Crypto portfolio update

Exposure: 100.0%

Net return: 604.1%

Comments: With BTC clearing $100k (and hitting a high of $108k so far) you'd think the CT timeline would be filled with positive sentiment.

Alas, all is quiet as altcoins have lagged significantly behind the king.

Even the biggest memecoins (that were performing so well last month) are making a major pullback:

And not to mention the once-hot Murad memecoins that have not done great either:

So the reality is that most people's bags are underperforming, especially if heavily allocated in memecoins.

This brings up a point I think people will starting thinking about real soon: How much conviction do I really have in my memecoins bags?

All is fine and dandy when the price is up. But when the space starts getting crowded and aggregate prices start falling, I wonder how many holders will stick to their 'memecoin supercycle' convictions.

Everyone wants the memecoin supercycle to go on, but I suspect few are willing to keep holding the bag while everyone else around them is dumping theirs.

Current allocation:

💨 Fartcoin

Not all memecoins are made equal, and the A.I. sector has spawned one that I think people are not taking seriously enough (yet).

On the surface, Fartcoin looks like a low level memecoin that shouldn't command more than a $100M market cap. In reality however, it just exceeded $1B.

Popular TradFi personalities are now laughing at the hilarity of its "oversized" market cap, no doubt expecting the price to crash sooner rather than later.

Personally, I hold the opposite view. I think people severely underestimate how high this memecoin can go. It's the best example of a 'left-curve, right-curve' meme I've seen since WIF, and it's actually even better than that.

So to be blunt I wouldn't be surprised to see this flip WIF at the very least. I don't think people understand what a game changer this memecoin is.

For now, I'll just let my actions do the talking and have allocated a significant portion of my portfolio into Fartcoin.

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😌 Back to simpler times

Saw this video recently and was reminded of how awesome life was in the late 90s and early 00s.

No smartphones, just a bunch of people dancing to good tunes in a park. 

(Sidenote: these people had no idea the song would later go on to be a hit, which makes it all even better.)

 Quote of the week

Every moment there are a million miracles happening around you:
a flower blossoming, a bird tweeting,
a bee humming, a raindrop falling,
a snowflake wafting along
the clear evening air.
There is magic everywhere.
If you learn how to live it,
life is nothing short of a daily miracle.

- Sadhguru

Thanks for reading, and have a great weekend.

Cheers,
Slowmad

P.S. If you have any questions or feedback, let me know at: chris[at]digitalslowmad[dot]com

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