Cobie and Chris Burniske on How to Navigate a Crypto Bear Market - Ep.355

Unchained

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

• LinkedIn
• https://www.linkedin.com/in/burniske/
• Twitter
• 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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