Hey, guys.
Welcome to BitBoy Crypto!
My--
my name is Ben.
This is my first time.
I don't know how to use MetaMask or an iPhone apparently.
But, yeah, I'm out here in--
where am I?
Estonia right now.
Tallinn. Tallinn, Estonia.
And, of course, you guys know, for an American, I'm tall, 5' 10",
an inch taller than the average male American.
I don't know about Estonia.
But one thing is for sure,
you know, I am--
Tallinn, Estonia.
That's a good joke.
Guys, so we're going to talk about memecoins today, obviously,
because that's all that we generally do, is talk about memecoins.
I got some announcements that we're going to be making today
and then we're going to bring on,
I don't know, one of the biggest memes in all of crypto here in a few minutes
to give some opinions on what's going on in the space because it's going wild right now.
First of all, I would like to say that I have now, maybe you guys have seen this,
officially joined the team of BEN coin, BEN token.
I call it BEN coin.
I did not have anything to do with launching this coin,
but after it got going.
I'm in a group called Ben DAO.
And it is a Telegram group of only people named Ben.
Ben Goertzel in there.
There's several other high profile people in the space.
He's probably one of the more high profile people in there.
ben.eth is in there, the founder of BEN coin.
And so I've now officially joined the team.
A lot--
I'm voluntarily locking my tokens for six months.
I won't sell any tokens for six months that came with my team tokens.
And so I want to make that commitment.
When they were given, they were not locked.
And then it came up as an idea later.
So I'm just not going to do it.
So, what is going on with BEN coin is it's really moved from being a memecoin
to what we're calling a part of the attention economy.
BEN now stands for, you know,
Be Everywhere Now
because we want to raise awareness for crypto and promote crypto usage.
We're going to be partnering with people.
We've got all kinds of stuff in the works.
And we're really, really excited about it.
We've yet to see a memeoin really turn into something that actually has utility.
And speaking of coins that have no utility,
I do want to say, also, if you guys click the link down below from Bitget,
if you sign up for Bitget and you make a trade, they're going to do a $5,000 airdrop
to anybody that does that.
You're going to get anywhere from $5 to $20 of PEPE
if you just go on there and you make some trades.
And, obviously, PEPE has taken a big dip.
It's not really the king of the space anymore.
Obviously, BEN coin is that.
So let's bring on a meme herself.
That's right.
What is that thumb?
- What is that? - It's double-jointed.
- It's double-- - Yeah.
that freaks me out.
This is my frenemy, CryptoWendyO.
We have a show together.
You guys can check it out.
It's called Forever Frenemies because we constantly bicker back and forth.
And the thing is, Wendy,
you're not really putting money into memecoins, are you?
You know, a little bit on the side,
but I'm not really talking about it. The reason why is,
- is because, gosh forbid, I say something, - Yeah.
and it goes down.
Then, you know.
So, I like memecoins.
I think they're fantastic.
I think what they stand for,
freedom, liberty,
but at the same time, a lot of these are going to go to zero.
- So if-- - Almost all of them are going to go to zero, for sure.
- Yeah. So if you're really going to play with them, - At some point.
have a good time, have fun, you know, not financial advice,
but please use risk management and don't expect this--
don't expect a lot of this stuff to be the next PEPE.
That's all I'm going to say about that.
Well, you know what they say?
They say that Bitcoin fixes everything.
Did you know they say that?
- Well, yeah, but Bitcoin does not fix that - Bitcoin--
- our food's going to be cold by the time-- - Bitcoin does not fix the fact
that one day the Sun is going to crash into the Earth, okay?
And one day everything is going to go to zero.
The point is, you'll want to get out of different things
before they top out or go to zero.
And taking profits is something, with memecoins, is more important
than anything else
because if you don't take profits on, let's say, XRP or Cardano or Polygon,
or what coin do you like, Wendy?
The biggest--
the biggest pump and dump that I absolutely love to keep putting money into is the US dollar.
- I like that. - Yeah.
I like that.
I like--
I--
I don't like that.
But the point is,
eventually, those projects, their utility is going to come to such usage
that you can ride it down to zero and ride it back up.
It's not advantageous.
You don't want to do that necessarily.
But with memecoins,
they're going to go to zero because they don't have any utility.
And I think that, you know, that's a message that needs to be preached,
is that you want to take profits when it comes to these coins.
Now, I think that--
how do you feel about, like,
do you think maybe we're at a memecoin top?
I kind of feel like we are to a bit because we have the thing with PEPE,
- which did absolutely well. - Yeah.
Very happy for everyone who made money.
If you bought the top, don't chase the green candles.
- You don't want to do that. - Yeah.
So I feel like we're kind of at this, like, stagnant place with memecoins
and we're seeing Bitcoin go sideways chop, do the crab walk,
- and I do think we will eventually have a breakout, - Yeah.
but right now I think the new hot trend is the BRC-20 tokens.
I love those. I like the ordinals too.
Are they destroying Bitcoin?
No, they're actually making Bitcoin more accessible to everybody,
making Bitcoin more exciting because let's face it,
- Bitcoin is boomer tech. - It was so boring before, yeah.
The maximalists have absolutely taken over.
They have really kind of taken Satoshi's--
the whitepaper and really made it into something toxic that it's not
because Bitcoin is for the people.
Bitcoin maximalists are woke culture.
- Yeah, they're weird. - Yeah.
But I think that Bitcoin stands for liberty
and you can use the network however you want to use the network.
And, again, even though it was created as this digital cash, you know,
supposed to kind of offset what's happening with predatory banks,
I think that people can, you know, they can build coins on it.
That's why we have the Lightning Network.
- That's why we have layer 2 solutions. - That's right.
- Oh, my God! - Oh, my gosh.
Was Lightning Network the first layer 2 solution?
- It certainly isn't the first to work, but-- - I don't-- no. No, I don't think so.
- They-- - Do you think Polygon was before Lightning?
- Or-- - I don't--
- Was Polygon the first one? I don't think so. - I don't know.
I--
I was in crypto when it started, but I don't know what it was.
- I remember. - I didn't know what a layer 2 was--
I didn't know what the Lighting Network was.
I couldn't understand it.
But, really, like, the layer 2s on Ethereum helped me understand Lighting Network a lot more.
- But, of course, they work on Ethereum and-- - They actually work.
- Well, Lightnig Network works, - And get usage, yeah.
- but the thing is when you use a layer 2, - Yeah.
you are sacrificing security for scalability and speed.
- Essentially. - Yeah.
Well, you know what, Wendy?
Speaking of sacrificing,
- we're sacrificing our food getting cold right now. - Yeah.
so I'm going to let Wendy go eat,
and then I'm going to tell you about our sponsor Stake
- because Wendy is not sponsored by Stake, but-- - Yet.
- what was that? - Hopefully, soon. We'll see.
- Go, Stake. - Oh, my gosh, that sounds like a gamble to me.
Obviously, Stake is a big partner of ours.
And you guys can check out some links down below.
We've got a big giveaway running.
I think it should be live on Twitter right now.
We're going to be giving away some, you know, along with Stake, some money to some users.
And it's really exciting.
You get the opportunity--
if you play a lot,
you have a better chance to win.
It's super exciting.
For you guys that, you know, need to get your adrenaline fix
from risking everything,
that's why you like the memecoins,
we did have a release today on a coin in our Crucial Crypto newsletter,
but I'm not going to talk about it today.
We're going to talk about it tomorrow.
Why?
You've got to get crucialcrypto.io.
That's our paid newsletter, $99 a month.
And we're putting staff picks in there every week.
This week, I've got a big pick for you guys,
one we haven't talked about on the channel yet,
but we're going to.
There's a lot of things about this coin that have some hallmarks of some other projects,
some big people behind it,
and kind of like, you know, ben.eth and BEN coin,
I actually--
he did dox himself to me, so I know who he is.
So I feel very secure that we're not going to get, you know,
there's no rug pull going on over there.
With this other coin, it's the same thing.
I know who's behind it.
Not going to say who it is.
It's a person well respected in the space.
But the point is, is that I know it's also not going to rug pull.
That's one of these things with a lot of these memecoins that I can't promise.
I can't promise that PEPE's not going to rug pull.
I don't know the people that made PEPE.
I can't promise that, you know, all of these random memecoins that we're investing in
that don't have locked liquidity,
I can't tell you what they're going to do.
That's why it's like that game on The Price is Right where the the hiker goes to the top.
If you sit in too long, he falls over dead.
So I guess that's a lesson for you guys.
When it comes to memes, please don't get killed.
Thank you.
That's all I got.
Be blessed.
BitBoy out.