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Crypto fucking sucks right now.. - Trump and his wife launched "official" memecoins - Milei’s national meme rugs and fucks everyone - Dude buys @kanyewest's account just to pump a meme for max extraction from unaware retail - A guy loses everything on memes, livestreams his suicide saying “If I die, turn me into a meme” and sick bastards actually do it minutes after That’s just the last month.. This place has become a cesspool of degenerate bullshit Pumpfun scams left right and centre, people fucking on camera for pumps, kids threatening animals if there are no buys.. It’s beyond pathetic The worst part? The people who should be gatekeeping are enabling this shit @cz_binance pushing memes of his pets just to pump volume on @binance @coinbase and other tier 1s listing every garbage meme coin under the sun, just to make a quick buck while retail investors get obliterated This space was supposed to evolve.. to be the future of finance.. a decentralized revolution Instead, it’s devolved into a fucking whore house Catering to the lowest common denominator and pandering to the dumbest most degenerate impulses.. which leaves a shitty stain on the entire industry Surely the space is better than this? There is some incredible stuff being built in #crypto but its all being pushed to the corners whilst everyone dives head first in this lunacy The most influential people in this space have the power to steer this change.. for the good of the industry People like @brian_armstrong, @cz_binance and others.. they can lead the way and help crypto fulfill its potential But they are currently choosing greed instead of wanting the space to flourish and improve our society It’s fucking embarrassing to be associated with this shitshow right now This ain't the future of finance, It’s a fucking circus.. and right now the clowns are running the show

#Bitcoin goes up = Alts go down Bitcoin goes down = Alts go down Bitcoin goes up again = Alts go down I dunno about you.. But I'm not enjoying this bull run so far..

So.. Are we supposed to just forget about all the traders who took their own lives because they were blown up by this shitty market manipulation that caused the worst day in #crypto history? Absolutely ridiculous.. Its so fucking obvious Pisses me off man

What if.. The reason $ZEC is pumping so hard.. Is because all the #Bitcoin OGs and early holders are dumping out at $100k.. Since they realize #Bitcoin has been co-opted by banks, institutions and governments And they're moving back into a protocol that actually fits their original ethos? Privacy.. freedom.. self-sovereignty.. A great rotation from #BTC to #Zcash That would be wild

I think its pretty clear given the market sentiment.. Plus the fact the previous cycle dates lined up.. that we're on the cusp of a severe bear market I fully expect #Bitcoin to be back in the $3k to $5k range by end of next year It will be one of the most brutal years on record and anyone holding a single asset will be obliterated By the end of 2028, $BTC will be over $1 million I have shorted with size and will long from the bottom.. I will be the richest person on this planet by 2029 Do not fade me (Subscribe to my X account + Patreon and buy my course 🙏)

Just the Co-Founder of YouTube, @Stevechen reposting content about #Bittensor Probably nothing.. $TAO

An update 👇 I'm going to share some thoughts on a few projects I'm bullish on.. some I've spoke about over the large 6 months.. the general market and a bit about myself First off.. with $TAO, its pretty simple.. AI is rapidly reshaping our world and the pace of change is accelerating every day We’re currently witnessing groundbreaking innovations and advancements from AI startups, enthusiasts and companies across the globe BlackRock and Microsoft just launched a record setting $30 billion fund to fuel AI infrastructure.. and this is only the beginning Artificial Intelligence as a sector ranks #30 on CoinGecko, a position I believe is massively undervalued.. Over time, I’m confident AI within the crypto space will grow to rival the largest categories, such as Layer 1s, smart contracts and stablecoins My belief is that $TAO is primed to capture a major slice of this AI market.. Just as $ETH has done for Layer 1s and smart contracts and $BTC for proof-of-work and the crypto space at large Diving into $TAO is like diving down a deep rabbit hole.. It takes time to truly grasp why it belongs in the same conversation as these giants.. But once you do, everything falls into place and there’s no turning back With Dynamic TAO, smart contracts, expanding subnet slots, innovative incentive mechanisms and full decentralization on the horizon.. #Bittensor is still in its infancy $TAO is slowly attracting the brightest minds.. drawing talent from all corners of the globe who recognize the enormous potential of the #Bittensor network... It offers something revolutionary.. An open, powerful, permissionless alternative to the centralized AI playground created and dominated by the worlds largest mega-corporations Yes, there will be growing pains and setbacks along the way.. but that’s part of the journey These challenges will forge a stronger, more secure and resilient network.. free from centralized control, just like Bitcoin I simply don't see another AI project or protocol in this space that is able to rival what is being created with #Bittensor $TAO occupies over half of my portfolio and is my largest position by a country mile My first investments in $TAO were between $5 and $15 and at the time was my largest single investment I ever made The network has taken its bump over the years but it's always pushed forward.. continuing to evolve and do what is best for the network itself, rather than it's individuals This has only led to my conviction growing stronger and stronger as time has passed I don't always agree with people in the ecosystem.. but I respect nearly all of them for their desire to help #Bittensor reach its potential As a mere investor, my capabilities are somewhat limited.. but my plans are to utilize the #bittensor network to create something for the benefit of others in the future As long as the network grows stronger.. the price will follow It's just a matter of time ⚪️ Remember, if the $TAO price is higher today than it was yesterday.. it means the tech is better $TAO $QNT was my first love.. Back in 2018 I was put onto $QNT by @CryptoCoight in a random series of DMs.. Something I am still grateful for till this day Over the next few years I poured my heart and soul into helping spread the word and educating others on why $QNT was an undervalued gem that was worthy of its place at the very top of #crypto and beyond It had the potential to change the very foundations of our society by enabling a digital future of interconnectivity between the traditional world and the new Even back then, it was pretty obvious the @quant_network team were already make the moves necessary to make this vision become a reality The price was under $1 and I believe it was around $15m mcap, although I could be wrong.. It currently has a valuation of over $1 billion A success, sure.. but much like $TAO, it was always destined to go higher I took big profits on $QNT around $300.. on the way down, not the way up.. It was a mixture of locking in profits due to concerns that it's cycle had run too hot and the reality of being able to help my family by securing those large gains Over the years I also wrestled with the morality of investing in something that enabled the flourishing of CBDCs.. something that I have grown to disagree with as I learn more As time has passed, I've eased on that notion.. You can only have so much morality when operating in such a cut throat environment.. Hell, even Warren Buffett shills coca cola at every opportunity when he knows that stuff is addictive and terrible for the human body At the end of the day, we're here to make money for the betterment of our families and CBDCs are just one vertical among many that $QNT will touch So, I had been patiently watching $QNT throughout this market bleed and made a series of new entries around the local lows I own substantially more $QNT now than I ever have in the past More and more institutional giants and world leaders are openly sharing their praise and need for #Overledger IETF SATP adoption is becoming more prevalent and the success of the Regulated Liability Network experimentation phase, which is basically a global Real Time Gross Settlement system.. is positioning $QNT as an integral piece of the new financial system Much like $TAO.. I firmly believe $QNT will occupy a position at the very top of crypto and it will only be a matter of time before we see them in the Top 10 My journey has come full circle and brought me back to $QNT It's only fitting 🤝 Nothing will ever beat the early days of $QNT.. I miss the Fellowship $QNT In the interest of your time.. I will try to make the rest of this article shorter, my apologies I had high hopes for $KAS and they are continuing to exceed them The first project to truly succeed in tackling the blockchain trilemma.. $KAS doesn't sacrifice on speed, security or decentralisation From a tech perspective, $KAS has the capabilities to rub shoulders and compete with the likes of $ETH and #Bitcoin.. because it addresses the limitations of both and provides a powerful solution to the bottlenecks that have plagued these giants Do I think it will be able to surpass them? No, not really Best tech does not always win in this space.. but I'm confident it will continue to close the gap over time Being able to outperform POS networks in speed and finality with 10BPS on a POW system is an incredible feat.. Which will only become more impressive as they work towards 100BPS This week saw the introduction of smart contracts and the KRC20 standard.. a milestone that will move $KAS into a new phase I have owned $KAS since half a cent and its been a joy to see it move into the Top 30 as it marches to the Top 10 along with $TAO and $QNT My hope is to one day see all three occupy a slot amongst the ten top projects in #crypto Time will tell if that will happen $KAS I think we need to talk about $RWN.. If you have been paying attention.. I have been incredibly bullish on the project over the past 6 - 9 months I made it my largest conviction investment ever after a few rounds of research and had a strong belief its business strategy and fundamentals will push it on a path as the three projects mentioned above.. Well.. since then, a lot has happened I made my investments in $RWN in the single digit cents.. it then ran to $0.37 and over the past 3 months, has seen a brutal decline of over 95% During this whole period, I sold no $RWN.. Round tripped the entire thing and am now in the red on the single largest bet I've ever made... Ouch So.. what happened? Well, no one really knows I have been looking for answers for a good while now.. trying to communicate with the team and challenge people familiar with the matter.. but I have had no clear answers on the reason for this In all honesty.. everything has been frustratingly vague and opaque Word on the street is that two wallets with a large percentage of the supply was sending huge amounts of $RWN to the exchange.. This coincided with the large dump seen on the charts Since then we have been told that there was a raise done by the team and the terms of the contract dictates that vested tokens are sent to the exchange as the VCs were not satisfied with the quality of the Rowan wallet The Rowan team mentioned the funds were contracted not to sell.. although I have my concerns as to how this is implemented with the nature of how difficult it is to see activity once tokens hit exchanges It has also been said by the team that they believe the two wallets and the funds sold no tokens on the market.. And that the selling was entirely fueled by panic within the community around the movement of these wallets Personally, I don't believe this to be true and find it very convenient.. but then again, I have no way to disprove this My issue is around the lack of transparency and verifiability with Rowan The explorer badly needs revamping and is only able to showcase the past 12 txns on a wallet.. this means there is only so much that can be done when trying to piece together and verify what is happening on-chain The community also has no way to certify the circulating supply other than wait for monthly/quarterly reports.. This is a big issue seeing as the deals with funds will ultimately see in increase to circ If even half of what the $RWN team share from a business perspective is true.. then the project will genuinely be on an incredible growth trajectory The problem we currently have as investors is that we have to take everything at face value and essentially implement a "Trust us" approach The CEO mentioned a new explorer and dashboard is in the works with the ability to showcase data across the network including installs, distributors, buybacks etc.. and this would be a great step forward I am not saying any of this to FUD $RWN.. All of it is true and public information I am still fully invested in $RWN so it would be stupid for me to FUD my own position.. but I do think it is important to highlight what has happened and try to give context as many found $RWN through my account At this point.. I don't really know what to think The biz dev side may be doing incredible things.. but crypto side has been handled horribly and I know there are people internally pushing to improve this but my fears are they've been largely ignored At this point.. this investment for me has become an all or nothing type scenario Half of me believes everything they say on the business side of things for $RWN.. The other half believes there is something they are not telling us throughout this whole ordeal Like I said.. there is no way of knowing My current position is to hope the half that believes in the growth potential of $RWN wins out and all this is a mere bump in the road I'm not selling any $RWN.. so lets see if everything the team have been saying is true If I'm wrong.. then I will eat the bagel on this one 👍 The market Liquidity is everything.. and its beginning to turn up I think @BittelJulien and @crossbordercap have done some great work around this and it's something I am in full agreement with #Bitcoin will continue to follow the larger liquidity trend.. and with Global M2 now pushing higher, the next 6 to 9 months will be a great environment for risk assets to perform Everyone is talking about the recent 50bps cut by the FOMC.. I personally don't think the cutting cycle is the defining factor The Rate cutting phase has a different impact depending on the strength of the economy and whether things are heading into a recession or not - Yes, unemployment is turning up.. but its still at historically low levels - Inflation is nearly back to the Feds 2% target with @truflation reporting it lower at 1.17% - Rates have moved higher with ferocity.. but again, historically 5% is a low interest rate environment I'm not an expert when it comes to macro.. I would even go as far as to say I'm a novice.. But my uninformed opinion is that liquidity will lead the way and give #Bitcoin the slack leash to push to new all-time highs and clear six digits.. This will give crypto the license to follow suit and initiate a parabolic bull cycle into 2025 From there.. who knows how high things can go I'm not making predictions.. I just want to be directionally correct and take chips off the table when things run hot and make sense My monkey brain tells me that mid to late 2025 will be that time The past two #BTC cycles have taken exactly 152 weeks to move from the cycle lows to new all-time highs - Jan 2015 > Dec 2017 = $BTC up 12,858% - Dec 2018 > Nov 2021 = $BTC up 2,119% If history were to rhyme.. it would mean a cycle top in October 2025 Do I expect that to play out exactly? Probably not.. But it gives us an insight into how the past can help guide us in understanding where we might be in the current cycle Things to look out for.. Timing the top is incredibly difficult and best practice is to frankly not do that.. But if you are.. here are some things that may help in doing so: - When apps/wallets like Coinbase, Phantom etc, are #1 in global iOS or Play stores It indicates that we may be at peak mania as everyone and their dogs are looking to download and jump in on the action - Pi Cycle indicator (350 lma - 111 sma) This indicator has a great track record with indicating when $BTC has topped.. Its wizardry suggests that when the Short Moving Average catches up and taps the Long Moving Average.. A cycle top occurs Basically.. When Red line touches Green line = #Bitcoin Top So far.. The two MAs are wide apart, suggesting we are at the mid point of the cycle You can add it to your charts on Trading View for free 👍 - When you are at peak Euphoria Look around.. is everyone making money? Are you feeling like a genius? Is your portfolio at levels you could have never imagined? Are your family requesting you re-mortgage the house to buy some $DOGE? This may be an indication that the market is way too hot and its time to take some profits - SOPR (Spent Output Profit Ratio) I could explain this but @theionicXBT recently did a great post about this indicator so I will refer you to that x.com/theionicXBT/st… Hope these help 👍 The Boring Bit - My Life Some of you have noticed I haven't posted recently.. Some of you asked if I was dead I'm not 👋 I mentioned that I would begin to move away from this space as time goes on.. This is what that looks like My goal with this account has always been to help others find top quality projects.. Overall, I think that has been the case and there has been good value that Dread Bongo as a whole has provided over the years Recently however.. I think there has been too many mis-steps and fuck ups to honestly say that is still the case When you have an account of this size.. there comes a lot of people hanging on your every word.. With it comes an increased amount of responsibility to get things right.. and its been pretty clear I've not been doing that Hence, why I decided to accelerate the process of leaving social media.. for the good of everyone People think those fuck-ups have been done through malicious intent.. when in actuality, they were done so because of sheer incompetence If I was to continue in the vain I have been with an account of this size.. I would have to improve in a real way.. because as things currently stand, I just don't think I am good enough Of course, there has been successes along the way, but there has been plenty of failures too.. there is just no hiding or denying that So.. I've retreated into the darkness to invest alone Honestly.. it feels like a blessing and has allowed me to reassess myself and my portfolio to maximize the rest of this cycle I do want you all to know that I tried my best over the years.. sometimes that wasn't good enough and that's on me I'm still in my Discord every day, available to chat.. Its quiet but I like it that way You can join it here 👉 discord.gg/WcJscbjpXP This isn't to say the door is closed.. but like I said, I will need to seriously improve is I was to continue I may even squeeze one or two more posts like this throughout this cycle Currently.. I am enjoying life with my family and focusing on different things Cutting out the toxic side of social media has been great and I don't miss the countless daily arguments and death threats It's an emotional space and I think we all sometimes forget that.. We are operating in the most volatile market in the world and expecting to hit home runs in a matter of days or months.. Playing with our families future is no joke and because of that, tensions run high as the stakes themselves are high My hope is that we all make it.. regardless of who we are, what projects we're invested in or how we get there.. Whether you've been a fan of me over the years or downright hated me.. I hope we all succeed Because we're all here for the same reason.. To better the lives and futures of our families We have an amazing opportunity in front of us.. Lets make sure we make it count Remember.. its not about money, it's about time Cheers 🍻

Vitalik Buterin at the #Bittensor community meet in Asia with @const_reborn 🔥 $TAO $ETH

One day, someone will tell you they bought $TAO when it was $300.. And you’ll feel the same way people do now when they hear someone bought #Bitcoin at that price $TAO

#Bittensor subnets have been added to @coingecko You can find them listed under the #Bittensor ecosystem category Will be interesting seeing the reaction of this space when the first subnet cracks the Top 100 $TAO

Three narratives to focus on this bull cycle.. #AI - Artificial Intelligence #RWA - Real World Assets #DEPIN - Decentralized Physical Infrastructure Networks These three verticals will do extremely well.. Projects looking to innovate within the narratives will see large inflows imo My top picks for each sector are.. AI - $TAO RWA - $RBNT, $QNT DEPIN - $RWN, $NOIA, $STOS 🍻

Crypto fucking sucks right now.. - Trump and his wife launched "official" memecoins - Milei’s national meme rugs and fucks everyone - Dude buys @kanyewest's account just to pump a meme for max extraction from unaware retail - A guy loses everything on memes, livestreams his suicide saying “If I die, turn me into a meme” and sick bastards actually do it minutes after That’s just the last month.. This place has become a cesspool of degenerate bullshit Pumpfun scams left right and centre, people fucking on camera for pumps, kids threatening animals if there are no buys.. It’s beyond pathetic The worst part? The people who should be gatekeeping are enabling this shit @cz_binance pushing memes of his pets just to pump volume on @binance @coinbase and other tier 1s listing every garbage meme coin under the sun, just to make a quick buck while retail investors get obliterated This space was supposed to evolve.. to be the future of finance.. a decentralized revolution Instead, it’s devolved into a fucking whore house Catering to the lowest common denominator and pandering to the dumbest most degenerate impulses.. which leaves a shitty stain on the entire industry Surely the space is better than this? There is some incredible stuff being built in #crypto but its all being pushed to the corners whilst everyone dives head first in this lunacy The most influential people in this space have the power to steer this change.. for the good of the industry People like @brian_armstrong, @cz_binance and others.. they can lead the way and help crypto fulfill its potential But they are currently choosing greed instead of wanting the space to flourish and improve our society It’s fucking embarrassing to be associated with this shitshow right now This ain't the future of finance, It’s a fucking circus.. and right now the clowns are running the show

I think its pretty clear given the market sentiment.. Plus the fact the previous cycle dates lined up.. that we're on the cusp of a severe bear market I fully expect #Bitcoin to be back in the $3k to $5k range by end of next year It will be one of the most brutal years on record and anyone holding a single asset will be obliterated By the end of 2028, $BTC will be over $1 million I have shorted with size and will long from the bottom.. I will be the richest person on this planet by 2029 Do not fade me (Subscribe to my X account + Patreon and buy my course 🙏)

So.. Are we supposed to just forget about all the traders who took their own lives because they were blown up by this shitty market manipulation that caused the worst day in #crypto history? Absolutely ridiculous.. Its so fucking obvious Pisses me off man

#Bitcoin goes up = Alts go down Bitcoin goes down = Alts go down Bitcoin goes up again = Alts go down I dunno about you.. But I'm not enjoying this bull run so far..

What if.. The reason $ZEC is pumping so hard.. Is because all the #Bitcoin OGs and early holders are dumping out at $100k.. Since they realize #Bitcoin has been co-opted by banks, institutions and governments And they're moving back into a protocol that actually fits their original ethos? Privacy.. freedom.. self-sovereignty.. A great rotation from #BTC to #Zcash That would be wild

A reminder.. That both Trump and Biden don't give a single fuck about your #bitcoin or #crypto.. All they care about is securing votes and beating one another What they promise now and what will actually happen once they are elected are entirely different things They are

An update 👇 I'm going to share some thoughts on a few projects I'm bullish on.. some I've spoke about over the large 6 months.. the general market and a bit about myself First off.. with $TAO, its pretty simple.. AI is rapidly reshaping our world and the pace of change is accelerating every day We’re currently witnessing groundbreaking innovations and advancements from AI startups, enthusiasts and companies across the globe BlackRock and Microsoft just launched a record setting $30 billion fund to fuel AI infrastructure.. and this is only the beginning Artificial Intelligence as a sector ranks #30 on CoinGecko, a position I believe is massively undervalued.. Over time, I’m confident AI within the crypto space will grow to rival the largest categories, such as Layer 1s, smart contracts and stablecoins My belief is that $TAO is primed to capture a major slice of this AI market.. Just as $ETH has done for Layer 1s and smart contracts and $BTC for proof-of-work and the crypto space at large Diving into $TAO is like diving down a deep rabbit hole.. It takes time to truly grasp why it belongs in the same conversation as these giants.. But once you do, everything falls into place and there’s no turning back With Dynamic TAO, smart contracts, expanding subnet slots, innovative incentive mechanisms and full decentralization on the horizon.. #Bittensor is still in its infancy $TAO is slowly attracting the brightest minds.. drawing talent from all corners of the globe who recognize the enormous potential of the #Bittensor network... It offers something revolutionary.. An open, powerful, permissionless alternative to the centralized AI playground created and dominated by the worlds largest mega-corporations Yes, there will be growing pains and setbacks along the way.. but that’s part of the journey These challenges will forge a stronger, more secure and resilient network.. free from centralized control, just like Bitcoin I simply don't see another AI project or protocol in this space that is able to rival what is being created with #Bittensor $TAO occupies over half of my portfolio and is my largest position by a country mile My first investments in $TAO were between $5 and $15 and at the time was my largest single investment I ever made The network has taken its bump over the years but it's always pushed forward.. continuing to evolve and do what is best for the network itself, rather than it's individuals This has only led to my conviction growing stronger and stronger as time has passed I don't always agree with people in the ecosystem.. but I respect nearly all of them for their desire to help #Bittensor reach its potential As a mere investor, my capabilities are somewhat limited.. but my plans are to utilize the #bittensor network to create something for the benefit of others in the future As long as the network grows stronger.. the price will follow It's just a matter of time ⚪️ Remember, if the $TAO price is higher today than it was yesterday.. it means the tech is better $TAO $QNT was my first love.. Back in 2018 I was put onto $QNT by @CryptoCoight in a random series of DMs.. Something I am still grateful for till this day Over the next few years I poured my heart and soul into helping spread the word and educating others on why $QNT was an undervalued gem that was worthy of its place at the very top of #crypto and beyond It had the potential to change the very foundations of our society by enabling a digital future of interconnectivity between the traditional world and the new Even back then, it was pretty obvious the @quant_network team were already make the moves necessary to make this vision become a reality The price was under $1 and I believe it was around $15m mcap, although I could be wrong.. It currently has a valuation of over $1 billion A success, sure.. but much like $TAO, it was always destined to go higher I took big profits on $QNT around $300.. on the way down, not the way up.. It was a mixture of locking in profits due to concerns that it's cycle had run too hot and the reality of being able to help my family by securing those large gains Over the years I also wrestled with the morality of investing in something that enabled the flourishing of CBDCs.. something that I have grown to disagree with as I learn more As time has passed, I've eased on that notion.. You can only have so much morality when operating in such a cut throat environment.. Hell, even Warren Buffett shills coca cola at every opportunity when he knows that stuff is addictive and terrible for the human body At the end of the day, we're here to make money for the betterment of our families and CBDCs are just one vertical among many that $QNT will touch So, I had been patiently watching $QNT throughout this market bleed and made a series of new entries around the local lows I own substantially more $QNT now than I ever have in the past More and more institutional giants and world leaders are openly sharing their praise and need for #Overledger IETF SATP adoption is becoming more prevalent and the success of the Regulated Liability Network experimentation phase, which is basically a global Real Time Gross Settlement system.. is positioning $QNT as an integral piece of the new financial system Much like $TAO.. I firmly believe $QNT will occupy a position at the very top of crypto and it will only be a matter of time before we see them in the Top 10 My journey has come full circle and brought me back to $QNT It's only fitting 🤝 Nothing will ever beat the early days of $QNT.. I miss the Fellowship $QNT In the interest of your time.. I will try to make the rest of this article shorter, my apologies I had high hopes for $KAS and they are continuing to exceed them The first project to truly succeed in tackling the blockchain trilemma.. $KAS doesn't sacrifice on speed, security or decentralisation From a tech perspective, $KAS has the capabilities to rub shoulders and compete with the likes of $ETH and #Bitcoin.. because it addresses the limitations of both and provides a powerful solution to the bottlenecks that have plagued these giants Do I think it will be able to surpass them? No, not really Best tech does not always win in this space.. but I'm confident it will continue to close the gap over time Being able to outperform POS networks in speed and finality with 10BPS on a POW system is an incredible feat.. Which will only become more impressive as they work towards 100BPS This week saw the introduction of smart contracts and the KRC20 standard.. a milestone that will move $KAS into a new phase I have owned $KAS since half a cent and its been a joy to see it move into the Top 30 as it marches to the Top 10 along with $TAO and $QNT My hope is to one day see all three occupy a slot amongst the ten top projects in #crypto Time will tell if that will happen $KAS I think we need to talk about $RWN.. If you have been paying attention.. I have been incredibly bullish on the project over the past 6 - 9 months I made it my largest conviction investment ever after a few rounds of research and had a strong belief its business strategy and fundamentals will push it on a path as the three projects mentioned above.. Well.. since then, a lot has happened I made my investments in $RWN in the single digit cents.. it then ran to $0.37 and over the past 3 months, has seen a brutal decline of over 95% During this whole period, I sold no $RWN.. Round tripped the entire thing and am now in the red on the single largest bet I've ever made... Ouch So.. what happened? Well, no one really knows I have been looking for answers for a good while now.. trying to communicate with the team and challenge people familiar with the matter.. but I have had no clear answers on the reason for this In all honesty.. everything has been frustratingly vague and opaque Word on the street is that two wallets with a large percentage of the supply was sending huge amounts of $RWN to the exchange.. This coincided with the large dump seen on the charts Since then we have been told that there was a raise done by the team and the terms of the contract dictates that vested tokens are sent to the exchange as the VCs were not satisfied with the quality of the Rowan wallet The Rowan team mentioned the funds were contracted not to sell.. although I have my concerns as to how this is implemented with the nature of how difficult it is to see activity once tokens hit exchanges It has also been said by the team that they believe the two wallets and the funds sold no tokens on the market.. And that the selling was entirely fueled by panic within the community around the movement of these wallets Personally, I don't believe this to be true and find it very convenient.. but then again, I have no way to disprove this My issue is around the lack of transparency and verifiability with Rowan The explorer badly needs revamping and is only able to showcase the past 12 txns on a wallet.. this means there is only so much that can be done when trying to piece together and verify what is happening on-chain The community also has no way to certify the circulating supply other than wait for monthly/quarterly reports.. This is a big issue seeing as the deals with funds will ultimately see in increase to circ If even half of what the $RWN team share from a business perspective is true.. then the project will genuinely be on an incredible growth trajectory The problem we currently have as investors is that we have to take everything at face value and essentially implement a "Trust us" approach The CEO mentioned a new explorer and dashboard is in the works with the ability to showcase data across the network including installs, distributors, buybacks etc.. and this would be a great step forward I am not saying any of this to FUD $RWN.. All of it is true and public information I am still fully invested in $RWN so it would be stupid for me to FUD my own position.. but I do think it is important to highlight what has happened and try to give context as many found $RWN through my account At this point.. I don't really know what to think The biz dev side may be doing incredible things.. but crypto side has been handled horribly and I know there are people internally pushing to improve this but my fears are they've been largely ignored At this point.. this investment for me has become an all or nothing type scenario Half of me believes everything they say on the business side of things for $RWN.. The other half believes there is something they are not telling us throughout this whole ordeal Like I said.. there is no way of knowing My current position is to hope the half that believes in the growth potential of $RWN wins out and all this is a mere bump in the road I'm not selling any $RWN.. so lets see if everything the team have been saying is true If I'm wrong.. then I will eat the bagel on this one 👍 The market Liquidity is everything.. and its beginning to turn up I think @BittelJulien and @crossbordercap have done some great work around this and it's something I am in full agreement with #Bitcoin will continue to follow the larger liquidity trend.. and with Global M2 now pushing higher, the next 6 to 9 months will be a great environment for risk assets to perform Everyone is talking about the recent 50bps cut by the FOMC.. I personally don't think the cutting cycle is the defining factor The Rate cutting phase has a different impact depending on the strength of the economy and whether things are heading into a recession or not - Yes, unemployment is turning up.. but its still at historically low levels - Inflation is nearly back to the Feds 2% target with @truflation reporting it lower at 1.17% - Rates have moved higher with ferocity.. but again, historically 5% is a low interest rate environment I'm not an expert when it comes to macro.. I would even go as far as to say I'm a novice.. But my uninformed opinion is that liquidity will lead the way and give #Bitcoin the slack leash to push to new all-time highs and clear six digits.. This will give crypto the license to follow suit and initiate a parabolic bull cycle into 2025 From there.. who knows how high things can go I'm not making predictions.. I just want to be directionally correct and take chips off the table when things run hot and make sense My monkey brain tells me that mid to late 2025 will be that time The past two #BTC cycles have taken exactly 152 weeks to move from the cycle lows to new all-time highs - Jan 2015 > Dec 2017 = $BTC up 12,858% - Dec 2018 > Nov 2021 = $BTC up 2,119% If history were to rhyme.. it would mean a cycle top in October 2025 Do I expect that to play out exactly? Probably not.. But it gives us an insight into how the past can help guide us in understanding where we might be in the current cycle Things to look out for.. Timing the top is incredibly difficult and best practice is to frankly not do that.. But if you are.. here are some things that may help in doing so: - When apps/wallets like Coinbase, Phantom etc, are #1 in global iOS or Play stores It indicates that we may be at peak mania as everyone and their dogs are looking to download and jump in on the action - Pi Cycle indicator (350 lma - 111 sma) This indicator has a great track record with indicating when $BTC has topped.. Its wizardry suggests that when the Short Moving Average catches up and taps the Long Moving Average.. A cycle top occurs Basically.. When Red line touches Green line = #Bitcoin Top So far.. The two MAs are wide apart, suggesting we are at the mid point of the cycle You can add it to your charts on Trading View for free 👍 - When you are at peak Euphoria Look around.. is everyone making money? Are you feeling like a genius? Is your portfolio at levels you could have never imagined? Are your family requesting you re-mortgage the house to buy some $DOGE? This may be an indication that the market is way too hot and its time to take some profits - SOPR (Spent Output Profit Ratio) I could explain this but @theionicXBT recently did a great post about this indicator so I will refer you to that x.com/theionicXBT/st… Hope these help 👍 The Boring Bit - My Life Some of you have noticed I haven't posted recently.. Some of you asked if I was dead I'm not 👋 I mentioned that I would begin to move away from this space as time goes on.. This is what that looks like My goal with this account has always been to help others find top quality projects.. Overall, I think that has been the case and there has been good value that Dread Bongo as a whole has provided over the years Recently however.. I think there has been too many mis-steps and fuck ups to honestly say that is still the case When you have an account of this size.. there comes a lot of people hanging on your every word.. With it comes an increased amount of responsibility to get things right.. and its been pretty clear I've not been doing that Hence, why I decided to accelerate the process of leaving social media.. for the good of everyone People think those fuck-ups have been done through malicious intent.. when in actuality, they were done so because of sheer incompetence If I was to continue in the vain I have been with an account of this size.. I would have to improve in a real way.. because as things currently stand, I just don't think I am good enough Of course, there has been successes along the way, but there has been plenty of failures too.. there is just no hiding or denying that So.. I've retreated into the darkness to invest alone Honestly.. it feels like a blessing and has allowed me to reassess myself and my portfolio to maximize the rest of this cycle I do want you all to know that I tried my best over the years.. sometimes that wasn't good enough and that's on me I'm still in my Discord every day, available to chat.. Its quiet but I like it that way You can join it here 👉 discord.gg/WcJscbjpXP This isn't to say the door is closed.. but like I said, I will need to seriously improve is I was to continue I may even squeeze one or two more posts like this throughout this cycle Currently.. I am enjoying life with my family and focusing on different things Cutting out the toxic side of social media has been great and I don't miss the countless daily arguments and death threats It's an emotional space and I think we all sometimes forget that.. We are operating in the most volatile market in the world and expecting to hit home runs in a matter of days or months.. Playing with our families future is no joke and because of that, tensions run high as the stakes themselves are high My hope is that we all make it.. regardless of who we are, what projects we're invested in or how we get there.. Whether you've been a fan of me over the years or downright hated me.. I hope we all succeed Because we're all here for the same reason.. To better the lives and futures of our families We have an amazing opportunity in front of us.. Lets make sure we make it count Remember.. its not about money, it's about time Cheers 🍻

The tokenization of Real World Assets is going to bring a fundamental shift for crypto I am banking on #RWA's becoming one of the most important narratives over the coming years As it currently stands.. #crypto projects are barely scratching the surface of what's possible I'm