Fun with Friend.Tech

How spending countless hours on CT finally made me some money

Devoting the last years of my life to becoming an expert in niche Crypto Twitter influencer lore and the unspoken yet collectively agreed-upon hierarchy finally paid off this week.

It paid off in the form of staring into the bright white lights of my mobile phone for close to 30 of the past 48 hours and spamming "buy" whenever a new niche CT microcelebrity joined Friends.Tech.

The great part about this trade was that the risk was super low, with great relative upside. If you were among the first few people to buy shares, the price was below ten dollars, and top characters quickly shot up to thousands of dollars.

At the start, this was very easy; yes, you had to fight against the app crashing constantly and other people who had fast click speeds, but it was pretty simple to buy even some of the bigger names for close to free if you paid attention.

Of course, as time went by and people caught on to the financial upside, bots started to appear and sadly most of the alpha has now dissipated. But for an extraordinary length of time (given the possible returns), it was a battle of who can stare at their phone the longest and spam the buy button the fastest.

It was like an ultramarathon you could do from your sofa, where you’re paid $200 per hour and don't really have to experience any real discomfort apart from some mild hand cramping from holding your phone in an awkward position for hours on end.

One thing I found particularly interesting was the reaction I observed in various group chats and Discord groups.

Some chats I was in saw this phenomenon very early and simply said, “social tokens sound dumb; we’ve seen this before with BitClout,” and went back to their day.

Other group chats saw the opportunity to be early to something new and interesting. They dropped everything, deposited some cash, and began trading.

The average member of this group chat is now thousands of dollars richer for merely trying something new and putting in a tiny bit of effort. Members of the other chats are now just about getting around to signing up.

Finding people who are open-minded and are willing to squint hard to see the opportunity in new untested things has been critical to almost all aspects of success I’ve had in my Crypto career.

This has been the playbook of the most successful on-chain traders, and it's likely to continue this way. You can only keep an eye on so many things yourself, so forming groups with those in the trenches and collectively covering more ground is a key aspect of making it here, alongside avoiding those who have become jaded.

Anyway, this has been an incredibly exciting and profitable week, and I find the SocialFi topic genuinely interesting. DeBank also announced they're launching a new chain, so developments are happening rapidly.

I’ll write some further thoughts about this topic next week and explore DeBank in more detail, as I think it's one of the best products we’ve seen in a very long time.

Have a great weekend!

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