0:00 [Music] and welcome back everybody to just kidding news out of the closet where today Steve coming out the closet with the greatest love of his life story crypto not really but yeah I mean look I never had a hobby before in my life that I really fell in love with never what about like um like watching football and stuff no yeah I mean football's not I guess being you don't want it to be watching playing footb fantasy football you get into all the stats do that that's true that's not a hobby to enjoy the sport as a Leisure yeah no no hobby is when you do something just watching Sidelines you're just watching better men do better things like reading the Articles you're studying the plays you're going like you're an Enthusiast Enthusiast or a fan I think it's more
0:51 enus Enthusiast or a fan I'm a fan I'm just a fan like writing could be a hobby right but that but yeah no it it is until you get paid for it right like but um yeah think like um for example when I'm watching like the Colts I have nothing to ████ do with it right like whereas like if if I'm doing if if you're following something in crypto like you're engaged with it right you're like part of it or whatever and it's still a hobby for you because you've never been paid for it yeah never been paid for it exactly so smart so true uh yeah no so I never had a hobby really like I never got into gaming like I have I have a brother who loves gaming not Mario Kart exactly I'm a casual I'm more casual right and I played like games to ████ with people mostly like I played this game called the real game is the talking of the ████ that's exactly Star Wars Galaxies I am a legend because I
1:42 destroyed the first wedding that they tried to have in Star Wars Galaxies and that's the only reason I played the game is so I could ████ with people right like that's why you do and I played this game called EverQuest where I used to pull specters to docks I used to pull spe specters to docks what's happening specters to docks just so I could ████ people over with that cuz it was funny to me and in EverQuest if you die it's really serious you lose like levels and ████ so it's like a big deal takes a long time to get levels so people were real pissed so stuff like that I enjoy but not it's not my hobby right my brother plays like ████ God damn Kingdom Hearts and ████ like that ████ that you could I'd rather get caught watching gay porn dude while getting sucked off by a man you know what I mean like I'll never play ████ Kingdom Hearts or whatever so it's like you know I didn't think I would ever find a hobby not really like like people people been trying to sell me on golf forever I have
2:34 no idea if I'll ever like golf I just did top golf with Phil and the boys like from my fantasy football league like like a week ago I give a ████ to play golf right every time that's not what she said when we were talking me we're talking no no all I mean by that is I will hang with the boys right not inviting you anymore I don't no you should I will be a good I'll be a writer but I I don't know that I'll ever be good enough at go off because I don't know if I'll ever care enough about getting the ball in that's fair you know what I mean so but to me the thing that I like the most about crypto is I really like crypto as an idea I think our monetary system is completely ████ ████ I think that the way that they inflate our dollar at all times uh is obviously having real world ramifications that we've been talking about for goddamn years we were warning people this was going to happen and now you just see your dollar if you put your dollar in a savings account you just see
3:24 it ████ chill there and then you find out oh guess what they printed even more money so my $5,000 in savings is even and less next year so I agree with the mission statement of crypto it's not always applied correctly but I feel like the idea of a decentralized market with money AKA like Bitcoin right that cannot be replicated or printed um has a real world um application to it that I think will impact Millions obviously already is um like El Salvador right now is adopting it heavily we have Bitcoin FS now for the first time ever basically people can now go to their Fidelity or any these places and say I would like to have some Bitcoin exposure and financial advisers are not saying don't do that they're saying like yeah you should actually get some Bitcoin exposure do you remember when you first discovered
4:16 it I was at Baker Studios I was with my buddy Peter Gilroy he was like I bought this thing called Bitcoin and I was like what the ████ is that and I'm a rider 30 minutes later I had a Bitcoin you know know what I mean like it was like that but was it like a love at first sight or did you just have it and then later you Revisited I had it I thought it was funny and that and that was basically it what was it worth at the time it was 1,000 bucks and then it tanked all the way to 250 bucks you just did 30 minutes to spend a th000 bucks like that yeah ████ ganger B you have to understand the numbies was good baby numes was so good I kind of do that nowadays yeah you do he does it all the ████ time so yeah lost it all lost it all baby uh no so then um yeah me and Gilroy we were buying Bitcoin and then I was like and then I remember it went down and I
5:06 remember telling Nikki I bought Bitcoin she was ████ pissed at me cuz she's like I thought we do stuff together and I was like God damn ████ get off my ████ back um why got to hate on bitcoin it's cuz I didn't explain it to her cuz I really didn't understand it so then I was just like you know what I mean but get off my bag yeah get off my ████ bag girl Jesus Christ get that big ass off my B dude so then um let me do what I want yeah so then uh a couple years went by and I remember my ma telling me that my old man had no plan for them like no plan like hey uh you know if something happens she's like the old man's plan is that we will move into a Holiday Inn and I was like what the ████ I was like okay I was like I was like well I was like you I have all these scripts swirling
5:56 around Nies on them and then also too there's a little trick in the industry you don't get paid for quite significant amounts of time sometimes so you have to wait for these movies to not just get you know you sell them but then you don't even get paid sometimes for a long time so I was like okay I have to do something where I can just take care of my mind not really worried about ████ I was like I wonder how that Bitcoin s███'s doing right now and this is like 2015 and that was when I got really hyper engaged into crypto as a hobby like I was like you know learning more about it every single day like throwing my entire brain into it and what happened when you looked back at the Bitcoin did it go up like crazy or mm it was just chilling oh okay Bitcoin was chilling um it was like pre00 again it was like still sideways or whatever and then um I got in to this thing called
6:46 ethereum like five bucks six bucks seven bucks eight bucks and I remember just finding it and being like this isn't like a Bitcoin clone like some of the other ones are right there's there's a couple Bitcoin clones out there there's a lot of them now obviously but back then there was just a few Litecoin right so I was like okay I was like I'm going to bet on the smart contract platform I think it's really I think it makes sense to have two parties be able to to enter an agreement permissionless so there's no middleman like guess what's going to happen eventually and it hasn't happened yet but it will happen eventually there's going to be no more notaries kids all that stuff contracts all that stuff's going to be solved by the blockchain it will be it's not ready for prime time yet right so but a lot of this stuff real World applications middleman stuff will be completely solved and fixed by blockchain so that's
7:36 when I really got into it hyper hyper and then I was buying ethereum early days and then it like basically exploded within 3 months and I remember telling Nikki I was like I have I I was waiting on a movie check I think it was for the thinning I was waiting on like a lot of money and I was like I got to ████ get in now dude I was like I got to get in right the ████ now and so we we put in 15gs oh I watched that ████ balloon in 250 in like barely 5 months wow so you made a quarter mil yeah in like five months ████ wow yeah and and and I knew why I bought it right so like it when ethereum corrected or whatever I didn't give a ████ but I remember at the time too I like I watched it I was buying it like I think my dollar cost average at the time was like $75 or something like
8:27 that for a the seven and I remember going to 20 and I remember watching people sell it at 20 and you could cuz you could see you know if you're on like coinbase or whatever you can see people selling and buying and everything I was like man people are really selling this at 20 bucks there just maybe they were in really early I was like okay that's interesting so I was like maybe they're in like ████ pre $1 even so they're just like taking profits okay that's interesting but but but when you think about the people who held it instead today different game different game oh it's ████ what two grand today two grand each right and I just remember you know again was it was it awesome to see the number go up duh number go up is so sick and everyone loves the number go up but knowing why you bought is so much more interesting to me than number go up like because
9:17 number will go up if you know why you bought and you placed a good bet right basically educated bet or whatever and so to me that became my mission statement in crypto I was like I want to find things that are going to be things that the market needs like smart contracts like the market needed smart contracts that's why ethereum blew the ████ up people like oh yeah ether blew up cuz like you know the pzi scheme I'm like bro people use this ████ every ████ day this why dude all the altcoins is because of a theum dude during the remember during the bare Market when I was like I beg of people to see that there are more people using crypto today than were using it during the last bull market Zenith just before being plummeted like people are using this stuff you don't understand it just cuz you hate it I get it oh blah blah blah I get it you're so smart you know everything people are using this stuff every day do you know that no you don't
10:07 so so maybe actually be curious about it instead of like being so dismissive which is what everyone does it's fine it's totally fine be dismissive and by the way if you don't have the ████ brain for this ████ and all I mean by that is like if you're not like a hard-nosed human being who can handle it like if you if you can't handle like it's a mental game oh yeah and if you can't handle the mental game you should stay the ████ away you really should and you should stay away from probably investing in general um so yeah that's when I think I met you guys if I remember this if going to like couple it was already like I think 130 bucks some some ████ like that and I was telling you guys about how I got in real real early days on it and then um and then I started getting into OMG because ultimately like ethereum was great and it still is but ethereum needed the
10:58 scale so I was attacking what the market needs right it's always about what the market needs like so ethereum can't scale this is a problem that ethereum has had its whole existence where the more you use it the more expensive it is to use the chain because all these ████ transactions are happening and I got to for the gas fees that's it the gas fees get ████ ballistic I've paid some days like an Xbox for just like moving my ████ around right cuz if you're moving $250,000 and it cost you 300 bucks it is what it is right so so but yeah that that was my understanding of like okay I understand what the market needs because I it's not just me out and I'm in um a vacuum I I know people in this space because I've again hobby boy right it's like we all it's like we're a bunch of adult men we do trains but we all talk about oh we use these wheels these tracks right we need
11:50 we need these trees don't use those trees cuz they deteriorate fast like that kind of ████ so then yeah I got really really into that and into understanding Market needs and that's kind of where my addiction to crypto has remained where I just stay focused on what the market needs and then you can just look at all the noise Quiet the noise focus on like the mission statement right what what's it doing for the world ultimately that's where I'm at so that's cool yeah man I love this ████ we haven't talked about crypto on this channel for so long it's been a minute it's crazy but I guess that means the Market's been so ass crazy it's been sideways when Steve said he in 30 minutes he bought one Bitcoin for a th000 and I was like like that that's a ████ ton and then I think back to when Steve was telling us about OMG in the JK party Green Room I was like I remember
12:41 that night I spent 100 yeah damn 100 G's on it 100 G's ████ yeah $100,000 I spent $100,000 on it I forgot about that he did do that he spent $ 300 I spent 100 what the ████ and I was like I can't believe I gasp at his I was like you spent $11,000 I was like wait on OMG I was just like Ste on to something 100 did you guys make it wasn't I mean it seems impulsive but by that time so I remember when I first met Steve yeah and then he was telling me about Bitcoin because every December November I do this thing where I buy gold for a grand and at that time well at the time an ounce of gold was a grand and Bitcoin was a grand and I remember you telling me like I think you should buy Bitcoin and I was like why barely know this guy
13:31 and I don't know I'll just spent 300 then I just you know I don't know who the ████ this guy well no I had spent 300 at that time yet oh this was almost 6 months plus knowing steeve but after that you're ethereum pumped and then I was like oh this guy's actually making money he knows what he's talking about he's not just some Charlton yeah I mean ultimately and ultimately dude you can be wrong with this stuff too right like I got mutilated by OMG in so far is I watched my investment go from I think I got an OMG like five six bucks watched it go to 28 bucks watched it go all the way down 30 ████ cents or some ████ but then I was like dude I actually still don't know why I'm buying it cuz ethereum still has a problem needs to scale OMG went to 10 bucks from 30 cents I remember telling Nadem I was like I think it's going to go to 10 bucks from here and when it happened he's like how
14:22 the ████ did you do that and I was just like well first of all Community price targets bro it's not me being a psychic or mis ████ Cleo here the the community kept on saying that $10 was a target for them like a a dream Target for them so like that's how you kind of have Insight on like where other people see their exits and that's how you can kind of gauge and it's a it's an educated guess you don't know but like that's how you gauge like okay that's where other people looking to get out too so that means that means if it goes to five bucks guess what a lot of people are thinking it's not 10 bucks everyone keeps saying 10 bucks so it just raises the ceiling in your brain about that stuff right right so then so then yeah I've had a pretty good track record of of being um spoton when it comes to the cycle right the the crypto Market cycle right like in so far as every four years
15:14 there is a predictive pattern that happens where you see three years of up moves and then you see a huge down move and usually everybody's clowning on crypto and then if you accumulate the down move for a while while you could really get a big ████ fat bag right and then when things pop up you're just sitting on goddamn gains quick because you got your DCA nice and low like a little spring and that's really ultimately what have been focused on but with the ETFs we had recently I was like ████ dude I think we're in a left translated cycle which all that means is like everything that's going to happen with the market for your cycle W it's about to be really fast and early compared to the usual cycle so this what I've been talking about crypto corner right where it's like and me and my brother Kenny we have debates about it cuzz he's more of a bear and I'm more of a bull so I always love having him on
16:04 because you it's good to debate again open-minded person you have to debate your ideas or else you're just a sick offend or whatever so me and my brother all constantly do battle about this stuff all the time everyone who watches crypto Corner knows this but in a left translated cycle you're supposed to have seen Bitcoin hit the new alltime high which it already did by the midpoint and then you're supposed to really see like like a continuance that we haven't seen yet right like things kind of went down from there like we went to like the 75 74,000 or 73 whatever range and then we broke down from there all got crushed right so now people are going oh ████ it's a bare Market it's a bare Market it's not so at the end of this month we're in September right now by you know probably early October we'll start to see some ████ popping off right and then
16:56 everyone's just going to be suddenly surprised holy ████ because we're not in transad cycle back in a right trans head cycle we're back where we were supposed to be um in a traditional fouryear cycle structure so now it's just complete a complete continuance and you get the beautiful structure of a fouryear cycle which means more structure more gains so everything that we've been doing this thus far right accumulating woo for example accumulating Coogi for example everything is all about one thing cashing out into ████ Bitcoin the King beating Bitcoin the ratio cashing out into Bitcoin so that you don't have to spend that much on bitcoin you you spent a little amount compared to buying a Bitcoin right now for example then you cash out into Bitcoin and then you ████ get the ████ out so I'm targeting a Spring exit right now based on traditional fouryear structure
17:46 that actually gives me enough breathing room where unless some nothing no ████ ████ games happen we should be fine so that's ultimately where I'm at right now next spring saying yeah spring gone dunzo see you later but taking some Bitcoin home with me how the next tip happens that's it till till and the next tip will again just be another buying opportunity accumulation range right but you just never you know the the market is a beautiful hobby of mine a dance um and it's you never know everything right you just have good guesses based on history based on data and then based on what the market needs that's what I focus on that's why I love this stuff because you know what w right what what woo does right now for example people who are using say cow swap which is one of the bigger exchanges out there right now it's almost like a Unis swap
18:36 like you're just swapping one crypto for another crypto Woo is on the back end quoting and fulfilling orders for cow Swap and people don't even know they're using woo and you know the revenue generated by that goes to woo stakers so stuff like that is why I love crypto like get me involved with the back end with things that are doing things that are actually helping people like for example if I if when I stake my woo right now I get like I think on average like 12 133% right now but that's constantly INF flux because it's based on real fees that are paid out to to people B based on usage so it's all based on volume so the more volume that picks up for woo the better that's why I've been in the woo the whole time because they're backend liquidity provider and you get a piece of the action so time me up for that and then yeah Coogi a little different right koogi got hit hard recently because
19:27 Coogi had a liquidity issue which I had been talking about for months on crypto like this is like pretty not not fun folks like COI needs to fix the liquidity issue and ultimately they had a moment where they were they were basically using uh part of the the the koogi Community Fund to provide liquidity to the ecosystem by essentially borrowing against it now that's really rough right and DJ that's what we did with Luna that's right but but it's a little different than Luna because well ultimately they were using it to bootstrap liquidity right whereas with Luna it was actually a promotional period they were using for anchor protocol if you remember they were actually it was like paid for that's why
20:17 the anchor rewards were like you know 20% 18% 16% 14% it was all fluid because it was based on it's not that interesting but point being uh koogi got hit with this liquidity issue and then they just partnered with a group called thorchain who guess what one of the biggest things they do is liquidity baby like so koji's about to be plugged into a massive liquidity environment and they're the the reason why I got inji in the first place they're the best dap builders in the game I'm talking about like crypto apps right like they're the best builders in the game if you look at Orca which is which is part of what the the uh the team was using to to do the oopsy daisies the oy doofy um the the the coding for all this stuff is unbelievable if you use this stuff it's
21:07 unbelievable again there's some issues RPC errors up and out the ass but but good stuff right they always make good stuff and the team ships like no no else and there's a guy named Hans who is their lead Dev who is a ████ pimp and that's worth the bet for me every time you bet on really smart people who know what they're doing and I think that bet is going to pay big time because of thoram so stay tuned kids because we're overly meta right now and people are probably falling asleep at home um where do you think like crypto's future is in America based off of who wins the election this year obviously Trump is already out there like ringing the bell for crypto and KL Harris is already out there saying she wants to tax unrealized gains so I don't think that a lot of crypto people are big fans except for Chris lson from Ripple who
21:58 just endorsed KL Harris for president enough ████ said Ripple's a goddamn disaster ████ show so why would he do that that's so weird thank you exactly Galaxy brain move I guess maybe he's like oh she'll win and she'll be nice on me I have no idea but no Trump trump is out there and who knows if he's cuz he's Pro Bitcoin who knows if he's going to do it cuz he was a hater before he was like he it's called the dollar Bitcoin is gay right remember he was always saying that but he did say in New York recently that he wants to make America the leading crypto nation of the world and honestly in crypto land we have nowhere else to turn to because all these politicians have been so ████ to us like all we have is the lobby really the crypto Lobby which is basically funded by the Winkle boss
22:48 twins right and then so we just have to hope that yeah Trump will do El Salvador yeah we going to El Salvador boys exactly but that's not you know they don't have a lot of money but that that's a it's a good example right they're trying to use Bitcoin absolutely yeah and they are hey you know what out of all that if people didn't get it this guy's really really passionate about it he's been in the game for a long time he's got all of us in the game whether or not we made money at high levels and lost money at higher levels the point is we've all been Riders together you can't the the amounts that we have lost that people clown on us for losing you had to have made that money somehow bud so we did pretty good until yeah we didn't sell well to back you this is you've done it three times but I would argue it's been more than
23:38 three times because the last run I started with 110k and we didn't just do one coin we did like five flips into 1.6 milon so that in all all of the cases it's our fault for not cashing out and taking profits but at the end of the day took more profits I took profits last time took six F of profits should took but were you wrong no yeah you you picked the r the right race horse yeah and and ultimately there's there's also uh a couple of Smarties in this space who had to seed a couple of months ago that there was only a couple projects that beat Bitcoin the ratios two of them woo Coogi yes we dipped yes they slid because of the dip yes we're in a riskof environment right now accumulation range but you don't get that lucky folks it's
24:29 not that easy you got to do the work you got to know but but you have to know what the market needs ultimately and you have to trust really competent smart teams so yeah Watch What Happens Next don't be shocked
// end of tape