Things to know before the Banana Zone starts with Kyle Reidhead

Transcript

GM good morning welcome to the milk Road show The Daily crypto show that's more reliable than setting five alarms and actually getting up on the first one I'm your host Jay Hamilton and today we are joined by milroad co-owner and head of research Kyle readhead we're going to talk about how do you not [ __ ] up this cycle and how do you achieve your number one goal which is our number one goal as well for you which is to make the most money possible in this cycle but do it in in a strategic and planned out way and we're also going to tell you guys some exciting news about what's going on on the milk Road retreat happening right now in Canada meet uphold a trading platform that's changing the way you

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description and join uphold today Kai welcome to the show thanks glad to be here once again glad to be beside you we were together back in Salt Lake two weeks ago and we're here in Moka Canada not as nice of a day but we've had a beautiful week in terms of weather it's always it's nice to be recording in person it's fun we don't get to do this often enough okay we're on the annual milk Road and impact 3 our marketing agency we're on our annual Retreat this week we got about 20 of our team members from all over the world together and we've had some really productive conversations about this cycle and what we're aiming to do for our listeners can you break down for us what we've been discussing and maybe

share with the audience what we're excited about yeah for sure so interestingly we have our milro team we also have our impact 3 team which is a marketing agency and so a lot of the discussions is how can we continue to grow obviously how can we drive more Revenue all these kind of things we're building a business here and the one takeaway we all had was the thing that matters the most is how do we make sure our audience our listeners make money because if you make money then you're more likely to stick around and continue to listen to this podcast if you don't make money you're probably going to leave and we saw this happen last cycle most of the people on our team were here last cycle and a lot of people made money a lot of people lost a lot of money during that cycle those people who

lost money they left they were gone they stopped listening to our podcast they stopped listening to or subscribing to newsletters they were out and so I think the key thing no matter what that we've decided this cycle is how can we just make sure that you guys listening don't get rugged don't invest in the wrong stuff right make sure that you guys feel confident in your Investments know what you guys are doing and ultimate at the end of the cycle come out on top will you make a 100x will you make a THX like many of you want probably not not going to lie I don't think we can do that but one of the key things in crypto to be honest is about surviving if you just survive from one cycle to the next which is as easy as if you just hold Bitcoin

for the last 15 years you've done you're one of the best investors in the entire world right and and yet what's funny is everyone goes I want to make more I want to do more I want to trade I want to buy these tokens I want to do this I want to do that and the thing is is that so many people end up getting wrecked and if you haven't been in the cycle before that might seem weird to you you're like well why right these industry Grows by so much doesn't really make sense but if you were in this last cyle we were talking to a few people on our team who had their money in Celsius someone had their money he actually said he tried to diversify his lending last cycle by putting some in FTX some in celsus and some in Voyager all three of which went

bankrupt right so we all have our Battle Scars From Last cycle a bunch of us were in terraluna right and so many people actually lost money last cycle came out worse than they were which to me and this is actually the reason why we started Web Academy originally and and now continuing this journey with milk road is I have a bunch of friends who got into crypto after I did last cycle previous the cycle I was screaming to everyone get in get in they didn't they waited they waited till Bitcoin got to past alltime highs finally like okay k let me get in on this stuff so they bought but then they started going you know super risky they didn't really know what they were doing and most of them came out H having less money than when they came in and to me that was insane

you know that just makes no sense you have an industry that literally 10 x's in you know a matter of a couple years even from bare Market to Bare Market it's at least a 10x and so many people came out making no money and to me that's insane and I just want to make sure like the key thing I want is just to make sure that none of you guys have that experience because the opportunity is just too big here so we can't we can't allow that to happen to you guys and where do these mistakes happen the most they happen the most in the banana Zone 100 and we're not there yet and that's important to know and we believe it's coming when it's tough to predict exactly when but it is coming everybody everything outside of World War III everything's lining up and

looking pretty good uh the election coming up soon will be a major Milestone and could be a big Catalyst as well uh but for those who weren't around in the last cycle what does the banana Zone look like what is it like in that period of the cycle it's a Vibe let's call it that it's I mean it's called a banana Zone because it's literally well it's called a banan Zone because the chart looks like a banana but it's also because it's literally absolutely bananas last cycle so if you were in it and in the banana Zone started around the end of 2020 last cycle and then throughout most of 2021 even when you top we topped in I think November of 2021 the bananas Zone still continued like there was still a lot of hype and craziness for a good six months after the top right uh the same thing happened

La the cycle previous to that in 20 2016 2017 which is the Ico boom which was again you had this crazy exponential growth but just absolute bananas things that you're just like how is this even happening none of this makes sense but in those moments everything makes sense or you think it makes sense right like last year for some reason or last cycle it made sense that these tokens that had no purpose whatsoever were going to 10 billion 20 billion 30 billion 40 billion 10000 billion valuations I think Doge made it somewhere close to that it made sense that these like nfts that were so hard to buy and it cost $100 to trade these things we're valued at like hundreds of thousands of dollars millions of dollars some of them and for whatever reason everyone in that moment

was like this is it this makes sense this is the future and if you were able to sort of Peel yourself out of that like especially now or the last couple years where we've all been sobered up from the banana Zone we're like yeah that made zero sense that was absolutely stupid right metaverse uh valuations were just through the roof and yet there was no technology that were that had these metaverses actually doing anything whatsoever it was all vaporware and so the banana zone is this time where where expectations go way way way past fundamentals and way farther than you ever believe that they will go the banana zone is weird because we sort of experienced a little bit of it this past year in the beginning of the year in January February March let's say we were running up since you know end of Q3

2023 and you know Meme coins were pumping things were happening and everyone got that excitement back from crypto and what's interesting is like that happened things expectations got a little bit crazy but it wasn't too too bad nothing got too crazy back then yeah there was like dog with hat was going to be on the sphere in Vegas these are signs of the bananas Zone where the weirdest things happen but in the banana Zone these things happen and you're like there's no way it could get crazier and then it gets crazier you're like there's no way it get cra and it does it again and it does it again and in these moments everything goes up valuations are through the roof you can close your eyes blindfold yourself go to coin Gecko and throw you know whatever amount of money you want into 10 you know random

choosing tokens on the top 100 in coin Gecko and you're very likely to do well this worked in 2021 this worked back in 2017 it didn't matter what you bought basically everything goes up and that's kind of the banana Zone where you you feel like you're a genius investor because everything you buy everything you recommend your friends by all goes up and it goes up extremely fast like more than you can ever imagine versus like comparing it to stocks or gold or something like that and so in the moments of the banana Zone everyone is a genius and that is a very scary time because most people are not Geniuses almost everyone is not a genius right and yet we all think we are and that is the reason why people get wrecked right why do we think that diversifying your portfolio is putting some in F lending

some in this risky thing in Ft X some in this one Voyager some in Celsius it's all the same thing um but in those moments we're like yeah this is diversifying right and it's really not and so it is a wild world I don't know for sure that we will get to the same world we did it in 2017 we did it in 2021 I think it'll probably happen again U most people kind of or some people are like well will we get this craziness again because we don't know what that thing is we don't have the nfts of this of last cycle we don't have the icos right we have mem coins but we've had mem coins for many cycles and so like does it get this crazy I don't know but probably anytime we're in this sort of like boom of people making money things

get crazy I mean we've had tulip Manas for Christ sake if we can have a banana Zone in tulips then we're probably gonna have another banana Zone here in in crypto I just I don't see why we don't if prices go up if Bitcoin goes up by 2 3x if eth or soil goes up by that weird shit's going to happen and uh there's just nothing we can do about it so when we enter this period the hardest thing to decide and the hardest thing to know is how to separate the signal from the noise when everybody thinks they're a genius when every newsletter and podcast and Twitter influencer and Instagram and Tik Tok etc etc is feeling very confident and putting out information all the time every day saying this is

going to 100x and this is going to go to this how does somebody who is trying to make investment decisions make investment decision how does how does that part of the cycle maybe compare because think where we are right now is so different than what the zone is going to be I think so entering the banana Zone the first thing you want to do is is like decide who you want to be in the banana zone right do you want to be a short-term investor and try to play the narratives and the trends and like move in and out of stuff it's fun there's a lot of people doing it especially during the banana Zone there'll be 10 times more people than than now there'll be hundred times more people maybe right well actually I want to know everybody listening how many of you have done this already in the past

month because there's already been that that Vibe of euphoria and I've seen a lot of people who are making mcoin trades now all of a sudden you become a mcoin Trader and if you've done that you got to think about is that the type of Trader you want to be so comment tell us listening are you a short-term Trader or are you more of a long-term investor because this is key going into a banana Zone because things are going to get crazy prices are going to go nuts right and you need to decide does that price volatility matter to you does the narrative or the fud or the whatever that happens matter to you or do you believe and have conviction in the thing that you're investing in more long term right because for example we've said that maker we believe is a good

investment or Sky whatever you want to call it now and it's gone down since we've said that and so a lot of people in our community are like hey you know what's going on here the price is down should I still be buying this thing and I'm like hey I'm investing this thing for the cycle nothing's changed fundamentally still all good there's just price volatility this is normal in crypto right there's fud around it right now because the changes it had that's normal in crypto and so if I'm a short-term Trader I go well the narrative is no longer for maker I got to get out of that position and I got to go buy something else right I got to go buy to but if I'm a long-term investor I don't care actually doesn't matter to me right now unless something fundamentally has changed which I understand people

want to know but again that's means you got to do research you got to separate the signal from the noise if you're a short-term Trader you're more worried about the noise right you want to know what are the narratives what is everyone what are the kol's on Twitter and on YouTube what are they spitting what's Tik Tok saying right now like what's the next thing that's going to be the next meme or the next meta that's what you need to know if you're a short-term investor the fundamentals don't matter to you you don't care about revenues you don't care about what's going to be the future right it actually doesn't matter you care about the noise and so that and that's fine if you want to do that but you got to understand that's your mentality that's what you got to be thinking about if you're long-term if

you really are long-term and you're not trying to trade this stuff every day then you've got to separate the signal from the noise you've got to not allow these narratives or the price volatility matter to you because in the banana Zone one there's going to be so many stories that are spread about everything right there's going to be narratives that are spun there's going to be price action where you'll go up 50 100% in a week and then you're going to shoot down 40% in a day and that is really hard for your brain to manage right but if you know that you're here and you're investing for 12 months from now or 16 months from now or maybe you're investing for like you know another cycle from now which is great too then this [ __ ] doesn't really matter to you and so you got to decide

that quickly on who do you want to be how do you do you think about because what I'm guessing for most of our our listeners is that you are maybe a mix of both you're majority a long-term investor yeah and that is always going to be our advice is that the majority of your Investments are longer term less risky we talked about the 8020 rule a lot what about if somebody is sitting there saying okay I'm longterm for the cycle on you know my Bitcoin my eth my soul and maybe a few others but hey banan Zone I want to try to get a little bit of uh you want to try and get a 100x or something like that yeah how do you

make that separation within your portfolio yeah so you got to learn to wear two hats so the first is okay I'm going to be a long-term investor that's the milk Road Pro portfolio that we talk about all the time A lot of times that we come on here and we say you know here's what we're investing in here's what we're buying that's your long-term thing you do that research you look at the fundamentals you keep an eye on those things but you're not worried about the the craziness in between and that's maybe I mean it's up to you on your risk right for me I'm almost like I'm probably 99% that I actually probably 100 at least right now I don't have anything where I'm like this is the thing that I'm trading because again we're not in the bananas one yet so you don't think it really makes a lot of

sense so you take your portfolio the thing that you want to like put your conviction in and it should be the large part and you put that aside and go this is my long-term investing portfolio here you might move those things a little bit but they're not a lot of Trades it's very minimal right then you can come over and say hey you know what but I want to get down on this on this banana Vibe I want to have some fun I want to buy the shitty stuff I want to play these narratives on crypto Twitter and then go do that but one go into that knowing like fundamentals don't matter for that side of it right and what you're looking for is to be the first in a narrative to be the first before the noise happens and make sure it's an amount that you are completely fine with

it if it went to zero because as I said at the beginning this episode a lot of people I know their Investments went to zero and I don't think that's the thing most people understand it's not like the stock market where you choose a a stock that like doesn't go up or goes down 5 perc over the year it's very much the chance that you go and buy this stuff to try to get a THX and it actually goes to zero meaning you put a $1,000 in because you're trying to make a 100 100 Grand but instead you ended up at zero and so that thousand mean something to you that cannot be in this portfolio because it is a PTP game out there right like it's p vers like it's person vers person and it is intense and it is fast and you don't know what's right from wrong in a

banana Zone it's already hard enough to tell you go on crypto Twitter you're like well what's real what's not and we'll talk about this a little bit when we were at Salt Lake I got to speak to a lot of Founders a lot of VCS and started like questioning things and I was like oh actually things are not as they appear you know from what you hear on crypto Twitter from what you hear on on YouTube and so you've just got to know these things you've got to be aware of that and and know that there's a good chance that you might get rugged that the thing's just not going to work out that you actually you're being lied to uh and so these are just things that you need to try and be aware of um so I'm not saying don't be that short-term guy

I think it's it's fun it's exciting you did it in nfts last cycle I didn't do nfts much didn't pan out did not pan out did not pan out and and you know and what's interesting is the biggest lesson I learned in that one it was I way overdid my portfolio and went 90% into nfts which was a mistake I went overboard in terms of the percentage that was high risk and non-fundamental but two the main mistake that I made is I didn't have a plan I didn't have an Exit Plan and when also thought about my exit plan the same way I think about my my eth and my Bitcoin and my soul Exit Plan and my eth Bitcoin and soul Exit Plan are more based upon price targets that I have set that any of you guys could set your price targets too sure

maybe you don't have know how to do TA or deep analysis but you listen to us you listen to a couple other KS take an average you can probably start set some price targets and decide when you're going to sell out of these bigger assets but in the shittier tokens or the non-fundamental tokens in the hype it's very hard to have targets so you start to expect these ridiculous gains that's and that was the biggest issue is that was a big part of your portfolio was his nfts Jay actually did really well on nfts a little bit there he's making a [ __ ] ton of money he was like look at I'm a genius exactly that's what he used to say I told him you got to sell that Boon bird he's goes screw you Kyle I'm a genius yeah and uh and then he got

wrecked and the problem was that was a large part of his portfolio if he just had 80% of his portfolio in eth that year and 20% in those nfts he would have had his fun he would have thought he was a genius and he actually would have came out on top still a genius right because eth has done much better than it was last cycle but the problem was he didn't have a whole lot of eth he didn't have a lot of these fundamental ones because it was all in these [ __ ] to uh [ __ ] tokens yeah and that's the key thing is you really got to separate those two portfolios yeah and I think the thing in the shittier tokens we got to come with a better term than shittier tokens but you guys get what we're saying it's it's much faster and and so like the get the

key thing is if you decide that you're going to trade a part of your portfolio and you're going to try for these more narrative hype based trades then you have to get in and get out in a week in two weeks in a month like it is very quick and that is a lot of people just don't have the time for that like you just don't so if you're not willing to dedicate the time to looking at this on a regular basis you guys can go back and listen to our episode with zenica from last week where he pointed out three meme coin trades that he's following right now and his time frame for each of them the longest one was like six weeks right like none of them are cycle long they're all very short the shortest one was like a week I think right so okay

let's go to we have a lot of different guests on the show and our our goal as you said at the beginning is to make sure that you guys make the most amount of money possible in the cycle and that you do well financially that is always our number one goal and in order to do that we try to bring on different guests with different viewpoints and different perspectives they come from different careers they they view things differently based upon basically how they make their money in crypto and with their Investments recently we've had a lot of VCS on we had Joe mccan on well I guess he's hedge fund but investor we had uh konei for mult multicoin Capital and a few others as well when you think when you listen to a VC how do you listen to them differently than you might listen to somebody else yeah so

one of the key things that's going to help you in throughout the banana Zone but honestly just in life in general is always think about the incentives so someone you're listening to what are their incentives and so VCS are quite interesting um they're very smart they come on this podcast they tell a great story they understand markets they understand crypto because they're interviewing every single team in the space so they're they're way earlier right they're way ahead of most of us because they're speaking with so many teams all the time that just say like hey I need Capital right so well before they even think about having a token BCS are already talking all these so they know in advance what are going to be the next narratives so they're they're great to have on these on on the podcast I think they're super super smart but one

thing you also got to understand about VCS is they also have a job and their job is to make money for their LPS right the people that give them money right and how do they make money well it's by finding Investments that can do really really well and it doesn't matter if those Investments do really really well long term what matters is Will those Investments that they have they put their their Equity or they put their investment into Equity does that Equity turn into a token and does that token launch 10x 100x from what they bought it at and then can they sell it right doesn't matter to them if this business works out for 10 years from now in the non- crypto World it does it really matters they have to buy companies that they think are going to work 10 20 years

from now and might IPO or get bought up by Google or whatever in crypto it's very different the VC game is so different because you can invest in a company today and within less than a year it goes liquid by launching a token right they're not expecting the equity of that company to ever get bought up we we've actually asked VC's this before and it's like sometimes it might happen like maybe Unis swap Labs gets bought by Google someday maybe right but probably not but Unis swap Labs launched Unis swap token forever ago years ago right and so the VCS that invested in Unis swap Labs back in 2019 or 2020 they've already made their money back and so they don't care what Unis swap does anymore they've already had their 100x right and they do this time and time

again with to with every single token in this space and so one thing to understand is like will a VC go on and talk about eth why would they right what's their incentive for any VC to come in and pump eth on a podcast zero because they can't they're not buying eth anymore right they've already done the eth trade the last cycle right or the last two cycles they might hold some liquid token but like VC's aren't trying to get a 3X or a 2X right their goal is we're going to invest in a 100 companies right this year and we're going to try to get three of those vi 100x so eth doesn't fit their model so even if they are bullish on eth that's not something they're going to put in and they're

going to put their LP's money in and so they're not coming on a podcast to talk about ethereum salani even at this point maybe not right some of them are because they still have big salana bags without a doubt and they have bags of the new apps that are built on salana right or the new apps that are built on I don't know bass or on whatever they else you know monad or sui or whatever these newer ones because that's where the money is because there's new people that are building there they need money ethereum people don't need it as much right because they've got big bags already and they've got you know working products so there's less for VCS to do VCS do best in new ecosystems and so why when you listen on YouTube and you hear every VC what are they talking about new ecosystems only they

don't talk about old ecosystems they don't talk about Bitcoin they don't talk about eth right they talk about soie they talk about Aptos they talk about salana because that's where all their capital is because it's the only spot for them to make money right now now I'm not saying that's a bad thing I'm not saying salana Su rapose are not going to make it right I'm not saying any of that I'm big fans of them I mean we've been bullish in salana since 20 bucks we've been telling our community to buy salana for forever right I just think what you need to do is when you listen take the things they're saying right I'm not saying most of the things are wrong but also understand where is their incentives and their incentives are not for some of the other things right so you need to take what they say with a

grain of salt just because they believe Salon is really good doesn't mean they hate ethereum they might spin that narrative because they know that there's thousands of people that listen to this podcast every day and if they can get a few of you guys to put your Capital over here and remove it from here well their bags make more and their LPS are happier and they're going to raise a bigger fund next time around so it's very very key that you start to think about where are their incentives the same thing with like name mad yeah let's talk about mad so mad same thing like this guy mad for everybody who doesn't know is the uh master of meme coins the K king of meme coins he did talk at token 2049 that went viral mored if you're listening we want you to come on the show so come on

the show and he is now he's he's now known as the memec coin guy so he is pumping mcoins look he made some amazing points on mem coins we've talked about a bunch of the podcast in the newsletter I love his takes I think they're very smart but again is he too far to one side probably right and why is he too far to that side well look at his portfolio he's got like was it like 1020 million or something in meme coins yeah and he specifically goes on podcast and talks about the specific ones that he holds right and that's because incentives right of course he wants those to go up and again that's not a bad thing but again this is a PVP market right and so you listening who doesn't have a voice doesn't have a podcast cast you don't have the upper hand like mad

does mad has tens of thousands of people maybe it's hundreds I don't know how big his following is now who will listen to what he says he's got the the the spotlight right now and so he has an upper hand like imagine trying to beat him you're not going to beat him PVP because he can launch a token or go invest in some other token say it on the next podcast the token's probably going to pump right and so look at who you're up against it's very hard to trade against these people because they are incentivized to pump their BS and again I'm not trying to say that everyone is a bad actor it's just how the world works and that's okay to to push your narrative we all do it in life right you think about politics right now if you like Kamala or you like Trump you

probably go to your friends and you push Trump right and you or if you're a CALA person you go and you push Kamala that's okay we all like to push our opinions and our narratives that's how kind of humans are just in the financial word especially in crypto there's just a lot of way to make some money off of that which is could be a bad thing could be a good thing I don't know doesn't really matter to you you just need to understand it and make sure when you listen that's what you're remembering exactly and I think the first question that everybody should ask whether you're listening to our show whether you're listening to another podcast reading a newsletter is just think about what's the incentive of that Creator or of that writer or of that host or that guest and if you can just frame it as what is

their incentive then it'll help you take it with the grain of salt that you need to take it with here's the best advice I can give of trying to paint a picture of what's about to happen here with the banana Zone and it applies to this think about incentives Etc but what's about to happen is let's say right now everyone in crypto is sober right when prices are down the last eight months everyone's actually not just sober but a bit bitter everyone's been a bit pissed off right bit angry now we've had a bit of price action last few weeks so we're not quite there but you see the mood of crypto Twitter of crypto people crypto YouTube kind of change really quickly with price right you see it all the time right now let's say we are sober we are here at this like kind of bottom level what's

about to happen as price goes up let's say Bitcoin goes to 100K so it almost doubles from here it means that the the fundamentals in in the the soberness of the market are kind of at Bay we're at kind of a fair price right now I would say but what's about to happen as liquidity comes into the markets and people start investing more and the price of Bitcoin goes up or eth goes up or salana goes up is this is everyone starting to become a genius and so expectations go to here right the valuations of things go to here the fundamentals will still improve every month but the fundamentals improve linearly just like this always right but if you look at the last eight months we've gone down we've gone up depending on price our moods go up and down right we're very pissed we've lost our

conviction we're so scared then all of a sudden things go up and we're like okay we're pumped we're we're here in the banana Zone things just go this way they exponentially grow like a banana but the fundamentals linearly grow okay and so you've got us understand that things get detached from reality that's why nfts can go and be worth a million dollars that's why you can take something that has no like basically vaporware and it could be worth hundred billion dollar or whatever because people just don't care your job is to stay sober your job is to become allergic to BS you need to have a BS indicator or alarm at all times just go that's [ __ ] that's [ __ ] that's [ __ ] right it's hard because you're G to get excited you're G to get attached to these narratives you're

going to get like you know you want to make the money too but you need to go that's [ __ ] this guy's [ __ ] this doesn't make any sense so you need that like [ __ ] alarm right you need to be allergic to [ __ ] and then the other thing is you just need to stay calm under pressure when prices move like this and there's all these narratives and you think you've got to do this thing and then prices come back down here it's like your mind can start to run and race and you start to go [ __ ] I'm missing out here I missed that opportunity oh my God my token's down this much percent but this one's up like I got to trade more I gotta do all these things and it's like your goal is to just stay calm right with all the noise

and all the wildness if you can just stay calm and you can just point out the BS you are going to be a 100x times better investor than if you let all that stuff get to you and you start jumping around that this VC said this and I don't even think like oh wait a minute of course his begs are in that of course he's going to say that or this K is pointing this memec coin it's like well yeah no [ __ ] the guy's got you know a million dollars worth of that Meme coin right if you hear about it on Twitter or you hear about it on YouTube you're already too late when it comes to narratives it doesn't mean you're too late when it comes to fundamentals because fundamentals take a long time to catch up right you can be buying things

with fundamentals I mean Bitcoin eth salana these are all things everyone's heard about and have talked about for years and years and years and yet everyone just got the Solano in like earlier this year to like late last year whereas people who understood fundamentals we had been talking about salana all freaking Year from Jan we put our first pro report out about salana in January when it was eight bucks and we were saying hey fundamentally this thing makes sense but it didn't have the narrative all of a sudden it got the narrative in October November December of 2023 everyone starts piling in and look we're already lower than we were back then right and so like fundamentals take time if you're hearing fundamentals you can get in on that stuff but narratives these are quick as Jay said and like if you're hearing about it from

the biggest names on Twitter and on podcast you're too late from a narrative perspective and that's a key thing that I think people need to understand you're generally not too late in a fundamental perspective but you're definitely too late on a narrative perspective so this goes back to your two hats of short-term investor long-term investor yeah it just makes me think I'm laughing because I walked into our uh meeting room this morning on the retreat and one of our team members said that they sold their goat and somebody else said should I sell mine and somebody said all I'm seeing on crypto Twitter is about goat and they were like sell it that's when that's when you sell or I really like zenica strategy which is you sell majority and you keep a moon bag so you keep a small piece of it just in case it

ends up being the next Doge counter trade the noise is the best thing you can do right with everyone's talking about one thing hopefully you were in it before everyone was talking about it and then the moment everyone's talking about it you sell MH which is the same thing with our whole thesis here even our long-term investment thesis here of crypto is we're playing the cycle what does that mean the cycle is right now there's only a certain amount of people in crypto let's say it's a million two million I don't know whatever it is people are actually buying tokens in crypto it's not a lot of people and there's no one new right now nobody knew was coming into crypto and so everyone's just this is why I say it's P2P everyone's just kind of like going against each other trying to jump into

whatever there's no new capital what we're waiting for in this cycle is for the new capital to come in and that's what the bananas is is your mom comes in right your brother your sister comes in your friend comes in your uncle comes in the taxi drivers come in their Capital comes in and then when it becomes consensus that crypto is the next big thing that's when you're out right that's when you're like I'm done I'm selling I'm out I still think crypto is goingon to become the next big thing but if my mom thinks it's the next big thing then it's not not right now we're we're over remember at that point you're drunk if you're believing in that stuff you've drunk the Kool-Aid you need to remain sober and come back down here so that's the whole idea of our thesis here around

the banana banana zone is the banana zone is everyone else in the world coming in giving their liquidity thinking they are early and yet they're not you early because you're listening here right now before the banana zone so the whole big picture here is wait for all the people to come in and then that's when you pull out the same is true on these daily weekly monthly trades of of beam coins right it's you want to be in early once everyone on Twitter's talking about it gone you got to get the heck out and I know it's hard to do that because when everyone's talking about that's be like oh yeah that's that bag bias like everyone I'm a genius I'm in this thing everyone's talking about it this is fun let's keep going absolutely not that's the time you got to get the hell out

hardest thing in crypto do but if you do that you will win every time almost every time Kai thanks so much for uh for breaking this all down today so happy to be together in person and to see the whole team I want to know everybody listening in do you want to see us talk more about long-term Investments within this cycle more of the six to 18 months Investments or are you interested in us more talking about the shortterm higher risk narrative based Investments the one week to one month to a few months type of Investments let us know comment on YouTube or wherever you are listening as always thanks so much for listening in have a wicked awesome day high five let's go let's go as always if you liked today's

episode please hit subscribe and make sure you follow us so you don't miss out on the next one there's also a link in the description to our free 5 minute daily newsletter where we simplify crypto for you while making you laugh and if you're willing to step up your crypto investing game we're going to also leave a link for milk Road Pro you get access to our portfolio where you can see exactly what we are buying this is your number one resource to help you invest successfully in crypto one final note this show is for educational purposes only and nothing we say is financial advice investing in crypto or any asset is risky and you should never invest more than you can afford to lose thanks so much for listening in my

friends have a wicked awesome day