@InvestAnswers James, is there any reason why you ignored the super fast transaction speed SONIC upgrade on FTM this coming autumn, which could rival Solana and Ethereum!!
James, you are a legend! Thanks for all your knowledge and wisdom. If not for you and the IA team I would still be running around in circles chasing my tail. Life changing. Thanks
The Reddit survey is flawed. Why? Because it's missing one key variable: _the timeframe_ within which bitcoin holders would be willing (or unwilling) to sell their holdings. Does it mean immediately? Within 6 months? ...or some other indeterminate point in the distant future?? 🙄 A far more insightful question would have been: _After receiving your bitcoin allotment, will you sell most or all of it_ a) immediately; b) within 6 months; c) within 1-2 years; d) probably never
The Mtgox poll - those who voted to sell 100% of their BTC likely do not have much dollar value, whereas those with several BTC are likely to part with very few, as they don't need to sell all. In summary, the poll doesn't provide any meaningful insight to what percentage of BTC will get sold.
Watch the coin bureau video on the subject. The Mt Gox bitcoins are highly concentrated into relatively few holders, which can even be institutions that purchased the debt. Thinking of the Mt Gox problem as if everybody is a retail investor is a big mistake, and polls won't help predict the behavior of the whales that hold that Bitcoin.
@tamzidahmed9706n what makes you believe all of them will sell all of their btc? If someone has 100 btc what would drive them to sell all of it unless they believe the price has reached the high for the cycle? Maybe they need some money or want to cash some of it out, but $6.6 million?
honest question: where was NEAR protocol in the chart with the most daily active users? It was in the chart with the coins farest away from old ATH though ...
In order to use the Mt. Gox payback BTC percentages in that manner you are assuming that everyone has the same amount of BTC. If the top 18.8% of recipients happen to be the ones that sell 100% then your numbers are way off. It doesn't take too many high value holders selling all to skew the numbers. The opposite is true as well.
Re Mt Gox - the calc does not include the amount the various sectors of "sellers" own. For those with very small bags - who probably need the $ - not surprising them would sell. Bigger bags = people wiht $ - don't need to sell. SO - could be much less coming on market.................
Really odd how James misses Near Protocol from the Daily Active Users chart when is one of the strongest in the space ?! Does he see it as a threat to his Solana narrative? Genuine question
He has mentioned a few times because only 1 or 2 dapps drive this demand as opposed to a wide breadth of dapps. He has previously been favourable on near but just more bullish on solana and gains are in his favour on this tbh
Yeah, I know. He also totally ignored the super fast transaction speed SONIC upgrade on FTM this coming autumn, which could rival Solana and Ethereum!!
Sold about 50 grand worth of ADA at about 50 cents per ADA and immediately dumped it all into SOL for an average of about 8.75 per SOL. The single best financial move I’ve ever made. Love ya big James, you da man!
I did the same thing but not as great numbers. Sold at a 40% loss, bought 8k worth of SOL at $22. Still fairly proud of myself for having the faith in the right horse
Thanks so much for sharing Marty Parties graphs in particular James-absolutely awesome and hope you can give these every week! It would also be super great to see the lines for the MACRO VIEW OF THE WORLD'S ASSETS overlaid on the one chart!! But perhaps add an extra line for NASDAQ in current environment 🙃🙏
James, is there any reason why you ignored the super fast transaction speed SONIC upgrade on FTM this coming autumn, which could rival Solana and Ethereum?
Interesting that the majority of discussion about blockchain is about price and gain... with a tiny amount about decentralization, despite an absolute slam dunk case study for what happened with crowdstrike.
Not sure about your dead zone projects. Another way to look at it is the opportunity zone. Especially with ChainLink, just saying this could be an opportunity just like SOL at $5 one could have said it's a dead horse. I get half way past the bull mkt but zoom out Macro view and we are still early or are we not 🤔
Hello James. Thank you and the IA team for your dedication and hard work. Could u kindly do a quick review of SOLCHAT, it seems to be going counter to the the rest of the SOL ecosystem. Do u see any fundamental changes since u last covered it. Thank you in advance, sir.
Well, whether we are over half way through the bull or not depends on when you think the bull market started. We have not really witnessed a single proper altcoin season yet (unless you count meme coins), and usually there's at least 2 in a cycle. Solana is an early winner much like BNB was early winner in 2020-2021 cycle, but while BNB was early winner it did not do as well on later part of the cycle. This could be very well be the case for Solana too. New "Sol killers" could steal the narrative, just like Sol rode the "Eth killer" narrative in 2021.
I am looking at the global liquidity charts on tradingview and the fed net liquidity, and it does not match your chart there, it had a bottom at the end of june, had a small bump back up, on the 17th of july we had a tiny top which we are currently sitting just below, but I do not see a spike (yet), though I have not a single doubt it's around the corner
James. Thank you for the insightful content. Scary to find something like Chainlink in the dead zone. I did the whole Huh Cat routine upon seeing that. Sometimes personal sentiment blinds us to the obvious data.
The issue with Microsoft is why DePIN is so important. DePIN deployments in critical areas like telecommunications (Helium $HNT) for example, should be a national security mandate. Decentralize what we can
@CigarSmokinDuck i have and like those 2 as well. Sol has done amazing no doubt but it can maybe 4x from here. I believe some of the laggards like Near and Chainlink can beat Solana from this point on.
My two sense is not all dust coins I call them ..remain dusty. especially when real retail comes in. In my career of trading the shiny ones most have shitty tokenomics and need new investors to compete against sell pressure most people don’t have patience so most new ones rise hard and dump harder . The so called dust coins I would say maybe half of those u Named will do more x’s then the ones who already moved from here on imo just because they have history . All coins in different narratives move at different times not everyone goes for the new shiny thing . Meaning coins that have survived the bear but are just dusty atm doesn’t mean they won’t move north again when retail returns the flows can always change after one tweet from a higher up or one whale buy then hype follows nfa…
I Wonder why u skipper over DOT when You were listing zombie projects. It is not the first time u did that. Anything behind the curtin that is maby influensing your language towards DOT?
Calling all those coins old tech is simply wrong. Some don't even play in the same category like monero. Near and Avalanche are also very good tech. Near has sharding. But i agree the performance of many of them is underwhelming.
How do you hedge for your Tesla position ? I'm starting to understand that this is something I must know how to do in the future. That would be awesome if you could explain what are the different strategies to do a proper hedging on a position and why would it be necesary in the first place ? You said that you used a hedge for your Tesla position, why exactly this position and not another ? That's a lot of stuff, but you give us so much all the time, don't be surprised if we end up with thousands of questions. By the way amazing work ser, you are changing lives.
There are plenty of _dead_ coins that have exploded in the price after previous bear markets. A lot of them, in my opinion, have a lot more upside from here than the likes of SOL.
James, I live in the UK and my work mate who I talk crypto about said his neighbour showed him his portfolio and it was full of Bitcoin Tesla Solana and Microstrategy, I wonder who he’s been listening too! Haha I was well impressed.
Whilst you make call out all these ‘slower horses’ historically most alts pump second half, not first half of the bullrun. Further - what x do you realistically see SOL doing here? A 3 to 7 maybe? I warrant all the alts you mentioned will do better than this from here on out. Food for though before you flip everything into SOL at this point - might even be worth rotating out now
Song all those coins are zombie coins, how do you compare them to the charts of most of the sol alts? They look horrendous and fit the conditions of what you label the others with. 80% off their tops.
