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Of the morning mint and I this is not your normal episode we’re very underprepared and very underexposed to markets and I’m going to rain about at this morning um GM to everybody we have a lot going on and it you it’s simple it’s up only season prices are going up
Everywhere Nares are going up sentiment is going up friend Tech going up um yeah that’s how much things are going up only um got a pack show of a couple of highlights but mostly it’s going to be me giving some thoughts as we are at the at the middle in the intersection of
Things getting really crazy um as I talk ethereum and Bitcoin approaching both not only local market Highs but alltime highs for Bitcoin almost on the doorstep um yeah it it’s crazy absolutely crazy guys I’m so glad to be back let’s do another show let’s hop right into things
Um GM Noah good to see you very simple like I said ethereum Bitcoin salana the entire Market pretty much ripping upwards um and I will say that we are truly now in what I would call a bull market anybody who says this is in a bull market needs to get slapped
Silly um I think that there is an argument for has retail arrived and I think that’s still the answer to that is still no um ethereum currently sitting at just under 3,400 I mean look at these look at these candles um last night going to bed with this sitting uh if you
Went to bed this was sitting down to the 3300s and overnight obviously making these big moves up um Bitcoin having some absolute God candle level movement uh starting this morning around uh oh okay well this is around midnight so we had that first move um and now we’re all
The way up to almost $62,000 just $2,000 off of their all-time highs now I can look through the entire alt market right now and tell you everything is moving Doge finally had uh its pop off and we are expecting to see this uh catch up with the
Laggards I know a lot of attention continues to rotate into run um haven’t seen those moves yet but MOG an incredible standout moment for MOG as again the mem coin Market has a really really heated up um run continues to pull up as we see more and more people
Looking for exposure into frictionless liquid and swapping with uh Bitcoin as we see more Bitcoin unlock narrative uh develop um and then obviously with how we are approaching uh the blast event in just 24 hours blur starting to move here um Lots going on in the coin market now the
Coin Market isn’t the only Market that we’re seeing things pop off on the nft market volumes have still continued to increase we are seeing certain floors really p the my ladies uh as we mentioned yesterday with that 600 eth binance uh sweep or at least the 600 eth
Uh funded wallet from binance and they started sweeping I think they spent about half of that yesterday um pudgy penguins are are knocking on the door of 20 eth again 4at Club sitting really steady at at just around 23 eth they really haven’t moved between um 21 and
You know 22 and 23 it’s just been in this really really solid spot moonbird continue to pull back as people realize they are still moonbird um no hate there love love the art uh sappy seals are pulling back just a little bit as well I
Think I think we’re in a moment where a lot of people are seeing you know Bitcoin ethereum they’re looking at salana and saying hey that’s lagging they’re looking at they’re looking at optionality there’s there again when you put money into an illiquid asset like an nft understand that there’s an
Opportunity cost to doing that um we’re going to see incredible incredible opportunity on the liquid market so ethereum Bitcoin Etc where you can make multiples and because you can use leverage you can really really really take that and push it to the limits um I I think that obviously that we’re going
To start to see some of the nft market have some true weakness as we see ethereum and Bitcoin go parabolic as if there is a pullback moment you probably will see some of that rotate into other areas nfts will get that but right now um it is almost negative EV to
Be in some of these positions I’ll highlight one Doodles has since the beginning of this huge rip um has fallen from its like 3 and a half eth High uh it keeps kind of just pulling back little by little um and while that’s happening ethereum’s going up but it’s
Not outpacing this daily change which it’s losing like 10% a day um and so unless Doodles really do something unless they get the narrative back this is a this is a negative EV position to be in um really like I’m still off of grounds in my position here and I I have
Made profit but you know it it is getting to that point where I’m like hey I’ve got a bunch of Doodles like should I rotate one out go make some money I can rotate back in if I double that up and buy two um wck guy same thing um a
Lot of people they are buying for one eth obviously there’s sell pressure and I bet you there’s this there’s two ways to look at this if you have a large bag you’re in profit you can rotate out um and then if you’re on the sidelines looking for take profits from where
You’re trading and find opportunity within the nft market and do a leverage play on that underlying asset that’s totally fine but two ways to think about it the way I’m thinking about things is i’ I’ve basically have an allocation I’m not buying any more nfts uh if I do buy
An nft means I need to sell one um and then I have a allocation between like private equity and Venture Capital Market Market retirement accounts Etc I stick to those and if anything starts to get out of won or unbalance then I make adjustments to that um also notable in
The nfts market magic Eden finally with their ethereum Marketplace it was nice to check this out it’s the same if you’ve been using magic Eden for uh salana or Bitcoin trading this was very very similar same thing um expecting more customization around those marketplaces and the way they present
The data um but yes Magic Eden absolutely just crushing it um it’s hard to it’s hard to get through the fact that they’ve acquired so many projects onto the platform as they’re like singular Partners um I am I’m I am interested to see how this plays out
Over time it does feel like they’ve kind of smacked uh they’ve smacked around openc and now blur is probably looking at them a little bit um and I would assume that we are going to see some sort of clash of the marketplaces this cycle especially as coin b or coinbase
And all these others are like okay like we F this is what we did wrong last cycle let’s get it right this one um and so I think with that said uh if we do I I still think openc is doing a token um and again guys this show today’s show um
And apologies for this is kind of going to be all over the place youve questions comment ments Etc drop them in the the chat I I can see them all um but I will say this I do think we’re getting openc token I do think that it’ll happen
Probably within the next three to four months I don’t see it happening on the second half of the year I do think it’s like middle of the summer type thing um I’ve talked to enough people and I’ve I’ve chatted with enough people where it makes sense and open C really is going
To have to do something to pull back in uh users and to get profit and revenues in um and I do think that we’re also going to see a lot of that fighting with blast launching a lot of people trying to pull in users there and it’s going to
Become a whole crazy show the end of the game kind of story though is you as a user if you are constantly trading nfts and you’re buying and launching projects Etc there will be an ample opportunity for you because all of these will be incentivized by volume and loyalty Etc
Um and I do think that we’re kind of heading to that almost like Credit Card Wars uh part of the cycle where all these all they’re all going to be competing with each other very similar offers it’s going to be those like what are the benefits and like what are the
Um like what lounges do they get you into type things that I think we start to see um but yes keep that in your mind magic Eden uh ethereum trading is live magic Eden Bitcoin and ordinal Market Market absolutely on fire um obviously if you’re going to be trading this is
The place to be doing it for ordinals uh Quantum cats at. 26 which is absolutely insane to me the puppets at .16 and then we have no monkeys at just under point4 obviously these all were in a very very strict consolidation Zone they’ve moved up um I again it’s it’s
Staring you all right in the face Bitcoin is going to be like The Golden Child of the cycle it’s going to be the top of the Nar of it’s going to be the largest unlock of capital that has been on the sidelines and it’s going to be
The the largest I think activity um for like defi summer 2.0 as we do see l2s and these different dexes launching on the Bitcoin blockchain and we also start to see Omni chain and cross chain compatibility really really ramp up so I do think that a lot of the Bitcoin
People who sat on the sidelines and had to go into eth um are now kind of like bolstering and being like yeah you guys the the the board Apes pudgy penguins like we’ve got node monkeys we’ve got the puppets you’ve got crypto dick butts we’ve got the puppets you got Cool
Cats you got Moon cats we’ve got Quantum cats it’s you know it really is like down to being that simple um I will point out something on top of that on the oral Market which is that yesterday we had an all-time high sale of 24.4 a Bitcoin for inscription number
Two um absolutely crazy that works out to just about $1.4 million um this is inscription number two as you can see on the magic Eden this is uh now kind of Spawn this whole Meme and and collection around the Bitcoin Budgy um but this does again confirm that narrative around people
Want the Bitcoin original art they want that Providence they want you know the lowest number I do think that this is probably true in this case of the lower number being more significant for these ordinal sets um I agree with that there in some cases where it’s like oh I
Minted board ape number like 20 so it should be more valuable nope that’s not how it works uh in some cases it is it is I think a great Market to go study and understand and try to try to realize what I’m trying to say here is the
Sports card trading industry like the number one first sports card or baseball card that ever launched is not the most valuable it’s the one with the you know the best story the rarest one etc those are the ones that we do see trading for the highest you got to go study these
Comparable Collectibles markets uh and other different cycles and Trends and different Industries you can make those uh anal you can interpolate between the two and then basically understand if your trading thesis or somebody else’s trading thesis makes sense in this case I think this one makes sense it should
Play out well for them I am expecting this to be a decent multiple return on that 24 eth purchase now profits are really great up only is really great but I’m gonna I’m GNA be the bad guy here you’re all going to hate me okay I’m
Gonna say it but you have to think about selling I can’t even say if a straight face um you do need to think about selling and you do need to make some notes on like I literally like make notes stick them on the wall like when you take a screenshot when you
Start looking at rox’s when you pull up bring a trailer and you start looking at GT3 rs’s it’s time to take a little profit um I know chat does not like this chat really does not like this um it’s it’s pretty simple um I think it’s
Really easy to get lost in the sauce and really overzealous when the charts are all green and you’re joking about like holy like we just made like $100,000 in a weekend um I think I think you have to understand that we just went 18 months 24 months of just pure
Pain and there are still opportunities to you know throw some leverage and make 100% in 24 hours um but you do need to be thinking about your exit plan the entry plan and seeing those numbers go up is is amazing and fun it took a lot
Of work but it also does take a lot of work to pull out and sell so um obviously if you’ve loaded up on Portal as much fun as it’s going to be to see that rip and go crazy I do think you need to sell and have a sell plan in
Place and you should have like like 10 different like plans for oh if this happens I do this and you stick to it the worst thing you could do is get into the the selling sign and be like well this feels I like I was going to do
This and that is happening but like my gut’s saying differently you got to stick to it um CK here uh from Staats basically putting it pretty straight putting it pretty straight up is showed my wife my p&l which means I automatically have to take profit that’s
The rule yep I took a screenshot of a trade the other day sent it to a group chat of of friends I took profit on that I took about 25% of that uh allocation sold it um felt good took a lot of my initial Capital out um but that’s that’s
That’s it the second start doing screenshots Etc that’s a great sign to take some profit um o shiny also chiming in on this this morning saying you DCA into your position over the last two years you better be dcing out of it again I’m so sorry I know I’m killing
The Vibes I know this is up only season and it’s we’re higher and everything’s up but again it is important to take those profits it’s also important as some of these things are ripping up to understand if there are other opportunities out there that you can
Pull out of and and move into those um and I and the number one thing on top of everything is when you do sell understand your tax liability um you should be under tracking this in some sense there are different pieces of software out there crypto tax calculator
Is a good one um I do know a lot of the top firms in the country using that but an Excel spreadsheet will get you 95% of the way there if you have the patience and discipline to write down every transaction um and you’re not doing like
High if you’re doing like a couple thousand transactions a year that might not be the most sense um but if you are like hey Hunter I only have like you know 200 300 transactions a year I’m cool to like once a day or twice or
Three times a day put that in and I can quickly understand my liability um that’s wonderful a lot of you though are going to make the dangerous mistake of hey I just had a five fig airdrop come in I’m going to throw it into the shitcoin um and it goes a zero okay
Maybe not everybody’s going to do that but some of you are um you still owe there’s depending on your accountant and what tax uh policy you’re following um there are different ways you can approach that in some cases that that airdrop could be just zero dollar
Dollars when you got it and then when you swapped it there’s a capital gain there or it could be income on the original money that came in again contact your CPA there are two different views on that but you need to understand like that air drop and you know
Obviously poral being the most uh Paramount as well as blast but those air drops that come in are tax liabilities understand that you know 20 to 50% of that however crazy and conservative you want to be um there are taxes due on that in some sense and losing that and
That going to zero is not going to eliminate well it could adjust it a little bit but but you have to understand that there are taxes due on that and be ready and prepared for that um okay I’m going to stop being lame here and again sorry this is not
The normal show I feel like this week’s been all over the place I am leaving for Denver in the morning so if you are in Denver let’s hang out also the show’s going to be a little different tomorrow morning um it might just be a video or
I’m going to record it on the plane in front of everybody um haven’t decided I feel like the one on the plane would be way more fun and everybody can hear me scream about how hard I’m blasting and portaling um I want to highlight this portal chart from our very own Dylan
Orel if you want to check this out can just search d y o RR I forgot how to spell my last name um it’s dor on Dune analytics d.com d y l o r r um you can go and check out what the current uh landscape for portal looks like right
Now we are sitting at just under1 billion dollar staked we do have the binance launch poll and we do have the token going live for trading tomorrow um currently the high bid and low ask is putting this and pricing this just over $3 um which is insane to me uh I think
We are going to see again fireworks absolute craziness record break volume record breaking profits record breaking air like this is it this is like the the real moment of the the start of the bull market we all look back and be like Oh remember when um oh oh I’m hearing that
Eth is blowing past 3400 yeah I mean this is going to be look it’s not going to stop and I like I will take your your grace at the morning mint coming back has done this um I actually calculated since the morning mint came back we are up and I I’ll show you
Guys her proof since the morning mint came back and we actually started on the 30th since the morning mint has come back we are up 50% so I will not stop I will never stop doing these videos because yes I am the ultimate Buy Signal um but yes keep your
Attention on Portal um time’s running out there isn’t really anything that do at this point besides if you’ve if you’ve purchased the pre-sale or you’re a seed investor have a sell strategy if you are looking to trade and buy understand that this is going to be very
Volatile um have a instead of having like a hey this is what I’m doing the first 30 seconds I’m going to try to trade and make you know whatever I would try to plan this in like hey I’m going to look for X entry around this price
And I I’m making a bet where I’m I think X Y and Z will come true we see the price go to this over the first first 24 or 48 Hours um I think it’s pretty easy to go study what other launch uh binance launch pool uh tokens have done I think
It’s also easy to go see what other airdrops have done um especially ones that are the largest so go check that out um also this is really just been a really good dashboard to check out so thank you Dylan for making that as I said the whales market and the
Pre-market pricing this just over $3 currently on wales. Market we are seeing a 3.1 3.31 uh bottom price oh my god um and we are still expecting this volume and this demand to increase as we get into those Final hours um it doesn’t look like a
Lot of people are Jing out at this point does looked like a lot of people have been convinced that things are coming back we’re expecting more volume um so yes currently sitting at $3.31 uh it’s been crazy the no the number of volumes so far in the
Pre-market has been 6.1 million which is kind of kind of nuts um if you look at other stuff like runstone and um uh Wormhole and other things that are incredibly incredibly hyped and expect to be massive they’re not even close to in comparison so again the attention is on blast the attention
Is on Portal both happening at the the same time tomorrow um and really it’s going to be CRA it’s just going to be mad Madness and craziness I will say this we do have portal also going live tomorrow the five things that I would be looking at are fantasy
Top uh Thruster juice um YOLO on the gamble fi side and am I missing one probably um those are definitely the top four and I think that covers like the farming liquidity Point Side and being able to get yield uh the deck side the social F side the gamble F side um I
Really do think on the token and meme coin side pump yes if you’re a based person in here who knows the what I’m talking about yes coin um very bullish there very bullish on Baseline as well um and you’ll have to understand why yes token is going to be so interesting
Because of the way baselines liquidity and ction Works um and then I think blasto is very interesting understand also that if you’re holding a nft project that is getting an air drop expect some shakiness within that floor you’re going to see a lot of people make a claim and then absolutely just throw
That that nft to the the to the lowest bid so you could have uh either buying opportunities if you want or you could see uh while you’re getting an aird drop you could enter into a negative uh position on that trade of buying the nft airdrop selling the nft as those floors
Do get cell pressure um there will be cell pressure tomorrow understand that that’s I think the big key is where is the largest cell pressure and the least amount of demand and how is that going to affect you personally um that’s just how I’m approaching things um I think
That’s pretty much it there’s questions let me know um it’s really it’s really good that we’re seeing more and more buying demand I think tomorrow uh I’m going to try to act normal especially as portal goes off um again seed investor portal a seed investor and a bunch of
Blast companies ex really excited for them um and hopefully we can get for the 555 people uh some neat Alex positions and hopefully some juice and some other stuff that I’m working on Zach GM good to see you doing good amazing day very excited also um just on a personal note
Uh I am so I’m going to Denver I’m going to be in New York coming up here and then I’m back in the UK in a couple of weeks so if you are a UK listener I know we had some people from Crawley Town listening uh yesterday morning I got a
Bunch of text um let me know I will take care of you we’ll go get some drinks at the pub but I will be back in the UK in a couple weeks very excited for that um everybody thank you for tuning in again this is this has been good
No no nothing bad has happen since the morning men has come back um Jes aside enjoy your mornings enjoy your days we’ll catch you in the next one peace