Dontcoold

[Dontcoold @Dontcoold]

I just claimed my $BLAST airdrop. Earn over 50% APY on USD by holding $BLAST on Blast Mobile https://t.co/QNTGWNXlHQ

[Dontcoold @Dontcoold]

@Goupenguin 这么多噶玛兰

[Chris Park @chrisparkX]

Meta goes down and ironically announces on X to let the world know. 😂

Tesla is up 69% year-to-date to reach the holy grail $420 stock price. 📈

What an LFG day all around. Anyway, let’s continue w the Pepe memes on X via Grok.👇

[Dontcoold @Dontcoold]

@BTCBruce1 先挑战一下pepe前10

[Naval @naval]

It’s going to take time to transition the world to a decentralized financial system.

Judging by market cap, we’re less than 5% of the way there.

[Dontcoold @Dontcoold]

@ZhouGuanyu24 Best wishes

[Tour de France™ @LeTour]

💛 RT & follow for the chance to win a 🇸🇮 @TamauPogi signed Yellow Jersey with @SANTINI_SMS

💛 RT & follow pour tenter de gagner un Maillot Jaune dédicacé par 🇸🇮 @TamauPogi avec @SANTINI_SMS

#TDF2O24

[Dontcoold @Dontcoold]

I just unlocked a @BLAST_L2 Golden Ticket which earns me Points, Gold, Uncommon Hoodies, and Cybertrucks! Download the Blast App to earn $BLAST and Golden Tickets in Phase 2!

[Dontcoold @Dontcoold]

the new @fantasy_top_ leagues are live! whether you're a shrimp or a whale, only guts and skills will get you to the top of the leaderboard.

i'm competing and ready to go for the 600K GOLD prize starting this Monday 💥

good luck anon https://t.co/nhfpHc8zRh

[Pirate Nation Foundation @PirateNationFDN]

The Pirate Nation Foundation is excited to introduce $PIRATE, an ERC-20 utility token enabling the growth & community empowerment of @PirateNation.

Launching on Ethereum — June 13, 2024.

🧵 covering tokenomics and other details.

[Dontcoold @Dontcoold]

@Zeneca hope you are right lol

[Dontcoold @Dontcoold]

Nice take Ben! Can we give every card a basic point regardless the engagement? It will take much pressure off hero and let them to be natural. @TravisBickle0x @0xMikado @0xKipit

[Ben Roy @benroy]

Some thots about @fantasy_top_

I'm already tired of my timeline i.e. tired of hero engagement farming, tired of seeing my own tweets even tbh 😅

TLDR:

🔹it's a cool game
🔹team is crushing it
🔹fantasy "sports" for social media makes sense
🔹getting DMed by my card(bag)holders is lame tho
🔹And it sucks feeling like I need to perform (or I'm letting people down)

That said, I'd be up for doing some kind of royal champion's league jamboree week-long tournament kind of thing, once per month maybe

Getting all these "heroes" to actually go hard over one week each month could turn into a fun little crypto twitter norm i.e. people come with their best bangers, make it a whole thing, etc.

But going beyond that is going to feel tiresome, unless I just completely stop thinking about it & tweet what I want + when I want + dgaf (this is likely the answer)

[Dontcoold @Dontcoold]

@Zeneca True

[Dontcoold @Dontcoold]

@benroy__ @fantasy_top_ Bullish

[Dontcoold @Dontcoold]

@TravisBickle0x What about Travis?

[Dontcoold @Dontcoold]

@PacmanBlur Good to know

[Dontcoold @Dontcoold]

@banditxbt @0xKipit @fantasy_top_ sick

[Dontcoold @Dontcoold]

@Zeneca twist and turns

[Dontcoold @Dontcoold]

@Zeneca time well spent reading your words.

[Dontcoold @Dontcoold]

"I'm personally bullish, I love the idea, I love the game, I think the team is great, I think the community is great, I think it's fun, I think it's novel, I think they have a viral marketing flywheel that is extremely effective."

[Zeneca🔮 @Zeneca]

Are FantasyTop cards overvalued?

Some thoughts i've had bounding around in my head on why they maybe are and aren't at the same time, applying to the wider NFT and crypto space as well:

First of all, all of this is batshit crazy. We need to recognize and appreciate that because sometimes we get lost in the haze of it all, but lol, we're trading the most intangible of intangible assets and the "value" of them all is "what's the next person gonna pay for it?"

Greater fool theory, with a twist, at least, hopefully. When you add in gamification, flex points, collectibility, and that dreaded word "utility", you can start to account for some level of value in all this digital nonsense we're trading.

Bringing it back to the idea of "things" being both over/undervalued at the same time -- I think there's case to be made that entire swaths of things can be overvalued but within that subset of things, there can be mispriced/undervalued things.

They are only undervalued relative to the rest of the (potentially) overvalued things.

To give a more concrete example, let's look at FT cards.

How many times have people said/thought "omg this card is so undervalued b/c look at the views the person is getting, and the algo changes coming bro, oh and I know they're gonna tweet a lot this week because they're taking the game seriously now, and they were intentionally sandbagging all week" and on and on?

And you know what, there's truth in all of that -- there ARE cards that have been very undervalued relative to the other cards, while at the same time, potentially, being overvalued if the entire asset class of FantasyTop cards has peaked/topped/will never hit new ATHs.

Now I don't know wtf is gonna happen with these jpegs of influencers. I'm personally bullish, I love the idea, I love the game, I think the team is great, I think the community is great, I think it's fun, I think it's novel, I think they have a viral marketing flywheel that is extremely effective.

But we've also seen this narrative a million times before, and every. single. time. there is a massive (MASSIVE) correction at some point. The difficult part is figuring out if that's now, or if everything is gonna 20x first and then we correct back down and perhaps hit a point higher than where we currently are (or not, can obv easily all go to literal 0 too).

Part of the game is figuring out where we are in the hype cycle, how the artificial incentives play into it all, what things will be like when those go away, and whether the risk/reward is there for you to be yeeting money into these things at this point in time (and keeping them in these things at every point in time that you choose to do so).

To figure out whether people are still gonna care and pay attention a month from now, 3 months from now, 6 months from now.

To figure out if it's worth selling now and trying to buy back later, or selling never never coming back, or holding through the dip, or doubling down and buying more.

You gotta do it for yourself though. You just have to have your own conviction in these things or it all falls apart when it all falls apart.

I think you can apply this framework to NFT projects, meme coins, just about anything. I see it all the time in this space. It used to be that rare-traited bored apes fetched a crazy premium (some still do), so if you saw one near the floor you could snap it up thanking your lucky stars and near-instantly flip it for a healthy profit.

That was all well and good until the price of apes dropped 90%. If you had neglected to flip in time, your "good buy" of the undervalued asset has very quickly turned into bagholding an extremely overvalued asset.

Be careful buying the "free" or "omg so undervalued" thing if the whole asset class might be overvalued. But also, the market can remain irrational longer than you can remain solvent. Hypothetically short these things and they could go parabolic, hypothetically leverage long and they could bleed and bleed and bleed.

Figure out your own strategy, use sound bankroll management, and manage your risk.

Worst thing you can possible do in crypto is go all in and lose it all - the opportunity cost of not being in this space with money to play with is monumental.

Anyway. A lot of words said, hopefully you found some value in them.