nice green day

too bad i closed my longs last night before sleeping

btc dom is at weekly resistance while alts are mostly oversold

just pick those that held a bottom strongly for a quick reversion trade then back to flat -> outperformance

avoid alts that revisited dec lows or went below those levels

also i’m starting to like ltc a lot and have been longing it

really considering allocating a portion

im leveraging w <10% of my pf

don't go bust because ik yet another person that got zeroed just yesterday

always risk manage if not no one can help you

feels like a good chunk of those "hacked" accounts launching tokens are simply just scams using being hacked as a way to absolve all responsibility

all the more you should just stop buying those type of tokens

Did you know that you can pay for a phone online or settle a bar tab at a nightclub with crypto?

Some younger consumers feel paying with crypto is faster and more cost effective than traditional payment processes.

Is crypto the future of payments? https://str.sg/wYCVG

#stheadstart

study

QCP: Any positive news could force USD longs to unwind their positions en masse, potentially sending risk assets higher. Tonight’s CPI release could be the catalyst that triggers a sharp move lower in DXY. Across multiple metrics, we see no signs of panic on Wall Street. For participants still holding long positions in crypto, following institutional flows and purchasing downside protection may be the best strategy. — link

One under-discussed catalyst for $BTC is the hundreds if not thousands of zombie companies that could start buying BTC to get attention/volume/volatility on their stock

Remember that Saylor initially bought BTC almost out of despair, and it catapulted his company $MSTR from $1bn to $100bn.

Now he's preaching the gospel of a Bitcoin treasury company to anyone who would listen.

Unless you are a top company, most stocks get very low attention from the market. If you are the CEO or the CFO of such a company that has been trading sideways for decades and that does not have incredible prospects of growth, then there is a clear incentive to buy bitcoin

This is what $SMLR $KULR have started doing, and it had a significant impact on their stock price.

It seems logical to me that more and more companies are going to adopt this strategy. Just look at KULR chart and tell me there is no incentive to do it...

yknow whats funny

when favourable conditions return, most will throw the lessons learned away *once again*

"my last chance to make it" before cranking up risks

think about the number of times it has been echoed throughout the cycle and yet we still see majority of folks suffering huge drawdowns each time we cool off

because once you get attached to your bags it gets very hard to let go + the latent dream of hitting one big homerun that changes your life -> refusal to tp

in the same vein, i do think memes will probably outperform *once again* as with every other continuation we've had this cycle

looking at cex memes + more established ones like fart etc.

think the current demographic of participants are attracted to fast money culture and likely won't settle for utility bids or slow cooks

pumpfun and its likes will remain hot with onchain runners albeit highly rotational

its a known fact that memes are illiquid and often take huge drawdowns - feature not bug

participants have been playing this game willingly and knowingly

they will continue to choose this game again and again