@lynk0x $0 to $10k is about learning the principles.
$100k to $1m is about increasing volume of the learned principles.
It takes a lot of time to learn the principles.
Everyone who thinks this hasn’t traded on $GRAM with the updates.
The next meme coin cycle will happen here 100%.
Trading memes on TG is fun and brings back the old vibe it used to have.
Saw many people hating this take, but honestly, i find it pretty true.
Notes : While i'm 100000% for a bagworking mood and imo it's one of the only way to bring back fun to the CT space ; it's always interesting to check the impact of the different kind of bagwork on the price action.
And imo, best way to think about that is to think about the buy cycle :
1) What makes people buy a coin ?
Right now, imo people only following :
* Big volume (not wash volume / volume bot), but big inflow of volume
-> Hence why this market is full of god candle and then retrace to hell
* Copytrading their favorite motion guys.
-> 99% of the new coins are only based on that.
If they're in => You'll get a pump
If they're not in => GG wp, you're gonna work for nothing
==> As a dev, you want to onboard people => you want to onboard these motions guys.
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2) What makes these motions guys buy your coin ?
Different reasons imo, and that may be the sadest part of this tweet.
* Either they are early in a coin (most of the time, it's a fnf coin / a friend coin / or a tiktok - based news coin)
* Either they're gonna get airdropped some supply.
(hate it if you want, cause "the motion guys are pushing a coin they got airdrop) => That's the whole goal mfer.
* Either they love your project / What makes you different from the others.
=> These 2nd and 3rd points are about bagworking.
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3) The kind of bagworking and their impact :
-> And that's where i kinda agree with @jackduval take
* Raiding on twitter = People want to believe (even me as Kermit dev) that Raiding some big guys will make them buy.
-> Most of the time, it won't do shit except if it's coming from a big guys.
BUT It cost nothing except time and ego (you'll be ignored most of the time)
=> One guy who decides to buy your coin and you gonna get a volume inflow -> a big progress
* Posting on twitter (thesis / vision / plan) =
Funny cause that's what i'm doing and gonna continue
BUT it has clearly 0 impact on buy pressure
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And that's where i disagree , there are many kind of bagworking that CAN be usefull :
- Dm people = and explain the vision / plan / how it'll be a fcking good coin.
=> Even if you have 1% Win rate = it's a W
- Do some top content = Everything is good to onboard people
- Get some deal with people (can be airdrop / Top up airdrop / ....)
- Even, create your project TREASURY
= Do something people are not used to, and they may get interested one day.
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Bagworking has never been easy and isn't made to be easy.
But it'll be worth it (maybe one day).
And i'm def here to bagwork forever.
Maybe in a different way (DM / get a kermit treasury to 1M$) , but i'll bagwork Kermit forever