everyone has the same plan:
- make life changing muni in crypto
- sell 80-90% at top, let the rest ride in bitcoin, eth or sol
- buy house
- diversify into less risky asset class like stocks
- travel
weekend homework for you lads
• go through top 200 alts by volume on binance
• mark out the July 5th & August 5th lows
• look at which are making higher lows on their altbtc & alteth pairs
• take the top ~20 by roi off the bottom
• research FA on all & pick top 5
“Beanie, why are you manifesting an NFT bull market?”
The simple answer is the one I’ve been repeating for months now.
That is, NFTs are not only more fun than Pump Rug meme coins, but also more fair.
Truly anybody can win and the deck isn’t stacked against you from the start.
Elon Musks attorneys reached out to help me.
Why?
Many of you know Airbnb removed me from their community and cancelled over 100k in bookings for comments I made on this app while never connecting my Airbnb listings to my profile.
Also cancelled a wedding a day before and not helping the bride.
Elon is the real deal and this is the ultimate free speech platform.
Don’t ask for more details, I won’t share.
Dude is a legend.
Salute 🫡
It’s not enough to just release random products. Founders need to explicitly explain how this drives value to the NFT. Otherwise we can only assume that it won’t.
Some tools and resources that I've compiled over the years, gathered in a few tweets for your convenience
- List of 250+ useful tools
- @ArkhamIntel dashboards
- Extremely comprehensive due diligence questionnaire to help you on your journey
- Shualpha
Enjoy ❤️
𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐮𝐩𝐝𝐚𝐭𝐞
sold the other half of my SOL
swapped 1095 $SOL for 160921 $USDC
i am fed up with this. will not engage again. will trade out of USDC from now on. if i leave upside on the table in a bull cycle so be it. i want to optimize for less mental strain. having your portfolio denominated in a major adds a whole universe of complexity and mental strain to your trading. then you suddenly need to watch CPI prints and NFP data, be uptodate on the war in the middle east, follow the election odds and monitor chinese liquidity injections. i don't want to do it anymore. also it is taxing psychologically to see your whole networth fluctuate like this all the time.
+ trading SOL has cost me more money than any shitcoin rug ever could. i bought the top and sold the bottom multiple times. i just have zero read on that market. ofc it hurts to sell now and realizing all this losses. i am down bad. started this cycle last year with 500k. off ramped 200k or smth over the last year, so i am basically breakeven. despite being early to the SOL thesis, early to the meme coin supercyle, was in all the good assets early. Bonk at 100m mc, then wif at 20 cents, pups, traded bitcoin puppets successfully, and made profits on a whole array of other meme coins. most of these profits destroyed by attempting to swing-trade SOL (or couldn't hold when it went down and whole nw in it) and one big fucked up trade ($mother).
but yeah, that's the reality of trading. your networth will always regress to the level of your edge/skills/process. always. so i bite the bullet now and i am cutting all the weak parts (trading majors) of my game out and fully focus on the good parts (momentum / narrative trading).
feels very bad to see this big loss realized but i will be over it in a couple of days. I cannot allow the past to influence my future decision making. the best shooters have the worst memory. stay tuned for the comeback arc or total destruction. there will be no in-between.
𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨
320k USDC
40 million UWU
some emojis 😭
Yes, US Marshal Service (USMS) is almost certainly selling silk road bitcoin. Joey is right (at least in the present). USMS has been sending BTC to a custodial address required by the terms of the servicing agreement that USMS entered into with Coinbase in June. Given the agreement requires USMS assets remain completely segregated, whenever a transfer is ultimately made to CB prime (or other commingled exchange address), you can be sure USMS has already sold or is selling imminently.
Official confirmation will definitively come (at the latest) upon the DOJ's Asset Forfeiture Program FY2024 report in January, if not earlier. I also don't think it's a coincidence this began in earnest following the Trump speech. Sadly also foreseeable based on the DOJ OIG audit report, USMS "cryptocurrency services agreement" RFP and certain court orders. Biden-Harris might choose to pause in this interim period, but I suspect they will not.
Ironic this admin made a CB Prime transfer on the same day Crypto4Harris had its townhall.
https://t.co/1H9nLESLbZ
Our team reviewed Kamala Harris’s tax policies.
She will raise taxes on:
• Stock traders
• Business owners
• Wealthy individuals
• Real estate investors
• People earning >$100,000 per year
Here’s everything you need to know:
I burned multiple six figures last month in "R&D" to test several strategies with sol memecoin new launches. The results were abysmal in terms of % return, but worth many times what I spent in terms of practical tuition.
This is not how I normally trade, and it goes completely against my DNA... but I wanted to see how much volatility can be harvested from these markets as the hot ball of $$$ gets passed around.
My conclusions:
-The trenches are completely cooked, but Solana's meme ecosystem will remain vibrant. Simply focus on organic longer term winners to increase your odds of success by a great deal.
-Ignore the shills of strangers (large accts you don't know on a personal level), but focus on anything that is talked about by 3+ trusted accounts, which hasn't taken off. Examples of people who have been early callers include @idrawline@vydamo_@yungdoteth. They aren't large enough where they can manufacture interest off of their tweets and create self fulfilling short term prophecies (which almost always die out). They actually have an ear to the ground and have a reputation of finding winners. These accts are known quantities, so review your followers critically to find 3 new ones, ideally with fewer than 5k followers each.
-Anyone who is not afraid to launch a memecoin and take on any future risk of regulatory violation, or civil penalty is most likely not afraid to bot their launches, spoof volume, corner supply in several secret wallets, and DUMP on you. Most people with an ounce of introspection will question whether they want to launch something that could lead to marriages breaking up, suicides, etc if it ultimately fails or results in total loss. This observation not only pertains to celebrities and their corrupt handlers... It points to them. The gatekept world of celebrities and the leeching handlers who surround them demands a level of moral compromise as the price of entry. There are very few exceptions to this.
-With the above in mind, martingale ("keep doubling down") strategies don't work... Even with nearly infinite capital. Unattached supply whales, and trigger happy momentum chasers will literally dump to zero without a second thought once volume starts to lose steam. I've martingaled into as high was 30% of a microcap's supply... Simply to experiment with how much dead weight needed to be bought out before a price reversion.... To my surprise... No matter how much supply I absorbed, every dead cat bounce I created with my buying was promptly and disrespectfully dumped. This is not an anomaly.
-CTOs above $100k are exceedingly difficult and unlikely to succeed. The CTO strategy is saturated, and dead for the most part. "Just CTO'd ____" is as trite as "Is ape follow ape still a thing?" The difficulty of absorbing supply from a liquidity pool is non-linear so your efforts to get rid of the most stubborn but resolute limit sellers gets harder as price climbs. It's like rolling a boulder up a hill, but the incline gets steeper the farther up you travel. So CTOs are possible, and make for amazing stories... But the heuristic should be that they are entertaining works of fantasy. The CTO dream is the male equivalent of when a woman thinks she can change the bad boy to commit to her, when she's simply getting pumped & dumped. It's a delightful delusion that ultimately ends in tears.
-The trending lists on Birdeye and Dexscreener are easily manipulated. 90% of trending coins are losers in 72 hrs, and you can assume that 25% are blatant scams (soft honeypots, artificial volatility suppression, outright p&d). Treat 48 hrs as the tipping point for when a new meme begins to show staying power.
-If you don't have your own bot executing trades fee-free, then slippage and bot fees (bonkbot, et al) are too high to harvest volatility as a novice strategy. Yes there are people with highly successful trading bots on sol, but they are mostly applied to more liquid memecoins with moderate volatility and trading history. Volatility harvesting opportunities on new launches under $500k mcap with more than a $10k capital base get eaten by slippage, bot fees, and discounting of an occasional total loss rug pull scenario where even hot $$$ can get caught in rapid, violent rugs.
-The typical pattern for new launches is a parabolic insider runup... Lasting 5 minutes to 6 hrs... Followed by a break in structure, sell off of 40-90% followed by a double top or attempt to reach prior high that fails again into a perpetual bleed.
-In a dog eat dog environment, treat bonding curves on moonshot or pump as a line full of unethical people. The only position in which you are at zero price risk on a bonding curve is if you are literally the first person to seed capital. Being first gives you the privilege and option to dump your coins on anyone in second, third, fourth position, etc. for a higher valustion, since their position on the curve mandates that they buy the same coins that you did, for a higher price. So lots of bottomfeeder types literally look at your addition of funds to a bonding curve as their cue to "cut you in line", dump their coins, and leave you stuck in line, now that they've been serviced. This race to the bottom is why nearly all new launches never make it to radium pair seeding. The black pill is that this is how all markets work and it's why we get emergent shilling culture in venues like twitter, reddit or even CNBC at the social level... And why many seasoned traders tend to think in terms of liquidity, more than price.
-Despite all of this filth, I think new market participants should try paper trading (write down your hypothetical trades, but don't put in actual $$) in small markets where models, narratives, and other higher level retrofits are non-existent. The trenches, like a flee market, can teach extremely valuable lessons about market mechanics and how patterns of human behavior/incentive response resolve.
I will stick to my roots of longer term trades, or outright buy & hold with the rare exception of making large and early bets on ideas where I see exceptional potential. This was an amusing side experiment to help me cope with a very difficult time in my personal life. I hope these observations are useful and inspire caution among others who are in the process of convincing themselves that they are more than cannon fodder in the war for speculative liquidity.
By the way, I have no ill feelings towards speculation. It's not my job to judge why or how individuals engage in markets. People speculate in all markets (the marriage market, the job market, the housing market etc.), and I've seen many people speculate for very noble reasons. We live in a society where many people have correctly calculated that they cannot attain non-negotiable outcomes by following a saturated conventional path, even though they are told to "just work harder", and "get a master's degree". That is why many people have turned to frontier markets like crypto. They identified it as a potential path to realize a supernormal outcome that cannot be achieved though traditional enterprise. And kudos to those who responsibly arrive at that conclusion!
Age of taking office:
42 - Theodore Roosevelt
43 - John F. Kennedy
46 - Ulysses S. Grant
46 - Bill Clinton
47 - Grover Cleveland
47 - Barack Obama
48 - Franklin Pierce
49 - James K. Polk
49 - James A. Garfield
50 - Millard Fillmore
51 - John Tyler
51 - Chester A. Arthur
51 - Grover Cleveland
51 - William Howard Taft
51 - Calvin Coolidge
51 - Franklin D. Roosevelt
52 - Abraham Lincoln
52 - Jimmy Carter
54 - Martin Van Buren
54 - Rutherford B. Hayes
54 - William McKinley
54 - Herbert Hoover
54 - George W. Bush
55 - Warren G. Harding
55 - Lyndon B. Johnson
56 - Andrew Johnson
56 - Benjamin Harrison
56 - Woodrow Wilson
56 - Richard Nixon
57 - George Washington
57 - Thomas Jefferson
57 - James Madison
57 - John Quincy Adams
58 - James Monroe
60 - Harry S. Truman
61 - John Adams
61 - Andrew Jackson
61 - Gerald Ford
62 - Dwight D. Eisenhower
64 - Zachary Taylor
64 - George H. W. Bush
65 - James Buchanan
68 - William Henry Harrison
69 - Ronald Reagan
70 - Donald Trump
78 - Joe Biden
Big voices have big responsibility in a narrative driven space. 2021 wagmi influencers were afraid to be remotely critical about anything because it was bad for deal flow. 2024 influencers sacrifice integrity for engagement / potential tl interaction with obvious scamming celebs.