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But as we were talking about with reflexive assets, like, it's the pattern. Things go in these crazy downtrends, then they break the downtrend, then crypto Twitter starts to pick up on the narratives that were already there about why this asset is bullish. And then that kind of reflexive cycle, that narrative brings more capital into the asset, which feeds you know, it's like a flywheel. The new participants spread the narrative and you get this this reflexive virtuous loop. So we have to find tokens that are starting to turn.
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Okay. Welcome back to another 1000x podcast. This is this is a good one because we get to shit on some haters that told us that we were dumb for buying ETH. And, like, I I think what's really funny to me is this encapsulates one of the most common trading errors that I see day in, day out. And this goes for somebody that first got into trading to somebody that's been trading for twenty years. The hardest thing that you can do is buy something at a higher price than when you first started looking at it. Or after you sold it. If you sold something to buy back in at a higher price is like the mos
over Yeah. That's where you started hating on it. Like, I got on the bandwagon or Like, it's like
40% down where Like, we started hating on the the lows of the lows from where we started hating on it is it drew down 70%. And then, as we've said, many podcasts, you guys need to get through your head. We made a little mistake. We maintained no exposure to ETH for a little bit too long. And then ETH started rallying. And ETH started going up. And we were like, you know, still don't like it. ETH went up a little bit more. We're like, okay, you know, still don't really like it. And then we sort of came around to the idea that maybe we should buy some ETH because these treasury companies started
We literally YOLO'd it on the podcast while we were sitting talking to each other. I think it was a mistake to not buy the Lowe's. How many To people
be clear, I think we were bare pilled too long because we were so negative on ETH for such a long time. We didn't see the green shoots. The treasury company thing and the technicals happened probably two to three weeks before we bought ETH. Like, we could have probably made the same argument two weeks earlier, which I get. Right? Like, I get that's why people were like, well, kind of were blinded by your hatred. But what I don't understand is after we said we bought ETH, there were a lot of people in the comments going, you fucking losers. Why are you buying ETH now after the move is done? And
Yeah.
It's like saying, you know, it's the equivalent of Bitcoin. When Bitcoin goes Bitcoin traded over the summer at 50 ks and then traded all the way back up to 72 ks, which was the highs of the range. After Trump got elected, it goes to 75. And you're like, oh, fuck. I missed a 50% move. Terrible idea to buy it now. Like, I can't I can't buy it now. And then it goes to a $107,000. You idiot. This is a reflexive asset class. Buying things after a large move can sometimes be the wrong thing if it's a terrible asset. If it's a world coin and there's a ton of adverse selling that's going on, yeah, su
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