degen chad 🎩🤫Ⓜ️ pfp
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 🎩🤫Ⓜ️ pfp
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.
12 replies
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Cristian 🎩 pfp
Cristian 🎩
@cristianisbased.eth
Memes always do what we least expect 😭😅 That was me with dogecoin in the early days... I thought it was such a shitcoin haha
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itslemon.eth pfp
itslemon.eth
@itslemon.eth
Memes are for some, whereas other projects are for others. We can all coexist.
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Icetoad 🎩 🍕 🎶 🐈 💚 pfp
Icetoad 🎩 🍕 🎶 🐈 💚
@icetoad.eth
Just curious how you ended up with the "degen" part of your name if you don't take highly risky chances once in awhile?
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YES2Crypto 🎩 🟪🟡 pfp
YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
I think it’s good to be wary. So many coins (particularly meme) are scams, rugs, hype or in general mid to long term losers. There’s much money to be gained by scamming people Part of it is also what you mentioned / repeating what you hear without due diligence. That also can scam people. I get the intent - you REALLY want to protect people. And I think everyone knows it
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Commstark 🎩🫂 pfp
Commstark 🎩🫂
@commstark
great take, sets a great example 250 $degen
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Breech 🎩🍖Ⓜ️ pfp
Breech 🎩🍖Ⓜ️
@breech
I'm with you dude, while I dabble in the meme game from time to time, I also wish they didn't exist. I remember in 2017 researching projects strictly for their utility, the changes they were trying to make, innovations in web3, etc etc, and now in 2021 - current we have this huge % of the entire liquidity in this space locked in dog tokens and other nonsense for people to gamble on. I hoped 2021 was an outlier, but boy was I wrong.
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abeg007.degen.eth pfp
abeg007.degen.eth
@abeg007.eth
It's really great to see you acknowledge when you're wrong. I genuinely appreciate that quality in you. Many users out there often refuse to admit when they have made a mistake,instead, they tend to change the subject or shift the focus of the conversation. This can be quite frustrating, but your willingness to own up to your errors is refreshing and commendable.... 🥰🥰🥰
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Hnwcrypto 🎩🥭 pfp
Hnwcrypto 🎩🥭
@hnwcrypto.eth
A little gamble never hurts now and then bro chuck 100 in let it float Moon or dust vibes.
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bigdegenenergy.eth Ⓜ️🎩 pfp
bigdegenenergy.eth Ⓜ️🎩
@bigdegenenergy.eth
Class act bro
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Oppai おっぱい 🍓 pfp
Oppai おっぱい 🍓
@oppai
Let he who has never blasted another account and been in wrong cast the first stone
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OTTI🎨🖌 pfp
OTTI🎨🖌
@zeuzc
I think most people with little liquidity choose the meme play because it’s unpredictable and can make you mad profit just the way it can give max loss,people just love gambling.
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 Ⓜ️OODY🎩 🍖 pfp
Ⓜ️OODY🎩 🍖
@moody1899
I think it's understandable that you're skeptical about memes, too many people lose a lot of money on them, because compared to these idiotic memes, hidden gems and moxie are nowhere!
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Fredha.degen.eth 🎩Ⓜ️ pfp
Fredha.degen.eth 🎩Ⓜ️
@fredha.eth
You are so good person with great and bug heart that you can say these words We trust you man
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Brandon Yoshizawa 🎩🔵💎 pfp
Brandon Yoshizawa 🎩🔵💎
@bay-photography
Meme coins are so unpredictable and usually mostly benefit the super early
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oxdev.base.eth 🎩🔵Ⓜ️ pfp
oxdev.base.eth 🎩🔵Ⓜ️
@ayojoseph
Good, for one I don't still see a future in the Maxi. I'll quote the cast with chart when it rug pulled which is inevitable. Good you apologized but I don't think it's needed.
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SuperBuu pfp
SuperBuu
@superbuu.eth
Good for you for taking accountability shows some real integrity Everyone's just here having fun.
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Rafaello.base.eth pfp
Rafaello.base.eth
@rafaello12
Takes a lot of courage to apologize Hate off to you 👏🏾 At the end of the day we’re all trying to create a great project
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tradehigher.base.eth pfp
tradehigher.base.eth
@yeoraemyson
We all understand your intentions.
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