no longer active here go to @memespaymyrent
Los Angeles, CA
Joined September 2009
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Leaving @MagicEden next week
It’s been a fun journey but I’m ready for something new
I had no idea what I was signing up for when I joined back in 2021, but through Magic Eden I was able immerse myself in crypto and all the craziness that came with it
Time to lock in again 🫡
Yoon retweeted
our 10-0 king ARTHUR (pun intended) and his scrubby knights 😂😂😂
@OdyTeej @Locodoco @Cat_OPTCG @jansuko999 @Ducky_JS @yasunaga_torao @c_optcg @XellTweets @ItsJasminety @sngoh55
Yoon retweeted
nats practice
@XellTweets @jansuko999 @Ducky_JS @Locodoco @OdyTeej @ItsJasminety arthur casey miles
everyones so focused and im here playing t3 deck
Majority of the current pump streamers are stunt/gimmick based
Don’t see this working out as it’s near impossible to have consistent content this way
Looking for streamers doing something more sustainable 👀
I fully believe creator coins will be a massive thing
fans want to support and be a part of their favorite creator's success and growth
it will take multiple iterations until something clicks
v1: @friendtech
v2: @zora
v3: @pumpdotfun
how many more tries will it take?
been in @PastelAlpha for over a year, honest review
the trench calls are soso, memes move so fast nowdays unless you are glued to your screen it's hard to win consistently
the real value is when @CookerFlips makes a conviction call on a large coin
he nailed $hype + $useless in the past and his thesis on $cards is playing out in real time
Time to write my thesis on $CARDS, I don't do these too often cuz I'm still trying to get better at it but also I'm typically trading virality & attention economy not PMF and business potential growth. The last time I did this was for HyperLiquid, not saying this is remotely the same in terms of sector or caliber just saying for anecdotal context.
Personal entry: 220m (22m) - $270k
At the time of writing: 316m - uPNL 115k
Bull:
Strong PMF (I hope)
Low float (10%)
MoM Growth
We have not peaked for Pokemon/Collectibles/Sports(?)
Bear:
Courtyard and other competition just overtakes (doubt?)
Demand dries up heavy across the board
P/E Ratio: roughly ~9 (320-350m FDV, 35-40m annualized gross revenue) - Don't kill me over this I'm still learning, I'm not a business major I did CS but learned so much about business/investing throughout the last half decade. From what I understand this is quite low and has a strong potential for upside granted metrics across the board also increase.
Growth assumptions/Napkin Math:
Assuming weekly/monthly revenues continues to grow:
Roughly 10-50% MoM:
~9.5m weekly revenue
~60m annualized earnings
~475-550m market cap
Granted I think last month it had 160% MoM growth which is wild but you can't always assume such, we'd be getting in territory of hopium/delusion.
Things I didn't really consider is buybacks/burns, additional streams like sports vending which they teased (?), utility for the token (good or bad idk), Pokemon 30 Year Anniversary is next year (catalyst?).
Here is the dune: dune.com/zkayape/pokemontcgs…
Apparently a official dashboard will be around this month.
@Collector_Crypt is doing around ~55-65% of Courtyard's current volume so it's definitely up there in terms of market share.
Whether I'm right or wrong on this I wrote it to share my thesis and how I'm going to approach this kind of trade. If I'm right in the future I'll wildly just non-stop come back to this and flex. If I'm wrong well, you won't even remember.
If anything is wrong just correct me, this satisfies my autistic need to tweet long form all the time and it makes people think I'm smarter than I actually am.
tl;dr: JoinPastel.com
