Tobrizzle 🎩
@tobrien
I’m relatively new to crypto. Joined with artblocks early 2021. I am only now learning how cycles work fully. 🫡 - Buy in the bear - done - Farm airdrops to build capital - done - LP for yield on tokens I like - now Not sure what comes next though…banana zone/mania?
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Chris Collins
@chriscollins
If history were to repeat itself, after BTC breaks ATH then other L1s break ATH, then capital flows to higher risk assets (altcoins, NFTs, etc) and then the cycle peak is reached. This cycle is a bit different already though with meme coins taking center stage so early in the cycle
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Tobrizzle 🎩
@tobrien
Right! That makes sense. This time felt a bit premature with Sol kind of kicking it all off and I think retail has not licked their wounds enough to really want back in and there aren’t quite enough new stuff. Last cycle there were NFTs but now… memecoins? Those are just cheaper to make and trade…
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Chris Collins
@chriscollins
Yeah - my gut feeling is that memecoins are the first 'game' this cycle because of the baggage NFTs still carry among retail. Still weird that neither ETH or SOL have broken ATH yet though
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Tobrizzle 🎩
@tobrien
Your thinking makes sense to me
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