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Richard Heart Twitter Spaces 16 - 11-16-22 (What is HEX?) REPLAY
Nov 17, 2022
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01:23:30
people for that but that's the people
01:23:32
has nothing to do with the coin
01:23:33
personally
01:23:35
if you want my opinion I don't know why
01:23:37
the coin is getting scrutiny off there's
01:23:38
the individuals themselves should be
01:23:40
targeted and and if ever censored
01:23:43
because it's their fault not the coin's
01:23:45
fault so why is their backlash on the
01:23:47
coin doesn't make sense to me
01:23:49
if you want my opinion
01:23:52
okay
01:23:54
all right uh back to the updates on FTX
01:23:59
uh SPF it still seems like withdrawals
01:24:02
are not able to be accessed from uh
01:24:05
Gemini but nobody's fighting because
01:24:08
right now it's due to apparently it's
01:24:11
due to Amazon web services and
01:24:15
nothing to do with liquidity I want to
01:24:18
bring up uh Franklin by the way
01:24:20
Franklin who owns like 93 000 Apes I
01:24:24
want to talk to him about what he's
01:24:26
doing
01:24:27
uh
01:24:28
by [ __ ] liquidating the [ __ ] floor
01:24:31
yo I gotta bring you up here man
01:24:37
bro thank God I sold my eight bro
01:24:41
I think
01:24:43
yeah what are you doing that nobody
01:24:46
nobody wants to buy it I've been I've
01:24:47
been uh
01:24:48
I've been flooring it listen hey I I
01:24:51
don't get attached me neither I saw the
01:24:55
Mark I saw the market coming and I was
01:24:56
like yo I'm not stupid man I'm not I'm
01:24:58
not staying here bro yeah a smart sell
01:25:01
by you um
01:25:03
now now are you gonna come back in are
01:25:06
you waiting for another dip
01:25:07
I'm waiting for you to liquidate
01:25:09
everybody like it looks like you're just
01:25:11
like you're gonna make the floor are you
01:25:13
trying to make the floor 10 no uh I mean
01:25:16
I would like I would like to buy another
01:25:18
one to get to 62 it's just I got a lot
01:25:22
more flips to do now at this point I
01:25:23
wasn't expecting um
01:25:25
a lot of that momentum you know up and
01:25:27
down trading stuff for the past week and
01:25:29
a half so I was on the path to try to
01:25:32
get six two it didn't work out so uh
01:25:34
just gotta start over
01:25:37
um so the goal is to just keep acquiring
01:25:39
apes and I'll just keep trying my my
01:25:42
best to do that in the meantime there's
01:25:44
different utilities for Apes that I can
01:25:46
earn money on just by sitting around
01:25:48
obviously portfolio value changes
01:25:50
drastically with each each difference in
01:25:52
floor price so I'm aware of that so it's
01:25:56
a lot a lot to think about a lot to
01:25:57
manage for active Trader like myself but
01:26:00
I wouldn't do anything that would you
01:26:02
know purposely
01:26:04
strike fear and and force people to exit
01:26:07
if they want to exit they're free to
01:26:08
list at the floor if nobody wants to buy
01:26:11
it look look and see that's what I'm
01:26:12
talking about the floor then it's going
01:26:14
to go down it is what it is
01:26:15
but you're hurting everybody
01:26:17
uh no I I don't think no but nobody
01:26:20
should sell their ape because I'm I am
01:26:22
trading the Apes um
01:26:23
from the from the start I really believe
01:26:26
strongly in the project you know just
01:26:28
the fact holding the ape the the rights
01:26:31
you have to the image that comes with
01:26:33
you know owning it and the benefits to
01:26:34
being in the club the one of the top two
01:26:36
profile picture projects uh in terms of
01:26:39
floor pricing so you know I thought
01:26:42
there was a lot more benefits to being
01:26:44
in the club than buying it and staring
01:26:47
at the floor price every every hour
01:26:51
why don't you sell
01:26:54
why don't you sell all your Apes like
01:26:56
hold one the one that you have in your
01:26:58
PSP yeah I mean I I've
01:27:00
just from my uh intuition and and just
01:27:04
thinking and even asking people directly
01:27:06
I'm more known for the amount of Vapes
01:27:08
that I have more than my profile picture
01:27:11
although my profile picture is probably
01:27:12
recognizable by now
01:27:14
um it's cool to have that social status
01:27:17
of having a lot of Apes no matter what
01:27:20
the floor price of the Apes are
01:27:22
if they're quadruple the price that they
01:27:24
are now you know that would be the one
01:27:26
tap holders have a very very expensive
01:27:27
project if they're going down 75 it'll
01:27:30
still be one of the top projects and you
01:27:31
know the space is still going to be as
01:27:33
strong
01:27:34
um the amount of opportunities that come
01:27:35
from being a large holder outweighs me
01:27:39
just you know cashing out and
01:27:41
sitting on the couch all day counting
01:27:43
Counting money I mean that's great but I
01:27:45
mean it doesn't affect it wouldn't
01:27:46
affect my day-to-day life so I'd rather
01:27:48
I'd rather be all in and having fun here
01:27:51
on Twitter with all my Apes let me ask
01:27:54
you a question Franklin if you sold all
01:27:57
your Apes how much money would you get I
01:28:00
don't know I let's do the math together
01:28:01
let's say if you sold them at 50. if you
01:28:03
do them yes look at the chart if you do
01:28:05
60 times uh 50 that's that's what
01:28:09
three three thousand
01:28:13
times one two oh nine that's the price
01:28:15
of ethereum so you do the math three
01:28:17
thousand times one two oh nine that's
01:28:19
three point six million now you that
01:28:21
number used to be 20 million in the in
01:28:23
the school Market yeah I guess but uh
01:28:26
you know whether I had that much money
01:28:28
or not have my life wouldn't have
01:28:30
changed so you know I can I would still
01:28:31
have a a normal life
01:28:36
I don't need that much money I'm already
01:28:39
at home like I'm I'm I get it but like
01:28:41
take the money it's still money it's
01:28:43
still you can take that money and put it
01:28:44
into properties uh listen this is not
01:28:46
it's just me and you having a
01:28:47
conversation but if I had them
01:28:50
yo I'd be buying land
01:28:53
yeah I mean I can still buy land I'm
01:28:55
gonna do a Kanye West right now
01:28:56
America's for sale I can still buy land
01:28:59
with with money out like I could sell
01:29:01
you know 1 8 in buy land and just live
01:29:04
off that land
01:29:06
um
01:29:06
it's just you know if if the Apes turn
01:29:09
out to be the worst investment from here
01:29:11
on out then I'll just write it down I
01:29:13
just think there's so much more uh
01:29:15
potential here
01:29:17
versus buy and sell the dip bro I can do
01:29:19
that too yeah
01:29:22
he should though no but he should take a
01:29:24
little proportion of that 60 and like
01:29:26
actually buy the bottom and then buy a
01:29:28
sell the next top and then again then
01:29:30
you could flip and get as many as you
01:29:31
want just for fun keeping and you'll
01:29:33
still have that profit right right
01:29:35
that's how it is that's how the nft game
01:29:36
works it's really sad but yeah good do
01:29:38
it man did you use that you have to sell
01:29:40
it did you use FTX Franklin
01:29:43
I got FTX us so I lost 5 000 on here
01:29:47
last week I um deposited money through a
01:29:50
credit card just being a DJ and trying
01:29:52
to buy the dip and when you do that it
01:29:55
locks your money up for seven days
01:29:56
whatever you trade with it it still has
01:29:58
to be five thousand dollars worth of
01:29:59
value you have to leave in there for
01:30:01
seven days before you can take it out so
01:30:03
unfortunately the seven days it next
01:30:05
didn't run out
01:30:06
as they were going bankrupt and and shut
01:30:10
the website down I did have over 400 000
01:30:12
on there at one point on last Thursday
01:30:14
there was an opportunity the price of
01:30:17
eth over there was like fifteen hundred
01:30:19
dollars while the price of each every
01:30:20
everywhere else was like 1300 13 30. so
01:30:24
I I went to Bendel it took out as much
01:30:28
as long as I could think of like 300
01:30:30
East sent it to FTX sold it got about
01:30:33
400 000. uh sent it back over 400 000.
01:30:38
then uh you know I did a test
01:30:40
transaction first I didn't I didn't
01:30:41
start with that much money but I sent
01:30:43
maybe like 40 or 50 each over and it
01:30:46
they accepted deposit and then I flipped
01:30:48
it they accepted withdrawal of the USD
01:30:50
coin where I would come over back here
01:30:52
and buy the cheaper so once they did
01:30:53
that I was like okay they're allowing
01:30:54
withdrawal so I did a large sum of money
01:30:57
yeah I got pinged by a little bit on uh
01:30:59
Nancy Nancy tag me and they uh well they
01:31:01
had a picture of my withdrawal and I was
01:31:03
like oh my gosh everybody's
01:31:05
single out of FTX us but at the time the
01:31:08
withdrawals were allowed so I didn't
01:31:10
think it was a big deal but it was great
01:31:12
timing because later that day they had
01:31:14
an alert that said they were going to
01:31:15
pause trading and then the next day they
01:31:18
just shut the website down especially
01:31:19
during the hack but uh yeah I got away
01:31:22
with if that were to happen and I lost
01:31:24
that much money I would have had to sell
01:31:26
Maybe
01:31:27
eight nine eight to make up for it so
01:31:30
that was very very risky situation I
01:31:31
wouldn't recommend anybody try that for
01:31:33
any other
01:31:34
centralized exchange at the moment with
01:31:36
all the drama that's going on so
01:31:38
that's my birthday is on the 25th if you
01:31:39
want to go ahead and send me an ape I
01:31:41
appreciate it D5 Daniel has I guess a
01:31:43
question or something to say what's
01:31:44
going on you've been holding your hand
01:31:45
forever yeah no uh yeah so I just got a
01:31:49
question for Franklin I guess um do you
01:31:52
um
01:31:54
do you think that uh through fungibility
01:31:58
of a token
01:32:00
uh it's more of a path
01:32:02
to achieve this fungibility of of the
01:32:06
token in this case like the board Apes
01:32:08
um
01:32:10
you know they all started the same price
01:32:11
then you know the market kind of took
01:32:14
them
01:32:15
uh took them around and and now like
01:32:18
today if I were to if you were to ask me
01:32:22
what's the price like average price of
01:32:24
the of a board ape I wouldn't have a
01:32:27
clue
01:32:28
I don't know if it's 10 East or 100 East
01:32:31
or 50 or 200 the price the vote not so
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