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
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
