👾 Chasing bubbles
Joined July 2013
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Today $CASHCAT hit ATH at $235M
my best conviction trade this year. Up 5 figs
and I hope at least some of you rode this journey with me
the whole thesis is still on the timeline:
1. Sub $42M - took my hero long
x.com/redlineMeta/status/208…
2. Shorts gonna be liquidated
x.com/redlineMeta/status/208…
3. Retracement came - dips are for buying
x.com/redlineMeta/status/209…
4. Holder count kept growing - hands were rotating
x.com/redlineMeta/status/209…
didn't catch every move perfectly and definitely made mistakes along the way
but that's the point of conviction plays
you don't need to predict every candle when your thesis keeps playing out
GG
Positioned myself into $CASHCAT in the 36-42M range
As I previously mentioned, I still believe it has a chance even in the current market conditions (check $BTC).
Key points for me:
- 36-42M was the holder rotation zone. Holder count increased from 31k to 37.6k in around two weeks.
- Network TVL is growing. When Cashcat peaked TVL in the network was around $125 000 000. Now it is almost $400 000 000.
- New runners have started to retrace. Where will those funds and attention might go?
- Everyone is still trying to compare all tokens to $CASHCAT. It's still the meta
So I hope this ages well
We'll see
.@TheIndexFi intern somehow found time in his busy schedule to hit the repost button
Truly impressive work!
Timing and asset selection are everything
$PONS is up 28% over the last 24 hours
if you positioned yourself wisely over the past few weeks you can just chill and enjoy the ride
feels like it's only a matter of time before it full sends
Can't say the market is brutal but it's definitely in a cooling down phase right now
$BTC is fluctuating below $80k, and I still think nothing critical has happened while CT has already started gravedancing
for me that's just another opportunity to DCA into my portfolio - majors (bitcoin, ethereum) and RH ecosystem bets
Can't say the market is brutal but it's definitely in a cooling down phase right now
$BTC is fluctuating below $80k, and I still think nothing critical has happened while CT has already started gravedancing
for me that's just another opportunity to DCA into my portfolio - majors (bitcoin, ethereum) and RH ecosystem bets
Was just checking Robinhood and $PONS stats. It looks like the bottom might be in
the number of daily token launches has dropped back to August levels and I doubt it'll go much lower
meanwhile the network's TVL just hit another ATH at $1.13B
DEX volume is still twice as high as it was in early August fluctuating around $1B daily
feels like it's only a matter of time before the next wave hits
You can join the "FUD clan", keep blaming the entire ecosystem and sell your bags on the dip
or you can go against the narrative CT is trying to push on you
it's not easy but learning to think independently will make you a better trader
your own opinion > anyone else opinion
While FUD posters are trying to convince everyone that Robinhood is dead, I've been adding to my $CASHCAT position over the weekend
the Robinhood ecosystem looks much healthier than they're trying to make you believe
TVL - keeps growing
DEX volume - looks like it has bottomed out and started to stabilize
historically setups like this can lead to holder rotation and another wave of growth once liquidity starts flowing again
as I said earlier I'll continue building my positions
we'll see how it ages
Almost a week of chilling away from the markets
from time to time just watching everything bleed
if you have solid tokens in your portfolio - no reason to panic
but if you're holding pure gamble tokens 99% of them won't recover
that's why choosing what to hold (!) matters
lesson in that
I've seen this before
this was almost the same situation when I was building my $CASHCAT position (~$40M) at the end of July
DEX volume on Robinhood chain was falling
meanwhile TVL kept growing
if you still believe in the eco, it might be the perfect time to start building your positions
only top plays, no low caps
we'll see how it ages
Market difficulty changes depending on the phase
from ultra easy to absolute hell
as a rational investor you should always consider rotating some of your profits into $BTC
made a lot on memes? Buy Bitcoin
made money on alts? Buy Bitcoin
at the end of the day it's still the #1 cryptocurrency and moving some capital from high-risk plays into lower-risk assets is never a bad idea
bitcoin is still not risk-free, obviously
but for now?
enjoy the bullrun vibes
