Craig explains why he'd rather hold a reflection token than a pure meme heading into a bull cycle "Probably prefer to hold a reflection token than a pure meme" "But in saying that, there's things to it, A, the reflection token has to be an alt coin or something I'm bullish on, the ticker needs to be okay, it needs to still be memeable as well" "I think even though it's a reflection token, there's still the art of the meme, it's still gonna be a memeable character, it's still gonna be a ticker that's okay, there's things it still has to have" "But I think if it's got all those things that a meme has, plus it's got a reflection token that you're bullish on, I just think that's an extra layer that you can count on people looking at when they form a thesis" "So if I was choosing between maybe a pure meme and a meme with a reflection token, I'm probably inclined to lean more towards the reflection token, provided that the meme coin elements are satisfied"

Qwerty says CZ tweeting Aster was its own smaller scale version of the Trump coin launch Krutzky: "Do you think we'll see that again, is there another Trump in the future?" Qwerty: "No, but on the fact that even Aster happened gave me hope to think that, I think that, CZ is one of the last examples, CZ is a Trump launch, the fact that he tweeted out Aster, that was in itself its own smaller scale Trump" Krutzky: "Can Robinhood Chain have a Trump moment?" Qwerty: "Yeah, I don't see why not, you just need one person at the right timing of the market, probably 18 months down the road, if the timing of where on chain mania lined up last cycle, if that was to repeat here, I don't see why not” “Everyone always says you're never getting another opportunity again, but even Libra, if you were in and out quick enough, there was an opportunity to do it there"

Insentos says TJR was one of the first people to make trading content cool and break out of being just a trader "I feel like TJR, a lot of people have opinions on him, but he was one of the first people to make trading content cool. He's done a lot for the space." "He's goated. And it's crazy too, because people forget he's such a good content creator, but people forget he's actually a trader too." "I feel like he was one of the first people in trading to not only make trading cool, but just break out of being a trader and make actual good videos as well."

Qwerty says once a good trade turns into a bag you're emotionally attached to, it becomes harder to sell and stops being a trade "I think that sometimes I get too caught up in the idea that the trade is just going to keep going, I have the right thesis, I have an amazing entry, I'm finally up money on the play, and it starts to turn into more of an investment versus what it was originally supposed to be, a trade" "And that's what I think the problem is, that when you get too emotionally attached to a bag and you don't wanna sell it, then you're no longer in a trade, it starts to become an investment once you hold it over a couple months, weeks, whatever it may be" "When in reality I posted it on Friday, and by the end of the weekend everything went up multiple 50, hundreds of percent, and I was up a ton of money, I get stuck because I'm thinking to myself, alright, my thesis is correct, god entry, I'm just gonna hold this, it's gonna keep running, and then it's not a trade anymore" "I think that's where I have been struggling, is turning good trades into just bag holding, and then it just goes right back down, and if price goes back to my entry, it almost invalidates what I was saying 24 hours ago, cause I was only saying that cause price was going up" "So it really is just the importance of, even if you just shave 25%, even if it's just 10%, whenever you do get stuck in that stuck state, you really just need to take something off the table"

Se Yong says in 18 months he hopes fomo reaches 150 million users "I think the beautiful part about social media platforms is usually winner takes all, you use X, you use YouTube, you use TikTok, you don't use the second best thing, whatever it is" "So I think for us, hopefully in 18 months we are definitely the social graph of finance, where you ask anybody in the world who's ever bought anything and they say fomo, that is where all of social discovery for tokens, for assets, for stocks, whatever else happens" "And if I had to throw out a number, in 18 months I'd love to be at 150 million users, I'd love to be, let's say, 50% US, 50% non US, which we are today, and being able to have at least two thirds of those people have done a transaction in their life" "And let me take that one step further, I hope of the 150 million at least half are people who have never done a financial transaction in their life, I want to be the first place where they will be able to do that"

Se Yong explains why fomo gave investors token warrants but isn't launching a token "The thinking around that is really that I want to be a financial application that is trusted, is used, is revered, is inclusive, we need to do it in the stock market" "We need to be in a place where your average person who knows nothing about crypto has the ability to come buy the token, to find upside, to be a stakeholder, to give their own thoughts on governance" "And I think what a lot of crypto projects do too early is they launch a token, that becomes a second product, and then eventually becomes your primary product, because if the token is going down, that means nothing's going right" "So you really want to be in a place where you're not distracted by these things" "And who knows, in a world where you bring back ICOs and we can distribute revenues and engage people on chain and do all these things, sure, maybe we do launch a token, but I think with the current framework it's a lot easier to think about how do we actually get into the public market, into as many hands as possible"

Se Yong explains why he doesn't see Pump fun as a competitor Ran Neuner: "Do you see Pump fun as a competitor?" Se Yong: "I don't, no, I think that they've built an incredible launchpad, and I think they're trying to do more in the trading space as well" "But if you minus Bitcoin, crypto is a trillion dollar asset class, that is one of the smallest assets that you and I spend all our time in, and it's crazy because Apple's 5 trillion, right, so all of crypto in its entirety, with hundreds of thousands of builders, millions of people using it daily, we're still five times smaller than Apple" "So I think viewing competition in a PvP way is actually not the right way to think about it, and it's more like how do you build things that elevate everybody else, and build the blockchain ecosystem in such a way where you want more people"

Se Yong reveals about 25% of fomo's 2.5 million users come back every day, and about 75% every month "We are 2.5 million total users, we have about 700,000 come back daily" "I think on any given month about 75% of our users come back, so it's a place where you can't really compare this as trading app retention, you can almost look at it more like a Snapchat or another social media platform" "And of those 700,000, we probably have about 150,000 daily active traders, so that's a number that's really cool, because when I was at dYdX we had 2,000 daily active traders, we were a 20 billion dollar company, and it was mostly institutional volume" "So to be able to touch 150,000 different people every day, and have to be the sole trading experience for them, is actually incredible, and I think those are the most important numbers, how do we get to 10 million, 100 million, a billion, and hopefully more than that at some point"

Se Yong explains why fomo is shifting from performance marketing to building a brand people recognize "We're now at the place where we're starting to think about brands, how do you start to make fomo a brand that is revered, that is light, that is cool, that people want to use and people recognize and are familiar with" "Because I think for a financial product, and especially for a social product, you need to be in a place where everybody knows that this exists and there's a reason to be on it" "So a lot of our work has been there, which you don't get direct returns on” “But you get to know that you're actually expanding the radius of what your brand is to different people in the world"

Ran Neuner predicts the future of trading is financially driven social networks "I predicted that there's gonna be a new layer of social networks which are going to be financially driven social networks, and I think that's what you guys are pretty much building" "I think that X is trying to reverse engineer, by saying we've got the social network, we now wanna plug in the finance part of it, apparently you can now start trading directly from Twitter" "So I think they're trying to reverse engineer the social network, but I think ultimately the future of trading is a bunch of social network trading platforms"