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https://warpcast.com/~/channel/brypto
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six
@six
few reasons to be bullish on bitcoin here: - generally, markets bottom on recession *fears* <-- we are at def at recession fears, unclear if bottom though - imo more potential for good news (on tariffs there's negotiations, walkbacks etc, but also general non-tariff good news) that the market is offsides for, whereas it is mostly already pricing in the close-to-worst-case doom and gloom trade war recession scenario - btc decoupling from risk assets is positive for it functioning as digital gold during uncertainty periods -- simply look at gold chart and the stronger btc gets against risk, the stronger it fulfills this narrative, and mkt will believe it is mispriced relative to gold etc. - random bottom signals (irl friends talking about market tanking, all over the timeline etc. -- equivalent of the tim walz clip a couple weeks ago) obv could be way off but believe this is nonconsensus so the asymmetry is there
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YB
@yb
based on this where do you stand on eth and sol? or are you in btc-stable barbell strategy camp
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six
@six
yea im in that camp
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YB
@yb
can you elaborate why?
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six
@six
im bearish ALTBTC over long term bc i dont believe value will accrue to the L1 tokens, so it doesn't make sense to hold the L1 tokens over BTC i would be down to hold such tokens for an intracycle trade but not as like an actual investment - i don't see that trade opportunity rn though https://warpcast.com/six/0xd21f7958
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YB
@yb
got it. so really eth and sol would only be in your portfolio if it's more of a means to get into new metas and low marketcap trades. but when meta finishes, rotate back to btc-stables?
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six
@six
yea basically, but also jsut if there is reason to believe medium-term alt outperformance, then it makes sense like it was the right call to hold SOL from 2023 to jan 2025, i'd like to take advantage of opportunities like that if i see them, but i wouldn't just hold them for the sake of holding them in the way i would btc
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YB
@yb
is there an asset you think over corrected recently and is under priced? maybe not to the level of sol in jan '23 but that same kinda vibe guessing not or else you may have mentioned it. so maybe the better question is how you're keeping an eye out for the opps where assets are severely underpriced?
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six
@six
HYPE/FARTCOIN are the two assets i think would outperform if we get a period of risk-on again outside of btc
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