This is for pure comedy. I am not professional. Not financial advice, pure fun.
99% of these are pure scams with zero real-world application, but they are here to stay. Like it, love it, or hate it, I will trade whatever if there is an opportunity. Here is my stupid Bitcoin strategy: I try to get as much Bitcoin as I can.
It is amazing how this kind of casino developed around Bitcoin.
The allure in shitcoins isn't in their potential to change the world but in their volatility, which presents a beautiful playground for gamblers.
I don't think anyone should participate. Please don’t gamble your Bitcoins; you deserve to lose them if you do.
Bitcoiners are a different breed from these peak fiat-crypto gurus.
Many will be lured to the casino as crypto X boasts quick wins and the best scams to make money. You will get fucked.
What was the best trade this year? Just buy Bitcoin and not swap it to shitcoins when CT was screaming it is alt season.
Even though these are 99% shit, they can be fun! Also, they are one of the best on boarders to Bitcoin. I think we got plenty of good Bitcoiners out of the last cycle who were 100% on altcoins and yelling that Bitcoin is for idiots. Some of the shitcoiners are very prone to be orange-pilled, and many of them will learn the hard way.
Everybody is trying to turn 50 dollars to 2 million in two weeks…
My tips to survive.
Get in your head that these are fucking utter garbage; if you marry your bag, you are done.
If it's a PVP market, don’t try to abuse the “idiotism.” The crypto degens have become extremely savvy and ruthless, and it is very hard to compete against them. If it's a PVE market where everything pumps, then it's time to gamble.
They outwork you; they do this 24/7 and have done it for years.
I am amused by how sophisticated some of them are with their tools and strategies.
Always think about whose bags you are buying.
What are you trying to achieve with shitcoining? Make more Bitcoin? More shitcoins or just dollars? Usually, you lose against what you are trying to do. I had make-it bags of BNB last cycle, and in the end, I had only ten left, which I yeeted at the bottom (still up 10x but man…)
Every time, it is different: meme-coins,games,defi, AI-COINS, MEME-politician coins. WTF, how do you keep up? Live and breathe the shit, become shit, think like shit, become shit. You have to be shit 24/7 to keep up, be in discord,telegrams etc 24/7, have alerts… Ziizuz.
You are the exit liquidity.
My ideas:
1. Coinbase stock. From my 2024 prediction:
Coinbase will be my play to get exposure.
It is far from dying, and you have to respect that. Crypto is not going away. Like it, love or hate it. People want to speculate and gamble in the future.
Coinbase might offer a good value capture through the whole “crypto industry”, not just Bitcoin or the biggest shitcoins. Good exposure beyond Bitcoin.
Less competition, FTX (Was the biggest scam), Binance (struggling)
What businesses are left in crypto that can service Institutions at the moment?
The enormous opportunity for Coinbase to grow the bottom line is their blockchain (BASE) and Stablecoins, USDC.
Huge opportunity also to offshore and enter the perpetual market?
— The most significant risk is that 90% of revenue comes from the US.
— Regulatory threat still looms over COIN.
— It is a pretty shitty company, after all, but does it even matter nowadays? It is the “industry” leader ATM. It might even become a “meme stock” or whatever. Who knows?
Coinbase is also holding plenty of shitcoins and investing in them through their venture fund.
Target 300-500$
2. Solana
Solana is the best L1 at the moment. It’s the most fun to use and has the best wallet.
It has already run super hard, but fuck it. It’s crypto, and you need to dream bigger. The dreaming part has not yet started, it is just meme-coins now. “It will revolutionize finance,” “The future of finance,” and All that shit we have heard, you need to dream!
Was Solana fundamentally good trade in the “bear” (accumulate bags 8-20$)?
All bridges were rugged.
All defi rugged.
FTX rugged the majority of the “projects”.
TVL is down from 10bn to 200million - token -95% from the tops. Classic crypto.
Chain down once a month…
It looked like utter garbage.
—> It is always the same it’s the “future of finance” or utter garbage. “What's the value?” is the wrong question; it's hard for the majority even to grasp the value proposition of Bitcoin. Can it pump? Yes! Fuck yeah! This is all we need!
If you were able to dream, then fuck yeah! 99% of dreams and hopes end up in nightmares… GZ to all dreamers on this one!
+ Still early? +900% is nothing yet. Retail is still betting on just memes. Will they smarten up?
+ Solana is the retail chain of the cycle, the best memes, the best wallets, and the best user experience.
+ You can have multiple narratives compared to, for example, Ethereum. You can dream big! AI entities engage in complex dialogues and transactions, crafting their economies on the Solana? Everything is technically possible on Solana, which is good for building dreams.
+ They have great new “projects” like Render and Helium on the chain.
The play will eventually turn to small low caps on Solana, so there might be an opportunity here.
- It is a retail chain with memes, so it will eventually crash hard when winter comes.
Target + 300$ We want the new ATH!
Easiest play, and no need to shitcoin 24/7. If you go further down to the shithole, you need to spend all your time there…
Ideas and themes for the cycle:
Well, I just shilled with Coinbase and Solana. I own a little bit of both of them. That’s the game in shitcoins - everybody shills to get rid of their bags… 99% end up losing money on this. A small percentage will drive to sunset.
I will be sidelined and be Midcurve Max this time.
What will be the next narrative? AI,Games,MEMES,RWA, DePIN,BRC20. It is wild. Who knows? You have to be 24/7 on this shit otherwise, don’t bother.
Will it even flow from Bitcoin to shit this time since the ETF’s? Retail also seems to go straight to MEMEs and don’t bother pretending to be smart and accumulate some L1s or some innovative “projects.” Quickly must make 50 bucks to two million. This is the sentiment now. What happens when MEME coins top out?
I still have an itch in my ass that these memes will fly even more.
It is all about human psychology. This is a highway and cheat code to learn the basics of behavioral trading.
HYPE —> GREED —> FOMO —> FEAR —> IT’S OVER
You want to buy the “It’s over” winter and sell it when all the influencers are on the bandwagon and building dreams, the poor lads FOMOing. Against all common sense. That’s why it is so hard to make money on these. I have bought the tops, held to zero, and fumbled my bags too early (bags that would have been millions).
Indeed, if we had the power to rewind just one week, everyone in the crypto world would be billionaires.
Everybody is asking the wrong questions: why do we have this Wild West?
Why's everyone so obsessed with figuring out the wrong things, asking, “Why this, why that?” when, really, it's all a mess? The stock market? It is an even bigger circus but with fancier tents. So, why do we act surprised? Everything's a gamble. Everything's crazy. That's the game.
One last warning: Don’t gamble your Bitcoins on these.
Bitcoin is still cheap. Everything else is just shit.
Good luck,
Sourcers and good shit if you decide to shitcoin.
https://www.epsilontheory.com/financial-nihilism/