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mailbox: @goobythegambler degen: https://t.me/goobydegens https://x.com/goobygambles
Usually during flushes I monitor which alts react with strength. Usually good to add powder to those
Stay safe frens and always set stop losses and dont get liquidated 🫠
so ur telling me the pnut owner is pvping $pnut with $justice
🧐🤨
Gamefi mooning and elon tweeting every two minutes a new pumpfun pnd
good ol saturday fun
my thoughts - last two weeks -
last two weeks we saw the rise and fall of liquidity and over-saturation in the meme coin market. not discounting memes or saying meme supercycle is wrong but it became an echo chamber on X and TG / Discord.
Over the last 5 days we saw a shift of wealth and charts (some nuking 80-90%) and looking unsalvageable while old alts from 2017 have risen up. Some pulling unfathomable numbers since election (XRP, XLM, ADA, etc)
Thinking how the current wealth is coming its from institutions and potentially OG crypto people who didnt ride the last cycle but in fact the prior one and now hearing their future president is crypto friendly it allows them to rally with their philosophy -
BITCOIN is King
Utility plays like AVAX, XRP, CHAINLINK, etc for government institutions- the ones that have been building and can create value
I think your bags that are underwater will pump again and have their moments. The strongest communities will recover the best but that also means your bags will fall hard again when the cycle is over.
My two cents is always take even a few % a week into profit, into safer assets like BTC that act as cold storage.
Ive roundtripped many times over by being all in on low- caps or hoping my next project is the future X but you have to stay realistic.
I personally ate the meme supercycle cookie as well swapping my long term holds on things like SUI, SEI, into memes as I got impatient. Ive rebalanced my port this week to hold a fraction of memes, utilities, etc to stay diversified. Although i might not make as much as someone who is all in on memes on the right ones I can sleep better at night and have a more risk diverse portfolio.
everyone has different goals, my main takeaway from this post for you is to not just drink the CT kool-aid but create your own thesis and stick to convictions you came up with. It will be far more rewarding and you will be proud to have your own plan. If you follow what everyone else is doing you will end up slaughtered and holding the bag.
🙏🏻 Remember, there are winners but also losers and far more losers than winners in a trading market. A dollar is a dollar and profit is profit.
sometimes u just go down with the ship. dont beat urself up.
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big week ahead. 👑
Lock in to retire your generation and the next
SOL, BASE, ETH and SUI having runners daily. 😇
https://x.com/buckthebunny/status/1858230506829332860 everyones a mascot now
🚬
how is buttplug not moon liq was added by andy from truth terminal
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damn all dying. too much pvp
do think one of these will pull through on the tweet by tmr tho. praying 🤲🏻
aped every single binance dog
https://x.com/binance/status/1858087785208418725?s=46&t=1GJi79YApKPp-JyioXBNjg
paul gonna jab his way to a victory. mike is doing his best though
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$bald / $tybg
https://dexscreener.com/base/0xf65bb528ced09008603509c3fda43e1ccfddf935 - $TYBG
https://dexscreener.com/base/0x7e5c0a14aa2af95757d12ba1aa89b165b4304171 - $Bald
https://x.com/base/status/1857546715651518774
Thesis: base tweeted emoji
pack it up btc dumped 3k its over
livestream pumpfuns were the top signals
gg go buy ur family some christmas presents and go flat
🥸
one thing is different is pump.fun has attracted product market fit of both Solana and Gen Z (TikTok, Kick, Twitch, Onlyfans)
🤔 we didnt have this much in previous cycles, celebrities was the last leg to onboard previous bull.
I could see a cascade effect because of this, we are now deploying more coins than liquidity can handle (Think about all the dead liquidity stuck in coins) vs previous cycles we had less attention and few coins to push. At the same time crypto has become more popular so it balances out but one side has to eventually give in.
feel free to chime in thoughts ⬇️
market so strong now that even tel aviv getting hit by a missile didnt faze it.
higher
🚬
https://x.com/elonmusk/status/1858747684972048695 optimus is going to be next level
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gonna jeet this for an L, andy unfollowed atm. will wait for a bottom to form
any other sol narratives peeps looking at today or dips to buy? 🙂
bought up from 4m to 10m https://x.com/ibp_agi
still sitting around 5
pls god 🔌
im in $fur, Sold rest to add to fur bag on dip.
if binance doesnt name the dog this should lead.. if they do. gg 0 and rotate to new name
sad day if ur a boxing fan. Gotta feel for him but gonna be jakes night.
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Netflix needs to learn from SOL
this tx keeps failing 🤣
Journal thoughts for the week:
had a great weekend and early week on trades, was up bigly but overrotated or tried to swing things and lost position.
rotated trying to chase some green candle narratives when some bags were just not pumping which was a mistake.
BTC Dom is soaring high, arguably if you swapped all your coins to BTC and kept 25% for on-chain hunting I would have outperformed my current PNL. Somehow I managed to be up money but have less SAT's overall.
I think 100K will be a psychological level and we will see 95~97k be a potential range chop, again no one really knows because we are in "price" discovery. I do plan to take off some risk going into December
I think BASE chain is really heated up and you'll have a easier time holding. SOL you must use trading terminals to perform better because plays can pump to 20-50m overnight and then jeet before you wake up so it's best to set sell limit targets.
my greatest adversary this week was simply sitting on my hands, believing in my winners more and not over rotating. I sold a bunch of PEPE right before the CB listing buying some other things that were down 20-30% just to get railed by the listing. PEPE seems to be the TikTok meme of the year atm.
Winners average winners and that's hold true. XRP is mooning, the market is truly feeling different from 2020-2021 in some sense. We haven't seen ALT SZN yet, and X believes that the higher the BTC dom the harder we see alts run but I've also been seeing BTC drop 1% and alts dumping 10% so it's hard to say what will really happen.
I think institutions will continue to buy BTC over memes, T1 CEX will now be able to list old memes because of SEC regulation being lifted off and we will continue to see X accounts pushing narratives (MASCOTS, ELON TWEETS, etc)
Overall I think I'm underperforming the market and my peers and I have to remind myself that it's Me vs Me and no one else - when you start comparing your PNL to X or you over refresh your PNL and over trade or get emotional that's when you'll be making more mistakes.
On-chain hunting is very profitable, and I know guys who are printing 6-7 figs weekly ATM by sitting on Memescope / apeing size into Tweet plays and topblasting.
I'm sure just as much as there are winners there are many losers who aren't as vocal, but It's important to remember it's a zero sum game. if you are losing, make sure to reflect on what you have done wrong and adjust for the following week. If you need to, take a day off chain trading and be OK with missing out on the play of the day. The market will always be there but your capital preservation will not be if you end up overextending and liquidating yourself in the process.
I'm humbled this cycle, I feel like a League player who use to be diamond in S2/S3 but now Gold because the meta and rational thinking has overcome what I use to know. but I won't stop clicking.
I'll be posting plays again. I posted a few on Degen just that I felt were good like $SBR, $PEPE, $MOODENG.
There is a ton of FOMO for listings, but be warned that this will saturate the CEX listing pumps eventually because people will frontrun and expect it.
Please comment below what you feel like you are doing good and what you are doing bad I would love to hear from other degens.
Giving away 0.5 SOL - simply share a play you are bullish on or what you are struggling/doing good with - would love to just chat with people and get better. Will announce winner later tonight after the Jake Paul v Mike Tyson fight
- Goobs