Crypto Is A Bloodbath
Dumb Money w/ Matt Kohrs
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Foreign, oh today sucks it's a red one: uh hey, i guess you're actually having a great day if you're against the crypto market against the equities market. But man, oh man, it's it's a bloodbath folks. It's it's a little bit of a brutal one out there. So i want to get into some of the specifics obviously related to crypto.

Here i want to show you what's going on from a technical perspective. I have some important updates for the whole crypto sphere and then maybe we'll do a little bit of charting and some breakdowns of identifying levels of support to maybe either lock in your short profits or maybe to attempt to buy the dip with as minimal risk. As we could possibly find, but this is brutal - this is absolutely the markets, the crypto market, the equities market - they are getting. Their balls, kicked right back up into their pelvis this.

This is something and we'll be getting into. Why we're going to be talking? Yes about earnings, but also we have to get into a little bit of a conversation about the fed and hey. I don't want to be that guy who's like wearing a gap, daddy shirt, telling all of you that i told you so to expect more and more volatility, not only because of earnings but because of the fed, but hey look at that there. I am rocking the gap, daddy shirt and i'm gon na be here and tell you dude, dude, dude and duties.

I warned you about this and that's why you always always have to have a training plan, but before we get into maybe a little bit more of a useful discussion of how to formulate said trading plans and these levels of support and resistance. And what in the world is going on in all this insanity quickly, uh shout out to today's stream sponsor i'm talking about ftx. If you haven't already just sign up for them, blockfolio's their phone app, it's pinned to the top of chat. The code is crypto cores.

They also have a us version, an international version, so, if you're looking to buy this dip, if you're looking at a dollar cost average in the world of crypto. Well, that's where you want to be. You definitely want to be seeing what's going on in ftx, because it seems like legitimately every single week. They are expanding into another new world and i'm particularly excited about their partnership with iex, because i think both of those companies together could hopefully alleviate some of these crazy, crazy issues that we see in the world of trading not only cryptos but equities, and that's obviously, In reference to market makers and these dark pools and that type of thing, but i think the tracking nature of a ledger in the world of crypto - and we know what's going on and who owns what and now the fact that they are partnered up with iex.

One of the lit exchanges that i trust, 100 uh. I love love to see that they were smart enough to call out that partnership and to do what needed to be done. So once again shout out to ftx pin to the top of chat in the description of the video and without further ado, welcome to the bloodbath, it's red, it's very, very red. It's super super red uh.
Recently, bitcoin has sold off from 48 000 all the way down to 38 000 losing about 20. In about a month. We are coming up to a key level of support between 37 and 38 000 right here, i'll, be watching that and then i'm going to watch this area around 34 5 and then, if things get really bad, we could watch around 33. if we get bitcoin in The realm of 30 to 32k.

I cannot articulate enough how strong of a buying opportunity. I think that is once again between 30 and 32 and then i'll watch again a little bit at 28 a little bit at 25, but i think that would be a great opportunity. I don't know if we're gon na get there, but if we do this guy right here, the gap daddy shirt wearing guy will 100 be dollar cost averaging. Why is this all happening? Well, we know there's a strong, strong correlation right now between crypto, especially the major cryptos bitcoin and ethereum, and the overall market, the s p 500.

The nasdaq 100. Look at what i have in front of you. That's today's intraday chart the five-minute chart. It's all bleeding together, there's a very, very high correlation at this moment in time, and the reason we're seeing everything bleed is there's a little bit of concerns of some of the major announcements, the earnings announcements that are about to come out this week.

If you're watching this in real time on tuesday april 26th after the market closes, today, we have microsoft, we have google, we have gm and then, throughout the rest of the week, we still have major other players such as southwest such as apple such as amazon, such As whatever look them up, there's a lot, there's a lot of ones and now there's kind of concerns that maybe some of these big tech plays are actually not going to be beating on the corner. Obviously time will tell it's easy to have hindsight bias. It's easy to be a monday morning, quarterback, but that's what's going on on top of that next week. If you don't have a big red block around wednesday may 4th, i don't know what you're doing, because for all intents and purposes that's d day for us that's the day we get the next piece of updates and commentary from the federal reserve.

The fed will have its fomc meeting on starting on tuesday, the third it goes into wednesday, the fourth we get the results at 2 p.m, and then powell, the chairman, will be speaking at 2 30 and it's all what you're seeing right now. Yes, are there concerns about earnings 100, but it's more about there's gon na just be a crazy, hawkish fed, that's where the real concerns are and when you have a very hawkish fed. Yes, that helps battle inflation, but the flip side of it is. It makes money more expensive if money is more expensive.

That means you're hampering business growth. When you hamper business growth, you get a bloodbath in the markets. That's the like kind of layman's connection terms that i could draw for you here and obviously, if you have questions on it, we can get more into the specifics. But that's why you're seeing the equities like they're just teeth, are getting kicked in you're, seeing a bunch of money come out of the world of high risk high growth investments, that's where money leaves first so you're seeing the spy which is dominated by strong tech plays The queues come down, and obviously, at this moment in time, crypto is very much viewed to be as a higher risk higher reward investment, so money is leaving that as well.
Hence, why we're seeing such a strong correlation, especially over the past couple months. So this is what we're seeing between the equities world and the crypto world, but now more specifically in the crypto world kind of going to the four hour chart you're, seeing the correlation that everything has with bitcoin ethereum and bitcoin. Looking very similar, i have a special story on ethereum for you today about actually where some of the money's going that's like particularly lose like leaving ethereum doge yesterday on the whole elon twitter news had a great 25 rally, but now that's also coming down solana very Similar to the world of bitcoin and ethereum, at least at this moment, so that's kind of your general breakdown. To give you a little bit more of the specific numbers, the market cap of the crypto sphere.

It is dropping recently not that long ago, two three weeks ago, it was above 2 trillion now we're down to 1.78 trillion in terms of my crypto bubbles. Here, there's only a couple: green ones, i mean apecoin. A coin. Remember, that's related to board api club, but we talk about that.

No relation to amc or gme whatsoever, but remember there is that, like that amc token thing which, in my humble opinion, just my opinion, no one sue me. It looks like a complete and utter scam. I believe we're gon na attempt to hawk that to people this week, if you're in the world of amc and those apes like the equity market apes, not the crypto market apes, the equity market apes. If you're.

Looking at this amc token thing, it looks super super stuss like i will not be touching it. That's. Obviously my own opinion do what you want with your own money over the past 24 hours. As you saw it's pretty rough, it's just it's a sea of red.

In the past 24 hours in the past week, and that's exactly why we're seeing the market cap come down. Obviously all this stuff can change on a moment's notice, but for there to be a proverbial moment that could do it yeah. It might come from a big earning surprise such as the likes of microsoft, such as, which is today or maybe later this week, like apple or amazon, or i think those are all legitimate. They all have potential to have a huge impact on the market, whether very green or very red, and then the next one.
After that, we have more earnings next week, but obviously we're going to be watching the federal reserve on wednesday when in doubt, though, zoom out, understand why you are an employee. Are you in it for an active trade or are you in it for a long-term investment? I have stocks that it doesn't matter what it does. I'm a long-term investor. I don't really actively trade, let's say, for example, tesla stock, which i know is getting it also murked right now, i'm a long-term investor in it, sometimes i'll actively trade options.

But in terms of the stock itself, i just bought some and i'm gon na sit on that. I bought it whatever and i'll dollar across average. What i want, but i just sit and sit and sit, and that's how i view a handful of equities such as microsoft's another good one, apple's another good one, uh good examples that i just bought them and i'm. My only plan is to just sit and acquire more.

If i want more pretty much all of my crypto outlook is that exact same thing. So when we talk about the big view of where things are going, especially on red days like this, that can obviously invoke a special emotional response, a negative one, albeit unless of course you're shorting. Then today you have the biggest big old, grin on your face, which congratulations to you. You took a risk it paid off.

I do congratulate you, but with bitcoin and crypto as a whole to me, it's it's just easy. It's holding if it goes cheaper, i buy more, but it's like it's such an easy diamond handed play, because i just fully believe in what this represents for humanity for world governments for world banks. I think we need something like bitcoin uh. So, for me, that's what gives me my conviction in long-term holding uh when it comes to crypto i've.

I've transferred some crypto from one to another other than that i really haven't really touched it. I just sit and sit and sit definitely have not sold any of it. 11 years ago today, satoshi nakamoto sent his final message then disappeared from bitcoin forever. I very very much like the mystique he was able to build up bitcoin core 23 is released.

This came out yesterday. I just want to give you a little bit of the tldr version like the headlines of what's going on here. Bitcoin core 23 was worked on by 132 developers over about seven months to bring tangible improvements to bitcoin, core's wallet, peer-to-peer communication and network fee estimation, and much more so just generally got a little bit stronger and that once again went out yesterday. Let's talk a little bit about mining hash rate and an interesting town in the great lone star state of texas that might be on the forefront of mining.

Bitcoin hash rate is up 23 year-over-year. If you don't know what hash rate is it's basically, the cumulative total amount of processing power, that is in the world of bitcoin network and remember, mining, is used for the consensus mechanism, basically a very technically complex way to keep the ledger, updated and secure and energy Usage is down 25, so hash rate up more and more people are providing power to do more and more mining up 23 energy usage down, and this is coming from the bitcoin mining council. It just sounds all so official surveys, bitcoin mining efficiency, increased by 63 percent year over year. The reason i'm bringing these two things up is because a lot of the rhetoric that you see especially on mainstream media, is how incredibly bad bitcoin mining is for the world.
In reality, could it be improved yes, but is it getting more efficient? Is it getting better from a technological perspective? Is it helping to stabilize energy grids 100? That doesn't mean we shouldn't stop getting in the direction and really stumbling in the direction of net zero impact? On the environment, i would love for that to happen. You got to start somewhere and as long as you're progressing in the right way. That is what i'm a fan of. So let's talk about fort worth fort worth.

Texas becomes the first city government to in the u.s to mine bitcoin. I think this is so incredibly cool. I mean this is awesome fort worth. I don't know if anyone in chat right now is in fort worth, but your government ahead of the times and we know texas, is very, very supportive of crypto.

It seems like it's kind of in an eternal battle with miami of like who's, the most accepting of crypto but fort worth kind of throwing its hat into the competition here by saying, hey, we're gon na mine here are the details on that fort worth to become. First u.s city to mine, bitcoin, the texas city, will begin a pilot project with three ant: minor s9 mining rigs following a vote by city council on tuesday. So this news is hot off the press fort worth, which happens to be the fifth largest city in texas. Will become the first u.s city to start mining bitcoin via a new pilot project.

The project was approved in a vote by the city council on tuesday today april 26th, as part of a larger docket of crypto friendly initiatives. Fort worth will maintain three bit main s9 mining computers in a climate, controlled location. These small but powerful machines mark fort worth's, larger commitment to becoming a leading hub for technology and innovation. Basically, they're saying hey we're dipping our toes into it.

We're going to make sure it all goes smoothly and then we're going to be more serious about it. But hey that's how government goes on any level. The city aims to experiment with the mining process through its pilot program and we'll evaluate it again in six months. Crypto software and services, company, luxor technologies and bitcoin miner rhodium enterprises are providing strategic guidance for the city's pilot project by starting small to learn as they go.

Fort worth is positioning itself to be the bitcoin mining capital in texas. The lone star state is officially in terms of their government getting into the world of mining, and i think this is wildly cool now. Obviously, this is more of a government thing and we've already seen a lot of mining going on. One of the coolest things happening in the state of texas is the extra flare gas from all the really energy mining.
Like oil mining. Uh people are capturing that two college students. They started a company where they capture that and they use that for mining. So we are seeing uh very, very creative ways that mining is actually happening in real time in texas, but i thought this was noteworthy just because it's the actual government in for we're, saying, hey.

We want in on this too and a lot of the times in this world. There is a big big advantage to having first mover advantage so shout out to texas, and particularly a shout out to the people who voted, in my opinion, the right way in fort worth microstrategy to offer workers bitcoin options in 401k accounts via fidelity, so michael seller, The founder, the ceo of microstrategy ticker symbol, mstr, one of the most bullish people on crypto, like on the face of the planet like his daily job, is just orange pill, people it feels like well anyway, microstrategy they have billions and billions and billions of dollars worth Of bitcoin on their balance sheets and they just keep adding and adding and adding and dollar cost averaging, that's what they do well now. It kind of makes sense that we're getting a little bit more of regulatory clarity that they're allowing the employees at microstrategy to get um their own financial exposure in the world of bitcoin through the company. Microstrategy looks forward to working with fidelity digital assets to become the first public company to offer their employees the option to invest in bitcoin as part of our forum 1k programs once again just giving it a little bit more legitimacy.

But fidelity is not stopping there. New we've seen growing demand for bitcoin in retirement plans, 4.2 trillion infidelity, that's their assets under management, at least for their 401k accounts. Fidelity investments will offer bitcoin inclusion in 401k accounts. Investors can use part of their savings to invest in the world's largest cryptocurrency if their employers allow so obviously, fidelity making moves.

Particularly microstrategy is one of these employers. Who's, like yeah 100, go for it. So it's interesting to just see such big names really accepting crypto and it's interesting to me just because we still see a pretty decent size of our government. Who's acting like bitcoin is equivalent to voldemort, and you can't even say the word uh.

I just think it's basically a bunch of boomers who don't even really know what they're talking about the best thing about authenticity often take. What am i trying to say guys? My brain is often authenticated, authenticating authenticating authenticating. Why is my brain having such a hard time? Willywoo you're messing me up here: authenticating twitter, using lightning network payment is that we can all filter out the bad spambots that only the really good ones that are actually profitable in scamming people bitcoin fixes mediocrity. This is interesting.
So if you don't know about lightning lightning network is what really allows bitcoin to be, i guess actually functionable as a currency other than that think about bitcoin. It has a 10 minute blog time, there's no way you're going to be sitting around at a grocery store. Doing what you need to and you're going to be, like hey i'll, wait: 10 minutes as i'm trying to purchase this milk and i'll just wait. Let me know when the block clears: that's not how it's going to happen, you're going to need something! That's obviously a lot more expedient and then also sometimes the transaction fees are cost prohibitive.

You're not gon na go out and buy a cup of coffee for three dollars, and then the transaction fees are more than three dollars. It just doesn't make sense. Obviously, there needs to be some sort of like layer, two on top of bitcoin itself, to make it properly functioning as a currency. That's where the lightning network payment system steps in it's.

I do have a standalone video that better explains it. If you're really interested in the technical know-how and there's also a lot of great videos already out, there so feel free to dive into it. But what's so cool about this, and this has actually been floated by the this idea by people such as michael saylor of this concept of engaging with real people on the internet uh. So if you use reddit or twitter or whatever there's so many spambots, you see them on rumble.

You see them on youtube. You see them on twitch, there's a lot of spambots. I was. I don't know how true this is so here i am just spreading a rumor but apparently 11 of the accounts, who are engaging in this whole story about johnny, depp and amber heard are bots they're, not even like really people sharing their legitimate opinions.

So it's becoming a serious problem, especially because the code to really spin these up - it's not it, it's not rudimentary, but it's pretty close to it and then all of a sudden people just start posting it on github and anyone can copy and paste and spin up. The bots that they want and their attempts are to scam people to sway. Opinions like it could use be used for very mischievous things, but with this, all of a sudden crypto can help for a myriad of reasons, and one of them is authenticating authenticating. The people to know that they're, like actually people which this is kind of yes, i think crypto - can pull it off, but i'm just trying to connect it back to the recent commentary, literally that we saw yesterday from elon musk when he was talking about twitter, saying One of my first goals is to take out bots uh and i'm just curious if he's gon na pull it off with the world of crypto.
Now, let's go international. This is a story. I talked about last week very, very excited to hey a new etf etfs spot etfs for bitcoin. It's a good thing.

Well, unfortunately, the one that was supposed to go live in australia. This week got delayed australian, crypto etf, launched delayed due to pressure from unidentified broker. Man, if you've been following the world of equities, you just know brokers and market makers they're. Clearly the people who, just basically it all up standard checks prior to the commencement of trading, are still being completed.

The delay is being blamed on a prime or executing broker, who has yet to approve the products due to a delay in appointing a market maker for the products launch. I swear if you're, to sum up with high accuracy whenever there's a problem in markets like who should just be the first person you look at it's brokers and market makers and in this particular scenario, it's literally both an executing broker and a market maker. It always comes back to those two parties, in my humble opinion, really being the biggest crooks we have in whatever markets, whether it's equities or crypto. Those are the people that are the messed up.

I i i guess, like they're, taking advantage, they do dumb, they're, always looking for loopholes, they're the people who mess up the party. I swear with high accuracy, not a hundred percent of the time. Obviously, you have other players, such as banks and hedge funds, but i it really does seem like the highest percentage of the time. You just got.

Ta look at the brokers. You just got to look at the market makers and you're, going to probably find the cause of your issue. New grayscale is looking to expand in europe for crypto funds. So, even though the australian etf is delayed not cancelled, just delayed, i did wanted to bring up a piece of positive news, so grayscale.

That name is commonly associated with being one of the leading voices trying to get a spot etf. Spot bitcoin etf in the us rocking well they're doing that, while also now obviously expanding into europe, but a little bit of negative news coming out of europe. A top ecb european central bank official is urging a global crackdown on the crypto market to prevent a lawless frenzy, a top ecb official urged globally coordinated measures to regulate crypto and avoid a lawless frenzy fabio honestly, i love that name and that's probably 50 of the Reason why i wanted to share this story with you supported higher taxation for some crypto and called for an oversight on peer-to-peer payments. Now is the time to ensure that crypto assets are only used within clear, regulated boundaries.

You know what's interesting, is we're talking about a central bank and how they want to really whatever they believe should or shouldn't be regulated they're trying to put their own thoughts on a peer-to-peer payment system, a peer-to-peer really store of value. It's at a certain point. It's just like when the hell are government officials and central banks going to understand that there is a clear demand from citizens global citizens, that everyone should try to say stay the out of my money. Man, that's one of the coolest things to me about.
Bitcoin is really it's you with your money. It's your direct connection to money, no banks, no government! It's honestly that simple, obviously look at what banks and governments do: governments and central banks and just actual bank banks. They're closed on the weekend, central banks can now, as we saw out of ukraine and that russia, and that whole debacle, they can freeze your assets, they can mess with your local currency and obviously i don't think we really need to get into a rant about where Governments kind of go awry with this whole ordeal, but when you put that all together is crypto perfect, no, there are scams a lot of the times every week. It feels like we can't go without talking about another crypto based scam.

So i'm not saying it's perfect, but i'm no one is arguing that the current system is perfect. It's just more of like what potential downfalls and risks and cons. Are you willing to deal with uh? So i'm not one of these people who's like hey, i'm getting rid of all my usda and i'm going perfectly into bitcoin, but i honestly think it's silly to be all usd and not have any bitcoin. Because that's just saying you are having blind faith in if you're in the us, especially in the u.s government and the u.s central bank, which to me that is way too high of a risk.

Breaking bloomberg confirms central african republic, creating legal framework for bitcoin and crypto. So once again, another country saying hey we're on board just in argentina's capital. Buenos aires will allow its citizens to pay taxes with crypto we're actually seeing that some out of some individual states right now in the us. So it's interesting to see that this is a we're getting a little bit more popular on a global scale.

Now, let's switch it up, not just talk about bitcoin and crypto in general, let's dive into some of these alt coins, institutional investment flows out of east out of ethereum and into competing l1 altcoins analysis from coin shares, shows investors favored smaller all coins last week as Capital outflows for ethereum hit 17 million institutional investors have shifted their attention from ethereum to competing layer, 1 blockchains, as of late with capital inflows for all coin investments. Products increasing last week, while ether east products posted outflows for a third week in the row, where's the money going avalanche, solana, tara, aka, luna and algorand so money going into these four and out of ethereum for the third week in the row, i'm heavily invested in Ethereum, does this scare me no because once again i have a long-term outlook and i'm not. I don't care what happens in a three-week period and also on a side note. I'm invested in literally all four of these.
So, for me it was like kind of a net neutral type of emotional response to it. Apecoin price breaks out stalls after 2.4 million board ape yacht club nft robbery. What's ahead, ape price now risk crashing by almost 20 from today's price based on its rising wedge pattern? Ah, i don't know how much i really buy into this one, because overall apecoin still looking pretty good to me. It had a nice movement and it got rejected.

Just below 20., we have a little bit of an overbought rsi to me. If anything, this is kind of a natural breather and why we've had this much excitement in apecoin anyway, is because the board ape yacht club community they're about to roll out with the land purchases for its metaverse and obviously apecoin will be the de facto currency of How people get them? So it's just more of there's going to be an increased demand. Now that's what this is, but more recently, unfortunately, there was a hack, their instagram was hacked and they started posting on their one-year anniversary, their instagram and their discord got hacked and they started posting. These malicious links and people lost their whatever like a handful, it wasn't just board api club nfts, but it was also various other ones uh.

Unfortunately, it cost millions and millions of dollars. So i think right now, there's just like concern, but it was a discord hack. It was an instagram hack. They tried to take care of it as quickly as it could, but obviously it people it wasn't an unscathed scenario.

Dogecoin apecoin see higher than usual liquidations and volatile trading. So yesterday dogecoin ran a lot because of its association with elon and elon, buying twitter and people thinking. Okay, can we use doge on twitter for various forms of payment processing and then obviously apecoin? We just went over what's going on there, but if we look at the futures of all of them it it's a decent amount of money, uh for doge 22.65 million over the past 24 hours and for ape it's 11.77 million over the past 24 hours. So it even with these altcoins we're seeing the same general sell-off like everywhere spy down cues down bitcoin down ethereum down.

Just everything is down. In fact, the only green things i see oil is going up, d-wack is up and cfei aka rumble. So, if you're watching on rumble congrats there, because that's one of my few green ones - man tesla right now in real time - is getting slaughtered down down 10, definitely getting slaughtered. Last but not least, win lambo, or should i say, win lambo fixed mechanic receives first payment.
In bitcoin to mend lamborghini, i just think this is cool. This probably has really no impact on you or your financial decisions. It just shows to me that once again, krypto's acceptance is going through the roof, and i just thought this was a cool story about a lambo when a lamborghini owner didn't have cash on them to pay for the repair job, they used bitcoin to pay kansas city Welder j fab uh, here's a picture of the lambo didn't have cash. I believe they needed an 8 500 repair and they said yeah uh.

What was the actual sentence? Uh, when jay fab asked for the bill for the repairs, the lambo's owner didn't have any cash and simply said shoot me. Your wallet address will ya, to which jfab replied, yeah sure uh. So here's a look at it. I just thought it was cool to like see uh once in a while when we see these stories of small business owners uh getting into the world of crypto themselves.

I think it's really really cool uh jfab, obviously familiar with crypto, has been in it since 2016, but never officially accepted like a business payment for it. This is the first one and i think it's fitting that it was a lamborghini. That's what i have for you today, i'll switch it back over to this, so you can see what's going on in the overall markets right now, but obviously it is a bloodbath. I would love to turn it over to you uh for any questions you have.

Obviously, if you haven't already don't forget to join up and become a kryptonian by hitting that subscribe button, we just hit 6500 subs yesterday, uh, so we're on our way to a mazillion gazillion, wait what the hell! Why are there? So many people watching right now? We've! Never we've literally. What am i missing a thousand. What did i do? You know you're not on your crypto. Oh i'm, not i'm on the wrong channel uh! Oh oops uh! Well, you guys should have told me earlier.

That's awkward. I don't know if i've ever done that before uh ah-ha. I i planned on that. Well, okay, it happens, um! Well, it's fun to have more people.

I suppose my bad. This is all your faults. No one warned me all right: uh btfa family, send you love brother, shout out. Btfa um go check out btfa, i don't know it is, but at least they had 55 in marketing for those into gaming and crypto.

Phoenix v2 is building a launch pad for crypto games, think of seeing, but on ethereum blockchain beta coming this summer. Now it's a great price point to get in, don't know what it is, but it sounds cool new poll. Let's spend some of your money, we'll do more of the other training the the poll training tomorrow. Why not? Why not? Why not? Your thumbnail is cool hey.

I appreciate that what puts are you playing? I have veru puts um and other than that. I have a bet against the spy, but that's through the futures market um. The only options play i have right now are the roru puts which, knowing my luck, virus is probably up today, but i'm still in that it's down five percent, but i need varu like down here so i have. This has to go uh quite a bit away.
Quite a bit of ways the spy i mean we could do a quick look at that, just because it's so correlated with crypto right now, but look at it. It's just we're holding at the support of 421, but really my target. If you're looking for a spy target, it's 416., i think there's another five dollar drop in here. Obviously it could pull a u-turn if microsoft has a surprisingly large beat.

If apple does, if amazon does uh, if google does, but i i just don't, feel the confident that confident in it happening are there any gaps in gme, not that i see no or amc, but these are also everything is getting slaughtered. Today. It's just a sea of red, it's a bloodbath uh. This is welcome to training.

Really someone said elon tweet elon. What did elon say the extreme antibody reaction from those who fear free speech says it well says it all. Are they doing a launch today? Uh. 12 a.m.

Six hours ago, a launch four astronauts crew 4 is set to launch orbiting laboratory on april 27th. 3 52. Am that's very early team very, very early. Oh, this is funny talking about free speech.

This is extremely dangerous to our democracy. That's what elizabeth warren said earlier, elon musk has decided he'd like to be the only human to that be called to congress for up to 63 different topics. Oh man, this bloodbath banana task force ape is another apecoin nft that just reached out to the board. Eight bia club community support holders that were affected by the hack well, the banana task force ape.

I hope you do well and i hope that your project isn't a complete and utter rug. Matt ask them why they don't go to the crypto channel. These chats, probably because they're running on, like the bigger channels, and since this is my bigger channel, it probably like they're like oh, like we'll go on that one today i don't know so for all the people who i don't know where you got your marketing money, But to the banana task force ape um. What's your quick pitch on why you're not a rug, because it has a little bit of a ruggy vibe who has the lowest fees trading in crypto? I mean, i don't know all of them, but i know the pro platform on ftx is very cheap compared to its main competitors.

What else do we have man the spy watch for this 419 snap, because if it does, it might be a quick flush down to 416, so be careful there, and obviously, if that happens, it's going to drag a lot of things with it tesla getting murked. Today, i guess they have no reasoning of why they're not a drug, it looks like they stopped by dropped. Some super chats and then called it. A day.

Steven shout out chad. What's up dallas jackman, yes, i did dallas hunting down the crypto stream. I appreciate that todd uh. Could you please check out the ortex date on tulips? I have a three century leap: yeah, it's sky high, it's like 420 right now, uh, it's the short interest is obscene on tulips.
Bill gates was right with his tulip or tesla puts. Oh man, i'm thinking too much about tulips too much about tulips too much too much. So no lambo fix lambo. We we covered that lambo story, hymc how's, that one doing i don't really.

Oh, it's up! 11 percent moving out of nowhere tulips commercial during nba playoffs. Do we know exactly why the bearish the market was so bearish today uh, i covered that in more detail in the stream, but basically it's apprehensions about the earnings about to come out and also of the fed. Next week, brandon becoming a bot fighter shout out. Uh btfa is the farthest thing from a rug.

They are kyc with cert k. Isn't that, like the same bs that safe moon people said seriously, man we're never gon na take from the lp, and then they did that matt balls of steel cores haven't been here in a few months good to see. You are still grinding lynn, the technicals from your boy matt, dennis that's so nice matt. Why is ortex not showing live updates? Is the fed shorting tesla? Maybe the fed's like getting their yolo puts in on robin hood they're yolo puts in.

Do you know about dwack w better than dwack? Well, it's just the warrants. So it's gon na have um. You have to look into it like that's what the w is, and they also have d-w-a-c-u. They also have units um, so they trade.

I mean i'm going to say like options just because they have a lot of overlap terminology and they have some extra leverage in there, but like they're, not actually, options or, like think of them, as like long dated options. Um, i think that's like one of the major differences cert k audit complete before token ever launched assure d5 kyc docs floors, kyc 80y, 80 apy staking day one twitter verification badge in the works for exchange listings in under four weeks. All right, a couple of things. We need to talk about there, crypto family um.

Let's work in reverse order for exchange listings in under four weeks. You can pay to get listed on exchange. We know safe moon did that. So that's not that special twitter verification badge in the works.

I'm verified on twitter, so it shows that they give that out to anyone, so that doesn't matter um eighty percent apy staking day one. That's i mean look at what happened with all those dow protocols um wonderland time and all those like if it's too good to be true, it probably is like eighty percent is really sus uh floors, kyc sure d5 kyc i mean the cert k is good, but The kyc i mean, i don't know the there was a lot of audits and stuff done on safe moon and that didn't stop them from like creating basically a 4 billion 3 billion, like not a pyramid scheme but just like, but crypto family. Maybe i'm wrong. Maybe i'm wrong about all that.
I don't think i'm wrong about all that. I do like the cert k i'll give you that, but people being doxxed and kyc'd i mean i don't know man you're, going off of a completely discredited video coffee, zilla's video was not discredited, they tried to and then they brought those people on um. If you're in safe moon, you should very much plan on not getting your money back at this point, i get it and that's painful. It's painful to hear you're like i'm, not getting it, but also it's just you got ta, read the writing on the wall.

Man. They basically broke all their promises to their audience. It sounds like the leadership team at safe moon is like completely uh the v1 to v2. Migration, basically lost people, 100 million dollars and then the runner of it basically just kept all that with a hundred percent tax.

It's a bad debt, that's not how you run a business. Everything about it is sus and i get it if you're in safe moon, you're pissed at me, like dude, don't say that dude, it's the truth. It's just the truth. I'm not the one, don't be pissed at me.

I'm not the one who got into safe mood and like made all these shitty business decisions, don't be mad at me. Don't shoot the messenger man, it's you got. You got god. Sometimes that happens in life.

What else do we have feels like? Those are the questions of the day? Safe moon was slash asbs and i'm a former investor uh. That is not true. Please dig more. I don't need to dig more there's like just listen to all the stories of the people running it they're.

They hate when the people running the company hate the guy who's like particularly in the head of the company and people are leaving and devs are getting fired and other people are getting paid off to not talk about it. That's not a good situation, no matter how you slice it, you can't say that there isn't something sus going on it's dude. Do i want. I want it to bounce back, for you like.

I would love to be wrong, like i'm, not here, gleeful, that people lost money that sucks, but also like i'm not just going to say and be like yeah. You totally have a chance of it bouncing back. It might bounce back if something insane happens, but the chance of it bouncing back are snowball's chance in hell. It's probably not going to happen.

I want it to bounce back. I hope you don't lose money. I hope you make money. I want you to be profitable.

I'm like i'm, not against you here, i'm against their like core team. It happens, it happens, it happens. It happens, team all right. It looks like that's what we have okay and we're past time too.

That's it for the crypto show looks like i thoroughly messed up on where it is wait. Well now i guess this is just a stupid question uh, because i actually feel dumb about this whole thing. But do you guys just like it better here, quick, yes or no? No, pull we'll save all the polls for tomorrow for all of our poll trading, but do you just like it here better anyway, and then i just do all my crypto vods on crypto cores. I mean there's just so many more people we like double tripled the amount of people kind of clubfoot billy.
I like it staying in the middle interesting, interesting, interesting, interesting, um. Well, shout out! I appreciate it. Oh hang on there's one more in here: the creators of btfa are early bayc and are so are odes already made millions. Their goal is to honestly make new millionaires in their own project.

I respect and appreciate your honest opinion i'll look into it. Hey i'll give you every anything, a readover. What is it btfa i'll look at it? Maybe i'll get convinced that it's legit, that's possible, uh, i'm i'm man enough to say hey. Sometimes i get things wrong and with this like, this is the first time i heard about it, and sometimes you just need more time to dive into it.

I'm not saying i'm not going to i'll look into it and we can revisit the matter. Uh. Okay, awesome! That's what i have for you today: pay attention we'll be posting upload content properly on crypto cores and then also on the main channels of rumble and youtube later on. Today, we will be basically talking about how the chat made me 600 this morning, so it'll be a fun one.

That's what i have for you. Uh have a beautiful day. I appreciate all the good vibes i'll catch. You later have a going on peace, peace, peace, peace,.


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