Newsletter #320 - Extreme Greed

Hey Shitcoiners,

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What a week! With the markets pumping and Bitcoin teasing us with a six figure price, the content has been flowing. First up, here’s a reminder that whatever number you have in mind it doesn’t matter. You are stuck with us forever.

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It feels like every day we are seeing a new Bitcoin all-time high. Saylor is undoubtable in a state of constant excitement.

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EXTREME GREED!

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A reminder to be humble this Thanksgiving. Actually screw that, throw on your best evening attire and be sure to gloat.

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We heard Brian was meeting up with Trump. Our degenerate bags will be going in through the backdoor!

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With the change of the guard we are happy to report that Gary is finally “stepping down”. Jesse is looking to accelerate the timeline.

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Always a man to offer an olive branch, Justin jumped in.

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As the US appears to be opening up, on the other side of the pond it’s looking a little more bleak.

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The moment you realize…

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Your bags are flying and everything is in up only mode… except for Ethereum.

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It’s doing so bad that liquid staking investors are suing to recover their losses. RIP.

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Apart from the -99% memecoin charts this is a standout for terrible performers of this current run.

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There were casualties.

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It feels very fitting to showcase some of the best “shitting on Ethereum” memes we have seen this week. It has been quite the spectacle.

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If or when Ethereum finally rises this is likely what Vitalik will look like.

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Hersch up next with the absolute fire. This market is a gift that keeps on giving.

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The lack of ETH price action is raising some important questions.

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Devcon was happening all last week and not even that was enough to pump the numbers in line with the market. Is the problem that there is no fresh blood in the Ethereum developer ecosystem?

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Devcon highlighted some other issues. Conferences are a net negative for the PnL.

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Ethereum is ageing and Solana is apparently the place to be for young, attractive developers. This image is a clear representation of the current situation.

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Is it time to hit the road?

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A reminder here from Raj that while the fundamentals might be good he still thinks there is plenty to do. A refreshing contrast from the endless bull posting!

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With prices rising at such a rapid rate everyone is looking for the next meta. Don’t go touching grass, you will miss at least two.

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This is a cesspool that cannot be ignored.

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The next generation of investors are coming and this is all sounding too familiar.

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One memecoin in particular took off in a big way. The degens were apeing into ChillGuy frfr.

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However, as it pumped to hundreds of millions in market cap we got word that the artist behind the meme was not too happy.

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The community responded.

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In another excellent memecoin story this week, a child rugged grown men for $30k.

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And in return they found out who he was, messaged his mother and ran the coin to over $80 million in market cap. RIP.

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It’s looking rough out there. Are there signs there that this may be over or was we just getting started?

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The trenches are not for the faint hearted.

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Is this how you pictured your 30s anon? Here you are trying to think what the zoomers will be buying next in your search for generational wealth. It’s a wild time to be alive.

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A reminder of how this could all look in a couple of years. Don’t get caught holding the bag!

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In other news, Roger Ver is up against the US government. Tone and Giacomo have put their differences with Roger aside. Be sure to sign the petition.

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Back to Justin. He has bought a banana and he’s going to eat it. We are excited to see the leftover peel on the Tron blockchain in the near future.

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We round off this edition with an important section. Although we can all hope that “this time is different” there will be signs when we have reached the top. Take note.

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