Every day I get thousands of messages from world leaders, the U.N, and crypto bro enthusiasts about $MC asking why price only goes up. It’s simple mathematics and few understand the tokenomics ponzinomics.
Essentially it’s all an endless positive feedback loop on price
Merit gets 500k in a seed deal for tokens. Prices only funds see not normies. They hit 1 100x = 50m in buy backs. People see number go up. They stake. Float drops. APY goes up = people buy = people stake
See ILV historical PA (same tokenomics) but improved
Essentially MC acts as an ETF for the metaverse and gives people exposure through their Seed deals + farms that then go into buyjng MC for treasury. Their treasury already larger than Sushi etc
I’ve spoken a lot about the CPI data on Nov 10 and 60.7k level
To continue on that. If savings are at all time lows. And everyone is over-leveraged on debt at ath. While tapering begins with rate hikes. The result is panic. That panic creates a deflationary spiral
Few consider this a possibility yet it’s one of the highest possibility outcomes there is. What if deflation is part of a cycle like all cycles in the universe? I’m still of the belief 2022 will have many months of pain.
Even if you believe that fiat is worthless. You could be wrong. It’s worth having on hand at times like this because it can unfold and has in the past. The roaring 20’s? After deflation. 2007? After deflation when inflation was a hot topic. Short memories
If you've ever played a sport like football, or any sport you know about momentum in games. It's something palpable. Markets to me are the same thing. You feel shifts, you feel something off.
I was bearish on $ETH bc of the weekly doji w/ context of location.
Now you have the doji, but then you also keep touching the dynamic support quicker and quicker with less time in-between = fading momentum. The other times I made red flag posts were here:
1/ @Meritcircle $MC : Why Merit Circle has exeeded all BLBP sale records in history and why it is still wildly undervalued at 3$ per token. With something this big and little to no chatter? 🧵🧵
2/ First of all. The raise is holistic, meaning every $ directly increases earning potential and with it the value of the DAO. Every raised $ directly benefits the contributor = token holder = DAO owner
The Metaverse is infinite + gaming is the most immersive MV experience. It will be bigger than we can all imagine. If you want exposure to this explosive growth, you'd prefer a specialized and diversified approach
= an index
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 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