if its good enough to screenshot... joyful june (but in cr | 0xkyle__ on Binance Square

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joyful june (but in crypto stocks)

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@0xkyle__

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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

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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

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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!

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maybe we get a bybit ipo or smth

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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

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