The rise and rise of a new science, yolonomics and pumpementals.
Here it is, the 25th 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 Bitcoin Maxi’s getting into an eth fundraise, while degen finance is growing thanks to pumpementals and yolonomics.
The Fall of Maxi’s
Bitcoin Maxi’s do not mess with shitcoins, sometimes I think rightfully so, however we have seen many cross over to the darkside tempted by financial gain.
There is a solid argument stating bitcoin maxi’s encourage maxi behavior to pump their bags, hard to argue when you see them promote an ICO.
Another fallen hero. I regret subscribing to @CasaHODL, and will stop using their service immediately.— Thibaud Maréchal (@thibm_) August 25, 2020
Trust is hard to get, but so easy to lose in #bitcoin
Incentive misalignment is deadly, and as a user I can’t trust that the CTO is reliable being involved in such projects. https://t.co/KF5UEcU8bo
At the end of the day we can all act like we fundamentally want the world to be a better place, but greed is the downfall of man.
Sometimes I wonder, remember when crypto was about banking the unbanked?
The Holy Grail of Degen Finance
Tendies, the holy grail of degen finance is making waves. The team is hard at work to drop the Mommy DAO and to initiate the farming of Good Boy Points.
Tendies in essence is the supreme asset within degen finance, you are not part of this movement if you are not in. With GBP farming coming out soon this will be a great incentive to get involved.
You need to remember the value of scarcity, beyond that the mommy dao will give full control to the community, allowing us governance over how the network runs.
Remember when $DOGE and $LINK where just memes. With more and more daily support and tech updates, what are you waiting for? Get involved now before you fomo in at $5.
Remember YFI and how you missed that?
Well here is your chance, introducing, Based.money
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The greatest monetary experiment of our lifetime.
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Don’t understand rebases, you don’t need to, get based.money and get based.
In a twist of events, we had the Internationally Monetary Fund, shill crypto.
XRP Army got excited for this one.
Hahaha the IMF is now making videos about crypto 😂 https://t.co/od7WaDFuyG— The Moon 🌙 (@TheMoonCarl) August 24, 2020
From day 1 we told you, eventually they will all get into crypto, its not a matter of if, rather when. We are still early so get in before it’s too late.
We saw a mini correction and everything is back up.
Buy coins that have not pumped is still key but getting harder to find, it seems the best plays right now are those surrounding the polkadot ecosystem.
Dips are for buying, don’t get cucked.
A huge part of my profits for the past few weeks came from buying the trend before it even became a trend— Dark Crypto Lady (@DarkCryptoLord) August 25, 2020
My bro @lovohz told me back in June to accumulate all Polkadot coins and it worked out well
Now, the next trend (we believe) is the Race between CEXs to list DOT coins
There is a lot of alpha in that tweet, don’t be scared, get in before it’s common knowledge, take a chance, it’s part of the fun.
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.