Portal is the cross-chain gaming coin from
@Portalcoin
, built to bring Web3 gaming to the mainstream. Create viral content and farm $portal at https://t.co/ETrtGxN2Ok.
Portal is the cross-chain gaming coin from
@Portalcoin
, built to bring Web3 gaming to the mainstream. Create viral content and farm $portal at https://t.co/ETrtGxN2Ok.
Portal is the cross-chain gaming coin from
@Portalcoin
portal is the future. do not miss this.
, built to bring Web3 gaming to the mainstream. Create viral content and farm $portal at https://t.co/ETrtGxN2Ok.
Portal is the cross-chain gaming coin from
@Portalcoin
portal is the future. do not miss this.
, built to bring Web3 gaming to the mainstream. Create viral content and farm $portal at https://t.co/ETrtGxN2Ok.
💛 160K FOLLOWERS IN JUST 5 DAYS
💛 50% AIRDROP FOR FREE SOCIAL ACTIVITIES
💛 $DROP'S ABOUT TO MAKE HISTORY
🟨 Time's almost up, grab ur share: https://t.co/EkmaAhW7o8
https://t.co/tCGDFjfJbm
Wowza! Over US$3,300,000,000 worth of BNB, TUSD, and FDUSD is staked in the @Binance Launchpool to farm $MEME (@Memecoin)! That's 3.7 million Apple iPhones 📱 or 67,400 Tesla Model 3 🚗!
$MEME is being listed on Binance in a few days but you still have 26 days to farm. LFG!
AHOY! $MEME (@MEMECOIN) IS GOING TO @BINANCE! 🙌
This is not a drill! This is not fake news! This is happening!
$MEME is the 39th (not 69th) project on Binance Launchpool! You only have 7 days! Come join the farming with your fellow Binancians!
👉 https://t.co/bmtrcAZswv
Hi, my name is @Zero8209, and I’m a $MEME (@Memecoin) farmer at @Memeland.
On my honor, I promise that I will do my best to do my duty to my own bag, and to farm #MEMEPOINTS at all times.
It ain’t much, but it’s honest work. 🧑🌾
👋 Excuse me Sir/Madam, do you have a moment to talk about @Memecoin? $MEME is literally a meme coin. No utility. No roadmap. No promises. No expectation of financial return. Just 100% memes. 😉
I’m almost 50 yrs old. Been through the dot. com bubble (held tons of tech stocks) been through the RE crash of ‘08 (with South FL RE), been through the Oil/Gas collapse of ‘15 (w tons of MLP stocks), been through the Covid collapse and subsequent rally. What have I learned?
1) Positioning is key. Not timing, but positioning.
2) Don’t ignore the cheerleaders, but also don’t ignore doomers. Neither truly know what the outcome will be, but both present vast amounts of data. It’s up to you to filter through that data to determine YOUR course of action.
3) Don’t hang on every word of Twitter gurus. Many will lead you astray. Be selective on who you listen to, but in the end…do what’s best for your finances and mental health. And trust me, finances can 100% affect your mental health.
4) Don’t listen to “dividend only” bros. They’re all young and have never seen divis yanked and divi stocks crash after a dividend freeze during a downturn. And there is always a downturn eventually. Divis are for 70 yr olds. Learn to sell covered calls if you want income.
5) Don’t day trade. Stocks, options, crypto. You won’t win. The ones who claim to win on here make 100X selling you a course vs their trading income. Very few are ever successful at day trading.
6) Be careful about holding high risk assets during global uncertainty. Things can get sideways fast.
7) Start a side hustle. I’ve seen people on here making fun of the words “side hustle”. Screw them. Start a side hustle. You won’t regret it 10 yrs from now.
8) Diversify. Don’t ever hold just one asset. Even if they asset is boring, if chaos ensues you’ll be glad that asset gives you some mental stability.
9) Build your familial relationships. At the end of the day, the main thing that matters are the relationships you build. Of those, the family ones runs deepest.
And most of all, always remember…Money doesn’t make you happy, but it sure makes your life quite a bit easier.
There is nothing wrong with pursuing it, but not at the expense of your sanity and relationships.
Morning from the Smoky Mountains!
Always remind yourself that in crypto everything is a hot potato
Sell when it’s hot, don’t get caught holding it
These telegram bots/low quality shit projects wont stick around, flip and never look back
Prediction:
Within 3 years the top 20 will have 4 AI projects, mainly infra for decentralised AI
Infra for AI is the new L1/L2, dont overthink it
It doesn’t even have to work, speculation will be enough to push it up there
Twitter was full of crypto alpha this week.
But you probably missed it amongst all the noise.
I compiled the top 6 alpha tweets I read this week, so you don't have to.👇
Friendtech (FT) isn't the next OF. It's another ponzi shitcoin and you're the exit liquidity into whoever is shilling their bag. People shilling it are grifting, and will walk away clean while you end up poorer and reading a dead chat.
The most important reason it fails in the long term is incentive alignment. On OF you need to maintain your subscriber base of recurring revenue. On FT (as it has been done dozens of times over the last 2 years in various crypto ponzis) the money is frontloaded, so once the bulk of the money has been paid, most creators have little incentive to stick around. This is similar to NFTs.
FT has two parts - a bonding curve ponzi and a group chat. Like every ponzi before it, a thin veneer of purported value (in this case the group chat) is used to pump a ponzi (the argument that appeals to left-curvers), and then right-curvers get in (because they are first to a ponzi), and now all bagholders have an interest in shilling their bag.
Ultimately you pay large transfer taxes (10% each way) for playing the ponzi. It makes sense to play the ponzi if you are one of the first. Any time after is probably -EV as the date of the turkey's death is unknown. The airdrop makes the platform heavily sybiled, so usage stats are now fugazi.
Unlike NFTs, bonding curves have immediate sell value, so once it looks like a creator on FT has topped, the game theory is for everyone to immediately cash out and not be last. Creators have reason to create elsewhere where they will be paid, and the payment on FT is mostly frontloaded, so content will mostly dry up. Yes this may mean a rotation of grifter celebrities will show up, but this isn't bullish for anyone but their own bag.
---
Q&A round:
"Doesn't the group chat of a celebrity have value?" Yes it does, provided they use it. The celebrity is also not incentivized to use it over time, so at some point they mostly drop off. Look how active Irene is in her SOCOL paid group (hint: she's not). Most creators will end up in that situation.
"imagine buying Hsaka shares 4 years ago?"
This is a fantasy based on being able to receive their ad revenue or other dividend. If that were the case then it's a different ball game. Here you are not buying a "share" of anything, you are playing a pure ponzi, similar to $BALD. Unlike selling shares of yield-bearing products, or subscribing to someone on OF, here no one has incentive to be the last buyer.
"Celebrities can use this as a way to give out lifetime access, etc."
Yes, or they can just sell this access directly and receive 100% of the revenue. The benefit of the latter is stability. Friendtech shares are hot now, but once they go cold like NFTs, people have a different outlook about the revenue they could receive and therefore the value of the shares.
"GCR predicted social tokens so therefore this is the truth"
GCR made a prediction during a time of peak over-financialization. But we are now in a bear market which is the opposite. In this setting it is difficult to see how social tokens can do well as it requires demand from people that specifically want to bet on (a person), and then mechanics that make this stable. Relatively speaking, the total market cap for this is very small compared to say, all NFTs, and the timeline is going crazy over 100 shares. Additionally this is confirmation-seeking bias as for example, this prediction was not used to predict the success of say, SOCOL (because well, it never got big.) It is only being used to predict something that is already successful (has traction), and so this is vapid evidence.
"I'll give my airdrop to you if you stan me"
They can just buy the shares with alts. A self-described 'profit maxi' chose not to. Why? Buddy, you are the exit liquidity.
---
At the end of the day, FT shares can go higher, even a heck of a lot higher. Maybe the token goes apeshit once Logan Paul or Gary V joins. Again like NFTs there is almost no limit to people's idiocy and degeneracy. During that peak, there was a lot of delusional views about how this is a massively disruptive, world changing technology. In reality it is just yet another ponzi in the larger caravan of ponzis we've had over the last few years beginning with the ICO era and continuing into defi, nfts, play-to-earn and so on.
So this could ride, hell this could ride a lot. But just remember you are playing a ponzi with a clock. It's actually kind of sad to see crypto devolve to this, now people are playing musical chairs with 200 people for 2 eth, and shooting their last $10k into knifefight PVP on-chain ponzis, because well... that's all they have.
Anyways, when the tide comes up, like it's done many times before, insiders leave with a bag and laugh at you. Don't make the same mistake thinking you can beat a 20% transfer tax ponzi (10% each way). If you can, great - you don't need my advice. On average, you can't. If you are reading this, you're not an insider, you haven't joined, and your reason for entering is to make money, be careful.