 Hello everybody. Welcome to the Sunday livestream. These are the days that I really like to kind of just sit back and take accountability about what's going to happen and what could potentially happen coming up very soon. So just like the thumbnail and title suggests, we're going to talk a little bit about the hardest thing you can possibly do in crypto digital assets, which is selling. We can buy all day long. We can make it easy. But I have to tell you it's a little bit more difficult when we do a little bit of the four letter word that everybody hates to hear, which is selling. And to help me do those things, I've invited a friend to come on to help me out. And this is Wes from Smart Money Crypto. Wes, thanks for coming on for the show for the first time. Hey, Rob. Thanks for having me on. A big fan of the show. Love what you do. And yes, pleasure to be on. Looking forward to chatting to you. Yeah, man. So Wes, where are you at right now? So I'm in England, just outside of London, a little town called Brighton. I've been in crypto for about five years. I used to work at a cryptocurrency exchange in London, quite an old one, cex.io, I don't know if you've heard of them. And yeah, just worked in a web free market and been trading for about five years now. Ah, perfect. You would like my friend, Tom Crown, he's actually in the comment section right now, piping off about Trueflation's newest reading, which we'll get to in a second. But what I want to talk, because I brought John because I'm pretty good at buying stuff. Actually, I'm fantastic at it. I'm great at buying the dips. I think we all are. The problem is, and no one talks about this, it's about selling. And I think we have to get this in our consciousness about that the time is coming. So I put out this tweet, I said, look, everybody likes to talk about buying, but if you talk about selling, we should be talking about it all the time, strategies, goals, price points, et cetera. The diamond hands narrative for everything crypto is a loser's war cry. And if that offends you, I'm sorry to say, it's true. If you diamond hands everything all the way up and all the way down, it's going to be a very difficult cycle for you. And that's just how it is. Now, when I got in, first of all, was how long you've been, because you've been trading for five years, how long for crypto itself? Crypto, I got in. So the November that's just passed before the start of the bull run year is when I got in last cycle, just a little bit before then. So I got lucky, I got in just before the bull run. Very nice. Very nice. So I will tell you, like I've been in since 2017, nobody talked about taking profits back then. If you talk about taking profits, you were labeled weak, you were labeled paper hands, and you were labeled essentially against Bitcoin, everything else that crypto stood for. So I'm glad to see that we've changed a little bit. The problem, I think, is this. It's not just the narrative. It's the people who think, you know what, if it goes up, I should take some profits, but maybe you could 10X. And that's why I reached out to you. Now, you can follow Wizards at SMC over on X. He's got a great channel. There was two videos that it came out. And this one, in particular, where he talks about, I sold, and my ears perked up. I'm like, oh, I got to take a listen to this. So I'm not going to play the 11 minutes, but I linked his channel and X in the description. I'm going to play the first 40 seconds. And I want you guys to listen to this about what he says about taking profits. Let me get the actual correct tabs so you can actually hear this. 40 seconds. Here we go. Oh, and there's a little bit of echo because that's on my side. It's because a lot of people in the space, they don't take profits, right? And they don't have a strategy. They don't have a plan. And it's really important because sometimes you'll be up, you know, five, six, 700% and the project will completely crash and you're not taking profits, right? So look at the price of Olas when I made this video and then look at the price now. So this is when I made the video. And why did I sell here? Well, because I posted to buy Olas at 126, right? So smart money crypto. What do we do? We look on chain. We see what all the smart money are buying. Loads of smart money were flooding into Olas all of a sudden, right? Tons of wallets that consistently make money are buying something all of a sudden. I'm going to APN and buy it. And this in our posted here, buy a 126, 57 million market cap. And look what Olas done. It went up. Okay, so that's great. So when I saw that, I'm like, and I watched the whole thing was very great, but I want you to kind of bring us up to speed about what that all was and how you decided at that particular moment that, hey, maybe I should take some profit. So I think there's, if you want to take a look at this or what do you want to tell us about like how that actually worked out? Oh, sorry, Mike Scott, Mike Scott, can you hear me now? Gotcha. Awesome. Yes, I trade in two different types of ways. So I do fundamental analysis, right? As I did last cycle, one of the things I wasn't doing last cycle is monitoring the on chain activity. And I think the luxury Yeah, the luxury we have in blockchain is that we're able to, unlike stocks, you know, you can't see what what they're doing with their investments, you can't see what they're selling it in blockchain, we can see every single transaction. And I use the software, it's, it's quite expensive. It's not accessible to everybody, but it's a really powerful, powerful tool. Since I started using this, I've just my game has changed, my profits have increased. I've been able to find gems so early, I've been able to, you know, take profits. And one of the ways I do that is I monitor the smart money. So in here, you have a section called smart money. And what is smart money? So you've got smart money in Wales, right? So Wales are people who have lots of money. So like millionaires and technically, they can't be classed as smart money unless they're making consistent profits. So smart money tend to be quite big accounts, but that consistently making gains and returns and their win rate is typically around eight or nine times out of 10. So when you see this sort of activity here, so this is what smart money accumulating and you see where it starts to trend up here. That's when it sort of spikes up on my radar. So you've got this period here where it sideways, usually a project's building here and there's not much activity. And then you see this sudden interest in smart money. And a lot of smart money accounts are not just traders. A lot of them are YouTubers, you know, people with big Twitter accounts. So you also, when you see this accumulation, you tend to see a lot of social activity on Twitter and YouTube as well. So I go into here and then I just track their wallets, right? And I can see when they're buying, when they're selling. So this trader, for example, I've tagged his wallet as gets in before the news. So his wallet, he typically buys things before they're listed on Coinbase and he typically buys things. It gets the news early, right? So I track, I track his wallet. You can see here, he's sold 84,000 Olas this week. His remaining balance is 215,000. Then you can go into his wallet and you can see his profit and loss. So he's made 139% on Olas. His cost price was 182. And you can see when they're buying and dumping, then you can even go in and see all of their transactions. So he's actually holding SAVM, which we talked about earlier. He's got $325,000 in that token. He's holding Olas. He's holding P's, which is a really good project that we got into recently. So he's got his eye on the ball. He's riding all of the hype tokens. And I use this to identify what's popular, what's trending, what are the smart money buying. And we can see here, his conviction as well, right? Because his biggest bag is going to be the project he has most conviction in. So Tau's his biggest bag. He's got really high conviction in SAVM and then Olas, then P's, etc. Excellent. So there's a question that came up. They said, what kind of software is that? What is, what is Wes using here? So this program is called Nansen. So it's N-A-N-S-E-N. And it's quite, it's quite a technical bit of kit. You can trade, you can monitor NFTs, you can monitor anything on the Ethereum chain. They're integrating new chains. So I'm still waiting for Solana to get added. But most of the activity will be on Ethereum and Layer 2s. Gotcha, gotcha, gotcha. So I think for everybody who's like wondering that question, like, well, that's pretty cool. I should take a look at that. On all honesty, I think the best way to do is just, there's a link in the description, go and follow Wes because he's going to show you more things on that than this channel will ever will. So check that out. I'm sure he's got links to that. We can go from there. So Wes, thanks. That's interesting. That, you know what that reminds me of? There was this mythical creature called Whale Number 3, which everybody loved to track and what was happening with the Bitcoin Bitcoin price and what they were selling and dumping. It's like you've taken that, but like to like the nth degree maybe. Yeah. Yeah, exactly. Very similar to that. Well, that's a great segue for the next topic we're going to cover, which a trader just made a boatload of money on Satoshi VM by using a banana gun. No jokes. So we covered this yesterday actually because we did an updated DEX video about how to use a DEX and for 2024, we took a look at Uniswap and Orca and Jupiter and different projects that actually work pretty well on different wallets. And one of the things that we did is we bought Satoshi VM live on the video. What I like about this is the ZK Rollup Layer 2 solution and nobody paid me for this. Nobody paid me for the DEXes. I'm just telling you it looks like a pretty good project. I like this total supply of 21 million and it's very interesting to me how it goes, but the very first day that's launched, everybody got super bent out of shape because everybody was talking about it, which makes a lot of sense because it looks like a pretty good project. And they're like, hey, everybody's dumping on me. I'm like, what's your problem? What is the problem? Because the problem is if you, just like we talked about, you double your money and you don't want to take any profits depending on where you get in, right? So you do stuff like this and then people are like, why is everybody dumping on me? It's because you didn't take any profits along the way. And I put this out, you know, if you got in the very beginning at six bucks and of course people like, I'm going to take some profits and they don't do it. They don't do it. They don't do it. And then everybody's a victim. It's not the case. Everybody. There's ways to do this. Like if I would have, if I would have, because I didn't get in early, I was sorry about that right now, but if I double, if I 2x, I'm taking my initial investment out and I'm going to let the other money ride or maybe I take even more like 120% with the rest ride. It doesn't matter. But if you're making money, take some profits. There's a reason why I have that underneath me on my rules. The very last rule is take profits. And today this is actually doing pretty damn good. 12 bucks. So I'm just going to ask you was, how would you play this in this situation? Because I know like you just said that, that whale is pretty high conviction here. Would you hold out? Would you be like, if you're up 2x, what are you doing? Yeah, absolutely. So I can probably share. Let's have a look on chain at Satoshi VM. We can see the activity. Can you, can you see this? Got it. Yeah. So here's all the dex trades. So first of all, I look and see how much activity we have. And we can see on the right here, you've got one second, one second, one second, one minute. So we can see there's a lot of volume going through. That's that's the first thing I want to see. How is the volume doing across the over time? Obviously, it's only been running three days. So we don't have much activity here. But we do have a hell of a lot of volume. I think this was doing over 140 million trading volume at one point. So there's a hell of a lot of eyes on it. I'll then go to the token balances. And I want to know not just what the smart money doing, but what's what's the spread? Do we have any dangerous amounts of tokens in specific specific wallets? And here we can see 30% of the supplies in two separate wallets. So a little bit of worrying because I mean, that's $20 million in one wallet. There's $18.6 million in that wallet. So this would be alarm bells for me. So first thing I would do is tag both of these wallets and then I would add them to my discord. So we see all the transactions on these wallets. So if these guys start moving the money to uniswap from these wallets, it's an alarm bell for me to get out or to pay attention. And what are they doing with this money? The rest of the spreads are not too bad. You know, we've got uniswap, 6%, 3%, 2%, 2%, Mexy have 2%. This isn't too bad, but this is quite quite alarming. So I first of all want to check what these are. They might be staking contracts, but they don't actually look like contracts. They look like just standard wallets, but go into it, do some research, try and find out what they are. Then I'd look at the smart money. So let's see what the smart money are doing. We've got a mixed jar today. Let's look at the biggest holders. So smart dexterator, someone put DCA'd in some more 87k. This week, someone put $762,000 in. This guy we looked at earlier put $276,000 in. So smart money are putting considerable amounts of money into this project. Another nice trader here that I really like tends to make profits. A lot of the time has put $65,000 this week, currently worth $77,000. So they're not up that much. That's another thing I like to see. You don't want to come into a project where everyone's up 300%, 400%, because then you're kind of behind the herd. So obviously, this is just on-chain day. You want to go into the project. Can we see the team? I've not been able to find the team so far on this project. I don't like to gamble too much. So if it's just a pipe dream and a website, I like to see a team there. But the on-chain data does look good. You've got volume. You've got smart money. They're buying today. They're not in massive profits. It's not a bad one for me personally. That's what it is. And you said it perfectly. I'm not a gambler. I don't want to gamble. Everybody, this is a gamble. If you look at this like this is guaranteed, you are in the wrong place. There are other different products to get into that have been more safer. That's the reason why my portfolio is 70% Bitcoin, roughly 5% to 10% Ethereum. And then Salon is really picking up because of the value increase that it's done. So just remember the things that we talk about, you're gambling. Hopefully it works out. But that's why we have rules in place. And of course, we can't tell you what to do. We're not financial advisors. I'm not your dad. Wes probably isn't. So this is what we got. So talking about the gambling aspect of it, there's a pretty good story here, which was the banana gun, which I've never heard of this in my life. So this was a piece that came out yesterday. There's a trader that paid 141 ETH bribe to secure 6.7 million profit on the Satoshi VM launch. And I wanted to bring this to everybody's attention because we just talked about Satoshi VM and how great it is. It looks like a pretty good project, but you have to understand there's people, there's puppet masters behind the screen that are pulling the strings. And this is exactly what's going on. So this trader used the banana gun sniping tool. Wes, have you ever heard this in your life? Yeah, I've been an investor in bots. I got into UniBot around March last year. And Banana Bot is killing all of them off really so fast. It's all about speed in that game. Trader bots. This is why I'm not a big trader because I cannot compete against that. I'm a buy-and-holder type of person. I'm waiting for blow-off tops. This reaffirms that affirmation. So the question then is how do they do it? Here's how they did it. To initiate the process, the trader utilized the banana gun trading bot. They purchased 2.61 million Satoshi VM tokens for 277 ETH. So if you have like $601,000 laying around, you can do this. It's totally doable. But if you don't, it's still tough. Trader had to pay 141 ETH bribe to be the first to acquire SAVM upon opening and allowed them to secure over two and a half million tokens. They then sold those 2.16 million tokens for 4.38 million while retaining roughly half a million tokens. The value was 3 million. They profited 6.7. What's the banana gun bot? It's a telegram bot, which allows you to facilitate trades. It's used primarily for sniping. It involves rapidly buying newly released tokens like Satoshi VM, at least in 2023. It gives you the choice between manual trade, which is 0.5% fee, automatic sniper, 0.75%. So right now you're thinking to yourself, I got to get on that. But just wait. Last part is this. It's got a checkered past. Launch the bots token. Its price dropped 99% due to a bug in it. Well, the bot itself has been marked by instances of disappearing funds. So now, if you want to trade, now is the time for you to step up and go, I can do that. Anyhow, Wes, what's your thoughts on this one? Because I'd like to share both sides of the story. Yeah, it's a cool industry. I think there's a great marketing campaign, this whole story, for Banana Bot. I think everyone right now is searching, how do I use Banana Bot? Where do I go? The bot activity, if you look over the last six months, is just going up and up and up and up. So I think we're seeing more and more D gens enter the market, especially with these mean coins, trying to snipe. It used to be quite a skilled trade, so to speak, that only devs knew how to do. They would sit and monitor the liquidity on Uniswap and they would wait for liquidity to be added and then they would buy and they made a colossal amount of money because you had to have some basic dev skills to amend the contract and change all the charges. But now the bots are limiting all that completely. So you just literally type in the contract. So if you find out a new token is launching and it's going to be super hyped, you literally put in the contract into Banana Bot and just put your money in and it will wait. And then as soon as the liquidity gets added, it will snipe it. The problem is you're competing now against thousands of other bots. So you get these people who are paying these bails to front-run the other bots and everyone's trying to front-run each other with higher gas fees. But Banana Bot, so far, you've got Maestro's pretty good, Unibot is pretty good. And if you look, Banana Bot literally and Unibot both integrated into Solana in the last week. So now we're going to see what we had on Ethereum on Solana. So I think we're going to see massive adoption on these bots. Well, I could see that. That's all you guys. That's for the smarter generation. That's why I got you on West to explain it to me because I'm like, that sounds risky as hell. But it sounds good. All right, everybody. So again, if you want to follow Wes, I would definitely recommend that if you're, if this type of thing interests you, it's very interesting to me. But now, Wes, let's move from some of the risky stuff to some of the somewhat risky, but not as much. And that is, of course, the Bitcoin and Bitcoin. So we've got 93 days to go. I mean, look, these are the good times. I think we're in the Goldilocks period right before the having. We could see a dip. We could see, you know, just stagnation. But I think this is the time to kind of be in the market, especially a year from now to 16 months. Having said that, there was this quick piece. This is from, well, it's from Guy over at Coin Bureau. The CEO, Franklin Tempton, came on. This is on CNBC. And she talked about Bitcoin, about why they got into the ETF market. Now, as a reminder, Franklin Tempton is a very old industry as far as institution goes. And they have 1.5 trillion assets under management. And there's a couple of things that they said, it's good to know, but there's this one last piece that really irks me. So I'm going to have you take a listen to this. These are the things that I don't think about a lot as far as why people get into Bitcoin, but something that she even said that reminded me. So just take a listen. This is about a minute or so, and then we'll jump back. And, you know, one of the things that made me a believer is I went around the world talking to people who would tell you, somebody who said I keep 50% of my savings in Bitcoin, because if I say the wrong thing in my country, I could have my assets confiscated. I remember talking to somebody in Israel who said my parents and their parents had all of their assets confiscated. They keep a portion of it in Bitcoin. So there's a fear component to it that is considered almost a insurance or safety component. But I also think it's really important to fueling what is a next real opportunity in this blockchain world. Before we get to the second part, was any thoughts on this one? Because as an American, I don't think about these things. And this is my bias. I don't think about losing, I don't think about the dollar as the world reserve currency going to zero or losing assets or actually being things taken away. I mean, I worry about, of course, banks collapsing, but that's why we have FDIC insurance was up to like 250,000 or whatever it is. But any thoughts on this one was about people looking into Bitcoin? Yeah, I think I think we're in a new time with this Harvey and we've got like the institutions, I never thought we'd see BlackRock saying, you know, investing Bitcoin as a hedge against, you know, even for your retirement, but a hedge against inflation, but he was using the words retirement and it's mind blowing. What's you saying? They're so true, right? You don't really own anything, your house, if anything goes wrong, or if they want to take your house, you know, they'll take it. So it's a really cool way to truly own your own money. And it's not owned by anyone. So the government want to come to and try and control Bitcoin or find that they can't do anything. So yeah, I'm 100% all for it. Own your own, own your own money, basically 100%. Yeah, I got it. And it's one thing I don't really think about because if you think, and of course people in the comments section, you're welcome to chime in. But if you think about it, we really don't own anything, anything, because like, I mean, the properties that we own, I mean, we own them, but if we don't pay the tax on them, they go right back to the government. Your card, you can own that outright. But of course, if you don't pay the government for the taxes, and then of course you register that, then they can also take that away or make it so you cannot drive it. And of course, the cash that you have in the banks, of course, that can go away pretty easily as well. And I know people will say, what about precious metals? I mean, that's one of the few things you actually own. But I don't know, like, I have gold, my brother has gold and silver, they we physically own that. But if you're keeping it someplace else, if you want to move that around, good luck. And of course, there's a lot of different things, even like, electronic things, like these days, like, do game players right now? I think it was, I forgot that the gaming studio, but they came out and said, hey, you're going to own nothing. And that's just how it's going to be because everything's going to be digital purchases. And you're not going to be able to actually own it if you want to take it away. And we are so I think about these things, like, it's just true, we don't own Jack anymore. It's just, that's just a shame. So let's just finish up here. This is, that's my little rant. Sorry, it was. So this part right here is what I say, like, the way things should be, and the way things are going to be, just take a listen to this. The scenarios that you just outlined, that's the case for holding Bitcoin, the actual, you know, you have the keys to the security as opposed to investing in an ETF, right? So there's a use case for both for sure. But that still keeps a floor on the price, right? So it keeps on the floor on the price. And then if you've actually tried to acquire and deal with the keys, it's really complicated. Right? I mean, I did it at one point. And then I was trying to actually figure out how to get back in and it's hard. And so being able to open it up and have access to that through an ETF and just simply through your brokerage account is a much better way to access. I gotta tell you, first of all, I would say the same thing. If I was offering an ETF of like, look, you guys can't figure it out. You're just too dumb. So let us do that. And we'll take care of you. No problems. Wes, what do you think, man? I think I think it's good for institutions who just want to have it like a stock, right? They just want to have it on their ETF portfolio. They don't want to mess around with digital keys and, you know, hardware wallets and what if someone gets the key? And you've got a lot of boomers who obviously don't even can't even comprehend, you know, using a hardware wallet and connecting it to the blockchain and stuff like this, right? So I think it's good for institutions. And I think we will see money over time flow flow into the market. But yeah, for me, you know, in my community, I'm just like, not your keys, not your crypto, you know, look after your own. I've got four hardware wallets. That's how like crazy I am with security, different brands, different types scattered around all over. So yeah, not your keys, not your crypto 100%. That's a smart thing. You know what, you mean you're the same person. Like I have three different types of wallets. I've got a ledger. I've got my tangent. Same. And I've got my ellipel. And the reason is because like, if we're going to diversify this much, why don't we diversify our hard cold storage wallets? And why not? Right? Yeah. And then, you know, to get back to your point, like I said, like there's way things that the way things that should be and the way things that are going to be, there should be everybody should have their own keys. They should self custody. And that's just the way it should be because you should own everything that you are supposed to. The way it's going to be is like what you said was, and there's a lot of people out there like, I don't trust myself. I can't do it. Hell, my family members can't remember their password that they've made yesterday for their website. So they're just like, I don't want to deal with it. And for those people, if you're here and you're underneath the umbrella, I'm happy. At some point, maybe we can get you on our side to self custody. But hey, you know what, as long as you're here, I'm pretty happy. We'll go from there. And then lastly, before we do a little Q&A, Wes, I don't know what kind of timeframe you got, but we're going to go all the time, no problem. Sweet, sweet, sweet. Let's just talk about this. And then we'll do a little, people got a bunch of questions for you. There's one more thing I'd like to show you. I could get the tech to work right. Yeah. X payments. X payments. This just was an account that was created a couple of days ago, so everybody knows. And you can follow right now. It's at X payments. There's a reason why Elon Musk and the team at X are getting money transmitter license. I think they have it over 16 different states in the United, in the US, and they're trying to build that. But it looks like payments are coming. The question is, how is this going to look? And this is just us being dubious speculation. Wes, what are they going to do for payments and how is this actually going to work? Well, it's big speculation, right? I think Elon, he started PayPal, right? And I think this was his dream from day one to have this massive online banking social system, which he's now seems to be rolling out. So I'd like to see, we don't know what chain it's going to be incorporated in, if it's going to be if it's going to be crypto native, or as far as I've looked so far, but I've not seen too much information about it. But I think it's going to be good for the space, right? If it is going down that avenue and we're going to see digital payments through Twitter, or maybe even Twitter integrated into the blockchain or something like that, I think it's going to be good news for the space. Yeah, I got to agree. And I think it's good for the space. I just don't know what it's going to be. I don't know because everybody would say, well, it's going to be Dogecoin because that's what he always talks about. But I'm not so sure because before, in his Elon Musk profile, he had two logos, essentially, X and the Dogecoin logo. And now if you look at his logo in Elon Musk, it's just like, I think it's, he's the mayor of Trollville and he has got this little goofy thing. So I don't know what it's going to be. I, there was a theory, the PayPal CEO was on, the PayPal CEO was on MSNBC and he said that on the 25th of January, they're going to release, they're going to roll out a new product that's going to shock the world. So people say, well, there's a combination between Elon and PayPal. PayPal allows crypto payments, maybe they're going to do something or something who knows. But I will say this, if it's whatever they choose, I hope it's something that's in my bag, because I'd like this. I'd like that. That's a moon, but that's it for today, everybody. So look, like today's video, give it a thumbs up, consider subscribing, everything to talk about, it's time sensitive.