give higher low and breakout on launchcoin
all higher betas are attempting at frontrunning the next expansion on launchcoin, showing bullishness and optimism around the icm meta
ripvc, retaking levels and forming higher timeframe consecutive higher lows
How do you get rich playing this game? There are several ways but I'll explain the most common:
- Build your own thesis fueled by conviction for a trade that will take multiple weeks or months to play out
- Ignore almost everything that happens in the middle.
current strategy p.3:
bonkguy finally blessed me with some exit liquidity for both useless and petunia, trimmed 50% and left moon bags, ngl these holds have been brutal as the price action has been so schizo, loss of levels, reclaims, slow bleeds and sudden pumps
very unpredictable, had to cut and buy back several times
insider cabal markets + believe eco coins (excluding launchcoin) have continued their slow bleeds and are now sitting at support levels where i have started to nibble, splitting risk between mid and low caps (noodle, rip vc, fitcoin, bump, etc)
leaving majority of capital for swing trades tho as the constant pvp provides ample of opportunity for quick wins while hedging for any fomo or paperhanding i feel when liquidity gets vampired
osamabinsurvivingthepvp
splitting port into three tranches gives you the ability to partake in every niche in the market, combating any fomo you might feel:
1. conviction holds: 6-12 month holds where you take profits at certain targets
2. mid/high cap swing trades: playing momentum and temporary metas focusing on taking profits and leaving moonbags
3. trench warrior stack: pure sol or stables to deploy on new pairs and low caps
1/ in the next 1-2 months, there will come a time where the overall market corrects by 20-30%
you want to have stables ready for this moment, why?
because generational entries will come your way
lets use btc´s correction from 73k to 66k in end of october as a case study
we start by looking at some of the best performing assets in the market, what were they doing during this correction and what happened after btc recovered?
current strategy:
playing the insider cabal markets rotations focusing on any app or platform that is close to or has a potential at hitting product market fit with coin integrations, also focus on marketing and strong branding appeal as that is what attracts degens, typically it is best to just ape the leader, while new launches are good for flips with extreme risk management (look for confirmation of token from team or founder and check their background), alternatively a meme that takes away execution risk, similar to what fartcoin did to the ai sector
at the same time, i am monitoring the leaders in memes as we are being gifted a long awaited pullback, a nice flush to wash out the betas and low quality plays, leaning heavier towards the established ones in the midcap region (this includes both organic, cabal and bonkfun memes) + anything new that comes to market that stands out, as i believe we will always return to memes, trenches supercycle
i am enjoying this so far, as my utility brain has not been stimulated in some time
wannabe intellectuals + retards winning at the same time
osamabinenjoyingthetrenches
some advice from a third cycler on a day like today (if this truly was a local bottom)
if your bag did not pump atleast 10-20%, today, you should probably cut that shit
force your mindset from short term to long term, if you are in a conviction trade, it can take weeks, if not months for it to reach its full potential, this sort of mindset change can be hard since we have seen narratives top very fast the last months (this does not mean that you should not take profits, do it but not as aggressively)
trust higher time frame breakouts, if something has broken out technically, trust the process it takes for it to turn resistance into support, do not get shaken out
there will be liquidity sucking events, whether it is daily runners or change in narratives, the play is to either front run that happening, or taking action immediately, not capitulating at the bottom
you will fomo when other coins you do not have exposure to run, or a daily runner spawns, so plan accordingly, a good way of doing so is by having a % of your portfolio in either stables or sol for degen activities
osamabinsharingthoughts
gentle reminder to continue to farm these 3 projects (wayfinder will come later, but you can register first):
https://t.co/Aj4MYsjjSg
https://t.co/04dDQqQvPO
https://t.co/qypGbxVfxu
I have never seen anything like this market before. The amount of money flowing in right now is absolutely absurd. If you want a chance to change your life, this is it. Lock in, spend every free second you have at your PC and attempt to change your life. There is nothing else in this world or anything else in this world that can produce the potential wealth you can make in the next few weeks/months.
Stop making excuses and make an attempt to change your life and retire so you don't have to be a wagecuck for the rest of your life. This is the time where generational wealth can and will be made.
The Overton Window has been smashed.
If everything is now legal[1], many startups will try raising funds by issuing tokens as explicit cryptoequity.
As context, the SEC distorted the market for the last decade by forcing founders to obscure the obvious analogy between tokens and equity.
But there is nothing *morally* wrong with moving equity from spreadsheets and NASDAQs to blockchains.
Indeed, from a *technical* perspective it’s far better to represent equities onchain. You can hold them in a wallet, price them with an API call, and track them on an explorer. You can also easily issue dividends, execute buybacks, and manage vesting schedules.
And from a *financial* perspective, there is no contest between the global market of crypto investors and the local market of any given city.
But that shouldn’t mean short-term behavior. Founders can (and should) implement lockups, drag along, cosale rights, and the like. All these conventions align long-term interests of investors and founders.
You could get there by using AI to translate a typical Series A package into a set of smart contracts. And exchanges should step up to help retail by clearly identifying assets that implement long-term, value-aligning lockups.
At least, that’s the responsible game plan for using new technology to fund actual companies. I hope we use our powers responsibly, and will fund projects in this space as we gain more legal clarity.
But we may *finally* enter the long-overdue age of the cryptoequity.
[1]: Obviously this is a rhetorical overstatement. It’s not literally the Purge. But as with the uncensoring of X, there is an enormous range of new things that is now apparently permissible to do — some good and some bad. And a risk-tolerant community will surge into that space to explore what’s possible.
This is one of the downsides of regulating by enforcement. All the SEC did was shoot at good people rather than make good rules. Perhaps the moment was simply beyond their capabilities, and the regulation will de facto fall to the crypto exchanges.
In other words: we don’t yet have rule-of-law. All we have is rule-of-code. And that may be how it lands up.
seeing people pulling in 6 figures a day while I’m capped at 5 figures max is wild
feels like competing against players using macros in Fortnite…
got me thinking about what custom tools they’re using, if any at all
any advice on stepping up my game would be appreciated