Trading Pub – 20 Jun 24

00:11: Current market volatility and reassurance that fundamentals have not changed. Analysis of key indicators such as hash rates and stablecoin usage showing they remain healthy.
05:25: Trading opportunities that were missed in hindsight but focus remains on long term thesis. Discussion of checklist for re-evaluating thesis and risks of going through it without critical thinking.
15:42: No need to panic, fundamentals remain unchanged.
34:40: Difficulty of understanding global macroeconomics due to its many variables and interactions, and how even experts don’t fully grasp it.
37:04: Kaspa and Tao remain strong through market dips due to their technologies, while others may disconnect from traditional markets slower initially due to institutional involvement.
46:50: Outlines the pattern of governments implementing strong stimulus measures in response to market pain, risking hyperinflation and causing rapid market recoveries through asset pumping.
47:10: Concerns around UK stablecoin bans like USDT and plans to minimize fiat withdrawals while maintaining crypto exposure through coins like Kaspa or riding out volatility.
53:58: Plans to limit fiat withdrawals while maintaining crypto exposure through selected coins, and expectation that onramp access won’t be a major issue.
01:01:34: $22,000 TAO price prediction based on 2% of total crypto market cap and calculations using different potential total market caps
01:14:52: The bullishness of TAO and explaining that even with a much lower total market cap, TAO could still 10-40x from current prices based on 2% of market cap
01:32:34: TAO stats upgrades and new features like wallet tracking alerts. Third parties can also build apps using Bit tensor’s API.
01:36:28: Being stuck on starting a business
01:54:58: Target businesses that don’t want to sell and look for ways to ‘wangle in’ either with money, systems, or other value adds.
02:05:23: Revenue, costs of goods sold, operating expenses, EBITDA, and other key metrics to track on a monthly basis.
02:12:40: Acknowledging the challenges and suggesting setting up an online arm of the business or separate business to take over workload and allow exiting eventually.
02:13:31: Learning automation tools and offer process automation services to other businesses as a business model.
02:15:00: Rule of thumb valuations and common earnings multiples.
02:15:33: Typical earnings multiples used to value businesses and factors considered like residual income, key personnel, systems.