Space Summary
The Twitter Space FYI: Ep8 – Doom & Ben w/ Mando!! hosted by CryptoVonDoom. In FYI: Ep8 – Doom & Ben w/ Mando!!, development agency experts @cmnd_line, @gmi_gg & @loveless_city, along with advisors @Keystone_io, @appliedprimate & @libertysquarehq, delved into the significance of community engagement, partnerships, teamwork, and credibility in project success. They highlighted the value of experienced advisors, effective marketing strategies, and leveraging connections for growth. Collaborative content creation, innovation with practicality, and the impact of passion and dedication on outcomes were key focuses.
For more spaces, visit the Development Agency page.
Visit the Live report to explore the space stats.
Questions
Q: How crucial is community engagement in project success?
A: Community engagement fosters loyalty, feedback, and project sustainability.
Q: Why are experienced advisors valuable in the industry?
A: Experienced advisors provide industry insights, guidance, and networking opportunities.
Q: What benefits do partnerships bring to project success?
A: Partnerships can offer resources, expertise, and variety to project development.
Q: Why is collaboration with co-hosts beneficial for content?
A: Collaborating with co-hosts can bring diverse perspectives, entertainment value, and audience engagement.
Q: How important is credibility and expertise in project execution?
A: Credibility and expertise build trust, reputation, and quality outcomes in projects.
Q: How can connections be leveraged for project growth?
A: Connections provide opportunities for networking, exposure, and collaboration.
Q: What role does marketing play in the success of a project?
A: Effective marketing raises awareness, drives engagement, and boosts project visibility.
Q: Why is teamwork essential for project development?
A: Teamwork fosters synergy, idea exchange, and efficient execution in projects.
Q: How can projects balance innovation with practicality?
A: Balancing innovation with practicality ensures creativity along with feasibility in project implementation.
Q: What impact does passion and dedication have on project outcomes?
A: Passion and dedication drive motivation, resilience, and excellence in project results.
Highlights
Time: 00:12:45
Community Engagement Strategies Exploring effective ways to engage and nurture project communities.
Time: 00:25:18
Advisor Insights and Networking The benefits of having experienced advisors and their role in networking.
Time: 00:38:02
Partnership Success Stories Sharing successful partnership examples and their impact on projects.
Time: 00:48:59
Co-Host Collaborations for Engaging Content Utilizing co-host collaborations to create dynamic and interactive content.
Time: 01:02:15
Expertise and Credibility in Industry Discussing the importance of expertise and credibility in project endeavors.
Time: 01:15:30
Networking and Growth Opportunities How connections can open doors for growth and project expansion.
Time: 01:28:45
Innovative Marketing Strategies Innovative approaches to project marketing for enhanced visibility.
Time: 01:35:50
Teamwork Dynamics in Projects The role of teamwork in fostering collaboration and achieving project goals.
Time: 01:48:29
Balancing Innovation with Practicality Strategies for maintaining a balance between innovative ideas and practical implementation.
Time: 02:00:10
Passion and Dedication Impact Exploring how passion and dedication influence project outcomes positively.
Key Takeaways
- Importance of community engagement in projects.
- The value of having experienced advisors in the industry.
- Building strong partnerships for project success.
- Utilizing co-host collaborations to enhance content.
- The significance of expertise and credibility in the space.
- Leveraging connections to drive project growth.
- Strategies for effective project marketing.
- The role of teamwork in project development.
- Balancing innovation with practicality in projects.
- The impact of passion and dedication on project outcomes.
Behind the Mic
Introduction
Our channel it. Hey, everyone. Welcome to the Wolf web three spaces, baby. I’m going to get started in just a second. I want to play a little bit of music while we’re getting started. Please repost the space bottom right corner. The little purple pill blocks I just showed you. Let me shoot you a co host invite right now. Got it. We can start here in just a second. I’m going to make sure the speakers know that we are talking. Mark, get started in just one moment. Here we go. Game of Thrones. Yeah, definitely. Sadeena. All right, stir for my mic here. Cool. Guys, welcome to Wolf Web three. Can’t wait to get into the conversation today. Stoked to see all of you in here. Still waiting on a few speakers, but they’ll be coming in just a few moments. Big shout out to all the people who showed up today. Happy, happy Monday.
Sponsorship Announcement
Do want to also, big shout out to our co host and sponsor for today, blocks, who’s co speed and sponsoring today’s episode. They’re simplifying your digital life with an all in one security and management. Protecting your data and devices from threats, allowing you to manage everything from system optimization to remote access, all in one platform. It even lets you turn unused resources and computing power into extra income. I’m talking about deep in rewards, baby. We all know that we love the deep in rewards. Me personally, I love the deep end rewards as well. So whether you’re looking for security, efficiency or new ways to learn, blocks is making it easy. I pinned something up in the nest. If you guys want to check them out, give them a follow. If you’re a project you want to partner up with them, definitely jump into their dm’s. And thanks again to blocks for sponsoring this episode.
Market Discussion
But listen, guys, we’re talking about the markets today. I brought a few of the other speakers up here. Carpe knocked them, shot you a speaker invite. You were up here just a second ago. Looks like you may have dropped down, but I’ll toss it over to Ladytrader first. We also got Calvin in the house, Fein and Dave Kelly. Bits see a bunch of familiar faces, but I’ll throw it over to Lady Trader first, get some thoughts overall, how we’re feeling in the markets. Any trades you’ve gotten in, any exits you’ve made or entries, let’s talk about it. Hey, thank you so much for having me up here. I am bullish and a moment of silence for bits of wealth. Just kidding. No, I am very bullish right now on bitcoin. It’s starting to look pretty good on daily chart. I am a little bit concerned about the weekly chart, though, so that’s just being completely honest here.
Market Trends and Predictions
And I’m hoping that we create that higher high pretty quickly. And really on the daily chart also, it’s starting to look bullish. Very bullish right now, but it could still have maybe another 60k or so retest, we don’t know. Weekly chart is looking absolutely fantastic. Tariffs are moving, gaming tokens are moving. And so these are really the good times when you basically have to go ahead and start DCA ing. These are like the final days where you could get a good entry and then continue to hold for the rest of the bull run. Lots of stuff happening. Of course, mo covers token. That’s obviously one of my top picks right now. Ledger, AI, that team is absolutely killing it. We have twin protocol launching this month as well. So twin is a project that is also working very closely with Wolf’s team, and they are basically creating digital twins of people.
Introduction of New Projects
If you actually google right now Deepak Chopra AI, you will see a ton of news coverage where Deepak is talking about his digital twin, which is powered by twin protocol. So basically, we’ve been in the news everywhere. It’s been amazing. So definitely a project that you want to keep an eye on, but good stuff is happening. Polyi, Ledger, AI, all of the AI coins right now are looking really hot. XBG is a coin that is one of my top gaming picks as well. And this coin, they actually launched as a very. They actually launched at 100% at TGE, which is not something that happens a lot nowadays. And they also did a Dex only lounge, so they didn’t really go with any centralized exchanges or anything. They did raise, I believe, close to $10 million on their public sale, if I’m not mistaken, which is crazy.
Investment Strategies
They just basically did a lounge on a Dex and went with it. And I mean, their chart is looking super bullish right now without any concerns of the, you know, selling or massive selling from the VC. So some pretty awesome plays for this bull run that, you know, I’m super excited about. And we’ll see how everything works out in the next few weeks. Let’s get it, let’s get it. Appreciate the breakdown there, ladies trader, as always, guys, if you haven’t already, please, guys and girls, please retweet the space, bottom right corner. Let people know that we’re out here. Help us out. Help us grow the wolf with three spaces. Get us on the timeline. Quote, tweet. Retweets. Likes they all help. We really appreciate all of you. Got some new speakers up here as well.
Panel Insights
We’ve got carpe noctum, I believe we have back on stage here. Great to have you, trader and analysts would love to get some thoughts over from any trades you’re in, any coins you’re eyeing, any key levels. But it’s great to have you in the space. Hey everybody, thanks for having me. Hopefully this works on browser. Yes, sir. Yeah, so bitcoin, like Ladytrader was saying, looks great. That’s good news for alts. I know there’s a lot of people. Very deep into alts, probably too deep. For the past six months, but alts are waking up. We’ve got Nvidia waking up as well. Which is important probably for crypto in a, you know, adjacent way. It’s good to see the crypto miners waking up as well.
Economic Influences
Specifically Coresdez starting to do well here. Probably off the back of Nvidia. Nvidia SMCI probably doing well off the back of this chinese stimulus stuff. And all this liquidity is eventually going. To roll our way. At least it should at some point in time. Right now the focus is certainly China. China. But that does come our way historically. So that’s looking really good. As far as levels for BTC, anything over 65, 66 if we can hold it. That’s great. You’re seeing a lot of volatility intra week, intraday around this like 63, 64 level. We have geopolitical cross currents. We’ve got CPI this week. CPI for the US shouldn’t come in hot. It should be actually around 2.25.
Inflation Concerns
So that’s good news for markets as far as inflation expectations. Markets hate higher inflation, rising inflation. The issue for inflation is going to. Be next month because oil gas is rising in price, at least again, partially. Because of geopolitical stuff. So the next month’s print for this. Month is going to be more interesting. Than this months print as far as the market is concerned. So that’s something to watch out for. But then really the last thing is this hurricane in Florida, which is just. Becoming an absolute monster behemoth. And that is no bueno for anybody down there. So I hope everybody’s safe in Florida. But on the crypto side of things, even MSTR, it’s almost near all time highs.
Market Performance and Outlook
I don’t have any logic or explanation. But it continues to do really well. It continues to outperform all the two x products. It continues to outperform miners. It continues to outperform Coinbase like you can throw any chart against MSTR and it’s just no contest. Loving it, dude. No, I appreciate you brought up a few different points there. I’m sure some people have some thoughts. Guys, if you’re on the panel, definitely throw up some hands if you have any thoughts on that. Also, if you’re in the audience and you want to comment or throw up a chart or ask about a certain coin that you’re interested in, as long as it’s not like a painfully awkward shill type of comment kind of thing, you know? Definitely, definitely.
Community Engagement
Leave us, leave us a comment and we’ll see if we can bring it up into the chat. But, yeah, we got a few more speakers up in here. I saw a couple hands jump straight up, so I’ll throw it over to Kelly. Kelly, it’s great to have you, man. And then we’ll hit Dave. Always love doing these spaces. And I just wanted to first shout out Lady Trader with the twin protocol thing. I was just in Singapore for Token 2049, and for the better part of the last 17 years, I also. I’ve been in markets for a long time, but I also toured internationally as a dj for 17 years. I bring that up because I djed. The yacht party that they had in Singapore, which was. Their whole team, was so phenomenal.
Market Analysis
So I just want to shout that out. But in terms of the markets, you know, I’m actually curious to get some feedback from anybody else’s thoughts on this because I’ve noticed this cycle, obviously, every cycle is going to be different than the last. Some things rhyme, some things break mold. But I’m feeling like this cycle, we’re seeing a little bit different interaction or capital flow through the market than we’ve seen in the previous two cycles. Of course, 2017 was ICO craze, then we had the NFT and gaming narrative. Now we’re seeing. I’m feeling like we’re going to have. I don’t know how this is going to play out, but we’re going getting a slightly different capital flow where bitcoin has been for the most part, for the last seven months, consolidating and rightfully so.
Anticipated Market Movements
I think it’s great that we’re building this base, but we’re seeing, you know, Tao is just blowing up through the roof. That just start is looking really good. We’re seeing the coins like Sui and I think near is not doing it yet, but we’re seeing capital sort of flow into DC, different individual product projects. And I’m trying not to get hyper bullish on it, thinking that, okay, this is performing now, this is going to obviously be doing well in the market because we’ve also seen things have a sort of their day in the sun with narrative focus or just attention within the space, and then profits are taken and everything else outpaces it for months. But I’m very, very bullish going into the end of the year, and I do think it’s important to note what’s going on with the hurricane that just passed, the economic damage that’s going to be causing, also the compassion for all the people that have dealt with that.
Overall Market Sentiment
But now this next hurricane, even if we have, if we don’t have the fuel to really break out of this range in October, which I think we do, especially considering the money flow in terms of capital flow into markets from the global liquidity starting to tick up, I think regardless of what happens this month, I think going into the end of the year, barring some sort of out of context much larger global issue beyond what’s currently happening over in the Middle East, I think that we’re going to be seeing some. I mean, I’m so goddarn bullish. And I want to shout out Dave Weisberger, too. Been a longtime listener. Always love your takes, brother.
Market Positioning
Yeah, I mean, you know, it’s funny because we’ve been sitting here, and I don’t think I’ve been on this space before, but, you know, people get mad or, you know, I got a lot of flack in March, April, May, June, whatever. And I kept saying we’re in a trading range. It’s likely the in a trading range until we get to October, November. And people didn’t want to hear that. But that’s where were. And now we’re sitting here and we’ve learned a few things. I mean, the last week has been incredibly important. I want to give three things that I think are important about it. The first is we had a fairly large liquidation day, so we had 500 million liquidated on a move, and we couldn’t go below 59,000.
Liquidation Insights
Remember, a slightly double the size move took it down to 49,000 about a month earlier. Now, that matters. What is that telling you? It’s telling you there’s bids in the spot market from patient buyers. So there is, it literally is textbook accumulation. So when you’re at a level that’s in the middle of a trading range, actually, we’re a little above that, I guess, at 63 five, but it’s been between 50 and 70 since March. But when you’re in the middle of a range or slightly below that or slightly above it, and you see serious accumulation happened, that matters because that’s what makes you feel like a bottom. When you see lots of speculation, everybody bullish and putting their money to work and very high funding rates and futures at significant premiums and perps at significant premiums, that’s probably not a bottom, but that’s the exact opposite of where we are.
News and Market Dynamics
So that’s thing number one. Thing number two, you talk about news events or thing or stories that literally have not been reflected in the price. And when you see someone senior in the CCP who used to be in charge of pieces of economic policy talking about the chinese government allowing investment into crypto and particularly into bitcoin, that is enormous. And that is not anywhere close to being priced into any of these markets. Now, people here, it’s funny because if you go back years ago in bear markets or when markets would roll over, how many times has everyone on this space seen or saw China Fud be blamed for the market going down? Well, you can’t blame China FUD when there’s no chinese investments except for chinese expatriates who all kind of pre clear what they’re doing so they don’t have to get their families in trouble. So now the opposite happens and nothing moves.
Future Considerations
To me, that’s kind of a big deal. And we’re going to look back at that and say, that was a big deal, but probably six months to a year from now, that’s number two. Number three is if you look at what’s going on in terms of macro, and I can spend way too much time on that, so I’m not going to. But what I’ll say is a few things. Coin has will all, every time that’s ever happened, bitcoin will benefit. But bitcoin has lagged, explaining me why bitcoin would suffer more because of concerns over Middle eastern violence and war than oil prices or than the stock markets, then maybe you could explain that to me, because to me that makes no sense. And when things don’t make sense, they do tend to correct.
Upcoming Market Trends
And so one way or another, you will see that reaction reassert itself. So those are the three things I’d start with. Loving these takes. Yeah, bunch of points there as well, Dave, so appreciate all those takes that we just had. Got a few other people on the panel as well, would love to hear from bits we can get Calvin to the conversation. I see Fanon’s got a hand as well. Let me throw it over to bits first. And then we’ll hit fein in. And then I want to get Calvin and price into the conversation. Bits, you with us, bro? I’m still having. I’m still having my moment of silence. Lady Trader suggested I take earlier.
Panel Interaction
Oh, by all means, just bear with me. Next. We’ll see you next week, bro. Nah. Good morning, guys. Great takes or good afternoon, actually. But yeah, great takes today. Looking at the bitcoin chart right now, I think everyone’s pretty much nailed it where it’s like, okay, we’re at an interesting range. We’re still, for the large part, chopping around here. And we just need to get a little bit more clarity. We need momentum in either direction at this point. For me, level still remains kind of the same as last time. Right. I want to see what happens around like 66 five to 67 five.
Resistance Levels
That is still that upper end of that resistance here. If it goes through that, then, you know, we’re pretty much cleared. Start looking towards like 70k. That’d be the next place I’d be looking. So just kind of watching that. I did notice like, this was like late last week that stablecoin dominance was starting to come back down. So that’s always an indicator I like to look at. And I’m actually combining. A lot of people just do like USDT dominance or USDC, but I actually just combined in Tradingview, USDT, USDC and DAi. I think those are the bigger ones.
Market Indicators
So it is coming down a little bit. It has slowed down in terms of the momentum that it had to the downside, but it is very much still trending down. And there is a clear support, like around 7% or so. And we’re still at about 7.5% right now. So there is a little bit more room to the downside where we could still continue to see the stablecoin dominance. Give some of that back. And in turn, we would see the total charts reflect with a little bit more upward movement here. So just kind of watching that. I’ve got some longs on some like Og coins, like notably XRP has been one. I’ve been kind of waiting to make a move.
Personal Trading Strategy
Got a long position at about $0.52 or so. And I’m kind of just sitting here. I’m sitting in. Profits stop is in a good place and I think it’s got the potential to make a move up. It just. That one’s always a tricky one to time because it just likes to go when it goes, and when it does, it moves quickly and then it’s over. So you kind of, you got to, just got to be ready for it. You got to be positioned, and if you’re not, you know, don’t chase it. But been playing a lot. You know, I’ve been mentioning it for a couple weeks now, I think, but I’ve been playing a lot in the sui meme space.
Exploring New Trends
There’s a couple really great communities that I’ve been plugged into, and they’re just super plugged in and tuned into what’s going on in that space. So I just try and keep up with these guys, but all the meme stuff, it moves so fast. I mean, you have to just constantly be just knowing, like, where the alpha is, what tools people are using, what you’re using to verify against potential rugs or honey pots or any of that. But it’s a growing ecosystem. It’s been, it’s been a little sluggish the last few days as it’s getting battle tested a little bit, but still by far one of the faster networks to play on.
Community Advice
So I’d say, you know, if you’re looking for something new, if you’re a fan of memes and maybe you’re exclusively on Solana or one of these other networks, go, give, go. Give Sui, go give it a look. You know, plug into what’s going on. There still a lot of young projects. There’s really not many memes that are over ten mil that I’m aware of even above, you know, five mil. It’s really just a handful of them, but there’s a bunch that are sub a million, quite a few still sub 500k with active communities, with ctos ongoing. So, yeah, it’s a pretty vibrant community.
Market Dynamics
So they’ve got a good thing going, and they’ve got great teams that are active in that space. Hey, Wolf, I wanted to hop in there just a second to keep it on. The dominance talk, I was noticing also when you look at the bitcoin dominance, if you draw that descending level of resistance, it looks like it’s breaking out and doing something a little different. So I was kind of exploring some different charts, and I did the bitcoin dominance minus USDT. I didn’t go through the other stable coins, just subtracting USDT on that. And it actually shows that there’s been no break of that structure, which is kind of interesting because I know Benjamin Cowen.
Analysis of Bitcoin Dominance
I have a lot of respect for Benjamin Cowen. He’s been calling for 60% dominance for, I mean, months and months now. But when you subtract the USDT from that chart, it shows that the dominance is rounding into that and nowhere, not breaking it at all yet. So it’s going to be interesting to see this cycle if we do get that surge up, because as I was mentioning before, it’s very different the way I’m seeing the capital flow in these markets. So it’s like you got to look at all these things in context, but you also have to treat each asset as an individual horse in the race.
Sharing Insights
Yeah, great points there, Kelly. Bits, did you want to respond to that? I just saw you hit throw up the hand. I do. But if not, if Nat had her hand up, if she wants to go, that’s fine. Yep. Thank you. Bits of wealth. Great takes all around. We have a very intelligent panel here. I agree with the takes on the web three. I’m also long XRP. I was on the space with John Deaton. He actually came one of the space that I co hosted and it was amazing. It was great having him on there. Yeah, I’m long at XRP.
ALTS Performance
Very interesting. Let’s see how it plays out. But with regards to the stock market, one thing I wanted to mention is Robin Hood. Don’t sleep on hood, guys. Right now they’re showing amazing strength with spy being down $3, QQ being down over $2, Hood is actually nicely in the green. In addition to that, they’ve also been out there implementing amazing things. It looks like they seem to have doubled down on their marketing. They also have a partnership with, I believe, the Grizzlies. And today there was a very interesting piece of news as well.
Market Trends
This morning, Robin Hood’s chief legal officer to replace Gantzler at SEC chair on the Trump right. We have to wait and see how this plays out. Right, because it’s all speculation. But as of right now, Hood is showing some amazing strength. And if we look at the one month chart, we’ll see that it has like, that bullish confirmation. So it will be very interesting to keep an eye on that. Hood in addition to chinese stock. Right. We see Baba, JD and Nio. All of them are having great strides as well.
Engagement with Audience
Dang. Let’s go. Hey, give a follow to all the speakers on stage. Nat, that was great. I’m really glad you brought that up. But yeah, please give a fallout to all the speakers up on stage here. Fall blocks as well. They’re sponsoring this episode. But man, we are not able to keep up with all the things in the market without our amazing people on the panel. So appreciate everyone who kind of comes in and brings the things that they’re noticing in the market. Bits I’ll let you respond to, I think, what Kelly had to say.
Looking Ahead
Then. Fannie’s back with us. I see his hands. So we’ll go to Fannie and after. Yeah. So when we’re speaking of things like the, you know, trying to get some edge or some clues from dominance or the total charts or just different things that we compare to, look, one of the ones I was playing with last week, and I’ve pinned it up in the nest. I also left it in the comments if anyone wants to look at it and follow along, is I essentially built the crypto, the total chart.
New Chart Insights
Right. The standard total crypto market cap chart. But I removed bitcoin, ETH, Solana, USDT and USDC, which have been kind of where a lot of the liquidity has been concentrated. BTC, ETH, and Sol were some of the few that went up near all time highs or slightly above all time highs at some point. And obviously, there’s a lot of liquidity that sits in stable coins. But when you look at that, I thought it was really interesting that from the lows up through march of this year, that chart actually, it only did about a 50% or so extension on the fib.
Market Cap Analysis
So it actually rejected at about the 0.5, which is just really just showing us that a lot of the energy and the liquidity and the money that’s been flown around has been concentrated into just those other five, roughly. Right. Yes. It’s gone into memes. It’s gone into a lot of that. but, it just goes to show if we are going higher from here, don’t sleep on all the other things that have not moved. I truly believe that there is a possibility for a massive rotation to occur at some point if we are going much higher. you know, my opinion, going to flow over and enter some of the laggards that haven’t really moved yet.
Final Thoughts
So, it just, it’s a different way to look at it and just look at what opportunity might still be ahead of us, when this thing finally decides to get going. Higher, baby, higher. Love it. Fanon also go to you. I see your hand. Definitely. Yeah. Yes. So, yeah, I’m very bullish on Sui right now. I think a lot of people forget that the two fastest blockchains are Solana and Sui is the second fastest blockchain, and they’re also coming out with their web free gaming device, the Sui play, which is also gonna bring a lot of attention, and it’s one of the bigger gaming things in crypto.
Current Market Conditions
Okay, so basically what I’m seeing right now, I still think that the current geopolitical landscape, there might be some sort of certain escalations this month. So I am sort of trading carefully at the moment. But my prediction is that we basically flush the lower side of the liquidation levels. Right once more. Which means, I mean, if we look at the liquidation levels now, we see on the upper side, it’s 66,000 for bitcoin, 156 for Solana, 205 for Sui, and $25.90 for ETh. Right? At around 66, 200 on bitcoin.
Liquidation Levels
Twelve. Sorry. 10 billion shorts will be liquidated, obviously, at 70,300. You have 16 billion liquidation sitting. And then we have the big squeeze at 72 five, where we see 18 billion. So when the price of bitcoin hits that range, then we’ll see those liquidations. Obviously, in the lower side, we see around 60k. BDC, 138 for Solana, 173 for Sui, and 23 34 for Eth. So, yeah, like, I’m kind of seeing that we sort of what we’re going to see, I think we could push to 66 1st, but I do see us testing 60k pretty soon, and then I see us going higher to around the late 60, 70k range.
Future Predictions
Right. This is what I see right now. I don’t think bitcoin. So, like, short term, I still think we’re going to see that lower test. But then I like, overall, I’m bullish. Bitcoin hasn’t caught up to global liquidity, and I do think we’re going to see a large move towards the end of October and also in November as well. I’ve been looking at the Zeus network and sort of, like, recently, and it’s obviously, it’s a cross chain communication layer between bitcoin and Seoul and what it basically allows bitcoin whales to earn yield and bitcoin without selling it and without moving custody of, like, the bitcoin network.
Token Insights
Right. And I think targets for. And Zeus is currently sitting at $0.30 right now. My. My target for Zeus is 50 to 75. So, yeah, so I’m. Overall, I’m pretty bullish right now, guys. Love it, love it. Appreciate the take there, Fanon. I want to go to Calvin, and then I want to get prices. Thoughts? And, of course, lady Trader, feel free to hop in at any time.
Discussion Introduction
And definitely, guys, and girls, throw up a hand if you want to respond to something or bring something else up. But, Calvin, great to have you in the space, brother. Thank you. Well, yeah, with this. This final kind of red candle on the weekly, I noticed that bitcoin is. It looks like it could potentially be. A new leg down, but it really depends because the. The touchdown point was the 20 week moving average, which is actually a really nice place to pull back to.
Market Analysis
So we kind of have a long wick that’s the size of the candle body. The size of that candle body. Excuse me. The. The wick dropped down to our 50% point between our low and our most recent high. So to hit the midpoint and pop up like that and then find, you know, a support, at least resting support on the end of this weekly close on the 20 is actually not too bad. If we happen to get a bullish engulfing candle out of this week, we’d have everything we need to probably break this down trend and move forward. Of course, all that has to happen. First, but I don’t see this as anything I’m super worried or concerned about on the daily. I’m still waiting for a cross of the 50 and the 100, and those.
Moving Averages and Volatility
Averages are getting closer. We’re only less than dollar 500 apart right now. Looks like. No, about 600 somewhere in there. Less than 600. But I. It’s very close. Like, that cross will really start cementing some of that momentum to the upside. I love the fact that we tagged the 200 day moving average today, so that’s a huge number. Even if we don’t necessarily close above it, hitting it is major. One other thing I wanted to mention. On the weekly is. Our nine week. And our 20 week are looking to close.
Indicators and Future Predictions
If they cross in the next two weeks or something, that will be a pretty major event. We haven’t had a weekly nine and 20 cross for a while, so it’ll kind of show you that there is. Some momentum moving back into our market. So, I don’t know. On the whole, it’s doing exactly what I was hoping for. We’ve kind of crossed the 50 back September 17. We’ve been messing with the 200. We come back. Exactly. And found some support on the 50. Now we’re retesting the 200. I mean, it really is a pattern for a breakout to the upside, in my opinion.
Three Day Chart Observations
All right, bits, I see through. Up a hand, brother. Please hop in. Yeah, I think what’s interesting is I just pulled it up, Calvin, on the three day as well, because I’m trying to look at this exactly what you’re talking about here. And one thing that jumps out at me though, is I recently started using a vector candle indicator on my charts. I hadn’t really used it in the past, and I’m kind of playing around with it to see if I find that it gives me more value in how I look at the chart. And what that basically does is these vector candle indicators is they will color the candle body based on some volume requirements.
Volume Analysis
And so one thing to know is the three day candle, when we rejected that 65 and a half, 66 or so that happened this last week, that is a full bodied red candle, which by this vector and the code, it’s essentially, it means that it was greater than 200% of the volume of the previous ten candles on that three day chart. So that was a strong rejection. As a matter of fact, it was a stronger rejection than the last time we rejected from this zone back in August, 24, 25th. So this was a much stronger rejection. And I think there could be clues in that. And the candles up. So far we’re working on the second one, but we’ve had one three day candle already closed and we’re in the middle of this other one that will close here in about a day and 6 hours or so.
Current Market Behavior
Both of those are still relatively low volume. So that’s telling me that this move up, and if I just go to even just the daily, this move up from that bottom has been on very low volume, so it doesn’t have a lot of momentum. It had a lot of momentum down, much stronger than the last time we rejected. But, but it’s lacking energy coming up. So I am watching that right now to see what happens, because we are back in that resistance zone again. And if it’s going to go through it, I suspect we would need to see volume show up to basically validate that move through here. Yeah, I see what you’re saying.
Bullish Trends
When I’m looking at that three day, I actually see, I actually, I’m reading it more bullish than bearish, mostly because in this case, the nine and the 20 have actually crossed bullish. And the most recent pullback on that. Big red candle pulled us right down to the 20. And we are essentially pulling up off of that. All of the other crosses we kind of slipped through. this one seems to be holding. So I don’t know. It looks good to me. Yeah, I don’t have the nine or the 20, but I have the 21 and I can see what you’re saying.
Current Trading Strategies
This is the first time where we’ve, like, reclaimed it almost right away that we kind of found a little support right there. I don’t know. I mean, we’re obviously in a range, like, we’re all just, you know, speculating until we have a breakout. But I love the price action on the top 50% of our trading range. Ladytrader, I see your hand. Hop in. Hey. Thank you. So I was actually looking at something that made me a lot of money back in 2021, and that was idos. I was investing in idos a lot.
Experiences with IDOs
So there’s going to be some alpha in what I share right now. So first up, the data. Obviously, there were some place in the last bull market that actually did. We are talking about thousands of percentages, right? So basically the highest one that I had was about 1500 x, which is like, what, 150,000%? Pretty high. And so there were some returns that were absolutely phenomenal. So I was kind of looking at the data that I’m going to actually post on my page as well pretty soon. But September was actually a really awful month for idos.
Market Performance Overview
There were about 30 idos that were launched and the returns were absolutely awful. So 17 of them had an ROI under one x, which means that if you were an investor in any of those place, then you were closing at a loss because you’re only getting a small percentage at TGE and it’s impossible to actually get out at all time highs because maybe sometimes your teams are waiting to give you tokens five to ten minutes after launch. By then all of the action is over. The all time highs have already been created. So loss of risk there with the idos. There were also two idos.
Potential for Future IDOs
The highest return was about 3.4 x, which is 340%. Again, pretty much in the net loss if you invested in it. But I think the money is going to start pouring into idos. There’s going to be ido season that’s going to start pretty soon. And so the biggest issue for a lot of people is going to be KYC, because you cannot KYC on most launch pads if you are from certain countries. And for that you could get, like, there are a lot of solutions this time versus what you had during the last bull run.
KYC Challenges in the Market
Of course, you can use a nominee if you have one in another country. If you are a dual citizen, that’s great. If not, you could get a digital citizenship of Palau and some other countries to actually do that KYC, and those are actually accepted, which is amazing. So lots of good stuff that’s going to be happening in the ideal world. Keep an eye on it because launchpads are usually the last ones to move, but when they move, it’s crazy. So right now, it’s like the absolute bottom for most of the launchpad tokens.
Investment Strategies
If you were to basically buy a tier, it would be really cheap right now versus once the bull market starts. But like I said again, launchpads are the last ones to move. So it’s going to take a few months for them to play out, but there’s going to be a lot of liquidity coming into the idos. You just have to make sure that you’re going for lower valuation for the plays. And then also one thing I will call out, last Bull Run. A lot of projects, really.
Changes in Refund Policies
None of the launchpads did any refund policies. Nowadays, like this, Bull Run is the safest for idos because most idos are going to be like, they will give you refundable option to where if it did not perform the way you wanted it to perform, then the first couple of days or the first 24 hours, sometimes first three days or first five days, even for some launch pad, you can actually get a refund, which is pretty amazing. Which is not something we had back in 2021, and it still made a ton of money in 2021 without any refund.
Future Prospects of IDOs
It was crazy. So keep an eye out for Idos and Ido season to return because that’s going to be amazing. So that’s something that I wanted to add to the discussion today. I don’t know how many of you play in the idos, but if you haven’t had, definitely take a look at it. No, I just want to say I’m surprised you mentioned the web three pillow id. I’m surprised by how many people in the space aren’t actually aware of it.
Awareness of Web Three Programs
And I think it’s a really great program that they have. Absolutely. I mean, everybody complains, hey, I cannot, KYC, I cannot do this. It’s like, you know, don’t say you cannot. There are always ways to do it, right? There is. Whenever you hit a. Hit a wall, you can break the wall, you can climb under it, you can climb over it, you can do whatever you want to do. You can.
Mindset for Overcoming Challenges
But you first have to convince yourself that, yes, it’s possible somehow. I’ll make a way. Go ahead, Price, you have your hands up. Hey, how’s it going, everyone? Good, Price, I think you just cut it out. Are you with us? Yeah. Yep, I can. Yeah. Yeah. Okay. Yeah, I was gonna say, yeah, I apologize about, you know, my connection keeps dropping, going in and out.
Connectivity Issues
I’m on the outskirts of Atlanta right now. hey, me too. Yeah. lady. Oh, yeah. What’s up? Who said that? Who’s in? Who’s in? Kelly Kellum. I’m up here in Kennesaw. That’s where our studio is for hit network. Oh, yeah. Dope. Yeah, I’m downtown, but right now I’m actually up at a buddy’s house trying to get a lesson in mechanics. But yeah, Lady Trey, talking about the plow.
Conversations and Fundraising
Id remember, like, the rules of Fight club, you know what I mean? Like, rule one, never talk about fight club. It’s definitely an option for a lot of people, but it’s one of those things that everyone, like, you know, tries to keep debt low just because, you know, America tries, you know, they went after the prop firms. They’re going after the KyC thing. It’s like they’ll do everything in their power to try to keep us poor, but they’re protecting you.
Regulatory Understanding
Can y’all hear me? Protecting you? Yes, we can hear you. Now you’re just cutting off. Okay. Yeah, I apologize. now, like, since last time we talked, I’ve had two longs, both of them successful. right now, I noticed that price went up and is catching a right out. So that’s an area to keep an eye on as well as that, of course, that 65 to 66,000 area. But pretty much other than that, you know, it’s like just the same old song and dance.
Market Instability
You know, we’re in this range. We’re just playing the range game, you know, until we get a breakout. Buddy of mine messaged me in our community discord the other day and was just asking me about my overall view, like, on the market, because, you know, I’ve been longing a lot, I’ve been shorting a lot. I’ve just been moving with the flow and I just had to bring up the point to them something again that, like Black Widow spoke about on these spaces.
Observations on Market Trends
You know, she continuously talked about the giant multi year cup and handle we’re in. So if you look on the weekly chart, you can identify it. And just if you go and look at gold, you’ll see the same pattern in gold. And I’m not really a pattern trader, but I do have to say the cup and handles, you know, they’re the highest percentage of a pattern breakout. You know, it’s like 65% to 70% for a breakout to the top side.
Price Movements
And again, if you go and you look at gold, you’ll see the same exact pattern form. And we’ve already broken out of it. So there’s that. There’s also global liquidity. That is definitely the thing to gauge price direction, future price direction. Definitely keep an eye on global liquidity. And it’s just been spiking up. Sometimes bitcoin will lag against global liquidity for about a month or so. And we’ve talked about that, but we’re in a good month for crypto.
Optimistic Market Outlook
You know, it’s either uptober or, you know, it’s over with. So this month I’m definitely optimist about. Shit, man, this fucking connection. Hello? Yeah, that’s it for me, guys. I’m sorry. You were killing it, bro. I don’t know what happened that turned into an irate price just now, but you were killing, and I appreciate the take there. We were, yeah, I’m just trying to get it all out before I get disconnected, you know what I mean?
Technical and Market Discussion
I’m just trying to get it all out, guys. Nah, you’re good price. They’re good, man. I really appreciate that take and, you know, definitely rose up a bunch of points there as well. So appreciate you coming by. As always. Thanks for hopping in, even though you’re on the outskirts of Atlanta. I, and I was going to say also we got Matt up here, so I was going to throw it over to Matt, maybe get some talk on the bitcoin miners even.
Future Market Evaluations
I also saw that carpe nocturne put out a tweet about iron. So maybe we can talk a little bit about how the miners are doing. So Matt, I’ll throw it over to you. Yeah, I think that people are starting to realize that 52K was indeed just. A local low on bitcoin. And a lot of miners look really underpriced if we’re moving higher from here. So, yeah, you’re seeing people start to move a little farther out on the risk curve where miners live.
Implications for Miners
And I expect them to go higher. As bitcoin goes higher. Everyone wants to see bitcoin finally flip. And hold seventy k, and then maybe we’ll see some true fireworks and miners. But that’s the whole, that makes a market right buy low. I think what’s even more interesting coming up is once again, we’re two weeks away, less than two weeks away from. The bulk of the S and P. 500 and Mag seven reporting earnings.
Market Predictions
I can’t believe it’s already time again. And I mean, they’ve been crushing it all, 2024. They crushed it all, 2023. No one expects anything but large profits and EPS beats. Obviously the labor market didn’t fall apart. Obviously inflation didn’t come back. Obviously the economy held strong for another three months. Expect to see the strongest mag seven companies and the strongest in S and P 500 taking their fair share of profits there.
Conclusion and Market Performance
So, yeah. It ‘s that time again. Yeah, I’ll just jump in real quick. On the miner side, miners are just beta to BTC. That just means if BTC is up. To miners should be up four. If BTC is down two miners should be down. For most alts are similar. So it’s interesting to see alts ish doing well today, considering BTC is kind of drifting lower on the day.
Miner Price Movements
We still have sui up twelve. We’ve got, say, aft roon, all up. Big, a few others. But back to the miners, I wouldn’t, you know, just like alts, I wouldn’t. Spray and pray on the miners. I would focus on where you individually think the strength is. I personally think that’s a, that’s cores and Iren, just based on the charts.
Investment Strategies in Mining
Looking at Iren, it’s setting up for a nice triple bottom structure. So anything above nine on that would be breakout territory with a target basically to a local high retest, probably around 16 in the near term. But all of the miners, like the. Previous speaker just said, sort of rely. On BTC having a clear picture. And, and just like alts, miners don’t need BTC to be mega roofing.
Market Variations
They just need some clarity on direction here on a day over day basis. So to see like this volatility. Today, miners, a lot of these miners are down, I don’t know, like four to 11%. Wolf’s down 11%. It’s just, it’s hard to buy. And hold those when you’ve got a. Lot of alts that, but currently are. Doing much better.
Market Comparison
So I definitely encourage people to. Take a wide lens as far as. What they’re trading and not, that’s just. Focused one stock or one miner. Or one alt because there’s a lot of other optionality out there right now. Loving it, loving it. Whoa, whoa. Guys, I just got a text message from the elder bears of the great Bear council. They’re dumping this thing.
Market Communication
Who was the, who’s the leader of this pack? It’s. Did you text yourself? I can’t share that information. I can’t share that information. You know, it’s like, dude, you gotta like it takes a lot of work to even get into this. Thing, you know, but so felt maybe they got offended about what I said at the beginning of this spaces because that’s when it started dumping.
Market Sentiment
Go ahead price. yeah, I just have a question actually for the traders in here that do trade the miners a lot. Like, okay, so with miners I talk about one thing you want to look at is their reserves, you know, their debt to reserves. So have they been stacking on their reserves? Have they been selling what’s their debt look like? And of course miners is definitely affected by the overall price of crypto but then you have a lot of other factors that go into it because it’s a company.
Trading Considerations
So you have regulatory factors. And again one of the things I like to look at is the debt to reserve. So for the traders that are trading the miners, what’s your top picks in the minor section? And also Lady Trader, I have to second the Robinhood trade. I’ve been steadily doing credit spreads on Robinhood for a minute now and it does look good. But yeah, just a question on what’s your favorite miners now do you want to go first?
Exploration of Miners
Yeah, I actually did want to mention with regards to this one’s not miners. Right. This is in regards to bits of wealth comment the dumping. Keep your, we got to keep our eyes on the yield. The ten yield is above 4%. Very interesting territory. Interesting to see what’s, how that’s going to play out. We have a whole bunch of fed speakers and I believe we have CPI this week as well.
Market Indicators
We have the Fed minutes on Wednesday. Very interesting weeks for me. Very interesting week for Macro. Yeah. Let’s see how it plays out. Wonderful. Let’s going back to the Miners minor conversation. So for me miners, if I ever play minors, it’s going to be pretty much options. That’s what I’ll do is regular calls and puts.
Selected Miners for Investment
Mara of course is one of my favorite riot and then Wolf, those three are the ones that I really am interested in and then what a is doing with his like pretty much all of the bitcoin mining community, they are crushing it. They get into a lot of plays every day and it’s pretty amazing to see. I don’t know if anyone else wants to chime into minors but those are like my top three picks.
Discussion of Effective Strategies
Yeah, I like riot as well. That’s. I have my eye on that for an entry. I think that can pay off big in the long run with regards to hood. Yeah, I’m glad it’s working out for you, man. I’m bullish hood as well. Let’s see how it goes. Love it, love it. Want to see? I think kelly also unmuted for a second there, and also Dave has been quiet for a little bit maybe get some final takes here.
Transition to Future Topics
We got about eight or nine minutes here, and we’re going to transition and keep the conversation going. Talking about the future of AI and trading, the future of defi and dabs role of LLMs. It’s going to be a pretty interesting discussion here at the top of the hour. But Kelly, I saw you unmute your mic a second ago.
Summary of Market Conditions
Yeah, I mean, that was an accident. But I’m happy just to add, you know, for anybody that’s listening, looking at the price action, I am like, as I. As I outlined, I’m very bullish, you know, over looking forward. I will say on the near term, I only start to get a little bit more bearish if we break below, basically about the 52 five level.
Market Sentiment and Predictions
But then that’s only near term, because that would just mean that we’re still in the same trading range that we’ve been in for seven months. But, yeah, in terms of the miners, I mean, there’s so much going on there. And master, I cannot believe how well masters performing. I saw a chart somebody posted the other day.
Microstrategy’s Performance
Microstrategy is outperforming ibit. It’s outperforming bitcoin futures both to the upside and on days with drawdowns. It’s not drawing down as far either. So I’m not actually sure. I forget who was mentioning that earlier. I’m not actually. I think it was cryptonoctum, carpenter octom. I’m not sure why.
Market Dynamics
I don’t know if there’s something in the back end or if it’s just because it’s such a high level beta proxy for bitcoin as an alternative to an ETF. And in some ways, you could call it a levered one, because they continue to buy. But I’m starting to make some option plays on master going into the end of 2025. 2026, because it’s doing so well.
Job Market Insights
The, the industrial sector and manufacturing lost jobs, but over here in the housing. And commercial real estate sector, they gain jobs. But then there’s seasonality for teachers as. The new school year starts. Doesn’t matter. Doesn’t matter. These, you’re either net growing jobs and people are getting hired or you’re not. Losing jobs and people are getting fired. The end.
Economic Considerations
Not true. I agree with a lot of it, but not true because of one reason. We are running the largest peacetime deficit in history as a percent of GDP. And if that is necessary, and that’s what’s driving bitcoins valuation. That is literally the case that all the most investors in bitcoin believe that rampant deficit spending. I mean, remember, if you do go into a recession, what happens to the deficit? The fact that we are spending so much money is increasing. The money stock is increasing global liquidity. It is literally why bitcoin and gold and other assets are going higher. So yes, you’re right on the demand side of the equation. 100% I agree with you. If you’re having to spend taxpayer money, as opposed to a virtuous circle where the economy is growing and tax receipts are growing because they’re private jobs, those are very different. And it’s really important to understand that because if your thesis is that the fiat era that started in 71 is going to eventually blow apart in some form of crack up boom, it’s the austrian economics that’s mize is talking then, and bitcoin will ultimately go past gold to become the Internet of value.
Deficit Spending and Economic Growth
If that’s your thesis, then basically this is what you’re watching for. You’re watching for ever increasing amounts of deficit spending to create the same amount of GDP. That’s something that people watch. And so that is important. But yes, you’re right. Which sector? Breaking it down. Too much fine tuning. Yeah, there’s. In the stock market, it matters because you care about the individual company. But for bitcoin, I agree with you. I don’t think it matters at all for that. Guys, this is. We’re coming up here. On the top of that, we’re going to keep the conversation going. But big shout out to all the people up on stage here. This is a phenomenal discussion, man. Just can’t. I can’t do these spaces without you and I thoroughly have enjoyed it.
Panel Discussions and Future Topics
So big shout out to all of you up on stage, please guys, give the follow against. Give the speakers up here a follow, check out what they’re up to. And if you enjoyed the conversation, definitely repost the space lady trader Kelly, Dave, Calvin bits, Nat Price, Matt the other Matt Fanning. We also had carpe Noctomon, a couple others as well. But yeah, this has been an awesome discussion. Please give them a follow and big shout out, of course to blocks, who’s co hosting with us today up at the top and sponsoring today’s episode. They are looking to simplify your digital life with an all in one security management, protecting your data and devices from threats. They really help to manage everything from a system optimization to remote access all in one platform.
Closing Remarks and Call to Action
And because they’re a deepen rewards, they let you turn those unused rewards and computing power into extra income. For people who are trying to get some of that passive rewards, this is their place to be, man. Whether you’re looking for security efficiency or new ways to earn, they make it super easy. You’re going to want to check out their ex account. They’re up there pinned up in the nest as well as the co host. So give them a follow and yeah, man. If you’re a project you want to partner with them, be sure to jump into their DM’s. And thanks again for blocks for sponsoring this episode. But guys, stick around for another hour. We’re going to keep the conversation going, talking about the future of AI trading defi dafts, the future of LLMs with hero AI and apt AI and all the people.
AI in Trading and Financial Applications
So we’re going to do some transitioning of the speakers, but big shout out to everyone up here. I see we got Afta AI up into the stage. I think we’re waiting on a couple more, but quick little mic check. Yes, I can. Amazing. Thanks for having me. Absolutely. And if there’s anyone else from the team coming on, definitely. If you’re in this, if you’re in this space right now, please request up and I’ll bring you up here. And I think we’re waiting on a few people who are scheduled for this discussion space up here as well.
Emerging Technologies and Their Impact on Trading
And I think a couple of them might even stick around from the past space. I see Calvin and bits still up here, price up here, so definitely, guys, stick around if you can. Otherwise, I know Nat is supposed to be in this conversation, so that’s awesome to see after. I’m going to co host you right now, but we are going to talk about kind of the future of AI and trading and all these things and talk about LLMs. I think it’s a pretty fascinating conversation. I’m really interested in what people think, especially when the conversation around AI and trading comes into play. I know bits is on the charts a lot and Nat is looking at the charts and keeping up to date with all the things going on in the crypto world and the stock world.
Interactive Discussion on AI and Trading
I’m so fascinated on how AI is going to impact traders. Price is out here on the charts every single day. He’s probably on his phone right now looking at the charts while he’s on the outskirts of Atlanta. But maybe I’ll throw it over to AFTA first and then we’ll get some thoughts over from the discussion in regards to the future of AI and how it impacts trading, how you guys are thinking about it, and maybe even if you guys have some features that you wanted to allude to. Yeah, thank you. Thank you for that introduction. I think, speaking from a very technical like perspective, I think there’s two main sides to AI.
Engaging with the Community
So definitely hop in their DM’s if anything they’ve said is of interest. But yeah, definitely give them a follow. They’re pinned up at the top as well as they are both co-hosts. And give Ada a follow as well. You know, she’s also dropping a ton of alpha on the AI conversation. But Natnat, let me throw it over to you, and by the way, if you’re enjoying the conversation, I’m gonna throw in my shameless chill as I do multiple times every space. Please repost it, bottom right corner. Let the people know that we’re out here and we’re talking AI, we’re talking LLMs, we’re talking how the future is gonna look with all these things as technology continues to improve. Please repost the space, bottom right corner. We’d really appreciate it, but Natnat, I’ll throw it over to you.
Questions for the Panel
Thank you. Kate Abda, I know I’m directing all of the questions to you. I am sorry. Anyone else, feel free to answer. I just think that we have a lot of giga brain in this panel. I guess this question, whoever wants to answer, right. Recently there has been a lot of talk, actually, with regards to robotics, AI and robotics. Now, one of the key challenges that we’re seeing or that we’re hearing, right, safety and security concerns a lot, and obviously right, the public acceptance portion of this. Now, what do you guys, what’s your take on this? What do you see robotics in like five to ten years? And how can AI help diminish some of the security concerns? That or public acceptance that we’re currently facing.
Distinction Between Robotics and AI
Yeah, I’m both flattered, and I’m very happy to answer more, Nat. Yeah. So I think if I look at this as robotics and AI together gives us image of the Terminator in a lot of people’s minds. They imagine this future of AI armies or killer robots, which is very frightening to a lot of people. I don’t want to dispel this myth. I’m not saying that’s not going to happen. I’ve seen a reason why it would happen. But it’s more that I see these technologies as tools which are being brought together in many different applications. So one distinction I would make between robotics and AI, before I discuss them together and how we can deal with the security risks around them, is that robotics is very much to do with mechanics and hardware. It’s about how can you make machines do very specific tasks, from lift packaging items to having robotic arms, to even humanoid robotics from, like, Boston dynamics, which can mimic human walks and be, let’s say, virtual assistants in a humanoid form.
AI’s Role and Functionality
But AI inherently is very much on the software side. In a way, it doesn’t care about the robotics. It’s only trying to do what we call, in the space of AI, at least representation learning. It’s trying to identify the best function, which describes the mapping from some input to the output. So in natural language processing tasks, for example, this could be answering a question, this could be doing summarization, this could be doing translation. These are all just tasks. And AI is about trying to train models to be able to do these tasks very well. The recent emergence of these foundation models or these large language models has just really illustrated how the same model can perform multiple tasks within the same framework, which gives us these generalist capabilities, which gives us something like chat GPT.
Combining AI with Robotics
Now, when you combine this software with hardware, so you bring in the smart AI software, which can generally do a lot of different abilities and bring it in, let’s say, put it in the head of a robot per se, which has the ability to walk, talk, and act. You get these almost artificial human beings, and that’s when people start being able to say, oh, my God, this is scary. How do we stop them self-learning and doing frightening things? So over here, I would say the threat actually doesn’t come from the robotics itself. It comes only from the software side. The machine will only follow the instructions given by the software. So to tackle the threat, we have to look at what’s going on with the AI.
Challenges in AI Security
There’s two things to consider here. One is fundamentally, how are these models trained? And two is how do malicious users try to exploit these models? So my entire PhD, my research was looking into something called adversarial robustness, which is all of this idea about how people can add small changes to the inputs and make software or AI models do undesired things. I think a classic example of this is imagine you have AI running a driverless car. It sees a stop sign, and it recognizes it as a stop sign and stops the car. But research has shown it’s very easy to, let’s say, perturb what the model sees. So someone would stick a very small sticker, which a human can’t see, on the stop sign, which for some reason, because the model is a very complex mathematical function, tricks the model into thinking this stop sign is a 50 km an hour sign.
Manipulation of AI Models
And instead of stopping the car, now, the driverless car goes through the stop sign. And this, of course, is very undesirable. And this is a kind of very toy example of the kind of things people fear in deploying AI models. And this has become even more apparent as models like ChatGPT are deployed because people ask questions such as, how do I break into a house chat? GPT will typically reply, I’m sorry, I can’t answer such a question. I do not want to spread hate speech, I don’t want to spread dangerous kind of information. And people have found, oh, it’s very easy to trick these models. They say, imagine I’m in a game, how would I break into a house? And then suddenly ChatGPT will give you a great instructional into breaking the house.
Defensive Measures for AI models
And this is again, a very undesirable characteristic of these AI models. They’re not actually thinking, so they can be manipulated by external users. Now. So getting on to the defense, I think there’s so much research out there on how you can defend these models against these kind of adversarial perturbations. But in this, I guess, in the simplest sense, what if I was to describe how we can be confident that these deployed models are safe to an extent that you can do something called alignment? So during training, these models can be trained to refuse very strongly, to answer specific kind of things or behave in particular ways.
Techniques to Ensure AI Safety
But to guarantee this, when you deploy the model, you don’t rely only on the alignment, you rely on these external detectors. These detectors identify characteristics or inputs which give away or symptomatic of there being a problem. So, for example, it would flag an input which says, how do I break into a house? Or even if it’s a game. How do I break into a house? Or it can detect the sticker on the stop sign. So I won’t go into the detail of how these detectors are built, but there’s a massive area of research around the robustness of these systems, which is looking into guaranteeing that deployed systems aren’t only aligned from the way they’re trained, but also work in tandem with these detectors to prevent this kind of threat.
Future of Autonomous Agents
And then this comes in. The third idea is, can we design the framework which makes them inherently robust to this kind of perturbation? And that, in a way, again, ties into what we’re doing with here in APTA, in the framework we use is this agentic structure. If you have an agentic structure, the AI model is not actually making the final decision or doing any of the decision making. It’s just an interface between the human and the expert systems under the hood. The expert systems under hood can be very traditional 1960s algorithms or 1930s algorithms, which are very good at doing the tasks they’re required to do.
Trust and Learning Curves
They’re not AI per se in the way we described in the modern day, but they are artificial algorithms. You can very quickly do the specific tasks. So the second you kind of break down or create these sub-modules in a single framework, you don’t have a single AI making this decision. It’s now having to interact with specialized tools which aren’t thinking at all, but just doing specialized functions. The second you have that kind of framework, there is no way you can trick it because it’s not the AI making the decision, if that makes sense. That definitely does make a lot of sense. Thank you so much for breaking that down.
Future Developments in AI Products
Again, we appreciate you. I’m telling your giga brain, the team, the entire APTA team and the hero team, we really do appreciate you guys. Very flattering. Definitely. Yeah. So that was pretty solid breakdown there, especially when you were talking about, you know, I’ve seen so many videos online where they’re like, you know, tricked my chat, ChatGPT into admitting that God is real or something like that, those kind of, you know, those videos. And I’ve certainly gone down that rabbit hole a few, many times, probably too many times to admit, just with various random questions that I have, seeing if I can catch it in a bind kind of thing.
Updates and Upcoming Features
Ada didn’t know if you wanted to hop in and add anything to what APTA said. Yeah, thanks. Yeah. I was also thinking about the cases where I try to trick. Absolutely. To do something that at first says, oh, no, I won’t do it. I am not instructed to do that. So we all know what we are talking about here. I think when it comes to the product, what’s important for us that at the current stage we have private beta products out there, just a few people, very few people have access to. We’re still training our model, bringing new features to that, and then our product is going to go live or public by the end of the year.
Engagement and Insights
So yeah, definitely do sign up on our website, leave your email so that you can be one of the first people who get crypto alpha. And this first version of the product will offer deep insights, will offer access to data and where we’re going with this. And in about twelve months after the release of the product, we got to have a possibility to actually ask the AI tool to do traits for you, like through chat, to trade interactions. So with a natural language you can then, you know, ask hero to whatever, you know, buy bitcoin at a certain price and then sell it when it throws by 20% or something like that, like depending on the strategies that people have.
Trust in AI Tools
And when we talk about security, you know, we also talk about trust. So here, although technologically and like, we know very well what other players in the space are doing and everyone is having very similar ideas around this, that while technologically, some of that would already be possible right now, but are we actually ready to trust a tool like that to do important financial decisions for us to implement them, first of all, and then secondly, okay, what happens if the tool missed the date, missed the instruction, didn’t actually act on the prompt as it was supposed to be. And that’s why it’s very important for us to first of all have the product out there, to have a big number of users utilizing and trusting it, and only after building that trust that we think we can do, working together with APTA where our users can see, okay, actually I do get the right results.
Conclusion and Closing Remarks
Actually, the models do not hallucinate. Actually, I can trust that this is reliable source of information. Only then I will be able to trust the product to actually do more for me. So I think it’s important to also have this perspective mentioned here. Yeah, definitely. Great take there. Really appreciate the extra points there as well. One question I had kind of revolves around. We got about 15 minutes left. I feel like we can probably still flesh it out. So I know that some people in the audience may already know about autonomous agents, AI agents, things like this. I bet the majority people, including myself, have heard of it. They sort of know a thing or two about it, but they don’t really know much about it in regards to what they are, how they maybe fit in with LLMs and any other automated systems here, but kind of curious if you want to open it up, just as a broad topic, what impact it will have, the future, how it’ll be used, and maybe it’s best if we have you sort of define what these autonomous agents are in regards to how you guys are using them, how you guys think about them, the conversations y’all are having, you know, behind closed doors.
