Keen to YOLO on a meme coin & buy a lambo? Looking for the next Shiba? Here's a quick guide [Thread]
1. Winners get to the party early & leave early
By the time you hear about the pump, it's too late. When it's run 10,000% up sure you might squeeze a bit of juice, but you will probably end up holding the bag
Mia Khalifa or Meek Mill tweeting about it? It's over. Don't touch it
By the time you hear about the pump, it's too late. When it's run 10,000% up sure you might squeeze a bit of juice, but you will probably end up holding the bag
Mia Khalifa or Meek Mill tweeting about it? It's over. Don't touch it
2. Make sure you can actually exit
There's no point having 7 figures locked & loaded but you can't get out because
a) transaction (gas) fees will ruin you
b) there's just no liquidity in that unheard of meme coin
There's no point having 7 figures locked & loaded but you can't get out because
a) transaction (gas) fees will ruin you
b) there's just no liquidity in that unheard of meme coin
3. Resist the urge to run up leverage
The worst feeling in the world is getting wiped out & have your position closed because you couldn't hodl long enough to see Valhalla
This shit is already intrinsically leveraged, there's levels to being a degenerate
The worst feeling in the world is getting wiped out & have your position closed because you couldn't hodl long enough to see Valhalla
This shit is already intrinsically leveraged, there's levels to being a degenerate
4. Own the keys, own the coins
Trust wallets/ metamask ++ transacting on pancakeswap/ uniswap will get you into some decent assets before they pump & get onto an exchange
More importantly, you're not running exchange risk with your "hard earned" coins
Trust wallets/ metamask ++ transacting on pancakeswap/ uniswap will get you into some decent assets before they pump & get onto an exchange
More importantly, you're not running exchange risk with your "hard earned" coins
5. There's HEAVY survivorship bias
The guys you see turning $100 into millions are a tiny representative of a massive market where many folks aren't as fortunate
Soaking up 10,000% gains in a very short period is the exception rather than the norm
The guys you see turning $100 into millions are a tiny representative of a massive market where many folks aren't as fortunate
Soaking up 10,000% gains in a very short period is the exception rather than the norm
6. Diversify!
Shortlist a couple of coins/ tokens you feel could pop in the future & spread the risk
This isn't like stocks where you have tons of information & can size up on high conviction plays
This is a fucking lottery, treat it like one. Buy a shit ton of tickets
Shortlist a couple of coins/ tokens you feel could pop in the future & spread the risk
This isn't like stocks where you have tons of information & can size up on high conviction plays
This is a fucking lottery, treat it like one. Buy a shit ton of tickets
7. Don't buy the wrong coin!!
Right now there's a wave of unofficial LOKI, Shiba, Doge projects that purely exist to fuck you
If you're keen on a project, make sure it's THE project. Check the white papers (if any), social media feeds & the network addresses!
Right now there's a wave of unofficial LOKI, Shiba, Doge projects that purely exist to fuck you
If you're keen on a project, make sure it's THE project. Check the white papers (if any), social media feeds & the network addresses!
8. Whales can hurt you
If you're in on a project where there's a handful of people controlling the entire supply disproportionately or heavy stakes given to the devs... this can go bad real quick
Liquidity & concentration risk are key to watch for
If you're in on a project where there's a handful of people controlling the entire supply disproportionately or heavy stakes given to the devs... this can go bad real quick
Liquidity & concentration risk are key to watch for
9. Favour the deflationary assets
This isn't bulletproof but works more often than not. Look at the burn rates. Any assets (like Doge) that multiply in supply... always going to be tough in the long run.
This isn't bulletproof but works more often than not. Look at the burn rates. Any assets (like Doge) that multiply in supply... always going to be tough in the long run.
10. Never trade money you can't afford to lose
Most important tweet in the thread ππΌπ
Most important tweet in the thread ππΌπ
β’ β’ β’
Missing some Tweet in this thread? You can try to
force a refresh
γ
