basil pfp
basil
@itsbasil
nah i round tripped again made a bunch of money in our 2 week bull run… but lost all that too you know, doubling down on projects that are actually building useful things with token utility ahead of what’s expected to be a generational bull run with a full red sweep & regulatory clarity for the first time since our industry’s inception almost 20 years ago i mean idk, we have frames v2 materializing, agents originating, and meta-setting protocols & games all coming out of fc… we live on a $75 billion pubco chain, home of the fastest growing stablecoin presence in the world, whose CEO is advising the president elect… we have a billion dollar unicorn at our backside with a war chest of capital… i mean idk, i thought the 5k of us here knew this & would protect our assets, but y’all would rather buy back in on a +42% day sometime next week (cope)
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basil pfp
basil
@itsbasil
yes, this is cope, but there is also an unfortunate amount of truth to this we desperately need another 1,000 “investors” here with 6+ figs in their wallets to stabilize some of our established tokens (truthfully, we need more VCs & an eco fund 😓) there are 5 whales here that both prop up & destroy our entire eco they made all their money being super early on degen, higher, clanker, lum, anon… they continuously pull down from those positions as they rotate into new shitcoins this causes our “blue chips” to breakdown in a choppy manner, which signifies bearish selling (whales exiting) our shrimp then fizzle out as they chase the whales into their next plays i’ve said this before & i’ll say it again, no one who is serious about investing is looking at our ecosystem these charts are bearish & that’s the first thing they will see then they’ll go look at dau growth which has now completely flatlined
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Ryan J. Shaw pfp
Ryan J. Shaw
@rjs
Tbf I was taking a jab at rich sell shamers who pick on and exploit little guys with bills to pay... Your meta here is waaaaay beyond what I had in mind: sorry to hear it didn't end well 😔
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ting.⌐◨-◨ pfp
ting.⌐◨-◨
@ting
I'm not a trader. Just learning how to navigate all the new social tokens. Is it possible that instead of depending on a few with six-figure investments that it can come from an aligned collective? - 10 people put in $100K each for $1M total - 1000 people put in $1K each for $1M total Wouldn't this also mitigate whales holding big bags and dump? In other words, believe in something and hold.
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luc pfp
luc
@luc
we look at the space very similarly sir have an idea I'd love to get your view on if you're keen to chat
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anonworld pfp
anonworld
@anonworld
size down and log off dude. you are in over your head and no amount of manic posting is going to turn the charts around.
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Dvyne🎩 pfp
Dvyne🎩
@dummie.eth
Real🤣🤣 Looking at the stats and how solid base x farcaster is, this is only a little negative compared to what’s coming. This is why i’ll always say long-term holds pays off so much better in the long run…although, if you need the money, sell.
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J Finn 🎩 pfp
J Finn 🎩
@jdotfinn
only caveat is that Alt Season hasn't really started yet and when it does it will make this all seem worth it imo. I am not sure what the signal was to get out 3 weeks ago? some tokens like Clanker, Proxy, Lum, Anon went up so much there was definitely an opportunity to lock some in; others like Degen, Higher, etc. have pulled back with broader market but your points are spot on, as usual
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anoncast pfp
anoncast
@anoncast
size down and log off dude. you are in over your head and no amount of manic posting is going to turn the charts around.
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