UpOnly: Chats with Crypto Experts
Path on NFTs, the metaverse and crypto cycle price predictions
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Show Notes
Introduction
– Path has never had a job
– Ledger: “You basically went from being a child, to retired”
– Ledge wants to bring Teen Executive back on to teach him a lesson
– Path bought Bitcoin on the run up in 2013 around $100
– Went to $250 then dropped to $50 in 3 days
– Largest red candle ever? 80%?
2014 Alt Coins
– Feathercoin, BlackCoin
– Ledger bought BlackCoin in 2017 lmao
– BlackCoin was the best pump cause it ripped like 10x, then WhiteCoin pumped right after
– Do not hold something longer than the 1st pump
Path’s Convictions
– Had a lot of ETH back in the day but sold early
– Then built a large position in the 2019 bear market
– Path: “High fees are bullish”
– For Ethereum, you’re paying for the security
– A lot of volume will shift to layer 2 in the coming years
Zcash
– Path was high conviction ZEC early on
– It has really been down only since then
– Zooko (Zcash creator) mentioned in the white paper
– Military very interested in Zk-SNARKs
– for 60 IQ newbs, Zk-SNARK = Zero-Knowledge Succinct Non-Interactive Argument of Knowledge
Tezos
– Path fudded Tezos a bit for NFTs back in May
– The founder quote-tweeted him and got pissed
– Path: “Tezos as an investment isn’t great really”
– Path: “Tezos is definitely the second best chain for NFTs after ETH”
– Chat: “How can you say Tezos is the second best NFT chain when Solana exists?”
– Path: “Tezos has actual art!” he likes the art
NFTs
– CryptoKitties took off 2017 peaks
– Rare Pepes were even before that
– CryptoPunks prob still a great buy
– Axie Infinity is paying people more than minimum wage in their countries
– Path: “Axie Infinity is only the first one of these metaverse games”
– Path: “Save your money and wait for the big collections to come along”
– Path: “Eventually all artists will come to NFTs, even if they hate it now”
– 1/1s have performed very well
– MekaVerse is the biggest NFT drop maybe ever, comes out in 45 min
NFD
– Path fractionalized the fiesty DOGE picture
– Now has a market cap of 8,700 ETH ($31M)
– that’s a very profitable day
– PleasrDAO fractionalized the original DOGE picture
– Bought for $4M, now worth $250M
– Cobie: “Why is dog money a thing at all?”
– It shows that memes have real value
Path soothingly talking and Ledger casually charting in the background
Cobie: “It’s pretty cool how Sam is the richest person under 30 and he just replies to your DMs and tweets”
Trading
– Cobie: “Do you still trade or are you just a collectooor?”
– Path: “I’ve been trading still, mostly NFTs”
– Still likes Bitcoin, longer ETH
– ETH will go sideways before $4k, then in a month or two you lever up on a dip and watch it rip
– Bitcoin probably runs first, then others after
– Path: “ETH chart looks good… going to $20k easy”
– Path: “This is the supercycle I don’t think these bleed out anymore”
Urbit
– Been in development since 2002
– Your ID is locked to a planet or star
– You can buy planets, stars, and galaxies
– It’s all about decentralizing everything and not being at the mercy of Microsoft or Apple or anything
– Path: “It’s a great idea, it’s a really interesting idea”
– Path: “This is the next big thing after NFTs and metaverse and stuff, you guys will be on this in like 5 years”
Asset Name Tops
Bitcoin – $250k
Ethereum – $80k
Solana – $500
Cardano – $20
Chainlink – $400
Zcash – $5000
LUNA – isn’t that a stablecoin?
AAVE – $1000
BNB – $2000
FTT – $300
TSLA – $0
GME – $1000
UK Gas Prices – ???
Floor Punk – 300-400 ETH
XTZ – $50
XRP – $3
Other Chat Questions
– The land produces Axies and Axies themselves are yield generating so its like a double
– AVAX is good but you’re getting dumped on by funds
– Honoraries are given to be sold
– OpenSea will likely do a token
FINAL ALPHA
– Path: “Just be yourself”
– Cobie: “What about if you suck?”
– Path: “Get better”
Notes by Kevin
Music by GiovanniPickle
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