Ansem vs Cashcat, Saylor Sells, LIT Rips | EP 77

Covering:

• ANSEM and CASHCAT battling for liquidity

• Saylor increasing his USD reserves (aka selling)

• Are we back at war?

• Robinhood Chain quickly turning into Solana

• LIT is up only

And more 🤝

Transcript

SPEAKER_01 0:01

Welcome to RiskCon. Episode 77. Brought to you by FOMO. Go download the app today. Use promo code RISCON to help us uh get back to break even via ref codes because uh I'm an inadequate trader. Uh trade tokenized stocks, trade perps, trade it all. Trade on FOMO. Um how is everyone today? I'm trying to stream from my personal account today, in addition to the Tri-Fomo account today. You guys uh weren't there for that, but you're gonna have to do this next time too.

SPEAKER_02 0:38

I didn't know we were doing that today.

SPEAKER_00 0:40

I didn't know either. Woods ahead of the game.

SPEAKER_02 0:43

Just trying to juice the engagement uh off his he's siphoning off of Risk On Account, huh?

SPEAKER_01 0:48

Yeah, trying, I'm trying to steal from Risk On Account. I you know want all the metrics for myself. Um I'm currently you know, last episode, if you guys recall, I said I was gonna make it my sole mission to fight with Robinhood guys for a day. Yeah, and make it I it was very successful. Engagement was wonderful. I think I took it too far. I'm like five days in now, and I think the bit's getting old. I think I gotta find a new bit. Um but what we can do now is pull up the raw the cash cat chart because it literally just did a gnarly red candle.

SPEAKER_00 1:25

It's not a not a great one.

SPEAKER_01 1:28

Give it to me. Where what what are we at now? I'll let's rebound in a little bit. 165.

SPEAKER_02 1:33

I think we just gotta zoom in. You just gotta zoom in on that. Yeah, make it look bigger.

SPEAKER_01 1:37

One candle, make it look really big.

SPEAKER_02 1:38

Zoom in a little more, just figure page if you're an iPhone. Yeah, yeah. There we go. Fantastic looking thought. Wow, Wood was right again. Wood's right again, yeah. This guy. Straight down ever since Wood started uh bear posting. The guy just doesn't miss another win.

SPEAKER_01 1:57

And you know what? We're we're gonna forget the fact that when Sats told me to buy at 15 million or whatever it was, that I was too lazy to bridge and just went to bed instead and they missed the entire move. And instead of bidding like a smart person, I just decided to be a hater.

SPEAKER_00 2:11

Bro, can can they buy Ansome now? Like, what are these guys doing? Can they bridge? Can they can they bridge back to Seoul and buy? Sure.

SPEAKER_01 2:19

Well, that's what it looked like they were doing yesterday.

SPEAKER_00 2:22

Yeah, I was oh man. I just I was I was hoping so badly it broke 300 mil. Just seems to can't get across there at the moment. Um it's kind of painful, kind of painful. But I know I'm just getting impatient and uh being annoying. But I mean, that's not a good looking chart.

SPEAKER_01 2:40

This is Cash Cat or Ansome? That's oh that's Ansome. We're gonna pretend that's not Ansome. We're gonna pretend that's not Ansome.

SPEAKER_02 2:51

What is the is this the daily? Because it looks very different on uh I know we're not supposed to do this, but I'm gonna pull up the bird eye chart. Guys know I can't help myself.

SPEAKER_00 3:01

Yeah, this guy, this guy in bird eye, bro. This guy don't even spend it.

SPEAKER_02 3:04

I'm a boomer, man. I can't help myself, but I'm I'm the only reason I'm wondering is it looks very different. Oh no, it looks looks pretty bad on bird eye too.

SPEAKER_01 3:12

Yeah, yeah, yeah. I mean, it's gonna be okay. You know what? It's just gonna paint a bull flag right here. We're gonna chop a little bit here between 230 and 260.

SPEAKER_00 3:21

Something I can get behind for sure.

SPEAKER_01 3:23

We're gonna, we're gonna, we're we're we're gonna three jerk mark. We're gonna you know try to hit random mill again, we're gonna get rejected. We're gonna go down to like 260 and make a lower and make a higher low. And then we're gonna go just straight big green dildo or big black dildo, we could call it. Right up to the right. Yeah, Rob to 400 mil. Right up. Not 400 mil, 2 billion.

SPEAKER_02 3:46

Why stop there? Why stop there? No, I mean, in reality, there's just there's not, it's been proven out here, there's just not enough liquidity right now. Like it's getting it's getting better. I see why people are optimistic, but like, you know, it's no coincidence that, you know, if there's two major meme coins running in Cashcat and Ansome, the day one goes up, the other goes down. The other one recovers, the other one goes down. Um there's just not, you know, I think the hope is that more liquidity comes on in the coming months, but like we're in the summer right now, it's been a bloodbath in crypto, we're still ranging. It just doesn't, you know, it doesn't seem super probable without some major catalyst right now for for both of these to go vertical at the same time. It seems very difficult to imagine.

SPEAKER_00 4:35

Yeah, it's uh every time I'm literally, it's like I think it's tested 300 mil like four times now. And every time I've been staring at the chart, like every time I've been staring at the chart, waiting for for something to happen, and it simply just reverses. And I think that's a good thing.

SPEAKER_02 4:52

Which token are you talking about now?

SPEAKER_00 4:54

Ansom Cash Cat hasn't even gone near 300 mil. It never, I don't think it ever broke 250. I think yeah, the the highs are two 225. Um it's gonna take a lot more for that to break 300 mil than uh than Ansome here.

SPEAKER_02 5:09

So so a question for you though, Sad, that's because like I I feel like um we're now dis we're now desensitized through the bear market of like stuff having lower ceilings, but also in a way, it's like I feel like people's ADHD on chain has gotten worse because even with like these the nostalgic memories of the great coins in 2023 and 2024, it's like in our memory, in their our distant memory now, we remember these things just going straight up in a in a straight line all the way to a billion with like no scary stuff and no dips or whatever. It's like I don't I don't have the the numbers and like the actual historical data, but like I don't think that's what happened. No, like like this shit this stuff took a long time. And uh like I don't think any of these tokens ever went to billion without like multiple like deep scary retraces and then like time that it took for them to actually recover. Like they go up in quick bursts, but I like I just think the there's like a an expectation now that if it doesn't go up again immediately in the next two days, like, oh, the whole thing's over then, you know.

SPEAKER_01 6:26

I think that's because there's so many new coins being launched and so much like and so little liquidity that like people are like, oh, there's no second leg here, we're not gonna bid it, we're gonna we're gonna be early to whatever the next thing is. Whereas back in the day we didn't have that many coins, so that wasn't an option.

SPEAKER_02 6:43

Well, we did, but it was like I think the mentality was okay, like it's retracing. So before the second leg, we're gonna go trade these new coins, and then we're gonna rotate back to get in for the next leg, and that's what would feel the next leg. But now it's like they never return back to the first one. It's like, oh, find the new one, find the new one, have to be early, have to be early. Yeah, you know what I mean.

SPEAKER_01 7:06

Yeah, um, like holding with was so fucking hard on popcorn. And pop pop was actually the hardest hold of the whole cycle, I think. Yeah, if you held Popcat, I I I I bought Popcat in size around like 70-80 million and got shaken the fuck out in like 120 or something. I remember. I remember holding like 250 and being like fuck yeah, and then it dropping 50 and being like, I just like can't mentally do this. It was just like up. It did there were probably at least 10 negative 70 retraces on Popcat.

SPEAKER_00 7:41

Yeah, it was it was brutal. There was yeah, it was some 90s as well. All right, I held that shit since like five mil, but I think that's the luxury when you're in for so early that yeah, didn't really matter. I didn't really care because I was I was I was no matter what, I was gonna be in profit, and I knew that. Um, like even when it went to 400 down to like 150s, 100 again. Like I just knew I was still so in the green that I wasn't asked. But with things like Ansom where like my entry isn't that amazing, you know, you definitely do pay attention more, and it's also just a very different time. But I did sell all my cash cat, unfortunately. Um unfortunately, yeah. I sold it all around like I think my average exit in the end is like 180, 185. So I'm pretty happy with that. Pretty happy with that. Yeah, and I rotate all into well not all, but 75% into Ansom at like 190, 200. That's pretty good.

SPEAKER_02 8:43

That's right around where it bottomed, I think, right? Maybe what? Yeah, yeah.

SPEAKER_00 8:46

That was like I remember saying in group chats that's where I really wanted to answer, and usually I pre-fire on them entries, um, and I end up with a higher entry and selling at the point where I actually wanted to buy. Um but I held on, bought, bought the lows, but it's just you know, it is a pay.

SPEAKER_02 9:03

To be fair, it didn't even hit there for long because I remember you and I were talking about it. I said I might add there, and um, I mean, I just wasn't, I don't, I don't even I saw it as a glance, but I don't think it stayed there long.

SPEAKER_00 9:15

No, it didn't. I was literally waiting for that price. I was staring at the chart. Yeah, you and I went off. Yeah, I was literally staring at the chart, waiting for 200. Um, and I was like, when it got there, I was like, oh my god, this looks like it's going lower. But I just bought and hope for the best, and it seems to pay off for now. That is um cash count is dipping, so that means Ansom's going up. I hate this. I hate this by the way. This is so this is so awful to trade. And like, if Vlad tweets, my Ansom's gonna go down 50%, you know.

SPEAKER_01 9:47

Do you think Vlad's gonna tweet? I wanted to talk about this because I my timeline is full of is full of like I think Zoomers, like who maybe are maybe I'm like in the middle of this Twitter war right now, so my algo is feeding me this. But I keep seeing the most annoying tweets and like theses by people about how like this is how like the future of Robin Hood's layer two depends on the success of Cash Cat. And these are by account with like 20,003,000 followers that people like listen to saying things like that.

SPEAKER_00 10:20

I I don't know if he will, but the spec, like I think he's gonna still like subtly interact with meme coins, he's gonna tweet about memes, he's gonna, I don't know, maybe respond to a tweet or something. I think that's the best they're getting. He's not gonna just go out and say fucking buy cash cap. But the the main thing people cling on to is that is he gonna list it? Um I don't know, man. Can he?

SPEAKER_01 10:47

Like he's like Robinhood is a highly regulated financial institution.

SPEAKER_02 10:52

Yeah, but they've listed memes before. I think they can do whatever they want on that front. But I'll say this I think they may list it at some point. I don't think Vlad's ever gonna mention it again. I don't think he's like, even if he does, it's one of these things where it's like, think about the interactions he's had already have been pretty soft and like, you know, it's it's not like he's engaging with people on crypto Twitter about this stuff. Like he's tweeting about the Trump accounts that they're working on, like every few hours, and he made that one comment and everyone just latched onto it. It's like, yeah, uh, I hate to break it to people, but like this is not a focus for him. He like he recognizes it, but we're creating all these mastermind theories about how he's like focused on this and thinking about it. Like, I I hate I hate to break it to you guys, but like he's very likely not thinking about this and and not gonna talk about it again. Um and even if he does, even if he does, this is like, and I have bags, I'm fudding myself. It's the worst, this is the worst kind of trade, just objectively. It sucks because it's like you think it's another asteroid. It's basically the same thing. It's worse than an asteroid. It could, I mean, it could be it, it could have a higher probability of him like engaging again in the future than Elon because we know how that stuff works, but like just think about what you're doing is like you're just creating your own like uh self-imploding, self-fulfilling prophecy of like problems. Because what happens is you have this massive buildup of everyone talking about like the coin will go up when he does this, the coin will go up when he does this. So, what does any smart trader do? Is they load up, and the second it happens, they're just gonna fire cells into that candle when it comes. Um and it would like, yeah, it will have a chance to go up, but then your window to get out is is very difficult. And you'll have no idea if it's uh do I hold through this because it's actually gonna happen, uh, or do I sell? And so either way, you're gonna end up with faced with a really difficult decision if and when he ever does interact, which he may never do.

SPEAKER_00 12:58

It is kind of giving asteroid vibes, it is giving asteroid vibes, and that's why I inevitably ended up selling even the moon bag as well. I just can I see it crawling to 400 mil or something. No, I think I've got a better shot in Ansom. I think I think that seems to be consensus, though, no? Or am I wrong? What are you seeing a a different a different side to what I'm seeing here?

SPEAKER_01 13:21

I don't think that's consensus at all, actually. I actually was in a chat in in in Shink's layer yesterday. Great place. They uh our boy VRBL, what did he call it? He he basically called me a coping homo, I think.

SPEAKER_00 13:39

A coping homo. Interesting.

SPEAKER_01 13:42

Maybe accurate, but potentially accurate, but I've never seen so many people so butthurt on my TL that people are making money on another chain. It's unreal.

SPEAKER_02 13:52

Wait, so I'm sorry, I'm lost. So they were you're saying what's not consensus? Ansom's not consensus.

SPEAKER_01 14:00

I think people are still, I think Robinhood is consensus. Really? I think we're contrarian like Solana future.ethers.

SPEAKER_00 14:10

Well, being being an Ansem?

SPEAKER_02 14:12

Not being an Ansem, it's being pro, being more bullish and just like assuming that stuff is gonna go back to Solana and that Robinhood is another L2 trade. Yeah, flashing the pan is is is anti, it's contrarian because people think Robinhood is the future, is the consensus.

SPEAKER_01 14:28

Yeah, Sobey just posted like uh an hour ago that uh Robinhood is giving 20 early 2023 Solana 5s.

SPEAKER_02 14:38

Really? He's probably now everything he does is Sobey could be a shit post.

SPEAKER_00 14:41

Yeah, and I think let's be fair. Also, also Soby posted seven minutes ago any mentally ill women want me.

SPEAKER_01 14:48

So but so maybe maybe I'm falling for Soby in the same way that like people keep falling for my tweets lately. Like I've tweeted out like three complete pastas and sarcastic tweets, and Ansom has replied to me saying, like, let's go, brother.

SPEAKER_02 15:10

Yeah, no, but it but I think you're right. Like, peep some people are I don't think it's Soby, but I think a lot of people are genuinely thinking that. Um which is funny because like if you look at what's actually happened, the price action and what's happen it's just like basically like all the same, it's just the same meme coins and like a if you remove Cashcat, like they all have had terrible price action, right? Yeah. I mean, there's nothing happen, there's nothing going on over there. It's just it looks the same as the soul tickers. It's just like we've got this narrative shift of anytime this happens, like, oh now we're we've escaped the soul bundlers and stuff. I'm like, who do you guys think is deploying the tokens on these other chains? Yeah, same guys. Same thing. You don't think it's the same guy deploying like uh uh light green Pepe compared to the whatever it was on Solana? I don't I don't think it's a real token. I'm I'm trying to just it probably is a token. Yeah.

SPEAKER_00 16:09

It definitely is a token. And it's definitely the same guy who done it on all three chains BNB, Robin Hood, and Solana this week. Um he's gone all out. He's looking for a bond.

SPEAKER_02 16:19

Um I actually can confirm to you guys because I talked to someone, I don't know the details because I don't even know how you do it on Solana, but you can deploy and bundle tokens on Robinhood quite easily. Of course you can. I have been I've been informed that it's no different. So who told you that, Razo? Uh I'm not gonna I'm not gonna expose my sources, but um yeah. I mean it might it might be uh it might be someone you guys know who is familiar with the game.

SPEAKER_00 16:50

I can say as a formula potential bundler, um, it's very easy to to bundle and roll it. Um in fact it's pretty much exactly the same shit as what you used to use on EVM. Um because it's the same it's the same bullshit, same bullshit, different skill.

SPEAKER_01 17:05

Same bullshit. I just keep seeing tweets. I I just sent a couple of tweets in the chat I want to pop up. If you can show both of them at the same time, so I'm not angry. But just like those are the things that I keep seeing getting tons of engagement. Like guys comparing Cash Cat to Pepe and like being very serious about it.

SPEAKER_00 17:24

That is an insane one. That is that's one I I don't know if I can I can get behind. I don't think people is it this is a guy who bought Pepe, by the way. This is a guy who bought Pepe and uh and won big.

SPEAKER_01 17:36

And one big saying this. And then we got this other Zoom guy that I share in the chat, Henry, saying that Robin Hood's future depends on the success of Cash Cat.

SPEAKER_00 17:48

Yeah, I'm I'm unsure of it.

SPEAKER_01 17:49

This guy has like a ton of followers. I guess.

SPEAKER_02 17:51

Wait, wait, what?

SPEAKER_01 17:52

He said Vlad literally falls out of his point, and the success of his new layer two depends on it higher.

SPEAKER_02 17:59

Oh, of its layer two. I th I first I read that as he was saying, like, the success of Robin Hood as a company depends on this.

SPEAKER_00 18:08

Um I mean, um I don't think it does necessarily, but like it will in, I guess, CT terms. But like, what else can he bring, really? Like generally, what else can he bring? If Cashcat doesn't win and memes don't win, what is he gonna do on this chain, which is any different to any other thing we have?

SPEAKER_01 18:25

He's gonna use it for like actual value-added purposes for his core business. He's gonna do it.

SPEAKER_00 18:31

But like what is that?

SPEAKER_01 18:32

He's gonna tokenize equities and allow 24-7 trading for everything.

SPEAKER_00 18:37

Yeah, but like we have that everywhere else, you know.

SPEAKER_02 18:39

Well, he's gonna do it himself. I I think the RWA play is is interesting on on Robinhood chain if they can like they have to integrate it into the primary app is the only is like that's how it gets interesting because it's like that is where they'll be able to to take a lot of the the RWA volume and like people will buy tokenized equities there, but not if you have to go onto like a separate application, like you're not you don't you don't want to go on to the Robin Hood chain, but if it's all integrated and embedded into the app, which I imagine is their plan for the future, like that's pretty interesting.

SPEAKER_00 19:13

Yeah, and it just having like just being a 24-hour market instead. I guess that will definitely get a lot of volume, but yeah, I guess so. Matter of time, and Cash Cat doesn't really play a part into why that succeeds in a very small part of the puzzle.

SPEAKER_02 19:28

Um and once again, I think um with so much emphasis and focus on CT about this whole like meme coin battle between Salon and Robin Hood. Uh it's just furthermore under the radar, people not paying attention to the to the altcoins, and I think lighter is still just kind of flying under the radar.

SPEAKER_01 19:55

What lighter is on a tear? It's up only. It's uh what does this chart look like now?

SPEAKER_02 20:00

I don't know. It had a nice little pullback and then it got immediately bought back up as soon as uh Bitcoin recovered. 260?

SPEAKER_00 20:07

Yeah, but I was hoping for two dollars.

SPEAKER_02 20:11

Um over this last couple days of price action, and then it was the first thing that caught a bid as soon as Bitcoin recovered. Um and the create and no one's talking about it. Everyone's focused on other stuff. Uh it's just like the silent, it's like the silent trade, right?

SPEAKER_01 20:30

What? Are you still long? Yep, still holding it. Just watching the UPNL turn greener and greener.

SPEAKER_02 20:38

Holding, holding long and Zek. Um, and uh honestly, no real plans to touch them right now. I'm not even checking.

SPEAKER_01 20:44

What would make you really good? Are you just like are you are you like I have no plan? Are you gonna scare them? Are you gonna sell them on a scary pullback? Or what's or what's gonna happen there?

SPEAKER_02 20:54

Well, my thesis when I entered the lighter trade, and granted, I got shaken out a couple times at the beginning before it really solidified, but my thesis on the lighter trade has always been that I I think it goes back to at least all-time high resistance. And all-time high is around $4. Um, will I hold it all the way to there? Not necessarily. Uh I think it depends on on like how quickly the rise happens, what else happens with catalyst and all that. But I view that the first real area of resistance for it, it's kind of in price discovery right now. Um and so I I think it's gonna, I mean, I think it goes over $3 here and starts to push up towards $4. Um, but then it's like, you know, I think I'm sort of just watching how everything unfolds. And right now the narrative's so strong, and and I don't know, the asset just feels cheap. It just feels cheap considering everything. Um, every time I look at how much green there is right here, I then zoom out. And I look at the market cap and I'm like, it's just not it's just not overvalued right now.

SPEAKER_00 22:05

It's not reflective right now. Um it does look so good, man. I wish I got a pullback to two. I was so hoping for two and didn't get it.

SPEAKER_02 22:14

I thought you would. It still could happen. I just yeah, I was surprised it didn't pull back more.

SPEAKER_00 22:19

Yeah, and it literally just got well. I I woke up this morning, I checked it, and I was like, fuck.

SPEAKER_01 22:25

I still can't believe you didn't bid after literally tinfoil handing lifting the.

SPEAKER_00 22:31

I know, man, I know. And I was I've been talking about it for so long in group chats and shit, going like, oh my god, light looks really good. And I was like, you know, but I'm not don't feel like I'm gonna pull the trigger yet. And then I remember I went to bid. I literally loaded up, loaded up the wallets, ready to bid with size, and then I decided not to, and the day after it went down like seven or eight percent, and I was like, oh my god, thank god, I'm such a good trader. Like, Jesus Christ, like I just dodged a massive bullet, that was amazing, and then uh the day after that it rips 20%, and I was like, fuck, I'm so bad at this. What the hell am I doing? And then I just never ended up bidding, I never pulled the trigger because I was just flip-flopping in my own brain. Um tough one, tough one.

SPEAKER_01 23:11

You know, I I love what you just described, talking about how the coin goes down and you like pat yourself on the back for nothing. Yeah, I was actually for a direct the amount of times I have done that in my life, I I can't even count. I've probably done that with hyper liquid alone 30 times. Yeah, it's like every time you like it's so true, yeah.

SPEAKER_00 23:33

And you look at it as like one capital. I was like, bro, I'm I'm up. Like I I would have just been down if I clicked them buttons yesterday, I would have been down 100k. And I'm like, fuck, I feel like I just made 100k. Um trying to meant like a mental battle with myself there. But yeah, I uh had the thesis, I was right, didn't make any money. Um never a good, never a good thing, you know. But luckily, luckily, Zek ripping um to make up for it. Not ripping.

SPEAKER_02 24:02

So let's flip, let's flip to Zach. I want to talk about two more tokens. I want to talk about Zec and I want to talk about Nier. Uh man, that this looks good. So that looks so good, Jesus Christ. So here's the the here's the thing on Zec too, is like, you know, people have stopped, like it's not in the mind share right now. It's funny, like this is the first time. Usually, like everyone starts talking about it, uh, and it kind of locally tops, whatever, but like this time it's just it's just grinding up, it's grinding back up, and no one's talking about it right now, other than Mert, who's always talking about it. Um I don't know. It was like a it was in a really bad spot. And when I first opened my long, I was, you know, it I I thought it was recovering around 450, and then it kept going down. I think it, I think it hit what, like three, I can't see on this, like 380, 370. Um and that felt very perilous. Like if it had, if it had lost there, that level, you're starting to like get pretty nervous that the chart would have just looked structurally broken. But now that it had a strong recovery there, I mean this thing looks so good. Um I don't know. I mean, there's been no news, right?

SPEAKER_01 25:17

Yeah, just people, it's just it's I mean it it's it's the perfect example of non-believers selling people like Yuswezzle who believes, who believe in the long-term vision of it, accumulating and holding it. True believers and the chart and the chart is reflecting that the true privacy believers are big dicking the Taurus right now.

SPEAKER_00 25:40

Yeah, true privacy guys are prevailing right now. Um, however, I've been here before. Been here before where the Zek guys prevail, and then all of a sudden, literally two days later, we're down 30%. So So what's all time highs?

SPEAKER_02 25:53

What's all-time highs at? Like uh 630.

SPEAKER_00 25:57

Uh oh yeah, yeah, yeah. So 750 on the dot. The last local high was 689.

SPEAKER_02 26:03

Am I crazy to say it feels kind of, I don't know when, but it feels kind of inevitable that we get back there, and then it's and then you have the real question of like can it break through, or do you end up like double triple topping, whatever it is?

SPEAKER_00 26:15

Uh yeah, I think that's probably the inevitable route. The inevitable route. And will I sell all-time highs? No, because I'm brain. Absolutely not. Absolutely not, because I am brain dead. Yeah, yeah, yeah. Yeah, there you go. This is the new money, the new paragraph. No, it's the new paradigm, Zek. No, uh, I I did have a think the other day because you know I do want to get a bit more liquid. Um, and I do want to let go of my Z cash, but I think only at a thousand, only at a thousand dollars I'll I'll sell any.

SPEAKER_01 26:50

Um what are you gonna buy with that thousand bucks?

SPEAKER_00 26:54

Yeah, I don't know. I don't know. Um, I don't know yet. I I kind of want to buy more soul. Um and I just think I just want to have a bit more uh be a little less exposed because with this uh with Ansom and Cash Cat and shit, like yes, I made a lot, but I also I also just stuck a lot more back into Wansom and shit, and then as that position creeps up, I gain a little bit more exposure than I like right now, especially in these conditions. Um so I do want to scale it back a little bit for now.

SPEAKER_01 27:28

Why don't you just cut Ansom and rotate out of that into Seoul?

SPEAKER_00 27:32

Because I love volatility. I love volatility. I love it. You can't live without it.

SPEAKER_02 27:38

You just can't live without you're a volatility addict, aren't you?

SPEAKER_00 27:41

Yeah, I can't live without it. I love waking up, and and you know what's I I haven't done it in so I haven't done it in so long. I put like the only time I started doing it again was with Cash Cat. I would wake up in the morning, open up my phone, before I do anything, I open up Dex Screener and I look at the price, and I'm like, wow. It either puts a massive smile on my face and I walk around all day amazed, or I walk around going, fuck, this is bad.

SPEAKER_02 28:04

Uh he's got the chest pumped up, he's just he's just uh walking around the UK, just feeling like a man, the chart's up to 20%.

SPEAKER_00 28:13

Yeah, you wake up, I don't even check my phantom wallet or MetaMask, I just calculate in my head how like I know how many tokens I've got, and I calculate my PML and I go, wow, I'm up six figures. This is gonna be a fucking great day. This can't be a bad day, in fact. This literally can't be a bad day. And I I can go spend 5k and not even be asked, and it's amazing. And then it will go down, it will go down. I didn't realize the cash, obviously, and then I'm just I'm just five K. And you're like, why did it?

SPEAKER_02 28:39

You're like, why did I spend that money? Shit.

SPEAKER_00 28:41

Why did I spend that money? That was a real bad spend of money. That was awful.

SPEAKER_01 28:44

Um I used to daily sell when that would happen back in the day when bull market conditions were on. I would sell like you know, I'd cash my bank account like five, ten grand a day, and just go buy dumb shit with it or spend very frivolous things every day.

SPEAKER_00 28:58

There was nothing better.

SPEAKER_01 28:59

There was nothing better, except I wasn't like SAT. I I would actually sell it and send it to my bank account.

SPEAKER_00 29:04

Back then, though, I would I would wake up, good PL, I would go on holiday. While I'm on holiday, uh the the prices would nuke 50%. I would come back and be like, I shouldn't have gone away. That was retarded.

SPEAKER_01 29:18

Yeah, yeah, I remembered that very deep. But there there truly is nothing better than seeing a green candle on your coins. It's been too long for me. Like you caught Cash Cat early, like you had that, you had that sats. I'm like fiending for that right now. I really need to lock the fuck in. I'm like here vacation maxing, trying to like disconnect. My screen time is at all-time lows right now. My screen time is literally at like three hours a day, right now.

SPEAKER_02 29:47

What is so mad that he's mentally healthy and well lasted right now? Yeah, not a gambling retard.

SPEAKER_00 29:53

He's literally few, can't believe it.

SPEAKER_01 29:55

I am so mentally healthy, I'm so fucking tan, I'm exercising every day, going to the beach every single day, and you guys are out all out here making money, and I'm here like having Twitter fights being late to coins.

SPEAKER_00 30:09

Nothing better than this, Mark. Nothing better, honestly.

SPEAKER_02 30:12

Like some more thing, man, we all have crazy ADHD, and at the end of the day, we all thrive off the stress. Like, we whether we want to admit it or not, we seek we seek the stress. And like the opposite, the reverse of what Sats was talking about, the waking up and seeing green and feeling good. There's like a masochistic part of ourselves where it's like we secretly enjoyed in the early days in 2024 when you'd go to bed and you'd be you'd have an oversized position in something, and you'd be like, I fear when I wake up, this could be at like actual zero. Like I'm up massively, but like this thing could like not exist and be completely rugged tomorrow. And I have no business like going to sleep holding this, but I'm gonna do it. And then I'm gonna wake up, and then when I wake up and it's not at zero, oh that's that feels good, man. Sheer relief. I mean hit you're already done. It just has to not be rugged.

SPEAKER_01 31:05

Swizzle, you remember when we uh when uh Melania launched, and you and I lost mid-7 figures in an each.

SPEAKER_02 31:19

Have I have I told the story about what happened when Melania launched on this? Wasn't you on the golf course? No, I was okay, so all right, I'll I'll tell this. I'm not gonna give all the details, but I'll tell the story. So so Wood and I had like definitely the the most insane trade of our lives uh with the Trump trade. Like we were so so lucky to be online at the right time. We were in like a group chat with was it print? I don't remember who. Like we were just like there, we saw it, like we saw the token, we decided to go in, and then there was like we just had this confluence of events where like we were in a little bit, and then when all the FUD started going out about like people thought it wasn't actually Trump. We popped more, and we knew, we knew for a fact, we were so convicted, we're like, this is actually him, and we just like literally were spamming buttons as many, as much money as I could find from wallets. I was I was dumping everything I could into it. So Wood and I hit this trade really big. Wood, obviously, much more disciplined seller than I am. He held a lot, but took very rational profit. I didn't sell anything, I didn't sell a simple single Trump token the whole weekend. Um, I'm just up massively. I remember people thought I was insane because I went to work. Uh it was like Saturday. I went to work and I'm sitting on this massive, insane PL. And I just go offline and everyone's like, yo, where is Swizzle? Like, what's going on? He must have sold it.

SPEAKER_00 32:43

I was like, bro, this guy this is this is back when I didn't know what you'd done or anything. I was like, bro, this guy must be a space engineer or something. This guy must have the sickest job in the world. Like, this guy's I did have a sick job, actually.

SPEAKER_02 32:53

But I went to work. I went to work, I put my phone on airplane mode just because I was like, I am not gonna think about it. And I was like, I'm not selling. Like, fuck it, I'm not selling. Anyways, finally we get to Sunday. What day was inauguration? Monday. Monday. Melania was so after like two days two or three days after the launch is when the Melania token came, right?

SPEAKER_01 33:16

I I thought it was the same day or the next day. Yeah, maybe.

SPEAKER_02 33:20

I think it was 40, it was it was uh Trump launched on a Friday evening, Saturday, and then I think it was like Sunday late afternoon when Melania launched.

SPEAKER_01 33:31

January 19th, Melania launched.

SPEAKER_02 33:34

And then inauguration was the following day.

SPEAKER_01 33:38

Yeah, it was two days later. So Melania launched on Sunday.

SPEAKER_02 33:42

Okay. So I went to work the day after the Trump launch, and then other than that, I was just on my computer monitoring things. Like I I was pretty wired, pretty stressed, whatever. Finally, my wife is talking to me and she's like, hey, let's let's get out of the house. I'm like, yeah, I think we're good. Like, let's get out of the house. Everything's on my ledger. I leave my computer, everything. I just go, we drive 10 minutes up the hill, and I'm walking the dogs. Uh, and I just keep my phone in my pocket, and I'm like, having the first time I've been outside, the first time I'm like relaxed, and we're just walking. And uh, all of a sudden, like 30 minutes later, my phone's just buzzing like crazy in my pocket. And I see all these messages of like I get I see like the Melania thing come up and something Melania launched. And and I literally have like tens of DMs from people who never DM me who are in these group chats with me, like, yo, Swizzle, are you okay? Are you good? And I'm like, what? And I look and the Trump chart has gone. I mean, what it what was the candle? It dropped like it was nuclear that day 70% or something? Yeah. Yeah. And I'm holding my full position and size. So I literally I look at my wife and I'm like, I'm sorry, I don't have time to explain to explain, but we have to run back to the car right now. I pick up, I scoop up our two little dogs, and I'm literally just like fucking sprinting to the car. I drive back. Uh I think my wife stayed at the I don't even think I brought her back with me. I literally just panic sell. I I was trying to, I went on my ledger, and if you guys remember, the soul of your messages.

SPEAKER_00 35:25

Yeah, everything went down.

SPEAKER_02 35:27

It got so congested, you couldn't pull a transaction. So I attempted to panic sell everything, and I couldn't get a single transaction to go through. I couldn't even move the Trump tokens from my ledger. Um, and after a while, I just gave up. I said, fuck it, it's not gonna work. I'll just I'll just like let whatever happens happen. And then it recovered miraculously. Yeah.

SPEAKER_01 35:51

I was just reading our messages, and and uh one of your messages said, This is gonna go to zero, isn't it? That was probably when I had I think that's when I had panicking. You were sending me pictures of your ledger like not working, saying unrecognized format.

SPEAKER_02 36:07

Like how do I I think that was after like after like an hour of like full like like sweat-induced panic, probably the only usually I'm very like unemotional about this stuff. I was freaking out, and I think after panicking for so long, I just texted that to Wood where I was like accepting my fate that I had probably the gnarliest round trip in the history of crypto. Uh would have been crazy. But I but honestly, I am so thankful that the Solana network got congested because it it basically full mostly recovered from there. Yeah, and I would have been so sick. What?

SPEAKER_01 36:47

It went to all-time highs from there, I think.

SPEAKER_02 36:48

Yeah, I didn't sell all-time highs, but I I I did well. And um, I would have been so sick if I had sold the bottom of that. I would have been so sick.

SPEAKER_00 36:56

And then watching it grind up without you. Oh yeah.

SPEAKER_01 36:58

Yeah.

SPEAKER_00 36:59

That's a tough one.

SPEAKER_01 37:00

Um yeah, so the day that Melania launched was my son's birthday. And I had tough one for the son. I had to let the biggest.

SPEAKER_02 37:08

Oh, I remember I remember this.

SPEAKER_01 37:10

Didn't you have like a kid's birthday party or something at your house? My son's birthday party that I was hosting at my house a Saturday. So Trump launches Friday night, Saturday at 11 a.m. the next morning. I have a house full of 60 fucking people there. Wait, I remember cancelled that.

SPEAKER_02 37:26

Do you have the text? Because I feel like you were like like sneaking off to the bathroom to send us messages, like trying to. I was. I went to the bathroom.

SPEAKER_01 37:33

I would go to the bathroom every 10 minutes. People probably thought I was doing cocaine in the bathroom. I was gonna say, people thought you were patient zero of this like diarrhea bug that's going around the world right now. Yeah, I probably was patient zero. Dude, I was barely present, I was so like high on a different planet. Um, it was a wild experience.

SPEAKER_02 37:55

And there's no way you could have possibly even brought this up to anyone at that party because no one even knew anything was happening.

SPEAKER_01 38:01

No, no, like that's the crazy thing, right? Um yeah, no one knew anything. But it brings me, but it but to bring this all back to what you were saying, Swizzle, like how we all need this adrenaline. Like, there's that Phil Ivy quote that you probably know where like I want to lose so much money I can't breathe. Does losing and that's a real thing. Because I mean that's happened to me.

SPEAKER_00 38:19

Wait, who's whose quote to all of us? That's happened to all of us. Phil Ivy.

SPEAKER_01 38:22

Phil Ivy says, I I chase the feeling of losing so much money I can't breathe. Or something like that. That's definitely happened to be. Like, I think once you've made a little bit of money, like I don't I don't know, this is gonna sound ridiculous, but like, I don't know, like nothing ever becomes enough, and like you kind of chase losing. Is that a weird thing to say?

SPEAKER_00 38:47

No, no, no, no, it's not, especially like outside. I think if you chase feeling something, you've chased the thing. You chase feeling something because the wins don't make you feel anything anymore.

SPEAKER_02 38:56

Winning is like the bar of of what you would have to do becomes so much harder to achieve that feeling.

SPEAKER_00 39:02

The thing is, as well, like I think after you experience this type of volatility, it's so hard to go back to feeling nothing and not being in a position. And this is why all the all of us, like everyone in crypto mostly, always feels the need, especially in a bull market, to be in a position. Yeah, overtrade.

SPEAKER_02 39:17

It's why we overtrade for sure.

SPEAKER_00 39:18

Yeah, and it's like you just want to feel something, you want to see a peer now go up and down, um, and have these crazy volatility swings. Oh man, but this is why I took so long off because it was like that. I know I'm I know I'm addicted to that.

SPEAKER_02 39:32

But the weird thing is because that's the herd mentality, it's also why there always is a trade, and there always is another trade because everyone's doing the same thing, and so therefore, like even if you are that way and you acknowledge your wired that way, if you can establish some discipline and some objectivity, like you can take advantage of that in the right market conditions, you know, because everyone else always needs to be in a trade. Uh, maybe now's not a good time, but if you guys remember, like in the bull market conditions, the best thing to do that no one would want to do is when some liquidity suck narrative would come out. If you would just calmly position in like the established tokens that dipped down 20, 25%, those were like surefire trades that they were gonna recover.

SPEAKER_00 40:21

Yeah.

SPEAKER_02 40:21

Um, but no one wanted to do it because they were all feeling the need to chase the shiny thing to feel something. Um I don't know if that's the same now, but like that was definitely what the smart traders used to do.

SPEAKER_00 40:36

Yeah, I I used to chase. Um, I used to chase every single time. And I know Wood was a big chaser as well.

SPEAKER_01 40:42

I'm a top blaster. I am not a buy dips pussy. I top blast the fuck out of things. That is my that's how you win in bull markets. Trading like pullbacks and whatever, like you chase the winners in bull markets. Is my philosophy.

SPEAKER_00 40:58

You were good at that. You were good at that, I gotta say.

SPEAKER_02 41:00

I mean, my yeah, you were. My strategy was always basically just overextend myself further, add more money in, don't like buy the shiny thing that's running, but also at like put more capital in and buy the dip on the other thing, also, and then just live with it all. That was that was the bull market strategy.

SPEAKER_00 41:20

Yeah, I I think I said this on the show before. I wish I did play a bit more aggressive last cycle because I I only did play with 30% of my stack really towards the like after the first quarter of the cycle, after all that I made, I literally was only playing with 30% of my overall net worth. Um, wish I went wish I went to 100 um and went full degenerate, but I was just had that deep everlasting fear of running it all back and losing it all that I just couldn't overcome.

SPEAKER_01 41:49

Yeah, but I think you did the right thing.

SPEAKER_00 41:51

Yeah, I probably could go back.

SPEAKER_01 41:53

Would would you ever transition that philosophy and go full risk on with all of your capital ever again?

SPEAKER_00 42:00

No, never, because I've just got I've just got I don't need to do it anymore, but like the it does it does make me like I don't know, it's it's hard, it's a hard one to explain. It's a hard one to explain because I do I enjoy the level of comfort so much, but I also don't like feeling comfortable. Um, I don't like not worrying about trade and not worrying about size. I like worrying about size, which is dangerous. Um because as you make more money, the more so you have to have more size to give a fuck. Like you no longer give a fuck about a few thousand dollar position. Um, you have to scale up to a six-figure position. Um, and that's where it gets dangerous. That's where you all of a sudden you have five bad trades and you you know you're down seven figures, and you're like, oh fuck, like I've actually lost a significant amount of money. Uh I need to relax. And I never want to get to that point again. However, in the back of my brain, I do. So maybe I'm just a gambling addict. That's probably what it is.

SPEAKER_01 43:00

Maybe.

SPEAKER_00 43:02

I think so. I think so. I just I I I just do we need to talk about this here? Yeah, yeah, yeah.

SPEAKER_01 43:09

Maybe you're out of certain things.

SPEAKER_00 43:11

Definitely, definitely not maybe. Definitely 100%.

SPEAKER_01 43:14

There's no there there is absolutely no question about that. Um, yeah, so I think Cashcat just recovered on this whole thing, by the way.

SPEAKER_00 43:23

End of the world for you.

SPEAKER_01 43:24

End of the world. God damn it. I can't have this. I just want this fight to be over.

SPEAKER_00 43:28

I don't think it's gonna be for a long time.

SPEAKER_01 43:31

Um, did you guys see that the Senate only has 24 days left to pass the Clarity Act? So as well as our Clarity Act guy.

SPEAKER_02 43:39

Our Clarity Act guy's been pretty tapped out on Clarity Act News because. Yeah, bro, what the fuck happened to that? I got it.

SPEAKER_00 43:44

The last thing I heard you say was it's gonna pass, and it didn't work.

SPEAKER_02 43:46

Well, it was gonna pass and it wasn't so many times. I I mean, I don't know. There's there's clearly uh we've we've seen them say that multiple times and it keeps getting pushed back. I don't know when the real deadline is, but uh The problem is there's clearly a divide. There's like these fundamental issues that they're that some sides are not willing to renege on. And then the Democrats want something pretty simple and and rational, which is they don't want the Trump family to be allowed to have these exceptions and be able to do whatever they want. Like I don't know. Seems like a pretty reasonable ask, but it's a no, it's a no-go. Yeah. That's not getting signed like that. So um, and then there's all the stable coin stuff, which is like the real sticking points. The banks are kind of fighting the exchanges on it. Um, I think it passes eventually. I don't know when.

SPEAKER_00 44:43

Yeah. I don't know when either. I I keep on seeing like a thing now and again on my timeline about it, and it just seems like it's just gonna take fucking ages.

SPEAKER_02 44:51

The good thing is desensitate desensitized how do you say that word, man? People are getting desensitized to it. The coins are getting desensitized to it, and that's probably more important, is like there was a lot of like like existential, like the coins can only go up once this happens, or they'll go down if it fails. I don't know like how impactful it's gonna be for like price action over the next few months.

SPEAKER_00 45:21

I just opened up one chart what we're all gonna hate. Um but ETH looks really good right now. I knew you were gonna say that. Yeah, yeah, did you yeah, there you go. It looks really good. I just I was just scrolling through trading view. I don't know why it looks good. Robin Hood, maybe. No, I don't think.

SPEAKER_01 45:38

Doesn't everything go to zero when ETH goes up though?

SPEAKER_00 45:41

Yes. Um, but this time's different, so this time's different.

SPEAKER_01 45:45

Are we still operating on this time is different? You know, guys, I have actually taken money out of my bank account and allocated to crypto for the first time in a really long time. I kept on adding. You know how last stream I said I was wiring money? Yeah, I wired even more money yesterday.

unknown 45:59

Wow.

SPEAKER_01 46:00

All I'm doing is all I'm doing is buying Ansem.

SPEAKER_00 46:04

Really? Really?

SPEAKER_01 46:05

Really? I can't tell if I'm talking myself into this or if my Twitter or if my tweeting is like making me irrationally bullish on it.

SPEAKER_00 46:14

I feel like this is a free trade.

SPEAKER_01 46:16

It feels free to me.

SPEAKER_00 46:17

I feel like this is free trade, yeah. I feel like it's free.

SPEAKER_02 46:20

Is that something we should be concerned about? Us three washed boomers. Well, I don't know if SAS is a boomer, but we all think it's free. What does that mean?

SPEAKER_00 46:29

I don't know. I don't know if we're retarded or like or I don't think that I I thought this was kind of consensus, but it doesn't seem like it is. But I think this is free trade.

SPEAKER_01 46:40

I think there's too many people with too much at stake for it not to work. And I think it's like bringing the gang back together who bullposted bonk and whiff. It's like it's like bringing the whiff and the bonk OG money, Solana OG money all together into one place.

SPEAKER_00 46:56

When when you read Anselm's tweets, it's like, wow, this is free.

SPEAKER_01 46:59

It's like free, and it's like it's like bringing everybody together, trying to unite everybody. No matter like what your feelings are about Anselm, like if you want, if you believe in Solana, you should want this token to do well. Yeah.

SPEAKER_02 47:11

He's doing a really good job with crafting that. The I guess what's the counter? Is the counter like um could it the fact that if price do if price doesn't move soon with it and start to like incite FOMO and people, does does like the stuff he has to keep doing to promote the token, does it become cringe?

SPEAKER_01 47:34

Um maybe I don't think I think it already has.

SPEAKER_00 47:39

I think it already has.

SPEAKER_01 47:41

I think he's gonna have to like he tweeted out the other day how he's like watching Rowdy and Rasmir streams, and how like Gen Zers are like these streams are great. Like you know, whatever, these guys, it's great, it's good for crypto to have more content out there for sure. But like I think that's the type of stream he's gonna have to start doing and going after it.

SPEAKER_00 47:59

The Rasmir stream?

SPEAKER_01 48:00

Fuck in the Rowdy. You guys saw Rowdy like dox himself, yeah.

SPEAKER_02 48:04

Yeah. I don't I don't know who that is. Rowdy. I love these lists all that is. Is he big? I'm looking him up real. Man, how do I not I've I've been on CT forever. I and then I always find out I don't know who these main characters are.

SPEAKER_00 48:22

They're undercover, they're undercover, they're undercover. And they usually tweet in slop anyway, so I don't think you missed that.

SPEAKER_01 48:27

Rowdy crypto? Yeah, yeah, yeah. You're not, you're, you're not, you're not, you're not, you're not missing too much, but um never heard. Uh but I do think he's gonna have to start going in the TikTok room, I don't think.

SPEAKER_02 48:38

Oh, this is the guy who did hang on, this is the guy who like posed with like a Maserati in the rain at the gas station. Yeah, yeah, yeah.

SPEAKER_00 48:49

That's him, bro. Spot on, spot on. That's okay.

SPEAKER_02 48:54

Hang on, let's pull this up.

SPEAKER_00 48:59

Yeah, the docks the docs with the Maserati in the rain. That is him. I'm so sorry. How could I have not known this guy?

SPEAKER_02 49:07

My apologies.

SPEAKER_00 49:08

Come on, bro.

SPEAKER_02 49:09

Fuck. Come on. Guys, no shade, no shade.

SPEAKER_01 49:12

Our listener base better be like in their mid-30s. It has to be. Oh, yeah.

SPEAKER_00 49:19

Zoom in, just just click on one of the there.

SPEAKER_02 49:21

We go.

SPEAKER_00 49:21

I gotta say that I don't think it's a it's not a Maserati as well. That is a Ferrari.

SPEAKER_02 49:26

Um, oh, my apologies.

SPEAKER_00 49:28

Yeah, come on, bro. Fucking hell.

SPEAKER_01 49:30

Do you think it's his Ferrari or do you think he rented it?

SPEAKER_00 49:33

Um I'm gonna give him the benefit of the doubt it's his Ferrari.

SPEAKER_01 49:41

I I think it's probably his Ferrari, though. Um I think, yeah, surely, surely. We need we need our Italian car expert Gabon to determine what type of Ferrari it is and if it's a cheap Ferrari or a nice Ferrari.

SPEAKER_00 49:52

Uh oh yeah, I've got to say, I think it's an I think it's an 812 super fast, which is uh one of the one of the more expensive Ferraris. The it's a V12 Ferrari. Um, 812 super fast.

SPEAKER_01 50:04

Yeah, this is like 700, 800k. Uh 650. Oh wow, yeah, it's cool.

SPEAKER_00 50:11

Yeah, yeah. This isn't this isn't a cheap Ferrari.

SPEAKER_01 50:13

This is would you ever drive that car, Sats?

SPEAKER_00 50:16

Uh I have driven one of them before.

SPEAKER_01 50:18

Like, would you have that be a car you owned? Like, would you feel comfortable going around with that car?

SPEAKER_00 50:24

No. Fuck that. Fuck that. Like uh don't you know?

SPEAKER_01 50:29

Don't you own a G-Wagon?

SPEAKER_00 50:30

Yeah, but I've I've done that whole show, lost my license, um, you know, and had to go back and get it back. It's just it's just a bad time, and I realize that this is this is all a bad decision. Um yeah, it's uh it's one of them things where you make money and you're like, wow, cars are fucking sick. You then realize they're just actually just a massive inconvenience, like especially 812s like this, because they're so hard to maintain, and when one thing breaks, it's gonna cost you 20 grand, and when it needs to service, it's another 20 grand, and then all of a sudden you're like, this is just ridiculous, you know. Um, I think this is they're fun for they're fun for a few months, and then you're like, nah, this isn't it. Swizzle, are you a car guy?

SPEAKER_02 51:16

I hang on. I I'm this sorry to be like a Larry David moment here, but I'm just looking at this photo and I'm thinking. So so you buy you buy a $650,000 car, and then you're doing this posing thing, and then are you gonna just sit back in the car with wet jeans on the interior of your new Ferrari?

SPEAKER_00 51:36

Of course you are. Of course you are. That's exactly what you're gonna do.

SPEAKER_02 51:40

Do you think you have is there a towel? Maybe he's gotta have a towel. You can't sit in wet jeans in a new Ferrari, right? I mean, I don't know if this photo wants it.

SPEAKER_01 51:48

It goes kind of hard, but um Do you think people see this photo and are like, oh shit, I want that?

SPEAKER_02 51:57

Bro, he's pulled probably some people, yeah, people do for sure. I'm the worst person, I'm the worst person for this because like I love like I love the feeling of trading. I love like investing in stuff, but like I'm not a big material things guy. So like my taste, I couldn't, I don't know. I I can tell that this is a very nice car. I it it looks it looks good, but like I don't have the say, yeah, I'm not a car guy in the sense of like I like I like driving things with a nice interior, I like being comfortable. I I don't really care what the you know, the I feel like cars are kind of like wine at a certain point. It you know if it's a shitty car and you know if it's a nice car, and then it's a matter of preference, but then there's all the story and narrative and all that, which you can get really into. Um I don't know.

SPEAKER_00 52:48

He's actually standing in the rain. Like you could be standing under the gas station think he's he's standing, you know, not under that in the rain. Impressive, impressive flex, you know. Maybe we just haven't got that motion, we just don't know what that's all about, guys.

SPEAKER_01 53:02

Has he has this guy been big for a while? Yeah, I think he was big last cycle, too.

SPEAKER_00 53:06

I think he, yeah, I think he was one of the things.

SPEAKER_02 53:08

I think he's he I'm going through his time that he posts on like majors and stuff. It's not just it's like he does macro.

SPEAKER_00 53:13

Kind of he's a macro guy now. He went to the back of the back of the back of the macro.

SPEAKER_02 53:15

He posted a bitcoin chart. He looks like he's like Sats' age.

SPEAKER_00 53:20

Yeah, probably. Probably.

SPEAKER_01 53:23

Well, Sats doesn't have a Ferrari, so Sats doesn't have a Ferrari.

SPEAKER_00 53:27

This guy's winning, bro.

SPEAKER_01 53:27

This guy's winning. Do you wear pants as baggy as that sats?

SPEAKER_00 53:31

I don't. I don't, nor do I wear them Rick Owens he's got on.

SPEAKER_01 53:35

Are those Rick Owens shoes?

SPEAKER_00 53:36

We've I think so. It's probably we've dissected this picture.

SPEAKER_02 53:41

That's a better, we just got a new photo, it's a better shot of the car, though. We've dissected this picture.

SPEAKER_01 53:45

I like the matte, I like the matte black. I like the matte. I think if I were gonna get a Ferrari, I would get a vintage one that I wouldn't. That's gay? Yeah, that's not gay. That's not gay.

SPEAKER_00 54:00

That cool.

SPEAKER_01 54:01

I think I would get a vintage one. I I I do enjoy watches, so I think if I got I think I would get into cars and it would be a slippery slide. Yeah. I think I just I think I should start wearing a chain like that. Can you guys see me right now? Imagine, imagine that. Wood, you're not rolling around with bull cannabis.

SPEAKER_02 54:21

I would have thought for sure wood was a chain guy. You should have a a Boogle chain where it's just a boogle chain? All diamond uh gold, just like decked out in the shape of your Boogle.

SPEAKER_00 54:33

Imagine how fast you would get robbed. It would be it would actually be record speed, I think, honestly. A Boogle?

SPEAKER_01 54:38

So you think someone would want to steal uh a uh what's it what's it called? A Boogle chain?

SPEAKER_02 54:43

You walk around, not just not just a Boogle, the most expensive Boogle ever purchased, right? Yeah, someone's not coming for the chain.

SPEAKER_00 54:51

They want they want your Boogle as well, they want it off your wallet with that thing on.

SPEAKER_01 54:55

That is uh you're getting you're definitely getting it. I actually don't even know where my boogle is on chain right now. Should have to figure that out. Oh you moved it somewhere to a wallet that like I couldn't access, and I think it's somewhere on the blockchain.

SPEAKER_02 55:09

If you don't have to give real dollars, would but give percentage on a percentage basis. If someone reached out to you today and wanted to make an offer, they wanted to buy your Boogle off of you. What percentage discount from where you bought it at would you accept on the spot uh OTC purchase?

SPEAKER_00 55:27

Wait, Henry, can we get this? Can we get this fella off the screen of both? Yeah, we can take it.

SPEAKER_02 55:32

We can take this got the screen.

SPEAKER_00 55:37

It was getting gay.

SPEAKER_01 55:41

My Boogle is priceless, Swizzle. It has no price to it. It is it is a it is a representation of uh of uh of who you are, of who I am. It speaks to me a dirt.

SPEAKER_00 55:56

So there's no price you would sell your boogle at. Right. Would you know what I would do if I was you right now with the Boogle? Yeah. I would sell the Boogle and get a Crypto Punk. Sell the Boogle and get a Crypto Punk? I would sell the Boogle and get a Crypto Punk.

SPEAKER_02 56:11

I would go on record and say I would not do that. I would if you sell, I would not go and then that's real money that you would then be making a decision to buy an NFT with.

SPEAKER_00 56:22

No, no, you're simply it's a trade, it's a trade, you know.

SPEAKER_02 56:25

The only reason I would sell my Boogle is to take the tax loss, tax loss on it. I know you're not going to because I I have done the same thing in the past on a smaller scale. I didn't, I don't know, I forget how much you paid for yours, but my first ever Solana monkey business that I bought that was like my foray into NFTs. Uh I got, if I had sold at a different time, it would have been a massive profit, but I held it because it was my personality, it was my PFP, it's not my PFP anymore. I don't even know what wallet it's in. But I sold every other NFT. I just, I just hold that one. And I just at this point, I don't know. I guess if it went back up somehow, I would sell it. But like it's just it's just part of the history now.

SPEAKER_01 57:11

It's a part of you now. I need to, oh my god, I think have I told the story about like, you know, you know how like everyone had that friend who was into crypto back in the day who like made a little who made a couple dollars.

SPEAKER_00 57:22

Yeah.

SPEAKER_01 57:23

I I my friend, I had a friend like that who started a fund. I have no idea if he listened to that. And he just continued, I I gave him like I think 20, 30 grand and he raised some money from some friends, from some college buddies. And he I think has bought the top of every single NFT in coin. I don't know. He got lucky in the best, but I think he bought a bunch of Solana SMBs or whatever they're called. So I think I too am an SMB owner because fractional, you have fractional ownership? A fractional owner between like seven people that we bought the absolute pico top of. I think we paid like a hundred soul, uh 250 soul for them.

SPEAKER_00 58:01

I I think we all lost a lot on um Bitcoin puppets.

SPEAKER_02 58:07

Oh, I you know what? I just forgot about that until now. I still hold my Bitcoin puppets. Me too. So do I. Can so uh Magic Eden doesn't uh uh even support ordinals anymore, right?

SPEAKER_00 58:18

No, I don't know how to sell them.

SPEAKER_02 58:19

I don't even I don't even know how to sell it. I guess you could go on the Unisat, maybe still out there. Whatever it is, it's not worth it.

SPEAKER_00 58:29

Yeah, I don't want to know. I I don't want to know I think we all owned a lot of them. I own three of them, I only sold one. Or I owned four of them, I only sold one. What would had a like a legendary one as well.

SPEAKER_01 58:44

Like I I yeah, I I I paid spot seven BTC for my PFP picture.

SPEAKER_02 58:49

Those ones felt like they had a chance, I'm not gonna lie.

SPEAKER_00 58:52

Like I thought there was a worth seven Bitcoin for that.

SPEAKER_01 58:55

0.7 spot seven.

SPEAKER_00 58:56

Oh fuck.

SPEAKER_01 58:57

But that at the time, but but but Bitcoin was worth like 100 grand at the time. And I thought this was this was this was more of like uh this is gonna be my PFP. So like my PFPs are worth more money than I care to admit. They were like very ego-driven purchases.

SPEAKER_02 59:14

I have to say, I think the RR on that made sense. If Bitcoin had like shot to new all-time highs, when you where was that, like 120k or whatever where it stalled? If it had, if it had price discoveried up from there, around that time when uh when these were still relevant, I think there's a world where Bitcoin puppets would have just been had an insane run.

SPEAKER_00 59:36

I really thought they would. I thought they would be the punks of the cycle. Maybe they wouldn't. I thought I had a chance. Yeah, I thought cycle.

SPEAKER_02 59:44

Probably not, but uh we're holding them anyway, so I hope so. Yeah, we're forced.

SPEAKER_01 59:50

I need to see if I can pull mine up. Does Xverse still work? No, I don't think it's just store an existing wallet.

SPEAKER_00 59:58

Yeah, you'll never find a wallet. Exactly. It's gone for goodwood. Let it go.

SPEAKER_02 1:00:04

How about um Zek private NFT PFPs?

SPEAKER_00 1:00:10

I'll have one the day they come out. The day they come out, a Zec, a Zec Puppet, I'm there. I'm there. That'd be that that'll be the start of my thesis.

SPEAKER_02 1:00:21

That's the new thing. That's the new groundbreaking technology is private encrypted uh non-fungible tokens.

SPEAKER_00 1:00:29

I'll be there. You'll never see someone quicker to bridge. It'd be a quicker bridge than uh Robin Hood. I'm just straight there.

SPEAKER_01 1:00:38

Oh my gosh. All right. Um, we've gone off the rails. We will be back. We'll wrap it up here. Uh when are we gonna be back? We'll be back Friday. Swizzle won't be here with us. Um, I have my yeah, I might we'll talk offline. I have I have to go to my son's camp talent show in the middle of next episode. Sounds like a tough tough. So full chat schedule uh later today. Um but, anyways, we'll be back. We'll let you guys know we'll be back Thursday or Friday later in the day. Um not it won't be regular time Friday, um, but we will chat. Uh get back to you. Um go download phone, promo code RISCON, trade assets, all the assets there. Um enjoy it. Go on the leaderboard, um, try to get to the top or be like a hit up. We'll be back. See you guys later.

SPEAKER_00 1:01:34

All right, so.