A small thread on $FLOKI. Special shoutout to .@satsdart and GCR
Yesterday saw him tweeting about how much he hates it. It reminded me of the other times I hated meme coins. Projects that get a lot of hate tend to do well
Hours later E Musk would tweet out what looks like Floki
I decided to look into it a little more bc whether you like it or not they tend to perform well.
I believe it's the #3 by market cap behind $DOGE and $SHIBA, but it potentially has further reach due to a Metaverse they are working on called Vahalla
I don't know anything beyond that tbh, and it's now around a 750m Marketcap but potentially with some FA + retail reach outside twitter like on Tik Tok, billboards, busses etc it has the potential to go far due to reach and retail thought process. However
I think one thing that is holding them back is not being on exchanges like Binance, or CB if they are to go to new heights that is a must do first and foremost. I bought 25k worth last night and will report back on how it goes over the next couple months
If alts get another run, and retail comes this seems logical and good R/R for me emotions aside. I have no idea what to expect but community seems committed so I'll bet on a repeat.
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I really like the artwork and the concept. I do hope that they lower the price to 2 $SOL from 3. My focus is to buy NFT's that I think will appreciate over time by building strong communities and I think this will be one of them
I'm trying to apply the things I've learned about NFT's (again no pro, they are highly speculative) and what it comes down to at the end of the day is community + team. The artwork is a big piece too. Focus on the floor and it drops. Focus on making something fun it goes up
I'm focusing on what I view, correct or not to be quality projects instead of quantity. Bc I don't want the market to become over-diluted and I want to see people participate when the project speaks to them. Not to get in and out for a quick buck. DYOR rule #1
few understand. Q4 last year alts were at atl’s vs $BTC
The day it hit that bottom line which I posted months in advance is the day the market topped. Soon #bitcoin will break out temporarily turning alts to dust which in turn will lead to new ath’s + bring new participants
I thought $BTC was suppose to dump hard this weekend bc China?
Are we watching the news or are we paying attention to what price is doing at this key MACRO spot that is so fucking clearly defined a blind person could read it
Price showing strength on fud
37-30k bottom 45k Res
Today’s my last day on CT. I feel like a failure of a father
I dropped my 6 year old off at an orphanage for his inability to trade options
This started about 4 years ago when my son was 2 years old. I started to supplement his picture books and cartoons with beginner options books and Martin Shkerli's live videos on how to pick pharmaceutical stocks.
Over the course of these years I feel like he has retained absolutely nothing even though I have spent every waking minute trying to make him understand.
A year ago #Bitcoin was trading at 10k. A few short months later it'd trade at 64k. A lot has changed since then, the 1st country adopted it, the first banks plan to offer it. Mass adoption begun
What can we expect over the next 12 months?
First I think it's important to realize how scarce it really is when you talk about the adoption that likely to happen over the next year. Scarcity was programmed by design and this next year is where people mess up. Institutions are buying your coins (as discussed and proven)
In the next year:
We go from 1 to 3 countries adopting it
Twitter doesn't just integrate it but puts it on their balance sheet
Multiple ETF approvals that allow all companies access to BTC
To get where they are today took time and developing a culture
The above are all more than PFP's and most people there I believe won't worry about the "floor price" bc the floor price tends to trend up as a community grows and people want to be a part of it