop using the services.
100% they will.
I mean, people cut out TV shows, channels, all kinds of stuff all the time to save money.
Why would they not stop using Uber Eats and other services that are basically just middlemanning you?
I mean, it would cost you $2 in gas to drive, and you're going to pay $20, $30 more for the meal.
People definitely think about that.
Did you not hear what's going on with these
get by now, pay later?
Oh, yeah.
That's what's just going on.
They're getting obliterated.
Not only are they getting obliterated,
but they also, at the same time that they're
getting obliterated, they also added that
you can get your McDonald's.
I was about to say, why are we giving this shit to like random shit like your fucking 700 xbox like i don't know
there's some shit that you shouldn't put on fucking layaway i don't so yeah but it's because
the economy's on my support man that's why they're getting obliterated nobody's paying them and
they're even they're also adding fucking m adding fucking McDonald's on top of that.
Like, what's wrong with them?
Like, I don't know.
At some point, I don't know where who's really, like, stupid.
Is the one that's fucking losing all the money?
Yeah, like, or is it the one that's actually using these fucking services at this point?
You know?
I'm trying to figure it out here. Yeah, but nico you got to keep in mind too people that use those services will
likely not pay them back but i also know like like and i don't use this for crazy ass you know
like i i don't i don't have it like rotating the entire year i just sometimes i don't have cash cash or nothing at the moment and it's like all right whatever and i don't have it rotating the entire year. Sometimes I don't have cash
or fucking nothing at the moment, and it's like,
alright, whatever, and I don't want to sell crypto.
I'm like, alright, I'll give money next week, and I'll just pay it off.
You know what I mean? I do it that way,
but I actually just pay it off. I don't even
fucking do the four payment shit.
But you know what it is, right?
Oh, yeah, I know. It's payday loans,
2.0. Yeah,
kinda. Yeah.
Yeah, maybe. I think they have those too that's the thing that's why i'm saying those also exist on top of that people would take like
there's apps for that too like i've never used one of those i never will because that's interest
based like they end up taking way too much money from you. You know?
It's just... It's a fucking trap.
That's what it is.
Yeah, the payday loans are traps.
But those exist.
There's a couple of apps that are doing that, too.
They're the size of Klarna and whatever.
People are double-dipping this shit.
They'll sit there and they'll do the payday shit,
like what Will is saying,
and then to top it off,
they'll go and buy something on Klarna.
Like, bro, you're already losing 30 of your pay cut and now you're
going to go and do a four payment like what's going on over here bro um real quick the telegram
chat is pinned up to the top don't miss your opportunities pinned at the bottom of the space
as well as if you just look up to the top, 3930. Happy Wednesday. We'll be back tomorrow with
another banger. Well, I think it's safe to say we are going to head into some red zone,
and I'm going to be shorting. That's not a signal. Don't do that. Don't do what I do. I'm just going to say it right now at 9.23 p.m. Wednesday, June 4th.
And hopefully I print so I look like a gigatrader.
So when are you going to follow James?
That's a name, James Winstrand.
I'm not an idiot.
When are you going to follow?
I'm not an idiot.
But, yeah, no, thank you guys for pulling up today.
It was made good.
It was made good. it um but yeah no thank you guys for for pulling up today five and uh best clips of this space get
some prizes for me i'm paying for clippers and shit like that if i can get fast turnarounds and
nice clips i'm paying out so definitely uh you know what what spaces video clips whatever um but yeah will any advice any party words yeah i just i'd urge people to be patient man just you know i really think we got to q4 it's
a patient scenario here um you know frankie wouldn't agree with that i i think like right now
you you have time don't panic don't chase people's shit
on the timeline buy what you think is good hold on to it and just wait for that q4 i really think
we're gonna get the bluff around that time by number on the day maybe next year ends up being
profitable and i'm wrong on the q4 right but at the end of the day i think like now is the time
to kind of dial in sit back, and not try and chase shit.
It is not that place to chase stuff right now.
When you get into PvE mode, chase.
But right now, we're still in PvP.
So, chop city.
Also, be careful about leverage.
Definitely don't be leverage on the tops and the bottoms,
aka support and resistance.
Yep.
Yep, yep, yep.
If you're a collector of any sort
and you don't have a BZ account,
make sure you create an account
and go check out what's going on over there.
I think it's pretty dope.
All the new stuff,
shipping week after week.
The product team founders
just continue to ship.
I think it's pretty impressive.
Seeing as where we are, current market, there's vibes there.
There's fun there.
But, yeah, I pinned it to the bottom if you haven't created an account yet.
But thank you guys again.
I hope everybody has a good evening.
And we'll see you tomorrow.
Peace.
Peace out. you
