Mancer

As someone who’s been let into some of these “cabal” chats, the people you copytrade have no genuine fucking clue what they’re doing. I can give examples, I’d probably start some fights doing so, but just believe me they are actually just throwing shit at a wall and genuinely thinking it’s the next Mona Lisa because they’ve been trained that they don’t need to do better than that. The story for these KOLs usually goes: They hit one big trade by being blinded by some dumb ass thesis that ultimately routed to luck. They then grew a following, and then via a self-fulfilling prophecy got copy traded into everything they buy being good. This is social capital. The problem with social capital is during times of extreme fear or bear, the only thing that matters is fundamentals. The problem with fundamentals in crypto is there are no longer any. All fundamental projects minus the big winners of last few bulls, (Uniswap, Pump, Hype, etc), are completely gone. It made no sense to operate them. 1) Because anything you can think of can be vibecoded in about an hour, meaning the only value to your project versus another is the social capital (which we’ve established doesn’t matter right now). 2) Because the game has changed into a 9-5 type of shift. There is no Valor in what we do here anymore. Thus, there’s no belief. (^^ I’m going to write a whole thread on this in the future ^^) Combine all of this with your average participant in this industry now doesn’t even own some Bitcoin, and they have zero intentions of buying some on tumultuous market days like today. The average remaining participants in cryptocurrency are in a psychotic social bubble believing they have quantitative edge when in reality their edge is just how they convince people even dumber than they are to buy things they’re in higher. My advice: watch hooks, watch primitives like lenders, and honestly… just buy dips on HYPE.