@MyriadMarkets@denergychain Should've won the 2010 World Cup against Spain.
Should've gone through to semi-finals in 2022 World cup against Argentina.
Now we bringing it home. Let's go Netherlands.
$1,000 GIVEAWAY ⚽️
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How do the markets see Mexico vs South Africa?
@MyriadMarkets users give Mexico a 70% chance to win 👀
What’s your call for the #BNBWorldCup? Drop them below 👇
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🚨 REKT REWARDS RUN PC + PRODUCT GIVEAWAY 🚨
HOW TO ENTER ⤵️
- Play any W Melon CS2 Prefire Map: https://t.co/UH2QtrG85U
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- Follow @rektdrinks
when prices are low...you're upset. you're probably angry...and generally you need someone to blame.
this is when project founders take the most beating, rightly or wrongly so, but emotions get the better of everyone.
i get my fair share of comments, and i generally understand them...like...no one wants to lose money and when u buy into a project u back a founder to make money for you...so if that doesn't go to plan u naturally blame the founder - simply just human reaction.
i can sit here and talk about bad market, things out of founders' control bla bla bla - but there's no point, coz deep down everyone knows that already, and it doesn't fix the human need to take one's anger out on a specific person.
one thing i would say though, is Rekt is not just a one-hit-wonder. we are now over 4 years since rektguy started, and in those last 4 years we've had our fair share of ups and downs, riding cycles and people flipping from thinking we are the best thing since sliced bread to a complete ball of nothingness and back again.
but the point i'm trying to make here is that i've personally never given up on Rekt. in the context of CT, i have enough self-awareness to understand that i am not the smartest or most talented person in the room, however, i've been through many market cycles...everything is a cycle, and the cycles will keep going until the end of time. the only question is how long each cycle is, and what the peaks and troughs are.
when you hit cycle lows, you will see a significant amount of projects die...founders walk away, communities perish...and those projects are slowly forgotten over time. incredibly, founders move on to create new projects, for new cycles, run things back and extract again - it never ceases to amaze me that they are able to serially do this without any repercussion and people simply forget.
ironically, when you actually show some loyalty to your project and community, you are more likely to get a bit of stick, because you are vocal/present/active - ie at the forefront of peoples' minds, so you may be putting in your best efforts but the market is the market, but such best efforts still make you a visible attack target.
and that's fine tbh...one thing that the last 4 years of doing this has taught me is that u gotta have a vision, and that vision has to be a multi-year vision, accounting for the fact that you will have multiple peaks and troughs within that time frame, it just is what it is.
i see many founders crash out in times like these because they simply cannot take the constant harassment by their communities (in some cases it's certainly warranted, in some cases it's not) - but again, i think if ur in this game, part of being a founder is understanding that ur gonna feel like a fkn hero when the times are great, and ur gonna get a lot of flack when times are bad - it shouldn't be something that mentally affects you in either direction - your only goal is to execute your vision without emotion (but with passion).
anyway i have rambled quite a bit here and sort of haven't touched on the chart below - this is the inverse euthanasia rollercoaster profile. i think it speaks for itself, but ill tell u this, in the last 4 years the Rekt ecosystem has had its peaks and it's had its troughs...and in its troughs i've experienced the same thing each time
"you're dead"
"crypto is dead"
"it's going to zero"
"it's never coming back"
"that was a dumb idea"
etc etc
and like i said earlier, this is where most people give up...but this is precisely where i see the greatest opportunity to build your profile, history and track record of not giving up, and thus building deep community trust over a longer period of time (the ingredients of what makes a brand successful).
each time we've crashed, we've patiently persevered...i don't give up and i'd rather ride into the flames of hell than be a pussy...and of course, each time we've rebounded we've reached new heights...not just in terms of price/mkt cap (which i know is what most people are focused on) but for the Rekt movement to become bigger and stronger.
we are back near that trough now, when things are tough, but i'm writing this to let you know that this is precisely where we keep going harder and precisely where we will add another badge to our blazer in the face of everyone else giving up.
you cannot control market cycles, but you can choose to feel the punches (i enjoy the challenge tbh) and simply keep going, coz that is what will will set the ceiling higher for the next time round.
$REKT
GMYR.
A little over 3 weeks ago I expected a drop in BTC and thereby the total crypto marketcap dropping with it, with exceptions like $HYPE & $BNB.
I started building a "short" position on @MyriadMarkets, of which I've sold some today. The positions are currently up around 70%-80%.
I could've shorted with 7x leverage and would have gotten the same result %-wise but, the fees for using leverage on the trade would've killed the PnL.
So, another pretty cool way to use prediction markets is "shorting" or "longing" the market with these bets and maybe in the future get rewarded for having open interest aswell.