March 16, 2024

Newsletter #284 - Where Is This Going To Peak?

Hey Shitcoiners,

Being a market participant is a rollercoaster. If you are enjoying meteoric gains, remember the struggle you might have gone through to get here. It has been a crazy few years.

Also, remember to take some profits from time to time. Or don’t. There’s always next cycle!

Bitcoin made new highs once again, making its way past $72,000. Where is this going to peak?

Do you use fiat currency as a store of value? Michael Saylor thinks you are poor.

Saylor had a good week. He got a repost from Drake!

And he also announced another substantial Bitcoin acquisition by MicroStrategy. That average buy price is looking pretty good…

As we reach new highs, we are flipping other assets. Bitcoin is now bigger than Silver.

And interest in “digital gold” is already exceeding boomer interest in the OG version, according to J.P. Morgan.

Do you remember when they used to laugh at us? Now this price increase may force the Federal Reserve to delay their plans to cut interest rates. What a time to be alive.

“Bitcoin is too risky”, they said. This narrative meant the investors the SEC are out to “protect” missed out on 5,000% gains.

Over in El Salvador Nayib has finally decided to step up his security game. He’s no longer keeping the nations money on his phone.

El Salvador could be set to become the “most attractive country in the world to live in”. All they need is Bitcoin to hit $100k. Now that doesn’t really feel like that much of a reach.

Have you ever bought a scam coin? You are likely already a bag holder and you didn’t even know it.

As this market heats up, it is time to choose your position on the bell curve. It’s obvious where the money is. Study being retarded.

Here you can see retardio is action. A memecoin hit a $1 billion market cap in less than 2 days. You can’t make this shit up.

Don’t fight it. Embrace it. You too can make it with a portfolio of ridiculously named memecoins.

If you are looking for more information on Jeo Boden, then Coinbase have you covered.

Everyone wants in.

You can’t always hit home runs. You will lose money along the way. This lifestyle isn’t for everyone.

Pack it up, it’s over, finito.

Is this a top signal? We are now trying to put dogs wif hats on the Sphere.

With most of the memecoin action happening on Solana, trading bots have gained a lot of popularity. You might have heard that Unibot launched their Solana offering, but it turns out they just outsourced it and now they are splitting from the other team. Ouch.

In other business news, OPNX is being relaunched as a Christianity token. This cycle gets wackier by the day.

Are you ready for “data blobs”? The Dencun upgrade is here and now L2s can reduce transaction costs by batching and compressing transactions before sending them to mainnet. Pump it.

Back to the memes. We had no idea who NFT Nick was before this week, and we still aren’t sure who he is. CT is taking the community notes on his posts very seriously, and Nick evidently loves it. He keeps posting.

On the topic of NFTs, it’s not looking good for the apes. One trader is down $3.9M in 59 days, when if he just sat in spot ETH, he’d be up considerably. RIP.

Are you still sidelined? Are you still waiting for a dip? We are sorry for your loss.

Jmo was not sidelined. He has run his degen account to 8 figures. Some people are just built different.

If you still aren’t sold that we are all GMI, and that our girlfriends will have girlfriends, then remember there is always an escape plan. Burger flipping awaits.

That's all for this week. Follow Andreas on Twitter and stay up to date with us @Shitcoindotcom too. See you next time.