Buy The Fucking Dip - A call to step into the market when it is low and buy the dip, in the expectation that the market will go higher and result in a profit. A frequent call of Twitter influencers and crypto exchange owners who want plebs to buy their bags. Typically they will tweet that they are "all in" on bitcoin or crypto, then announce smugly 2 days later that they somehow found a few million under the sofa cushions to buy the fucking dip.

That most excruciating of market conditions that often occurs after a bull run and crash. It gives all the signs of returning to bull… only to stop after a 5% increase, flatline, then drop 5%, then rinse and repeat. As hopium kicks in and sentiment improves, it’s tempting to go all in again… only to be crushed in the pesky pincers of the unforgiving crab market. These periods can last for what seems like decades and can certainly clean out even the most savvy trader.

The original, OG 10k PFP project. Created by LarvaLabs in 2017, cryptopunks is generally recognised as the first generative collection of NFTs. They are 24 x 24 pixels that are an homage to the early days of the internet, ASCII art, low-end graphics and a simpler time. Dismissed by normies as “a few pixels that a child could do”, the generative algorithm that created them was ground-breaking. At the time, even if it has been copypasta a million times since. Each trait i.e. nose, skin, hair, accessory etc was made in advance in image layers. Thousands of traits were placed online and when they were first minted, the combination of traits was randomly chosen and stitched together at the exact moment of minting. The supply was capped at 10,000, meaning nobody really knew in advance what punks woul be created in what order. Each of the 10,000 is completely unique and original. We can talk about punks for hours, but hopefully this tells you they are anything but a collection of pixels made by a child. They are also a fascinating experiment with how people can develop a relationship and sense of connection with such a simple image.

A strange phenomenon where billions of dollars are poured into coins that are represented by pictures of dogs, often Shiba Inu dogs, and have very few additional properties or benefits. The first dog coin was Doge coin which was started as a joke and abandoned by its creator. Nevertheless, it has a market cap in the tens of billions of dollars and in true crypto fashion has been copied hundreds if not thousands of times by other dog coins. Elon Musk is responsible for most of the speculation around dog coins due to his constant posting about Dogecoin and owning a Shiba Inu.

Good night. Whilst we all chase different NFT projects and shitcoins, at the end of the day, we are all brothers and sisters in Web3. So we wish each other a GN, sleep off the caffeine for a few hours, and then wake up for the next gas war and mint.