I'm still risk on. 95% of my portfolio is in risk on assets. Holding very little BTC and very few stablecoins. Very long SOL.
I'm either gonna round trip a small countries GDP or make generational wealth. There is no in between.
HAPPY NEW YEAR!!!
$SOL has outperformed $ETH and $BTC since i flagged its outperformance vs ETH almost two weeks ago
the chart looks incredibly good right now, and i think it's outperformance is only going to accelerate from here
don't get me wrong:
i do not think ETH is done
if anything, i expect ETH to defy everyone's expectations and go to heights many consider impossible
however, i think SOL does even better
and the real trade opportunity lies in key Solana memecoin plays like:
- $BONK
- $USELESS coin
- #FARTCOIN
you really do not want to be underexposed Solana eco here!
Israel just assassinated the entire Al Jazeera crew in Gaza: fearless journalists and cameramen reporting the truth amid genocide.
This is a war crime and a crime against humanity.
Where are the Western journalists? Will they condemn this, or choose silence and complicity?
'AMA: i turned $16k to $20,000,000+ on a single memecoin trade (and more crazy trades)'
my AMA with r/CryptoCurrency, the largest crypto Reddit community with 9.9 million members, has concluded
i got over 600 comments, which makes my AMA one of the most active they've ever done
i will be publishing the AMA questions and answers in this thread over the next 24 hours
Question 1:
https://t.co/ryVCpLoFI5
1. Hey Unipcs, I’m blown away by your $16k to $20M $BONK trade! What was the one moment where you felt the most nervous, and how did you push through it?
2. Your USELESS coin and FARTCOIN trades are wild! How do you decide when to hold or sell, especially with all that volatility?
3. I’m new to memecoin trading—any quick tips on managing risk when using leverage like you did with $BONK?
4. What’s the craziest lesson you’ve learned about trading psychology from your high-stakes trades? With all these epic wins, are you eyeing any new memecoins right now that you think could be the next big thing?
5. Explain your leverage strategy?
Thanks you for creating this medium for us to ask questions.
Answer:
1. tbh i haven't had a moment where i've felt very nervous with my $BONK trade for a few reasons:
i) this is not my first cycle, so i'm very familiar with the memecoin game and understand the volatility that tends to come with it
ii) i've long trained myself to regard every single cent i invest into memecoins as disposable capital
iii) my conviction on BONK is based on a strong analysis of its fundamentals, so i've never doubted its long-term trajectory
2. i understand that it might be difficult for most people to hold through volatility, but i have the experience of having traded across multiple cycles in my favor
e.g. last cycle i got in early on SHIB, invested 4 figures, watched it do thousands of percentages, held in hopes of more gains without having a strong thesis or conviction, and then saw it crash 90% all of a sudden. i eventually sold for about 2x of my initial investment IIRC. if i had held for just a few more months, my SHIB bags would have been worth over $10 million. i've seen this story play out with a lot of memecoins across cycles, not just SHIB, so i'm kind of used to it
USELESS has been through insane volatility, with someone here on Reddit even asking why it was dumping after my AMA started... but that is the memecoin game. they pump aggressively and pull back aggressively, but if you have a strong thesis and the fundamentals are in favor of it playing out, you should simply ignore the short-term price movements until your thesis plays out
i've said my target for USELESS is multi-billions, so any form of short-term volatility until that plays out is noise as far as i'm concerned
3. my best advice is to not use leverage if you're new to memecoin trading
99% of people lose money trading memecoins on leverage
success stories like mine might look glamorous on the outside, but for every case like mine, there are thousands of people who have lost a lot of money trading leverage... only to watch as the project they were leverage trading skyrockets after they get liquidated
like i said earlier, i'm not new to this game so i have a lot of experience... and even at that, i still get rekt by leverage sometimes
4. the craziest lesson i've learned is to not let emotions cloud my decisions
i already explained my mistake with SHIB and how i lost out on potentially $10 million+ from a 4-figure trade. i've had many other instances like that, including this cycle... and i've regretted most. i've simply learned to form a thesis and stick to it unless it gets invalidated, and to ignore any noise, FUD, or short-term volatility until my thesis plays out
5. there is no 'leverage strategy'
i simply use relatively low leverage on memecoins or altcoins i think have bottomed
more often than not, i hit it big on a trade. for 99.9% of people, i strongly advise against leverage
@dodothedegen@Yennii56 Yeah I checked the tweets. Question was, like where to trade? I suppose on pump fun? Never really used the plattform, so would be good to know.
Never put all your eggs in one basket.
Always do the opposite of what the timeline screaming.
2 really important rules you should follow.
For the past 10 days the FUD around pump was at ATH and bonk coins were in peak euphoria. You seen everywhere bonk with 80% mindshare and that they are the clear winners yet all the coins are down 80-90% from their ATH.
There never will be a clear winner and always will be cyclical rotations. Pump coins are ripping and bonk coins getting absolutely hammered this week but most likely in a week or 2 bonk charts will offer better bottomed out setups and we will see runners there aswell.
You will see people switch up fully again and see peak euphoria into the other direction.
Never go all in on one thing we are here to make money not to become launchpad maxis. Most likely bonk is going to work on their revenge now and going to work on getting back some of the volume to their side so most likely it’s good to position in some bottomed charts there aswell.
I do think all launchpads are here to stay and all will have cyclical rotations and their own metas.
Position yourself before the hype and take profit when rotation happens.
Moral of the story everything what goes up most come down.
A competitor of BONK offered me $30K for a few tweets to FUD their eco/tokens
I was given content and script to follow to make it seem believable…
I would never FUD another project
But looks like a lot of people took the deal