BITCOIN: BREAKOUT IS NOW!!!!!! Transcript, AI Summary & Key Points

00:00 button. Oh yes, oh yes, yes, yes. Guys, welcome to another episode. And as you can see right now, Bitcoin is back above 86K. We're back above it. The volatility last week got a lot of people very, very, very nervous. Many people wanted clarity and on this channel we gave the perfect clarity last week to be bullish, not be bearish, not be concerned, not be concerned about Iran, not be concerned about whatever is happening with inflation, with interest rates.

00:32 We said ignore all of that. ignore all of that fully because we will be pumping in a nice way due to the new bull trend that we started right here in the beginning of September and because most people are on the sidelines. Most people are on the sidelines. They are not in the market. You only have bad news dumping the price when many people hold the asset and the most nervous guys they start selling and the price starts dumping.

01:04 If the most nervous guys don't have the asset, bad news cannot dump the asset. And after a year of draw down, there are not too many nervous guys holding Bitcoin. I can tell you that there are not too many of them. They were holding all the way down here, all the way down here. Now there are not too many of them. That's why by having a clear strategy, by having clear principles, we're able to ride this bull market with relative calmness.

01:33 Relative calmness, as you can see, Bitcoin is just following exactly exactly what we've been speaking about is Bitcoin has been doing exactly like we have been predicting. And guess what? Most most lowrisk assets have produced fantastic returns for our community, for you guys. And in Bulmania, we have so-called model portfolios as we call them. It's basically assets that are going to do okay.

01:59 They're low risk. They're low risk. So when you enter Bulmania, you can just pick and choose bum bum bum bum bum as soon as possible. So just looking at the past month, what has happened? Most of them most of them are up 30% just during the last month. Okay. Some of them have doubled more than doubled. There are a few that are down slightly. Uh there is one down 15% approximately.

02:22 But all in all, if you look across the board, most of 90 plus percent are up 30 30%. And uh some have doubled or or even more. So this is just from the last month. So I'm just telling you that be bullish when new bull market starts. And this is low low risk low. This is the lowest risk you can think about. Lowest lowest risk I can think about. And they are up 30%.

02:43 We haven't even started the bull market properly. And you understand that the big opportunity next is going to be in the smaller smaller hidden gems that are still either not even created. Some of them have not been even created. Some of them are just now coming back to bull flips. And that's the big big opportunity in the coming months because everyone is more or less I mean everyone is more or less positioned in like Sana.

03:07 I I I hope you guys are more or less positioned in in in Sana because here the train has left the station already back at the end of August. I mean everyone is more or less you can say more or less positioned in the big fat coins at least you should have been if you watch this channel for the past month you should have been more or less somehow maybe dipping toe a bit like confirm the comment section have you guys dip toe your or someone still fully silent so that opportunity is starting to fade the opportunity of just

03:34 you know buying SL is going to fade more and more and more because you can see the low risk you maybe have you know a few more weeks before the riskreward of them is becoming less and the riskreward of the smaller is becoming better just on a riskreward perspective because you always want to be in early early early bull trends. So that's going to be very important in the coming months and in the coming weeks to keep an eye on and to understand that you need to be adapting with the market.

04:02 Some people they make some gains in the bull market then they have a draw down and their altcoins never all coin never recovers. Sometimes it is like that. Sometimes you need to be aware of what's happening within a bull market as well. That's why you go to the newsletter below as soon as possible. This is very important for you to do right now. Join the free bullmania newsletter because this is the kind of stuff we'll be updating you as we progress in this bull market.

04:24 Right now though, we are in the stage where uh Bitcoin is just now really starting to show the bullishness as we explode to 100k guys. Oh yo yo yo. as we explode to 100k, the opportunity in this new alls that are still not bullish, that are going to be flip. It's crazy. It's crazy. The the the party really starts when we go to 100k. That That's the big party.

04:49 That's the big party. Now, it's still warm up because mainstream media is not speaking about us. Uh new retail is not here. Is not here, guys. It's still us. Still us. The same guys from last year. It's us. It's us. Has anyone joined us here in the last 30 days? I don't think so, guys. I don't think so. In crypto, we are the same dudes, guys. I mean, we're like family now.

05:10 We're like family. It's the same guys here. Big welcome. Smash the like. Subscribe. Subscribe to the channel. So, ret has not come. That's what I'm telling you. It's only the early early days. Still very important early days. Now, looking at the situation, you have this summary. Currently, Bitcoin is above 86. Very good. Clarity act blocked blocked.

05:31 But SEC and CFTC are doing their own tokenization. Cardano guys, finally Cardano bullish. Oh yo yo yo yo, Cardano bullish. Uh oil is jumping up and down but does not really matter within a bull trend. Hyperlid ecosystem is heating up. You have hyperlink doing nice volume and that's going to be important overall to see how the new landscape is looking.

05:57 For example, you look at um uh Hyperlink is a prime broker for Hyperlquid routing 254 million. There's another important thing to keep an eye on which is Pump Fan. Palan is really starting to grow into a core infra infra piece for everyone else who is building any kind of uh uh of launchpad any kind of uh software that creates assets. So just like Anam saying people are not pricing in pump essentially becoming an L1 as underlying infra for other launch pads on top.

06:28 So not L1 in the sense that is a chain but L1 in terms of being an infra for all other uh launchpads that are going to be building on top. Nobody is tracking how much they are giving away in creator fees. It's nearly one to one with the amount of revenue they're making. So teams are highly incentivized to just build on top. For every 500 million in revenue, there's 500 million in creator fees to coin creators because of the fee structure.

06:51 So basically, there's nice incentive to launch your stuff, launch your coin on pump fund because you get creator fee yada yada if you do any kind of launchpad instead of doing your own. You can just build on top of pump fund. The economics are much better than L1 economics because pump benefits from getting fees from every launchpad layer and every coin from every launchpad.

07:11 So as bull market enter enters its its heated prime you know that launch price are going to be big people are going to be looking for the new opportunities and that's going to be good for pump because currently for example Solana bullish like a month ago ely bullish a month ago. So currently we have been living through this easy mode where you can just buy soul and and that's it.

07:34 Okay you buy ETH and that's it. Now you know it's up 30%. It's going to go up even more. you will have to go down into other assets and and you you will have to be more open-minded towards new opportunities and um as soon as but because above 100K that's going to be the meta the new new hidden gems hidden gems unp gems is going to come that meta is going to come quite soon now guys in terms of Bitcoin in terms of Bitcoin we are still pretty formal like we've been discussing and Jordi Mr.

08:06 George Visser is having a very interesting take on this. Listen to this from Pomp podcast. >> I think most of what's driving crypto right now is a combination of new players coming in. This is what a bull market is about. And you're right, FOMO is going to start to kick in very, very soon. I said before when Bitcoin got above 82,000, that was the confirmation of the bull trend.

08:28 I think we're in that. The fundamental side's getting stronger and stronger by the day. I I think we're at a point where this stuff is about to kind of take off, particularly with what happened today with the unemployment rate being lower than expected. If you take everything that happened this week from the rate picture and you look at it and you're like, David Zervos brought into the Fed or brought into the Treasury, he wants he's he's a very creative guy.

08:51 Uh we're going to he's he's being brought in to help get long-term rates lower. They did another buyback, another, you know, treasury uh yield curve, treasury uh twitch, whatever you want to call it in terms of the twisting of the back end versus the front end. We got a lower than expected PCE core. Now we got an unemployment number that came in weaker than expected with an hourly earnings that came in weaker than expected.

09:16 So maybe rates settle here. They don't have to go down, guys. They just need to not be a story where every day they go up. And I think we could be staring at a a position coming out of the midterms where people are like, why were we waiting? Earnings are just growing rapidly and we're entering earnings season at two week. >> Very important. What he said there about the bond yield is very very important.

09:36 We've been covering it for quite some time. Basically, they will have to intervene. You you just heard that the Fed is hiring all kinds of people to figure out how to get the yields down because they're high. The is very expensive for the government to have this kind of um high rates. the the US cannot finance itself and I mean that's the conclusion that's a conclusion and Benjamin Khan big shout to Ben is saying we knew that he cannot control the bond market speaking about Bessant but he just figured that out so

10:04 basically Besson came out and said that he cannot control the the bond yields but he's trying man he's trying he's trying he's trying >> again what what I've learned that you everyone in the market knows You don't win every hand, but you win over time. Everyone knows I'm a big basketball fan, big fan of John Wooten, big fan of Dean Smith. And how did they win?

10:31 You trust the process and you put a good process in place. And like what we could see with bond yields that I would be concerned if we were having this some kind of idiosyncratic rise. It's been a global rise. The US market, US bond performance since president come in came in has been the best in the world. So we are not seeing people sell treasuries to buy German bonds or Japanese bonds.

10:56 And like I said that I can't control the bond market. What I can do is try to get people to slow down and think because you know my job in the financial markets for 30 years was to be outside the door ear to the door when policy was being made sometimes for with myself over the transom and think like what policy makers going to do should do can do and now that I'm in the room and what I meant by I in the house is that I have superior information like people could ask you know obviously the Japanese would have liked for

11:33 us to intervene the in the yen at some point any time since January. Why did we do it then? People should sit back and ask themselves that rather than oh we intervene in the guys the conclusion what is the conclusion? The conclusion here is that money printer is coming one way or another. They have to get the they have to get the raise down. They will have to buy their own bonds.

11:53 There's no other way. There's no other way. They will have to buy their own bonds sooner or later. They will have to show the market that there is a there's a buyer of last resort and that's fed man and that's fed and they're going to buy your bond. If you want to sell it they can they can buy. There's always a buyer of US bonds. So you can be confident.

12:10 You can deploy capital. You can buy our sweet sweet bonds. It's going to be amazing. It's going to be amazing. It's a question of time guys. Question of time likely likely uh after midterms. after midterms. After midterms, when we have new political landscape settled, when we have calmness, when we don't have the speculation, what's going to happen in midterms, likely that's when you're going to see big moves.

12:33 Until then, there is going to be volatility, there's going to be questions, what's going to happen, this and that. As soon as midterms are settled, I think that's when the stock market and the crypto market for that matter is are going to have their biggest moves because you need calmness. You need you need certainty. People don't like uncertainty. Now there's so much discussion.

12:53 Will there be Democrat? Will there Republican? I don't It doesn't matter. Like it doesn't even We know it doesn't matter. But the market still wants calmness. They want to know who they're dealing with. Is it Camala guys? Is it Trump guys? Who is the leader of the Democrats now? It's still Camala. I haven't been following guys. You know, I'm apolitical.

13:13 Since the election, we're apolitical. A aolitical. Who is the main guy now in the Democrats? Hunter Biden or he did the laptop. I'll do it. Okay. We're apolitical. We're apolitical. We are pro uh pro uh pro crypto. We're pro uh portfolio. And that's that. And that's that, guys. And that's that. So, look here. October. October is typically a bullish bullish bullish bullish month.

13:48 Um yeah, like we were saying before, October is bullish. You got to be bullish. Bullish when there is a bull trend. Bullish when there is uh October. Pumptober happens all the time in a bull trend. In a Brent, you got to be careful, guys. In the B, you got to be careful. Last October, it was no no pumptober. We told you it's time to get out. Get out as soon as soon as possible.

14:10 Um now looking at the flows. This is interesting. Look here. Bass. What's happening, guys? Someone is taking a bunch of money into base. Jesse. Maybe Jesse. Is something happening on base? Maybe it's I mean, the only thing is basically Venice. It's Venice. That's it. That's it. Uh, other than that guys, this week is going to be quite important as we are continuing the pump here.

14:35 Um, also I want to give a bit of a warning to everyone who is exposed to a crypto market overall and that's that volatility is normal for bull markets. It's very normal but but but many people are going to be destroyed even in a bull market. Sometimes you have volatility that is quite brutal. So just follow the plan follow the strategy with your altcoins though you need to be careful because some of them have an initial pump and then they don't come back.

15:01 So with your altcoins you need to ensure that they are in bull trend that you follow the mechanical rules. But just and to give you an example here you see here in 2023 bull trend started and then here we had a dump of 20%. Uh if Bitcoin would fall 20% let's say from here um yeah it's all the way down to 60s. It could fall from the 90s from the 80s at some point within the bull market we're going to have a 20 30% correction.

15:29 The question is from where and no one knows that. No one knows that. That's why in general you're bullish in a bull trend. You are bullish. You don't over complicate too much. Should there be a correction even if it happens it's likely from higher levels higher levels uh bitcoin is gonna be okay your altcoins your shitcoin may not so just ensure that your shitcoin you manage your shitcoin you manage the risk you ensure that is in bull trend because there are many stories always in bull markets where alcoin looks good

15:56 it pumps first correction boop it dumps like everything else then everything else continues and it does not continue it does not continue it's dead it doesn't go anywhere, man. And even even if it goes somewhere, it doesn't even go that high. I mean, a good example is probably DOT. If we look at DOT, what happened here? Yeah, you you basically want to avoid all of this.

16:20 You see here, for example, DOT had a big fat pump in uh 2021, then massive dumpage, then a bit of pump, like small pump that it did, and it did not survive the first pullback. You see, boop, boop, boop, and down. So, you want to avoid this. Uh, most coins currently, they are kind of in this situation. You see, they're kind of, if you look at most altcoin charts, they kind of look like this.

16:48 And so, it seems that all of them are going to go to alltime high, but it's it's not going to be all of them, guys. It's not going to be all of them. It's not going to be all of them. Some of them are going to be like this. Some of them are going to be like this. Okay? So, you got to be very careful with all coins. You really need to have u full control over them.

17:06 In short, you know what trend they're they're in. Uh because most of them are are not going to be okay. The big ones, the lowrisk ones, there are there are a few lowrisisk ones. The ones we speak on the channel like we saw um ETH obviously going to be okay. And the super strong ones like Zcash, they're going to be okay. They're going to be okay. But you need to avoid the DOT because you remember DOT in 2021, it was kind of bluechip.

17:29 And in 2022, 2023, people also thought it's kind of blue. It's kind of blue. It's going to return for sure. is going to return just like Sana because Dot and Sana is kind of the same. They're both blue chip. But guys, there is a big difference. Something that's blue chip today is know it's brown. It's brown currently and brown is not because it's chocolate.

17:47 It's something else. Something that's blue chip is brown chip. It's going to be boop this quick. So guys, don't relax. As you can see, I I want you to not have complacency because I have seen complacency. I have seen complacency in the last market. I see complacency in this market as well. There's a lot of complacency. As soon as the portfolio of the play is up a bit, it's still down 80% but you know it goes from minus uh minus 80 it goes to minus 75.

18:13 Now you know confidence all time high the play base feel but never relax. Never you cannot relax. You cannot relax because unfortunately the markets they're not easy even in a bull trend. Even in a bull trend you're going to have volatility bop bop up and down. Now, if you zoom out and you look in the future on the bull trend, it's going to look easy, but you know, going through week by week, feeling the volatility in your bones of it's never easy.

18:37 It's never easy. And of course, the best example is just look at what happened in the last uh bull market. If you just look like this, let me show it to you. It obviously looks amazing. It looks easy that you know, you just bought here in 2023 and you and that's it. But then you zoom in, you see what the hell happened here, guys? What the hell happened?

18:56 You zoom in dayto day. Oh here down 20%. There down 20%. Here it was a mega fake out. You see here pump to 48 then dump another 20% to 30 38. Um so don't be complacent. Never be complacent. Your money is here. Tomorrow it's not here. you know b sometimes you know sometimes I hear the reason I'm telling you this also is because sometimes I hear nowadays when people say oh man I made more in the market uh now in the last let's say month uh than I did in my job in the last six months I mean I'm starting to hear that

19:32 sometimes especially in Bulmania people trade in such a nice way they they put bets in such a nice way that oh man I can quit my job you know I'm telling them don't listen take it easy take it Of course, bull mania sets you up in such a way that it's easy to get the hubris, but man, take it easy. Please take it easy. We're now just a few weeks into the bull.

19:54 Take it easy. Okay. Don't declare victory. We're We're not even halfway through. We're not even like a quarter through. Don't declare victory. Bull market. Bull market gives bull market takes. Okay. Within a bull market, you can have uh many many bull and bear cycles and you quit your job. Take it easy. Take it easy, man. Take it easy. Please take it easy.

20:14 Guys, on this note, let's go to Q&A. Let's go to questions, answer debates. There's not too much news obviously because it's been the weekend. But what we have are weekly closes. We can look at the chart. The chart is I I basically what I told you now last 20 minutes. Uh in a bull market, be bullish, but not complacent. Please confirm that you're not complacent.

20:33 Not complacent. Write in the comment section, I'm not complacent. Because if you are complacent, your money is going to run away. I mean, literally money that hates complacency. It hates complacency. If money feels that you have relaxed that you take it for granted, it's gonna run man. It's going to run very very fast. By the way, in relationships al also also like that.

20:56 So it's going to land run super fast and uh you need to ensure that you are uh aware of the market, you are aware of the market moves and yeah, you're you're serious about it. Guys, let's go to Q&A questions. Answer the base. discussions. I mean, it's like spiritually. It's a bit like that. It's a bit like that. It's a bit like that. Spiritual because trading actually most of it is the brain.

21:30 Most of it is your brain. What is in your brain? One second, guys. I'm going to be back. One second. Check. Check. Check. We're back. Correct. Correct. Can you please check save? Okay. Let's see. Let's see. Let's see. Say, say, say, man. Brutal bare market. Let's see if it has a chance. Oh, yeah. Actually, yeah, safely bullish when at the end of the fle bullish last Monday.

22:19 Hasn't done too much since then. But yeah, this this is a chart where it looks good for for several reasons. Number one, you see it is breaking out from this high. It's bull trend obviously, but it's breaking out from this high. So, that's good. and you have a bit of room until the next big cluster of resistance which you can argue is I mean basically all of this crap right here it's yeah it's quite a lot here it's quite I mean especially here especially here especially here so uh up until those uh numbers you have

22:52 like 100% right there is a bit of resistance here also not too much um well actually could be quite significant here also because is the is the low from 2023. Uh and then you have the big cluster higher up. So all in all it does look quite good because everything is a comparison. I mean every all charts have some kind of resistance but this one has a bit of resistance here.

23:18 Um 40% up 40 50% up and then big cluster of resistance more than 100% up. Um so all in all sui does look good. Uh, sorry. Say does look good use case. Who the hell I mean guys? Who the hell knows? Say is anyone using it? I don't think so. But don't worry about that. Don't worry about it. It's just a freaking uh a freaking meme. Everything is a freaking meme.

23:45 Let me just check. Say if anyone is using it in bull market. It's a meme. Look here. So low value locked very low. I don't worry too much about that because look at revenue decks 2K. Oh yeah. 45. Yeah, guys, you're not you're think of it as a meme, okay? You're not buying any kind of, you know, L1 or whatever like there's no L1. How you can have decks with volume 7 7day volume 45 man.

24:10 I mean, this is like transaction fees, you know, for for sometimes, you know, this can be transaction fees. You you trade a lot if you have serious money. I mean, if you if you're broke, you know, you're not going to have that many transaction fees, but you know, you have serious money, you do serious trading, it's not impossible you have that you have transaction fees.

24:30 Okay. Okay. So, anyway, yeah, let's see. Let's see how it how it's going to be. But uh what about Algorand? Let's see. I'll see Algoran. Al so Algorand it's also bull trends. That's that's good. But it's just so much shock. I don't like that it's so much chop, guys. I I want more of a big comeback story where it fell a lot and now for the first time it's recovering.

25:15 This chart I like a bit less is I mean second bull trend. So you can you can speculate here for sure. You can speculate that it's going to go back to these highs. There's still money to be made here. It dumped so much that you know even to this 2024 high you have 300%. So um even if it just chops and not goes to alltime high because it dumped so much you have quite nice trades here.

25:37 Um but in terms of having an alltime high runner this chop I don't like so much chop guys because there are other alternative you you saw say for example it's down and now it's up for the first time. I want more of this clean clean clean clean. Uh but yeah, technically bull trend there's a ton of the problem with chop is that it's ton of resistance everywhere.

26:03 Like it's ton ton ton of resistance everywhere. It basically needs to clear this high but then it's going to it's so much chop guys. So much chop like this whole coin is just chop. So yeah and uh this shop started in when it was born basically then shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping shopping

26:24 shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping ch shopping shopping shopping shopping and then shopping guys yeah yeah maybe it can go here you can you can speculate but it's it wouldn't be my number one choice for fault this is the problem guys with this this is an another example where if you are complacent let's say that you uh you bought Algorand at the beginning of the last bull market here and you thought it's going to go to alltime high.

26:50 Maybe you bought at all time high here and now you speculate that it's going to come back. I mean the problem is it did it never came back. Okay, so this is what I mean with don't be complacent. So many people now complacent. They're like, "Yeah, I I just bought the coins from last cycle and now they're going to make me rich." Yeah. No, people thought about Algrand the same way they bought it.

27:12 Okay, Algoran, make me rich. Make me rich. We have the full bull market. You see, you could have bought early and still got wrecked. You see, some people bought here like super early bull, you know, 20 end of 2023 like 0.25 and then it traded just a few weeks above it, not even that much and then boop collapsed. So, no, don't be complacent. This is going to be where most people get burned.

27:35 this bull market complacency just buying stuff they had last cycle again and hoping that okay now now for sure it's going to be good now no no no no and Algrand is a good example of that now technically it is bull trend but if you compare across different charts there are better charts where there's no resistance there's no chop you just recovery from a ma massive massive dump Most coins that tanked will not come back.

28:08 People will ape any new coin with 100x potential because we all regarded. We're all probably That's true. That's true. That's that's that's another thing. All of the old coins compete with each other and with new coins. So you really need to ensure that your coin is in bull trend and has a good good chart. Otherwise just math is against you. You're you're betting against math because every cycle there are millions of coins created.

28:36 So obviously each new cycle cannot pump all of the coins from all past cycles. It's impossible. So only specific assets are going to come back. That's so another point about complacency. Injective. Let's check injective. Someone ask about injective. Injective. Where is injective? Okay, here. Injective now is at massive massive resistance. Uh let's see bull trend for quite some time actually since uh June.

29:06 Uh massive resistance. But that being said, should it break it, you have nice trade to alltime high 600%. So this one has a lot of as you can see it's it's a lot of resistance also. It's kind of been chopping, but the chop here is slightly different because at least here the chop is and it goes up. You see, you remember with Algoran the chop was more, you know, like it went down.

29:30 This is also chop, but at least here it's upward chop. So, I prefer upward chop versus downward chop because you have you have bullish structure, more bullish structure. And uh yeah, there is resistance here. is now fighting with the resistance. I see we marked it on this chart before and should should we break it? Uh you have a nice trade here. So yeah, speculating here in a bull trend makes sense.

29:58 Uh and it is bull trend since for quite some time. So not bad. But Ivan if this cycle will bring true all season probably the blue chips from last cycles. who kept building will be valued higher than new ones because they have proof of time. Uh yeah, I mean the many misconceptions in the question, many misconceptions in the question. Many many misconceptions.

30:29 So yeah, let let's discuss. First and foremost, there is a difference between how high something is valued and what you get from it. There's a big difference. Um if it's already highly valued and becomes more highly valued, who cares? If you can buy something at a few million market cap and it goes to 100 million, it's still low value in percent in comparison to blue chips, but your results are amazing.

30:58 So whether something is highly valued or not highly valued, I mean to you it doesn't matter because you you're not an an insider in the highly valued ones. And uh the thing is many old coins they're they're already not I mean look at the top 10 look at the hype liquid look at everything else they're going to be okay they're going to do okay but they're not going to make you rich.

31:19 It's not like you know you're going to be become rich with the with with the top alls that are no-brainer that have all of the revenue and everything. Why? Because you're not alone to look at them. So everyone looks at them. Everyone already bought them or planning to buy them. And so biggest fans are positioned and yes I mean it's true that the things that have revenue they're g is going to be more valued than things that don't have and new but where are you in that story where is your paycheck in that story because

31:46 you randomly coming from the street buying at high valuation even if if it becomes higher okay so what so that that's number one uh then in terms of uh proof of time etc. Sometimes uh having proof and having actual fundamentals is bearish like in a bull market fundamentals they they they could be bearish. Uh why are fundamentals bearish in a bull market?

32:16 Because fundamentals can never compete with imagination. The imagination of the player is such that he will dream you can tell him anything. there, you know, the hexagons and pulsans, they're still dreaming in their imagination how they're like better than anyone else. There are many communities that in their imagination they are like top of the food chain.

32:42 Uh, in reality they're like the poorest, but in in their in their head they are they're somewhere, you know. ADA has been like that for the longest time. You know the the the most bullish time for ADA was before they launched smart contract was before they launched their thing because then imagination dictated valuation and you want always imagination to dictate valuation if you want high valuation.

33:08 It will not work forever but it can work man for five plus years. It can easily work for five plus years where imagination dictates valuation. You remember Cardano before they had smart contracts, man? It was the chain that would eat eat alive and Solana like it would eat everyone alive. As soon as they got smart contract and you saw, okay, there are no decks, there is nothing.

33:31 There is okay, no one cares. But the mental technically got better because now they have more contracts. They did not have smart contracts. Now they have smart contracts. But it's not exciting. I mean, what to invest for? Okay, now they have smart contracts. What is the next story? Because investments are always forwardlooking. So if you don't have anything that is forward looking like for Cardano, what is the forward looking?

33:52 Like what's the excitement? What are they going to launch? They already launched smart contract like no one cares. So what's what is the they're going to go to Zimbabwe again. They're going to, you know, make some deal with some dictator. Okay. Okay. Yeah, they already did that. So well, what what what they going to what they going to do? So now I mean you see ADA is still bull trend like is likely going to pump fantastically well.

34:12 But I'm just comparing to how it was in 2018 because in 2018 man the the hope and the bullishness was on a different level 2017 20 back then it was totally different. Totally different. So yeah fundamentals they're good long-term of course you need fundamentals but within a bull market sometimes it's good to have no fundamentals and have pure imagination.

34:37 You remember this series um what's called Silicon Valley. Silicon Valley. You guys remember Silicon Valley? Silicon Valley, we're pre-revenue. Have you Have you guys seen that? You You always need to be pre-revenue. Let me actually play you this clip because it kind of is the same like it's the same in crypto. Is the same in crypto. Let me actually play this.

35:03 >> One potential issue, our hosting fees could become a challenge as we scale, right? But we can offset a lot of that once we get >> or actually I don't want to play too long. I don't know if he's copyright probably copyrighted obviously but you see here he's he's he's saying that yeah we have high cost but we can offset that once we get once we get few customers and start subscription and then this guy their investor is like no no no no no don't have revenue don't have revenue you don't show no revenue no revenue

35:31 we're pre-revenue everything as soon as you start showing revenue here if you show revenue people will ask how much and it will never be enough the company that has 100xer Yeah, exactly. So, if you are pre-revenue, you can still 100x. If you have revenue, you become like 2x dog. Okay, you understand? So, it's the same in crypto, guys. You want to be pre-revenue, pre-smart contract, and the pre all of the upside.

35:57 Okay. So, that's how it is, guys. That's how it is. So, uh long-term, yes, you need fundamental. I mean, long-term, yes. How much you can Maybe five years you can Then, you need to show something, man. you need to show something. Uh XRP by the way another and another such you know pre uh pre-adoption thing. It's so bullish for them. People call it wafer vaporware.

36:18 I mean we've been calling it vaporware but man for the you see the price the price chart for XRP is not bad like in bull market is very good. Why? Because the you know it's what is it? What is it? It's imagination. Exactly. Exactly. So anyway some thoughts there. Some thoughts there. pre- pump, pre-smart contract, pre uh pre- everything. That's the best.

36:41 That's the best for evaluation, guys. That's the best. The less real the better. Doesn't matter if you have smart contracts if nobody uses them on your chain. Yeah, exactly. But the thing is now you have them. So everyone sees that no one uses them. Before Cardano did not have them and so everyone thought that there would be a lot of use. That that that was better for the price.

37:16 It was way better for the price. I would wish Kardan would remove their smart contracts and say they're coming soon. Let's actually see guys. Let's do a study here. Can someone tell me when when Ada launched smart contract? Let's see if they pumped since then or what happened or if they This is very interesting because before smart contracts guys, ADA was pumping so much so much.

37:41 When did ADA launch smart contracts? Let me just ask here. Okay, September 12th. Guys, you cannot make this up. You cannot make this up. Wait, wait, wait, wait. So, according to Google, smart contracts got launched September 12th, 2021. Guys, you cannot make this up. It It was here. Oh, it was here. The what? M. You cannot make this What? I I I knew it would be like that, but I didn't know it would be exactly like that, man.

38:39 It's exactly at the top. Yeah, exactly. They never recovered from the smart contract launch. No way. Holy macaroni. What the hell? What? Guys, what the hell? Look here. On September 12th, says AI, so I guess it's correct. No, man. No way. No way. No way. Yes, it was this week. Yeah. Holy guys. Yeah. should they should have not launched smart contracts.

39:25 They should have fired all of the geeks, all of the devs. Just fire all of them. Just do marketing. Just have Charles do live stream and talk about how Cardano is going to fix election in Zimbabwe and all of that. It would be better. It would be better. Imagine how much money was spent on all of the engineers. It's unnecessary. Necessary. They built something.

39:49 What is the result for the token holder? Nothing. She shouldn't have built anything. Should have taken vacation. Should have been fired long time ago. Okay, just do marketing, man. Just do Charles marketing. He was the best at that. Do more whiteboard instead of paying dev. Charles should have just done 500 whiteboard presentations. How ad is going to be like decentralized and they do see see they should have done more peer-reviewed papers.

40:17 peer-reviewed papers is the they had such a nice strategy peer-reviewed papers. You you guys remember they had so many peer-reviewed papers because it sounds like progress. It sounds like you're doing something real, but uh you you don't have to do anything real. That was the best most bullish time for for ADA when they when they did not ship code, but they shipped peer-reviewed papers.

40:45 Per reviewed papers. Cardano. Let's see. Cardano. Cardano per reviewed. Is it Where is the song? You guys remember the song? Papers. Papers. Wait, wait, wait, wait. 1,000. Let me find the guy who did the song. Yeah. Yeah. Yeah. Wait. Wait. Wait. Wait. Wait. Wait. One second. One second. Here. Here. Pars papers looking for >> on trading view. Listen, I sold my should I should I buy back?

42:08 Is fair market over or will we die and go over when we hit 5K my wife left me my family should I back or will die when he hit my wife my my back and form amazing man. That was so nice. We saw Bitcoin cryptocurrencies suddenly rallying and have rallied ever since. Is it really a store of value? Uh cryptocurrencies are not even currencies. A joke. No goods or services pricing bitcoin or >> I created one rule break.

43:32 I had to realize mistake invite. I only by the door for more and then we drop. Everyone else is the best in the world. Where will we go? Can you tell me sir, please? Cuz I only might be for more than I never can let it go. Everyone else is the best in the world. Where will we go? I only buy the top. Guys, this stream will not be better than this. We're going to be back tomorrow.

44:35 More news, more chart, more pump. Smash up the like, subscribe to the Bulma new list news list newsletter. Bulma newsletter. And see you very, very soon. Goodbye. Goodbye. Goodbye. Bye.