SPX6900 fell from a high of $2 to around $0.36, a drawdown of over 80%, and timelines are still full of people chanting “DCA every day” and “stop trading, believe in something.”
I have nothing against faith, but first, look at who’s preaching it. Murad is the loudest voice behind this coin, and a roundup of news on X says his position is sitting on more than $60 million in unrealized losses. When a whale down tens of millions keeps telling you not to trade, not to look at charts, and to dollar-cost average every day, do you think he’s showing you the way—or does he need your buying pressure?
That guy who buys $1,000 worth every day for 495 days straight is worshipped by the community like a totem. He can afford to buy—that’s his business. If you follow his example with your paycheck, you’re paying tuition for someone else’s faith.
Don’t take claims like “the price action is exactly like early BTC” too seriously, either. Back in BTC’s early days, there wasn’t a KOL with tens of millions in unrealized losses constantly shilling it.
A market cap just over $300 million, and a bunch of accounts with the same string of emojis after their names liking and reposting one another—that’s an echo chamber, not consensus. Hold it if you want; set your own position size. Don’t dress up “not looking at the charts” as discipline.
#SPX6900 #meme
I have nothing against faith, but first, look at who’s preaching it. Murad is the loudest voice behind this coin, and a roundup of news on X says his position is sitting on more than $60 million in unrealized losses. When a whale down tens of millions keeps telling you not to trade, not to look at charts, and to dollar-cost average every day, do you think he’s showing you the way—or does he need your buying pressure?
That guy who buys $1,000 worth every day for 495 days straight is worshipped by the community like a totem. He can afford to buy—that’s his business. If you follow his example with your paycheck, you’re paying tuition for someone else’s faith.
Don’t take claims like “the price action is exactly like early BTC” too seriously, either. Back in BTC’s early days, there wasn’t a KOL with tens of millions in unrealized losses constantly shilling it.
A market cap just over $300 million, and a bunch of accounts with the same string of emojis after their names liking and reposting one another—that’s an echo chamber, not consensus. Hold it if you want; set your own position size. Don’t dress up “not looking at the charts” as discipline.
#SPX6900 #meme