Ktrap @ktrap

Building at the intersection of Crypto, AI & Digital Assets. Day 1 Neo Tokyo Citizen. Founder @GridPhantoms. Not financial advice. The Grid Joined March 2009

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Ktrap @ktrap

11 hours ago

@elliotrades 🤝

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Ktrap @ktrap

18 hours ago

@iamlukethedev @NousResearch Yeah, I reverted until that’s compatible 🤞 keep us posted

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Ktrap @ktrap

a day ago

@kaneco Definitely 🔥

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👀 Bookmark this and either roast me in 2 years or stand in wonder that Ktrap was actually right This could be my most stubborn and hated contrarian take: NFTs are coming back Not immediately Not cleanly Not because the 2021 playbook comes back exactly But because the original reason NFTs made sense never died It got buried under fake roadmaps, cash grabs, and mercenary communities Humans collect things Digital scarcity was always going to matter once humans lived more of their lives online NFTs make sense because people want proof > Proof they were early > Proof they belonged > Proof they survived a specific era > Proof they saw something before the market did Some NFTs are artifacts And artifacts matter CryptoPunks are blockchain cave paintings Only 10,000 There before most people understood any of this That is the collector argument Not utility, although it is a bonus > Provenance > Scarcity > Cultural memory And I think the same lens applies to 2021 / early-2022 headliners BAYC Art Blocks Pudgy Penguins Cool Cats CloneX Neo Tokyo Azuki Moonbirds 👉 Right now, 2021 still feels cringe because the wounds are fresh The scams, influencers, Discord grinding, floor price cope, and “gm” industrial complex Fair A lot of it deserved to die But time does something funny to markets What feels cringe at the bottom can become historical later Everyone who was there remembers it > The allowlists > The reveal nights > The gas wars > The Art Blocks mints > The Neo Tokyo riddles and lore > The feeling that your wallet was a passport into a weird internet city People can pretend they’re above it now I don’t buy it If crypto enters a post-2028 halving bull scenario, the flex layer comes back It always does > Bull markets create money > Money creates status games > Status games create collectibles The next version probably looks different from 2021 Less “every mint is a 10x” More “what are the scarce digital artifacts from crypto history” That is where OG collections get interesting By then, CryptoPunks will feel prehistoric By then, 2021 collections will feel like the Jurassic artifacts Obviously I’m biased but Neo Tokyo is one of the more interesting examples It was lore, access, identity, game theory, yield, breakthrough NFT tech, networking, and status wrapped into one standout 2021 artifact A citizen was not only an image It signaled you belonged to the corner of crypto that believed the internet was becoming a city, and NFTs were the key-cards granting you access Access you earned That sounds less crazy every year Membership is still one of the best long term NFT arguments > Own the asset > Enter the network > Access the room > Carry reputation across platforms The contrarian part is buying when nobody wants to hear this NFT sentiment is in the gutter People don’t just think NFTs are down They think NFTs are embarrassing That is usually where the best asymmetric ideas start > Not guaranteed > Not easy > Not “ape every dead floor” 👉 But selective accumulation of culturally durable NFT assets while the category is treated like trash could look insane in hindsight when the next mania returns Especially after 2028 Because by then, the time gap itself becomes part of the asset > CryptoPunks become legend > 2021 grails feel ancient > The stories become cleaner > The tourists are gone > The collectors get pickier And when BTC goes through another full halving cycle into a real bull, people with profits will want more than yield > They will want identity > They will want trophies > They will want proof they made it through the game That is where NFTs come back Not as a copy of 2021 As crypto’s collectible memory layer > The chain remembers > The wallets remember > The artifacts remain That is the bet NFTs are not dead They are sitting in the ruins of the first mania, waiting for the next generation of crypto winners to rediscover why digital trophies mattered in the first place

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Ktrap @ktrap

2 days ago

@eye5683eye Haha 🍻

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Ktrap @ktrap

2 days ago

@punklave Just needs a little time 🤝

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Ktrap @ktrap

2 days ago

@Crasher98NT 🤝🤝🤝

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Ktrap @ktrap

2 days ago

@cmpayneful Ah ok you feel like the token distracted from the collection, yeah maybe 🤔 but such a solid brand I think it will do fine longterm

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Ktrap @ktrap

2 days ago

@citizen_snarf Yeah it’s def gonna be a little hibernation szn before we get there haha But this will allow for some crazy bargain grail sniping for those who believe

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Ktrap @ktrap

2 days ago

@cmpayneful What do you mean exactly?

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Ktrap @ktrap

2 days ago

@bennyjohnson Has to be the most retarded politician to ever walk the face of the earth, I mean just objectively speaking of course What an absolute moron 🤦🏻‍♂️

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Ktrap @ktrap

3 days ago

@thirtythree Huge day 🚀

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Ktrap @ktrap

4 days ago

@EaglewulfStrat Wise words 🤝

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Ktrap @ktrap

4 days ago

🔍 Worth reading The key distinction is no FTX/Luna-style crypto blowup this time This is macro pressure testing BTC’s structural levels 200W SMA holds and the bounce case stays alive

VirtualBacon @virtualbacon

4 days ago

Bitcoin is sitting right on the 200-week moving average, around $61,300. I want to be precise about why that matters, because most people quote the wrong line. The 200-week simple moving average, not the exponential one, has marked the cycle bottom in 2015, in 2018 and in 2022.

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Ktrap @ktrap

4 days ago

@cmpayneful Yeah that’s how I read it A wick below wouldn’t really change much imo I’d say it’s more of a siren if BTC starts closing weekly candles below the 200W SMA That’s when realized price becomes more relevant

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Ktrap @ktrap

4 days ago

@GreenFraudcom I’m feelin it 🤞

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Ktrap @ktrap

4 days ago

@elliotrades Haha true 🤝

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Ktrap @ktrap

4 days ago

@the_MISTER7 Yeah I feel that Might be bull-brain, but if SPCX opens hot I’m watching where those profits rotate If people want to stay risk-on, BTC feels like the obvious washed-out place to park gains

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Ktrap @ktrap

4 days ago

👀 SPCX IPO tomorrow could quietly become bullish for BTC My theory: Early SPCX profit takers won’t fully de-risk to cash They’ll rotate from the IPO momentum trade into oversold BTC, where sentiment is washed and liquidity is deeper If SPCX opens hot, BTC may be next to catch the risk-on spillover