🐧 @Pentosh1

BB is something I consider a core position in my portfolio. I've had to basically vertically accumulate it. Buy spikes down, sell those on the mean reversion back up, then keep the difference. with varying size. In this instance, Im denominating in shares, not USD. I hold a core positionI believe in long term, and I trade a little around it. for example the 25k share buy and sell that i had around earnings. selling into spikes and buying dips on that. can have scalp account + core account but technically you're harvesting volatility. so the effective cost price remains the same, but the amount of shares grow. the shares are just paid for by the volatility in the market vs deploying new cash in general. the risk is if you sell some of the core, and its trending up then you end up with less shares. so if you're going to try that has to be very tactical. selling high to rebuy lower is more accretive. 100 × 0.05/0.95 = +5.26 shares on a drop for example bc you redeploy the same dollars. vs buy low and sell: 100 × 0.05/1.05 = +4.76 shares. so best to harvest the chop, during times it is when it forms little ranges

for those asking, if you don't have any exposure to $BB I think a decent plays to look to start building a position would be between the top two blue lines if given 11-12 area which would still be quite supportive of the overall trend

Sophon I never ended up actually working for. My father passed away a good year before they launched. I never got any compensation etc Beam has a treasury that is worth more than the market cap. And we bought and burned over 200m worth of tokens. It was just in bear like anything else. I also have all my tokens and am down over 8 figures on that. If someone would like to put up a million as a bet that this isn’t true. I’d be happy to take that. I’ve never even taken my initials out since joining the team in Jan 2022

Ive made a point to only talk about public equities largely for the last year and avoid shitcoins. Say what you will about me. I have zero advantages over anyone else I avoided 100% of the drawdown in crypto this year. Not 99%. 100%. While capturing the hype move starting from $28 and 2 local lows on btc I have nothing to sell you. Nor do I ask you for anything.

$BB summer

@deltaxbt @BigCheds At these prices. If sol doubles it’s only 2 months of inflation.

@deltaxbt @BigCheds That’s only like 3-4 months of Solana inflation btw

@lblaybad btw Hype +9% today sol +5% today

$BB obviously we've been in this since the 5's and this has been a great move. My expectations are that we are coming into an area of HTF resistance so we will likely need to consolidate here above here for a bit. it may pullback (idk) Dips if given, are an opportunity to buy. I myself, will be looking for them with the same strategy as on prev dips buy, sell the rally, and keep the net difference at 0 cost essentially

I think this is the best writeup on $BB out there. Although, some of the price targets are a bit optimistic. The read is quite long, but it's worth it as it goes into every detail of the business and it's growth. It is also a lot of research that we've already shared, just better organized. But why I see BB has having huge upside over a several year period. You can't borrow conviction, but i think the read will help you truly understand the thesis and potential

Let's go over $BOT since there's a lot of misunderstandings around it and NAV. Why own bot? Bc you get liquid exposure to the leading robotics companies. It's essentially a bet that there will be mark appreciation from further funding rounds sometime over the next 12-18 months. *IF* you believe that happens, THEN its likely a pretty good bet. If you think Figure, apptronik, or any others raise more capital, then you essentially should see that jump in AUM. When value is created in the private rounds, it should be expressed in the public shares. Two: you aren't going to get to buy it at nav bc that implies that you are going to buy a valuation that was never available to the public in the first place, and get to buy at that nav while being liquid while their shares are illiquid and may not IPO for several years. It's a closed end fund, of course there is a premium. You are paying a premium to get to trade liquid shares of pre-ipo companies The main risk is that you see one of the portco's do a down round. But considering VC funding is set to increase over the next year or two for robotics. It is more likely than not you get to capture some of that upside. This just my take, and opinion. Subject to change if new information comes in. In terms of the issuance, it is accretive and has been done privately. If you own shares, and they raise for example. 36m, your shares capture that value that bc it increases the nav per share . That money then goes on the books, which can then is re-invested into a new robotics company, which then in theory does a round, and we capture the mark up. Theoretically. Do your own research. This is just my opinion. I am long from 29. For you, you'll have to decide if its something you even want to own, and where it makes the most sense. My bet, or thesis, is that we see private valuations continue to markup further.

@crypto_condom @BlackBerry @LamResearch Let’s go cc. Great research

@aLottaBrakes How is that fair? They already distribute 99% of the revenue to the holders Is that not enough?

@lordHODLaRoy No VC, no S3. And never more release than the AF can absorb so always some fraction of that

There should be no S3 for Hype imo Jeff already gave an airdrop which today is worth 14 billion plus The team continues to give to the long term believers via the AF, which uses 99% of the revenues to buy and burn hype. The gift is, that if you believe long enough, you get rewarded over time Giving people another big airdrop worth billions, defeats the work the AF has done to date The reward should be that you believe hyperliquid will continue to grow and scale, and that that is rewarded over time bc the revenue is distributed to its holders over time

@_sprotisma_ Yep, not saying to buy either of those today. I have no dram exposure yet, obviously in bb from the 5's.

Things to consider, look for exposure in when opportunities arise $BB physical AI safety layer $DRAM memory, robotics $BOT the physical side, private robotics companies that will all need to scale. This timeline is being sped up rapidly all 3 tie in together over the next decade and benefit each other

$BB new highs again has found a way to go up during both market weakness and strength

the difference is hype is major assets/markets mostly. there isnt the culture of rug pulling each other there bc it doesnt exist there are no bundled scams like we saw last week, there arent people tattooing stuff on their faces and then not getting paid out, or harming themselves/others or vc/insiders etc

$hype 11% off todays lows. Potentially forming a higher low market structure wise the fastest horse, which it has been all year

@LSDinmycoffee Hahaha. I should’ve said. If Saylor isn’t forced to yeet to fix STRC / mstr as well

So here is a little bit of framework thinking on bitcoin:native Is the bottom in? Maybe. A great sign of course is one of the most reliable signs of all time. That it stops reacting to negative news. We aren't quite there yet. The downside imo is prob 48k ish. So, nothing real crazy for spot people at this point. The other aspect to consider is this entire time, its trended down. So we've really yet to see any basing, time capitulation, or accumulation period, or real ranging. We typically see that in crypto for a decent length of time where volatility dies off and we trade in some 2% range that makes everyone want to neck. The same can be said for the majority of the market. For alts. You have to keep in mind it's the first cycle that alt coin market didnt make a new all time high. and you also need to keep in mind that the returns you use to see in alts, are now in stocks. 10, 20-50x etc returns. It is a fact, that each cycle has diminished returns in crypto. And this will be a later more detailed post. Which is the same one that i made at the end of the last cycle. You kind of have to ask, how will alts steal the flows from tradfi, ai, energy, robotics, medical. bc thats what they have to do. And a tall order. They have to fight something real, and tangible. Will that happen? idk, and if it did, what would the scale of it be? But we are getting to a point where most things are likely within 20% of a bottom. broadly speaking.

@DPGSpurs the other thing is hype has outperformed the entire market for the past year, and its fees have been substantial. in pretty poor conditions. what if the winner keeps winning? its been a winning strategy. which is the point ive tried to make.

I could find you 10+ big accounts calling for 30's each time it drops and i believe most of them didn't participate in the upside. I'm personally not saying it cant go down. Im saying the delta in terms of what was deleted the past month was a few % of the supply. And that the revenues, will change significantly which imo caps the downside, but leaves the upside. which is infinite. priority fees went live this week already 150k per day. aqav2 in a couple months 500-600k per day if people think crypto has bottomed, hype benefits bc of the fees going up from perps volume.

One of the main bear cases for hyperliquid:native is "what if BTC dumps" Well, $BTC has dumped from $126k to $58k Hype just hit an ath recently. I guess the real question should be, what if crypto bottoms? The majority of people calling for the 30's didn't participate in it's upside But they sure love chirping about the downside. And I think a lot of that hype no longer exists. It was essentially deleted. Hence the OI at the 50's being fully reset while price ended up $15 higher the first time. Why, bc the spot hype is taken off the books forever. Can it go that low. of course anything is possible. It's crypto. But I think it's better to be more forward looking in terms of the revenue growth that is coming from circle, priority fees, and in the event crypto does bottom. Like many are calling for. Well it benefits from the volume that follows. Now, obvious disclaimer is this is more of an investment thesis than a trade thesis.