brypto

one of the unique characteristics of this cycle is the ptsd from previous cycles

everyone's obsessed with calling top
or where we are in a cycle

those who have remained are those who round tripped the previous cycles
and no new people yet

writing about products & protocols on Farcaster | prev. Juicebox, Nouns, RAW DAO | casting about coffee, hi-fi, and other rabbit holes

yeah that’s totally possible, I think I’d still consider them “new” but I know what you mean.

somehow crypto still hasn’t hit a mainstream adoption phase this cycle despite 100k btc, it’s kinda sad in a way.

my sense is that these aren't people that heard about and bought their first crypto in 2023. my sense is that they mostly got in during the NFT leg of the last cycle

could be wrong 
don't have a strong data or even anecdote
just haven't met a lot of people who this is their truly first cycle

I think there are some new people, ansem didn’t gain 200k+ followers just from crypto natives. phantom’s metrics also suggest a user base well beyond CT.

but yeah directionally agree with your take, good post