The most useful app for me right now would be the ability to delete 90% of tokens from existence . Liquidity is scattered . This is bearish for most of altcoins .
WE DO NOT NEED MORE TOKENS. Its getting ridiculous at this point im all for a free market and all that but this is too much . We need actual products and useful apps .
“What do you do?”
“I’m a professional cryptocurrency trader.”
“What do you think of the market?”
“A cartoon duck is bearish memes and flipped his profile pic upside down, which he famously did in 2018 when he crushed the bear market. But Ansem, future Mayor of New York City, is fervently disagreeing. We’re running out of GCR permutations based on ethnicity so now we’ve called the cartoon Duck ‘Gay GCR’, named after the bird dude who has one of the best public track records and long-term predictions. Most people seem to think the cartoon duck is washed and are dunking on his takes based on meme outperformance relative to other sectors, but the confidence of the reply guys is worrying some traders as the very idea of the meme cycle topping is a prima facie non-starter for them. The WIF 1-second chart is a war zone. Also, Raoul Pal just came up with his fifteenth version of some macro liquidity thing called the banana zone and Huss is using the Saudi sovereign wealth fund to long ETH. So the market is trying to price upside down cartoon duck and militant reply guys versus memecoin strength, Ansem, and the banana zone.”
Add to that the serial scammers who have 0 shame pretending to have money and living the life while selling courses and shilling dogshid . So it’s quite a situation.
My biggest mistake in crypto maybe is not knowing more people inside the space. The issue is that i think this is the most unserious and ridiculous industry of all time . It also has the largest amount of cringe people only comparable to the them/they crowd .
Im managing my expectations, i will not gamble everything on a memecoin i will improve slowly and steadily. The dilemma is the more established this space is the harder the crazy returns. Im finding this cycle a bit difficult so far compared to 2021. Soon it will be easy again.
The biggest trapped I noticed in this industry is the ego boost after having a few good calls on coins and making some X’s . After that people let their guard down and more often than not take horrendous decisions that usually costs them their profits and some of the initial.
Remember its only just speculation . Being lucky does not equal skill. I think a very % of participants truly understand the mechanism of the market and how to profit from it most of the time . Most people dont make it . So far , i’m one of these people but its fine .
You just have to be a degenerate gambler at first and decrease risk as we get into later stages of the cycle . Have a clear entry exit strategy and rotate a bit besides that just press buttons . Last cycle i was the epitome of mid curve , i will simply left curve it this time
Been a while since i posted anything. Ngl didnt make the most of the upside but i was okay. Still the macro in 2024 one to watch . Hoping for a massive bull but also worried about WW3, economic crisis . Excited for some larp-traders to get fleeced and exposed.
Experienced traders who actually make it tend to diversify their holdings in assets such as ETH, BTC, COIN maybe LINK, SOL if they’re feeling adventurous. But for us plebs its either make it big or tried not to get wiped out . Bullmarket literally doesnt need iq or analysis
Im not a war expert but i dont think anyone who’s engaging in a war cares about women and children they’re used to gain the public opinions sympathy. Harsh but true .