In the last bear, one of the reasons @placeholdervc focused on @solana was a belief that it would be the normie-chain w/ its speed, low fees & smooth UX. That's playing out with memecoins & more.
But we've been @ethereum supporters since inception, and that hasn't changed... 🧵
This cycle, though @ethereum may lose "normie-share" to @solana (already is), the community should continue leaning into cementing the network @ the center of the Internet Financial System (IFS). The IFS will grow in relevance into the back half of this decade, onboarding even more normies than we currently see.
.@solana & others will come for the IFS too (already are), but @ethereum has a solid foundation as it's over a decade old, with brand awareness 2nd only to #Bitcoin, deep liquidity, and implementations like @base drawing corporate eyes.
People on CT showcase far too "mutually exclusive" an attitude when they approach investing -- perhaps it's a product of how social media rewards sensationalism. First it was either $BTC or $ETH. Now it's either $ETH or $SOL. Next year it will be something different 🧵
Much better imo to build a balanced portfolio where you cut losers when you realize they're losers, but then firmly hold winners and let them compound. Big winners are relatively easy to spot, and best to buy in a bear. Hence why I tell newcomers to start w/ $BTC $ETH & $SOL, and go from there.
Sure, sell some at tops to give yourself cash for bottom-feeding, but don't obsess with perfection, and instead stay generally long the big ecosystems that will keep winning. Ignore short term noise, for which X is notorious -- every ecosystem hits hiccups.
If you've been paying attention, as I know @ZoomerOracle has, you'll notice "shiny new coins" have been shining once again.
Market participants learn a lesson in one market environment, and then try to apply it to all market environments, instead of thinking critically about what works in a bull, versus what works in a bear.
The tragedy in this "momentum learning" is that we go from "bull to bear to bull to bear," and so the lessons of a bull get you rekt in a bear, while the lessons of a bear get you rekt in a bull.
One needs to layer the lessons and think critically.
1/ Still longing $TIA while haters spinelessly pile onto the downside momentum. When @CelestiaOrg recovers, it's not me that will be haunted by the thought, "Instead of jeering, I could have been buying $TIA < $5."
2/ $TIA shorts paying up to 380% annualized to be short after an 80%+ drawdown - you can't make this stuff up 😂 coinglass.com/currencies/TIA
3/ Everyone and their mother is fixated on the "big $TIA unlock" in October. Paid groups and momentum bottom trolls are drooling with delight, claiming $TIA will get crushed when the "evil VCs" are given liquidity, hence piling onto these expensive shorts token.unlocks.app/celestia