Bardy🧃

Formerly Bardstocks

[doomer @doomerfied]

[ DOOMER ]

MICHAEL SAYLOR’S STRATEGY $MSTR WILL BEGIN SELLING $4B IN BITCOIN TO COVER STRC DIVIDEND PAYMENTS: PRESS RELEASE

[Bardy🧃 @BardyGG]

Could be interesting, basically AI meets friendtech, it’s a project on base chain 👀

https://t.co/gSyAoE4S4c

Here’s my invite code, only 5 spots left:

O5KB1R

[Bardy🧃 @BardyGG]

@kirbyongeo This disclosure was before all the binance charges though

[Bardy🧃 @BardyGG]

The risk appetite of a crypto bro

[Logan Jastremski @LoganJastremski]

The worst sin and 🧠🪱 of this industry is thought that decentralization allows you to forgo the need to build great products that generate revenue back to the token

The silicon valley mindset of ship mvp, iterate, get users, get to pmf, and make money still very much applies

[Bardy🧃 @BardyGG]

@NYChrisG Yoooo get it graded!!

[Bardy🧃 @BardyGG]

@nicole_clash Don’t mind me, I am just le goofball

[Bardy🧃 @BardyGG]

@Rayditzfn Brawler replicator lulu reroll, duh

[Bardy🧃 @BardyGG]

I think Samani is right

It’s super popular to hate on him atm because almost everyone loves Jeff and HL but it reminds me of all the bankers laughing at Michael Burry during the Big Short lol

[Kyle Samani @KyleSamani]

@KookCapitalLLC It’s not just kyc. It’s being a full dco and dcm

[Bardy🧃 @BardyGG]

@Dexerto How to kill your own company’s profit margins in just one simple step

[Bardy🧃 @BardyGG]

@nicole_clash It really helps to be solo.

When in a team of random people, all it takes is one person to not play well and it produces a very toxic environment for their team. In TFT though, you really only have yourself to blame if you get owned, no point yelling at other players 😅

[Bardy🧃 @BardyGG]

@nmplol

[Bardy🧃 @BardyGG]

@LoganJastremski @KyleSamani 😭

[Bardy🧃 @BardyGG]

@alpha_pls Perps legality wasn’t the issue imo, the issue is mandatory KYC and HL needing to subsequently meaningfully compete with the establishment

HL’s moat this entire time has been no KYC

[Bardy🧃 @BardyGG]

@defi_monk Crazy that everyone is talking about the regulatory risk that HL faces only after HYPE soared to $69 dollars lmeow

Come on bros, this has been an issue since $4 😂

[Bardy🧃 @BardyGG]

@cinnabrit Cringy 2000s millennial post hits so hard lmaoooo

I actually love it, it’s so great. Surprised by the quality of the camera

[Bardy🧃 @BardyGG]

@DavimonCh @NYChrisG LMAO

[Bardy🧃 @BardyGG]

@EricSwartzKSU @toly @blknoiz06 @solana

[Bardy🧃 @BardyGG]

@pdaowggg @jussy_world @Collector_Crypt Even wrote a long wall of text about this shit, it’s so ridiculous

[Bardy🧃 @BardyGG]

Speaking of checking the tape, I want to talk about solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp

A lot of projects with crypto backends love to launch tokens. They do this because they think it is free money. They think it is free money because they think you, the consumer, are stupid.

Why do they think you are stupid? Because they know crypto people will speculate on anything that both has a pulse and is being given attention from “KOLs.”

Here is the reality. People claim this company has high revenue, which it does; according to various sources it has around $150mil revenue. However, their margins aren’t that crazy, they make only $0.24 or so for every dollar they spend. That’s pretty good for a company honestly, well done. But their annualized profit is $36 million, not $150 million. So when KOLs throw this huge $150 mil revenue number in your face, they are not acknowledging that the gross profit is significantly lower than the revenue.

Btw, $36mil annualized is estimated and could be lower. They are currently trading at 10x earnings already, so it is already priced at a premium. Also, the business relies on the Pokemon card mania and these cards retaining their value. If hypothetically Pokemon cards lose steam, this company will have a ton of issues (how much Pokemon card inventory do they have, will they be holding the bag?).

And finally, there are no buybacks. They MIGHT do it later. But currently the company has no incentive to do it while they are operating on $.24 margins and are being valued at $360mil fdv.

[Bardy🧃 @BardyGG]

@pdaowggg @jussy_world @Collector_Crypt If I could give you a giga like, I would. I thought I was taking crazy pills while these goofballs were peddling this coin