thoughts on this shitcoin?

[chudlite]

@PsychoDsk @RICHCELDOM @noodlelover

 

[Peter Steele]

View attachment 3299341
@PsychoDsk @RICHCELDOM @noodlelover

Solana

 

[chudlite]

Solana

solana is good but it wont 10x

 

[RICHCELDOM]

I don't buy sol memes

 

[noodlelover]

I have no proven way of modeling which shitcoins will be successful, so don't invest in assets without fundamental value.

But if I were to analyze meme coins looking at patterns of which ones succeed:

https://coinmarketcap.com/view/memes/

All the top ones are animals that are common in children's stories, and that most humans find cute, at least in cartoon depiction form.

So already this coin fails. It's also not being promoted by some one ultra famous, that has strong influence on their followers, such as Elon Musk.

There's also not enough volume in that coin to buy any of any substantial amount without significantly moving the price.

 

[chudlite]

I don't buy sol memes

I have no proven way of modeling which shitcoins will be successful, so don't invest in assets without fundamental value.

But if I were to analyze meme coins looking at patterns of which ones succeed:

https://coinmarketcap.com/view/memes/

All the top ones are animals that are common in children's stories, and that most humans find cute, at least in cartoon depiction form.

So already this coin fails. It's also not being promoted by some one ultra famous, that has strong influence on their followers, such as Elon Musk.

There's also not enough volume in that coin to buy any of any substantial amount without significantly moving the price.

its pumping bruh i found it at .06% now its up 24%

 

[RICHCELDOM]

its pumping bruh i found it at .06% now its up 24%

24% is nothing too significant on such small caps it can go 0 in seconds

 

[chudlite]

24% is nothing too significant on such small caps it can go 0 in seconds

im pretty sure someones pumping it or something it went up to 33% right now

 

[RICHCELDOM]

im pretty sure someones pumping it or something it went up to 33% right now

typical yep

 

[noodlelover]

im pretty sure someones pumping it or something it went up to 33% right now

It could be wash trading, or it could be "pumping" just because some one's buying. No guarantee that there would be a buyer when you want to sell.

You could make money or loose money, but unless I at least had some back tested strategy, with a known percentage win rate and Sharpe ratio, I personally wouldn't invest.

Then again some people like gambling.

 

[chudlite]

It could be wash trading, or it could be "pumping" just because some one's buying. No guarantee that there would be a buyer when you want to sell.

You could make money or loose money, but unless I at least had some back tested strategy, with a known percentage win rate and Sharpe ratio, I personally wouldn't invest.

Then again some people like gambling.

it just dump LOL reached like 38% and dumped

 

[piec]

I have no proven way of modeling which shitcoins will be successful, so don't invest in assets without fundamental value.

But if I were to analyze meme coins looking at patterns of which ones succeed:

you have no proven way of knowing if anything will be sucesful, u think someone cares about some goofy eth utility shit. it will never be used in hospitals or whatever the fuck. its stuck in one place like a cuck because its only an illusion of utility to calm holders

All the top ones are animals that are common in children's stories, and that most humans find cute, at least in cartoon depiction form.


So already this coin fails. It's also not being promoted by some one ultra famous, that has strong influence on their followers, such as Elon Musk.

There's also not enough volume in that coin to buy any of any substantial amount without significantly moving the price.

just lol at this analysis. if u try to apply it u will go to 0. there is no analysis. u want to make money off of memes u need to be locked the fuck in 24/7 in the market and practice or u will fail

 

[PsychoDsk]

it just dump LOL reached like 38% and dumped

don't gamble on solana
it's all shitcoins and rugs
only buy convictions that have been building for months

 

[piec]

You could make money or loose money, but unless I at least had some back tested strategy, with a known percentage win rate and Sharpe ratio, I personally wouldn't invest.

the same goofy strategy on other investments you can develop on shitcoins and it will probably be even more usefull if you have high social intelligence

 

[noodlelover]

the same goofy strategy on other investments you can develop on shitcoins and it will probably be even more usefull if you have high social intelligence

Sure. I'm not saying it's impossible, only that I haven't put any work into it, so I have no idea what is likely to do well.

I just know that generally "It's going up" and "it's been going up" are shit strategies, and shit was of predicting any investment.

I'm not interested in shit coins and short time horizon investments because of how taxes are owed in my country (U.S.A), even if you "win" you're likely to still loose in the long run after calculating taxes, in the U.S, and trades where you loose all or most of your capital which will happen in shitcoins from time to time.

I'm not making prescriptions on what other people should do with their money.