Latest / CRYPTO 101 / Crypto Rundown: Is This End for Crypto?!... No & Here Is Why!

Transcript

Crypto Rundown: Is This End for Crypto?!... No & Here Is Why! · CRYPTO 101

0:08
[SPEAKER_02]: Alright everybody welcome back to the crypto 101 podcast presented by Gemini your bridge to the future of money and if you're here You were in the right place.
0:17
[SPEAKER_02]: If you're here, you're somebody who's not afraid of a little adversity You are not somebody who said this is supposed to be easy.
0:24
[SPEAKER_02]: You're somebody might be looking for answers might be looking for education
0:28
[SPEAKER_02]: Or might be primed in the right position to take advantage of the volatility that you're seeing on the screen.
0:34
[SPEAKER_02]: I'll tell you what folks, most people might see this volatility and say, hey, we're not going to stick to the schedule of doing three to four episodes a week.
0:40
[SPEAKER_02]: We're going to back away from our takes because it's too much to bear.
0:44
[SPEAKER_02]: Not us, not the crypto 101 podcast, not Brian and Joe showing up on a Friday.
0:49
[SPEAKER_02]: And I'll tell you what, boys, not the family of the crypto 101 podcast YouTube.
0:57
[SPEAKER_02]: right off the jump because they want to know what's going on.
1:01
[SPEAKER_02]: We do this together.
1:02
[SPEAKER_02]: So if you're new here guys on the bottom right, there's a picture of our logo, hit it, subscribe, give the video alike.
1:08
[SPEAKER_02]: We're coming with all the fire power today.
1:11
[SPEAKER_02]: We're gonna go over the history of Bitcoin declines.
1:14
[SPEAKER_02]: We have some interesting information around realized losses at an all-time high.
1:18
[SPEAKER_02]: RSI levels are at the end of what we've seen in past bear markets.
1:23
[SPEAKER_02]: The fear and greed index might be broken to the downside.
1:26
[SPEAKER_02]: We are an extreme fear.
1:28
[SPEAKER_02]: We've got more stuff on some Bitcoin loans, Solana ETFs.
1:32
[SPEAKER_02]: We've got some presidential tweets coming out as we always do.
1:35
[SPEAKER_02]: And then Brian and Joe are going over the top,
1:37
[SPEAKER_02]: News in the momentum money maker side some of the top news of the memes and the NFTs But I got to tell you guys they've had some winners in the last two weeks as well People might not believe that but it is absolutely true if you've been in their group you have seen the calls Even one there's blood in the streets these guys are finding one two Exes it's unbelievable Brian and Joe welcome back to the show Brian.
1:58
[SPEAKER_02]: We were here earlier in the week Trying to calm down trying to find some answers.
2:02
[SPEAKER_02]: It's still hectic out there But again, we faced the music we show up how are you my friend happy Friday
2:07
[SPEAKER_03]: a man, what an intro there.
2:09
[SPEAKER_03]: I don't even need to say anything.
2:12
[SPEAKER_03]: It was so perfect, but hey, I'm doing well Friday, definitely get touch a little bit of grass.
2:17
[SPEAKER_03]: I know we're down a little bit since we last talked and you know, some reasons, you know, why some, everyone's kind of, you know, scramble in a little bit, fear and greed and then all time low, but we're here to talk through it with everyone and you know, answer as many questions as we can about the market.
2:35
[SPEAKER_02]: Yeah, and then Joe, we haven't had Joe in a run down a while.
2:38
[SPEAKER_02]: We know you've been traveling, doing a lot of research, pounding the streets, but you're here to deliver us what you've seen around the world and your takes.
2:46
[SPEAKER_02]: How are you, my friend?
2:48
[SPEAKER_01]: I'm, I don't know.
2:50
[SPEAKER_01]: I'm like the opposite of everyone.
2:51
[SPEAKER_01]: I'm doing great.
2:52
[SPEAKER_01]: Maybe because I came back from a two week vacay.
2:54
[SPEAKER_01]: Even though it's markets are not favorable and a near term, but I'm super excited.
2:59
[SPEAKER_01]: Maybe it's all due to YouTube.
3:01
[SPEAKER_01]: When we have a self-promotionary, we have a hedge fund sum of coming up.
3:05
[SPEAKER_01]: I've interviewed like four fire.
3:08
[SPEAKER_02]: projects company CEOs I'm like I don't know what the market's doing because I'm just too busy talking to people about building you know and that's what people do the great companies build during all times right no matter to market yep no hundred percent and I had all my friends this is the we've talked about this with Brian it's like you know there's the top signals of when people are asking should they buy now we're kind of getting to actually the opposite end of that where people are
3:34
[SPEAKER_02]: people are making fun of me.
3:35
[SPEAKER_02]: I've been going to some dinners.
3:36
[SPEAKER_02]: I've been out and about.
3:37
[SPEAKER_02]: I'm where I listen.
3:39
[SPEAKER_02]: I'm sorry.
3:39
[SPEAKER_02]: I came into my office this morning.
3:41
[SPEAKER_02]: I'm sorry.
3:42
[SPEAKER_02]: Is the lights still on?
3:43
[SPEAKER_02]: Does the lights still work guys?
3:45
[SPEAKER_02]: And it's still on.
3:46
[SPEAKER_02]: Let me tell you.
3:47
[SPEAKER_02]: It is.
3:48
[SPEAKER_02]: Listen, if you're if you're crying over some spilled milk.
3:51
[SPEAKER_02]: about a 30% decline.
3:53
[SPEAKER_02]: You haven't been in the industry long enough.
3:55
[SPEAKER_02]: You haven't been in the depths of a bear market.
3:58
[SPEAKER_02]: You haven't gone through an FCX collapse where it's on the major news networks across the country where your own mother calls you and says, hey, I know you're into that Bitcoin thing.
4:06
[SPEAKER_02]: Do you still have a job?
4:08
[SPEAKER_02]: Are you still employed?
4:09
[SPEAKER_02]: Guys, listen.
4:10
[SPEAKER_02]: I know it's hectic.
4:12
[SPEAKER_02]: I know it's troublesome, but again, we have a awesome community here and whether you're inside the community of Crypt Nation or you're part of our YouTube community or podcast community.
4:20
[SPEAKER_02]: We really do appreciate you for showing up.
4:23
[SPEAKER_02]: You've heard me over the time say some things repetitively and one of the things that I do say a lot is
4:27
[SPEAKER_02]: the prices go up, the numbers go up.
4:29
[SPEAKER_02]: The downloads come in, everybody starts listening.
4:32
[SPEAKER_02]: And we're honest here at the Crypto101 podcast.
4:34
[SPEAKER_02]: Prices go down, listen or ship drops.
4:37
[SPEAKER_02]: So if you're here, you're in the right spot, because you're gonna look back to these episodes, three, six, nine a year out, and you're gonna say, wow.
4:45
[SPEAKER_02]: remember when we were talking about the stuff remember what we broke down about the opportunities we're here to do it so let's break this down some of this stuff might be a little repetitive from what Brian and I talked about but i think it's just really important to hammer home and some of it's gonna be new so i'm gonna pull up this chart here guys we're around we're below this at this point we uh we hit what eighty this morning
5:05
[SPEAKER_02]: So we're about like 35 to 37% from all-time highs in early October.
5:10
[SPEAKER_02]: The biggest drawdowns in April, we remember that.
5:13
[SPEAKER_02]: If you're a listener, man, my Slack's going crazy.
5:15
[SPEAKER_02]: Come on guys, don't we know we're live?
5:17
[SPEAKER_02]: Don't we know that we're a live company on air right now?
5:20
[SPEAKER_02]: Unbelievable.
5:21
[SPEAKER_02]: Let's pause that and get back to the show.
5:23
[SPEAKER_02]: 36, 7% from the all-time highs.
5:25
[SPEAKER_02]: We've seen this before.
5:27
[SPEAKER_02]: If you're a long time listener, you were here with us in April, and we covered the same thing.
5:31
[SPEAKER_02]: So guys, I want to toss it to you.
5:32
[SPEAKER_02]: Brian, does anything jump off at this chart?
5:35
[SPEAKER_02]: kind of going back again, the early days of Bitcoin 2010, 2011, I personally don't think that's too comparable to today.
5:42
[SPEAKER_02]: But again, once you hit 15, 17, 18, 20s, and then you can see we've done it in 24.
5:47
[SPEAKER_02]: We've done it in 25.
5:49
[SPEAKER_02]: So again, like the returns do all time highs are ranging from 40 to, you know, 1500, 500% in that time frame.
5:57
[SPEAKER_02]: So does anything jump out from this chart to you that we haven't spoke on yet?
6:01
[SPEAKER_03]: I mean, I think the point to him at home is there's volatility in the crypto market.
6:05
[SPEAKER_03]: That's a big reason why we all are attracted to it as well, because we love it when the price goes up massively and fast on bullish news, but we can always come back.
6:15
[SPEAKER_03]: There's a lot of reasons why that these pullbacks are not necessarily a horrible thing.
6:20
[SPEAKER_03]: It's something that flushes out.
6:22
[SPEAKER_03]: Some wongs, it kind of re-stabilizes the markets and it gives us a better entry.
6:28
[SPEAKER_03]: Fundamentally, I'll pre-just, screamous from the hilltop, nothing has changed with Bitcoin in the crypto currencies.
6:35
[SPEAKER_03]: And like Joe said, we're talking with founders.
6:38
[SPEAKER_03]: and people building in the space, utilizing blockchain and utilizing the Web3 world to make a better world.
6:45
[SPEAKER_03]: This is very disruptive technology and of course it's going to succeed.
6:50
[SPEAKER_03]: But we have these pullbacks.
6:51
[SPEAKER_03]: Nothing goes up in the straight line.
6:53
[SPEAKER_03]: I personally did think we were going to chop for quite some time.
6:56
[SPEAKER_03]: We were and maybe have some pullbacks and probably not as aggressive.
7:01
[SPEAKER_03]: But people are scared now.
7:02
[SPEAKER_03]: It does feel
7:05
[SPEAKER_03]: I don't want to sound too stupid, but it does feel very bottom here.
7:11
[SPEAKER_03]: It really does.
7:11
[SPEAKER_03]: It's not to say that we won't go a little lower, but specifically today, and yesterday, people are talking about shorting, shorting this, shorting that, shorting the market.
7:24
[SPEAKER_03]: If we were going to short, we probably should have did it a couple weeks ago, obviously
7:33
[SPEAKER_03]: Whenever this really started going even a week out would have been like a great short I don't think it's the time to short right now I think we're flushing out and you can see we have these pullbacks But then we have these V shape recoveries and I do think we're gonna get a nice recovery But we might be in some pain
7:53
[SPEAKER_02]: Yeah, Joe, and this is your first time speaking on this chart, this topic kind of at a macro level.
7:57
[SPEAKER_02]: So anything for the listeners, we've got some people in Johnny's looking for the vibes.
8:01
[SPEAKER_02]: Johnny's all the way listening from Canada, so can you give John up in Canada some vibes on this chart, Joe?
8:09
[SPEAKER_01]: Yeah, overall bullish.
8:11
[SPEAKER_01]: Well, because the red is highlights the decline, right, which is a far larger, which you alluded to, Tivo, you know, of the 30% drop that we're seeing, it's tempered by all measures.
8:24
[SPEAKER_01]: Like sayler went on, I don't know, was fortune or whatever, and he basically said,
8:29
[SPEAKER_01]: The volatility is going to come down during time as institution helps stabilize the markets.
8:34
[SPEAKER_01]: And we're seeing that I just typed in to JetGBT, the daily volatility of Bitcoin today is 3.4% about twice that of gold and twice that of the S&P 500, which, you know, it seems on part of what's going on in the market.
8:48
[SPEAKER_01]: We look started out a year to now, it's only down 13, 15% starting 2025 and 22 to end of 2025.
8:53
[SPEAKER_01]: We're not even at the end of 2025 yet.
8:56
[SPEAKER_01]: With the highest IQ person ever recorded saying that we're 45 days away from a $220,000 Bitcoin.
9:02
[SPEAKER_01]: So we come back for the live stream at the end of year with this, this may, I may be wrong because we may not be down 15%.
9:08
[SPEAKER_01]: We may be up, but yeah, I've been through this roller coaster.
9:12
[SPEAKER_01]: So this is not even a roller coaster.
9:13
[SPEAKER_01]: This is like a toddler Disneyland ride, which I went on a lot on during my trip this last two weeks.
9:20
[SPEAKER_02]: I love that guys.
9:21
[SPEAKER_02]: And exactly that's why you're here.
9:22
[SPEAKER_02]: That's part of what I always try to
9:24
[SPEAKER_02]: You know, tell the people that are new is like, hey, this is the community.
9:27
[SPEAKER_02]: Johnny from Canada just said he just finished watching the newsletter from Moment of Money Makers and he's hyped to see us live.
9:33
[SPEAKER_02]: This is what we do.
9:35
[SPEAKER_02]: This is our career path.
9:36
[SPEAKER_02]: We're here in the highs.
9:37
[SPEAKER_02]: We're here in the lows.
9:38
[SPEAKER_02]: But let's go over some other information that we haven't gone over this week.
9:41
[SPEAKER_02]: I thought this one was interesting.
9:43
[SPEAKER_02]: It's Bitcoin capitulation.
9:45
[SPEAKER_02]: So short-term holders that are underwater, short-term holders, so again, long-term
9:54
[SPEAKER_02]: of short-term holders were at a loss.
9:57
[SPEAKER_02]: 2020 to the FTX class, some of you might remember that.
10:00
[SPEAKER_02]: 94% were in a loss, and Bitcoin is at $16,000.
10:05
[SPEAKER_02]: We were making podcasts back then.
10:08
[SPEAKER_02]: My, oh, hand up, my own mother was calling me again.
10:10
[SPEAKER_02]: Like I said, the open of the show, the wondering if I still had a job.
10:13
[SPEAKER_02]: That's a true story.
10:15
[SPEAKER_02]: But Bitcoin was $16,000, 94% in a loss.
10:18
[SPEAKER_02]: We were still here at the Crypto101 podcast pumping out episodes.
10:20
[SPEAKER_02]: Today,
10:21
[SPEAKER_02]: at $89,000 per big one, which again, it's lower now, is at $89,000 a lot.
10:27
[SPEAKER_02]: So I guess you have to go and say short-term holders are at, could, I guess it depends on the stats.
10:32
[SPEAKER_02]: It's say what a short-term holder is.
10:34
[SPEAKER_02]: So I keep moving away from the mic.
10:35
[SPEAKER_02]: It doesn't give us the exact dates here.
10:39
[SPEAKER_02]: So they're saying from,
10:42
[SPEAKER_02]: Yeah, I guess we don't know how long whether it's like, you know, four weeks, three weeks, three months, whatever, but they're saying that 99% we're at a loss at 89.
10:49
[SPEAKER_02]: So if we're down at 82, it's got to be 99.9 at this point.
10:53
[SPEAKER_02]: And another thing similar to this, this is the realized loss.
10:57
[SPEAKER_02]: So this is people that are actually selling Bitcoin at a loss.
11:00
[SPEAKER_02]: Bitcoin's realized loss surges to levels last seen during the FTX collapse.
11:05
[SPEAKER_02]: Let's pull this bad boy up.
11:07
[SPEAKER_02]: Absolutely skyrocketing.
11:09
[SPEAKER_02]: absolutely skyrocketing and beating there.
11:11
[SPEAKER_02]: So like let's we'll have to see again this last did a little longer than we are now or we added the wood jet nobody has that crystal ball.
11:18
[SPEAKER_02]: We're trying to gather as much information as we as we can.
11:21
[SPEAKER_02]: And let me pull up the uh what should we go from here a little fear greed index just to check it out we can click around those and then I do have a clip for us.
11:28
[SPEAKER_02]: So let's share this bad boy.
11:30
[SPEAKER_02]: We are at 11.
11:32
[SPEAKER_02]: We're an 11 on point market cap, everybody.
11:36
[SPEAKER_02]: I've seen some, I think one indicator was like an eight or nine.
11:41
[SPEAKER_02]: So again, it doesn't, it really doesn't get much lower than this.
11:46
[SPEAKER_02]: Brian and I have tossed around the fear and greed for a while.
11:50
[SPEAKER_02]: Here's another one that Crypto's R Us posted.
11:53
[SPEAKER_02]: FTEX claps on his was a 12, we're at nine now on his.
11:58
[SPEAKER_02]: Joe, what are we doing here?
12:00
[SPEAKER_02]: I mean, is this the needle is going to break?
12:02
[SPEAKER_02]: You see that meme right over the needle on the fear of the next break?
12:05
[SPEAKER_02]: Yeah, it's like we're getting close.
12:08
[SPEAKER_01]: Yeah, I saw, I saw today, as I was doing my market update, deferred and agreed index for the SNPs at a five.
12:14
[SPEAKER_01]: So it's even lower for macro markets.
12:15
[SPEAKER_01]: They wipe the trillion dollars in the last 24 hours.
12:19
[SPEAKER_01]: I see that as an indicator for myself, I talk about out of time with our private community.
12:22
[SPEAKER_01]: When this swings to this side, I'm buying, when it swings on the other side, you're rotating into diversified portfolio.
12:32
[SPEAKER_01]: That's what people should do in terms of, depending on the financial appetite and portfolio.
12:37
[SPEAKER_01]: So I'm sorry to say that I use this as a personal indicator.
12:43
[SPEAKER_02]: Yeah, and then Brian, you got anything to add as this thing just slowly but surely keeps going down.
12:49
[SPEAKER_03]: It's a shockingly low to me and I get it.
12:54
[SPEAKER_03]: We're all fearful.
12:55
[SPEAKER_03]: We don't like to see it go from 122 to 82.
12:58
[SPEAKER_03]: Nobody likes that.
12:59
[SPEAKER_03]: And that's a huge swing.
13:01
[SPEAKER_03]: And there's a lot of questions out there why this is happening.
13:04
[SPEAKER_03]: And you know, we can point the finger at a few catalysts that here and there.
13:08
[SPEAKER_03]: But nothing like you alluded to earlier about like an FTX collapse or when stuff was like really ugly and I say I use that time because I've been in crypto for a long time the FTX collapse I felt low that was that was a real fear and greed for me extreme fear and grab I was like the whole world just got rug Tom Brady is on the news right now Like lost 300 million if it was true or not or however that happened those were real headlines
13:36
[SPEAKER_03]: it was tough waking up every day and in face in the music because it was scary doesn't feel like that right now this is an all-time low fear in your fear and greed for the year i get it but it doesn't feel that way in jout jout at the now on the head i think this is when we really start not finding a true advice one clear for that by i i'm personally looking to doll cost average in in it may go a little lower but
14:00
[SPEAKER_03]: How low can this go?
14:01
[SPEAKER_03]: We're we're we're bottomed here.
14:03
[SPEAKER_03]: It people are asking me how to short like I'm getting text messages from guys that never have long So that's it's it feels like we're finding a bottom.
14:13
[SPEAKER_03]: So the feeling reads low, but I don't know I'm not too shaken up personally.
14:18
[SPEAKER_03]: Maybe I'm crazy.
14:20
[SPEAKER_02]: I think the this is a good like thought I've been thinking that I've been going through is like
14:26
[SPEAKER_02]: The FTX thing was really low because it was so much national news.
14:32
[SPEAKER_02]: And then the tear thing was low.
14:34
[SPEAKER_02]: But I think definitely for everybody that was around for that.
14:37
[SPEAKER_02]: You remember listening to these shows and being part in the community.
14:40
[SPEAKER_02]: We saw through that, like we knew the fundamentals didn't change in this storyline.
14:45
[SPEAKER_02]: We kind of, you know, as a team, we're like, it's kind of BS, like, you know, this isn't going to crumble the, you know, the world economic order, like this is a huge overreaction.
14:54
[SPEAKER_02]: And then people start getting un-wound and all that, but like you had a fundamental thesis of seeing through the volatility.
15:00
[SPEAKER_02]: I think what's bothering people a little more, and I'd love your thoughts on this, because I've had trouble, I'm having trouble just right now myself, is like the fundamentals for our thesis on Bitcoin, Ethereum, and so on.
15:10
[SPEAKER_02]: Like that hasn't changed, and we have the stats to back that up.
15:13
[SPEAKER_02]: No crazy selling from I bit that we're gonna touch on the salani ETFs that have nothing but inflows for last two weeks Well salana's falling off the table so it's like okay the volatility's here the price actions awful and the fundamentals haven't changed But how do I see through this what's causing this and like you don't you don't necessarily have all the answers is what I came up with like Sometimes you just wake up and you see the markets are up and down and you're trying to find the news and you can't figure it out
15:40
[SPEAKER_02]: And you got to remember that you're trading against a lot of like algorithms, right?
15:44
[SPEAKER_02]: You're trading against a lot of robots, these robots, made robots that made these algorithms and now they're trading against each other.
15:50
[SPEAKER_02]: And I use the stock market a little bit as a gauge, because yesterday there was this huge crazy sell-off Amazon's down, Google's down, everything's down, and then today everything's up, it's up, it's like, I don't know what's changed last 24 hours, and there's just a lot of these algorithmic traders going after each other.
16:06
[SPEAKER_02]: So again, I think that's kind of a part of it and then in that the big swings you got to look kind of past that, but then do you guys have any thoughts on what's going on in the broader sense and seeing through it?
16:19
[SPEAKER_03]: I'm, I'm just going throw a few things in here and tell it and then kick it over to Joe.
16:24
[SPEAKER_03]: I think back with the tariff trade, Tvo, like you bring up is that we knew kind of the solution was is just like handle the tariffs, like we fixed that and the market comes back and that was, that was the catalyst to get us out of that current slump.
16:39
[SPEAKER_03]: We saw a path there.
16:41
[SPEAKER_03]: Right now, it doesn't feel like there's one catalyst.
16:44
[SPEAKER_03]: to get us out of the current drip and what we're seeing and why it's so low and I think that's why it's concerning.
16:50
[SPEAKER_03]: But when I really think about it, I mean, at the end of the day, it really started on October the 10th.
16:55
[SPEAKER_03]: We were like 120,000 and I was doing kind of my own thought process about this because wanted to really understand what's going on.
17:04
[SPEAKER_03]: And we saw some massive declines from that point on right to where we are.
17:09
[SPEAKER_03]: And you said, like you said, we're trading against some algorithms.
17:11
[SPEAKER_03]: There's a lot of volatility in the alt right now.
17:17
[SPEAKER_03]: And then when we talk about like the deaths as well, this that bubble seem to have had a little bit of a burst.
17:23
[SPEAKER_03]: And that's caused, you know, the deaths were 1,500 and these deaths were in them up to 5 grand.
17:28
[SPEAKER_03]: Right now,
17:30
[SPEAKER_03]: We're kind of pulling back and some of these dats are selling.
17:33
[SPEAKER_03]: So that's causing a little bit of anx in the market in addition to that Bitcoin right now.
17:38
[SPEAKER_03]: We had the Fed rate cut.
17:40
[SPEAKER_03]: There was a really high possibility where they get another cut.
17:43
[SPEAKER_03]: Then that kind of got baked in and it looked like we weren't going to get another cut.
17:46
[SPEAKER_03]: we have the unemployment numbers going up.
17:48
[SPEAKER_03]: I think they're like four or five percent.
17:50
[SPEAKER_03]: So this is all causing these odd catalysts in the market, but there's no real kind defined catalysts to get us out of it.
17:58
[SPEAKER_03]: Think the first step would be to get a cut and December would be really nice.
18:01
[SPEAKER_03]: Go ahead, Joe.
18:03
[SPEAKER_01]: Now, you said it, but the market split though.
18:06
[SPEAKER_01]: We are over leverage as a, as a, as a lot of traders are, we have a five times lever ETF just proposed to the SEC, we're adding, we're accumulatively, we have, had a trillion dollars in terms of margin debt.
18:20
[SPEAKER_01]: And there's a chart that just goes straight up to the right from 1998 to today where we just the margin that is just ballooning.
18:26
[SPEAKER_01]: So the market split in half right exactly to what Brian was talking about and I just throw one more thing in there.
18:31
[SPEAKER_01]: The search for the AI bubble is at all time high.
18:34
[SPEAKER_01]: So people are scared yet some people are not scared to take in the more risk at the same time.
18:39
[SPEAKER_01]: So it's kind of split in the middle there.
18:42
[SPEAKER_01]: And what I personally see, this is my personal opinion for this entire year.
18:44
[SPEAKER_01]: We're pretty bold on for crypto market overall.
18:47
[SPEAKER_01]: And a lot of people that I
18:49
[SPEAKER_01]: They're buying Bitcoin ETFs.
18:50
[SPEAKER_01]: They're buying this stuff, but they have no idea about the fundamentals of Bitcoin.
18:53
[SPEAKER_01]: They're just buying it because it's available inside the Roth.
18:56
[SPEAKER_01]: It's available inside their fidelity for the first time ever.
18:59
[SPEAKER_01]: But do they know about, you know, people get in deep banked and being your own bank and the value proposition of Bitcoin answers?
19:06
[SPEAKER_01]: No, they're just buying because everyone's doing it.
19:08
[SPEAKER_01]: And we're seeing a lot of those retail investors get out, which is great because you want to shake out to weaker hands and build a stronger foundation.
19:14
[SPEAKER_01]: So that's where I'm at.
19:17
[SPEAKER_02]: Yeah, I think it's all grade points fellas and then I'm going to pull up a chart that you brought to us just the RSI stat of the RSI stat of the day so the RSI is so low that it's ticking almost the point of what we saw in bear market so do you want to explain this to the beautiful people.
19:36
[SPEAKER_01]: Yeah, I'll point it back to you that first tweet that you mentioned, right?
19:40
[SPEAKER_01]: The 2022 and 2020, like 90% plus or people are at a loss, and that's exactly what we see here.
19:47
[SPEAKER_01]: The COVID 2020 and 2020 to exactly those times that you mentioned is when RSI is at the lowest point ever, is typically when you come out of a bear market.
19:57
[SPEAKER_01]: So basically, we're supposed to be at the end of the bear market.
20:00
[SPEAKER_01]: But we're only at all time highs six weeks ago.
20:04
[SPEAKER_01]: So the market is acting a bit irrational compared to those previous points of or three points of our size being low.
20:13
[SPEAKER_01]: So you mentioned before we start recording that this is the fastest bear market in the world because people are calling for it to be out.
20:18
[SPEAKER_01]: and the RSI indicator, you know, if you base off of previous historical, you know, data, that seems to be true.
20:24
[SPEAKER_01]: So we either entering in a little bit more, you can see that there's a little bit more room to go lower there for in terms of RSI, but we may be out of it, which is hilarious, right?
20:33
[SPEAKER_01]: And, but, Tentic, but RSI aside, there's nothing fundamentally broken with Bitcoin, right?
20:39
[SPEAKER_01]: There could be something wrong with the Dats, like the ones that take on two leverage, but,
20:44
[SPEAKER_01]: All signs are things are coming on chain, not off-chain, right?
20:47
[SPEAKER_01]: So that's why I'm not, I'm not even shaking one bit.
20:49
[SPEAKER_01]: I don't think even one millimeter, I'm super excited because nothing has changed in terms of blockchain.
20:54
[SPEAKER_01]: It's just all macro news, all macro sentiment, no data across a job stats because their government was closed, it's not clear data, and people don't like uncertainty.
21:04
[SPEAKER_01]: So that's what it is right now.
21:06
[SPEAKER_02]: Yeah, and there's there's a lot of stuff that we've been talking about since October 10th where it was the largest liquidation in crypto history and we've said it on the show and we've been trying to monitor it is like when when the wind event like that happens it means that at least you know you can kind of put the puzzle pieces together is you know probably some market maker blew up right
21:28
[SPEAKER_02]: and they have to cover, and they have to find their liquidity.
21:31
[SPEAKER_02]: And when that happens, that's basically kind of similar to quantitative tightening.
21:35
[SPEAKER_02]: So if market makers are the central bank to crypto, then a market maker blowing up and having to go find its liquidity, is the quantitative toy tightening equivalent to the central bank in the stock market.
21:46
[SPEAKER_02]: And so again, if we pull up kind of just the chart, I mean, you could do this, or with Ethereum or Slon or any,
21:53
[SPEAKER_02]: And he might all go, but if you go to like, here's the October 10th is right, you know, right about here, and then just ask Luke, you know, straight line down a little bit more than a month, you know, 22 percent.
22:04
[SPEAKER_02]: So that was, it's ugly, it's ugly and we kind of, we kind of, I mean, we covered the largest liquidation event in history and we kind of said, hey, this stuff takes a little bit of time to try to figure out the bodies and,
22:17
[SPEAKER_02]: you know again is as much as we like to face the music we hold we try to hold everybody accountable and even though even though he's a friend of the show uh... you know Tom Lee's been having to make the rounds here and kind of do some explaining and there is a good clip of him uh... you know he did a longer interview the other day hair looked decent he looked a you know hair looked decent and the means he's you know got some conviction hopefully but um... heat tomley i'll let you still tell you and his own words but Tom Lee's on the train
22:44
[SPEAKER_00]: that you know some market makers blow up and dare i say he might know who it is even though he won't tell us who has it like who's the day in the market makers and they got hit who's the day well you know Brian I'm I am aware of names but because uh you know I'm not someone who wants to name names
23:08
[SPEAKER_00]: I think what you should keep mind is that this error is that to be essentially a code error because they I think in retrospect they would have called pricing from a cross exchange to accept the price for that stable point rather than relying internal code.
23:25
[SPEAKER_00]: So but this has resulted in a lot of market makers and traders having less capital and
23:38
[SPEAKER_00]: have more capital level, which means they shrink the balance we've heard us.
23:41
[SPEAKER_00]: So this is, and that works like, okay, we can pull it out behind us.
23:45
[SPEAKER_02]: Like, who's the day, and I pulled up a, I pulled up a, I pulled up a speed I saw just before we went live from our friend Matt Hogan.
23:54
[SPEAKER_02]: That Bitcoin is dead.
23:56
[SPEAKER_02]: The Bitcoin is dead, chart that bit wise is tracking kind of a summary and a little bit of a promo for next week.
24:04
[SPEAKER_02]: We had Matt Hogan on yesterday.
24:06
[SPEAKER_02]: And he's one of our personally, you know, we have tons of great guests all year obviously, but he's truly one of my favorite.
24:14
[SPEAKER_02]: He was making the rounds on TV this week.
24:16
[SPEAKER_02]: I just saw him live on CNBC today, and he's spent an hour with us.
24:21
[SPEAKER_02]: And just to tease that episode kind of a summary of all that we've talked about of what's going on, it's something that you're gonna need to listen to.
24:28
[SPEAKER_02]: We're gonna drop it next week.
24:30
[SPEAKER_02]: And he laid out this case that I think is really interesting.
24:34
[SPEAKER_02]: of how, you know, without really knowing it, we've actually gone through a bear market, a similar to what Joe showed with the RSI and how it's bottoming like a bear market, that hooking laid out the selling one case that we've actually been in the bear market and are on the backside of it.
24:48
[SPEAKER_02]: So I don't want to speak for him.
24:50
[SPEAKER_02]: You're going to have to tune into that episode.
24:51
[SPEAKER_02]: I thought those are great little promo tidbit there for next week's episode.
24:55
[SPEAKER_02]: But, um,
24:56
[SPEAKER_02]: there's a lot going on and i think that kind of trying to summarize and all this stuff and it's just so negative and and just don't forget the fundamentals of of what you kind of been looking at and building again if you've been here since ftx there's been a lot of years and a lot of conviction we've been doing episodes during ftx at 16-18-20-25k plus for bitcoin right
25:20
[SPEAKER_02]: So we've come a long way.
25:21
[SPEAKER_02]: Don't lose sight of that.
25:23
[SPEAKER_02]: But remember those feelings, you know, maybe keep a trading journal.
25:26
[SPEAKER_02]: You got to do your own research, but it is trying times, but sometimes it's darkest before the dawn.
25:34
[SPEAKER_02]: And I thought this was fantastic where New Hampshire approves and launches its first ever Bitcoin-back municipal bond.
25:40
[SPEAKER_02]: Let's clap it up for New Hampshire guys.
25:42
[SPEAKER_02]: I mean, you gotta find some.
25:43
[SPEAKER_02]: You gotta find some good news in in weeks like this and I'll tell you this I got family up in New Hampshire and on their license plates it reads live free or die and they'll be living free with Bitcoin back to municipal bonds.
25:58
[SPEAKER_02]: So again, a little tidbit here.
26:00
[SPEAKER_02]: It's hard to find positive news, but an interesting step for state legislature and Bitcoin.
26:08
[SPEAKER_03]: Yeah, I think the guys are not going to move into an amture.
26:12
[SPEAKER_01]: Yeah, I mean, my beautiful fall.
26:16
[SPEAKER_01]: My wife went to college in New Hampshire and you go to today, you will see a giant life side poster for MCPHs, which is a pharmacy school there.
26:23
[SPEAKER_01]: So I've stated in the ham sure, so I brought this, I reported on this news when they broke this week.
26:28
[SPEAKER_01]: So I'm excited about the ham sure I ain't moving there, but I like the ham sure.
26:33
[SPEAKER_03]: I think the biggest biggest thing to hear is that it still hasn't changed that a lot of states, countries, millionaires, billionaires, smart money still wants to utilize Bitcoin, adopt Bitcoin, we're seeing mass of accumulation as well by these huge, new Hampshire.
26:51
[SPEAKER_03]: I mean, utilizing Bitcoin in a very unique way, and even though the price might feel down, we're fundamentally stronger than ever.
27:02
[SPEAKER_02]: Yeah, I love fundamentally strong.
27:05
[SPEAKER_02]: You know what else is fundamentally strong?
27:07
[SPEAKER_02]: These Solana ETFs.
27:08
[SPEAKER_02]: We're having Ryan on this is Ryan from Bitwise as well.
27:13
[SPEAKER_02]: He's coming on to record with us next week.
27:14
[SPEAKER_02]: And I'm really interested to deep dive into these Solana ETFs.
27:17
[SPEAKER_02]: Because even like I said, while Solana is falling out of bed, they've seen 17 days.
27:21
[SPEAKER_02]: Let me highlight this book, 17 days of inflows, while prices drop 25%.
27:26
[SPEAKER_02]: I can't wait to just hear him elaborate on that.
27:30
[SPEAKER_02]: He says it's incredible.
27:31
[SPEAKER_02]: I agree.
27:32
[SPEAKER_02]: Um, Brian, what's that website you like to pull up and look at the ETFs?
27:35
[SPEAKER_02]: Let's let's throw that up.
27:37
[SPEAKER_02]: Well, uh, what was what we tossed this around?
27:40
[SPEAKER_03]: Hmm, I don't have that.
27:40
[SPEAKER_03]: It's the top of my head, but I can find it.
27:43
[SPEAKER_03]: Hold on a moment.
27:45
[SPEAKER_02]: Joe any thoughts on the on the ETF flows I know you've been gone so like with this went live while while you're on the road But just again, these and the news this week of black rocks with black rocks filing for an ETF, you know Not only does it take time and money to get these ETFs live through the SEC, you know, it's an investment from the people that are building these vehicles They don't build these vehicles to then, you know, scrap them like three to six months from now
28:10
[SPEAKER_02]: So again, these are long-term vehicles that they're building, and it seems like, especially with Solana, at least ETF-wise, there's long-term, there's some long-term buyers.
28:20
[SPEAKER_01]: Yeah, definitely, I've saw Fidelity came out with that, which I'm excited about because I used Fidelity a lot for their ETFs.
28:26
[SPEAKER_01]: So, I scraped to see Solana shrink the ETF in flows, and I know Staking ETFs are on a dock if not already for some, so that's exciting to see.
28:35
[SPEAKER_01]: I'm just excited to see these huge institutions adopt these overalls, just a more for, in the retail investors, to either want you to diversify or, you know, go outside a Bitcoin as, you know, Bitcoin dominance is low right now.
28:50
[SPEAKER_02]: Any luck over their brine or no?
28:52
[SPEAKER_03]: No, I'm having a little issue.
28:55
[SPEAKER_02]: That's cool, right?
28:56
[SPEAKER_02]: We can keep going and it goes along of like, okay, How's Coinbase doing?
29:00
[SPEAKER_02]: How's Robinhood doing?
29:01
[SPEAKER_02]: These were kind of leaders.
29:02
[SPEAKER_02]: I saw a video of Brian Armstrong back in DC.
29:06
[SPEAKER_02]: That guy might live in DC at this point.
29:08
[SPEAKER_02]: But Coinbase buys a slon of trading platform Move through this in there.
29:12
[SPEAKER_02]: Is that you, Brian?
29:13
[SPEAKER_02]: I did.
29:14
[SPEAKER_01]: Yeah.
29:15
[SPEAKER_01]: That was great.
29:17
[SPEAKER_01]: Yeah.
29:17
[SPEAKER_01]: Coinbase is largely Ethereum L2 right with base, but they purchased a Solana training platform specifically in meme coin platform.
29:25
[SPEAKER_01]: This just came out today, so yeah, we're still breaking it down and see what this means and same with the ecosystem everyone's trying to understand what they're looking to do here.
29:34
[SPEAKER_01]: Later on, we'll talk a little bit more about how
29:37
[SPEAKER_01]: They are, you know, they just launched their own meme or create a coin for base for the creator.
29:42
[SPEAKER_01]: So just interesting to see that they're making moves into Solana.
29:45
[SPEAKER_01]: I know largely a lot of people didn't like coin base on how they quote unquote manipulated Solana pricing.
29:51
[SPEAKER_01]: Or whatnot, there was a lot of delays during the FTX collapse of them.
29:54
[SPEAKER_01]: People trying to withdraw Solana.
29:56
[SPEAKER_01]: But now they're coming onto the Solana side, which is both great for the ecosystem.
29:59
[SPEAKER_01]: Because coin base has a foothold in users in America.
30:05
[SPEAKER_02]: Yeah, and they're obviously like you said earlier in the show too.
30:08
[SPEAKER_02]: It's like, hey, who's building?
30:09
[SPEAKER_02]: Who's building when the chips are down?
30:11
[SPEAKER_02]: And that was a huge thing that we talked about on the podcast.
30:14
[SPEAKER_02]: And we brought on the guest who were building when, you know, the FTEX claps was.
30:19
[SPEAKER_02]: And that was Matt.
30:19
[SPEAKER_02]: That's kind of why Matt Hogan was our shepherd through that time.
30:23
[SPEAKER_02]: Because they were working on the ETF, you know, rollout, you know, a bit wise during that time.
30:27
[SPEAKER_02]: So I thought that was an interesting kind of story
30:34
[SPEAKER_02]: We're going to transition into the moment of money maker segment and that's our cohort of who we promoted the episode two today So we have over a hundred and sixty two people with us live right now We appreciate every single one of you guys For being here especially on such a bloody week and spending your Friday afternoon having fun with us If you guys could do me a favor before we jump into Brian and Joe's momentum money maker update
30:57
[SPEAKER_02]: We're going to talk about all things kind of high-flying meme coins.
31:00
[SPEAKER_02]: They have some absolute winners that they've given out.
31:03
[SPEAKER_02]: If you're inside the community, you know that.
31:05
[SPEAKER_02]: Again, bottom right if it's your first time here, hit the sub button.
31:08
[SPEAKER_02]: It's our logo on the bottom right and give this video a thumbs up.
31:10
[SPEAKER_02]: It really helps us grow the channel and keep putting out the free content for you guys that you know and love because I know that, you know, people again.
31:18
[SPEAKER_02]: We're churping us all week.
31:19
[SPEAKER_02]: Are you gonna show up?
31:20
[SPEAKER_02]: Are you gonna be here Brian?
31:21
[SPEAKER_02]: I keep looking around.
31:22
[SPEAKER_02]: Is this lights still on Brian?
31:23
[SPEAKER_02]: What is it?
31:24
[SPEAKER_02]: Right 83.
31:24
[SPEAKER_02]: Okay.
31:25
[SPEAKER_02]: Is it still on?
31:26
[SPEAKER_02]: My friend Grant.
31:27
[SPEAKER_02]: He's in the YouTube Grant.
31:29
[SPEAKER_02]: Is the lights still on?
31:30
[SPEAKER_02]: Grant is it on?
31:31
[SPEAKER_02]: Are we working?
31:32
[SPEAKER_02]: We're good.
31:32
[SPEAKER_02]: Okay.
31:32
[SPEAKER_02]: We can continue the show.
31:34
[SPEAKER_02]: to go down into the momentum like many makers update guys if there's anything that you like when you hear Brian and Joe go over this stuff if you're interested in joining and getting the first alerts on how you can get the trade alerts for these trades that they're going to talk about that they're still nailing winners left and right there's a description below for momentum money makers VIP just go check it out if you're interested in getting this first alerts uh and if not no stress we're on here at YouTube as well so guys let me hand it off to you
32:04
[SPEAKER_03]: Yeah, while we start with the Puggy penguins, we talk about the penguin and the Puggy penguins team all the time.
32:12
[SPEAKER_03]: I know the price is taking a dip because you know everything's red, but you know, it still doesn't fundamentally change what they're doing as one of the most innovative Web3 companies around.
32:23
[SPEAKER_03]: I still absolutely love their brand and they're rocking a new book, a new partnership out there, which is a lot of fun.
32:29
[SPEAKER_03]: Did you just say, oh, wait, do you have that right now, Joe?
32:33
[SPEAKER_03]: Oh yeah, I got it.
32:34
[SPEAKER_03]: I got it.
32:35
[SPEAKER_03]: I why am I talking about it.
32:36
[SPEAKER_03]: I take it over Joe.
32:39
[SPEAKER_01]: No, no, I I smashed by this as it's a community because Pudgy's for kids.
32:44
[SPEAKER_01]: I have a kid and it's you know, I read them books every day.
32:47
[SPEAKER_01]: I'm like smash buying.
32:48
[SPEAKER_01]: So they're making money off me.
32:49
[SPEAKER_01]: That's all I'm saying and they're not they're not taking money away from their NFT holders.
32:54
[SPEAKER_01]: And potentially, like we always mentioned, they can have a meme coin integration with this.
32:59
[SPEAKER_01]: I mean, I'm not sure they're going to do with kids book, but on the backend, they can have something very exciting.
33:04
[SPEAKER_01]: So it's just great to see them doing stuff and stuff that actually buy, right?
33:07
[SPEAKER_01]: Like, I'm buying this stuff.
33:07
[SPEAKER_01]: I'm not doing it.
33:09
[SPEAKER_01]: Well, I guess I'm a good price.
33:10
[SPEAKER_01]: 999 guys.
33:11
[SPEAKER_01]: I buy a lot of kids books.
33:12
[SPEAKER_01]: I buy like two a month, and this is a good price point, and I genuinely like it to read to my kids.
33:18
[SPEAKER_01]: So not only are they doing stuff, but they're doing stuff meaningful.
33:22
[SPEAKER_03]: Yeah, shout out.
33:22
[SPEAKER_03]: I still play that pudgy party game and have my kids playing it all the time.
33:26
[SPEAKER_03]: It's still massively fun.
33:28
[SPEAKER_03]: So I guess the point is is that there's still people out there building and partnering with major organizations out there and even a congressman recently got in on the pudgy penguin train who was at William Timons.
33:42
[SPEAKER_03]: I think that I threw it in the shit.
33:43
[SPEAKER_03]: Yeah, there he is.
33:44
[SPEAKER_03]: So we got we got a congressman rep in a really nice penguin Joe you were telling me just the other day Penguin without a hat is worth more is a more desirable trade.
33:54
[SPEAKER_03]: Yeah.
33:55
[SPEAKER_01]: Yeah, so there's like 250 of them and I was gonna buy a pudgy You know, and I was thinking about doing it on a live stream today, but I'm not well prepared for it But maybe next week.
34:04
[SPEAKER_01]: I don't know when we're doing his live stream table might buy a live pudgy for you guys But yeah, this one if it doesn't have a hat the ecosystem loves that you if you take a look at the floor prices
34:14
[SPEAKER_01]: these get scooped up all the time.
34:16
[SPEAKER_01]: So yeah, this one doesn't have anything on his head.
34:18
[SPEAKER_01]: It's worth a little bit more.
34:19
[SPEAKER_01]: Congrats to you, Congressman.
34:21
[SPEAKER_01]: William Timons, I don't know what state he's from, but I don't know who runs a social there, but if you're allowed to put a bunch of pink with none, you end up deep profile.
34:28
[SPEAKER_01]: I like that state.
34:29
[SPEAKER_01]: Maybe I'll move there.
34:31
[SPEAKER_02]: Yeah, it's a smash.
34:35
[SPEAKER_02]: You're getting the get in the huddle there.
34:37
[SPEAKER_02]: It's like here we go, put you saying can't believe me about to say this to a sitting here as congressman.
34:42
[SPEAKER_02]: Welcome to the huddle.
34:45
[SPEAKER_01]: Yeah, they might IPO 2 Tvo.
34:47
[SPEAKER_01]: Sorry to interrupt.
34:47
[SPEAKER_01]: They just announced.
34:48
[SPEAKER_02]: No, no, mine too.
34:49
[SPEAKER_02]: I, we, we've talked about Pudgy a lot on this program.
34:52
[SPEAKER_02]: I just, I love the vibe.
34:54
[SPEAKER_02]: I'm going to buy a children's book for my nephew for Christmas this year.
34:58
[SPEAKER_02]: So that's, you know, I'm going to join the huddle of the, the new book.
35:01
[SPEAKER_02]: So I love that stuff.
35:02
[SPEAKER_02]: Let's move on to, to Jesse.
35:05
[SPEAKER_02]: Is this Jesse, Jesse, Jesse, Jesse, that Jesse on the program before.
35:10
[SPEAKER_03]: Yeah, you know him.
35:12
[SPEAKER_03]: I mean he's a big wake-up base.
35:15
[SPEAKER_03]: I'll let Joe take over with this because I know he's through the link in here, but pretty cool stuff what he's doing over there
35:22
[SPEAKER_01]: Yeah, yeah, this is in the face of the destruction of crypto whatever as we're seeing it.
35:26
[SPEAKER_01]: He launched a career to coin yesterday two days ago amongst the blood and it just pumped, you know, all the way up to yesterday, I told Brian, I was like, it seems holding strong and Brian was like, I don't know, man.
35:38
[SPEAKER_01]: And it's now's up even higher today.
35:40
[SPEAKER_01]: It's a 16 million today.
35:41
[SPEAKER_01]: And this shows the strength of momentum plays.
35:45
[SPEAKER_01]: Like, we knew it was swinging to base, right?
35:47
[SPEAKER_01]: We've been talking about it in the live streams for a month now, right,
35:50
[SPEAKER_01]: And they are teasing something December 17th and what's funny is that immediately after they they teased what's coming, Bryce, you know, everyone knows Bryce, like I found out what it is, they found a tweet on it, like they're coming out with prediction markets, like who would have thought, right, and and other stuff.
36:05
[SPEAKER_01]: So they're really batting for or prepping for a huge 2026, which I think most institutions are, like they're just building the train tracks as whole year.
36:15
[SPEAKER_01]: That's what it was.
36:16
[SPEAKER_01]: And I
36:17
[SPEAKER_01]: retail is really going to come on board in a more meaningful way in 2026 and, you know, just Jesse, just, you know, having some fun here.
36:25
[SPEAKER_01]: But I just thought it interesting that, you know, there is things that do well during these times.
36:29
[SPEAKER_01]: I'm not surprised that it's on base.
36:32
[SPEAKER_02]: It was Jesse one of the calls for the community, you know?
36:37
[SPEAKER_01]: Not specifically, I mean, he just launched it two days ago.
36:39
[SPEAKER_01]: So we couldn't call it like the day they were recording it.
36:42
[SPEAKER_01]: We couldn't call it, but maybe a good thinking, Tivo, maybe an email next time blast everybody.
36:49
[SPEAKER_02]: Awesome, let's move on to tops.
36:52
[SPEAKER_02]: I know I remember the tops days of back when we're at the bar still office, people are loving this one.
36:59
[SPEAKER_01]: Yeah, so tops is coming on the top shop.
37:02
[SPEAKER_01]: They just announced it two days ago.
37:03
[SPEAKER_01]: If you guys want to sign on, this is not a promo.
37:07
[SPEAKER_01]: We don't get anything, but there are anyone who downloads the apps.
37:10
[SPEAKER_01]: They have a chance to win a $42,000 Steph Curry PSA 10.
37:15
[SPEAKER_01]: And me being from the Bay.
37:16
[SPEAKER_01]: You know, I enter right away, but it's just interesting to see, you know, more people entering the space in a, in, in a, in a bigger way.
37:23
[SPEAKER_01]: Penini's entered this year huge in the digital assets.
37:27
[SPEAKER_01]: We talked about it on this live stream, how a digital, what is it, a Caitlyn Clark sold from more than the cardboard.
37:33
[SPEAKER_01]: So just when, when we enter in boring time boring times, I would call it like the ice ages of crypto.
37:39
[SPEAKER_01]: I like to have fun of NFTs and speculate and you can still make money on every day.
37:46
[SPEAKER_03]: Brian, you're in the top, so I'm in top shot.
37:51
[SPEAKER_03]: I've still been talking about the tops and we've talked about it quite a bit, but I do not have any tops, but I'm going to download it to be honest with you and get whatever's free here.
38:03
[SPEAKER_03]: I go down rabbit hole guys.
38:05
[SPEAKER_03]: like you know like next thing you know I get something I really like and I'm like we need to make this happen literally on eBay last night I was looking at I'm not new angle patriots fan but I was looking at Drake May rookie cards because I was like this guy I can go down with my fair share of rabbit holes that guy's on fire he looks good
38:34
[SPEAKER_02]: you're breaking up a little bit on as Brian so we'll just transition into mega mega easy.
38:44
[SPEAKER_03]: Yeah, my back.
38:46
[SPEAKER_02]: Yeah, you're back.
38:47
[SPEAKER_03]: Oh, okay.
38:48
[SPEAKER_02]: Joe just take it.
38:48
[SPEAKER_02]: Yeah, Joe can you just you the host and call out what you wanted to bring up and just start weaving through these.
38:54
[SPEAKER_01]: Yeah, yeah, you asked us about some wins that we had last time, you want to pull up Ghost.
38:59
[SPEAKER_01]: We did a, there was a whole privacy meta.
39:01
[SPEAKER_01]: If you guys recall, that was going around the, you know, Z-cash did a 10X from his bottom.
39:08
[SPEAKER_01]: And then there was, that was the alpha play, because Z-cash had been around since, you know, 2019, right?
39:12
[SPEAKER_01]: But then ghost is on the bottom there, I just put in the chart way on the bottom is one way that we call it to our community And it did 150% up from from when we called so it went down because a lot of people were like Oh, this is a phantom team.
39:25
[SPEAKER_01]: They're not doing anything But what happened was that they released their financial payment app which is all based around privacy and it pumps so we called it
39:32
[SPEAKER_01]: Right almost a day before the bottom and our community to God in they made a hundred and fifty percent of course is going down with the macros right now As the initial hype has worn off, but the privacy play a momentum play We definitely caught that one and we're constantly seeing where the momentum's flowing and this is one of those that I'm happy we caught for a community
39:52
[SPEAKER_01]: Along with the cash, we caught Z-Cash and it went up.
39:54
[SPEAKER_01]: I think 25 to 30% from the time that we called it, because we knew that that metal would run a little bit further.
40:02
[SPEAKER_01]: So just the wind that we had, this was just last week.
40:05
[SPEAKER_01]: So even in these crazy times, there are winds to be had on projects that are keep on building.
40:11
[SPEAKER_01]: And we have a few more in our bag that we've called.
40:14
[SPEAKER_01]: I have Bratman Bratman Bratman.
40:15
[SPEAKER_01]: If he comes back on, we have another one that did close to a three inch percent within the last three weeks.
40:20
[SPEAKER_01]: That was another financial payment app also.
40:21
[SPEAKER_01]: So now only we're looking at meme coins.
40:23
[SPEAKER_01]: We're really looking at all coins and seeing what's moving in terms of just peace sentiment overall.
40:30
[SPEAKER_02]: We got live.
40:30
[SPEAKER_02]: We're live.
40:31
[SPEAKER_02]: We got people popping in.
40:32
[SPEAKER_02]: We got people popping out.
40:33
[SPEAKER_02]: Bratman, give us some bike check.
40:34
[SPEAKER_02]: Are you there?
40:35
[SPEAKER_03]: Hey, my, uh, my here.
40:38
[SPEAKER_03]: My, that was a bit of a test front for any troublesome internet issues that we have on future uh, podcast or runs that run down.
40:46
[SPEAKER_03]: It's good to be back guys with that miss.
40:48
[SPEAKER_02]: Yeah, uh, Joe T. Jump for, uh, what was it Joe?
40:51
[SPEAKER_02]: A 300% winner that you guys call it?
40:53
[SPEAKER_03]: Yeah, the a V.C.
40:54
[SPEAKER_03]: or V.C.
40:56
[SPEAKER_03]: Oh, yeah, that was a soul when the neobank it was uh, yeah, a great little great low product, you know, Docs founder.
41:03
[SPEAKER_03]: That was just recently a couple weeks ago.
41:06
[SPEAKER_03]: So congrats to some people in the community.
41:08
[SPEAKER_03]: I heard Joe talking about some of the privacy coins.
41:10
[SPEAKER_03]: It's kind of the meta.
41:12
[SPEAKER_03]: If there is one right now, we all like that privacy layer and he had some killer ones.
41:17
[SPEAKER_03]: She ghost is a strong one.
41:20
[SPEAKER_02]: Yeah, so again, that's that's kind of our the pitch again.
41:23
[SPEAKER_02]: We love doing the free YouTube.
41:25
[SPEAKER_02]: But if you guys want those kind of first alerts in your email inbox from Brian and Joe when they see stuff like this again, 1x 2 3x They're finding winners even in these tough markets.
41:34
[SPEAKER_02]: Check the link below for the momentum money makers VIP come on in and join the community.
41:39
[SPEAKER_02]: We'll touch some some
41:41
[SPEAKER_02]: touch some brass here with such a, we'll touch base coin base.
41:44
[SPEAKER_02]: We had the, we talked about it before.
41:45
[SPEAKER_02]: So we think coin bases working on some stock trading.
41:48
[SPEAKER_02]: It looked like they might have leaked some some screenshots.
41:51
[SPEAKER_02]: Some, they call them in the business back in my IBM days.
41:54
[SPEAKER_02]: They call them wire frames.
41:55
[SPEAKER_02]: They, they leak some wire frames.
41:57
[SPEAKER_02]: for the people to see what's going on with the UI for stock trading, possibly probably prediction markets as well.
42:06
[SPEAKER_02]: Things are just, things are moving along, I think Coinbase obviously continues to build Robinhood's rolling out banking.
42:13
[SPEAKER_02]: And then we'll end a note on some some prediction markets here for calcium.
42:18
[SPEAKER_02]: We've talked about poly-market how it's raising so much money, you know, raising at like 12 of the 15 billion calcium just reportedly raised 1 billion at an 11 billion dollar valuation from Sequoia.
42:29
[SPEAKER_02]: These things are not going anywhere at all.
42:32
[SPEAKER_02]: Um, and I know Brian, I gave you, uh, I texted you, uh, some texted you some picks.
42:37
[SPEAKER_02]: I think I think that that might be some alpha there for the calcium picks.
42:41
[SPEAKER_02]: I think that's where I'm going to start going is the, uh, I like the mentions.
42:45
[SPEAKER_02]: I like when people are speaking and trying to guess what they're, uh, what they're going to say.
42:50
[SPEAKER_02]: Are you right?
42:52
[SPEAKER_02]: I mentioned Martin.
42:54
[SPEAKER_03]: I didn't put it in yet, but I am.
42:56
[SPEAKER_03]: I need to get in on that, uh, that those were some very good ones.
43:00
[SPEAKER_03]: Shout out to Patriots.
43:02
[SPEAKER_03]: But, you know, something that's super interesting is that there was a fanatics.
43:08
[SPEAKER_03]: That's it.
43:08
[SPEAKER_03]: Fanatics mentioned a prediction mark.
43:10
[SPEAKER_03]: I think it was today.
43:12
[SPEAKER_03]: They're getting, yeah, CEO, Michael Ruben tells that they're going to be launching fanatics predicts.
43:18
[SPEAKER_03]: So just another, the space is getting crowded.
43:21
[SPEAKER_03]: Not gonna lie.
43:22
[SPEAKER_03]: It certainly is, but these prediction markets aren't going anywhere.
43:25
[SPEAKER_03]: And it's amazing to see, they're just casually adding
43:32
[SPEAKER_03]: So I think there's some momentum here.
43:35
[SPEAKER_02]: Yeah, and like I think I said this on a show a couple weeks ago was, you know, the eventually what's going to happen is the consolidation just like the gambling space.
43:42
[SPEAKER_02]: We had too many, you know, gambling apps and they're slowing down and consolidating the same thing will probably happen in the prediction markets, you know, area, but there's some.
43:53
[SPEAKER_02]: There's some fun stuff out there to I guess you could call it gambling or predicting however you want to say it not not personal financial advice by any means We personally cannot give that we're not your financial advisors just a couple friends talking
44:06
[SPEAKER_02]: odds and I'm going to give out I'll give one out let's put this on let's put this on tape rhyme let's put this one on tape so there's a there's a there's a conference called the dealbook summit I believe it's in New York City coming up the first week of December Scott Bessons is speaking and there's a 24% chance that he says stable coin I'm going to take those odds and there's a 38% chance that he says the words stock market I feel like stock market
44:35
[SPEAKER_02]: Oh, because you're gonna go either way, it's like, are you worried?
44:39
[SPEAKER_02]: Are you worried?
44:40
[SPEAKER_02]: So, okay, here's the problem.
44:41
[SPEAKER_02]: Depending on who's getting interviewed by is like, they're gonna say, they're gonna ask him about the stock market.
44:47
[SPEAKER_02]: So the question, somebody asks him would be like, and what about the stock market?
44:52
[SPEAKER_02]: It's gonna be there, I do, and I'm telling ya, I'm telling ya, I'm telling ya, I'm telling ya, I'm not telling ya, I'm not.
44:58
[SPEAKER_02]: Does he just talk about the stock market?
45:00
[SPEAKER_03]: And not actually, say it.
45:03
[SPEAKER_03]: it gets squirrely there because he could say stocks referring to an ask him a question about the stock marketing is like stocks look really good right now I'm really in in you're not getting paid on that because you need stock market and that's what you need stock market like the stock market was long not stock
45:23
[SPEAKER_02]: Yeah, it could get squirrely there and really make you smash like I mean he has to listen when he's on the national stage and again I think dealbook summit again if we're if we're playing the cards here We're the I think they bring everybody but I think it depends who's interviewing him I think whoever's interviewing him is probably gonna be leaning a little bit left So they're gonna be trying to like poke holes into the stock market game and then he's gonna hit him with how many all-time highs the stock market The stock market has hit this year
45:52
[SPEAKER_02]: He says he's not half on time.
45:54
[SPEAKER_02]: I'm gonna cry.
45:55
[SPEAKER_02]: I'm gonna cry.
45:56
[SPEAKER_03]: Well, what's he like a Jen Zeeer?
45:58
[SPEAKER_03]: What's finish it?
45:59
[SPEAKER_02]: What's he stock market?
46:00
[SPEAKER_02]: No, he's an old school.
46:02
[SPEAKER_02]: He's an old school stock market, so I know.
46:05
[SPEAKER_02]: Again, that's, are you riding this?
46:10
[SPEAKER_03]: I think I have to.
46:11
[SPEAKER_03]: I mean, you've called him out of the line, but I'm just what you're talking.
46:17
[SPEAKER_02]: You want to work prediction market into the show.
46:19
[SPEAKER_03]: I'm asking you.
46:20
[SPEAKER_03]: Do you want to ride on 38% chance?
46:24
[SPEAKER_03]: I'm just like Jim Kerry on the hugging you and Jim Kerry and dumb and dumb are riding that moped up the hills of Aspen right now.
46:33
[SPEAKER_03]: That's how much I'm riding on this.
46:35
[SPEAKER_03]: I'm all over with you because what if it what if it hits?
46:39
[SPEAKER_03]: All well here about for weeks is how you made this unbelievable call you you you you get saw the vision live How could you not ride that I would be stupid not to I'm in I'm freaking into not funny and children But I'm in for a house open invite to you.
46:55
[SPEAKER_02]: I just know that Brian I go back and forth on these on these
46:58
[SPEAKER_02]: prediction markets thing and we're trying to work it into the show so that that's our pic the crypto 101 uh... tevo if you want to ride we're doing will scot best and say stock market during his dealbook summit interview it's going to be the first week in a December so that'll be a little tidbit will revisit we'll hold ourselves accountable just like we did for the live
47:17
[SPEAKER_02]: for drone power we took we both took out purple tie and I don't know what I did but also took it out.
47:24
[SPEAKER_02]: That was yeah he's yeah yeah we'll see we'll have to see but I think he didn't say it
47:31
[SPEAKER_02]: true true Friday afternoon c. j's in the chat we love c. j and we love everybody was been in the chat last call we'll do some questions if anybody has any if you want to throw them in uh you know scary times you have any questions we're here for you to answer especially if you've listened to the end um open forum fellas anything uh on your mind that you want to talk about while we wait for some questions anybody want to take the reigns to kind of uh a final thought as we head into the weekend here
48:01
[SPEAKER_02]: Is that the new one?
48:03
[SPEAKER_02]: No, whatever you want Joe.
48:05
[SPEAKER_01]: I put a Steph Curry night night mystery box toy when I was in China.
48:13
[SPEAKER_01]: And all I got to say is that I understand the libubu craze now.
48:16
[SPEAKER_01]: I understand it.
48:19
[SPEAKER_01]: some extent because I'm like my wife is buying the booboo left and writes all day I'm like this is so stupid.
48:23
[SPEAKER_01]: Who does that?
48:24
[SPEAKER_02]: I want to be a store who meme point thing not take off I felt like that was a pop culture didn't didn't make it into the meme point markets it did the booboo meme coin popped off and a lot of people did well and then it dissolved out because there's not too many the booboo collector is trading meme points Brian any final thoughts are your kids into le boobos is that craze over
48:49
[SPEAKER_03]: They're not the booboo kids, but I'll tell you what they are into are jelly cats.
48:54
[SPEAKER_03]: Oh yeah, jelly cats are a big thing.
48:58
[SPEAKER_03]: The household has more, it's like, when people talk about beanie babies 2.0, they're exactly jelly cats.
49:06
[SPEAKER_03]: My parting words on crypto is for, we shouldn't be freaking out.
49:10
[SPEAKER_03]: Things are going to be okay.
49:12
[SPEAKER_03]: we're seeing some volatility in the market but that gives us some great opportunity out there and i couldn't be i couldn't be a sale time i get bullish in times like this especially when people are talking about shorting constantly it makes me want to go long i just you know i think i think things are going to be okay and we're going to chop a little longer it might be ugly for a couple weeks but i think we're going to v-shaped up sooner rather than later
49:37
[SPEAKER_02]: Let's see, we got something coming from the great Abish.
49:41
[SPEAKER_02]: Who and where do you guys look for?
49:43
[SPEAKER_02]: Okay, so he's new to crypto.
49:44
[SPEAKER_02]: Obviously not asking for personal financial advice.
49:47
[SPEAKER_02]: That's correct.
49:48
[SPEAKER_02]: But who and where you guys look for information and accurate market updates?
49:53
[SPEAKER_02]: Well, you're in the right spot because we turn to the crypto 101 podcast and the crypto nation community, shameless selfless plug, but that is why we have such a robust team, right?
50:05
[SPEAKER_02]: So, you know, me and myself, Teva, on more of the social sentiment social media guy, we've got Brian and Joe momentum money makers, we've got Brendan, who's our technical analysis guru.
50:13
[SPEAKER_02]: We've got Bryce, who's our trader and just all around guru plugged into the industry, our fearless leader, we've got Roheet.
50:20
[SPEAKER_02]: just doing the data and the deep diving of the research so that that's why we've built the team what we've had so when you listen to the show that's what you're getting you're kind of getting a little bit of everything and then obviously bring on everybody individually so you can hear from them but this is a great tool so if you're if you're here it's a great start other than that I think um getting an x account and following crypto 101 pod on x is a great way that you know we share a ton of stuff from others as well and how we aggregate data and build the show.
50:48
[SPEAKER_02]: but the reason to run down I think is so popular and does so well is because we're pulling all that information from our team and the outside information as well.
50:57
[SPEAKER_02]: Johnny Honeer says he's been waiting for the jelly cat coin.
51:01
[SPEAKER_02]: I'm telling you man sometimes this just pop culture bleeds over and like that's you know that's where you guys absolutely
51:16
[SPEAKER_02]: I saw a funny meme.
51:17
[SPEAKER_02]: It was like me at me at 10 years old and it was like Rapping, you know, bad rap lyrics on the bus and then it was like today's kids at 10 years old.
51:26
[SPEAKER_03]: It was like 6, 7, 6, 7 Brutal That's what makes that meme so unbelievable that was that like even the haters
51:37
[SPEAKER_03]: Like I don't get it this six seven and then you know people mean it to me about it.
51:42
[SPEAKER_03]: It is a viral concept at the end of the day.
51:46
[SPEAKER_03]: It's crazy.
51:48
[SPEAKER_02]: Yeah, it is crazy.
51:49
[SPEAKER_02]: And then final thing.
51:50
[SPEAKER_02]: Thank you.
51:51
[SPEAKER_02]: The great of this.
51:52
[SPEAKER_02]: Thank you guys.
51:52
[SPEAKER_02]: You guys have been my number one support since taking the leap appreciate y'all made my ex account recently.
51:58
[SPEAKER_02]: Thanks again, Jens something for Joe Joe.
52:01
[SPEAKER_02]: What's the site you mentioned in the other podcast maybe referring to your guys's other podcasts to get the anime coin.
52:09
[SPEAKER_02]: Did you mention a website Joe to get anime coin?
52:14
[SPEAKER_01]: anime coin.
52:15
[SPEAKER_01]: That's a good question.
52:16
[SPEAKER_01]: I don't remember that anime.
52:18
[SPEAKER_01]: I mean, don't anything I can think of as a Zuki has an anime coin, but Zuki?
52:23
[SPEAKER_01]: If he can clarify that question.
52:25
[SPEAKER_02]: That's from Dan, Dan Paton, the anime, enemy coin, enemy, enemy, something from Gale, Gale Hughes, hi guys, I'm new to crypto, but I'm interested in knowing the different types of crypto and what should I look at as a newbie.
52:43
[SPEAKER_02]: Obviously, there's so many types of different types of crypto.
52:46
[SPEAKER_02]: We talk about the blue chips a lot on this program, your Bitcoin, Ethereum, Solana.
52:50
[SPEAKER_02]: Joe and Brian are ahead of momentum money makers.
52:53
[SPEAKER_02]: They're kind of doing the deeper dive into high volatility, high-flying markets of memes and FTs That type of stuff Brendan will do technical analysis on any altcoin you can think of.
53:02
[SPEAKER_02]: I think a good idea if you gale if you're true Newbie and you're interested in getting more.
53:06
[SPEAKER_02]: I think you should scroll down to the description I don't know if you're quite ready for momentum money makers, but check it out if you're interested I would go down to the one dollar trial for crimp nation
53:15
[SPEAKER_02]: You can sign up for a dollar.
53:17
[SPEAKER_02]: You can get our weekly newsletter.
53:18
[SPEAKER_02]: You can get all the, you know, the teachable courses and kind of the intro to crypto that our team has built.
53:24
[SPEAKER_02]: So if you're interested in learning more beyond the show here, I think scrolling down to the description and doing the $1 trial for a crimson VIP is the way to go.
53:33
[SPEAKER_02]: So go check that out.
53:35
[SPEAKER_02]: Guys, over.
53:37
[SPEAKER_02]: 500 almost 600 views on a Friday live when the market's falling at a bed.
53:41
[SPEAKER_02]: I don't think we can thank everybody enough for tuning in, you know, Brian, I talk about all the time on which fun we have doing these guys doing this with you guys.
53:49
[SPEAKER_02]: Joe, we appreciate you joining us today.
53:51
[SPEAKER_02]: Heading back to the momentum money makers newsletter.
53:54
[SPEAKER_02]: You guys rock.
53:55
[SPEAKER_02]: Thanks, Johnny.
53:56
[SPEAKER_02]: We're going to sign off here, guys.
53:57
[SPEAKER_02]: We thank you guys for spending your Friday afternoon with us.
53:59
[SPEAKER_02]: Stay strong out there.
54:01
[SPEAKER_02]: Everybody, one more time, Brian, is it on?
54:04
[SPEAKER_02]: guys the light is still smiling and we promised you that we're going to be back next week short week with the Thanksgiving holiday brine.
54:13
[SPEAKER_02]: You have time to do an episode with me next week.
54:16
[SPEAKER_03]: Yeah, man, this is, this is how I build my weeks around this.
54:19
[SPEAKER_03]: We'll do it on Thanksgiving.
54:20
[SPEAKER_02]: There it is.
54:20
[SPEAKER_03]: It's something carbonate turkey.
54:22
[SPEAKER_03]: There it is.
54:23
[SPEAKER_02]: You heard it here first.
54:24
[SPEAKER_02]: Maybe we'll record Tuesday.
54:26
[SPEAKER_02]: We can put it out Wednesday for everybody traveling.
54:29
[SPEAKER_02]: You're going to hear from us really interesting.
54:31
[SPEAKER_02]: Going to be looking into Bitcoin.
54:32
[SPEAKER_02]: How it closes on the weekly Sunday night.
54:35
[SPEAKER_02]: Low volatility next week, especially in the stock market with the holidays.
54:38
[SPEAKER_02]: There's a lot that you're going to need to do.
54:39
[SPEAKER_02]: So make sure again.
54:40
[SPEAKER_02]: Last time, bottom right, hit our logo, subscribe, give this video a like, help us keep growing the channel, have a great weekend everybody, we are going to see you next week with fresh new episodes, the awesome interview with Matt Hogan, and again, stay strong out there during these volatile times and we'll talk to you soon, have a great weekend everybody, thanks for listening.