The Enemy Of My Enemy...

Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.

Good morning, or should I say good evening (ma’am). Long time no chat. I figured it would be a good time to check back in on my fellow degenerates. Good summer? Hit a 100x? Lose it all? All of these acts are equally commendable and hopefully 2 of those 3 things have come true for you.

I’m sure many of you who I talk to frequently have noticed my significantly decreased online presence. Since Labor Day weekend, I’ve admittedly been much less involved in the shitcoin casino. After getting scorched on a few bad beats last month, I had a moment of lucidity and found myself constantly refreshing dexscreener while contorting my body in an irreversible fashion on my couch as I punted ETH after ETH into a combination of LP pulls, OX unlocks and zeroes. Buying a lot of shitcoin rugs does lend credence to my anti-jeet arc, though - my sell button is literally disabled, for free!

Eventually, I had enough. Losing money sucks and recently I’ve grown extremely busy at my IRL job and have had less time to make poor decisions. Remember when I said this newsletter is my personal journal? I meant it.

Being less active hasn’t come without its challenges. The itch to fire up Unibot and dexscreener side-by-side as you spin the proverbial Magic Wheel is too hard to ignore for so many. Imagine when retail is given access to this technology? The level of accessibility to instantly vaporize a lot of money? Why do we need treasury bonds to destroy liquidity when this capability exists?

It’s this instinctual, intrinsic human urge to gamble that gives me hope. A newfound patience, if you will. For the last few months, I feel like I was chasing the dragon after riding the highs of Pepe, Turbo, Her, and many other wins. In turn, I ended up giving back a decent chunk to the unforgiving market. Alas, we press on.

To elaborate, I’m extremely long on degenerate human gambling. While I admit that my risk tolerance sliders have been cranked all the way to the max for a while now (that hasn’t changed), what has changed is that I’ve become a lot more patient. Why? Because this past summer is but a microcosm of what is to come. Many late entrants getting DUMPED on by those early to Unibot, Ox, HPOS10I, and a myriad of others that captured our attention. In other words, I think many that have stuck around until now and continue to stick around will be the folks that are extremely early to the wave of institutional capital and casual retailoooors that will pump our bags later down the road.

In particular, retail will buy at any price. I strongly believe this.

Remember in 2021 when your friend who only downloaded Coinbase a week prior was talking about Dogecoin hitting $1 at 30 cents? This is bound to occur again in the future.

In the meantime, with the Binance shitstorm brewing and fatigue setting in from the endless sniper tool users dumping on FOMO chasers, I think it’s best to sit out for now. Build your reserves slowly and then tactically deploy. Have a strategy and stick to it. I’ve quietly been back in the war room with a simple yet comprehensive plan on how to get some more skin in the game again.

In a bull market, it only takes a little to turn into a lot. We’ve been in the 7th circle of hell for so long that we’ve forgotten what easy mode feels like.

Manifest it. Remind yourself what it takes to become a legend. And don’t rush it.

Back to my coffee.

Cheers,
Chuck