Me staring at the screen after realizing the $ANSEM I sold at $400K mc for 0.11 sol profit just a few days ago is now everywhere, airdrop millions, and head toward a $1B market cap...
Don't be me.
@badattrading_ no you're not, followed you since you had a few hundred followers and dodged so many rugs thanks to you. Without your tweets, I'd be homeless right now lol.
I think youβve helped more people than ZachXBT.
cant really do anything about what people decide to trade but i will be clear about where we are at in the market
you do not want to burn your cash at the bottom especially when majors are at high conviction r/r spots, a return to ATH from here on solana is a 4x, last cycle bottom to top it did a ~37x, personally i think it ~10xs from here
bitcoin is down 50% from ATH testing very important support level confluence of prior cycle ATH & long consolidation s/r
solana is down ~75% at key support level also, if majors start trending again we are extremely early to the easy part of trading this market, this right now is the hard part, you are supposed to conserve your capital during the hard part so you can slam things that are trending when the market is becoming easy
your port should be broken up into majors & degen plays, if sol 10Xs from here then what are the onchain coins that establish themselves as betas going to do? a lot did 100Xs last cycle from the prices they were at weeks after theyd already been deployed, especially if you're betting on solana making a higher all time high they'll go even higher
buying onchain coins with established momentum & joining others bagworking while aiming for a 100X is infinitely better than buying new pairs vamping coins that already exist aiming for a 10,000X, the former has much higher success rate & is also much easier to buy, also, bull markets are very long so you even have the opportunity of rotating onchain coins ~6 months after their main run ups, for ex. you could have hit pepe, bonk, wif, fartcoin all last cycle, none of them topped at the same time, & all of them you had ample time to see them gaining momentum way after they launched
again im not a trencher so i dont fully understand these things but it makes way more sense to me to size into plays as they are becoming consensus and tp into euphoria when majors are at all time highs then look for new plays that are in the same spot, especially now since everyone is so bearish crypto there is infinite sidelined capital that is going to be present to buy your bags higher, you dont have to knife fight each other over 10k market cap coins