smileycapital

notion about my future/current positioning, risk-profile, exposure and most importantly [for readers] - my posts, considering things have changed a bit for me;

I no longer have to chase the next 100x or even 10x - I understand a lot of you likely do - and that's ok

trades, that I almost never even post anymore - I'm fine with booking 10-25%

longer term positioning - I'm fine with a 50-200%

I'm perfectly fine missing out on a move - my life expenses are taken care of for quite some time to say the least - I don't NEED to make money from the markets every month or quarter

what I'm NOT comfortable with, is losing up to 25-50% with size

to reiterate - I'm no longer the 2022-2023 Smiley that has the catch every move, short every top, long every bottom, rotate to every narrative on the timeline

I'm way more defensive now as I understand that's the best way to reach the next level in my journey - due to that, my risk-profile likely differs from average market participant - average reader of my posts

thanks for understanding and have a wonderful week ahead

you thought we were gonna blast to 200k during illiquid summer after 3 months of up-only?

patience will pay tenfold here

time spent rejuvenating your mind is time spent well

time spent slightly observing markets, researching coins, looking for outliers and early performers - is also time spent well

don't chop yourself, unless you're a godlike scalper

enjoy summer

y'all need to know when to put the foot off the gas or whatever the saying is idk

alts are going down until further notice

when I yelled at 75k that it was bottom, most ppl ignored because of tariffs or w/e was relevant back then

now when I went defensive, secured profits, likely around their entries - they attack me personally

some of you depend way too much on CT anons

disappointing look.

highly unlikely bull is over [<5%], personally just went defensive as I sniped 75k, next play for me is either/or/and;

- Iran resolution
- Data pointing to Fed cut
- BTC firm ~110k break

I understand the frustration of many that were unable to buy 75k and/or in wrong coins

skill issue.

alts look so trash that if BTC doesn't pull everything upwards in the next week we're very likely getting 2024 summer chop

maybe that was it for now, very underwhelming we only went from 75-110k, you practically had to snipe the bottom with me or you made no money

observing

my Ethereum/Solana post might've been misconstrued as 'anti-Solana' or 'anti-casino';

don't get me wrong - we're all gamblers here one way or another

I was referring to quality products and institutional adoption Ethereum provides - simply put, how +EV it is for the crypto industry - more than Solana

I like Solana, I use Solana - to be completely transparent, this cycle I've made more money on Solana chain than on Ethereum - and I don't think that's going to change anytime soon - casino flywheel in full effect

Solana isn't going anywhere, most of it is +EV for the industry - I just don't see a world where she replaces or even rivals ETH when it comes to impact on global crypto adoption

Solana shouldn't be 'Ethereum killer' - if not for the blatantly obvious reason that she would miserably fail at that, then for the glaringly obvious, simplistic reason that they inherently differ as ecosystems

Ethereum is a digital real-estate, a digital 'land' to build on, our chance at digital industrialization, complete adoption

Solana should aim for your average user experience, scalability and ease-of-access to the global digital casino where little Timmies of the world can hypergamble their way out of rats race

I believe anyone comparing the two is already using the wrong approach from the get-go - and that was the entire point of the post

apples and oranges - and I believe it should stay that way

I used to prefer Solana over Ethereum, as the 'shiny new toy' concept paired with simplicity, speed, convenience and basically free TXs - seemed +EV for crypto as a whole.

I wouldn't say my stance shifted entirely, but I'm beginning to understand real adoption, improvement, institutionalization, use-case and quality fundamentally sound products are all being built on Ethereum.

Solana has turned from a fun new concept to a glorified casino - Las Vegas of crypto sphere. ~1% make money, ~99% end up broke, retarded and with an STD.

real products are on EVM and I don't think anything ever changes that.

this is not a hate post against Solana - its usage is very clearly defined, albeit constrained by perpetual diminishing quality of crypto 'products' and use-cases.

Solana opens the crypto world to your regular hypergambling retail user - Ethereum opens the crypto world to entities operating on a sophisticated level, allowing for institutional acceptance.

Ethereum is a gateway to REAL crypto adoption in the world - a digital real-estate; just like Bitcoin is a gateway towards the digital store of value.

putting Solana in the same basket, ever, is simply put, wrong.

BTC dictates when Fartcoin intergalactic top is in - not exchange listings

the longer the post about a memecoin of all things - the larger the allocation

crypto twitter as war emerges after months of tariffs

my timeline is

50% antisemitic accounts celebrating Tel Aviv getting bombed

50% talking about Fartcoin

this is what peak performance timeline looks like

surgical precision regarding follow list curation

study.

market is clearly bullish and wants up, especially beta assets

nothing has changed fundamentally or momentum wise apart from severe geopolitical tensions

unless we get a full-scale nuclear war, in which case we have bigger concerns than digital coins;

dips are for buying.

man we're gonna make so much money this summer it's crazy

and to think about the fact Q4+Q1 should be seasonally bullish as well

reminds me of defi summer 2020?

what if we get a bullrun so long we're unironically tired

printing since jan '23 is already tiring for me

cant imagine another ~6 months

have been talking about ETH relative mispricing since the 75k bottom

I will continue to - this reminds me of 2021 where ETH has periods when it literally carries the entire market higher

as I said - that time of the cycle is close, perhaps already here

with CB adding Fartcoin - the rest of T1s will follow suit

with already established retail recognition - it's bound to become THE memecoin on Solana

outperformance against the likes of Bonk, Trump, Popcat will continue;

no KOLs, insiders, cabal, paid shills - unlike others

💨

interesting political developments between Trump and Elon

how does this affect my Fartcoin bags?

ETH sends -> PEPE sends -> MOG sends

it's very simple actually

no, but, you guys really don't understand the relative mispricing of Ethereum right now

I said it at $2k, I'm saying it again at $2.5k

it's finally that time of the financial cycle - whether it materializes in a month, quarter or 6 months is irrelevant