Imminent Altcoin Bloodbath! [How I’m Preparing!]

Summary

The video script discusses the current state of the economy and cryptocurrency market, particularly focusing on Bitcoin. The host explains that despite weaker GDP numbers leading to expectations of reduced interest rates by the Federal Reserve, the market reacted negatively, with the NASDAQ and risk assets like Bitcoin dropping in value. The speaker suggests that savvy investors can still find opportunities to make money during periods of sideways market movement. They delve into various strategies, including investing in meme coins and participating in airdrop farming, which can provide the necessary 'dopamine hits' for thrill-seeking crypto enthusiasts. The host also touches on political topics, such as the potential impact of proposed tax increases on the market and the debate over free speech with the possible banning of TikTok in the US. They conclude by encouraging patience and providing specific advice on where to look for profitable opportunities within the crypto space during times of market stagnation.

Takeaways

• 📉 The recent GDP data showed weaker growth than expected, leading to market confusion as lower growth typically signals a potential interest rate cut by the Fed, which did not happen.
• 📈 Despite the market downturn, there are still opportunities to make money, particularly in sideways markets where some investors may get bored, but others can find profitable areas.
• 🔄 The speaker believes the current sideways market is similar to previous periods before significant market upswings, suggesting patience and a potential for future gains.
• 🚫 The market reacted negatively to President Biden's proposed increase in capital gains tax and the introduction of a tax on unrealized profits, which could impact investors heavily.
• 💬 There's a debate over the banning of TikTok in the U.S., with the CEO fighting back and taking the case to court, highlighting the importance of free speech and community platforms.
• 🤔 The market's confusion is highlighted by the desire for economic slowdown to reduce inflation, yet when the GDP data indicates slower growth, the market also reacts negatively, fearing stagflation or recession.
• 📊 The speaker suggests that the market's sideways movement is a form of capitulation, where leverage is reduced, and patience is required for the eventual market breakout.
• 🧠 The categorization of meme coins into different types such as utility memes, pure memes, community memes, political memes, and character memes indicates a more serious consideration of these assets by investors.
• 🎰 During periods of sideways market movement, investors often seek dopamine-stimulating activities such as trading meme coins, participating in online gambling, or engaging in airdrop farming.
• 🚀 The speaker is bullish on certain sectors like meme coins, which they believe will offer significant returns, and suggests that these can be a source of profit during less dynamic market periods.
• 📅 The upcoming Bitcoin debate in West Palm Beach, featuring prominent figures in the cryptocurrency space, is positioned as a significant event in the crypto community's calendar.

Q & A

What was the reaction of the market to the recent GDP data?

The market reacted negatively to the recent GDP data, with the NASDAQ collapsing by 1% and risk assets, including Bitcoin, experiencing a downturn. This was contrary to expectations that weaker GDP numbers would lead to reduced interest rates by the Federal Reserve.

Why did the speaker believe the sideways movement in the market is not necessarily bad?

The speaker believes the sideways movement is part of a healthy accumulation period in a bull market. They argue that in bull markets, the market typically experiences upward movement followed by a consolidation period before moving up again.

What is the significance of the 14-day RSI and 3-day stochastic RSI in the speaker's analysis?

The speaker is waiting for the 14-day RSI to catch up to the 3-day stochastic RSI as a signal for a potential market breakout. They are closely monitoring these indicators to time their buying opportunities.

What was the impact of President Joe Biden's proposed tax changes on the market?

The proposed increase in capital gains tax to 44.6% and the introduction of a 25% tax on unrealized profits led to a downturn in the market, as these changes are seen as unfavorable by wealthy investors and those holding assets.

Why is the speaker not too worried about the current market situation?

The speaker is not too worried because they believe the current sideways movement is a normal part of a bull market's accumulation phase. They also note that long-term holders typically start selling their positions at the onset of a bull market, which is a sign they are currently in.

What is the significance of the debate in West Palm Beach on May 3rd?

The debate in West Palm Beach is significant as it is considered the biggest Bitcoin debate in history, featuring four titans in the cryptocurrency space arguing for and against Bitcoin, moderated by a highly regarded moderator.

What are the speaker's thoughts on the current state of the TikTok ban in the United States?

The speaker is supportive of TikTok's fight against the ban, aligning themselves with the platform's stance on free speech. They believe the ban is an infringement on American values and that the TikTok community adds value to its users' lives.

Why did the speaker mention the potential for the market to categorize meme coins as an investable asset class?

The speaker suggests that as meme coins have shown significant returns and are being considered by fund managers and hedge funds, they are becoming too substantial to ignore and may soon be treated as a legitimate asset class by the market.

What are the different categories of meme coins that the speaker and Fred discussed?

The speaker and Fred discussed categorizing meme coins into utility memes, pure memes, community memes, political memes, character memes, and law-based memes, each with their own unique characteristics and potential for return on investment.

What are the strategies the speaker suggests for making money while the market is moving sideways?

The speaker suggests focusing on meme coins, online gambling, and airdrop farming as strategies for making money during sideways market movements, as these areas are likely to provide the excitement and dopamine hits that traders seek.

How does the speaker plan to use the Gummy token in their ecosystem?

The speaker plans to allow users to stake their Gummy tokens and earn points to acquire other meme coins, effectively creating a meme coin factory where users can multiply their holdings through various interactions.

Outlines

00:00

📉 Market Reaction to Weak GDP Data

The video discusses the recent GDP data which was weaker than expected, leading to a market confusion. The expectation was that weaker economic growth would prompt the Federal Reserve to reduce interest rates, but instead, the market reacted negatively with the NASDAQ falling by 1% and Bitcoin dropping to $63,000. The speaker suggests that despite the sideways market movement, there are still opportunities to make money, and they will share insights on how to capitalize on the situation.

05:00

🤔 Understanding the Sideways Market Movement

The speaker explains that in a bull market, sideways movement is normal as it represents a consolidation phase. They draw a parallel to the market conditions in September 2023 and predict a similar upward trend following the current stagnation. The importance of data analysis is emphasized, particularly the behavior of long-term Bitcoin holders, which is seen as a positive sign for the market. The anticipation of a technical breakout is also mentioned, specifically waiting for the RSI and stochastic RSI indicators to align.

10:01

🚨 Political Influences on the Market

The video touches on political factors affecting the market, such as President Joe Biden's proposed increase in capital gains tax and the potential introduction of a tax on unrealized profits. The impact of these proposals on the market sentiment and the potential need for businesses to sell assets to pay taxes are discussed. Additionally, the ongoing debate around banning TikTok in the United States and its implications for free speech are mentioned.

15:04

📈 Bull Market Characteristics and Expectations

The speaker reassures viewers that the current sideways market is characteristic of a bull market, where periods of consolidation are followed by price increases. They discuss the historical pattern of the market, pointing out that long accumulation periods typically precede significant market moves. The focus is on the importance of patience and the anticipation of a market breakout signaled by technical indicators.

20:05

🎰 Exploiting Sideways Market with Dopamine-Stimulating Assets

The speaker suggests that during sideways market movements, investors often seek assets that provide excitement or 'dopamine hits'. They predict that meme coins, on-chain narratives, and gambling platforms will be popular as they offer the thrill of rapid price movements. The speaker also discusses the potential for making money through airdrop farming and provides specific strategies for capitalizing on these opportunities.

25:07

💰 Strategies for Sideways Market Profitability

The video concludes with strategies for profitability during sideways market movements. The speaker identifies three main areas where investors can seek gains: meme coins, internet casino platforms, and airdrop farming. They also provide specific instructions on how to participate in these activities, including signing up for certain platforms and trading decentralized farms.

30:07

🎉 Upcoming Gummy Airdrop and Farming Opportunities

The speaker announces an upcoming airdrop for Gummy, a meme coin, which is expected to be highly valuable. They provide instructions on how to prepare for this event by opening accounts on specific platforms and engaging in decentralized farming. The anticipation is that Gummy will become a hub for acquiring other meme coins, offering a unique opportunity for investors in the current market climate.

Keywords

💡GDP data

GDP stands for Gross Domestic Product, which is a measure of economic activity within a country. In the video, it is mentioned that the GDP numbers were weaker than expected, indicating slower economic growth. This is significant because it can influence the Federal Reserve's decision on interest rates, which in turn affects financial markets.

💡Federal Reserve (FED)

The Federal Reserve, often referred to as the FED, is the central banking system in the United States. It plays a crucial role in setting monetary policy, including interest rates. In the context of the video, the expectation was that weaker GDP data would lead the FED to reduce interest rates to stimulate the economy.

💡NASDAQ

NASDAQ is a stock exchange platform known for listing technology and growth companies. In the video, it is mentioned that the NASDAQ collapsed by 1%, which reflects a negative movement in the stock market, often indicating investor concerns or a downturn in the economy.

💡Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer Bitcoin network. The video discusses its price at the time, which was $63,000, and how it behaves within the broader market dynamics.

💡Sideways market movement

A sideways market movement refers to a period where the price of an asset, such as Bitcoin in this case, is not trending upwards or downwards significantly but is instead moving in a relatively narrow range. The video suggests that this is a period of consolidation in a bull market, which can be seen as a healthy accumulation phase.

💡Accumulation Zone

In the context of the video, the Accumulation Zone refers to a period in a bull market where there is a prolonged sideways movement. This is typically seen as a time when long-term investors are buying the asset, which can lead to a subsequent price increase once the market decides to move upwards.

💡Stochastic RSI

Stochastic RSI is a technical indicator used in trading to analyze overbought or oversold conditions in a market. The video discusses waiting for the stochastic RSI to fall below 20, which could signal a buying opportunity in the market.

💡Meme coins

Meme coins are cryptocurrencies that often originate as a joke or meme but sometimes gain significant investor interest and value. The video suggests that during periods of sideways market movement, investors may turn to meme coins for potential high returns and the excitement they provide.

💡Airdrop farming

Airdrop farming refers to the practice of participating in cryptocurrency airdrops, which are distributions of a new cryptocurrency to the holders of a certain cryptocurrency. In the video, it is suggested as a strategy for making money during sideways market movements.

💡Leverage flush out

A leverage flush out occurs when a rapid drop in asset prices forces leveraged traders to sell their positions, leading to further price declines. The video discusses how sideways market movements can also lead to a flush out as traders capitulate due to the lack of significant price movements.

💡Sell in May and go away

This is a trading adage suggesting that investors should sell their stocks in May and either hold cash or leave the market until November. The video discusses this concept, noting that while it is a common narrative, it may not be the best strategy for all investors, especially in the context of a bull market.

Highlights

GDP data was weaker than expected, leading to market confusion as a slowdown typically prompts the Fed to reduce interest rates.

NASDAQ and risk assets, including Bitcoin, collapsed following the GDP data release, contrary to expectations.

The market is in a state of uncertainty, torn between wanting a slowed economy for reduced interest rates and fearing a potential recession.

The speaker shares personal investment strategies for making money during periods of sideways market movement.

Historically, Bitcoin has experienced sideways movement during bull markets, often followed by significant growth.

Long-term Bitcoin holders typically start selling their positions at the onset of a bull market, signaling a potential upcoming peak.

The speaker predicts that the Relative Strength Index (RSI) and stochastic RSI will align, indicating a market breakout.

A debate on Bitcoin featuring four titans is scheduled for May 3rd in West Palm Beach, Florida.

The market downturn is attributed to proposed tax hikes by President Joe Biden, particularly on capital gains.

The lack of inflows into the Black Rock ETF and outflows from GBTC contributed to the market decline.

The US GDP data, which was lower than expected, led to concerns of stagflation and a potential shift in Fed policy.

The speaker discusses the potential for a 'sell in May' trend based on historical market performance.

Meme coins are emerging as a significant asset class, with hedge funds and venture capitalists showing interest.

The speaker categorizes meme coins into different types, including utility memes, pure memes, community memes, political memes, character memes, and law-based memes.

Strategies for making money during sideways market movements include investing in meme coins, on-chain gambling, and airdrop farming.

The speaker provides specific platforms and methods for farming meme coins and participating in airdrops.

The importance of patience and timing in crypto investments is emphasized, with a focus on long-term gains over short-term volatility.

Transcripts

[Music]

okay so today's drama is that we just

had the GDP data and the GDP numbers

were actually weaker than people

expected in other words what happened

was the economy grew Less Than People

expected now we thought this would be a

good thing because if the economy grows

at less than people expected then the

FED should reduce interest rates because

that means that the economy is slowing

but that's not what happened to the

market in fact when the market heard

this news this is what happened you had

the NASDAQ collapsing by 1% you had all

risks asset collapsing you got Bitcoin

now at 63,000 and what it seems like is

it seems like we're just going to carry

on chopping sideways and sideways and

sideways what most people though don't

realize is that while Bitcoin chops

sideways there are ways to beat the

market and to make money and you just

need to know where to look so for those

some people are getting bored and and

and and getting bored at the market and

not making any money and others know

where to look and they will make money

so I'm going to show you where I'm

looking to make money I'm going to show

you exactly what happened the last time

that this happened and I'm going to show

you why the sideways movement is

actually not that bad all right so let's

go let's

go this Market is so confused like it's

like it doesn't know what it wants it

wants the economy to SL slow down so

that pile can reduce interest rates but

then when the economy slows down it's

like oh w w the economy is slowing down

we're maybe getting into stagflation or

maybe into some kind of recession so

that's where the market's at at the

moment and um I'll show you why I'm not

too worried about that at the moment

I'll show you why I'm not too worried

about that at the moment uh as you can

see we're still in this range that we

have been ranging in actually I think we

are on day 58 of this range let's

quickly just check yes we are let's just

say we start here and we go all the way

to yeah we are in day 58 59 we're in day

59 of this range if your thesis is that

we're in a bull market I'll show you why

you don't have to worry uh tomorrow okay

I see the researchers are reaching out

to me all right listen so we are going

to talk about that I'm also going to

show you a couple of little cheat codes

a little couple of places that you can

look to make money in this period and

then we're also going to talk a lot

about meme coins so if you want to get

DJ and dirty and and everything else

you've come to the right place if you're

not already subscribed to the channel

you know what to do subscribe to the

channel like Maniacs go like maniacs

Maniacs subscribe to channel uh and also

smash the like button let's get the show

out there there's some days that I also

don't want to be here because it's just

so boring but I show up every single day

and I smash the like button every single

day which is exactly what I expect you

guys to be doing all right let's not

delay anymore let's get into the show in

fact before we get into the show before

I we get into the show I don't know if

you guys know this before I don't know

if you guys know this but I'm going to

I'm going to break it to you guys first

so on the 3rd of May in West Palm Beach

which is in Florida right basically

there is the biggest Bitcoin debate that

has happened in the history of Bitcoin

debates there are four Titans battling

it out there's Eric fuis and Anthony

scaramucci for the Bitcoin side of the

debate and there's Peter Schiff and

nuriel rabini against and the moderator

there is this guy who's moderating they

they say they say research has shown

that he is the best moderator in the

world b n okay I mean this guy is a

phenomenal phenomenal phenomenal

moderator no one in the world can

moderate debates like he moderates

debates he will be moderating this

debate live in West Palm Beach uh on the

3rd of May okay now the moderator is the

guy in the middle okay now I mean great

guy fantastic fantastic guy moderating

probably what is the biggest debate

Bitcoin debate in history uh that is

going to be live uh in in West Palm

Beach now if you want to attend a dinner

with Peter Schiff noral robini uh myself

and Eric fuis uh you're welcome to join

there is a link in the description but

the dinner is reserved for I think 15

people it's a very very very small

dinner and it's quite pricey I think

it's about $10,000 a ticket or something

like that obviously none of the proceeds

go to us it's all organized by Zero

Hedge but if you want to join that

dinner there is a link in the

description it's only 15 people if

you've ever wanted to have dinner with

Eric fuis nuro robini me Zero Hedge

Peter shiff uh feel free to join us feel

free to join us again I say none of that

money is going to us it's all about uh

it's all uh going to this debate and to

fund this debate all right let's talk

let's talk markets let's have some fun

with markets I know it's boring out

there I know it's boring out there but I

want to show you why I'm not too worried

I want to show you why I'm not too

worried and you can tell me in the chat

if you are as a it's not only boring I

mean look at this how long ago how long

was it since we had bubbles where all

the bubbles were red every single one of

the bubbles red um on that note can can

we just talk about the farming of points

on bubbles I know some people are

running like 80 devices

please calm down because uh we we have

to keep upgrading our servers to to to

do it anyway let's go back to it so

we're moving sideways we as I said to

you we're now 59 days in the sideways

range boring as [ __ ] I agree completely

boring as [ __ ] but I'll tell you why I'm

not worried because in Bull markets this

is what a bull market is you go up you

get a consolidation you go up again you

get a consolidation you can see that

this tweet over here says

that um feels exactly like September

2023 the market is is boring as [ __ ]

every pump is being sold instantly

everyone in crypto Twitter is fighting

each other and then I went back to

September 23 and that's September 23 and

that's you know the sideways movement

that we had in September 23 which lasted

approximately 59 days and then we broke

up and then we had another sideways

consolidation where we went sideways

from 2nd of December and we went all the

way for 60 days or so and then we broke

all the way up and we went up there that

is what a bull Market's like this is

called the accumulation Zone usually

what happens is if you take the length

of the accumulation zone so you take

like that length over there of the

accumulation Zone usually that length is

the length of the move up and you can

see that my drawing is not exactly equal

but it shows you that's what what it's

about so if you believe that we are in a

bull market then these are healthy

accumulation periods and the longer the

accumulation period is the bigger the

move the next time Bitcoin starts to

move now when you want to you can't just

blindly believe that we're in a bull

market right because that's like dumbass

so you got to look at data I always look

at data and right now with the data is

showing me or one or this data point

specifically showing me that in the in

the bull market long-term holders

actually start selling their positions

so long-term Bitcoin holders typically

begin to sell off their positions at the

onset of a bull market and this

continues right through to the cycle

Peak now you can see that these

long-term holders have actually started

selling their positions they're starting

to reduce their positions and they do

this every time until while retail or

the short-term holders actually land up

buying from them so this is the part

where the bull market actually starts

I'm not too worried because the sideways

movement is pretty much like like par

for the course I did say to you that

we're just going to carry on into this

range until eventually I'm waiting for

the RSI the stochastic RSI to break out

right I said to you it's almost time to

buy what we're waiting for is we waiting

for this orange line which is the 14-day

RSI to catch up to this blue line which

is this uh which is the the 3-day

stochastic RSI and we're nearly there

you can see that every day we get closer

and closer this one's now gone below 20

this one's moving closer and closer and

closer to 20 we are ranging sideways and

eventually it's going to hit that

breakout and it's going to go out there

also look I don't know if you remember

but we spoke about this tweet before the

harving and I want to remind you because

we we actually read this tweet from Lady

of crypto um she said look the Haring is

only a few days away Bitcoin altered

down bad You' be lied to sorry she she

she she showed us this tweet over here

where she said that was the other one

was the wrong tweet um she said in the

20 in the 2016 Haring what happened was

we had a dip and it took us6 days a

little bit of a dip and 116 days to

actually start pumping and if you looked

at the 2020 Haring you had a 76 day

range of like up down up down up down

before we actually started going up as I

said we're now how many days away from

the Haring Haring is like 2 weeks away

from us so this sideways movement is

actually pretty normal sideways movement

so I wouldn't be panicked about this

pretty normal sideways movement as I

said to you for me I'm waiting for the

stochastic to get below 20 I'm patient I

mean I'm even patient like you know if

it takes a month or two I'm cool set on

my positions for a month or two what I

do know is that every single time the

stochastic goes below the the 20

eventually at catapult I'm ready I'm

going to be buying then um let's talk

about why the Market's actually moving

down let's talk about like why why what

happened yesterday why did we actually

we were doing quite well we were like

quite bullish yesterday the comments are

bullish the bubbles are bullish we wake

up this morning we look at the bubbles I

just wanted to go straight back to bed

um instead I just took a gumy and came

to work um I did not say that live but

um so um let's look at what what

actually caused this dip yesterday or

what caused the stock markets and all

the and all the dips yesterday so what

caused the dip yesterday was this so Joe

Biden um The Genius decided that he

wants to introduce a high capital gains

tax 44.6% capital gains tax basically in

an election year what this guy is doing

smartass he is raising taxes

specifically he is raising capital gains

taxes and why and the market doesn't

like this because remember the market is

very full of wealthy people it's people

that have assets which are holding them

in the market and the market doesn't

like the fact that Joe Biden is talking

about increasing tax rates part of this

tax rate proposal is that he's talking

about increasing unrealized or or

introducing a 25% tax on unrealized

profits now let's understand what that

means say you buy a Bitcoin and it goes

up in value and you don't sell it you

still have to pay a tax because it's

gone up in value because even though the

the the the the profits are unrealized

you still have to pay a tax now David

sax who's a business genius he says look

let's say you build a business for

Scratch and you qualify for Biden's new

25% new unrealized tax gain you have to

sell 25% of your business to pay the tax

even though just like you start a

business let's say you start a business

now you work your ass off you take all

your money and you put all your money

into this business and all your time

into this business then the business has

a value of $1

million now you have to pay $250,000 in

tax but you don't actually have that

value which means the only way you can

get that value is sell some of your

business okay this guy has lost his

absolute marbles this guy's actually has

lost his mind I mean I don't know if you

saw

this we can do

next four more

years pause four more years pause more

years I mean pause the GU reading of his

teleprompt and it like it says pause and

the guy's like reading four more years

pause guys lost his marbles at the same

time I don't know if you saw this but

the Democrats or not even the Democrats

then America is now trying to ban Tik

Tok and the CEO of Tik Tok is actually

fighting back and I tweeted yesterday I

said you know in the war of the US uh

against free speech I would back this

guy over the US political system just

listen to what he says a show here as

you may have heard Congress passed the

bill that the president signed in the

law that is designed to ban Tik Tok in

the United States that will take Tik Tok

away from you and 170 million Americans

who find community and connection on all

platform make no mistake this is a ban a

ban on Tik Tok and and a ban on you and

your voice politicians may say otherwise

but don't get confused many who

sponsored the bill admit a Tik Tok ban

is the ultimate goal it's obviously a

disappointing moment but it does not

need to be a defining one it's actually

ironic because the freedom of expression

on Tik Tok reflects the same American

values that make the United States a

beacon of Freedom Tik Tok gives everyday

Americans a powerful way to be seen and

heard and that's why so many people have

made Tik Tok part of their daily lives

rest assured we aren't going anywhere we

are confident and we will keep fighting

for your rights in the courts the facts

and the Constitution are on our side and

we expect to Prevail again our community

is filled with people who have found

acceptance and compassion offered

inspiration and encouragement increased

their awareness and brought into

perspectives ultimately adding more

delight and joy to their lives our

community is also filled with 7 million

business owners who have built their

livelihoods on Tik Tok while we make our

case in court you'll still be able to

enjoy Tik Tok like you always have in

fact if you have a story about so long

story short they're going to court

against the government and to fight for

free speech this is all Happening by the

way in the land of the free so it's in

the land of the free they're not taking

away Tik Tock from you and I'm in the

David sax Camp which is like look

they're going to introduce the bill and

actually actually what I think they're

doing is I actually think they're going

after Elon Musk I think they introduced

this thing on Tik Tok but I actually

think that they're going after Elon Musk

because what they want to do is they

want to shut up this free speech

platform that Elon Musk has created so

what do you do you shut out you shut

down Tik Tok you shut down Telegram and

then you go for x and then you get this

whole thing so I think look I think the

Democrats are playing with fire um it's

no big secret that I think it's time for

them to leave the White House and let

get anybody else and I don't mind who

goes in as long as long as it's not the

Joe Biden so anyway um enough ranting

about politics this is a crypto show uh

also we want the show to remain on

YouTube so we'll just go back to our

crypto uh broadcasting now um so reason

number one the markets went down the 25%

tax it's a nothing bger it's never going

to get past it's not the first time the

Democrats have spoken about it it's an

election ploy to show that they're

taking from the rich and they're giving

to the the the poor people okay that's

why it's happening second reason why the

market went down is because yesterday

there were no inflows into the Black

Rock ETF imagine that imagine you have

like one day one day after 71 days one

day where there is zero inflows into the

Black Rock ETF now I mean I must say

that's not the best news in the world

but while the Bitcoin price is moving

sideways I don't see people being

attracted to buy Bitcoin I think when

the price moves down some people are

going to buy the dip and when the price

moves up and as the price starts to

accelerate up price is the biggest

advertisement for Bitcoin so I think in

the sideway stuff I don't think we're

going to get lots of inflow and that's

exactly what happened we had $130

Million worth of outflows for gbtc and

we had no inflows into I mean zero

literally zero what do you think the

Black Rock people were went on like a

day or away yesterday on like maybe they

went maybe they went on a team building

or something anyway third reason why the

market went down and this is a crazy

reason so we had the US GDP data that

came out now remember what PO is trying

to do by increasing interest rates or

keeping interest rates high is slow down

the economy so that the inflation will

start coming down and that the jobless

rates will actually increase so more

people will have uh so more more people

will be unemployed right that's what P's

trying to do he's trying to take away

jobs from people and calm down the

economy and bring down inflation at the

same time and so we actually got low GDP

data we got it 1.6% which was below the

expectations of

2.5% so we thought okay good the the

Market's going to love that celebrate

that we thought the markets were going

to pump bang the markets go down 1% why

because now they're starting to talk

about uh stag flation now they're

starting to talk about oh my God the

economy is not working now they're

starting to talk about okay and now the

markets are starting to price in

actually no rate cuts no rate Cuts

before December can you believe that fed

swaps no longer fully priced in a rate

cut before December if I look at the CME

voting tool you can see

that you can see that you can see that

they are now pricing in okay they're

pricing in one rate cut this year but I

think that even that rate cut is going

to be is going to be cut out so that's

the other thing that happened to the

market today so thing number one Biden

tax cut tax hike and just Biden because

I mean I mean okay let's just get off

politics uh two uh Black Rock no inflows

because there's just no interest because

the Market's moving sideways three bad

GDP data that's actually good GDP data

that's actually bad GDP data so the

Market's really confused um kisat says

Dar Futures extended to 350 points

weaker than after weaker 350 points down

after weaker than expected GDP data

interesting is the first time the

markets have fallen on week economic

data in the past week economic data

meant more cuts which was bullish now we

have Rising inflation and weakening

economic data this means that higher for

longer is in is into a weaker economy so

this is what the Market's actually

worried about so that's what the

Market's worried about uh I'm going to

show you why I'm not really worried

because yes we've had the leverage flash

out okay good so we've had the leverage

flash out the Crypt Bros been flashed

out the Leverage is actually started to

come down we had a reset but remember

that part of the flash out is actually

sideways movement so remember that the

flash out is not only about price

flashing out leverage it's also about

sideways movement which causes people to

capitulate so as I said to you I've said

to you multiple

times if you want a a flush out in the

market there are two ways to achieve it

one of them is to crash the price like

it happened after FTX where the price

goes down really fast bang flashes out

all the people you liquidate everyone

people are so scared they don't want to

come back into the market two is you

just torture them and how do you torture

them you torture them by going like this

sideways down s up up up oh yeah we're

going up down and you just torture them

it's like torture and then what happens

is with this torture everyone starts

hating each other everyone starts giving

up people start like I mean this is

actually a capitulation tweet it says

all our bags are down we either make 30X

from here or we lose it all like that's

a capitulation tweet then you've got um

you see when we move sideways when we

move

sideways the realized losses continue to

decrease which means at some point

there's no Panic sellers left so as we

move sideways people start to sell and

they realize their losses until

eventually the people that are left are

just the long-term Diamond handh holders

the ones that don't really care about

the short-term losses and that's that's

now becomes the new the new uh uh uh

Narrative of the market or the new the

new holders of the market and then we go

up for the next Le Coach K says best to

take profit warning you now ta is why

long-term wallets are selling why

impending bearish movements is why

careful yeah the market could go into

sell in May so now we're getting this

whole Narrative of sell in May and I was

I was teasing other day I said look is

there a countdown clock for sell in May

cuz I knew that this narrative would

come of people saying sell in May truth

is anyone who tells you to sell sell in

May is getting it all wrong why because

they always look at the May

performance okay so let me just help you

guys cuz I know some I know some people

are not as fast as other people if you

want to sell your tokens in May then the

May performance doesn't matter what

matters is June July and August right

because if you're selling in May then

what happen what matters is June July

and August right so this guy goes and

Compares and he says sell in May

positive positive positive obviously you

want to sell in May into the positive

strength question is what happens after

May what happens in Q3 right and you can

see that Q3 is actually the worst the

worst quarter for Bitcoin so generally

Q3 is not a great quarter for Bitcoin

and that's why you got this whole

Narrative of sell in May um and I knew

it was coming so as I say I think that

the sideways movement is actually part

of the capitulation it's part of like

flashing people out I think if you like

me believe that we're in a bull market

then you you're going to get this kind

of pattern sideways sideways sideways up

sideways sideways sideways up sideways

sideways sideways up it's normal it's

also normal after the harving to get

exactly this kind of of price

performance and so I'm not like like

cool great we just carry on doing what

we're doing now next thing that you can

do is decide what to do and what crypto

dents are going to do in this time okay

so ask yourself ask

yourself we we are here

because we are a certain type of

Personality right we are generally risk

Seekers absolute [ __ ] DJ we need

stimulation in our lives we need

dopamine hits every single day if we

don't get our dopamine hits then [ __ ]

goes down so ask yourself what if you

want to beat the market you got to ask

yourself what are Crypt Bros going to be

doing in this period where Bitcoin is

moving sideways that's what you got to

ask yourself if you can answer that

question and you can place your chips

onto those narratives you'll actually

end up making money you understand what

I'm saying so I did some research and I

dug deep into what I believe Crypt Bros

are going to be doing what narratives

they're going to be moving to in this

sideways movement and this is where I

think you can beat the market right so

first thing that crypto Bros are going

to be doing in the sideways movement is

this okay so don't know if you saw this

but I think they're going to be doing

this

you can play this at home you can play

this anywhere you want

[Music]

okay

so okay so that's I mean that's one one

option of what crypto dents are going to

be doing the other option of what crypto

dents are going to be doing is they're

going to be looking for their dopamine

hits Where do they get the dopamine hits

someone says I think there's a serious

possibility that Bitcoin does literally

nothing for the next four months it

could happen why do I think so because

it's literally happened 10 out of 10 of

the past summers just flat pump and dump

pump and dump in the mean in the

meantime where are people going to go to

get their adrenaline they're going to go

to meme coins they're going to go to

onchain narratives they're going to go

to places where they can still get their

adrenaline rush so I don't if Bitcoin

continues to move sideways the large

amount of altcoins will continue to move

sideways but there is a subset of alt

that will actually continue to pump and

those are what you can call the dopamine

stimulating alts so if you want to know

where the crypto Bros are going to grow

going to go while the the the market

move sideways they are going to go to

where they can get their adrenaline

their Adrenaline Rush where can they get

their adrenaline rush they can get their

Adrenaline Rush uh uh buying and selling

mem coins right because that's fun it's

a fun game to to play and in fact if you

look at the previous bull markets

previous last last bull market right

what we saw is that the during the

sideways movement you had movement on

things like um uh unibot right which was

the telegram bot narrative you had

movement on things like RIT which was

the gambling narrative right that's

where you had all the all all the

movement uh in the last bare market

right you had you had roll bit you had

unibot why because people were going

onchain looking for adrenaline in a time

where the market was actually moving

sideways so someone says compare onchain

over the past year to now let's look at

all the narratives and what what do they

all have in common Casino meta on rbert

internet memes cult memes trading Bots

frch uh uh uh uh Founders pet salana

onchain run-ups animal racing what do

all these things have in common they are

all dopamine stimulators they are all

things that get us excited even in a

sideways Market think about this like

the onchain casino this is what's going

to go if the market continues to move

sideways the real movement is going to

be in any application or stim or

anything that that that that increases

the amount of dopamine that we that that

that stimulates us and one of the big

narratives and one of the big winners

here is actually going to be mem coins

and as I said before I think that we

can't discount mem coins anymore I think

that they've now become a big asset

class and I read this article on

Bloomberg which actually says that fund

managers hedge funds are succumbing to

mindboggling returns of mem coins get

this get this the hedge fund worlds

appears to be finding the

siren the siren song of meme coins

irresistible when dog with hat became

the hottest token in the crypto back in

December Newport Beach California

Stratus launched a liquid fund that held

the token whose mascot is of course a

dog wearing a beanie at one point the

token's price appreciated more than 300

times helping the fund post 137% return

Stratos which said which said its

limited partners include venture

capitalist like Mark Andre and Chris

Dixon from Andre Hart is the only fund

is isn't the only fund to dive into

mcoins brev Howard has made a tiny

investment in the sector so they're

starting to look for the returns in mem

coins and what you can see is that

Andrew Kang says he says the biggest

sign that mcoins are have to stay is

that Doge bottoming at 8%

while salana bottomed at 4 billion what

does that tell you Society is placing

real value on memes we're seeing memes

develop into an asset class and so I

think that what's what's going to happen

here is I think we're going to start

moving sideways for as long as we start

moving sideways Deens are going to be

Deens and they're going to look to make

money in places where they get their

dopamine the first place to get that

dopamine is going to be mem coins you

can't discount mem coins and I think

they're going to the Returns on memec

coins are going to be absolutely

unbelievable because they're so small

relative to the rest of the market and

because they're so simple to trade given

the fact that Salina and bass have made

it so easy to trade and so what I

think's going to happen is people are

going to start to categorize meme coins

into not just it's a mem coin but

they're actually going to start looking

at meme coins a bit differently and so

we started to look uh it's actually Fred

and I we sat down today and we said look

if the market starts to analyze mem

coins and actually starts to make memec

coins into an investable asset class how

is the market going to look at memec

coins and we came up with some

categorizations which I think you guys

will find pretty interesting so the

first thing is you can say look you know

let's look at the top meme on every

chain so there's salana memes and you

can see that gami is actually one of the

biggest holders of salana memes and I'll

show you something that very interesting

that's actually happening on gami but

each chain obviously has its biggest

memes um you've got uh uh on bass you

got Toshi Brett you got based NG Benji

which is which is based NG which is the

which is the dog onton you got um

resistance dog which is the biggest one

on sui you got fud the pig or fud the

Pug you've got speedy and goat on

Phantom so every chain obviously is

going to have its own mem coin but we

wanted to look at it a bit deeper so

what we said is let's look at the

different categories of memes and we

came up with a couple of categories of

memes and I think that this is how fans

are going to start looking at it so the

first category of memes is utility memes

these are memes that actually have

utility so for example uh bankk bankk

bot so there's the bankk bot which

actually uses you know there's the bankk

bot every time you trade with bankk bot

it supports Don and the bankk

communities because they actually buy

back some of the bankk tokens right um

so that's a utility meme it's just not

not a normal a normal meme you got Toshi

which is launching a Launchpad you got

dgen which was a meme but then started a

layer three uh a layer three chain

you've got um shib I don't know if you

talk about shib but those are all memes

with utility then you got the other

asset class of memes now like we got

Tuka let's talk about Tuka so Tuka is a

meme but we are actually building a meme

station with Tuka and I mean by the way

if you haven't subscribed to tu's

YouTube subscribe to his YouTube because

we're going to start dropping a whole

lot of um uh uh videos here on um um uh

YouTube so if you can just drop a link

to the to the YouTube channel over here

um then you've got those are the first

ones is is what they call utility memes

then you got the pure memes pure memes

are like just memes they're like vcat

you know like the vibing cat so you know

like the cat that does this it's a pure

meme it's not about that's the vibing

cat that's what we call a pure meme then

you've got community memes and I think

one of the most powerful Community memes

is of course gamy right so it's a meme

around what we started off as the banter

Community it's the resistance dog

Community it's a it's the um maladies

Community it's the trend is the the

community around gym rats and maybe even

Geeks that want to be Gym Rats it is a

community B B meme um speaking of gummy

Uh I want to show you a sneak peek this

is obviously not live but remember we

said to you we found a way to harness

the power of gummy to to to make the

gummy Community much richer and to do

that basically you will soon be able to

stake your gummy and then earn points

and then earn other meme coins so like

you'll stay gummy and you'll earn baked

so take you see like take your gummy and

get baked and you get take your gummy

and get blazed take take your gummy and

get munchies and you're just going to be

able to get more and more and more and

more and more and more meme coins right

this is coming soon this is obviously

not live yet so if any if you see this

anywhere it's not live yet we'll tell

you when it actually starts coming um

cool then you've got polit political

fire poliy memes which is like Bowden

[ __ ] horen then you got character memes

like based on Benji Benji is like the

oldest breed dog in history you got Moi

which is a favorite fine then you've got

law now I I a law-based meme I I Googled

the term law just to give us like a an

idea of what law is so let's just

quickly l o r e so law is defined as a

body of traditions and knowledge on a

subject or held by particular group so

it's like passing on from person to

person so for example Jensen Jensen meme

the Jensen coin is about the knowledge

passed from from Jensen hang who's the

founder of of um of uh uh Nvidia um so

those that I think how the I think the

Market's going to actually start looking

at memes much more seriously and they're

going to start breaking them down into

different categories of memes I think

these are some of the categories of

memes that the Market's going to look at

if the market does get um uh uh excited

about memes also if you want to get into

memes and make money memes snipe memes

and you can just go get snipe Bots and

you can actually snipe memes those

snipers actually land up making a

shitload of cash um so yes while we move

sideways anything that stimulates

dopamine wins memes

probably the biggest winners here and

you're going to get them moving down a

lot and then when the market bounce

they're going to move up a lot and

that's the casino of actually playing

memes um uh as I said to you in the last

bull market when we moved sideways

that's exactly what happened you can see

it over here so you see Bitcoin was

moving sideways sideways sideways and

maybe even slightly down and then look

at unibot unibot just shot up like crazy

um there was another one like that uh

here it is it's RIT see Bitcoin was

moving sideways and then RIT actually

moved up because why those are like

dopamine stimulating memes the other

token that I actually think might do

quite well and I am a a holder is the

crown token which is the the apps called

photo finish what it is it's basically

nft horse racing so it's like like

basically like horse racing with nft

horses and it's it looks quite cool I

think people are going to go and look

for dopamine and I think this is one of

the places where people are going to

look for dopamine so that's the first

the other place okay so one mem coins

two

gaming gambling but I don't think it's

going to be R but I think it might be

like horse racing and stuff like that

third place where people are going to

look is airdrop farming so like they're

going to go and look for air drops and

get air drops and become rich even while

the market actually goes down right and

I mean I'm going to show you two places

where you can actually go for air drops

two of them are sponsors so chappies if

you go to chappies effectively you can

go to communities here you can basically

go to to uh

to what this place does is it it it

takes you to places where you can do

things to actually earn chappie tokens

right so let's just see if we can you

see you stake a token you complete okay

so this is an ad for one of the places

okay let's just go back let's go back

here so effectively I'm my my wallet's

not connected yet but you can go and do

certain things on chappies and you can

land up getting uh nft tokens and stuff

like that the other airdrop is the bitg

get wallet airdrop if you go and

download a bitg get wallet there's a

link below if you go and down a bit

wallet you can actually end up getting

an air drop so three places one is memes

two is any type of Internet Casino three

is any kind of air drop farming those

are the things that are going to do well

now while the market is moving sideways

um yeah I think that's pretty much it I

think that that's pretty much what the

Market's going to do I think for now

what's going to happen is we're just

going to wait for the market to to move

sideways I mean you can see nothing's

happening it's like sideways sideways

boring boring sideways remember if you

want to be farming gummy uh we are we

are going to announce the date of the

airdrop One open an account on bybit uh

they will be listing gumy very very

shortly very very shortly I can't tell

you when so open account and bit in fact

let me show you all the different ways

that you can farm gumy and you will need

gumy uh you will need gumy to enter into

this uh into to be getting other meme

coins it's going to be the biggest meme

coin Factory in the world you're going

to stake your gumy you're going to get a

hold of other meme coins St your gy get

a whole lot of other meme coins just

rinse repeat rinse repeat rinse repeat

um how do you get them you go

to you go to um let's see here you go to

our show

today hold on a second okay wow what a

great thumbnail unbelievable okay so you

go to uh you go to here you go to gamy

next air drop sign up for buybit blof

fin or EVO and trade uh decentralized

Farm on banter bubbles or sign up for

well School those are the only five ways

to farm to farm gumy the air drop is

still worth like $15 million and it's

coming very very very soon so hurry up

and do that otherwise go to chappies um

you can get an airdrop on chappies by

staking so you stake on chappie okay

wait I clicked the wrong link let me

show you you go you can get an airdrop

by uh you can go here to chat.com

and you

will if the internet works everything

will be amazing

here come on internet come on interet

okay so bad internet but anyway go to

ches.com because there you can do a

whole lot of things to get air drops um

here we go here we go I got it I got it

so chat and earn stay can earn so you

can just go and chat and earn just go

chat in telegram chats and you can

actually earn tokens and aird drops and

stuff like that that's what you do

that's what you do when the market moves

sideways um or you just do nothing or as

I said before just do this and for this

what you you don't need a lot you need

two masks two elastics and one dumb

friend and then you can just play this

game which I think is a great game to

play If you're looking for dopamines in

the bare Market I will see you guys

again tomorrow until

then right well my friends

[Music]

[Applause]