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- UpOnly: Chats with Crypto Experts
- Publisher |
- Brian Krogsgard, Jordan Fish
- Media Type |
- audio
- Publication Date |
- Dec 02, 2021
- Episode Duration |
- 01:48:25
Links
Show Partner
This episode is presented by FTX. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/ftx
Show Notes
Trading
– abetrade – making case for leverage if you’re at least decent at trading
– Cobie: “Is there a reasonable path for someone who’s new to crypto to becoming profitable within 6 months to 1 year?”
– abe: “Yeah I mean I started on legacy markets…took me like 2-3 years before I became reasonably profitable”
– abe just sticks to BTC and ETH
– SZ traded 10 years of FX, but then 1 alt run can just make him more
– SZ thinks the dollar top is in
– iso used to leverage trade a lot
– thinks everyone should go through that phase to figure out what they’re good at
– did mostly TA, trying to catch bids on the pain points in the market
– now mostly buy and holds, finds good projects and invests in fundamentals
– saw this coming for metaverse and gaming tokens
Metaverse
– ISO has a strong thesis there and is holding a lot of metaverse and gaming tokens
– iso sees that the metaverse already exists – his nephew spends so much time on Fortnite and Roblox. That’s where he hangs out with his friends and trades things in game
– saw that crypto had an obvious intersection there and the assets would be on chain
– sold AXS way too early lol
– but has a long term thesis that crypto gaming will be HUGE
– ISO: “This is inning 1 of crypto gaming”
– Much more narrative trading now
– Cobie: “Adam, do you think the metaverse is a real thing?”
– Adam: “No I think it’s gonna be huge…I think its the next step”
– Cobie: “ISO – how do you position for these trades?”
– mostly relative trades based on users/ large caps and small caps
– ISO: “Video games transitioning to p2e will make people see that this is not a waste of time, and its a source of income”
Moar Trading
– “I think we go higher”
– the alt L1s never pump at the same time
– gotta catch the rotation
– Cobie: “Bitcoin culture is almost cringe within crypto now”
– it used to be cool and dangerous and Silk Road and stuff, but now its just cringey
– Cobie: “I think I’m philosophically against EIP 1559, economically for it”
Macro Outlook
– Ledger: “You gotta look for ways to justify your positions so when price action goes against you ya need macros to justify it” lol
– by the time everyone’s saying it its priced in
– some stocks talk and macro somethings
– SZ thinks 52k then maybe 60k
Personal Max Pain
– Ledger: “Zcash under $200”
– Sam coins are absolutely crushing Barry coins
– Sam coins just go up, Barry coins get crushed lol
Back to Metaverse
– ISO: Wilder World had great fundamentals and kept hitting their milestone
– Next wave is potentially gaming on AVAX
– Also, NEAR protocol has an $800M fund pushing their ecosystem
L1 Rotation Trade Dead?
– Tough to tell, def not going to 0, but maybe relative momentum
– Cobie: “I mean SBF might literally have infinite bid for Solana with like a few bps of FTX”
– Bullish unlocks?
– Cobie: “People get scared of unlocks, but with the ‘bullish unlock’ meme, most of the locked coins are sold OTC on a trust basis, so the people holding aren’t up 10,000x, the new holders are really only up like 2-3x”
– There are bearish unlocks when FDV is high, volume is low, investors are up, etc
FINAL ALPHA
– ISO: “Really important to keep an open mind – a lot of success in life will come from surrounding yourself with the right people”
– SZ: “Take somebody less fortunate that’s in the space and try to change their life. 1 at a time”
– Adam: “There are so many things you can do – spend less time arguing about what is the best way to make money and spend more time following your own curiosity”
Notes by Kevin
Music by GiovanniPickle
Links
Show Partner
This episode is presented by FTX. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/ftx
Show Notes
Trading
– abetrade – making case for leverage if you’re at least decent at trading
– Cobie: “Is there a reasonable path for someone who’s new to crypto to becoming profitable within 6 months to 1 year?”
– abe: “Yeah I mean I started on legacy markets…took me like 2-3 years before I became reasonably profitable”
– abe just sticks to BTC and ETH
– SZ traded 10 years of FX, but then 1 alt run can just make him more
– SZ thinks the dollar top is in
– iso used to leverage trade a lot
– thinks everyone should go through that phase to figure out what they’re good at
– did mostly TA, trying to catch bids on the pain points in the market
– now mostly buy and holds, finds good projects and invests in fundamentals
– saw this coming for metaverse and gaming tokens
Metaverse
– ISO has a strong thesis there and is holding a lot of metaverse and gaming tokens
– iso sees that the metaverse already exists – his nephew spends so much time on Fortnite and Roblox. That’s where he hangs out with his friends and trades things in game
– saw that crypto had an obvious intersection there and the assets would be on chain
– sold AXS way too early lol
– but has a long term thesis that crypto gaming will be HUGE
– ISO: “This is inning 1 of crypto gaming”
– Much more narrative trading now
– Cobie: “Adam, do you think the metaverse is a real thing?”
– Adam: “No I think it’s gonna be huge…I think its the next step”
– Cobie: “ISO – how do you position for these trades?”
– mostly relative trades based on users/ large caps and small caps
– ISO: “Video games transitioning to p2e will make people see that this is not a waste of time, and its a source of income”
Moar Trading
– “I think we go higher”
– the alt L1s never pump at the same time
– gotta catch the rotation
– Cobie: “Bitcoin culture is almost cringe within crypto now”
– it used to be cool and dangerous and Silk Road and stuff, but now its just cringey
– Cobie: “I think I’m philosophically against EIP 1559, economically for it”
Macro Outlook
– Ledger: “You gotta look for ways to justify your positions so when price action goes against you ya need macros to justify it” lol
– by the time everyone’s saying it its priced in
– some stocks talk and macro somethings
– SZ thinks 52k then maybe 60k
Personal Max Pain
– Ledger: “Zcash under $200”
– Sam coins are absolutely crushing Barry coins
– Sam coins just go up, Barry coins get crushed lol
Back to Metaverse
– ISO: Wilder World had great fundamentals and kept hitting their milestone
– Next wave is potentially gaming on AVAX
– Also, NEAR protocol has an $800M fund pushing their ecosystem
L1 Rotation Trade Dead?
– Tough to tell, def not going to 0, but maybe relative momentum
– Cobie: “I mean SBF might literally have infinite bid for Solana with like a few bps of FTX”
– Bullish unlocks?
– Cobie: “People get scared of unlocks, but with the ‘bullish unlock’ meme, most of the locked coins are sold OTC on a trust basis, so the people holding aren’t up 10,000x, the new holders are really only up like 2-3x”
– There are bearish unlocks when FDV is high, volume is low, investors are up, etc
FINAL ALPHA
– ISO: “Really important to keep an open mind – a lot of success in life will come from surrounding yourself with the right people”
– SZ: “Take somebody less fortunate that’s in the space and try to change their life. 1 at a time”
– Adam: “There are so many things you can do – spend less time arguing about what is the best way to make money and spend more time following your own curiosity”
Notes by Kevin
Music by GiovanniPickle
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