1/ Everything is NOT going according to plan in Milei’s Argentina. The trade deficit is reopening, the peso is once more starting to collapse and is being propped up with an IMF loan. This was obviously going to happen to anyone familiar with the Argentinean economy. 🇦🇷🧵
@bluelabel Gran época de Peter Norton. Recuerdo haber aprendido a programar en ASM y C usando las NG, las Norton Guides, una ayuda contextual que era un programa residente. Hasta la terminología ni tiene sentido hoy.
I'm going to explain something many of you need to hear.
Something many don't know with a core understanding of trading.
When larger accounts promote micro caps (<1m) they might seem like trading legends.
But in reality they are the scum of the earth and can't lose.
You however are the ones giving it to them without even realizing it.
"Maybe I was to late? Maybe I didn't do it correctly?"
Trust me, EVERYONE was to late.
When a large account makes a call at $100k market cap and shows of the easy x3-5 he made, ONLY he made it.
In trading and investing no single amount of dollar is created.
The money has to come from somewhere and is only moved from person A to person B.
This is essentially how the entire market works but with a micro cap the playing field is 90% in favor of the "influencer" and 10% in the hands of the followers.
There is no "we will both make it". There's only "I will make it".
Many will call the large account a legend for calling a x5 in a day.
The screenshot of the $100k post and a follow-up post of $500k looks legit right?
That screenshot ONLY represents the situation for him however.
"Nice call! You are a legend! When is the next gem!?"
These are statements by people who didn't join the call but are lured in by the promises of the easy x3-5 screenshots that were made.
They don't know any better yet.
When others follow the "influencers" call at $100k mcap they are pumping the price.
They actually don't have the $100k market cap entry at all.
Why do you think it's trading at $500k market cap after only a few hours?
The influencer will get a whole lot of credit and praise from those unknowing.
But make no mistake, every single dollar came from his own followers.
You'll often also hear the following excuse:
"How can someone hate me when I made them money!?"
Very convincing for people on the sidelines that have just been following or discovered the account.
But the ones that actually joined the call? They have been dumped upon because again:
The money he made in a few hours? IT HAS TO COME FROM SOMEWHERE.
That's the grim reality of most of these "micro meme cap influencers" and not a lot of people know.
The influencer is playing a game he can't lose and doesn't care a single f*ck about any of you.
They will be growing their accounts and earning massive dollar along the way.
They will probably even hate me for saying this but that's only because scum doesn't want to be called scum.
This industry has surprised me a lot of times and even accounts I considered "legit" back when they were smaller accounts have completely shifted their ways.
"I'll never be like moon carl or Bitboy or ..."
No sir, you've become worse.
You've become the plague of the industry and making life worse for everyone. Everyone except you.
Be careful which accounts you give your attention to.
Many of you will need it. Now more than ever with the next bull on the horizon.
Nova out ❤️
Javier Milei continues his fascist rampage in Argentina.
He has authorised the Privatising of all remaining State owned industries (thats his donors cashing in).
He has also authorised the sale of all Social Housing and removed all rent controls
It is going exactly as expected
@Axel_bitblaze69@MantaNetwork I have a few codes left, DM me if you're planning to stake some ETH, already wasted two codes on people that didn't deposit :(
The international press should know, the photo on the left is Milei being sworn in as president of Argentina. The photo on the right is the official, photoshopped image being released of the closed-doors ceremony where he swore in his cabinet. This guy is 100% bonkers.