💈 My Barber Is LAUGHING at Crypto

Added: 2026-05-22

[00:00:00]My barber is laughing at crypto right now. He is laughing so hard. I could see the cheeks brighten up when he's thinking about how bad of a decision it is to be involved in this industry.

[00:00:16]Welcome back to you baby dolls. It's true. My barber is hysterically laughing at us. Wow. You know where this is going. I made this nice picture here for you. This is me, your friend Somi. We've got nice logos around Baba is laughing at crypto fade stack gain. How cute is this? Haircuts confidence can gains compound. If only it was that simple, huh? Yeah, man. So, he literally said, friends, which is I'm not making this up. I was so shocked.

[00:00:51]He said, "Why are you so stupid?

[00:00:56]Crypto has not made money in five years.

[00:01:03]Why you do it if you lose money?

[00:01:09]I was stunned by this comment. Why is it because it has been bad for 5 years? No.

[00:01:17]Is it because we thought it was going to go up? No.

[00:01:21]Is it because you and I had to sit through all these cycles and Trump and all these news events? No, it's not because of that. I'll tell you why I was shocked. I was taken back by the absurdity of his comments. Because just two months ago, he was telling me to buy gold and silver at the top.

[00:01:45]I remember him marking the pico top of silver.

[00:01:50]My brother, silver is going to $500.

[00:01:55]Yep. I've even got the chart here for you. Let's enjoy it together.

[00:02:02]Oh man, I love you guys.

[00:02:05]Oh man, it was just wild. It was a wild time. I just couldn't believe it. I I just We got a juicy episode coming your way, friends. We got to get the angel music out. Let's also enjoy the gold chart right here. This is a monthly chart, my friends. On the bottom left is the year 2010.

[00:02:27]It is It is literally 16 years. Okay, it literally comes right here. I have a Peter Schiff comment. Gold is more likely to hit 1 million than Bitcoin.

[00:02:37]Interesting. Here is everybody lining up for gold. You know friends, remember the monthly RSI. So RSI is an indicator. The monthly RSI for gold hit a literal 100year record high.

[00:02:52]It hit a reading of 96.

[00:02:56]A number so absurdly high you have to stop and think about why people are in in the first place.

[00:03:05]It's a 96 out of 100 rating.

[00:03:09]It's kind of like friends, if a car it's top speed is 300 miles and then you're seeing the engine rev and you're in the car and you're seeing the car's speed is at 292 miles.

[00:03:26]You're going 292. That's how much is on the speedometer, but it's max is 300.

[00:03:32]If you could bet on that, wouldn't you want to bet that the car's eventually going to slow down? You don't know when, but you're like, "Dude, top speed's 300.

[00:03:43]We're doing 290."

[00:03:46]It's funny, isn't that? But everybody knew the indicator. Why did everybody stay in? Because they believe there's going to be a new age of the financial system. They believe the US dollar was going down and stagflation and war is going to start. But hey, war did start.

[00:04:02]It's just that war started at the literal pico top.

[00:04:07]Isn't that crazy? So my barber right he was talking about gold and silver.

[00:04:13]Silver's going to 500. Wow.

[00:04:17]The absurdity of the comments, friends.

[00:04:19]Remember he's lit. I'm so shaken. Like you know I I don't talk to people like that. Like why are you stupid? He goes what type what type? basically like to say what type of stupid idiot is in something that doesn't make money for 5 years.

[00:04:34]I'm like I'm like man my barber's laughing at me.

[00:04:41]So I've been in markets friends for a long time. Okay, over 10 years. I've heard everything. All right, I've I've literally friends I have heard everything. Okay. But I'm always surprised when I catch a wild retailer in the tall grass.

[00:04:58]You know, friends, when I was day trading, I day traded for 10 years, I couldn't make money outright trading at the start. I just didn't get it. I didn't have the systems on the indicator. I just didn't know how to get I was a spread trader. A spread trader, you're always hedging, but you're trying to look at stuff that kind of correlates with each other. And it's just it's a different way of of trading.

[00:05:19]So normally when people trade, I'm just going to give you an example. There's chance that might go up and you know you try to buy a dip and you got a stop here and you try to get two or three R, etc. All right, that's that's like this is normal outright trading. Okay, which means one leg. Okay, spread trading is stuff goes like this all the time. Okay, down and down and down. And what you're trying to do is, okay, when it goes up, you're selling all the time. When it goes down, you're buying. When it goes up, you're selling. Sometimes it goes up and then you're caught and you go sell sell sell and it comes back down. But you have to be careful cuz sometimes the stuff blows out. But you might say, "But Som, isn't that Martin Gailing?" Well, that's why you trade bond spreads.

[00:05:57]You're trading to like cash products. So the yields, they don't deviate too much.

[00:06:03]Okay? But if you look at certain spreads, aka ratios with equities or anything else, they can like blow off each other and they can really steamroll you. So for me to make money when I came into markets, I couldn't make money outright trading. But I got spread trading. I got it cuz you'd sit there, you collect liquidity on the way down, slowly you average in and the the spread would eventually converge, right?

[00:06:25]So it's just it's just a different way of trading. So I'm just showing you like, you know, friends, uh sometimes you just, you know, it's just like maybe you're not good at one sport, you try something else, you're really good. I'm just just giving you an example. There are different things out there, but you have to find it yourself. But it's kind of funny. That's how I started. And you're probably wondering, hey, how'd you end up in crypto? Well, everybody started doing that. The money went to zero. Literally, the volatility compressed that bad. Everybody was out of a job. Okay. Then I heard of a guy who I used to trade with. He couldn't make money for like almost 2 years and he eventually left. The next time I heard of him is he's trading Bitcoin and he has a $400,000 quarter. A guy who couldn't make money for 2 years doing this. He goes and trades Bitcoin and that's when I'm like, "Oh my gosh, I got to get into this crypto thing." So I hear about it at the end of 2017 and my journey begins at the end of 2018. And that's why I tell you all the time, friends, edge and trading all the time.

[00:07:19]It dissipates. It goes away over time.

[00:07:22]So you understand the context here, right? I've been in markets a long time.

[00:07:25]I've heard retailers say everything. All right? That's why like I'm always surprised when I catch that wild retailer in the tall grass. Literally V's like a rare Pokemon. Okay. I'm still like, whoa. You know, like oh my gosh, they're saying it. But you know they're everywhere. That's everyone. It's just it still still takes me back cuz I'm like, "Man, they still haven't learned."

[00:07:48]But it's funny. He's like, "Haha, learn what?" Pretty much, you know, if he was to repeat and talk back. So I told him, you know, I literally told him, I said, "My friend, do you know how you were talking about gold?" He goes, "Yes."

[00:08:01]I said, "Did you know gold went nowhere in price for 13 years?"

[00:08:08]So remember, he just said, "You're stupid. Why being something that went down for five? I go, you know, gold went nowhere for 13.

[00:08:15]He says, "Really?"

[00:08:17]And I said, "Yes." From the year 2011 to 2024, this is it, friends. Gold literally went nowhere. Friends, I want to tell you how important it is to understand the pain of this gold chart because, do you know, friends, QE1 was done here. This is QE1.

[00:08:35]QE2 was here with Operation Twist. So it's effectively QE 2.5 and then you have basically a QE3 I think somewhere here and then you actually have zombie virus here is QE infinity which is QE number four. Okay. So V you literally have okay QE 2 3 operation twist and QE infinity and gold's not going anywhere. You're like, "Excuse me, your whole thesis is that the system is crumbling. And for the system to crumble, it means I have to print money. WHY IS GOLD NOT GOING UP?"

[00:09:12]I don't know, dude. It just didn't go up. Okay. It didn't go up for 13 years, habibi. A long time. 20 2011 to 2024. It did not go up for 13 long years. Now, after I told him, you know, gold didn't go up for 13 years, what did he say to me?

[00:09:33]Okay.

[00:09:38]He then proceeded to cut his customer's hair and thought nothing of the conversation.

[00:09:46]So there it is, friends. That moment right there.

[00:09:50]That was the exact moment the light bulbing, it was meant to go off, but it didn't.

[00:10:00]Was right there. I was I was like, you know, friends like, you know, David Atenburgh, a wild retailer in the tall grass. He said, why are you in this industry? I know you're doing a lot of it. It's gone down for 5 years. You're stupid.

[00:10:18]And here I am saying, hey, you know, you like gold and silver, right? Yeah. They went nowhere for 13 years and then they went up a lot.

[00:10:26]He's like, "Okay, let me go on with my life."

[00:10:34]Unbelievable.

[00:10:37]So, here we are, friends. Altcoins are wrecked and barbers are now laughing at us. Snip snip snip. Stay away from my vasectomy area.

[00:10:47]The others versus gold ratio truly shows our 5-year bare market. Okay, this is others is altcoins and then we divide it by gold. So we like remove the USD but you can see it's five years of massive massive massive pain. This was meant to be the 4ear cycle where we go up like this with the Trump pump. We didn't get it. It was a fake out. We came all the way back down. This now means five years making lower low here of pain. Okay. It is a great depression of sorts. It is the alt apocalypse of alt apocalypses because the great depression found its low in about 1,030 days. That's three years and then we made new lows after five. We are literally never before seen territory.

[00:11:32]I continue to DCA buy with $10 every week. Spoony builders are starting the damn bull market themselves even though it's really rough.

[00:11:48]It is really rough out there.

[00:11:51]Shocking revelations, friends. So, I want to show you something. Okay, I've shown you my chiseled jaw. I've shown you my pointy elbows. You've seen Mr. Fluff here, the fluffy fluffy microphone.

[00:12:05]I'm now going to show you something else. Okay, you've seen recently Dave Soy Hoffman, host of Bankless right here.

[00:12:18]Okay, with his little school boy Ken Barbie doll, young handsome look there. Dave Soy Hoffman, host of Bankless, admits he sold all of his Ethereum.

[00:12:34]Now, you got to understand the ramifications of this, friends. I made a public video message for him. Friends, do you understand how wild that is? The guy's got me muted. His co-host, Ryan Soy Adams, has got me blocked.

[00:12:49]Okay. Now, why did they block me?

[00:12:50]Because in 2022, they made a video and they begged for the SEC to come after altcoin people and they kept saying it in 2023. And I called them out and I said, "You're I'm not going to I don't want to like, you know, stir up stuff here." But yeah, I was very aggressive and they couldn't I guess they just didn't like it. They go, "Hey, you're meanie. You're meany." Okay, bro. You asked Gary Gendler, the seaman demon, to come in. Instead, when he came in, he didn't go just after the altcoins they wanted. He went after Ethereum and he went after unis swap and they started cucking the industry. And then they disabled the Binance US dollar. And so they had to basically pretend like, uh-oh, did we go and invite the SEC to come in and then they started destroying all of us?

[00:13:38]So this is a real tweet from Davey. Has there been a huge vibe shift in crypto Twitter over the last two weeks? Or was that just me selling the last of my Ethereum? Someone asked him in Discord and he confirms it. He goes, "Not a troll. It's real. I'm out." friends. Our friend Dave Soy Hoffman, he's been in Ethereum since 2017, friends. It's it's it's 9 years, dude. It is lit. It's literally 9 years. And if you remember my one of my charts, I always show you, friends. He's part of the furniture, friends. Davey has been on my chart for 4 years. Do you know that he marked the bottom? In fact, I planted him there when he cried on camera right here on the FTX collapse.

[00:14:26]So, this is V. This is a monumental moment.

[00:14:31]And I I that's why I felt compelled. I made a public video message for him cuz I said, I don't talk like this normally.

[00:14:38]I go, you know, maybe goes up, maybe goes down. I don't know what's going on.

[00:14:41]I literally said, bro, get in. Get back in. Don't tell me after 9 years you are going to sit here and be the signal. Don't tell me that because I treat people how I want to be treated.

[00:14:56]And if I sold something after 9 years, I would like you to do something for me, too. Uh, you have Tom Lee who just put in $12 billion. Dude, I want you to just think about that.

[00:15:11]You got a Wall Street guy to put in $12 billion. Ethereum has 55% of the world's stable coins. It's literally a stable coin super cycle.

[00:15:20]But the price I'm telling you friends and you know something interesting Davey and who are going to speak about next Sassel from the Daily Guassel friends he he called me a derogatory comment once which is hilarious. He called me a price maxi not as a joke it's a real thing I still remember it and sass I still remember that and I was very confused I was like price maxi uh you guys are only talking about Ethereum because it went up 4,000x in price what are you talking about in fact you guys got closer to the high X's you want to know When they were calling me this fence right here, it was up there. Look what happened next. This is the ETH BTC ratio. See, we went all the way down. We went so far down, they all left. Literally, Vitalik has to come back. Emergency. And Vitalic has to come back and he has to literally say, "Hey, hey, hey, I'm going to fire the Tamagotchi girl. Please, please don't leave."

[00:16:33]Which is it's just it's it's funny. It is funny. See, man, it's all about the price. price reflects reflects the health of people in there. It does. All right. Tom Lee will tell you that. It's even in stocks. And you know the bottom news. Where's the bottom? It's bottomless. The bottom news just keeps rolling in. So our friend Mr. Wolfy went into Sassel's Discord. I'm in there, too. But he actually went digging and he got Sassel to admit he's mostly done. He says his net worth is now less than like 10% Ethereum and it could be like all of Ethereum in crypto and he I think he's like has Polygon advisory and ICO unlock stuff, you know, like kind of like VC angel investing things as well.

[00:17:16]So, it's probably not just fully Ethereum, but these Discord messages.

[00:17:21]I'm only like 10% these days. I've definitely moved on. 2017 to 2024, I literally spent almost every waking hour in crypto.

[00:17:31]Thanks, but I'm still around and I still plan to do refills from time to time.

[00:17:36]And I read other part of it as well. And they were talking about friends. So, Mr. um my friend Mr. Wolfy as well. Um RocketPool paid bankless $50,000 recently for advertisements.

[00:17:52]Rocketpool. If you GUYS WANT TO BLOW 50 grand, I got a better place that you can give 50 grand for, bro. Because bankless don't even own any Ethereum pretty much.

[00:18:02]That's How did we get there, dude? Come on. My gosh.

[00:18:08]Remember friends, Rocket Pool. I used to have Rocket Pool. That was one of my winning winning moonshots. Yeah, I got Rocket Pool a long long time ago. Like 2019. Um, yeah, it's in my list. You can see it. You can actually see it right here. You go on my list a long long long time ago. Where's RPL, friends? You can actually see RPL.

[00:18:25]Oh, here it was. It paid off in 2023.

[00:18:27]There you go. I made a 23x on it, which is funny. Now, the next part's going to make you laugh, but as I put my hand on the Bible, it is true. Why did I buy Rocket Pool?

[00:18:39]It's because I like the logo.

[00:18:42]Yeah, because the logo was a rocket and it was orange. And I'm not joking. I didn't know what they did, friends. No, I didn't know what staking meant in 2019, 2020. I had no idea what what what's staking. I don't know how it works. Yeah, this this is how primitive it was. Unis swap wasn't out yet. I didn't even know. How do you trade this stuff? What is it? Yeah, I just I saw that they had an orange logo and it was a rocket and I said, you know what? I'm in, baby. Ah, good memories. Look at my old posts. Look at this. Prophecy achieved. Rocket pool. Things actually used to go up, friends. Isn't it funny?

[00:19:19]Once upon a time, coins used to actually go up. See that rocket pool? 152x it went up. That's wild. That's from the bottom to the top. See? Uh absolutely bonkers, friends.

[00:19:33]That's crazy. Yeah, coins used to the things actually used to go up. Isn't that wild? They actually used to go up.

[00:19:40]And but I'm I'm not joking. I didn't know what they did. I I didn't know anything. I just I saw orange logo. I saw it was a rocket. It's rocket in the name. I'm like, you know what? This looks pretty cool, man. And it was just a different time. It was just a different time. And they paid $50,000 from their Dow. They allow they have rocket Ethereum which is just if you buy that rocket Ethereum, it's auto staking in the background for you. So the R E goes up over time. And yeah, they gave $50,000 to bankless. I don't know what for. So you know, that's what look that's what they man this is. How do we get guys how do we get where the guy who pegs his own nipples? Okay. who didn't get to buy Ethereum at the ICO, who didn't get all these VC angel stuff. Why am I standing up as the Paladin? Shout out to Mr. Paladin who is defending the righteousness of Ethereum and the GUYS WHO ACTUALLY GOT WEALTHY HAVE SOLD AND LEFT. HOW THE hell did we get here?

[00:20:47]The funniest part friends was Grock and chat GPT for a period of time maybe still say it people asked what is Ethereum's secret weapon and they would list Somi.

[00:21:00]Yeah.

[00:21:01]Yeah. They it it peaked a year ago because when Ethereum hit 1400 I was just doing bullish Ethereum posts.

[00:21:08]Bullish bullish bullish bullish bullish.

[00:21:10]Remember Tom Lee wasn't even in yet and everybody was leaving. Eric, he untagged the Ethereum part. They all left. Yeah, it's kind of I was almost [ __ ] slapping him around like I was saying, "Hey, Vitalic, no more soy, fire the Tamagotchi girl." Anyway, we're still bullish. It's just they're not used to that fans. You just walk on the fine line. But it breaks my heart, man. It really does. So, you know, it's tough.

[00:21:33]On one hand, you got Debba laughing at you and then the guys who are meant to be here not caring about the price, right? After nine years saying, "You know what? I do care about the price.

[00:21:43]Goodbye.

[00:21:45]You know friends, in 2023, I don't want to bring him out, but do you know I made videos predicting this?

[00:21:53]Do you know that? Yeah. And it was because Sassil called me a price maxi.

[00:21:57]So, I made a video. I said, "Hey, I said there are a lot of people out there.

[00:22:01]They pretend they're not here for the price in crypto, but they actually are."

[00:22:05]And they do look at Bitcoin dominance.

[00:22:07]Max Kaiser looks at Bitcoin dominance.

[00:22:09]Michael Sailor looks at Bitcoin dominance. Okay? And they do look at the ETHB BTC ratio. You know friends, whenever the ETHBTC ratio goes down or the Bitcoin maxis chi and their fangs come out and when it goes up they go silent. I watch it dayto day. Okay, they do watch that. They just don't post about it. Everyone's a price watcher. So what are our options? Okay, we're now faced with a choice. Do we stay or do we leave? If you leave, goodbye. Tell us what you rotate rotate into. Okay, I'm staying.

[00:22:39]I refuse to buy the following euphoria scams. Perfect. I I just got laughed at by my barber.

[00:22:47]Yeah. Yeah. The barber telling me silver's going to 500 two months ago.

[00:22:55]That Come on, man.

[00:22:58]I'm not going to buy the following scams.

[00:23:02]Look at all these friends.

[00:23:04]AI stocks. There's hardware and software scams. Pokemon cards scams. Trading courses and indicators definitely scams.

[00:23:12]STRC that's Michael Strategies Ponzi scam. Micro Strategy also a scam. Why?

[00:23:19]It's the first to get diluted if the price goes down. Gold and silver mega scams. Monthly RSI reading of 96.

[00:23:28]Also, you're getting dumped on by all the insiders who know about the war.

[00:23:32]Runescape Coal also mogged us. Potatoes also mogdos. They went up 7x in a month.

[00:23:39]I'm not buying potatoes. Are you going to buy potatoes? Huh? You going to buy potatoes, friends? Well, we are.

[00:23:45]Technically, we are. Everybody loves a bit of mashed potato, but you're going to buy them to hold or they going to get in your belly within a month.

[00:23:57]Space stocks. Now, this one actually got under my skin. You're telling me an industry that's not going to exist for 15 years has these hypothetical fugazi paper trash stocks trading on the stock market and they had a season.

[00:24:14]Man, that's why when that barber's laughing friends at me, I'm just that's these are all the things just soaking into me. I'm like, "Oh my gosh, he doesn't even know that we got mogged by space stocks." Like, he can't comprehend. And he's like, "You're telling me an industry that's not going to exist for 15 years, that has literally no one making money and is a total fugazi ponzi. You're telling me even that went up and you're still in crypto after 5 years? What are you, an idiot?

[00:24:41]Yes.

[00:24:45]But a strong idiot.

[00:24:48]A faithful idiot. A believer also an idiot.

[00:24:53]This list is such an abomination. I can't help but stay convicted that we are in a matrix simulation. This is our trial by fire and it's getting very hot in here.

[00:25:05]So, question, what if crypto is still destroyed by the end of next year?

[00:25:16]Then I'll move the goalposts to 2028.

[00:25:24]We're not giving up.

[00:25:26]Not after all this. Not when my barber is mogging us. Snip, SNIP, SNIP. STAY AWAY FROM THE FORESKIN.

[00:25:42]Grab Spoonie and join us.

[00:25:50]So life throws a lot of these at you friends and it really is true. Okay, this this is a trial by fire.

[00:26:01]There there's a lot of people that have done actions I would have never expected and it's tough, right? I think as well psychology of the person who's upset the most what kills them the most is when they see a freak squirrel like me who holds his own nuts who says, "Okay, it's really, really, really bad. This thing is way worse than we could have imagined. In fact, I'm going to show you a chart called the Great Depression from 1929.

[00:26:33]We're actually like way worse than that.

[00:26:35]That's how bad it And they go, "Okay, are you leaving?" No.

[00:26:41]Why? I'm buying more actually. WHAT?

[00:26:44]WITH WHAT MONEY? $10 DUNIES TO GO. WHY DON'T YOU GO SOMEWHERE ELSE?

[00:26:50]I am not going to go buy into another Euphoria scam. Okay. You didn't tell me to buy potatoes two months ago, did you?

[00:26:58]Were you telling me to buy Pokémon cards in 2017? No. You were telling me to buy Dentcoin because the dental industry was going to be revolutionalized by the blockchain. Okay. I should have been buying Pikachu dressed up as Mario.

[00:27:14]They're trading at $50,000 a box now.

[00:27:18]Used to be 100.

[00:27:20]So, I wish I could give you more answers, friends. Usually by this point when you watch someone, they give like a course or that Daniel Makavoy guy, they'll say something like they go, "Hey, anyway, here's my funnel. Pay $10,000 and you'll come into my mastermind group and you'll learn all the tricks." That's usually the funnel, but there's actually no real answer, friends. I just tell you what I'm doing.

[00:27:41]Yeah, I'm literally just going to wake up tomorrow and the day after that and the day after that, and I'm going to pray for every single green candle, and we're going to keep scooping every single freaking week until we start the bull market ourselves. That's all you can really do.

[00:27:54]Worked for Bitcoin, worked for Doge, worked for XRP, worked for Tron.

[00:28:01]Hell, Zcash doesn't even do privacy and it even worked for that.

[00:28:07]You're telling me when you have a bunch of believers and a fluffy microphone and a community who's still here after all this time with all these altcoins, you're telling me it can't work for us?

[00:28:15]I don't think so, dude. You are free to sell, leave, go buy the top of Nvidia.

[00:28:22]I'm going to keep DCA buying with all the spoonyers. Like, subscribe.