going to nuke my account and stop following so many idiots, but last thing i'll post is
1) think for yourself, plan your trades and trade your plan
2) 99% of people on here are just as retarded as you. if they can make money so can you
3) SPX has only pulled back 2% so far
the combined flows were enough to push us to an ATH that was unlikely to happen, and there's NO GUARANTEE at all that we go back there anytime soon. it's good to keep that in mind right now. yes there's a great chance we see some mean reversion, but imo unlikely to be at ATH
my current theory is that the 124/4.7s push we had last week was a bit of a fluke, in the same vein of james wynn blasting a $1B long and pushing us to ATH in May. We had nakamoto stupidly top blasting $1B in spot, and tommy boy aping billions into eth.
idk if anyone watches this elizabeteatsnyc lady on tiktok but she's great. only thing that concerns me is that it's the obvious beginning of the always on, always at risk of being recorded by a stranger nature of our future due to glasses cams. sad and scary
this kanye coin was a pretty good indication of where we stand in the market
here's what I personally took from the $YZY coin launch today
1) there is essentially no retail here trading, the only buyers for this token were crypto native
everyone who is here wants to make money, but there is no retail so we're just handing money back and forth to each other
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2) the people who are here are all flippers, and after the first pump there are zero buyers
this happens with most tokens these days, and it has been like this for months
coins get one pump, maybe two pumps, and then slow bleed forever. then on to the next coin
I used to make tons of money creating floors on tokens with good volume and timing bottoms, but now there are no bottoms on coins and they can (and will) bleed to zero without relief
very few believers these days, especially on coins like this
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3) many coins these days are insider cabal plays designed to extract, the kanye token was almost entirely bundled and I heard from at least 10 different people it was happening today
tons of people knew this coin was coming, and they did it in a way to where people were "ready" but no one knew what to expect
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4) people knew that kanye sold his account months ago, and they still aped the coin anyway
there was volume and liquidity, so people aped anyway
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5) the space is maturing
we already know celeb coins are bullshit, and there were tons of people who completely passed on this coin because the risk to return wasn't there
people remember Libra, and learned from their mistakes so they sat it out
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on top of all of this, kanye isn't as popular as he once was but crypto twitter has this weird obsession with him for some reason
people on here were treating this as if it was a huge deal, but there are tons of influential people who are more popular socially than him now
don't know why so many people cared about this coin launching to begin with, but I'm glad it's over so we can move on
you can tell kanye's team is fucking stupid cause who the fuck would launch a token today after we just nuked and all the huzz on the TL are saying the cycle is over?
Absolute LP cooker tonight.
Kanye coin returning 50% ROI on this position in 4 minutes.
DeFi is awesome. Meteora. Project X on HL. Hydration on Polkadot. Blackhole on Avalanche. Aerodrome on Base.
Learn this shit and make money.
@penguin_curator second this dude released a literal swastika shirt i just cba dealing with anything kanye. CT calls each other retards a lot but now a true retard walks among us