The TRUTH about AI crypto coins... (act now)

Summary

In the discussed episode of 'Crypto Over Coffee,' the focus is on the intersection of AI and cryptocurrency, highlighting the potential yet warning of the risks of scams and hype in the market. The video emphasizes the importance of understanding the technology and market trends, suggesting careful investment in AI-related crypto projects, especially those with tangible use cases like decentralized compute infrastructure and data marketplaces. It advises viewers to conduct thorough research, identify genuine projects with real teams and clear value propositions, and to have a clear exit strategy for profits to avoid losses when the AI narrative inevitably shifts.

Takeaways

• 💡 AI and crypto are currently hot narratives in the technology and investment world, with significant capital being invested in both areas.
• 🚀 The intersection of AI and crypto can be profitable, but it requires careful analysis and understanding of the underlying technology and market trends.
• 🛑 Be cautious of scams and projects lacking product-market fit within the AI crypto space, as the hype can sometimes overshadow substance.
• 🔍 Evaluate AI crypto projects on their fundamentals, including the problem they solve, the size of the market opportunity, and the necessity of a token in their ecosystem.
• 💻 Look for projects that provide decentralized physical infrastructure, such as compute power, which is crucial for AI development and can benefit from tokenomics.
• 📊 Data marketplaces for training AI models are a viable niche where crypto and AI intersect, offering monetization opportunities for data providers and users.
• 🎨 Projects focusing on the ownership, provability, and verifiability of AI-generated content could be valuable for ensuring the authenticity and attribution of digital creations.
• 🔥 Be wary of projects that pivot to AI from other areas or those with a sudden, aggressive marketing push, as these may signal desperation or lack of genuine investment in the AI space.
• 👥 Check the credibility of the team behind an AI crypto project, as transparency and a track record of success can be indicators of a project's potential.
• 📈 Plan for profit-taking and set targets when investing in AI crypto projects, as the hype cycle can be fleeting and it's important to secure gains when possible.
• 🔄 Be aware that the AI and crypto narratives may blend, and some projects might be more focused on deep infrastructure or other aspects rather than pure AI applications.

Q & A

What is the main focus of the discussion in the video?

The main focus of the discussion is the intersection of AI and cryptocurrency, specifically the AI crypto narrative and how to navigate the opportunities and risks associated with it in the market.

Why is AI a popular narrative in the technology world currently?

AI is a popular narrative because there is a significant amount of investment happening in the field, and the technology has already found product-market fit in many cases, indicating its potential impact on various industries.

What are some of the risks associated with the AI crypto narrative?

The risks include the prevalence of scams, projects lacking product-market fit, and the eventual decline of the AI narrative, leading to potential failures of projects in the space.

How can one approach the AI crypto narrative from a fundamentals perspective?

From a fundamentals perspective, one should evaluate whether the technology being applied solves a problem, the size of the problem, the value provided by the token, and whether a token is necessary to solve the problem.

What are some specific use cases where AI and crypto might have a strong结合?

Some strong结合 use cases include decentralized physical infrastructure for AI development, data marketplaces for training and selling AI data, and projects focusing on ownership, provability, and verifiability of AI-generated content.

What advice is given for those interested in participating in the AI crypto narrative?

The advice given includes being cautious of projects pivoting to AI, avoiding projects with no clear team identity, planning for profit-taking, and understanding the difference between AI and deepin projects.

Why is it important to be discerning when choosing AI crypto projects to invest in?

It's important because many projects may not have a solid foundation or long-term viability. Investing without discernment can lead to losses when the hype around AI dies down and the market corrects itself.

What is the role of blockchain technology in the context of AI?

Blockchain technology can provide cryptographic verifiability and immutability, which can be crucial for projects dealing with AI-generated content, data marketplaces, and ensuring the authenticity and ownership of digital assets.

How can one protect themselves from potential losses in the AI crypto space?

By conducting thorough research, understanding the fundamentals of the projects, setting profit targets, not investing more than they can afford to lose, and being prepared to exit positions when targets are met.

What is the significance of the team behind a project in the context of AI crypto projects?

The team's identity and reputation are significant because they provide a level of accountability and social proof. A credible team with a history of successful projects or relevant experience can be a positive indicator for the project's potential success.

Outlines

00:00

🤖 The AI Crypto Narrative: Opportunities and Precautions

The speaker introduces the topic of AI in the context of cryptocurrency, highlighting the importance of being aware of both the potential opportunities and the risks associated with the AI crypto narrative. They mention a previous video where they discussed crypto bullrun narratives, including AI, and address concerns from their audience who felt they were being overly critical of the AI narrative. The speaker emphasizes the need for viewers to conduct their own research and be cautious when investing in AI-related crypto projects due to the prevalence of scams.

05:03

💡 Understanding the AI Hype and Its Place in Crypto

The speaker delves deeper into the reasons behind the AI crypto narrative, noting the significant investment in AI across the technology sector. They compare the AI boom to the gaming and metaverse trends of the past, where substantial funds were invested despite limited tangible results. The speaker acknowledges that AI has achieved product-market fit in many industries and is poised to impact various aspects of daily life. They caution that while there is potential for profit in the AI crypto space, it is crucial to be discerning and not be swayed by hype alone.

10:05

🚀 Niche AI Crypto Projects with Potential for Success

The speaker discusses specific niches within the AI crypto space that have the potential for long-term success beyond the bull market. They highlight the importance of decentralized physical infrastructure for AI development, such as access to GPUs and compute power. The speaker suggests that projects facilitating access to such resources through token economies could be valuable. They also mention data marketplaces as a viable application of AI in crypto, emphasizing the need for a genuine decentralized approach and cautioning against projects that merely use tokens in a centralized environment.

15:07

🌐 The Intersection of AI and Crypto: Use Cases and Challenges

The speaker explores the intersection of AI and crypto, focusing on three key use cases where the two technologies can complement each other. The first is the infrastructure needed for AI development, the second is data marketplaces for training AI models, and the third is the ownership and verifiability of AI-generated content. The speaker warns of the dangers of AI, such as deepfakes, and suggests that blockchain technology can provide verifiability and prevent abuse. They also touch on the potential for AI to aid in content creation while fairly compensating creators.

20:08

📈 Navigating the AI Crypto Narrative: A Strategic Approach

The speaker advises viewers on how to approach the AI crypto narrative strategically. They warn against investing in projects that have pivoted to AI out of desperation or those that appear suddenly with a lot of hype. The speaker emphasizes the importance of a transparent team and a clear project vision. They also stress the need for a plan when entering the AI crypto space, including setting profit targets and being prepared for potential losses. The speaker encourages viewers to be discerning and proactive in their investments.

25:11

🎉 Conclusion: Balancing Enthusiasm with Caution in AI Crypto

In conclusion, the speaker reiterates the importance of a balanced approach to the AI crypto narrative. They encourage viewers to enjoy the potential for profit but to remain cautious and well-prepared. The speaker advises having a clear plan and being ready to adapt when the AI narrative shifts. They end on a positive note, wishing viewers success in their AI crypto endeavors while reminding them to protect themselves from potential losses.

Keywords

💡AI narrative

The AI narrative refers to the overarching story or theme in the cryptocurrency space that focuses on the integration and application of artificial intelligence technologies within blockchain projects. In the video, the AI narrative is discussed as a potential driver for market movement and investment opportunities, but also as a source of hype that requires careful consideration and analysis to avoid falling into scams or unfounded projects.

💡Crypto coins

Crypto coins, also known as cryptocurrencies, are digital or virtual currencies that use cryptography for security and operate on decentralized networks such as blockchain. In the context of the video, the discussion around crypto coins is linked to how their value and market performance can be influenced by the AI narrative and other market narratives.

💡Product-Market Fit

Product-Market Fit refers to the degree to which a product satisfies a strong market demand and effectively addresses a problem or need within a specific target market. In the video, the speaker warns that many AI projects in the crypto space may lack product-market fit, meaning they do not have a viable product that meets a real market need, which could lead to their eventual failure.

💡Scams

Scams in the context of the video refer to fraudulent schemes or projects that are designed to deceive investors and extract funds without providing any real value or product. The speaker emphasizes the prevalence of scams in the AI crypto narrative and the importance of being vigilant to avoid them.

💡Decentralized infrastructure

Decentralized infrastructure refers to a network or system of physical resources and computing power that is distributed across multiple independent nodes or entities, rather than being controlled by a single centralized authority. In the video, the speaker discusses how AI projects can benefit from or contribute to the development of decentralized infrastructure, particularly in providing the necessary compute power for AI model training and execution.

💡Data marketplaces

Data marketplaces are platforms where data is bought, sold, or shared among different parties. In the context of AI and crypto, these marketplaces can facilitate the exchange of training data or transformed data that is used to improve AI models. The speaker in the video sees potential in projects that create data marketplaces, as they align with the monetizable aspects of AI.

💡Token economics

Token economics refers to the structure and design of the economic system surrounding a cryptocurrency, including its distribution, value proposition, and the incentives it creates for users and participants within the network. In the video, the speaker discusses the importance of token economics in the context of AI crypto projects, particularly in relation to decentralized compute networks and data marketplaces.

💡Generative AI models

Generative AI models are artificial intelligence systems that can create new content, such as images, videos, or text, that did not previously exist. These models have the potential to produce highly realistic and convincing content, raising concerns about authenticity and the spread of misinformation. In the video, the speaker highlights the importance of blockchain technology in verifying the origin and ownership of content produced by generative AI models.

💡Investment strategy

An investment strategy refers to a well-planned approach to allocating financial resources with the goal of achieving specific investment objectives. In the video, the speaker provides advice on how to approach investing in AI-related crypto projects, emphasizing the need for due diligence, understanding the technology, and having a clear plan for taking profits.

💡Hype cycle

A hype cycle refers to the pattern of media interest, public enthusiasm, and eventual disillusionment that often accompanies emerging technologies or trends. In the context of the video, the AI narrative in crypto is described as being part of a hype cycle that can lead to inflated valuations and eventual corrections.

Highlights

The AI crypto narrative is gaining traction due to the massive investment in artificial intelligence across the technology world.

Scams and lack of product-market fit are prevalent issues in the AI crypto space, necessitating careful consideration when investing.

Despite the hype, AI technology has achieved product-market fit in many industries, signaling a shift from blind investment to more targeted, value-driven investment.

The intersection of AI and crypto is creating opportunities for projects that tap into the speculative nature of the crypto market while leveraging AI's technological advancements.

Investors should focus on projects that solve real problems and create value, questioning the necessity of a token in the process.

Decentralized physical infrastructure for AI, such as GPU access and compute power, is a promising niche where crypto and AI can intersect meaningfully.

Data marketplaces for AI training and transformations present a compelling use case for the combination of crypto and AI, with potential for long-term success.

Generative AI models raise concerns about deep fakes and misinformation, highlighting the need for blockchain technology to provide verifiability and ownership of digital content.

Crypto's potential to prevent spam and provide economic disincentives for malicious AI content is an area where the technology can contribute significantly.

Investors should be wary of projects that pivot to AI out of desperation or with no prior connection to the field.

Social media presence and engagement can be a red flag for projects with recent accounts or high follower counts but low engagement.

Transparency about the team behind a project is crucial; anonymous projects without a reputable online presence should be approached with caution.

Having a clear plan for taking profits and not investing more than one can afford to lose is essential when engaging with hyped narratives like AI in crypto.

The AI crypto narrative is not a 'set it and forget it' investment; active involvement and understanding of the projects are necessary for success.

The distinction between AI and deepin (decentralized finance) projects is important, as some AI projects may be better classified as deepin, leveraging AI for hype.

Investors should conduct thorough research and have a clear preference for either AI or deepin when making investment decisions.

The hype cycle in AI and crypto can lead to significant profits, but investors must be vigilant about when the narrative shifts and be prepared to take profits accordingly.

The importance of being cautious and having a strategy when investing in the AI crypto narrative to protect oneself from potential losses is emphasized.

Transcripts

in today's episode of crypto over coffee

we're talking about the truth about AI

crypto coins and how you might want to

play the AI crypto narrative now I think

there are some issues that you need to

be aware of but I also think that it's a

pretty pretty good opportunity for you

to do well in the market based on the

movement of money in the crypto space

based on narratives so before we get

started make sure you hit the Subscribe

button and follow me on your podcast

platform of choice uh but let's go ahead

and dive into the content of the video

so a couple weeks ago actually probably

a little more than that now maybe well

over a month ago I made a video about

the crypto bullrun narratives that

people should watch and in that video I

mentioned that the artificial

intelligence or AI narrative was one

that you should watch but you should be

careful about because of the prevalence

of scams and other things and we're

going to get into all of that in just a

second but a lot of people responded to

me on that video either sending me DMS

uh tweeting me on X or commenting on the

video directly or leaving me messages in

the suggestion box on the podcast saying

hey uh I think you're hating on the AI

narrative I think it's going to print

millionaires this year I think it's one

of the biggest narratives of the bull

run so I wanted to make this video to

expand upon my thoughts on the AI crypto

narrative and how you can play the AI

narrative on your own if you're

interested in doing so so first of all

why artificial intelligence why Ai and

why are we thinking about this as a

crypto narrative the reason is because

the entire technology world right now is

fixated and investing ridiculous amounts

of money in artificial intelligence and

it is not so different than what we saw

with gaming in the previous cycle there

was money being pumped into gaming and

metaverse that was beyond belief and

frankly back then most of the projects

in gaming and metaverse had very little

to offer very little to show for the

money that was invested in them so it

was almost blind investment now

artificial intelligence is slightly

different in this case because the

technology has in many cases product

Market Fit already we're talking

generally speaking artificial

intelligence in Industry not just

related to crypto and you also have

really really really powerful signals

around uh the development of this

technology and how it's going to impact

things like content creation data

analytics uh and also the way we

interact with technology on a day-to-day

basis from interfaces to um to

processing and all that sort of thing so

we take that foundational knowledge that

artificial intelligence is a hot

narrative in technology in general so

you you shouldn't be surprised that in

crypto the land of speculation you're

going to have projects trying to tap

into that interest in artificial

intelligence around the market both to

attract investor Capital which is not as

easy as it used to be to get but also in

order to drive investment from secondary

sales from retail Etc so that's where

the AI crypto narrative comes from and

the reason I said in that video about my

Bull Run narratives that people should

be careful with this is because

eventually the music will stop and you

will find that a lot of the projects in

the AI space in crypto don't actually

have product Market fit they don't

actually have a product in many cases

and they will eventually fail and that's

fine that doesn't mean you can't

participate in this and you can't find

those niches and those little areas of

the AI crypto space that have plenty of

opportunity and plenty of upside now I'm

traditionally a fundamentals guy I don't

like doing ta I think that's stuff that

other people like to do and that's great

I'm not a big believer in it I'm sure it

works for some I'm not totally convinced

so I'm a fundamentals person I'm also a

technology guy so I think about this

from the perspective of does the

technology that is being applied or

being applied by this particular project

applied to a problem does it solve a

problem how big is that problem what

value is there to a token in order to

solve that problem do you need a token

to solve that problem and so I looked at

a lot of projects in the past through

that

lens the problem is is that that doesn't

always optimize for profits right and

people are in the crypto space for

profits you hear it time and time again

that is the focus so people who want to

play this AI crypto narrative for

profits are probably going to have to

ignore that part of it they're going to

have to ignore the fundamentals analysis

around whether or not there's product

Market fit whether or not there's a

technology fit and whether or not a

token is really necessary to achieve

that product Market fit or the goal of

solving that problem so with that in

mind in the AI crypto space the reason I

mentioned in that last that video that I

mentioned before that you need to be

careful is because of that exact that

exact

reason so with this information we now

can understand that there's probably

lots of opportunity in Ai and if you

know when to take money off the table

you can still do really really well in

the AI space and there are a few

particular use cases for this technology

that I think actually do have legs that

you could see projects succeeding past

this bull market when that narrative

cools down and it will eventually cool

down uh as the bull market cools down

I'm sure and money will rotate into

other areas so let's talk about some of

the project niches or use cases that I

actually like that I actually think make

a lot of sense in terms of the

combination of crypto and AI because

there's kind of limited overlap despite

what people might tell you online

artificial intelligence doesn't really

need crypto or doesn't necessarily

really need a token it may need the

cryptographic verifiability and the

immutability of a blockchain but it may

not necessarily need a token so you

think about it the other way does crypto

really need AI not really either so you

have to be cognizant of that fact and

understand that the narrative the hype

cycle the capital inflow is largely due

to speculation and excitement around

artificial intelligence and less so

about the match made in heaven between

Ai and crypto holistically across the

board but there are a few use cases like

I mentioned that I think you could

considered to be of value the first one

of those kind of bridges into the world

of dpen and that's decentralized

physical infrastructure and that is this

trend around uh access to graphical

processing units or GPU use or just

generally compute it's the

infrastructure that artificial

intelligence um developers and projects

will need to actually um train their

models run their models and create

things on top of the foundations of the

artificial intelligence models that

they're using and compute right now is a

major arms race the world of

semiconductors and chips and gpus Etc

all of that stuff right now is squarely

Focus both from a geopolitical

perspective but also from a technology

company perspective for a long time

organizations working on AI at scale

like Tesla for example were compute

constrained meaning they had sort of the

conceptual model for what they wanted to

accomplish but they could not get their

hands on the actual compute power they

needed to accomplish that goal in terms

of training and modeling Etc and so now

we're starting to see this decentralized

physical infrastructure play emerging

with the Confluence of AI and crypto and

it's not really about AI specifically

it's about the infrastructure you need

to do things with AI or to build things

in the AI space so it's kind of deepin

and AI mixed and mashed together and I'm

not going to mention project names

because if I mention project names

people are going to go and buy those

things and I don't want you to do that I

want you to research these things and

figure out which projects make sense for

you look at the niche look at the use

case and find the projects that you like

so this particular concept actually

makes sense a token makes sense in this

environment where you have a

decentralized sort of community or

organization or marketplace around

compute where if I am an owner of say a

rack of gpus I can connect to this

decentralized network people can pay in

the network token and build tokenomics

around this build an economy around this

for people to basically rent or lease my

compute for the task that they're trying

to achieve so this lowers generally the

capital expenditure one would need in

order to access or tap into gpus for a

particular project I think that actually

has legs I think there's a reason why

one might want to token economy and in

order to do that really effectively and

the only reason you would need a token

is if it is truly a decentralized

project now you'll see people just

basically using tokens as a means of

Exchange in a centralized environment

saying I've got two data centers filled

with compute that you can use all of it

is owned by me the project founder and

you can pay in tokens to access it at

that point you may as well just pay in

dollars the token is not really doing

you any good in that particular use case

so it has to be a decentralized compute

network uh there are some great examples

of that that have done really well over

the last couple of years and there going

to be tons and tons and tons of new

projects doing this exact thing you're

already seeing them popping up day in

and day out so those projects are going

to do well because of the hype around Ai

and so you should be aware of that

though the reason that they're almost

all going to do well at least in a

certain a certain scale is because of

that narrative not because every project

actually has value okay so that's one

use case is sort of the infrastructure

around building an economy around the

infrastructure the compute that one

needs for AI the second one is sort of

more General to one of the biggest

monetizable aspects of AI and that is

the data itself so training data and

creating data marketplaces and people

creating transformations of data that

then they can sell to other people for

consumption so open data

marketplaces uh there's a project that

comes to mind that I've covered on the

channel before that fits this Market

exactly

uh for those of you who are ogs you may

know exactly what it is and there you go

I'm not going to mention it by name for

the reasons I already stated so data

marketplaces I think are also another

area where crypto and the foundations of

AI actually make sense and you're seeing

those projects that have these data

Marketplace Concepts going for a while

uh and and training data marketplaces

starting to really double down on that

AI narrative and again it makes sense

they want people to invest in their

project so they're going to try and

tailor what they're doing towards AI

that again I think has some degree of

fit between AI narrative and crypto and

why you would need a token again it's

that same model

it's someone has a resource that they

want to uh make available in a

decentralized Marketplace and they want

to sell that or leas that to people in

the native token um I think that what's

interesting is that some of these

projects may be able to also embed

artificial intelligence models sort of

in that foundational economy so people

can make transformations of data and

also utilize the infrastructure piece

that we talked about in the first use

case uh to make transformations of data

and then sell it right so what's

interesting is you're probably going to

continue to see Partnerships and um

coalitions forming between these

different projects the infrastructure

provider type project

or the pin projects the data Marketplace

projects and then you're probably going

to lastly see people in this third

category where I think there is some fit

and I think it is the the Holy Grail of

use cases for AI and crypto and that is

the ownership and provability and

verifiability of the product of

generative AI models and so let me

clarify what I mean by that so the best

example that I can think of and one that

you're seeing lots of thought leaders in

the technology space talking about is

the dangers of AI the dangers of AI

being deep fakes creating indiscernible

lifelike copies by voice and visual uh

uh visual representation of a person and

circulating that online so it could be a

video of a CEO making some crazy remark

or articulating a strategy that tanks

the stock price or drives up the stock

price artificially so the ability for

for people to abuse generative Ai and AI

in general is extremely extremely

extremely high and the misinformation

campaigns are going to be enabled

immensely and already are by AI so it's

going to be very difficult for people

for human beings to discern what is real

and what is not and it is already

difficult today

so there is a thought now that the

technology behind crypto and related to

blockchain uh technology specifically

can Aid in this process of providing

some degree of verifiability to the

origin of a piece of content um that's

one aspect of it the other one is for

people who are uh artists people who are

creators that use uh this technology

being able to attribute uh derivations

of existing work from Models to the

original author and doing automated uh

you know copyright and royalty execution

so being able to say this model used

Source content from this artist which I

can sort of verify on a blockchain and

then I can on an automated basis pay

royalties to that particular Creator

when their you their work is used in

derivation to produce something new

using a model so again these are sort of

Pie in the Sky Concepts right now but

there are surely project that are

working on this if you create an economy

around creating content using Ai and

being able to fairly compensate creators

to show the origin of a piece of content

and to show ownership of a piece of

content whether joint or soul I think it

is going to be very very very valuable

in fact critical to the mainstream

adoption of AI for Creative

purposes the last thing I'll say on this

also is

that when you think about cryptocurrency

and what it could lend to this type of

environment is um preventing spam

attacks creating an economic loss

potential for someone to create this

massive spam campaign and it's the same

model you see for uh anti-spam on

blockchain networks themselves right you

have fees you have a fee Market in

blockchains and the this fee Market

basically dissuades wbe attackers or

spammers from bringing down the network

because to do it it will cost you x

amount uh obviously it creates an

economic disincentive for you to attack

the network with Spam I think the same

thing could be done in an environment

around AI to prevent uh content related

spam to also meter the usage of these AI

models and lastly to dis disincentivize

people from creating uh um you know

potentially nefarious content um so

these are conceptual but you're going to

start to see projects in crypto using

this as their Guiding Light and Building

Things in that direction so those are

three use cases that I think Ai and

crypto fit together for now there may be

others you may have ones where you think

you should add this to the list to

Shoshi and that's cool please let me

know in the comments what you think and

I'm not saying that no other projects

and no other use cas cases are going to

be successful I'm sure they will so that

brings me to my next point which is how

do you play the AI narrative now there

are a lot of people on on X and on

YouTube are going to say just spray

money into any AI related project that

you can find and you're going to get a

2X a 5x a 10x whatever okay that is uh a

at best a maybe and frankly I think if

you make that your roach you are going

to suffer mightily because you will find

yourself in environments where even if

the coin goes up you're getting dumped

on by insiders if the coin goes up you

will have too thin liquidity in order to

get out of it you'll have to jack up the

slippage tolerance if you're trading on

chain and you will get absolutely

destroyed trying to get out of those

coins so you're going to need to be a

little bit more Discerning and not

listen to that noise of oh pick any AI

project and you're going to succeed uh

so let me give you a few rules that I

think if you follow in doing your

research and in allocating resources you

will be in a place with better odds now

there's no way you can guarantee you're

not going to take losses there's no way

you can guarantee you're going to make

profits I can't do that you can't do

that if we could well we all probably

wouldn't be sitting here we'd be on a

yacht

somewhere the first rule that I would

say is be very wary of projects that

were doing something else so for example

a project that in 2021 was a metaverse

project that is now pivoted to Ai and is

adding AI to all their stuff what this

is is its desperation to become relevant

you can show from just that in most

cases that project is not serious that

project is in it for one reason and one

reason only and that is to get token

price appreciation or to attract capital

investment in their project from Venture

from Angels or from Private Sales Okay

so so be very wary of the pivoter now

there are some that are adjacent already

to AI so those data Marketplace projects

you can say you can argue okay that's

reasonable right they' found a good

product Market fit for a thing that's

already relevant to AI that is the

exception to that rule but be very wary

of pivoter projects that had nothing to

do with AI that are now all of Aid an

Allin on AI that screams danger to me

number two you should be very very wary

of projects that come out of nowhere

talking about being the next big AI

project especially ones where you have a

bunch of influencers spamming x with it

and saying this is the next 100x play

and you want to be looking for a few

things that'll tell you one you look at

their uh their um presence on social

media oftentimes it will be very recent

or they will have an account that's 10

years old or seven years old but there's

no tweets on it right that tells you

they've purchased an account that

supposed to make it look like they've

been around for a while when they

haven't been they deleted all the tweets

and now they're kind of coming back and

and building a brand um dangerous right

you may see they're tweeting and they're

not getting much engagement but they

have 50,000 followers again alarm Bells

should be going off the other one and

this is a personal thing for me but most

of the time I want to see the team on

the website okay I want to see that

there are real people building this

project that are willing to put their

reputation on the line for this project

if I go to a website there's no page

that talks about the team at all red

flag I will not touch it if I see a team

page and it's all aons or I go and I do

some digging and I find these aren't

real people or they've stolen images I

do a reverse search on their images and

I can't find them or I find them and

it's somebody else's name next to that

photo I'm not touching it because

nowadays it's too easy to create an

anonymous project get a few influencers

in on the gig pump that project and then

pull the rug and walk away and never

come back and to be honest with you it

sucks that we've gotten there because I

believe pseudonymity and anonymity are

are right but if you're building a

project and you want people to invest

capital I think you need to have some

way of establishing social proof whether

that is you can be anonymous but you

have to have a reputation online

historical

commits on GitHub previous experience

launching a project and succeeding

something but if you're not having a

team on your website or the team is

trying to look like real people and

they're not don't touch it it's very

dangerous that is sort of archetypal of

rug P the third rule would be make sure

that you listen to one simple piece of

advice which is if you enter a project

plan for when you're going to take

profits please

I I harp on this all the time I'm sure

people are sick of hearing it but I'm

going to keep mentioning it because I

did this in 2021 and I hope I saved a

lot of people I know I saved a lot of

people from roundt tripping their bags

so I'm asking you again if you invest in

something in AI watch it like a hawk set

targets and take profits at times that

you think make sense and don't drive too

much capital in that you cannot afford

to lose because you're going to get

burned on some of these when you're when

you're chasing a hyped narrative like AI

you are going to get burned on some so

be very very very cautious about that uh

final thing I want to say about Ai and

crypto you are very likely going to see

an increasing amount of blending of the

AI and dpin narrative decentralized

physical infrastructure narrative I

actually think that a lot of AI projects

that are popping up are better

classified as deepin projects but

they're kind of using AI as a way to

drive hype and I get it that makes a lot

of sense for them I understand but make

sure when you're doing a research you

actually unpack what the project is

trying to achieve and whether in the

longtail you're more bullish about dpin

than you are specifically just about AI

or if you are really focused on uh Ai

and promoting AI safety creating an

economy around AI created content Etc AI

uh AI training data all these things so

there are there is a difference between

the two so I would I would ask you to do

a little bit of research and a little

bit of thinking to yourself about which

one you're really the most bullish on uh

and then make your decisions based on

that so we've covered a lot of ground in

this video today I don't want to belabor

the point too much U but the bottom line

that I want to get across is that the AI

narrative I maintained you need to be

very careful with this is not going to

be a set it and forget it walk away

never look at it type of thing to chase

you're going to have to be very active

you're going to have to understand what

you're investing in at least a little

bit and yes hype is one way to drive

profit and I think lots of people are

going to do really really really well in

the crypto AI narrative but you need to

watch for when the narrative May shift

and you also need to watch for when you

hit those targets so you can take

profits because if you look at bull runs

have passed especially the metaverse

it's a great one everybody including

every Enterprise you can think of was

talking about the

metaverse pretty much no one survived

that one most of the metaverse projects

you saw that were at crazy valuations

99% losses or they don't even exist

anymore most companies aren't talking

about it anymore and there will always

be no matter how good a technology is an

insane hype cycle and then a coming back

down to earth as you realize that needs

more maturation in order to be adopted

at scale so be very cognizant of that

because it will happen even faster and

even more viciously in crypto than it

does in the broader market around AI in

the stock market for example so I part

with the final word that please go have

fun make some money that would be great

but just be very very careful and have a

plan going into it so you can protect

yourself from the losses When the Music

Stops make sure sure you got a chair in

that game of musical chairs and you're

not walking away with nothing so I want

to thank you very much for watching or

listening to this episode of crypto over

coffee I hope you have a wonderful rest

of your weekend and until next time

cheers