How are we all doing today?
It's the weekend!
- It is the weekend. - Yes.
Elizabeth Warren, she's trying to cancel me, baby,
cancel the Drewth,
she's trying to cancel you,
she's trying to cancel all of crypto.
- I picked up some Graph today on-- - You picked up some Graph?
-Yeah. - Okay. Alright.
Getting in buying the dip 13¢.
Where was it at an all-time high?
- I believe February 2021. - Yeah.
February of 2021, it hit above $2.
- Okay. So we got in, - Yeah.
maybe even some wick candles up to $2.50.
I wouldn't be surprised to see that.
If it's hitting $2.34 on this all-time chart, that probably means it touched briefly around $2.50.
Okay. Yeah, you're looking at a 15X roughly, or, no, really closer to a 20X.
20X from these levels, so.
You know what? It is Friday.
I do like to DCA on Fridays.
I'm stinging from the cruise.
And I don't mean a sunburn.
I mean, my ass is chapped.
Excuse my language.
But no, not from the sun.
And so I don't know if I can afford to DCA this week.
But you know what? I'm going to buy a little bit.
Now, I will get--
you know what? We were also talking about AGIX.
- Yes, I know. I know. - Maybe I won't add fiat to that.
But maybe I'll go ahead collect some ADA rewards
that I've been collecting for a while because I stake,
I have my ADA passively working for me while I sleep so I can earn more ADA.
Maybe I'll withdraw my staking AGIX rewards,
grab my staking Cardano rewards,
combine that into a pool,
and then I'll restake all that with 50/50 Cardano, AGIX.
And then fiat, I'll add some Graph.
- That's probably what I'm going to do today. - Those are some moves.
Guys, this is an AI show.
- You didn't know? Don't ban me, man. - Dude, I don't feel like AI--
AI is going to be such a strong narrative when the mainstream public grasps
what ChatGPT is doing and how it's being implemented into businesses.
Two or three years from now,
people, you know, regular retail is going to be talking about this for some time.
So I feel comfortable kind of just getting slight exposure to it
before it becomes kind of more mainstream and get positioned ahead of it.
You know what I mean? That's what I'm trying to do, at least.
We're trying. We're trying out here, folks.
- Alright. "You don't talk about THETA." - Oh.
"Can you talk about THETA. You're missing out!"
What are we missing out on?
Alright. Potentially huge gains?
Alright. It looks like all-time high, roughly pushing around 14.
You're looking at a 14X?
Well, I sped out of 20X.
No, I don't know.
I'm not saying these are my predictions.
I'm just saying these are the multiples required to reach all-time high.
I don't have any opinion without doing further research
on where its new bull run price target will be compared to all-time high.
I'm just, you know, just doing simple math here.
But, yeah, there you go.
You got your little THETA shout-out.
- Are you happy? - That's right.
- Are you happy now? - That's right.
THETA has been an interesting project.
I mean, they've had a lot of like the Sony partnership that was being floated last bull market.
And it's doing something interesting.
It might be. I don't have any,
but I've been meaning to get in for a long time in maybe at 99¢.
I mean, that looks pretty attractive under $1, so.
As I remember, I was looking at it at $5.
I was just talking earlier today about how important it is for us to understand
if we want to make money in these markets that there's really only two types of people in the market.
There's predator and there's prey.
Now, as rough as that may sound,
you are either taking opportunity,
which means somebody else has capitulated at that level,
and you're buying in a zone where somebody else is selling because their emotions are triggered,
or you are emotional and you are basically donating your money to somebody else
to build their deck, to buy a new boat, to buy new rims for their car,
to stack their own SATS.
And I want to really emphasize for everybody,
this week was a great characterization of the need to have strategy and plan in the markets
because if we come here on the charts,
we can see that, you know, if we zoom out,
this week felt so scary,
but if we zoom out,
I know you hear it all the time,
but few of us remember to do this.
In the moment we're emotionally triggered, we look at things that trigger us further
rather than saying, "Okay, let me get a bird's eye view."
And this is a monthly chart for Bitcoin with Heikin-Ashii candles.
And the difference between these candles and the traditional candles,
you know, it's very similar shape,
but we can see there's a lot more days on these traditional candles than on the Heikin-Ashii
and that's because with Heikin-Ashii candles, you're essentially getting,
I don't want to call it an aggregate view,
but you're getting each candle is the color it is based on the average, like,
where most of the volume was traded during that time period
because each one of these candlesticks.
Yeah, this is the basics.
We've got to take it back to basics, baby.
Each candlestick, when you're looking, you always need to look at the candlesticks,
look at the top left corner of any chart you're looking at to figure out
what time period you're looking at, because if we're looking at the monthly,
each candle is one month.
And so we see this is a lot less noise looking at the Heikin-Ashii candles on the monthly
and we see that we have started--
each time we started an uptrend,
we had a small pullback here,
but, you know, as small as this looks,
this was about 100% move back here in 2015,
but we started this uptrend.
Now, on these candles, it looks like we're actually accelerating into an uptrend
coming into near the close of April.
But if we look on the traditional candles,
I mean, it's like very strong bulls, Morning Star Doji sort of setup up here.
And then indecision,
but then continuation,
could be pulled back.
So it's a lot more noise here.
And if we actually zoom in on all this,
we can see this was--
this is a 4-hour chart.
This is this week.
Everybody's so excited.
Somebody bought here,
which is only way these candle prices got up to this level.
So somebody bought out of FOMO.
They donated liquidity to somebody to take a short
to take advantage of this market to the downside.
Somebody was selling taking profits,
or somebody was shorting making money while this person was left holding the bag.
And somebody that buys at these levels typically doesn't have the conviction
to hold or add to their position at these levels or these levels.
JPG Junkies tweeted this out 19 hours ago.
The Junkies Council hasn't been in place for more than two weeks,
but we're working hard behind the scenes to bring in more utility!
We just got staking with the Cardano Crocs Club.
So if you want to get a JPG Junkie,
go to jpg.store,
type in "junk," "junkie,"
you'll see them coming up.
Bored Ape creator--
where are my monkeys at?
Bored Ape creator Yuga Labs dominates NFT sales with 35% share.
Huge, huge amount.
I'm actually surprised this is not higher.
They can they be--
more than a third of all NFT trading volume.
This is over a 6-month period from October to March of '23.
This is according to DappRadar.
They're pretty legit.
They also have CryptoPunks.
They have Meebits, Mutant Apes, Otherside.
They have the vessels, the land deeds and, of course, the titular Bored Apes.
Their created or owned projects collectively generated
more than $2 billion worth of trading volume over the last two quarters combined,
representing 34.6% of the total crypto market cap-- or trading volume there.
They lead the PFP market with the floor price tag of 51 ETH,
or about $100,000.
So, yeah, they always hang around $100,000.
CryptoPunks also hang around $100,000.
- Yeah. - When we get bullish,
I can see Bored Apes may be hitting $300K again.
That's where they hit before.
My Mutant hit 120 right before an airdrop.
I held it like an idiot, rode it all the way down.
Maybe I can see that hitting $80K, $100K again.
I don't know.
And you know what? If it does, I probably won't sell because I'm an idiot.
So I am slightly bullish on November all-time highs.
That being said, yeah, I do think there's potential upside here.
Hillary Clinton or Clinton Foundation being involved with Algorand is not going to be good
when it comes to crypto ideals,
but I think it will be good when it comes to VC money investing in it.
And to me, that is a, you know, bullish narrative.
I have a little bag of Algorand.
I don't know if I'll add a whole bunch, you know, compared to a Filecoin, an AGIX, a Graph,
but I'm definitely not selling right now.
And I have no plans of selling, you know.
This is a one to two-year hold for me.
So that is my two cents on Algorand.
But let's just look at the tokenomics real quick.
Circulating supply: 7.2 billion
Max supply is going to be 10 billion.
Total: 7.4 billion
So we don't really have that much tokens being dumped here.
A lot of people--
it is centralized though.
- Let me say that. - Yeah.
There's operator nodes.
And then there's relay nodes.
And I might be wrong.
I didn't study up on it.
So I'm not sure if I have that jargon correctly.
But one, anybody can do it.
You can do it.
I can do it.
And hey, yey, Algorand, we're decentralized, right?
Because you got a node and I have node.
That means we're decentralized.
No, there's relay nodes on top of those nodes.
There's only 140 and they're handpicked by the Algorand Foundation.
So that's why it's a little centralized.
But VCs like that.
Big money likes that.
There's going to be a lot of millionaire, billionaire donors that hear Clinton,
and they're going to be like,
- "Whoa, I want to put all my money into this coin!" - Right.
Then there's going to be people like Drew,
that hear Clinton,
- they're going to want to put no money into this coin. - Yeah.
I tend to think the first group will outweigh the second group
when it comes to moving the needle price wise
because for every fifth--
it'll take a lot of Drews to equal that one millionaire that gave a Soros-backed NGO $10 million.
I have a little bag. Drew, you have a little bag?
I have a--
- Big bag? - I am well invested in XRP
- and have been since flu season. - Okay.
- I got it in at like 17¢, you know. - Okay.
The reason I got into it is just the overlap of like their interns
and people that worked at Ripple that were put in place at different central banks
and then Rosie Rios joining the board.
So I see a lot of overlap between the actual Ripple organization
and central banks across the world for the last three or four years.
So watching that, I just figured position, it's about 10% of my portfolio,
but I'm definitely at the camp get lucky if I net the fair.
So I'm definitely in there.
Let's just give a quick lesson on leverage.
Not leverage trading.
Go to Frankie for that.
I'm talking about Archimedes.
- You know what Archimedes said? - No, tell me.
Give me a long enough lever, and I can move the world.
Oh.
And that is a true statement.
- You give me a long enough lever, - Yeah.
- that much pressure can move the world. - I love it.
And we live in an age of infinite leverage.
This is all from Naval Ravikant.
I'm not saying anything new here.
Before there was leverage,
the first leverage of a homo sapien was picking up a club
and leveraging the power of his fist against an enemy.
Yep.
And now we've moved beyond that.
Now, there's human leverage, capital leverage.
And so that's what existed in the '50s.
That's how the old class of billionaires got rich.
That is how the Henry Fords got rich.
That is how Warren Buffett got rich.
But then there's been a new class of leverage.
And that is infinite leverage with zero cost of replication.
I'm talking about computer code.
I'm talking about media.
And with those two tools and AI,
which is essentially computer code,
with these tools,
- you now have infinite leverage at your fingertips. - Yeah.
80 years ago, the worst lumberjack compared to the best lumberjack,
it might be why he's chopping five times as many trees, right?
So there's a little bit of leverage.
Or a lumberjack,
can you give them a slightly sharper axe?
Okay. Now, he's moving up.
He's like 1.5X.
Now, we live in an age of infinite leverage,
where Mark Zuckerberg and a laptop can trillion X someone else's same output
with that same laptop.
And now we live in an age of infinite leverage.
So use these tools.
I'm not saying go learn to code,
although that would be great.
If you want to learn how to code, that's great.
But you should probably do that if you have any kind of inclination to it.
You don't want to do that?
Make some content.
Make video content.
Make a podcast.
Spread it out.
Guess what? YouTube is going to infinitely leverage your video.
You make one video,
they can make it where a billion people can see it just like Gangnam Style.
Alright? YouTube leverage that to infinity almost.
Last one, you don't want to do that?
"I'm weird behind the camera."
"I don't want to do that."
"I don't want to learn how to code."
Use AI.
You now have autonomous agents that can live in your pocket
that can 1,000,000X your productivity.
So we live in an age of infinite leverage.
There's enough capital out there for everybody watching here to get rich.
And I think we can.
We've just got to take these Deezy witticisms and wisdom nuggets
and encapsulate it into our own lives,
and we can get there all together.
Underrated?
Stimulate you?
Robert, you stimulate me.
Let's stimulate that like button.
That's all I got.
Deezy out.