Midas

hope is the only strategy

@elonmusk good way to filter out bots underneath this post

Some might call this a cunning move 😉

@KillaXBT not the first time they tried the quantum larp. they break bitcoin, they break everything.

Looks like the FUD this cycle is quantum computing fears. I must admit... they are getting more creative each cycle. Once again, it’s always convenient how this “news” shows up right when $BTC is -50%. They might fool 90%, but they do not fool me. Hindsight, its obvious.

@earlTrades onboard onto what lmao there’s no leadership and a million goblins feasting on scorched earth

unironically starting even worse than I thought, just watched every coin candle from 150k to 4k in 3 seconds. genuinely impossible to onboard, idk how to fix this.

@_Shadow36 dead internet theory. npcs dont understand sarcasm.

These niggas really think i would shill lol or pixel 😭 I gotta start havin more fun on here u niggas believe everything😂

thats not 'the masses'. the masses evaporated - they're gone. cashed out. broke. touched ass and grass. took advantage of a good situation and knew when to quit or just had to quit. we ballooned to 100mil onchain wallets peak trump and we're down to the 1mil goblins that were always there to begin with, but used to blend in with their shitty attitudes and shitty holder behavior because of their minority status. the inmates are running the asylum

The masses don’t see value in that They would rather bid 100 coins a day than hold one and win This is a fucking virus we have People dont wanna work for shit and dont wanna hold anymore because ceilings aren’t high enough and they see all the people that do those things only get shit on so why try

@Ga__ke @smokey0x it’s not

maybe dis time its different (on bsc)

@CryptoDevinL whatever makes sense to you lmao

Meme cycle = 神經適應 cycle 大腦會自動降低對重複刺激的反應。 以前： 一張青蛙幾十億 現在： 要政治 + 文化 + KOL + 可延展性 才有機會破圈 市場還是那個市場， 變的是人。 是玩家的 dopamine tolerance 提高了。 但我認為也不用太悲觀， 這本來就是週期。 就像你連續喝兩年全糖飲料， 會對甜度麻痺； 戒一段時間之後， 再喝一口還是甜。

@KillaXBT chills

The greatest post of all time... $BTC 300 days of price action, mirrored perfectly.

@FakeRosaParkXBT @peacefuldecay couldn't have said it better

Every pump fun competitor just shoots themself in the chest under absolutely zero pressure like that one video of the Indian guy from last week. Alon isn’t 1v1ing anyone. Heaven Dex: @peacefuldecay had over 25m cash in reserves to do absolutely anything at all except hard rug and run away. He decided to hard rug and run away Believe: @pasternak made 40m cash and had huge market share. All he had to do was listen to his audience and make just one productive update and not just hard rug and run away. He decided to hard rug and run away Bonk: Make just one positive update to your fiver site before you’ve rugged all your community USD1 coins and use absolutely any amount of the cash you collected to do anything at all that positively updates the platform. Now they come back when Sol is sub 90 and make bullshit updates that take 30 seconds and 5 clicks on raydium. Everyone hates on pump but they are the only ones that haven’t exit scammed. You’d think if it was so easy to take their place that any of their competitors would be able to do anything at all other than exit scam. The current bar for a competitor is to spend more than $50 on a freelancer for your website and to not exit scam after 3 good weeks yet no one seems to be able to do that. Everyone loves to talk about competing with pump but all of the talkers who turned into actors ended up exit scamming after 3 weeks and doing so with absolutely zero repercussions. I trust absolutely NONE of you niggas

what about flattening the bonding curve? for example: all initial tokens are distributed at 30k mcap. once the initial distribution is done (80% of tokens sold), about 270 sol will be raised (currently around 80 sol is raised pre-bond). bond it and seed initial liq with 30% of the raised funds (~80 sol), pair it with the remaining 20% of tokens. liq same as in the original model. the difference here is that because ~70% of the bonding funds remain (~190 sol), every pre-bond trader can always sell/redeem at a maximum loss of ~30% i.e. sell at 20k mcap if shit doesn't work out. the token will never go below 20k mcap. thoughts?

i’ve been thinking about this a lot, actually — this comment from @json1444 helped prompt my brain to put my thinking into words: the second point is the big problem, because in response to the first point: the token with the best name, ticker, and image combination (as chosen by the market) wins — simple the core of the entire problem lies in token distribution & supply control, because as @json1444 said, there is the possibility that the deployer of the “winning” token holds it hostage, farms it, etc. the issue that needs to be fixed is entirely related to supply & token distribution — that is what makes this behavior possible, and this behavior is what has been “killing” the trenches i think there needs to be a token-distribution mechanic (opt-in @ deployment, not forced) that prevents all tokens from being released immediately upon deployment — some sort of market-wide vesting mechanism that slowly scales the circulating supply (perhaps the rate of distribution could be correlated to the token’s fluctuating volume metrics) “who is going to buy a coin when they know that tokens are being released into circulation over time, doesn’t that actively inflate supply?” (to give an immediate answer: true believers in the narrative) regardless, this would be far superior to the “distribution process” being that of supply-hoarders dumping on believers constantly (how tokens are currently “distributed”) this would be far healthier for token distribution (which is what actually matters for tokens long-term), and directly prevents the behavior that kills most tokens; bundling, farming, “hostage-holding,” etc. because it makes it literally impossible unless you’re a giga-whale … but it is bad R/R even for the giga-whale, because more tokens will be released in the current state of token deployment, token distribution is at the mercy of whatever random individual or group cornered supply at launch (not ideal under any circumstance) with this sort of mechanism, the strategic nature shifts from “i need to buy as many tokens as i can immediately, so i can hoard supply” to “how many tokens can i accumulate before all tokens are in circulation?” if people are willing to battle it out in the order books to accumulate a token that is actively being distributed to the open market via a vesting mechanism, and price can still go up despite that, it proves that the narrative is truly strong — it isn’t just a bundled farm, pumping only because randoms cornered the supply & liquidity once tokens are fully vested into the open market (however long this may take; again, ideally the vesting-rate would be correlated to the token’s fluctuating volume), that’s when the game actually begins — and it begins with a healthy token distribution, as nobody even had the chance to bundle it or hold it hostage due to distribution mechanics in this case, the top holders will be those who saw the token’s vision and chose to accumulate through the vesting period because they truly believed in the narrative — not those who bundled 50% of the supply with $1,000 or whatever, just to publicly shill and unload on everyone at $100k market cap this is currently a loose idea, but i really think this is where the issue lies, and the solution as well let me know what you think! let’s brainstorm together

can’t and won’t happen, and not because launchpads are greedy and not because incentives are misaligned. serial devs are market makers, literally making a market and facilitating flow. if you look at it from that perspective it all makes sense imo. and really we’re all market makers for a specific price range and timeframe. who’s to blame if people keep buying and selling at the quoted price? too many degenerates willing to buy high and sell low in the hope that they might sell higher. there’s just too many gamblers. if the token can’t perform sub 100k based on pure narra, it won’t perform in a higher range. because if the serial dev doesn’t nuke it, the gamblers will and eat each other in a zero sum game. either way token goes to zero. the problem isn’t the serial deving. it’s that there’s not enough baworking, either from an actual dev or from holders. think about it: an hour after the dev is out, the token is at 8k. the narra didn’t change - the idea has been presented and is out there. it’s only been 60 minutes. why isn’t anyone buying?

Pump Fun & Sol Foundation should devote a massive amount of resources to stopping serial devs (they do the exact opposite right now, encouraging these scum to deploy as many versions of every token as possible so you rotate between them all as they sell them all to you).

@SolportTom x.com/king69midas/st…

Think these hours are good to talk about things tbh. Volume is pretty low across the board today been looking at the trenchers starting to buy some shit but there's not a lot going on rn. Can probably make this a recurring thing where we can discuss and implement good suggestions where possible asap. Building in public for the public good.

@goyimpnl you clearly have no idea who saved the og trenches in 2022. if tradition mattered you’d give proper credit no one gives a fuck about tradition

i appreciate what bonk is doing i really do. trying to better the trenches by onboarding trenchers to the eco and addressing LP issues but ultimately at the end of the day people know tradition & stick to tradition which is pumpfun. pumpfun holds the memories and that’s what people keep coming back for hence why you always see the big runners on pump instead of bonk. it’s not that which launchpad is better and who’s listening to who or whatnot. pumpfun is the default for every trencher and once something becomes the default, it stops being a choice. return to tradition

@SolportTom wait for total3 bottom launch token airdrop everyone on xmas moon it to a billy a year later bonk mode

What will it take to bring the players who left back?

@KillaXBT my goat

Lets observe $BTC objectively. People have been aiming for 80K for a few reasons. As always, everything is possible, despite being extremely confident in my positioning. Running through the technicals, people are watching 80K because of the CME gap, the prior weekly FVG (which we’ve consistently filled so far), the previous range wick low around 80K before the breakdown, and the fib confluence with the 0.618 around 83K and the 0.5 around 79K. However, in order to validate these targets, you need structural confirmation. Do we have that? No, we don’t. So I’m focusing on what’s actually confirmed rather than speculative targets. Right now, 72.8K is a key S/R since it’s the current weekly open. If we can’t reclaim that level, I expect continuation lower toward 68K and then 65K, which is the middle of the range. If we do flip the weekly open, that objectively shifts structure and opens the door for another move toward the highs at 76K. Based on the fractal I mentioned with the three highs, if BTC reclaims 72.8K, we could see one final push above 76K before further downside. For continuation toward the 80K targets people are calling for, price would need to reclaim and hold above 72.8K,otherwise, it’s just a lower high and a bearish retest before continuation down. At the moment, all we’ve really seen is BTC deviate to 76K, fully retrace below 69K, and now hover around 70.5K. Psychologically, holding 70K was key for bullish structure, and given that price has retraced almost the entire move, I’d be cautious here. Until bullish structure is clearly present, there are no longs for me. Just my current views if we are speaking purely technical.

@pradikagusti that’s just erik paraphrasing

"if you make dog meme, no problem" SEC official just tweeted this in response to the new regulations regarding memecoins and crypto as securities the first dog image you search on google is the best dog to run

@KillaXBT Green clouds judgment

Greed clouds judgment.

just to add. pepe spawned from certain conversations held at nft nyc that week and was led by a certain team from seattle that knows what they're doing. not organic. not rallying cry born out of resentment and frustration. a team with experience and funds (not degenharambe, not pauly) that knew how to capitalize on said resentment. also don't forget total3 added 500b from bottom and broke the downtrend - plenty of wealth effects to go around. you're right in that Pepe the mascot didn't matter as much as people would have you believe (it was a cursed ticker for the longest time). but pepe becoming a representation of our culture was downstream of it mooning, not the other way around. come back to this tweet the next time we reclaim 100k after bottoming out around 50k. you'll get your 1b miracle run on the most random ticker.

People think we bought Pepe in 2023 because it had some historical significance and take that as a reason to buy Troll. Na brother we bought Pepe cuz all our nft floors caved in, all our cash getting yield disappeared, all our funds on exchanges were stolen, and just generally all our shit went to zero, so were all trauma bonded asf. Pepe became a representation for how we felt, for our culture, for our memecoin culture. That’s why we bought it and held it so high. Pepe definitely fills this role in a lot of hearts still, but the same cannot be said for any other “OG meme” - which are simply trying culture vulture of Pepe’s success.

@Fitzybrypto multi-cycler takes on the tl lowering my cortisol ty sir

My timeline has turned into a bunch of liquidity experts I would love to see these guys run a tokens lp using single sided lps Most of them don’t even realise that on a double sided lp the sol only supports sell pressure for just below the current price and if a token is at 100m with 1m sol liq majority of that is wasted/doing nothing anyway as it’s so far down the curve

@WhiteWhaleLabs x.com/naval/status/1…

I'm going to make a bold statement I know to be true. Narrative doesn't matter as much as people think it does. Narrative is the reason human brains cling to in order to justify price action. Example. Earlier today I was examining live data feeds and all of my conditions were met on a 250k mcap coin so I bought. That coin is now over 4M mcap. (I sold) I didn't even know what the coin was about. The logo and banner hadn't even made it to DEX yet, and the launchpad page had virtually no information either. But the data said it was built to run, at least for a little while. When we let data start helping us make decisions - instead of emotion - we become better traders. 🤍🐋