Luke Martin (@venturecoinist) 's Twitter Profile
Luke Martin

@venturecoinist

trading internet coins + host @StacksPodcast

ID: 877728873340956672

linkhttps://linktr.ee/venturecoinist calendar_today22-06-2017 03:24:05

40,40K Tweet

332,332K Followers

949 Following

Luke Martin (@venturecoinist) 's Twitter Profile Photo

Altcoins currently at the "sell your house to buy more" level. Last time $BTC was at this level was exactly 4 years ago in the summer of 2020 when price went vertical from 10k to 60k over the next 6 months. h/t Crypto Koryo

Altcoins currently at the "sell your house to buy more" level.

Last time $BTC was at this level was exactly 4 years ago in the summer of 2020 when price went vertical from 10k to 60k over the next 6 months.

h/t <a href="/CryptoKoryo/">Crypto Koryo</a>
Luke Martin (@venturecoinist) 's Twitter Profile Photo

The SEC targeting Opensea 24hrs after Trump launches new NFT collection is not a coincidence. Remember when Biden-Harris admin sent $243M worth of $BTC to Coinbase immediately after Trump's proposal of a Strategic Bitcoin Reserve? Gary Gensler is not here to protect investors.

Luke Martin (@venturecoinist) 's Twitter Profile Photo

During this bull market $BTC went from $16,000 all the way up to $72,000 and then it CRASHED all the way down to $58,000. The moral of the story: don't buy Bitcoin.

Luke Martin (@venturecoinist) 's Twitter Profile Photo

The video Gensler doesn't want you to see. Before becoming SEC Chair he was a professor at MIT who would occasionally comment on crypto. Just a few years ago he was telling students 75% of cryptoassets are NOT a security EVEN in the US. What changed?

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Believing that anything outside of memecoins will be valuable is a contrarian view in crypto right now. The casino isn't a bad thing, but it's not the only thing either. Think bigger...aim higher.

Believing that anything outside of memecoins will be valuable is a contrarian view in crypto right now.

The casino isn't a bad thing, but it's not the only thing either.

Think bigger...aim higher.
Luke Martin (@venturecoinist) 's Twitter Profile Photo

The $ETH ETF flows chart is wild. No major outflows No major inflows Flows have dwindled down to virtually zero and it's only been one month since launch.

The $ETH ETF flows chart is wild.

No major outflows
No major inflows 

Flows have dwindled down to virtually zero and it's only been one month since launch.
Luke Martin (@venturecoinist) 's Twitter Profile Photo

Some bad news: some of your favorite alts will never recover from their 2024 selloff. Some good news: cyclical cleansing is necessary & benefits the strong projects that do survive. Example: the never-ending $EOS or $ADA euthanasia rollercoaster while $SOL emerged from the

Some bad news: some of your favorite alts will never recover from their 2024 selloff.

Some good news: cyclical cleansing is necessary &amp; benefits the strong projects that do survive.

Example: the never-ending $EOS or $ADA euthanasia rollercoaster while $SOL emerged from the
Travis Kling (@travis_kling) 's Twitter Profile Photo

🚨🚨 On the heels of pretty atrocious vibes this summer for crypto, I'm publishing part 3 in a series that included: "A Lack of Pretense That Any of This Shit Does Anything or Will Ever Do Anything" and "Financial Nihilism: The Zeitgeist of Young America". It's a ~10 min read.

Luke Martin (@venturecoinist) 's Twitter Profile Photo

Charts like this are helpful to reframe how to think about your time horizon in crypto. Reasonable to assume life expectancy & fiat money supply will continue to be up-only. $BTC price in 1 month/year matters less. How much $BTC you own in 1 decade matters exponentially more.

Charts like this are helpful to reframe how to think about your time horizon in crypto.

Reasonable to assume life expectancy &amp; fiat money supply will continue to be up-only.

$BTC price in 1 month/year matters less.

How much $BTC you own in 1 decade matters exponentially more.
Luke Martin (@venturecoinist) 's Twitter Profile Photo

When you overlay pump.fun launches on top of the Solana price chart.... $SOL stopped going up almost exactly when people started launching tons of memecoins.

When you overlay <a href="/pumpdotfun/">pump.fun</a> launches on top of the Solana price chart....  

$SOL stopped going up almost exactly when people started launching tons of memecoins.
Luke Martin (@venturecoinist) 's Twitter Profile Photo

If crypto didn't have the potential to ruin your life financially, the chance to capture outsized returns wouldn't exist either. I like our odds.

Luke Martin (@venturecoinist) 's Twitter Profile Photo

The absolute state of crypto right now: >Project worth $4B gets twitter hacked >Hacker doesn't promote new coin >They tell us to get a job instead >Adds insult to injury reminding us we don't have girlfriends Max pain

Flood (@thinkingusd) 's Twitter Profile Photo

Feels like we’re in a deep retail bear market while majors fragility shows anytime equities have a bad day. The market has gotten incredibly efficient at fleecing retail capital. Keep stacking cash.