I'm fascinated by the $ZK airdrop.
The zkSync team got about 80% of the airdrop.
But there are still 3 more airdrop left in my airdrop plan.
A 🧵 about the upcoming BIGGEST airdrop in 2024
You waited 10 years for an ETF. 5 years for positive crypto legislation. 3 years for Gensler to get canned. And now that all of these are in reach, you want to exit the market NOW? Ser, altcoin season is coming. The real fun hasn't even started yet.
Part of the reason there’s so much disagreement regarding where we are cyclically is because returns have been so unevenly distributed
Additionally, a lot of previous cycle signposts have been absent and/or entirely invalid
1. The conventional ‘risk curve’ trade of BTC —> ETH —> large caps —> mid caps —> shitters has been unprofitable. Barbell portfolio of BTC + memes has dominated.
2. ETH/BTC has been remarkably weak, whereas historically it has benefitted from a risk on environment. This has also spilled over into ETH L1+L2 proxy trades being suboptimal. ‘Crypto as a casino’ thesis has been captured by memecoins on SOL (vs previous cycle’s casino was NFTs on ETH).
3. Memecoins have been consistently leading and rotating from that sector has been costly, whereas memes pumping has historically been an indicator of being late in the cycle.
4. BTC hasn’t offered a series of previously ‘standard’ bull market pullbacks of 30-40%. This has created a bunch of early sellers/sidelined traders. Also led to proliferation of left-truncated cycle discourse, shorter cycle, super cycle, and other heterodox variants.
5. There are so many new tokens (amplified by memecoins) that “crypto bull market” no longer means “everything that’s listed goes up for weeks/months” - the rising tide has not lifted all boats and there are very clear winners vs losers (and they’ve broadly stayed the same, no massive rotations e.g. ETH eco/L1+L2 trade been weak relative to SOL for ages, with exceptions).
Taking all this into account, it’s entirely plausible that you have Trader A who rode BTC, SOL, and memes and feels like stuff is hot and needs to cool off, whereas Trader B has barely made any money and feels like stuff hasn’t even picked up yet, and everything in between.
We all have different portfolios, trading styles, time horizons, risk appetite, volatility tolerance, and a bunch of other stuff.
Most of crypto Twitter thinks crypto will go up and to the right over time, we just disagree about the fine print.
Be kind, chill out 🫡
“What do you do?”
“I’m a professional cryptocurrency trader.”
“What do you think of the market?”
“A cartoon duck is bearish memes and flipped his profile pic upside down, which he famously did in 2018 when he crushed the bear market. But Ansem, future Mayor of New York City, is fervently disagreeing. We’re running out of GCR permutations based on ethnicity so now we’ve called the cartoon Duck ‘Gay GCR’, named after the bird dude who has one of the best public track records and long-term predictions. Most people seem to think the cartoon duck is washed and are dunking on his takes based on meme outperformance relative to other sectors, but the confidence of the reply guys is worrying some traders as the very idea of the meme cycle topping is a prima facie non-starter for them. The WIF 1-second chart is a war zone. Also, Raoul Pal just came up with his fifteenth version of some macro liquidity thing called the banana zone and Huss is using the Saudi sovereign wealth fund to long ETH. So the market is trying to price upside down cartoon duck and militant reply guys versus memecoin strength, Ansem, and the banana zone.”
Important TA rules:
1. Thicker lines = thicker bids/asks at your level.
2. If your line is broken, just redraw it slightly higher or lower. The market can't stop you.
3. If there's a candle close that makes your position look bad, change time frames to one that hasn't closed.
I never use limit orders
I don't want to be passive and get filled by a woman crossing the spread
It gives people a sense of hierarchy. Beautiful underwear is Berish's best 💗, the material is soft, and the absorption capacity is very good even if you sweat when exercising. 💕 I also recommend it to women who exercise frequently like me.
