The #meme_coin pump is a signal of potential what crypto markets could be , IF we had real corporate crypto coins with real profit distribution !!!

Its altcoin wave again.

Altcoins pump from the huge pump of the main crypto coins.

There are automatic bots that balance out BTC. When $eth or $BTC pumps then bots have to rebalance and therfore buy what people have on their bot purchase list. This is why the alt coin pumps start. Then the emotional FOMO starts. We are now in the FOMO markets.

Autumn 2024 altcoin started from the $DOGE meme, when Elon Musk was promised a government position in the USA. Elon is Doge memer !

The Doge meme is like a 30 billion gambling bet of people. Larger than many actual corporations with real money profits.

Its a market of who buys and sells first. #FOMO and despair of loosing it all. When the meme coins go low hard for week, the market will turn on emotional stress. Hope and fear cycle loop.

It is only possible , because crypto markets want something for investment and there is a lack of proper gambling options.

We should be able to bet on football teams or events. BUT instead people bet on meme coins.

$PEPE is another scarry candidate . it just Pumped like 100% in two days for no apperent reason, other than the expectations of the pump. It broke the sell walls and sky is the limit.

Usually people chicken out after 500% gain. Then the initial buyers will start to sell and we will get an altcoin down wave. Its pure emotional market to study human emotional patterns of hope and fear.

Again there are no fundamentals. once maybe companies will have company coins with profit share then we may see he end of meme coins.

The issue is that the meme coins are global, and the stocks are not. some kid in any point of the world can invest into a meme coin.

Meanwhile NVIDIA is Mo-Fry. market , where first world countries gamble.

The #meme_coin pump is a signal of potential what #crypto markets could be , IF we had real corporate crypto coins with real profit distribution !!!

--: Trading Advice for September :--

$BTC September month is usually a red loss month, in the historic performance of Bitcoin , stocks and financial assets.

Why ?
Its a back to work, back to school month.

People have business expenses , Operations expenses , administration expenses. Hiring , spending on supplies, etc..

Well , somebody will get those expenses as income and buy Bitcoin in October + November.

Then we repeat the holiday cycle in second half of December 😁😅😀🙏

Huge BUT , if the #FED or other central banks lower borrowing rates, degen Investors will borrow, make structured margin package with price limits, then buy Bitcoin on leverage with covered stop loss options , etc...

Basically , BTC will dip a bit 3-20%, BUT if the FED lowers interest rates the traders will gobble up the dip.

IF the volatility is low and we slide sideways. Then there will be a dip at the end of that slide, when people get spooky. Buy there, if you must. Its usually a 2 step dip and then step pump like there is no going back. Sometimes the dip and pump will occur is September and the month is net zero or similar.

Basically its a waiting for the drop and buy month. IF I am correct. Its not a pump and crazy month. Then again watch the FED and large financial funds, they know when the FED will pump the market.

Financial funds are sitting on the cash , they are friends with the FED. They are just waiting for the signal to start pumping their preferred asset. They sold Apple and Nvidia to prepare cash , they know they will invest it in something , otherwise they would not sell and pay tax.

No panic sells or panic buys please !
Those are for November 😃😆😀😅😁

Think for YOURSELF !

I do like tips, good comments and meme coin toss in the wallet. Drop those at my profile , IF you found value in my writing.

#SOFR_Spike IF true and meaningful, the uSD would go up in value.

or international dolla settlements would go down on shortage.

#DePINs 🛜🛜🛜📶💰🕸️🌐📡🤖
Could make everyone with a WIFI to become a cell phone tower.

Android phones have the function to make a call from WIFI, instead of 5G or 4G phone cell tower. Cellphone companies like that , because it saves them money. Users like that because the WIFI is faster for video calls.

Whoever figures out how to sell #distributed #WIFI as a common cell phone #network will make a billion.

#Tech on the phones is ready for that. Internet access companies use that to allow customers to make WFI calls , BUT they do not allow everyone to call from Your wifi.

So there needs to be a virtual phone company that gives money to WiFI owners and takes money from phone users that can access any virtual network WIFI automatically.

That virtual phone company would not own any cell towers, nor hardware. just be a middle man between phone users and WIFI owners.

That is one major example in #DEPIN #decentralization of services.

Basically the service provider does not own any hardware and the hardware people are paid to own and service hardware , when people use it through the DEPIN service. Same as cell phone antenna operators , but with WIFI that people have in homes.

AdDddd YOUR ideas in the comments !

#AirdropGuide

🌬️💨💧🎈🎈🎈🔮🔴💰🤑🤑🤑

Airdrops explainer for the noobs.

Crypto airdrops are mostly gifts. You can declare them as gifts in taxes.

Usually Airdrops are maid in worthless tokens , or points or some very small amount of money.

+ They may be incentive gifts from bag holders of some crypto coin or token. You get airdrop, the token creator sells the token , while you hold it to get airdrop. usuall scam to trick people into buying some token that promised airdrops.

+ They may be rebates of some digital service , where rebaits are paid airdrops.

+ They may be voting rights in some platfrom or digital community.

+ They may be incentive points for people who feel more rich with some worthless tokens in a game or digital platform. Like the likes for women in underwear on Instagram.

+ Airdrops could be dividents, in which case they are capital gains in terms of taxes.

+ Likes are airdrops from social media, but you can not trade them. Only use them to boost post visibility on the platform. How does one declare YouTube likes in tax calculation ???

in conclusion : most airdrops are worthless , but they could be a useful tool for distribution of voting rights for users or customers or stock crypto stock holders, like the voting reminder mail paper you get in democratic countries.

💦💧💧💧💧💧💨💨💨🌬️

$BTC Why did Bitcoin drop in price ?

💥⚡💰🤑🤮🤮🤮📉↘️🔥🔥🔥

Top 5 reasons :

+ Summer vacations. People lock in profits. usually buy back in Sep to Dec.

+ EU banned unlicenced stable coins , effective on 1. July 2024. USDC got first license. Tether did not, BUT most the volume was in tether, so people will shift to USDC , and they need to sell and buy. IF true, BTC will bounce.

+ Somebody is liquidating large amount.

+ Miners may lock in profits to buy new equipment for AI computing services, because they want a transition to that now.

+ FOMO from weak hand that trade Bitcoin , instead of trading 10-20 loaned coin, with Bitcoin as the security deposit.

+ Avalanche FOMO sales + automatic stop loss liquidations.

+ Algos trading rebalancing trades to cover losses in other coins that dropped more than Bitcoin.

I assume low volatility and price stagnation after the sell off.

Remember : Central banks did communicate money printing with cheap loans will resume soon !!!

ADD YOuR reasons in the comments.

Financial Advice to PEPE holders !

$PEPE looks like a nice bubble now.

Easy to expect 20%-40% drop of price.

Pepe meme had almost 13X increase this year. Who would have imagined that memes can be financial assets.

My feel is that meme coins have mob dynamics. Hyper on the upside. Denial on the downside.

We will have many more meme coins that are based on Internet culture. Pepe frog or shiba dog are just cultural fashion now. Early tech adopters that are first, but not last , nor most popular possible !

Superman meme coin or some Godzilla meme coin would be based on film ideas.

EU Football season will have real sport teams with their meme coins this year. Sport teams are bigger memes than anime !

I see PEPE as sports game card with famous cartoon and degen hype. I do participate in the merket.

I would prefer Vegeta 9000 or Goku or One Punch man over pepe as a meme cherecter, when we had to select who would win the cartoon meme fight.

There is definitely a market for anime culture memes , same as pokemon trading card market or football game card market.

Lucky pepe bag holder People take 50% profits ! Put them into BTC or into the 50% BTC & 50% PEPE rebalancing bot , IF you really beleave into pepe and still want to hold pepe.

Would you bet on PEPE or on Bitcoin in 5 years, so that you can sell some and pay for monthly expenses in that future ?

#write2earn #bubble #pepe #profit #advice

$FTM dumps on money flow metrics. Here is the screenshot from the trading data tab, for those who never click it : #write2earn

Uptober materialized !

Interesting how price moves follow the calender and historical price patterns.

Ether it is the earn patterns of people or central banks create extra money in patterns !

GlassNode has a good tool for this data signal

Coinglass.com/today

#bitcoin #BTC #uptober $BTC #Write2Earn‬