thecryptobackpacker.eth (@CryptBackpacker) header
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Sydney, New South Wales
Joined August 2021
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thecryptobackpacker.eth retweeted
Bitcoin needs to hold the low $70,000 levels for the market regime to remain bullish. Crypto breadth, which posted its strongest, most sustained outperformance in over a year, has collapsed. Washed-out levels but bitcoin:native support needs to hold. Liquidity is tighter than what the markets are comfortable with. Several years of Growth in Debt > liquidity, and this is the inevitable outcome. The response is also inevitable, although the mechanism of action is more dynamic and unclear this time round --> Fed kneecapped, Treasury numero uno. So expect a combo of actions; TGA drawdown, buybacks, increasing short-end issuance, even potentially gold revaluation. Next 3-6 months will be wild.
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thecryptobackpacker.eth retweeted
First learn how to speak to people with some respect. You can disagree with Pudgy holders or Luca without talking about an entire community like this. If you can’t do that, there’s always the block button. I can’t speak for every Pudgy holder, so I’ll speak for myself. I never liked Abstract. I saw it becoming a farmers’ haven, and I’ve never been a fan of farming culture. Nobody forced anyone to spend money farming a new L2 hoping for an eventual reward. That was a speculative decision people made themselves, and sometimes speculation ends with a loss. My opinion was and remains that Pudgy Penguins never needed its own L2. Abstract became a liability to the bigger Pudgy vision, and taking that liability off the company’s shoulders and refocusing on Pudgy Penguins, Pudgy NFTs and PENGU is bullish to me. Building means making mistakes. What matters is recognizing when something isn’t working, accepting the loss and correcting course instead of continuing to burn money just to protect your ego. And shutting down Abstract doesn’t suddenly erase everything Luca and the team have done for Pudgy holders over the years. Remember, this is a team that acquired the IP with its existing liabilities. They didn’t collect the original NFT mint proceeds, yet they continued building the brand into what it is today and pushing it further into the real world. Some people made money along the way. Some lost money. That’s crypto. Nobody is entitled to profit from every decision they make. I’d rather see the team kill something that isn’t working and refocus its resources on what is working than continue funding it just because some people don’t want to accept the outcome. Now the focus goes back to Pudgy Penguins, NFTs and stronger holder alignment. I’ll take that trade every single time. And with that, you’re blocked. I have no interest in discussing anything with people who communicate this way. This reply wasn’t really for you anyway. It was for everyone else reading. Disagree all you want, but learn how to speak to people with respect first.
Replying to @masoudrahhal
Most Pudgy holders are weird cucks- can’t seem to get Luca’s d out of their mouth even after seeing him scam tens of thousands
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Replying to @world_xyz
AuxgyHJry6Euu3y55ayvZucFNuEnQmhm9TZoFK8RHfUb
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thecryptobackpacker.eth retweeted
i will follow back everyone who reposts this
the rumors are true if you're followed by @world_xyz the biggest day of your life is coming
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Replying to @mert
Your a Solana Saint!
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Fuck yeah @mert ! A Solana Saint
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Footballs coming home🏴󠁧󠁢󠁥󠁮󠁧󠁿
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Replying to @MingoAirdrop
Appaarently i'm now a reply guy
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Replying to @AnonVee_
So are we all reply guys now?
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Replying to @0xDamien
The volume is nuts on it. Think this one run like $Pnut did to $2.5B
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