The Iceberg of Crypto Market Awareness: From Newcomer Basics to Old-Timer Memes—Which Level Are You On?
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The Iceberg of Crypto Market Awareness: From Newcomer Basics to Old-Timer Memes—Which Level Are You On?
Third layer: All coins will eventually go to zero.
Navigating Web3 tides with focused insightsAuthor: Tyrogue
Translation: TechFlow
I once saw a meme about an iceberg, and this weekend I decided to make one for crypto.
Sure enough, it quickly went viral, coinciding with market corrections and offering everyone some entertaining material.
The following layers, from surface to depth, represent various perspectives on the crypto market.
Layer 1:
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Fiat will eventually devalue: Every fiat currency, backed only by government or military promises, ultimately collapses to zero.
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Bitcoin is fixed: Bitcoin has a hard cap of 21 million coins, creating inherent scarcity.
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Assets rise due to monetary inflation: Observe real estate and equities in Western markets tied to petrodollar systems to see this trend.
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Smart contracts reshape economies: Ethereum’s original vision was to replace traditional industries like real estate and banking through smart contract functionality.
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Chancellor on brink of second bailout: This headline embedded in Bitcoin’s genesis block symbolizes the financial system that Satoshi opposed when creating Bitcoin.
Layer 2:
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Alt/BTC ratio: A key metric traders use to evaluate whether an altcoin is worth investing in relative to Bitcoin; this concept extends to alt/SOL ratios and the famous SOL/ETH rising chart.
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XRP's legendary scam: During the 2016/2017 cycle, XRP's explosive rally created numerous millionaires and built a lasting XRP community.
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Silk Road: Before mainstream financial adoption, Bitcoin was primarily used for peer-to-peer transactions involving goods and services.
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Ethereum Rocks: One of the earliest NFT projects launched on the blockchain.
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Yachtzee saved Bitcoin: Refers to Arthur Hayes shutting down BitMEX during the pandemic, preventing market collapse.
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Cypherpunk ethos: The foundational inspiration and ideological framework behind Bitcoin and Ethereum.
Layer 3:
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Altcoins are Bitcoin 2.0: Murad's theory suggests altcoins can cultivate loyal holders and passionate communities, leading to dramatic price movements.
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Crypto amplifies risk: We get crushed when macro conditions worsen; we thrive when they improve. Haha.
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Ethereum was designed for more Bitcoin: An early popular narrative claimed Ethereum was a scam meant to drain Bitcoin.
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Chinese capital heated up ordinals: Self-explanatory.
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Sushi’s vampire attack on UNI: SushiSwap launched a vampire attack on Uniswap, with developers lowering SushiSwap token prices to protect holders (lol).
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Ziliqa’s annual pump: GCR’s old tweet noted Ziliqa had the most aggressive market-making behavior when deciding to run a pump.
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Every coin eventually goes to zero: All tokens will ultimately reach zero value.
Layer 4:
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Pumpfun 30k–1M fractal: There exists a repeatable pattern: identify promising tokens early and buy the first pullback on Raydium (if it survives).
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SOL Foundation reignited bull market: Complete nonsense.
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CZ is yakub: A reference to CZ’s exceptional intellect.
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Vitalik fake death candlestick: After the false report of Vitalik’s death, who profited from dumping ETH?
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PEPE as a risk indicator: At one point, PEPE’s price action could predict market health. -80% altcoin drawdown: every successful altcoin has endured multiple -80% drops.
Layer 5:
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Beerus is the avatar of 16z: The true identity of Beerus, the developer behind AnubisDAO, remains unknown. Perhaps a16z itself is a mystery we’ll never solve.
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CL is a large language model: Extreme focus and unique dietary habits can produce NPC-like geniuses. (TechFlow note: CL is used sarcastically or hyperbolically online to describe someone or a phenomenon behaving like a large language model—lacking autonomy or individuality.)
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Truth Terminal is Baphomet: Artificial intelligence represents humanity’s attempt to play God, while Goat symbolizes a mysterious hermaphroditic deity—simultaneously vulgar and extreme.
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Mafia links to DeFi 2.0: GCR once speculated that Dani Sestagali’s TIME, SPELL, and ICE tokens might be used for money laundering by organized crime.
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MEV as basic income: MEV provides a steady income stream for clever programmers and reward farmers.
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Liquidity fragmentation causes poverty: Early crypto cycles seemed easier because fewer assets existed—initially just BTC, then ETH/BTC—and now an overwhelming number of options may lead to losses.
Layer 6:
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SBF is Ryoshi: A reference to an OG Bitboy video claiming SBF created SHIB.
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Phases of the moon and eclipses trigger bull markets: No further explanation needed. (TechFlow note: This is a mocking or ironic statement implying market trends—especially bull runs—might be influenced by seemingly unrelated factors such as lunar phases and solar eclipses.)
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The 4-year cycle merely reflects global liquidity: No further explanation needed.
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On-chain activity spikes every two months due to wage slavery: Since most participants lose money, they must save wages over several months to re-enter PVP gambling, progressively risking larger sums until drained by scams. A classic loop.
Layer 7:
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Bitboy’s boundless energy may stem from cocaine abuse: Bitboy’s endless stamina might be fueled by cocaine. (TechFlow note: This implies or jokes that Bitboy’s high energy could result from drug abuse. Bitboy is a well-known crypto influencer recognized for his relentless content output. This claim isn’t necessarily factual but likely serves as internet humor emphasizing his unusually sustained vigor.)
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mingxmecca: A burner account previously used by GCR.
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El Salvador’s path to revival: If El Salvador continues its current policies and leadership, it could become one of the most successful nations this century.
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Sanctioned nations drive altcoins: Similar to a joke, altcoins are often used as tools for laundering or transferring funds (e.g., $USDT on Tron).
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Do Kwon’s ledger device: Self-explanatory. (TechFlow note: Do Kwon is the co-founder of the Terra blockchain project, which collapsed in 2022 amid widespread controversy. “Ledger device” sarcastically refers to the project’s downfall.)
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Rising open interest during uptrends: No further explanation needed.
Layer 8:
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Kole uses astrology to predict markets: I suspect Kole accurately foresaw the strong summer market correction initially, but may have been misled by astral forces, causing his targets to fall short. (TechFlow note: “The astral trickery of Kole’s world” is a metaphorical expression suggesting that despite correct initial predictions, Kole’s forecasts were altered by mysterious or supernatural influences—“astral forces.”)
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Satoshi is a CIA agent: Various conspiracy theories claim Satoshi Nakamoto was a member of the CIA.
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Murad is Baproll: The most infamous SPX6900 bull poster might be Murad under a pseudonym. (TechFlow note: Baproll is known as the “most notorious SPX6900 bull poster,” indicating this persona is famous for extremely bullish market calls.)
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GCR’s “web wheelchair”: Some speculate GCR’s physical disability makes trading his only viable path to wealth.
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Finex determines prices: Not really—it’s just a joke.
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George Floyd never died: A reference to a claim made by DroydAI. (TechFlow note: These two names together likely originate from internet meme culture or online jokes. On social media, people sometimes combine unrelated concepts to create satirical or darkly humorous content.)
Hope you enjoyed making these memes as much as I did. We’re not a serious industry.
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@TyrogueD
