$BOBBY, $CHIPPY, $OUPPY, $GIREUMEE, $BILLYWIFHAT, $SILLY, $NIGGY
Copycats everywhere,
But $BILLY, the original, still dominating
Day of the dog
Copycats everywhere,
But $BILLY, the original, still dominating
Day of the dog
🔥1
$BILLY @ $42M
$BOBBY just 4x’ed in a few min
FWIW, can see the case for, when it’s clear there’s a big new trend, people wanting to diversify into some of the copycats that appear simultaneously,
As e.g. VCs have often done,
Since, though the 1st is a special place, which usually wins, sometimes the 1st gets screwed up horribly, usually for the stupidest reasons, and then 2nd or 3rd dominates
E.g.
JENNER vs MOTHER
RNT vs DADDY
Myspace vs Facebook
Etc.
But even so, the first still often remains the winner, so this is about diversifying to capture all who have a shot at the top spot,
and NOT about skipping the leader to get a much lower-cap copycat, just because it’s lower cap — which something different, and is generally a horrible move done by very bad investors.
$BOBBY just 4x’ed in a few min
FWIW, can see the case for, when it’s clear there’s a big new trend, people wanting to diversify into some of the copycats that appear simultaneously,
As e.g. VCs have often done,
Since, though the 1st is a special place, which usually wins, sometimes the 1st gets screwed up horribly, usually for the stupidest reasons, and then 2nd or 3rd dominates
E.g.
JENNER vs MOTHER
RNT vs DADDY
Myspace vs Facebook
Etc.
But even so, the first still often remains the winner, so this is about diversifying to capture all who have a shot at the top spot,
and NOT about skipping the leader to get a much lower-cap copycat, just because it’s lower cap — which something different, and is generally a horrible move done by very bad investors.
$Bobby now 6x what it was a few min ago
FWIW, should also say, my general strategy, if I am going to get into something — which I almost never do — but if i do,
my strategy is to force a decision UP-FRONT, right at the beginning, before sharing any screenshots or anything, which usually involves urgently searching everywhere for all possible signals asap,
Either in or out, right up front.
Whatever you’re going to put in, front load it up front, or forever hold your peace.
Idea here is to NEVER wait to see more price action first, which creates huge potential to get sucked into investing based on upward price movement, which often is a death trap
In backtesting past decisions, this tends to work out incredibly well — nearly always, even for the failures that crash down a lot, had I put in money right in the beginning, as soon as I’d received a solid signal for something, then even after a later crash down, the price still extremely often remains above where it had been near the beginning.
Speed can be massively important in hot markets.
The advantage you have by acting fast, can so often outstrip the certainty advantage you get by waiting a protracted time to see more.
Biggest point here: Generally suicidal to “wait to see more”, for something you already like and see more than enough good signals for, especially since “wait to see more” tends to mean using upward price movement as a signal - at which point your entry is far worse.
And really some version of this has been classic startup VC investment advice too, since the dawn of time.
(Mostly applies to earliest stage investing, ofc.)
Nothing new under the sun.
FWIW, should also say, my general strategy, if I am going to get into something — which I almost never do — but if i do,
my strategy is to force a decision UP-FRONT, right at the beginning, before sharing any screenshots or anything, which usually involves urgently searching everywhere for all possible signals asap,
Either in or out, right up front.
Whatever you’re going to put in, front load it up front, or forever hold your peace.
Idea here is to NEVER wait to see more price action first, which creates huge potential to get sucked into investing based on upward price movement, which often is a death trap
In backtesting past decisions, this tends to work out incredibly well — nearly always, even for the failures that crash down a lot, had I put in money right in the beginning, as soon as I’d received a solid signal for something, then even after a later crash down, the price still extremely often remains above where it had been near the beginning.
Speed can be massively important in hot markets.
The advantage you have by acting fast, can so often outstrip the certainty advantage you get by waiting a protracted time to see more.
Biggest point here: Generally suicidal to “wait to see more”, for something you already like and see more than enough good signals for, especially since “wait to see more” tends to mean using upward price movement as a signal - at which point your entry is far worse.
And really some version of this has been classic startup VC investment advice too, since the dawn of time.
(Mostly applies to earliest stage investing, ofc.)
Nothing new under the sun.
🔥2