Thread by @KSA_eth

The NFT market has been less active for several days. However, the shitcoin market is booming.

Find here a thread from @GaranceFrancois about shitcoin & memecoin !

What you need to know about shitcoins is here, enjoy your reading !

#NFT #shitcoin #memecoin $pepe

1/18🧵

One person achieved the performance of going from $27 to $730,000 by buying $pepe

But how is this possible?

It all started a week ago with the same $pepe corner...

2/18🧵

All collections were down except @Memeland, @Azuki, @miladymaker...

Unlike all the #shitcoin that usually do a stealth pump & dump, this one only pump. This attracted new holders and its marketcap only increased.

3/18🧵

Investing in #memecoin has the potential to make a significant profit, but it's not without risk - there are some things you should be aware of and careful about. We explain it all here.

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1st rule to respect :

Only invest the money you are willing to lose. Yes, it's a well-known phrase, but #memecoin is ultra volatile and you can make a quick profit in a matter of minutes or unfortunately lose everything.

5/18🧵

2nd rule to respect :

You must keep your eyes on the chart screen. You must follow your investment. Once you have bought a desired quantity, you must stay in front of the screen because your exit may take place less than an hour later

6/18🧵

But where can I find memecoins?

As for the NFTs, the alpha discord groups are your best source. Indeed, there is often a channel for them.
I advise you to look, see the results of the caller. And when you have found a qualified person, you can then follow his next calls.

7/18🧵

The strategy to use:

Don't be greedy. Apply a strategy and stick to it. The best is to consider an exit at x2-x3 and focus on the next one. It's very rare to get x100-x1000 on this kind of corner, if you apply this rule, you will win more than you lose.

8/18🧵

The wallet :

Use a wallet that is only for this purpose. Don't use your main wallet with your NFTs and crypto for trading shitcoins.

9/18🧵

Follow the token charter

There are several tools:
dexscreener.com
dextools.io/app/en

It is enough to add the address of the token and you obtain the charter

It is necessary to look essentially at 2 things:

-The liquidity
-The marketcap

10/18🧵

The higher the liquidity and MCAP, the lower the volatility.

This means that the token will have a hard time pumping.

The best time to make your x2- x3 profit is when the token is launched. There is an automatic pump at launch. You get out as fast as you get in.

11/18🧵

Security is important, there are several things to check:

-the contract must be verified and renounced: this means that the contract has been audited and that the developer no longer has control over the contract, which reduces the risk of a rug pull

but not only...

12/18🧵

- It must not be a Honey Pot because a Honey Pot is a smart contract that will prevent you from selling your tokens.
To check this, you can go to honeypot.is/ethereum

13/18🧵

- Also check if there is a tax applied to buying and selling (thanks to the dextool tool, next to the charter, you already have all this information listed).

- You can also check the Bubble Map tool to see if a wallet has too many supplies.

14/18🧵

Advice on buying/selling:

When you are ready to buy the token, it is best to go to uniswap.org
where you exchange a pair (ETH/$pepe for example). Always add the address of the token.

15/18🧵

For this kind of token, you have to pay attention to the slippage, which I advise you to set at 6%.

The slippage is the difference between the expected price of a transaction and the price at which it is executed.

The slippage is set on the exchange of the tokens.

16/18🧵

Here you have an amount of shitcoins in your metamask wallet. Don't forget to stay in front of the chart screen and sell quickly at a profit of x2-x3.

Stay alert and don't be too greedy!

17/18🧵

Thank you for reading #KSAcommunity !

If you enjoyed this thread, don't hesitate to follow
@KSA_eth
& RT this tweet !

#NFTs #NFTCommmunity

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