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0xkyle__
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one bullish candle and everyone starts apeing shitters from 10 months ago
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0xkyle__
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indeed, this rly just got me thinking that i am naive to attribute the typical 20x P/E to tokens in this industry (aside from a few special cases) this would explain the bad PA - it is fair for them to trade way lower by virtue of being a token and not a stock / security tbh
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only 4 names have outperformed BTC YTD in my list (mostly exchange-listed assets, not including stuff like spx6900 / kta / etc.) market is so path dependent now... buy and hold just doesn't exist (if you bought and held HYPE you'd be up 58%, but if you bought near the bottom you'd be up 300%~)
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"gold up btc down" didn't this happen last time - isn't the fact more like btc is a 24h traded market so people can express their opinion through there vs the spx? unsure
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as usual 1) if you're underwater on good coins, continue holding 2) long
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to all projects w a token, if you want your token to go up, what you need is: - good tokenomics - good buybacks (not peanuts) - consistency (not cyclical business, so buybacks don't fluctuate) unfortunately, you MUST HAVE all 3 - having 1 or 2 is simply not enough
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