3 Ways to make Money in this Market
Crypto Gorilla
3 months ago
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Executive Summary
Here's a summary of the video:
The crypto market is feeling pretty rough right now, with lots of fear and uncertainty, but there are still potential opportunities if you look long-term. The video dives into the possible reasons for the downturn, some positive news for Bitcoin, and where to potentially focus your time and effort, like gaming, specific airdrop opportunities, and certain NFT mints.
Here are the key takeaways and points:
- The current market sentiment is really down, and people are feeling depressed about the price action. While Bitcoin had a bounce, altcoins are still hurting.
- There's a theory going around, which I think makes sense, that President Trump is intentionally trying to crash the stock market (and thus crypto) to force the Fed to cut interest rates before the U.S. has to refinance a huge chunk of its national debt at a high rate. It's short-term pain for potential long-term gain for the American economy.
- This potential pain period could last several months, maybe even up to six, as the goal is a significant rate cut, not just a small one. While some are calling for Bitcoin to drop to $50k, I don't think it will go that low, especially since it's holding above $80k better than expected.
- Despite the negative short-term outlook, there are significant positive catalysts for Bitcoin.
- There was a recent White House Crypto Summit, which, although boring itself, signals that crypto companies are now more welcome to operate and grow in the U.S.
- Over 20 states are exploring or trying to establish their own strategic Bitcoin reserves, showing broader government adoption interest, even if the initial proposed purchase amounts are small. Texas is leading the charge.
- Senator Loomis is reintroducing the Bitcoin Act bill, which proposes purchasing 1 million Bitcoin over five years for the U.S. reserve, which would be massively bullish if passed.
- I've mainly stayed in major coins like ETH, Bitcoin, and Solana and have stabled up some altcoins, waiting for a clearer market direction before reinvesting. I don't mind missing the absolute bottom if it means more certainty.
- A big challenge right now is there's no clear "meta" or obvious place where money is flowing. This leaves a lot of people feeling lost, unlike previous periods dominated by memecoins on PumpFun, NFTs, or AI agent projects.
- It feels like there's no clear place to put your attention right now, and I worry people will turn to highly leveraged trading and get liquidated.
- One area I'm focusing on is gaming, not just buying game tokens, but actually playing. Partially it's a break, but also because some games might have good airdrops or valuable in-game items.
- "Off the Grid" is the main game I'm playing. While its initial hype died down, the recent updates are good, and I'm enjoying the solo mode.
- I think "Off the Grid" has a real chance to be a successful AAA Web3 game with a working in-game economy. I'm seeing people spend hypothetical "gun tokens" for cosmetics on the testnet, proving the concept. I'm collecting assets in-game hoping for a strong airdrop and valuable items.
- Airdrop farming is another focus. While some recent airdrops like Kaido were successful, the overall meta has slowed.
- I'm trying to get OpenSea XP for a potential airdrop. They've paused XP for basic actions, so now it's mostly through "shipments." I've gotten a few shipments for past activity.
- An upcoming OpenSea shipment will be for buying Ape Chain NFTs. It's not guaranteed XP, as shown by previous shipments only going to a subset of eligible users, but if you have some Ape and can trade legitimate Ape Chain NFTs, it's worth trying.
- I'm also actively trying to get Abstract XP. Initially, I wasn't focused on it, but now that I'm streaming, it's a two-for-one: farming XP and building an audience on a platform with less competition right now. I'm streaming on Abstract and encourage people to join.
- Monad testnet is another potential airdrop I'm looking into. While not confirmed, it's free (just costs time) and many people have the time right now, so it seems worth exploring. I'll be doing a tutorial on it.
- NFTs still have potential, particularly through whitelists for upcoming mints.
- "Steady Teddies" is a notable upcoming mint everyone is watching; their whitelist checker recently dropped.
- I'm interested in upcoming on-chain games after the success of "OnChain Heroes (OCH)," which has held its floor price well despite the market downturn, showing promise for this niche.
- Upcoming game mints I'm watching include "Dungeons of Fortune," "DeFi Dungeons," and "Monsters.Fun" (which is a token whitelist, not an NFT).
- I'm also looking for free mints, especially those with low supply and good backers. "Kindred AI" is one I'm interested in – it's a free AI agent play with its own token and cool IP partnerships like Teletubbies.
- The "Taproot Wizards" mint details were recently released after a long wait. Udi is an OG, so there's hype, but I'm pretty upset about the mint details.
- The mint prices are extremely high: 0.2 Bitcoin ($16k+) for quest completers, 0.1 Bitcoin ($8k+) for holders of two Quantum Cats (costing ~0.38 BTC total, ~$32k+), and a public auction phase.
- They are trying to raise a massive 420 Bitcoin, which is roughly $34 million at current prices.
- I strongly disagree with raising this much money in the current market, especially from an ecosystem like Ordinals that is already down bad. I don't see what justifies draining $34 million.
- I feel like the community isn't being critical enough and attacks anyone who questions it, similar to how people reacted when I asked about the $75 million raised by Ordinal Maxi Biz (OMB), which is now significantly down.
- It feels like the Ordinals community has a cult following and is happy to just give money to OGs without understanding what's being built or justifying such high raises.
- I've tried to understand what Taproot Wizards is building but haven't been able to speak with the team, so maybe I'm missing something, but currently, it just looks like a huge money grab with no clear justification for the amount. It reminds me of OMB, where they went silent after raising a lot of money.
- While Taproot Wizards might still be flippable for profit, I fundamentally disagree with the scale of the raise in the current market conditions.
Transcript
Transcript
President Trump purposely crashing crypto. Is this game prepping the biggest airdrop we've ever seen and an NFT collection planning to raise $35 million? Ladies and gentlemen, welcome back to another Crypto Gorilla video. As usual, I'm not a financial advisor. Nothing in this video is financial advice. Hit that subscribe button and let's jump right in to today's video. Starting off with the elephant in the room, the market sentiment is down so bad. People are depressed across the timeline and really I'm split between two camps. It's very hard not to look at the short-term price action and feel fear, especially when it seems more than likely that we're in for more pain before things do get better. Despite having a nice bounce here with Bitcoin sitting almost at $83,000 after going as low as roughly 76K. However, altcoins are still down pretty bad on the weekly with ETH still sitting under $2,000. But on the other side, I'm trying to have a longer-term outlook because this is the most bullish crypto administration we've ever seen and they're actually putting their money where their mouth is. So let's first take a look at the negative that's going on in the market. The common theory that I'm seeing going around is this one where Trump is purposely crashing the stock market and as a result, the crypto market because America has $7 trillion of their like $36 trillion of debt that they have to refinance in the next six months and they don't want to do that with the current rate which I think is like 4.5% which would be horrible for the American taxpayers because they're the ones who have to float this bill. So Trump is trying to get a lower rate but the Fed doesn't want to cut rates. So how's he doing this? He's trying to force their hand by crashing the stock market. Now I understand this is pissing off a lot of people, a lot of investors, a lot of crypto holders but this is what he needs to do in the short term if you want to fix things in the long term. So we need to put aside our own desires here, not be selfish and just allow America to heal. And I'm saying this as a Canadian that has zero benefit from America fixing itself and everything to gain from crypto pumping. So when you look at it from this lens, it makes a lot of sense why he's scaring the market, why he's being so harsh, why he's doing all this tariff stuff with neighbors and really pissing off everybody across the board. But it's the plan that he told us he was gonna do. He said there is going to be short-term pain in order to get long-term gain. And the other question people have is how long is this pain gonna last? Unfortunately, I think it can last something like six months. My hope is that it lasts as little as two months, that maybe we get two back-to-back months of negative GDP and then it forces the Fed's hand to start cutting rates because on paper, you're going to be in a recession. However, I do think it can last maybe six months because he's not just looking for like a 25 basis point cut here. He's looking for a significant cut in rates before he has to refinance this debt. So I do think things can get pretty bloody. I'm seeing people call for as low as 50K Bitcoin. I don't think we go that low, especially that we've held up really well right now above $80,000. I thought we would be this week close to 70K, but we're holding up really well. And this could be because of all the positive things that are happening for crypto right now. Just last week, we had the first ever White House Crypto Summit, which the summit itself was boring. It was just a bunch of people around a table thanking Donald Trump. But the message it sends that crypto companies are now free to operate and grow in America, I think was great. We also now have over 20 states that are trying to get their own strategic Bitcoin reserve with Texas really leading the charge here, being the first to make it past the Senate. And they also just introduced a new bill. I think this is to buy an additional 250 mil because in the original one, I think they wanted 500 mil, which I get it. Both of those numbers are very small for a state to be buying in here, both Bitcoin and other crypto. I hope it's just Bitcoin. You do not need any other crypto. However, again, it's the message that it sends, not the amount that they're buying. So it's really cool to see that there's 19 that are pending, two that are currently considering. And unfortunately, there's five that have rejected. But maybe when all the other states eventually adopt this, these states will revisit the proposal. But I believe the main reason that we're seeing positive price action today is because Senator Loomis is reintroducing the Bitcoin Act bill, which is the bill to purchase 1 million Bitcoin, not dollars, 1 million Bitcoin over a five-year period, which would be huge for the price of Bitcoin because it would set a fire under everyone. So I've been quite lucky here because I'm mainly allocated only to majors. And on the way down, I did see us going lower. So I stabled up a decent amount of my altcoins. However, I have not put my money back into the market. I'm still waiting for a clear direction. I don't mind if I don't miss the bottom. I don't mind if I miss a 20% pump in altcoins. I really want to see the direction that the macro is going to go before re-putting money into this market. But I'm still holding all of my long-term bags, mainly ETH, Bitcoin, and Solana. However, I understand a lot of you are probably mostly allocated in memes or altcoins. So I think a lot of people right now are feeling a lot of anger, but they're also feeling lost because there is no clear direction of where the money is. The biggest question I'm getting, like where's the money now? Because I can think of plenty of times in this market where there's been a clear meta where you were able to make money. Of course, the main meta over the cycle has been meme coins, mainly through PumpFun, which you can see now, there has been a significant reduction across the board in how much fees they're earning, how many tokens are launching, especially how many tokens are graduating. And while I don't think that the trenches are dead, I think this is natural that we see waves in the market. A lot of people are lost. They just don't know where to put their time. And I'm scared that a lot of these people are going to become leveraged traders and they're going to get absolutely wrecked. We are seeing plenty of people get wrecked with leverage hundreds of millions, even over a billion dollars of liquidations in single hour periods. We, of course, had the NFT cycle, which you can see is also significantly slowing down, not only in volume, but prices across the board are down. And you double bleed in NFTs here because the price of your NFT valued in ETH is going down, but also the value of that ETH is going down. So it's a double-edged sword. And a lot of the recent NFT hype, things like Pudgies, things like Azuki was led by token airdrop speculation. And even that meta has really dried out. You could see Doodles being the main one that people are waiting for under three ETH at the moment. Now we also had the AI agent run, which was cross-chain, but it was mainly led by virtuals protocol on base. We had people farming for airdrops. The most recent one was everybody trying to get yaps and get that Kaido airdrop, which did do really well if you managed to qualify. But as you could see, there were clear metas that everybody was chasing. But right now it feels like there's no clear meta or clear place to put your attention. And I do wish I had the answer for you, even for myself. Like I've been a little bit lost lately, not knowing where to put my time, but this is where I'm currently putting my time. So there's a few different areas. The first one that I'm looking at is gaming. And I'm not talking about buying altcoins on the secondary market. I mean, literally gaming, partially because I'm bored and I need like a break from the grind. Also, I really love playing games and I do want to become a streamer. However, I also believe that some of these games are going to have very good airdrops and potentially succeed to have valuable items. The main game that I'm currently playing is off the grid. I know there was a lot of hype with their original marketing campaign where they had all the streamers like Ninja and Tim the Tap Man and that really blew up, but then it kind of died down and a lot of people, myself included, felt that they dropped the ball not launching their token. However, I recently jumped back into it because of the solo mode and I'm really enjoying this game. Like the updates that they've done are really good. They're adding weapons to the game. They're adding different cosmetics and the gameplay has gotten better. They definitely need a ranked mode because I'm just getting destroyed by sweats. So ideally I can be in a different lobby than those people and just jump in to have fun. But I think the main thing that people are not realizing about this game is the in-game economy. People are actually collecting. They are actually spending a premium in guns tokens to get certain skins and cosmetics, which was our theory all along about Web3 Gaming. And while I know the gun token is still on the test net, so technically they're not spending any real money, I do think this is the number one game that stands a chance to be that AAA game that has a working Web3 economy in it. So I'm jumping back in. I am actively trying to collect as many assets as I can and figure out which ones are gonna be the ones that people wanna collect. And we're seeing like gun skins or different masks and stuff trade for 50, 60, even 100,000 guns. So hopefully some of these items that I'm collecting have really high prices, but I'm also hoping to get a strong airdrop, which is the other place that I'm putting attention, airdrops. Now I know recently we have some really successful airdrops. If you managed to qualify like Kaido, I was lucky enough to qualify for that and I got a decent airdrop from there. But there's a few others that I am currently trying to farm. The first one is going to be OpenSea. Now I know they recently paused the whole bidding and listing XP. So XP has significantly slowed down and the only way you can currently do it is with shipments. But I am trying to actively get as many shipments as I can. There's already been six. I've only gotten three and you can see right here, they were for beta feedback, loyalty and usage, token swap, which is something I did in my Hyperliquid tutorial. So I'm happy because of that. I did manage to qualify for the shipment, but there's two more coming up. We usually don't know what they're going to be. Thankfully for one of these, they do let us know that it's going to be by buying Ape Chain NFTs. So if you're interested in getting XP on OpenSea, you can go and do this and trade some Ape Chain NFTs. It's not guaranteed that you are going to get a shipment. Like they say here, shipments aren't guaranteed. If you look at the numbers, less than 5,000 people got the shipment for a token swap. There's for sure been over 5,000 wallets that have done swaps on OpenSea. So it's not 100% certain that you're going to get this by trading NFTs on Ape Chain. However, if you have a little bit of Ape and you find a low collection floor that is a legitimate collection that you can go trade, I see no harm in doing like a buy and a sell, maybe a couple of them just to qualify for that shipment. Now the next one that I have been actively trying to get XP is going to be abstract. At first I was fading this one. Like I put a little bit of effort in getting some of the badges, like the basic badges. And I did hold some assets like OnChain Heroes and Gigaverse, which did manage to get me a little bit of XP. But now that I've started streaming, I've realized like, hey, I can both get XP. And like I said, I want to become a streamer. This is like a two for one here where hopefully I qualify for a really great airdrop and I'm becoming a streamer. I'm growing an audience on a platform that hasn't blown up yet. So there isn't that much competition when it comes to being a streamer and I can hopefully really stand out here. So if you want to watch me stream, if you want to support me or just ask me questions live because I'm going to be reading the chat and answering questions, I'll link it down below. Be sure to jump on my stream and come check me out. And then the third place that I'm going to be doing a tutorial for is going to be Monad. I'm seeing a lot of people talk about the testnet. I'm not certain that there's going to be an airdrop for Monad, but I think it's worth doing it, especially that's on the testnet and it's free to do. It just takes some time, but a lot of people have time right now because like I said, there is no clear direction of where to put your time and money in this market. Now, the last thing that I'm looking at is of course NFTs. I think there's still gas in the tank for whitelists. The main one that everybody's looking at in the near future is Steady Teddies. Just a couple of days ago, they released their whitelist checker. I'm also looking forward to some on-chain games, especially with the success of OCH, which the floor is holding up really well for this project despite the crash in the market. And that's considering that it's been a couple of weeks that this game is out now and normally games die after a couple of days. So huge success for on-chain heroes. A few of the upcoming games that I'm looking forward to their mints are things like Dungeons of Fortune. We have DeFi Dungeons. We have Monsters.Fun, which isn't an NFT, but it's still a whitelist in order to purchase a token. I'm also actively looking for free mints, especially with a low supply and good backers. One of the ones that I have been interested in is Kindred AI. This is an AI agent play. They're going to have their own token. It's a free mint. And they've also been announcing some really strong IP partnerships. You can see here, they just announced Teletubbies. So these are really the type of plays that I'm looking at. Now, we also just got the mint details for Taproot Wizards. It's been a very long time that people are waiting for this project. Udi is an OG in the space. So a lot of people are excited about this, but I'm also seeing a lot of people upset about this. I'm more on the upset side where I have been criticizing their mint details because they are trying to raise a ton of money. So here we have their mint price. It's going to be three different prices. If you completed the quests, they had like a questing system where you had to take a shower and stuff and film it. The mint price for you is 0.2 Bitcoin. At current prices, that is $16,000 to mint this project, which in the height of the bull, no problem. I think that would have been easy. Nobody would have cared. But now that Ordinals and Ruins are down so extremely bad, it's really weird to have a mint price this expensive. If you're holding two quantum cats, so one dead and one alive, which the current floor is 0.14 Bitcoin each, that is going to get you a mint price of 0.1. So the cost to do that is going to be 0.38, which is roughly $32,000. And then finally, they're going to have a phase where anybody can bid. I know there's also, if you hold right here, if you hold the golden capes, you get it for free. But let's just assume that the mint price or the average mint price is going to be 0.2 Bitcoin because we don't know how many are going to be in the auction. I also don't know how many hold a pair of dead and alive. So let's just assume that the mint price is 0.2. They are raising 420 Bitcoin. That is roughly $34 million. Why? And I understand there is a cult following for this project, similar to a lot of Ordinals collections. I understand Udi is an OG in the space and Taproot Wizards are like OG. So I'm probably going to get a lot of hate for saying this, but I do feel it needs to be said. What justifies draining $34 million out of an already down bad ecosystem? And I'm not saying it's not going to mint out. I'm not saying it's not going to be profitable. But what justifies this? Why is it when a celebrity uses their status to launch like a meme coin and they drain money out of the market, like 2 million, everybody's crying, calling for the SEC, saying crime season, this is what's wrong with the space. But then when, you know, somebody that has a reputation uses it to come and raise 30 something million dollars, everybody's just handing their money out. And if you criticize it, people attack you for it. Like when I, just in comments, I was saying like, why are they raising 34 mil? And people were getting mad at me for saying that. It reminds me a lot of Ordinal Maxi Biz, which same thing, I went in the Discord and I was asking, hey, where did the previous like $75 million that you guys raised go? And the community was just attacking me and they would rather talk about what, does ZK like pineapple on pizza? But the joke's on them because this is down bad. Yes, the black eyes are still above mint price, but everything else is down horrendously. And you needed to hold one of these in order to get whitelist for the black eyes. So overall, you are down bad on your purchase. And I don't understand why. It's like the Ordinal's community. They just drink the Kool-Aid or they just believe it. It's like this cult following and they're just happy to donate their money to a single person who's going to do, I don't know what. Like I've asked, what is, what are they building? What is Taproot Wizards building? If you know, please let me know. Educate me. Okay, because I'll admit I've never had a call with Udi. I've looked into the project, but I've never been able, not that I haven't tried, but I've never been able to speak to the team. So maybe it's me the problem. Maybe I don't understand enough about this. I understand it's a culture play, but why, why 35 mil? Like you can't do a culture play for seven mil. Ordinals are just down. So whatever, you guys want to give them your money. Go ahead and give it again. It might be flippable. Maybe you'll be able to make some profits, but I really disagree with this, at least from my understanding. Again, maybe I'm totally wrong and they're building the future of ordinals or something. I don't know. But right now, it just seems like you're going to be handing them money and then they're going to go silent for a long time, just like OMB did. And with that being said, that's the end of this video. I hope you enjoyed it. If you did, be sure to give it a big thumbs up. If you haven't already done so, would you kindly hit that subscribe button, smash that bell notification. Thank you for watching another Crypto Guerrilla video. Peace. Outro Music Outro Music