Previously: developer, holder. Now: shitposter, and again developer thx to AI
- Tweets 2,670
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Went to sleep yesterday thinking I had closed a position in the green and being surprised today by a liquidation email 🤣 fml I missclicked or smth
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Respect to @401kusingsolana
The OG that started the stock meta on Solana.
Rewarding holders with xStocks before it was cool.
$401K been running this for over a year.
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Gonna try shorting stocks again, didn't like the weekly close and seasonally these are usually bad days, let's see.
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I've never seen so many accounts on X passionately defending the 9/11 narrative. I guess someone was ready with a response team and enough bots, good job.
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As much as i'd like to have an extended alt season... i took profits from most RH plays, too many symptoms of exhaustion (LHs, meme rotation, dino coins pumping a bit...).
Of course that probably changes if BTC reclaims 82-83, but until then, I'll play the bounces with shorts
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DeCryptoor retweeted
MEGAETH
Added to the cunefolio. Yes, that deserted ghostchain with zero users that fumbled the bag.
You did what?! It's a deserted ghostchain, worst execution ever, lost everyone money. Okay, hear me out.
facts
Circ supply 1.1b. Circ market cap $44M. Good volumes on CEX ($1m+). 638M tokens dormant/staked in flux. Most new unlocks are KPI gated which will not be met. No uncommit queue but there's def some people who forgot about it and all people in there are down on their bags (so probably don't sell on the first pump).
thesis
Thesis is that anyone can DCA in just $10M and acquire >50% of nondormant circulating supply.
Given the volumes and how reflexive it has been after dips, I suspect this is already happening (who else is buying this crap).
All elements are in place; a working chain that is supercheap and fast, a twitter stacked with real followers and enough hate to fuel the most hated rally ever.
It's a x5 to $200m mcap and a x17 to ATH.
bull arguments 🐂
- $44m mcap of which over half committed which is an insanely low mcap
- never had a bull moment
- listed on every cex (coinbase, binance, bybit, hyperliquidetc)
- no unlocks until april 2027, and majority kpi gated
- 200k twitter account (and real followers), lots of haters
- most other chains with no users are at like $300m mcap (e.g. monad)
- cheap and fast blockchain that works very well
- Ethereum alignment if Ethereum runs
- team still active (rex6 hard fork live 25 august, upbit/bybit paused withdrawals for it)
- no real downside seeing chart
- github still active
- I kinda like the branding
- easy to scam up
- socials active but retarded content
bear arguments 🐻
- team has shown bad execution
- team is pretty inactive/not talking about megaeth much
- team is doesn't respond to my dms
- twitter retarded content
- lots of dapps ran away after they killed incentives
It's not risky bet; I treat it like a stablecoin. Can be a -20% drawdown worst case, or a x5 on size in a reasonable case and a x10 on size best case.
You hate Megaeth? Good, do you want to be right or do you want to make money?
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Local top already?
The crazy thing is if I use the log flagpole price target method that I like to use for major trend targets, you get between 500k - 1M for bitcoin:native (blue lines).
In fact, the pennant breakout from 2017-2020 is still fully underway. If 6 years on feels like "too long" for a pattern target, keep in mind the pattern itself is 5 years long, 2015-2020, so the expectation is that the time to reach target would be in that ballpark.
Back in 2020 when BTC was trading under 9k I regularly posted the 500-650k BTC of that half decade pennant, but it fell on def ears as the average holding time of CT is around 5 minutes.
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2 years ago we went from we went from 70k to 49k in one week.
Remember, remember, the 5th of... August
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I frankly hate this model nerfing that just happens depending upon release needs.
I guess 5.6 is coming soon bc 5.5 is now absolutely retarded.
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I noticed failure to dump these last days/weeks... Switched to longs, maybe we have a summer of something and pump a lil bit.
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I feel like everyone is waiting to buy lower and in a few months, and... Will everyone be right this time? Due to this I already started to buy again.
If it falls fine, can buy more, if not I'll be ready.
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I regret not buying Intel a couple of years ago. Felt cheap and obvious, but I thought there was something I was missing because everyone hated it and didn't act.
I bought two hated assets today, let's see if this lesson works.
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One month later, shorts printed. Open but some profit taken.
Alts relatively stronger than btc. I think they're lagging and will keep falling, but they were already very hammered to begin with.
Also, treasuries will mostly sell btc because this is what they have.
Whoa TL switched to full bull in a couple of days.
Meanwhile my shorts are getting filled.
Its easy to become a bull now but I guess if when it was boring I thought this could be a good short, I should try to respect the idea.
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