Since the entire TL is arguing SOL v ETH. I would like to give my personal opinion on this, along with the reason as to why Binance is listing all these coins on SOL. Objectively, the money and meme volume has been on Solana since the beginning of this cycle 1/x
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hello world!
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vitlek retweeted
People continue to systematically underestimate the shift the market has undergone as a result of the creation of DATs. DATs bring a whole new flow of capital into the market, rendering retail participants inconsequential. This is why crypto markets have had a strong correlation with the Nasdaq Index - it’s the same market participants. This means the market won’t move how you expect it to, and your intuition is only relevant to a certain extent. Only those who are pragmatic enough will survive in this new environment - this is why, despite majors hitting ATHs, we see a lack of onchain activity.
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vitlek retweeted
I’m down $200k - 20% of my million-dollar investment in $USELESS. I want to make it clear that I still stand by my position on the Bonk ecosystem, specifically with regards to $USELESS. We’ve already seen a dip to $215M, followed by a recovery back to $360M. I believe this will happen again, with the potential to surpass the $400M ATH. I’ve made it clear through ETH that I hold my positions. Why openly share your conviction in a token only to sell it a week later? Sadly, too many influencers in this space are doing exactly that. Even well-known, reputable figures are shilling coins only to dump them three days after closing their positions. This cycle, on a large scale, has lowered the overall quality of the space. With Solana having moved above $200 with strength, we might begin to see a new form of onchain season, with $USELESS and $BONK eco as its main runner.
Earlier today I finished accumulating a $1m position in $USELESS to add to my $BONK eco exposure. I typically do not trade memecoins or low caps, but this is an exception for me. I have been observing Bonk and its ecosystem for the past few months, and it is evident to me that they operate on a higher level to the rest of its competitors, and will, in the long run, dominate. There are very few competent teams in the Solana space, and Bonk is one of them. I will continue to grow my exposure to the ecosystem, and try to support them in any way I can.
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vitlek retweeted
How I Made My First 1.5 Million Dollars in Four Months and Then Almost Lost Every Cent It’s 2017, I’m a broke college student working at Starbucks, worried about paying off student loans. I’m not sure what I’m going to do after university: school is boring, but I don’t want to make lattes for the rest of my life. Because I have to work, my grades are tanking, my family is upset, and everyone thinks I’ll be nothing. Broke, worried, and desperate, I decided I needed a way to escape. Early 2017, Bitcoin is worth 1,000 USD. It’s gaining some traction, but most people immediately label it a scam. With promises of quick money and no other solution, I started tracking the chart. Fast forward a few months and Bitcoin has doubled in price, hitting 2,000 USD. FOMO hits hard, so I scrape together my ten-thousand-dollar net worth from my savings and decide this is my escape. Bitcoin gave me something I didn’t have anywhere else in my life: hope. Young, dumb, and broke me at the time didn’t think of “risk management” or the consequences. With minimal knowledge, big balls, and hope, I took a risk: long BTC, 20x leverage, ten thousand dollars. At the time, I was only hoping to make at most double my investment, but my perspective quickly changed. By December that year, my almost five-Bitcoin position is worth 1.5 MILLION dollars. I still remember the feeling of closing that trade—it was like buying my future. In that moment, I decided, fuck Starbucks, I’m going all in on this opportunity. I felt invincible, untouchable, and unsurprisingly, this is where things went wrong for me. By this point, Bitcoin had dropped down to 12k. I naively thought I would quickly catch the dip and make 8 figures. I was inexperienced; I didn’t know the risks of leverage on the downfall. I only knew the upside. I watched my 1.5-million-dollar portfolio turn into 300k in a week. I had no job, no support, I had dropped out of college, and I was down 1.2 million dollars. I had to close the trade. Most people would’ve stopped at this point, but I didn’t. I reflected, I sharpened my emotions, and waited until what felt like the perfect time. To make a long story short, I bought in at 3k. I risked 300k, my future, and my family’s hopes in one trade. Less than a year later, I bought my family a house and owned an AP. Trading is brutal, 99% of people lose, but most people stop before they win. I could’ve easily become another statistic - but I refused to accept that. Before I was in the one percent I believed I was the one percent and that’s what kept my trading during my lowest moments.
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vitlek retweeted
The next major bear market is not happening any time soon, despite what everyone likes to tell you on Twitter. Nonetheless, markets will face a significant correction once TradFi becomes fully integrated into crypto and starts buying everything there is to buy. The average person consistently misses the pumps because of emotional responses. The average person also consistently misses the dumps because of emotional responses. At the end of this, there will be some who emerge with 100s of billions, and many with nothing to show for the last decade.
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vitlek retweeted
With less than a month until the official launch, I wanted to make it clear how I feel about Plasma. Plasma has interested me from the getgo - zero fees, quick transaction speed, and a Tron alternative for stablecoin transactions. Despite the high demand in the pre-sale I managed to make a sizable position. My investment represents not only my belief in the platform but in the team running Plasma. I strongly feel that considering CEO ​​Paul Faecks’s involvement, Plasma is certain to succeed. Paul has a lot of experience dealing with Banks and large companies in and outside of crypto. He understands how to scale a tech company and I know that Plasma will not be an exception. Since BTC has hit 100k, crypto has seen more publicity than ever. Ordinary people are getting involved with perps trading and meme- coins. Stablecoins are growing their client base exponentially with USDT having increased its market cap by nearly 40 billion in the last 8 months. This growth in addition to the timing of Plasma makes it clear to me that there will be a new centre for all USDT transactions. Combine this growth with the Trump admin as well as the stablecoin bill and it’s clear that platforms like Plasma will gain significant traction and become the new norm for stable coin transactions.
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Why are ppl doing bullrun predictions as if it hasnt started yet…
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Top of ai
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Didnt @owen1v9 shill you $pnut and $neiro at the pico top?
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btw the claim isnt broken, they just want to sell before you lol. 15m sold so far. $pengu
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vitlek retweeted
A wallet connected to the Pudgy Penguin Multisig (which received tokens extremely early) has dumped over 88M PENGU onchain, and has sent additionally sent more to exchanges. We are not making any accusations as this could be a market maker and implore the community to research further. Wallet: AqUbfP7RjgTgP95mufq22my94RCBrqBt6VdNjhS6CHwC
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alright so let me get this straight. everyone on the TL posted about how pudgy was the next big thing and all, hype v2 type shi. but ig team wasnt rich enough, as this was just a liquidity event for them (theyve sold 15m so far, but your favorite kol wont tell you that)
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so the team is casually dumping 15m? nice $pengu
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Is perma hype top in?
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Elon is our KOL
Elon tweeted that 'DOGE is inevitable' today then he retweeted a meme posted by the official Department of Government Efficiency / $DOGE memecoin account twenty minutes after guess who has been screaming to y'all from the rooftops about the Department of Government Efficiency memecoin for months now? BONK GUY!
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Btw, for everyone following/copy trading @grandfnf wallets, specifically @FlippingProfits, they are farming you for 100s of thousands daily. As an example, today they farmed $1.5m from side wallets from copy traders. Stay safe.
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vitlek retweeted
keep vitalik away from his computer at all costs before he makes another stupid tweet about eth L2s and transfers 10,000 eth to kraken
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