shanners

Lots of depression and negativity on the timeline. If you take a step back and look at where we are, a lot has been achieved this cycle: - Crypto apps generating 8-9 figures annually - ICOs coming back and giving retail an opportunity to get in early - Decentralized perps - Defi much more stable and secure (at least more secure than last cycle when getting hacked was the norm) - Stablecoin competition and not just centralized web2 offerings - Ultra-fast blockchains like MegaETH coming out - Privacy finally becoming a movement - A nascent but exciting defi agent network being developed At the end of last cycle FTX imploded, Luna collapsed and just keeping hold of your money was a miracle. We are miles away from that. Also notice how I didn't mention institutions buying crypto, because when did that become the point of crypto?

@0xSammy @AskVenice Great, thanks a lot!

@shannersdos @AskVenice Sabrina had some decent usage stats

Insane performance! VVV is up 7x in the past 90 days AI season returns; but this time backed with real demand for inference / compute TAO also ripping, now back above $300 with ambitious price targets for $3k by EOY Dolphin AI, SERV, Eigen, Virtuals are all double digit gainers in the past 7 days also I’m still an avid believer that the next crypto bull market will be led by AI coins While open source or decentralized projects may not be able to keep pace with frontier labs, the gap is closing Using crypto rails to move capital and resources globally is an underrated advantage There will be huge opportunities in the next 12 months for those paying attention today

@AltcoinSherpa Damn, 8 years and counting. I'm doing this wrong.

I've realized that you have probably 3-6 years to make it in crypto. The vast majority of my friends have left the industry for 1 reason or another (either made too much or too little $). You are on the clock the moment you start full time- the volatility will catch up to you

@andyyy $chip is a low float, high FDV governance token that will go from 2bn tokens in circulation to 6bn within 12 months. Love the project, hate the tokenomics.

USDAI is a very very interesting project and I feel absolutely silly for missing it at the early stage with our fund. Oh well.

@andyyy Yes

Sidelined???

@ChainLinkGod I'm so deep into the pits of defi this all seems totally normal behaviour to me.

Look guys, it's actually really straightforward, a bunch of people staked their ETH on the Ethereum blockchain to earn yield, except they didn't want their capital to be locked up, so they actually staked with a liquid staking protocol called Lido who provided them a liquid staking receipt token called stETH, except they decided to juice their yield further by depositing their stETH receipt tokens into a restaking protocol called Eigenlayer, except they didn't want to lock up their capital, so they actually restaked with a liquid restaking protocol called KelpDAO who provided them with a liquid restaking receipt token called rsETH, except they decided to juice their yield further by depositing their rsETH tokens into a lending protocol called Aave so that they could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero that was hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry

@KevinWSHPod I still have ptsd from early defi and getting rugged multiple times. Yield was at least worth the risk back then. Definitely not now

We are at the “things start to blow up / get hacked left and right” part of the bear market Last cycle we had tons of these (more in CEFI), it all culminated with the USDC depeg in March 2023 which started the new bull (US banking crisis) Your job is to navigate the land mines without blowing up Best advice for this is self custody most of your stack and keep only what you need on exchanges and stablecoin apps If you look for yield, only do it with very serious teams and be aware of the risks (no risk = no yield) This too shall pass Just dont blow up before the next bull Good luck

@PolitlcsUK Work hard. Get the best grades, Get into the best university. The top 1% of students.. Work harder. Finish in the top 1% of the 1%. Get a job. Be the best for 30 years. The top 1% of the top 1% of the top 1%. Government: Sorry, you shouldn't get 10x more than the cleaner.

🚨 NEW: 65% of Brits support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee

@andyyy I think the answer is in the question!

Isn't it crazy that the suits are far more bullish on crypto now than the diehard natives??? What happened man

@PolitlcsUK How about: - Higher investment in quality of education - Complete transformation of the NHS to cut excess spending - Build more houses to bring down rates When you don’t tackle the cause you just compound the issue.

🚨 NEW: Green leader Zack Polanski will call for policies to end the "affordability crisis" tomorrow - The introduction of a 10:1 pay ratio, whereby the highest-paid employee earns no more than ten times the lowest-paid - Free school meals for all primary and secondary pupils - Universal energy bill support for households and stronger rent controls - A customs union with the EU to cut business costs

@andyyy Go to the Luberon instead, provence countryside is unmatched

Cannes is also just insanely beautiful tbh man

@BMNRBullz To be fair, he's bought every other stage of the market so why not this one.

TOM LEE: WE’RE 90–95% THROUGH THE SELL OFF “I’d buy the market today.” That’s the call right now. It all comes down to positioning. 🔹 VIX: above 30 🔹 AII sentiment: bulls minus bears ~-20 🔹 Goldman: hedge fund selling = capitulation 🔹 Since 1900: markets bottom early in wars (~first 10%) Too many investors have already de-risked. When positioning gets this neutral, the market doesn’t need good news. Just less bad news to trigger a V-shaped recovery.

*#BTC just dropped below the April 2025 low.* If it does not bounce soon, this is going to be one hell of a midterm year. If it can bounce, it gives us a few months and gets us closer to October without so much bad price action (likely the bottom in time). I feel like the bear narrative has been really strong for a while, and so I would expect a countertrend rally soon so that it gives the bulls some hope for a while. However, I have learned my lesson in prior cycles, so I do not attempt to trade them. Countertrend rallies can happen, but sometimes they happen when you least expect them, not when everyone expects them. It makes sense to assume that a sweep of a prior low would offer some relief, as that has been true for BTC even during the bull market. But in 2014/2018/2022 when BTC fell below the 100W SMA, it was straight to the 200W SMA before any relief occurred. The time to sell BTC was late last year, not panicking on dumps in the midterm year. I just try and focus on the bigger picture and the bigger picture is that late Q3/early Q4 will be a better time to move real money back into the market. Between now and then it is just people trying to make money during difficult times by trying to trade support/resistance levels.

@lindaxie @AlexMasmej

@AlexMasmej thank you!! appreciate all of your hard work and building in this space

Today is my last day on the Farcaster team! I plan on staying in crypto next. The space has grown so much since I first joined it 12 years ago but there's still a long way to go. I'm going to keep working on things I want to see exist in crypto and do my best to help it grow

@BobLoukas No one worth listening to is trolling on X. Also a downside of making investment open to all, can’t have the good without the bad! I will always be grateful for your advice and glad I found your account all those years ago. Changed my whole view on investment. Happy Xmas Bob!

Most people are respectful and thankful that I share this journey. The excessive volume of troll and hate replies, however, is rather telling. In 35 years of investing, I’ve never seen a cohort as immature, inexperienced, and blinded as parts of crypto culture. Close a position that’s up from $4k, roughly a 20x, and suddenly it’s “you capitulated the April lows” or “paper hands.” Mate, Bitcoin is up a whopping 8% since that action. I could buy it back today with minimal cost, but I don’t, because that would violate my stated strategy. Many of the loudest critics are MSTR Strategy sheep. Had they “capitulated” then as well, they would have avoided a 38% drawdown from those same lows. And lets not talk about alt holders, many of whom are down far more. If you want to hold something purely out of ideology, regardless of price or risk, that’s your choice, but it isn’t mine. What many fail to grasp is that investing isn’t about falling in love with an asset, no matter how compelling the story. I view investing holistically, from a total allocation perspective. Selling Bitcoin in April, and again now, is simply execution of my strategy. Every strategy has weaknesses, all do. But follow it (then refine it) I do, because I choose discipline over emotion. For those worried about me “missing out”, I don’t. I maintain a dedicated HODL allocation with a clearly defined long term mandate for that reason, because i believe in it over that timeframe. Separately, I run a more active, daily/weekly strategy designed to participate in upside surprises. If Bitcoin delivers a long-overdue hyperbitcoinization shock, good, I’ll be there. Otherwise, capital is constantly rebalanced and redeployed. Since the April Bitcoin sale, funds didn’t sit idle. They rotated into things like Precious metal miners: +141% Silver: +136% Tech stocks: +56% Various AI names: many multiples Purchased property Wrote two angel investment checks Building a new food focused website business The point is simple, rotation matters. Risk management matters. Flexibility paired with discipline matters. There is always a bull market somewhere, but only if you’re willing to look beyond a single asset and view your portfolio as a total system. I wish you well in yours.

@gabrielhaines 😂😂😂

THIS IS HOW YOU TREAT $AAVE BAG HOLDERS STANI! Pillaging 200k a week from the DAO Theatrical governance vote to justify further drain on the Aave community

@RyanSAdams I believe a project can be hugely successful and the token can still go to Hades

still believe this

Aave should be a top 10 token. Aave's token price hasn't grown in 3 years. Token buybacks add limited value. It is becoming clear that the era of projects milking token holders is coming to an end. We need new models of value. Don't see much hope for $aave the way this is playing out. The project will keep winning. The token holders will keep getting milked. Hardly Satoshi's vision is it.

@joeroganhq I haven't died yet, why aren't I getting my life insurance payments back every year?

Whoopi Goldberg on health insurance: "If I don't go to the hospital for a whole year, where is my money? Why don't you give me the money back?"

The amount of government and institutional dick riding around here has reached epic levels.