Jomo - Crypto Distilled

Top 10 at the @USICOfficial (U.S. Investing Championship). Thanks to @NormZada for running a competition that includes some real greats—especially @markminervini , my biggest influence as a trader. A few years back I sent you a photo of my 2025 USIC win. Did my best to live up to it.

@duud40 haha, good!

@NoEdgeNoTrade You’re right in this sense. The situation is pretty clear 🥲

This is painful to see. But the lesson isn't about $EGLD or its founder. It's this: he liquidated stocks, sold BTC, and put his life savings into one coin. No one forced that. No stop loss. No risk management. No exit plan. Blaming the founder won't recover $274k. Accountability will.

I trade what I call neglect phase breakouts - coins that have been forgotten, accumulated quietly, and then break out of a long bottoming range. I have plenty of examples from 2020 and 2023, and these tend to be some of the biggest winners. But here's the key - I don't try to pick which coins these will be before the breakout. That's a waste of time and capital. I get in on the breakout itself.

@noedgenotrade Respect for the #8 finish out of 576 in the 2025 US Investing Championship, that's real skill in momentum trading, not luck. Congrats on building an edge that works for you. You're right that price action and momentum give real-time signals, and opportunity cost matters when capital is tied up. Parking everything in one asset forever with zero risk management is dangerous (as the original post showed painfully). For me though, this isn't pure "HODL on stories" or blind faith. I've taken the pain on $EGLD, but my conviction comes from believing the underlying tech, roadmap, and team still have real potential, especially in a space where many narratives die but a few deliver asymmetric upside. On charts: yeah, they're manipulated as hell in crypto, with whales, algos, and sentiment pushing fakeouts. That's exactly why some of the biggest turnarounds happen when sentiment is at "it's dead" levels and most have capitulated. Momentum strategies shine in trending markets, but mean-reversion or deep-value plays (with strong fundamentals) can reward patience when the crowd gives up. Different edges for different traders. You're optimizing for repeatable probability via price action. I'm willing to sit through the manipulation and drawdowns because I see the probability shifting if/when catalysts hit. No crystal ball for either of us, just frameworks that fit our risk tolerance and time horizon. Appreciate the debate. What's your take on when a beaten-down asset with solid tech flips from "distribution" to accumulation in your framework?

@cryptoromania41 I understand what you mean. I suspect that people will forget once again :}

@NoEdgeNoTrade Its 2026, everyone knows now that most crypto projects are scams but keep on mind this happened back in 2021.

Yes, sound like they did scam. And you are actually tightening my point. 1. Never fall in-love with a project or a coin, just trade it. Even if its somewhat of longer term trade (a year or maybe a bit more), you need to have exit plans for in profit and when wrong in a loss 2. Never ever belive stacking bs, this was proven in 2022. 3. You can learn what to do and what no to do either by experience or by learning from others. Cheers champ!

Yeah dude I get it, obviously he was far from wise for going all in like that on a coin or on anything for that matter, as it is never wise to do so in life. But that will never change the fact that the project was a complex scam from the beginning. Are you aware they blocked withdrawals in December 2021 after everyone put their tokens in liquidity pools with great APIs? They blocked everyone for complaining on their “communities” while saying it’s just for maintenance. The token lost over 60% in value by the time they finished their “maintenance”. So convenient huh 😉

@cryptoromania41 I though your profile bio say you are a realist. As a realist, what leaning would you extract out of what happened to this man? It seems you said the project is a scam. Ok. Does that teach you anything?

@NoEdgeNoTrade Doesn’t change the fact that it was a scam. But thanks for the useless take anyway.

You're right, no one has a crystal ball. But some of us have the know-how to increase the probability of success. You might have noticed my pinned post - I placed #8 out of 576 in the US Investing Championship for 2025. That wasn't luck. One type of edge is identifying momentum, which is my specialty. Another is identifying coins with a lack of momentum - or better said, clear distribution patterns that have a very low probability of working. Remember, you have a limited amount of time and capital. Parking it on one coin forever means massive opportunity cost, which is unacceptable to me. Doing things right means having better know-how and executing it repeatedly. And on the hindsight point - you're right, it's easy to look back and say "I would have sold." But hindsight isn't the only option. Price action gives you real-time information to manage positions, reduce exposure, and avoid large drawdowns. You don't need a crystal ball - you need a framework for reading what the market is actually telling you.

@NoEdgeNoTrade @Ryoshi_versX None of us had a crystal ball on how deep this downturn would go. Even if you'd perfectly timed the top and were sitting in cash now, waiting for real momentum, it still takes serious discipline to stay sidelined instead of jumping back in. Hindsight makes it look easy.

@Mark_x67 Good luck champ! I wish you all the best

@NoEdgeNoTrade You're right, going all-in has hurt me badly, and I won't pretend it hasn't. I went beyond what was smart in terms of sizing and diversification, and that's on me. That said, I'm remaining convinced on the long-term thesis for $EGLD (the tech, the team, and the potential). I've accepted the drawdown and I'm prepared to hold through it, even if it means sticking longer or averaging if the market allows. Not financial advice, just my personal stance. Respect the emphasis on predefined exits and risk management though, it's a lesson a lot of us are learning the hard way. Different approaches for different risk appetites. Good luck out there.

@abdullah_leoF Each investor and tarder have only themselves to blame. CEO's, projects, manipulation, all that is just a word for incompetence.

@NoEdgeNoTrade Founders are the main problems they stays for like years without doing a damn thing , plus u cant blame market in everything ,

@duud40 Not sure what are you arguing here?

@NoEdgeNoTrade first drop was - 99%, it then did another -93% and then another -65% until present date. Chart is max extraction and has been basically down only. Only one week of upside since launch if you don't count retracements. This is MEX. You need more arguments ?

If you're comparing to past cycles, this cycle was shit for sure. But mostly if you just recycled strategies that worked before. Markets evolve. For me, this cycle — especially 2023 and 2025 — were great. This part you said is what I try to tell to everyone: Agree holding forever = failure 🤝

@NoEdgeNoTrade Not many, just some bro. Less than 10 Yes, KAS moved a little. A normal 10x. This is nothing crazy in crypto. But it's something at least, I agree. Lucky KAS holders But these random moves have nothing to do with a real bull run like in 2021. Agree holding forever = failure 🤝

@blockchain_seb thanks for clarifying!

@NoEdgeNoTrade Two separate topics. One…holders have themselves to blame. Two…mincus are a disaster who’ve destroyed their own chain through failures, blocking and dilution. They killed trust. Sentiment followed. Price action inevitable. Egld

@xNoRealName Got it.

@NoEdgeNoTrade I was referring to that the team does not take accountibility for token performance. It always was the market's fault.

@RaresPopaSB I get what you're saying, and I frame it the same way. All cryptos are just craptos in the making. It's our job as investors to have a clear entry and exit strategy.

@NoEdgeNoTrade You blame the founder because they gave you false hope. All the time. Fals hope, promising and never delivering. They called it an investment instead of ponzi scheme

@advisors_asset This is exactly why I never listen to the stories projects tell. They don't matter. What matters is the market's perspective on the project. That's where price action comes in.

@NoEdgeNoTrade The branding from Elrond to MultiversX...multiverSEX it sounds....its literally marketing of a porn site. That was the tip off....they all thought they were better than tradfi...LOL

@Ryoshi_versX @Mark_x67 Not at all.

@Mark_x67 @NoEdgeNoTrade You are right to hold.

I respect the honesty, but I want to challenge this a bit. Conviction isn't just staying when it's hard. That's stubbornness. Real conviction has a framework — it knows what would need to change for the thesis to be wrong. If you can't define what would make you walk away, you're not convicted — you're trapped. And FOMO keeping you in a position is not conviction, it's the exact emotion that gets people hurt. The market doesn't care how much you've lost or how much conviction you have. It only cares about price and structure. I hope it works out for you, genuinely. But I'd rather miss a move than hold one without a plan.

I get where you're coming from with the original post, but for me it's different. I've lost over 200k on #MultiversX too, and the only real fear I still have is FOMO — not the drawdown itself. The thought of walking away now, lacking the conviction in what I believe about the project and team, is what I couldn't forgive myself for. Even after the pain, I'd rather hold through this than risk missing what could still come if I'm right. Conviction means staying when it's hardest. Anyone else in the same boat with #MultiversX?

@mr444d @Vaulta_ @EOSIO sorry to hear that buddy.

@NoEdgeNoTrade Lost 600k on @Vaulta_ @EOSIO Wdym

@blockchain_seb the lesson is not for the founder here, sure he can learn to be better. but for us, as investors, the lesson is clear as day, take accountability for what you do, learn from it, and improve.

@NoEdgeNoTrade Two different things going on here. 1) the guy has himself to blame 2) the founders have created this, no one else can be accountable for the performance of the chain adoption and token price

@duud40 a victim of what exactly?

@NoEdgeNoTrade Yes the victims are always to blame

@FallenOne381 maybe :} still the lessons are valid.

@NoEdgeNoTrade I call BS on him selling (FULL FORCE FUD CREATION)