0/ How to become a one-man crypto narrative trading pump-and-dump multimillionaire, with the help of ChatGPT and some initial investment.
Disclaimer: Any resemblance to real persons or other real-life entities is purely coincidental.
1/ Before you start, you need a new mindset. Forget everything you know about trading.
You’re now a marketer selling “get-rich-quick” schemes. Your job is to peddle the wishful thinking that everyone can be crypto rags to riches.
Embrace your role as a snake-oil salesman.
2/ First, you need a main CT account with about 50k followers.
This account needs to have the persona of a rich, credible trader. Do whatever it takes, including flexing fake PnL, paying others, and quoting “lessons” from high-following accounts.
Fake it till you make it.
3/ Next, you need to build a network of >100 CT accounts.
Use ChatGPT to generate content.
Each account shld have its personality. Some try to run 1k to 50k (on demo). Some draw lines on charts. Some write in diff lang, and across timezone.
The content quality doesn't matter.
4/ During #FollowFriday, get your main account to recommend your smaller accounts to slowly increase their following.
Some (not all) of your small accounts should worship your main account as a trading genius.
Perpetuate the hype train.
5/ You now have a very effective advertising machine.
Imagine a crypto normie that follows your main and 50 small accounts.
He reads about your XYZ recommendation, and this narrative is reinforced as he scrolls down his Twitter feed.
Chances are, he is quite screwed.
5/ Now that you have the setup ready, here is a rough strategy.
- Select a dead coin and start accumulating
- Use your full influence on Twitter to invent and shill imaginative vapour narratives
- Dump your coins into gullible buyers as the price pumps
- Profit
6/ You need to select illiquid shitcoins so that people can fantasize about a 10-100x return, and reduce the chance that you get dumped on.
Accumulating shitcoins might cause it to pump a lot, but it doesn’t matter because you are playing the greater’s fool theory.
7/ Main account reputation is important.
If you want to shill 7 fig coins, do it with a small account so that you don't get labeled as a grifter.
You should only shill P&D coins sometimes.
Most of the time, you should be commenting on issues and on larger legit coins.
8/ Once the coins are bought, you can start shilling the narrative/coins with your big account.
Then, start shilling the coin with your smaller accounts through the course of the week.
Your marketing campaign has now started.
9/ If the campaign succeeds, this means you are influential enough and you should be able to sell all coins at profit.
If it fails, you might need to manufacture an artificial pump and take some losses to salvage your credibility.
Keep building your main account.
10/ Sometimes, coins will pump way harder than you imagine after you sold all inventory.
That doesn’t matter. You can always claim credit as the first CT account that called this coin. Just move on and pump another narrative.
Don’t be trapped in your own FOMO.
Stay consistent.
11/ Note: If this shocks you, my advice is that you probably have no edge narrative-trading coins with MC < 1b in this market.
People can sell you greed because you are greedy.
If you don’t know the grifting, you are getting grifted.
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0/ IMO, @ribbonfinance’s lend product has serious design deficits and I recommend people not to use it for yield-generating purposes.
A thread.
1/ Firstly, Ribbon has a problem with capital inefficiency.
One big qn was why lenders to Wintermute's LP only receive 6.4% APR on Ribbon Lend (before $RBN emissions) when they were paying out 11.5% APR on a 90 days loan at other platforms.