trench shitter update: capitulated and got a small bag of troll. thesis is straightforward: 1) i've been on the internet for an eternity, and as a youngster it was my favorite foundational early forum-culture meme (pre-reddit). 2) the only reason i've faded it is the same reason many faded the current pepe coin that ran to 10b -- a million troll coins have been deployed and rugged within seconds-hours-days. this one finally appears to be the one that will survive and thrive. i don't know if this coin will rip to 10b (the "haha pepe fractal" comparison is a worn-out psyop at this point), but it has a mt rushmore spot in foundational internet meme history, and am targeting 500m-1b. cutting position at 60m if it retraces in absence of broader market weakness.

bottom ticked it They tried to stop me, and in fact They're still coming for me for tweeting this, but i'll always be here for ct in times of urgent need, at the darkest hours of price action, no matter the danger involved if They get to me, just remember my name

calling btc bottomed here. source: plums short term edge backing this: none deletion speed if wrong: faster than light; hands will hit the keyboard so fast my fingernails will shatter why: because doug funnie said so

Liq trending up through fall, Rate cutting cycle available + likely, All onchain, technical, and social signals cold and never came close to flashing, even accounting for diminishing return trendlines. Worried about this dip as a macro top? Couldn’t be me.

rock-hard agree with this. i've also found similar benefits from trading in the trenches on a side wallet for fun/experimentation. once you get outside of "i'm buying this boring thing cheap, and i'm gonna sell it at market culmination many months, or potentially a year or three later" sort of "one trade in, one trade out" investing, and you get into trading-trading, there are two things: technical abilities, and harnessing your emotions. doing scalping or trenching aren't going to be a 1:1 overlap with HTF trading or swing trading levels, but they're going to give you an opportunity to do something super valuable: give you enough reps/feedback to learn to control your emotions, largely via getting your teeth kicked in whenever you trade emotionally, rather than calculatedly. the reason many people find trading so hard is because you need to do the *polar opposite* of everything your brain is wired to do. at range highs/resistance, and a natural spot to sell? the untrained mind sees a price that.. needed to pump to get there. no part of our psychology says "oh wow this thing is doing well, i should cut it here" and conversely, something dumps down to support: no part of our mind natively sees something doing poorly, and says "wow this thing is losing and doing bad, i want a piece of this!" unless you're some sort of psychotic robot, the only way to internalize this and action it reliably (against your base emotions) is reps and feedback. getting those reps and feedback both at scale is invaluable toward compartmentalizing base pre-programmed human instinct, even if the patterns between different timeframes and systems is different.

bob (wif/moodeng OG) is a good guy - aiming to steward the first capybara memecoin that doesn't rug within hours-days through the bull run, and i'm happy to stick my neck out in supporting him doing that. capybaras are cute and eminently memeable, but seem to be an animal of choice for serial ruggers. i don't think it's appropriate for me to say this is going to pump, encourage anyone to buy, or guess its price action given how volatile the chart of something this size is, but one thing is for sure: i pine for coins that do things low and slow and aren't just a frenzied trencher gc rush to figure out "which wallets are in" to pump, dump, and move on before the body is even cold. g'capy.

regarding pump, the token: my inner chartist says "wow that's a huge drawdown, there's gotta be a mean reversion or exit pump or dead cat bounce here to long, at minimum", or "yeah this cooled off post-launch, it's gonna round out and go up" but then i look at pump the product, qualitatively, and i see: 1) a product that, from a tech perspective, hasn't been a moat for many months 2) its marketshare got eaten (other launchpads are now 80%+ of the market, and if anything continue to eat at the margins 3) the product's culture is universally reviled, with its only supporters seeming to be either a) paid opps, or those that made their bed streaming on it, b) contrarians, c) the bold few trying a long publicly and quickly taking an L and with that in mind, i don't really see the rush to bid this, if ever. i'd want to see: 1) time capitulation + a curl up alongside a meaningful product or tokenomics announcement that seem like could get traction 2) unambiguous strength, unaided by internal money propping it up as a cynical short-term shoring up i have no qualms buying this token - i'm here to make money. as of right now, it looks like the disaster express has a good degree of inertia.

thought exercise: if we get a BTC pump in the short term (by late august) to somewhere in the ballpark of 130-140k, and a commensurate pump on alts, and things stall for a bit, do you sell that in anticipation of dip between then and a hypothetical q4 pump?

anon, your goal this cycle is to accrue as much capital as the market reasonably provides, before our careers get one-shot by AI

this is an incredibly dumb "eyeball test" / plum sensation exercise, but i feel like if we don't get any sort of immediate rollover in stock indices (s&p shown below in red), BTC is due for a classic SPROINGITY DOINGITY catch-up pump very soon. 80k BTC seller soaked up a lot of near-term buying power, but i feel like appetite will build back up.