people were paying millions for a picture of a rock and 6 figures for an owl

not even close yet

i threw all my remaining stables into buck, the gme mascot around 70m average

will try to accumulate more if we get lower

initially i was quite wary of this entire mascot pvp and was hearing that gme might launch their own mascot token, but after this tweet idt thats the case anymore

given gme's mindshare from the previous dumb money cycle, buck should be quite front facing as well

in terms of mascots this is the one that makes the most sense to me

will observe as we go along

trying to do some internal calculations and size adjustments accordingly, but the price really isn't allowing me to think

hm

i see a lot of ct folks replying under buck's post asking for ca

what are the odds that a legitimate web2 company would want to be implicated with web3 memecoin scandals?

almost zero to me... so i don't expect any form of endorsements or pvp vamp attempts from here on out now that there is only one leading buck

then we take a look at buyer profiles for current leading mascots

the leading mascot now is LUCE, the vatican's mascot @ 200m. religious aspect can potentially deter non catholic buyers. milady aspect is mostly ct oriented. it has binance listing rumours propping it up rn tho

the GME mascot could potentially see the degens of 2020 bidding something recognisable, the same ones that enjoyed the GME short squeeze, while also being a very normie friendly meme

symbolism of GME is another thing, but that might be a stretch for a case

mascot play also makes more sense for a memecoin as compared to meme stock like GME on sol that mostly relied on roaring kitty's tweets to pump it

if lester the LTC mascot can pull above 100m, i don't see why buck can't when its more pve

current take is that buck below 100m feels free and that it can potentially flip luce as the leading mascot token

sized up abit more here before i end the day

if i wake up to a dip will consider rotating some bags in

oh, if gme explicitly rejects association with the token it'll probably nuke prices but should be a nothing burger

however, on the more extreme end of things would be if they choose to sue over IP rights etc. like nala's (sharkcat) case previously, then things might get a bit tricky and uncertain

there's always this risk when dealing with copyrighted content

i still maintain the view that ai is still the best vertical as it acts as a schelling point for most people

majority of my allocation will remain in ai memes with very selected trad memes

been getting a lot of kind dms recently

just wanna say thanks for all the kind words and being so supportive and encouraging

hope everyone achieves their cycle goal! 🤠

i tend to miss a lot of dms, so do ping me again if it’s important and i’ll try to get back to you when i can

don’t ask me for money cause you went bust in the casino or send me a link cause i ignore sus dms

think im way too early on things in the trenches

everything i buy only starts running a few hours or days later

but it also speaks to personal conviction not being there

early curse in its full effect

180m on rif !

the goat of desci

leads to either taking profits too early or me thinking maybe the market doesn’t like it as much as i thought

but it turns out it’s just that the market doesn’t know about it

i just have to be even more patient and lower my iq further

patience patience patience patience patience patience

patience patience patience patience patience patience

patience patience patience patience patience patience

side effects of a memecoin cycle is the expectation of fast money

i bought this meme a few hours ago, why hasn't it 10x yet?

*another meme 10x-es*
*rotates to chase instead*

market is inefficient and things need time to play out because the market is always lagging behind either chasing random metas or have yet to discover the narrative

this applies to everything whether fundamental alts or memes, its just that with memes people are getting too used to fast money

slow down

always tempting to chase plays when your bags are not moving

but i think having conviction, clarity, and size in a trade beats chasing the current hot meme

all the chasing won't help your portfolio unless you're chasing with size

if you're operating on borrowed conviction (eg. following my trades), then its very pointless because you'll simply rotate out on the next hot meme and you will be tempted to jeet when bags are underwater

like thiccy said, most pnl comes from a few homeruns and i think that is so true