i think one of the biggest mistakes you can make this cycle is letting everyone else decide what you believe
people will tell you something is stupid at the bottom
call you lucky when it pumps
and then tell you it was obvious after the move already happened
at some point you have to do your own research and build your own conviction
even if everyone around you thinks your thesis is retarded
that doesnβt mean blindly marrying a coin
it means understanding why you own it before everyone elseβs emotions start becoming yours
thatβs how iβm looking at
$BASECAT right now
it went from basically nothing to almost an $80m market cap
and now itβs sitting around $12-13m after an 80%+ drawdown
sentiment cooled off
attention cooled off
people who loved it higher suddenly question it lower
but Base didnβt stop building because the chart went down
Base is still trying to bring stocks, commodities, perpetuals, prediction markets, payments, stablecoins and basically every major asset class onchain
Coinbase Tokenized Stocks are already live on Base
Coinbase itself lists
$BASECAT
and Baseβs own strategy literally talks about rewarding projects that bring more users and volume into the ecosystem
so my thesis isnβt that BASECAT magically goes up because Base succeeds
thatβs lazy thinking
my thesis is that if Base becomes one of the major places people actually trade and use assets onchain, the strongest native cultures and memes sitting inside that ecosystem have a chance to capture a disproportionate amount of the attention
and every cycle has coins that look completely ridiculous until they arenβt
DOGE looked ridiculous
SHIB looked ridiculous
PEPE looked ridiculous
nobody knows beforehand which one becomes the one
thatβs why conviction has to come from your own thesis and not somebody elseβs timeline
BASECAT still has real risks
itβs a memecoin
itβs volatile
liquidity can disappear fast
and being down 80% doesnβt automatically make something cheap
but thatβs also exactly why the upside exists if the thesis works
i think this cycle is going to reward the coins that become symbols of the ecosystems people actually use
and if Base continues growing into what Coinbase is trying to build
i still think
$BASECAT has one of the cleanest shots at becoming that symbol
iβm not looking for everyone to agree with me
by the time everyone agrees
the trade usually looks completely different
Honestly Zoom out and believe in way larger horizon