Some Raw thoughts:
- New runners are spawning every week now that are going to pretty insane valuations pretty fast
- In the past this wasn't really an issue because "runners" would be stuff that would top at 20 mil but now we have runners that are absolutely lapping the market caps of older "established" coins
- As the average participant sees this, the appeal to buy "established coins" dimishes more and more over time
- For AI/utility based coins this is still somewhat fine cuz there's always potential new catalysts. For memes it's kinda fried because how do you restore the initial novelty that brought attention to the meme to begin with?
- All in all, think your focus should be on new coins. Grind this market as if you were starting right now. If you have underwater bags of the type of coin I listed above, pray and try to wait for bounces on them. Market feels bottomed as fuck right now but we never know
- Also if you are cooked rn, I want you to remember that this market will still give you plenty of opportunities to make it but you CANNOT stay stuck in old habits/paradigms. If you try to play this market the same way you been playing it this year you WILL get fried
- Remember - This market is a game of survival and a game of who can outlast who. Lick your wounds and prepare for full blown retardation in January. You'll have plenty of chances. Much love
- New runners are spawning every week now that are going to pretty insane valuations pretty fast
- In the past this wasn't really an issue because "runners" would be stuff that would top at 20 mil but now we have runners that are absolutely lapping the market caps of older "established" coins
- As the average participant sees this, the appeal to buy "established coins" dimishes more and more over time
- For AI/utility based coins this is still somewhat fine cuz there's always potential new catalysts. For memes it's kinda fried because how do you restore the initial novelty that brought attention to the meme to begin with?
- All in all, think your focus should be on new coins. Grind this market as if you were starting right now. If you have underwater bags of the type of coin I listed above, pray and try to wait for bounces on them. Market feels bottomed as fuck right now but we never know
- Also if you are cooked rn, I want you to remember that this market will still give you plenty of opportunities to make it but you CANNOT stay stuck in old habits/paradigms. If you try to play this market the same way you been playing it this year you WILL get fried
- Remember - This market is a game of survival and a game of who can outlast who. Lick your wounds and prepare for full blown retardation in January. You'll have plenty of chances. Much love