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00:00:01
No Brains, All Balls, and Why Execution Beats Analysis with EmptyBrainTrader
79 Plays1 day ago
EmptyBrainTrader joins the Insilico Terminal Podcast to talk about crypto trading, execution, mean reversion, and the psychology of actually clicking the button. We covered his early mistakes buying XRP and Zcash, blowing up in 2022, studying DOM and auction market theory, building a mean reversion style, dealing with FOMO and revenge trading, and why execution often matters more than perfect analysis. We also talked about the current crypto market, Saylor fear, BTC downside risk, HYPE, Hyperliquid, perp DEXs, Extended, Variational, prediction markets, and why traders should focus on not losing big.
00:00 No Brains, All Balls and why execution matters
08:00 Mean reversion, footprint, and fading extremes
16:00 FOMO, patience, and learning to sit out
24:18 Stocks, war fear, and why markets keep grinding higher
33:35 Perp DEXs, Hyperliquid, Extended, and liquidity
41:44 Market orders, swarm orders, TWAPs, and limit fills
48:28 HYPE, HIP-3, and why Hyperliquid still matters
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Transcript
Introduction and Guest Welcome
00:00:12
Speaker
Welcome to a new episode of the InSilico Terminal podcast with a little bit of a different camera angle this time more fresh professional more more studio studio ties after doing some ah off-cam Luxemaxing talk I'm here to talk about markets and trading with my guest today who apparently doesn't have a brain?
00:00:35
Speaker
ah No, I think ah all brains, no balls. All brains, no balls? No, no, no No brains, all balls. The other way around. the the other I didn't get neutered. Not yet, at least. hopefully Hopefully not. The market might do it soon. The market might do it to to all of us soon. I don't think it's neutering us. I think it's bending us over.
00:00:59
Speaker
Yeah, I mean, it's it's it's not that far removed, I guess. If we go like until i was back back to 30k, then we will feel it. yeah, um so where wheres where did your name come from? where how ah How did you come up with your name?
Trading Name Origins
00:01:14
Speaker
Um, like I really, like my worst aspect of a trader has been overanalyze too much. I know it doesn't really check out, but I really will overanalyze and try and like get the best analysis when in reality, sometimes execution, it or not even sometimes execution is so important when it comes to trading and that i don't know if you've ever heard the story that or actually the pictures we all see, I think in Silico, really, I saw it within Silico. You have like the virgin quant trader and then you have the chat executioner who's just screaming and executing.
00:01:47
Speaker
And then the virgin is like, oh, I got to statistically arbitrage this thing. And that's where my name came out of where I just got to focus on the execution, the execution, the execution. I try and turn off the brain when it comes to execution and just mark it in and slam it and see where the market takes us.
00:02:04
Speaker
I think that makes sense. like I talk a lot about ah to like more quant-oriented people on here and like ah also about this whole debate about quant, manual trading, whatever. but I think this one video that Tripp always posts about this guy, i think he's like Australian or something.
00:02:17
Speaker
like This DOM interest rate trader or whatever, I don't really know what he does. Is it Rambo? I think it's that way. He's just looking at the DOM every day and just like he doesn't even know what the chart looks like, what the price is. Just like executing, executing, executing all day. and it's yeah it's just the trade at the end of the day yeah your next trade i know trip says it all the time your next trade will not change your life but the next thousand trades will change your life yeah exactly oh yeah so what what what does your trading look like did the the next thousand trades change your life yet for me like no the next thousand trades haven't changed my life i think
00:02:53
Speaker
Or the last thousand ones. The last thousand chains have not changed life. Actually, well, yes, they have. They've made it for the better. um I think, let's say the last cycle, because I work in cycles, the last cycle has been quite well. I know a lot of people did not perform as well all the time because a lot of shit didn't like.
00:03:11
Speaker
Yeah, if you weren't in like BTC or or Solana or Hype or some of the AI coins you quite possibly underperformed very like badly. ETH performed well for like a month or two.
00:03:24
Speaker
But yeah, I think for me, like, The past thousand trades have been good and really looking forward to the next thousand trades, going a little deeper into the market.
Market Insights and Strategies
00:03:33
Speaker
I think I know everybody's super bearish or just like, oh, we're all going to die. Sailor's going to kill us. so We're going to blow up.
00:03:40
Speaker
um I think if Sailor does blow up, I think that's the best thing for all of us. And that's like the good side of things. And if you get it, you got a bid. You just got to like turn off the brain, hold your balls and bid because that's kind of where it goes. And yeah, I actually do think we've reached the space in crypto when it comes to just like a project side of things where, well, we look at Hyperliquid. It's like the first project where there's actual adoption or people in the Tradify space like it. It's good, but also it just makes money.
00:04:09
Speaker
And yeah at the end of the day, we are an industry that at first was all about Fugazi and now we're about making money. And at the end of the day, if your business doesn't make money, it shouldn't be valued at a couple of trillion dollars, especially SpaceX, but not the point. But yeah, I think with the projects, I think there's some cool teams coming into the space and trying to build profitable businesses. And that can be quite fruitful if we get good conditions.
00:04:35
Speaker
Would you say the the the cycle is already over? I was kind of confused for a moment there when you said last cycle. ah but Because for me, last cycle is still like 2021, think. For me, last cycle was like, well, I look at it like 2025 was top and now we're in like the bear market cycle. I think hopefully we can't say for certain, but I think a new cycle is approaching for us.
00:04:57
Speaker
And yeah, that's kind of, the that's the way I look at it. I'm, I don't say I'm a four year cycle person, but it has played out quite accurately for the last couple, like 12 years. And yeah, I think it's a self-fulfilling prophecy at the end of the day.
00:05:12
Speaker
but when When did you get started?
Journey into Crypto Trading
00:05:14
Speaker
When did you start with trading? I started in crypto and like lightly in 2020. I didn't really do what you mean like. So like I first thing I actually bought XRP in 2020 and I'm like, oh my God, this thing is going to be like $50. I'm going to buy a Lamborghini. The classic. and that Yeah, it's classic. That didn't really do anything besides being an XRP maxi for like a couple of years. Then 2021 in the summer when everything was going crazy, I'm like, oh shit, this tech is really cool. And I bought Ccash at the top together with Shiba at the top in May.
00:05:51
Speaker
And this time I really stuck with it. So like I went through that big drawdown and then I really discovered like Avax and Solana and Luna and I did quite well with that rotation. like thats What made you buy Zcash in 2021? I don't think i I know anyone that bought Zcash in 2021. So I'm like again...
00:06:13
Speaker
the over analysis comes from failing a lot at the start. yeah I basically saw like Crypto Kaleo and Gainseek, like Popo Zcash. Oh my Another victim claimed.
00:06:26
Speaker
That it's going to like fucking 5,000. five thousand And I'm like, oh shit, it's trading at like 500. That's a 10x. Let me throw in my 1,000 euros. I'll have 10,000 euros in no time. That didn't work out very well for me.
00:06:40
Speaker
But um yeah, that was why. but then I stuck with it and then I saw Soluna, Solana, Avax, and you know you had that whole rotation there.
00:06:51
Speaker
And then I make up money there, but then i basically blew up with, um well, trying to long the bottom the whole time because I didn't really believe in like cycles or bear markets. I'm like, oh, this time is different. We have adoption.
00:07:03
Speaker
And I basically lost majority of the capital in 2022, not through FTX. actually was before that. I didn't have money before that. And then um really in 2022, let's say into the summer of 2022, after I lost a lot, I started diving deep into the bunker, I just started studying trading, dom, auction market theory, just the basics, really going deep into the bunker, read it like a couple of tens, 20 times.
00:07:32
Speaker
And then when we started in 2023, as a retard as I am, I tried to short the first pump and it failed. But then i kind of got the hang of it. And, you know, yeah, it went well for me afterwards. Mm hmm.
00:07:46
Speaker
And yeah, been just I wouldn't say full time. I do like working unlike other people. I do like working in the space. I worked the space. Few such cases. I still work in the space. Currently a little slow right now because everybody's like licking their wounds. But I still like working in the space and I still believe in the space. So, yeah.
00:08:06
Speaker
So what what what does your trading style look like? What did you take from the bunker? What did you try? What worked for you? What didn't? What worked really well for me is like the mean reversion trade. It's like... always trying to see. I always look at it like there's a specific cat meme where and in Silico Maiden because he's made everything. The cat video. Yeah, the cat video. The cat is like popping back and forth of the face and it's basically showing showing when market orders are taking over limit orders. The trend is strong and basically when the market orders are slamming in but you're not really seeing that move come in. Like it's basically trying to long or short the top.
00:08:40
Speaker
or and that can be seen in any range or any form of like style you want to look at. That's a great place to fade it and you can capture a couple percentages from there. And I saw that works really well on low timeframe, but it also works well on like a high timeframe.
00:08:55
Speaker
But you have to really spread out the timing of it and be more patient with it. where you're seeing people slam in a lot of shorts. Like, for example, great example is after FTX, everyone's like, this place is going to die and people are trying to short, short, short because they're trying to reach twelve k And yeah, those's the shorts were just not working.
00:09:13
Speaker
And you saw it the same way at this recent top in 2025, where you're seeing sailor ETFs, everybody slamming in three to five billion dollars a day in buys. But price is not breaking one 16, 120.
00:09:27
Speaker
So these are always good like inflection points to reflect on for me.
Mean Reversion Strategy
00:09:33
Speaker
Do you look at the things kind of like in a narrative way that that there's like many are buying or whatever or like more specifically in footprint or anything?
00:09:41
Speaker
I try and look at footprint more than anything because that's what really matters. That's actual buys and sells. what I will combine it with like narrative. I think what I've realized with narrative, it always works really well at the extremes.
00:09:56
Speaker
We're going to 10 million. We're going to die is kind of where you want to be operating. yeah Everything else in between is kind of just like a waste of time and a waste of energy. That's better looking off at the footprint and looking at actual data.
00:10:08
Speaker
But you know when you're looking at the actual data and then the narrative is, oh, we're going to die and people are slamming in a billion dollars of cells and nothing's happening, it might be a good place to you know ah like take a long. And same goes when it's the other side where people are saying screaming, oh, we're going to 10 million and you're seeing a couple billion in slams and price is not moving. It might be a good time to take a short end. It's a very good way to take a risk to find trade, in my opinion, then.
00:10:35
Speaker
so you're kind of doing like a mean reversion on higher timeframes mainly or? mean No, I do it on all timeframes now more than anything. i've It really works well in the low timeframe because you know quite quickly if you're right or wrong. And in the in the higher timeframes, you are taking less higher expected value trades, but they can be quite fruitful. But you have to so like space out your buys quite like...
00:11:00
Speaker
over a long enough time frame and over a like big enough time price. Otherwise, you're just going to, you know, shoot your load too early and get like screwed over. High time frame is mostly for spot then because, yeah, and also specific assets for me. Yeah.
00:11:15
Speaker
Like I'm not trying to buy ETH when it's like just trending down to zero. I'd rather do that with like Bitcoin or hype. Is there a point of but where you would buy ETH again? Any price where it would be interesting?
00:11:28
Speaker
I've always told myself, like I've always been like, hey, if it goes to three digits, I'll buy. But like when I look at it, why would I want to buy? i sorry Yeah, no, it isn't. Why would I want to buy an asset like that when I think BTC and ETH, BTC is a better buy, my opinion. But also just now we have hype as like the like the main alt. when Why are you trying to buy?
00:11:53
Speaker
a chain or a business that is not making money the people that are behind it are don't know what they want to do with the with the chain and all they want to do is basically like my eyes and maybe i shouldn't say but having worked with them also all they want to do is like save the world and focus on like not the stuff that i wouldn't I don't want to say not the stuff that doesn't matter, but not the stuff that can really impact the space properly. no like What they want to do might be cool if it's achievable, but it's a very far-fetched vision.
00:12:28
Speaker
And it also probably won't make the price go up. No. And if you look at it like from a like if you look at it from a trader's perspective, you're like, okay, no, not like a fundamental value, whatever you want to look at it investor. It's like, hey, this is not going to make the price go up. Why would I buy it? But if you look at it from a different perspective of like ah someone that wants to see the world better, cares a lot about privacy or cares a lot about like the...
00:12:51
Speaker
I don't really know the perfect word for this, but cares a lot about the world. They're like, oh, this is cool. It's very idealistic, I guess. Exactly. That's exactly the word. It's a very idealistic asset. And look, it might ever work out. I assign it maybe a 10% chance, but are you really going to risk a lot of capital for that? I think maybe you assign a couple percent of your portfolio and be like, hey, if it goes to zero, great at a specific price. But it's not something I think you should be actively buying and investing in.
00:13:20
Speaker
what What are some other things that you've learned? like ah You mentioned you started looking through the bunker 2023 and have been going from from there. What are some of the the lessons or mistakes you made during that time when you learned to trade properly?
00:13:35
Speaker
and I still wouldn't say I can trade like perfectly because like this last month for me and I don't mind being openly honest was a very stupid month for my end. Why is that? I made a lot of mistakes. Like one thing I've realized with my trading is when I'm right.
00:13:51
Speaker
I will either know I'm right quickly or I'm right um on a lot. like I'm either early or I'm right on time. right So the times when I'm early, I try and make that mostly like spot buying.
00:14:04
Speaker
But because this market has been very boring, I've been trying to be aggressive with just about anything to make money. And that has been kind of, I wouldn't say the downfall, but has led to having a red month this year when in reality, if I had just taken my time and been patient or in better yet, just not traded after a great month that was me, i would have been better off just, yeah, going on vacation like I did right now. I just came back from vacation because, well, it hadn't been like a great, like I just missed a lot of opportunities. So you've been trying to like force more trades?
00:14:37
Speaker
Exactly that. I couldn't come with the right word. Sorry. But I was trying to force trades, you know, for example, trying to short um like after this big, big, this big drive down, I missed the drive down because I was busy with some other work things. So I'm trying to revenge short because, hey, I want to capture these percentages when in reality the short wasn't the wrong idea. It was timing and execution again where I'm like, hey, I should just wait for the bounce. And In our, like, we have our, like, group chats and everything. We all talk about it. is Again, in Silico, he has this picture where it's cell you retard. Where it's, like, hit the floor and it's basically, like, curving upwards. And you just sell there. When in reality, yeah.
00:15:17
Speaker
If you just do that, you're fine. After you you got the bones, you should be happy with what you got. Yeah. Try to make another the moonshot. Exactly. so yeah. But, yeah.
00:15:30
Speaker
um Yeah, I guess so you're struggling with FOMO and patience and stuff like that. like I guess kind of kind of everyone is struggling a bit with that. but What are like some ways that you deal with that usually?
00:15:40
Speaker
um For me, it's always been stopping, like detaching yourself from reality with with that as crypto and financial markets. I've always found that has been to be the best thing. How do you do that though?
00:15:52
Speaker
Do you just go completely offline or? I don't actually go completely offline. I really just, in reality, it's like trading in my opinion, but we have this thing in our space has been is kind of like an addiction. We always want to be in a position. We always want to be in a long or a short and I think another great trader that said is is the trader Dante. He's always said sometimes the best position or just the best position is doing nothing and sitting on your hands.
00:16:17
Speaker
And the way I do that is, and I'm grateful that I can either go on vacation or I try and switch my focus and focus on business or work and stuff like that. Yeah. And that has to me been a great way to just detach from reality. And also we live in a big bubble and I don't mean like a financial bubble, but like we're all traders or people that are trying to make a lot of money, thousands of dollars in a day.
00:16:39
Speaker
And if I just go and speak with some random, like just regular friends or just have a social life or speak with some regular people, you just hear the stories of them working and how hard they work. You understand how grateful we can be in this industry, especially the ones that are- They're the other the K-shaped economy.
00:16:54
Speaker
Exactly. And yeah, you just you detach, but you also think a little bit deeper than like, hey, I should just be grateful. I should be slowing it down. I shouldn't and be trying to speed it up. Everything comes with time. And that is like the exact opposite. What social media and industry are all pushing these days. Like, oh, you only have one chance to make it. You only have the next 12 minutes to make it. And if you don't, you're screwed.
00:17:16
Speaker
When something that I think have worked for me, i yeah I haven't made multi-millions of dollars, and not even millions. I'll be happy to say that. Maybe I shouldn't. But I think slow and steady wins the race. And just as long as you keep showing up and keep protecting your capital and yourself, you have way better odds of making it than if you don't.
00:17:35
Speaker
yeah That's kind of the message I try and do myself. But it's always difficult to follow your own message. I think the quote, I don't know if it's from from him or whatever, but it's like, now it's in my mind.
00:17:49
Speaker
ah the but In discretionary, the best position is almost always nothing. I think that's something like that is the quote. Yeah. and yeah Because you always kind of like want to overtrade, especially like with the 24-7 markets and everything is like always happening. and As you said, you you want to make
Equity vs. Crypto Trading
00:18:05
Speaker
it now. and I think I've seen Edru Tate tweet like a million times every month that this is the last month to ever make it and after that it's like over and we can't do anything anymore. But we still are here and there's still opportunities and i stocks are going to 1000% all-time highs every day. so
00:18:20
Speaker
hey but I think the way with the way we're trading, it's a good and a bad with 24-7 markets and like stocks being on chain or us having ability to long stocks. The FOMO feeling is there twice as much now.
00:18:33
Speaker
But also with that FOMO feeling, that should also show you there's twice as much opportunity because yeah we as the crypto industry can now access different levels of equities. you know Smaller investors can access Chinese stocks. And I know that's still being built out, but that's kind of the greatness of crypto you know we can access different markets quite easily have you been branching out more into equities i have like really like this recent month i have branched out to equities i've done mostly again very focused on just high liquidity high volume assets like you know everybody's focusing on the specific memory stocks like micron um sandisk marvel and then you also have like dram is available on um hyperliquid
00:19:17
Speaker
ah SpaceX was quite a big narrative. I think there was a, I wouldn't say an easy 20%, but you could have made some good percentages after it initially IPO'd. It was a low float. I think the probabilities that it went more up than down initially was good. But I think now, yeah, I...
00:19:36
Speaker
I have not been pretty locked in the markets for the last four or five days, so not really sure where that goes. But yeah, I think there is, I've been branching out myself a little bit more and I'm trying to expand my horizons on assets as well. Yeah.
00:19:50
Speaker
What do you feel like about stocks in general? Like how are they ah different from, can can you apply the same mechanisms that you apply in crypto to stock trading? I don't think I can really do great mean reversions here, in my opinion. I haven't really found a great mean reversion. I think for now, especially with like the assets I just mentioned, you're best just following the trend.
00:20:10
Speaker
I think for me, the best thing with like these big name stocks is slapping on a four hour like focusing on the four hours, not really in the minute charts or low timeframes, four hours. finding a good EMA and just waiting for momentum to reset and to like long pretty much as long only never tried shorting these stocks as I think you'll get blown out especially if you focus on like high name stocks if you want to find some low like momentum like the momentum shot it's trending down you could short those on bounces but um yeah I think long only for now and
00:20:48
Speaker
Yeah, not really. like Since everything's just going up, I don't think ah there's really like a strategy, like a proper trading strategy. So it's like you're just trying to hop on the wave and extract as much as possible. Yeah.
00:21:03
Speaker
yeah I guess it's just just trend following. Yeah. there's not like i don't think I've never been successful. I haven't been successful doing mean reversion on on stocks. I've taken losses. and In my head, I'm like, why am I trying to short a stock that's up 10,000% and is moving up 10% a day? So it has been difficult to like transition to more like trend following style because it makes more sense in those markets and forcing the new invasion. does. it's been i wouldn It's difficult because my brain is always like, oh oh oh, the minute looks bad. Like I'll look at the low timeframe chart on the on these assets. I'm like, ah it's looking like it should. Like if this was Bitcoin, um I would take a short. But I'm in this long position on the four hour. What do I do? What do I do? And in reality, it's best I just keep looking at the four be like, okay, let's just play it based off that. Yeah.
00:21:47
Speaker
Because Trump will tweet, oh, the war is over. And then that whole short position is blown out. So, yeah. still Still figuring out my way through stocks, to be honest.
00:21:58
Speaker
I think long only kind of makes more more sense, at least in most cases. Also because, like I don't know about you, but I had known like like i made some money or like traded stocks a bit, but I think it's very nice that you can, but i'm also because I'm so crypto-native, I like don't look at the fundamentals or anything. like I thought...
00:22:16
Speaker
Sandisk is like a Korean company for the longest time. I'm still not sure. i think it's US company. I honestly i don't even know what it does. like i' I have no idea. Just like, the chart looks good. like yeah It's the hitting the moving averages. Might as well buy Look, if you follow that strategy for like the last six months to a year, you would have done really well. am i Yeah. i mean, it just just buy it when it's this little hyperlink. Yeah. Like, shit. I think yesterday people have figured out like the Chinese stocks because I think I was reading about, I think, GLM or that Zai company. I think they make the GLM AI model 5.2. It's what it's called. GLM 5.2.
00:22:54
Speaker
Their company is up like 30% yesterday and basically they've built a model that is comparable to Fable, but as I want to say open source. Yeah. Again, I read it somewhere on social media while I was in the train or in the tram. So like, oh, that's interesting. And then I saw it is listed in crypto on GateX and, you know, those those obscure exchanges.
00:23:16
Speaker
But if I'm not mistaken, another company that's Minimax, it's another AI R&D studio but listed in China, is available on Hyperliquid. I saw that get listed a couple of days ago. I just always like look at the ticket. I really don't know what the stocks are. I think crypto has kind of destroyed my brain in like not even caring about fundamentals. and then Look, in reality, if you look at the chart and it's pointing upwards, why aren't you just longing it you know and manage your risk?
00:23:43
Speaker
Because that's kind of... There's a time and place for that. And that's currently the time and place we're in. You know, when or if that ever changes, I don't know. Try not to time that top. You change your thinking. And that's kind of what you have to be. Just quick on your feet and just, yeah, be quick on your feet. And if something changes, change with it yeah We've talked about that a bunch ah in the past already when like the Iran war first started.
00:24:07
Speaker
Everyone is kind of bearish, everyone is buying puts and and whatever and think stocks are going down and stocks have been going sideways for like half a year or something but then they only go down 10% and then people realize like hey, I don't know, the war is going back and forth, not really changing blah blah blah and then like everyone gets kind of fucked on on the way up because they're all short and and we just rally 20% higher to the all-time highs and Even though it's like kind of rational to be bearish and it can be like the Michael Burry and it's like, yeah, everything is bad. The stock stock market doesn't care. it's like It actually has a reason to like keep going up. People are buying. It's like being bought by pension funds and all of that stuff. It's not like crypto. It's just like moves around on nothing and then hopes and dreams.
00:24:47
Speaker
i think I think I think I remember when the war started, like actually before the war started, you had this thing where stocks were looking like around the top, especially like equities and Nasdaq. It really looked like around the top and everyone's like, oh, yeah, it's going down. And like when you look at something like you're like, there's a higher probability it goes down than up. And then it went down and then it went down. then the war hit it and then it went down a little bit more.
00:25:08
Speaker
And then Trump comes out of and says for the first time, he lied. This is like he genuinely did lie. We have a deal or maybe he did we have a deal. And then that shit just shot up. And I think everybody that is like a discretionary trader or actually any trader was like, oh, cool, there is a resolution, but it's now testing the underside should go down. And then we also, oh, he's lying. It should go down. Everyone's trying to short it.
00:25:31
Speaker
And then he just it just kept moving up and up and up. And then that's kind of where you saw this huge rally for like all these memory stocks and where like all of it just started. just pushing upwards and just flying higher and higher and higher. And then you have these bigger Google, Nvidia, everything is, I think they're issuing equity to buy more chips from these companies. So if you look at it from a fundamental, it's like a big loop.
00:25:57
Speaker
where people are just buying that and that. own Great Ponzi scheme. Yeah. And like, to be honest, you saw, well, I don't want to say the same thing, but I remember in early 2025, like when we were seeing that around the top, we were seeing something similar where You were seeing these data center deals were being done between NVIDIA, Oracle, CoreWeave, all this stuff. They were basically just sloshing $40 billion dollars between the three of them. Basically, NVIDIA would do a deal with OpenAI for $40 billion, and then NVIDIA would do a deal with CoreWeave or one of those data companies for $40 billion. And then they would do a deal with OpenAI for $40 billion. That's the same $40 billion. Increasing GDP.
00:26:34
Speaker
Yeah, exactly. And I don't want to say you're seeing the same thing, but you saw what that did and it led to around the top. and Did it really matter? It just went down 10% and bounced up. So hopefully we had a 10% dip so we can all, yeah, maybe a long time. I'm kind of wondering what what we talk about is what has become of us. like we're We're crypto traders, we we're k crypto natives, but we're like talking about fundamentals and real world effects and all of that while crypto is just like sitting here going to zero. What what are your thoughts on the on the current market?
00:27:05
Speaker
is um I think there is a lot of fear right now. I think most of that fear is from... I think most of that fear is from sailor-driven fear.
00:27:17
Speaker
Because basically he's launched this chat GPT created... That's actually crazy that he's like just sitting there and saying like, yeah, I came up with this through chat GPT.
00:27:28
Speaker
Look... Our financial future is in this guy's hands. That's actually like... what What are we doing here? like You know, what are we doing here? Hence, most people are a lot of people are moving the stops. But I do think there's like a lot of fear here with with Sailor.
00:27:44
Speaker
I would love for him to blow up. To be brutally honest, I would love if he somehow zeroed out, had to sell his Bitcoin through a big block trade to various different parties.
00:27:57
Speaker
I think that would be a great outcome for everybody. But I don't see that happening very easily. And if it does happen, we will go through some pain. But those are the pains that we feel at the bottom. And, you know, it's going to be shit for a while. But at the end, we will be okay, in my opinion. Do you do you have like an understanding of the the whole thingy that he's doing? Because it's again one of those things where I'm like,
00:28:20
Speaker
it's like in the background i like read about it on twitter and shit sometimes and like oh i've seen yes it's a stretch and like that obligations that aren't there until next year so he can't really blow up but maybe i don't really get it and it's like annoying guy understanding he's he has like a big triangle again another circular ponzi where he has um micro strategy stretch and his goal is to If MicroStrategy is trading above the net asset value, i don't remember the exact number, but I think it was 1.2, we can sell that to buy more Bitcoin so that the Bitcoin per share increases. But since we've entered like a bear market, that net asset value has stayed down because nobody's trying to buy MicroStrategy and Bitcoin has been down. So then he came up with Stretch where basically if it trades above 100,
00:29:11
Speaker
he has to issue or he can sell it to buy more pick Bitcoin. And the reason people want to buy stretch is because it's basically a debt obligation or a bond where you're where you can earn 11.5% dividend.
00:29:28
Speaker
But you might have to sell Bitcoin to fund that. to fund the dividends because he had a big cash reserve and the last seven months he's been blowing his load every single... basically every month to buy Bitcoin.
00:29:41
Speaker
And now we've kind of seen the first time where he's like, hey, I only have X... Like he first had a few months for dividends. and now he has less months and that that's just going lower and lower and lower because and then it reached to the point where hey why is anybody buying stretch why is buy anybody buying micro strategy because well the only way you can keep funding this is either A we're gonna buy him give him money and he buys Bitcoin or B he has to sell his Bitcoin to payout pay us out dividends. And that's kind of what the overhang or scary thing is where he's going to sell Bitcoin and everyone's like, oh, what is he going to do when he already has this year, but also in 2022?
00:30:21
Speaker
And yeah, I think that's kind of the scary part about it, where he's amassed such a big percentage of Bitcoin. where If he does decide to sell, who's going to stomach it and who's going to hold it? But from my strategy, I think on a high timeframe, that's good because like, let's say hypothetically, Saylor wants to sell between 5 to 10% of his Bitcoin right now.
00:30:45
Speaker
If he does, we're probably are going to go down, but how much down are we going to go? And how is price- I feel like that might even like take us down very far. Isn't 5 to 10% quite a lot?
00:30:57
Speaker
I think it would be about 5 billion, I feel. But that that again, im imagine similar sold five billion right now i feel like that that I'm not saying that it wouldn't i'm not saying it wouldn't send us much lower. I'm trying for me and my strategy is like, okay, let's say he's sending a little sell a couple billion.
00:31:14
Speaker
But let's also say a bunch of us retards will try and short $10 billion dollars as well because like, hey, sailor selling, what is price going to do? And that's kind of where the inflection point for me is like, hey, if someone's trying to sell, let's say 15 to 20 billion with perps and spot and price has only gone down 3%,
00:31:30
Speaker
you know those are type Those are the type of moments where I think you can bounce hard or get a good trade. Maybe not the bottom, but you can get a good trade for me because you could fade that momentum if if you're not seeing that same price impact on the on the on the chart and the DOM and whatever you want to see.
00:31:50
Speaker
Yeah, I mean, I don't know. I feel like there's quite a lot of fear right now already for him only having sold 32 Bitcoin confirmed true so far. true And we like already almost made new lows again.
00:32:02
Speaker
Like the liquidity is always kind of overestimated a bit. I mean, everyone would kind of like to buy lower, but... If Lowish shows up, is everyone going to buy? Are we really going to do it? No. Yeah.
00:32:16
Speaker
I mean, I am, but like my size is not size. i can't I can't really absorb a couple of billion Bitcoin. same i couldn't absorb it either but i think maybe right now save us please i think pitex maybe we can get tripped to buy some bitcoin for the first time in like three years maybe such maybe don't know you guys could maybe get him to buy some or or no i i can't um i can't get him to do anything i have no no power here okay so maybe he's not but look i think it's better for like speculation is great it's great planning but at the end of the day
00:32:54
Speaker
If it happens, what are we going to do? And that's kind of the motto for all traders here, especially in crypto. It's better to be a trader than an investor in this industry. What are you going to do if, when that happens? yeah If it happens, what are you going to do? When it happens, are you going to buy are you going to short? That's all that matters at the end of the day.
00:33:11
Speaker
And yeah, I don't think if you're wanting invest in it in in an industry, i think you're better off investing in in equities and AI. Like open a brokerage, interactive brokers accepts stablecoins. The process isn't the hardest, but it is a little bit time consuming because KYC and a bunch of other compliance reasons.
00:33:31
Speaker
And you can start investing on there because I don't think besides Bitcoin and hype, I don't see this as an investable industry. Yeah. I don't know if... There are some cool projects. I know I'd like to give a shout out to the extended team.
Decentralized Exchanges Potential
00:33:45
Speaker
They're cool. I've met with them once before. what what do you think about like other perp decks in general apart from MyPilliquid? Do you think they have a chance to succeed?
00:33:53
Speaker
I think they will... So the way I look at it, I'm not sure if they will succeed because what is their like moat? What is making them unique? You know, i what I will say is they will go. I think they will go up, but I think they go up because the pie gets bigger.
00:34:11
Speaker
I don't think I haven't seen anything unique. I think people are pushing variation a lot because of like they had that ah RFQ order where there's not really like an order book. But basically you can.
00:34:22
Speaker
Yeah, it's just a bunch of liquidity being connected and you get the best offer first, which sounds great. And I think TradFi also does that. Don't quote me on that. But.
00:34:33
Speaker
I've been testing like with what I've realized with Variational is it works really well for the blue chips like Bitcoin, ETH, solid hype. But if you try and market in into some like obscure like altcoin where there's minimal liquidity with even just like a five to ten thousand dollar clip, you're getting slipped one percent. And then you're like, okay, what the fuck am I doing here? And then you try. I thought it's like the point that they they have like better liquidity for everything.
00:35:01
Speaker
They have good liquidity for like, I don't even think they have the best liquidity. I'm like I've from my again, I'm not the most like data driven or even even like maybe someone else that's more like focused on the data could give you a better answer. But what I've realized, I've tried to market in ten thousand dollars on on extended. I don't get slipped as much.
00:35:22
Speaker
and I try and enter $10,000 on variational and I get slipped more. So is it really that good of liquidity? I don't think so. I think they're trying to make it better. they're still trying to onboard more and more market makers. So that's also why I'm like to test it.
00:35:38
Speaker
They're also very lenient with like listing assets. They're really trying to list assets. I do think they will launch at a very high, fully diluted value. And if we are in a good trending or good bullish environment, the price could go up or should go up.
00:35:53
Speaker
But till now, I still think hyperliquid is the best. Extended, maybe a little bit biased because I have a bigger points bag there, but I really like what they're trying to build there.
00:36:04
Speaker
I've met the team. they're not but or yeah They're good team. They're focused on building a good product. And yeah, um they are still the second best decks I've used.
00:36:18
Speaker
But yeah, I don't think there's as much hype for them. Again, I'd like to see another team succeed. If it's variational, if it's another team that I don't have points with, I just want to see people succeed in this space that are trying to build good businesses and not trying to be like extractive, only extractive.
00:36:33
Speaker
like what you guys There's definitely like room for for more than one of them. really Room? i think I still think Perp Texas will grow because if you look at it,
00:36:44
Speaker
In our space, the only things that are like, actually people want to use are like stable coins. And I don't feel like we ever got. And perps. Perps and tokenization to an extent.
00:36:56
Speaker
And with stable coins, I don't think there's ever, there wasn't like a stable coin token, like ah if you want to say governance token or a token we could invest in that went up a hundred X. Yeah.
00:37:07
Speaker
like unless you were in the in the in like a series round for a circle or you bought pre-IPO you made good money there wasn't really like a stablecoin token that perp taxes are kind of like the only thing that you can still participate that has this like from a couple years back web 3 vision where it's like yo you can own a share of the the product and don't just have to be like web 2 extraction marketing spending so like that's why i think It's pretty much the only, for now, for now, it's the only space where it makes sense to like look into and focus your time on. I do think it, I feel like people are all doing that right now. So it is feeling a little oversaturated, but what else is there to look at? I think people are trying to do something with AI and crypto and this. I'm really curious, like how how the perpdexes going to perform once TGE happens. If like the Q3, Q4 perpdex wards that are prophesized are going to occur. Yeah. I think variation is kind of nice, but they should I need them to release the API so that I need them to integrate because I really i don't like their interface. It's really, really bad, especially if you're used in a terminal. It's really like I'm not trying like shit on anyone too much. No, no, you don't. I hate I hate all the UIs, honestly, like except from Terminal because I love Terminal. Like I use Terminal for most of if not everything, only Variational I do.
00:38:32
Speaker
And yeah, I think I would like for all of them to succeed because I do think our space needs people to succeed if we want to live to see more years of this space. And yeah, I will.
00:38:43
Speaker
Yeah, it's the one industry that it's the one sector in our space that makes sense in my head. don't really see the vision. I don't see the vision for AIX crypto. I don't.
00:38:54
Speaker
I don't understand this whole AI agent. Why are we giving agents stable coins? What are they going to do? What are these clankers going to do with my money? I don't see that. I don't see if VVV as the on-chain chat CBT. maybe Maybe it is, maybe it doesn't. But yeah, I think I also have no idea what that coin does. like I made a bunch of money logging that. And then last week I learned that it should go up because Fable is private now. They have something to do with that. I don't know what is. I think that the less you know about the, like maybe maybe it's like not the same in stocks. Maybe like good there to know about fundamentals. But I feel like in crypto, the less you know about the stuff.
00:39:33
Speaker
wait Just look at the chart. Just trade a chart. you would have been better off because like i read that I basically I didn't make I didn't long and I saw it at like 1820 when it it like I just looked at the chart it looked like around the top I shorted it closed it and then I really looked into it and I saw it's basically like some on-chain chat CBT where yeah it's basically a wrapper of all these models and I'm like why the fuck is this thing up so much and worth so much shorted it and then was in profit and then basically that whole fable 5 news came up and it's basically pumped 20% and I'm like and why the fuck is this shit up? Shorted it again and you just see the news trade it's now tripping lower slowly but same with Tau Tau could be maybe cooler but at this at the end don't see the vision for AIX crypto
00:40:24
Speaker
If it changes, it changes, but I don't see it. And I think that is the one thing I will say. If you look at it from our space is divided into two sectors. You have like this VC, Silicon Valley, all these like tech nerds that are focused on like the AI side of crypto. And then you have the Shizos, the people that really use the like products in our space and they're focused on perp taxes. And yeah, I don't think you want to be on that AI side of things because they're just trying to extract as much money as possible. Probably yeah as as usual, unfortunately. Unfortunately.
00:40:59
Speaker
I want to talk a bit more about the execution since you mentioned before that it's very ah important to
Execution Techniques in Trading
00:41:06
Speaker
the way you trade. And also, when we were talking about the perpdexes, I remembered one piece of alpha or whatever, maybe. If you trade on a Perp Dex and it's kind of like a bit more illiquid, the market swarm from InSilica Terminal is actually a very useful tool to like actually get into a position without being slipped 10%. No, that was great for extended. And also I remember when we were like Hyperliquid was just getting start and lighter as well.
00:41:32
Speaker
you could easily use in Silico Swarm and you could not get slipped. You would get very good execution where you wanted it. And that is pristine. But like Variational, which I'm not trying to shit on them, doesn't have the best liquidity on, let's say, altcoins. You get slipped heavily. And that's why I also want in Silico's terminal to be on Variational so that we can use Swarm orders and just have a better UI at the end the day.
00:41:58
Speaker
what What does your execution usually look like for like getting in and out of trades? What what do you use? What order types? i but Usually ah like low timeframe, it's mostly swarm or market orders.
00:42:10
Speaker
And high timeframe, it's trying, it's T-wopping. And then sometimes it's just straight up marketing. I try and minimize limits. I think limits are mostly for high timeframe when I'm trying to be patient. But at the end of the day, I try and just market in and yeah, manage my position.
00:42:31
Speaker
Mostly I don't try and let another man fill me because we don't do that here. i do I do have like some limit orders for like spot bags. I think for that, I kind of like the scale and shit and just like putting it there. But also from like talking to so many quant people on here, it's kind of like,
00:42:49
Speaker
if If you get like limit fields, you're like probably doing something wrong. if If you're like a retail person, you're probably getting adversely selected. I remember very and this is from the FTX days because I used to trade on FTX. I used to only use limits.
00:43:04
Speaker
This is from personal experience and also speaking with other traders. If Alameda or FTX filled your limit orders, you were going to get killed. You basically, yeah that was just the standard thing there.
00:43:16
Speaker
You just, yeah, we didn't, I didn't use, like I used limits only there and I got killed and I stopped using limits and I've been killed less. So that's kind of the message I want to share. I like using limit chase. I think that's a very nice function to like get in and out a bit more quickly and save a bit on fees. And also like, um if you're like on a higher timeframe, maybe you can like wait a bit yeah to to get filled and stuff.
00:43:42
Speaker
I think on higher time frames, it's perfectly fine, especially for spot buys. Perfectly fine. there's There's just some prices that are like no brain buys. For example, if you limited sixty k on Bitcoin and like the initial January, February dump you did and took profit at like eighty k great.
00:43:59
Speaker
There's just certain levels where you can just high time frame limit in and then also limit out if it if it works for out for you. But I think if you're trading low time frame, anything intraday, I believe it's best you just mark it in.
00:44:13
Speaker
Or use... I think the problem the problem is like if if you get if you get like filled on the chase or if you get filled on the mid-allies in general, it's probably because you're getting picked off by someone that is smarter than you and then you're gonna lose money.
00:44:24
Speaker
Well, yeah, true. Unless you're like very good, maybe you're a very good, smart person yourself and then you can use the advanced tooling to your advantage, but i'm I'm not there, so... um also What I've also realized in crypto, you do not need to be the smartest. You just need to be smarter than the next dumbest person. Yeah.
00:44:42
Speaker
And you can make money that way. And there's a lot of more dumb people than you. at that And that's what I do believe in our space. I'm not the smartest person, but I do know I'm not the dumbest. So I can operate in my little circle and make money from the dumbest person and the dumber people than me.
00:45:01
Speaker
Also, sometimes you just need the conviction. you just, ah as you said at the beginning, need the the bolts to just ah enter your position. and yeah i think Yeah, I think at the end of the day, like,
00:45:13
Speaker
At the end of the day, we can analyze as much as we want. And that's the difference between that um analysts and traders. There's a lot of good and analysts because they will analyze a trade, they'll analyze a chart, they'll analyze ah data as much as they want. But at the end of the day you have to click that red or green button.
00:45:29
Speaker
And if you don't click that red button or that green button, you're not going to make money unless you sell course, of course. And analyzing is quite easy. Execution is really the the hard part. Sometimes I like i like see people on TikTok. That's actually very very funny. You know, there's like sometimes there's like these old I don't know, old German people or like old people in general that are like trading and then they're just like, show you, like really basically like they they're filming there their screen with their phone and then they're like, yeah, this is like the the market structure. It's like high highs and high lows and that. And you're just like, or some even teach their children and stuff like that. Like even even fucking children can understand.
00:46:06
Speaker
Yeah, no, but i think mark it's really i don't remember who it was. But someone based I don't remember. I remember very clearly in Twitter and it shot like a light bulb in my head. It was like you can learn the analysis of trading in like three months, basically. But the execution and psychology of it takes years. If not, you will never learn it. yeah that's that That's kind of it for training. You can study and analyze as much as you want. But at the end of the day, if you're not trading real money or taking real positions,
00:46:38
Speaker
you're never going to really learn or you're never going to really like, yeah, make money. a And that's what at the end of the day, that's why we're here.
00:46:49
Speaker
What do you think ah it keeps people from doing that? It's kind of like a bit easier to just post. yeah Of course, it's so much easier. Nice charts on on Twitter and like look cool. And what's stopping people from following that? I think it's again, fear of losing money because Like what I've realized for trading for me was i will like, let's say that's what's happened to me more specifically right now. I'll do well.
00:47:15
Speaker
or do good enough to the point where i'm like, hey, I'm very happy. And then maybe the market's slowing down or I'm not seeing something that I want to be seeing into the charts or market. I'm not taking following my strategy. So I'm then going to force something because I'm seeing friends or people or just about anybody make money. And I try and force something. And then I lose money because I'm not following my strategy.
00:47:32
Speaker
yeah And then I lost money. I'm like, fuck, I need to make that back. Okay. um I see something brewing, but... Maybe it goes against me and then you force and you keep forcing it and it just becomes like a ah cycle of doom at the end of the day where just forcing and forcing and forcing.
Psychology of Trading
00:47:47
Speaker
Where, yeah, you the best, like you said it yourself, the best position in a discretionary trader is just doing nothing and waiting. And I think it's just harder said than done because of psychology. We are humans at the end of the day and emotions influence and affect us so much so into the end of the day.
00:48:10
Speaker
What do you think here about the hype right now as as we're getting dragged down by by Bitcoin into new lows and probably everything? Hype is strong but has made the 9-11 double tower pattern as shown by associate Sylph.
00:48:26
Speaker
Thanks for flying, what's his name? Syphilis? Sisyphus. Thanks for Sisyphus or Are we to see again anytime soon The one thing like I can say from hype is that I also don't mind being honest. I did not expect us to to to trade the way it is. In my head, it was a crypto asset that is going to follow a bear market and you will get to buy some bottoms in your hopefully 10, 20. That was my plan. right And then I remember very clearly I had my first limit buy at $20 because it hit or $25 because it hit that. I'm like, oh, that's a pretty good place to buy.
00:49:09
Speaker
And then I bought a little bit, but I sold it because I'm like, oh, shit, it's pumping. Let me just get out at this high time frame level. And I've only made money on it from just perps, never really good spot buys. But I think, yeah, you just have to.
00:49:23
Speaker
This is the one asset, in my opinion, where you can map out some levels that you find interesting and just blind buy over there. Because in my opinion and in my head, if this asset fails, we're doomed.
00:49:36
Speaker
Or we're doomed till the next thing because it's the one asset in the space currently, hopefully more will come, where that is a profitable business.
00:49:48
Speaker
We as an industry can buy because the other profitable businesses like Deather, we cannot own. And on top of that, it's not diluted by VCs.
00:49:59
Speaker
And then if you want to take it a step further, people outside of crypto also find it interesting. Yeah. So at the end, like it's one of those assets where, yeah you want to own it and yeah well, yeah, you want it to succeed because it's everything crypto was meant to be. Anybody can trade on there. No KYC permissionless and it works well.
00:50:25
Speaker
And that's kind of what we all want. I guess HRP3 kind of saved it because I think it would have made a lot more sense to trade like ah another altcoin if it's just like normal cycle and everything is going down. Because obviously the exchange volumes go down as well. But then you could also trade commodities at first like gold, silver, oil, stocks now. yeah so I think that's still useful.
00:50:46
Speaker
yeah I don't know, like every every time you think, oh, the narrative for like Hyperliquid is dying, where first it was commodities, like you said, gold, silver, and that rush happened.
00:50:56
Speaker
And next it was like tech stocks right after the war. And that happened and that pushed it up. And right now we're having like pre-IPO. People are trying to trade pre-IPO at SpaceX and stuff like that. That's happening.
00:51:07
Speaker
I think the next one might be like, I know the guys that trade XYZ are trying to list more Asian-focused stocks or other like type of like country stocks. that might be the next thing i do not know what the next thing is but i do know they have a good team that is trying to innovate and do cool things and good things and yeah at the end of the day they're just the best team in this space because and it's not that very high of a barrier in this space because yeah have these things save like yeah so yeah i i don't know what yeah most teams are just trying to extract in the space like we look at ccash for example they're just
00:51:46
Speaker
I think my opinion should be very from the someone, shit it down the someone replied me like, don't so hard. People are really right But I had to bit a a bit bit a bit of bit a a of bit a a bit of of of of bit a bit a a of bit of of a bit bit bit a a a bit a bit of a of bit a bit bit a bit a bit a bit of bit of bit bit bit of bit bit bit of a bit of a bit bit a of of of of of bit of a bit bit a bit of bit bit a of of
00:52:20
Speaker
do you trade them? Do you find them interesting? um I've never been the fan of prediction markets. I don't know. I don't like Polymarket or use it little bit. Don't like Call Sheet. Don't like prediction markets that much. Not been the biggest fan of it. I think they're just sports betting with like a little bit more difficulty. i do think they're going to be bringing like parlays to these prediction markets. So that might make it interesting for their retail and normie friendly people. HIP4 I've tried using it with the World Cup. Like, you know, I bought a little bit of, for example, when... um Who was playing again? I think...
00:52:57
Speaker
and It was Netherlands versus Japan, and Japan was like down 2-1. I'm like, ah let me buy a little bit of it just for the for the fucks of it. It looked like they were going to score, and they scored, and it shot up. but yeah I'm not the biggest fan of prediction markets. It is another sector in our space that has caught the eyes of many. but yeah It just seems like sportsivity sports betting. Sports betting and politics has been the only two use cases of it for now.
00:53:24
Speaker
I don't think people are trying to do... What was it they were trying to do? They were trying to do like 15 or 5 minute markets on these prediction markets. And I'm like, what the fuck are you doing? Just go scalp a chart or something like that. like It doesn't make sense. that The up or down market. It never made sense to me.
00:53:42
Speaker
But i like yeah, if i could say something from prediction markets, they could do. I know FTX did it or maybe this exchange should do it. But FTX had the move markets.
00:53:53
Speaker
Those were really cool, in my opinion, or great for weekend trades. Yeah. I'd love for an exchange or a prediction market to bring that. If they do bring that, I will use it, hopefully, because in the past it worked fantastic. But it might have been just because SPF and Alameda were pinning Bitcoin between the $200 range. There must probably be like some crime involved in in like making them because why has no one done it since then? and Because everyone liked them. like Many people say that they really liked it, but probably it's like very difficult to hedge and not blow I think it is difficult to hedge and there was probably some crime into it because I don't know if you remember correctly or if I remember correctly, When it was Saturday and Sunday in Bitcoin, it literally operated the same for like weeks on end, where Saturday was literally like a $100 to $200 range.
00:54:40
Speaker
And you would basically buy the move contract or sell the move contract on yeah Thursday or Friday. And then you would make sure you sell before Sunday afternoon or Sunday evening, because Sunday evening you would get like a FUTZ open or pre-FUTZ open push, pump, dump, whatever.
00:54:57
Speaker
And basically that was a strategy. and I do think you're right. Nobody's made it because it is difficult to hedge and some crime was involved because they were literally pinning the market for $100 each.
00:55:09
Speaker
I kind of thought about like ah making a new thing now while the World Cup is on where ask like every guest who they think is going to win. But then I realized while thinking about it, it's going to dox everyone's location. Like where I from? so I don't think it dox my location because I'm not really like, I'm not the biggest football fan to be honest. I will watch it. I do enjoy it because I'm with friends or watch with family or whatever.
00:55:30
Speaker
But if I had to say someone to win it, it would be... under I think France and Germany have the best shot of winning it. Okay, okay, okay. I like it. but like i really I think the Germans play really well football. I really think they play really well. Really strategic. I like it.
00:55:47
Speaker
I think and yeah having think one of those two. I think people are saying Portugal, but I don't think they're that good. but i Not really. it no i don't think that's also that's that's of I definitely Germany i think it's i like I like the way they play.
00:56:03
Speaker
When I watched them play against Curacao and they literally bent them over, I thought the way they played was like, that's how you should play football. is yeah slow it Strategically, you know keep passing the ball and just yeah keep applying pressure. and At the end of the day, they just destroyed them.
00:56:22
Speaker
As we should. is there Is there anything else ah that that you want to mention? Anything else you want to talk about or some like wisdom and advice to to to give to people?
Advice for Crypto Newcomers
00:56:31
Speaker
I don't know if there's actually people joining this space like right now. Maybe you could give like a better. I don't know. That's a good question actually. I think there's. There's probably always people joining in every online community. Maybe it's sometimes lot more at once, but some people are always... think anybody joining the space and seeing the industry, if you join in the bear market, I think if you stay for the good times, you can be rewarded well.
00:56:58
Speaker
um The one advice I would say, and I think I try and apply it to myself, is when you're, and I call this a big game, when you're playing this big game that we have here called crypto, there's pretty much four outcomes, in my opinion. You can either win big, win small, lose big or lose small. The only thing you need to do or make sure of is you don't lose big.
00:57:20
Speaker
And if you don't lose big, you should be good and hopefully be fruitful in this space. And yeah, for anybody joining the space, don't be an asshole and don't try and just be an extractive because we do not need of that. We already have too many of those people.
00:57:33
Speaker
Real. Yeah. Try and be optimistic. Yeah. Just try and be optimistic. Thank you very much for for coming on. Thank you for having me on. I've been a big fan. This is actually my favorite podcast. yeah I love Terminal.
00:57:48
Speaker
In Silico, Bunker, Terminal, always been a big, like positive change in my life. And yeah, I'm going to go ahead and keep using it and hope you guys also succeed. You guys are also a team, in my opinion, the guys at In Silico Terminal that are trying to better the space, not be extractive, offer free product basically to all of us.
00:58:08
Speaker
And yeah, I hope more teams should be like you guys, in my opinion. We're trying our best. so And you guys are doing a great job. I'm rooting for you guys as well. Rooting for you guys. Thank you very much Awesome.