Hunting for cheap entries? $BOME looks interesting here
Basing for half a year, approaching downtrend diagonal. Invalidation close https://t.co/k38BpYNmBw
Hunting for cheap entries? $BOME looks interesting here
Basing for half a year, approaching downtrend diagonal. Invalidation close https://t.co/k38BpYNmBw
the question was "what trades were inflection points in your career?"
for me, that means it completely changed the trajectory of my life
i caught bome with size at $20m and just held it for 3 days. comfiest hold of my life, made really good money selling between $700m - $1b+.
now that i suddenly had all this extra money onchain, i was excited about the next thing, without thinking about it much
starting puting in a few grand, then 10k, then 100k, then more and more, didnt realize my input until it was too late
this taught me the importance of stepping away after a major win, resetting your mind, and coming back fresh
Minh reveals the trade that changed his life
the first inflection point was my bome trade. bome was a memecoin that launched at a $20m market cap around 1am pst by one of my favorite artists, darkfarms.
i rode that thing for, i think, three days. it went from $20m to around $700m and then $1.2b
it was just a straight line. it was a perfect chart. it was the most fun and easiest hold of my life.
but that trade changed my life because immediately after i made a lot of money from it, i put all of it into a crypto game and lost everything.
I tend to think it's not a failure; in fact, after collective greed the market does pull back, and after collective fear it does rebound.
The issue lies in the trend: the larger the trend, the greater the inertia of sentiment. A pullback occurs during an uptrend only when there is strong FOMO, and a rebound occurs during a downtrend only when there is intense panic.
One can refer to the crypto space from a few years ago and the AI stocks over the past year.
After the rapid rise of $BOME in the crypto space, there hasn't been such an overall upward trend, especially last year. However, the previous downtrend only rebounded after strong panic. (Although I think the indicator is relatively simple ➤ Regarding Yi's boss, ending the tiger‑driving, wolf‑devouring.)
Warren Buffett's adage "when others are fearful I am greedy, when others are greedy I am fearful" seems to no longer hold.
The current version, in line with Bayes' theorem,
has become "when others are greedy I am even greedier, when others are fearful I am even more fearful."