The Wolf Of All Streets - Bitcoin & Crypto Dump AGAIN! Should We Be Worried?

Episode Date: October 14, 2025

Markets are flashing warning signs as the crypto sector sheds $150 billion in value — yet some of Wall Street’s biggest players are doubling down. BlackRock CEO Larry Fink says Bitcoin demand is s...urging globally, even as traders rake in fortunes shorting the market, including one who reportedly made $160 million betting against BTC. Meanwhile, Bank of America forecasts gold hitting $5,000 and silver $65 by 2026, signaling that institutions are hedging against U.S. fiscal and policy chaos.

Transcript
Discussion (0)
Starting point is 00:00:00 After giving renewed hope on a bounce, Bitcoin and crypto markets are dumping once again with Bitcoin down near $110,000. In the words of the Zen prophet Rob Schneider from the movie Waterboy, oh no, we suck again. But we all know that we're actually just trading in a range here, waiting for the market to absorb what happened last week, which was, of course, the greatest liquidation wipeout in the history of mankind in all markets. ever in thousands of years, actually just for crypto since it has existed. We're going to unpack all of this and, of course, tell you exactly how the arch-public algorithms behaved on my Robin Hood account during this period of historic volatility and insanity. I've got Andrew and Tillman.
Starting point is 00:00:50 We're going to talk through it all now. Let's go. Good morning, everybody. Yesterday we were going to $150,000. The dump was over. No more liquidations. Life was good. And today, back in the trenches,
Starting point is 00:01:20 wondering what will possibly come next. I've got Andrew and Tillman. Are you guys fans of the movie Waterboy? I mean, Tillman, you played a lot of football in your life. Andrew. I mean, I am a fan of Waterboy. I've seen it a lot of times. Oh, no, we suck again. Unlike Andrew, I can't memorize movies word for word, so I probably still won't know the quote that you guys want. I'll give you every single. You can do it. You can do it. Oh, we suck again. Yeah. All right. Well, Waterboys, one of the greatest movies of all time. I actually went to the
Starting point is 00:01:55 Bucks Niners game this weekend, and because the Bucks classic uniforms, look exactly like the uniforms from Waterboy. I saw 10 Bobby Boucher uniforms in the bucks like light orange mud dogs. It was amazing. Anyways, nobody wants to hear about that. Let's talk about what's happening. Of course, we have crypto markets had $150 billion. As China hits back at the United States of America.
Starting point is 00:02:20 What a shocker, guys. Unbelievable. We would never thought that it could be China that would destroy the market. Nobody's buying this. I hate these narratives. Yeah. They don't make any sense. And the truth of the matter is it was just a leverage washout, like a pure leverage washout. There were way, way, way more people that were levered in a significant way. And we saw a bunch of it on crypto where people... It levered up again. Yeah. $250 million this morning. It's nothing compared to a casual $19 billion. Yeah. But still $250 million like since I woke up.
Starting point is 00:02:56 Yeah. It's it's leverage is addictive. And as Caitlin Long has said so many times, a fool and his leverage Bitcoin are easily departed. So, yeah, I mean, we're in a position now where if you're using leverage, especially in crypto, and certainly down the scale of altcoins, you're just, you're asking for it. I mean, it's just only a matter of time. I'm not going to say you're dumb. I'm just going to say, I hope you know, you're gambling. Listen, it's not that extreme.
Starting point is 00:03:32 It's what portion of your portfolio are you using to do that? You know, if you want to play leverage, go for it. It's like playing the casino. It's fun. But as they say, don't cry in the casino. You know, casinos are built on criers, you know. And the leverage game is honestly, even most of the people who say, hey, I'm trading 100 to 1 or 500 to 1, these crazy leverage. it's really not 5001 that insinuates that the amount of capital that you have is multiplied
Starting point is 00:04:04 times 500 on the purchasing power side yeah it's magic you can take a thousand bucks and then you have a hundred thousand what what they're really giving you you're buying a rate a price range and if the price stays inside that range you make money and if the price goes outside that range either they liquidate you to the downside and you lose your your account or they liquidate you to the upside and they cut they cap your profits it's not an unlimited capped 500x trade it's a you can make 500 x your initial investment before we liquidate this trade for you so even the semantics of these trades are kind of you know suckers bets but they get you a lot of exposure in a very short period of time which is emotionally attractive to every human being
Starting point is 00:04:54 that's the sizzle of the steak that walks by. And if you're playing with $500 and you work three jobs and that's all you can afford, there is an allure. There is something that attracts you to this because you feel like it's the way in which you can kind of get started and, you know, make $100,000 or whatever it may be. But it's a retail extraction, like Andrew said. Leverage ladies and liquor, three ways to go broke, the worlds of the famous. You can't beat that one.
Starting point is 00:05:27 I heard if it flies, floats, or forget it, rent it. Yeah, the old Warren Buffett saying, you know, buy when there's blood in the streets, even when the blood is your own. Well, yeah, this is, on moves like this, this is why you keep available capital on the pipelines, honestly, because Tom Lee said it best, it's a buying opportunity, buy the dips, you know in a bull market he did he did by the way massively he now has two and a half percent of the etherium supply yeah yeah so why um if you believe that bitcoin is a hedge against global inflation uh you know number go up so a couple of data points that i think are important um there are some
Starting point is 00:06:17 financial advisors on twitter that i follow that aren't you know deep into crypto twitter but they straddle a line between, you know, traditional finance and Twitter. One of them said, and he predicted, you know, during the downturn on Friday, that BlackRock would be out in force telling people that this is an opportunity to add another $100 billion to their I-bit product. And then he followed that tweet up on Monday with,
Starting point is 00:06:42 sure enough, he got a phone call because he runs a firm. He got a phone call from his, you know, Black Rock rep saying, hey, this is an opportunity, yada, yada, yada. So that coupled with the comments from Larry Fink this morning saying, you know, hey, we've got to get the legislation for clarity to get done. We've got to move faster associated with crypto and regulation because we can't let this moment pass effectively. Black Rock, Larry Fink, and just their philosophy at this point is, nothing is going to slow this down.
Starting point is 00:07:23 It's going to continue to accelerate, and you better stay on board or get on board or else you're going to get left behind. And so they see this as basically nothing. You know, cool, it's a leverage washout. And everybody on crypto Twitter stays up for two days straight to talk about it. But at BlackRock, they're like, oh, look, you know, we went down by a few percentage points. That's just an opportunity to buy. My friends woke up Monday and we're like,
Starting point is 00:07:49 Well, it's 112. That's awesome. Should I buy some? That's literally what my friend said to me. They don't know that there were 19 billion in liquidations or that like, or that like, you know, the Bidenance people said it's all because of decentralized exchanges and they don't have insurance funds and it's hyperliquids fault. And the hyperliquid CD CEO comes back and says your liquidations were 100x what you're saying. You liars, like it should be 100 billion. Like, Larry Fink and friends don't care about any of this.
Starting point is 00:08:18 In fact, they would rather all of you get liquidated and all of the new floor be average Joe's in middle America buying Ibit in their, you know, retirement. What Larry Fink and the boys focus on is the fact that we haven't been underneath 100K and 159 days, 159 days. Like, that's an extraordinary number. That's a much more impressive number than, oh, there was a flashcards. crashed down to 104 in 23 minutes. We were back up to 113. Like, that's interesting, and we'll all talk about it for 72 hours and on this show. But the 159 days above 100K, that's the story that, you know, Ibit reps are telling financial
Starting point is 00:09:06 advisors right now and giving them an opportunity to talk to clients to add another half of a percent to their client portfolios in Ibit. And that's the first thing they were doing on Monday. they weren't talking about their S&P funds they weren't talking about that they were talking about their Ibit fund and pretty pretty extraordinary stuff it is you know from two or three years ago when not only were they not sure but they were certain that they should stay away from this too we want to make sure more people buy it we're going to make phone calls as quickly as possible on Monday to get people into the product is something it's really something over the weekend I
Starting point is 00:09:45 thought too about you know where do we go of course black rock's going to gather enormous assets in this asset class but where does a firm like bitwise go five years from now right so five years from now how big is bitwise if they're completely committed to the crypto asset class at large what kind of a fun company are they if five years from now the asset class is instead of you know four trillion it's 15 or 25 trillion how big is bit wise it's a huge huge huge player um in the world of finance as opposed to an emerging player uh in the world of finance it's it's pretty it's pretty interesting to think about where we're headed i'm not fooled into thinking that i this plagues me this is a something that literally has bothered me my entire adult
Starting point is 00:10:43 life and i'm getting close in terms of i feel like a thesis that at least lets me rest in in solving this but go look at every chart every single chart from the smallest you know fart coin to the biggest s and p 500 they all look the exact same they're they're literally the exact same chart yeah and you're just sitting here thinking how is that capital correlated like how is the liquidity so instantly drained across every market at the exact same time and that causes this cascading event. And so, you know, I've got some theories. But the point in me saying this is that if you have a scarce asset, let's just say that you, you know, Bitcoin, for example, and you are a market maker. You're a large exchange. You're a large player. You supply the bid and
Starting point is 00:11:39 ask at all times to essentially fill all of the gaps in the market and provide liquidity. Well, as supply dwindles, which we have seen that, as you see these large exchanges not have a lot of supply to play that market maker role, it's these events are buying opportunities for them. And so when you see orders go, when you see the order back, but basically get instantly swallowed and you see the price just start tanking the way that it did you someone's on the other side of those trades and if you start to look at like what the bounce is well at the end of those candles you couldn't get filled there was no liquidity down there zero so this was a cascading engineered cascaded event based upon algos failing and triggering each other you know knowing that the
Starting point is 00:12:36 avalanche was going to, if I'm a professional and I go out to a ski slope or a big mountain, and I look at that and I go do some probing, I go, hey, if I shoot a big stick of dynamite up here, there will be an avalanche. I can guarantee it. Well, that's essentially what this was. This was an avalanche event. And the only people that got wiped out were the leverage traders. So the reason why BlackRock, the reason why everybody that's, you know, not playing the leverage game doesn't really care. And if they took advantage of it, they're actually excited about the cost that, you know, the cost basis that they picked up in those purchases. I, you know, this is a game of who can accumulate the most Bitcoin. That's what
Starting point is 00:13:14 ultimately, in my opinion, this whole thing is about. And this is a lot of bet cash on Bitcoin not going down very much at all. And there was a lot of, there was a big pot of gold for a market maker to go get. And I think that's a too attractive. in a scarce commodity based market not to take advantage of it because that is what you pick up as your supply to basically continue to be the market maker going forward. That is what I think happened. And the reason why I think it happened,
Starting point is 00:13:47 you can explain it that way is because, you know, think about it like this, we all think in our simple minds that there's a willing buyer and a willing seller, if I go out and sell a Bitcoin, that there's an Andrew or a Scott or another human that's actively right then buying it. But that is not the case. And you can guarantee that that's not the case
Starting point is 00:14:10 because there's not perfect willing sellers or perfect willing buyers in unison across exchanges, across different securities. Like the fact that the charts look the same tells you that the demand was the same and the supply was the same. So who has enough supply to essentially, you know, engineer this type of a failure. Well, I think personally, this goes back to cryptocurrency being a
Starting point is 00:14:40 very unique asset class that provides Wall Street some very unique mechanisms and levers to pull to have these types of engineered events. One being, you know, just like the futures market and then the derivatives market acts like that in a lot of the Tradfai scenarios, options, I think the Dexas do that for crypto. And I think if you go overloaded a lot of money on some of these decks is you can cause a disjoint, you know, essentially a price that gets disjointed between the decentralized exchange and the exchanges. And that triggers the bots to start buying. And if you can engineer that type of a massive assault with enough capital, you can essentially guarantee to wipe out the massive, the 80% of the leverage zone. And once you have that,
Starting point is 00:15:28 the avalanche has started. You just watch the chaos after that, you know. Weissberger broke this down so well yesterday. It was like the whole order book. He's like, for better or for worse. He's like, I built the limit up, limit down on, you know, financial systems for better or for worse. We don't have circuit breakers here. He's like in every single market, the entire spread, everyone's bids and asks are within
Starting point is 00:15:52 a few percent of the price. Yeah. This is how markets are. And if you punch through that, the Adam goes to zero. Cosmos. Yeah, but what's crazy in the market? It's not really zero. Nobody's filling there.
Starting point is 00:16:03 it's a it's a cascade but yeah i mean it's like this is not abnormal and we have a free market here you know i don't think we want circuit breakers i don't think we wanted the market to close for 24 hours when a price went down well here's what i look at you know if you are buying with the smart money you you bought that you know it's whether you were highly leveraged or not and so yes if bitcoin goes to 1253 or what did we crack 126 this last push. It was like literally our title last week was like Bitcoin 126 or something. So 126, think about that. All of the simple money said, oh, 126, we're going to 135. And, you know, they took on a bunch of leverage positions and that's an easy, that's easy pickings, you know, do do the opposite of what you think the market's going to do, not what you.
Starting point is 00:17:03 you think the market's going to do that's that counter trade yourself that's what i tell counter trade yourself that's exactly right you feel most hell if you know that the market in counter trade your own instincts if well if you know that the market is engineered to induce emotion and you know that that emotion is the masses it's the emotion of the masses then you should be acting against the emotion of the masses not with the motion of Yeah, I mean, but we do, listen, before we dive more deeply into the market, I want to, we do have some potential catalysts here that are very positive. And I think it's important to remind everybody that just because a bunch of leverage got
Starting point is 00:17:41 flushed, didn't change anything fundamentally about the tailwinds that we have here. Morgan Stanley expanding access to crypto fund investments is really interesting because there's no more restrictions, just it was available to wealth clients. This is going to literally everyone. And this was supposed to happen like Q2 of next year. it's happening tomorrow it rushed it october 15th morgan stanley everybody's going to have access to crypto fund investments not sure if you guys saw this one but city bank confirms bitcoin and crypto custody launch in 2026 these things are kind of a big deal huge yeah it is you'll you'll find
Starting point is 00:18:19 that um you know it's it's no different than the NFL the NFL is a copycat league so is traditional finance it's a copycat league everybody is going to do the same things that everybody else does because it's all commoditized. You have to offer this stuff or else people will move their assets to another organization, get better pricing because they're actually doing a move. And then you're in a position where you're in a position where if you don't offer those products, you're screwed. So everything's going to be offered, you know, at large across all the big shops.
Starting point is 00:18:57 And then when the big shops do it, it trickles down into the RIA space because they use those big shops. They use the back end of those shops to run their businesses. So ubiquitous across the board. I'm really interested to see today and tomorrow because Black Rock's funds are T plus one. I'm really interested to see what the inflows or outflows may have looked like on Monday and Tuesday this week. Really interested to see what that's going to look like. Because, again, as I said, it's Tyrone Ross, who's the guy that said what he said about, you know, Black Rock making calls. They were out making calls on Monday, which means they're pushing for inflows, right, after a day like Friday.
Starting point is 00:19:41 They are pushing for inflows, which, ergo means they're also pushing, don't sell our product either, right? Buy more of our product. Don't have your clients get out of their products. It's an opportunity to get into the product. right the other thing as per you know tillman's comments where which by the way was a long diatribe on yes the markets are somewhat manipulated i i tightened it up for him um is that somewhat i guess is the word that i would call on the question there you're not going to find any you are not going to find a retail person that got filled on bitcoin at 104 nowhere absolutely nowhere did that happen
Starting point is 00:20:24 you know i could send out hey if you bought at 104 during the crash you know reply to this nobody is going to have it well if they did it was five dollars it wasn't anything meaningful yeah nobody is going to is going to have that that trade and in fact if you if you filled at 105 uh i doubt that you're going to have that trade so you know the lack of liquidity down at that i've got you keep talking i'm just going to i have a lot actually a feed on your basement while we're talking. Baby Ruth.
Starting point is 00:21:00 It's a live feed. You guys keep TikToking. I just want people to also be able to see what's happening in your basement. You know what? Storytelling back in the 80s was simply unmatched. Just absolutely unmatched.
Starting point is 00:21:20 It's a loud noise when he frees himself from those janes. The Fratelli, the Fratelli brothers, you know, they had a lot of time, check. All right, I'm going to mute myself. No, you're good. I like it. It's actually, it's encouraging to know. I mean, you talk about the manipulated market, right?
Starting point is 00:21:41 You know, we had this trader who made 160 million shorting Bitcoin like 30 minutes before the tariffs. Maybe he's just really good. But just so you guys know, he's super gigas short again from 115. yeah well guess what the fact that he's promoting that tells me he's probably going to get flushed the other way i mean look at what happened to james win i mean you cannot tell people he's actually retarded i think you can't say that word i'm sorry but he got like he is not a competent i don't think anyone that was his first leverage trade ever was a billion dollars did you know that yes it was like i made so much money i mean coins i thought i dip into leverage dip my toes
Starting point is 00:22:21 first trade ever a billion bucks yeah but the mindset uh is the same across the board right the chips aren't real they don't have real numbers on on there they're just different colors i mean if you if you if you get into the mindset of like a high dollar gambler um they don't think about the denominated value of each chip it's they're pressing and and when the hot when it's hot and they're taking it and so gambling or high leverage trading are essentially the same you're going after the juice and so he was after the juice he wasn't after the money it's at the end of the day it's an exercise of ego i think for a lot of people because you're just wanting to be able to flaunt what you were able to do to the markets well the market makes a fool out of all of us
Starting point is 00:23:05 they can stay irrational longer than anyone can stay solvent and so you know these drops i look at as irrational drops like the tariffs have something to do with small crypto projects that finding their footing with utility and signing real world deals and have just launched their main net a year ago and not i mean come on it has nothing to do with them they you can't even correlate him in the slightest bit so why would you why wouldn't you look at this as anything other than a sale did you go down there and tell yeah yeah i went i gave sloss some rock dead just buy some time you listen you don't have to give them the carrot not the stick Andrew. Oh, that's all I say. You know me. I don't, I don't have a whole lot of carrots in my
Starting point is 00:23:50 in my bag. Got a lot of sticks. I got a lot of sticks, though. I got a lot of sticks. Got a lot of kids. Yeah, that's true as well. It is. People will forget, by the way, this, that all of this happened in a couple of months and be back to doing what they're doing days so yeah it where we go from here um it's the it's the it's the larry think put you know if larry think's out saying hey we got to get legislation done really fast so we can build a lot of stuff that has to do with crypto um you know that's a larry think put um so we're going higher it's just a question when right um is it three days is three weeks it's three months just you know he's also developing their own technology for the tokenization of
Starting point is 00:24:41 because of course they are why would they let anyone else make money they've been working with securitized since i think it's actually trying to go public i think i saw it could be wrong or raising money i wonder if it'll be successful uh you know come on it's a joke that's what i mean like everything it's who has the gold makes the rules you if you flood any market with liquidity you but here's my here's my point like if you go into these markets and that are very thinly traded that have very little liquidity you can test this theory for yourself go find a portion of the order book that you want to buy or sell and go do it and you'll see that it doesn't move the book as much as your money thinks it does because new liquidity recognizes your order and comes in
Starting point is 00:25:26 and matches it outside liquidity it's not it's not the standing orders that you see when the order's place that liquidity shifts immediately upon you making that trade so um you know, you don't have a human being on the other side all the time. You have a market maker. And what's the intention of the market maker? The intention of the market maker is stability of price. So if, for example, there is typically a large downward movement price, the market maker should be in there supporting the price.
Starting point is 00:25:56 Well, whoever engineered or whatever cascading event took out, they're essentially telling us that they wiped out all their liquidity. That's why they didn't step in to make any buys. you know, and some of these alt points you saw go down 99%, literally 99%, which means there were no buyers on the other side, all sellers. Well, that, how do the charts look the same then? You have to, you have to do if you're any sort of trader or anybody that is in the markets associated with crypto, whether you're in exchange, whether retail institutional, whatever it happens to be, you have to do a meaningful deep dive on what this looked like in real time because suey going from
Starting point is 00:26:42 three dollars and 30 cents down to 55 cents that's that's 50 yeah that's that's that's a that's absurd right like that's a ridiculous thing and by the way nobody got filled at 50 or 70 or 80 or 90 nobody got filled right so you have to decide all right am i going to traffic in the top three or tokens because there is liquidity probably almost all the time or am i got to fool around with some of these in the 10 to 15 20 25 which while they may have meaningful market caps the liquidity is is a myth essentially it's a myth so you know these are opportunities where you say okay maybe i adjust you know the risk that i'm willing to take um because you know there's a little bit smoke and mirrors with some of this stuff. So be careful. Be really careful. Again, leverage is,
Starting point is 00:27:38 you know, it's almost certain death is what leverage is most of the time. So you just, you have to be extraordinarily careful. You can't sit on leverage overnight or over time. That's a really bad idea as well. You just got to be very, very, very careful with leverage. And the fact of the matter is, is that most retail folks, and even most folks that are doing it full time still can't handle it. You just have to be really careful with leverage, really careful. Yeah. Really. The more volatile, the asset class, the more dangerous leverage is.
Starting point is 00:28:17 So when you're talking about the most volatile asset class in the world, probably not a good idea to go 500X at leverage like some of these exchanges are offering. I mean, you know, Coinbase is. almost turned themselves into bitmex at this point. Like, what's the difference between Bitmex in 2019 and Coinbase today? Not a whole lot, to be honest. They just increased their leverage from 10x to like 50x on Perps, I believe. And that just happened in September. They basically list darn near every token that exists.
Starting point is 00:28:52 So, you know, we've got to a point where Coinbase, not all that different than Bitmex. right and what was bitmex bitmets was essentially a an ongoing log of who did or who did not get liquidated on any given day literally that was the bitmex mean i got liquidated and then it'd be the arthur hay's face with the smile you got liquidated right that was the meme in 17 18 1920 right so it is uh you know i got kicked off bitmacks for being american you and they kept my money I'm laughing with you My account This is like 2017
Starting point is 00:29:37 My account one day just wasn't You know it was like You're geo-restricted or something Your account's been canceled It's like 10 grand in there So more than I don't know Good luck taking us to court No
Starting point is 00:29:49 And then it was like Contact customer service There's no account in your name I'm sorry You cannot cut contact customer service because we do not have an account with your email address you have been deleted from our universe meanwhile you get liquidated they could just literally like rob me in broad daylight instead meanwhile you're you're doing interviews with arthur itself the past 48 hours
Starting point is 00:30:15 what was the what was the uh the old meme like uh like run the stops daddy needs a new lambo or something yeah you got liquidated it's him with the smile and the laugh is what it is you know let's let's let's but uh first of all before we go into arch public peter shift says we're going to 75 i mean i hope we do what god after watching arch public fire for the past week i could i would clearly listen the buying if you believe bitcoin's going to 750 you know it's a buying opportunity whether it's at 125, 111, 175. What you really wanting to do is just buy when every, when there's blood in the street. So you just want to be counter, uh, counter mass. You guys did, right? I mean,
Starting point is 00:31:09 this is, uh, well, we'll go into mine, but this looks like it's on the six hour. He bought it, sold it 120, bought it went away. It sold at 125, bought it 11. You know, like it's, it's so easy. So should we talk about it? Like, because we, we did this in real time. Crazy a situation. I, I actually think this is the greatest stress test for a, I'm not a stressed person. It's not for me, but I think most people, if you were due, that this was a stress test for human emotion because of the dip, but also on arch public. Because what happened, you guys were here. We were getting set up last week.
Starting point is 00:31:42 I was with the team and I was like, let's bathe test a week. You know, Bitcoin went straight from 114 to 125. We're like, well, there were no dips. So, you know, we wouldn't have really bought anything. I was like, I want to buy the shit out of this stuff. We're at 126, right? And I was like, my metric is I'm smashed buying $100,000 for $126 or we beat that, right? Because, so listen, the market, like you said, a lot of people thought it was going straight to $1.35.
Starting point is 00:32:05 I wanted to get in. I called your team. I was like, okay, we're looking good here. Let me bring up my charts. Like, we've got, these are all our Algos. We've got set up over here. We got one, two, three, four, five, six, seven, eight, nine, ten. We had 12, we had 10 set up.
Starting point is 00:32:18 And I was like, yeah, six hour, daily, 12 hour. let's do the hour let's do the hourly this is the one day chart so it's going to buy less frequently than some of the other ones that you have set up but these are the types of exhaustion candles that you want to be buying on going long if you ask yourself like did i are most of my longs taken on big green candles or on they are they taken on big red candles the answer should be big red candles if you believe in buying the dip uh or getting the best average curve cost or cost curve. And so if you look at the two entries that you have and you drew a line between those, that's a very healthy sample of the price action.
Starting point is 00:33:06 It skipped over. Yeah, yeah, exactly. So that's what you want. You want to do that repetitively over time. So I want to tell you guys, Robin Hood didn't have issues. So I'm on Robin Hood. we're paying fees, but they don't have an order book like everybody else does, which can, you know, it could hurt you on spread sometimes, but on a dip like this, you were able to buy them. So we had buys all the way down, 110. So listen, like I was going to say before, the stress test, right? We had the perfect storm, which was me saying on Tuesday last week, I want to accumulate as much as humanly possible in case we go up.
Starting point is 00:33:45 And if we go down, we'll buy more. So what I did with the algorithms, because I said it on the hour. in four hour to go fucking nuts and bought $30,000 of my $100,000 account, like on the dip to like 122 from $126, right? And I was like, awesome. Of course, we continued to dip, believe it or not, with all of that until I haven't even checked this morning. Last night, I was completely up. So we have like unbelievable, right? So we were buying Bitcoin all the way down to 110. If you can see, we bought the very, very lows and we're closing those. here and buying again incredible salana buying all the way down closed twice added more above my cost
Starting point is 00:34:29 basis on salana and eath is below current price and even with all that in mind we had the one most crazy perfect case scenario which was that you know obviously this is set to buy on daily closes or candle clips hourly closed four hour close if you guys remember it was like 112 to 106 to 112 within an hour. Yeah, yeah. Right? So like, we can look at this and be like, oh, Bitcoin went from 126 to 101 on finance. Like, how is your cost basis on Solana only, you know, like 189?
Starting point is 00:35:01 Well, because like you said, it happened so fast that nothing was by it. We are, so I'm actually maybe down across entire account 2% and deployed my entire stack and waiting for more money to get in. So the overarching. That's what I chose to do. And I told you guys, I was going to add more money. the overarching theme is without knowing anything was happening. By the way, I was only watching Bitcoin because it was like Friday night and I was doing
Starting point is 00:35:23 stuff and I was like, people were like Bitcoin's crashing. I didn't even know all that nonsense was happening on Cosmos and any of that. And I was just getting emails and I was like, this is the best fucking thing ever. I'm sitting at dinner. I would not be in front of my computer buying a $110,000 Bitcoin. Bang, bang, bang. And remember, my metric is get as much Bitcoin as possible. lower than 125 when a guy like me would have taken $100,000,
Starting point is 00:35:50 and been like, it's my time to buy Bitcoin, I'm going to buy this right now. Yeah, pull up that Salana chart, if you don't mind again, and then let me walk through it real quick for the viewers so they can see it. This is on the, this is the Salana six-hour arb. Yeah, so these are six-hour candles. And if you look at those two long positions that were actually three at the giant, the bottom of the giant wick, the biggest wick at 1400, go to the 1400 times. stamp and you'll see it. And then you see two more purchases there that are longs. And then you see
Starting point is 00:36:21 those two closeouts on the pump up. So here's the question that you ask yourself, okay, if you're wanting to buy Salana, which you are, and you're wanting to accumulate a stack. That's 177 to 205. I want to trade. Yeah. So if you're looking at buying Salana, right, you want to buy a healthy cost curve. You want to buy on all the dips. You don't know if those big green candles or in this case gray candles are going to exist or not, right? You don't know whether there's going to be a bounce or you don't know if it's going to continue to crash. But here's where this separates you from being a manual trader. If the bounce takes place, you're going to cash out. So you're going to be taking profits in a time where some of your other positions are in the negative. That is harvesting
Starting point is 00:37:08 volatility of the market. So if you are looking at this, you say to yourself, okay, well, I had two exits and four entries. So I basically have accumulated salana on the cost curve that's at the very bottom of all the red candles, which is the best cost curve. And when the candles presented themselves to the upside, giant green candles, I was able to harvest two trades off of that and pull money off the table. That's why if you have these algos set up, you really love volatile swings because action happens, you're trading. And to the degree that you want to press the action, you can dial more capital in on each trade you can take less capital off the table in each trade everything is completely user driven and completely customizable so that you can dial it in yourself to exactly
Starting point is 00:37:54 what you want but i still have i'm checking over here i still have 20 grand worth of salana that we've bought correct and i lighten that to improve the cost basis and had more cash to then buy a bitcoin dip this morning that fired at 8 a.m. on the 12 hour arm well and that's you know I saw I had 20 grand worth of Salana that's at a cost basis of, I don't know, when, okay, at a cost basis of like in the high one 80s. And last week at this time, what was it, the seventh? If I had just bought Salana, I'd have been buying it at 230, 235, 240. So now I own Salana at sub $190 and got cash out of it to buy more Bitcoin.
Starting point is 00:38:40 Correct. And you just did all of that, by the way. You did all of that completely hands-free while- No, I did that. I'm a genius. So you did all of that hands-free while you're doing other things, living your life. So the takeaways over the last four or five days are this.
Starting point is 00:39:00 One, you have significantly more of the crypto that you want to hold in your portfolio, right? So our algorithms went and did the work that you want. wanted it to do at better prices than you would have done it yourself. And then secondarily, there was no version of what you were doing and what the algos were doing that had anything to do with leverage. Scott Melker did not get liquidated. Scott Melker had no risk of being liquidated with Archpublic products. So you're simply grabbing best prices for the best outcomes while you're having dinner on
Starting point is 00:39:42 Friday or you're with your kids on Saturday, Saturday doing something, or you're at the Tampa Bay game on Sunday with your family. These are all happening in the background and happening in ways, again, that even if you sat at your computer for 72 hours straight, you still probably couldn't pull off. Well, this boils it down to really a capital allocation question, which makes it a very simple question. Like, do I want the buys to be more aggressive and allocate more capital or do I want the buys to be less aggressive and, you know, buy less capital or buy less of a position each time? That's where each individual has their own preferences. It was really interesting to go through this with you, Scott, because, you know, it was exactly what
Starting point is 00:40:28 I expected. It's a very aggressive crypto mind, right? It's somebody who's not tradify. You know, you were born in the darkness and you love the, you wanted as much activity as the markets could give you and you got it. I was emailing the shit out of your guys. Oh, man, it was awesome. It was a lot of fun. But see, that's not a bad way so people know. Like I just, I'm like, I was anal about it. I was like, okay. So, you know, we had this massive candle within one hour. Is there a way we can get this set up? So if we get, you know, that once in a decade flash crash that we happen to get the first we were doing it. But I do catch that. Right? And they're like, yeah, we set up anything you want, right? So we've been tweaking and tweaking. And this isn't just because it's me. You guys do this for all
Starting point is 00:41:10 your concierge everybody even a free customer i didn't get a special i didn't get a special experience and so we tweak it right so listen we had the craziest first week you could have ever had using anything yeah well you were on you were on with our concierge team before the call today like you were you were tweaking things before the call so our guys are always on the ready uh available to not only evaluate where you're at but where where are you going and okay let's make this adjustment or that adjustment let's see where it goes see if yeah like i don't need the one hour buys anymore i don't yeah let's see if it satisfies what you want and then if it does great if not we can make another plea that's well let's just talk about that you just said i don't need one hour buys anymore you're right and why you don't need one
Starting point is 00:41:54 hour buys is you have the one hour buys in your strategy because you wanted to aggressively accumulate a stack well this these dips provided that opportunity and so now you get to adjust it but that is the very nature of the flexibility of the software is it's a reallocation tool that you can constantly monitor and constantly use to do both buying, selling, and trading, you know, in the event that the market's moving, moving sideways. It's so fun to watch. It's addictive. Yeah. And that's why we have. Because I get the email, I get not only the like, I get a Trading View alert that goes off, like on my phone and my thing. Then I get the Trading View
Starting point is 00:42:35 email that's like your alert went off. Then I get the Trading View email that's like your alert went off. Then I get the Robin Hood you've placed an order. Then I immediately get the Robin Hood you've bought. And when it was going nuts, it was like 20 emails at a time. Because like I'm firing on the six hour, the daily, the one hour, the four hour. Because, you know, when it really goes and it lines up to like the daily clothes, you're fired. Yeah. No, it's very addictive.
Starting point is 00:42:59 We recognize that in ourselves very early in this game. And I think that one of the things we love to tell people, is like seeing is believing you if you've never traded automation before and you've heard about it and you've heard the terms of kind of high frequency trading or automated trading or algos or whatever it may be some people call them bots you you probably have a misunderstanding of what we're offering it's too robust too flexible it's a very vast toolbox that allows you to pretty much do anything that you want in the markets and so seeing is believe is believing and we have recognized that and that's why we've offered our product for free so if you
Starting point is 00:43:43 are interested in seeing you can come to our website sign up we will get you set up for absolutely no cost whatsoever and if you trade less than 10 000 a year or accumulate less than 10 000 a year in crypto it will always be free to you so the only thing that our software does on the free packages is when you get over that threshold it waits another it waits a calendar year before you have that allocation again. But other than that, it's completely the exact version of the paid version, minus the caps. So if you want to see what we're talking about and you want to use it and you want to have a lot of help in doing so, our team is standing by and our free product is ready to be just quickly. Somebody commented on Twitter so they won't see if I write a response. I want to step
Starting point is 00:44:28 an account with Arch. I need Robin Hood, Hood, Coinbase, Cracken, Gemini, and more coming. So no, not necessarily. I wanted to do it with Robin Hood because I got one of my good friends is over there and we wanted to, you know, yolo together and figure it out. It was a good reason to get onboarded to Robin Hood, but you do not necessarily need Robin Hood. And I do want to answer this one question. Someone asked, is there evidence or even back testing we can see for its performance in a bear market? So the answer to that is, frankly, on our website, we have a case study that says trading all-time highs three ways. Right. So if you're at all-time high is, generally speaking, you're going to find yourself in a bare market sooner or later.
Starting point is 00:45:08 And so we have numbers that back that up in a case study. Secondarily, you can go use our free product and you can use Trading View to test any time period in any way, shape, or form. So pick a absolute bare market lows and test the product, test several versions of it. Well, and here's the best part of the testing is a lot of people, you know, even hear what you're saying, Andrew, and I know they're thinking, well, if I test a time period and I don't like it, then it doesn't work for that time period. No, you can adjust it to work for that time period. That's the whole benefit here is that you can take any stretch of time and you can create
Starting point is 00:45:50 your own set of rules that would have worked for that time period. And if that time period presents itself in the future, you're going to have a fishing line in the water ready to take advantage of that. also i mean it's just about how like willing you are to buy and how much you wanted to buy and what your parameters are like if you don't believe you're in a bare market and set 1% dip buys you might run out of money pretty quick if you are you know you have to take some like actual responsibility for how the thing works if you're like i'm in a bare market and i think we're going to have one of those 50% retraces you set some really wide things and you're going to be buying the shit out of it all the way down with your full allocation, right? That's right. And that's where this becomes a much more disciplined
Starting point is 00:46:34 approach because those rules are limiting. For example, this is a good exercise. If you have a trade on whether it's margin or not, and the price goes down by 20% in that time period, a week candle, for example, and you have a trigger of every time in a week the price goes down more than 5% trigger that event well you only picked up one unit of exposure because that is a one candle that was 20 percent and your rule is per candle whereas if you're smashed buying you're allocating a lot more to that candle because you're undisciplined and it's emotion and all that and it takes a lot of discipline to sit there and buy six purchases over the weekend when you're doing other things so this is just a natural way for you to be accountable and set those accountability standards into the software
Starting point is 00:47:28 to where it's managing the capital allocation portrayed in a way that you don't run out of money. If you don't want, if you want each trade to be $10 and you've got a hundred grand in your account, well, you're never going to run out of money, right? There's not enough dips. There's not enough candles. But the point is, is that you can re-engineer it at any given point. And let's say your capital goes from 100% cash, 0% crypto, to being 50% cash, 50% crypto. Well, you go in and you, like you did, you pull off specific timeframes that are going to stop aggressively accumulating and focus more on trading the stack that you've accumulated.
Starting point is 00:48:08 I mean, we back tested. We literally did the back testing on like when I was discussing it. And it was like, yeah, this, you know, 200 times a year, this one would fire. Right. If I kept it like, right, we could have done 20 times in a day because we had six months of volatility in a day, right? So like, yeah, but that still could end up being 200 times a year because there might be six months where Bitcoin doesn't move 4%. You know, it happens all the time. We just got, I got the full experience in one week.
Starting point is 00:48:38 It was awesome. Arch public clients find themselves. They don't message us oftentimes when the markets are going higher. they message us with smiley faces when the markets are going lower because they're like, all right, it's about to hit down 2.1%, down 2.1%. Okay, I hear all the alarm bells going off. I'm so I'm so I'm getting trades. So I'll just read something from a client that was mentioned yesterday to one of our concierge's
Starting point is 00:49:07 team says, love seeing the big volume of trades executed so well while I was chilling with friends watching college football and such, not paying. attention to the market just as you guys advertise happy client thank you right so it is people are somehow it moves their mind from i want new all-time highs to these are assets that i want to accumulate and i know that i've set my percentage as a certain way so i'm hoping that that percentage is hit so i can get great executions which you know levels out my cost curve and and that's how people think when they start using our tools. Yeah.
Starting point is 00:49:46 And when you have, there's a setting in the tools that say, don't ever sell below my cost basis. And so if you have that checked, anytime you get a sell notification, you made money anytime because it's not going to sell unless you're. And so it becomes this positive reinforcement that every time you get a notification, you're either buying a great dip or you're taking some money off the table, which is obviously, that's the point of it, like to harvest the volatility of the markets. If you don't have a tool, if you've heard all of the Michael Saylars of the world, the KOLs that are
Starting point is 00:50:21 sitting above me, talk about how volatility is a feature of this market and not a liability of the market, ask yourself this simple question, what am I doing to harvest that volatility? And if you don't have a really good answer for that, you should at least come try our free product because I think at the very least you're going to see what a lot of people use. use as a yield tool or a volatility harvesting tool. Yeah, it's awesome. It's so much fun to watch. It's like uncomfortably fun to watch.
Starting point is 00:50:57 It was better than the football game when I was at. Yeah, so refresh the email, you know, everyone so while to see if you got it. It's a good time. I really do highly recommend it. For me, the experience has been great doing it with Robin Hood, but I know equally good and depending on the market. market you're in on all of the other platforms. But it was interesting to see that Robin Hood was filling, you know, sub 110, 110, 111.
Starting point is 00:51:24 People were asking how much we started with. We started with 100 grand. I have deployed $98,000 of that 100 grand because I'm a psychopath. Not highly recommended, but that's because, as I told you from day one, I'm going, no, I said, as I told you guys from day one, that's not my, I won, we're going to try it. And like I said, I wanted to be able to show something. I'm in a different position today. I didn't know what was going to happen to your point.
Starting point is 00:51:49 So I loaded up really fast just to make sure that we could show us some trades. And here we are still doing one. Well, and here's the point. If it was your last $100,000, it'd be a different story. But you said, I want to aggressively purchase $100,000. And then I'll put more money in to make more trade. So it's just a matter of, again, what you want to do. If this is like an excavator, if you want to dig a small hole, stop after one bucket
Starting point is 00:52:11 pull if you want to dig a big hole keep digging when we were kids and you would dig a hole and they would tell you get all the way to china yeah yeah we go all the way to time that's the hole i'm digging right here baby this is not a shallow excavation that we're going for right now all right guys anything else i miss before i let you go oh oh we should probably tell them to sign up right yep yeah and we're the guys just you know we're going to keep updating this every week week. This is full transparency. There'll be times we're down. There's going to be times we're up. But just know that my benchmark was adding more Bitcoin without having to stare at screens 24-7 and price was 126 when we started. That's right. Right. Good stuff. Good stuff all around.
Starting point is 00:53:01 Absolutely a great stress test, as you mentioned. I really want to know what you did to make those guys stop in the basement. I walked down there and I said, Don't do anything for another 40 minutes. They said, oh, okay, all right. They're in chains. Yeah. Did you give her permission to breathe? I mean, you're not going to go down there and be passed out of the floor, you know.
Starting point is 00:53:25 Well, and my fiance is like, you know, they're working down there. Do you really talk to her? And I barked back at her. I said, it's my house. And I walked back in here and I sat back down. What do you mean? What did I say to him? You turned the whole camera off.
Starting point is 00:53:39 You turned the sound. Like, we were in the dark there, man. anything could have been happening. You didn't want any incriminating evidence. I mean, he's down a scream in his head off, probably. They quiet down quick. I'll say that. There's not a piece.
Starting point is 00:53:51 No more bang. No more bang. I put him in the freezer with the dead bodies down there with the Fitelli's. All right, guys, that is all we have. Thank you for joining. I can't wait to update this next week. Once, Robin, it lets me get more money. Now, obviously, I literally call you guys.
Starting point is 00:54:09 I'm like, damn it, there's better. not dip before my money hits the account. Stay above 110. Come on, let's go. So we'll see. Keep your powder dry. There's probably more coming. I agree with that. All right, guys, it's all we got. Thank you, Andrew. Thank you, tell me. We'll see you guys next week.
Starting point is 00:54:27 Bye. See, Scott. If your mobile number was stolen and your passwords were reset, would you even know it until it was too late? Your crypto wallets, exchanges, email, bank, cloud accounts, gone. Because someone took over your phone number and hijacked your two-factor.
Starting point is 00:54:41 authentication. This is called a sim swap attack, and in the crypto world, it's one of the most devastating ways to get hacked. It's not rare. It happens every single day. That's why I've personally been a customer of Afani for years. In fact, I've been with them since before it was even called Afani. When I was the victim of a sim swap, and my friend Charlie Shrem introduced me to the CEO and founder, Haseeb. I trusted them with my security first, and because I believed in it so much, I later became an investor in the company as well. Afani is built to stop sim swaps. Protect your privacy and back you with $5 million in insurance just in case. They even include complementary international data roaming so you can stay secure but also
Starting point is 00:55:19 stay connected all around the world. Top crypto investors, traders, influencers, public figures and financial institutions use Afani because one attack can be so, so costly. Afani is offering a discount for our community. And to learn more, go to afani.com slash Scott Melker to get a secure mobile service with peace of mind. That's eF-A-N-I-com forward slash S-C-O-T-T-M-E-L-K-E-E-E-L-K. You can also find the link in the description and show notes.
Starting point is 00:55:43 In crypto, security isn't optional. It's survival.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.