Echo Bubble

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Sharvesh

Jan 14, 2023

In July 2022, I wrote a post about “The Coming Echo Bubble”, it was mainly based on Cobie and GCR’s tweets about echo bubble which referenced the 2019 bubble.

Funnily enough, I end the post by writing

The point of this post is to tell you that the best trader I know said that an echo bubble is coming. Until then we wait or at least try to wait and not get rekt by sam.

The Sharvenium

The Coming Echo Bubble

One of the greatest traders I know has privately been talking about an Echo Bubble that will be coming in 2023 before a crypto winter for the next decade. So what's an echo bubble? An echo bubble is a smaller (both in terms of percentage moves and time) bubble that follows the drawdown of a much larger bubble…

a year ago · Sharvenium

Now that (almost) everyone has been rekt by sam, seems like the perfect time to echo.

Also GCR mentioned that 2023 will be the opposite of his 2022 main thesis.

In 2022, he shorted coins where large supply of tokens were yet to be unlocked.

In 2023, he’s longing coins where large supply of tokens are already locked by long bankruptcy procedures or burned.