Risk On Podcast

We're F*cking Back | EP 48

Risk On Podcast

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0:00 | 59:30

Covering: 

- Coins are ripping

- CT is still trading oil

- Will the trenches ever come back debate

- Sats escapes Dubai 

And more!

SPEAKER_01

We're fucking back for now. Uh Satsats Swizzle. Me sponsored by FOMO, best multi-chain trading experience in the game. Download it today. Promo code RISCCON. 10% off all of your trading fees. SatsSats has escaped danger. He's out of a war zone now.

SPEAKER_03

I was gonna say, guys, you can you can tell Sats is back because he's back in a dark fucking room. So you know he's in the UK. No more fluorescent lights behind him. His four different Airbnbs in Dubai. There were just flashing lights everywhere in the background.

SPEAKER_02

Yeah, there actually was. It was a movie out there, but now we're back. I'm still not my own setup. I'm still uh I'm I'm at a different setup in London. I'll be at my main setup for the first time in for in a month now, or a month and a bit on Friday. Um that's gonna be it's gonna feel like crack. Um that's the only way to describe it. Uh, because it's been a nightmare this past uh month. Um and it seems my one of the last flights going out of Dubai was my one. Um they've now closed the whole airspace. So I literally think I was like one of the 10 flights.

SPEAKER_03

They shut it back down. They shut it back down.

SPEAKER_02

Oh, yeah, it's real bad right now. Real, real bad. Uh they hit the airport again or something like that. And uh yeah, they've they've closed flights for another I think 15 days. I mean that maybe misinformed from me, but yeah, I think I was like one of 10 flights uh last to go out of Dubai. So glad to be back. But yeah, shambles still.

SPEAKER_01

Yeah, I mean, I'm glad you're home for your sake, selfishly. Yeah, kind of wish you were still there.

SPEAKER_02

For the content, for the content the content was good. The content was good. I don't know if it was last show where yeah, we actually had a drone fly by our apartment, and one of the videos on the ground, you can see the drone, or you can see our apartment with the drone flying by. It's not ideal, not ideal at all. Um but you know what can you do? What can you do? You live and learn.

SPEAKER_01

Are you a Dubai guy throwing through still? Are you like, yeah, like in a year when this is all done? Like, I'm I'm I'm I love that place. I'm going back, or are you kind of like you know what?

SPEAKER_02

Like I was saying this to my family yesterday. It's still the safest place, like even with missiles going on, it's still one of the safest place, safe safest place on earth. Like, you can still walk around at two in the morning and be absolutely fine, and there is actually just nowhere else like it. So, unfortunately, I am still a Dubai guy, and when it all does calm down, I will be going back to 32-degree weather and bright sunshine every day. Um, maybe that's a mistake, but everyone's calling for the death of Dubai, everyone's shorting, trying to short the real estate market. Um, but I think it'll be fine. I think it'll be fine. Um, in a year's time, probably no one will give a fuck. Maybe I'm underestimating uh this war and how long it'll go on for, but you know, nothing ever happens. I say that as drones have been flying by.

SPEAKER_03

Some stuff kind of happened this time.

SPEAKER_02

Some stuff did kind of happen, but you know, it'll blow over.

SPEAKER_01

It'll blow over. You know, Trump did say that the new uh Ayatollah is gay, and that uh so you know, if that's the truth, he's gonna he's gonna run over them, right? Yeah, back there in no time, back in Dubai.

SPEAKER_03

You know, if if we could have had polymarket odds or calls she or whatever prediction market platform we're using, and I could have predicted one thing that Wood was gonna bring up on this podcast. I knew you wanted to talk about Trump calling the IT. I love it, it's the best thing in the world. I I literally saw, and this is how you know I've been in this space too long. I saw it and I was like, man, Wood is gonna just be obsessed with that. Wood is definitely gonna talk about that on the podcast.

SPEAKER_01

It's the funniest thing I've ever heard in my life. It is crazy.

SPEAKER_02

That's like the one thing you went to as well.

SPEAKER_01

Trump is a lot of things. He's I'm not the biggest Trump fan, but you have to admit, he's fucking hilarious. He's a stand-up comedian, man. He is so fucking good. Um, but uh in other nudes, uh speaking of uh uh nothing ever happens. Um our our boy Blunt called the slot a bottom. Um and ever since then it's been up only. Um how are we feeling? Coins look good, sell looks good, BTC looks good. Um do we feel good about what's happening right now, or are we thinking this is a dead guy?

SPEAKER_02

Um personally, I'm a seller of coins. Um I'm a seller of coins. I've pretty much sold all my Bitcoin what I bought between like 65k and like 66. Um I sold all my hype uh at 40. I'm happy, man. Really? I'm happy. Yeah, I'll take yeah, I'll take I'll take this move. I don't think it's uh I don't think it's a long-term move back up. So you know what? I'm happy with where we are right now, um, and I'm happy to sit in cash. But you know, Blunts and his ABCs always throw you off. You it's always a classic you sell, and then Blunts drops an ABC on the timeline. Disaster. Um but yeah, I'm happy with this move up. Uh I'm not here to stick around and and catch the macro bomb.

SPEAKER_03

So what what makes you like is this just like a gut feel or or what why this level, you know, because you could you could have made the argument there was a lot of resistance at like 73k for Bitcoin. Um a lot of people are, I mean, 75, it it broke last night and then came back down. Like a lot of people are looking at the top of the move set where it first went down from I want to say it was 84k or like 83.9 or whatever. Um, what what is making you feel like right now is the time? You just don't want to risk trying to you know get a little bit extra meat. You're just like, I I want to be cautious here.

SPEAKER_02

Well, exactly. Yeah, I think like I've caught majority of the move. I've caught majority of the move at this level. Like my options are round trip or buy higher. And I'm happy on my chances of just buying higher. Like, I'd buy um like 80 plus if I have to. Um, like I'm not I'm not too bothered, so it's more I just don't want a round trip. I think round tripping in bear markets is just really fucking easy. Um, and I'd rather just be a buyer, yeah. So like 80 plus like hype plus 45, soul plus 100. Because I then I feel like I've got easy places to cut then. Like if we lose if we go get above 80, then like I'm gonna cut below 80. If so gets above 100, I'm gonna cut below 100 again. So I've just got easy invalidations uh higher, and yeah, I don't think it makes sense for me to hang on to these positions. I said to myself when I took them, I was like, these aren't gonna be you know these macro hero buys. Um, so yeah, I've got to stick to my plan um originally.

SPEAKER_03

Interesting.

SPEAKER_01

I respect that. Blunt is a candle, Blunt has a little squiggly line to$400 for Solana.

SPEAKER_03

Oh, I didn't see how high I didn't see how high he was putting her. Which uh is this the daily or the it's the three-day chart? I didn't know. He uses three-day charts, huh? Um he has been so Blunts has been right. This was on February 6th, he posted it. Uh when Sol right after that kind of moved down.

SPEAKER_01

Everyone should have bought that.

SPEAKER_03

Yeah. So the question is though, I feel like like we'll hold him accountable here because he was c he was calling this a like a true bottom. Like he he called it a bottom forming. This is a high time frame. So like, you know, if if this ends up being like a short, like a counter trend rally and you know, Bitcoin gets up to 78k, and then we soul ends up going back down to you know the lows or whatever, then that's you know, this is not what he's calling for. Um I I feel like it's interesting because Blunts, he does, he he like as much as we joke about the random like hocus pocus ABC XYZ, you know, whatever, whatever that shit is. Like, he's he is pretty good at like I feel like he's someone I do listen to, and I I I've learned to take it with a grain of salt, but like he's been pretty right on some significant moves, I presume with size. But the thing that's tough is you gotta be careful when he gets one right, he goes into like heat check mode. Like now he just called like fart coin and Pangu, and I think he called like four more coins that he's like, yeah, you know, but then also um, if you guys remember on Friday, I know this because I was like thinking the same thing and I saw him post about going flat. Over the weekend, he he hedged and he said he changed his mind. He said he was going flat because Bitcoin and Seoul looked looked bad on short time frame. So he actually did get out of his positions, and then when stuff went back up on Monday, he immediately went back to bullposting. But if you go to his timeline, he did basically like change course and shit ripped hard on the weekend.

SPEAKER_01

I was gonna say Blunt has this amazing ability to make you forget about all the shit he gets wrong and only remembered the hero calls that he makes. I don't know how he does this, he's a fucking magician. He's really good at that.

SPEAKER_02

He's really good at that. Or it's the ABCs, bro. He just throws a few ABCs up and it's just like, wow, this is going to$400.

SPEAKER_01

Did Blunt invent the ABCs or are the ABCs an actual thing?

SPEAKER_02

Yeah, I think the ABCs are the what's it called? Elliot Wave? Elliot Wave. Elliot Wave. It's an Elliot Wave, bro. Come on.

SPEAKER_01

He just tosses ABCs on things. I'm like, it's an Elliot Wave, bro. I don't know what to do with it. Elliot wave, bro.

SPEAKER_02

Yeah, bro.

SPEAKER_03

It's an Elliott's wave, bro. Come on. I'm trying to pull up his Friday one where he's where he said, I don't know. Blood's tweet deleted. He might have deleted that tweet, man.

SPEAKER_01

Fuck yeah.

SPEAKER_03

Let's go, Blood. Because I know for a fact, because because and we'll get into like I ended up not because of him, but I ended up like going flat because I was looking at similar data and I was scared, so I cut my Zec position right before it ripped.

SPEAKER_02

Bro, Blood bitches like us. You just delete the wrong piece, whistles PL.

SPEAKER_01

It was uh just let our listeners know that that's it.

SPEAKER_03

Oh, he didn't delete it, bro. It's here.

SPEAKER_02

Yeah, I didn't think so. I didn't think so. He usually keeps him up.

SPEAKER_03

Okay, I just sent it in the chat. Let's see if Henry can pull it up. Uh I was gonna say that's it. I thought he deleted it, man. That would have been crazy. Um, yeah, so this was on Friday afternoon. He said he's gone flat, and then he never announced not being flat anymore, but then pres just resumed the bullposting. Fuck you.

SPEAKER_02

The no positions bullposting. Oh my man. We've all been there. Sell the packs, still have to bullposts.

SPEAKER_03

This is a good example of like I I think you find people like this, like I I think follow blunts, follow people like this, and like use this information, just take it with a grain of salt. Like, they're they're not gonna disclose everything about their positions, but it doesn't mean it's not helpful information to like put into a aggregation with a few other you know sources.

SPEAKER_02

Yeah, I do think Blunts is one of them people. We should do this actually, uh like a segment on the pod, like a must follow on CT. I think Blunts is in there. I think Blunts is in there.

SPEAKER_03

That would be great, like go through the pros and cons each person.

SPEAKER_02

Like, yeah, and I think I think I think there's like there's like 20 people on CT where you gotta follow. Like you're just you're missing out on key news without them. Yeah, um, maybe we're gonna throw in some controversial people.

SPEAKER_03

And we rip on we rip on Blunts, but he is one of those people, right? Like, yeah, you gotta follow up.

SPEAKER_01

He is one of those people, for sure. Um, yeah, I mean it it that's such a common theme, though, people shilling a bag and then you know selling probably and then continuing to shell. I I I had a conversation back in the day with someone I won't name, and they have a very big following on on CT, and it was about useless. And um when I don't when I sell something, you'll just see me stop tweeting about it. Like, I'm not gonna pretend I still own something or whatever. But I talked to this prominent K Well who sold useless at like 15 million and they bullposted it the whole fucking way up and they own none of it. And they DM'd me like, yeah, dude, like I sold it all. Fuck, like it's going up now. So why are you tweeting about it?

SPEAKER_03

I know exactly what you're talking about, and he did this with multiple coins too.

SPEAKER_01

He's done it with so many coins, and I was just like, What? No, it was Lexapro.

SPEAKER_03

Let's not say who it is.

SPEAKER_01

I'm not gonna say this, it is not Lexapro, but it is somebody everyone knows. Um, and it was just an incredible, like, it was an incredible like aha moment to me for how CT operates. And I'm I'm naive apparently. I just kind of like I'm genuinely, you know, I'm I'm I'm I'm pretty honest. And if I sell something, I'm not gonna say I sold it most of the time, but I just won't talk about it anymore. But there's so many people out there who just keep talking about it as if um I learned. I still got the bag.

SPEAKER_03

Would your your account your profile is annoying as fuck, but you never got into the gut, you never got into the politicking of like you know, pretending you own a bag or like shilling something for a reason. Like you are you're you're honest, but you're annoying as fuck, but you're not gonna be. I am annoying.

SPEAKER_01

I am annoying, I'm not gonna lie.

SPEAKER_03

You can tell when with sort of it's but it's not a game, you're not playing some social engineering game. You just are that person, and that's I don't know how to tweet.

SPEAKER_01

I'm not good at it. I just do it, you know.

SPEAKER_02

You you actually tweet whatever comes to your mind, bro. That's what brings to mind you're like tweet time.

SPEAKER_03

Sometimes it's not even his thoughts. Sometimes it's not even used.

SPEAKER_01

Yeah, I tweeted yesterday. This is I'm I'm I'm I'm I'm I'm I'm trying to buy a house from this old Jewish woman who is just putting me through the fucking ringer right now. She won't sell me her fucking house. She won't even give me, she won't even give me a counter offer on her fucking house. And she's dominating me, and I can't do anything about it. I mean, is it for sale or are you just like drinking? It's for sale. It's for sale. It's for sale. It's been sitting there. I want it. I gave her a reasonable offer below the asking price, and she's like, nah, like I'm only gonna take the price that I'm that I'm asking for the price is the price, yeah. The price is the price, and I'm like, but the price isn't the price, like you're priced way too fucking high. Like this price makes no sense. Like, let's have a overpay you, I'm willing to overpay you for it, but I can't pay the price you want. Like, let's just make a deal here. And she's like, the only deal is my price. I'm just like, are you fucking kidding me?

SPEAKER_02

Dog, she can't even the fellow Jew uh like deal, dude.

SPEAKER_03

She knows what she knows what is a fake Jew.

SPEAKER_01

She knows I'm a fake Jew, which is even more bullish for me being a Jew. It's like I love Jews so much that I became a Jew. Um and I tried selling that to her, and she just doesn't give a shit. We're trying to sell her the Jewish card, and she's like, Yeah, I don't care. Like, I'm not gonna live there to get to know him. I don't care if they're Jewish. Um, there you go.

SPEAKER_02

She's not budging. Is it another 80 100?

SPEAKER_01

What is it another 80 100? No, but I you know, I I I probably should hire an 80-100 guy to fucking redecorate it for me. Um, but I'm in a I'm in a bit of a bind right now, and I tweeted this the other day, but that's an example. I'm I'm I'm getting crushed right now. Great. All I can think about and obsess about is beating this 80-year-old. She's dying too, by the way. Oh god, man. She's it can't get worse for her.

SPEAKER_03

So you have no leverage then.

SPEAKER_01

She's none.

SPEAKER_03

She has me by the window. She has all the she has all the she's like, I'm dying.

SPEAKER_01

I actually tweeted about this. Yes, I actually tweeted about it. She's dying, and she won't sell me her fucking house, and I don't know what to do about it.

SPEAKER_02

It's nothing you can do, bro. Beaten by the Jews again. Another win for the Jews. If she beats me. Bro, I was talking, I was talking the other, I was talking the other day. I don't think I've had a single win with any of the religions yet. I think like I've been uh every time I get into business with any of them, I get hammered. I don't know what's going on right now. With any all so you're just being all religions. Yeah, yeah. No, I've I've been I've been finished by every religion. Uh the Jews have got me, the Muslims have got me once. Um, you know, everyone's got me right now. Uh it's kind of crazy. It's kind of crazy. I I could list examples um of coins where I've been destroyed by them. Uh some have been private deals. Uh, some private deals you guys have been a part of. We've been we've been part of the same deals where we've been hammered on. Um but yeah, can't catch a break. Real bear market stuff again. Um catch a break.

SPEAKER_01

Yeah. Um, anyways, uh guys, we're pumping into FOMC kind of too. Generally speaking, this is bad.

SPEAKER_03

FOMC is tomorrow, right? Tomorrow. Tomorrow.

SPEAKER_01

Not today. Equities are pumping hard right now. Um, Bitcoin ripped up to what, 75k yesterday? Um but fear, you know, uh SPX is down just a few points off of all time highs, right? Uh fear is that all time is like everyone's terrified. And then we have FOMC tomorrow, we're pumping into it. Um, I mean I don't know what to do here. Do you know? Like, I mean, it's 92% that rates don't change. Um, I think that probably remains true. Do we think FOMC is just a nothing burger tomorrow and like we just continue on? And Trump just says like oil prices are gonna be fine and we just keep ripping, or like do we think anything substantial happens this week?

SPEAKER_02

Yeah, I think Trump's Trump's become even more apparent. He just he just gets up there and lies. He just gets up there and just lies, man. There's no other way to put it. He just goes like he he sees the market going down, he's like, fuck, I'm gonna start cracking lies out here. It's gonna be fucking crazy. Um, so yeah, you you actually just can't trade this market at the moment. There's just no certainty. Um, I don't know how the market hasn't caught on to Trump's just bullshit. It seems to still react to what he says. I guess he's the president of the United States. You just you have to buy what he says. Um, but no, I FOMC, I think nothing buggy tomorrow. Uh, but Trump, however, will see oil prices going up and come out and say it's all fine, guys. There's no mines in the in the strait. It's uh there's there's loads of stuff going on. I saw Thread Guy quote a tweet actually saying Trump said today uh that there's gonna be ships escorted through the strait, and uh not one ship has gone through yet.

SPEAKER_01

So he's just uh he also tweeted a picture of it uh renaming it the Strait of America.

SPEAKER_03

I was gonna say, Santa, you're referring to this to the Strait of America, right?

SPEAKER_02

I wasn't, I wasn't, I was yeah, I wasn't referring to that tweet, but that's also an amazing tweet. The Strait of America.

SPEAKER_01

Yeah, yeah. But so Swizzle, back to you. You you went flat going into the weekend, so you must have had some fears about things being a little shaky or whatever. Well, can you walk us through your mindset as like why you did that?

SPEAKER_03

I went flat specifically on Zek. Not okay. I'm actually I'm very bullishly uh I mean what Sat said at the beginning of the show scares me a little bit because it's pretty counter to where I how I'm thinking and how I'm positioned. But to be honest, I cut Zek going into the weekend. It's a bit of a trauma coin for me, as you guys know. Um but like honestly, it was you know, that's why I was like, by the way. I was making fun of Blunts, but like I agreed with him because I, you know, you were looking at the data, and what scared the shit of uh for me, what was super scary about Zek was like it was like hovering between like you know$205 to$215. And kind of everything about the chart said, like, you know, for me it was a long-term hold, and it's like I have this thesis, but if you remove the thesis, all the data was like, hey, this looks pretty bad. Like, you know, the the like critical support area was in like the 185 to 192 range, and still it was chopping down, funding was really positive, like it looked super crowded, like volume was down. I was just like going into an illiquid weekend. My thought was like, even if I'm wrong and I sell at 210 and I buy back at 220 after the Monday open, I was like fine with that. Um, but I was like, it just objectively looked like a bad chart that was in kind of no man's land. Um so of course, as I cut and then out of nowhere, like it just it just ripped like on Monday, you know, 30% from my sales. And so there's there's no way to predict that. And it sucked. I I felt a lot of pain, but I actually feel like I made the right process decision. It was just a reminder to like to Sats's point. This market is so hard to trade. Um, but overall, I'm I'm sorry to answer your question, would I actually bullish because I think like I keep looking at like where the initial moveset down went. Uh, I've been I've been actually uh I think we're trying to have him on. Pingu uh has been doing some really good perp stuff and he's been nailing everything. And like he made a great point on his stream yesterday where there's whether that takes days or weeks or whatever to resolve, like that there does seem to be a bit of a magnet towards this like 84k resistance area in Bitcoin. And I agree that I don't think we're in clear sailing and we're just gonna be like a bull market, you know, in first inning again. But it seems like there's a lot of momentum towards like we get to that and then it'll be a critical decision area. So I'm actually like pretty um leaning pretty bullish short term. I've I've got a few specific altcoins that I'm like, you know, have been scaling into where I think I'm really just going with specific setups where I think there's a narrative behind it, like the data matches where there's kind of like short squeeze setup potential and then bit and then holding Bitcoin. But otherwise, it's like I hold Bitcoin and hype, and then like I'm really intrigued by Nier. You know, I'm I didn't I didn't bid tau, but I think in hindsight that was an obvious setup. And I think you can play things like that. You just have to be very careful right now with like discipline on invalidations and all that stuff, stuff that I've never been good at in the past. But I'm like, even me, like the delusional bull, I'm being very careful with like. you know, making sure I keep an eye on smart entries get out if you you know you're invalidated or whatever. So it it's a difficult landscape, but I think there is opportunity in these next few weeks and like I'm playing it aggressively.

SPEAKER_02

So well I lost what you said at the end there. My internet went but um basically I bought all the coins that you sold Seth and you know I I'm still in you know the one bag I moved to a different different uh ledger um different place was my Zec and I haven't sold a dime I have not sold a dime of that coin and I will vow not to sell it uh that was uh I've deleted the money from my head um and now I'm a permanent Zec bag holder it's a bit like XPL it's a good I think it's a good move I have Zec FOMO already I'm just I decided like until the there's clear directional like you know until it's clearly uh back in uptrend I'm gonna wait if I don't get an entry I'll be sad but like I think at some point I'll get a re-entry on that when when conditions are a little more straightforward so I'm playing momentum on other things right now. I still believe this may be a controversial one but next cycle we're gonna have a different game to play um it's not gonna be it's not gonna be the games we're playing right now uh there's too much tooling there's too much things in place to you know where it just doesn't it doesn't happen like it it did in the past we're gonna have a new game new chain new infrastructure um and I think that may be on Zec. I think that may be on Zec. We spoke last uh pod about the the new wallet um what AI 16 backed um I think that could be like the phantom springboard like we said uh like it like it was for Solana um and I'm in belief right now that is Zcash um that happens next cycle and I think it's I will be hanging onto a bag and paying attention to that space the most um and I'll be clicking buttons where hopefully I see no one else clicking the buttons um and that is my plan that is my plan for the next month or two even three months even four months even six months honestly just see what comes out of that space um because yeah I don't think it happens where we're all looking right now which is that's a prediction that takes years to unfold. Yeah quite it's not a six month prediction it's a two to three year time horizon thing yeah but I think you can start to sense it after six months yeah yeah there'll be a lot of activity on the chain there'll be people there'll be things going wrong there'll be things there'll be things being tried and there'll be m like the places to put your money um and that's basically what I'm saying like it's gonna be worth you know trying these things out at the start um when it all starts coming on but yeah long way to go long way to go you're gonna make me buy my Zek back back well this is I actually sad it's like I agree with all that but I think this is what one of several reasons I actually gravitated towards near uh as like a proxy to that because the near intense uh we haven't really talked a ton about it but like that's sort of this chain abstraction is sort of what powers like if if Zec does become a fundamental power player in all this near intense is kind of like the pro the transactional processing layer that's going to allow people to move across chains uh seamlessly and be in and out of Zec.

SPEAKER_03

And I think there's something there like a collabor something between the two and so I've been following like the this agentic commerce angle and I think there's maybe it's just a momentum play but I agree with you long term it makes sense that it goes back to Zek. I think the privacy narrative is not going away it's only going to get stronger but like Zek to Wood's point it's gonna take time because they have a lot of cool shit going on but like they have to build that stuff out.

SPEAKER_02

Like there's a lot of scalability stuff that can't be built overnight you know I bro Nir's a crazy one as well because I was bullish near last cycle for so long and Nier was one of my biggest positions and it just didn't take off really I thought that you were a big into it I was a big near guy I was a big near guy I was a big Avax guy as well both uh just did not pay off um but yeah this is uh this is a tough one because I held spot on this coin for so long uh my problem with near is that it always pumps like tail end yeah it like signals the end of like a rip it's always like oh we're pivoting to AI or whatever and then it like rips a little bit and then it just fully dies. You know what how I don't know what's higher you know chain link you know how many things they're involved with behind the scenes and then their tokenomics must be awful.

SPEAKER_03

Yeah I haven't looked at it it's gotta be it's gotta be tokenomics issues yeah every time I open up the chart it's always demotivating and depressing but then I see them linked in all the things going on behind the scenes with RWAs uh tokenized stocks uh like everyone uses them as their price oracle and it's like fuck me you guys are probably making a shitload of money and your chart still looks horrendous so yeah it's got to be making that much money you have no reason to protect your token yeah it's another one of the things they probably regret having a token but so I think back to Nier on that like they did institute changes I think um the the founder I forget his name I don't I'd have to find it but the founder just came out and basically leaned into this whole uh AI, you know, AI infrastructure AI agentic payments basically said like this is the future this is how you're gonna transact and in accordance with that they changed their tokenomic structure they instituted buybacks based off of this near intense uh near intense revenue they've generated over six billion uh they've done over six billion transactions with near intense so like I I think would you're right maybe it is a tail end pump maybe this AI like like uh recreated AI narrative maybe it's very speculatory but like in comparison to like tau which pumped hard really hard this weekend near is a much more simple and easy to understand concept and I think similar to how people said you know when Zek pumped uh from 90 bucks to 700 or whatever everyone was saying well that's a tail end of the cycle type of move it always is um we said maybe not maybe this time is different maybe they were right um at least at least for the parabolic blow off part but let's say even this is true that Nier is a tail end move like that lines up with there could be a lot of meat left on this move here and the with everything going on with AI um you know agentic payments and all that it fits within the narrative it fits as momentum you just had tau run I view this sort of as like Zek ran and then all the other privacy coins ran. Monero had its big move to me I think we're front running the volume isn't huge on this yet but you know I wrote a thesis yesterday for how I think the chart is lining up perfectly funding still pretty flat like you could see a big squeeze happen with this if everything lines up and and I could see the same way you had Zek to Monero, I could see this tau to near rotation. And actually I think the narrative makes a lot more sense because it's easier for people to understand. There's a lot of really simple like buzzwords you can throw in um and it's legit. They have buybacks they have real revenue and it's the most closely connected thing to Zek in terms of like you know this chain abstraction operability. So I'm intrigued I I'm I'm taking a big bet on it. But I'm also aware we have to be very careful about you know is this a real rally for Bitcoin or not?

SPEAKER_02

So yeah still with this thing like the whole agentic payments and stuff stuff I just feel like it's still a nothing burger. I I just can't get my head around it actually being like something materially sticks around for a long time I just think no one like no one outside of our little group cares or like our our little bubble in crypto cares. And yeah I don't know I don't yeah I don't see anyone in web 2 really talking about it.

SPEAKER_03

It's more just uh but would you agree that even even if it's a long road to it happening would you agree that the idea of it happening could lead to a a lot of price movement within that that sector on the speculation of it right that's what I'm betting on. I agree with you there's a lot that needs to happen for it to hit its final form and actually matter. But yeah um yeah but what is its final form is what I'm saying I don't think anyone knows yet yeah I don't think it's too much it's too early to say it's like you can't door dash in um like Claude can you door dash me uh a burgie uh at two o'clock today like that's what that's what in my mind what it is right now like maybe I can't get past that I think there's a lot of microtransactions that are going to happen on the on the back end like the API calls and the credits and all that like you know you could have these agents going around interacting with each other making you know thousands of transactions a second um in a not right now but in a future like there's there's plausibility for that and that's what people are excited about because also these are like fractional very very cheap transactions so like there's also no guarantee even if that happens it might it doesn't mean there's a specific chain that's gonna benefit like financially from that. That's the other risk. It's like this could be cool shit that happens and we don't really have a proxy for like you know getting a market exposure to that.

SPEAKER_01

Yeah yeah well we'll we'll find out um but yeah I mean Zach I mean dude in we got I had this guy Jason who uh works for FOMO is in a chat of ours and he loves to use uh uh avwap trend lines and he'll do them on 50k shitters to Solana he's he's is this like the is this like the average buyer yeah yeah yeah yeah it's his favorite thing of the world and he he he he just sent one in to a chat for for Zach and Saul because I because I know he's listening to us right now. And he loves to do them on 100k shitters and I I saw him doing it on Zach and I just can't I I'm struggling to take it seriously because Zach is how many how many years old uh 2016 so I love you chase this is fucking crazy made me laugh and I had to I had to call that out um but it works pretty well on the 100k shitters right might work on Zach who knows I it it works on the 100k shitters until someone like me decides he's bored once one clips it um um man uh as far as like agentic payments goes I have no fucking idea I still haven't opened up my Mac Mini yet and I still use ChatGPT so you guys are asking questions about agentic payments and uh all that um you know I I did use AI I've actually like becoming I'm trying to use it because I'm a boomer and I'm gonna be left behind um and it's part of my bear market uh things I need to to improve myself um well first step is getting the getting the Mac out of the box yeah getting the Mac out of a little unboxing maybe we'll do an on-stream unboxing I really should once my once my wife uh puts me out of uh says I can go on camera which it's a work in progress we're getting there I think I'll be big for the risk on pod that'll be a big day big for the risk on pod yeah well it it didn't help that there was a robbery like 15 minutes from my house involving crypto oh that's not that's not great not great not great so that set us back a little bit guys yeah but overall we're trending in the right direction you need first step on this whole AI journey at wood you need to get off chat GPT and get off the Claude I know it's funny I've I've been told that uh chat GPT is for boomers oh yeah it is and as a boomer it feels right you know yeah it is I'm telling you the Claude like the the$200 Claude membership is overkill but 100% worth it 100% 200 a month is it so like is it a big difference like what do you you know use$200 a month for it's just what are you doing on it bro I have I have Claude on like as soon as you know you open your phone you can customize your your like your your thing I have the Claude button right there ready to go.

SPEAKER_02

Everything every decision I make I'm like let me check on my boy let me check on my boy like let me see what he's got to say about this you might have some potions uh but no he's great um I get through the 200 but I also just vibe code random shit um and send it into the group chat because I think it's fun uh so yeah I I do go through the credits but you need to get off chat GPT complete game changer on Claude I'm the same I'm the same Sans I imagine you could also use your I bet chat I the most premium version of ChatGBT could probably handle most of the same stuff.

SPEAKER_01

But uh I have the most premium version of ChatGBT but I just don't use how much is it I don't even know I just bought it I I bought it like aspirationally I was like it wasn't like uh I use this for anything it was like I'm gonna buy it one day I'll one day I'll get there and then I just haven't gotten there yet and like the most I've ever the most I've done with it is I've asked it to like create a packing list for me for something. That's big that's all I've really used it for.

SPEAKER_03

How and were you well packed for the trip?

SPEAKER_01

Well I haven't gone on the trip yet but when I go on the trip I will be well packed for it it was great it was it was great you know it did all the things that you guys know it does.

SPEAKER_03

Um but we do need stats to vibe code us some sponsors up real quick here. Yeah yeah we need we need his claw to get on that yeah he actually does he actually does uh he's getting there he's getting there we've had uh we've had a few but we're seeing what Raj pulls out the back we can also see what Raj pulls out the back um in other news did you guys see open sea delayed their token for the 27th time oh thank god Jesus I did not know I didn't know there was going to be an open sea token because the open sea token was going to save the trenches just like the Pump Fun token's going to yeah Jesus man I uh I think the OpenC token is honestly the last thing we need right now um if you're a buyer of the OpenC token I you know I don't want to be too bearish on them but I don't think you're uh you don't think you're making the great move uh who's this defenzer guys this the uh is the founder founder token has gotten so they haven't they have not sunset open sea yet it's still a thing no they're still running strong i i think they still do volume though i was gonna ask what are their revenues what are the open c revenues these like may are there still like nft traders or do they do did they change their product is it still just nft marketplace or do they do something different i was thinking still just nfts but like when you when you say you want to buy a punk where are you gonna go I'm gonna go to open sea i'm gonna go to open sea every time um but i don't think there's that many biased so while I'm looking at open sea right now uh the largest one day volume nft is uh hypers which are the hype things and 154k next oh I assume you bought the hyper I thought you did those somewhere native on hyper liquid yeah I think apparently you can buy them there and then after that you got punks how much volume have they done 95 E. Oh Jesus how are my big how are my Bitcoin puppets doing it still one puppet one million dollars yes one day one day it will be um and you can buy them on there anymore no you buy them on Magic Eden no no they disabled support magic eaton yeah they disabled it yeah they disabled bitcoin support no so where do I jump that just that sounds bad for my puppets man yeah yeah so there's nowhere to go or I guess you could do what was it like unisat was that that was for runes maybe yeah but I think I think you gotta get on the the Bitcoin uh the main chain and start clicking guys good luck at that lightning network yeah you're telling me that I can't even sell my Bitcoin puppets on Messi no I don't I I'm pretty pretty competent I'm on it right now that's not true I don't think that's true.

SPEAKER_02

Am I chatting shit? I don't I think I feel like I'm not I feel like they decided you're not I just searched for it it's not there. Yeah they're not bro they've packed up I'm telling you guys so they're just a salon what it's a do they sunset it or it's a salon of magic did they just I think they they're pivoting to a gambling site I'm not even joking.

SPEAKER_01

They're pivoting to Magic Eames pivoting to a gambling site?

SPEAKER_02

Yes I'm pretty confident no I'm pretty confident that they're pivoting that's how down bad NFTs are that they're trying to become the next Toshi bet yeah yeah they're just they're just going you know what guys where's the money being made right now gambling let's get out of this shill let's get out of the shell NFTs let's get out of it okay so where can you do anything with ordinals?

SPEAKER_01

Uh Noah I I think pretty pretty much Noah that's a tough break man yeah the good news or bad news well the good news for me now that now knowing this is that I lost my C trace for my puppets I 100% don't awareness and I can't download and like whenever I click on the wait and I own them on my Magic Eden wallet. Yeah and and it's your process which is wait but my Magic Eden wallet is the only thing I have connected to the Bitcoin network.

SPEAKER_02

No that's getting worse something sounded like the NFTs are gone. It sounded like they're gone. They're burnt NFTs that's what a lot of that's what sound like maybe this is bullish for puppets.

SPEAKER_03

Maybe everyone's keys uh I'm actually texting my buddy right now he was like the uh you guys remember the Bitcoin frogs yeah they were they ran hard for a minute he was he did the launch for that i'm I'm asking him right now we'll see if I can't get me where can you actually interact with ordinance yeah I'm sure Magic Eden tweeted out like six months ago we're sunsetting this and you have you have six months to do it and I just never saw the tweet.

SPEAKER_02

I I only I only saw that it was put in one of my group chats and there was almost like Magic Eden's pivoting to a gambling site and I was like what the hell is going on like this is yeah this is like when those guys who had the hype airdrop didn't like accept the terms and conditions and then like cried about it but that was a hundred times worse.

SPEAKER_03

Yeah that was bad that was bad that was bad that was bad yeah people had literal millions of dollars because they didn't uh click some buttons yeah uh when was the last time either of you guys bought a coin that was like a shitter like a shitter on the Solana like not a not a like on sex coin not a sex coin on bass on Solana on whatever because uh I haven't bought a coin in two or three weeks man I this is controversial you know as the as somebody works at a launch pad bro it's tough out there right now it's tough out there right now um ceilings are like a hundredk like it's pretty rough it's pretty rough out there yeah and what made me think of this do you guys think on-chain will come back like uh like is there a path back for it I think we've kind of like talked versions of this conversation but I think it's a you know I normally there'd be on our show there'd be you know hundreds of like the the trenchers in here like calling us idiots saying oh it's because of market conditions but like I think it's for the first time ever it's really a fair question right now isn't it like because before like the volume would dry up when prices were bad and everything and on-chain would have get flushed now it seems like a broken game problem uh so I'm just curious if like do you guys think it comes back to being tradable conditions on chain um you know man it's a tough one to say it's a tough one to say I think the conditions do get better in in time but like it has to get worse before it gets better right now.

SPEAKER_02

Like it still has a long way to go. I don't think I don't think the trenches of this cycle know what bad looks like like I think they yeah that they they think this is like you know this can't get any worse like oh it can it can and it probably will um there's still players left and I remember trading last cycle and I would you you would you would see the same five wallets across all the coins like there would be no one there would be no one else I don't know if we get back to that stage but I I think yeah this cycle like all the participants don't really they don't remember what it's like to uh to go through the absolute depths of hell so yeah but even right now like even if Bitcoin like faked everyone out and it just ripped straight back to 100k I don't think you would see the effects of that on chain right now you wouldn't see any change things would it no I agree because it it's like players like yourself like players like yourself and would both are like they don't want to play anymore and you guys were the you guys were the main buyers of these coins um at some point so you guys were the the main guys who moved these coins from say two to three mil to to five mil to six mil um me included I was I was usually a buyer in that area as well and now all of us are like you know what like there's better things to waste my money on um there's better risk to take in the market so I've got a Jewish lady to beat in a negotiation that's way better than gambling on shit that's a harder that's actually a harder challenge than you should go back to the trenches actually um but no I I I I don't agree I mean I think in the short term they're fucking dead right now we lost sets sets is also dead in the short term I think the trenches are fucking dead there's no path in the short term for them to come back but like we've got people you know we we got zinc telling us he's buying shitters on tau subnet

SPEAKER_01

Right? Like the game just moves. Like, and if we think like what Sats said, like what what Sass was referring to, like shit's gonna be happening on Zach. Like the trenches just move, right? We won't be gambling on meme coins on Solana, we'll be gambling on I don't even know. Zats isn't i is is uh uh isn't here to give a smarter answer than this, but like uh something privacy related on Zec um or subnets that power Tao. Like we'll be gambling on things like that. Um, and maybe that will be like the equivalent of like AI season, but there will be uh more of a facade of a use case behind it. Um whereas this cycle was purely like strictly like the meme coin super cycle. We gambled on worthless vaporware. And I think there will be a shift towards more use case type shitters that will still be vaporware, but we'll you know believe it a little bit more. But like price go up and we'll be back gambling in the trenches, it just might not be in Solana, it might not be in base, who knows where it'll be.

SPEAKER_03

So I'm gonna I'm gonna give a possible counter that's gonna most likely age very poorly. And and I feel like at every iteration, every cycle, some people have very confidently said this, and it's always wrong, right? But do we have to acknowledge the possibility that the market is maturing, the crypto market is maturing, and you know, you're starting to get real regulatory stuff, legislation passed that clears people up, institutional buyers for some of these like you know, centralized exchange listed coins and you know uh chains that have functional use cases and you know crypto uh back, you know, end rail apps and everything. Maybe this era is over. Like maybe the the shit coin trading uh you know, hyper speculation site like life cycle stage of crypto, I think we have to acknowledge there's a chance that that is on its back legs. You know, because like it's no longer going to be an industry that it's in an infancy that people don't really know how to use it yet. Like we're nearing the end of that. So I think there's a chance that, you know, I again I think I'll look stupid in a few months, probably even, but I'm acknowledging that there is a chance that there's not a next game.

SPEAKER_01

Yes, but also no. I I think there is a chance, and the only reason I would say that there is is because the normal ass people last cycle that we had, like gambling on shitters, like your buddies John and Paul or whatever normal people are called where you're from, would be like, Oh, like, did you buy like Elon's dog or whatever? And like this cycle had never happened. Like, I never had buddies text me about buying Wiff or about buying like whatever shit coin. The only example I had was recently my buddy bought the war coin, which I was very which was very random that that was the one coin he bought all cycle, but no retail never meaningfully entered the market.

SPEAKER_02

Wait, uh can you guys hear me now? Am I back? You're back. All right, I'm back. No face cam though, folks. Internet's down on the phone. It's just a fucking car crash. It's a car crash. I think yeah, they must have heard me speaking about on-chain and was just like, let's get this guy off right now.

SPEAKER_01

Let's get this guy. Get him off. Yeah, so Swizzle thinks that we have to acknowledge that on-chain uh might never see the type of volume it's seen in the past. Um, and it might like the highly speculative part of crypto gambling might be over. Um, Sats as a big take. It is a big take. Someone says it every cycle.

SPEAKER_03

Sats, you were off. And I said I'm probably going to look stupid in a few months because someone always says this confidently. Yeah. Um and then there's always the next thing. But my point was like, it is at least worth considering right now uh that like we're no longer in that infancy stage of like people are totally speculating on what crypto is and how it can be used, and therefore there's this like flush of people just doing random shit. Like, we sort of are getting clarity on like what the use cases are, how people can build products using crypto as back rails. And I'm just suggesting, like, you know, it's possible that there's gonna be greener pastures elsewhere for speculation, you know, true speculation behavior. Um that said, I'm like, I'm not like gonna put this into my ethos, so like this is how I'm acting. I'm just saying, like, I'm gonna operate under that, where I'm not gonna like jump, you know, with a wide open mind into the next thing until I really see some confirmation. That's how I'm really gonna act.

SPEAKER_01

Yeah.

SPEAKER_03

Is like I just I'm gonna be I'm gonna choose to be a little late to whatever that next game is because I'm not I'm not 100% sold on what's left to do here.

SPEAKER_01

I think that you're 100% right. As long as Bonk Fun remains online, there's uh remains offline, there's no world the trenches can come back. Until Bonk Fun is back up and running, the trenches cannot be back.

SPEAKER_02

Can't be back. Yeah, it's a bit of a it's a bit of a situation over at BonkFun to say the least. I wish I could speak more on it. Um I wish I could speak more on it that I will in due time. But just so everyone knows, it has been fucking carnage. It has been carnage, as you guys can probably imagine. And uh, you know the what the craziest part is like as tough as it is to say, um I'm near in in Team Swizzle Camp. I I think volume doesn't return to what it was. I think that's not a crazy take. I think like I said this last pod, um, I said like, oh I don't think we're ever gonna get a coin like Wiff. And everyone was like, what the hell? What the hell? What do you mean? Like you're stupid. And I I just don't think these guys have been around like this this uh this long. Like what we saw this cycle was was like no other. Um and yeah, we have we have uh limited coins now, like it's a very different environment to what it was last cycle. So I don't think it's a crazy take to say we're not gonna have another whiff what goes to five billion. Um, but yeah, it just it is tough to see. I think I think the one thing we do see, um, this is what I'll say. I don't think we have this massive crazy volume back when it comes to memes and on-chain or anything like it was in 2023 or 2024. I don't think we ever see that again. I don't think that's a crazy take, even as someone who works at the launchpad. What we what I do think is maybe in the future, when there is some sort of game to play around tokenized equity, we have things going very, very silly again. Like we have, because I think that's the most interesting game to play. Um, but like I said, I don't know how long away we are from that, or that even being a game to play, um, even if it is reasonably possible. Um, but I think that like in terms of the trenches and like maybe low caps or semi-low caps, um, what could pull crazy numbers is the game of tokenized equity.

SPEAKER_03

What would that look like, Sats? Like, like, are you saying it would be almost like a you'd have like these almost like open source Y combinators or whatever where the floodgates are open and people can just like public participants can fund and get early stage equity in these companies? Like, is that effectively what you're saying? Obviously, you'd need this whole securities stuff to get kind of sorted out, but like is that and then you're saying these all of a sudden valuations would go crazy and get inflated and you'd have froth? Or are you turned like how would it work?

SPEAKER_02

Yes, that that's what I'm thinking. That is what I'm thinking. Yes, it's a we got a long way to go. Like, there's a lot of regulations to be to be worked out, and I don't think the tech is is there to even make it happen right now, but I think that's the game what brings back a lot of froth. Um, because it's just it's never been done before. No one and it's like it's always a hot topic. It's always a hot topic. And then everyone would be like, wow, these tokens actually have some sort of value. Holy shit, like this is the first this is the first time ever in crypto. Jesus, who would have thought? Um, and I think that brings back the throth. That would bring me back with size on chain. Um, because like that's where I would be most comfortable speculating. But until then, um, you know, I think it gets probably worse before it gets better. Uh that's even like you know, like I said, coming from someone who works at a launch pad. Um I think a lot of these people who are going crazy right now um saying it's over. Uh and or no, saying that like it's is everything's fine and we're gonna be back in no time. I think you know, people weren't around last cycle and they don't realize how bad it gets and how little uh people will be left on the chain when when it's all said and done. And then all of a sudden, that's when your coins start going back up.

SPEAKER_01

Yeah. I mean, I can't believe you've taken over as resident bear, by the way. I don't know what what the fuck happened to you, Set. That was my job, and you've just taken it. So um I think uh, but like we're always gonna gamble. Like go look at the gambling statistics across the country. People are gambling on the market. People want to gamble on everything. We're gonna come back to Crypto Gamble as the best casino in the fucking world. Um is just my simplistic uh take on it.

SPEAKER_03

Um the problem is though, would it not right now until they figure that out, like but it will be again. We'll see. Yeah, I mean we'll see. But I guess they they're just yeah, I guess if there's if there's fixes for some of the, you know, if you if you can no offense, Sats. If if we can remove the launch pads from the equation, if we can get rid of those things, then there's maybe a path. Those things have to not exist. We can't have you know, I'm not gonna name a specific launch pad, but any of them can't be in the control seat of all this stuff.

SPEAKER_01

They need to be in the liquidity and all that, yeah. They need to be not involved. Yeah, yeah, yeah. I mean, have you guys seen this picture that just got posted? Uh Vanity Fair had an art. I don't know if it's real or not. Henry, can you pull this up? I'm gonna operate as if this picture's real. Uh Vanity Fair Crypto people. Wait, look this up. Hold on. Before I haven't pulled this. Vanity Fair Crypto. Have you guys seen this picture floating around? Oh yeah, it's real. Oh my god. I've not seen it. Pull it up. Is that Kobe top left? Pull it up. Pull it up. What is this from? Uh Vanity Fair wrote an article that is titled Crypto's True Believers Demand to Be Taken Seriously, and this is the fucking photo.

SPEAKER_03

But is this from years ago? This can't be.

SPEAKER_01

No, this is from three days ago.

SPEAKER_03

No. Who are these?

SPEAKER_02

Is that meant to be a depiction of Kobe top left? No, these are real people. Oh my. Three hours in the middle of the room.

SPEAKER_01

Is that Kathy Wood? I think that's a good thing. That's Kathy Wood. So these are the people in charge of our future, apparently. Is the guy is the blonde guy?

SPEAKER_03

Is that Olaf? Is that the coin, the early Coinbase guy?

SPEAKER_02

I think so. I think no, I think it is. I think you're spot on right there.

SPEAKER_03

And people And then we got Pitbull in the red suit.

SPEAKER_01

Pitbull was a crypto guy. Pitbull, big crypto guy, Mr. Worldwide, bro. Mr. Worldwide. Olaf Carlson Wee. That's his fucking name. Carlson Wii. And we wonder why no one likes us or takes us fucking seriously. Wait, Michael Novokratz is the bald guy? Is it? Oh, that's Nova? Nova comes. That's not. That's not. It is. I'll send the article in the chat.

SPEAKER_02

Oh, me and Swizzlefoy is pitbull. It's a disaster.

SPEAKER_01

It's a disaster. Alright, we got Michael Dovocrats. We got uh we got the woman to the right of Olaf is Milton Demores, who's a co-tour ventor evangelist uh evangelist. Crucible Capital. I don't know what the fuck crucible capital is. Uh she judges potential investments on a sliding scale of tis, which is uh charisma and autism. Real quote.

SPEAKER_03

Interesting fair article charisma and what?

SPEAKER_01

Uh autism. Not a joke. I'm not making serious quote. That's a direct quote. So what's up with the chick in the back?

SPEAKER_03

Why did she get like why'd she get thrown into like the back left corner? No, no, no, no.

SPEAKER_01

Alright, I got her, I got her who she is. That is Yuchi Lira quo. Uh uh the guy on the left is Finzer. The guy on the left is Finzer. The guy who to um back left is the Open Sea guy. Oh the Asian woman to his right is uh another co-founder of OpenSea. So they put the co-founder as a fucking OpenSea in there.

SPEAKER_03

And that's Wood, and it's Wood on the left with the legs. With no shoes, by the way. No shoes is barefoot in this photo.

SPEAKER_01

That's the barefoot. He runs Etherealize, which I don't even know what the fuck that is. So basically, crypto is on its fucking knees right now, and Vanity and these fucking guys are posing like this to the world, and they're like, this is the future. Kathy Wood, who's down 10 million percent on all of her funds for how long? Forever. Forever. Forever. And we and then they're like pit bull and the open sea guys. These guys are it.

SPEAKER_03

Vanity Fair polled some people. They were like, hey, so like what's the most, you know, the hottest, most influential company in crypto? We should get someone that's uh OpenSea, right? Let's get that the NFTs, yeah. One of the top five most important things happening in crypto.

SPEAKER_02

Crazy, man. They could have got Tolley, they could have got Brian Armstrong.

SPEAKER_01

They could have put me in there, it would have been better.

SPEAKER_02

They could have put not a nice cat 69. Jesus, man.

SPEAKER_00

Jesus.

SPEAKER_02

So we got Pitbull, Kathy Wood, and a knockoff Kobe.

SPEAKER_01

A knockoff Kobe and fucking Olaf from Frozen. So there you go. Um all right, so the future of crypto is in is in these guys' hands. So I don't it does it doesn't matter what Sat, Swizzle, and I think about the future of the trenches. These are safe hands, though. These seven people are gonna save us, are gonna save the trenches. Um I feel safe. I feel like a fucking I sleep like a baby.

SPEAKER_03

I know I feel safe in Olaf's hands because he got he's got these bike gloves or whatever they are.

SPEAKER_01

So he's got a lot of things. Um we'll be back Friday. I confirmed we got Pingu's gonna join us Friday. So he can teach us a thing or two about charting. I think that'll be a good episode. Um, not just us talking about random things, which we probably will because Pingu's a very weird guy. Um he's a great guy. Uh he's a very smart guy. Um we'll be back Friday uh 12 Eastern um post FOMC. Hopefully we're not dead. Um and oil is not at$175 or something. Um and Blunts is is right. Um and we just back to$400, guys. Back to$400.

SPEAKER_03

As of today, Blunts is right. Yeah, Blunts is right, guys. If he did if he did, in fact, get back in after he went flat. He sure didn't. No chance. He'll tell you he didn't. He sure didn't. No chance.

unknown

Sure didn't.

SPEAKER_01

Alright, guys. See you guys. Uh we'll see you guys. Uh go download FOMO. Uh promo code risk on, 10% off trading fees, and uh we will see you guys soon.