Has A MAJOR Altcoin DUMP Been TRIGGERED! ($69K REJECTED!)

Ran's Show - Crypto Alpha, News & Fundamentals
5 Mar 202446:15

Summary

TLDRThe script delivers an enthusiastic analysis of the cryptocurrency market, focusing on Bitcoin's imminent breach of its all-time high and the ensuing surge in momentum. It explores the potential impact of the highly anticipated Ethereum ETF approval and examines the narratives surrounding Ethereum and its layer 2 solutions. The script also highlights the resurgence of meme coins and the overall frothy market conditions, urging caution while emphasizing the importance of preserving capital for the latter stages of the bull market. With a blend of technical analysis, market insights, and a touch of humor, the script aims to inform and engage crypto enthusiasts, offering a glimpse into the excitement and potential profits that lie ahead.

Takeaways

  • 😄 The speaker is eagerly anticipating Bitcoin breaking its all-time high (ATH) price, possibly during the live show, which he believes will mark the start of an explosive bull run.
  • 🤑 The speaker expects investors to make the majority (80%) of their profits during the last 20% of the bull market cycle, following the Pareto principle.
  • 🌐 Ethereum (ETH) and its Layer 2 solutions like Arbitrum, Optimism, and Polygon are being touted as the next big narrative and trading opportunity.
  • ⚠️ The speaker expresses concerns about the high levels of greed, leverage, and froth in the market, indicating potential for a pullback or correction.
  • 🪙 Meme coins and dog-themed coins are once again gaining traction, which the speaker views as a sign of excessive speculation and froth.
  • 💰 The speaker encourages viewers to shift their profits from meme coins into Ethereum and its Layer 2 solutions in preparation for the upcoming "altcoin season".
  • 📈 Bitcoin's rally is being fueled by the approval of Bitcoin ETFs and the potential launch of an Ethereum ETF, attracting institutional investors.
  • 🎯 The speaker advises viewers to focus on new narratives and projects without baggage from the previous cycle, as they offer better price discovery opportunities.
  • 🎉 The show features giveaways, including a full Bitcoin, an Apple Vision Pro, and the "Banter Bags" containing IDO allocations.
  • 🔮 The speaker believes the current cycle is shaping up to be one of the best Bitcoin and crypto cycles ever, driven by factors like low interest rates and institutional adoption.

Q & A

  • What is the speaker's primary focus for this particular show?

    -The speaker's primary focus is on Bitcoin potentially breaking its all-time high price during the live show, as well as discussing the potential for further gains and the next phase of the bull market after the all-time high is broken.

  • What does the speaker believe will happen once Bitcoin breaks its all-time high?

    -The speaker believes that once Bitcoin breaks its all-time high, it will enter a phase of "price discovery," where the market will attempt to determine Bitcoin's true worth. He cites historical data suggesting that Bitcoin has doubled in price within 18 days or less after breaking its previous all-time highs.

  • How does the speaker view the current state of the altcoin market?

    -The speaker is concerned about the current state of the altcoin market, which he perceives as being overheated. He cites indicators such as high fear and greed index levels, excessive leverage, and the resurgence of meme coins as signs of potential froth in the market.

  • What is the speaker's recommendation regarding altcoin investments?

    -The speaker recommends shifting profits from meme coins and speculative altcoins into the Ethereum ecosystem, specifically Ethereum layer 2 solutions and related tokens. He believes this narrative will be the next major opportunity in the bull market.

  • What is the "Pareto Principle" that the speaker mentions, and how does it apply to the current bull market?

    -The Pareto Principle, also known as the 80/20 rule, suggests that 80% of the consequences come from 20% of the causes. In the context of the bull market, the speaker believes that investors will make 80% of their profits in the last 20% of the bull market cycle.

  • What is the significance of the fear and greed index being at 90, according to the speaker?

    -The speaker views a fear and greed index of 90 as a concerning sign, indicating extreme greed and potential market overheating. He suggests that investors should adopt a more risk-off mindset at these levels to preserve capital for the later stages of the bull market.

  • What does the speaker think about the potential approval of an Ethereum ETF?

    -The speaker believes that the approval of an Ethereum ETF could be a game-changer, potentially shifting the narrative and capital inflows from Bitcoin to Ethereum. He cites concerns from other experts about the potential impact of an Ethereum ETF on Bitcoin's dominance.

  • What is the speaker's view on leverage in the current market environment?

    -The speaker is wary of the excessive leverage being used by traders in the current market environment. He highlights the high costs associated with maintaining leveraged positions and the risk of sudden liquidations, especially during market pullbacks.

  • What is the "banter bags" giveaway that the speaker mentions?

    -The "banter bags" giveaway is a promotion where the speaker's team gives away $1,000 worth of IDO allocations from various projects to subscribers of their service. The speaker mentions the potential to give away millions of dollars through this promotion during the bull market.

  • What is the significance of the "CoinStats" platform that the speaker mentions?

    -The speaker mentions CoinStats, a sponsor platform that allows users to track all their centralized exchange accounts and wallets in one place. He shares an anecdote about discovering additional profits through CoinStats by tracking tokens that had increased in value across his various holdings.

Outlines

00:00

🎬 Excitement about Bitcoin breaking all-time high

The speaker expresses excitement about the possibility of Bitcoin breaking its all-time high during the live show, stating that it would mark the beginning of the fun part of the bull market cycle. He discusses the potential for Bitcoin to double in price within 18 days after breaking the previous record, based on historical patterns. The speaker encourages viewers to make price predictions on the banter bubbles app for a chance to win a full Bitcoin, and also mentions the banter bags giveaway.

05:00

🚀 Bitcoin's momentum and Wall Street's involvement

The speaker references a CNBC interview with Pump, who discusses the significant inflows into Bitcoin ETFs and the high demand for Bitcoin relative to its supply. He highlights that in three out of the four previous instances when Bitcoin broke its all-time high, it doubled in price within 18 days. The speaker also mentions the upcoming Bitcoin halving event, which will reduce the supply of new Bitcoin, potentially driving prices higher. He emphasizes the strong momentum and interest surrounding Bitcoin.

10:04

💰 Concerns about excessive leverage and euphoria

The speaker expresses concerns about the excessive leverage and euphoria in the crypto market. He cites the high leverage costs he's paying on his positions and the record-breaking levels of leverage across various tokens. Additionally, he points out that the Fear and Greed Index is at 90, indicating extreme greed, and that NFT sales and the Coinbase app's ranking suggest retail FOMO. The speaker advises caution and advocates for preserving capital rather than chasing profits recklessly during this phase of the market cycle.

15:05

📈 Tracking user growth and potential giveaways

The speaker discusses the rapid growth in the number of users accessing the banter bubbles app, reaching over 22,000 daily users. He mentions the potential giveaway of an Apple Vision Pro to a randomly selected user who has signed up with a Crypto Banter partner exchange. The speaker also highlights the banter bags giveaway, where users can win cryptocurrency allocations by being subscribed to Banter and Banter Plus.

20:06

🏆 Comparing Bitcoin cycles and the 80/20 principle

The speaker compares the current Bitcoin cycle to previous cycles, noting that it's one of the best and fastest-moving cycles so far, with a 390% increase from the lows. He discusses the potential impact of the Federal Reserve's interest rate decisions on risk assets like Bitcoin. The speaker introduces the 80/20 principle, where 80% of profits are expected to be made in the last 20% of the bull market cycle, emphasizing the importance of capturing those gains.

25:07

🌊 The emerging Ethereum narrative and layer 2 solutions

The speaker shifts focus to the emerging Ethereum narrative, suggesting that Ethereum and its layer 2 solutions could be the next exciting trade. He discusses the potential impact of the upcoming Ethereum ETF and the Denon upgrade, which is expected to reduce layer 2 transaction fees by 90%. The speaker highlights several layer 2 projects, including Arbitrum, Optimism, Matic, Starknet, and others, as potential investment opportunities within this narrative.

30:09

📚 Exploring layer 2 narratives and projects

The speaker delves deeper into the layer 2 narrative, discussing various projects and their unique value propositions. He mentions Optimism's super chain concept, which aims to create interoperability between chains. The speaker also highlights projects like Matic, Manta, Starknet, and Cot, a privacy-focused layer 2 solution. Additionally, he mentions the potential for airdrops from projects like Dop, which offers private transactions on Ethereum.

35:09

🔥 Positioning for the next phase of the alt season

The speaker discusses the potential for the alternative cryptocurrency (altcoin) season to unfold after the Ethereum narrative plays out. He suggests positioning in Bitcoin, Ethereum, and layer 2 solutions initially, followed by large-cap altcoins and then small-cap altcoins. The speaker emphasizes the importance of being prepared for the rapid price movements that typically occur during this phase of the market cycle.

40:13

📈 Tracking market movements and potential trades

The speaker continues to monitor the market movements, particularly the potential for Bitcoin to break its all-time high during the live show. He shares his thoughts on various tokens, including FTT, which he considers a potential short opportunity. The speaker also discusses his open positions, including a profitable trade on Solana (SOL) and a losing short position on an AI-related token. He encourages viewers to position themselves for the upcoming phases of the market cycle.

45:15

📊 Tracking portfolios and potential giveaways

The speaker discusses the use of CoinStats, a sponsor that allows users to track their portfolios across multiple exchanges and wallets in a unified manner. He mentions discovering additional gains by consolidating his holdings through CoinStats. The speaker also reminds viewers about the potential giveaway of an Apple Vision Pro to a randomly selected user who has signed up with a Crypto Banter partner exchange, as well as the ongoing banter bags giveaway.

Mindmap

Keywords

💡Bull Market

A bull market refers to a prolonged period of rising prices and positive investor sentiment in a financial market, such as the cryptocurrency market. The video script frequently mentions being in a bull market and discusses strategies for maximizing profits during this phase of the market cycle. For example, the host states: "This cycle is about to get crazy and the reality is that no matter how much money you've made this is the part of the cycle where you're going to land up making the most money." The concept of a bull market is central to the video's theme of capitalizing on the current upward trend in cryptocurrency prices.

💡All-Time High (ATH)

The all-time high, or ATH, refers to the highest price level that an asset, such as Bitcoin or other cryptocurrencies, has ever reached. The video script closely tracks the price of Bitcoin and anticipates it breaking its previous ATH, which is seen as a significant milestone and potential catalyst for further price increases. The host states: "When the all-time high is broken, guys, that is when the fun begins, that is when the Market's really really really going to rip." Breaking the ATH is portrayed as a pivotal moment in the bull market cycle, opening the door to accelerated price appreciation.

💡Leverage

In the context of trading, leverage refers to the practice of using borrowed funds or debt to increase one's potential returns (or losses) on an investment. The video script repeatedly discusses the high levels of leverage being employed by traders in the cryptocurrency market, which can amplify both gains and losses. The host expresses concern about the excessive use of leverage, stating: "The problem with leverage in the market is that we get these leverage flashes every now and then, and when we get those leverage flashes, they wreck a whole lot of traders." Leverage is portrayed as a double-edged sword that can significantly impact trading outcomes during the bull market.

💡Fear and Greed Index

The Fear and Greed Index is a metric used to gauge the overall sentiment and emotion in a market, such as the cryptocurrency market. The video script closely monitors the Fear and Greed Index, which is shown to be at extremely high levels, indicating excessive greed and potential market overheating. The host states: "Look at this fear and greed it's at 90, now look it's not the end of the world, because it has been at 90 before in 2019, for a couple of days." The Fear and Greed Index is used as an indicator of market conditions and a potential warning sign of overheated or frothy markets.

💡Altcoin

Altcoins, short for alternative coins, refer to any cryptocurrency other than Bitcoin. The video script discusses various altcoin narratives and strategies for investing in altcoins during the bull market cycle. The host advises: "Shift your profits out of meme coins and start putting them into the eth layer, to the E trades." Altcoins are presented as potential investment opportunities, particularly those related to the Ethereum ecosystem and layer-2 solutions, as the bull market progresses.

💡Ethereum (ETH)

Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and is mentioned extensively in the video script as a key investment narrative during the current bull market cycle. The host states: "I think the exciting narrative is actually the other narrative, which is eth." The video discusses the potential for an Ethereum ETF, upcoming upgrades like EIP-4844, and the growth of the Ethereum layer-2 ecosystem as drivers of ETH's price appreciation. Ethereum is portrayed as a critical component of the bull market narrative and a potential alternative to Bitcoin for investors.

💡Layer 2 Solutions

Layer 2 solutions, also known as layer-2 protocols, are scalability solutions built on top of the Ethereum blockchain. The video script highlights various layer-2 projects, such as Arbitrum, Optimism, and Polygon (Matic), as promising investment opportunities within the Ethereum ecosystem. The host states: "You can see a lot of them have actually had real moves today, real, real, real moves today." Layer 2 solutions are presented as a way to capitalize on the growth of the Ethereum network and the potential for increased adoption and usage of these scalability solutions.

💡Meme Coins

Meme coins are cryptocurrencies that were created as parodies or jokes, often inspired by internet memes or cultural references. The video script acknowledges the resurgence of meme coin trading activity, which is seen as a sign of market froth and excessive speculation. The host states: "You talk to a meme coin Trader now, you say to him, 'Look, you know, you got to be careful,' as I said yesterday, you can't treat meme coins as an investment, you got to treat them as a as a dirty trade." The popularity of meme coins is presented as a potential indicator of market euphoria and a contrarian sell signal.

💡FOMO (Fear of Missing Out)

FOMO, or the Fear of Missing Out, is a psychological phenomenon that drives individuals to participate in an activity or investment opportunity due to the fear of missing out on potential gains. The video script discusses the FOMO that is beginning to take hold in the cryptocurrency market, with more and more people rushing to invest in Bitcoin and other cryptocurrencies. The host states: "People are starting to flock into Bitcoin, it's not only the institutions, we're starting to see The Leverage go through the roof." FOMO is presented as a driving force behind the current bull market, potentially fueling further price increases but also contributing to market overheating.

💡Pareto Principle (80/20 Rule)

The Pareto Principle, also known as the 80/20 rule, is a principle that suggests that 80% of the effects come from 20% of the causes. In the context of the video, the host applies the Pareto Principle to the bull market, stating: "The Pareto principle specifies that 80% of consequences come from 20% of the causes, it's basically 80% of your returns will come in 20% uh in the last 20% of the bull market." The Pareto Principle is used to suggest that a significant portion of the potential profits in the bull market will be realized in the final 20% of the cycle, emphasizing the importance of timing and positioning for maximum gains.

Highlights

The host expresses excitement about the potential of Bitcoin breaking its all-time high during the live show, stating that it would mark the beginning of a significant rally.

The host discusses the concept of the "Pareto Principle," where 80% of returns are expected to be made in the last 20% of the bull market, emphasizing the importance of preserving capital for the next phase.

The host warns about the high levels of fear and greed in the market, with leverage and non-fungible token (NFT) sales reaching concerning levels, indicating potential froth and a need for caution.

The host highlights Ethereum (ETH) and its layer-2 solutions as the next narrative and potential trade, citing the upcoming Ethereum Improvement Proposal (EIP) 4844 upgrade and its impact on reducing transaction fees.

The host discusses the potential for an Ethereum ETF, which could shift the narrative from Bitcoin to a Bitcoin versus Ethereum debate, affecting capital allocation.

The host advises positioning in Bitcoin, Ethereum, and large-cap altcoins, followed by small-cap altcoins, as the altcoin season is expected to unfold after Ethereum's rally.

The host mentions Solana (SOL) as a potential trade, highlighting a profitable position in their portfolio.

The host cautions against taking unnecessary risks and emphasizes the importance of preserving capital during the current market conditions.

The host discusses the potential for Bitcoin to double within 18 days of breaking its all-time high, based on historical patterns.

The host expresses concern about the high levels of leverage in the market, with new color codes being added to track the increased borrowing appetite.

The host mentions the potential for various layer-2 solutions, including Arbitrum, Optimism, Matic, Manta, Starknet, and Celo, to benefit from the Ethereum narrative.

The host discusses the concept of "new narratives" without baggage from previous cycles, which could experience better price discovery.

The host emphasizes the importance of managing funding costs when trading with leverage, as it can significantly impact profits.

The host mentions the potential for a giveaway of an Apple Vision Pro and the "Banter Bags" promotion, where subscribers can win cryptocurrency allocations.

The host recommends using CoinStats, a sponsor, to track all centralized exchange accounts and wallets in one place, citing its benefits.

Transcripts

play00:00

[Music]

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okay so we are looking to break the

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all-time high today in fact it probably

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could happen while we are live here on

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the show would be amazing if if uh if if

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we broke the alltime high while we were

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live when the alltime high is broken

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guys that is when the fun begins that is

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when the Market's really really really

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going to rip and when it happens it's

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going to happen quickly that is the

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point at the market where you're going

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to land up making most of your returns

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I'm going to show you exactly where in

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the cycle you're going to make the most

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part of your returns and I'm going to

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show you how much you're going to make

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and it's going to be interesting cuz

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what we're going to do is we're going to

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look at how much money you've made and

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then we're going to times it by the

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multiple of what I think you're still

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going to make and that should give you

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an end goal for what you're going to

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make in this bull market So today we're

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going to talk about how much money you

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are going to make in this bull market

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using the formula that I've got you also

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when this happens as I said it's going

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to happen really really really fast um

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and you need to make sure that if this

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happens really fast that you are

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positioned into the alt coin narratives

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but the problem is when I look at the

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altcoin narratives what I see is I see

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the market overheated I see the market

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at fear and greed of 90 and 90 usually

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means it's going to be some kind of

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pullback so there's not many old coins

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that I'd be buying there's not many old

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coins that I'd be buying but there is

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one narrative that is going to explode

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and has started to explode and I think

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you're still really really early into

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this narrative and I'm going to show you

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exactly what that narrative is and I'm

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going to show you exactly which tokens

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I'm playing in that narrative so guys

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let's go let's [ __ ]

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go has discussed crypto regulations and

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legislations at length and we have come

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to the conclusion that instead of

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regulating we are going to ape a fat bag

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each into laptop and pump it to over a

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billion 300 million trillion market cap

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let's [ __ ] go crackheads Council has

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discussed listen that's the part of the

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cycle that we're in like it or not

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that's the part of the cycle that we're

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in uh well guys welcome back welcome

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back excited to be doing another show

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today got a lot to talk about today uh

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Market really really really heated

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question is if you want to make money

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which narratives do you buy into and

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that's what I'm going to show you today

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also I'm going to show you how much

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money you're going to make this bull

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market I'm going to show you kind of

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like if you take how much you've made

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and multiply it by a certain multiplier

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that's how much you should aim to make

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in the rest of the bull market I'm going

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to show you exactly what that number is

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today so it's going to be a huge show

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today uh remember if you're not already

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subscribed to the best channel in the

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world subscribe I'll show you why you

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should subscribe if you don't know it's

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these things over here it's called the

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banter bags and as you can see what

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these are is we take $1,000 of Ido

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allocations that we get at banter and we

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put them into this thing called the

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banter bags uh right now we've already

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put $1,000 of Peck land and $1,000 of be

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be people into the into the banter bags

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if you're subscribed to Banter and you

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subscribed to Banter plus and you have

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any exchange account using a crypto

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banter link and there's links below here

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open any exchange account and then you

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qualify for the banter bags last time we

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gave away the banter bags we gave away

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millions of dollars I think it was like

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a couple of million dollars and we split

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it over 10 people we want to do the same

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in this bull market so subscribe I could

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select a winner any day now and we've

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already selected two winners I could

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select one today I mean who knows maybe

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I'll just go through the chat today and

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maybe I'll call someone like faway or

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fetty or chadwin or Cole or Steven I

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don't know you never know just make sure

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that when I do you're subscribe to

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Banter subscribe to Banter plus and that

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you have an exchange account using uh

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one of the crypt banter links also if

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you have opened an exchange account in

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the last couple of weeks using a crypt

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banter link you do stand a chance to win

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the Apple Vision Pro which we'll give

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away later on at the end of the show so

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big show today we're going to have a lot

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of fun um if you want Alpha smash the

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like button the more you smash the like

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button the more excited I get I'm a very

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easily excitable guy generally every

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time that the likes hit 100 I get more

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and more excited when I get more excited

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I just spit Alpha spit Alpha spit Alpha

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and if you've been listening to Alpha

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then chances are you're already well on

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the way to making life-changing money in

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this bull market and that's effectively

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where we are we're very much in the bull

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market in fact I looked at this today

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which was something which was very

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interesting they call this the Bitcoin

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recovery process and they they talked

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about the recovery process about how

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long it's taken Bitcoin to recover and

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we can see that we are now 99% recovered

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from the previous High after a long long

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long long long bare market so if you

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were here for the bare Market um you can

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pretty much say that anybody who bought

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any Bitcoin since the previous cycle is

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actually now in profits and if it

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carries on like this if it carries on

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like this we could break the all-time

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high today and if we don't break it

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today we could break it tomorrow but I

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don't believe that the all-time high is

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going to be broken like a knife through

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a hot knife through butter I think

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there's going to be some kind of

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resistance I mean I hope there's not but

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I think there's going to be some kind of

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resistance when we break the alltime

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high guys when we break the alltime high

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that is when it actually gets exciting

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and I don't know if you saw this but

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pump who was on CNBC every time he goes

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on CNBC he wears the same suit and tie

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it kills me I don't know if it's just me

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but literally the guy wears the same

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suit and tie every single time but this

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is what he said on CNBC now I don't

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agree with him always and I do sometimes

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believe that when pump goes on to CNBC

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it could be a top signal but it's worth

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listening to what he said yep if you

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look over the last 60 days and in the

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next 60 days I think there's two big

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Stories the ETF approvals obviously were

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a huge deal uh Black Rock alone has 11

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billion in their ETF they added a

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billion dollars just in the last day and

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so these are massive inflows for just

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one fund there's 11 of them and so

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obviously there's tons of money coming

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in about 12 times more demand for

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Bitcoin than what the network is

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producing every single day but also as

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we near this record high if we go back

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and we look at past record high breaks

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or if we eclipse the old alltime High

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three of the four times Bitcoin doubled

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in 18 days or less and so if you think

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about that for a second once you break

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through an all-time high it's price

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Discovery what what is this thing worth

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the world is going to try to figure that

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out and three of the last four times in

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18 days or less it doubled in price you

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add in the fact that we have the having

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in coming and we're going to go from 900

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Bitcoin a day coming into the supply to

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450 and it's very hard to make an

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argument that Bitcoin is not going much

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higher so the last few times the last

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few times that we've broken the all-time

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high after 18 days Bitcoin has doubled

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so in December 2020 when we broke the

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alltime high it took 18 days for coin to

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double so let's go back to December

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2020 um that is over here December

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December December 2020 it would be there

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somewhere over there so if you if you

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look at that it took 18 days for Bitcoin

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to to double after that point in March

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17 it took 84 days in November 2013 it

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took 10 days and in March 13 it took 18

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days so there is a chance that once

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Bitcoin breaks the alltime high could as

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I said it could happen today if we we

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all pray hard enough in fact can I can I

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press the prayer can I is is is the

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prayer where where is the prayer hold on

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let let's quickly Market prayer it's it

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called okay here we go let's just maybe

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all just quickly say a

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prayer so I think if we if we carry on

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if we carry on with the prayer and we

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carry on uh uh if we carry on with the

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prayer then then we could get Bitcoin

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actually doubling in this uh in in in

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the next couple of days remember once we

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break the alltime high it goes into

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price Discovery and once we're in price

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Discovery there's just no rules for

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where this thing can actually go another

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thing which is worth noticing is looking

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at the rsis so let's quickly just call

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up the RSI here so that you guys can see

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it so look where the RSI are now the

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rsis now are at 87 87 is very very very

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high for for the rsis but if you look at

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this it says when Bitcoin broke the

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former alltime High the RSI was already

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87 we red

play08:05

232 in the following four months the

play08:08

first pullback was after was after a

play08:10

100% move to 40,000 and it pulled back

play08:12

to 30% the current bitcoin price is 87

play08:15

uh the current bitcoin weekly RSI is 87

play08:18

against the former weekly High the

play08:20

similarities are good which is positive

play08:22

not because I'm saying that we're going

play08:23

to follow the exact path but because it

play08:24

helps me demonstrate the example and

play08:26

common mistake of failing to believe

play08:28

momentum or truly strive for the upside

play08:30

that is possible stop associ over

play08:32

associating overboard with weakness

play08:34

start associating it more with momentum

play08:37

fight the urge to believe that extension

play08:39

means slowdown we're accelerating and

play08:40

it's momentum and it's pure strength

play08:43

that is the mistake that a lot of people

play08:44

make they believe that once a token

play08:46

breaks its alltime high it gets tired

play08:49

but it's very different once a token

play08:51

gets to its alltime high usually what

play08:54

happens is and it breaks the alltime

play08:55

high that is when we start accelerating

play08:58

not when we actually start slowing down

play09:01

and that correlates to what Willie woo

play09:03

says over here he says you think we're

play09:04

in a bull market we're not this has been

play09:06

a warm-up it's a fundamentals a full

play09:08

fundamental driven bull market and it's

play09:11

marked by the break of the upper blue

play09:12

band over here which is I think he's

play09:14

talking about the rsis here when it

play09:16

breaks tradire is in for a shock and if

play09:19

you think about that tradire have never

play09:21

seen a Bitcoin bull market before

play09:23

they've never been participating in a

play09:25

black in a in a Bitcoin uh uh uh bull

play09:28

market before and you can see that now

play09:30

everywhere you look everyone is talking

play09:33

about Bitcoin the guys that are are not

play09:36

in are very bit with Bitcoin I mean you

play09:38

can see that what is I haven't even

play09:40

looked what's Bitcoin like a

play09:51

100 I love it I love

play09:58

65,000

play10:03

bitcoin's at

play10:09

65,000 that you know what we're GNA end

play10:11

up having we're gonna have all these

play10:13

Bitcoin like billionaires and all the

play10:15

rich people who just bought Bitcoin

play10:17

didn't do anything else with their life

play10:19

they literally just buy Bitcoin and you

play10:21

see them and they're throw they're

play10:22

buying Apartments cars bees throwing

play10:24

around money acting like the [ __ ] walk

play10:26

it's like what' you do oh I bought

play10:28

Bitcoin oh

play10:31

nice 65,000 for Bitcoin a lot of them a

play10:35

lot of them are

play10:38

bitter Bitcoin depresses me like I I I

play10:42

respect it I I don't know how I haven't

play10:46

made a billion dollars on bitcoin and

play10:49

I've made I've made nothing I've lost

play10:51

them I'm the only guy how do you lose on

play10:53

bitcoin how do you lose on bitcoin how

play10:55

do you behind on bitcoin I am hey I am I

play10:58

don't know how how do you believe in bit

play11:00

you see a lot of them a lot of them are

play11:01

are very bitter I mean you can see it

play11:03

you can see it here as well Kramer as

play11:05

well I first thought the rally in

play11:07

Bitcoin was because of the ETF I just

play11:10

think people are just saying you know

play11:11

what I don't trust these Fiat Fiat

play11:13

currencies so let's just be as a hedge

play11:16

diversification hedge to including our

play11:18

own he's starting to talk about it

play11:20

everybody in tradire is starting to talk

play11:22

about it Tom Lee came on today and he

play11:23

said look he he really thinks that

play11:24

bitcoin's going to go to mean reversion

play11:26

and it's going to go to 82,000 but

play11:29

everywhere you go now in the news

play11:30

everyone is talking about Bitcoin it's

play11:32

Bitcoin Bitcoin a snazzy breaking news

play11:34

graphic we are on bitcoin record watch

play11:38

Bitcoin got close to the record about 20

play11:41

minutes ago it's just a well now it's

play11:43

below 68,000 Bitcoin moves around a lot

play11:46

but it passed 68,000 for the first time

play11:48

in 3 years bitcoin's record high is

play11:52

68,9 182 so actually right now we're

play11:55

exactly $1,000 away from that but we're

play11:57

within a couple coup 100 points just

play12:00

moments ago so obviously wouldn't be

play12:02

surprised to see Bitcoin which was at 16

play12:06

or 15,000 like a year mean he go he goes

play12:08

on and he speaks to Tomley and Tomley

play12:10

then calls it up to 82,000 maybe even

play12:13

150,000 and of course the reason is

play12:15

because the ETF just keep bringing in

play12:17

more money and it's not going to stop

play12:18

because what Black Rock are now starting

play12:21

to do is they're starting to put the bit

play12:23

Bitcoin into all of the other ETFs or

play12:25

into a lot of the other ETFs they were

play12:28

they just filed a filing for a new ETF

play12:29

and says the fund May acquire shares in

play12:33

etps that that that generally reflect

play12:35

the performance of Bitcoin so they're

play12:37

starting to put Bitcoin into into all

play12:40

their other funds which is starting to

play12:42

to drive the price up and that's kind of

play12:45

that's more or less where we are in the

play12:47

cycle and I knew this would happen I

play12:48

said that if we get to a point where the

play12:51

Bitcoin price starts running after the

play12:53

ETF we get a fomo party that is about to

play12:56

start as schemo says now the fomo party

play12:58

is actually starting and the fomo is

play13:00

real guys people are starting to flock

play13:03

into Bitcoin it's not only the

play13:04

institutions we're starting to see The

play13:06

Leverage go through the roof I want to

play13:08

show you what I mean by go through the

play13:09

roof it's worring so remember when we

play13:11

used to look at this chart and this

play13:13

chart basically shows you the leverage

play13:15

on each one of the tokens and you can

play13:17

see that every single token is now

play13:19

orange now the concern is that a few

play13:21

days ago we only had yellow there was

play13:24

only a yellow color code there was no

play13:26

orange it was only yellow because we

play13:28

became such DJ because we were so mental

play13:31

because we were so [ __ ] what happened

play13:33

was they now had to add another color

play13:35

which is orange and soon they're going

play13:36

to have to add red because we want to

play13:39

borrow so much money to start taking

play13:41

leverage because we are leveraged apes

play13:43

and someone says we're going to have to

play13:44

add another color now aren't we and

play13:46

that's the truth like we are just orange

play13:48

on [ __ ] everything look at this look

play13:51

at the one day look at the one day it's

play13:54

all orange it's a completely new color

play13:56

that is how much appetite there is for

play13:58

leverage and in this market and the

play13:59

problem with leverage in the market is

play14:00

that we get these leverage flashes every

play14:02

now and then and when we get those

play14:04

leverage flashes they wreck a whole lot

play14:05

of traders in fact half a billion

play14:07

dollars worth of Leverage has been

play14:08

wrecked but it's made no difference to

play14:10

the amount of Leverage that's actually

play14:12

in the market the the the the amount of

play14:14

Leverage in the market is still

play14:16

ridiculous I've never seen the market

play14:18

that is so

play14:19

overheated and I don't know if if you

play14:21

guys noticed this and I'm sure if you

play14:23

are trading leverage you notic this but

play14:25

the leverage costs are actually so

play14:26

ridiculous that they're really starting

play14:28

to add up now like I want to just show

play14:29

you like on on our leverage positions

play14:32

specifically you can see that let me

play14:34

just go a bit higher so for those of you

play14:36

who who can't see you can see on this

play14:37

Bitcoin position we've made 442,000

play14:39

bucks but we've paid $44,000 in leverage

play14:43

and in there's and in this one here

play14:45

we've made $89,000 but we've paid $7,000

play14:48

to hold the leverag here and the reason

play14:50

is when I when you buy 11 Bitcoin and

play14:53

I'm holding 11 Bitcoin in this position

play14:55

the value of the 11 Bitcoin is 11 time

play14:58

$67,000 it's about $700,000 I'm paying

play15:01

interest on $700,000 to hold that

play15:04

position on Leverage and I'm paying

play15:06

interest at a rate that is like above

play15:09

100% a year so it's really really really

play15:12

starting to burn and you can see it with

play15:13

this guy over here he says like good

play15:14

morning shorters this is my gift to you

play15:16

thank you for matching my Longs but he

play15:17

paid them

play15:19

$225,000 in leverage now that's very

play15:21

cool when the market keeps going up but

play15:23

if we get a pullback now then you will

play15:25

see Traders like me and others who are

play15:27

on Leverage that will say hold on a

play15:29

second I was so far up but now the

play15:31

problem is I'm down and I still have to

play15:33

pay leverage and that's the problem with

play15:35

this leverage that's why this leverage

play15:36

becomes so dangerous the other thing

play15:39

that's worrying me is this fear and

play15:40

greed if I look at the fear and greed

play15:42

look at this fear and greed it's at 90

play15:44

now look it's not the end of the world

play15:46

because it has been at 90 before in 2019

play15:50

for a couple of days you can see like

play15:51

that you see that little let me show

play15:53

this little dot over here tiny tiny tiny

play15:56

that is in in that high that's when the

play15:58

Le when the greed and fear was so high

play16:00

and then here for 4 months the the greed

play16:03

and fear was this high for it lasted for

play16:05

4 months the the fear and greed was uh

play16:09

uh uh um was this high so that's where

play16:13

we are and we're also seeing that the

play16:15

nft market I mean there was an nft that

play16:17

just sold for $16 million which is the

play16:19

second highest nft sale ever guys all of

play16:21

these I got to be honest with you are

play16:22

making me worried it's telling me that

play16:24

there's a lot of fro in the market when

play16:25

there's a lot of fro in the market you

play16:27

have to start thinking risk off you

play16:29

cannot be thinking risk on you cannot be

play16:32

you cannot be taking careless ridiculous

play16:34

positions when the market is at the is

play16:37

at these levels you need to get into the

play16:39

mindset of I'm not here to make money

play16:43

I'm here to keep money A lot of people

play16:46

are going to make a lot of money very

play16:48

very very few people are going to keep

play16:50

money I really hope that the people here

play16:52

now the 8,170 of you that are watching

play16:54

the show now are in the mindset of

play16:56

keeping money and not making money don't

play16:59

take unnecessary risk risks because we

play17:01

need to preserve our capital for the

play17:02

next part of the bull market when shit's

play17:04

going to go crazy in this part of the

play17:06

bull market we seeing all the signs of

play17:07

fro nfts are selling for a big number

play17:09

fear and greed is high Leverage is high

play17:11

coinbase crashed again I mean you want

play17:14

proof that that that retail is here

play17:16

coinbase went and crashed again coinbase

play17:20

app is now ranking 49th on the App Store

play17:22

remember when the coinbase app gets to

play17:25

number one that is when we've had the

play17:26

two previous crashes and now we've gone

play17:29

from 350 on the App Store to position

play17:33

number 49 there's a frenzy going on

play17:36

right now we know when the when look at

play17:38

this the app was number 500 on the 9th

play17:41

of February on the 10th of February the

play17:42

12th of February it was 475 now the app

play17:45

is number 49 everybody wants to download

play17:47

the app because everybody wants to DJ

play17:49

into crypto we are at the foro stage of

play17:52

the cycle now and I can see the same

play17:53

thing with our banter bubbles uh so you

play17:58

can see the same thing in our banter

play18:00

bubbles I want to show you our banter

play18:02

bubbles usage statistics because even

play18:04

though these are confidential you guys

play18:06

are part of the fam I want you to see

play18:08

how how the numbers have gone up just in

play18:10

the last couple days on the 27th of

play18:12

February we were getting 12,000 people

play18:14

accessing the app every single day

play18:16

yesterday we got 22,000 people accessing

play18:19

the app today so far so far let's have a

play18:23

look just refreshing it we've had 18,000

play18:26

more and more and more people are

play18:28

starting to come into crypto and by the

play18:30

way if you are one of the 18 or 20,000

play18:32

or 25,000 people that are accessing

play18:33

banter bubbles I have to show you two

play18:34

things really quickly first thing is if

play18:36

you want to win a full Bitcoin and holy

play18:38

[ __ ] if you win a a full Bitcoin you're

play18:40

going to win more than

play18:41

$67,000 all you need to do is predict

play18:44

the price of Bitcoin you have to have an

play18:45

exchange account with any Crypt banter

play18:47

partner exchange buy bit bitg okx Evo

play18:50

bingx coin W doesn't matter who doesn't

play18:52

matter who and make a make a prediction

play18:55

if you are the right price on the 15th

play18:57

of May if you the the closest to the

play18:59

price on the 15th of May that's it we

play19:02

give you a Bitcoin it's like a

play19:04

no-brainer so that's one thing that I

play19:05

want you to notice on banter Bubbles and

play19:07

go and make predictions we'll read the

play19:08

predictions at the end of the show the

play19:10

other thing is if you're here and you're

play19:11

looking for Alpha and you want free

play19:13

Alpha there's no there's no better place

play19:16

to get Alpha than the Banton News Room

play19:18

which sits on the side here and you can

play19:19

literally watch the prices moving you

play19:21

can see like in the last hour the market

play19:23

is starting to pull back yes I'll tell

play19:25

you why the Market's why why I'm happy

play19:27

about the market starting to pull back

play19:28

back because short because I'm short

play19:31

Pepe and I'm short uh uh here I'm short

play19:34

Pepe there you see my pepe shorts

play19:35

actually up now $6,000 and I'm probably

play19:37

going to double down in that short in in

play19:39

the show I'm going to double down on

play19:40

that short in this show I'm doubling

play19:42

down on that show we'll put that that

play19:43

trade that trade on together uh a bit

play19:46

later on today anyway so that's where we

play19:49

are in the cycle please help us get

play19:50

these numbers up I want banter bubles to

play19:52

get to 100,000 you guys can help already

play19:55

22351 people are using it let's see if

play19:58

we can get that number up tell your

play19:59

friends access the the the banter

play20:01

Bubbles and let's [ __ ] go let's let's

play20:03

let's carry on in this in this cycle say

play20:05

let's carry on in the cycle the cycle

play20:07

has actually been one of the best

play20:09

Bitcoin and crypto Cycles ever okay it's

play20:12

like really one of the best Bitcoin and

play20:13

crypto Cycles ever you can see that

play20:15

right now we are up

play20:17

390 from the lows where we were on

play20:20

bitcoin and that means that in this

play20:22

cycle other than the very early Cycles

play20:24

which was the 2011 and the 20 2010 and

play20:27

2011

play20:28

this is the best Bitcoin cycle so far we

play20:31

up 39% from the lows it's the fastest

play20:34

moving Bitcoin cycle and the reality is

play20:38

that as fast moving as the cycle is the

play20:41

fun part of the cycle actually comes

play20:44

when we break the alltime high which is

play20:46

what I said so you can look at it here

play20:48

and you can say the fun part of the

play20:50

cycle actually happens when we break the

play20:53

all-time highs and it follows it

play20:56

actually I mean you can see that in this

play20:58

cycle Bitcoin starting to to really make

play20:59

waves is now uh uh eclipsed or yesterday

play21:02

eclipsed for a very short period the

play21:03

silver the silver market cap and it's

play21:06

going to be a very good cycle and the

play21:07

reason why it's going to be a very good

play21:08

cycle is because if you look at this

play21:10

blue line over here that's the FED funds

play21:12

rate that's the interest rate it's the

play21:14

first cycle that we've had where we've

play21:15

started a bull market when the FED funds

play21:17

rate is high and when the FED fund rate

play21:19

is high usually they're going to have to

play21:20

reduce it and if they reduce the rates

play21:22

they're going to make people invest more

play21:25

and they're going to make risk assets

play21:26

explode more and when they make risk

play21:28

assets explodes more Bitcoin is going to

play21:30

be the the the highest the the best

play21:33

performer out of this so This cycle is

play21:35

about is going is about to get crazy and

play21:37

the reality is that no matter how much

play21:39

money you've made this is the part of

play21:41

the cycle where you're going to land up

play21:42

making the most money and you want to

play21:44

know how much money you're going to make

play21:47

in this cycle well I got a very simple

play21:49

calculation for you a very simple for

play21:51

formula for you the formula is called

play21:54

the PTO principle now what is the PTO

play21:56

principle the parto principle is what

play21:57

they talk about the 8020 Rule and what

play22:00

they say is that you're going to make

play22:02

the 80 the the biggest 80% of your

play22:05

profits are going to be made in the last

play22:08

20% of the bull market that means that

play22:11

you take whatever profits you've made in

play22:13

the first part of the bull market and I

play22:14

know my number is quite big and I know

play22:16

Dan's number is very big the guys are

play22:18

the guys are DJ and AP

play22:20

mofo you're going to make

play22:22

80% 80% of your profits in the last 20%

play22:27

of the cycle

play22:28

and then you got to get out and you got

play22:29

to make sure that you're going to sell

play22:30

them so I mean for those of you who

play22:32

don't know actually Googled what the

play22:33

petto principle actually is the petto

play22:35

principle specifies that 80% of

play22:37

consequences come from 20% of the causes

play22:39

it's basically 80% of your returns will

play22:41

come in 20% uh in the last 20% of the

play22:44

bull market and that correlates back to

play22:47

Fred Krueger he says that he mentioned

play22:50

one of his videos nobody can predict the

play22:52

future but the fractal pattern is

play22:54

predicting three times previous cycle

play22:55

high so three times previous cycle High

play22:58

that's what the the the fractal pattern

play23:01

actually uh is predicting at the moment

play23:03

so the cycle is going very well and the

play23:05

question is where are we in the cycle

play23:07

we're not in the early stage we could be

play23:09

in the midstage valuations can't can't

play23:11

go higher makes no sense the the later

play23:13

stage is Market is overheated and

play23:14

valuations make no sense I think we're

play23:16

somewhere between mid-stage and late

play23:18

stage but I think we're more and then

play23:19

we're going to Bubble stage so you still

play23:21

have the majority of the bull market uh

play23:25

uh going you still have the majority of

play23:27

the bull market going going for you so

play23:30

that is someone says is it

play23:56

68,69

play24:07

[Applause]

play24:08

[Music]

play24:10

I'm telling you if we carry on doing

play24:11

this if we carry on doing that we're

play24:12

going to we're going to we're going to

play24:13

singlehandedly as a community we're

play24:14

going to drive the price to to the

play24:16

all-time high um I mean I don't know if

play24:19

you saw this but Micro strategy this is

play24:22

such a great advert for Bitcoin because

play24:25

their share price is actually

play24:26

outperformed the Nvidia share price

play24:28

and the amount of money that they've

play24:29

made they've

play24:31

made his unrealized profit Michael said

play24:33

has made 7 billion dollars in in micro

play24:37

strategy's name he's also made a whole

play24:39

lot of money in his personal I don't if

play24:40

you remember but he actually put like a

play24:41

lot of his wealth over a billion dollars

play24:43

of his own personal wealth into Bitcoin

play24:45

can you imagine how he could be one of

play24:46

the richest people in the world he could

play24:48

be he's a legend he could be one of the

play24:49

richest people in the

play24:50

world so that's when what happens that's

play24:53

that's the story when it comes to

play24:54

Bitcoin now let's talk about altcoins

play24:56

cuz I'm very worried I'm very very very

play24:59

worried about where the market is right

play25:01

now um Chris biski kind of agrees with

play25:03

me he says look we're nearing the one-

play25:04

year anniversary of the sbv collapse the

play25:07

timeline is euphoric many respectable

play25:10

investors are noting speculative access

play25:12

in in the Bitcoin Market basically he's

play25:14

talking about crazy crazy crazy Euphoria

play25:17

in the market and I think to be honest

play25:19

he's right I mean just look at the

play25:20

bubbles which are the tokens that are

play25:22

moving again it's the meme coins it's l

play25:25

I think lunacy I think there was Doan

play25:26

news today yeah yeah uh if the

play25:28

researchers could just send me the do

play25:30

one news I could look at the do one news

play25:32

but there's there's a lot of do one news

play25:34

um I mean this is another thing which I

play25:36

saw which which reminds me of the

play25:37

Euphoria in the market it's the mcoin

play25:39

Traders taking calculated risks because

play25:41

you talk to a mem coin Trader now you

play25:43

say to him look you know you got to be

play25:44

careful as I said yesterday you can't

play25:46

treat memec coins in investment you got

play25:47

to treat them as a as a dirty trade and

play25:50

then they all say to me don't worry I'm

play25:51

managing my risk I'm managing my risk

play25:53

and this is what what them managing

play25:55

their risk looks

play25:56

like

play25:58

oh I mean that's literally what the

play26:01

mcoin Traders are are doing right now

play26:02

it's they they they're all managing

play26:04

their risk you can see the volume in mem

play26:06

coins has gone crazy I even heard

play26:08

Bloomberg talking about going to Clos in

play26:10

the green I do want to talk about

play26:11

something we just chatted about um on

play26:13

radio guys uh the era of the meane coin

play26:16

is back can you believe that no I don't

play26:18

uh there's a tell me more Tim okay

play26:20

there's Pepe the dog the Pepe the Frog

play26:23

themed coin Bloomberg and dog with hat

play26:25

Bloomberg this is new to me I'm just

play26:27

learning from among the most red mu ya

play26:29

Shen I think this is all just to coin it

play26:31

is certainly back okay is that is that

play26:34

where we're at is is this like the

play26:35

contrarian sell signal now that's what

play26:37

I'm thinking this is like there's a

play26:38

sentiment indicator here right so as

play26:39

soon as Bitcoin hits 69,000 what happens

play26:42

to all these other meme coins that's a

play26:44

big question right can't believe mean

play26:46

not really right because now you're

play26:48

waiting for I can't believe Bloomberg is

play26:49

talking like this I can't believe

play26:50

Bitcoin Bloomberg is talking like this

play26:52

okay you guys uh James move the live

play26:54

CEST I can see the price of Bitcoin so I

play26:56

can see put the price ofit coin up here

play26:58

so I can see what the price of Bitcoin

play26:59

is so I can see when we got to make

play27:00

history together we have to make history

play27:02

together here today um I mean you want

play27:05

more signs of froth I'll show you there

play27:07

is a category on coin Gea called Dog

play27:09

themed coins did you know that dog

play27:12

themed coins then you've got another

play27:14

category called

play27:16

potify okay what is potify it's

play27:19

basically meme coins Trump free Trump

play27:21

trump trumpcoin it's mem

play27:24

coins no jokes it is mem coins

play27:28

oh wait we did say we did tell the

play27:31

researchers against okay so we did we

play27:33

did see that Luna is pumping because do

play27:35

one wins his appeal uh he's not going to

play27:37

the US in a rare win for doad and the

play27:40

jail co-founder uh moneger c overruled a

play27:43

lower court to extra into US according

play27:45

to the statement so he's not going to

play27:46

the US okay fine that's that's good for

play27:47

do one he stays in the jail somewhere

play27:49

else um so we can see that the amount of

play27:53

fro in this market is back Andrew Kang

play27:55

says advocating for 1 12 5% portfolio

play27:58

allocation of mean coins is like the

play27:59

Boomers advocating for 1.5% of their

play28:01

allocation to bitcoin I agree put 125%

play28:05

of your uh allocation into Bitcoin but

play28:08

that's not the exciting narrative like

play28:10

to me right now Bitcoin is not the

play28:11

exciting narrative as I said to you I

play28:13

think that Bitcoin is going to break the

play28:14

all-time high but I think the exciting

play28:16

narrative is actually the other

play28:18

narrative which is eth I don't know if

play28:20

you guys have been watching the chart

play28:21

but I spoke to you yesterday about eth

play28:23

and I told you that eth is actually

play28:25

right now the better Trader and the

play28:26

reason why I think eth is maybe the

play28:27

better trade is you look at where eth is

play28:30

so we've broken this level over here

play28:32

which was the 3,500 level now we we

play28:34

threw that there's pretty much no real

play28:36

resistance until like 39 and then we're

play28:38

going to go straight up to to 4841 so

play28:41

I'm seeing a huge acceleration in in eth

play28:44

right now and you got to think about

play28:46

this the last time Bitcoin was trading

play28:47

at this level eth was at like 4,800 was

play28:50

at its alltime high and eth has been

play28:52

lagging okay it eth has been lagging and

play28:55

now you can see that even though e e has

play28:57

been lagging it has to have some kind of

play29:00

catch-up trade and the money will start

play29:02

flowing into the eth ecosystem the eth

play29:04

layer 2os and it's not um you can see

play29:08

like all the chartists everybody's kind

play29:09

of looking and saying eth eth eth e eth

play29:12

even on CNBC again now they're starting

play29:14

to talk about the eth trade they're

play29:15

starting to give we're very early to

play29:17

this eth narrative trade it actually

play29:19

probably only started yesterday which is

play29:20

when I spoke about on my show but what

play29:22

you can see is that the

play29:24

guys and overall risk on complete

play29:27

complet perfect complete perfect storm

play29:29

but I think you have to look at the the

play29:31

the two products that investors really

play29:34

focus on number one obviously Bitcoin

play29:36

which has been traditionalized with the

play29:38

Advent of the ETFs here's the

play29:40

interesting one and here's the thought

play29:41

you have Bitcoin up 58% right you have

play29:44

ethereum up 57% ethereum doesn't have

play29:46

the ETF yet so you have a lot of people

play29:49

who are going to own ethereum on the

play29:51

belief that an ETF is coming is ethereum

play29:54

riding the back of Bitcoin or is

play29:56

ethereum round rally on the belief that

play29:58

the etf's coming because if it's

play29:59

rallying on the back of Bitcoin then

play30:01

there's so much more Alpha that can be

play30:04

generated and owning ethereum relative

play30:06

to bitcoin cu the etf's not there yet

play30:08

yeah I I don't I don't just so are

play30:10

talking about the ETF and the that's

play30:12

Wall Street talking about the ETF and

play30:13

ETF trade you can see that the Traders

play30:15

have started the the the options Traders

play30:18

have started to ape e the Futures

play30:19

Traders the CME Traders have started to

play30:21

AP e eth open interest is almost almost

play30:24

almost at an all-time high on the CME so

play30:26

it looks the eth trade is actually

play30:28

starting to happen and I saw this tweet

play30:29

earlier by Fred Kruger again he says my

play30:31

number one concern in life is that the

play30:33

eth ETF is the eth ETF if it's critical

play30:36

we keep Wall Street spigot 100% focused

play30:39

on bitcoin for at least one more year if

play30:41

they accept the eth ETF in 2025 it'll be

play30:43

too late Wall Street would have already

play30:44

committed all the money to bitcoin if by

play30:46

some hor the ETF passes this year which

play30:48

is what a lot of people think the

play30:50

narrative will shift from Bitcoin to V

play30:52

Bitcoin versus Ethan it'll be confusing

play30:54

I don't think so I think that two ETFs

play30:56

are are probably uh better than than one

play30:58

ETF and you can see that now the SEC

play31:01

started to to to start commenting and

play31:03

delaying decisions to get public

play31:04

feedback on the ETF and if you look at

play31:07

the recoveries or the bounces in the

play31:09

last couple of days the bounces in the

play31:11

last couple of days have very much been

play31:12

eth ETF or eth related which is exactly

play31:14

what I said to you yesterday I said look

play31:16

shift your profits out of mcoins and

play31:18

start putting them into the eth uh layer

play31:21

to the E trades and there's a couple of

play31:23

reasons one is obviously the ETF reason

play31:25

the second thing is that there's a lot

play31:27

of eth now being staked and and that

play31:29

removes from the supply then you got the

play31:32

EIP 4844 upgrade which is happening next

play31:35

week this is like the big upgrade which

play31:37

is called the Denon upgrade which is

play31:39

effectively what it does is it amongst

play31:41

other things lowers the cost of rollups

play31:44

or the cost of transactions for the

play31:46

layer tws by 90% so here is the the

play31:50

layer two transactions and this is what

play31:52

the layer two transactions are going to

play31:53

be after the ETF rollup so you can see

play31:56

that I mean the the numbers are huge

play31:57

it's a 90% reduction in layer to fees

play32:01

and that and and then of course there's

play32:03

The reaking Narrative of eth which is

play32:04

huge so you combine all those narratives

play32:07

together and now it's eth time in the

play32:08

Sun and you can see that now on from a

play32:11

chart point of view eth has broken

play32:12

critical levels in the chart and since

play32:15

it has broken critical levels in the

play32:16

chart we can expect eth to continue to

play32:18

go up that would be where I would be

play32:20

focusing right now from a trade point of

play32:22

view I would be taking my money out of

play32:24

speculative mean coins and being in the

play32:26

eth and eth layer twos which layer twos

play32:29

easy just go to L2 be.com look at some

play32:32

of the layer twos here I mean I've got a

play32:34

big a monster position in in arbitrum uh

play32:36

it's over here you can see that that

play32:38

position is up

play32:40

$39,000 um yeah someone said Bitcoin

play32:43

about to break all time high petite we

play32:44

are watching we all we're all watching

play32:46

together it's in the corner of the

play32:47

screen as you can see just look at the

play32:48

up at the top corner there of the screen

play32:50

and you'll see it um so look at the eth

play32:54

layer 2os there's a list for you here of

play32:56

which ones we're looking at and you can

play32:58

see a lot of them have actually had real

play32:59

moves today real real real moves today

play33:01

so arbitrum is up 5.48% we love arbitrum

play33:04

uh optimism also

play33:07

up optimism has a very very very unique

play33:11

model they're talking about this thing

play33:12

called super chains and what the super

play33:15

chain narrative is it's almost like

play33:17

Cosmos where people use the the op stack

play33:20

which is their Tech stack and then the

play33:22

chains kind of become interoperable so

play33:24

like Bas is using the optimism uh stack

play33:28

in fact you can hear what the founder

play33:29

said at uh I think it was was is it eth

play33:32

Denver yeah it was at eth Denver just

play33:34

listen to what he said uh bases in

play33:36

ethereum L2 incubated by coinbase and we

play33:38

are building as part of the super chain

play33:40

uh super chain you can kind of think

play33:41

about it like a big group of chains that

play33:44

have decided to come together and create

play33:46

something bigger than any one of them

play33:47

alone and we're doing that by building

play33:50

on a shared technology stack that's open

play33:52

source and accessible to everyone that's

play33:53

the op stack we're doing that by opting

play33:56

into shared security models with some

play33:58

things like the security Council and

play34:00

then we're doing that by actually

play34:01

creating technical interoperability

play34:03

between all the chains that they can

play34:05

actually more seamlessly transact and

play34:07

then the last piece is we're building a

play34:09

bunch of governance uh and financial

play34:10

infrastructure that basically funds

play34:12

those chains and the developers that are

play34:14

building on those chains to make it so

play34:15

they can build more more cool stuff on

play34:17

chain so that's what bass is and that's

play34:19

what the super chain is so so you've got

play34:22

so so you've got base with their with

play34:24

their super chain narrative let's go

play34:26

back to our our list there's our list um

play34:29

then you've got Matic let's not forget

play34:31

Matic Matic is the king of of layer twos

play34:33

it's got the most tvl the most users uh

play34:36

that's one that you've got to be looking

play34:38

at um meus Manta um so you want to be

play34:42

looking at at at mantle meus

play34:46

Manta meus Manta and mantle I mean I

play34:50

mean it's like it's like people that

play34:51

have kids that have the similar names um

play34:54

all have amazing uh uh uh

play34:57

stuff working against them the one that

play34:59

I'm a little bit skeptical of not

play35:01

because I think from a tech point of

play35:03

view stocket is one of the best and you

play35:05

can see it started to move today it

play35:07

really is one of the best technology

play35:09

Stacks out there and you can see it here

play35:11

it is it started to move it moved 16%

play35:13

problem is that the valuation is really

play35:15

high and there's very few tokens in

play35:16

circulation which means that if you land

play35:18

up holding this as a as a big investment

play35:21

is as a long-term investment you could

play35:22

actually get you could actually get

play35:24

destroyed by by tokens flowing in from

play35:27

from from token releases so that's the

play35:29

one that worries me a little bit um

play35:32

another one that I really like of course

play35:33

you know is cot C made an announcement

play35:35

that there are in eth layer 2 they're

play35:37

building it with this uh new technology

play35:39

this new privacy technology that's

play35:41

another one which I would hold one which

play35:43

is not launched but you can actually

play35:44

want you can actually get airdrop tokens

play35:46

is dop so dop is one of our sponsors um

play35:49

they are also privacy transaction e

play35:51

layer to you can actually send tokens

play35:53

from one person to another without

play35:55

without actually even them going on the

play35:57

blockchain Explorer so you like these

play35:59

are really private transactions if you

play36:01

want them to be and you can actually get

play36:03

an airdrop if you go and use the test

play36:04

net so just go to do and just click on

play36:05

test net and then go and mess around

play36:07

with test net you can actually um you

play36:09

can also get an airdrop so um these are

play36:12

the ones that I'd be looking at when it

play36:14

comes to the eth narrative obviously you

play36:16

can look at other eth players as well

play36:18

you can look at like things like ens you

play36:19

can look at things like Lio you can look

play36:21

at things like like uh um one that I

play36:23

showed you guys yesterday which I said

play36:25

was very good I said to you guys look at

play36:26

curve and I think curve if you look at

play36:28

Curve was also up a lot at some point

play36:31

today um maybe it started to come down

play36:33

now but it was it was up a lot um but

play36:36

you can see optimism stocket the

play36:38

Market's basically telling you what the

play36:39

next narrative is the Market's telling

play36:41

you ens eth naming Services the Market's

play36:44

telling you exactly what what the next

play36:46

narrative is it's also I mean look I'm

play36:48

looking at at this ftt and for me when

play36:51

ftt gets to like these kind of levels

play36:53

it's actually a great shot because this

play36:55

is not even a mem coin look the FTX

play36:57

exchange is closed it's never going to

play36:59

reopen only retards buy this token so if

play37:03

I don't know if you bought it I'm so

play37:04

sorry that I called you [ __ ] but it's

play37:06

actually true it is it is someone says

play37:08

what about Su look Su is not a eth

play37:10

narrative token it is a great blockchain

play37:13

uh it is a fantastic blockchain probably

play37:15

one of the best user experien

play37:16

blockchains on the market if you're

play37:17

looking for for a good blockchain in

play37:19

terms of user experience uh suie

play37:21

definitely one of one of the the best

play37:23

ones so that is what I would focus on

play37:25

that is the the the narratives that I

play37:28

would be focusing on and then important

play37:31

to remember that this time unlike the

play37:34

previous time once eth runs then we're

play37:37

going to get the real alt season so the

play37:39

first altcoin cycle that we had in this

play37:41

cycle was this one and we kind of missed

play37:43

eth so it went like Fiat Bitcoin large

play37:47

cap alss midcap alss low caps back up

play37:49

and there was like No eth And we were

play37:50

like okay when eth when eth when eth I

play37:52

think now it's happening and I think

play37:54

that the good news is one that it's

play37:56

happening Now you kind of have time to

play37:57

prepare because what's going to happen

play37:59

is you're going to get the eth narrative

play38:01

running and then after you get the eth

play38:03

narrative running what's going to happen

play38:04

is you're going to get the large cap alt

play38:06

running and then you're going to go into

play38:07

the full-blown Al season so now you kind

play38:08

of know the Playbook initially in the

play38:11

beginning of a cycle you didn't know the

play38:12

Playbook cuz the Playbook like basically

play38:14

destroyed us cuz well didn't destroy us

play38:16

cuz we weren't in eth cuz we felt that

play38:17

eth was too boring we were in arbitrum

play38:19

and as a result the fact that we were in

play38:21

arbitrum we've paid a lot of money in

play38:23

funding I've paid a fortune to hold this

play38:26

damn Arbitron position even though like

play38:28

this I took like $50,000 profit and the

play38:30

funding is actually eaten me up alive

play38:32

that's a lesson for you guys if you want

play38:34

to trade leverage it's cool to trade

play38:36

leverage but you need to manage your

play38:37

funding especially when the things holy

play38:39

[ __ ] look at Bitcoin it's 69,000 we got

play38:41

to be together we all have to be

play38:43

together when this thing breaks the all

play38:44

time high and it's going to happen now

play38:46

it's going to happen on the show uh it's

play38:48

going to happen on the show it's going

play38:49

to happen on the show um I I I did like

play38:52

this this this investment thesis of

play38:54

philosophy it says crypto AI I crypto

play38:58

and AI Bitcoin L2 and memes are very

play39:01

clean narratives because they don't have

play39:02

baggage from the previous cycle previous

play39:04

Cycles try and look for narratives that

play39:06

don't have baggage from the previous

play39:07

Cycles narratives what do they mean by

play39:09

baggage old token holders that are

play39:11

waiting to dump their tokens because

play39:13

they bought at a higher price that's one

play39:14

that's one kind of baggage another kind

play39:16

of baggage is when people look at a

play39:18

price and they say oh but a traded at

play39:20

this price in the last cycle that's

play39:22

baggage because they've got a frame of

play39:24

reference for the previous cycle so I

play39:27

would watch out and um I'd look for new

play39:30

narratives cuz new narratives basically

play39:31

have price Discovery right come on guys

play39:34

69,000 let's come on come on go go go I

play39:38

mean it's going to happen it's going to

play39:39

happen any minute now and then the

play39:40

question is does it does it reject or or

play39:45

not what does it do does it reject after

play39:49

this up only up only up

play39:54

only someone says go s let's look let's

play39:56

look at so cuz actually soul is the next

play39:58

one that I wanted to talk to you about

play39:59

uh s 138 very good very very good trade

play40:03

for us look at this look at this trade

play40:04

here so this trade over here is up uh

play40:08

682 $77,000 on one trade holy [ __ ]

play40:12

that's quite a good profit that we've

play40:14

made here um sui also good Stargate very

play40:18

good uh all all of our trades are up

play40:20

except that the stupid short that I took

play40:22

why did I take a short on an AI coin in

play40:25

a bull market I mean that's such a

play40:26

rookie mistake the only losing trade

play40:29

that I've got in my portfolio is this

play40:30

trade over here for God's sake

play40:33

um so yes remember that when the the the

play40:37

other altcoins actually start running it

play40:38

happens really really really really

play40:40

really quickly you can see here that um

play40:43

Sana went from 20 to 120 in two months

play40:47

that goes back to that 8020 rule where

play40:49

the 80% of the moves are going to happen

play40:51

in 20% of the time the a very very very

play40:53

short period of time um yeah Soul could

play40:56

be the next one start positioning

play40:59

yourselves in such a way that you're

play41:02

going Bitcoin e large cap alts small cap

play41:05

alts so you kind of know you got a cheat

play41:06

sheet the cheat sheet says for now

play41:09

Bitcoin then eth and all the related

play41:10

tokens and then it's just going to move

play41:12

down salana uh Cosmos uh I let's just

play41:15

quickly go to coin gecko oh we H it to

play41:18

the scent the L we're over but what no

play41:22

69 broken at on coinbase on on coinbase

play41:26

okay let's go to coin is on the okay

play41:28

hold on let's go okay we got to watch

play41:29

this together guys on the sent you check

play41:31

that so right this is BTC USD USD on

play41:34

coinbase

play41:36

okay let's go we broke it on Kraken yeah

play41:40

wait hold on wait what's what's the when

play41:41

was the alltime high what was 68 997 was

play41:44

the okay but you see now it rejected you

play41:46

see you see you see that's what I said

play41:48

it's going to touch and it's going to

play41:49

reject and that's exactly what happened

play41:51

so you see touch

play41:53

reject it touched the all time mind

play41:55

rejected

play41:56

I don't know if it's going to we broke

play41:58

it on Kraken I don't know if it's going

play41:59

to bounce like I don't know if it's

play42:00

going to if it's going to break it like

play42:01

butter still above on coin no it's not

play42:04

it's below it's below it's below the

play42:06

alltime high on coinbase is here at 69

play42:09

68900 hey we got on bit stamp as well

play42:12

yeah but there's a rejection you can see

play42:13

it there's a rejection now there's a

play42:15

rejection now it's not going to be a

play42:17

clean break but when it breaks it's

play42:19

going to be it's going to be ridiculous

play42:21

it's going to be ridiculous it's going

play42:22

to be ridiculous big reject we know

play42:24

there's going to be a rejection here

play42:25

guys we know I actually think that like

play42:27

you know maybe we'll get a proper

play42:28

rejection here um yeah so start

play42:31

positioning yourself start positioning

play42:33

yourself anyway while we waiting for the

play42:35

alltime high to break which I think it

play42:36

will break if you have a crypto let's

play42:39

just quickly do

play42:41

this um let's let's quickly do this so

play42:46

we

play42:50

have let's go to let's go to the our

play42:55

show and let's go to here and you can

play42:57

see if you want to win an apple Vision

play42:59

Pro just go to or you want to win the

play43:01

banter back just go here and you can see

play43:03

that there's any of these exchanges you

play43:04

can sign up for if you sign up then you

play43:06

get onto this list where there should be

play43:09

like lots of people on this list now

play43:10

let's see how many people on this list

play43:12

holy [ __ ] 13 there are wow you guys are

play43:16

crazy 13,800 people on the list so

play43:19

13,000 uh

play43:21

289 let go

play43:25

13,289

play43:26

let's generate a random number 2532 is

play43:29

our number so if you are account number

play43:31

2532 you win yourself an apple Vision

play43:33

Pro you need to email us at giveaways

play43:37

crypt.of your account

play43:40

2532

play43:43

2532

play43:45

2532 okay so if you are on bybit and you

play43:47

are account number 148 262 730 if that's

play43:52

your account email us at giveaways

play43:55

cryptobo um let's carry on let's see

play43:57

let's go back to the charts let's see if

play43:59

bitcoin's going to do anything crazy

play44:01

let's see if uh if the bubbles are doing

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anything crazy um okay so let's just

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have a look at what's happening on the

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bubble so ftt probably a good short at

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some point I mean it's it's nothing but

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a mem coin uh a z doing pretty well a

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Zer is doing pretty

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well

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um ICP internet computer doing pretty

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well we've got we've got a I've got a

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position

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that arbitrum Sheba Doge mcoin

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Mania um you know you can actually go

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down to I think like a one minute chart

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a 5 minute chart let's have a look at

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the five minute chart so you can see

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which tokens are actually exploding in

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the last 5 minutes so last 5 minutes

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it's xcc which has

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exploded

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um AP starting to move up very happy

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that the AI coins are going down because

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of my short very happy

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not um all right if there I mean got

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like one or two more minutes if there's

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any questions someone said it hit 69 170

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on coin market cap we saw that someone

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says alltime High banter B giveaway

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let's Cate let's give some people more

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time to sign up um do not with s SPF in

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prison no not not not inan prison

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sir not inan prison

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uh Co oh by the way I mean if you want

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the layer twos I I've actually got a

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portfolio here of layer twos actually

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change the currency yeah I put I put you

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see I put a lot of I put a lot of uh

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tokens into an account so you see I've

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got a portfolio here which is tracking

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all my exchanges it's got all my

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exchanges and all my my wallets it's uh

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done with coin stats so coin stats is

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one of our sponsors and you can

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basically link all your centralized

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exchanges and all your wallets in one

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place now the cool thing is here the

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other day I plugged it in and I

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connected it and because it was tracking

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all my wallets and those tokens had

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moved up so much I ended up making like

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a whole lot of money that I didn't know

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I had and I found it because I opened my

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coin stats that's like if if you ever

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need another reason to to see all your

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tokens in one place that that's a good

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good enough reason all right fam I will

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see you guys again tomorrow until then

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have fun trade

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[Music]

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well