Transcription
Hello, welcome, welcome to another wonderful Wednesday. Hey, hello. Hello. Ooh, we got the comments popping up today on the right-hand side. If you are joining us, do say hello. Say hi. Uh, I am always very impressed on how global our community is. Like literally, I'm pretty sure after work and we've had uh over 6,000 people go through the UIG and over 700 clients go through FastTrack and at one point we had a map and literally like definitely no content and it's almost like every country was represented and these lives are no different. It's always cool to see where people are tuning in from and what parts of the world they're tuning in from. It's super super cool. So, hello, welcome. Hey, hey, howdy. Awesome.
Bit of a Q&A today. Hello. Hello. Bit of a Q&A today. Any questions you have regarding crypto, DeFi, your portfolio, how you're thinking about dollar cost averaging right now, which by the way, as we warm up to the room here, uh, dupe, share screen. I should have this ready for next time. Anywh who uh I was doing something today regarding um and soul and we were kind of talking about bare markets in accumulation during those kind of bare markets. We can see obviously we're in bearish markets here and this accumulation of in this example soul and setting up a ladder out plan which we have tools by the way but setting up a latter out plan setting out a possible exit or at least of a um a a you know where we believe soul could go in a in the next cycle or in the next bull market and then setting up a ladder out strategy. But I was explaining that whoops a lot of people get excited with dollar cost averaging in in fact I don't think many people here have a hard time buying assets and let me know if that's untrue actually in the chat are we dollar cost averaging are we stacking assets right now do we see that opportunity I don't care what we're looking at from BTC's to we got to change this from BTC's to ETHs stacking stacking stacking Um BTC we really need to change that. Uh you get the point. Do you see are are you do you agree with that? Are we practicing that? It's not just agree practicing.
So let me go into the chat. See what we got here. Awesome. Yep. We're going to go we're definitely going to hit stuff out here. Um if you leave ladder out below, we'll make sure we get it to you. Stacking with LP. Yep. Some people are using LPS to stack. Nothing wrong with that. I think people are Remember, you can use an LP. This is a great point to make. You can use an LP to enter markets. By the way, we don't know where the bottom's going to be. I don't know where the bottom's going to be. I don't know what Soul's going to do next. I wish I could. I could put up some charts and sound very convincing and let you know, hey, this is definitely where Soul's going next, and then I'll be wrong half the time. But you can set an LP at the top of a range and you'll just buy Soul all the way down. How cool is that? In that instance, you're not concerned with LP value, dollar value dropping because you just want to own more Soul in this example. So, you could set the price point or you could set the range to the bottom of, you know, $60 for Soul. And if Soul's currently at 90, you could enter an LP at 90 down to 60 and just buy up Soul while earning cash flow. That's dollar cost averaging in. Other some of y'all, I'm sure, just dollar cost averaging in, stacking BTC as hard as I can. Love it. Like that's easy. Psychologically, it's difficult for some people. If you're a new investor, then you're like, "Ah, is it going to go down further? Should I wait?" Like, I get that part of it. But actually hovering on Coinbase on a centralized exchange and then moving it to a ledger or a tang or a cold storage or through a decentralized exchange because you already have assets on ramped or you have some stable coin on ramped or you're using LPS to enter. Ultimately, that's not that difficult. Would we agree with that?
But, and like I was explaining in something I was sharing today. There we go. But that's not the whole story. A lot of people like you, you know, there's a lot of sayings and I agree with this by the way, but like money is made on the buy. Agreed. Because money is made up here. But remember, for us, it's still on paper. If you do not lock in profit, if you do not sell, you haven't made anything. Looks great on paper. Sure, your net worth went up, but it's unrealized. And many people will round trip. Who here has roundtipped a bull market or a cycle and then we'll get into a quick Q&A here. I just want to give me five more minutes. I'm going to wrap this up here. Who here has roundtlipped? Yeah, there we go. Sweet. Who here has roundtlipped a cycle or a bull market? You rode it all the way up. You rode it all the way down. Love it. You rode it all the way up. You rode it all the way down. My hand is up, too. A few. Okay. Thank you for the honesty. I roundtlipped. I remember at one point last cycle, I would refresh my phone. Now, this is two cycles ago. I would refresh my phone. I was in Mexico on a beach. Literally, I would refresh my phone and from, you know, the last time I checked it, my portfolio would be up 20k. And I remember feeling very good. I felt rich. I was like, "Dude, I'm making so much money. I wasn't. The assets were worth more, but I didn't lock in that profit." And I waited way too long. The market started crashing. I still own some of those assets from my first first first cycle, by the way. Like random random stuff. At one point it was up 20x. I waited. I waited. Some stuff I exited at 3x, 2x, 1.5x, 1x. Some stuff I sold at a loss, which did help with the taxes that year. But anyways, and I was just like, I am never doing that again. Sure, you can learn the mistake once. Is anyone here? Okay, one more question in the replay. Feel free to add. Is this anyone's first cycle? Because you can avoid that mistake. You don't have to learn the hard way like all of us here did it. You don't have to learn it the hard way. Roundtpping sucks, but it's a um you never do it again. Which is why I'm so animant on like Yeah. Sweet. So like look at this. Like you have such a advantage over all of us in here. You have s not an advantage. You get what I'm saying? You have you have such a head start, dude. Love it. Started last year, just hit a year last month. Sweet. Let's go. You don't have to make the same mistake. So, I highly recommend all of us in here have an exit, have a ladder out plan. We understand at what points we're taking profit. There's a video coming out here in the next week, two weeks around lading out and it's detailed. So, make sure you stick around and watch that. Again, we have time to do this, but like a month goes by fast and then you kick it off now and all of a sudden it's six months. Now you're deep in a bull market. You don't really know when you bought it. You don't know how much profit you actually have. Like it's just like it happens. Then it happens fast. Then you're kind of scrambling to figure it out or then you're unsure. Then you're wrapped in euphoria. By the way, you can tell I'm speaking from experience. Then you're wrapped up in the like didn't really have a plan. You did the hard part, which is buying assets, but you didn't do the other hard part, which is making a plan on when you're selling those assets. Dude, let's go, man. You have someone who has experienced a cycle, tell me if I'm lying, because I'm happy to be called out. You can make a [ __ ] ton of money in a bull market. Stupid amount. I don't know if there's many other investment opportunities that can do what you can do in crypto. I'm not making that up. If if I am, call me out on it. As long as you've been through a cycle and you've seen how fast net worth, P&Ls, balance sheets can rise, you've also seen how quickly they can fall. So, I would I would treat the upcoming opportunity Yeah. Maybe, maybe, maybe, maybe. Yep. Love it. Yep. Yep. It's I was just talking about that at the start. Like a lot of people say that and they do a great job of buying in the bear, but they don't actually realize it in the bull. So it's like, yep, absolutely. The the multiple is made the the the opport I should I should I'll do a piece of content on this but the opportunity for a multiple is created in the bare market but like obviously the realization of it the actual locking that in like the actual in my mind honestly the harder part is in the bull market having the discipline to actually realize it because most people Yeah, but still what's it like 3x 4x? That's still wild. That that I I would still expect that on most blue chips. Like that's insane. People do People wait 40 years to do what we can do in a year or two or four if you're counting bare markets for accumulation. What we can do in a fraction of the time because the market cap's so low. Yeah, the market cap is bigger, making it harder, so to speak. But also, so much of the market cap is made up of just crap stuff that's never going to honestly it's never going to see the light of day again. Hey, let's go. I rejoined UI after six months. Excited to be back, dude. How much Let people know how much the UI has changed. We have put in a ton of time, a ton of money, and a ton of energy over the last six months to completely revamp the UI. Uh, by the way, if anyone is kind of on the fence or wanting to join it, email Mike at info@crylabsresearch dot or I'm sorry, live at crypressresearch.com. We always have something special that we prepare for these lives. They always get taken within sometimes, honestly, like a few minutes, but if you email Mike, we'll get you something juicy so you can come join the UIG and check out what we built. It's hard. I can't say that. No, that's a lie. Um, it's not hard. I would say it's harder. Yeah, it's harder to do things alone. And I fully um can back that up. You only grow in relationship to others. And so like doing something with others who are on the same path and doing the same things because when no one else around you is doing it and you tell people what you're doing, they're just like, "Uh, what are you doing? Uh, I don't understand. Uh, are you crazy?" The doubt creeps in. So again, I I want to be like very honest and truthful. I do think in this day and age, um, dude, you can you can YouTube for hours and then you can Google stuff, then you can AI stuff and like figure it out. But the part that's the hardest, I think, is the mental space to actually execute on everything you learn and everything that you know you need to do. And it's so much easier when you're around people, which is also why we host these lives, because I want you guys like in community. Oh, whoa, they're doing it. Oh, I've been thinking about LPing and this guy's killing it. Maybe I should jump in. Um, oh, hey, Lucas isn't full of [ __ ] Like, like, um, I'm happy to be challenged. It's like, dude, a three or 4x, he can do that with blue chips. That's not that hard. And it's like, call me out if it's not. Rosa's like, which is good, by the way, because he's experienced that. I love it. Uh, LPS are liquidity pools, so you are a market maker. Uh, that's where we earn our cash flow here. Uh, check out some of the videos on the YouTube channel. You'll pick it up really, really quick. Okay, let's answer some questions. Uh, so please on I'm going to get into the questions. Have a ladder out plan. Please have a plan to lock in profits. If you need help with it, we're happy to help you with it. A lot of people are like, I know I need to do it. I even know what to do. It's like, dude, let's help you with it if we need to. Sweet. Okay, let's answer some questions. Uh, first come, first serve. First come, first serve. Um, I got a question, but it's kind of long with the back door, so trying to figure out a Okay, no problem. I'll get you. Uh, uh, Mike shared the link. Okay, I entered a car position. Radium, just a small $10. Love to hear your thoughts on that LP cards. Let me look up one quick thing. Why don't I recognize that? Probably because it's not uh in the top. It's probably Well, we'll see. It might be outside of our rules. Do you know the rules to enter um cards collector? Got it. It's probably this one. Eh, yeah. I mean, it's such a volatile asset if we're talking about the same one. So, that's why it's not on my radar. Um tip, this isn't always true. Tip if Okay, let me ask a follow-up question. Is cards something you fundamentally truly believe in and that you would hold for a long period of time? Because if the answer is no, I'd say don't do it just for returns. You maybe you entered it because of APYs. If it is something you're like, oh, I would hold this for a very long period of time, then my question would be what is the possible multiple you could make on cards if you just hold it? Because you think it's going to 10x, 20x, 30x. It might not be the best move to have it in an LP. I would rather you would be an LP with blue chips and use that cash flow to buy more cards for long-term holding. So, a few variables are in play. I don't want to like I don't know what cards is, but maybe you really really believe in it and you have a good thesis on it. If it's just something that you're like, "Oh, I don't really care for cards. I just entered this for cash flow." That can be um that's dangerous. I hope that helps.
What's the difference between a CL 100, CL 1000, C or 2000? I can show you here. Um, let's pop into Aerod Drrome. One sec here. Okay, let me just change my wallet. Aerod drrome. Beautiful liquidity pools dashboard. There we go. Sweet. And hopefully it shows us the liquidity curve because you'll see how tight. Uh, okay. Share my screen. Un momento. Bang. Nope. Not that one. Bang. Can you see that? Yes, you can. Okay. Uh, all right. So, see how this says concentrated and this says concentrated. Let's see if I can just pull up. Let me go uh TVL here. Let me go uh I want to make sure. Let's go. Um yeah, let's go by TVL. That'll be better. Let's go this one, which is obviously a stable stable, but that's okay. I don't use a drone, by the way. I mean, I I do, but I use um I use VFAT as a proxy to kind of manage my portfolio. I'm not saying to do it. So, let me get up to speed. Why does that look so weird? I don't like that. Oh, because it's a stable stable. Let me go something non-stable. Stable. One sec. Let's go this one. Come on. There we go. So, I believe what we're looking at here, my understanding will be the I believe it's how they um it's how they uh not index kind of label um concentration, but let me actually see if that's actually true. Uh one sec here. Um okay, there we go. Uh what's this? 4.1. Perfect. Perfect. And open this up. Sweet. Does show that. Good. 10 2030 3815. And let's find a 50. Let's find a 50. Uh, there's a 50. Perfect. Could be wrong actually, but let me see. Uh, open up. Yep. 5, 1.5, 3.5. So, see how you can Okay, there we go. Am I in the right? This is a 50. This is a 100. This is a 2,000. Perfect. 50.5 1.5 3.5 100 3 8 15 whatever. And 2,00 is 10 20 30 40 whatever. Um, now of course you can modify, but you'll notice that right off the bat. And then obviously aerodyome works very differently. Like you know how on UNIS swap you'll have like different feed tiers. Aerodynam works a little bit differently at the end of the day because it's going through um kind of a a um just because a pool has the most amount of volume doesn't mean it'll be the best paying pool because of their voting system here. Does that make sense? Sweet. Um the last O LP I bought was Super [ __ ] Breakfast in America. Yep. Yep. Not too sure what you mean. Uh soul headed to 60. No idea. No idea. Could could also head to 200. No idea. No idea. I We have a pretty simple rule is only buy assets that you believe in long term. If you're going to enter LPS at least, let's say you don't hedge. Let's say you enter naked. Let's say you completely mess it up and you get fully converted to that underlying asset. It's something that you would have dollar cost average and held in long term. Then you'll be okay. If it's not, you know, um let me ask you this question. Sure, we can speculate on where we think it's going to go down, but you know, you can use soul, BTC, whatever. It's like in a bull market, where do you think it could go to? If you think it'll only, let's say soul is at 90, you think it'll go to 110? Probably not a good buy. Is it solving a problem? Is there utility in it? What's the network effect of that said blockchain? If we're looking at layer ones and stuff, uh, it's changed a lot. There's a lot more strategies. Yeah, dude. We have a whole strategies page in the UI now that goes through bull market, bare market, sideways market, stable, and those strategies are always being updated. Yeah. Yeah. Yeah. What else do we got here? I'm just going through the list here. The UI has changed so much since I've been in it. Always adding. I love it. Thank you for that. Uh LPS, liquidity pools. Yes. Okay.
Is it more profitable to simply accumulate assets without taking profit for five or 10 years? Um, if everything worked out perfect then yes. This is a tricky one actually. One year in crypto is like 10 years in traditional markets. Maybe that's the best way to think about this. That's the way I'm going to think through it. So one year in crypto is like 10 years in traditional markets, maybe 5 years now, 6 years. So to to go five or 10 years out, you know, is like going 30, 40, 50 years out in traditional markets. I don't know how much crypto will change in a year or two. I don't even know what blue chips will be blue chips. So to me it's like and and I will say that the volatility of the markets you know makes that a little bit trickier too because you roundtrip where if you've got your ladder out strategy which I do and you lock in profits as you go and then as the markets correct you can buy back those assets as long as you're disciplined then that'll be more profitable. But if you're not disciplined, you want to be super handsoff, you don't want to play that game. And as long as you're in blue chips that that have a long-term potential and you're checking your portfolio and rebalancing as you go, then I'd say like that's not a bad move. But just remember 10 years is like 80 years. Like I I really believe Bitcoin will still be around, but like like we don't know because this space moves so fast. I would just say that to you. Now, if anything, you're like, I'm just gonna buy Bitcoin and hold it for 10 years, I think that's a really good strategy, especially if you don't want to multiply, you don't want to um lad out dollar cost average back in. Like, you'll most likely still be fine, but just to not look for five or 10 years and just say, I'm just holding this. Bitcoin, I'd be like, okay, anything other than Bitcoin, I'd be like, that's a long time. That's a long time. Dude, Peter, thank you so much, guys. Appreciate that. Email Mike live at cryptolabsource.com if you'all want to jump in. What do you think about Lombard LBTC? They bring DeFi to Bitcoin ledger. I'm asking your thoughts on the protocol. Let me just give me one sec here. Um, I'll give you my quick Lombard. I'll give you my quick. Let me just look it up here. Lombard. Let's read their thesis and their um you you can do technical analysis, fundamental analysis is what I like. Who's the team? What problem are they solving? Is this a problem worth solving? Who are they partnered with? Have they seen success before? Blah blah blah blah blah. Uh, let me just go one sec here. Maybe I'll just go this way instead. I'll give you my quick thoughts on it. Uh, I'd have to spend more than two seconds on it, but give me one sec. I could also run this through my AI researcher. It just takes 10 minutes. By the way, if you're in the UIG, go into the AI drops. In the AI drops, we're helping members build out their AI researchers where now you could go, hey, I'm going to drop Lombard into my research assistant. Um it goes through uh fundamental analysis, technical analysis, and you can actually build it however you want to build it. Most Bitcoin, so the core idea, most Bitcoin sits idle in wallets. Lombard lets users deposit BTC and receive LBTC as liquid Bitcoin tokens that can be used across DeFi apps while the underlying BTC earns yield through Okay, cool. Got it. Um turn your Bitcoin into a productive asset without selling it. Got it. It's it's a great solution. Kind of like putting BTC up as collateral in a way, although you're probably earning on this collateral. And I bet you the um bet you that it's a little more in the favor of whomever is using there's a bridge risk. Totally true. Crosschain security true. Lombard compared to RAP BTC blah blah blah how it compares to Babylon which is another protocol that it does I'd have to dive into a little bit but the fundamental problem or or idea that's behind it is sound but that that's every an idea is a dime or do like everyone has a great idea who's the team how are they executing on it what's their strategy how deep is their liquidity How tight is their security? Like these are all questions that you know what's the actual yields? Is it worth the risk and all the smart contract risk and everything else that comes with it for whatever you're earning? Or is it better to stick to a big platform, you know, but yeah, I like it. Okay. Do you continue to stick? Yes. Yes. uh 90% of my portfolio will be in BTC and ETH 80 80 minimum 80 that changes because the markets do crazy stuff but for the most part you'll never see me anything under 80 you'll never see me with B like it's all BTC doesn't have to be your strategy but for me yes uh no idea on that one I do have one app I use that uses plaid to connect with my banks and it's always been finicky. Okay, let's keep moving through these. We got another couple minutes. Okay, trying to make the story short. I had 70 ETH on a back in the OTC. Borrowed like 15k. I had 7 ETH on A. Is that native? Is that base? What's that on back in October? I'm guessing. and borrowed like 15k and put it in ETHUSDC. When ETH went from 5 to 4K, I just kept the ETH went out of range on the low side. Yep, nothing wrong with that, especially if it's an asset you want to hold for the long term. Uh, let me just keep going here. I think there's more of the question. I know that out now. Anyways, come December, I was going to get liquidated. So, sold ETH or sold I'm guessing that's ETH, not a ETF. and paid off some borrow. I owe about $1,500 left and have 2K LP position. Just paying off loan weekly. How did 15K become I borrowed like 15K. How did 15K become 2K? Got it. I owe because so 58k + 2k is 567800 and you had 15k. So you're saying that you lost half that value and I'm guessing the LPS were not hedged and if you did rebalance which it sounds like you did then you locked in that LP. So, I think those numbers would make sense. There's a bigger gap than there should be in terms of like how much you borrowed and how much you still have versus how much ETH actually went down. There's a bit of a gap there. Um, I would say that's a great opportunity to like uh we have a free tool. I'm just checking one last thing to make sure. Yeah, 20. Okay, kind of makes sense. Um, hedge your bets. You could hedge and at least you protect the downside to that. So when you do rebalance, you don't lock in that loss. You could use uh a perex like GMX. Uh maybe you could uh take $100 and play with that. So enter $100 LP. Maybe make it a tight range. enter a $100 LP, especially if you think the markets are like about to go red and then protect the underlying asset uh dropping in value by opening a hedge on a platform like GMX and putting, you know, $50 of collateral up times two leverage and then um learn how to protect that downside and then once you get that going, then scale it. So if and when this does happen again, you're protected to the downside. Yeah. Uh, Lucas, have you used pools on per decks? I haven't. I actually haven't. Um, have you? Let us know. Okay, we got to rip through this. We got to rip through this. Uh, I'm going to answer the stuff that I know for sure. Uh, the Ze privacy coin. Again, go through fundamental analysis first, then go through technical analysis, then you can make your decisions. It would be in the 1% I'm sure. I mean, what's the market cap of this thing? It's a lot of privacy coins. They'd have to have something really, really unique to make me even want to look at it. Honestly, I'm not saying it's wrong at all. At all, Zack ZK, right? Yes. Okay. Yeah, I know this one. Um 540. It could be actually, especially if you're looking for a bit of a Where are we here? 534, dude. 720. I'd have to dig into a little bit deeper. Maybe I'd have to dig into a little bit deeper. Wouldn't it be a big portion of my portfolio still? Uh we're up 131% over the next n over the last 90 days. It is hitting like an almost top. Not not exactly, but it's up there and we're starting to see it trend a bit down. Um looks like there's a lot of hype around it. So, either something really good is coming down the pipeline or there might be a much better buying opportunity in the very near future. It might be overbought, but who am I? I'd have to dig in for an hour or two to really like get get a vibe for it. But I don't think I don't think there's I think spending a couple hours and actually researching and making your plan around it could be really worth it for this one. Okay. You can be relaxed if you're not careful with Zack. There we go. That's good. So, someone left you some feedback here. That would be good to know. Yep, that's right. There you go. Okay. Okay. Da da da da. I'll bring that up in a sec. How much price has moved for That's right. That's right. That's right. Can you guys give us an update on e uh on um a I've heard some people got their liquidity, some people got their ETH back, some people still didn't. Uh, some people were able to um sell chunks at a time. Some people were able to sell their a ETH at a bit of a loss, but they were still able to convert it. I was able to get everything off. Let us know for for like I want to get a bit of a a feel for that. Where's everyone at with that? Yeah, I think they're doing a great job. Uh, a lot of people saw the obvious situation as a negative. And trust me, like it was just like really really if it wasn't handled the way it's h handled. And if it's not if it wasn't handled the way it's being handled, I would have been like this is going to be a big hit. because it's being handled the way it's being handled. I'm like, this is actual a sign of how far and how like how far we've come and how much we've matured in DeFi because 5 years ago, no one would be uniting to do jack all about it. It'd be like, "Oh, sweet. Let's just build something new. Let's do something else." Or there'd be lies covering lies covering lies covering like, "Hey, we're gonna create an NFT and you're gonna get it and in the future you're gonna recoup the value based upon protocol." It's was just like this was just like, "Yep, there's an F up. Let's get together. Bunch of freaking people." Like, it was impressive to see who was actually donating, how much they were donating, and what protocols and what projects were. And that to me is a sign of like, oh, okay, we are not in 2021 anymore. It's pretty freaking cool. Oh, dude. 100%. Yeah, you guys agree with me. I love it. Um, what are lending protocols beside AB do you recommend? Uh, there would be Combound, there would be Venus, there would be um there would be Nav'i, there would be um I'm just thinking uh I don't I'm pulling a blank on Soul here, but there would be um freak I freaking use it for my soul. Um lending soul. I'm pulling a blank here. Why am I pulling a blank? Not soul. Although Camino there be Camino. I use all of them by the way. Ah, I do think there's a lot of upside potential with ETH. I would still say both be earning cash flow in a hedged LP to pay back some of that debt, but also be stacking ETH because the upside right now of where ETH can go can quickly pay off all of that debt very quickly. Uh you will have to loop. So you are taking on risk with it just so you know. And I don't know in that video if it was last bare market or last bull market that was really easy to do. Right now that would be much more difficult but to get into the double digits very doable. 24% we're stretching. But to start getting to the 11 12 13 14% you can still do it. Just does take you will you will need to um yeah there are it is doable. 24% I'd say is a stretch. Maybe it's doable. you're taking on a lot of risk at that point and you're probably using multiple protocols that might not be worth it. So, I don't know when that video was done. I don't know if yalls remember last bull market, it was so freaking easy to earn yield on stable. Okay. Okay. Okay. Uh, correct. No hedge. Yes. Yep. Yep. And nothing wrong necessarily with that warn, but the second you sell it, you lock in that loss. If you hold it, you won't see any impermanent loss, but if you lock it in, you will see that impermanent loss. So, it's a decision you'll need to make. If you can onramp more capital and hold that ETH, if you believe in it long term, which I do, then you'll probably be better off than selling it and trying to repay the debt, blah blah blah. Um, rebalancing it, you're going to lock in the IIL. So, just be aware of that. You're in a tough spot there. Um, have multiple wallets, have really good security practices weekly, um, use cold storage, use ledgers, and don't connect to any protocol that is not trustworthy. If you do collect to potentially untrustworthy protocols, then just use a different wallet with some test amounts and just make sure you have good security protocols. Make sure you don't have any permissions still open from other protocols that were maybe shady in the past because they get you that way. By the way, um you have to take in crypto and DeFi, well not crypto because you could use centralized, but if you go into decentralized finance, decentralized crypto, DeFi, etc., you're taking full ownership of your assets. You're you have full responsibility. Uh so that does mean you have to, you know, protect the vault like a bank would, but no one's doing it for you necessarily. Does that make sense? As your portfolio grows and as you start getting into five figures or six figures or seven figures, you'll notice that you have multiple cold storage wallets. You're always I'm kind of Something weird's happening with my computer. It's been happening all freaking day. Anyh who, yes, we'll move on. Um, so many good questions. Thank you for showing up here. We'll go for another five minutes. I have 3K. I want to invest in ETH. I'm planning on doing LP with 1K, holding 1K, opening a short and lower side of my LP. Uh, I would be a little more capital efficient there. And I would not use 1K to do the short. I would use leverage on the short. Healthy. Go a 2x with 500. That gives you an extra 500 to distribute. So you could do like a you could do like a one point break 1.75 1.75 that would be two three Yep. That'll be three then you No. Um, come on Lucas. I would say do you could do then 125. Hold up here. Where's my calculator? Uh, so if we go if we have 3K and we do minus 500 for the short, you got 2500. Then you still can divide it by two. So 1 point all right 1,250. >> Uh, you'll be a little more capital efficient and that extra 2x on your short won't cost you that much. And you don't even have to open that short right off the bat. You can just place an order in and and have a point where it could open. That's probably the only change I would make. But other than that, um, Gucci, uh, there is one other thing you could do is you could put up all 3K as collateral and then borrow maybe 1.2 and then put eight up on an LP and then use the three or four as your um to open a short at 2x leverage. You could also do that. That would be another way to do it. That would be smart. Um, but the 111, unless you don't want to take any leverage and pay for it, there's really no downside to doing it for the most part if you do it wisely uh on a purpose. Yeah, you're going to pay some fees, but got it. All unfrozen. Yeah, I know some people just when LTV comes in or when uh sorry, when liquidity comes in, they've been able to sell. Yeah, it was a mess, but I'm out of there. Good. Most of you are. I would uh Yeah. And business as usual. Yeah. Um, you know, it might take time for people to build trust back, but to me, it's like how they handled it tells me everything I need to know. I'd say they're more trustworthy now than they were before because it was a big thing. And it wasn't always fault either, by the way. I mean, we can trace it back to some of the decisions they made on what they all like, I get it, but at the end of the day, how it was handled is like, yeah, pretty sweet. Okay. Okay. Okay. Uh, oh my goodness, you guys are showing up today. I love it. Arbitum looks unfrozen. Beautiful. Love it. Okay. So, if I invest USDC and make interest, how do they pay interest? Do you make money monthly? Um, there are some protocols where there will be a maturity date. There are some, but for the most part, you're getting paid, we'll call it every second. It's real time smart contract type stuff. So, you know, let's say you put $1,000 up as um you lend $1,000 out at 5%. Because the people borrowing it are paying 8% or whatever. You get the point. Uh the second you put the $1,000 in, let's say on a platform like Ave, you'll see 1,000 and a thousandth of a penny. And then in 10 seconds, you'll see 2,000th of a penny. You'll start accumulating interest instantly. And then you can exit at any point as long as there's liquidity of course which most of these protocols will of course have rules. People can't borrow more than is actually lent. So there's always liquidity to make the borrower whole at any given time. Yeah. Okay. Camino. Yep. Yep. Yep. Yep. Okay. When you get paid everyone in your pool, how do you decide when to convert it? I do it real time. I just do it real time. I want it. I don't I don't I don't time the markets with arrow. I just collect convert. Collect convert. For better or worse, you don't have to do what I do, but that's what I do. Morpho. Yep. Okay. Good, man. You guys are great for the soul chain. Thank you for showing up. If you're enjoying this, make sure you like it and maybe send it like when we go live, send it to a group or send it to a Discord or send it to something you're a part of. Let's get more people involved in this. To me, when I look at the markets, I'm like, dude, we're so freaking sideways. Accumulate. This is someone said it. This is where the money is made. Now, of course, you need discipline to actually lock in those profits. But this is when the money is made. And I think a lot of people are just kind of they'll come back when everything's exciting again, which unfortunately is the worst time to get back in. It's still great, but it's like the worst. Just from a purely mathematical perspective, it's the worst time to get in. Still can make money, but not as much as we can now. Okay. Right now, I'm using LPS to DCA and I I see this as accumulation phase for the blue chip. Yeah, if I go out of range on the downside, deposit treasury. Love it. Most people are not disciplined enough to do that because they're they're like, "Oh, I I put it $10,000 in and it's buying ETH and now it's only worth, you know, nine at the bottom of my range." But it's like you're not looking for you're not trying to preserve that US dollar value in that instance. You're just looking to get more ETH. And so, you know, whereas, and it's so funny to me because someone might say, "Oh, I bought an ETH at 2500 and then at 2200 I bought another ETH. Now I have two ETH." But they're not thinking about like, "Oh, my ETH was 24, now it's 22." They're like, "I have two ETH." That's the way you have to think about it if you're following that strategy, which I do as well, by the way. It's a great strategy. This is a great uh question. You are paying way more in fees by the way and your liquidation can be very very tight at that point. You could though by the way like you can you're not thinking about it the wrong way but look at depending on how you're playing the game. Your liquidation threshold. So for example maybe I'm only willing to take a 2% loss on being wrong directionally. So I enter a short. If I enter that short with 10x leverage I'm going to have to be really tight on when I exit that short. It might be within dollars and the market moves every minute by dollars and so it becomes very difficult to um you know to um you know if you take on a 100 100x leverage then it's like every penny moves uh move moves that position more than if you don't take leverage then it's like oh well this is every $100 moves that position versus every dollar at a 100x leverage. So things just move a lot quicker and the um yeah that's that's the only thing you have to put into consideration. So if you want to open a position and you're saying hey I'm willing to take a 2% hit on this if I'm directly wrong that'll get really difficult to do. Uh again we give five of these outish every week. If you're thinking of joining, if you've been on the fence and you want to join us in some way, shape, or form without committing for years, then Mike's got something really, really unique for you live at cryptoresarch.com. Make sure you get it because once they gone, you got to wait till next week. Awesome. I'm almost out of here. I like how you answered almost all the questions. I'm trying to get I'm trying to get through it. We got four more minutes. Sometimes there's a lot. Uh today we're going to make it right on time. Thank you for being here. Thanks for subscribing. I just left my ETH and A on the arbitum network even though it's unfrozen. I don't see the point pulling out there for a reason and the reason hasn't changed. Yeah, as long as you trust the protocol and you trust A. I'm a big fan of A. My mind has not changed around A. In fact, it's only gotten stronger with how it was handled. I know it wasn't handled perfectly, but it was handled pretty freaking good. So, nothing's changed on my end. Now, if it wasn't held the way it was handled, if blame was still being placed, if no one had to do anything about it, it was still frozen and nothing was being done about it, I'd be like, "Okay, all you're dropping the ball. What's the team? What's the leadership? Like, this is not going. This is not good. I've started stacking BTC and ETH on the base chain now, too." Me, too, dude. I've got like I've got got a nice little amount. I've got a nice little amount. We're looking forward to the bull run. Um, this next bull run will, if I play it right, will have me hit my next financial target. If I play it right, if I play it wrong, then I won't. But I'm going to play it right. I'm going to play it right. I'm going to stay disciplined, have my ladder out points, etc. Uh, we also bought a warehouse. Does everyone know we bought a HQ? Who doesn't know we bought a HQ? I'm going to talk about it for about two minutes and I'm going to get out of here. We want a building, not a massive building, but a building perfect for what we want. This has been kind of on the vision for a long time. uh building kind of a media podcast studio because we're going to have a guest coming through and then we are also doing uh all the cars will be there and then there's an office up top and I want to start hosting very soon uh this monthly mastermind which is more for the locals like local people uh and it extends much beyond crypto into business into strategy into all that fun stuff but we're also going to host uh UI and fasttrack clients and members ideally at some point we would do it monthly. We I cannot promise that, but we would definitely like to do our first one pretty soon. And if you are a member of the UIG, you will just have access to that. So, there's no cost for it. Uh, which will be pretty cool. So, we actually get to meet in person. I think there's a multiplier effect when you meet in person versus, you know, there's like I don't know. It's like there's something I don't know if anyone here attended our our inerson UI event last year. Yep. It was last year. Yeah, it was last year. Or was it two years ago? Nope. Little guy little guy was a few months old. It was last year. Um decided to do it when like we had a freaking brand new baby. Don't ask me why, but anywh who that's that's how my brain works. Um there's something that happens. I don't know what it is. It's like uh because I attend Inerson stuff all the time. It's like I'll learn, I'll learn, I'll do, I'll do, I'll do, I'll do, I'll do, and then it's like in person, two, three days. Bam. And there's like a I don't know what it is, but there's like uh it like solidifies or it like there's like three months of growth in like three days.
I don't know if that makes sense. But anyways, would love to do these literally in person. It's like, oh, we're doing this. Come in. We're going to have an hour live Q&A. We're going to have an hour or two live Q&A in person. There's like, maybe it's because the energy and then other people, and then you meet people, and then you meet other people, and your mind expands to what's actually possible. You're like, "Whoa, they're doing it. I could do it too." And then you just leave, like, inspired.
Plus, I think by traveling or breaking up the routine, it also, like, breaks up your thinking patterns, which makes you think differently, which gives you a different result, which, by the way, your results are literally just the result of your thinking. And many times, we just keep thinking the same ways, and we keep facing the same problems, but because we're thinking the same way, we keep getting the same results. It's like nice to, like, get shocked out of that pattern of thinking, and then all of a sudden, you have a different way of thinking. So you get a different idea, which leads you to a different result, which creates a different life. Beautiful. I will get out of here. I think everything has pretty much been answered, which is sweet. Um, we covered this. What was the deal with the E-tech? So, we covered that. Uh, you can watch the replay. I use optimism. What do you think is a real difference in using a chain over another? Um, yep, there are differences for sure. I don't really use optimism anymore. They did have some cool stuff going on back in the day. I don't know what the volume is like on optimism. So, I don't know what, you know, you can have an ETH-USDC position, let's just say on Arbitrum, Base, ETH Mainnet, Optimism, throw in Polygon, throw in Binance, throw in whatever, and the yields you can get are completely different because it's based upon the volume that's being, um, that's being bought, sold, transferred. So, I don't know what optimism, honestly, like I haven't looked at optimism for a little while. Not saying it's wrong, maybe some great opportunities on there. I'm more of a Base chain kind of guy because there's a lot of cool opportunities and a lot of volume flows through it, than an ETH Mainnet kind of guy because a lot of volume flows through there. I hope that makes sense. All right, beautiful. I think we got it. I think we got it. I think we got it. Um, yep. It's in that area.
What are the three lessons on the issue that DeFi over that we can use for the future as investors and users for DeFi? Um, I would say there's just one big one, honestly. I don't know if there are any others. You guys can talk amongst yourselves. I would say that, uh, even the biggest, I would still diversify where I lend. That was at least my lesson. I had everything on Aave, or like 90% of my stuff on Aave. In hindsight, probably not the smartest. Again, Aave's been around forever. They handled it well. Hasn't changed my mind on Aave, but nothing is too big to potentially fail. That's true for everything in life, I guess, isn't it? Um, so if you've got large amounts of capital or whatnot, might be a good idea to diversify where you lend and how you take collateral. I know it becomes a little more difficult to track, but and maybe it's like a, you got some Compound, you got some Venus, then you're like, multiply. Or maybe it's like you're, you know, you're instead of going cross-chain and trying to convert assets, maybe you've got positions open on Orca, so you're using a lend to borrow on, on Solana. Maybe you're doing the same over on Sui. Navi protocol, that would be Navi, right? Yep, Navi. Uh, there's a few, but I use Navi. And that, that would be really the biggest lesson. Nothing else happened that is like, whoa. Um, 'cause Aave handled it really well. That would be my biggest one. Yep. Let's go. Beautiful. Awesome. Thank you for the kind words. Email mike@live@cryptolabsresearch.com if you want this except times 10.
Plus, like, I mean, you guys can let me know, but like the freaking most amazing team in crypto lives and, um, lives and is building the UI. From Colin to Gordon to Christian to Angie, I'm sure you've met them if you're in the UI. Wickedly smart people, like way smarter than me. Everyone has their own individual strengths and made up for that. I think some communities are just like one person runs it, but like everyone has a blind spot and no one is the best at anything. So like, you need to build a team. We have a really, really awesome team. Uh, so if you want this times 10, you want to connect with the team weekly and daily, that's kind of, um, where it's at. I would say that's probably our biggest strength. Everything else can be commoditized or copied. We've had a lot of people basically just kind of like copy. A new community popped up that they're from our community and it's like exactly the same. And it's like, crypto for cash flow and like lend your Bitcoin and borrow against it so you never have to sell it, and it's $97 a month, and it's like all the same stuff. Like that is, that is something that is like, it's wild. Um, that is what happens when you lead the charge and you build the biggest community. We'll inspire people to build stuff. I wish they wouldn't just like make it the exact same because it's like, kind of lame. Like, dude, be a little bit more original and like, do your own thing. Like, I support that. If you're copying us and like copying everything, even our, it's basically a carbon copy of it, and that's happened a few times, um, then you just got to ask yourself, do you want to go to the people who created it, or do you want to go from the people who are trying to copy it? Um, and a lot of those businesses are run by one person. So again, there's blind spots. Again, maybe it's a great for some people, I'm sure it's great, but we've got a full-fledged team and, uh, very smart and do this full-time. They do this every single day. They're there every single day. So, and we work with the most amount of people, have the most data on what works, what doesn't. Build Defi Buddy, which gives us a ton of data as well. We own that software. It's pretty cool. So, email Mike@live@cryptowouch.com if you've been thinking of getting your feet wet in it, dipping your toes in the water. And, um, with that said, I'll see you guys on YouTube or next week's live or in the UI when I see you in there. Appreciate y'all. I'll see you soon. Peace. See you. See you.