Transcript preview
Preview only
I'll just go back to the basics here. When it comes to trading a market like this and investing in a market like this, you only ever play at the extremes. Don't touch the market when it's in the middle of a range.
This episode is brought to you by Kraken OTC. Get access to twenty four seven trading services for high net worth individuals and institutional clients to execute orders over $50,000. You'll hear more about them later in the show.
Welcome back, everybody, to another thousand x podcast. We're coming to you live from New York and LA to talk about a slow market day.
Slow market day, but busy market in general if you zoom out a little
bit. Yeah. Today today today was you know, there's a little little bit of up, little bit of down. I mean, if you look at the last if you look at, like, a twelve hour chart, kinda nothing's happened since Saturday. We've just been chopping in a tiny little range. But before that was just absolute pandemonium. Yeah. I mean, we re we tested that 75 k level twice and held it. We recorded that absolute banger podcast with Felix where we said buy with both hands, and then the market proceeded to rally. And now we're sitting 10 to 15% above where we talked about that. And so I guess the question that
mean, I I it's hard to disagree that we're gonna be in a range for a while. Does seem like a good idea to start trading around the range. Just one little addendum to your point about maybe taking some profits if you bought lower. I don't forget to tax loss harvest if you bought higher. None of this is tax advice or financial advice, but check with your tax adviser and see if you can harvest some losses here. That's that's a it's always a good thing to do when markets pull back, because that's free money. That's free money right there. Short term capital losses can be harvested against ordinary
development. I mean, it's it's it's as simple it's as simple as if it makes money, it's a better project than the projects that don't make money. I mean, it's pretty so it's a reasonably straightforward thesis is that this thing is making money hand over fist, and there's just not that many other things that do. You know, not only it
not only does it make money, it attributes that value back to token holders. Like, there are plenty of projects out there that make lots of money, like, Curve, where the token if you hold the token, like, it's just you get some voting rights or some useless crap. Like, why should anybody HyperLeak could actually dividends the money to the token holders, in a legal way. I
do I do think that oh, and, hopefully, I'm right, but I I I do think that's gonna change over the next year or so, which is why again, I think one of the one of the things that you can do when the market pulls back like this, like, if if you're still interested in trading crypto, is you can start to accumulate some of the things that you think will have a good three to six month trend. And if you want, you can short the things that you don't like against it. Like, for example, one of the things I'm doing right now is I'm slowly accumulating everything in the RWA world, and I'm short of ETH aga
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.