If you’re a #crypto founder, make sure to raise enough capital in the bull to last you through the bear.
Depending on the asset(s) you use to raise, make sure you have enough stable capital to last you for 3+ years come the end of 2021.
The party doesn’t last forever, and many of the quick believers we see around us now will just as quickly be skeptics in the bear.
It was hard in 2017 to see how capital could ever become scarce in #crypto, but from late 2018 to March 2020 just that happened.

Don’t get caught off guard again, humans don’t change that much.

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More from @cburniske

31 Jan
It’s the year of 21, how could the coin of 21 not make its pilgrimage to the top? #Bitcoin
For the non-believers: everything human that’s set in motion is done so first through faith.

From there, we are pattern seekers.
And while there are those who say only the coin of 21 shall rise, they forget every cryptoasset is a descendant of the coin of 21.
Read 4 tweets
27 Jan
The biggest threat to #crypto's current bull market in not crypto petering out, but another destabilization in the macro markets, maybe led by cracks in the mania of US equities:
I, too, want to believe in December 2021 being the top of this #crypto bull, just as December was the top in 2013 and 2017.
But when people get too comfortable in patterns is when those patterns change. History doesn't repeat, it rhymes.
Read 7 tweets
26 Jan
Each crypto network represents a web of people and machines, contributing their capital and labor.
You see people use Metcalfe's law here as an approximation of value, and it's directionally correct.
The narratives, then, are the things that pull the capital and labor into a network's orbit.

And then that capital and labor goes to work for the network and its service(s), pushing its rise amidst the chaos of global markets.
Read 7 tweets
25 Jan
Those expecting $ETH to bump its head against $BTC, instead watch as $ETHBTC pushes for blue skies.

If this continues, risk will go full-on.
Getting deja vu from March 2017, when all energy shifted from $BTC (ETF at the time) to $ETH.

That’s the far left yellow mark, with the right yellow mark Jan 2021.

When $ETH decides to move against $BTC in a month, it really moves 👀
And for those asking what I mean by $ETHBTC leading risk appetite in crypto, if $ETH is able to put in gains against $BTC, then every other coin believes it can do the same:
Read 4 tweets
22 Jan
I've never been so assured of #crypto's eventual pervasiveness; I've also never been so worried about the odds, and ramifications, of us mucking it up.
Classic human patterns, such as those in power prioritizing themselves above all else, will continue to invade #crypto.
As we build this new infrastructure we have to constantly ask what we're valuing, who we're empowering, and why.
Read 6 tweets
6 Jan
1/ The euphoria is intoxicating, but #crypto is in need of a pullback and consolidation if $BTC wants to reach into the $100Ks and $ETH into the mid-to-high thousands.
2/ That doesn't mean this #crypto bull market would be over, but rather a period to recharge for another wave.
3/ A useful analogy here is #crypto's bull markets are composed of a set of waves.

In the ocean, a big set can have 3-10 distinct waves that the pack tries to catch.
Read 13 tweets

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