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HOW TO BUILD CONVICTION IN THE
MEMECOIN SPACE.
Conviction is a solid belief in something,simply put. It's about being confident and certain in a idea ,decision or your stance.
Memecoins is a volatile space driven by hype and no real use cases. They start out as jokes,memes,or internet culture references. Now this is where you build your conviction from. Conviction in memecoins is a strong belief in the meme,it community and the culture(hype) being powerful enough to pump the value.
Conviction doesn't just appears,it is built by experience because patterns repeat themselves. Conviction is formed by knowledge ,reinforced through consistency ,powered by belief and most importantly tested by experience. In my last topic where i talked about narratives,i said narratives is fueled by people's interest.
A token ability to go up in value shows how much of an interest people have in them and same patterns repeat. To build conviction you must first experience this pattern to be certain that people "would love to buy this". Journal down every why and how a token pumped or dumped,because again ,patterns repeat themselves.
I will use my last two calls for instance,$IRYNA and $DOGENARII which i gave thesis. Iryna wasn't just a tragic experience,no one deserved to die that way but it was also powered by hype because everyone kept talking about it yet it didn't go so much in value....
And then, we had Elon talk about it consistently (we call that soft shill) and all of a sudden it went up so high in value. Now this can be likened to a past pattern $Peanut ,same narrative which was sparked so much interest and increased in value as Elon consistently talked about it urging other reputable accounts to follow suit.
Moving on to $dogenarii ,i gave my thesis and it was simple. it has a correlation with $Remus and knowing fully well remus did numbers it was expected that it should follow suit. The point is Conviction is built from experience,you have to f*ck with the game long enough to develop it,patterns are repetitive. I hope i made this explicit enough. If you read to this point ,
GM💚
OnchainGem💚@GemisAlpha
@Adexcrypt I’ll talk about building conviction soon
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