
Adam Cochran (adamscochran.eth)|Feb 12, 2025 17:44
Lemme tell you something:
You don't make money by just doing what's popular.
When things are popular and everyone is farming it, there is no upside.
If it's popular and everyone agrees its the next big thing, you just get overhyped expectations and too many bag holders selling (see BERA)
But, when people declare something dead, the users and projects who stick around, see the real vision and get involved get an outsized allocation in the ecosystem and its early projects because they were the only ones there.
Then when it does take off, they get the gain and they are also diamond handed zealots.
Every L2 or alt-L1 was declared dead multiple times before it found its critical mass of users (Optimism, Base, Solana)
Hell how many times was Ethereum declared "dead" and "empty" early on when it was like 10 ETH?
You don't make money by chasing exciting buzz.
You make money by seeing the potential in things that others have shrugged off, believing in it and getting an asymmetric allocation.
That's why projects that migrate to the trendy chain of the day are bearish-af, and why Skarly, OCH and Abstract are going to print in the end. 🤷♂️
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