Zeneca's investing principles and market outlook

Transcript

GM good morning welcome to the milk Road show The Daily crypto show that's as rare as finding someone who actually uses the crosswalk I'm your host Jay Hamilton it's Thursday March the 6 and today we are once again joined by zenica back from his wedding and his mini honeymoon we're going to talk about Trump is keeping crypto alive right now how much longer could he do this for what happens next a publicly traded Corporation on the NASDAQ just approved eth as its primary treasury asset Yes you heard that right we're going to tell you guys about that news avac is getting a lot of attention right now what's going on over there is an avac season coming we're going to jump into the

trenches a little bit with zenica and then we're going to wrap up with zenica put out a great report recently on how to make money in crypto his top six tips on how to make money we're going to talk about a few of those now before we jump into the show we started a telegram group where you can talk to me and my team every day check out the link in the show notes join the telegram group we love to talk to you guys one-onone today's episode is brought to you by definitive Advanced trading on every chain today's episode is also brought to you by coin shift powering top crypto treasuries with their yield bearing stable coin CS usdl zenica welcome to the mil Road show thank you good to be back uh it's been a little while but uh yeah always great to be here you're you're glowing in the

post wedding love glow my man yeah I'm still um it was an awesome wedding and day and still getting used to wearing this ring and saying wife but uh yeah life is good life is good there you go well I mean I feel like life is especially good because I I I should play a clip uh from the past uh episodes you were on the show about three weeks ago before you took off for your wedding and you told you said that you two things you said one you said you were selling out of some positions and I just remember the past few weeks thinking damn's in a good time that well and then also you at the end of the show like casually we're like yeah you know what token I really like right now is Banker Banker since you said that is up I think

250% or maybe even 300% something ridiculous like that it was at like 8 million market cap now it's at like 30 million market cap so zenica you just you're just casually throwing out the best the best tips in the space it's amazing I don't know how you do it it was um I mean it's not excuse me it's nice to be uh right when when you are you get some wrong you get some right that was uh held in my portfolio over the last weeks that's for sure that's good to hear okay let's let's start Mark Market talk uh what's your take on the current market right now are we have we talked have we bottomed macro no I I think this cycle has a lot of air and legs left in it I don't know when things will turn around but like this when

quantitative easing begins I think we be we see another leg up uh there so much of the market right now is just uncertainty and markets don't like uncertainty obviously because of trump and he Mak anoun about tariffs and there strategic reserve and this that and the other and so I think if slash when we get some more certainty when we start to see some of these things actually play out you know what is the final state of these tariffs um when when is this strategic Reserve going to happen what form is it going to take what is the whole macro landscape going to look like then we will start to see um I think the next leg up but we might be in for a few more weeks perhaps a couple months of chop and uncertainty it just it's it's just out of anyone's hands right now

do you think that do you think that we could go down further like do you think there could be more yes definitely I I wouldn't be shocked to see us hit say 76k or something um I i' would be pretty shocked to see us drop below 70 um anything is possible but I think that's like a sub five% chance five sub five 10% chance but yeah we could range between say 75 and and 85 or 75 and 90 for a month but I think we will eventually get out of this range and go up and I think a lot will depend on the FED lowering rates and and getting cor dat easy yeah yeah it's it seems to be uh a general consensus on the show right now is that

the the short-term uncertainty especially with Trump being Trump it's uh it's impossible to predict what will what what he will do and what will happen next any any thoughts on the I I've got to ask about the the Strategic Reserve just because it's like the topic that we keep bringing up this week any thoughts on on that and what assets might be in that obviously Trump talked about the five assets that might be in it the five tokens that might be in it lots of people saying that's ridiculous it should just be Bitcoin what are your thoughts yeah I mean I'm I'm basically eth Maxi and even I think it should just be Bitcoin like I I think you you just you every additional coin you add just

uh it hurts the Integrity of the Strategic Reserve I think it should be Bitcoin maybe in the future you know build something else to invest in these other assets they're talking about a sovereign wealth fund that would be a great thing to invest in these things but if it's a strategic Reserve um just start with Bitcoin and then go from there which I think that he made an announcement yesterday or someone said that you know the the other coins will be treated differently to bitcoin I don't know what that means Howard lutnick said that yeah they theer secretary so probably he got some backlash for the comments about EOL adaah and and ripple but yeah we'll see I I think and hope that they make I mean I think the Strategic Reserve is brilliant and a great idea and good for

America and obviously the people in crypto not just for um America's balance sheet and having some exposure to it but for the just the way it legitimizes crypto and gives cover to you know individual states other nation states and countries also wanting to to buy it's like yeah now it's not this pure scammy you know thought of thing that a lot of people had in their minds some people still think that but I think it it helps legitimize it so yeah I think it's it's very bullish still if you're only trading on centralized exchanges then you're not going to make it the best Traders know the elpha is on chain definitive founded by coinbase alums let you trade any token on salana base or any chain all in one platform

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kind of when he won and we priced it in when we got up to 109k and then it and then we watched that all out obviously and so now we're pricing it in again I guess uh but the thing that is just so obvious to me is and and this comes from the episode on Monday with Jake trinsky and if you haven't listened to episode highly recommend you guys do because Jake is lives in Washington sits on a bunch of policy boards as well as is the chief legal officer for variant which is a leading crypto fund and he points out the actual government steps of what would need to happen in order for the government to buy Bitcoin so like now Trump could say stockpile right he could

say hey I'm putting an executive order nobody none of the agencies are allowed to sell Bitcoin or other digital assets which I think they have like uh like about 200,000 Bitcoin right and and they even have other assets as well I think I think they have about like seven other tokens as well so he could say that that he could do through executive over he could not allow anybody to sell which is probably I could see him doing that on Friday at the crypto Summit um or the other thing that Jake and you get to go back to listen in the episode but Jake talked about how under the treasury which is now under Scott bessent there is a exchange stabilization fund which has about $200 billion do in it which could be used to buy Bitcoin or other

assets probably now Jake thought in a it would be a quicker way where you wouldn't have to go through Congress but if you're talking about Sovereign wealth funds or you're talking about like cythia Lumis plan to buy a million Bitcoin that has to go through Congress and once you're talking about going through Congress you're talking years not months now so it's a it's a much different thing um I wonder how many more times Trump can use this news to impact markets probably at least five 10 oh God but it'll have less effect every time it's like China Banning crypto it's like yeah the first time everyone panics the 45th time it's like it's not even new it's just yeah I mean yeah it's just it's just politicians being politicians

right yeah um okay I'm gonna bring up uh some news that you pointed out to me right before we recording here today and I just want to talk about this quickly it's it's it's news but as we dove into it maybe not the biggest news that we thought it was but still news nonetheless uh and um this is that a a publicly traded company on the NASDAQ just approved eth as its primary treasury asset we've got the this is the uh the the Michael sailor of eth here this is happening the Michael the Michael sailor of eth if if Michael saor was an ant um it is big news because you know it's just big news but uh when you dig into the company it has a market cap of like six million or something so it's

it's not going to make an impact or a dent but it's um I don't know it's just a cool thing to see um you know a publicly traded company actually come out and say eth is our Treasury asset um primary treasury asset so yeah hopefully we see more we see more have you heard the speculation that uh Joe Luben who founder of one of the founders of ethereum uh who's now uh the uh also the founder of consensus and CEO of consensus there's some speculation that he might put eth on consensus balance sheet and make it part of their treasury asset and that he could become the Michael sailor for eth I haven't heard that rumor but that

would be awesome like I mean there's the the the um the field is wide open for someone to become the Michael sailor of eth and do what Michael sailor is doing with eth yeah I'd love to see it again as in near eth Maxi eth let's just talk about eth quick yeah Still Still Still long still feeling good still long still um yeah may not feeling good is the best uh honestly I feel great uh I I still feel really good about it and when I it's you know you have a lot of confidence in an asset when when the price goes down you don't panic you're like oh I can get more at a cheaper price now and so that's kind of how I've been feeling for the last few weeks um both in terms of stables into eth but also you know if

you have other coins that occasionally pump against the the eth pair then I sell on into eth so I mentioned you know a month ago I was selling out of a lot of positions um some of that was going into Stables but a bunch of that was just going into you know getting more eth and so yeah it hasn't performed that well but I'm not particularly concerned or worried because I think that eventually it will outperform and hit you know a new alltime high 5K 6K 7K eventually 10K whether that's this cycle or not so um yeah I'm comfy and eath yeah I agree I agree do you hold much Bitcoin no I wish I did but I have I have like a small uh sub 10% of my portfolio in Bitcoin yeah I I will get

more eventually and and is that because you you're you see other other opportunities to get bigger games so I've always felt that I could basically outperform Bitcoin by trading other coins and tokens and things I don't know that that has even played out like if if I had just taken my entire portfolio and put it all into Bitcoin and Bitcoin was like 18K I would have had I would have more money now but I was never going to time the bottom of Bitcoin anyway like if I did that I would have been buying Bitcoin at 30k 40K 50k as well and so I think as a whole I've done I've definitely done better than just holding Bitcoin But as

time goes on as there's a bazillion different tokens out there as my portfolio grows inside I I'm getting more and more inclined to just basically put a higher and higher percentage in Bitcoin for the long term um I don't I'm maybe it's hubus I'm just waiting for like the next Market pump and dump so like you know I'll sell some a bunch of coins into stables and then when Bitcoin crashes then I'll buy a bunch more Bitcoin or at least start dollar cost averaging in as it starts to crash and go down we'll see if that actually eventuates so if I get wrecked yeah I I I'm I'm the I'm the exact same and it's uh it's interesting because when we come to your uh your your tips at the end when we talk about

how to make money in crypto uh I think some of that would say just whole Bitcoin but we we'll get to that at the end uh let's let's talk about what what else is on your your watch list right now you you mentioning avac to me which uh yeah it shows my lack of degenerate I I didn't even know that stuff was happening over on avax right now what's going on on avac yeah so when I got back 10 days ago I was um you know just starting to get back into the swing of things back on Twitter and just seemed like more and more people were talking about ax ax season a ax heating up um there's like some big mem coin pre-sale that happened while I hour away wink I think and it ran to like over 100 million market cap um and it was coming

at a time when the salana trenches are just dead and dying like pump fun is having fewer and fewer tokens graduate um none of them are making high market caps people are exhausted over there and I think you know there was still a lot of energy and people that wanted to like be a djen and just find somewhere to trade and and I guess find the new casino and it seems like avax is popping up as that um the avac foundation has been giving out a lot of Grants and just like hiring ambassadors for the change like they're really pushing the marketing angle but because of that more and more like legitimate projects are also choosing to Now launch on aaac and you know if you if you have a project that is looking to launch the only thing you care about basically is users it's

like where am I going to go to get good a good amount of users and and support it seems like aex aex is becoming that place uh there's another mcoin launch over the last few days there's some non- mcoin launches coming up soon that are getting attention so yeah it's just uh I don't know it's been coming more and more on my radar I I've dabbled a little bit not not a ton but I'm definitely if if I were inclined to spend 15 hours a day and just like be in the trenches and be trading and flipping I would be all in on aex right now basically but I'm I'm just not wanting to do that personally at the moment so so it's not that you're buying avax token you're um you you would go into the trenches on avac and start yes think aax is probably

a good buy um but looked it's I think it's like 20 $21 and a hit and high of like 50 to 60 a few months back so if if the market recovers it should do well but I'm I mean I think there are better major coins like it can do what a 3X 4X maybe a 5x from here if things go really really really well I think a lot of a lot of Majors might be able to do that like eth can do a 3X from here um but yeah I I don't think it's a bad idea to buy ax especially with all the attention it's getting and I do suspect it will go up to like say $30 from here $40 maybe but I generally don't like making price predictions so anything can happen and I I think it's more about the trenches at

this point and the the thing is is with the trenches you generally want to be aggressive so you want to be going in and out of positions and and not holding anything too long because the tide can shift pretty quickly and so you don't want to be back holding AAC for six months um just waiting you yeah just it feels like in these in these times of uncertainty and chop you kind of have two choices basically either like DCA and touch grass and like don't even just just eject yourself from the dayto day or and just be and just stay long or get in the trenches and try to find the edge

in wherever the next meta is because there always will be there's always going to be a lot of gambling and a lot of Always Somewhere to make money but the challenge is as you said it's it switches so fast it moves so I mean look look at AI agents right like that was that was all the talk we thought it was going to be the thing that would be all this year I still think it it is come back I'm still bullish on it too but it's not getting any of the attention right now that's for sure right so it's it's tough because I mean maybe we'll we'll come loop back to this when we get to your uh your tips on how to make money in crypto but it is a difficult thing to to to do is to know which type of investor and which type of

Trader you should be in conditions like this because this is when this is often when mistakes are either made on the way down when you're in fear or they're made actually the biggest mistakes are often made on the way up when you're in Euphoria and you think that you're God's gift to Earth and the smartest human ever and you're G To Be A Millionaire and then you round trip and lose it all yeah okay what about I gotta bring up I gotta bring up Banker I gotta bring a banker here uh so you said last time you were on the show you said can I find this chart you said that uh you really liked Banker because it was we were talking about defi d f AI so um and you were like yeah I really like banker and I had never even heard of it I pulled up

the chart and it was at when when did you say this it was at $8 that or not 8 it was at8 Million Market cap8 million market cap it was like around yeah yeah it was like right here it was like beginning of February right here February 5th I think that makes sense that was like a month ago and today it is at what's it at today it's at 25 million three it's done well incredible um no it's one of those products that is actually like they have a working product it's cool and it has a um kind a viral like marketing Loop because the way it works is if you're on

uh Twitter or farcaster you're just in your Twitter feed and you see a token you want to buy you just tag the banker at account and be like hey Banker buy me $50 worth of this token and um assuming you've previously funded your account and all that it just goes off and does that for you and by doing that it just shows up on other people's feed and so now they're like huh what's this Banker thing that this person I follow just used to buy a token yeah it just creates this really nice marketing Loop where uh as people use the app it also generates attention know most apps you use it's just like in the privacy of you know on your phone or your own web browser no one else is seeing it like if you go and buy a token on Unis swap or Jupiter or

whatever but with this new wave of DF agents integrated into social media it's just out there for everyone so it's um it's powerful the team is really really smart um people behind it I I've had a call with them a month or two ago um they're working on some cool things and yeah I I I'm still bullish on it I still hold a bunch and even though they've they've I mean typically when something goes up that much it's you're maybe are a little bit more cautious because hey yes no I I sold some when it was between um 30 and 40 million market cap so basically when I got home from you wedding and honeymoon stuff I was like huh a lot of things you know are down but some

but this one's no actually I mean the majors were basically the same from when I started and when I left um and then everything started to go down but all my like altcoins and AI coins and things um probably a lot of them were most of them were down except banker and a couple others and so yeah I took some profits then but I'm I'm definitely still holding a good Chun now okay so you still like Banker anything else uh any other any other tokens on your watch list anything else you're liking right now um e not what about s let's talk about s you like s yes and no I think um I'm I'm still I I've said since two years ago a year ago the beginning of this cycle that I'm

bullish on soul for the cycle but not as bullish for it on like a three-year time Horizon I think that it will um like I'm more bullish on bitcoin and eth out of the majes than soul on like a on a slightly longer term time reason part of the reason for being bullish on Soul was uh the the users that they had the ease with which people could like just the user friendliness of the chain the speed and the low fees and stuff there are a lot of other chains that are now increasingly competing with soul on that front they definitely had the network effects of like being the mem coin casino and they had like a ton of activity and volume happening there but that's fizzling out now um pump fun is is you know graduating less and less tokens from there so I'm I'm still

bullish on soul but I I'm I'm not as bullish as I was a few months ago and I um am still more bullish on E that said the price has come down a lot so you don't have to be as bullish as you were two months ago when the price was double what it is the risk reward might be better now so I still have so exposure but I'm I'm just a little more weary of it and and watchful of where are the users going to go because that's where price action follows users and and where are the users and um I'm not convinced that soul is going to capture the majority of say defi or something where like once the mcoin casino ends who's going to be still using Soul yeah yeah it's a great Point what's your thoughts on l1's so there's there's

an ongoing conversation we've had a bunch of guests on the show to talk about do we need all these l1s and is the L1 trade coming to an end like in past Cycles it was pretty simple you just stock loaded up on l1s and they've done really well and everyone also believed that all of the value would acre to the l1s it was the thesis of like you know it's it's investing in the protocols of the internet type of thing right well now you can invest in the protocols of value of the value exchange of digital uh what what's your thoughts because I know like we've talked about hyper liquid like there's another um appl1 which is maybe a little bit

different than the other l1s a lot of people still talk about you know SOI and we still have new new l1's coming out bar chain just launched their main net recently um what's your what's your take on the whole L1 space yeah I I mean we obviously have way too many I I I think that we will I don't know there's some number that will be like the optimal number of l1s in the world and I don't know what the number is I I imagine it's more than three it's more than five but it's less than like a thousand like we don't need a thousand l1s we probably don't need 100 L ones and so it's about finding where that number is and then which ones are going to survive and again at the end of the day it comes down to users like as a

user you're not going to use 10 different chains or 50 different chains you're probably going to pick one or two or actually in the ultimate scenario is the user doesn't even know what chain they're using they're just using an app so then it comes down to the app developers and where are they going to build their apps because where the app developers build their apps is where the users are going to go and then you have um you know chains giving out grants to entire highest app developers to come build on them which uh blockchain makes it easiest for developers in terms of coding language etc etc etc but because of network effects generally what you see and I've spoken to so many project Founders and people launching their own things is they want to go to where everyone else is launching and so you

know two months ago everyone wanted to be an abstract because it seemed like that's where all the attention was that was the next big thing that's kind of fizzled out a bit now avax is getting intention so more people are launching there there's not enough space for every L1 to get all the attention at any one time and over a few years some of them will win like some of them will just have more staying power some of them will attract more users so yeah I think the L1 trade it's not dead I think you can still make money on some of them it all comes down to the valuation at which you you buy these tokens at but I again would be weary bag holding too many of them um cycle to cycle the vast majority of value will accur to bitcoin e and

soul um but I I think we'll continue to see Runners like suie could outperform um Bara could do well etc etc but yeah there there's not going to be I think dozens or hundreds certainly of of used l1s okay let's talk about how to make money in crypto uh this is the article that you put out well actually let's talk about you've got a new you you've changed your newsletter I want to give you a chance to explain that to the audience because you've got a great newsletter and uh yeah go ahead thank you yeah so I've had my newsletter since uh mid 2021 and it started out I was posting you know four times a week I did like 30 posts between June and December that year and then you know I got busy

and and uh trading and running Zen Academy the company and it took a back seat and um I don't know over the subsequent two or three years I only posted 20 or 30 times in 2024 I only put out three articles and I realized you know what I I love writing and I want to like devote my attention back into this and so I just after getting back from the wedding and honeymoon I was like you know what I'm going to decide I'm I'm deciding that this is the thing that I'm you know focusing on building now in the space is my newsletter and um part of the way of doing that uh was launching a premium subscription version which I think will hold me accountable it obviously will if people are paying me I feel like I have to deliver a lot of value um I want people to be able to

feel like they're getting way more value than they're they're paying for the subscription um and part of that is every week I will now be releasing a new newsletter so I'm going from like three in 2024 to 50 in 2025 uh and potentially more cuz I'm going to try and do some stuff for people who are just the free subscribers but yeah I'm really excited for it and I'm loving being back into writing I have this goal to write every single day yeah and it's fun it's my first newsletter I was thinking of all the topics what could I choose and all the pressure yeah but the one thing everyone wants to know is how to make money and so that's what I decided on yeah and and I think there's a reason why everybody wants this which is like what I liked most about this article to be honest was

kind of your intro in a way because everybody goes through exactly what you talked about in your intro which is you you come in with a bit rose-colored glasses into the space and you convince yourself that you're here for bigger things than making money you know I'm here for the tech and I'm here for you know the The Innovation and I'm not saying that you and I aren't here for that we definitely are but really when it comes down to it we're all here for the financial yeah there's some rare exceptions but the vast majority of people I mean you can be here for the tech and the the way we're going to change the world and the money but if people are being honest that the money thing is what drives most people in life

in general and and crypto is no different yeah okay let's talk about uh you you had six points on how to make money in crypto in your article uh we're not going to go through all six if you want to read the full article we'll link to it in the show notes uh but let's let's highlight on a few of them so your your first one was the most important part of making money is not losing it yeah I mean it's true because it's actually not that difficult to make money like you can you can get lucky you everyone gets lucky and buy something um that just happens to go up or you can work really hard and find good Alpha make money but a trap that gets a lot of people is then they make a bit of money and they think that they're like an

expert a Sant they know exactly and they're like wow they extrapolate out if I can make this much a day a week a month a year I'm going to be so rich and they start spending that money and take on more risks and then all of a sudden it's gone so I think having systems in place to help basically ensure you take some profits or mitigate your risk is a really helpful thing that most people can and should do um especially because when you're in the the throws of it and making money um you your emotions will probably get the better of you you're not thinking as clearly and logically as you might be you know when you're you're sitting down at your desk a month beforehand um so I suggest a few systems like uh one is if you buy a coin and it

goes up it does a 2X sell half your position and that way you you mitigate your downside risk to be break even only um another one is um if you buy something and realize like profits from a trade take 20% of that profit and just send it to like a cold Hardware wallet and just leave that there to the end of the cycle and you just now no matter what you you've got some money coming out um this will definitely save some people when tax season comes around but even just for you making money and taking profit that's a good one uh and the last one anytime you share best yeah if you share a screenshot in group chat you go to Twitter be like hey guys look how much you sell sell 25% at least of your position you can't believe how often this works like for me as well for

everyone I know if you're taking a screenshot if you even think about taking a screenshot just sell just trust me just sell yeah it's so true why is it so hard to take profits is it is it just because we've never we've never like had profits like this before unless you've been in past cycles and then as you people don't round trip more than once typically or at least definitely not more than twice like why is it so difficult when you're up so big to take profit yes I mean I I've thought about this quite a bit part of it is just general greed and and just things like that but I think that a big reason is that in crypto it's it's relatively easy to get lucky and buy something that does like a 5x and just

goes up and then your brain is thinking wow that happened so quickly that was easy it can it can happen again right and and then you do math and then you're like well I I put $1,000 into this thing it did a 5x 5,000 I could I could take 4,000 in profit or if it just goes up 5x again that's $25,000 and then you just immediately your eyes go wide and I think that that kind of trap gets a lot of people yeah I think that the biggest thing to remember is that like a 5x is so rare right like it's not rare in crypto it's not rare in crypto but it is rare outside of crypto and there's a reason it's rare outside of crypto those types of gains are very unusual and

so because they happen in crypto does not mean that it's going to continue to happen forever what it means is it's just a way more volatile Market that you're in so yes the gains are there but so are the drops and a lot of people the biggest issue is what what you and I both know is there's a lot of new people that are going to come in space they're not here yet we haven't seen that yet we're not in Mania and euphoria stage yet maybe a little bit around December but I don't even think there was that many new I'm pretty sure that coinbase said they had less activity in December from like new users because even coinbase was like we're not really seeing new new users right now and and so when the new users come they they

come at the top they come in the hype they make one good trade they double everything's doubling daily weekly and then they they lose so bad but it's it's so like the best advice I think for for any investment is just don't lose your Capital base like keep that solid and you might sit people might sit there and say but then how do I make money right how do I actually increase it if I'm not willing to take risk on it and this is where you need you need a balance right that just take risk on a small portion or allocate according to your risk tolerance um okay n your your other your number three tip for making money is pick one or two areas to focus on yeah and I think we've sping about this a

little bit before but basically the that here is that too often in crypto people want to do everything they want to air drop Farm they want to trade memecoins they want to trade altcoins they want to yield Farm in defi they want to build a a a a brand on Twitter they want to do this that and the other it's like there's so many things to do they want to you know play play to earn games be on an L2 be on salana be on SOI be on avax be everywhere at once and you just can't like it's way too much stuff happening all the time and by trying to be everywhere you end up being nowhere you have no Focus you have no expertise you have no depth and and you end up uh competing against people who are experts in that area and so my general advice is

pick one or two areas to focus on and really drill down on that and and um you'll do better than almost anyone that spread you wide and it it can be anything you can be like I'm going to be the best um airdrop Farmer in the space or not the best but like I'm going to try really hard to be you know for me and expert on that and that's great you'll probably make a lot of good money doing that you could combine that with I'm going to um try and build my personal brand on Twitter and then now you have like all right now you're known as the airdrop farming person on Twitter great that's two things going on if you also try and trade mean coins on the side it just starts to dilute you know the attention you have and the um the

ability you have to be an expert in those areas and so and I've noticed this in myself and I I'm often making the mistake of being spread too thin but um and and your focuses can change you can be like you know I'm going to do airdrop farming for a while I feel like that's not really worth it anymore I'm going to go you know I think bass season is coming up I'm going to become an expert on bass for the next two three months and just really drill down on that and get to know what that Community is like and now all right that's fizzling out I'm going to move to something else but I think that trying to do it all at the same time is what gets most people pick one or two focuses at any given time and really CH in on that well and the other

thing I think is that like you have to in order to really be a good in investor or a good tra Trader you have to train your mind to like see patterns you have to like be able to do pattern recognition very quickly and the only way to do pattern recognition is to go deep into an area so you understand the area so that when things are out of the pattern or when there's an anomaly you notice it right away whereas if you're not deep you don't notice those things right like you just you're something's going on and you're blind to it because you're again trying to do everything yeah you're you're the exit liquidity for the people that ask deep in it because it happens all the time where you think you're you know you think

you're being smart by oh look someone I follow on Twitter just told me about this that or the other um I'm going to do a little bit of research and like oh yeah this sounds good but what you don't realize is that there's a bunch of people who did all this hours of research five weeks ago and they've bought all these positions and now you're the exit liquidity you want to be the person skatee to where the park is going to be basically and and be an expert before all the people who think that they're experts but aren't actually come in look at this the Aussie making a a hockey reference I love I love it I've never seen a game of hockey in my life but uh but everyone knows that line everybody knows it so good come to Ken I'll take you to a hockey game Zen uh

okay um last last one in the tips find uh your group yeah so I mean i' I've said this a bunch of times as well uh you know I think the most valuable thing anyone can have in crypto is a group chat with uh just a chat with a bunch of people that are in a roughly similar space place to you trying to do roughly the same thing helping each other out um you know it's one thing to you know just be on Twitter or in a bunch of hundred different Discord servers or all these different telegram chats and just have information overload but just having like a a more curated smaller group of people um that you can get to know on even a personal level and like trust and like you you're happy when they make money and if someone

loses then you share in their like misery Lov company it's by far the most valuable thing and um if you're not in a group you can make your own otherwise you can you can try and join one um I think it it's just so so so so valuable and you know it it evolves over time you'll be in groups and leave them and join other ones and be invited here and start your own um but what I found over the years is that ultimately at the end of the day almost everyone in crypto will spend most of their time in again like picking your focus in one or two chats and one or two areas um and having a high quality place to call home in the space is probably one of the most valuable things you can do yeah completely agree and on that note we

have a telegram group for the show so you guys anybody listening if you're looking for your group uh hit the link in the show notes join the milroad show telegram group it's free uh and you can talk to myself and the team uh every day or you could also join the milro pro Community there is a cost to do that uh but there is a a very vibrant Discord uh Community there as well um or you could join Zena's Community as well Zen's got his own community over at Zen Academy um so that's also a great Community I'm a member of that one too uh completely agree though lots of great tips Zen thanks so much for that no thank you uh for letting me share them okay let's let's wrap there we'll be back in two weeks with zenica again I want to know

the one thing about zenica coming on the show is he's our he's our trenches guy and I want to know which um which trenches you guys want us to talk more about let us know we might focus on that with zenica next time uh thanks very much for listening in everybody have a wicked awesome day as always if you liked today's episode please hit subscribe and make sure you follow us so you don't miss out on the next one there's also a link in the description to our free 5 minute daily newsletter where we simplify crypto for you while making you laugh and if you're willing to step up your crypto investing game we're going to also leave a link for milk Road Pro you get access to our portfolio where you can see exactly what

we are buying this is your number one resource to help you invest successfully in crypto one final note this show is for educational purposes only and nothing we say is financial advice investing in crypto or any asset is risky and you should never invest more than you can afford to lose thanks so much for listening in my friends have a wicked awesome day