I've been trying to put into words why I don't like meme coins, or cults Good memes and cults just aren't fundamentally about making money. Like imagine if Trent Reznor did an interview and talked about how he was optimizing NIN's margins Just cringe / sad / ruins the culture

My wallet trackers pinging to hell rn, first time in a while. odds all these shitcoins are underwater by Monday when btc sneezes 3%?

In light of this first topic i outlined here to hoseeb I should’ve perhaps been a bit forceful with eth/btc positioning. Defi was clearly cooked and that’s eth’s biggest token sink.

which to be fair Central Bank Bitcoin does have a nice ring to it.

re $Drift val frmwrk: 1- ambitious penetration % going from 2% post drop to 10% 2- $400m 2027 revenue based picotop of $90t of deriv volume 3- deriv volumes really cyclical often -50%ing so multiple probably has to be low given non-recurring assets.ctfassets.net/qtbqvna1l0yq/7……

been doing a lot of introspection recently and i think the biggest 'investment success' lesson for me in crypto (or more broadly) is that its often not what you buy, but rather what you pay and all you need to do is buy things "well" this was the crux of deep value / rfv plays

Yeah so I think what’s likely happened here is Tyler Dryden is retarded - like there’s literally a lag in how he processes information etc

This chart is pretty self-explanatory. New allocators only want to hold $BTC and find ways to generative sustainable yields from the rest of the industry. That's it. $BTC has won already.

Thankfully this eth rollover isn’t usd denominated, can’t quite handle another crypto-style traumatising event

Wait they minted imaginary tokens out of thin air and rather than sell you decided to “believe in something”? Anon… I…

ETH holders fighting for their lives on CT meanwhile Aya and co clipping out $100m on kraken from Zug shit’s a movie fr

Or idk you could just get a job homie

losers of this year are those who still believed in and underwrote the tech crypto thesis which must be underpinned by consistent innovation. ETH/BTC chart is brutal not bcuz ppl suddenly realised the burn is tiny (always was), but bcuz a tech premium can no longer be justified

i liked hal. always had well thought out well written pieces and market commentary to share. no clue whats going on here but its pretty sad to see.

how to get into this gc seems like good alpha

At last the generational bottom

"For SOL to succeed ETH must succeed" Controversial statement?