Thinking the same.This run is my hardest by far as it’s so hard for me to be the left curve retardio
The only real value now and I’ve telling it for years is RWA.And it’s not Really a game where retails will involved
I guess our flywheel Will be memecoins and Im not good at it
Unpopular opinion/thought I just had:
Y’know how in last cycle memes & scams pumping was good top signal HTF? Participants moving out risk curve as they feel the music coming to an end + everything else had already far overshot any sort of fair valuation etc etc
Now think of crypto and it’s entire lifespan as one large cycle where good stuff pumps first (BTC, XMR(?)), then scams that people truly believe in (ico era) then slight maturing as ppl wisen up + teams have had time to build, and good &/or less bad projects start to pump to and beyond their ‘fair’/reasonable valuation (L1s, some DeFi)
Then ultimately for last hoorah after everyone has realized it’s almost all vaporous BS and there is still little to no real world justification/purpose for 99.99% of tokens or defi projects (if any) beyond Bitcoin, they ultimately move out the risk curve again as no one has any appetite anymore for the ‘utility’ tokens we all accept by now are worthless, so we all collectively decide to play musical chairs on explicitly vaporous coins until VCs start buying in again because number go up and begin writing long theses about how they put a value to community and this is a new paradigm. (Again)
IMO the gambling supercycle thesis is cope and serves only as a way to continue believing for just a little longer &/or to psyop others/ourselves into doing so. (Lots of good frens + people i respect have this thesis so pls don’t interpret dis as me dunking on u guys it’s just my raw unfiltered thoughts on it ❤️)
Read a while back during the bear an article or tweets or smtg from Cobie about how he wasn’t sure we’d even have another cycle. As, after all, there’s only so many times you can convince the world that the tech that has found no use case beyond Bitcoin in 15 years of existence is actually a new paradigm and will change the world. Which is why this cycle has so far been the griftmaxx vapormaxx cycle w/ little to no gains for the vast vast majority of coins pretending to have utility or use-cases. And as part of the greater crypto ‘single-cycle’ is the top signal.
Wow that was only supposed to be like 400 chars long but got on a roll lmao
This will undoubtedly be an incredibly unpopular tweet that will gain me exactly zero fans or followers and will likely make me lose quite a few, but this is my random musings and as always i like to say exactly what im thinking/doing on here.
At the end of the day though, none of what I say will matter or sway anyone, and it probably shouldn’t, half the reason I’m here still speculating w/ y’all is because I want the easy profits. The other half is because I don’t trust myself and my poorly fleshed out thoughts/beliefs on the validity of an entire industry that I’ve joined on the (relative to current day) tail end of enough to convince me to leave. Hedging my own potential ignorance you could call it.
Would appreciate y’all being civil, this industry is my living too and you have no idea how much i truly truly hope that i am utterly and completely wrong on this take 🫡