onchain clips | @marketbubble | @counterpartytv
onchain
Joined December 2023
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Farokh reacts to the Jason tweet about narrative of shifting capital from Bitcoin to Super Intelligence and AI
“Its weird arguments right?”
“Comparing Bitcoin and Super Intelligence is like apples to oranges, both can go up together”
“The Super Intelligence trade could possibly be bullish for Bitcoin, because Super Intelligence just devalues the dollar”
A brutal year for Bitcoin is just getting started.
Give me three minutes to explain why you should dump it now.
Outflows from ETFs are signal and will continue.
We will test the 57k low again in the next 12 months.
Why?
Because there are far too many dynamic places to put your money that are creating MUCH more value.
Why put your resources into a dead network that offers nothing beyond a store of value?
What's the point of place the BTC be if Bitcoin's Ponzi-scheme nature has gone away!?!
The viral nature of bitcoin was it's power... if you didn't own you were MOCKED!
Now? Completely reasonable, heck, SMARTER, to ignore bitcoin and place other bets!
No one is trying to convince people to buy Bitcoin anymore... the memes and NFTs are gone.
No one is saying $ BTC can change the world, because it won't — and BECAUSE AI HAS!
Just sell and shift from Bitcoin to Super Intelligence because one provides little to no value, and the other provides unlimited upside for humanity.
This should be obvious to everyone right now.
Bitcoin will never break its all-time high again.
max 🐂🀄️ retweeted
Ethan explains why trading memecoins requires a mentor or a group due to hyper competitive market.
“It's so hyper-competitive that I think you need some sort of group or like some sort of people around you to teach you and to kind of help you get in”
“That's where Twitch streaming helps a lot too, because you get to actually see people trade live”
“Also Discord groups, I think you need that shit”
Ethan explains why trading memecoins requires a mentor or a group due to hyper competitive market.
“It's so hyper-competitive that I think you need some sort of group or like some sort of people around you to teach you and to kind of help you get in”
“That's where Twitch streaming helps a lot too, because you get to actually see people trade live”
“Also Discord groups, I think you need that shit”
Farokh explains how Pumpfun ($PUMP) is working to fix the trenches and elevate the space
“The way I'm seeing them work, the way I'm seeing them move, also the way they work with us, the way they chat with us, I think Pump is going to move towards a really good direction in general”
“They're probably at the office thinking like, yo, how do we make the trenches better, how do we make the trenches last longer, how do we make the trenches make more revenue for us, but also for the people”
“Their goal now for Pumpfun is how do we fix the trenches, or else their company doesn't work out, right”
max 🐂🀄️ retweeted
tyler and Farokh explain how Pumpfun ($PUMP) is staying profitable despite falling volume by unlocking new revenue streams
“On-chain volume and PumpSwap volume have fallen off pretty substantially over the course of this year, but the volume chart does not match the revenue chart at all”
“Revenue is basically still up, my point being there is they've found new revenue streams, there's so many revenue streams”
“It's helping them get through the on-chain bear, and when the next on-chain bull comes, they'll be positioned to really run it up on the revenue side”
tyler and Farokh explain how Pumpfun ($PUMP) is staying profitable despite falling volume by unlocking new revenue streams
“On-chain volume and PumpSwap volume have fallen off pretty substantially over the course of this year, but the volume chart does not match the revenue chart at all”
“Revenue is basically still up, my point being there is they've found new revenue streams, there's so many revenue streams”
“It's helping them get through the on-chain bear, and when the next on-chain bull comes, they'll be positioned to really run it up on the revenue side”
Farokh explains why not having FOMO whales holding your token is actually a good thing
“Seeing all these whales and FOMO holders hold a big bag, I never found that bullish, personally speaking”
“I'd rather them not own a bag, cause when they exit, they have so many followers, they're forced to clip it”
“These guys cannot sell 0.1% at a time, they have to clip, and then all hell breaks loose and people get scared”
Fardeen explains why he is bullish on Hyperliquid because it reacts faster to news and price discovery happens there first
“For example, yesterday the president elections, you probably saw on your timeline, when Lula won, the EWZ Brazilian stock market crashed 25% on Hyperliquid, it is now down over 30%"
"But this is bullish Hyperliquid, cause you get the information on Hype first and you trade on Hyperliquid”
“Anthropic IPO is coming, it's the biggest thing for Hyperliquid since the SpaceX IPO, cause that's where price discovery happens”
“I like my Hype here”
Tayler and Farokh react to their Bitcoin 30-day fractal pattern hopium that turn out it was successfully failed
“Well, our little 30-day hopium did not work out quite the way we wanted it to work out”
“Literally on the day though, it went down, so much for our fractals of hope”
“On the 31st day, Tyler, you can't even make this up, this is just such a perfect picture”
Tulip King explains why maturing blockchains lead to native tokens being used less as money
“The core thesis to ETH is money, Solana is money, was essentially that blockspace is like an economy, and Ethereum or Solana would be the natural money because there's no counterparty risk”
“When you look at the numbers on Solana, the most widely used collateral is USDC, it's stablecoins”
“You have this nasty problem where the more mature Solana and Ethereum get, and the more robust they become, the less and less the native asset is actually being used like money”
Threadguy shares trading advice from Kyle Soska about position sizing and leverage
“Kyle Soska gave me advice on trading, and we were talking about sizing”
“He basically told me that your single best idea should never be more than like 30, maybe 40% of your size after leverage”
“I was sitting here doing math, I was like 1.5 net worth long zcash on the way up” (lol)