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gumg

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offramped a lot of cash to the bank last week
the last time I did this was 2 years ago to buy my first house & car, after years of holding 99% of my nw in crypto
now I'm doing it to make my life less stressful. I want to have less money in crypto because the % has always been too high
and to be fair, after this offramp, I'm only back to June levels, so its still a lot, just offramped all my profits
not sure where to put the cash yet but will spend the next weeks planning
I'm not giving up on crypto - its the opposite really.
Took me a while to realize that having such a high % in crypto made
PUMP-1.60%
STONK-3.64%
FDV, after buybacks: $4.1B
Circulating mcap: $2.11B
New new supply per year (after buybacks): 3.6%
Circ Market Cap/Revenue: 2.93x
Can survive a bear market: YES
Is hated: YES
Competition tried and failed: YES
Is revenue expected to grow: YES
Is revenue floor expected to grow: YES
Does team need money: NO
Is team on top of innovation: YES, in the context of big corp / market leader (adopting innovation vs leading)
tl;dr thesis on $PUMP
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PUMP-1.60%
day 1 of X journal
starting this journal today to share what I'm doing, studying, monitoring on a daily basis, will try to be as consistent as possible
—
am building own terminal with onchain data and custom indicators, will share publicly, some of you may have already seen it
building a telegram bot for my public telegram, goal is to send daily reports on coins, with data you can't really find anywhere else in a succinct manner
traded PUMP over the last few days, so far +$70K rPNL, really happy with execution on these trades
farming yield on Kamino w/ 30% APY on an AUTO Multiply position, aro
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PUMP-1.60%
KMNO+1.45%
This map shows public sentiment in regards to Crypto
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KMNO is up 100% and I think I found why:
— New CEO @WeiszM is focused on growing Kamino's FDV, his compensation package is aligned to unlock based on market cap milestones starting at $1B up to $10B
— Will communicate to token holders in a manner close to that of a publicly listen company
— Hiring for 10 roles in the US
KMNO has a $244M circulating market cap and $640K fees last month
Buyers are starting to show up and its showing lots of relative strength against the rest of the market
I am a big believer in Kamino's execution, they have created markets that don't exist anywhere else in crypt
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KMNO+1.45%
So $PUMP needs to pump 60% to get to where it was just 12 days ago
✅ Held ICO support + 100D EMA
✅ $1M buybacks per day
✅ No changes to fundamentals
I bought from 0038 to .00414, will stop for now
You were FOMOing at .0067, now I see timeline silent about bidding tokens down 35%
I know it hurts to bid here but you do have to buy red candles sometimes, not just green
PUMP-1.60%
So $PUMP needs to pump 60% to to where it was just 12 days ago
✅ Held ICO support + 100D EMA
✅ $1M buybacks per day
✅ No changes to fundamentals
I bought from 0038 to .00414, will stop for now
You were FOMOing at .0067, now I see timeline silent about bidding tokens down 35%
I know it hurts to bid here but you do have to buy red candles sometimes, not just green
PUMP-1.60%
this too shall pass.
I've heard directly from people involved in quantum research that there's a big effort in protecting bitcoin from quantum risk
The AI trade will have corrections but will not blow up in the "its all over" sense. This is a war fought on compute, brain power and money and governments will bail out whoever they need to make sure they win the race. Currency debasement will continue to be the standard and Bitcoin is one of the obvious plays - once there's hope on quantum we will see far more money pour into BTC
prepare for it, but never doom!
post-image
BTC-1.70%
yes it is possible this was a false start to the bull run
just remember last cycle started with a fake tweet from coin telegraph and BTC still went from $16K to $126K
what matters is what price does, not what you think about it
BTC-1.70%
this is the most depressing, doomer weekend of the year by far
europe war escalation, iran, trump being retarded, france/italy downfall, ai dooming, market fears & all other stuff
its like we're experiencing the downfall of a society on stream, and there's nothing that can be done
do NOT let your mind dive into this doom loop
focus on you, your family wellbeing, be strong and keep working for a better future
we shall endure
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  • 1
you only need to get lucky once to retire
by lucky I mean finding the one, building a thesis, conviction, hold through the pain that is holding PNL swings that could retire your family multiple times and then press sell at the right time
survive till you find that
Solana is shit and overvalued but the best businesses from a P/E perspective are all on Solana
Why is that?
The Solana ecosystem is still incredibly undervalued and it will continue repricing upwards over time
Don't listen to FUD
h/t @xGremlin
SOL-1.50%
I have a theory that the more time an account spends arguing online the less money they make
Negativity draws negativity
Play the uplifting game, have more empathy, stop trying to act like a clown behind a screen and change the life of the people in front of you
Interesting solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn
News coming?
My bottom buys are looking good
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SOL-1.50%
PumpFun just launched perps powered by Hyperliquid
This will obviously be another tool for degens to play with, and also shows how Hyperliquid is a really strong infra play
For guys like me this is far more interesting to use vs memecoins so it will onboard a new category of users to the app
I ran up a perp account from $50K to $92K a few weeks ago so might do it in public and see if I can do it again
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HYPE-1.83%
i've preached this so much over the years
if you are a trader, follow traders
if you are an investor, follow investors
following the complete opposite is how you ruin yourself
the lack of bounce after this bloodbath is not encouraging
expecting relief today because otherwise we're going sub $80K
watching tradfi people crashout with the SPY/Q being just 2% off ATH is further proof of how they have been carried like babies for years and years and we haven't really seen real shitstorms since the rate hike cycle of 2022
meanwhile, CT is used to those and I think we'll navigate anything that comes much better
for now, i bought PUMP for a bounce (spot), its down 36% from local highs and its close enough to the ICO level for me to punt
been ignoring everyone else and execu
PUMP-1.60%
Been very good at preventing downside but really bad at maximizing upside
How to get better?
$40M OF $PUMP UNLOCKS TODAY TO TEAM AND INVESTORS
Should you worry? No
Pumpfun hit $65M revenue in the last 30 days, half of that ($32.5M) goes into buybacks
In net terms, we'll have only $7.5M of PUMP enter the market
I doubt more than 30% is sold on the day, so I expect a maximum of $2M of sell pressure tomorrow
For context, $7.5M is:
> 3% of last 24 hours trading volume
> 0,32% of market cap
Assuming current levels, that means a 3.91% inflation rate per year
If you see anyone fudding the unlocks show them this
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PUMP-1.60%
2 days of red and crickets on CT
you need to stop the leverage, stop the memecoin trading
look inside, fix what's wrong with you
and get back into the market to win
CT-12.84%
MEME+0.12%