Dr.OVG

Dealing with traditional banks is such a pain Sending a wire takes ages, on weekends they don’t process and they you have the occasional (bank) holiday How in the fuck is this still possible in 2026, i hope crypto succeeds

One month Recap since returning to on chain trading after half year break Realized Profits: ~ 400k (285k on basedbot, 38k on binance and rest on banana bot wallets/other wallets but no Pnl card on banana :/ ) Days : 31 Summary: Was extremely fortunate to return after the $ASTEROID play (which I missed) that ignited on chain. The first week or two was characterised by mainnet volume dominance with the v4 hook meta and also hitting the big $BIO trade (on CEX) given narrative. Was able to catch a lot of new pairs very early and see them run up to a few m. The hit rate on mainnet was extremely high and led to a very good first week. stuff like $UPEG and v4 hook derivatives were printors. Following the first two weeks was a transition into the base chain into the current meta which is base agents. In this initial transition I did not perform as well and I entered into many of the initial runners like $AEON , $NOOK etc quite late but got lucky because they continued to run with volume. However, after I got used to base again, the past week has been amazing. It has always been my favourite chain due to the fundamental research aspect of it. You could enter 'late' and research great undervalued projects and many of these were printers and still are going up. So many great $BNKR projects went up and still so many to come. I didn't share 99% of my trades and even good fundamental holds as I felt like like tweeting affected my trading sometimes so apologies as I felt a lot of my shares haven't really done as well. During the past week, base has been incredibly rewarding, a lot of these you could be late by a day and still make good profit just by researching. I also unfortunately missed some big runners like $SATO and $LFI due to sleep :c Lessons learnt: I would say probably not overindulging on new pairs when its just not there. The $BNKR season doesn't reward new pairs as much as sitting back and researching and entering later on. I spend a LOT of effort on new pairs here and wasted my time burning lots of $ETH in the process so this was a learning point for sure. The second biggest lesson is probably not tilting after missing something due to sleep. This happened especially in $LFI where I was so tilted over sleeping through a ping at 50k that when I woke up I refused to buy it knowing full well it would probably go over 10m. (Also the fact base chain wasn't as hot then). Expensive lessons. For sure a lot of people outperformed me this month so I'm always trying to improve and hopefully the next month is even better than my first month back. One last thing, I saw a lot of comments about how crypto is dead and tbh I was kind of sick of seeing our industry get slandered. There's genuinely great stuff happening now on base and I hope this continues. I will probably do a later post of tips and tools on chain i've learnt since returning a month ago.

I think two things can be true at the same time: 1) "Crypto native" subculture is largely dead or dormant; people are not as active in crypto-centric chats and discord channels, debating the merits of one tech innovation over another, or problem-solving the next bottlenecks. AI and tradfi stocks are in a raging bull run that provides both the gains and the volatility that crypto used to carry with it for years, without the toxic label, looming hack risks, or toxic trading venues. Top-tier talent is migrating towards other industries like AI, cyber, biotech, and others. The space remains plagued by scams, large (binance et al.) and small (predatory KOL grifts, among many others), while "experienced founders" who raised infinite capital continue to ship absolutely nothing of value but opine all day on twitter. 2) The regulatory landscape has never been better. Crypto projects are gaining real market share with actual use cases (payments, price discovery onchain, privacy, infra rails), real teams, and real profitability. Crypto is now a legitimate asset class with a wide range of products that are offered and traded in the world's largest financial markets. In some ironic fashion, the exhaustion from the endless scams and lack of retail hype has acted as a forcing function, and now the smoke is clearing, the noise is slowly being filtered out, and the signal is starting to rise to the top (hyperliquid coded). So, yeah... The idealistic, cypherpunk ethos that originally built this space has been completely replaced by institutional apathy and fatigue, and we are all too fucking jaded from top to bottom. And the casual retail crowd and the mercenary capital have moved on to sexier, faster casinos. Most crypto traders as well, tbh. And it's true that what's left behind is an industry stripped of its hype, much of its volatility, a lot of its appeal, and is now forced to either justify its existence through actual tech/innovation or slowly fade into irrelevance sans the odd cyclical pump. But in a sense, the culture (which was rather toxic for the most part) died, yet the industry is trying to actually survive. Maybe not as an underground cypherpunk movement, but rather more as a true rails/fintech industry. The 'boring but profitable' phase, I guess.

If you run a full bottleneck analysis in your life and actually get to the bottom of the thing (no matter how many layers deep) - the last bottleneck/domino will always be an emotion you're resisting. That's it. That's how funny and wonderful the actual human condition is.