why trading is the new religion

Summary

Thread Guy argues that the biggest asset moves require quasi-religious collective belief or psychosis, not just revenue or fundamentals. He says onchain crypto currently lacks that belief, making him bearish on the broad sector, but he sees Hyperliquid and Zcash as rare large-cap alts with fanatical holder conviction that can attract flows. He also mentions a small STON bid, AI coins as a cycle pick, and uses past trades and quotes from SPX6900, Solana, Bored Apes, GOAT, Micron, and crude oil as examples of religious conviction.

• Thread Guy says assets need religious belief or psychosis to make huge upside moves.
• He feels bearish on onchain because holders only want the casino, not the coins.
• He sees Hyperliquid and Zcash as rare large alts with fanatical holder belief.
• He says there are few superior large-cap alts that can catch flows.
• He mentions a small STON bid due to expected Agent Chud community religiousness.
• He says AI coins are his pick this cycle.
• He cites SPX6900, Solana, AI stocks, Micron, crude oil, Bored Apes, and GOAT as examples of religious conviction.
• He stresses having an 'epi pen' to eventually sell religious trades.