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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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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basil
@itsbasil
it’s a beautiful sentiment but finding 1,000 people willing to buy & hold $1k worth of fc coins while whales blatantly rotate on them isn’t possible that 1k is worth 800 one day later… they’re still gonna hold? those 1,000 people will just go elsewhere, where there is more people, more liquidity, more distribution, more opportunity, etc. the cost to hold here when our charts are fizzling out is just not worth it for anyone looking in from the outside they don’t care about a multi year horizon… what matters is the here & now if history has taught us anything, it’s that a single viral project won’t bring sustainable user growth in any meaningful way even on a green day, it’s our +20 compared to their +40 so it doesn’t really matter what “could be” or what we “believe will happen” here over next few years it has to come from the top & it has to come now they have to give us a reason to be here we need votes of confidence from names that carry weight & perk ears
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ting.⌐◨-◨
@ting
I'm in that $1K dropped to $100 one day later group, but I'm still holding. I keep thinking if it's a perception issue. Whether you call it a meme coin, culture coin, DAO/governance/protocol token, etc., it's a ERC-20. If we treat them as fleeting memes, then the market will keep jumping to the next hot thing. I get the reality. Just feel that these tokens are more powerful than people realize.
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basil
@itsbasil
it’s a distribution issue at its core. there just needs to be more of us here. people will buy a steaming pile of poop if they suspect it will be worth more tomorrow. that’s the case with sol. we’re jus being ignored right now (for the third time) & need to do something about that
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