Words of the failures, commies, and fools.

Anyone treating memecoins like gambling is doing it all very wrong, despite what the commies may tell you.

As Thiel and many others point out,

Those who treat these things as gambles tend to use it as an excuse to refuse to put in the proper effort, or make themselves feel better about missing out, or an excuse for forced redistribution of wealth

While those who believe these shouldn’t be treated as gambles, instead tend to put in the required work, which often is large, but which is needed to turn this activity into something other than a dumb gamble.

Treat things as a gamble and you end up as the gamblers do.

You are not a lottery ticket.

Gambling is for losers.

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

That said,

Have long noticed many successful startups having a large subset of their employees not really believing in the product or industry at all,

at least not prior to it becoming a big success.

Strange phenomenon, though suppose it makes sense

— if those people really had believed in the mission, they’d probably be off doing it on their own, rather than getting paid by a startup to do it.

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

Classic Oak Tree Capital Memo:

+ “What makes a decision great is not that it has a great outcome”

+ “A great decision is the result of a great process”

+ “you can’t tell the quality of a decision from the outcome.”

+ “This revelation had a profound influence on me as a 17-year-old and represented the first critical building block in my understanding of how the world worked.”

Memo

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

IMO

My often-repeated advice

Always go in early on,

or never at all

(Though early does NOT have anything to do with lowest market cap, but rather, literally, literally early as in time)

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

Lots of memecoins suddenly down a bit in the past hour

Frontrunning a Saturday night dip of the majors?

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

If so, would interpret this as the memecoin holders seeing $SOL & $BTC attempting and failing to breach ATH again

Ofc the memecoin holders could be completely wrong,

But that may be what they’re thinking

Saturday nights often feeling weak in crypto

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

XRP holders coming out of their caves to sell at breakeven after 2 cycles

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

PSA:

Now that the bull market is coming back, time to get retarded again, asap.

7 months of repeated lower-lows has put everyone into confidently bear mode,

Screaming “take profit” on every pump, and they were right on every single pump, for 4 pumps in a row… until suddenly they were not

Regime shift time

Shift fast or get rekt

Then shift back to bear fast in 12 months

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

Occasionally, perhaps once per lifetime, there really is a $100 bill laying on the sidewalk,

Despite some economists saying this is simply impossible.

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

They just move on to the next scheme

Their issue is never the issue

Their issue is always their communist revolution

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

$228 $SOL

$BTC still at $90k

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

$233 $SOL

Nothing else budging much so far

hmmm

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

$238 $SOL

ATH soon?

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

RIP $ETH holders

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

JUSTICE FOR PEANUT

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

🐿️

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶