@Kaffchad: Murad's Token2049 presentation...
@Kaffchad
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Oct 30, 2024
1
Murad's Token2049 presentation about the coming Memecoin Super Cycle exploded on CT.
His core message was straightforward: a large fraction of tokens that outperform BTC are memecoins.
I find it hard to conclude anything other than that #memecoins are inherently more volatile and far more numerous than “utility tokens.”
Retail often acts as exit liquidity for “tech tokens”, this triggered the wave of memecoin pump recently.
The more you buy, the more belonging, identity, and fun, and the more upside you gain alongside #memecoins.
✨ I agree with a lot of @MustStopMurad's thesis:
▫️ Many investors are burned out with unprofitable tech/utility tokens.
▫️ Memecoin launches tend to be fairer.
▫️ More memecoin cycles are likely.
▫️ Narrative pricing overshadows value pricing in tech coins.
I find it hard to conclude anything other than that #memecoins are inherently more volatile and far more numerous than “utility tokens.”
Retail often acts as exit liquidity for “tech tokens”, this triggered the wave of memecoin pump recently.
The more you buy, the more belonging, identity, and fun, and the more upside you gain alongside #memecoins.
I agree with a lot of @MustStopMurad's thesis:
▫️ Many investors are burned out with unprofitable tech/utility tokens.
▫️ Memecoin launches tend to be fairer.
▫️ More memecoin cycles are likely.
▫️ Narrative pricing overshadows value pricing in tech coins.
✨ However, I disagree on a few key points:
[1] Speed of Getting Rich = Speed of Getting Poor
Cults around “token go up” are dangerous
Losses can lead to doubt and pressure to sell, worsening declines.
[2] Narrative-Based Pricing is Not the End State
Crypto is in a bootstrapping phase; speculation exceeds fundamentals but won’t last forever.
Revenue predictability is scarce, and future potential outweighs short-term revenue.
[3] You Are the Product, Not the Memecoins
Volatility harvesting is key. There are 4 ways to make money:
1⃣ High-risk, low-reward (e.g., restaurants).
2⃣ Stable incomes (e.g., jobs).
3⃣ High-risk, high-reward (e.g., memecoins).
4⃣ Significant returns with limited risk (i.e., volatility harvest 3⃣).
There’s no guarantee for memecoin traders. The trend shows more people moving to 3⃣, seeking speculative income amid inflation.
Who nudges them?
▫️ VCs and their marketing.
▫️ Managers with artists.
▫️ Franchise dynamics.
▫️ Play-to-Earn games.
▫️ Influencers.
A memecoin supercycle may arise. If it does, you should be on the supply side, this is crucial if you want to mitigate risk.
His core message was straightforward: a large fraction of tokens that outperform BTC are memecoins.
I find it hard to conclude anything other than that #memecoins are inherently more volatile and far more numerous than “utility tokens.”
Retail often acts as exit liquidity for “tech tokens”, this triggered the wave of memecoin pump recently.
The more you buy, the more belonging, identity, and fun, and the more upside you gain alongside #memecoins.
✨ I agree with a lot of @MustStopMurad's thesis:
▫️ Many investors are burned out with unprofitable tech/utility tokens.
▫️ Memecoin launches tend to be fairer.
▫️ More memecoin cycles are likely.
▫️ Narrative pricing overshadows value pricing in tech coins.
I find it hard to conclude anything other than that #memecoins are inherently more volatile and far more numerous than “utility tokens.”
Retail often acts as exit liquidity for “tech tokens”, this triggered the wave of memecoin pump recently.
The more you buy, the more belonging, identity, and fun, and the more upside you gain alongside #memecoins.
I agree with a lot of @MustStopMurad's thesis:
▫️ Many investors are burned out with unprofitable tech/utility tokens.
▫️ Memecoin launches tend to be fairer.
▫️ More memecoin cycles are likely.
▫️ Narrative pricing overshadows value pricing in tech coins.
✨ However, I disagree on a few key points:
[1] Speed of Getting Rich = Speed of Getting Poor
Cults around “token go up” are dangerous
Losses can lead to doubt and pressure to sell, worsening declines.
[2] Narrative-Based Pricing is Not the End State
Crypto is in a bootstrapping phase; speculation exceeds fundamentals but won’t last forever.
Revenue predictability is scarce, and future potential outweighs short-term revenue.
[3] You Are the Product, Not the Memecoins
Volatility harvesting is key. There are 4 ways to make money:
1⃣ High-risk, low-reward (e.g., restaurants).
2⃣ Stable incomes (e.g., jobs).
3⃣ High-risk, high-reward (e.g., memecoins).
4⃣ Significant returns with limited risk (i.e., volatility harvest 3⃣).
There’s no guarantee for memecoin traders. The trend shows more people moving to 3⃣, seeking speculative income amid inflation.
Who nudges them?
▫️ VCs and their marketing.
▫️ Managers with artists.
▫️ Franchise dynamics.
▫️ Play-to-Earn games.
▫️ Influencers.
A memecoin supercycle may arise. If it does, you should be on the supply side, this is crucial if you want to mitigate risk.
