TAX PLANNING (pls RT)
-Many discussing sell timing for tax planning as we get to EOY/ETF
-a good way to defray tax burden is by charitable giving
-ask your CPA!
-more importantly, give back and RT - TY
study depression super cycle as your chances of making it in crypto get smaller and smaller as returns compress and retail flows continue to disappointment
9to5io
@innercitypress
Cohen: Was Solana a centralized coin?
Ellison: Yes, it was a VC blockchain that we could turn on and off at will.
Cohen: did you ever need to turn it off?
Ellison: yes, to liquidate users who were long.
Cohen: who turned it off?
A: FTX developers
you can see ppl getting more arrogant in real time here as they accumulate a modicum of wealth here
"oh you aren't in xyz that's part of narrative A / narrative B / narrative C"
"its' going up why aren't you in"
especially among the smaller accts
CT idiots getting farmed for engagement by Day in the Life of a 28 yr old
Dude is clearly married, fit, has a dog, wife with some design and fashion sense, and able to psyop you easily
Maybe you're just subconsciously jealous because you're an unprofitable fuck up?
TIA is the de facto ATOM coin
there was a time I thought that ATOM was a legit competitor to ETH
If not outright better than ETH
But I learned a hard lesson about tokenomics
Now there's finally a proxy coin for that ecosystem -- wonder what happens
SOME RANDOM THOTS
-BTC <$28K never again
-Q1 chop thesis tentatively still on track
-rates saying equities higher but stonks weird innit
-biotech stonks interest me deeply rn
-ETH $3K-$3.2K seems too obvious in interim
-Q2 should be bananas
-crypto equities done for a bit
this is almost everyone's make it portfolio
my issue is that narrative "alpha" if you even want to call it that is rapidly deteriorating
and implies that public returns for privates (unlaunched L1s / L2s or airdrops) will in turn compress even further
in few weeks we're gana have top people in this space speak about DOGE BONK PEPE WIF on Bloomberg / CNBC / CNN and we'd be going up like 100% daily with unprecedented media coverage only dwarfed by EOY 2021 bubble
I honestly think just buying 7-9 good bags here, maybe less, and walking away will have you outperform by YE vs doing any rotation trading, alt perps, shitcoining, etc
Nice -- can someone tell me when all the unlocks start for each of these?
FDV’s of current cycle airdropped coins
$STRK = $19.4B
$SUI = $17.8B
$APT = $16.6B
$JUP = $15.7B
$W = $15B+
$TIA = $12.8B
$ENA = $10.9B
DYM
-ppl thing it's a run it back kind of thing like TIA
-lots of threads, staking, interest in DYM
-"going to 10x"
-as a thought exercise I can see this happening, but driven by diff entry conditions than TIA
-however, think that probability is far lower
-musing for later
It is with a heavy heart I announce the sale of my long term bag, TAO (Bittensor). Most of my early followers know me as this bag from $40. My kids know me as this bag. I met my wife when I WAS this bag and had my first kid when I was still proudly wore this bag.
By extension,
I think it's honestly hilarious that we have a literal billionaire on the TL telling us what he's going to do, doing it, and then laughing at us as he does it
ALTS
-not a good mkt to trade for most
-Q1 chop playing out to a T
-easy conditions to lose money
-situational trades abound (jup, zeta)
-many seemingly hard to hold trades (pendle)
-AI continues to be under-appreciated imo (tao)
-wish I was trading it better (i.e. sit on hands)
OK -- remember the CT ppl crying last year about how Sam's donations and whatever would protect him from:
-being arrested (it didn't)
-indictment (it didn't)
-going to trial (it didn't)
-guilty verdict (it didn't)
then remember how many made it about politics -- fade those ppl
every single "real" image, video, audio clip will need provenance stamped on it, authenticated at hardware level, tied to some chain, and secured by 1T worth of validators verifying reality
by implication text is useless and value will approach zero
people be like, you guys just joke about being mentally ill and then I say there's like this guy called rhino who talks about his balls tingling when he trades and so now I'm like to see when my balls tingle as well when I stare and charts and like I think it's working so yeah
maybe I do at least 2-3 charts / day?
RLB
-buy + burn compounder
-feels like the right asset to gauge mkt health
-for good reason, degen flows don't drive BTC / ETH now vs. idiosyncratic ETF catalyst
-however, larger whales can still shift size into it
happy halving for all the homies who didn't make it to this one
the ones that disappeared, burnt out, got drained, got liquidated, and most unfortunately those who are no longer with us after the last two years (😔)
wish you were here with us -- going to miss you at the top
>degods reverse migration
>capo starts to 'long' so he can short higher
>bonk CB giga nuke
my journal today says -- if you laid awake in bed for 2-3 hours this morning feeling that apprehensive and bearmode, probably nuke more coins off
You're down ~50% portfolio value from your March / April highs
What's your play to make it all back + 3x your old port highs?
*assume $1M ($100K too small / too much variability)
POLLS
-this is the highest reading for $5M+ I have ever marked
-going back to I believe late 2020/early 2021 across multiple iterations of this poll
-higher than all the 2021 mania polls
-JFC you animals
You start today with $500K to invest / trade in crypto.
What is your realistic target for yourself by the end of the POTENTIAL ETF / HALVING BUBBLE based on the mkt today (and how do you get there)?
in 3 months we're gana have top people in this space speak about BTC spot ETF on Bloomberg / CNBC / CNN and we'd be going up like 20% daily with unprecedented media coverage
STEPPING BACK
-BTC: hardest/lindy; institutionally accepted; going to replace gold for C(uck)FA allocaters
-ETH: wants to become THE layer for all RWA / cryptoeurodollars + 'legitimate' settlement for digital economy; ETF
-SOL: degen chain
#1
- trenches
do I have that right?
I'd argue you throw out the whole chart from here
The cycle is completely different with an ETF wrapper around BTC leashing it to trad mkts completely
Past cycles are irrelevant
Now that I'm rich again, I'm free.
I already quit this site in fucking March 2022, when I made millions. Never planned to come back, only lurk on an alt and do a few swing trades. It's hard for me to even put into words how disgusting and pathetic "CT" is.
Crypto is a pathetic
SOL
-in the last 1.5 years, this signal has fired several times
-in particular, it has high hit rate since start of major up trend
-however, it is NOT a solid signal to ape into during a bear, chop market
so -- what mkt regime are we in?
there's traders who have been around for multiple cycles who play the same bread and butter trade over and over in their style; notice this stuff over and over, e.g. INJ
@TheCryptoDog
bull flag / wedge breaking up
@CryptoKaleo
down trend diag break into long entry
food for thot