Kook dunno about the cook
the environment right now is the exact same as
- the end of icos
- the end of defi
- the end of nfts
we have 57 different meme launchpads across chains
there are more meme launchpads than meme buyers
there hasn't been an original meme idea for months
every launchpad's flagship coin is a cheap derivative of fartcoin
laughably ridiculous
does this remind you of when there were 75,000 pancake swap derivatives????? it should
does this remind you of when there were 9,000 nft marketplaces???? it should
does this remind you of how every chain's top nft collection is a crypto punks deriv????? it should
the writing is on the wall
your best play is to dca the winners if you must do something
the winners are always very obvious and easy to spot - what has the most derivatives?????
whatever has the most derivatives is the winner, case closed
that's a universal constant in crypto
dca bitcoin dca fartcoin pick another winner if you like
the creativity drought won't last forever but it really does seem like the story for the rest of the cycle is just majors + treasury cos
which tokens will benefit most from treasury cos?????
imo eth is kinda cooked and most tradfi boomers will get rekt chasing, i'd rather just buy bitcoin
and looking farther down the risk curve you can see hype treasury companies springing up - much better r/r than eth
what you definitely should not do is chase the 7510482th fartcoin derivative
unless you have cabal scammer inside info
crime is the only indicator that a meme will send now, simple facts
that's fine but yeah i think the best decision for the most people is exercise some patience, build a solid base of majors by dcaing, and wait
being early to the next meta will pay off big time
none of the people or protocols pressing memes hard now have any vision
these guys all launched their pump fun clones a year late and their flagship coins are cheap derivs 😂😭
you can bet they won't be first to the next thing
evaluate your network, evaluate where you place your attention
being early to the next exponential wealth generation meta is your goal now
that and accumulating bitcoin
or acting on insider info if you have it
i've largely stepped away, haven't made a trade in weeks, no point
chip away at the dca program that's it
all the smart people are in the same position
that's my advice for now
good luck
- kook
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