As someone who has participated in crypto since 2017, and NFTs since 2020, here are a few key signs you’re in the euphoric phase. A deceitful phase, one built on false promise and prays on the hopeful: - Followers surge - Engagement skyrockets - Screenshots hit the timeline - Bold predictions (ETH to 10k) - “This time is different” - ATH after ATH after ATH - Gas spikes - Insane valuations - Historic NFT trap - New projects sellout daily - Influencer honourees - Discord chats pile up - Everything feels like an opportunity if you believe enough - Grifters multiply - Scammers flood your inbox - The hopeful are socially engineered into giving away their assets - The trade you thought was the trade was not the trade - Everyone wants to work with you - Everyone wants to be your friend - Acquisition flex becomes the norm - Temporary, minimal effort, projects sellout daily - Money over morals is maximised - Your accountants sign up for therapy - Disappearing names from previous cycles begin to reappear - Metaverse land becomes a conversation again - One unfathomable art sale sets the tone for the rest of the market - Wagmi doesn’t exist, don’t get hooked on Wagmi. - Web2 brand interactions feel cringe, disingenuous and off base - 888 returns under a different alias - Sleep feels overrated - Days move even quicker - You don’t leave the party to mint, you mint at the party - Ledger becomes a fashion brand By all means enjoy it, there is no better timeline when everyone around you is smiling, but be aware it really is temporary. Picture it like a reflected pulse. When a signal is sent, it can only go so far before it has to return, and it will return. The lowest bottom, isn’t worth trying to catch the highest top, set goals, and settle. The window is small, but if you “make it” this cycle, make sure you actually realise it 😊
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