Ademola π³π¬π¬π§
@AdemolaIA
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A strategic cryptocurrency investor prioritizing research and actionable insights for growth. BQEFFDAF
Ibada, Nigeria
Joined January 2017
In crypto, you canβt catch every opportunity, some will pass you by. Just keep working hard and stay prepared for the right coin at the right time. Thatβs what happened to me in 2021, when less than $200 turned into over $100k in a jiffy. It took hard work and patience, but it was worth it. Stay focused, history is about to repeat itself.
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IdΓ‘n ππΌ
TST got listed on Binance. A few thoughts: 1. CZ said βfundamentalsβ, then talks about a test coin turned meme coin. I posted to clarify that TST was NOT endorsed by me/us. It was just a test token used in a video tutorial. But every clarification post just made it more viral for whatever reason. π 2. Is CZ shifting away from fundamentals? No. I am a builder. I always focus on fundamentals. 3. Is CZ βintoβ meme coins now? It depends on your definition of βinto,β I havenβt bought a single meme coin so far. 4. Then, is CZ against meme coins? No. Not βintoβ something doesnβt mean I am against it. I am not into sports cars; I donβt collect art; I havenβt bought any NFTs; I also havenβt bought most altcoins (I hold BTC and BNB). But I am not against any of the above. And I think most of youβd agree, that I have worked hard and "gone to some lengths" to help many altcoins and the crypto industry in general. I adopt the same view towards meme coins. 5. Why did TST get listed on Binance? I donβt know for sure. I am entirely NOT involved in their listing process. Based on historical experience, people always complain, βWhy do you list this but not the coin I hold?β You might not like to hear this, but the truth is: exchanges must compete to list popular coins (with trading volume) as early as possible. If your coin is actively sought after by traders, you donβt need to talk to exchanges. As I always say, work on your project, not the exchanges. 6. Why do people buy memes instead of utility tokens? I donβt know, but I will go on a limb and make a few speculations (pun intended). 6.1 During the last four years, a powerful regulatory agency sued almost anyone with any utility token, falsely claiming they are securities. So, people started to launch memes. 6.2 There are groups of traders known as speculators. Things with clear tangible value are harder to speculate on. They stay around the clear value. This is indeed a challenge for RWA. For example, a building whose value doesnβt fluctuate much may not have a lot of trading activity. Then, it wonβt have much liquidity, and the order book becomes thin, then even less trading activity, a vicious cycle. 6.3 Memes are fun, etc. Itβs a cultural thing. I am not an expert in this area. There are plenty of die-hard defenders of memes. Donβt go against the community. 7. Lastly, itβs clear there are lots of money ready to invest in the market. Lots of opportunities. You need to build things people want. Happy building and happy memeing! And manage your risks. π«‘
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