natealexnft

eth pumping so hard has my NFT fomo-meter off the charts

i am desperately fighting my instincts to spend all the eth i have left. my brain is in a perpetual state of "FREE!" "FREE!!!!" "OMG FREEEE"

i sold this guy for 32 eth (~$19k) to gmoney in late 2020

ive spent over $19k on many individual NFTs since then - all of them combined probably worth less than this one

ETH

i wrote a mini-thread a couple days ago about why i thought ethbtc had bottomed. eth is up 30% since then

damn i got motion

i really dont know how they did it. m*tamask team has managed to outdo themselves again. they took a product that was garbage and added a bunch of obnoxious features to somehow make it even worse. truly the WOAT. really impressive

most recent ETH upgrade, pectra, went live this week

pectra is an anagram for carpet
according to websters dictionary, a carpet is "a heavy often tufted fabric used as a floor covering"

i'm not saying they signaled the bottom but it seems a bit coincidental doesn't it?🤨🫨

seeing some notoriously bad traders talking about "selling here" "eth rally means doom" "this rally will fail like the rest"

thoughts:

One of the best ways for me to learn is to share a half baked idea and let others tell me why I’m wrong (or occasionally right)

I used to do this in private discords but activity has dwindled and my adhd requires quicker feedback. So here we are

Core thesis: ETHBTC has bottomed / Make ETH Great Again / Slurpin the Dipperino

Some postulates -

P1: if bitcoin dies, crypto dies
I don't think this is a hot take. BTC is the ultimate safe crypto bet. If it gets flipped by SuperBitcoin3000™, the long term investment thesis is gone. No passing go, no global reserve currency, and industry wide loss of faith in internet funny money

P2: if eth dies, NFTs die
More controversial but try viewing through the lens of P1. If ETH goes to 0 and punks/XCOPY/etc become valueless, how does one convince another to buy "GRAILS" on NewCoolChain™? Again, the long term investment thesis is gone. No one collects NFTs on dead chains

Why now?
Canary in the coal mine -
Crypto art market has been slowly but steadily picking up. The biggest sales are happening on ETH. Buyers will need ETH to buy the best NFTs. AlwaysHasBeen.jpg

This is not meant as a slight to other chains, only an observation. I'm not a financial advisor, just a rainbow cat larp who made money predicting NFTmania many years before it happened. Feel free to discuss below

bitcoin - blasting through 100k yet again
eth - down 40% since last time I made this post

something im paranoid about that i havent seen mentioned elsewhere:

if ai singularity happens, there is *some* chance they take all of our crypto via social engineering / hacking / manipulation / etc

it seems trivially easy if they desire to do so

like playing chess vs a bug

some thoughts around $dood

im a rainbow cat not a financial advisor / i have an airdrop so im biased / blah blah deez nuts

timeline divided into two camps:
people who get the airdrop - generally happy
people who don't get the airdrop - "its going to zero"
welcome to CT. news at 7

group 2's launch estimates seem pessimistic. doodles, by all relevant metrics, is a top 5 NFT brand (penguins/apes/azuki/remilio)
punks are art, not a brand, dont @ me

in FDV -
apecoin launched at $8B (i know i know, different timeline)
pudgy launched at $3B
azuki launched at $900M

the market thought all of these were launched too high (number_go_down.exe), but it's still where they started

yet there are people suggesting token will be worthless and launch low 8 figs. we dont know yet, the initial valuation will be set by the team and/or market makers

the NFTs themselves will be repriced aggressively upon airdrop. im not sure what the relationship there looks like. a high FDV means airdrop farmers can sell the NFTs for much lower, but there's a scenario where believers use coin gains to buy more NFTs

once again, not advice, just thoughts. there's an FDV where everyone is a seller, including me, and an FDV where we are not. good luck

ive decided im just going to start bullposting the most obscene hopium prices in an effort to turn the vibes around here

bitcoin to $21000000
solana to $69069
eth to $4200

at a $1 trillion market cap my doodles airdrop will be worth 9 figures