Food is the new gold, yams, sushi, kimchi, tendies… what’s next?
Here it is, the 26th edition of The FUD, where I talk about the biggest FUD of the week. I help clarify events that crypto twitter decides to escalate. Leggo.
This week we had an explosion of food related farms, yes food is the new gold. More exciting than all of this is getting based, the rise of the memes has become unstoppable, no more investing, we are now professional gamblers. Sexy no??
The Rise of Food
An interesting new trend, food. Tendies, Yams, Porkchops, Kimchi, Sushi; they just keep popping up. But with 1,000,000% APY who is complaining? I know I’m not.
Now I know what your thinking, anything too good to be true, isn’t. Well you are right, the reason for the high returns is to get people in, it’s a growth hack, once people enter the rates drop drastically, in saying that there are crazy returns to be made.
Meme token factory:— Camila Russo (@CamiRusso) September 2, 2020
😻pick an emoji
🦄put token on uniswap
📈degens push up price
🤑UI screams “1,000,000% APY”
🧑🌾farmers fomo in
👋early farmers dump coins
🌾bag holders cry & move to next farm
At the end of the day get your returns and GTFO.
It’s all part of the game, part of this mind boggling financial experiment, enjoy it, being cynical won’t get you far, nor will being a sheep. Be daring, be different and always trust your instincts.
The Win of Decentralisation
Based. That is all…
Based is basically a decentralized Ampleforth. No surprise, it’s winning the race, i believe it will flip AMPL soon and the result will be the first fork to overtake the original.
Why? well a decentralized project incentivizes the community to be emotionally invested rather than creating wealth for the founders. Community is everything and if the community decides it’s worth more then don’t be surprised when it’s worth more.
The whole community is shilling, all the influencers are, and for a change, no one was paid to do so, this is how things go viral, you are witnessing the birth of a new economy.
I am a big fan of Bitlord and his shenanigans, he was one of the first people that i followed down this rabbit hole.
So people always ask why he posts half the shit he posts and why most his calls are off.
It’s a troll that got outta hand now it can’t be stopped— Crypto Bitlord 🏝 (@Crypto_Bitlord) September 1, 2020
Well few get this..
Bitlord is persona, he is the god of trolling, you need to understand this, it’s entertainment, enjoy it, get triggered, do as you please, but understand that if you react you just got Bitlorded. (You are a verb now sir)
Justin Sun the Center of the Universe
Justswap got launched as tron moves into Defi.
Imagine being that self centered to name the “future” of “decentralized” finance after yourself. Is that not an oxymoron by definition??
If you believe this joker, boy do I have a ghost chain to sell you… https://t.co/yVLwFuSA25— kain.eth (@kaiynne) September 2, 2020
I always had reservations towards Kain after the havven play, but you know what, he’s a smart dude, and that tweet just put you in my good book, much respect sir, call it as it is.
So the market is correcting.
If this is shaking you out, you don’t belong here..
Damn some people did not pay attention to the Explain It To Your Wife trading system and now they gonna only get to see their kids every other weekend pic.twitter.com/NBIg4R5Mzz— KING CO฿IE (@CryptoCobain) September 3, 2020
People, in a bull market, dips are for buying, and again remember, don’t gamble with more than you can afford to lose.
Hope you all enjoyed the update, follow me @TheBitcoinaire and @MineDigital on twitter and medium to stay updated on The FUD and Whisky & Wicks. For the best rates in Australia guaranteed use Mine Digital. Mine Digital also has insured custody so don’t worry about your funds.
Please note this is not intended as financial advice. Always do your own research. The writer holds (and is biased towards) Bitcoin. The writer’s thoughts are his own and do not reflect those of Mine Digital.