captainsim777 retweetledi
Few thought on the PAAL drama from yesterday now that it's concluded (and recovering).
It's a good learning moment if your new here. You should read this if your in PAAL or not.
A) This is a typical fooking Tuesday in mid/low cap coins in bull.
Look at your bag. 1/10th of your coins will experience a hack, bad PR or total F-up.
The right response 90% of the time is zero emotion and hold. After PR/HACK crashes like this happen RARELY is the best move to sell. Your bags are already toast and CT emotions are wild.
Usually there is a recovery from hacks and PR.
Check out PYR/DERACE/etc coins charts last bull. I cannot count how many coins I've been in that got hacked/had trouble that V shaped within a month (usually in a week)
B) Look how many coins I am in in my 2024-2025 holds. Over 50.
You should expect 10-20% of your mid/low caps to die. DO NOT KEEP LIFE CHANGING MONEY IN THEM UNLESS YOU CAN AFFORD TO FUCK AROUND N FIND OUT.
Spread the risk or trust me, you will find out a few times.
C) This is a good lesson on why I literally have a 2 minute soap box monologue about how dangerous crypto mid/low caps are EVERY video these days.
Again I repeat...85-90% of people in crypto leave in loss. This is fact, not a DARE drug video warning.
This is just a APPETIZER of what is to come.
In crypto you don't just lose to crashes, the entire system tries to trap you and fuck you up even when you do the right thing.
Do not forget my wee padawan...Last bull run TOP coins nuked to zero. STABLE coins nuked to zero. Multiple crypto banks nuked to zero. Our fecking 3rd biggest exchange STOLE all our money.
On top of countless coins with 8-9 figure MCs getting hacked, rugged, nuked.
I don't say crypto is bloody arena in video for fun.
We are in a bull. You are playing with fire. You are going to get burned bad a few times this run.
Prepare yourself or calmy exit your mids right now and move up to top 25 coins.
D) On Paal, I spoke with the team and got their side after the PR disaster.
My rule #1 is I don't trust what anyone/specifically coin owners say in crypto. Even if I like them and the project it's just better to watch actions rather than words.
Thus I made no big statement till I saw actual action.
That said their reasoning checked out, hence why I told everyone the best thing to do is wait and see.
I think this was the dumbest PR thing ever. The ONE piece of context is that the proposal was struck when Paals price was MUCH lower, thus making it worth seeing.
Due to how these things work they had to share it with holders.
As I expected (and advised) Paal rejected the merger.
I am beyond unimpressed with how this was handled.
However I didn't and havn't sold a single PAAL coin and hold a very large bag. I BELIEVE the project will continue to do well.
(This isn't me telling you to buy or sell, this is just my take and why I am still holding).
I am optimistic, BUT they have a lot of work to do to rebuild full trust.
Luckily this doesn't seem like one of those times where we get completely wiped out.
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That said, mark my words. If you are in mid/low caps right now...even coins I am...We are 100% going to see MUCH worse than this before this ride is over.
Let's get back to it gents.
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