AI Summary
Crypto traders discuss the historic low Bitcoin volatility as a bullish signal, share FOMO meme coin trades, and advise DCAing Bitcoin.
- Bitcoin volatility index is at an all-time low; one trader calls this bullish, comparing it to 2023's dead summer that led to DeGEN market rallies and Bitcoin eventually 3x-ing by October.
- On-chain meme coin trading is active again; a coin shared by "Axios" went from a $4K to $300K market cap in 20 minutes, and the trader bought only $75 worth on FOMO and didn't sell.
- Holding tiny meme coin positions is seen as marketing to grow on FOMO; the trader notes influencers like Frank farm trades fast but keep dust bags, making it look like they hold many coins.
- In response to a listener question, the main speaker says: if you're not DCAing Bitcoin here, you don't like crypto—just DCA Bitcoin and fade everything else; he also recommends holding Bitcoin and hype, then taking on-chain gains into the stock market.
- He argues Pump is worse than FOMO: everything on Pump is a scam
Transcript
down, it's been ranging, but we've basically filled the whole week and I don't think it's
going to go lower than like, I don't know what the bottom was, 60 on the daughter or something
weird. It's always a weird number. But yeah, and it's just been months and months of this time
capitulation boredom. And so I'm bullish on hearing that the Bitcoin volatility index is at a historic
load. That's actually very interesting. It makes sense to me because the other thing that happens
too, like if you think in 2023, you think back, like, the summer was totally dead. Everything
was boring. And then like, DeGEN stuff kind of started to pick up and DeGEN markets got
bought. And like weird things happened, like, friend tech came out and that had like a pocket of
excitement and then ordinals came out and like, the RCs. And then by the time it like, it's
October and Bitcoin's done a 3X and nobody really noticed or talked about it. Like, it went from 17
in the summer to like, or spring summer to like, I don't know, was 38 or something in October
and then with launched. And like, so I think like you see DeGEN markets lead it. And I think it's
good if majors, volatility's like at all time lows because it's not going to stay there. So I'm
bullish. I don't know. I was going to keep waiting on chain markets are super fun. I'm having a lot
of fun with these scams, man. It's just really fun to be trading garbage with the boys.
Brandon how are you bro? You missed that 4K. Margie Kav coin. I bought it.
And shout out to Axios Axios, right? I guess his name is Axios. I don't know if he's in the
spaces or anything, but if he is and you see him in the audience, this guy shared this coin today.
We're all just spucking around trading these garbage coins and like, it's funny. You know how it is
trading drugs with the boys. But he shares it. He drops the CA and he's like, buy it just
posted this cat and drops the CA. And like I instantly bought it and went from 4K to like 300K
in like 20 minutes. It's kind of a gem. I'm surprised it didn't go higher to be honest because
it buy bit legitimately posted this cat and gave it a name. And you know how it goes. You know how it
goes. You bought it on a public wallet and you probably didn't even sell. And inevitably
when it goes to zero, it'll be your fault somehow. Yeah, I didn't sell. No, I did not sell. And I
only bought it on FOMO and I only bought $75. That's retarded right. But I just, I actually thought it
was funny marketing because I want to go from two figs to six figs P&L. Yeah, no, no, no. And so
I know I didn't sell. I didn't bundle it. I have no sidewallet. Sometimes I do have sidewallets,
of course, because I still use basepot. But no, I didn't do shit. A bunch of people made money
though. So that's cool. But I mean, like what? I was up five grand. I don't really give a shit,
right? Like I got 350K install broker. Like I, these trades are just a joke to me. But yeah,
I thought it would go a little bit higher. And the reason I held it all and I won't sell it is because
it, I think the best marketing on FOMO if you're trying to grow. Like I want to grow really big on FOMO.
I'm not going to put much work into it, but I'll grow really big and I'll start the
the Indian farm train like Frank, like just start buying coins for four seconds and selling them.
And then because he holds all his dust, it's so funny. If you go look at his profile, he holds
like 40 coins. And so that's why he's always like trying to gaslight people and say he doesn't farm
people because his average whole time is like a day or something, but it's because he doesn't get
rid of his dust. So he's got coins. He's been holding for like, you know, six months or something.
But when he makes a trade, if he ever loses money on a trade watch the whole next day,
he buys a coin and sells it five seconds later until he refills the bag. I think he just like
mentally is trying to get the money back from the market. But anyways, I would farm too. I don't
care. Game is game. Like you know he's doing it. You watch him do it. It's fine. Cool. I'm not
tailing his buys when he buys it 20k coin. But it's just funny how he gets really defensive. It says
he doesn't do it. But it's like bro, we're watching you. Like I love the post that just call him out and
show the show the in out. Anyway, sorry, brand. What are you saying? Is he rogged? He's always got
some internet problems for. Okay. DJ and guy. What's up, man? Not sure. I know you. Oh yeah, I remember
you. I think I'm gonna start the elephant. P.F.P or something. I mean, it's just to speak again
to the I really loved this place because I kept on one of my cats used to call different every time.
Before we do believe in the 4A cycle BTC, bomb, 8 bomb, but they look absolutely pumped.
What's maybe this time it will be kind of different. So maybe I would like to
go and do some people are thinking Bitcoin have not bought them yet. And you know, there's no volatility.
So it's kind of confusing. So maybe taking the
up or some of the thinking about maybe I said most of the time when the market is not volatile at
this time because one of the guys on the space now said that this period is one of the period where
there's lowest volatility. So some people may be waiting for further correction. Some will be
waiting for or will be buying the dip or some will do DCE. So I would like to just know what you
think about the market. When I will start buying some coins maybe BTC Ethereum or we shall read for
new narratives. But for right now I'm also having fun with Memes or Ben Hood. I get
rocked in a couple of Memes coins but some give good profits too. And I also saw a stable coin
made a post about a new white paper. So I don't think maybe they'll receive the backlash for
people. So they are trying to repair the chain to support the fire or memes or all that. So memes
also got up a bit. So I'm FIFA the Memes coin is probably maybe in a good price. So I won't
do I would like to shield it. So that's just my thought. Thank you. Maybe your mic. Okay. My mic
okay. Can you hear me? What? No, man. I can't do it. I can't do it. Yeah. I will answer your
question. If you're not DCing Bitcoin here you don't like crypto and you have no idea what you're
doing. So I think you can just safely DC a Bitcoin and fade everything else. Whatever white paper you're
talking about stupid garbage don't buy whatever they're selling just DC a Bitcoin. And you got a good
buy zone on hype man. Like if you don't have a bag of hype and you didn't buy recently I think
you're going to cope. So I pretty much just hold Bitcoin and hype. That's it. And then I trade
stuff on chain. And then I take those gains like my whole approach is just try to find gains take
out size returns by stocks. And I'm only I'm taking it all to the stock market now because I already
have the Bitcoin hype I want to go and cycle it. But for a long time I was just going in and like
on chain gains right into Bitcoin right into hype. I did buy a bag of pump actually. And so
I'm actually going to probably keep buying more. I'm up a bit but like I'm thinking it's going
to go down because things are a little slow and so all DC a decent bag. I think you can hold a big
bag of pump and they're going to pump it. Not like I think it's like that great. Like I actually think
that pump is way worse than FOMO. You know it's predatory like everything that sends on there's a
scam nobody knows in but it's like the same scammy influencers every time like they enable all
that they push this stuff like it's basically a meme right whereas all the success stories like zero
to hero come out of FOMO every time even though pumps pushing the app the Chinese thing the other day
like the new guy that's super popular FM Pump guy or whatever like that guy it's again happened
on FOMO. It's always like the legit stuff happens on FOMO even though they're climbing stuff too
but like I look at it like and patty ice posted the FOMO or the pump fund P&L leaderboard today like
the 24 hour and it's like the top guys up nine grand like I'm not trying to bag shame or anything but
when you want FOMO every day it's like the top guys up 700 K or something crazy like it's obviously the
A venue like that there's the A venue and then I've been calling it like you can't in basketball
there like some league no one gives a shit about like FOMO is the NFL
pump fund as you can in basketball nobody cares but anyways so why would I buy the token I'll tell you
why because you can't get worse and they have infinite money and they're gonna pump it like they're
gonna they're gonna make the business better or they're gonna they can't be worse right they can't
be a worse venue they're highly incentivized to close this perception gap in what the best social
trading venue is and they're gonna spend money and close the gap a bit and so the token will go up
very simple like I don't think that they can get worse and I think they have infinite money to fix
the problem and so I'll buy their token and I'm gonna sell it for like a three X or something
like I'm not gonna this is not hype like I'm not gonna hold it well in the cycle or anything okay we
got a new guy requesting I'm gonna tell you right away though bro if you have some dick Nigerian
or Indian accent and you're reading chat GPT I'm not gonna do it I've been trying to be tolerant
with this stuff but it's just way too many guys reading some weird chat GPT thing and I'm not doing
it so let's try it out sorry I sound like such a dick but like if you have an accent and you're
legitimately like talking to us asking a question that's totally fine but I know this is some chat GPT
shit and I'm just not doing it um anyways what's up boss see rugged I can't hear him bro
at least scared him huh I want to scare him and just like bro like why do they want to come up here
can we get some real speakers up here please oh bro bro bro bro listen listen listen can you hear
me yeah now we can hear you you know you see the Mars what do you think about the Mars coin oh man
the one that easy rug man yeah I posted about this and I'm I'm pretty careful about posting about
CZ and Binance I used to flood Binance all the time I believe bro chill man
I'm really not fuck bro like yeah and you your mic dude I hate this shit when people don't
use their mic when they're not talking um that goes for you two boss I'm sorry you did yeah yeah um
yeah I'm not this isn't some broccoli head well they don't go on spaces spaces is mostly just
mentally it'll retard now like screaming at each other talking bullshit I hate it and this isn't
some like interrupt each other like I had a white call or career for 15 years like we're going to
operate this shit properly a we talk about crypto be use your hand don't interrupt and mute when
somebody else is talking that goes for everyone not just me so the CZ thing um I and I don't mind
talking about it on spaces like because I don't think that you're gonna get targeted in the same way
but I used to flood CZ a lot and Binance a lot because I've always thought that
they are bad actors and like they obviously are I was I was funding them long before 1010 and then
after they deepagged the ena stable on their platform on purpose the way better ones margin and
like they basically tried to destroy the whole crypto industry other than them knowing they were
gonna take a massive hit but they could survive it and they didn't think hyper liquid could survive
it and that was the whole thing and that was his like fourth attack against hyper liquid so I've
been calling them out a lot since since very like like years years these guys are shady um
and I called them out a lot after 1010 and I actually had a few posts that got really big and I
used to get uh I used to get reported like I got mass reported a few times and I'd wake up and my
account was locked and I'd have to like delete tweets and stuff and so because they played dirty bro
like I don't know if it's finance doing it or whatever like but so I don't even like to comment on
them usually like I don't really post about it but yeah I mean it's the same thing bro it's every
time the same thing with these guys you got CZ always the same act out of this guy so he ends up
in one way or another he ends up shilling three or four coins for the same narrative
vamping them moving the liquidity around he reshuffles it a few times and then he always comes out
and throws his hands up and plays dumb every time huh I didn't know that that was gonna happen
like do you remember broccoli where he tweets a week before like a picture of his dog he's like
I'm gonna I'm gonna tell you guys the name of my dog soon and so what does that do he knows there's
gonna be thousands of coins on VSC guessing at the name of his dog and then when he finally reveals
the name of his dog he tweets uh what did he do he quote tweeted one of the broccoli coins
and then later he posted about broccoli a broccoli coin and put the CA but it was a different
CA and then he put a different one on Binance Alpha and like he does it every time bro like he
shilled like five different broccoli coins on purpose within a few days and so yeah this Mars
coin he burns 4444 tokens that were sent to him like he just randomly burned like oh I didn't
know there was another Mars coin like bro come on like it's just this is a dark side of crypto where
these guys have been playing games for years and it's really held the industry back
it's just crime like it's fine like you know there's this video and I can't believe I'm
gonna mention you gand at twice in two different ways but there's a funny Facebook video
um of this you gand in politician and he's like corruption is not bad corruption is only bad
if I'm not involved so like if I was one of CZ's homies and I was in the little group chat and I
wouldn't care as much no I'm just joking I actually think it's bad for the industry and I wish
that they would clean it up but that's just what you're gonna get like I saw Mars coin moving and it
went to five or six million and so I'm putting in the chat and they're like CZ burned these tokens
is a different Mars coin I mean I kind of mid-curved it because I should have just jffed on it knowing
it would pump for at least an hour but I didn't touch it same way I rarely touch Elon coins like
Elon also has this way of like shuffling a narrow of around and moving the liquidity around and
pumping vamps and like so it's just not worth it was CZ to me man