B-b-but You Called a Few Memecoins
I did. To show you I know what the fuck I’m talking about. I didn’t miss on one did I? And if you ever bought any of them, you’d still be in profit to this actual literal second in time if you didn’t sell yet (hopefully you did). Notice I haven’t shouted out another one for quite a while - I shifted back up to the T100.
“Wow dude you’re a hypocrite!” - No I’m not.
“Huh? Are you delusional? You just said all that about memecoins and now you’re admitting YOU called them out on your OWN channel?” - No, I’m not delusional. Yes, I did call some out on this channel. No - doing so doesn’t contradict the ethos of what I just stated above. And I’ll explain exactly why.
But How?
1. I’ve been here (posting as an entity) for nearly a decade. Next year marks
year 8 of this Telegram channel. I know what the fuck is going on top to bottom in all facets of this space (in the most humble way I can say that). If you go to the beginning of this channel’s history you’re going to see it starts in November or December 2017.
2. The market mechanics behind those memecoins I directed to you were
no longer being dictated by a cabal. In certain rare cases, devs launching these memecoins managed to launch something that caught fire before even they were able to rugpull everybody and they either sold prematurely or they allowed it to run. If you check the top P/L stats of most of these memecoins, you’ll see those initial creators cashed out and made millions. They no longer needed to dump on you anymore. It became a free-for-all.
3. The exposure fueling said memecoin was too astronomical to suppress. These day to day projects that pump don’t have said exposure. So the second the devs dump on you, it’s down -90% in your face. And it will dump before YOU make profit because even at the listing price on
pump.fun they’re making money and they’re in profit the second the bond curve requirement is fulfilled. So they have no incentive to not dump the second it hits Raydium. Plus they snipe their own shit.
4. I personally never invested, bought, received or sold a single memecoin I mentioned due to the inherent conflict of interest. In general, I don’t trade anything I chart or recommend because it allows me to see things with the impartiality needed to be right. It dissociates me from the psychology of “wanting” any trade idea to succeed or not. Perhaps if I were invested in memecoins, I’d be reluctant to declare them dead as it would kill (what I assume would be) my hopes of them pumping and me getting rich.
Remember - Dogecoin itself is considered a “memecoin” (even though the code backing it is damn near identical to Litecoin which, itself, is a fork of Bitcoin; LTC & DOGE have the same mining algo - Scrypt). But dogecoin’s market isn’t controlled by a cabal. In these exceptional cases, sure - you could trade the token/coin if the fundamentals make sense from there.
But outside of the factors I mentioned above - memecoins are
not viable.
**Edit**: I said dogecoin’s price isn’t controlled by a “cabal”. I need to retract that as I don’t know this to be true. It just isn’t controlled by a cabal of memecoin developers that serially launch projects on Solana (to my knowledge and understanding). Doge at this point is probably under primary control of the market makers & exchanges which hold the majority of its supply. Nothing in these markets is outside of the control or thumb of major market forces. However, they don’t move as a monolith, so their competing interests can still create a seemingly “even” playing field for the small fish out there.
