Real Stuff
Ignore the hot new thing, find the real things
Recently, I've noticed that the amount of noise on my timeline has increased exponentially.
As we move into more bullish conditions, every man and his dog on Twitter has exposure to the latest and greatest shiny new narratively driven AI Gaming Dog coin made by a dev whose third cousin once worked with Jess Bezos.
The group chats you’re in are sending you a brand new ticker every hour.
People are coping with the fact that the coin they saw at $500k market cap is now $900k market cap, and then an hour later celebrating that they didn’t buy it because it turns out the founder was arrested for kidnapping a dog when he was 21.
It’s very, very easy in these conditions to find yourself overtrading.
I do it myself. Spending FAR too long every day thinking about memecoin charts where I have zero edge and am at the whim of whatever the random dev launching it does.
This is a huge waste of my time.
The risk profile for me just doesn’t make sense. Of course the multiples can be huge. But 999/1000 times these tokens go to zero, and the ones that make it you have to sit through extreme fud, huge swings and volatility.
I’m not suggesting I’ll never trade Memecoins, they can be super fun and some can do very well. But it shouldn’t take up 90% of my time or mindshare when there are projects that can return similar multiples with orders of magnitude less risk.
I just want to trade based on logic rather than on dopamine.
I think it’s easier and more likely to provide higher returns if I find the projects that are actual, real and legitimate and building something that might actually work.
Why are some of these projects lower risk and likely a better opportunity?
Maybe they built during the bear market and struggled to gain funding because everyone thought this industry was a joke?
Maybe you can buy these tokens at a significant price discount vs their leading competitors, because the market is so inefficient no one has noticed yet?
Maybe the good projects are still in development, and no one is looking at them because they’re all too busy trying to farm Suiswap on 21 alt accounts that they miss the project that launches and does exceptionally well?
Maybe real, talented, skilled but frustrated developers are about to move their AI innovations into Crypto because they are annoyed that the US government wants them to report everything to them. Maybe the usual Crypto traders haven’t found them yet?
Maybe finding these projects early and contributing / investing / interacting with the others that have found them will lead to better outcomes than yolo’ing into whatever influencer 53 is posting on twitter?
Basically, this is just a post aimed at myself. Reminding me to stop focusing on random gambling which will suck away my time and capital and instead do the work.
STOP LOOKING AT THE ONE MINUTE CHART AND THINK LONG TERM.
Find the teams that are here for the right reasons.
Find the projects that are actually innovating.
Find the discords where there are 10 people who show up every day but engage in good faith and are hyper intelligent.
Find projects to farm where I have a real edge vs the competition.
Find other people in Crypto who are working hard too and work with them.
If you’re working to find these projects too, DM me on twitter. I’d be interested in sharing thoughts and ideas!
As the great Keone once said, we all have the same 24 hours. It’s time to spend less of them fomo’ing / coping / gambling, and instead do the work that will give you real results.
