alex
@proxystudio.eth
zinger, wake, basil are some of a few fc users that seem to really build and stand by long term positions as traders think that farcaster is on average more dump-y than the twitter trenches, not sure what explains that or if its even a reality (could just be my perception)
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yerbearserker.base.eth 🧉🎯
@yerbearserker
It's def dumpy rn. I think it's the overall climate that is leading to the very very mercenary activity around tokens onchain around these parts. Feels like many people with smaller funds looking to overextend in super speculative ways looking to get homeruns, who will very quickly take profit/take out loss, and try to find the next greenest pasture. Can see that fast/major rotation between asset types (Clankers > Virtuals > etc), and how that fast move in/out is currently bypassing a lot of the more mid-longer term building elements. I think that, until there's more onboarding with fresh users and fresh funds, the behaviour is likely to continue in terms of the audience that is allocating the funds
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alex
@proxystudio.eth
agreed on the solution - new users also to be real we're seeing lots of authentic people building really strong communities around coins whats been most surprising to me hasn't been dumping: its been people starting to rally around people doing cool shit even as its gotten more crowded
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yerbearserker.base.eth 🧉🎯
@yerbearserker
Beautifully said and yes. The launch is the spark/inception, and then we'll see what is done/how things move forward, get built upon, etc. People chase the free lunches, but also more deeply would love to find that long term home cooked meal lol Speaking of which... I'm goign to get back to cookin
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alex
@proxystudio.eth
looking forward to your meal yerbearserker
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