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Crypto Whale Trades: The $100M Secret (FOMO) | Nick Murphy DSH #929
00:25:24
Ever wonder how crypto whales move hundreds of millions without crashing the market? 🐋 Discover the $100M secret behind massive cryptocurrency trades with Nick Murphy, founder of Ace Trading. As one of crypto's most respected OTC trading specialists, N
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- [00:01]
A
Like the cryptocurrency industry. Yeah, and that just makes more eyes on crypto more interesting. Crypto? I mean, hell, there's a chance that, you know, the US treasury ends up converting over to more of a digital system. We'll see.
- [00:13]
B
That'd be nuts. There has been rumors of them having a digital coin though, right?
- [00:16]
A
Yeah, that.
- [00:17]
B
For years.
- [00:18]
A
I mean, well, and Trump has said a lot of things about. He wants, you know, the US to be the biggest crypto holder in the world. Yeah, let's see what happens.
- [00:26]
B
All right, guys, Nick Murphy here from Ace Trading. It's the earliest he's been awake in a while, right?
- [00:31]
A
That's what we do. Come on. All right, we got the Vegas time though, you know, let's go. Two hours behind.
- [00:37]
B
You know, you gotta rep starting the day off right. You've been, you've been busy these days, I'm sure.
- [00:42]
A
Very busy, man.
- [00:43]
B
Very trading. And with crypto at an all time high, I'm sure business is booming.
- [00:46]
A
Business is booming. It's, you know, with our business a little different. You know, we, we are on the execution side. So, you know, price being up just means more people are trading, which is good. It's definitely busy.
- [00:58]
B
But during the bear market, you were still doing well.
- [01:00]
A
Still doing well, man. You know, the difference was people were kind of getting out of positions or getting on the sidelines and just waiting to see what happened. So it was just kind of chill. It was weird. We kind of had the same effect back about two months ago when markets kind of pumped up and then stopped. Everybody's waiting to see which way it broke.
- [01:19]
B
Right.
- [01:20]
A
Interesting times for sure, man.
- [01:21]
B
Yeah. You think this time we'll stick around?
- [01:23]
A
I couldn't tell you, man. With our business, we are solely caring about volatility and trading the volatility. So if the markets are volatile, we're doing well.
- [01:32]
B
Yeah. So the more volatile, the better.
- [01:34]
A
That's, that's how we see it, man. I mean, at heart, we are what's called a market maker. So, you know, I've got the market maker mentality. We execute our OTC trades, which is over the counter trades. So block trades, big size, minimum trade, 250k. But we are the best in the business when it comes to executing large trades, large size, with little to no market impact. So if you were to come to me with a thousand bitcoin and say, nick, let's sell all thousand, or if you were to do it yourself, you would just sell it all one time and you'd fuck up the Market. Yeah, the market would go down. Your average execution price, if you will, would go down. If you came to me, we're very, you know, client objective based. So I would say, hey, you know, what are you looking to do? What's your timeline look like? I've got a thousand btc. Then let's run an algorithm. Slowly unwinds this position over 3 days, 5 days, 7 days, 10 days. And we would do that based upon your objectives.
- [02:27]
B
I like that. Has someone actually approached you with that many bitcoins?
- [02:30]
A
We've had much bigger.
- [02:31]
B
Really? Yes and a thousand. Yes and thousand is like, I can't even do the equation on that.
- [02:37]
A
I mean, those trades take a little bit longer. I mean, if you really want to not affect the market, you know, not push the price around, you got to be very careful.
- [02:43]
B
Yeah.
- [02:43]
A
Even as far as like, you know, the crypto whale alerts, you're familiar with those?
- [02:47]
B
Yeah, I've seen that.
- [02:48]
A
If people just see you move a thousand BTC on the blockchain, people are not like, oh, what's gonna happen? Exactly.
- [02:54]
B
Yeah. I saw one the other day where the guy had like 2,000.
- [02:57]
A
Exactly. And what did everybody do?
- [02:59]
B
They sold like, well, everybody.
- [03:00]
A
Yeah, everybody's like, what's gonna happen? Like somebody moves just a 2,000 and our 3,000 with a thousand bitcoin.
- [03:04]
B
Yeah.
- [03:05]
A
Any of those, it's going to make alerts in the blockchain. People like, oh, shit.
- [03:07]
B
Crazy. I wonder how Michael Saylor buys this. Because he buys huge tranches.
- [03:12]
A
Buying is different. That's dollars crypto, you know, you can't track the dollars going into the market.
- [03:17]
B
Yeah, but I think he announces when he buys.
- [03:19]
A
I mean, I couldn't tell you, man. I don't know if, if, if that's the smartest move or not. I, I don't know the guys, so I can't. Yeah. I have not watched his trading patterns.
- [03:27]
B
Do you do every coin or just the top ones?
- [03:30]
A
So it depends what's niche about our business is? Yes, mainly. And I'll say, you know, market color wise, we've really only been seeing btc, Eth, Solana and stablecoin trades as of late for the majority. But our trading strategies don't just, you know, they're not just effective in the majors, they're also very effective in illiquid markets. So for example, let's say you're a crypto PR firm or a crypto law firm, right?
- [03:58]
B
Yeah.
- [03:58]
A
That over the past couple years you've had clients that you brought on and they've Paid you partially in crypto, partially in cash. Their crypto being their crypto coin on paper as that crypto PR firm or crypto law firm on paper, you might have a 2 million dollar position of shitcoin XYZ right now. If you look at the daily volume of trades, it might be trading $45,000. So how are you going to unwind that position? You can't. They can't. Your other desks out here, which are some of the greatest desks in the world, that I've learned a lot from you, you know, Cumberland, Falcon X, you know, Winter, meet all these other desks that do amazing. I mean, these are the guys that have inspired me to do what I do, but they don't focus on that stuff, to my knowledge at least. But, you know, these are trades that we will take because, you know, if it's something trading $100,000 in daily volume and you need to unwind a $2 million position, if you were going to do it, you know, you would be paying a shitload in execution fees on the exchange. You would have to sit there and just click, click, click for hours. And it just. The chances of it working the way it would with you doing it versus us doing it would be very different, you know, with us, you know, I could unwind that trade. It might take a month, might take even more than a month, but we can do it.
- [05:12]
B
I think the sec, with new leadership, is going to change their stance on crypto.
- [05:15]
A
Hey, we'll see, man. We'll see. I think they will, too.
- [05:18]
B
I think they will.
- [05:18]
A
It's been hell the last five years.
- [05:20]
B
Oh, man. They've gone after every US crypto company. All the big ones.
- [05:24]
A
Yep, yep.
- [05:24]
B
All the exchanges.
- [05:25]
A
And thank God some of them are fighting back.
- [05:27]
B
Yeah. I mean, they don't have any other choice.
- [05:30]
A
I mean, that's the thing. Well, I mean, I don't think it's been the smartest thing for the, for the, for the SEC to do. They're pushing everybody offshore.
- [05:35]
B
Yeah. And Trump just announced he wants no capital gains tax on US Cryptos.
- [05:40]
A
Yeah.
- [05:40]
B
Which is huge for you, right? Yeah.
- [05:41]
A
Well, I mean, it's huge for everybody. Everybody. Because my clients are not just us or global.
- [05:46]
B
Right.
- [05:46]
A
But it's huge for everybody because what is it doing? It's just further legitimizing the, like the cryptocurrency industry.
- [05:51]
B
Yeah.
- [05:51]
A
And that just makes more eyes on crypto more interesting. Crypto. I mean, hell, there's a chance that, you know, the US treasury ends up converting over to More of a digital system. We'll see.
- [06:02]
B
That'd be nuts. There has been rumors of them having a digital coin though, right?
- [06:05]
A
Yeah, that.
- [06:06]
B
For years.
- [06:06]
A
I mean, well, and Trump has said a lot of things about. He wants, you know, the US to be the biggest crypto holder in the world. Yeah, let's see what happens. I think that'd be good for everybody.
- [06:14]
B
That'd be major. When did you first get into crypto?
- [06:16]
A
Oh, man, about 2013, 2014. Yeah, very early. Those, A lot of that, let's be very real, a lot of that's long gone, but full time professionally doing crypto since about 2016, 2017.
- [06:31]
B
And was this the first crypto company you pursued?
- [06:33]
A
No, it wasn't. I launched a fund very early on, right at the peak of the first market push, up and down, learned a lot, but ended up switching things up, going to a couple other avenues, venues, different things, and finally found, you know, the niche of what I do now. And I've just built a big team around it and not a big team, let me say, let me take that back. Not a big team, but a very, very good team. Dedicated, hungry people, Smart, smart, brilliant people. I wanted to create the all star team for execution.
- [07:07]
B
I love that.
- [07:08]
A
Yeah.
- [07:08]
B
And you're one of the top, if not the top in the world right now.
- [07:11]
A
I mean, I'll say what, you know, in terms of size wise. No, we're actually very, you know, very small in the grand scheme of things. But in terms of how we operate and the things that we do and the way we operate, I would, I would say confidently, we're one of the, you know, one of the best in the world of what we do.
- [07:26]
B
I mean, numbers don't lie.
- [07:27]
A
I mean, that's the thing is, I mean, numbers online, like, how about this? How about a client retention rate of 100?
- [07:32]
B
Whoa.
- [07:33]
A
That's what I like.
- [07:34]
B
In crypto, that's unheard of.
- [07:35]
A
I mean, it's. We're picky with who we work with and, you know, I like to just become friends with my clients, get to know them and better understand what they want.
- [07:43]
B
So you mix friendship and business, you.
- [07:45]
A
Know, business becomes friendship if you do it the right way.
- [07:47]
B
Interesting. Yeah. That's a tricky thing to balance sometimes.
- [07:50]
A
It definitely is. Definitely is.
- [07:52]
B
But I think you're right. If you do the business first, it's easier.
- [07:54]
A
Of course, I mean, always, like for us, we always just want to keep the client's best interest at heart. Like, I'm not greedy. I'm probably the least greedy person in this entire industry.
- [08:03]
B
Wow.
- [08:04]
A
I've built the entire business off referrals, and we don't market anything. Send me people, Bob.
- [08:11]
B
I'm gonna send you some people for sure. That's what we got you. Do you have mentors showing you how to do this stuff? Sounds complicated.
- [08:17]
A
Mentors have been the world to me. I would not be where I'm at without good mentorship. Chicago is like the heart of a good, you know, trading. I mean, it's. It's got the background with the futures industries, Everything that Chicago has done for the trading world. Um, I have a list of mentors that, you know, without them, I would not be here. And, you know, there's maybe top five that really stick out that I talk to almost daily.
- [08:45]
B
Okay.
- [08:46]
A
Just get guidance. You know, sometimes those care I beers shoot. The just talk about markets, talk about, you know, problems that I'm going through or difficulties that I'm dealing with in terms of running the company or the business or certain just market, you know, situations. But the mentors have helped me learn so much, and so then I like to really give back and, like, pay that forward. So I try to, like, teach and. And my favorite part of my job, honestly, is, like, bringing new people on and, like, helping them grow and succeed.
- [09:15]
B
Yeah.
- [09:15]
A
Yeah.
- [09:16]
B
They've saved me a ton of time, money, and stress, man.
- [09:18]
A
Oh, dude. Without a doubt, man.
- [09:19]
B
My first lawsuit, I was tripping without a mentor.
- [09:22]
A
Same, same. Yes, yes.
- [09:25]
B
The world was ending.
- [09:26]
A
So did I. And now it's like, it's like, as I think you can say. You can agree, though, like, as you get older, problems that you thought were, like, huge at age 23 at the time, they were.
- [09:36]
B
Yeah.
- [09:36]
A
But as you get older, you know, you get smarter as the problems get harder.
- [09:40]
B
Yeah.
- [09:41]
A
So, yeah, shit's still tough now. But if you're going to be real, when you're mentoring somebody, you got to tell them, like, doesn't get easier.
- [09:46]
B
Yeah, 100%. They say money makes it easier, but I don't know.
- [09:49]
A
Yeah, I mean, it makes it more enjoyable, but. Yeah, but no, but it does not make it easier. I mean, it's, it's. It's all about, like, just learning. It's like I try to go into any scenario and learn. So I'm actually curious of how you got to where you're at.
- [10:01]
B
A lot of failure, honestly. Lost all my money twice. Had mental health issues.
- [10:07]
A
Yeah.
- [10:07]
B
The whole entrepreneurial journey, I mean, it's.
- [10:09]
A
It's not easy.
- [10:10]
B
No, it's glorified these days, which I Don't think is. Is good on social media.
- [10:15]
A
It's. I mean that's why I really. I don't even have notifications for Instagram anymore. I'm just like, I don't, don't want to see this shit. Yeah, it's a distraction and it's like so glorified of the positives. Like I've thought about just doing like, you know, an Instagram page of real shit. Like here's Tuesday. Kind of pissed off today. What do we got?
- [10:32]
B
But I thought about it too. It just, let's be honest, doesn't get the views as the materialistic posts.
- [10:37]
A
I mean it's like why the fuck should we be posting anyway?
- [10:39]
B
Yeah. And the lifestyle posts and that's how people get drawn into entrepreneurship.
- [10:42]
A
It's crazy.
- [10:43]
B
Terrible.
- [10:43]
A
But no, but I'm all for that. I love. I'm always like, say, say some. I'm going to use an example. Somebody that I went to college with, you know, or high school with, starts a clothing brand, right. That I can 99.9% guarantee is going to fail. I will still be the first person to buy that shit. Because I'm proud of them for taking the leap of faith. You know what I mean? The leap of faith to get out of corporate, to do their own thing. Because even if you fail, which I failed. You failed. We've all failed. You still took the fucking leap of faith. And that's like the hardest part at the start.
- [11:14]
B
Yeah, that's a big step. I remember my first business was in the clothing space. I thought it'd be a huge company.
- [11:20]
A
I mean, but that's it. It could have been, but like the. What were you doing before that?
- [11:24]
B
I was doing. I was just a college student. I was broke.
- [11:26]
A
Okay.
- [11:27]
B
Then I started an apparel.
- [11:28]
A
So you went straight into entrepreneurship?
- [11:29]
B
Yeah, I never had a job.
- [11:31]
A
That's crazy. I did corporate for like a year and I'm like, nope, I'm good on this.
- [11:34]
B
I knew it wasn't for me. Yeah, it's working for someone else.
- [11:38]
A
No, I mean it's just like the freedom to do what you want, but also like. So okay, so you had the leap of faith but you did it on your own. That was just very cool.
- [11:45]
B
Well, I had a safety net, you know, my mom's upper middle class, so if it failed, I knew I could just live in her basement or whatever. So that.
- [11:51]
A
And I tell you what, if everything with the shift today, I would rather go back and live in my parents basement for two years if I had to rebuild Something.
- [11:58]
B
Yeah, I'd rather do that than, you know, not try at all.
- [12:00]
A
Yeah, exactly.
- [12:01]
B
Getting college debt and six figures, which.
- [12:03]
A
What are your thoughts on college?
- [12:05]
B
Oh, it's terrible. I mean, we just paid off my fiance and it was just like years of interest and. Yeah, it's terrible. Terrible.
- [12:11]
A
It's crazy. I just don't know. Is it going to stay? Is it going to go away? Who the knows?
- [12:15]
B
I know. I thought it was going to go away that one time, but someone vetoed it or something.
- [12:18]
A
I don't know, man.
- [12:19]
B
Did you go to college?
- [12:20]
A
I did, I did. I went to University of Missouri.
- [12:22]
B
Okay. Was it worth it?
- [12:23]
A
I mean, was it worth it? Yes. I'm not going to regret going. I made a lot of good friends, but I had a lot of fun.
- [12:31]
B
Okay. That's where the partying started for you.
- [12:34]
A
Yeah, we had a good time, but still, you know, it's. I definitely learned a lot about people and interacting with people in terms of the coursework. There's been many times I'm like, yeah, I would much more appreciate some of those business classes now.
- [12:47]
B
Yeah.
- [12:48]
A
But even then, like, why would I go back now? I mean, I graduated. I have a degree.
- [12:52]
B
What's your degree?
- [12:53]
A
It's business marketing and finance.
- [12:55]
B
Okay.
- [12:55]
A
Yeah.
- [12:55]
B
So you're actually using that.
- [12:57]
A
I mean, I am, but like, you know, realistically, did I actually learn the stuff there that I do here? I don't know, man. I'm sure the principles are there.
- [13:04]
B
Yeah.
- [13:04]
A
But I think for me at least, hands on and being in the, you know, in the grind, doing this stuff is where you really learn it all.
- [13:13]
B
We got to talk about your mottos.
- [13:14]
A
No, the mottos got three models. I. I do. I have three models of life that I highly encourage other people to put in. No, I have it. I had it on. My phone's over there, but I had it as the wallpaper of my phone. And I still do, but I would send it to other people and I got to the point where I had to put my signature on it because everybody else was using it. Model one, them all. I'll explain that because the second that you stop caring about what other people think is when your life really changes. In my opinion. We can come back to that. Rule 2, Model 2 is a question that you can ask yourself and it applies to almost any situation. Rule two, does it make a difference? Because most of the time it doesn't actually make a difference. Like, you know, you'd be like pissed off, you're stuck in traffic. You know, this, that doesn't actually make a difference. No, it really doesn't. You know, in a deal setting or this or that or whatever. Ask yourself the question, does it make a difference? It probably doesn't. Rule 3 is the toughest one of them all. Don't overthink. Very difficult.
- [14:09]
B
Yeah.
- [14:10]
A
I'm an overthinker, but if you combine all three of these and take a deep breath every now and then. Not too bad. Yeah. Yeah.
- [14:17]
B
I love all those. Yeah. The overthinking man. I used to be the biggest overthinker I still am. I would lay in bed at night and think about.
- [14:23]
A
I mean, I was just telling you, I was texting. I was texting my team this morning at 2 in the morning. Like, what do you think of this? What do you think of this? Yeah, but I mean, it's taking a step back sometimes. It's not. Not the worst thing. Yeah.
- [14:34]
B
You got to be in the present. Yeah. The first one, though, that, that was a game changer. I grew up a massive people pleaser and I would put other people before me for, like, probably 20 years.
- [14:42]
A
That's. How do you do now?
- [14:44]
B
I don't do it now. I mean, I'm still pretty giving, I think, but in the right setting. But now I really got to put me and my family first.
- [14:50]
A
You have to. I mean, it's. At the end of the day, the only thing you could like, actually control is yourself.
- [14:55]
B
Yeah.
- [14:56]
A
And that's hard to realize, hard to understand. And I'm still the same way too. Like, I'm a people pleaser still, but I'm learning every day that I need to focus on me too.
- [15:06]
B
Yeah. Yeah. It was from, for me at least it's from childhood trauma. Not fitting in, trying to, like, please everyone.
- [15:11]
A
Yeah. No, I've. I've also got childhood trauma as well. Man, it's tough. I think everybody's got some sort of trauma in their life.
- [15:17]
B
Yeah.
- [15:17]
A
And it's just how you kind of fuel that energy into like something positive.
- [15:21]
B
Yeah. Well, I noticed a lot of entrepreneurs have some deep trauma, actually.
- [15:23]
A
Yeah. That's like. Actually it's funny you mentioned that, and this was not at all planned, by the way, but it's funny you mentioned that because I think that there should be some sort of a. I've been thinking about maybe doing a nonprofit or something specifically geared towards like, high level and high achieving people, mental health. Because I've found, like, I'm more likely to talk to you as another successful entrepreneur about difficult scenarios or like problems that I'm Going through. Because you've probably been through very similar ones.
- [15:52]
B
Right.
- [15:53]
A
So it's like, you know, being able to, like, talk to that stuff. Not more like mentor to mentee, but like, just friend to friend and like, I don't know, it's interesting.
- [16:00]
B
Yeah. Like aa, but just entrepreneurial trauma.
- [16:02]
A
Yeah, yeah, exactly. We can think of a fun name for it, but, I mean, we'll see. But. Yeah, but I mean, it's just like. It's just. There's a lot of trauma. Dude. Half the days that we go through are traumatic. Like, you know, there's days where we have great days. There's days. We have days.
- [16:14]
B
And that's something you got to realize. It's not going to be up and up the whole time.
- [16:18]
A
No. I mean, nothing moves up in a straight line.
- [16:20]
B
Yeah. So now when I. I have bad days, I'm like, all right, that was needed. Yeah, things have been too good.
- [16:25]
A
I mean, the timing is always right on point where. Where it should be. I mean, you don't realize it in the moment, but maybe a year from now you do.
- [16:32]
B
Yeah, absolutely. What's been some. Some of the highs for you and some of the lows.
- [16:37]
A
Highs and lows in general or what?
- [16:40]
B
Yeah. Be more specific with your business stuff.
- [16:42]
A
I guess, with businessman. The last. The last year and a half, two years, banking has been tough in the United States. Yeah, it's been really tough. Problem to do anything Crypt.
- [16:52]
B
You got shut down.
- [16:53]
A
Yeah, man. I mean, but like, different accounts. You know, the major banks, they just hate crypto. And I think a lot of this is tainted by the bad actors in the game. Like, we were just talking about the kid who did the massive rug yesterday.
- [17:05]
B
I mean, massive.
- [17:07]
A
I mean, for him, it was like, you know, like, that's the kind of thing that makes crypto look bad. And then it's like, you know. You know, I think a lot of people screw up with their banking and have screwed people like you and I on our banking. I. I tell my banking people, I'm like, this is exactly what I do. Here's how my business is going to work. Here's how the flow of funds is going to work. This is what I do. Boom. They are okay with it until they're not. Then all of a sudden, boom, Accounts are shut.
- [17:32]
B
Yep. I got banned because someone that was in crypto just sent me money.
- [17:35]
A
Just. Was somebody random or, like, he got banned.
- [17:38]
B
So, like, I guess everyone he sent money to got banned, too.
- [17:41]
A
What did he do?
- [17:42]
B
I don't know.
- [17:43]
A
That's the problem. Though, Is he bad? Actors in the space, probably, yeah. I mean, but now you can breathe and they'll kill your account. Like, it's ridiculous.
- [17:50]
B
Nuts, dude.
- [17:51]
A
I mean, there, there's probably, I don't know, five, six different crypto banks in the US that I think do a fantastic job, but they want you to keep a million on reserve. It's like, why the are we not trading that? Like I should be trading that money, not leaving it in the account.
- [18:04]
B
Yeah, banking. I'm on my third one, man, so hopefully they figure that out.
- [18:08]
A
Which one are you using? Got to keep a million in there.
- [18:10]
B
Keep that secret. We got to talk about your dog, man.
- [18:15]
A
Yeah, the dog. The. Wait, wait, wait. Which part?
- [18:18]
B
You painted your Labradoodle.
- [18:20]
A
So, so, okay, so long story short, the name of the company, Ace Trading is actually because my dog, his name is Ace. He's about. He actually. Dude, today's his birthday. He turns five today. He turns five today? Yeah. So we gotta go, go home, get him a cake and whatnot. But no. So whenever I've made this company, created this company, I'm like, what the hell should I name this thing? And somebody jokingly said, just name it after your dog. I was like, fuck it, we'll just name it Ace. And afterwards I was like, actually this is a great idea because it's a three letter word and it starts with A. So it's at the top of every list of every like, directory. A Ace. Boom. Easy. And I like the way like, if you think about how like two of my counterparties are talking, like, oh, who'd you execute that trade through? Like, oh, I did it through Ace. It just sounds good.
- [19:09]
B
Clean.
- [19:09]
A
It's clean. So, yeah. So Ace Trading, my second dog, my younger dog. So he's actually named after Dom Perryon. So he's Dom. So I have Ace and Dom. Ace of spades, Domperion. So one of my offshore entities is called Dom Cap. So I'm either gonna have to find more alcohol brands or more, I don't know, but definitely. So. So yes, to. Back to your point. Yeah, for Halloween a couple years ago, the groomer, he was like, yeah, we should, we should paint him, like, do some like dog dye. And this is before everybody was doing it.
- [19:38]
B
Yeah.
- [19:38]
A
Because now it's pretty common. It's all over the Internet. But no, he looked like a Bengal tiger for a fucking year. It lasted a year.
- [19:44]
B
Damn.
- [19:45]
A
Yeah, cars would pull over on the side of the road.
- [19:47]
B
Holy crap. Yeah, we'll throw up the image on the, on the pod oh, yeah, no.
- [19:51]
A
There'S some good ones. There's a lot of good ones. He looked straight up. And people. I like to fuck with people. So I'd be walking the dog and people be like, oh, like, what kind of dog is that? Like, is that. And I like, it got to the point where it got asked so frequently that I have, like, a full tale of the story. Like, oh, yeah, it's a tiger doodle. Like, like, no way. I'm like, yeah, I think he's like the second or third one in Chicago. And like, you know, like, no way. I'm like, yeah, yeah, look him up on Google. Blah, blah, blah. Yeah, people loved it, but I didn't because I didn't realize the walks would take 10 times as long.
- [20:20]
B
Ah, that's funny, dude. I love dogs, though. I got two dogs.
- [20:24]
A
What kind of.
- [20:25]
B
You have Australian shepherd and golden mountain dog.
- [20:28]
A
Golden mountain.
- [20:28]
B
You heard of that?
- [20:29]
A
No.
- [20:29]
B
It's a golden retriever and Bernie's mountain dog.
- [20:31]
A
Okay, so, yeah, we got the golden doodle A's and then the Aussie doodle D. Nice. So the energy of the Aussie, man, crazy.
- [20:38]
B
Oh, man, he's run bouncing off the walls all day.
- [20:40]
A
That's.
- [20:40]
B
That's.
- [20:41]
A
How old is he?
- [20:42]
B
He's just turned six.
- [20:43]
A
Okay. Yeah, yeah. So, yeah, man, this aces five today. Dom is one. Yeah, Dom is nuts.
- [20:49]
B
I bet that young puppy energy. Dogs changed my life, though.
- [20:52]
A
Same, same.
- [20:53]
B
I had terrible anxiety before.
- [20:55]
A
Same, bro.
- [20:56]
B
It went away as soon as I got one.
- [20:57]
A
Yep.
- [20:57]
B
Isn't that crazy?
- [20:58]
A
And they, like, they sense your energy. Like, if I'm like, in one of those moods and I just sit down on the couch or anybody, anybody that's at my house, they will both go to, just lay by them crazy and just chill. Yeah, I agree, man, though. Ace and Dom saved my life.
- [21:10]
B
Yeah. If you guys are dealing with anxiety, get a dog.
- [21:13]
A
Th percent.
- [21:13]
B
Game changer. What's next for you, man? What are you working on?
- [21:17]
A
Just building, building, building. I mean, now the banking is, you know, for what I can tell, knock on what's solved. We can actually scale the business.
- [21:25]
B
Nice.
- [21:26]
A
We. The company just hit its year mark back in September, so very proud of all that we've achieved this year old. Yeah, this company. Yeah, this company is a year old. Well, a little bit over, but I was doing similar stuff before and ended up just kind of spinning this company out of the last company I'd founded with just, you know, bigger goals. And I really want to push this thing. You know, it's a very niche Service the way we do things, the way we trade and like service our clients very like hot, like high end white glove service. It's all objective based. Like I said. My goal is to keep expanding, growing, building, teaching the team, you know, the, the right attitude, the mental, you know, the morals of the company. Just doing the right thing. Not people over. And that's another thing in this business I feel like happens way too often is people just, they're all for like one rip off somebody and then one and done like I don't want to just make a rip off somebody and audio is by I, I want to have them as a client for life.
- [22:23]
B
Right.
- [22:23]
A
I think that's why even moving company to company, from my leaving my last firm to this, I have 100% client retention rate. I've got the best clients ever. Like without them in my network, none of this would have been possible.
- [22:34]
B
I love it.
- [22:35]
A
But, but I want to get, you know, if, if, if somebody new comes in as a client, I want to service them so well that they, they are always thinking about me. They're thinking about my business. They hear crypto, they think Nick Murphy, they think ace trading. Because I want them, I want their cousins, I want their brother, I want their friends. Everybody has clients. And to provide everybody the same level of just top notch service, that's the.
- [22:57]
B
Way to do it, man. Yeah. Because the crypto space, man, there's a lot of scams.
- [23:00]
A
There's a lot of scams. There's a lot of like, you know, there's a lot of really good people, a lot of not scams, let's be real. But there's a lot of bullshit too.
- [23:06]
B
Yeah.
- [23:06]
A
And it's like, you know, a friend and another mentor of mine once told me, I won't, I won't get into business what he does. But, but he once told me, you shouldn't worry about that. That's what I'm here for. I'm here to worry about that for you. So it's like if, if, if we're, you know, involved in anything crypto, execution wise, it's like, don't worry about it. I don't want my people to worry about it. Like, let us deal with it and handle it for you. It's like if you're sick, what do you do? Do you go to the doctor or do you go to your buddy that went to med school for a semester? I go to the doctor. If you get legal, if you need legal help, what do you do? Do you go to an attorney or do you go to like a fraternity brother that maybe went to like half a semester and off.
- [23:45]
B
Yeah.
- [23:45]
A
Or chat GPT. I was going to say. No. It's like. So when it comes to trading, like if you want to do. If you want to execute large scale trades with little to no market impact, come to me, come to us, come to ace.
- [23:56]
B
It's a great service because people don't realize when you have that much and you sell, you don't get all of that in cash.
- [24:01]
A
Buy, sell whatever it is. Crypto to crypto. Fiat to crypto. Like if you don't do it the smart way, you know, like and, and executed, you know, we, we are 100% algorithmic. Like we'll chip away positions and, and not impact the market. That's. That's the whole goal.
- [24:18]
B
That's the key. Because when you sell a big position, you could tank a coin like easily.
- [24:22]
A
5, 10 easily if not more.
- [24:25]
B
Yeah, yeah. I've seen some wild slippage actually.
- [24:27]
A
I mean that's. Especially with some of the defi coins now. Yeah, yeah. We actually have been able to. I've got a good friend that built out a defi execution platform like a defi execution layer that's. I think he's going to be releasing soon. But like I said, good friend of mine, we've been using it some here and there, but it actually allows us to trade high frequency in defy.
- [24:50]
B
Wow.
- [24:50]
A
Without incurring all those fees of gas. Sometimes, sometimes we have positive slippage.
- [24:55]
B
What?
- [24:55]
A
Yeah.
- [24:56]
B
How is that possible?
- [24:57]
A
That's more technical than I. But, but yeah, I mean, keep an eye out for that. I mean it's. There's a lot of things cooking.
- [25:04]
B
Oh yeah. We'll link your site below and your Instagram. Anything else, my man?
- [25:07]
A
You know, I really just want to appreciate you not bringing us on and. Yeah, man, just keep doing what you're doing. I'm proud of you as an entrepreneur.
- [25:14]
B
Thank you. Great meeting you, man.
- [25:16]
A
You as well.
- [25:16]
B
Y. Thanks for watching guys.
- [25:18]
A
Peace.