We had a talk about prediction markets in the office today and the key takeaways were this:

1. Aside from stablecoins, prediction markets are the only crypto product that has made it into the mainstream.

2. Prediction markets are primarily retail. Because…

you know that period where pump did well, then aster ripped a big multiple then plasma pumped

that was what it was like during previous cycles

but instead of a 1 week period it went on for years

I knew Ping was an obvious fade this week because what happened on Binance was going to have repercussions in the following days to weeks.

If you had paid attention, Wintermute was openly stating that Binance fucked them with aggressive ADL at prices that…

I guess binance doesnt even bother at this stage hiding it. The reference price for slerf is 0.07...perps at 0.28 and funding is normal(?) ....if you wanna scam, do a better job hiding it???

I’ve never sold the top of the cycle in my entire crypto career - not once.

2017? Round-tripped the entire stack in 2018 like a champ. Held it all the way up… and all the way back down.

2022? Got a little wiser. Sold a bit late, but at least walked away…

Crypto has lost the plot. I'm tired boss.

This place used to be punk, but it's sold it's soul to the institutions it vowed to dethrone and has lost its identity entirely.

Crypto was intended to be an apolitical rebellion. That's been replaced with pseudo…

@AzFlin @z0r0zzz When ppl claim this I always wonder how they think it happens, or have unrealistic expectations on how much $1bn actually is.

I joined crypto with $200. If I held my initial bitcoin since then and never traded, I would have ~$300k.

If…

Thoughts on the market (not a doom post)

I still believe BTC will eventually catch up to gold —but it’ll just take longer than everyone is expecting.

I wanted to take a step back and reflect on the market more broadly after speaking with many funds and…

The Binance listing game is darker than you think:

Last year I launched $BLOCK - X's most viral campaign, and my biggest flop to date.

Binance had a part in it. But nobody knows this story:

September 2023, Token2049, Singapore. I met a well known chinese…

Rasmr reveals his port was $8k in late 2023 and is now multi 6 figs

"Late 2023 my whole port was $8k, I followed this guy named Ansem and bridged my $8k to SOL, I then started trading Solana memecoins and making content and now my port is multi 6 figures"

Have you seen what’s happening with gold lately?

Have you seen the queues of normies lining up to buy it after it’s been going up parabolically for months?

Please, if you haven’t done that already, take a look at the gold chart right now.

It looks like…

I rlly think these last two weeks of October are going to be incredibly important, you wanna be glued to your desk with at most a loosely held bias

most of ct has an incredibly flawed and warped perception of money and "figs" and life and values

for people who dont go outside (like many on ct) it's easy to fall into a trap that your value as a human is defined by the number of figs (a good but not great…