proxy studio

no matter how fun, huge pnl with very low entry cost is not free money

someone is losing, or rather someone is paying for early participants to win

someone always pays for large gainz, markets are markets

best thing to learn is how to apply time & attention to understanding these markets, if you dont have a lot of capital then capital can't be your primary tool in making money

Crypto is skill-based and a small, small group has the lionshare of the skillbase. If you're just a dumb trader like me, you're just throwing actual money away.

Degenerate, professional mid-curver, wasting my time at a chain near you

airdrops are typically funded by two things: investors, who provide capital that enables people to work, build stuff that generates revenue, and in some cases that $ just goes directly into the LP 

speculative demand provides much of the liquidity that enables people to exit

for coins deployed by clanker, yapster, etc speculative demand provides the liquidity 

its been an interesting dynamic for us on Base where our users are actually clamoring for utility, not memes. in spite of this, we also have seen a few of the larger pure memes perform very well. We are all learning a lot

Yep, there is no WAGMI with trading, even airdrops are first funded by initial LP, and those who buy it later are paying into the pot. Only nation states are allowed to create money out of nothing

Building @basketdotfarm on @base -- an onchain index creator. Supporting @percs.

Chaotic "Sufficiently Decentralised" Network Participant

/clankfuntrades

yes, its part of why we see similar product cycles repeat themselves and part of why I think focusing on longevity is just much more interesting (personally)

short term trading certainly can be, but would you say that investing is over longer time frames?

Does this explain the recent partnership with G8clanker and where it went? Or just a generalization explaining that someone is always going to get the short end of the stick?

people forget how market works lol

you get 10$ - someone loses 10$

true wealth isn't zero sum. real innovation creates, ponzis redistribute. wisdom is knowing the difference ☁️

zinger made more money selling $clanker than jack did building clanker, to date 

I think that flips over time but theres a lesson there

To some extent to win at this game you must be slightly sociopathic

Important to remember that most traders in all markets lose money. If you make any money more than you lose, you're already ahead of most participants. One big win can get to our heads and make it seem like we can keep doing it. That's why they call it the winners curse phase at the cycle peak. People get a win then think they can do it again and go full risk-on, get rekt, and a new "cursed winner" is born.