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WEb3 Exposed 🧼🎙️🔋:@ToshiBet
Recorded: Aug. 4, 2025 Duration: 1:49:51Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the current market trends, emphasizing the potential for growth as Bitcoin surpasses $100K. Participants highlighted the importance of community engagement through initiatives like $100 giveaways, while also addressing the risks of mismanagement in the crypto space. The conversation underscored the cyclical nature of the market, with optimism for future opportunities despite ongoing challenges.
Full Transcription
Thank you. Big Glock, Big Guap, Big Knots, Big Goons, Small Problems, Big Moves, All this drip, I can fuck around and wash em up Hell, cast out like Mufasa when I started up
That's a wild body bitch, it's hard to punk it up
Bless em like a baby like, fuck it up
How many check your chain and I'm spunkin' up?
Ayy, how many check your chain and I'm spunkin' up?
Ayy, what you doin'?
Fuck this nigga doin', bro My nigga got curious to callin' you a song, man.
This nigga really tryna start.
My nigga, you a lil nigga, you heard?
You a lil' homie.
Get some money back.
Double cup of Hennessy, we callin' money at.
So woof!
Where all of my buddies at?
I took her to the crib and I had fun with that.
Now come and get your mother back, I'm done with that.
Yo, I just caught the pocket rocket.
For all you niggas potty watching.
Why you rolling tic-tac-tac-ing?
I fuck her during tax season, perfect timing.
I backed your bitches fashion over, no design.
Men, I like them tatted bitches, Hakalani.
I woke up in that pussy, her new name Bugatti.
Bitch, I got that drip, my new name Tsunami
Oh, that's a big drip, big wrist, big body, big whims, big glocks, big guap, big knots, big goons, small problems, big moves
yeah i'm young and made but you call me probably
yo monday motherfuckers let's go wake the fuck up it's fucking time it is time
It is time! Oh, look, I got it. Oh, yeah. Niggas get sacked, tryna go to the court Cause I stoppin' it I'm reppin' it Woooo!
Hey, no, it's no head, baby
I ain't tryna get affectionate, nah
I be with niggas I know gon' ride more deafness
Uh, I make a mistake, correctin' it
Bobby, perfectionist
When I feel like this is game time
I got a game plan
Niggas a game with that, dudes affect the same hands
I've been in the grimey, the places to bury this niggas don't fade, man I'm well-intuned with the mayhem gonna be back, I'm not gonna be back, I'm not gonna be back, I'm not gonna be back, I'm not gonna be back,
I'm not gonna be back, I'm not gonna be back,
I'm not gonna be back, I'm not gonna be back,
I'm not gonna be back, I'm not gonna be back,
I'm not gonna be back, I'm not gonna be back,
I'm not gonna be back, I'm not gonna be back,
I'm not gonna be back, I'm not gonna be back,
I'm not gonna be back, I'm not gonna be back,
I'm not gonna be back, I'm not gonna be back,
I'm not gonna be back, I'm not gonna be back,
I'm not gonna be back, I'm not gonna be back, I'm not gonna be back, I'm not gonna be back, Yeah, you been through the beside. Let's go here, baby. I ain't trying to get infection, no. I be with the niggas I know gon' buy more flat-knit.
I make a mistake, correctin' it.
Hey, man.
Infectionists, I'm on the bus.
Hey, man.
I'm never takin' a lot.
I got that flat across.
I'm in that horse proportion, of course.
I'm off to Hennessy.
Please don't fuck with my energy.
I pray I don't see your enemies.
Oot-a, serenity.
Countin' this money forever, infinity, 100
toppers with a hundred like centipede, designer only, fly shit only, Kennedy, they know who
I hear my identity, see I'm, bough, hickory.
I'm doing what you're talking, you look a boss, this is my city, you look a sick,
give me a sister, fuck, love, I ain't, fuck, love, I need that money in the door, I go, I do the, I'm toast, nigga get fat, trying to go to court, I'm not stepping in, I'm repping it, uh, head nods, no hand face, I ain't trying to get effective now, I be with the niggas, I don't gonna buy more, that's me, uh, I make a mistake, correct in it, body, perfectionist, hey.
Yo, some of these founders out here are stubborn motherfuckers.
You guys are willing to just crash and burn.
Crash and burn because you're stubborn. I'm not talking to you. You don't want to talk. Come on. Doing shit for attention won't get my attention.
Instead of hitting me up, we do shit with intentions.
I thought we-
Yo, today Will has a song request.
Funny, very, very funny.
It looks like Will's in a good mood today.
I wonder if he got liquidated like every other KOL
on this app.
Probably not.
Makers.
Good job, Turbock.
Good job.
This is a will request. This is a Will request.
Get that chart ready, Will.
We're about to go live.
We live on kick tonight.
Let's go.
Pull up to kick.
If you want to qualify for this $100 giveaway,
you must be following me and Will on kick.
Let's go. If you want to qualify for this $100 giveaway, you must be following me and Will on Kick.
Let's go. I'm in it, I'm good, pumping and burning just like a perk, I'm in my mouth Niggas just pinch my turf, I got in the dirt without no doubt
I know, I keep coming and going, we 7-0-1 of this, I'ma we wildin' wildin'
I can't even call it freestyle, I don't wanna design unless I ain't free
Style ain't trouble, I go like a child, I don't go back, this order, just pick up the cream
Land in the A to the office, I got a new offer that I gotta read
I gotta run the same, I'll tip the top off, I'm one of the new rappers, they gotta be treated
Sit back, then I'll let someone, I'm coming in hot, 400 degrees I gotta read I'm a kid. Oh, stop. I'm trying to triple the top.
What these things are so important.
I'm going to go to the house.
I'm going to go to the house.
I'm going to go to the house.
I'm going to go to the house. I'm going to go to the house. I I'm feeling the pain in my vein, but the prince feeling it in the crowd. Money is hard to keep count. I gotta watch that count.
Gotta say that's you. Come up, you build it all different.
You start it without.
Now that you look a little different, you live a little different.
Your house and I'm out.
I start kicking my feet.
Oh, heaven, my feet up on top of that mound.
Peace out, peepin' the beat.
I'm serving this piece with...
Happy fucking Monday.
Let's go. Lock in.
Lock in. Lock the fuck in. We're outside. Monday let's go
you guys you gotta go Welcome to the show! Welcome to the show.
Welcome to the show.
Um, before I crash out, I need everybody to go to their cell phone right now and click the purple pill below.
Like, comment, repost, tag a friend.
You want to get better at this shit, you go to Kik and you follow us on Kik
and you now qualify for 100 smackeroonies.
Let's go, baby.
Who doesn't want 100 smackeroonies?
Anyway, 7.39 p.m. Eastern, Web3 Exposed is officially live.
This is the best show on the internet.
Don't argue with me.
Argue with your parents.
It's very, very very uh proven over time
try to throw your favorite kols favorite influencers favorite kol literally listens
to me and studies me like like their own fucking children they literally study me if if it have to
come in anonymously watch watch anonymously, watch
posts. They're studying, baby. They're fucking studying. That should tell you everything you
need to know. We have so many, so many things to jump into today. Really excited to hear about the
market. I'm actually really hyped because I know we're going to go a little lower before we go higher. And, you know, I feel like there's been, there's been, first of all, Bitcoin's over 100K.
So that should just be a super indicator for you, some shape or form.
But besides that, I think this is the best time to be working in crypto.
I think this is the best time to be working in crypto.
I think this is the best time to be building a brand in this vicinity, in any capacity.
This is the best, best, best fucking time.
When was the best time before this?
Last week.
And before that?
The week before.
But no, in all seriousness, I fucking love the summer.
I made a post about this the other day.
So many of you are letting this summer bug get the best of you.
You know you're good at what you do.
You know you're a great creator.
You know you're a great marketer.
But you're letting shit hold you back.
You're letting money get the best of you.
If you are not struggling, meaning you have a roof over your head, you have food and you're putting in your mouth. You're paying your bills at the bare minimum.
You are not fucking struggling.
You're okay.
That should motivate you enough to fucking create.
Now, if those three basics are not handled, I need you to log the fuck out of Twitter and go get a J-O-B.
That's what I need you to do.
No, for real, though.
Like, there's no possible way you're operating at the proper
mentality. If you're, if you're in survival mode, I don't know why I have to talk about this so much,
but it's just, it's the fucking, it's the truth. The number one consistent thing in the internet
in life has always been, you can tell when somebody is, is desperate for money, whether
they scam you and it's obvious, whatever the fuck it is, because they're not operating out of their right mind.
In this industry, it's even worse because it attracts the worst kind of human.
Somebody will run up a coin.
They'll do a bundle.
They'll fucking scam their community more than one, two, three times, and they're like, damn, I just got 50K for nothing.
I want to do it again. I'm going to blow it just got 50K for nothing. I want to do it again.
I'm going to blow it all on drugs and fucking gambling. I want to do it again. It's literally
a fucking recipe for disaster. And I don't care how much money you've made or touched or anything.
If you don't know how to manage it, no matter what deal you close, no matter what, you're always going to go back to zero.
You're always going to start over.
You're always going to find yourself starting over.
People get mad.
They see the dumbest people on the internet making money.
Hey,
some people don't give a fuck for materialistic things.
And they're just,
they're just here.
And that means that they are probably keep the money
they make longer than you will because you are caught up on materialistic things i i can't when
a founder tells me they're stressed or they don't know if they're gonna if their project's gonna go
well but then in you know two weeks later i'm seeing them post like traveling and fucking Balenciaga this and off-white that.
And I'm like, huh?
What the fuck?
I don't want to hear shit about fuck.
Take that shit back to the fucking store and lock the fuck in.
Holy shit.
And then you guys give money to these people,
and then you get mad when you do.
It's preposterous if you fucking ask me.
Welcome to the show.
Welcome to the show.
Welcome to the show. This segment the show. Welcome to the show.
This segment is sponsored by Toshi Bet. If you're a gambler, make sure you use my keyword, my promo code, profits, plural.
If you're not a gambler, but you want to test it out, try it out, go fuck around and find out.
I believe there's a 200% deposit bonus right now. When you go deposit, make sure you use my link. If you guys want some bonus points, post below that you
signed up with my link and I got a gift for you in your DMs. You just got to post it below so I
know who it is. But I'm going to kill my yapping out. I have a lot of announcements I want to
come up, go ahead and share. I was supposed to share some last week, but I didn't, but
sorry. It's a new week. I'm going to do it this week. I'm going to do it today. I'm going to do it today. But Will,
thank you for being here. Happy Monday, Will. Hope you had a good weekend. Don't go too hard
on Will today. He went hard on legs yesterday. It looks like he's in a lot of pain right now.
So make sure you guys don't go too hard on him. But without further ado, my guy, William,
please take it away. And also, if you
guys didn't know, we're live on Kik. So if you want to go ahead and view these charts and jump
into what he's talking about at a higher level, log into Kik. You actually don't even need to
log in. You could just fucking watch it. However, make sure you're on the Kik so you could check
that out. Any questions, any tickers, any coins you want us to go into please post them
we got you we'll jump into them will what's up happy Monday talk to us what's
going on
make sure you unmute on spaces
Oh, okay. Yeah, it was rugged. It's rugged for you, huh? Okay, William.
All right, we're going to go back in and try this again.
All right, can I make the humor?
Yes, I can hear you. Go ahead.
It's never getting fixed.
This is last, you know, quality of the platform is last priority.
We should all know that by now.
Yeah.
I'm co-host and it says I can't unmute and I'm muted.
Makes lots of sense.
Yeah.
So, I mean, as far as markets go, we're pretty much cooked.
Pack it up. I can go home
Take out what you have left
maybe buy yourself some
Some liquor down at the corner store and
Not right now, William. Not right now brother guys uh not right now william not right now brother no joking right now
bitcoin went up went up to 115 out there so that it moved but uh no i i i think i think a lot of
people have it wrong basically on the chart patterns like i've seen a lot of people different
different people look at it different ways and i took a pretty pretty decent deep dive this weekend
and looked at it and i was just like man i was like it's it's a rising wedge it's a rising wedge for sure
and those are typically bearish uh on the high time frame but the the point being is that your
rsi and everything else doesn't match the rising wedge so the rising wedge to me looks like it's
going to be basically a breakout before a breakdown um and some of you may or may not know what those chart patterns typically look like.
Oh, this is going to be everybody when it breaks out, you know, all the bearish people.
But if you look at your monthly, right, and then you look at something like your weekly,
your weekly. A lot of people are focusing too heavily on the weekly and not enough on the
a lot of people are focusing too heavily on the weekly and not enough on the monthly.
monthly. I would also say too, in that same aspect, and don't get me wrong, the weekly was
kind of the signifying point for me at the bottom where I was kind of looking at the, you know,
kind of the weekly as finding that bulldip on the weekly was really kind of the key to catching the
low on Bitcoin. Whereas a lot of people were still capitulated
and saying that was going to be a reversal and yada yada.
You know, I kind of jumped on that
and started picking up stuff quick.
I mean, shit, I almost got a 20X on Jasmine,
which is wild.
The, basically the market as a whole,
you can see right here, like this is,
we're still like in this grind mode in a sense, right?
Just kind of pushing up to a high.
There's really been no shift
away on the market that people typically see with the you know bigger markets that are going to
basically go into a bear market when a market's typically going to go into a bear market it's
going to move in a parabolic type move so it's going to shift away and then pull back and as
you've seen every single cycle right so you had the same thing right through here just a little
bit different but you had the same you could see the lows were basically essentially the same right so if we take
these right here you run those through there and we look at the lows the lows are basically the
same through here you just had a little bit of a run up before you ended up getting your real run up
and this kind of created a roller coaster effect effect. You almost essentially got like a half a bull run and a full bull run over here.
And then you got another like little peak over here if you were able to sell and buy and sell again.
But these are like your identifiers for like parabolic moves where you should be looking for bear markets.
You should be looking for bear markets when you shift away from your trend.
You should not be looking for bear markets until you shift away from your trend.
And we haven't shifted away from trend at all.
We've just been kind of playing against the trend
the whole time, just as previous markets did.
And we've had no shift away from trend.
Not only have we not had a shift away,
we have a couple of interesting things here with volume too.
Basically where volume is ramped up and then dropped, right?
So volume starts to drop on the bear side and then it ramps up again at the lows so you'll see a lot of ramping into the high
then volume drop after you hit the high and then you'll see ramp it again into the low and then
volume drop after you hit the low and and essentially all we see here on volume here is
we only see downside since the low was set.
So volume has actually been gradually dropping as we've been rising.
And that's typical with a market that's getting ready to go parabolic and hasn't gotten parabolic yet.
So without that parabolic move, I can't really see a scenario where we hit a bear market and don't get liquidity drive, right?
You have to get a market that's not complacent, but a market that's overly exuberant.
So something that everybody's trying to dive in,
everybody's panicking to get into.
And we haven't had a panic market the whole time.
We just basically had people like riding the waves
on just garbage for a while.
And then from there, they're either losing a lot of money
or they're winning money, right?
It's like, you're just basically going to the casino.
You're not really doing anything in these markets at the moment.
And that's why I said, like, people have to wait for these swings.
I mean, when you dial out on the monthly, like, this looks very similar to this 2017 style grind up until we get a parabolic move.
And we're just very much, you know, in the same scenario of this grind up.
And we haven't really got the parabolic move up here.
Again, just another grind up over here you know same thing over here between uh 19 and and 2020 where we had to grind up and then a run over here so for me overall like i'm just
looking for that bigger move here i'm looking for fall spike we're actually in vault drop and when
you're in ball drop in the grind up it's it's pretty much indicative of you got to
get a move of all spike to be able to push that back up you can see right here basically where
you started to move up away you started to see the market start to curve up with volume right
volume picked up with the market and in these same scenarios when the market starts moving
parabolic like this and you get a shift away you'll typically see a lot of the time with the market. And in these same scenarios, when the market starts moving parabolic like this and you get a shift away, you'll typically see a lot of the time with the shift away,
you'll see everything kind of move together, right? They'll all move in tandem. ETH will move,
Solana will move, everything in the space pretty much will move. It's like a rising tide that
lifts all ships when you start moving into that FOMO mode. I don't see the FOMO yet.
I mean, we're near the four-year cycle,
but I don't see any over-exuberance of liquidity
to push markets to a point to where you need a big pullback or a bear market.
Bear markets are just rebalances of markets
that have moved too quickly to the upside.
And you can see right here, basically, you ran this trend,
and then from that trend, you ran too hard to the upside, and you get a bear market that like you you ran this trend and then from that trend you ran
too hard to the upside you get a bear market that rebalances it right and then you get a rebalance
of that bear market which kind of brings you back up to where you really fell off over here in
2018-19 and then you run back down you retest liquidity at the low and then you grind up again
and then you get a parabolic move and your bear market again just comes back and rebalances that parabolic move again so we get the we get the rebalance right
there and that's why we typically see the market pull back to all-time high every market or near
all-time highest because what you'll see is you'll see a market that moves away really fast
comes back rebalances moves away really fast comes back rebalances we haven't had a move away
from this mark in this market yet we've just been kind of like grinding slowly up into the right
and because of that and then you've also got stochastic drop too right which is a really
kind of crazy thing to think about here and then if you look at the monthly rsi again just you know
why you can't be so heavily focused on the weekly, although the weekly has been a pretty good play.
It's been a pretty good signal play.
Unless you expect the market to end almost 50% below what it normally does as far as
parabolic moves, I can't really see a market or see a place where we're basically going
to be done here, right?
And the market needs to shift back up, retest this liquidity of the high.
We do have a downtrend in strength right downtrend in strength into where we are right now but we're
more like in a mid-market if you look at the strength here we're not really in a in a bull
market yet right the frothy side of things and so for me it really brings into question i i want to
say 2026 is going to be bearish by cycle theory, but I can't really go off cycle theory if I don't have the momentum to play on.
Because my key, or at least what I play on for the most part when it comes to markets, is I play on momentum and volume.
I do best in markets that have a lot of momentum and volume.
And we have ramping volume here and there in this space, but we don't really have any real momentum right now.
The momentum just kind of up into the right slow grind and slow grind is not a market that's too frothy that has to come down.
So I'm just I'm really torn on the four year thesis.
I don't I don't think it's canceled out. Right.
Because we're not past that yet, but I'm really torn on whether or not that's going to play out because we could see a move where the market shifts really fast.
Right. You see two, three months, maybe four or five months where the market moves exuberantly to the upside.
And then at that point, now you're looking you're looking pretty good. Right.
Now you're kind of in that place where you're like, OK, we got a big parabolic move.
We shifted really fast. We just, you know, less time and more upside. And then at that point,
you can kind of call it, okay, that's probably cooked. And my thought process is if you could
sit somewhere between like, I don't know, 150, 175, because 175 is the 1618. If you can hit
somewhere in there, now you're kind of looking at like, okay, we probably shifted away significantly.
And in that same scenario,
now we could probably go into a bear market, right? But we have to do it really fast.
Otherwise the four-year thesis is kind of like, kind of gone, right? And then maybe it's a five
year, maybe it's a six, maybe maturity brings in more time. Yo, Will, sorry to cut you off,
but I feel like every four years, this whole conversation is brought up about, oh, if this doesn't happen, the four-year thing is obsolete.
Why is that?
I'm not saying it's obsolete.
What I'm saying is just, you know, I'm trying to stick to the plan, obviously, right?
Stick to what I've, you know, pretty much had to stick to the stick to the plan, obviously, right? Stick to stick to what
I've, you know, pretty much had planned out for the cycle. And it makes it difficult to do that
when the market's not not moving in a frothy way. A lot of people say, oh, all coins, all coins,
all coins are just buckets of liquidity where people are rugged. It's basically if you know
how to get in and get out of them, you can money so that's basically how you have to play all coins and you can't play new coins you have to you
have to shift it through old coins and look for setups on old coins and wait for whales to come in
and push liquidity that's basically it like this stuff right here is just it's entirely different
right this is this is a lot of investors buying and trading and everything else so this moves more
like a stock but it always gets these parabolic moves where the market shifts up really hot.
Now, here's the other thing, too.
Maybe the four-year cycle doesn't get invalidated.
We just don't get a parabolic move.
And then the market still rebalances.
In that scenario, I would be completely caught off guard.
But I do think that there's a way to kind of negate downside in that scenario
because it would definitely be throwing a lot of people off.
And I think the best way to kind of get that invalidation
is just wait for a break of the trend, right?
And if you get a break of the uptrend that we've been in for the cycle,
then at that point, you can kind of use that as a validation
to kind of cut your positions.
You'll take some losses, but I mean, I think it's better than, again,
just culling top after top after top after top that people keep doing right now in the cycle. That's what a lot of people are doing right now. you'll take some losses but i mean i think it's better than again just calling top at their top
at their top at the top that people keep doing right now in the cycle that's that's what a lot
of people are doing right now they just keep on calling tops and it's like you're just wrong
there's there's every top you've called has been wrong yep these people love being wrong
well here's the thing eventually they'll hit and then that's what they'll use next cycle to tell
everybody they called the top right they'll use that post. They won't go over the other 55 posts where they called a top. And that's the thing that's so frustrating in this space is people are so dishonest, but they won't admit it in need of trying to be like the say-all be-all.
When in reality, people should just be coming here to make money.
I mean, if you're here to make money off people, are you really making money?
That's kind of the question that I ask a lot of people.
I'm like, if you say you're a trader, do you really need other people to be able to trade?
You don't.
You can trade on your own.
You don't need a crowd.
You don't need a bunch of people.
You just need to kind of look at the market for what it is,
identify what's going on,
and set up a game plan of how you're going to enter
and how you're going to exit.
Like I said, like for me,
it's about invalidation and validation.
My invalidation is a break of the trend, right?
My validation is a breakout,
a parabolic move away from this uptrend that we've been in.
That's the only two things I have.
And until one of those hit, I don't have to react.
I just play the market for bullish side until trend is broke.
And then I can switch to bearish at that point.
Or I wait for the parabolic move and I start DCing out as it starts occurring.
And I think that's really the best way to kind of play this right now.
It just doesn't make any sense to just keep calling tops.
Like I could show you right here, like this was the top that somebody called, right?
And then, you know, what about this?
Shouldn't that have been the top right there?
If this was a replication of this, this should have been the top.
But look what the market did. It did it again. Right?
So you're basically invalidating this double top thesis
by doing this multiple times. You didn't just do it here.
You did it here again. Right? You're just, what you're doing is you're coming down
a trend. You're shifting away. You come back. Right? You shifted away.
You come back. You shifted away. You come back. And people keep on trying to call these as double tops.
That's not how double tops work.
That's not how they work at all.
A double top may get like 2%, 3% over high, right?
Like if you flatten it out and kind of look at it,
like this, yeah, that's a double top
because you have like a barely a peek through
and then a drawdown and validation.
And then you break your entire structure right here when you start getting into these territories and you get a bounce.
Gives you one more exit potential.
You're looking for a retest of the high.
It's not going to happen.
You get a fail swing and a roll.
Like over here, these things are going far beyond each high, right?
Like this is way beyond this high.
And this one's way beyond this
side they're just they're too high to say these are double tops that's why i hate that people keep
calling those it's just it doesn't from a trading standpoint it just doesn't make sense because
you're you're just too far ahead of the the high here but you can use this high as support where
you're sitting at right now so you know in my perspective like the market looks
good and then on top of that too and i think this is something else people have to really take into
consideration in the current market i think this is really important is like look again look at
altcoins right they're really showing strength right now against bitcoin like really showing
strength i mean ideally you know and i haven't been one to call
season all year like a lot of people have i know everybody else has but i i haven't been calling it
all year and you know ideally i do think we're really close here now i think we're really close
to either they move in tandem and then they and then they break tandem or you know this becomes
a top and then we'll see alts really run and i think alts will
be a good signal of that you know risk risk is always on the table that's that's your last
liquidity grab that's a lot of people don't understand that either and i think that's really
important to understand too when it comes to to markets in general is like you move high cap to
mid cap to low cap why why does why does a market maker or a whale want to do that?
They want to do that because they want to draw as much liquidity out of the market as possible.
Right?
And the best way to do that is to stay in the high cap until you get a bunch of liquidity.
Then you risk a small amount of that liquidity that you've just accumulated in the high cap.
And you start going to mids and lows and fishing all the poor people.
That's typically what it is.
That's what wheels and market makers are doing.
And then eventually they send all those things to zero.
So ultimately you'll always see a shift to risk in a market that's getting ready
to end or getting ready to go into a bear state.
So I think that that's what a lot of people are missing here.
They keep on just acting like risk is not going to happen.
And it's like, you're, you're absolutely wrong wrong if you think a bear market's going to happen risk is
going to happen it doesn't have to be 2021 style risk but you're going to see risk and if you think
that what we've seen right now is the only risk we're going to see no i think that's all we've
seen is liquidity move from coin to coin to coin to coin so far since we've been doing this it's not been like 30 runners 40 runners 50
runners because there's no risk really coming in except for people exploiting people on the thought
that that risk is here right and there's a lot of exploitation can you play the exploitation 100
if you can look at the chart and figure out what's going on you can definitely play the exploitation 100%. If you can look at the chart and figure out what's going on, you can definitely play the exploitation.
But you have to be able to know that you got to get in and get out of exploitation.
That's really kind of the hard part a lot of people are having a hard time with.
William, as always, you have the most amazing macro analysis ever.
have the most amazing macro analysis ever. I love it. Once a week, too, Will likes to do a full TDA,
I love it.
like a true top-down analysis. So make sure you're sending over tickers and projects you
want me to check out so we can jump into those. I do want to know, William, did you see the 666 ETH sale? Yuga sale. Excuse me.
Ape sale.
You're on mute.
Yes, I saw it.
Okay.
You saw it.
What was your initial thoughts?
If any.
I mean, there's people with a lot of ETH.
There's people with a lot of Bitcoin.
Like, you just got to accept it.
Like, this is what it is.
Like, you're going to get those things to happen.
It doesn't mean in a teaser necessarily coming back,
but some people are like, hey, ask it.
I like it.
I'm going to buy it.
I have a lot of ETH.
Yeah.
Yeah, yeah.
I saw a few people trying to say it was fake.
Granted, I get it.
We all know what wash
trading is and we've seen it plenty of times in this space um but yeah somebody had did i'm trying
to find i think i bookmarked it somebody did a like analysis of like how much eat has been tied
up over the last few weeks and it was like dude this doesn't make sense as to it being fake it
looks like a real thing like it basically the buyer put out 1500 ETH and like offers from the other
side deeds and other aides.
And so, yeah, I think it's legit.
I also think it's a, uh,
good indicator, uh,
for attention and where money is.
And Hey, if one fucker is farming us with 666, then hey
hey you know but at the end of the day if you think about it 2021 we basically all got farmed
then if that's the case i feel like people are just buying what they really want and these days
it's easy it's easier now to dictate determine you know what is valuable in this space at one point you know i remember my first five thousand dollar
rock the very first jpeg i ever bought was 5k i still can't fucking believe i spent that money
on that and it went to zero in a day and that was my introduction to nfts um so here we are
sorry what were you gonna say no i i was just was just going to say, I think a lot of people don't understand.
To wash trade, you have to be doing something a little bit different, right?
And so wash trading is typically better done on things like Blur or stuff like that, right?
Like something where they're constantly putting stuff in, pulling it back out, making one wallet win or making one wallet win
you know so on and so forth and and that's kind of that's manipulation of the of the volume
essentially in nfts and you see that every once in a while you'll see you'll see flows through
nfts right that are irregular or don't make sense and those are probably coordinated in a lot of
ways but i think like a one-off ape for 666 ETH, I really don't think that's a wash trade.
I think somebody just bought it.
I mean, you got to consider they probably don't think
they're going to sell it, right?
Right.
They bought it and they're probably stuck with it.
I don't know if you remember, what's his name
that bought the green pudgy?
He bought it like way over market value.
Yep, I remember. yeah and and a lot of
people made fun of him for it and then it ran and then he saw
a lot of people miss those type of plays man they think too hard on this stuff um some people do
that stuff they buy way over and they'll buy grails and stuff like that too. Sometimes it is, you
know, guys on the team buying grails, but again, you got to consider if they're using money to do
that, they have to think in their head, do I have a buyer on the other end if I ever want to sell
this? So even if you wash trade, there is a risk. There's a risk to wash trading to a degree. I
think there's only a few people that do wash trading really well. I think Machi's one of those guys
that does wash trading really well.
But I don't think there's a lot of whales
that actually do really good wash trading.
Any other ones that you think are
bad at it?
What bad at wash trading?
What do you mean? They make it obvious?
What do you mean?
No. What I mean is they're
trying to wash trade but they end up losing a ton on both ends they don't actually do real well on
it or or they they try to you know they try to you know fictitiously support the floor and you can't
do it in a market that doesn't have volume you can't sit there and fictitiously float floors
because people will continue to sell into you
right you have to time it right and i think that i i think there's some some different you know
projects right now that are trying to create volume fictitiously and i i do think that uh
i think those things will go right back down to where they started.
Hmm.
Hmm.
Ralphie, what's up?
Hey, how we doing?
Can you guys hear me?
I can hear you, brother.
I just gave you a new nickname, Ralphie.
I don't know if you like that or not.
I hope you don't hate it.
Nah, it's okay. He's like, I fucking hate that nickname what's up Ralph I know you've been
around for a while what's your uh what's your unbiased I know you you're an artist and everything
so it's different but what's your unbiased take when it comes to like NFTs and where we currently
are you've been buying NFTs for a while yeah so um my unbiased take on nft and just digital collectibles as a whole
i think honestly i i think we're in a much better shape than 2021 and in terms of what's getting
built and what's actually being done um honestly i i know a lot of people don't think nfts are
going to come back i i'm a strong believer in nTs. I think they do come back, but I think
they look a whole lot different. I think you see more of a consumer-based product instead of just
a profile picture. So I think a lot of these teams building and just overall what you do start to see
in NFTs is you see a product that's already out there, just attached with a digital certificate, a digital collectible, rather than what we saw in 2021 and 2022 was you just get a profile picture and you were basically just told to go fuck yourself.
But I think this cycle looks a whole lot different.
But just in terms of how the cycles work i mean we've always seen it
bitcoin goes up bitcoin tops alts go up alts top and then nfts go up and then everything kind of
tops and then we're kind of just all left on a in a bear market but i don't know i i'm pretty
bullish on nfts i i think they look a whole lot different.
And I think they look pretty cool this go around.
I'd like to see what you guys think about that.
I don't know.
I feel like they offer an IP.
I think that's really the strongest use case you can add to NFTs,
unless you're applying something like tracking or something else.
Like, you know, non-pensurable
tokens can be used in that format too so i i don't really know what else they can add to to an nft
outside ip yeah i mean i i think it's uh i think it's um just kind of depends what you're kind of
building i i think i don't really think of nfts as much to an IP based. I know that's probably the biggest thing
right now, but I think when you think of more into the future of what a digital collectible,
what a digital certificate could look like. I mean, just for instance, if you go to the airport
now, all you see are these signs like digital, go digital, digital pass, digital passport, digital ID.
I think a lot of that you start seeing in other
countries and other nations i i don't know the us but i think you start seeing more of a digital
world and i mean everyone's telling you that the world is going more digital i mean nfts allow you
to own the digital world so if the world is going more digital why not try and own that digital world with nfts
it's just how they're applied but we're gonna have to see it down the line honestly how these
teams build yeah the the thing is with with airports like i'll give you an instance right
of what you were just talking about you have basically blue which you can utilize and it's
just a retina scan right and there's's no NFT involved or anything like that.
And they just do a retina scan.
You walk through, you skip the line.
They don't need to scan anything that you have
or verify anything on you.
They just have that retina scan in the original documentation
that you gave them to set up that retina scan.
So those things are kind of like,
those are things that are kind of in place.
I think like if you can get to a place to where like, you know
Oculus and these other these other things that create digital real digital worlds, right like real ones
You know even the the Apple the Apple thing. I forget what yeah the the vision pros
Always thought it was gonna fail because i thought oculus was just so much
better personally but uh you know it did kind of blow but the the point being though is is like
once you start getting to more of those vr headsets and stuff like that maybe even like vr glasses
like what facebook's doing too i think that's a really important one to where like if you're
wearing the glasses they can like point out you know stuff on the sign or point out stuff on the wall.
Then you get to more like a digital economy
and maybe NFTs play more of a much bigger part of that.
Right? If that makes sense.
Yeah.
So like you could put your NFT on a wall
and then somebody else could somehow combine,
visualize it or see it through the glasses.
But I think it would have to be something
like the Facebook glasses, not necessarily the headset. While the headset could provide a world, the glasses would provide
everything outside of that that you would see out there in the digital world.
But I think we're getting closer. I don't think we're there yet. I don't see a lot of people
integrating the Facebook glasses personally. Yeah, I don't think the tech is there yet,
but I think we are moving more towards into a digital world.
And I mean, wearables are going to be huge, right?
I mean, first is going to be the big headset around your face.
Second is going to be the glasses.
And last is going to be a little contact that they try putting in your eye.
But I think the tech is all moving there.
I mean, every single day you see more and more stuff just go online digital
Everyone's on their phones soon. The phone's gonna be obsolete. Everybody's just gonna be wearing their wearables
so I mean
NFTs allow you to own
Your digital footprints in a sense, you know, like it's not just a profile picture. It's literally whatever you
Give that token access to whatever you allow that token to be, whatever it certifies for you.
Obviously, the tech's still not there now, but give it a few years, five, ten years, we come back and I think everything is NFTs, digital assets, digital collectibles.
That's just the way I see it.
But again, I'm super, super biased.
So I'd love to hear your guys' input.
I'm super biased.
I think the closest, and here's the funny thing,
they didn't even get a lot of movement, which is crazy to me.
But I think the closest thing to what you're talking about,
where you can create some cool stuff, is OD Labs, right?
And what they did with their,
I believe their Mercules or whatever.
But basically those things specifically,
you could like put like a,
it's like a little badge anywhere you wanted.
And then you could pick up that Mercule that somebody had
and be able to see it through your phone
or through your glasses or whatever,
even through the Oculus itself.
So that kind of stuff, I think, is more of where people can leave their tags somewhere,
and that would be kind of cool, right? Or they could leave their business tag on a wall
by doing that. And if people are utilizing some type of 3D software, then you'd be able to pick
those up. But you first have to get the masses onto 3D,
and then these things come into play after, right?
I think in some cases, we kind of put the cart before the horse.
We try to create a digital world without getting people to be into digital things.
Yeah, that's well said there.
Before we continue,
there's a few of you here I see below.
Welcome to the space.
I know you're used to Stockholm Syndrome,
manipulation, lies.
I get it.
You're all fucked up in the head.
This is a safe place, baby.
This is a safe place.
If you haven't already liked
comment repost the room, that lets me know you're not a complete asshole. And when you
go to people's houses, you don't just jump in their fridge. You don't just, you don't,
you don't, you don't fucking just jump in their fridge. You, you, you ask nicely, hey,
should I take my shoes off? Yeah, motherfucker, take the shoes off. Um, let me see here kick is popping bro i see kick popping up
i don't know if these are bots talking to me we're gonna fuck around and find out
bro is will they're likely trying to do graffiti in web 3 uh what are we talking about i don't know
what i don't know what that means but anywho uh yeah let'swho. Yeah, let's get back to it. Let's get back to it.
Achiever, I think you're here to farm me, so I'm going to go ahead and teach you a lesson.
Satoshi, welcome to the...
How you doing, Satoshi?
Hey, guys.
What's up?
Nice to be back. Just wanted to get back to what Will said a few minutes ago about people calling the top every time they see a few red candles.
You know, I trust TA and all that, but my thing is, I think we're far from the top until we see a weaker dollar and we see the Fed cutting the rates to at least 1.5, 1.6.
I think we're way, way far from the top.
I don't know what will take on that i i can't wait to see
man i'm muted and i was talking my bad what price did you say sorry
i just said the i think the feds need to cut the rates to at least 1.8, 1.6,
so we can have a weaker dollar, so we can see that money flowing into the markets.
I think the cuts are a little bit difficult, right?
So that's a hard conversation in some way.
I would say it can go a few different ways with cuts.
And that's why you have to be kind of cautious with cuts specifically.
The market could technically, if the cuts are big enough and seem like they're being done for a reason, you know, that is to try and save the market, the market will dump anyway.
Right. And if the market thinks you got a soft landing, which is, you know, historically not the case,
then, you know, in those scenarios, cuts will actually be okay.
And the market will start to accept them or ease them, or you might get a dump into it,
but then you'll recover from it.
But I don't think, I don't even think we got to be that low.
I think we just have to, we have to start moving towards cuts
I think even if you get to like the mid-range the cuts, right?
You're you'll be doing pretty good there
You just want to get coming to the mid-range
But why do you think we're gonna get the cuts in September? I mean yeah, I
I really think Powell has to cut now.
I really think pal has to cut now like it's he does agree
Like, he doesn't agree.
And I know a lot of people hear that.
A lot of people say that.
Right.
And you're like, dude, everybody says that.
I get it.
I get it.
But the thing that I'm looking at is like, he really has two choices here.
He doesn't cut.
And, you know, he remains abstinent against Trump, which is whatever, if you want to do that.
But the problem with it is it's going to be against the people.
It's not going to hurt bigger companies or anything.
That's going to hurt middle class and lower class,
which is really important to keep them afloat.
And I think that in some ways he'll look at that and he'll kind of acknowledge that
and he'll cut out of
those circumstances, not necessarily because Trump told him to. And that's kind of the way I'm looking
at it right now, because if you look at everything and what Trump just did too, and I think this is
important too, to kind of understand is that he just basically reapplied tariffs, which is putting
more pressure on buying and selling.
And that's something that you have to really take
into consideration, I think he's going to.
He can't look at it down and be like,
oh, it's gonna reaccelerate inflation.
If it does, it'll be later on, right?
And if it does, he can kind of slow the cuts
or stop them or pause them.
The same way he went down, he can go up, right, Powell can.
So he can cut and pause and cut and pause and cut and pause,
just like he was raising and pausing when we started this process.
So those are the important things to kind of look at.
I think he has to cut, though, in September.
I don't think he's going to remain abstinent about that.
I think he's going to do it.
And I think even if you look at the market, the market kind of thinks he's going to do it and i i think even even if you look at the market the
market kind of thinks he's going to do it right i think right now last time i looked it was
almost 90 percent were in favor 90 90 it was last time i've looked 90 yeah so i mean the market's
definitely sniffing out a cut too it's not just me and the market's been pretty on point with those
with those uh charts charts or those rosters
that they've been putting up
the thing is if we look at the last
bull market yeah the last two
bull markets we had
it was the same thing yeah like when
the euphoria
euphoria stage kicked
in it was just when the cuts
started to happen
you know i mean yeah
yeah and i i think that that's that's the way a lot of people have to look at it and and here's
the thing like cuts i think initially it's it's almost a 50 50 flip that they'll turn bearish or
bullish it just depends on how the market is viewing it so if the market's viewing it as as
okay and that they think there's a soft landing, the market will pump into cuts, right?
And if the market's like, if they can kind of sniff out and think that there's not a soft landing and the market may reverse, then the market's going to dump into cuts.
And all I would tell people is like, don't worry too much about that.
Look for the cuts.
And then all you got to do is
pay attention to the chart as long as you don't break trend you're good it's all you got to look
for right now that's pretty much the only thing i could see that that's kind of a headwind
everything else like rsi is not overinflated stochastic is coming back to the lows basically
playing just above the 50 volumes basically dropping into this rise of price.
So like you should get a spike here in price and it shouldn't be a spike that necessarily destroys the market.
From the point I've seen it, you know, it was a CME gap at around 140K on Bitcoin.
So from what I've seen on my chart charts that gap has been filled at the minute
so i think the same a pump is going to come in the next few weeks
i personally don't think we need to have a rate cut in september um i think jerome foul's done a
phenomenal job over the last four or five
years, six years, whatever, how long he's been in. But I don't think we need to see a rate cut.
I think data is good as long as data continues to print good data, like all the jobs markets,
inflation date, stuff like that. As long as that continues to print good numbers, I think the
market will continue to go up even without cutting rates rates and i don't understand why you would want
to cut rates if data is good no i'm not i'm not saying that we need or have to have or i would
say we kind of do we do we do need something there but i wouldn't say you have to have rate cuts
right that that's that's the thing too like every a lot of people will say you have to have them.
I don't think, I think if he says no cuts,
then, you know, we continue to do this grind
and nothing really happens with risk
and risk kind of sits flat.
But at the moment, you know, looking at everything
and you can look at it as data is good,
but data is only good because we basically remove tariffs.
Once tariffs start bearing on top of these rates, it's going to be worse.
It's going to get worse month by month than what it has been in comparison to previous months with no tariffs and rates being high.
I get what you're saying.
If the tariffs stop, which I don't project them to stop, I continue to feel like Trump's going to find ways to tariff, tariff, tariff.
And he continues to do that if you trade with Russia and India's getting a big tariff.
So I think he'll continue to find ways to tariff people until he's out of office.
So I don't know. We'll see. You can't predict the future, especially with Trump in office.
He creates volatility so the casino can win. If you look at his terms in office, it's been
the most volatile market probably ever, honestly. We just went up 35% in the S&P, which prior it
took 14 years. So I don't know. you can't really predict when trump's in office
yeah but you got to look at that from a low to a high too like we did have a dump into it and
everything else so there's a lot of factors i think there were recovery happens fast right
but once you start it exceeding all-time high that's where it starts to slow down especially
for s&p so if we dumped like 30 30 we recover we're going to recover that really
quickly and that's what a lot of people tend to forget with the s p they always think oh it's
going to go lower and lower and lower it's like no the s p will bottom and it comes back up really
fast when that happens and that's basically what we saw i think we hit what 30 3500 yeah we hit what? 3,500? Yeah, we hit 3,500 and market basically just rebounded in a couple months, almost back
all the way back up.
And then we just continued to chad.
We had a little bit of pullback again, right?
Recently.
And then that recent pullback brought us all the way back to 4,900 and that rebounds
the liquidity of the move back up.
So now the market just keep moving up.
There's really no reason to come back down because every every move he's created a volatile move by saying something or doing
something that's rebalanced liquidity so he's basically creating the the drive of what's
actually a healthy market by creating chaos in some ways and i i think that that's something to kind of you know
acknowledge and somewhat i just think i think it's really weird man it's really weird and then
every time you know basically announcing when to buy and everything else creating liquidity pumps
and and in the basically liquidity dumps that and that's what it's been a lot of time you can play that but yeah it's been kind of rough
i like for me like trading the volume has been kind of man it it's been rough it's been rough
like i i have to pick and choose when i want to uh when i want to leverage and i can't leverage
much in this market there's not enough movement to leverage that's why i like when people are
like oh i'm gonna go 100x bitcoin it's like bro you're you're going to get destroyed
like we're in a range it can move back on you really quick or it can shut or or can move in
your favor really quick but it's almost a gamble in some ways all it's going to take is one tweet
from trump and you're in a leverage trade and it's going to reverse on you.
True. I think most Republican presidents are traders.
You trade the market when a Republican's in
and with Democrats you buy and all that.
Who did the thing?
Cougar.
Cougar just started their Twitter account
and they need attention.
I was giving it to them and that's, they need attention. So I was,
I was giving it to them and that's what they did with their one shot,
one opportunity.
They ruined it.
Now you can sit in the requests,
fucking spiral.
Girl,
I give a shit.
Anyway,
mob,
go ahead.
I was just saying that I think think most republican presidents it's volatile volatile
on the markets and then democrats you just buy and hold and eventually it'll go up
well you buy and hold what they're buying though that's what you buy yeah of course of course
that's the trick that's the trick that everybody misses yeah just buy some hippy dippy solar and
you'll be good oh yeah like that that you know that's that's the one thing i like about
having these flip-flops in the house is because like when we go back to the democratic party you
already know evs uh anything with solar um and like you know all that stuff you know you know
just just bid all that don, don't bid anything else.
Gas is going to zero everything. And then everything else is running.
And if you buy tech, you're good too.
Yeah.
Tech too.
They do like tech too.
Yeah.
That's another one.
Which even tech, tech's been doing okay.
I think though, even under, even under the current administration, I think tech's been
doing okay.
The, the, it's really odd because i
thought really tech was going to take a back seat and there's going to be a new front runner but
tech's been doing pretty good yeah but they all bought into the they all bought into the trump
train honestly they didn't want a democratic party again to be in office so they all kind of endorsed Trump, to be honest. Yeah. Yeah, so I noticed that too.
You're talking like all of them, like Zuckerberg, everybody.
Yeah, everyone did.
They all jumped in on Trump training this year because they just didn't like the current state of the United States.
And I don't blame them.
I don't think anyone really did.
Personally, I think everyone, you know, there's a lot of secret people out there that voted Republican.
They might regret the decision now, but I sure the hell don't.
I voted Trump three times in a row.
I don't, you know, and I'm not.
Yeah, I voted Trump too.
Thank you, Trump.
I'm not even a big Trump guy.
Like, I'm not.
But I do think he's way better than, way better than Kamala would have been. I think
he's better than Joe Biden personally, but everyone has their own political views.
Yeah. I typically try to stay away from politics personally. I try to look at it like,
what's the benefit of who is in there and how can I utilize that to be able to trade or operate in
the market?
I think that's always the best way to take it. I feel like if you get too political in some ways, you almost start to root for a side.
And if you start to root for a side, you'll start to get blinded and you'll start to really not make good trades at a certain point.
Because it'll be politically based in a lot of ways.
You'll be like, oh, I'm not going to trade EVs because Democrats are in office because i don't like evs because democrats like evs and it's like that doesn't make any sense
no i totally agree yeah you just gotta always kind of play the trade that you're given and then
like if it's republican you already know where it's going it's going oil and gas right if it's uh
if it's democrats and you know where it's going it's going to evs it's going to go toward green
greener deal it's going to go through all that stuff.
Solar.
Solar was a big one, man.
A lot of money.
I think on solar, when Democrats were in office,
I made a ton of money on solar.
And I think that that is really the benefit of just knowing your party
and knowing what party is in there
and what they're going to do.
Because if you know what the party is going to do,
you can basically take advantage of it
and make a lot of money off it.
Yep. And as you can tell with this administration, Trump,
if you look at the health sector,
the health sector's beaten the shit because of Trump
and Trump wanting to charge the health sector a lot more
and basically just extract from the health sector.
Because if you look at the health sector, it's down quite a bit, though.
Especially UNH, Eli Lilly.
There's a lot of them that are just down.
They're just beaten up because of the Trump administration.
Yeah, that's what I was going to say.
Yeah, he's been absolutely obliterating the medical part of things, man.
Like, it's the stocks I thought would never see a retrace are getting,
are getting demoed right now.
They're getting absolutely blown out.
You see what I just shared to the screen,
Will and everybody else watching at home.
Adam Weitzman is acquiring 5,000 other deeds in a multi-million dollar partnership with
Yuga Labs.
The billionaire collector, billionaire would it be, is locking up his other deeds for years,
Years doubling down on other sides' long-term future.
doubling down on other side's long-term future.
This is really cool, but I just want to point out,
or actually more or less, I guess, speculate,
but I could bet that there's going to be other collections to follow this same play.
Because on-chain, that's great.
That's cool.
Locking something up.
That's just awesome.
I'm going to pin it to the top the top too if you're on spaces um i think that's a interesting move from yuga and i kind of hate
talking about them when i have my ape on because some people are kind of like dumb and they have
like fucking earwax in their ears when i'm just kind of pointing some shit out but the point is as much as everybody wants the apes to go away once again uh a move like this kind of indicates
you know how they see the future of not only their company but web3 and overall just crypto
um i don't know i don't know there's uh there's a lot of times we see things mint out and fail,
and then there's just simple moves that you could have made that could have just, you know, set you up for success.
Shout out to Now Media.
I just pinned it to the top.
Pretty good right up there.
And, yeah, I don't know.
I'm really excited for My Mutant mutant ape to go back to 100 eth
can't fucking wait sell it on your heads that's delusional hey it is what it is man you got to
be delusional sometimes literally the game literally the game so today i asked my web2
normally following if they know two coins that
are going to be 5xing to 10xing in the next six months. And a lot of them said no. Some of them
said, you know, yes. And some asked me and I gave them the answer. And guess what answer I gave guys first answer I gave was Farcoin now we are going to bully
Will as a community
into Farcoin ladies and gentlemen
so William do me a
favor absolutely not
do me a brother
we're going to do a fucking
real life tutorial right now
for these fuckers I need you to
go to the chart okay I'm going to kill my fuckers. I need you to go to the chart, okay?
I'm going to kill my shit real quick.
I need you to go to the chart, okay?
And I need you to do a quick chop down on how you view the way any other thing would be viewed or you see or whatever.
I want you to see the inflows.
I want you to talk about the volume.
How is this not bullish, bro?
How?
Look, I'll pull it up and look at it.
Don't get me wrong.
Like, I have no problem doing that.
And if it looks good, I'll tell you it looks good.
I don't care about that.
But I'm not chasing Farcoin.
Absolutely not.
Not a chase, bro.
We got a minimum 5X from here.
I mean, you can see I already got everything right here.
This is almost like a fucking 401k play. I already had it set up right here you see right there
share your screen oh sorry that I was sharing hold on oh it was you just had
to click it hold on my bad I probably took it up yeah you just gotta click the
ad but actually I've had a lot of questions a lot of
people talking like hey farcone farcone i mean like this is you can see right here i drew it out
like what it was going to do and it played to a t it ran right back down to the lows but i mean
if you look at rsi you're basically floored right here but i would say you got to get above the 50
in some ways that's kind of where you
could start taking stabs at it but on the weekly you are you're right where you need to be right
so if you bump it up to the weekly this is where it should theoretically bounce if it's not going
to come all the way back down to here or break this trend the only thing you don't want to see
is you don't see it break the 50 right but we're we bounce right off it which is nice but you got
to continue to hold here
and push up. So yeah, I mean
if you were going to take a stab at it,
yeah, I mean, you could take a stab at it here.
I think it's a safe place to take a stab.
I wouldn't unload or back up the
truck on it, but you know, if you
wanted to take a little position here,
it's a potential play. William,
if you knew what I knew, you'd be
balls deep in this, brother.
Yeah, I don't know about all that.
What do you know?
The cabal's about to pump it?
Is that what's going to?
Bro, where the cabal?
I mean, I'm not pumping it, but, you know.
If you have insider knowledge of volume inflows.
All right, can you tell me about the inflows?
What do these inflows indicate?
And for as long as it's been, it's been months.
This has barely been down.
I mean, volume's been shit, to be honest with you.
No up, no down, just flat drop, which, you know, is okay.
I'm surprised it's even moved in the way it has
with the volume sitting the way it has.
Usually you'll see big vol spikes and drops as you're topping, but you're not really seeing that.
I would say you're probably really close to vol drop being over and start to get the vol rise.
You're pressing against the 50 on the weekly, so that's bullish.
You're hitting right at your low that you should be at, and basically the same low is over here.
This is the same low that caused the initial run up right here so i mean like if we were to take that and try to say in any way like what the
upside would look like we could just bars pattern this whole move right here right and then drop
this kind of like over here and then you would $2, $2.20, something like that. Basically, it gets you back to the all-time high
if they're going to run it there.
But I'm looking for stuff that's down here.
Well, you need to look at pump.
Pump's down there, bro.
Look, I was looking at pump.
I actually looked at pump the other day,
and I was like, bottom.
I actually said it too easy. It's bottom, dude.
That's what I'm saying.
Hold on, let me pull it.
I showed it to easy.
Bro, fuck Alon!
It's not about Alon.
It's about what you're seeing here.
This has actually been
drawing down more.
Bro, if you're more bullish on Pump than Farcoin,
I don't know what to tell you.
Bro, Pump created Farcoin coin get out of here well pump pump is also you you got to keep in mind too pump is also putting a bunch of liquidity into this they're doing buybacks on
on pump token so it only makes sense we love buyback who's who's doing buybacks on a parcoin? Absolutely
no one. Thank you, Will. I appreciate you.
Bro,
there is no logical
explanation for this right now.
Look, I know a lot of people got burned.
I get it. I get it, but
look, Profit, just look at it, okay?
This is only the four hour.
No, I have a good position.
I'm flooding my own bags right now.
I'm just,
I've given up after all the bullshit,
just,
just words.
And well,
a lot of people kept on trying to say bottom,
bottom,
bottom,
bottom all the way down.
But all you saw was this thing just driving for the floor.
Right.
It was,
it was literally a death spiral down to the downside.
And then right here is where I,
and,
and you can, you can ask easy, ask easy profits.
I DMed them right here at this low and I said bottom.
And all it's been for strength is rising strength
and we're kind of playing towards the upside right now,
just swooping.
And we're just coming above the 50.
Now, granted, it's only the H4.
So it's not a lot of alpha there, right, in the H4.
But if you look at here at the daily,
you're actually driving out of the low.
You could definitely kind of come back a little bit and run,
but I would say, like, here's what I would tell people, okay?
I know people, like, a lot of people showed this to you
in the wrong position, and probably a lot of people lost money trying to ride this thing down because
they thought they were going to ride it up look look at pengu nobody talks about what happened
to pengu at first they only talk about what happened to pengu after you did you let us know
because you got robbed i told you Pengu was going to zero.
And it went to zero. And then it came back to life.
No fucking way! It never went to zero!
It basically went to zero.
But we'll pull it up.
Didn't it retrace like 92% or something like that?
It went below its own floor.
I'm not going to lie. I thought my abstract bag was
dead and I just logged in. I was like, oh shit.
Alright. Shit's alive.
Look at this. It went
below its open price.
Just like Pump did. Both of them did
the same thing. And they both
did the same thing on launch, too. They both
pumped into the launch and then dumped.
Both of them have done the same thing.
There's no difference between the two.
They're theoretically
the same. I mean, here difference between the two. They're theoretically the same.
I mean, here's...
Rooka never tweeted Jew Mode.
Okay, look.
We can talk about that one.
That definitely never happened. You are correct.
Yeah, what does that even mean?
He was talking about
the coin that was launched. He wasn't
talking about Pomp. He got like crazy.
What the fuck coin was he talking about?
There was a coin called Jew Mode that was sent to him,
so he was talking about that.
He wasn't talking about pump.
That's the most Israel fucking excuse I've ever heard in my life.
He's Jewish.
What do you expect?
You thought he was going to pull on your back?
Yeah, I expect exactly what it is.
They're going to gaslight you, steal your shit, and then blame someone else.
I get it.
Chicago, Chicago!
What up?
Happy Monday.
Happy Monday. How was the National? Happy Monday. Happy Monday.
How was the national?
Weak.
I mean, not weak, but like weak.
I feel like you, I feel like you had so much fun and you're just trying to be such a negative Nancy.
No, no, no, no.
Listen, all they're doing is trying to onboard the youth, which means they're trying to get eight to 12 year olds
comfortable with gambling so eventually fucking reuben can keep them as lifelong customers but
like i don't know how it holds in sports i don't know how it holds in pokemon like i don't know
how it holds in any of this like these kids are going to take their allowance get burned by
somebody on crypto twitter doing breaks on whatnot realize that they're down a bunch of money they
could have bought a playstation with and by the time they turn 13 that they're down a bunch of money they could have bought a PlayStation with,
and by the time they turn 13, 14,
they're going to be more interested in titties, hopefully.
Dude, so, you know, you're making me think of something today.
ThreadGuy wrote this post about 25-year-olds and under
where everybody is hyper-addicted to the internet and gambling,
especially because of all the wild opportunities.
And, you know, the Zoomer had a point.
I liked it.
I'll pin it so you guys can read it.
But if you think about what you just said,
what if, you know, did you think for a second
that maybe that's what the kids want right now?
They want to be so...
Listen, Kit, I totally get that.
But that doesn't mean that you can, like, push, like,
this is, like, worse than charity casino gambling.
This is like walking into a church playing roulette where they pay 10 to 1 on a number.
And they pay it in prizes that are gift cards.
That's the part.
Cards used to be collecting.
There used to be value in the opening stuff.
There used to be fucking value in like the opening stuff there used to be excitement like
this is like high leverage meme coin trading that's just like so much fucking worse like
when you watch kids rip a thousand dollar box that they fucking threw two hundred dollars of
their own money from their birthday in with dad's 800 because he wants to relive card collecting and
like end up with like a 47 dollar card that no one wants to buy like these
kids are gonna get burned pretty hard and if not the dads are gonna get burned or whatever you
want to call it but like look Ruben owns a fucking gambling I mean he owns a fucking gambling site
like same way that like you know same like kick to fucking uh what's it called steak know, like nobody gets a kick deal by itself.
You get a kick slash steak deal,
take something that people want and then onboard them to something that's
going to fucking financially ruin them.
It's kind of the same.
Like, I mean, listen,
the national was fucking the biggest it's ever been.
There were plenty of things in there that were cool that didn't really cost
money.
You know, there was plenty of things for people to see.
Like, I like seeing some of that shit.
I wasn't buying, you know, a lot of this stuff.
But I still like seeing the stuff that shows up every year and, like, whatever.
But when the whole narrative of the event was we're trying to onboard new people and we're trying to bring kids into the industry. I mean,
they're literally walking them into a casino.
You know,
I get the hustle part,
the kids trading,
the kids doing this.
Like I've been a supporter of that forever.
Like I'm all for kids learning business skills,
learning shit.
Like,
you know,
it's a lighter version of like,
you should just be selling drugs.
If you want to understand like the metric and monetary system,
like it's similar you know but they're lying to people in the process like that's
the difference like at least drug dealers tell you what they're selling you for the most part
like you're buying weed like you're buying this like it's gonna get you high like whatever you
want to call it like don't take too much yeah it's kind of like early nfts like you know like they're selling a dream that's just not that like pokemon
is going to explode and implode well before anything else then you're going to get modern
cards imploding and then you're going to have like big collections just underwater and i don't know
i'm not saying it happens in a year i'm not saying it happens in two years i'm not saying whatever but i mean this has happened three times in my life
and this one's gonna sting worse than every other one has well the these the the weird part is
chicago and you probably know this too because you've been around long enough just like me
like these things they always come in waves like they it comes in a wave right and then it
disappears in the middle of the night and you lost all your money yeah it comes in a wave like
five ten years later and then it disappears again all the night you lost all your money again
it's like when the way it comes you got to ride it you gotta you gotta understand that you're on
the the top end of the wave and you need to start getting out of the wave before it starts crashing again.
Yeah, and you got the only thing... Like...
You're rugged now, Daddy.
He's gone.
And he's gone.
Melina, what's up? you're over there hiding in the shadows
how you been
well I let everyone
chat what's up guys
I went to a music festival
over the weekend and used my
MetaMask card so that was fun
oh that's a vibe
yeah I can finally take some of these shit coins and swap them over over the weekend and used my MetaMask card. So that was fun. Oh, that's a vibe.
Yeah, I can finally take some of these shit coins and swap them over and do something.
Use this
Fiat money we got, you know?
Oh, I don't know if someone was trying to talk.
I don't know what's going on with Chicago today.
I think you're on your fucking... I don't know, bro.
I think you're on your fucking Starlink Wi-Fi.
I don't know.
Go ahead, Ralph.
Starlink Wi-Fi.
Oh. I don't know if i'm also i don't know if it's me that's lagging or it's everybody else but if you can hear me then i know i'm not lagging but
yeah the the one guy was talking about uh collectible cards pretty cool uh nfts just
digital version so soon you'll be getting the physical
and the digital.
Seems like a win-win.
Instead of getting one, now you get two.
It's a pretty W.
Sorry, I'm back.
I was in my elevator.
Ah, he's back.
He's back.
Same shit.
Like I was trying to say,
the same thing as NFTs,
and we got Gary V fucking pumping bullshit to all of it.
Dude, I don't know.
He's like the one really trying to onboard kids
to the casino for his fucking fuck buddy,
Michael Rubin.
Michael Rubin is going to do to sports cards
what Michael Rapinoe is doing to music.
They're the same.
What's Michael Rapinoe is doing the music. They're the same. What's Michael Rapinoe doing the music?
Can I just
say one thing?
Yeah.
I don't think he hears us.
Yeah, he doesn't hear us.
Look,
why are we
creating all these projects and doing all these things?
Just make a GoFundMe and ask people to donate you money
and tell them how much money you need
and then tell them for everybody who donates,
you're going to give them a sticker, right?
You'll mail it to their house.
You'll give them a sticker.
It's way less of a process than all these Ponzi's
that keep getting created.
I feel like that's the way to do this.
I've been saying this for years.
I've been saying this for years.
What's up, Brisk?
Welcome to the stage.
Thanks, guys.
Appreciate it.
That's a cool doodle you got there.
Yeah.
Thanks.
I don't know if y'all remember my other account.
It got suspended
but this is a new one so
oh man I'm sorry glad to have you back
thanks thanks thanks
hey Luna
you don't like a risk profile picture
what's going on buddy
hey don't mess with my doodle Luna
Chicago you back go ahead
yeah I'm back I was driving Chicago, you back? Go ahead.
Yeah, I'm back.
I was driving.
I was saying, who the fuck is Michael Rapinoe and what he did in music?
Michael Rapinoe is the CEO of Live Nation.
Same thing, different you.
Live Nation is always getting sued. Is that bullish if you're a company?
Who? Live Nation's always getting sued. Is that bullish if you're a company? Who?
Live Nation.
They're not, I mean, you can call it getting sued,
but they got everybody in their pocket,
so it doesn't really matter.
I mean, that's what's, I mean, it's the same thing.
Like, Lollapalooza was a fucking $1,500 ticket this weekend.
Like, what a fucking terrible-ass fucking lineup. Like, like you know your favorite tour is fucking four five hundred dollar uppers
and they're still blaming fucking brokers like taylor swift needs some accountability
accountability yeah like that's it like it's just fucked up that all these swifties don't
understand like sixth grade math like if your revenue goes up 800 while doing a show in
the same stadium the only way you can get 800 is to squeeze the 700 from your fans like there's
no other way to get to it it's not like it went from an 80,000 person football stadium to a 10,000
person football stadium or vice versa like doing the exact same shows year after year,
and they're like, revenue's up 800%,
but it's the broker's fault.
Like, get the fuck out of here.
Same thing with fucking sports cards.
Gary Vee sold Sapphire fucking Vee Friends
for $1,555 a box, went on all these rants
about how it sold out, everybody bought it.
I talked to them.
They sold 15 boxes online.
There was 15 boxes. Like, that's boxes online there was 15 boxes like that's
literally what there was like it's like hey we sold out we're massive it's like 15 people want
a raffle dude and they like they're degenerates who didn't care and like think that like a
manipulated market's gonna work like like it's just it's so fucked up like i love collectibles
i'm happy for the crash to come i I'm going to buy the shit out of everything
I want next crash.
I'm just waiting for this parabolic movement
so I can get out. Of what?
Everything.
What are you holding
that you're waiting for parabolic? Let's not say
NFTs because we're fucked there.
No, no.
That's all zero.
I was going to ask Chicago who just told us they're bullish on NFTs because we're fucked there. No, no. Wait, wait. That's all zero. I was going to ask Chicago because he's, you know,
who just told us they're bullish on NFTs?
Now you're saying you're not.
I'm not bullish on NFTs.
Can I not hear Judas Ruggs?
Yeah, there you go.
See, he doesn't hear me.
Do you guys hear me?
I can hear you.
Chicago, we bring you back up.
Hold on.
Yeah, I can hear you.
No, no, I'll come back.
You're good.
Go ahead.
We can hear you.
Chicago. I'm bringing it back up
what a rug this whole freaking
the app
I mean it's just the app I don't know
it is
we cannot control
it's out of our control
so you said you're not bullish on NFTs
I don't know
honestly I think you're jaded because of the ordinal ecosystem fucked us too much.
You think ordinals are fucked?
They're mad at me because I keep telling them they don't even have a run this cycle.
All right, so I heard I was going to ask Chicago and my Wi-Fi sucks.
Yeah, you're fine.
I was going to ask you, so you're not bullish on NFTs?
I'm not either.
And Prophets was telling me maybe I'm jaded because of ordinals.
But I don't even think ordinals are going to have a run this cycle.
And they're mad at me about that shit too.
I think some NFTs will go up.
Some NFTs will make money.
It'll be the minority of them.
Like it'll be a very small subsection of them.
But I don't think like NFTs are back.
It's just because a guy with 86 counts of bank fraud
bought 5 000 other deeds off a company with no money today like doesn't make me bullish about
my bag wait wait wait wait what are you talking about adam weissman was convicted of 86 counts
of bank fraud like i'm not sitting here like judging a felon as a felon most of my best
friends are felons dirty money that just bought all those deeds? He's got a steel company, whatever you want to call it.
Like, his business now is probably only as shady as, like, most of these steel companies are today.
Like, I'm not knocking that.
But, like, yeah, like, a guy has fucking $1.5 billion and gets a hard-on from fucking looking cool on crypto Twitter.
Like, that's no different than pretty much anybody in this space right now saying I spent $5,000 at a strip club to get, like, somebody's burner number.
Like, it is what it is.
Like, the guy makes nine figures a year just on fucking bullshit interests.
Like, he's doing fine in life, you know?
Bro, you have such a great way of just completely just hurt just putting everybody to shit
everything you just i keep it honest that's it like listen i'm holding 170 other deeds i got
a thousand yuga nfts i just find it fucked up when everybody's like glorifying the scammers
i'm not saying him i do find his moves to be fucked up i think there's something else behind
the deal just to be fair but it's like he threw a couple million bucks at something like for somebody with two billion dollars in the fucking
in net worth like that's really like nothing like you know like that's like your average person on
here fucking spending two hundred dollars on an nft man like that's what i'm saying yeah yeah like
it's cool like if i had two billion dollars you know dumb shit i'd do are you fucking kidding like
i'd spend a million dollars to watch like two fucking lit homeless people fight.
Like, I don't give a fuck.
Like if whatever, whatever is entertaining to you, like, I don't fucking know.
Like I'd be the guy driving around and drive throughs like quit your job for 50 grand.
How about a hundred?
Like, cool.
Tell your boss he's a faggot.
Like I'll give you another hundred.
Like, I don't care.
That's me.
Like, it's fun. If it's entertaining faggot. Like, I'll give you another $100. Like, I don't care. That's me. Like, it's fun.
If it's entertaining to you, who cares what money you spent?
Like, you know, like, whatever it is that fucking floats your boat.
But I don't think that, like, Michael, I don't think this Adam Weissman guy buying all these things while he's down 90% on eight figures in purchases, like, means a whole lot.
I'd be more curious why you guys sold 5 000 deeds
yeah i was gonna ask what i'm curious about is you know has he seen this game like how how's
this metaverse looking like what what made him want to do this today here listen i'll say this
i'm not bullish on nfts i'm not even bullish on other side but i'll give you a fucking take you don't expect other side maybe has the best chance to go
up in price over almost anything in the nft space because the bar is set so low it's like you guys
happy to pump on it's just like you said about pengu like when it bottoms it's really easy to
get excited especially when like there's no such thing as market cap.
Like I could literally take a couple hundred thousand dollars right now, sweep the floor
of almost any project that's not pudgy or board apes or crypto punks.
And like all of crypto Twitter is going to be like, a whale just came in and bought floors
up 752% in the past six hours.
Like, what does that mean?
It just means I wasted
200 grand being an asshole.
Yeah.
That's what I was kind of saying with Profits
earlier when she's like...
A lot of people are like, oh, the person who bought that gold
ape is...
They're not trying to... They bought one
asset. I don't even know who bought that.
I saw the sale. I saw it all go around.
I don't know anything about that. that buyer has 1500 eph in offers well now less since uh 666 yeah it's just like
the crypto punk that kept selling for 10 million dollars to launder money between the same six
people like like it doesn't like it's not a big like it doesn't impress me that's debunk go to
the third post somebody went yeah yeah listen no you might. Like, I'm not saying this one specific.
I'm just talking about that punk that kept wash trading for like the past four years back and forth.
It's like, that's cool. Like, I mean, whatever people had to do for their accounting to float money between anonymous wallets, you know, like it's all going to end in a jet ski incident that lost its ledger.
Okay. So are you guys buying art right now or are we just all waiting and my other
question because profits mentioned ordinals are you guys buying art on bitcoin do you believe on
this art on bitcoin like what's uh what's everyone you know how are you guys feeling about that
i don't like digital art i think ordinals are dumber than most digital art
it's my take.
I just don't believe in anything that I can right click save.
Like I don't believe in it's the same way.
Yeah.
I have a zip folder on my computer with all 10,000 crypto punks.
I have all 10,000 board apes.
I have all 8,888 pudgies. Like I did it and like had a bot scrape it just so I could say I own the whole collection.
Like it's cool.
Like, I don't know if I put it in a frame and you come to my house and like,
it's in a burner wallet that no one's ever touched.
I can just tell you that's my burner wallet.
Nobody would say shit.
Yeah.
I mean, there's, there's people that use my NFT.
I don't care.
It's like, whatever.
Yeah.
I love that.
I mean, anybody who's up here, like go find my wallet.
You can right click, save anything and use it as a PFP.
I'm fine with it.
Like by all means, I don't want any money for it.
Just go ahead and scam people with pictures that you right click saved because a guy on twitter told you to i was
paying an ens domain thinking oh if i pay this and attach my nft you know it's it's mine
yeah fair and it's yours but i'll still right click save it and put it in a digital frame on
my wall like i'll put it in a restaurant use it fucking commercially and like nobody in this space is
going to come sue anybody they don't even realize that like not a single there i don't think there's
more than 20 nfts in all of nfts that have actually been filed for like real trademarks
like not one person's gone to the united states of america taking their fucking proprietary nft
and filed it properly like and then on top of it you gotta hope you
have enough money to sue for bullshit like that's why nobody does i mean we could open a restaurant
with fucking profits board ape and i promise you like profits isn't gonna come after my fucking
italian beef stand in miami like even if it wasn't you like you know wait i might i don't think so
i don't i don't think i don't think you're popping up like 100k and lawyers to come after my revenue of 18 you know like it's not yeah it is what it is she said yeah you're right
yeah that's it well i mean if you pop off that's what you know that's a different story fair enough
yeah and then we play like fucking a whole game of like do you really want to burn all your net
worth and lawyers so that we can come back to a settlement for like less than you paid for lawyers my my whole idea on ip and branding has
honestly never changed even though we've been bamboozled by a lot of these fucking dorks in
this space um i'm i'm a big believer and uh of ip whether it's a fucking random character you took from
Google and that's your
image or... Branding
and IP are totally different. I'm 100% with
you on branding. I wouldn't fucking know
where you are on Twitter if I was
flowing through and didn't see your
mutant ape. So what's the difference?
That's not IP, that's your brand.
What's the difference when it comes to
IP legally? I guess you're speaking in
legal terms yeah i mean building a brand off something and building an ip off something is
different like one of them's enforceable in the united states by law like and that was my whole
point you're not coming at me if i open a place called profits fucking chicken wings in miami and
use your picture like you're just not going to like and and if you do, you're going to burn way more
money than it's worth to do it, which is why no one ever barks up that tree.
Or I'll get like a Ukrainian fucking business partner who lives out of the
country and like use some fucking Delaware company.
And then we'll just open a beef stand and you can't do anything about it.
Like what people don't realize is there's no, I don't think there's any board
apes that have been filed with the fucking United States.
That's why only board apes as a company. That's why only Bored Apes, that's why only Yuga can go at them.
What about that hamburger, that burger place, the Bored Burger?
Sure.
He already sold that business.
Yeah, listen, that's a cool, it worked.
It's cool.
I mean, from what I heard, he made a great hamburger.
No, that's a great example of using an image, whatever IP turning into a brand like Chicago just said.
And then that's that's valuable now in some shape or form through that.
But that's not IP enforcement. Yeah. I was about to say I'm trying to like.
So the way I think of IP is. Let's say right now I had a, you know, I had a product.
Right. That's doing really well. My ape is the IP.
I register.
I do all the things legally for it.
What you're missing is in a space people don't realize that they can't.
You still need Yuga on board with you to go register that right.
That's the break in the matrix that no one's ever pursued.
That's Yuga's biggest flaw, and they know it. Their lawyers know it. Everybody knows it. right that's the fucking like that's the break in the matrix that no one's ever pursued like that's
yuga's biggest flaw and they know it their lawyers know it everybody knows it and like that's why
everybody stopped talking about ip because like the reality is like this is basically impossible
to do like you know i hate to say like i could probably rip off all lucas fucking you know like
toy ip and like could you do it?
Cool.
But then you got to like, Ryder rips me for like all your net worth to like come and win on something where you're not going to get a judgment.
Like, what are you gonna do?
Sue for $50 million because I ripped your IP and it's going to cost you $50 million.
And then I'm going to move my money into a trust.
Say I got 84 bucks left.
You can have it.
And that's it.
Like that's, you you know like you're not
going to see a billionaire ripping someone's ip but like in most of these cases like it's just
not worth it like yuga should have never gone after rider like that they spent 50 million dollars to
get nothing you know like literally like that was just ego same thing like buying punks it was just
ego like all this stuff is either money laundering or ego. Like either way, NFTs aren't, the concept of an NFT isn't dead.
Like don't, there's plenty of things that like holding a fucking token gated item to something.
The problem is the way they've spun it to us for four years is pretty much wrong.
So I'll go back to saying loud punks is the only important NFT that's ever come out.
You know, it's like just real simple.
It's tied to something.
And yes, rolling loud might be bankrupt in the next 24 months.
Like they're on pace to, you know, and if they do, then that thing goes to zero.
And if you bought it for a thousand dollars in the last week of his existence, you'll
be one of the few people that lost money on it.
You know, but there's not, there's really nothing else that's done like the same kind last week of his existence you'll be one of the few people that lost money on it
you know but there's not there's really nothing else that's done like the same kind of thing like
token gating blockchain those are important as like you know like this whole thing we learned in four years that nfts are a joke but blockchain is important you know learn that meme coins
fucking for the most part are all going to zero but bitcoin's important like you know like that was the thing it's just smoking mirrors for the rest of it you know yeah i think
they always the interesting thing is everybody acts like you know businesses and everybody else
have to operate their blockchain on you know bitcoin or ethereum or any of these they don't
they can they can make their own blockchain that's what a lot of people don't really think about too so like really but a lot of them don't
even need to like you know what you really need to do is have an important product like people
just try to solve too many things in web 3 that weren't yes yes like you try to build something
to fix something that wasn't a real problem therefore that was the problem with your business
yep like like with the with the launch pads, for instance,
just launching token after token after token meme coins.
They're like, oh, that's solving a problem.
It's not solving a problem.
It's rapidly destroying the space
because it's accelerating the destruction of the space.
Like somebody could have written a script
to launch meme coins two years ago before PumpFun
and done the same exact thing.
Like you don't actually have to have a launch pad to do it you just have to have the skills to do it exactly
you know we could have got devs and launched 50 000 meme coins every single day before pump fun
ever existed like yes it's giving it a platform yes it's a marketplace for it but you know like
that's all it really is well it allowed non-devs to step into the space and start rugging people, like people with real bad intentions.
Sure.
And I think that that's something that a lot of people tend to ignore.
That's like saying that, like, fucking, you know, the grocery store allows non-chefs to make meals that they sell as hot plates on Facebook groups.
You know, like, there might be some good ones that come out of it.
Like, you know, like, there might be somebody making some
killer barbecue for $30 a plate on
Facebook groups, but, like,
you know, I'm not going to give credit to Facebook or the
grocery store for allowing that to happen.
Yeah.
Yo, what?
Sorry, Will. Sorry, go ahead.
No, you're good. You're good. Go ahead.
No, I'm going to switch the subject. Chicago, can you TLDR what this guy was posting from Urban Necessities?
Jay?
I just talked to him a couple hours ago.
What's the update well he posted on his instagram signing some contracts some shit basically he's voluntary he's making it public that he's
voluntarily walking away from the company they're not communicating like the guess is that you know
they're either going to bankrupt the company or
they found a buyer for it that's why they're going to sign this thing so that he can walk away so they
can do it because you can't sell the business without it you can't do anything without him
but like i mean the business is toast like i don't know what
if somebody's buying it i couldn't imagine like if urban necessities is getting bought and that's
why they're pulling this right now then it's one of two things it's either like every nft project
that you go own that dumped it off to somebody so they could dump the whole thing and the liability
moves or i mean really that's like the only fucking option like like that brand like i mean
maybe it's salvageable but you don't really like need it.
Like the brands tarnish, like the main thing you have is a lease inside of a mall and no
way to really make rent in today's market.
I was just telling them today, like if you literally took that whole store, pulled every
shoe out of it and just did nothing but sold $99 labooboos cause you're in Caesars mall,
you could actually wing the bill right now of the whole mall.
Like all your rent and all your bills would get paid because you could easily make six figures
a month taking what 3 000 square feet and just saying all we have is four boxes in the front
here's your la boo-boos and clothes for your boo-boos that would literally do it yeah why
won't they do that they don't want to pay that shit, bro. Yeah, but they don't really come in.
This is the beauty of America.
It's kind of like NFTs.
It's just like an LLC.
You have an LLC.
It goes bankrupt.
Sorry.
That's it.
Your personal liability only goes so far.
If I'm them, hypothetically, morally, I don't.
If I have to pick what's's smartest move right now, yeah,
just bankrupt the whole fucking company.
Like it is what it is. Like don't pay the consignors.
Don't pay anybody.
Just bankrupt the company.
Like Jay doesn't want that to happen, but he has no control over it.
You know, it's like, it just is what it is,
but I don't know what's going to come of it all.
Like it's a lot of headache. I mean, due diligence and good lawyers are probably the most important lesson
in all this shit in the first place.
Like, same thing, like, it should have been here,
but for some odd reason, the Howey test doesn't apply to NFTs.
They just decided, yeah, they just decided to legalize whatever
because it's on chain.
Like, this goes back to my old thing of, like like three years ago i used to say like nfts like
the logic people had was the same as like walking through a casino in vegas seeing a chick and she's
like hey you want to buy my nft it's only 400 bucks and you're like what's the utility she's
like we can fuck like sorry that's still prostitution but like hypothetically
you could like argue it's like different or like old school days of like you could you're right
yeah like i bought weed on craigslist in denver 10 years ago and like hippie dude shows up and
he's like well listen man i can sell you this pen for 200 bucks and if we're friends i want to gift
you something it's like i hand him 200 bucks he's like all right well now that we're friends bro i
want you to have some of my medicine it's like thanks bro like whatever makes you happy doesn't really
change the law it's like a weird spot but that's what's going on that's exactly i mean we've been
talking about since the beginning and that's basically a crime is legal right and that's all
it is we've eliminated the middlemen we've eliminated the. We've eliminated the middleman. We've eliminated the pin. We've eliminated the NFT.
And we've just gone straight to crime.
There's no more.
There's no more.
Unfortunate, bro.
And most of us, myself included, gave people too much credit in this world before this all happened because we were stuck in a cage wearing masks and lied to.
Yep.
You know, it just is what it is.
Like NFT boom could have never happened if it weren't for perfect
perfect perfect on timing we were stuck inside they gave poor people money they gave scammers
more money and then they said you can come out of the house and this is what's hot like what relevance
like what conscious did you have of that like there wasn't even concerts going on when they
started the whole nft wave again like they were debating whether or not we were going to go out
be able to go out for live entertainment but gary was telling us that this was the new way for
artists to finally become rich off royalties that built entitlement
i'm not gonna lie i was wrong you know i might have made a lot might have made a lot of right
moves but i was still wrong about the overall otherwise i would have pieced out with this
and made a couple billion bucks
in illegal crime.
Speaking of illegal crime...
No such thing as illegal
profits. It's all legal.
It's all legal.
Go ahead, continue. Speaking of
illegal crime, I'm waiting for the
punchline. It's only illegal if you I'm waiting for the fucking punchline.
It's only illegal if you can't pay for it, boys and girls.
Just saying.
Yeah, that's it.
This is where it all comes down.
There's plenty of things that aren't against the law,
but if you have a moral compass,
you're kind of fucked from being able to participate in them.
And if you don't, I don't know.
It just is what it is. I don't believe in God, but I believe in karma because it's an extension of math.
I do think that there's a lot of people in this space whose kids are going to come out retarded with one leg and fucking their wives are going to fucking leave them two years later.
Yeah, I can see that.
I can see that.
It's just karma.
I don't know.
One way or another, shit works itself out because it's pretty much an extension of math even if it doesn't run one for one perfect
and i mean kind of look to what risk was saying too i mean and what you were saying earlier also
this is true i talked to profits about it the other day i literally was saying the same as
that thing i was like all these people that are robbing people i'm like they still 50 100 million
200 million they go in front of a judge they're gonna spend probably one or two
million to go and get off the charges that's going to be the restitution they're not going to pay
anybody any of that money back there's going to be no repayment maybe spend a little bit of time
in jail maybe get off and get house arrest and then go on about their business and do it again
if you believe in karma at some point like like i said like you know their wives are gonna cheat
on them and they're gonna wonder if it was all because they burned people in the nft space and
like whatever it is like not everybody's gonna get fucking one-to-one on this but
it's just life i mean i don't know if you can sleep well at night knowing the shit you did
then like your life's boring enough that the money doesn't mean you you just need enough money to pay your pay your dues right that's all you need you need
enough money for a good lawyer and enough money to pay your funds so you just have to hyper rob people
yeah that's exactly what it is yeah he look even if a line got found guilty for something or
something happened to him whatever like i don't know if he's committing any crimes.
He's not paying $1.5 billion in restitution, that's for sure.
Exactly.
He's walking away with the bag and paying like a couple million, maybe 10, right?
Out of the whole thing.
The government's just going to have their hand out and be like, hey, we want to cut, and that's it.
Either way, they can take whatever they want.
They can fucking make whatever judgment they want.
There's still a piece that's beyond it.
Like, if you have a conscious, you know what's up.
And if you can fucking subside that all the way to your deathbed and feel good about yourself, then so be it.
And, you know, go ahead and enjoy the money.
Like, you need it more than somebody else is what it is.
A lot of people traded that.
They traded that conscience and they traded that, you know, I guess want to, I guess they
don't feel anything anymore.
I think that's really what a lot of people have gotten to.
And really, that's what this space really brings a lot of people to.
I've noticed it.
It brings a lot of people that just get messed over, messed over, messed over, and it turns
them into stuff like that.
Yeah, everybody's doing it.
Why don't I?
Yep. Yeah, that's the issue with it like it is what it is like it's like people trying to say there's
any value in most of this like every meme coin's a one in one out like you're gonna get feet out
like you're only beating somebody else like it's a poker game not like a way to build money
you sell an error to somebody else and somebody else is paying for it and one person
comes out with more than they started with sitting at a poker table and there's shitty poker players
every day and then there's cheaters every day at a poker table both apply that too yep that's that's
that's what we call the bundles right the cheaters are the bundles yeah hey but it's fair game man
it's fair game listen listen and if more morally
you believe in like the fair game of that like you know if you believe signaling at a table when you
don't get caught is still okay then by all means we just got a different moral compass that's all
like you know i'm not knocking it like i wish i fucking wasn't raised right or i'd be fucking
owning everybody here's fucking money in this whole fucking space i told profits the same thing i was like bro i could i could rob the whole space if i wanted to yeah i love my mom and i hate
my mom for it like it is what it is and i'm not i'm not bragging i'm literally just i'm saying
the truth like it's you watch people with like really low iq that rug people every single day
and people just come right back to them and some of them it's the best option they would have ever
found because they would have never been able to do something themselves
like i'm not sitting here calling it right but i'm still sitting here saying like you know it
was their best option it was like uh you know it's like the kids who probably shouldn't have
gone to the military but do versus the kids who should go to the military
some of them it's the right move and some of them just get hosed into something else and that goes
with anything man yeah any career your parents pushed you the wrong way to go into something because they did it you
felt fucking obligated you have two hundred thousand dollars in college debt because your
parents didn't graduate fucking high school and they forced you to do it now you make thirty one
thousand dollars and pay off fucking loans like you know it is what it is but the american dream is changing yes i'm not gonna make another fucking
israel joke ha oh my goodness um thank you guys for coming today i said i put the uh link at the
top go ahead and uh set reminders for tomorrow We have a special guest pulling up tomorrow.
He's a really big trader, profitable trader, not a LARP either.
Pretty excited to bring him in.
Chicago, thank you as always for pulling up.
Melina, Ralph, Risk, Coke, everybody in the crowd, I see you.
It's, hey, five fucking months of the year, six months of the year.
Lock the fuck in, baby.
Change your life.
Change your fucking life.
Information changes situations.
Will, any last words?
No, no.
Just, you know, when you watch your favorite trend streamer,
just understand that they probably got, you know, 90% bundle.
And they're going to pretend to find the coin,
and you're going to jump in and follow them.
Have fun.
There you go.
Learn how to really trade.
