#TokenTalkTuesdays
introducing this week's THREAD-OF-THREADS on $EGLD ๐ข
a sleeping giant? ๐ฅ to help determine if this old flame can still compete, we've curated a list of the top 5 ALPHA THREADS that we think everyone should read on @MultiversX
Uncertainty has just spiked to levels seen only once since 1995
Right now, 3 KEY factors will decide if the market crashes or hits new ATHs
A thread ๐งต
Exactly 129 days, a Bitcoin prophecy was born.
On November 5, 2024, Josh Mandell, a legendary Wall Street trader, called his shot when Bitcoin was trading at $74K.
Here is a breakdown of the prophecy and what it means for Bitcoin's price action this cycle.
A ๐งต:
Big debate on diversification.
I can see both sides of the argument.
Hereโs my dumb left-curved viewpoint if you care to pay attention: ๐
๐: ๐๐ฎ๐ซ๐ข๐ง๐ ๐ ๐๐๐๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ
Diversification is dumb AF.
We all complain about inflation in fiat but alts have a far greater inflation than 99% of fiat currencies.
Therefore itโs not unusual to see these go down 90%+ in a bear market as thereโs no buying pressure to make up for the inflation + sell pressure.
This changes in a bull market.
๐: ๐๐ฎ๐ซ๐ข๐ง๐ ๐ ๐๐ฎ๐ฅ๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ
Diversification is smart AF.
Different strong narratives will see spells of upside, certain coins inside that will outperform others.
I argue that itโs good to stick to 2-5 narratives (could even do 1 but Iโm too dumb to time that) that will do well.
For example:
- AI
- GameFi
- RWAs
- Perp DEXs
- L1โs + eco (shorter term flips in eco)
- L2โs + eco (shorter term flips in eco)
Some of these will crossover so you can be covered in a few narratives.
Diversify in the strong ones that cover your ass.
The risk of a project you have having an exploit, or fud is too great in crypto to maintain conviction in only 1 coin in each narrative.
Therefore itโs sensible to spread your load in a few coins from different narratives that:
A: Outperform the market
B: Dip less than their competition
Itโll give you peace of mind that youโre not โmissing outโ as the worst thing you can do is chase rotation, after rotation, continuously buying tops and continuously selling bottoms.
๐๐ง๐ฒ๐ฐ๐๐ฒ, if that helped you in any way then please drop your pirate friend a like.
Iโm going to keep dropping spells of info from my experience to help you in your journey.
Currently working on a thread covering L1โs to help you in that environment too!
Turn notifications on so you donโt miss it!
It blows my mind that in just 1 year, Ethereum has:
โข Generated $2.1b in fees
โข Processed $380m transactions
โข Total Value Secured over $420b
Fade at your own peril.
The 2024 #Bitcoin halving is coming, estimated to be in April next year.
Past cycles have also seen an impressive 1yr return profile of 400%+ following the event.
In this edition, we study the supply dynamics and investor behaviour that underpins this.
https://t.co/Obo9lIwoQl
GM GM GM!
it is #TechnicalAnalysisThursdays ๐๐๐
@tradingview locked and loaded - things are looking green ๐ข๐
drop your altcoin requests down below ๐