Touch Grass Podcast

EmptyBrainTrader on Elysium's launch

"I like the idea of having a Layer 2, because I think it has a lot of value for something like Hyperliquid. But I feel like people are trying to force an onchain season here, in my opinion"

"I'm not a big fan of them trying to force an onchain season. You're gonna get hurt doing that. I also don't think it's the market environment for this"

"People are legit only focusing on memes there. I do question what value besides memes are people launching on Elysium"

"Let's look at actual revenue-generating DeFi protocols. I know Robinhood; we at least had points, and I know that has gone absolutely wrong, but is there anything of that sort launching on there?"

EmptyBrainTrader says $STRC near $100 looks like a good short, with Saylor the only real buyer

"STRC is getting close to 100 again. I think it briefly traded at 100 on Wednesday, maybe for a minute or two."

"This thing that's like 100 is pretty good for a short, in my opinion."

"His biggest buys are buying STRC. He's like the biggest net buyer of STRC. Nobody else is buying STRC, in my opinion."

"I think the risk is very low to short, but... I wouldn't take it... It could be a catalyst where the positive flywheel kicks in again and maybe something happens, but I wouldn't count on it."

EmptyBrainTrader warns stocks could be heading for a 2022-style bear market, as even the dumbest bad news hits hard.

“The one thing I will say is, I don’t know if we’re out of the woods in equity land. I think there’s a very strong possibility that we do a similar market to 2022... basically we had an equity bear market where it just went down.”

“It wouldn’t surprise me if that’s the case as well, especially since the AI fears are real and true.”

“I think the Nvidia news is... not that big, especially as long as it’s alleged news and nothing is confirmed. But it just shows how scared the market is... I call it dumb, but even the dumbest of bad news has... a big impact on the market.”

“That, in my opinion, is the scariest stuff when it comes to reflexivity, because the market’s already on edge and any type of bad news, even the smallest and dumbest stuff, is pushing this shit down. None of that is good.”

EmptyBrainTrader says $HYPE spiking to $96 on good news, then dumping below $80, was his signal to stop going long

“Immediately after that news, it went to 96 or something, and then retraced back below 80. Right now it just says what this market is right now, where everything gets sold off”

“Any kind of catalyst you think will create this market shift, it’s just not happening”

“I think that Hyperliquid news was pretty big signal for me where I should just not trade this market anymore, at least on the long side”

“To be very good on the shorts, you have to be very skilled. Unless you time it properly, you’re going to get chopped up”

“We know so many people who’ve been short crypto or short some of these AI names for six months. And if they gave up any time in the last 1 or 2 months, they probably didn’t catch this whole move down”

Max Fear, the Jensen Fallout & How Low Can We Go? ft.Taha from Paragon x.com/i/broadcasts/2…