Thread by @Pentosh1

"When altseason"
It's been going on for an entire year in various form

Stars produce energy through fusion. Which creates outward pressure. Number go up. But eventually there isn't a lot left to fuse and the star forms iron. The day the star forms iron is the day death begins

It becomes endothermic, so it requires more energy then it can produce and the outward pressure starts to collapse it down. It creates heavier elements and eventually collapses on itself.

Here is fusion of iron in our market visualized. We had a ton of energy and momentum. But eventually both of those peaked. But since we have new projects daily that creates new supply. Especially with VC unlocks in 2022.

An estimate I saw says we need 500M a day of new cash just to keep prices flat for 24 hours at these prices. Thus for growth you would need the trends seen above to continue at an exponential rate in a less friendly enviroment at some pretty wild valuations.

When I see momentum in the markets change, and feel it or see it with strange price behaviors like deviation after weeks of consolidation. It's a red flag. I think the data shows us what happens with everything in life. The majority of alts in 2022 will likely have down years

It is a natural part of life's cycle. Since alt season implies seasonality, and season represents a time of year. Like fall, where the dead leafs are taken from the trees or any life cycle. It is also true here.

I just wanted to talk about stars. I like stars