ok, main issue I see here is a lot of celebrities are interested in crypto but have no way to know who to contact to launch projects or get advice
this seems like an internal problem that we need to fix
if the projects that these celebs launch are more high quality & at least communicated better with their followings beforehand then it'll look much better on crypto as an industry
whoever figures out how to assist these people with learning about crypto + launching their social tokens/projects easily makes multi billions & also onboards millions of retail in the process
Caitlyn Jenner has 15M followers on IG, I can bet you about .1% of them even knew what pump fun was or how to buy that jenner token after launch, & this person is connected to one of the most popular families in the USA
imagine if people could easily long the Kardashians, or Kanye, or Boden, or anyone else onchain
i think the hyperfinancialization of social is going to happen regardless but it is going to look very bad if the #1 BD for all of crypto are just scammers with a lot of followers on social media
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there is two way to do pairs trading, if you are pure a spot trader which 99% of you should be
you can swap the weaker coin for the one you expect to be stronger, i.e. if you think SOL/BTC pair is going to go up, you swap your bitcoin for solana
if you're playing it via perps, typically these pairs against majors outperform when alts have been beaten down significantly (trending hard in one direction), and they find a bottom while majors are still ranging
so intent should be to hedge majors via perps at range highs
reasoning is that if you hold spot alts at a discount, and majors range for multiple weeks, you still catch the upside of alts trending while majors aren't doing anything
also, if the ranges on majors do breakdown, you can cover your shorts and add to outperforming altcoin bags
will be updating this thread on solana all the way to previous all-time highs ($260) - breakout of ~9 month range over ~$25-26 area indicative of positive shift in trend here
pullbacks are for buying for the forseeable future
update #2, $56, 3x from entry already & dips still for buying
thread on selling parabolic moves / market tops
- ppl have asked me how to sell tops so I'm making this to show some of the things that I look for
first you need to identify whether the asset is parabolic or not, best way to do this for me is to use trendlines. if you get three drives breaking upper resistance trendlines you're usually nearing the end of a parabola
when we're up in this area is where you should be cautious, either start using trailing stops or start preparing a plan for what you'll do if we do get a deeper selloff. It's really easy to sell too early here and watch price keep going up because it can stay parabolic for awhile