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Nov 14 • 4 tweets • 2 min read
$SOL: Where is the bottom at? Nobody knows. The chart itself isn't super clear to me;I had to go all the way back to 2020 to find some support lvls. Have a few different screenshots on my levels and current outlook- I think that this current $11 area is a must hold area. #Solana ImageImageImage
If $11 falls, I don't see any more support until $5-$3. It's really awful to see this price action and it's going to be very volatile in the short term. I personally would not bidding this for a while and would rather just buy higher vs. buying the dip (the dip could be v. low).
Overall, this is nasty for SOL builders in the short term but I think that this is going to be healthy for the ecosystem longer term- not as many predatory bad tokenomics, hopefully more community projects. We will see if new builders choose SOL over Aptos/Sui.
I still think that SOL is a decent non EVM chain and that they have a great community of developers and other projects, but this recent stuff is scary. Still, one blockchain shouldn't rely on 1 person so much and that's against the ethos of crypto in general.

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More from @AltcoinSherpa

Altcoin Sherpa Profile picture
Nov 14
Brain dump, random thoughts here on the market. nothing in order of importance

$BTC $ETH #Crypto #Bitcoin Image
1) Every dollar you invest at the bottom could be worth $10+. I don't think it's a stretch to think that many tokens could be 10x the current prices in 5 years.

2) Treat your current liquidity as precious; don't blow it on stupid shit like you did in the bull market.
3) Probably pretty damn hard to find the 'gems' for next cycle. Everything is going to constrict and nobody knows what will come out on the other end. Prob better to just buy $ETH or $BTC on the downtrend.
Read 18 tweets
Altcoin Sherpa Profile picture
Sep 29
You should always have reasons for why you invest / trade the coins you are buying. Considerations for why you choose the coin you choose (be it $BTC $ETH $APE $XRP $SOL or random coins like $SHIB):

-Time horizon
-Risk Factor
-Liquidity
-Momentum
-Random

Notes below 👇
1) Time Horizon- Is it a trade or an investment? That's the #1 question you should ask yourself before buying anything right now. If it's a trade, you plan to sell and exit your position over x amount of time; an investment is a longer term hold. Key difference.
Trading is fine rn, there's arguably nothing you should really hold given the uncertainty. Too many people rush into buys in these situations and confuse a trade with an investment. Most are not active traders and don't have the time or knowledge for moving in/out regularly.
Read 26 tweets
Altcoin Sherpa Profile picture
Jun 13
$BTC: There are 3 ways you can play this if you are a longer term investor IMO. aka not wanting to trade all that much. DCA, Wait for capitulation, or Wait for uptrend. All 3 have pros and cons. #Bitcoin #BTC
note: this is more from a passive investor standpoint/ someone who doesn't really trade. I would expect most people to be in this category and there's nothing wrong w. it. From a higher timeframe standpoint, I still heavily believe btc will be a lot higher 2-3+ yrs vs. today
1- DCA. Dollar cost average. You will put in $ at key levels of support for $BTC. This is probably 30k, 25k, 20k, then a bit if things get really bad, ie. 15k

Pros: You are indifferent to short term swings, you will always be exposed. You will average out to a pretty good price
Read 14 tweets
Altcoin Sherpa Profile picture
Jun 11
$BTC.D: This chart isn't as relevant as it was in years past but it will still paint a good macro picture for how things will go in the coming months. This is the #Bitcoin dominance chart. The higher this goes up, the lower alt/btc pairs will go. $BTC Image
It's looking like BTC.d is going to go to higher levels, possibly as high as 60+ % in the coming weeks/months. This is quite normal and I expect alt/btc pairs to continue to go down.
More on this: If you're an alt maxi like 99% of crypto, your alt/btc pairs are going to go down as btc.dominance goes higher. BTC dom is bitcoin's total share of the market relative to the crypto market cap. if the crypto MC is at 1 trillion and btc MC is at 500mm, it's 50% dom
Read 7 tweets
Altcoin Sherpa Profile picture
May 28
If/when $BTC makes another leg down, I think you should probably just buy #Bitcoin or maybe $ETH during that capitulation time. There's no telling which #Altcoins are going to make it out alive if something like 20k happens. Many of them have been dead since May 2021.
BTC and ETH are the only 2 coins I'd consider holding for the longterm rn. The other shitcoins, I'm not so sure.

No, this isn't an opportunity to start shilling your shitcoin that you think will survive underneath in comments and why- I don't really care.
IF we see btc leg down strongly, it'll likely be the final shakeout. I think we're closer to the bottom than anything, be it here or at 20k (or sub 20k). Alts likely take another 50-80% dump from current lvls, depending on what you look at.
Read 11 tweets
Altcoin Sherpa Profile picture
May 27
If #Crypto is your passion and you love it but are down bad, I would recommend that you stick with it. It's really hard right now but I think that the rewards are going to pay off greatly when the market eventually turns around. If you believe in crypto long term, it makes sense
I think most all 2017/2018 participants can remember those days. For me, I was putting every last $ I had into $BTC and throwing that money into altcoin trades and lose it fairly quickly. I continued to do this over and over and, while it was goddamn depressing, I kept up.
I studied a lot of books/trading stuff on the side and thankfully read a ton on here. There is a ton of free alpha on CT, you just have to do a lot of work yourself.
Read 10 tweets

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