degen chad 🎩🤫Ⓜ️
@degen-chad
I was wrong 1/2 A few nights ago I fired off calling a meme a rug and called out some big accounts for promoting it. I didn’t name them specifically in that cast, so I won’t do it here either. But you know who you are and you have my apology. Good game, and good luck with the meme. I’m honestly happy to say that I was wrong. I casted instinctively rather than doing any DD as I just didn’t want to see people getting hurt. I heard that the liquidity was unlocked, minter unrenounced, wallet clusters, etc. I wasn’t aware of who launched it, and 99% of the time, these setups get rugged. I’ll repeat, I’m happy to say I was wrong and I’ll try to do more verification if a similar situation arises. Having said this. It’s still not somewhere I would choose to put my money. If you missed what you thought was a good entry from my cast, I apologize for that as well. Don’t follow my advice on memes. What I can say is that I haven’t made 7 figures in crypto from memes as it’s not my game.
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degen chad 🎩🤫Ⓜ️
@degen-chad
2/2 I’ve had more success by investing in high fundamental/high utility, innovative projects with active development teams. I’m not trading all of my Moxie for a meme. I’m choosing to parlay it into Fan Tokens as they are currently yielding high triple digit APR and giving the added utility of increased Far Score. I know it’s the safer choice, and not a pure degen play, but that is just how I operate. Could there have been potential for synergy, yes, of course. But really only if it was a more pro moxie project, and I feel it was launched as the opposite of that. The part I take issue with is the mantra of sell all of your Moxie to buy the meme. I think it’s divisive, creates more tribalism on Farcaster and we really don’t need that. They are your earnings, you can do what you choose to do with them.
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↑ antaur ツ
@antaur.eth
no POVs on what people do with their money, but I will say this: selling Moxie for a meme ain't gonna build the more beautiful internet our hearts know is possible. Buying & locking fan-tokens is the best shot we have rn to make this farcaster flywheel spin /higher and /louder so more outsiders pay attention.
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degen chad 🎩🤫Ⓜ️
@degen-chad
Agree 100% Risk reward ratio isn’t there for me compared to fan tokens and moxie itself. Not endorsing the meme, just saying it’s not a blatant scam.
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↑ antaur ツ
@antaur.eth
$NEGED might be a good comparison: at one point it was 100x more valuable than now, whereas $DEGEN prolly max of 10x compared to now. Funnily enough I made a degen move, 2x'd in 1 hour and bought more of a token I hold long-term with conviction: @louder Wouldn't have slept well that night if I had stayed in.
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