Good advice. To add: many like to be counter trend. They like to long when the trend is down, short when the trend is up. Tailwind is always your friend, and shorting is lame. Find a market somewhere with a tailwind and ride it on the long side.
I have successfully predicted many things in the past, and don’t let below become a reality.
Over the last 12 months or so, base tried to uplift all builders on @base and via many of its experiments, it has exhausted much of its users base. I used to keep 7 figures on base, I am down to 4 figures. This is how much TVL was lost.
We are seeing the first stage of deterioration where builders, TVL and users are going back to @ethereum mainnet where TVLs are sticky and Defi users are not thriving but also not deteriorating at this rate.
What keeps me up at night is thinking about 1-2 years down the road where @RobinhoodApp rolls out a L2 with the main focus of RWA like tokenized equity, treasury, FX, and derivatives, these are what real MM likes and easier asset to gain TVL and liquidity onchain.
As i have mentioned multiple times in the past, liquidity and user distribution is the name of the game. If this happens that would be armageddon not just for @base but for @coinbase as a whole.
(Now seeing Liquidity left for mainnet, existing users got exhausted)
Knowing this is a potential outcome and seeing base’s current trajectory, I think @jessepollak needs a real strategic advisor next to him, or at least be open to feedback to how to retain as much capital and users base so you don’t just hand this victory to Robinhood.
How easily these guys have left you and @base, @RobinhoodApp will do it 10x faster than this.
I wish I never had to make such tweet but @baseposting your affiliates is making @base a joke ground.