In this episode of UpOnly, Cobie & Ledger talk to two traders who have been on fire: Z (@blknoiz06) and Hentai Avenger aka Bob (@HentaiAvenger66)
Audio Version
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Show Notes
Intro
- Ledger refusing to say Hentai Avenger
- Will go with “Bob Avenger” for the stream lol
Hentai Avenger
- “From last year to now made like a good sum of money. Then idk how I got here”
- Sold the top and bought the bottom this year
- Scaled account from $20k to $50M over last 5 years
- 21 y/o
Z
- Started crypto back in 2017
- Best trade was Solana at $1.50
- Went on a hot streak with alt L1s
- AXS —> AVAX —> SOL —> Harmony
- “If you just buy in and wait then you can get stuck being in old bags”
Avenger Before Crypto
- Avenger was an esports Rocket League pro
- Summer 2016 made $20k in Rocket League, threw it into biotech stocks, made a little over a mil in 3 years
- Then 2020 came and made it all back on the covid bounce
- First intro into crypto was DeFi summer
- Has a lot of money in metaverse shitcoins atm
Z’s Crypto Experience
- When he’s hitting a lot in a row he gets cocky, then when he gets cocky he’ll make a wrong call and slow down
- Leverage? Not worth it because he doesn’t wanna blow his account up
- Leverage keeps all your focus so you miss the gems that are coming up
p2e Gaming
- Z: “When I was young I’d play WoW like hours and hours a day”
- Hadn’t found a fun p2e game yet
- Really liked DeFi Kingdom
- TSM partnered with Aurory to play pro esports there
- Cobie: “I have some thoughts”
- Ledger: “I was gonna try to set up here for you lol”
- Cobie: “So I dunked pretty hard on this first person shooter game that I thought looked like shit”
- This was my (@cmsintern) tweet last night
- Thinks that these games aren’t good but people only wanna play them to earn and that’s a bad strategy
- The really good games that come where you play to own will be the best
- Z: “I actually haven’t made any money playing DeFi Kingdom yet I’ve prob spent more than I should have on heroes” lol
- Ledger: “Cobie do these games have to be better than traditional games?”
- Cobie: “If they aren’t as good then its not a game its a job. If it’s primary salary then it just turns into like serfdom”
p2e Gaming (cont’d)
- Ledger: “I don’t know I take the reverse. Like if I kinda like a game and I get paid to play then I’ll probably choose that game over the slightly better game”
- Ledger: “Like if I can play Halo 1 and get paid, vs Halo 3 and not get paid, then as the every man I’ll probably take Halo 1 and earn a few bucks”
- Ledger: “Like I saw CMS Intern’s tweet and was like holy crap I didn’t know they had 1st person shooters as p2e I thought it looked cool”
- There’s an incredible future for fun games that can incorporate the p2e element
- Ledger: “Do you think there will be a crypto game that’s top 10 or top 20 games in the world in the next 5 years?”
- Z: “I think so”
- Cobie: Cobie had some good points here, but I have to cut them out as a 1-time clap back for publicly dunking on me last night
Jk here is basically what he said:
- Cobie: “I think there will be a game that’s really good, and then it will transition to an NFT-based game with an in game currency”
Current States
- Avenger: “We’ve gone from DeFi to GameFi to some metaverse plays, but we are not close to the top for these metaverse coins until like Gary Vee is dumping all his money into these”
- Ledger: “FLUFs are my back door metaverse play”
- Ledger: “Theres some like metaverse stuff like AI”
- Cobie: “AI!!! lolllllllll”
- Avenger: “Most bullish thing is inversebrah tweeting the same coins as me”
- Avenger: “Any metaverse play listed on KuCoin is like an easy 10x from here”
- IT IS KUCOIN SEASON
- Z: “All the alts that popped off in November were on KuCoin”
- Avenger: “Basically anything that gets listed on KuCoin immediately does a 2-3x”
ETH/BTC Chart
- Z: “It’s going to infinity bro”
- Does ETH/BTC get to 0.12 ?
- Cobie: “If it gets to 0.12 then you get the flippening” (happens at .165)
- No reason it will stop if it takes .12
- January 2018 ETH/BTC got to 0.105
- Cobie: “0.1 is the last line of defense”
Bear Market Scenarios?
- Z: “I don’t think we get a multi-year bear ever again”
- Avenger: “Yeah I don’t think we do either”
- Cobie thinks we could have another 4 year bear market
Next Stops
- Avenger: “Metaverse coins!”
- Z: “What did Sandbox do like a 6-7x in a month?”
- Ledger: “CMS Intern shilled that live on air when he came on UpOnly last summer”
- Cobie: “I think there are a lot of reasons to be cautious right now”
- Ledger: “I can see if there are a bunch of Hot Ball of Money rotations shoutout Dan Matuszewski for that term” whaddup CMS leggo
Chat Qs
How’d you get in early on all these runners?
- Z: For Axie, finding higher lows when everything else bottomed
- Avenger: built out own risk signaling metrics
Avenger: “StunLikes on twitter, he’s like some private billionaire, I think he sold an algorithm to the government for like a couple million dollars”
Positions
- Avenger: “After $100k [BTC] I prob sell it all and I’m set man”
- Avenger: “You think we get to $100k BTC Cobie?”
- Cobie: “It has undeniably been the year of smart contract platforms. Been the year of SOL and AVAX and AXS more than its been the year of ETH”
- Ledger: “Are you diversifying at all?”
- Z: “Yeah I’m not as risk on as I used to be”
- Avenger: “I have a lot of real estate in Lithuania”
- Z: “Bro wtf” lmaooo
- Z goes on to shill Cosmos pretty heavily, kinda sounds good tbh
- Cobie says he’ll get some now
Anyone Smart Long-Term Bearish?
- Avenger: “Light?”
- Cobie: “He’s like short term bearish tho he’s just a trader”
- Avenger: “Then idk anyone”
- Z: “Yeah idk anyone smart that’s macro bearish”
- Cobie: “I have a few trad tech co founders who are smart but macro bearish”
Moar Chat Qs
Is college a scam?
- Avenger: “I like college I think college is cool”
- “Where else can you find groups of fatherless women just roaming around?”
AVAX top target? - Z: “$200”
SOL top target? - Z: “0.1 ETH”
BTC top target - Avenger: “$180k”
- Z: “I think 69k for Q1 2022”
- Ledger: “2022”
Best airdrops - Avenger & Z: “zkSync”
Flippening (within 12 months) - Avenger & Z: “yes”
FINAL ALPHA
- Avenger: “Be very careful who you tell good news to”
- Z: “Maintain a balance between crypto and the other parts of your life – will help your real life and also help your crypto trading – and also journal regularly”
Notes by Kevin
Music by GiovanniPickle