Elroy

Runes

[Elroy @blocboyerroy]

Slow and steady, "Compounding wins is the way to go"

[Wizard Of SoHo (🍷,🍷) @wizardofsoho]

Friend hit me up for a loan:

Killed it in 2021. Memecoins especially and some levered trading. Dumped Eth at 4k bought a McLaren. Went to stables at the absolute top basically. Still has like 500k in cash (single and no responsibilities). Quit his consulting job.
Took 2022 off to enjoy the world. Blew off a lot of money. I told him to make investments in cash flow business and diversify more. Said he will make money in next bull and use that to set himself ahead.

Came back 2023. Lost 100k in memecoins buying top on all.

Revenge traded with perps shorting the pump all 2023. Lost everything.

Sold his McLaren. Took the cash and longed into ETF with leverage (only 4x)

Lost it all again.

You will see many CT people and random posts on people crushing it this market in memecoins and levered trading etc. 99% of them will lose it all. 99% will be one hit wonders trust me.

Over my 15+ year life trading and investing accross bonds, stocks, crypto etc I have seen so many people make life changing money. Only like 3 or 4 of them were able to keep or be up more years later.

Don’t make the mistake of following the false idols who are one hit wonders. Stick with the people who have been consistent and have made it through cycles time and time again and stayed on top.

Don’t go for the gun slingers. They seem exciting but will end up losing it all and make you bankrupt with it.

Stick with the ones hitting singles and doubles through all markets and focus on risk management. Compounding wins is the greatest hack of all time.

Cheers

[Cryb₳bycry @crybabycry87]

My portfolio:
99% $ADA
0.5% BTC
0.2% ETH
0.2% DOG
0.1% FET

And I have 6K at BTC. Do the math on $ADA.

[YabaLeftOnline @yabaleftonline]

iPhone XR survives again.

[Elroy @blocboyerroy]

@jj0ffice @LegendofArcadia @DarkMachineGame @PlayAriaGame @ZooManiaGames @SummonOfGlory @Artifacts24 @Ardoxus @EverreachLabs CRYPTO IS BEGINNING

[jj0ffice @jj0ffice]

Upcoming Free mints that YOU should secure 👨‍🍳

1. @LegendofArcadia
2. @DarkMachineGame
3. @PlayAriaGame
4. @ZooManiaGames
5. @SummonOfGlory
6. @Artifacts24
7. @Ardoxus
8. @EverreachLabs

Nfts are slow nowadays,
but the right ones will cook regardless.

[jj0ffice @jj0ffice]

I recently opened doors for my own DAO 👽

Introducing "Da0ffice" (@Da0ffice) :

• Limited to 100 members .
• Exciting WLs, Alpha & other rewards.
• Educational Resources.
• Job Opportunities.

Drop a comment if you want an invite 👇❤️

[Elroy @blocboyerroy]

@playsomo SOMO

[Elroy @blocboyerroy]

@zushanhashmi @DanketsuNFT 👀

[Elroy @blocboyerroy]

@DbagMfers gm

[Elroy @blocboyerroy]

@CryptoBazzy @Dogetoshi "trust me bro"

[Elroy @blocboyerroy]

@Cardano_Lounge @blastbirbs @Juapatero @SvenCardano

[Elroy @blocboyerroy]

@Cardano_Lounge @BLASTSNIPERZ @Blast_L2 @Akki_Nft @Karty_ADA @SvenCardano

[Elroy @blocboyerroy]

@solkitto @BlocksmithLabs SUP @Cardano_Lounge

[Elroy @blocboyerroy]

@rush_labs hello world!

[Elroy @blocboyerroy]

@an6y_jpg Great analysis! Still holding jup to see how this plays out

[an6y.jpg | ⌥ @an6y_jpg]

Were we all wrong in saying $JUP is going to $2-$3?
Yes, obviously, but also no.

We didn’t understand the new mechanics on this new type of launch.

The demand was there. Around $125m sent $JUP to $0.7. If this would have been a normal launch the price predictions would have hit.

But why didn’t this happen?
@JupiterExchange setting and clearly communicating the DLMM price settings automatically created a psychological resistance price for traders at $0.7, which in reality was quite the opposite. At 0.7 the DLMM liquidity (volatility resistance) was gone, proper parabolic price discovery would have been possible.

A lot of demand/volume was handled via OTC deals on @WhalesMarket. @HGEABC alone bought around 9m tokens there.

@JupiterExchange supplying sooo much liquidity completely halted any type of parabolic price discovery. Good for accumulators and airdrop dumpers. Bad for bots, traders, degens and moon boys aka volatility lovers.

If you want to know how much this liquidity is keeping the $JUP price in check simulate at $1m USDC buy on $JUP and $PYTH.
Slippage:
$JUP: 1.32%
$PYTH: 32.7%

A quick linear extrapolation: with $125m in buying pressure with a normal launch pool would have catapulted the $JUP price to around $2-$3 post launch.

What does this mean?
1. The launch worked as intended, the mechanics are spot on and probably as fair as can be for a token launch. Great stuff @weremeow
2. On Wednesday the @JupiterExchange DLMM pools gets pulled. The price then will determine the circulating supply for the next 12 months. @ $0.7 or above there will be 1.35b tokens available, @ or below $0.4 it will be 1.1b tokens after the team removes the DLMM. Both are bullish in their own way. Either @JupiterExchange raises a huge amount of $ to build great tech or we see a circulating supply cut. The truth will probably be somewhere in between.
3. Imo we can expect some sort of bullish news leading up to Wednesday, most likely staking. Why? @JupiterExchange want to get as close to $0.7 as possible to raise as much as possible.
4. Once the DLMM pool is removed volatility will return, traders will return, volume will increase and a moon mission could be set in motion.

I‘m comfortable holding my free airdrop.

What’s your take?
Do you like the mechanics?
How will this work for future launches, now that we know how it works?

[Elroy @blocboyerroy]

@zushanhashmi SO SICK

[Elroy @blocboyerroy]

@Goombles_ @LilSappys Sappygoom @SvenCardano @OOOnerr

[Elroy @blocboyerroy]

Believe

[Pluz Finance ( previous Lyve Finance ) @PluzFinance]

We've received a lot of feedback from our community. Amidst recent market fluctuations, there's been significant fear, uncertainty, and doubt (FUD). 🌪️

We value your voices and understand the importance of a supportive community. Here's our commitment to you: 🤝💪

1️⃣ Building never stops at $LYU. We're steadfast in our goal to make $LYU the #1 LST-supported cross-chain stablecoin. 🏗️🌉

2️⃣ Exciting news! We've completed a UI rebrand design, and it's set to be released soon. Stay tuned! 🆕🎨

3️⃣ Staking is under development! We're brainstorming relentlessly to maximize benefits for LYVE stakers. 💭🔨

4️⃣ In collaboration with our partners, we're designing the Apollo campaign. Our aim is to foster growth and strengthen our community. 🤝🌐

As we always say, Rome wasn't built in a day. Let's build this amazing community together. 🌟

#Building #LST #LSD #Defi #Lyve

[Elroy @blocboyerroy]

@playtheheist 8F973AYZ4mf489D3TMHSK2oyXcj1rJQduQPQrrbuQCP9