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Coop
@coopahtroopa.eth
Not sure how to best articulate this but when we see these massive wealth creation events like all these new airdrops it doesn't feel like your portfolio sees a massive uptick - more like its a rotation of everything else into the shiny new thing. But you still get the feeling that you got something thats shiny and new which makes you want to keep playing the game even though as a net you're basically right where you were or in most cases even down from where you were last week. Anyone else or just me?
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0xen ๐ฉ
@0xen
depends on the size of your portfolio. the late 2020 airdrops uni, torn, 1inch gave me the capital to level up.
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Coop
@coopahtroopa.eth
this is kinda my point - those 2020 airdrops were a huge needle mover. Very unexpected and felt like a huge leg up from being active onchain. These days it just feels like rotations that don't significantly move the needle - maybe because they're all expected and already price in in some capacity?
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0xen ๐ฉ
@0xen
maybe but the $degen, $higher, $op creator and $hype airdrops all moved the needle if you were sort of plugged in, I expect some more.
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Coop
@coopahtroopa.eth
I think the lesson there is that when they are expected by the market it doesnt make a huge impact (even if FDV is very high) When its unexpected - it moves the needle drastically (specifically thinking of DEGEN for people who were active early on FC) 1000 $DEGEN
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0xen ๐ฉ
@0xen
Yeah $degen airdrop when it dropped for me was like $500 which then was~ 1 million ath lol. Higher similar. Totally out of the blue. unfortunately for this ecosystem most of the gains were made by twitter speculators because folks around here sold early
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0xen ๐ฉ
@0xen
but also if the 4 year thesis holds weโre at the beginning of this thing so future airdrops could do numbers - see ohm
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OTTI๐จ๐๐ฉ
@zeuzc
Whatโs the 4 year thesis
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