It really will be a case of 2023 crypto winter.
Sentiment becomes extremely bearish at the lows.
Great for those who are sat in cash / money markets.
The point of maximum opportunity is what awaits those who play it well.
Be patient with a beautiful patience.
For anyone looking to make money on these "influencer name memecoins" remember this:
In a free pvp market where there's a free launch and we perfectly assume everyone has the same skills and edge there's a 50% of you making money or losing money.
This is 𝗻𝗼𝘁 the case here.
Do you know the popular catchphrase:
"The house always wins?"
This is one of those scenarios.
Both the influencer and the people they are surrounded with are holding a big fat stack from the start.
Not only that but they can load up as much as they want because they 𝗸𝗻𝗼𝘄 it's going to pump after them shilling it.
There's always people 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 that even through all the disadvantages presented to them they will still make money.
So in reality your chances of earning anything with it are already sub 5% at the start.
And what has any knowledge of mathematics every taught you about a 5% success rate?
Yeah, you are going to lose.
To explain it even more simply for the blind homies out there:
For 𝗲𝘃𝗲𝗿𝘆 dollar won in this market, there is a dollar lost somewhere else.
No money is created and not everyone is going to win.
Money is only moved around from point A to point B.
So what does this mean in practice?
That means we have winners and losers.
And who do you think is going to win money and lose money?
The influencer and the insiders holding a big fat stack of tokens right from the start?
Or the people hoping to make money buying after them.
Even worse, the influencer probably has all of the tokens for free so you are practically already giving your hard earned money to him.
There wasn't even a competition to begin with.
Memecoins are one thing.
But these influencer tokens are an entire new breed on its own.
In my opinion the space might have hit the highest low we have seen yet in the entire history of crypto.
The damage this will do from officials might even be larger due to this than it already was going to be.
Influencers don't even need to earn honest money for there work anymore (sponsors for their well written educational articles for example).
Just launch a token that the community believes they will make money with and watch the millions pour in.
If you have 𝗲𝘃𝗲𝗿 doubted the legitimacy of any influencer you are following before this is probably the easiest call out you have ever had.
Anyone launching tokens now is an easy "I'm using my audience for shills only".
Just my 2 cents.
Tread carefully.
Nova out ❤️
The 2 year yields chart (US02Y) can help us to anticipate the top of the FED Interest Rates. Then we always had a recession in all the previous 5 cases in the last 40 years
This wouldn't be a surprise. Everybody is acknowledging a recession happening soon
Something is brewing🧵
In 1995 a group of NASA scientists studied the effects of various drugs on spiders, specifically on the way they weave their webs. 🤨
The LSD one looks good. The Caffeine seems to be more messed up than the one on Speed 😂
The Marijuana spider got halfway done and gave up.
$BTC
1) Price convicingly breaks the bear trend and pierces the 21 weekly MA with continuation higher,
2) Price eventually pulls back / below the 21 several months later. This is the time imo where if presented with a similar case I buy spot and hold.
3) Acceptance back above the 21 with the trajectory shaping up - kicks off the bull run.
H1 = For me is about trading bitcoin both ways.
H2 = Will be when I start scaling into #Bitcoin aka what I believe will be the tail side of a macro accumulation.
Australia is a US dancing bear and will go down with US Empire like the band on the Titanic. It’s not too late for New Zealand to choose a different path. It would be wise not to close the door on the new multi-centric International order.
Green candles are the fountain of youth.
Price moves up 2% and suddenly my telomere length begins to regenerate.
My body begins rapidly repairing all minor injuries within seconds.
I can feel the myostatin inhibitors surging through my body.