1/ We are 2 days away from the #Holoride listing on the #Maiar DEX. Here's what I expect. #EGLD and #MEX pump hard before and after the listing, once prices peak we see a sell off from short term traders. Then we set a proper valuation for Holoride and MEX over 2-3 weeks.
2/ For many #EGLD, #MEX, and #RIDE will become long term investments, but you can always benefit in the short term by considering various scenarios. Simply brainstorming the risks and volatility that come from new listings is crucial to being mentally prepared.
3/ Are you going to take profits? Are you going to increase/decrease holdings? Where do you think a short term top will be? Once the buzz and investment from the initial listing slow down, will prices consolidate? If so, for how for long? Ask yourself these questions.
4/ If you're expecting everything to 10x immediately, that's not how it works. I think a lot of people got into the DEX without any experience and hoped that's what would happen to EGLD. This is a long game, and Elrond is a DeFi project preparing for the long term.
5/ If you've followed me for a while you know I think expecting everything to go up without 50-60% drops screams inexperience. This is an early stage, high risk investment world, realize this, embrace it, or exit.
6/ Now, what do you all think will happen with prices over the next 2-3 weeks? What is your strategy coming into the Holoride listing? Let's get some well thought out answers to help everyone consider different options and prepare for anything! Good luck to all.
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