the overreaction to this tweet from the STONK community is crazy work tbh
apparently i'm only allowed to buy one launchpad token ever
trying to buy another one apparently means i'm trying to PvP the sector leader
and i find this even funnier because the #
2# solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx holder bought $EMBER at a $2.8m market cap, holds a lot of it, and has been bullposting it for days
no one cared
but the moment i buy $EMBER at ~6x the valuation he did, i'm suddenly the villain
different rules apply for me i guess!
for the avoidance of doubt:
i am bullish on solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx
i vocally praised it in a post days ago despite having 0 exposure, and that post has now done 400k+ views
i also explicitly said that Solana leadership rallying behind solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx is by far the biggest reason i've turned bullish on the Solana ecosystem again after being mostly bearish for months
i legitimately think solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx will do very well
and if you believe in its long-term vision, this entire overreaction creating a dip should probably be viewed as an entry, not a reason to panic
so why didn't i buy?
simple:
my trading style has always been low caps where i believe the asymmetry is better
i very rarely buy large caps, even when i think they're going to perform well
that's just how i trade
and honestly, the community coming up in arms over me buying $EMBER is bullish for solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx in its own way
it shows there is a genuine cult behind it
and in crypto, you almost never go wrong betting against a cult
but the idea that me buying another meme/stock launchpad token is somehow an attack on solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx because there is already a sector leader is ridiculous
it actually distracts from the thing you're trying to champion
and ironically, all this discourse is creating even more awareness for the supposed competitor you're trying to denounce
this is like saying nobody should buy the Meteora token because Raydium and Jupiter already have tokens
that makes absolutely zero sense and is actually antithetical to the whole idea of crypto
there can be multiple winners in the same sector
as i've said to several people in the comments since my $EMBER purchase:
i have ZERO PvP intent
i still think STONK will do well
i'm rooting for it to do well
but there is room for multiple projects to win
the idea that there can only be one project of a certain type in crypto, and everyone MUST buy that one project and nothing else or they're the spawn of the devil, is fundamentally anti-crypto
competition is good
multiple winners are good
and if anything, this entire episode has made me even more bullish on the strength of the STONK community