Steve pfp
Steve
@sdv.eth
? https://warpcast.com/zinger/0x2f9eb92d
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nyc-crypto-cabal-kid pfp
nyc-crypto-cabal-kid
@zinger
Taking profits is good! I'm talking about people who buy in, price goes down a little, and they immediately panic sell. Or ones who make a tiny profit and then just nuke the chart.
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Steve pfp
Steve
@sdv.eth
It's all just a numbers game of arbitrage. Lots of this gets automated, sometimes to extreme amounts. If you can guarantee 0.1% profits 100% of the time, you just have to do it 10000 times to come up 10x on your initial (not counting for gas). Though most of the human activity is just quickly reallocating funds to a stickier coin. It's all just monetized attention after all.
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nyc-crypto-cabal-kid pfp
nyc-crypto-cabal-kid
@zinger
Doesn't seem to happen as much on other chains ๐Ÿง
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