I was attracted by the number of viewers and followers in the millions and the views in the billions on social networking sites. What an enjoyable journey. I believe that this will reach numbers that it deserves. $NOBODY @nobodysausage#NOBODY
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the current market setup feels like one where i want to take a new trade for the first time in a long time
in particular, extremely oversold assets on liquid venues with a history of explosive pumps look attractive
i opened a small, low lev $PIPPIN long trade today
TLDR:
• down 97% from ATH from barely two months ago
• available on liquid CEXs including Robinhood
• very strong volume (currently doing same amount of volume as its market cap)
• listed on every major perps CEX and has solid volume and Open Interest (OI)
• its recent parabolic rally from sub $20m to $900m is still fresh in people's memory, so it's hard to imagine many other coins pumping 2–3 digit percentages and this not doing at least a 2x or more from its current market cap of a little over $30m
i want to be clear that this is a very small size, very low leverage, very short term trade for me. funding is also starting to get elevated on perps so it could get volatile and liquidate late longers
i've now made this my pinned post to make a statement
will likely not be as vocal for a while and just let the market do the talking
resistance is $USELESS
CT tends to forget things very easily
people often talk about my $BONK trade in isolation, but i've traded memecoins across multiple cycles and have been vocal about this fact for a long time now
my BONK trade is my most viral trade, but that trade isn't even close to being my biggest memecoin trade
when i first came onto the scene with the BONK trade in 2023, many doubted me and thought i was retarded
i didn't even have an X (then Twitter) account at the time
it was a trade i took in @0xLawliette's 'The Lab' group, and soon a lot of trenches groups started talking about my trade as i provided updates in The Lab (which L shared on his Twitter page then)
i initially went from $16k to $50k to $100k, and then $1 million plus on that single trade
then the story took off on Twitter and many begged me to open an X account
i opened an X account and became a main character on and off for a while, as people mocked and dunked on me during drawdowns, then hailed me again whenever my uPnL ripped with the market
everyone sees the $BONK trade as 'the guy who turned $16k into $20m plus on a single trade' as if it was some effortless lucky run that went up in a straight line
very few people saw the conviction it took to keep holding while things looked hopeless and almost everyone on this platform turned on me and made me the butt of their jokes for months every time the market dipped
but i was pretty clear and loyal to both my thesis and conviction at the time, and i rode that trade from $16k to $20m plus at peak
of course 10/10 happened and i got wiped out
no one predicted an 80% crash in a single candle on blue chip altcoins in mere minutes
nothing remotely like it had happened before in crypto
it didn't even happen during COVID
it's an anomaly and shouldn't have happened
anyway, that chapter is over: i've been humbled and i've learned key lessons that will forever remain with me
however, it's easy to look at my BONK trade in isolation and regard it as 'pure luck'
in addition to BONK:
• i nailed almost every major Elon meta in group chats and realized several 7 figures worth of profit on them e.g. with $GROK and many other memecoins at the time (i played a huge role in getting many of the new cyclers to understand Elon's power in moving memecoin markets)
• with GROK for example, i clearly laid out my thesis, aggressively pushed it and got many of the Lab homies to see the vision even though i had limited clout at the time. i think The Lab collectively bought over 10% of its supply at some point mainly due to my thesis, maybe even more, and many made 6 - 7 figures in profits as a result
• i called almost every major bluechip runner of the 2024 meme run before they exploded
• i publicly turned $5k into $1 million plus on a single $WIF trade
• i publicly turned low six figs into $8m plus on a single $FARTCOIN trade
• i publicly turned low six figs into 7 figs on several other coins e.g. $POPCAT, $PNUT, etc
• i called the Politifi meta way ahead of most and publicly turned peanuts into mid-7 figs to 8 figs on a few Politifi coins
• i called the Roaring Kitty meta (with the $GME, $AMC, and similar memecoins at the time) and hit mid 7 figs on low six figs invested into these coins
i'm not trying to say i'm perfect btw
i'm deeply flawed, and i have publicly proven to be bad at taking profits
in hindsight, this only became an issue after i started documenting my trades because i somehow felt responsible for people who followed me and became too worried about what would happen to their positions if i took profits
that was a very stupid (and poor!) mindset to have, and i've grown out of it (hopefully!)
the point of all of my ramblings above is this:
there is a method to my madness with memecoins, and i've traded them long enough, through multiple cycles and hundreds of coins, to trust my instincts
i very rarely have this level of conviction in any memecoin
and i can count on one hand the amount of memecoins that i've had that level of conviction in e.g. BONK, FLOKI, etc (all ended up hitting multi-billion-dollar market cap and being generational trades for me)
when i keep hammering on just one coin while an army of people pocketwatch, mock, and ridicule me... even though i could have made 7 figures, maybe even 8 figures, by cutting deals and shilling dozens of other stuff i have no conviction in (and i get a crazy amount of offers)... it's because i have extremely high conviction in the potential of that coin
the level of conviction i have in $USELESS is greater than i've had in almost anything else in this market
so i'll keep pushing it aggressively until it gets to the level i believe it's ultimately headed toward in due time 🫡
animal spirits are raging across the market, and the $USELESS chart looks like this:
• ~100 days of consolidation near the bottom
• sellers exhausted
• breakout looking imminent
this honestly feels like one of those moments where it suddenly goes vertical and leaves an absurd number of people sidelined, waiting for a dip that never comes
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بيع عملاتك البديلة القديمة 2021
السوق تغير ولم يعد مثل قبل.
في السابق كان السوق جديد ولا احد فاهم كلن يلحق الثاني
الآن اصبح كل شي واضح اغلب المشاريع ما تحتاج عمله 😅
حتى لو نزلت الفائدة وطار السوق صدقني بترتفع العملات الكبيرة + الميم كوين
تذكروا كلامي 😁