0xkyle__

i, for one, am very happy that the crypto style of trading is moving to stocks

"oh crcl is overvalued -> coin beta"

this bodes well for the future of trading

the new meta in crypto is that 20% of tokens will make 80% of gains

more accurately, 1% of tokens will make 99% of gains

the bad news is that if youre incapable of handling volatility and have risk limits you will likely underperform

this isnt an insult, its just a mathematical fact that as less tokens do well, u just have to have more concentrated positions

power law or smth

pro tip: just because *big event in the direction you like* is happening, does not mean it is the inflection point

e.g - "lots of people talkin bout equities, top" - that's not how tops form

likewise, "no one talkin bout crypto, bottom" - see ETHBTC ; no one talks about ETH!

maybe we get a bybit ipo or smth

tbh when u look at some of these valuations it's pretty obvious why crypto alts behave the way they do

Blackrock: 152b
ETH: 290b

Airbnb: 80b
SOL: 76b

Jollibee: 4.4b
PEPE: 4b

Jetblue: 1.4b
ARB: 1.4b

i'd say crypto is a success at making magic money real tho

my take is that if you're in crypto and looking at crypto equities, start thinking about the lines in which tradfi can use crypto that isn't explored / fully well understood

because clearly the world doesn't understand circle whereas we understand it abit TOO WELL and got too fundamental

the most obvious lines are
- stablecoins
- tokenised equities
- perps
- and maybe DeFi

to be very honest, many PRODUCTS of crypto are good. their TOKENS, however, are not. In fact, i think that if a defi protocol (that's big) ever decides to IPO, i think it can run it up alot, vs their token

as such, for tokens, i think the list is short, and imo the one i like the most is HYPE

and then for stocks, you have
CRCL / HOOD / COIN

if anyone has any ideas, let's jam

btw can someone tell me why for 4 years no one built tokenised equities after Mirror, and then suddenly everyone's building it now?

do you still believe in alt szn

why is no one talking about the fact that:

- you can now trade oil and commodities on bybit
- you can trade stocks on bybit
- bybit also launched a dex on Solana

??

yooo this shit is DOPE tysm @AchillesKicks - if yall want something similar, can dm him! 10/10 great work tbh

gonna be repping @Azuki everywhere

now i need a pudgy one 😭

on one hand i believe that THIS crowded trade doesnt adversely impact itself in the long term because the TAM is much larger + ability to attract buyers from tradfi due to good fundamentals

on the other, i dont like how everyone is rushing to btd

lower than higher mebbe

HYPE is the one coin that you can trade on sentiment easily - sell at ATHs and everyone was euphoric, long when the fud starts coming out (we are here)

anyways i did some thinking about where the next leg up will come from and i believe it comes from HYPE becoming a decentralized binance

- HYPE started as a perp dex, yes
- it also makes all its money from perp dexes
- but its vision is never a perp dex. in a way it's more like a CEX but decentralized (not calling it a DEX bc people will think i'm talking about AMMs)
- PENGU is on HYPE spot (though it can't be traded yet) ; i think we're gonna see more of this where projects truly treat HYPE as a place to launch their tokens
- why? because the binance cabal is truly getting insanely out of hand ; if i was a project and had to choose between giving up >5% of supply to get listed, vs potentially listing on Hyperliquid and taking a risk, it's clear which one makes more sense
- go see the charts of all the new launches on binance lol. vs a platform with not as much users, and not as much volume - sure it might go down only, but on binance it's literally confirmed to go down only ; at least on hyperliquid u stand a chance

anyways this will likely take a while. in the short term it's dominated by flows and unfortunately
- everyone is in this coin
- means reflexivity is insane to both the downside and upside
- if this shit launched in 2021 we'd be at 500 or some shit right now. unfortunately we are succumb to broader market influences, which basically means that the upside from here is not as large as it used to be until the building catches up due to the crypto market just being very dry right now

overall think this is the one token u always want to hold bc this guy is maximally aligned w the crypto ethos and is someone i'd trust to build whatever he's building

the crypto market in its current state consists of a couple of assets that go 4x, and if you miss it you basically afk for the rest of the year

there are alot of statements people like to use that i dont really understand

for example "do u wanna be right or make money"

well i would like to be both, i would like my trade ideas to be right and thus make money... that is the essence no?

> be me, crypto degen
> open tradingview
> sees green, so happy
> realise im looking at stock watchlist
> click on crypto watchlist
> all red
> this has been happening for 1 month

> price ath
> no fud
> price goes down a little
> fud starts coming out

never change

the only regret i have whenever i find a really good trade is not having more money to put in it

lesson in there

Your biggest risk is being underallocated to the industry you log in to every day because you know too much about the pros & the cons which make you unable to press the green button when it matters

if its good enough to screenshot...

joyful june (but in crypto stocks)

interesting how CRWV is up 4x from IPOs when everyone on this app was mad dunking on it during IPO