$ETH Community recent content: On July 15, ETH 1930–1960 shorted to prepare and laid in a watch for the downside. By today, the profit is already $100+
$LAB learn from hard experience and become wiser; from now on, when doing any counterfeit, against any counterfeit, you have to “de-illusion” it. After making a few trades, you start to think you’re a trader—thinking you can control the market, that you can see through everything. Then you look back: crypto as a product is itself built from consensus. The biggest consensus in the market is that besides BTC, all other assets have Ponzi-like financial attributes. When you take the baton, you’re essentially betting that you won’t be the last person holding the bag—the one who isn’t the buyer. Back to lab: it dropped from around $16 to about $9. Blinded by victory, I only saw the small trend and missed the big trend. Then around $8, I added more on the way down, raising my average cost to $4. In the end, I stopped out. A profitable trade turned into profit giving back—and turning into a loss. The biggest reason was that I underestimated the scale at which the project team would dump, and overestimated my own understanding. For judging these kinds of altcoins, over the past two days I thought it over again: previously, all the similar lab-like targets—rave, siren, and others—went through ups and downs, but in the end the conclusion was always the same: they harvested those believers who had faith. When these get smashed by traders with conviction, they get crushed all the way to a “soft zero.”
$EDEN The community's ambush has held out for a few days—these fake ones have finally started coming out with some profits. Let's see how high they can fly.
$PLAY This afternoon at 18:20 called everyone to lie in ambush together. The profit is still pretty good—let the bullets fly a bit longer. We’re continuing to fight the dog-operators.
$RE Let's keep the hype train rolling and dip our toes in. No matter what coin it is, every one has its moment in the spotlight, but considering it's a shitcoin, I reckon its peak moment is when it hits the secondary market, and after that, it’s just a steady downtrend.
The $GWEI call before the stream was also a play from the community. I'll admit, hitting the 0.098 mark had a bit of luck involved; I missed a 0 in my text. We're diving into the altcoins that others are too scared to touch, buying when no one else dares. Let's see when we wake up if we're riding high or just treading water.