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ᛤRunes Academy
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ᛤRunes Academy
@RunesAcademy
ᛤ Exclusive community dedicated to excelling on Runes ᛤ A select network of informed insiders | ⏰ By @dadev42 and @0x_Unhealthy
Runes Katılım Nisan 2024
21 Takip Edilen591 Takipçiler

Some tips for minting Runes so that you don't get wrecked:
1. Bitcoin has slow block times so a lot can happen between blocks. If a Rune is close to minted out you need to make sure to pay significantly higher fees than everyone else to ensure your transaction gets squeezed in because if it doesn't you don't get the Runes and you still lose the fees. Remember you are competing with everyone else to do the same thing so network fees will spike in the last hour of a very popular mint. Think of the mempool as an auction and the highest bidders get their transactions to be accepted first.
2. If you don't think something will mint out for a while, be smart and try to mint it when fees are low because there is no rush. Fees tend to dip on the weekend and late at night in North America for example. You can just put mints in the mempool at a low fee that will sit there for a few days.
3. Play close attention to the mint mechanics before minting. For example the hardcoded rune that Casey is doing called UNCOMMON•GOODS is a four year open mint. You would have to be really dumb to mint that tomorrow on the highest day of fees in Bitcoin's history. Instead you want to wait until a bear market or when fees are very low and people aren't using Bitcoin very much. Otherwise you are just going to pay 10x what someone else pays for the same amount of tokens because they were smart and waited for a bear market between now and four years from now.
4. The person who etches the rune can do a premine to themself. Think of the premine as the amount that will be dumped on your head after a Rune mints out. Anything over 10% is greedy when all the person did was broadcast a Bitcoin transaction. 5% is much more reasonable. What is way cooler is just filtering for "no premine" when you look for tokens.
5. Think of minting Runes as buying them because that's exactly what you are doing except you are paying to secure the Bitcoin network on the creator. In your head you should be thinking in terms of market cap. If a Rune takes 100,000 mints to mint out and the fees to do a single mint are $100, then ask yourself would you buy this Rune on a DEX at a $10M market cap. This is very important to understand and can help you make informed decisions. For example of the first 100 Runes there will be many that are open mints. The logic is that you want to find the one with the least mints required to mint it out which means you are getting a <100 Rune at the lowest market cap possible.
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@the_smart_ape Great thread 🙌
For all three options, having alpha is crucial to navigating the market effectively
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#Runes will print millionnaire!
Few realize the monumental shift coming in just 2 days!
Here's a complete strategy to make 100x on Runes! 🧵🔽

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@allysonnewell they aren't fumbling either tho, makes sense that they aren't buying looking at the history of bitcoin. Why would you accumulate when you know you'll get a sweet discount in a few weeks ◾️
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Two days away from the halving, btc is $61k, eth is $3k, and the TDA is STILL undervalued. Catch @CryptoXpresso, @chiefnquach, and the whole crew Tues-Sat to stay ahead of the market. TDAOSP
𝗧.𝗗.𝗔.♻️@The_Daily_Alpha
♻️TDA OR STAY POOR♻️ twitter.com/i/spaces/1yoKM…
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@InventOnBTC What do you think people should do to be prepared during these two days?
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@0xMetapanda Might be that they're fake but one sure thing is that this space is providing value ◾️
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Fair launch for #runes has pretty much been confirmed by @rodarmor
Quote: "let's say something nice about #brc2O which is that they pioneered Open mints mechanic... and I want to like copy those good elements where I can"
Credits @hellmoneypod
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@DaitoYoshi You still didn't explain us why you think that the spot Ethereum ETF in the US won't be approved in May
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@GinoTheGhost @glennonchain The risk-reward ratio is worth the "what if" by far
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@glennonchain but what if it's always hard and confusing and boring
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@GinoTheGhost @royale_wit_whiz It does, mate
Want some explanations?
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