A small word on crypto.
I bought my first Bitcoin in 2016 for around $800 and sold it for a 5x. I later bought back at $7k, held it to $20k, rode it all the way down to $3k and eventually sold for a loss.
In 2019 a friend told me to buy $Doge. I refused because it made no sense to me at the time. I asked why I should buy a memecoin and what the utility was. I passed on what would have been one of the greatest investments of my life because I believed memes were beneath me.
That same friend turned a $2k Doge position into more than $3m. He left crypto completely afterwards. Today he is a big real estate developer in the US and his entire business was funded by that Dogecoin run.
That was when I started paying attention to memes even though I was still anti-meme deep down. I believed memes had no intrinsic value which is true, but I eventually realised that most so-called utility projects in crypto also have no real value. More than 90 percent of them are vaporware with no real world usage. I kept investing in projects that I believed had groundbreaking tech that would revolutionize the industry but they all went to zero.
Everything changed in December 2023. I was scrolling Twitter one evening and saw a crazy PNL from @/dannycrypt where he made $250k from Popcat in one week. That got my attention. My curiosity for memes increased and I even took Danny out for lunch to understand his strategy. I opened a Phantom wallet that same December and started applying what he told me.
In the first week of January 2024 while degening onchain, I came across a memecoin called $GIGA. From what I learnt from Danny, I knew it had all the ingredients for a Popcat type run, so I took a small punt. Long story short, I made a clean 2000x. Until today it is my best investment percentage wise. A random $300 punt became more than $600k in eight months.
Then greed crept in. I started regretting not putting in more. I kept asking myself what would have happened if I put $3k or $5k into GIGA. That kind of position would have turned into almost $10m and given me generational wealth. That same greed wiped out more than 90 percent of the $600k I made. I was left with less than $40k onchain.
I went back to chasing so-called utility plays for “safe” returns and ended up missing fartcoin. I discovered fartcoin early but refused to buy because I felt it was ungentlemanly to invest in something with a silly name. That decision made me miss a 10,000x run (Yes 10,000x not a typo)
So here is the moral of the entire story. If you have money in crypto, your main objective should be to extract as much as possible from the market. You must remain fully agnostic. No play is beneath you. When you withdraw your profits and use them to improve your life in the real world, nobody will care how you made the money onchain as long as it’s not illegal. Being rigid about chains, launchpads or narratives is one of the biggest mistakes you can make. The best crypto traders are agnostic. They go where the money & liquidity is.
As for me, I am still not a fan of memes but I have learnt to keep an open mind. Equities remain my bread and butter and my only crypto exposure today is in assets that I believe will remain relevant across cycles.
All the best.
As someone who’s more inclined to buy and hold coins I believe in,only adaptability could possibly help me survive in this current market, in market conditions where it’s less profitable trading attention based tokens (memes) and where community coins don’t have that much staying power, it’s better to turn attention to Coins/LPs that can retain their moves but with Higher risk higher reward,
Eg instead of buying Xyz “established” memecoin , better R:R is buying some utility coin that currently holds some kind of attention, or good enough thesis for short term/long term upside
- instead of continuously playing sub 100k mc games looking for the next runner, concentrate all of that capital and bid some major in the current existing narrative for a 2-5x
Overall it’s shittier conditions for the lower portfolio guys, they’ll get chopped to death and lose their remaining $$ trying to play low mc games, and then there’s not enough significant upside trying to play the higher mc established coins, opportunities for them to make it are few and far between, with this reality you just have to keep showing up every day and accept even though there’s no guarantees, you have no other option but to show up
Trying another side online hustle outside crypto and damn it has been really stressful. "Most especially the payment side of it"
Ngl Crypto is by far the best way to make money online ngl.
It doesn't care about your region if you are in the Sahara desert or not or if you have a driver's license.
Hello everyone, I’m proud to announce I’ve joined the @pumpdotfun team.
The last few months have been a real journey. I went from making Sharkvids, cooking different founders, and making everyone laugh to joining Believe and helping them bridge the gap between CT and builders. During my time there, I got deeply involved in supporting founders with communications, marketing, and community building across socials.
In the few months I worked there, I gained a lot of valuable experience in onboarding and supporting new founders in the crypto space. After leaving I got approached by many different launchpads and teams, but I planned to take a short break before deciding anything. Then Alon approached me and shared his vision for the future of Pump and ICM. His energy and vision for pumpfun got me genuinely excited and ready to jump back in.
This decision was a no brainer for me. pumpfun is the most successful launchpad in this space and has the most amount of resources and network to support teams and founders. I’ve been working closely with the Pumpfun team for the past week, and it’s clear that they operate on a completely different level than the team I’ve worked with before.
When you really think about it, ICM and utility tokens all started on Pumpfun with projects like JellyJelly, GOAT, and ARC, each reaching hundreds of millions to even billions in market cap. Now, with so many different launchpads in space, liquidity has become scattered and thin. One of my main goals at pumpfun is to help make it the go-to place where every founder launches their project and finds success.
With the resources, support, and expertise we can provide to teams, I’m confident we can take a better hands-on approach and provide stronger support to founders than any other launchpad.
All roads will lead to pumpfun where ICM, CCM and memes all thrive together and I'll do my best to make that happen.
if you want to learn more about how we can support your token launch, feel free to reach out!
Every day you’ll be faced with 2 different options whenever you wake up, complain or dwell on whatever is going wrong, or do whatever you can to change it… cycle that literally never ends until you die
Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice.
🙏🙏🙏🙏
Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide.
(Still in flight, more posts to come.)
Onwards. 💪
when i started building echo 2 years ago, i knew it had 95% chance of failing. to be honest, i couldnt really imagine any other outcome, but i thought at least it may be a noble failure worth attempting.
i certainly didn't think echo would be sold to coinbase, but, here we are: today coinbase bought echo for ~$375m.
echo will remain a standalone platform under its current brand for now, but we will integrate sonar's public sale product into coinbase, and likely introduce new ways for founders to access investors, and for investors to access opportunities into coinbase itself.
over the years i have chatted to brian a handful of times, and mostly to complain at him honestly. i have always respected how brian would listen to an outsider chat shit at him on the phone and take the feedback seriously. now, instead of complaining, i will have the opportunity try to do the work to make things better.
crypto itself has moved on a long way since we started working on echo. i guess partially this is because of the election result. but, i feel energised by a lot of the cool things being built in crypto again: hyperliquid, zcash, stablecoin supercyle, and so on.
feels like a good time to be on the field instead of an idiot with a twitter account yapping nonsense. well, i guess i still will be that.
anyway, job's not finished. onwards.
oh fuck yeah, before i go, the final season of up only (now "unc only" due to our severe old age) will commence when we figure out who the guests should be lol
cobber