terminally onchain - fumbling bags on @Velvet_Capital
Joined July 2020
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- Following9.4K
- Followers40.7K
- Likes22K
Phil retweeted
everyone will say ansem sent mihao
but to be fair, the community spent 2 weeks changing pfps and raiding replies before that
i wouldn't personally touch it here
but still happy to finally see an 8 fig runner built on culture and bagworking alone
small hope for the trenches
the toxicity in this place makes no sense. some days you really wonder why we're still here
i couldn't care less about the montra/elysium drama and who's involved
what i care about is this: finding an organic, community driven runner like cashcat is close to impossible nowadays
a lore strong enough to revive the onchain market, kick off robinhood season, get a RH listing and run to $300m
that doesn't happen with one kol, one launchpad or one person steering the boat
maybe i'm delusional and i'll round trip my whole bag, but i still want to believe there's hope for people who hold something they believe in
no fud can take that lore away from cashcat
Phil retweeted
never seen sentiment this low in the trenches
it's been a week of exposing everyone and today it's just tjr and slingoor's turn
so here's my take
kols and "callout" guys at the top of the pyramid didn't come out of nowhere. we built that system
2024 worked better because people speculated on narratives and bid coins regardless of who was holding them, without dozens of pvps launching every day
this year we got sold social trading as the fix: track the wallets, make kols accountable, right??
in practice it just made everything worse. everyone started trading the holders instead of the coin
whatever you think of slingoor or tjr, they're a product of how we all play this game
and a lot of the people sending insults and death threats would do the exact same thing in their position
so learn who's actually worth following. build a small circle of friends you can trust. that's what keeps you sane in weeks like this
and to be fair crypto has always been a mess. it's a zero-sum game where a few will always exploit the many. accept that if you want to be profitable
that doesn't mean the opportunity is gone. look at what happened onchain from july to september with btc around 80k
i'd still argue this is one of the best industries to make outsized returns if you're smart and want to really lock in
but that means owning your decisions
don't outsource your conviction to any kol. watch, learn, build your own thesis
and the part nobody talks about enough: don't make it just trading. mix it with content, gigs, collaborations
there are still plenty of paid opportunities in web3 that help you grow, expand your network and work directly with builders who actually care about the future of our industry
so you shouldn't leave now. i'm not leaving
stay strong 🫡
posting the losses as well as the wins, so here's one
almost entirely blew up my 1k challenge portfolio on @phantom
the same strategy that worked for me since july (with 10x the size back then) turned out to be terrible in october
to grab decent supply and have a shot at a runner, i mostly traded low caps under $200k
i never took profit at 2-3x despite multiple chances, because holding for more is what had been paying me all summer
this market punished that hard. most coins went to zero within a day of their first run 🤣
from now on i'm just trading with no rules, at my own pace
slower, more selective, taking profit whenever i feel like it without chasing the next $cashcat or $stonk
adapt or die
🤝 Paid partnership
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if you want to watch the comeback live, i'm trading here: phantom.com/r/itsphilonchain
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never seen sentiment this low in the trenches
it's been a week of exposing everyone and today it's just tjr and slingoor's turn
so here's my take
kols and "callout" guys at the top of the pyramid didn't come out of nowhere. we built that system
2024 worked better because people speculated on narratives and bid coins regardless of who was holding them, without dozens of pvps launching every day
this year we got sold social trading as the fix: track the wallets, make kols accountable, right??
in practice it just made everything worse. everyone started trading the holders instead of the coin
whatever you think of slingoor or tjr, they're a product of how we all play this game
and a lot of the people sending insults and death threats would do the exact same thing in their position
so learn who's actually worth following. build a small circle of friends you can trust. that's what keeps you sane in weeks like this
and to be fair crypto has always been a mess. it's a zero-sum game where a few will always exploit the many. accept that if you want to be profitable
that doesn't mean the opportunity is gone. look at what happened onchain from july to september with btc around 80k
i'd still argue this is one of the best industries to make outsized returns if you're smart and want to really lock in
but that means owning your decisions
don't outsource your conviction to any kol. watch, learn, build your own thesis
and the part nobody talks about enough: don't make it just trading. mix it with content, gigs, collaborations
there are still plenty of paid opportunities in web3 that help you grow, expand your network and work directly with builders who actually care about the future of our industry
so you shouldn't leave now. i'm not leaving
stay strong 🫡
so what if btc makes a new low and we don't get another new memecoin to $1b
are we ready for this conversation?
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competition is healthy.
but if every new launchpad needs the last one's liquidity, are we growing the market or just moving the same money around?
rough to see $stonk get hit this hard
$6m volume and $35k in protocol fees just on ascend
i smell an elysium season around the corner
Ascend Day 1 of testing: By the Numbers
• $5,974,017 in trading volume
• 47,254 total transactions
• 873 tokens deployed
• $34,808 in protocol fees generated
While Ascend is already live and usable, this period is intended for stress testing, refining the platform, and integrating our partners ahead of our official mainnet launch.
We're gradually rolling out features, with the full Ascend experience becoming available on November 9th.
Early users and testers who help us improve the platform will be rewarded for their contributions.
Token deployments on Ascend are now open again for continued testing.
app.ascendlaunch.xyz/
farmed loopscale since forever and pulled everything as soon as i saw the binance hack (thank god)
scary times for defi ngl
NEW: @loopscale PAUSES ACTIVITY AFTER AN ATTACK CAMPAIGN TARGETING ITS $SOL AND $USDC GENESIS VAULTS
IT SAYS AFFECTED VAULTS HAVE BEEN MADE WHOLE, NO USER DEPOSITS WERE LOST, AND IT IS WORKING WITH FEDERAL LAW ENFORCEMENT
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