Thread
The bear market hype cycle is a participant killer
A short review
🧵👇
(1/10)
A short review
🧵👇
(1/10)
Shiny object syndrome is the belief that something new is worth pursuing
We've had:
• ARB airdrop
• Nakamigos
• Outlaws
• $PEPE
• $WOJAK
Each driving the hype cycle further and further
(2/10)
We've had:
• ARB airdrop
• Nakamigos
• Outlaws
• $PEPE
• $WOJAK
Each driving the hype cycle further and further
(2/10)
Liquidity 🎯
You can visualise as the money moves
• Narrative A is exhausted
→ Move to Narrative B
• Narrative B is Exhausted
→ Move to Narrative C
Ad nauseam
(3/10)
You can visualise as the money moves
• Narrative A is exhausted
→ Move to Narrative B
• Narrative B is Exhausted
→ Move to Narrative C
Ad nauseam
(3/10)
Participants 🎯
There simply isn't enough participants to ensure projects live to see another day
I've seen multiple 'hyped' projects fall below mint price
As well as NFT degens who jumped shipped for more riches
(4/10)
There simply isn't enough participants to ensure projects live to see another day
I've seen multiple 'hyped' projects fall below mint price
As well as NFT degens who jumped shipped for more riches
(4/10)
Death of NFTs 🎯
NFTs as an asset suck.
It has been the same flavour for months now
• Projects drops
• Pumps on release
• Proceeds to go to 0
It is an industry where 90% of people are not making money
If people don't make money, people don't participate
(5/10)
NFTs as an asset suck.
It has been the same flavour for months now
• Projects drops
• Pumps on release
• Proceeds to go to 0
It is an industry where 90% of people are not making money
If people don't make money, people don't participate
(5/10)
CONT//
And with the running theme of NFT/NYC speakers is that in their current format, NFTs have failed at achieving their goal
Limited narratives, limited excitement, liquidity drying up
(6/10)
And with the running theme of NFT/NYC speakers is that in their current format, NFTs have failed at achieving their goal
Limited narratives, limited excitement, liquidity drying up
(6/10)
Benefits of the hype cycle 🎯
EYES ON 👀
Nearly 1 million people speaking about PEPE catapulting it into most trending twitter topics is notable
Bringing those people who never had a crypto experience are onboarded
(7/10)
EYES ON 👀
Nearly 1 million people speaking about PEPE catapulting it into most trending twitter topics is notable
Bringing those people who never had a crypto experience are onboarded
(7/10)
CONT//
I spoke about viewing meme coins as an onboarding mechanism below 👇👇
(8/10)
I spoke about viewing meme coins as an onboarding mechanism below 👇👇
(8/10)
Problem 🎯
We keep chasing the next hype and not allowing the initial to grow and build
In turn our bags get smaller from capitulating to catch next wave
Not enough capital for participants to keep up
(9/10)
We keep chasing the next hype and not allowing the initial to grow and build
In turn our bags get smaller from capitulating to catch next wave
Not enough capital for participants to keep up
(9/10)
Understandable 🎯
Its a bear market, people are looking for the next thing to gamble on with limited liquidity that is left
Its worth keeping a level head and looking at value long term as well as short term
"Bet on the next cycle not the next play"
(10/10)
Its a bear market, people are looking for the next thing to gamble on with limited liquidity that is left
Its worth keeping a level head and looking at value long term as well as short term
"Bet on the next cycle not the next play"
(10/10)
Mentions
See All
Kouk.eth @kouk_web3
·
Apr 21, 2023
Great thread Fren! That’s the thing bear market hit hard and at the moment everyone is chasing the next pump. This won’t change in any time soon and as liquidity and market participants lower we won’t see a recover soon. That said some projects will thrive so let’s aim to…