Good news: $GASS has tripled!
Bad news: my group friend got washed out!
A typical case has appeared today
GasspasCat really washed out most retail investors before it started breaking through the previous high. I entered with around 1 million in market value, and it dropped to a minimum of 400,000 in market value. Many retail investors must feel like this market is dead, including my group friend.
Because he was almost fully invested, the psychological pressure was quite large, and he couldn’t hold on at the bottom; this is a normal reaction for most retail investors. The dog fund preys on this psychology, and my reasons for not getting out are twofold.
1. After experiencing the washout of $RATO, I've become very resilient. As long as I believe in a narrative that can sustain, I can stay on board with the dog fund, so I won't sell even if it drops 50%.
2. The capital for my position does not pressure me much. The early low market cap #memecoin strategy is to bet small for big returns. Going all-in is basically impossible for me; even if my position goes to zero, it doesn’t significantly affect me. I have the capital to endure with the dog fund.
Brothers, when trading cryptocurrencies, you must learn to think in reverse. Anti-human operations are the most rational.