Cobie and Chris Burniske on How to Navigate a Crypto Bear Market - Ep.355
Unchained
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Navigating Crypto Market Trends
This chapter explores the current landscape of cryptocurrency markets, analyzing recent changes and the last bull run while offering insights into potential future trends. It emphasizes strategies for investment in a bear market and discusses the valuation of growth equities, drawing connections to historical financial events.
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Episode notes
Cobie, co-founder of Lido and UpOnlyTv, and Chris Burniske, partner at Placeholder Ventures, talk about surviving a crypto bear market, the Terra collapse, lessons they’ve learned from their mistakes, and much more. Show highlights:
- whether Chris and Cobie think crypto is in a bear market
- why Chris says these are the times to buy
- what effect the Terra debacle will have on the crypto industry
- why Chris was expecting UST to blow up
- why Chris thinks there is going to be another massive liquidation event
- whether an algo stablecoin could work
- why bear markets are sometimes a good thing
- how USDT was stress tested and proved its resilience
- how macro is affecting the crypto space and what the role of the Fed is
- when will we see the bottom of this bear market
- how meme coins are the symptoms of a broken system
- why this crypto cycle is different
- whether regulations are helping VCs rather than the retail investors
- why risky assets are the ones that could increase 10,000x
- whether the future of crypto is multichain or not
- how developers signal what ecosystem is going to win in the next expansion cycle
- whether Cobie thinks staking is dying
- how Chris judges market bottoms and tops
- what lessons Cobie and Chris have learned from their mistakes
- what innovations will catalyze the next bull cycle
- what needs to happen in the future for crypto to succeed
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Episode Links
Cobie
- Twitter: https://twitter.com/cobie
- UpOnlyTv: https://uponly.tv/
- Substack: https://cobie.substack.com/
- L1 trading: https://cobie.substack.com/p/trading-the-metagame?s=r
- Death of staking: https://cobie.substack.com/p/apecoin-and-the-death-of-staking?s=r
- Token unlocks: https://cobie.substack.com/p/on-the-meme-of-market-caps-and-unlocks?s=r
- Cycle Tweets:
- Why “the next cycle” reasoning scares him
- https://twitter.com/cobie/status/1524965475813568512
- What projects will survive the bear
- https://twitter.com/cobie/status/1469253171885318146
- His call to “buy” on March 12 2020
- https://twitter.com/cobie/status/1238282793244860417
- Which VCs will win
- https://twitter.com/cobie/status/1515667977118826500
Chris Burniske
- https://www.linkedin.com/in/burniske/
- https://twitter.com/cburniske
- Previous Unchained episode
- https://unchainedpodcast.com/chris-burniske-a-blank-slate-of-state/
- https://unchainedpodcast.com/chris-burniske-of-placeholder-on-the-downsides-of-icos/
- https://unchainedpodcast.com/want-to-diversify-your-portfolio-try-bitcoin-say-arks-chris-burniske-and-coinbases-adam-white/
- https://unchainedpodcast.com/how-to-value-a-crypto-asset/
- Cycle Tweets
- Feb 2022 bear call
- https://twitter.com/cburniske/status/1495468570708426754
- March 2022 bear call
- https://twitter.com/cburniske/status/1523021991619428352
- November 2021 top call
- https://twitter.com/cburniske/status/1457884538806308868
- DCA advice
- https://twitter.com/cburniske/status/1525906152881459200
- https://twitter.com/cburniske/status/1500593438433021952
- What could knock the market further down
- https://twitter.com/cburniske/status/1525157945079496705
- https://twitter.com/cburniske/status/1524260987787902978
- 2017 ATH calls
- https://twitter.com/cburniske/status/1524838447784947712
- https://twitter.com/cburniske/status/1524524188366635008
- Trying to time the bottom
- https://twitter.com/cburniske/status/1523573129431240710
Chris x Cobie
- Luna
- https://twitter.com/cburniske/status/1524280637431164929
- Feeling sorry for people who have lost $
- https://twitter.com/cburniske/status/1524267901456248832
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