Schoen breaks down the exact twofold framework used to position into high upside meme coins.
"I would say in terms of allocation, it's kind of twofold. So one's conviction, which had all the other factors that we talked about. And then the other is price. So I'm very keen on the asymmetry of meme coins and long tail assets."
Schoen breaks down why scheduled events are almost always a trap and how to navigate known catalysts.
"I think if there's always a known event or like time period of something happening, then I think that's kind of always going to be the sell the news. It's very rare on chain, it's very rare for that not to happen."
Schoen breaks down the ultimate 4 point checklist for isolating coins that actually have structural staying power
"I wrote down a list of what I look for in memes or just coins in general to my checklist. Okay, so there's four points here. So one, is it unique? I think that's probably the biggest thing. You see a lot of coins that maybe are replicas or try to exhibit similar things as in the past. But I think the number one above all is, is this unique? Is this something new?"
"You don't really want to be like, oh, this is the next blank. You want to be, this is the first. Another thing is longevity. Can it last? We're kind of right now in a cycle of like hyper rotation. So if your coin doesn't have like the process of longevity, which matters a lot for like attention as well, can like it form, you know, a community besides just the, you."
"Hype and virality online. I think that's very important. Something that's becoming incredibly more important recently is does it have barriers to entry? So can people copy the idea? Can people vamp it if it's just like a meme and it's not like a project kind of token? Like for example, I think a strong example of this is Kentaro."
"Where there is a significant barrier to entry of you have to actually have a good dev and you have to build a good game. It's hard to copy that and I see a lot of copycat games being built right now. But you get a lot of compounding effects when you have a growing user base and people who really like your product. I would say that has a significant barrier to entry. The last one is, does it incite any strong emotions? Whether it's excitement, hope."
Wood explains why sitting on the sidelines in cash is the most dangerous trade you can make.
"Right now, holding cash, I think you're going to get poor in the next one to two years."
Sats tells the wildest story of how elite poker players handle the stress of crypto volatility better than any trader.
"You know what's funny? A lot of the best traders I know are all poker players. Every single one of them. Like some of the top traders I know and there has to be some correlation. I would say one of the best traders I've known, I don't know if you guys are familiar with him, is High Stakes Cappital"
"He was around big last cycle. Legend. Legend of the cycle. Massive poker player. He's won the World Series of Poker a few times. This guy is a fucking beast. Honestly, one of the best crazy traders."
"I know. I don't know if a lot of people know him. Maybe you're listening. He just turned up this cycle. But this guy, I think he's got his Twitter on private now. But this guy used to hold some absolute monster positions in the red. He would hold like market changing positions. Yeah, quite literally. Insane positions. Yeah, in the red. And he would somehow come out on top. "
"Like he would be... millions, multi, multi millions in the red and come out on top. Guy's got balls of steel. I remember once he was down, I've seen him out of money on perps and I was following his Twitter, I had notifications on and he was like, oh, I'm in my room, like at the World Series of Poker, I'm blasting 50 cent. I'm down literally multi millions and neighbors are complaining. And then the day after he was up just an astronomical amount on it."
Swizzle breaks down why a multiday poker tournament is the ultimate training ground for managing high leverage perps.
"It's kind of like crypto where it's like you just have to survive. You have to be a cockroach. And then you have to recognize these little moments in time where
RJs breaks down a hilarious interaction with a seller demanding way over market value.
"He came to me to sell me cards and was like demanding, you know, I pay over market. He said, you should know that one. I was like, what?"
RJs breaks down what it actually looked like to build an inventory empire from absolute zero.
"I didn't even have a closet. My clothes were under the bed. And then my desk where I was doing the car business was literally touching my bed."
RJs explains why not every card is going to be a $100,000 card
"Not every card is going to be $100,000. Not every card is going to continually go up."
"So I think certain cards, yes. And there's going to be a lot of consumers that want low pop cards. That's just going to gradually increase the price of the cards. But I think, yeah, I really can't say if the market's peaked, it could go higher. It could last 20 years."
"I really don't know. At the end of the day, I'm just one person. And then going back to the melodic card. So I'm a volume based business. I'm going to pay super strong. I'm also going to sell at a discount to, you know, a business or a consumer."
"A lot of the time I have the cards, you know, I, certain people want X amount of cards at a time. So I pretty much try to flip it really quickly and I'm offering strong off the bat. So when someone, when I, when I offered 90%, I like the only calm that month, you know, it's a good offer. I think, um, honestly, it's just providing a lot of liquidity, but I'm not going to try to peak sale it ever."
Machi explains why fading AI is just as foolish as trying to fight the internet in the early 2000s.
"I fought tech before. So I know how it's hard to kind of like accept and adopt. But, you know, like I am one of the ones that have adopted... AI is here to stay."