Sht Coins

[moXJO]

I bought in from your prior "recommendation". Haha
Still holding.
Currently, sitting on a loss of 69% dude!
But, I ain't worried....
It could go to zero, and I wouldn't give a $hit.
?

Yeah that was bad timing on my part. Once I saw the negative press from elon, VB and noise about China I was suss that the market would pop. Really pi$$Ed off that the market didn't get one more week. Shib turned into a rally-drop play to earn back money.

In saying that, "Shtcoins" are still enjoying 100-1000% returns as of now. But it's quick trades on some. Some are over 9 days. Get in early via spruiker or you risk losing the lot.

My thoughts generally of the market are:
People ramp from here while exiting positions and we simply bounce down. People lost too much and are now too skittish.

There are still parabolic plays like how zoot played out but you need to get out pretty fast as they return back to nothing.

Poocoin had a huge fall but some good whips. Some cheap plays but it's not like stocks. Once a lot of coins go down then the capital from the true believer's has been scared off. It's just "greater fool theory" in action, so you have to pick coins with large fan bases.

It's really about being early.

Dangerous for your capital though. Super Dangerous for traders.

 

[frugal.rock]

Yeah that was bad timing on my part.

Was even worse on my part.

The trade was for around $40 total.... so am down around a huge $28.

Never looked at a chart for it either. Ha.
A long term lottery/ lucky dip that may payout one day.

But, as you say, things can happen very quickly in crypto (bizzarro) world....

 

[frugal.rock]

I put another $ 250 into Shib about a week ago.
Just looked at the chart, nearly about to break even! Ha.

Not a lot of downside risk looking at the charts....
First chart (since inception I guess?)



Second chart is 7 days, 1 hour bars. Currently on a run of sorts. Giddy up!

 

[frugal.rock]

Shib in the charts above has been travelling along nicely.
Also have a holding in Tron.

I think the bottom is in and am awaiting for it to have its turn at the rotational run ups.
The secret sauce to crypto?
Run with the herds and rotation is king.

 

[moXJO]

Haven't been doing as many degen plays but was watching $Khloe coin launch. Khloe is some random instagram "model" with 700k followers. So if pump and dumps are your thing then this is the one to lose all your money on.
Reading telegram and people already down 95%. 15% burn rate per transaction and 1 Quadrillion market cap, oh la la.

You know its not a good sign when you see


Apparently khloe went to bed at lunch time.
Be interesting to see if these apes can still this screaming mess into profit

 

[peter2]

Interesting incident with the TITAN not so stable coin. Mark Cuban becomes the first "name" to be essentially "rugged". I know it wasn't a routine rug pull but more a run on the bank where Mark was the bank.

Mark now calling for some regulation in the totally unregulated crypto stablecoins.

 

[moXJO]

Interesting incident with the TITAN not so stable coin. Mark Cuban becomes the first "name" to be essentially "rugged". I know it wasn't a routine rug pull but more a run on the bank where Mark was the bank.

Mark now calling for some regulation in the totally unregulated crypto stablecoins.

This coin was only on a few platforms wasn't it?
Cuban probably rugged everyone.

 

[moXJO]

So Shib went ballistic. I built a position into this on spare change and promptly forgot about it. Gone up a lot.