six on Warpcast

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“Years in crypto” is an interesting metric. On one hand you’ve seen a lot of things before and you develop an intuition for the nature of the industry, you’re hardened by experience and multiple cycles On the other hand you might miss stuff and be too rooted in the past to be on top of new developments/structural changes From an investing standpoint though I think OGs end up outperforming over long time horizons. Just stacking Bitcoin over decades long time frame will have you outperforming 90% of market participants.

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We are currently in the part of the cycle where many people are up massive percentages on Phantom Screenshot Gains. Most of these people will give it all back. This game is only worth playing if you’re able to extract your gains into BTC or USD

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People that spent actual "Years in crypto" are rarely "rooted in the past". Trendy things are just different flavor of the same metagame with same incentive structure behind it. 2020 Defi summer yield farming and some food coins, then came BTC dominance run, revival of some blue chip defis like AAVE, first NFT run, some on chain crap run, alt L1 run, second NFT season now with Opensea and BAYC leading it, after L1 game cooled down then came ecosystem plays, like BSC season, AVAX season, metaverse crap etc. etc. 2017 Cycle could also be summarized in similar manner. It's basically a hot ball of money rotating between segments, and all these segments have self destructive incentive structure. 2023-4 too. Folks with actual experience will always identify shifts between narratives better than others do. And it goes without saying certain market phenomena repeat themselves almost identically. OGs usually do poorly when they lose motivation and get sloppy

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