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Merry Christmas from Richard Heart
Dec 30, 2023
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· transcript tracks the video
“liquidity” · 11 mentions
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00:54
09:54
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01:18:42
Transcript
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07:06
billion you're like hold on a second you
07:07
idiots let me explain this to you okay
07:11
when you enter a position you slip the
07:13
market against yourself when you enter
07:15
positions it's it's called slippage
07:17
right so if you enter billions of
07:19
dollars of a position your actual exit
07:22
price is a lot lower than what you think
07:25
it is because it's going to slide
07:26
against you on the way out
07:29
so a real easy way to tell how the
07:32
slippage is going to get you is to buy
07:35
get in your position right however
07:37
you're entering I don't know if you're
07:38
Market buying or spreading it over time
07:41
time weighted average pricing dollar
07:43
cost averaging whatever and then take
07:45
your position and look at what it would
07:47
be if you sold
07:49
it right that makes sense right so
07:53
people are like oh Michael S is up so
07:54
much money you're like yeah and then how
07:56
much how much down would he be if he
07:57
tried to exit right now
07:59
it's not it's not when you buy billions
08:01
of dollars of an iquid thing you're
08:03
going to take you're going to push the
08:04
price up against yourself and you're
08:05
going to feel rich but then if you're
08:07
smart which is what I just educated you
08:08
guys on you gota look at your slippage
08:10
on the way out and and you'll be like
08:12
dang I'm actually not up hope hope I can
08:15
you know scale out or whatever
08:17
so this idea that guys that got wrecked
08:19
buying the top after I called the top
08:21
are somehow now to be worshiped as
08:22
though they're smart is very stupid to
08:24
me I call the top of 65k price is now
08:27
43k okay it's never gone over 65k C I
08:30
called the top in the Day miracle worker
08:32
did it for free hi um you know and
08:36
they're what bragging about bind top and
08:39
holding okay
08:43
um especially when you made the top by
08:46
pushing it up with
08:48
leverage what an idiot and then you see
08:51
other things like this guy uh I don't
08:54
even know his name r something R pal or
08:58
or Paul I don't know some guy with like
09:00
a podcast this guy buys the top
09:03
irresponsibly long un margin uses
09:06
options for
09:08
leverage I warned him I said don't do it
09:10
don't do it bro in his thread telling
09:12
him don't do it ladies liquor and
09:13
leverage don't do it you get wrecked he
09:16
gets wrecked but now he's like doing
09:18
Victory lap somehow like bro what I call
09:22
the top of these things you guys bought
09:23
the top stop acting like you won you
09:25
didn't win I hi Richard Hart
09:28
um in case you don't know me own the
09:31
world's largest diamond never seen it
09:33
pretty funny that but I own it
09:36
um what
09:38
else performed or what did I founded
09:43
founded the world's largest air drop
09:45
which here's some market caps for those
09:47
coins let's go take a look at
09:51
some we've got uh I'm just going to sort
09:54
by
liquidity
here I no should I sort by
09:57
market cap fully diluted volume is that
09:59
the
10:02
way let's look
10:04
at the wrapped Bitcoin now why do I hate
10:08
talking about PRC 20s to you guys
10:11
because any prci 20 I mention I'm
10:14
worried that you guys just buy it
10:17
worries me I don't want you to do that
10:21
so rap Bitcoin has an admin key okay
10:25
bitgo a company in the United States has
10:27
that admin key
10:29
they could just infinitely mint as many
10:31
more as they wanted and dump this thing
10:32
to zero if they wanted to now are they
10:35
going to do that I have no idea would
10:38
their shareholders like it if they did
10:39
that I have no idea um I don't even
10:41
think they're public they're private um
10:43
like I
10:45
just in general I like the things that I
10:48
founded I think they have good designs I
10:50
hate admin keys I prefer not to see
10:52
admin Keys wherever they can be in
10:55
removed and not
10:57
exist so you know wbtc hasn't AB been
11:00
key therefore I'm not really a big fan
11:03
but God darn as far as ER c20s and p20s
11:06
go man you're just buried in admin
11:10
keys anyway long story short so you know
11:13
there's a reason I don't talk to you
11:14
about half the things on pulse chain or
11:17
half the PRC 20s in the world is because
11:20
you
11:22
know there's risk in them right
11:26
like so rap big coin fully deleted value
11:30
million bucks so I think that that means
11:33
is that the total Supply I'm not sure
11:35
this websites measuring the total Supply
11:37
accurately but let's just assume it is
11:40
the total Supply times the price is 14
11:44
million bucks so this coin that was
11:46
given away for free to erc20 Holders R
11:49
Bitcoin erc20 holders is worth $14
11:52
million out of thin air cost you nothing
11:56
free here you go enjoy enjoy your free
11:58
money Merry Christmas there's $14
12:00
million of value sitting
12:03
here cool and there's 300K of
12:07
liquidity
12:09
now I look at I hear this like oh salana
12:12
is pumping Sal's pumping and then I go
12:14
look at
12:15
salana and then I go sort by
liquidity
12:19
and there's no
liquidity
on anything and
12:21
I don't get
12:22
it
12:23
now when you have really low
liquidity
12:27
it means that the price can go very high
12:30
with less amounts of
12:32
money but in a Unis swap V2 automated
12:35
Market maker where the bid and the ask
12:37
are
12:39
symmetrical and this doesn't speak to
12:41
anywhere else that's traded right like
12:42
I'm not looking at all the other places
12:44
it can trade I'm just looking online at
12:46
the you
12:47
know what I consider to be the most
12:49
trust reduced way to trade because you
12:51
can't get screwed by an exchange
12:53
stealing your money you can only get
12:55
screwed by contract vulnerabilities or
12:57
drug PS or you know bad PRC or ER c20s
13:01
that have like inflation Bugs R key
13:03
stuff like that but it is you you don't
13:06
have to trust as much if an exchange
13:08
gets your money this is another thing
13:10
right that I
13:13
understand well let me finish this point
13:16
there's millions and millions of dollars
13:17
of free money that was given away to
13:19
people pulse was given away for free to
13:21
every ethereum holder a prc2 copy was
13:24
given away to every erc20 holder there's
13:26
millions and millions of dollars of free
13:27
money sitting here and you idiots on the
13:30
ethereum network that aren't smart
13:31
enough to say thank you for the free
13:33
money for some reason you're also not
13:35
smart enough to take advantage of all
13:36
the lower gas costs so if we look right
13:39
now at uh goals.com
13:46
gas it's 50,000 times cheaper to use
13:48
pulse chain than
13:51
Bitcoin 50,000 times it's 9,000 well
13:55
8396 currently
13:59
let's call it 8,000 times cheaper to use
14:01
pulse chain than to use ethereum pulse
14:03
chain was designed to help get the
14:04
ethereum gas fees down well guys if you
14:08
would put a little bit less a load on
14:09
the ethereum network it wouldn't cost
14:11
you $5 to send an erc20 or $20 to do a
14:15
swap it would cost you less than a penny
14:18
right now it costs less than a penny to
14:20
do a swap pulse chain it costs you could
14:23
do about 5,000 cents for a penny
14:28
check the math though
14:31
0.00002 that's a lot of sense right so
14:36
pulse chain has operated flawlessly
14:39
since launch it was the world's largest
14:41
free air drop there's millions of
14:43
dollars of free coins there for erc20
14:45
holders and we're in day 227 of flawless
14:49
operation it used to trade at zero and
14:52
be worth nothing and now I mean
14:54
depending on how many coins you think
14:56
are circulating
14:58
um let's look at the market
15:00
cap I in general hate market cap as a
15:03
measurement for like anything
15:06
really but here it
15:10
is
15:12
the the market cap if you take like the
15:15
total supply of pulse chain times the
15:17
current price per PLS the market cap of
15:20
pulse chain is $9 billion 8.9
15:24
billion the current market cap of PX is
15:27
uh uh 2.5
15:30
billion incentive token 12 million hex
15:33
6.7 billion just on the Pol chain
15:36
Network probably worth about four
15:38
billion on the ethereum
15:40
network that's a lot of billions guys so
15:44
I mean the idea this narrative a lot of
15:48
people hate me a lot of people hate the
15:51
things I've designed which is really
15:52
weird because they were all given away
15:53
for free Paul chain was giv away for
15:55
free Paul ax was given away for free
15:57
hack was given away for free my advice
15:59
is given away for free this video is
16:00
given away for free you don't even know
16:03
an address you could send me money at
16:05
you don't have any address of mine um
16:07
wow that's a lot of free stuff for a lot
16:09
of hate and I didn't even wear any
16:11
jewelry just so you little hater guys
16:12
would have an easier time for Christmas
16:14
you have to hate his
16:16
hard still called the top in the
16:19
day um they want you to feel wrecked
16:23
hexans pul
16:24
hexans uh pans they want you to feel
16:27
wrecked the enemies the scumbags of the
16:29
world they want you to feel wrecked but
16:31
you're not wrecked pulse chain has
16:32
operated flawlessly since launch 227
16:34
days ago it's not very long ago um hex
16:38
has operated for over four years
16:40
perfectly flawlessly while so many other
16:43
things have gone to zero stopped
16:46
functioning went bankrupt over and over
16:49
and over again
16:50
now who promoted the bankrupt things the
16:54
same scumbags that won't say a good
16:56
thing about the stuff that I designed
16:58
coin market cap advertises crap that
17:01
goes to zero advertises crap that gets
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